The future of Ethereum: The 2nd crypto and king of Dapps In this analysis for you, I will go for you to bring this analysis to discuss what is Ethereum.
Ethereum is the 2nd cryptocurrency after of Bitcoin, Ethereum started on 2015 with Vitalik Buterin, He's the Ethereum's Co-Founder and the mission of Ethereum is to become one of the best crypto-solution for our life and leadership of Blockchain. Ethereum is an interesting proyect like Bitcoin to take in our radar, because as Ethereum is go to grow up throught the time, it's a good idea to invest in Ethereum and I like this proyect about their creation of other tokens, blockchain and the one of the blockchain solution to created a decentralized application calles Dapps. Also, in the past year, I havened a proyect to created with Ethereum called Cryptocraft World Revolution, that proyect is based for digital economy to make an easiy user interface with the plattform as created cities decentralized, an economy impery based as our world but using a kind of Blockchain that I wanna to created it.
I admire a lot of Ethereum, also I compared this proyect as Cardano, because my own exit strategy for me is accumulate more and more Cardano, but any of Ethereum is another radar to take noticed on this crypto when is explode to reach level never see. That maket cycle is so repeat when Bitcoin was in the $320 USD on 2016.
Well guys, that is my analysis on how I see a Ethereum for longest term!!!
If you like it to reach the $17,000 USD as target for Ethereum. You can to get a like of this idea!!!
Also, I share you in weekly the Elliot Waves Analysis. Look below:
Also guys, on the next week, I will going to re-started to making a investment for long-term on cryptocurrencies. And I will started for the news as the community to bring about all of Bitcoin to explain what is Bitcoin, and all about of this money decentralized. And then, analyzed my altcoins that I want to know and making a study's autodidactic.
Ethereum (Cryptocurrency)
ETHUSD 4H RSI 80-20 TRADING STRATEGY SHORT TRADERSI 80-20 TRADING STRATEGY SHORT TRADE RULES
1 - Find Highest candle in the last current 50 bars.
2 - That High candle coupled with RSI above 80 level.
3 - Wait for a new Swing HIgh but RSI is lower - DIVERGENCE.
4 - ENTER on breakout candle close below 1st candle's low.
5 - Stop Loss above new swing high.
6 - EXIT with a 1 to 3 risk reward Take Profit.
Add RSI to chart
Adjustments:
14 period, to 8.
70 and 30 lines, to 80 and 20.
This indicator comes standard on most trading platforms. You’ll just need to make the adjustments above.
Step 1 - Find the currency pair that is showing a high the last 50 candlesticks. (OR low depending on the trade)
The 80-20 Trading strategy can be used for any period. This is because there are reversals of trends in every period. This can be a swing trade, day trade, or a scalping trade. As long as it follows the rules, it is a valid trade. We also have training for building a foundation before a forex strategy matters. In this step, we only need to ensure it is the low or the high of the last 50 candles.
Step 2 - Using the RSI Trading Indicator:
When we find 50 candle high, it needs to be coupled with RSI reading 80 or higher. (If it’s low it needs to be combined with the RSI reading 20 or lower.). We have a reading that hit the 80 line on the RSI and was the high the last 50 candles.
Once we see that we had a high, the last 50 candles, and the RSI is ABOVE 80, we can move to the next step. Remember that this strategy is a reversal strategy. It is going to break the current trend and move the other direction.
Step 3 - Wait for a second price (high candle) to close after the first one that we already identified.
The second price high must be above the first high. Although, the RSI Trading indicator must provide a lower signal than the first. Remember that divergence can be seen by comparing price action and the movement of an indicator. If the price is making higher highs, the oscillator should also be making higher highs. If the price is making lower lows, the oscillator should also be making lower lows. If they are not, that means price and the oscillator are diverging from each other. Which is why it’s called “divergence.”
Just because you see a bullish or bearish divergence, doesn’t mean you should automatically jump in with a position. We have rules in place that will capitalize on this divergence so that we can make a significant profit. Keep in mind, that this step may take time to develop. It is very important to wait for this second high because it gets you in a better trade making position.
