Get started

Ethereum (Cryptocurrency)

Cryptogame - Margin Battle Another chart. I have too many other charts to put here, which I will add in description later. There is a lot going on behind the scene. Bitmex 100x leveraged trading has had a clear impact on the cryptomarket. Other leveraged trading options at Bitfinex for alts are playing a major role and have resulted in wicks which are not ignorable. Currently the alts have too many long positions compared to shorts, where as BTC and only 2-3 others alts have more shorts than longs. Of course there are always other aspects to look at and clearly have an impact on the inter- and intraday prices. Please leave a comment (healthy discussion please) and click on the agree button if you do agree or like this chart. Thanks.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn995432
Tortuga Indicator V.2 DisplayThis is a Video that displays the efficacy of the Tortuga indicator on the hourly timeframe. I will plan to post videos for 2, 3, 4, 6, and daily timeframes for this indicator. This is merely for anyone interested in purchasing a monthly subscription to this indicator or to anyone who needed more education on how this indicator works or has been working lately. If you have any questions, feel free to message me. Give me a follow if you like what you see, I am producing multiple indicators. My published scripts: www.tradingview.com Link for the Tortuga Indicator V.2:
BITFINEX:BTCUSDEducation
by TheYeet
Bitcoin and Ethereum - can you exploit FOMO? This is well beyond technical analysis - into the domain of human psychology. In this video I theorise on exploiting FOMO - which is psychological phenomenon - instead of just being a victim of it. I look briefly at Ehterium as well. An important thing for all markets is that the point of greatest fear is also the point of greatest opportunity. Please note that I am not predicting anything. I totally expect price to crash as well. All I can do is control my loss. Supplemental: Microtends and risk aversion Disclaimers and Declarations: No pecuniary or other advantages are derived or to be derived by sharing opinion/information presented here, even if originating from other parties. The representations herein are indicative, not predictive and do not imply any past, present or future performance of the individual making the representation. Under no circumstances does any graphical or other representation imply, encourage or recommend the buying or selling of securities, or the making of any kind of investment or trade. No guarantee of accuracy is provided for reported facts. No insight into practical aspects of trading or investment is provided. There are no cloaked, or implied meanings or expectations to be received. Gambling in financial markets is strongly discouraged. Trading or investing in securities, crytpocurrencies or tokens of any kind carries serious and/or catastrophic financial risks. Those who lack the knowledge, skill and experience in those markets should avoid taking those risks. Interpretations by others about what may appear to be implied by the presence or absence of some content, are dismissed in advance and do not nullify all or any part of this disclaimer. You are responsible for your own due diligence. Should you take financial risk by acting on this representation or any interpretation of it, you do so entirely at your own risk.
BITSTAMP:BTCUSDEducation
by Captain_Walker
Make Tradingview your Asset to PROFITS - Steps to FollowFOREMOST.... this is NOT a hate post to discredit valued publications of 'HONEST' Tradingview members It is a cautionary advisement.. to educate new traders and open your eyes So you are NEW to trading.. or new to Tradingview This makes you easily influenced.. because let's face it.. - you are eager to learn - you want to learn from the best - you want profitable trades - you want it all.. and NOW ::LOL:: so did I when I first started trading... but since learned to trust my own calls above everyone else's. Though I depend on GOOD TA from others to 'check' my baselines... my 75% success in trading and ability to make a living doing this... also comes from the fact I am former psychotherapist... and marketing expert who owned a finance company with 100 brokers... My therapist nature is what motivated me to share this knowledge. Wisdom: The more you give in life, the more you are rewarded. --- Outline of this Ongoing Education --- Please resist the urge to skip sections of this reading As much as you think you know... You are bound to hear something New and Valuable: SECTIONS 1 - 3 - Locate a balanced variety of IDEAS on Tradingview - Psychology of Members who Post - Vetting Quality Content: Member Agendas, Bias & Ego, Reliability & Frequency SECTIONS 4 -7 - Trading Methods that Work, but OTHERS may NOT tell you - Methods that WORK in this 2018 Market & Reliability - Combining KNOWN methods - Testing NEW Ones - Deriving your Own Method SECTIONS 8-9 - Hate Comments = Trader Mind Poison/How to FLAG/Remove BAD comments - How to intelligently add conversation in IDEA rooms and GAIN reputation SECTION 1 - Finding Valuable 'IDEAS' on TRADING VIEW Tradingview uses a secret formula to determine the top publishers of the day, week, month It is based on categories, not just performance. Unfortunately, there is NO quality control with this method.. and even worse, the more someone is recognized as a top author, the more they cement their rating in the top publisher box. NOT saying there is a better way to do this. but as a new member, you need to know its shortcomings. To find a better sampling and some of the BEST work on Tradingview, can take more work. It requries random search; utilizing the less convenient tools on this site. The sidebar on the far right when you first log in will show TOP authors. Go beyond that, by searching the columns with the most CURRENT publications Explore new idea posts by unknowns; then follow the ones that interest you. As your follow list builds.. Warning: the limit is 30. Your favorites will DROP OFF if you are not careful Keep your follow list for the ones who matter most to you and cut loose the less valuable. Edit your email and notifications for what they publish. DO NOT overwhelm yourself (for example, I stopped email notifications and just read my sidebar) Suggestion for easier tracking of information: I actually make my browwer LOG into Tradingview four times whenever the browser loads. If you do NOT know how to do this, go to GOOGLE, name your brower... followed by HOW DO I... On my brower, each of the four log ins to Tradingview has a different customization. I switch between browser tabs to review each variation. Of second most importance is the RIGHT PANEL views of the different topics. This includes CRYPTO NEWS.. which is VERY important. If anyone tells you otherwise, they are dead WRONG. I make sure to visit four different pane categories several times a day. SETCION 2 - Vetting IDEA Publishers Regardles of popularity of a member, to find the best quality forecasts and advice, you must consider the mind state and health of the publisher Ego - do they rant: goes off the original topic before the conclusion is drawn clearly creates new thought tangents not relevant to the subject are their sentence structures hard to follow (almost non-sensical) are they
