ETHUSD - Descending Triangle + Bear FlagHi All,
This is just a initial stage of the pattern, the pattern usually change to ascending/descending triangle and sometime to raising/ falling wedge or a channel. Just monitor on the declining of the volume until the breakout volume spike. (to identify the target price).
1. Descending Triangle - This pattern is usually a continuation pattern, but some cases, there is a breakout at the triangle resistant line.
2. Bear Flag.
3. Stoch RSI just returned from overbought
once bear flag pattern is confirmed, it will affect the MACD and form a bearish divergent. (and confirm the descending triangle bearish pattern).
This TA is for Educational purpose and not a financial advice. If you are happy with my charts and would like to follow more in the future, feel free to follow my profiles.
D-ETH
Current ResearchI've been getting some messages about possible collaborations and questions about what I'm working on, so heres a few of my current projects that I will start working on in the next few months. If you have a good background in programming or maths and have interest in these projects feel free message me!
I- Holy Grail
a) Making the Holy Grail pick peaks and valleys better
b) Define zones of ranging, when price leaves these zones then enter the trend trade, range trade in the zone
c) Developing classes of new dynamic modulators, based on price and/or volume
d) Solving the dominate periods of price, the largest coefficients of the fourier series
e) Optimized scaling techniques based on unrealized p/l
II- Horizontal Logic
a) Identify horizontal lines that when crossed have a certain probability of crossing a next line
i) High probability lines will be targets
ii) Low probability lines are a good way to probabilistically define ranges
b) Find adaptive triggers that can identify good lines that will be crossed
c) Quantify these in time
d) Classify ranges and trends
III- Ichimoku Methods
a) Make excessive modifications to cloud for very high probability strategies
b) Optimized scaling techniques based on cloud/price information
c) Forward test, then automate
Let's get down to ETH NOOB basics.Hello, let's run over an analysis of the ETH and that's going to be an amateurs understanding and pattern recognition. Along with a few other treats, the legendary Bollinger Bands. Plus, I'll throw some lines in there to look official like the almighty poop cannon. www.tradingview.com
SO, everytime this sucker drops below 30, we crash and burn. And we just need one good push to lower us to all time lows. "SHOW ME THE MONEY"
Then it's a steady rise usually back above the 70 RSI indicator giving us amazing profits to our intial investment. That's why swing trade only for a profit and you're confident its gonna retrace and not going parabolic.
Don't be afraid to take a few dollar profit and watch it go down a few dollars. Okay, you're already too worried. Did you invest more than you can afford. :-\ Movving onnn.....
Satoshi
A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.
If you trade the Satoshi value. You take the stress of trading real money and you focus on raising your number. I get a white board and set my weekly goal. Which will be $200 or something simple. When you hit your targets, it feels good and you get a sense of accomplishment. I recommend this method.
RSI
I've noticed an emerging pattern when you expand the chart. The common RSI levels 30 and 70 are extremly strong indicators on where the market will swing if it hits. Over 70 is a breakout, under 30 is BTFD.
Yup, so it doesn't hurt.
Bollinger Bands ; steemit.com
I don't know any other way to explain this better than what this dude has already done. So I'll only ask you, if you like making money flawlessly from a phone, at work on your lunch... (Wait that's me, nm) :)
So I can make 1-2 trades an hour. Either shorting the stock (u believe it is going down) or it's time to, BTFD! So, do it. Might as well be doing something while you stuff your face. Heck you might even pay for lunch if you make a decent trade.
Conclusion: :-|
I like ETH. But it's so much better when you apply to alt coins. So, buy ETH, sell ETH, HODL ETH!!! A million reasons yes, a billion reasons no. RUN FOR THE HILLS. GLHF
How I Identify A Good Project, tags: ADA BTC ETH LTC NEO XRP EOSMy method and key metrics I check before entering a trade or even getting too technical with the chart. You know: Why would we set ourselves up for failure?
I thought I'd share this with my friends, and why not make it public too.
General coin info.
Does the project have a whitepaper and exposed team?
Is the developer still involved?