Price goes up/RSI goes down. That is the Divergence. Remember that our example is a current uptrend looking to break to the downside. If this was a 50 candle low, we would be looking at the exact opposite of this step.
Step 4 - How to Enter the Trade with the RSI Trading Strategy.
The way you enter a trade is very simple. You wait for the price to head in the direction of the trade and wait for a candle to close below the first candle that you identified that was previously 50 candle high.
Step 5 - Once you make your entry, place a stop loss.
To place your stop, bump back 1 to 3 time periods and find a reasonable, logical level to put your stop. You are looking for prior resistance or support.
We placed our stop below this support area. That way if the trend continued and did not break, it could hit this level and bounce back up in our direction.
Step 6 - I recommend you follow at least a 1 to 3 profit vs. risk level. This will ensure that you are maximizing your potential to get the most out of the strategy.
You can adjust as you wish. Keep in mind that most successful strategies that identify breaks of a trend use a 1 to 3 profit vs. risk level.
BTCUSD: Does opinion of crypto influencers matter?Influencer Social Market Sentiment is one of the 6 types of social alerts that RoninAi project is producing.
The 6 types of social alerts are presented below:
1. Market Manipulation Alert
2. Market Trend Reversal Index
3. Market Trend Intensity Indicator
4. Market Top and Bottom Index
5. Influencer Social Market Sentiment
6. Institutional Volume Signals
When Crypto Influencers speak up on Twitter, we collect their tweet sentiment and produce an index.
Recent results of how Influencer Social Market Sentiment caught the recent rally?
Entry: Jul 4, 2020 at 2:09AM EST
Exit: Jul 8, 2020 at 7:16PM EST
Return = 3.9% with almost no drawdown.
These Social Alerts are good for COINBASE:BTCUSD , COINBASE:ETHUSD , COINBASE:LTCUSD , COINBASE:BCHUSD , and COINBASE:XRPUSD .
For more info, feel free to drop your questions in the comments.
CRYPTO INVERTED HAMMER/SHOOTING STAR STRATEGIES This is the Shooting Star version of the strategy. Inverted Hammer just opposite.
Step #1: Attach the Chaikin Money Flow Indicator on your Preferred Time Frame
Start first by preparing your charts ready for the battle. Simply attach the Chaikin Money Flow indicator on your favorite time frame. This is the only additional technical tool we’re going to use to confirm the validity of the bearish shooting star pattern.
Using the CMF indicator, we accomplish one major thing.
The validity of the bearish shooting star will be confirmed or invalidate instantly as soon as the bearish inverted hammer develops on our Bitcoin candlestick chart. This means that the price won’t move any further from the ideal entry price.
Step #2: The Shooting Star Candle should come after a strong bullish trend
The location, or where the shooting star candlestick develops, matters a lot.
This whole ingredient is what makes the bearish shooting star candle performs with such a high degree of accuracy. We need a strong uptrend that has two important features:
The first part of the trend is a slow and steady move to the upside
The last part of the uptrend, prior to the shooting star candle, needs to be more volatile.
Basically, we’re looking for a full-blown market top where the bulls are exhausted and reach a climax point.
Step #3: The CMF indicator must be below the 0 lines once the bearish shooting star candle develops
Chaikin Money Flow is a great tool to read and measure institutional accumulation-distribution activity in any market. Basically, a CMF reading below the zero line shows that the sellers have the upper hand and they took control of the market.
Notice that the bearish shooting star spotted satisfies all the requirements of a bearish inverted hammer. The shadows are at least two times longer than the body, small body, and very little lower shadow. This candle would have been more powerful if the closing price is below the opening price.
But it’s still a good pattern to trade due to all the other features.
Now, it’s time to highlight how to find the right entry point for bearish shooting star candlestick.