KRAKEN:ETHUSDEducation
by TradeClass
4
ETHBTC – Gann square + Fibonacci ArcsHi Guys. As all crypto market went down it is a good time not to panic and learn something new. Today we prepared for you nice indicator Gann Square combined with Fibonacci Arcs. This enables us to see supports and resistances not only linearly but also circularly. Looking at the chart we can see at the horizontal axis we have a time and on the vertical axis we have price. Gann said ideal harmony is when they both move in a proportional way. That is way is middle line on this indicator is 45 degrees – it means when following this line price and time are in the harmony. When below that level price goes faster down (particularly in this case) than time. This means SELL. If we go above 45 degrees this means price goes faster than time and there is a time to BUY. Ok but what happens in the middle. Is prices’ and people’s behavior linear? Not necessarily. What can we do when being in between the lines 2/1 and ½? So the answer is Fibonacci Arc. Imagine those circles are like pulsing sound. Fibonacci claimed everything has a cycle and proportion. You can find numerous examples of shells, flowers and many more. People’s behavior changes over time. It pulses in someway. Each pulse has circular shape so Fibonacci Arcs are so as well. As you can see on the chart, many of the breaking points are aligned with levels marked by the circles. They give us better insight when to enter and when to exit. In this case we should SELL at around 0.098, reload at around 0.06 – the most important without fear we are below 1/1 level. Once bought wat the previously mentioned level we should sell ETH at 0.078. If someone plays on this pair once would make 30% in a 3,5 months. We put first circle in the lowest level of the 3 following bars. What do you guys think? Do you use it? Do you find it useful? Please do comment, share your thought and don't forget to follow us. THANK YOU FOR ALL YOUR SUPPORT! :) Hugs! WBM Team
Education
by WBM_Team
Best Indicators for Day/Swing Traders and How to Use ThemAn Introduction This is a quick overview of three of the best trading indicators for day and swing traders alike. If you are a new trader then it is very important for you to understand that no indicator or oscillator is going to make you trade profitably immediately, so don’t go on a wild goose chase to find one that will. Learn a select few indicators and the methods and strategies to use them effectively. Master them, and then learn more. “Your strategy will be more profitable using fewer indicators that you have mastered. Then more indicators that you haven’t.” Let’s begin. Moving Averages (MA) Moving Averages put simply are just lines that are calculated by past prices. They are easy to understand and are extremely useful with any trading type, whether that is intraday, swing, or even longer trading styles. You should always have multiple MA lines with differentiating time periods on your chart. I personally use three MAs: 9 day MA, 50 day MA, and a 100 day MA. This gives me a broader viewpoint on the market and helps my identify stronger trends and reversals. 2 Ways to Use Moving Averages 1.) Identifying Trend Strength Put simply, the farther away the current price and trend are from its relative moving average, the weaker that trend is, helping you the trader, spot potential reversals and finding entries and exits. This method in good practice is used in conjunction with other indicators like volume. (below). 2.) Identifying Trend Reversals with Crossovers Usually, MA crossovers can be signals for trend reversals, for example, if the nine-day MA crosses below the 50 day MA after an uptrend. Then the bullish trend may be reversing signaling a bearish trend. Be warned though, because there tend to be frequent fake-outs with crossovers that catch new traders off guard, you should always make sure to confirm reversals using other methods and tools. austindrysdale.com Moving Averages are important because they provide traders an understanding of the markets state, never trade blindly. Relative Strength Index (RSI) The RSI indicator provides a relative evaluation of the strength of a security’s current price, using it’s past performance and volatility. Again, this is another must-have for any type of trader and/or trading style. The RSI scores a security on a scale of 1-100, you will need to remember this for the tips below. RSI Can be Used a Number of Ways 1.) Identifying Overbought/Oversold Conditions Identifying overbought/oversold conditions is useful in finding trend reversals or corrections. When a security is overbought it can signal a bearish trend reversal or a correction, when a security is oversold it can signal a bullish trend reversal or correction. The textbook numbers for these conditions is 70/30: 70 = overbought/overvalued, 30 oversold/undervalued. Though in an effort to reduce fake outs, some traders (including me) use 80/20 for those conditions. 2.) Identifying Divergences Traders can also use divergences to identify trend reversals, a divergence is a difference or disagreement (link to Merriam Webster below). Bullish Divergent Signal When the price makes a new low but the RSI does not (or equivalent). Bearish Divergent Signal When the price makes a new high but the RSI does not (or equivalent) austindrysdale.com Quick large movements will create fake-outs (false signals). So just like any other indicator, always confirm trends with other tools/methods.
