Fibonacci Waves / Weak Market Hypotheses
On the above chart I investigated the relationship and continuation of 'waves' within the Fibonacci Circle. Due to its incredible success, I decided to look over it again.
On this chart I show very comparable formations (formation 1) (formation 2)
Formation 1 is contained within 0.786, while formation 2 extends through the 1 level
Applying the same Logic with the continuation through 2.618, the bars pattern placed is price inverted from previous move through 2.618
The Weak (form) Market Hypothesis suggests " that today’s stock prices reflect all the data of past prices and that no form of technical analysis can be effectively utilized to aid investors in making trading decisions."
I find this interestingly applicable to this scenario, with repeated formations, in repeating fib levels.
Ethereum (Cryptocurrency)
BITCOIN DOMINANCE EXPLAINEDTo be successful in crypto you need to know how the market works and why it’s behaving like it is.
Bitcoin is the first ever cryptocurrency and will be the biggest a long time. This means that what bitcoin does will have a large impact on the market. But there are also times where every coin does it’s own thing.
Here is where Btc.d comes in.
Simply put, when bitcoin dominance is high, it means that almost every move is similar in the whole market. While when it’s low, we don’t need to worry too much about what bitcoin is doing if we see a good trade in some other coin.
We can take advantage of this!
Btc.d is surprisingly accurate with technical analysis. In the chart you can see two boxes where I would either buy bitcoin or altcoins.
You still have to find good setups and everything, but it gives a good indication of it’s either altcoins or bitcoins time to shine!
Good luck traders! Leave a like if you found this helpful <3
3 Ways To Invest In Crypto Market WITHOUT Education 💡You got a busy life and you don't have time to research and learn about thousands of cryptos,
Or you maybe don't see yourself and your life a trader,
Maybe aren't even interested in capital market.
You just heard Crypto Market is gaining a lot of profit and you just don't want to miss it..
You know what?? You hear from a Shit Coin.. You buy some.. And You will lose most of or maybe all your money ..
This IDEA will guide you through this situation, it will let you know how to invest successfully (probably), in crypto market.
I tried to minimize the risk for you..
SHALL WE BEGIN???
There are three possible ways, the First one will cost you money, the Second and the Third are free of charge.
FIRST: Go to an expert consultant.
The only thing you need to do, is to research and find suitable expert consultant for yourself. After that everything is done.
He/She, will gather some of your personal information to know you better to arrange a personal crypto portfolio.. This type of portfolio is uniquely designed for you and your personal goals..
And of course this way will cost you money due the type of expert you find.
SECOND: Bitcoin & Ethereum.
Clear your mind from whatever exciting coin and token you hearing all around the social media or you friends..
Bitcoin and Ethereum are the King and the Queen of the market, AND NOTHING ELSE MATTERS...
Try to calculate how much money can you HOLD or HODL for at least 5 YEARS . Buy Bitcoin/Ethereum with that money and store it in a safe place and just don't think about it anymore until that 5 year deadline comes up.
I believe you will be surprised when you see the outcome of your investment. And don't remember that at least 5 year is so important.
free of charge this one.
THIRD AND LAST: DCA, Dollar-Cost Averaging.
Did you remember older members of the family always told us, don't spend all your income. Put some of your income into the bank, monthly. It'll come handy some day.
Dollar Cost Averaging is something like that, and you know what?? It will work perfectly on Cryptos.
The only thing you need to do, is to calculate you monthly costs and income. After that promise something to yourself, I WILL SAVE SOME OF MY INCOME INTO CRYPTO EVERY MONTH. It can be %5, %10, %15,... whatever number you and your life feel comfortable with.
This DCA needs Three situations for you to concentrate on. First , You should keep your promise and buy crypto every month no matter what happens. Second , you should again wait at least 5 years . But don't worry the results will make you satisfied.
And Third , Just buy Bitcoin or Ethereum again and nothing else. Don't remember The KING and The QUEEN.
Why it is called AVERAGING??? because, no matter what is the price your filling your bag every month, so you will buy bitcoin in the deep, in the middle and in the top. This way you will buy your asset in an average price, without even knowing anything from the market.
This one was free of charge too, and I believe from bottom of my heart you will be excited from the result..