Step #4: Sell once we break the low of the Shooting Star Candle
Simply place a limit sell order below the low of the shooting star. Nothing complicated about our entry strategy. It’s in line with the textbook rule.
Step #5: Hide SL above the high of the Shooting Star Candle.
Simply hide your protective SL above the high of the shooting star pattern. You can add a buffer of a few pips if you wish to protect against possible false breakouts.
The full-blown top creates the necessary space where the bears would find no level of support to stop the drop. The last stage of a trend has been always more volatile. When combined with the reversal shooting star pattern, it makes for a killer trading strategy.
Step #6: TP when we get inside the slow part of the prevailing trend.
In this regard when the price reaches the portion where the prevailing uptrend was moving slow, we take profits. That’s where the price will find some hostility to advance further on the downside. We want to clear out our position when that happens.
Conclusion – Best Shooting Star Strategy
The best shooting star strategy is one of the most reliable and efficient ways to trade trend reversals. This single candlestick pattern can offer you one of the most attractive risks to reward ratios. You can risk between 10 and 30 pips and look to gain between 200 and 300 pips which gives you a profit of 20x or 30x the risk taken.
Take that into consideration next time when you’re able to find a shooting star candle that satisfies all the rules outlined in this trading strategy guide.
A lot of traders will warn you against reversal trading. However, finding tops in the market and trading reversals can be done successfully if you have a proven methodology like our shooting star candle strategy.
🥇 How We Use Our Strategy With Split Times. (Trading Strategy)👋 Hello, I hope everybody is having an awesome week with their trades! 😁
We here at MLT | MAJOR LEAGUE TRADER want to walk you through our time split system with the crossover strategy and the ema dots indicators. Let's take a look...
So what we will be using in this example today is USO (United States Oil Fund)
Top chart (12 Hour Timeframe)
Bottom chart (1 Day Timeframe)
All markets have trends and at the end of the day your job as a trader is to play the accumulation or the distribution zones aka turning points in the markets to ride the next trend. We use this color coordinated system to help identify when a turning point is taking place in whatever market it is that you're trading. You can apply this method to any chart timeframe. If you want to scalp the 30 min, then you would have a 30 min chart and a 15 min chart. Split the gimeframe that you are focused on playing. We use the split time for an earlier confirmation play to lead into a larger timeframe to secure that early entry for the bigger swing to confirm and play out. We also will use the split time to exit the trade when we get the sell confirmation. (Long / Short | Buy / Sell)
Now let's talk about the process...
Green represents an uptrend.
Red represents a downtrend.
When the 12 hour timeframe on top closes we will get either a green or red candle / ema dot close.
Same with the daily chart on the bottom.
Simple...
So what we look for is the early entry on the 12 hour. We want the candle to turn green, preferably a doji. (Candle that looks like a plus sign, tight price compression)
We want it to close green candle and all 3 dots below to align green with the close. If only 2 dots out of the 3 are green we do not enter! Same concept for red.
We will get the signal for a buy on the 12 hour before we do on the daily meaning that we will secure a better entry price vs just using the daily by itself.
Once you get confirmation on the 12 hour we hold that position and set a tight stoploss in case if it was to sell off. Once you take the buy you place your stoploss, diversify your funds and let it play out. If you get stopped out than you get stopped out. Take the trade and let it play out. As the 12 hour begins to close every 12 hours you will either see it start to form bigger green engulfing candles which shows buyers are pushing up the price, which is a good sign for your buy or you will start to see it shift towards going red which would obviously represent a sale or a short position.
Your job is to play the turning points in the markets and play that turning point range till you capture the next move. Markets go up and down, they don't stay sideways forever. Risk a little on stoploss in the range play and ride the next long term move. Trading is a game of probability and risk management. Even if you don't understand structure, support and Resistance or all the more advanced tools of the trade this will help make it easier on you to understand as a trader. SIMPLE IS BETTER! 👍
I have drawn vertical lines to represent where the buys and sells all lined up from the candles to the dots. Those are your opportunities to enter on the 12 hour.