COINBASE:BTCUSDEducation
by austindrysdale
5
A Martingale Guide to not trade like a noob. How I trade.I am going to share with you all one of the primary trading strategies I use. As you read this keep in mind this is what I have found works best for ME in my situation with my busy life. I am not here to tell you martingale is the best strategy out there , it's just one that's out there that I have found to be very successful in my personal trading accounts. Its up to you to decide what strategy works best for you. This one I will be describing typically works best as a swing trading strategy. Before you implement a strategy. Make sure you have a hobby and it can't be trading. No, seriously. If you are going to trade you have to be able to step back from the charts to keep a clear picture and understanding of whats going on to make sure the plan you implemented is still viable and you don't panic or make a dumb decision. Even though I have over a decade of experience I still find myself needing to step away from the charts to get a clear understanding or needing to take a break. It's impossible to just stare at a screen all day without getting exhausted or not thinking clearly. It's vital you do this because you need to take the emotion out of trading. Where this strategy works the BEST VOLATILE markets. The more volatile the better. It lets you take advantage of quick dips and ride the waves back up. If you are in fast moving markets and have positions laddered down you can receive fills quickly and be able to scoop up lower prices and sell as it rebounds. The trick here is structuring your strategy accordingly and utilizing the appropriate time frames which I will get to later with examples. Emotions are controlled: There is nothing wrong with using a stop and at times it's very appropriate. However, sometimes I really don't want to think about what the market is doing every second of every day. I can structure a strategy and go about with my daily life. Let's say you are trading with a stop and the market starts taking a dip and blows through it. But you KNOW it's going to rebound but you don't know when? What do you do? Keep entering in your full trading balance and get stopped out a couple times? Step away from the keyboard and wait for a new trade? With a sound plan and structure, I don't have to worry about this "mini black swans" so to speak, I can take advantage of them. Example Exhibit 1: This was a fantastic trade. I was able to play this TWICE. The first was on this first long wick where I entered from 900 all the way down to 700 and was out in the 950 area. I was able to do this again with deeper martingales from 900 down to the 600 area. Notice that on the second time it spiked down it went as far as the 560 area, and I had been filled already at 600. Exhibit 2. A quick trade where I was filled above 700 and above 650 at these lows. Exit was on the rebound for a small profit. Exhibit 3. This trade was long time wise. My first entry points were at 600 down to 500. I was actually profitable when it went rebounded up to 580, but I did not get out for whatever reason at the time. I was then filled in my positions all the way down to 378 where my average buy became 460. This took time, but I knew it would rebound, which it did. My regret was getting out of this trade to soon. But, it's better to be wishing you were in the market, then be in the market wishing you were out. Continued in comments....
COINBASE:ETHUSDEducation
by Sherem
11
Cryptogame - The Order In The ChaosHi everyone. I hope everyone is fine and doing well. Sorry I have been very busy at work these days hence was unable to post anything. The previous chart was getting too 'long' for the updates, hence I am posting this one. Many things in the pipeline. EOS and TRX have their main-net launch dates within the next few days. Still, because of the overall market sentiment, the regulatory clouds, CFTC investigations/probes into BTC price manipulation in the market (they FINALLY figured out something was wrong lol!), the SEC focus on ETH being a security (or not), the price of BTC is not going up. All the bulls who said that institutional money will be coming in soon... well, still waiting since the 22nd of December 2017. This year is likely going to be similar to 2014 in my honest opinion, but mainly for BTC. I think some of the alt coins (EOS, IOTA, ADA, XLM for instance - may be BCH) will do well. There is another coin - RadixDLT. I have read their white paper and it looks very promising. The team is very polite and the main devs do respond to email queries themselves. Plus they are British! And since I live in UK and absolutely love the country, I will buy this one when it launches later this year. I will keep updating the charts and also share my thoughts here. Please feel free to ask me any questions or send me a pm and I will aim to reply within 24 hours. Over the past few weeks, many 'bullish' calls have been made by hedge fund managers and billionaire investors. And also by other billionaires (like Warren Buffet) calling all cryptos a scam. The answer - everything is a scam! You need to learn how to use the market to your advantage. Don't get caught up with what others say. Everyone has an agenda. Rather than relying on one source, gather as much information as you can about the crypto you want to trade. Always look at the BTC chart because even the most powerful pump or rally can be killed by a falling BTC. If BTC is overbought, then it will have some correction. It can kill almost any rally or pump instantly. So be careful. BTC is the common denominator and is the main index against which all the cryptos are valued. Do your own research first. Don't invest 100% unless you are sure about what you are doing and have a contingency plan. If you are margin trading, then your investment is automatically exposed to an exponentially higher level of risk. So be careful and only invest the money you are prepared to lose. About this chart. This is on a weekly scale and I have chosen the Bitstamp BTCUSD chart this time. One of the main reasons is that this is the longest time-frame chart that we can look at for BTCUSD pair and hence has more data than other exchanges. The three indicators used are RSI, DMI (Directional Movement Index) and Stoch. I find that when I use these in conjunction and pitted against each other, they do provide a better insight than others. Of course there are hundreds of other useful indicators available. You should use the ones which you are more comfortable with. The overall market volume is the key here. It has been dropping steadily over the past few days. I have a feeling that BTC will visit the $5000-$6000 range soon, but I could be wrong. Wish everyone all the best!