This is it.. I hope you enjoyed this IDEA.. If you did so, push the LIKE button and feel free to talk to me in comment section :)
OBV & ETH - Charts don't lie. Banksters and politicians do...So, if you are new to the markets you might not know. If you are old, you do. Wall Street uses "weapons of mass destruction" against the average person. And banksters are running the world printing money enslaving the youth and developing nations. The world is voting with their wallets and are converting their worthless government IOUs (FIAT, dollar, pesos, rubles etc) to True and Honest Money.
And crypto assets, unlike physical gold and silver, DOES NOT NEED AN ARMY! There is no physical gold to hide or protect. All you need to remember is 12 to 24 words per cold crypto wallet (or have them stored in a bank vault in a way that nobody would know it's your recovery secret phrase for your wallet, ANYWHERE IN THE WORLD! Self control of your wallet is self control of your destiny. Knowledge and truth is pure energy for good. Manipulation and bad actors are evil energy that needs to be purified. Bitcoin, the Crypto King, and Ethereum ETC, the crypto Queen are dominating. The world just doesn't know. Yet.
The crooks in charge of world fiduciary duties have failed. They are being voted out. Trust the charts, trust yourself and verify everything else. An open, honest, verifiable ledger is the world savior from the toxic bomb set off in 1971. 50 years later, we have debt jubilee. Welcome Physical Bitcoin! Welcome Physical Ethereum. Bye, bye crooked Wall Street, CME, LME and all the scum in between us and our money and investments!
TradingView is the world leader in providing amazing data. One indicator seldom used to detect market manipulation is OBV.
Let's look at that in this tutorial for New World Honest Trading Views!
OBV clearly tells us Ethereum is bullish for the last 10 days although the price has been suppressed. What happen next on break of resistance. Let's make this a teaching moment for all your readers. There are NO WRONG answers, just different points of views. Based on analysis on the latest good data you have and let's chat here!
Thank you Bitcoin, Ethereum and TradingView and all the good rocket scientists out there. The new World "Law Makers and Regulatory Viewers". And Rocket Launchers and Landers! LOL
JustCharts! WOW! Wild $T1mes alright!
ETH 50, 100 and 200 MAThe golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes. (investopedia)
Different Type of Crypto ExchangesLet's talk about Different Type of Crypto Exchanges
Centralized Exchanges ( CEX )
👉A third-party managed exchange system used to transact, manage your portfolio, store, and trade.
👉Binance, Kraken, FTX, Coinbase, and ByBit are some of the most renowned and heavily used centralized crypto exchanges.
👉Centralized crypto exchanges provide a convenient and user-friendly interface, including websites and apps that make it easy to transact cryptocurrencies at any time.
👉Since centralized exchanges are managed by companies who are responsible for the holdings of their customers, they are susceptible to cybersecurity risks.
Decentralized Exchanges (DEX)
👉Decentralized exchanges allow users to trade cryptocurrencies without the need for a third party or Know-Your-Customer requirements.
👉Dydx, Uniswap, 1Inch, PancakeSwap, and SushiSwap are some of the most popular decentralized exchanges with good volume .
👉Decentralized exchanges aren't as easy to operate and are not recommended for beginners. This is due to factors such as gas fee settings, price slippage settings, use of hot wallets, etc.
👉Decentralized exchanges are non-custodial, meaning your funds are held in your wallet of choice. This lowers the susceptibility to cybersecurity risks, but since all dexes operate with smart contracts, potential exploits are possible.
Hybrid Exchanges
👉Hybrid exchanges are a combination of both centralized and decentralized crypto exchanges. They combine the positive features of both the exchanges.
👉Some of the examples of hybrid exchanges are Qurrex, Eidoo, and Legolas.
👉They adopt the ease of use of centralized exchanges and the security and privacy of decentralized exchanges.
👉Hybrid exchanges are the missing link that unites the advantages of both decentralized and centralized exchanges.
👉The funds are not held in hot wallets, which means that they are placed in cold storage, thus making cyber-attacks on hybrid exchange highly impossible.
Let us know in the comments section below and tell us what exchanges you trade on and why?
For more educational ideas, analysis and scripts follow us.
Happy Trading!