Now if you look below you see that the daily actually stayed green from the very start of the first trade taken at the bottom of the trend on the 12 hour. The dots on the daily never closed red until the very top of the trend where we finally got all red to line up. That's another option to consider. You can use the split time to take more opportunities and trades for potential of trend changes. Or you can buy the first line up on the 12 hour and hold it till the daily is actually aligned red for a much larger swing trade position. If you did the second option you would of generated around 50% in gains from just one trade!
I hope this helps anybody that is struggling with trading and wants to learn how to get early trend confirmation on a specific timeframe that you want to trade. Swing trade or day trade any market with this strategy!
You can message me if you have any questions that you would like to ask. Please don't forget to smash that like button! ✌😁✌
Have a great day, Take Care! 🍻🍻🍻
🥇MLT | MAJOR LEAGUE TRADER
#ETH hedging opportunity on ETH hourly chartWe have found a perfect hedging opportunity on ETH hourly chart.
We have symmetric triangle formation on ETH hourly and also the chart is ranging between 240-246 , so there comes the perfect hedging opportunity.
HEDGE ETH @242.5-243.5
Close long @ lower breakout - 239
close short @ upper breakout - 246
ETHUSD 15M (OR 5M) Day Trading Cryptocurrency Day Trading Cryptocurrency – How To Make $500/Day with Consistency
Would you like to learn day trading cryptocurrency and make a consistent $500 per day? We often hear about all the money you can make by day trading stocks. But what about crypto day trading? In today’s lesson, you’ll learn how to day trade cryptocurrency using our favorite crypto analysis tools.
Our team at Trading Strategy Guides is lucky to have over 50 years of combined day trading experience. We’re going to share with you what it takes to day trade for a living, and hopefully, by the end of this trading guide, you’ll know if you have what it takes to succeed in this business.
First and foremost, when day trading, it’s essential to have a structured approach and a rule-based strategy. The same as swing trading or positional trading you are not going to trade every day, and you’re not going to make money every day. So, you need a day trading cryptocurrency strategy to protect your balance.
The high volatility nature of Bitcoin and other cryptocurrencies has made the crypto market like a roller-coaster. This is the perfect environment for day trading because during the day you’ll have enough up and down swings to make a decent profit.
Moving forward, we’re going to teach you what you need to learn how to day trade cryptocurrency and we’re going to share some out-of-the-box rule-based day trading strategies.
How to Day Trade Cryptocurrency
The crypto market’s unique characteristics require you to have a firm understanding of how it works. Otherwise, your experience can be like skydiving without a parachute.
The good news is that we’re going to provide you with everything you need to survive crypto day trading.
Day trading the cryptocurrency market can be a very lucrative business because of the high volatility. Since the crypto market is a relatively new asset class, it has led to significant price swings.
Before day trading Bitcoin or any other altcoins, it’s prudent to wait until we have a high reading of volatility. The good news is that even when we have a low reading of volatility relative to other asset classes, this volatility is still high enough that you can generate a modest profit on your trades.
Crypto day trading also requires the right timing and good liquidity to make precise entries.
A lot of the cryptocurrencies and crypto exchanges are very illiquid and don’t have the liquidity to offer instant execution that you might find when trading Forex currencies.
Before day trading Bitcoin or any other alt coins, it’s also important to check how liquid the cryptocurrency you wish to trade is. You can do so by simply verifying the 24-hour volume of the crypto trade.
CoinMarketCap is a good free resource to read and gauge the market volume of any particular coin.
Note* Always remember that not having enough liquidity could lead to substantial slippage and subsequent to bigger losses.
As previously stated, crypto day trading doesn’t require trading every single day. We only like day trading cryptocurrencies when all the conditions align in our favor. In this case, avoid trading on weekends and limit trading only on the highest-volume days.
Crypto Day Trading Strategy
The idea behind crypto day trading is to look for trading opportunities that offer you the potential to make a quick profit. If day trading suits your own personality, let’s dive in and get through a step-by-step guide on how to day trade cryptocurrency.