Is the team socially active?
What is the general sentiment?
Is it trading technically?
General coin information: where is it trading , is it at an all time high, is the website quality, do they have twitter/facebook/reddit, what are similar projects it has to compete against. My preference for this is CoinCheckup and CoinGecko , they also tackle some of my other requirements listed above. Why should we do this? I think it is obvious but, can I get it on my exchange, does it look like work went into the project and the team cares, finally long term who could beat them out- would I pit Orlycoin against LTC- no.
Does the project have a whitepaper and exposed team? similar to above but important enough to call it out. This can be found on each projects website. Check if it is there, read it if you want. In my opinion, if the team is there and a whitepaper exists, the price will reflect their strength.
Is the developer still involved? Evaluating GitHUB code repository. Let's use two examples here, ETH to start . Developer tab CoinGecko , GitHUB Commits , GitHUB activity CoinCheckup . And on the opposite end of the spectrum, SALT lending platform. Gecko and Checkup . Now don't take I am knocking SALT, we would want to check their roadmap to see where they are in their plan, but eventually we want to see developer activity. And for those that have code, we would like to see maintenance and continual development. CryptoMiso is a cool tool to compare activity side by side.
Is the team socially active? Communication is key! Find the twitter page using project site or an index like coinmarket cap. Maybe it's reddit, email or facebook. Are their communications valuable, or are they posting pumps and pictures of pizza parties... Study Gecko's community page, everything is here. Socialblade is a decent alternative, extra work though. Bonus tool, CoinMarketCal - a calendar of events peer reviewed for accuracy.
What is the general sentiment? Sentiment gives a good idea of the market direction current and future. It is how people feel about a project, or per our tool, how computers think people feel. This isn't so much necessary. I guess - be prepared. Here's two. Socialmention and SnetimentVIZ for twitter and mentions. Google TalkWalker if you want a more advanced platform. Some say news drives price, others argue price brings news to the surface, I say both and corporate manipulation.
Is it trading technically? Lastly, how are the charts holding up? When do I get in? I'll be brief here, algorithms. Let me expand a bit. Elliott wave, Fibonacci and probabilities. I want to know why the price stopped and pivoted there, and where will it go?..........
ETH Beautiful Pattern (education)This is just a look back on ETH and the nice move that it had on the weekly chart. This tightening pattern can be found on every time frame the weekly the daily the 4 hour etc....
This is a perfect example of a lower high and higher low tightening range before a massive move to the upside..
Keep an eye out for this tightening range on other charts as this is usually a great trading opportunity :) also if there is a tightening range on the 4 hour chart and also a bigger tightening range on the daily chart the direction the 4 hour chart breaks can give you a good indication on how likely the daily chart will break in the same direction
Anyway just an quick idea to keep the trading brain ticking over.. :)
ETH Trend Following ScalpETH Trend Following Scalp
Set Up
Candle #1 Close is Greater than $2 Distance from 40 MA
Rules:
Bullish
#1. 20 MA is Above 40 MA Bullish (Black over Blue)
#2 Candle #1 Close Must Be Below 40 MA to Go Long
#3 On Next Candle, Candle #2 Buy on Open
#4 Place Sell Order at what the 40 MA was in Candle #1
Bearish
#1 20 MA is Below 40 MA Bearish (Blue over Black)
#2 Candle #1 Close Must Be Above 40 MA to Go Short
#3 On Next Candle, Candle #2 Sell on Open
#4 Place Buy Order at what the 40 MA was in First Candle
The chart is from one day of pretty non-volatile ETH action.
I am just trying to find a method to scalp some ETH while I am babysitting it in my screen time.
A $2 move in ETH right now is only about 1/2 of a percent but if I can do that 2 or 3 times a day I'll take it!
The other advantage to me is that I want and do own ETH anyway, so,,, I won't ever consider that I am getting stuck with it!
I am new to TA, so a newbie I am. Proceed with caution and do your own testing. More back testing would be good.
If you improve upon this or apply it to other assets let me know.
If you have your own scalp idea please let me know, publish it!
JW