Top 10 Cryptocurrencies & Their Real World UsesIn this video we explain the real world use cases of each of the top 10 cryptocurrencies. A lot of focus in crypto is focused on the price and the volatility of each coin without many people necessary understanding what their purposes are.
Bitcoin (BTC)
Digital Gold, a store of wealth and protection against inflation… this is because there’s a limited supply of BTC (21 Million) that will ever be mined. It’s supply cannot be inflated like FIAT currencies (Dollar, Pound, Euro etc) can simply be printed.
Collateral in DeFi, in many DeFi (Decentralised Finance) Bitcoin is used as collateral for you to borrow against the value of in return for a cryptocurrency loan for example. We will explain DeFi in a little more detail later.
Banking the unbanked, in many struggling economies (El Salvador for example) Bitcoin is a useful way for communities to gain access to banking facilities. While in many of those regions economies are still largely cash-driven and people cannot afford to pay for transportation to visit banks for registration, the number of those who have access to or own mobile phones is increasing. Thus, using digital wallets to transfer Bitcoin independent of traditional banks may provide a viable alternative for people without a bank account to participate in finance and to create a store of value.
Ethereum (ETH)
Smart contracts, In essence, smart contracts are created to automatically execute and complete processes, such as a payment process, in digitised form. This is the key to Ethereum’s success and its core use case. It enables developers to create complex applications powered by Ethereum’s platform.
DeFi applications, The largest category of smart contracts on Ethereum’s platform is in the form of Decentralised Finance applications.
With DeFi, you can do most of the things that banks support — earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and more — but it’s faster and doesn’t require paperwork or a third party. As with crypto generally, DeFi is global, peer-to-peer (meaning directly between two people, not routed through a centralized system), and open to all.
NFTs, an emerging use case for Ethereum is in the form of payment for NFTs… you will find that most NFT’s prices are denominated in ETH. NFTs for anyone that isn’t aware are essentially digital art that its authenticity is confirmed in blockchain data.
Think of it as a version of the Twitter blue tick for limited edition digital art.
Cardano (ADA)
Store of Value & Smart Contracts - The Cardano coin can be used as a transfer of value in a similar way that cash is currently used. This is not very different from other cryptocurrencies such as Ethereum and Bitcoin, but ADA has other uses as well.
One of the core principles of Cardano is its PoS blockchain protocol where ADA is staked to the blockchain to successfully verify transactions on the blockchain. This is where Cardano crypto comes in handy. Those who stake their ADA to the blockchain are rewarded for their efforts with more Cardano crypto in return. This staking system helps maintain security throughout the blockchain.
There is also the use of ADA in voting. In Cardano, unlike other blockchain projects, it is not miners who vote and decide on changes to the protocol, it is token holders. Therefore, when a new change or development is proposed to the Cardano blockchain, Cardano crypto holders use their ADA to vote on these proposals. This way, everyone who owns the cryptocurrency has a say in its development.
ADA also can be used to power the smart contract platform on the Cardano blockchain. Developers utilise ADA to create smart contracts and applications that run on the secure, decentralised Cardano blockchain.
In the case of running smart contracts it is cheaper in transaction fees than Ethereum.
Tether (USDT)
Stablecoin - Backed by US dollars and value is pegged to always be at-or very close to £1 per 1 USDT
Transferring Crypto - Lots of people will use Tether as a middleman when transferring money from one cryptocurrency to another without paying the fees associated either between each crypto or back and forth into Fiat currencies.
Generating a Yield - Some tether users also simply hold their funds in Tether because it generates a higher yield or interest rate than their money would in a bank for example.
Binance Coin (BNB)
Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol.
BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.
Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or "burn," Binance coins held in its treasury.
Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services.
Ripple (XRP)
Very quick & cheap cross border payments
,
The primary use case for XRP is intended to be for transfer of other currencies (or indeed commodities or assets such as gold or oil) over the Ripple network. Each time a money (or asset) transferring organisation such as a bank uses the network to conduct a transfer and settlement, the cost is deducted in a small amount of XRP.
Cross-border payments between banks and organisations currently run on a system called SWIFT… a system created in 1973. This is essentially what Ripple and its coin XRP could replace with a much quicker and cheaper system.
Solana (SOL)
Smart Contracts platform.