Now, before we go any further, we always recommend taking a piece of paper and a pen and note down the rules of this scalping strategy.
In this article, we’re going to look at the ‘buy’ side.
Pick up Coins with High Volatility and High Liquidity
As previously discussed, the number one choice you need to make is to pick coins that have high volatility and high liquidity. If you’re not day trading Bitcoin, which is the most liquid coin out there, and you like the altcoins, try to pick those coins that have good liquidity and volatility.
There are more than 1600 coins on the market and growing. By following only the top cryptocurrencies, you’ll reduce your area of selection.
Day trading smaller cryptocurrencies can also be a very lucrative business, but there are higher risks. Remember, crypto prices can crash just as fast as they have risen.
Step #1: Apply the Money Flow Index Indicator on the 5-Minute Chart
This specific day trading strategy uses one simple technical indicator, namely the Money Flow Index. We use this indicator to track the activity of the smart money and to gauge when the institutions are buying and selling cryptocurrencies.
The preferred settings for the MFI indicator are 3 periods.
We’re also going to alter the default buying and selling levels from 80 to 100 and respectively from 20 to 0.
Step #2: Wait for the Money Flow Index to reach the 100 level
An MFI reading of 100 shows the presence of the big sharks stepping into the markets. When buying, smart money can’t hide their footsteps. They inevitably leave tracks of their activity in the market and we can read that activity through the MFI indicator.
Technical indicators aren’t always right, so in order to fine-tune our day trading strategy, we’ve added a few more conditions. Namely, during the current day, we need to skip the first two MFI readings of 100 and study the crypto price reaction.
The price needs to hold up during the first and second 100 MFI reading.
If the price drops after the first two MFI 100 readings, then this suggests that most likely we’re going to have a down day.
Let’s now determine the appropriate place to go buy Bitcoin and what are the technical conditions that need to be satisfied.
Step #3: Buy if MFI = 100 and if the subsequent candle is bullish
We can now wait for the third MFI reading above 100. It doesn’t necessarily have to be the third MFI = 100 reading, you can take every other MFI = 100 readings. If your time doesn’t allow you to catch the third 100 reading on the MFI indicator, you can simply pick the next one as long as all the other technical conditions are satisfied.
Next, we also need the candlestick when we got the MFI = 100 reading to be a bullish candle. The close of this candle needs to be near the upper end, giving us a candle with very small wicks.
Step #4: Hide your protective Stop Loss below the low of the day. Take Profit during the first 60 minutes after you opened the trade.
The obvious place to hide your protective stop loss is below the low of the day. A break below it will signal a shift in the market sentiment, and it’s best to get out of the trade. This can also signal a reversal day.
Step #5: We’re more flexible when it comes to our exit strategy. However, the only rule you need to abide by is to take profits during the first 60 minutes or the first hour after your trade got triggered. Holding the trade longer than one hour will result in a lower success rate. At least that’s what our backtested results showed us.
Conclusion – Crypto Day Trading
If you took the time to read the whole day trading crypto guide, then you should be able to buy and sell Bitcoin and alts and make some daily profits. If you are interested in learning how to day trade cryptocurrency, be sure to equip yourself with enough information before diving into the market.
Crypto day trading can be a great way to grow your crypto portfolio and it’s a very lucrative alternative to the holding mentality that it’s crippling the crypto community.
Making a living day trading cryptocurrency can be a lot easier due to the high volatility nature of the crypto market. High volatility suits day trading very well, so you have the right environment to succeed.
#ETHBTC facing falling trendline on higher timeframeFor now #ETH/BTC facing falling trendline on higher timeframe we're unable to break above this line in last two attempt let's see if #altsking can close daily candle above this line which will confirm breakout
For short term keep an eye on these levels
Resistance level - 0.0255/0.0260/0.0266
Support level- 0.024/0.0235
The Money Making System! (BTC)Hello all, I would like to walk you through our system if you're curious to know how we look for easy buy and sell signals.