BITSTAMP:BTCUSDEducation
by UnknownUnicorn995432
7
Skulls, Bones And Candlesticks - The Margin CallIf you are a beginner in the wonderful world of charts, patterns and indicators, this post is for you... Almost all traders have on day faced an account crash and anyone knows that it is a damn bad moment to go through. My goal here is to identify what is the main reason leading to this morbid situation that make us crash our accounts...and provide some tips to avoid being in panic when the margin call happens. The leverage and margin level. The trading world is seen as an eldorado for most of people, especially because it seems so easy to make much money very quickly. It is also a path to financial independency which is a dream for many people. Working from home or simply working with only a smartphone and make money like that. It seems so nice. Let's be clear, If the leverage did not exist we would not be here on Tradingview. If trading knows as much succes, it is also because we can invest much more than we have in fact. With $1,000, we are able to invest up to $500,000 in the market... from our smartphone... Simply insane. Difficult to stay cold being aware of that. Who has never been in margin call here? This situation should never happen. If so, then your trading behavior is at risk and you will crash your account sooner or later. My solution: Always respect the 10% rule. Your overall margin including all opened position should never exceed 10% of your account. If your capital is $1,000 then your max margin would be $100. Even there it is only for agressive traders. Why the 10% rule can help you to succeed? In fact, you can use it as psychological barrier. As an example, you can face the case where you have a position in loss. I identify 3 main situations: A) You position is in an important loss. You are tempted to average down the entry price of the position by adding a new one on the same pair. Clearly the badest behavior. With the max margin at 10% you cannot add multiple positions without breaking the rule. It is your alert. B) You can also let the position run in loss without doing anything. Your stop loss? Psychologically, you are not able to handle such a loss so you pray for the market to reverse. It is possible depending of the fundamentals and technical configuration, if a huge support is broken, better worth closing the position. Letting the position run is risky but clearly much more acceptable than the A situation. C) Your position is in loss but you use a stop loss. The stop is hit but you accept this loss and look for a better opportunity to enter in the market again. Ideally on a support or a resistance. In definitive, being in margin call should warn you that your trading behavior is dangerous in a medium to long run. The probability for you to crash your acccount sooner or later is damn high.
Education
by Traderscope
1
Let's talk about cryptocurrency. What it is, where it's going.Hello all, dsap here, I go to this site everyday and read many articles and ideas published by crypto enthusiasts and traders. There are so many points of view and people tend to bicker back and forth about non points, especially in the comments section. I think technical analysis is a fun guessing game but nothing more. I do not wish to become a day trader and I do not think the rewards are worth the effort. I have made quite a bit of money in a short time doing very few trades and I plan to keep doing so. This has motivated me to start writing about what I have learned about cryptocurrency over the last few years and why following the larger ideas and movements in crypto can reduce your risk to the everyday volatility that plagues the day trading "gambler". Are there people who will win big and claim they knew what they were doing all along? Of course there are but that's not my focus and if you think you have found someone like that, by all means, keep following their advice. My analysis of the situation will not claim to be technical or tell you what indicators to look out for but rather give you insight into the inner workings of what you are buying and selling when you trade crypto. I think this understanding is way more relevant to making the decision to pull the trigger on a buy or sell than which way the price will swing tomorrow or next month. Once you understand what crypto currency is, where it is headed, and what it is not, the immediate price starts to matter less and less. The direction the technology is headed in and the forces behind the different projects affect my decisions way more than price fluctuations do. With that introduction out of the way I would like to start my main topic: blockchain technology. You hear the buzzword blockchain thrown around a lot, but what does it really mean and why is it relevant to bitcoin or to your trading decisions? You will hear financial experts and bankers talk on the news about how they are unsure about bitcoin but they see blockchain as a very promising technology. From what I can tell they are trying to separate what makes bitcoin from bitcoin and squeeze out whatever value might be there. I'll let you in on a little secret, the exciting thing about bitcoin isn't blockchain technology. The experts are either lying through their teeth or ignorant of the truth in front of them, either way, the exciting thing about bitcoin is it's DECENTRALIZED IMPLEMENTATION OF A BLOCKCHAIN. I write that in all caps because it is very important and because most private companies experimenting with blockchains are in essence building intranets and claiming them to be as valuable as the internet itself. If you are unsure what I'm talking about, back when the internet was younger companies built their own internal networks thinking this TCP/IP infrastructure of networked computers would make them rich. It was only the companies who turned their model outwards to the internet who were successful. You don't hear people shouting today "what a wonderful world we have built on TPC/IP implementation and closed networks". You only hear about the internet. This is also true of cryptocurrency. The true innovation isn't the blockchain. The true innovation is the blockchain being used in a decentralized manner. So cryptocurrencies and projects that rely on and open and decentralized platform are the real deal while things like ripple have yet to become anything more than an internal company network. Can the internal company network be useful? Sure it can. Does it fit my idea of what a true cryptocurrency is just because it uses blockchain technology? Not really. Just like blu-ray disks intermittent technologies will have their short day in the sun and then be replaced by the better alternative once they become obsolete, and they already are by design. No one touts the advancements of fiber weaving technology and asks you to invest heavily in this idea. They buy shares of clothing companies.