Much in the same way that both Ethereum & Cardano is used on a day to day basis as developers who make applications on the Solana blockchain pay SOL coins for the processing / transaction fees.
Large numbers of NFTs are also available on the Solana blockchain.
Polkadot (DOT)
Interoperability - Allow different blockchains to talk to each other and share data / features between each other. This is useful for developers when making new blockchains, as they are able to use sections of features from different chains without the need to create them from scratch each time.
Unlimited Supply - Unlike most other cryptocurrencies, DOT isn’t limited in supply. This is designed to incentivise the network and dynamically adjust according to participation rates of users.
Dogecoin (DOGE)
Meme coin which was originally created as a joke or parody of the crypto world.
Now however has gained massive popularity and even is considered for payments as a real world use. This is still to be widely accepted however.
USDC (USDC)
Stablecoin, backed by US dollars and value is pegged to always be at-or very close to £1 per 1 USDT. Not as popular or widely used by the market than Tether.
Here's How To Trade & Work Full Time EffectivelyWhat's going on traders!
Are you working full time? and trying to trade at the same time? Having difficulties trying to do both at the same time?
In this video I break down what I did when I was working full time and still trying to trade around a busy life.
There are 2 options - Trade very short term and get in and out of trades in a few hours OR swing trade. I go through some basics in this video so check it out!
ETH An example in why retail traders are wrong!Good Morning traders!
Today I have a great example of order protection and liquidity building.
This is something that I have been speaking about for a long time and this current PA shows it well.
The blue boxes show places where large orders have been placed and and initiated moves. See how price returns to retest these areas?! this gives the Banks, Whales and big players a chance to protect orders.
Retail traders place orders outside of these areas "support and resistance areas" These orders can easily be seen, and therefore hunted. The highs and lows create areas for the big players to exit the large volume positions as every buy order needs a seller and vice versa.
I hope this information has been helpful.
As always trade safe.
EnvisionEJ
whats the differance between these 2 trend ?Hello guys
this is educational post and most important for any Traders
these two movement have same move As the making HH and HL but in the first one the power of buyers and bullish are diminishing because for the condition of movement , if you see this movement is going like this and its near the support or resistance zone it means the chance of change trend is more than continuing the last trend .
But in second condition we are making HH and then pullback and make HL then HH and ... but in this movement the price rise then some rest and after that Buyer power is accumulated and jump the price
These two movement are making HH and HL but these differance and condition of movement is important , be careful for the movement and you can see it like in BTCUSDT movement in 1D time frame before fall down from 65k to 30k and more example in any chart you can see
Good Luck
Abtin
TOP REVERSAL PATTERNSTOP REVERSAL PATTERNS
At the end of a trend, there is a typically a reversal pattern indicating to us that the trend is about to reverse. There are 3 main patterns that you NEED to know.
1. Double Top / Double Bottom
A double top /bottom pattern is a chart pattern that consists of 2 consecutive peaks of similar height indicating that there is not enough buying/selling pressure to surpass the extremes of the price. This leads to a reversal in trend.
Double top is a bullish to bearish trend reversal.
Double bottom is a bearish to bullish trend reversal.
For a safe entry, entry would be after the break of the neck line (the last swing point) which is a confirmation that the it is a valid double top /bottom pattern.
2. Rising Wedge / Falling Wedge
A rising/ falling wedge is a chart pattern that occurs when price is making higher highs and higher lows (in an uptrend – rising wedge ) and lower lows and lower highs (in a downtrend – falling wedge ). As the pattern progresses in the wedge , the range of the price contracts and is confined between 2 lines which get closer. Price eventually breaks out of the wedge and creates a reversal.
Rising wedge is a bullish to bearish trend reversal.
Falling wedge is a bearish to bullish trend reversal.
For a safe entry, wait for a breakout of the wedge to confirm the validity of the wedge pattern.
Rising Wedge
3. Head & Shoulders / Inverse Head & Shoulders
A head and shoulders pattern is a chart pattern that appears as a baseline with three peaks. The outside two peaks (shoulders) are close in height and the middle is highest.
A normal head and shoulders is a bullish to bearish trend reversal.
An INVERSE head and shoulders is a bearish to bullish trend reversal.
For a safe entry, it is often advised to enter on the break of the neckline as that would be confirmation of the head and shoulder pattern.