The top chart is the Crossover strategy that we provide in our course.
The bottom 3 charts are the ema dots a custom tool created by MLT.
We have different settings applied to the bottom 3.
What we really want to look for is when all indicators are aligned with all colors firing the same for a buy or sell entry.
It's as easy as that! This works perfectly with high liquidity assets in any market.
You can use this system for daytrading and swingtrading, be aware though that this does work a lot smoother with larger timeframes for good size swings.
Spend less time trading and look for the colors to match.
You can check out this indicator in my scripts.
I hope we can help you become a better trader with our custom trading system, tools and strategies today!
Message me if you have any questions, thanks for your time.
Have an awesome day! 😁✌
🥇MLT | TRADE LIKE A PRO
XProfit and DreamBot for a 20X-40X/ year. Strategy detailsHello traders,
Here is in details how Xprofit works with DreamBot.
How the signals are placed.
And what it takes to make 20X -40X of the total account in a period of a year.
You will see how it works.
Example :
Let's say you start the year with a $1,000 investment on DreamBot. That would make you a starting balance of 5ETH (since 1 eth is currently trading at $200).
XProfit gives a net profit without leverage of 600%-800% per year. With leverage of 2 used by DreamBot automating everything it gives you a net profit of 1200%-1600%. Let's take the average of those which would be 1400% net profit per year on total account balance including leverage.
End of the year you would end up with 5 ETH ( initial investment) x 14 (1400% Net profit = x14) = 70 ETH
End of the year price of ETH: (hypothesis)
If 1 ETH = 200$ --> 70x200= $14,000
If 1 ETH = 300$ --> 70x300= $21,000
If 1 ETH = 400$ --> 70x400= $28,000
If 1 ETH = 500$ -->70x500= $35,000
If 1 ETH = 600$ -->70x600= $42,000
This is to give you an idea on what is possible if you have a clear plan which is automated...
links below to join the group ;)
cheers
Special analysis for Ethereum/Bitcoin to earn!!!Wow, guys, we are in the armonic pattern in daily, with a possible to make a buy in the 1.27 or 1.618 of Fibonacci. So, this is very interesting to take in see it.
www.tradingview.com
And also, we are in weekly in the bearish channel, and we are touch in 3 ocasitions a strong support in monthly and this is a good indication that Ethereum has going to the moon in the next altseason and also the some fundamentals of the Ethereum 2.0. If you did hear that? So, for me it's very interesting to accumulate Ethereum to buy and buy and buy more and more Ethereum and make the capital. I think that Ethereum it's will become one of the best cryptoindustry and crypto blockchain. So, this technical analysis is like a tutorial to take in still pendent if Ethereum has make a movement parabolic and bullish
ETHUSD 30M CAMARILLA PIVOT TRADING STRATEGYDay Trading Camarilla Pivot Trading Strategy
Mean reversion day trading inherently has lower profit margins with Camarilla pivots. The reason behind this is very simple due to the proximity of the Camarilla points with the price action you’re left with lower profit margins.
So, from the start, you have a handicap that as a trade you need to overcome.
Trading is all about finding those situations where we maximize our profits and minimize the risk.
That’s the reason why we prefer trading breakouts of the Camarilla pivot points. The profit potential is far greater. However, in order to confirm our breakout trade, we’re going to throw in another indicator.
So, what’s the best combination with the Camarilla pivot points?
The CCI or Commodity Channel Index can be used in combination with Camarilla points to confirm breakouts.
Learn more about how the pro’s trade using the CCI trading system HERE.
So, what are the rules to confirm the Camarilla pivot point breakouts?
There are two rules:
For bullish breakout trades above the resistance R4, we need to see a CCI reading of +100 at the moment the breakout happens.
For bearish breakout trades below the support S3, we need to see a CCI reading of -100 to confirm the breakout.
Note* an effective way to hide your protective stop loss would be below (above) the resistance R3 (support S3).
You determine your own TP.