BITFINEX:BTCUSDEducation
by dsap4004
Simple and Profitable Cryptocurrency Trading StrategyNew Simple, easy and profitable Cryptocurrency trading strategy. The chart I've used to demonstrate is Ethereum but I use it across all of the major cryptocurrencies (BTC, XRP, BCH, DASH, etc). The chart shows daily timeframe but it is profitable on lower timeframes (I haven't used/tested below 4hr so try that yourself) Indicator List WWV_LB (5) = Weis Wave Volume by Lazybear with lookback setting of 5 Blue EMA = 8, close Red EMA = 8, open Coloured Boxes Red = Profitable sell Green = Profitable Buy Yellow = Losing trade Weis wave volume indicator is essentially showing when there is a turning point of control over the previous 5 timeperiod (here 5 days), from either bears to bulls or vice-versa. Meaning it is very good at showing the start and end of swings. The EMAs are used to filter the weis wave volume indicator so that you dont enter on small pullbacks and it allows to visibly view the trend (pointing up/down) and when market is stagnent. Rules Buy 1. Look to buy when the weis wave volume indicator switches from red(bears in control) to green (bulls in control). filter 2. EMA 8, close must be above ema 8, open with daylight between the indicators. Without daylight then for me it doesnt represent a strong move. Sell 1. Look to sell when the weis wave volume indicator switches from Green to red. filter 2. EMA 8, close must be below ema 8, open with daylight between the indicators.
COINBASE:ETHUSDEducation
by wjsharples1
27
ETHUSD - 4h / 1h Charts: When it goes higher, let it go higher. In this short video, I explain how to read a chart and anticipate the next move. For that, you need to understand that my charts are giving levels where cycles are mature and where it can turn (does not mean that it will turn as I am not doing the market - unfortunately but even then that would not be fun ;-)). So, here I do not propose a trade setup or even a proper count but a discussion about all the possibilities that are on the table when I prepare a chart. Hope you enjoy!
BITSTAMP:ETHUSDEducation
by The_202_Quants
Volume Profile - Fixed Range/Session Volume/Visible RangeVolume Profile (The explanation here is extremely detailed. The actual use I explain is the second bottom half) 1. Introduction 2. Use Options 3. Terminology 4. Example 5. Conclusion 1. Introduction The Volume Profile is an extremely useful tool that can give you an expanded view of actual price pressure if you struggle to find support levels. There are a number of strategies the Volume Profile was designed to be used for, but I have found over the years most of it is useless in Crypto or it can be found with better methods. I will cover what I use it for in this educational piece. Most traders use the default Volume indicator that measures Volume based on time instead of price levels. While this is semi useful, I remove that on all of my charts and use Volume Studies that are based on price levels for a more accurate view. The Volume Profile can be found in the indicators section on TradingView shown in the link below. imgur.com As a note, I do change my settings depending on how I am using this indicator. I do enable Show Values, so I may see a detailed look at actual numbers. Also, I do change the amount of rows (Row Size) depending on how detailed of a look I need for the current situation. For the most part, I disable the P.O.C., Developing P.O.C., and Developing VA. I have found these features to clutter what I am looking at and not provide me with any kind of accurate or useful information. Some traders will disagree, but in reality they are just added features that rarely apply to crypto trading as a strategy. However, there may be times when they are useful and there is actual strategies that can be used, but I will not cover them because it will waste everyone's time. 2. There are 3 different ways to use it: Fixed Range- This is used for a set number of candles. Upon clicking this, you then select the area you would like to study. This is extremely useful when studying past fractals and how they would apply to current price action. Also, they are useful when studying how a catalyst or black swan affected the price of an asset for future theories and trading preparation. Shown below is a Fixed Range from December 10th to the 19th for Ethereum. ($415-$861) Session Volume- This measurement takes the Daily close no matter what time frame you are viewing and sets individual measurements for that 24 hours. Shown below is a the last 3 days as of this writing for Ethereum. Visible Range- This option is useful for quick views of price levels that automatically adjust as you zoom in and out of the chart. Whatever candles are visible on the chart, it shows trading Volume at those price levels. Shown below was Ethereum's last rally from $300-$1,425 and current correction. (Values have been disabled & row amount/size is set at 100) 3. Terminology Point of Control (P.O.C.) – The price level for the time period with the highest traded volume. Profile High – The highest reached price level during the specified time period. Profile Low – The lowest reached price level during the specified time period. Value Area (VA) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70%. However, it is up to the trader’s discretion. Value Area High (VAH) – The highest price level within the value area. Value Area Low (VAL) – The lowest price level within the value area.
BITFINEX:ETHUSDEducation
by Nick_Core
33
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.