Inverse Head & Shoulders:
Do your best to find them in your analysis!
CONSENSUS MECHANISMS - PoW vs PoSHey, Alkalites! If you want to invest in cryptocurrencies and know how to recognize long-term opportunities, you should start learning the technology behind them.
Do you know what a consensus mechanism is?
Consensus decision-making is a process in which group members agree to support a decision in the best interest of the whole.
In other words, this mechanism is used to govern the blockchain behind each asset. Usually, this consensus is necessary to confirm the validity of the transactions that take place in that network.
The most common consensus mechanisms are PoW (Proof of Work) and PoS (Proof of Stake).
PoW is used to determine how the network can be sure that the transaction is valid and that someone is not corrupting the network, for example, with double-spending. The Proof of Work is based on advanced mathematical formulas called “cryptography”. That is why the name "cryptocurrency" was invented.
All miners compete looking for a solution to the mathematical problem. The first miner (or pool of miners) to solve the block problem receives a reward, the block is created and transactions are included. Examples are BTC and ETH.
PoS uses a process by which contributors to the system earn commissions from transactions. To validate the transactions, the user must put their coins in a wallet that freezes the coins. The more you stake, the more you earn.
If someone tried to hack the network or process malicious transactions, he would lose all of his participation, since it would affect the integrity of his wallet. Also, it encourages holding the tokens, which is good for the value. Examples are Algorand and Cardano.
Do you have any question? Let me know!
Have a great Sunday, Alkalites!
CONSENSUS MECHANISMS - PoW vs PoS Hey, Alkalites! If you want to invest in cryptocurrencies and know how to recognize long-term opportunities, you should start learning the technology behind them.
Do you know what a consensus mechanism is?
Consensus decision-making is a process in which group members agree to support a decision in the best interest of the whole.
In other words, this mechanism is used to govern the blockchain behind each asset. Usually, this consensus is necessary to confirm the validity of the transactions that take place in that network.
The most common consensus mechanisms are PoW (Proof of Work) and PoS (Proof of Stake).
PoW is used to determine how the network can be sure that the transaction is valid and that someone is not corrupting the network, for example, with double-spending. The Proof of Work is based on advanced mathematical formulas called “cryptography”. That is why the name "cryptocurrency" was invented.
All miners compete looking for a solution to the mathematical problem. The first miner (or pool of miners) to solve the block problem receives a reward, the block is created and transactions are included. Examples are BTC and ETH.
PoS uses a process by which contributors to the system earn commissions from transactions. To validate the transactions, the user must put their coins in a wallet that freezes the coins. The more you stake, the more you earn.
If someone tried to hack the network or process malicious transactions, he would lose all of his participation, since it would affect the integrity of his wallet. Also, it encourages holding the tokens, which is good for the value. Examples are Algorand and Cardano.
Do you have any question? Let me know!
Have a great Sunday, Alkalites!
Major hard fork upgrades since inception & impact on pricesIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis!
In a few hours, block number 12,965,000 will be mined on the Ethereum network and the ‘ London Hard Fork ’ upgrade will be implemented. As of writing this post, the data from Etherscan shows that block 12,963,799 just got added to the network.
A lot of hype has been doing the rounds since this upgrade was announced. The hype became even more resounding over the past couple of weeks.
In this post, we will explore what these hard fork upgrades mean for the network. We will explore all the major hard fork upgrades to the Ethereum network since its inception, and the corresponding impact on the prices.
Layman’s language for the definition of Fork: Blockchain networks such as Ethereum have a community. This community agrees or disagrees with a change in the network. It is often done to ensure that the network functions as smoothly as possible. In some cases, these hard forks are implemented to protect the network against potential harm, which we will subsequently discuss.
Types of forks
Codebase Forks : Copy of the original code, to allow for minor tweaks without developing the whole blockchain code from scratch.
Blockchain Forks : Branching or splitting a blockchain’s whole transaction history, causing the new network to develop a distinct identity.
Soft Forks : Gradual software upgrades—bug fixes, security checks, and new features.
Hard Forks : A permanent modification on the blockchain
We will discuss the Hard Forks that have occurred since the inception of the Ethereum network.