BITFINEX:ETHUSDEducation
by OPassiveIncome
HOW TO TRADE ETHEREUMEthereum Trading Strategy All we need for this trading strategy is two technical indicators: The MACD – This is a momentum indicator that can help us spot a trend. The MFI or the Money Flow Index an overlooked but critical technical indicator that measures the money flow into or out of a cryptocurrency. The MACD is one of the most common indicators used by traders around the world in a variety of different markets to spot trades before they happen. The MFI indicator is based on price action and it incorporates Volume in its calculation, which is quite similar to other oscillators. In other words, we can use the MFI indicator to measure buying and selling pressure. We can use the MFI indicator to trigger entries and to take profits. The easiest way to interpret the MFI indicator is that a reading above the 50 level represents an inflow of money into the cryptocurrency, while a reading below the 50 level represents an outflow of funds from the cryptocurrency. The other critical MFI thresholds are 20 and 80. An MFI reading of 20 is considered bullish and oversold while a reading above the 80 level is considered bearish and overbought. Step #1: Wait until the Money Flow Index drop below the 20 level The first rule is that you always want to wait for the Money Flow Index to be in oversold territory. In other words, we need to have an MFI reading below the 20 level. An extreme MFI reading below 20 suggests that there is very heavy money outflow from Ethereum. As history has repeatedly shown, this information can be used as a contrarian indicator. The MFI indicator is not a standalone indicator. There are plenty of good cryptocurrencies that have high MFI reading, and most bad ones have low MFI reading. So, in order to use the MFI indicator, we need to check it against other technical indicators which are the reason why we also use the MACD indicator. Step #2: Wait for MACD histogram to break above the zero level The second rule is to wait for the MACD histogram to turn positive. This is a confirmation that the bullish momentum is starting to build up. Now, we have two rules in place, but these are still not enough to trigger an entry. Indicator-based strategies are very unpredictable which is the reason why we’ve added another confirmation signal before to enter and buy Ethereum. Now, we’re going to lay down a straightforward entry technique for Ethereum trading system. Step #3: After MACD turned positive, Buy after MFI also breaks above the 50 level. As an extra measure of caution, we also like to wait for the MFI indicator to break above the 50 level before to buy Ethereum. A reading above the 50 level represents an inflow of money into Ethereum which is the moment when smart money is stepping into the market. We want to trade alongside smart money to really make a profit trading the cryptocurrency market. Step #4: Place Protective Stop Loss below the Previous Swing low In order to minimize our potential loss we want to place our protective stop loss very close to the market price but at the same time at a price where it should really invalidate our trade signal. For the Ethereum strategy, the ideal place to hide the stop loss is just below previous swing low. You can always add a buffer to protect yourself in case of a false breakout. Step #5: Take Profits when the MFI enters Overbought territory or above the 80 level When it comes to our Ethereum take profit trading strategy we want to cash some profits at the first sign that the market is about to turn against us. Otherwise, we risk given back some of our hard earned gains. The first indication that the market is about to turn is when the Money Flow Index enters into overbought territory. In other words, when the MFI breaks above 80 levels, we take profits. Use the same rules for a SELL trade – but in reverse. Ethereum has fundamental advantages that hopefully will help Ethereum price suppress Bitcoin in the coming years.
BITFINEX:ETHUSDEducation
by Tradingstrategyguides
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
Education
by RoryPants
Long Lower Shadow CandlestickMeaning If the candle is bullish (white or green), the price dips down quite low following the interval’s opening due to the bears’ influence. However, the bulls gain control and push the price back up again, so the interval closes above where it began. If the candle is bearish (black or red), the bears take the reins and force the price downward. After they’ve done all they can, they experience a pushback. The bulls take over and propel the price back up so the interval’s close is relatively far above the overall low. The Long Lower Shadow candlestick is typically considered to be a bullish signal, but it is quite weak in this capacity. In addition, when the market is oversold or at support, the Long Lower Shadow candlestick tends to be more significant. _____ Although the Long Lower Shadow candlestick doesn’t have a lot to say on its own, it should still be included in the larger conversation. When you spot it, look for surrounding candlestick patterns of which it may be a part. Good luck! *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
BEducation
by TheWolfOfBinance
Patience vs TradingPatience is a great quality in trading. Why ? Simply because it helps you not ceeding to impulsivity and it helps you decreasing mistakes. Patience in trading is similar to patience in poker. A good poker player will wait hours to get the best hand possible. He will wait for a very good pair like AA or KK instead of risking losing with weak pair like 44 or 66. Of course having AA or KK is not a guarantee of winning but you get a much higher probability to do so. In trading you face the same problematic. Sometimes the market doesn't give you anything, no info, no pattern. In this case, you should close your laptop and do something else. Really !!! The more you trade, the more you are exposed to make big mistakes. I used to make scalping for a time but I quickly realized that it was not for me. Staying all day in front of a laptop waiting for an opportunity, no, many opportunities to get 2 to 10 pips only. Some traders are very good scalpers but I am not. I am a swing and day trader. I look for 30 to 20,00 pips on each trade. You really need patience to get 1000 pips profit ! And obviously I have a dedicated account for this kind of investment. Why ? Because, after having made 100 pips, the temptation is huge to take my profit and close the trade. On this account you only have very long term trades where potential is 500 to 20,000 pips ! Patience is also a quality when you do not see any opportunity on the market. You are frustrated, you want to feel the adrenaline of trading. Calm down, stay cold. The market always gives opportunity, It will happen very soon trust me but at this moment, use this time to improve your skills, reading, learning, analysing or simply deconnecting totally from trading. Think how you feel good without the stress of a losing position when you are always looking after your smartphone to check the price. Be patient, wait for the optimal opportunity wen you can sell high and buy low. The opportunity which gives you the best risk-reward. Patience vs trading ? No ! Patience = Trading !
BITFINEX:BTCUSDEducation
by Traderscope
6
5 Natural Reactions To Failure In Trading5 natural reactions to failure in trading It could be very useful to understand your natural behavior when you are faced to failure in trading. All of us are facing losses, sometimes these losses can be huge when come a krach or a bad choices. The situation in itself will not determine the reaction of the trader. It is his personality, his history facing which will determine it. 1. Anger Being anger is a natural feeling. It is the direct consequence of a loss. But you are not anger about the loss itself but about the causes which led to this loss. In fact, before taking this position, you knew that it was not a good idea or even a good timing maybe because: - The lot size was too big - There was a big data released 1 hour later - You moved the stop loss - You bought too high - You sold too low - ... You knew it but you made it ! Why ? Not enough patience ? not enough discipline ? You need to analyse it and correct this behavior. The anger must give you the opportunity to learn about the cause of it. Most of traders are not able to coldly analyse the causes, It not that easy. It's a fight against oneself. Don't be wrong. Losing a trade in trading is inevitable. It is the way of losing that is avoidable. Risking all its capital on one trade and get angry against everybody around you while it is you who accumulated mistakes, is this really honest? You are the only responsible for your loss and you must learn from it. You must learn to lose and you must learn to lose well. 2. Runnning out on his responsabilies When you lose a trade, the good behavior is to analyse the reason of the fail. Why did this trade go wrong ? Some of you may be very passive on a fail. Ok I lost this one but the next one will be in success, then the next one is a fail and the next one too and the next too etc etc. Maybe your strategy is not good. You should question yourself after each losing trade. 3. Guilt feeling This feeling is human and totally normal ! You blame yourself when you give in to your impulsiveness, when your reasoning is wrong or when your behavior has pushed you to failure. You had the choice to act another way. You had the choice not taking this trade or managing it another way. You know it and it is a good thing. Now assume it ! Yes you made a mistake but how will you act to change the behavior which led to all this ? This is the most important point. Be responsible of your choices and be responsible of your acts but don't keep blame yourself constantly. Try to improve yourself everytime, everyday. 4. Sadness Don't let sadness affect you ! Sadness is a sign of weakness. Weakness is the synonyme of KO. It is really dificult to get up back from this feeling. Sometime it lead to depression. This is the case when a trader loses everything after a krach or bad choices. Many of you could have experienced this already. If you are in this situation, ask for help. Sometimes it could be an humiliating situation. Be strong ! You can ask for advice if necessary. It is important for you to get out of this situation. 5. Giving up Trading is not that easy because psychology is an important part of sucess. Being a successful trader means that you handle 3 key elements : - Strategy (You improve it everyday) - Discipline (You apply a strict money management, you follow it no matter what happens) - Psychology (You are psychologically strong, you handle your emotions) Some people cannot assume all of this. If you tried but you failed, maybe it is not for you. Some people are not able to be good in trading. Accept it, give up and move on. --- All these natural reactions to failure can be overcome by taking a step back on the event. Put into perspective, bring nuance, change its point of view; the acceptance of failure requires a real effort whic is essential in trading
BITFINEX:BTCUSDEducation
by Traderscope
4
The Escalade Of Failure In TradingThe escalade of failure in trading ! : 5 reasons why most of traders lose their money ! Reason 1 / Step 1 : The "I DON'T ACCEPT LOSING" syndrom Reason 2 / Step 2 : The "I MOVE MY STOP LOSS" temptation Reason 3 / Step 3 : The "AVERAGE DOWN" disease Reason 4 / Step 4 : The "RISK EVERYTHING" game Reason 5 / Step 5 : The "I SWEAR IT WILL NEVER HAPPEN AGAIN" lie to yourself Let me tell you the story of JOE the gambler : Joe creates an account with $1,000 with a broker offering a x500 leverage. Virtually, Joe could invest almost $500,000 on the market ! Amazing ! Joe thinks that he is a reasonable investor and start investing with 0.05 lot. He has $1,000 on his account. He has a very good investment strategy which has worked very well for 1 month on demo account. Joe's projections gives $250 profit in one month. It is time now to pass on real account. Joe has read many articles about money management and joe wants to risk only 3% of its capital on each trade. Joe's strategy is to take trades only if a combination of several indicators give the same signal. Joe always use stop loss and take profit. The plan is the plan no matter what ! Right ?! Joe bought 0.05 lot on EURUSD at 1.2200 with a SL at 1.2150. He thinks that the price will increase from 100 pips at least in the next hours to reach 1.23. Reason 1 / Step 1 : The "I DON'T