✔ Ice Age : It was implemented on September 8, 2015
In order to guarantee to switch from PoW to PoS within 16 months after Ethereum’s initial release, an exponential difficulty increase was added that would noticeably slow down new blocks being mined after about a year. After that time, the network would reach an “Ice Age,” where the difficulty would exponentially increase until it would be too high for anyone to find a block.
The Ice Age gets manually delayed by a subsequent hard fork every time.
Price saw an approximate 10% jump prior to the upgrade
✔ Homestead : It was implemented in March 15, 2016
It went live at block number 1,150,000. ETH's price jumped more than 1477% in the first 3 months of 2016. 14.77x return to investors in a matter of 3 months!
✔ The DAO : It went live on July 20, 2016
This upgrade was to save the network from further damage. A vulnerability on the network allowed an exploiter to walk away with 3.6 million ETH. To fix this vulnerability, the DAO hard fork was implemented. It also created the well-known cousin of Ethereum, the ETC or Ethereum Classic.
✔ Constantinople AKA St. Petersburg : It was implemented in February 28, 2019
Price dropped more than 16% from the recent peak.
✔ Atlantis : It was implemented on September 12, 2019
This September 2019 hard fork event required all software users to upgrade their clients in order to stay with the current network. Enhancements included better security, stability, and network performance for higher volumes of traffic.
✔ London Hard Fork : It will be implemented on August 5, 2021
EIP-1559 aims to strengthen the ecosystem of Ethereum — which is known for its smart contract capabilities that power DeFi, or decentralized finance, apps and NFTs, or non-fungible tokens among other improvements.
( Have added the image to the analysis, so that it can be downloaded and referenced)
----------------------------------------------------------------------------------------
Keep supporting:)
-Mudrex
EDUCATION - TOP REVERSAL PATTERNS ⚡At the end of a trend, there is a typically a reversal pattern indicating to us that the trend is about to reverse. There are 3 main patterns that you NEED to know.
1. Double Top/Double Bottom
A double top/bottom pattern is a chart pattern that consists of 2 consecutive peaks of similar height indicating that there is not enough buying/selling pressure to surpass the extremes of the price. This leads to a reversal in trend.
Double top is a bullish to bearish trend reversal.
Double bottom is a bearish to bullish trend reversal.
For a safe entry, entry would be after the break of the neck line (the last swing point) which is a confirmation that the it is a valid double top/bottom pattern.
Double Top:
2. Rising Wedge/Falling Wedge
A rising/falling wedge is a chart pattern that occurs when price is making higher highs and higher lows (in an uptrend – rising wedge) and lower lows and lower highs (in a downtrend – falling wedge). As the pattern progresses in the wedge, the range of the price contracts and is confined between 2 lines which get closer. Price eventually breaks out of the wedge and creates a reversal.
Rising wedge is a bullish to bearish trend reversal.
Falling wedge is a bearish to bullish trend reversal.
For a safe entry, wait for a breakout of the wedge to confirm the validity of the wedge pattern.
Rising Wedge:
3. Head & Shoulders/Inverse Head & Shoulders
A head and shoulders pattern is a chart pattern that appears as a baseline with three peaks. The outside two peaks (shoulders) are close in height and the middle is highest.
A normal head and shoulders is a bullish to bearish trend reversal.
An INVERSE head and shoulders is a bearish to bullish trend reversal.
For a safe entry, it is often advised to enter on the break of the neckline as that would be confirmation of the head and shoulder pattern.
Inverse Head & Shoulders:
Do your best to find them in your analysis!
Newest layout and maybe my best one yet!This layout has everything you'll need for price action trading. All custom settings with included indicators. ( Trendlines, pivot points, bollinger bands, RSI Divergence, VMC-Cipher, Money-Miner with custom settings and bar colors.
- This setup is absolutely awesome for scalping and intraday trading. It only has useful moving averages and indicators and everything flows together almost seemlessly. Enjoy!!
--CryptoSavvy
Link to chart setup - www.tradingview.com
BASICS OF SCALPING Scalping is a term used to denote the "skimming" of small profits on a regular basis, by going in and out of positions several times per day.
It is always helpful to trade with the trend, at least if you are a beginner scalper. To discover the trend, set up a weekly and a daily time chart and insert trend lines , Fibonacci levels, and moving averages. These are your "lines in the sand," so to speak, and will represent support and resistance areas. If your charts show the trend to be in an upward bias (the prices are sloping from the bottom left of your chart to the top right), then you will want to buy at all the support levels should they be reached.
1. Use lower stakes: The common rule is never to risk more than 2% of your initial deposit on a single trade
2. Minimize losses: As a scalper, you will probably make a lot of trades in a day, and the truth is that not even the best traders in the world have a 100% success rate. The key to earning good money with scalping is to minimize your losses, on the losing trades you make.
The holy grail formula for scalping is 2:1 ratio. What does this mean? It means that the setup you're looking for should help you make at least double the amount of potential loss.
3. Master specific strategies: scalping is not meant for amateur traders, but seasoned traders who have tested and mastered specific strategies which have worked out for the best
4. Select the appropriate timeframe: The maximum recommended timeframe for a scalper is the 1-hour chart, but you will make more use of the 1-minute, 5-minute and 15-minute charts
5. Control the number of simultaneous trades
6. Get in an ideal frame of mind: If you are unable to concentrate for any reason, do not scalp. Late nights, illness symptoms, and other distractions may frequently knock you off your game. If you've had a series of losses, you should stop trading and take some time to recover. Do not seek vengeance on the market. Scalping may be enjoyable and difficult, but it can also be frustrating and exhausting. You must be certain that you have the personality to engage in high-stakes activities.
Remember, Scalping is not for everyone. This is a difficult technique that requires the right temperament. Scalpers must enjoy sitting in front of their computers for the duration of the session, as well as the extreme focus required.
Unique Pattern BTCThis is the strongest Bitcoin Pattern. Its called the Ladel Pattern, and it Starts when BTC reaches All-time high.
The Ladel pattern has been consistently appearing at every major all-time high of BTC. And the accuracy of this pattern is pretty high as you’ll see in this video.
People are used to “One Size Fits All Patterns”. The ladle pattern is proof that each Currency/Stock does have their own unique patterns that cannot be found in the traditional textbook pattern list.
BEST pattern BTCThis is the strongest Bitcoin Pattern. Its called the Ladel Pattern, and it Starts when BTC reaches All-time high.
The Ladel pattern has been consistently appearing at every major all-time high of BTC. And the accuracy of this pattern is pretty high as you’ll see in this video.
People are used to “One Size Fits All Patterns”. The ladle pattern is proof that each Currency/Stock does have their own unique patterns that cannot be found in the traditional textbook pattern list.
I also mention in this video that BTC likes to fall 80% from all-time highs. This is also a strong indication that BTC might go back down to the $10k-$15k range.
Many new traders/investors are tunnel-visioned on the current price. They forget to take a step back and look at the big picture. I’ve met BTC traders who said that BTC never fell more than 50% in its lifetime. Those are the traders that never looked at BTC chart before 2020.
Why do most traders get burnt buying the high side?weekly, 2 week and monthly charts hold the most value for any investor, Here's why,
I strongly believe that the high percentage of investors that fail to trade the markets correctly is simply because they don't know where the buyers and sellers are. With higher timeframes, we can eliminate a lot of the unnecessary noise in the markets and identify the true direction of a market. I think that a lot of traders fall victim to wanting to make quick money and lack patience. I personally like to treat the markets as an alternative avenue to generate passive income over an extensive period of time. I like to trade less and I like to increase my chances of winning more consistently by playing the megatrends.
Patience and saying no to greed is a skill set that every investor needs to master. Without the right mindset to approach the markets will break you. There is nothing wrong with day trading, but just know that the micro-trends in any market can be very misleading most of the time. You're studying price action on such a low timeframe that you tend to forget what the big picture of a true market cycle is representing.
Become patient and let the investment work for you over time. I can day trade but to me, it's not worth my time and effort.
Anyways,
This video will talk about the lifecycle of Bitcoin and the megatrends.
You always hear the hype and the story of "How I bought high and lost money in the markets."
Every megatrend on bitcoin has been easy money if you would have just played the buyers or the sellers from a long-term perspective.
I will talk more about this in the video,
Take Care.
Deep dive: Proof of Work v/s Proof of Stake v/s Proof of HistoryIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis!