ACCEPT LOSING" syndrom Problem, the price falls from 40 pips. Joe starts panicking. Reason 2 / Step 2 : The "I MOVE MY STOP LOSS" temptation Joe decides to move the SL from 50 to 100 pips at 1.21. Reason 3 / Step 3 : The "AVERAGE DOWN" disease Problem, the market decides to go down again and the position shows a 80 pips floating loss. Joe decides to move the SL from 100 pips to 150 pips at 1.2050 and take a new position of 0.05 lot on EURUSD at 1.2120 with a SL at 1.2050. Problem, the market continues its fall and the price displays 1.2070. Joe thinks OK. I move my SL from 1.2050 to 1.1950. It gives more margin to let breathe the market and Joe takes a third position of 0.05 lot at 1.2050 with a SL at 1.1950. The average price is now 1.2123. Problem, the next days the market starts a range between 1.20 and 1.21 and Joe wants absolutely to leave the overall position in profit. Pride ! Joe loses patience and decides to take a new postion of 0.1 lot on EURUSD at 1.2070. The average price is now 1.2102. Joe is stressed and tired of this situation and decides to put an overall TP at 1.2120. The probability to hit the TP is high. Finally the market goes up and hit the TP during the night and when Joe wakes up the the price on EURUSD is 1.2200. Oh my GOSH ! Joe is frustrated ! Why did I change my TP ? I missed a lot of profit on this movement !!! Joe decides to take a new trade on EURUSD at 1.2200 without SL this time because this time is the right one !!! Pride !!! Problem, the market falls from 25 pips at 1.2175. Joe is convinced that he is right so he takes a new BUY pending position at 1.2150. And now the market makes a huge falls from 1.2175 to 1.2050 during the day. Joe has now 2 positions of 0.05 lot size. At this moment, Joe decided reasonably to close all positions with losses at 1.2050. Joe lost 275 pips on these 2 hasardous trades.
Education
by Traderscope
The Escalade Of Failure In TradingThe escalade of failure in trading ! : 5 reasons why most of traders lose their money ! Reason 1 / Step 1 : The "I DON'T ACCEPT LOSING" syndrom Reason 2 / Step 2 : The "I MOVE MY STOP LOSS" temptation Reason 3 / Step 3 : The "AVERAGE DOWN" disease Reason 4 / Step 4 : The "RISK EVERYTHING" game Reason 5 / Step 5 : The "I SWEAR IT WILL NEVER HAPPEN AGAIN" lie to yourself Let me tell you the story of JOE the gambler : Joe creates an account with $1,000 with a broker offering a x500 leverage. Virtually, Joe could invest almost $500,000 on the market ! Amazing ! Joe thinks that he is a reasonable investor and start investing with 0.05 lot. Joe creates an account with $1,000 with a broker offering a x500 leverage. Virtually Joe could invest almost $500,000 on the market ! Amazing ! So Joe has $1,000 on his account. He has a very good investment strategy which has worked very well for 1 month on demo account. Joe's projections gives $250 profit in one month. It is time now to pass on real account. Joe has read many articles about money management and joe wants to risk only 3% of its capital on each trade. Joe's strategy is to take trades only if a combination of several indicators give the same signal. Joe always use stop loss and take profit. The plan is the plan no matter what ! Right ?! Joe bought 0.05 lot on EURUSD at 1.2200 with a SL at 1.2150. He thinks that the price will increase from 100 pips at least in the next hours to reach 1.23. Reason 1 / Step 1 : The "I DON'T ACCEPT LOSING" syndrom Problem, the price falls from 40 pips. Joe starts panicking. Reason 2 / Step 2 : The "I MOVE MY STOP LOSS" temptation Joe decides to move the SL from 50 to 100 pips at 1.21. Reason 3 / Step 3 : The "AVERAGE DOWN" disease Problem, the market decides to go down again and the position shows a 80 pips floating loss. Joe decides to move the SL from 100 pips to 150 pips at 1.2050 and take a new position of 0.05 lot on EURUSD at 1.2120 with a SL at 1.2050. Problem, the market continues its fall and the price displays 1.2070. Joe thinks OK. I move my SL from 1.2050 to 1.1950. It gives more margin to let breathe the market and Joe takes a third position of 0.05 lot at 1.2050 with a SL at 1.1950. The average price is now 1.2123. Problem, the next days the market starts a range between 1.20 and 1.21 and Joe wants absolutely to leave the overall position in profit. Pride ! Joe loses patience and decides to take a new postion of 0.1 lot on EURUSD at 1.2070. The average price is now 1.2102. Joe is stressed and tired of this situation and decides to put an overall TP at 1.2120. The probability to hit the TP is high. Finally the market goes up and hit the TP during the night and when Joe wakes up the the price on EURUSD is 1.2200. Oh my GOSH ! Joe is frustrated ! Why did I change my TP ? I missed a lot of profit on this movement !!! Joe decides to take a new trade on EURUSD at 1.2200 without SL this time because this time is the right one !!! Pride !!! Problem, the market falls from 25 pips at 1.2175. Joe is convinced that he is right so he takes a new BUY pending position at 1.2150. And now the market makes a huge falls from 1.2175 to 1.2050 during the day. Joe has now 2 positions of 0.05 lot size. At this moment, Joe decided reasonably to close all positions with losses at 1.2050. Joe lost 275 pips on these 2 hasardous trades.
Education
by Traderscope
1