Today, we thought we would explore the different consensus mechanisms that form the backbone of the underlying Blockchain technology.
We have attempted to briefly cover the following:
Proof of Work
Proof of Stake
Proof of History
These are consensus mechanisms that validate the transactions on the Blockchain. Each of these mechanisms work differently. These differences result in different transaction speed, fees and efficiency.
In order to discuss these 3 mechanisms, we have used three different cryptocurrencies corresponding to the mechanism they follow.
Bitcoin → Proof of Work
Cardano → Proof of Stake
Solana → Proof of History
Proof of work:
Transactions need to be verified on the network and this verification is done via solving complex mathematical problems, called cryptography. The digital currencies therefore came to be known as ‘Cryptocurrencies.’ It was described in the original whitepaper by Satoshi Nakamoto,
Verifiers, also known as miners are rewarded for participating and validating the network transactions. This was considered a game-changer when it emerged in the original whitepaper by the pseudonymous Satoshi Nakamoto. The idea existed earlier than the publication in the white paper and was known as the Nakamoto consensus.
According to Satoshi Nakomoto, “the longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power.”
However, there are several drawbacks to this mechanism. It uses huge amounts of electricity, and emits significantly large amounts of carbon into the environment. Another major drawback is that transactions are slow and inefficient on a large scale. It limits the scalability of the Proof of Work mechanism to mainstream finance.
Proof of Stake:
It came into existence in 2012 after its founders pointed out the inefficiencies of the Proof of work mechanism.
In blockchains that use proof-of-stake, nodes in the network engage in validating blocks, rather than allocating their computing resources to “mine” them. Within these networks, security and consensus is achieved by participants committing a stake — their private or collective capital — to the enterprise in the form of the network’s native tokens.
Ether (ETH) has been indicating to move away from the energy draining proof-of-work mechanism to the energy efficient proof-of-stake for quite some time.
Proof of history:
Proof of History is a sequence of computation that can provide a way to cryptographically verify passage of time between two events.
As per official newsletter of Solana Labs, “the Proof of History solution was presented by the Solana project in order to finally eliminate an issue of the validity of timestamps in distributed networks. Unlike using the established method with timestamps, one can make certain that the action is performed at a distinct point in time after one action, but before another. Through Proof of History, we can ensure that a certain action took place at a certain point in time, before or after another action. This is made possible without the use of timestamps or external synchronizing structures. Confirmation of history is a high-frequency verifiable delay function.
This means that the function requires a sequence of steps in order to obtain and evaluate the uniqueness and reliability of the published value. Solana’s implementation executes the function that uses a sequential hash system that is resistant to pre-images (images of previously prepared hashes). Thus, the output of the transaction appears as the input of the subsequent transaction. Subsequently, the current counter, status, and output are periodically recorded. The clear advantages are scalability and the eradication of the timestamps validity problem. At the moment, it is rather difficult to single out the obvious shortcomings of the protocol due to the novelty of this solution.”
Please note: This post is not a recommendation to buy/sell any particular crypto. The technology surrounding each of the above three cryptos are different. There is continuous advancement happening in this space. Interesting things are continuously happening in the crypto space.
----------------------------------------------------------------------------------------
Keep supporting:)
-Mudrex
What is it that's stopping you from becoming a better trader?In this video, I touch more on emotions and how an "average trader" approaches the markets.
I believe that we as traders get the wrong impression on how to read a chart. I feel that most traders have a strong tendency to make trading more complicated than it needs to be.
I've traded with so many strategies out there and I always tried to search for the next best thing. But the one thing that I made complicated was figuring out how to park my cash and let it work for me by following the right side of the trend.
The market is nothing more than buyers and sellers and our job is simple... Make sure to be on the winning team. One of the most common things told in the educational side of the markets is,
"The trend is your friend." - (THE MOST VALUABLE GOLDEN NUGGET")
I strongly believe that we focus on an exact price entry combined with so many other trading routines and in the long run, it just makes trading complicated for most.
You need to stay patient and let the trends play out. Filter out the noise, Take a break and let the bigger picture unfold. The confirmation will come when it is ready.
Don't put a price on it.
Don't put a time on it.
Just let the market breathe and take what it gives you.
Take care,