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How to trade parallel channels? Parallel channels strategyHow to trade parallel channels? Parallel channels trading strategy In trading, a channel is a vital element of technical analysis that traders often and effectively use. Identifying a channel in technical analysis involves constructing support and resistance lines that define the zone within which prices move. Simply put, a price (trend, trading) channel is a combination of at least two lines: a support line and a resistance line. These lines are fundamental to any trading channel, helping traders understand market psychology and price movements. Support Line: This line indicates the price levels where a downtrend may halt due to a concentration of demand. It’s typically the point where the price stops falling and may even bounce back upward. Resistance Line: The opposite situation occurs here. This line shows the price levels where an uptrend is likely to stop or reverse due to a concentration of supply. Channels reflect changes in supply and demand influenced by various fundamental factors. There are different types of channels based on the trend they represent: Upward (Bullish) Channels: Constructed on higher highs and higher lows, indicating a rising market trend. Downward (Bearish) Channels: Built on lower highs and lower lows, indicating a falling market trend. Horizontal (Flat) Channels: Used in markets without a pronounced trend, where prices move sideways within a range. Channels can also be categorized based on their time frame: Long-term Channels: Often used by investors who aim to profit from major market trends. These channels can span weeks, months, or even years, providing a broader perspective on market movements. Short-term Channels: Typically used by day traders or those looking to capitalize on smaller market movements within a shorter time frame, ranging from a few minutes to several days. To build a bullish channel, identify two rising lows and draw a support line through them. Then, draw a parallel resistance line through the intermediate high between these lows. The key rule when constructing a trend channel is that the price should frequently and clearly bounce off the channel boundary, confirming its validity. The more the price bounces off the channel boundary, the more noticeable the channel becomes to other market participants, increasing the likelihood of a breakout. The price may experience a false breakout of the channel boundary. Considering the volatility of popular markets, traders should allow the price some freedom to make a false move and temporarily exit the channel. A false breakout followed by a return to the channel can also be seen as a pattern that confirms the channel’s validity. Why I Prefer Horizontal Channels Over Trend Channels: Subjectivity: Trend channels can be subjective, as different traders may draw them differently, leading to varied interpretations. Price Tests: The price may test the channel lines with near misses or overshoots, which can mislead market participants. Profit Limits: Trading within narrow ranges can limit profit potential, making horizontal channels more reliable in such scenarios. Traders use channels in various strategies to maximize their trading opportunities: Buying at Support and Selling at Resistance: This strategy involves trading based on the expectation that the price will bounce back into the channel, possibly using a median line as an additional guide. Stop Losses : Place stop losses at a reasonable distance behind the channel line to manage risk effectively. Take Profit: Set take profit levels to ensure a favorable risk-to-reward ratio, maximizing potential gains while minimizing losses. Use Channels as One Tool Among Many: While channels are valuable, they should be used alongside other tools and indicators for a well-rounded trading strategy. Aggressive Trading: Some traders may buy or sell during breakouts, but this approach carries higher risks, especially given the prevalence of false breakouts. Most breakouts turn out to be false, with major players taking positions from traders who have placed their stop orders just beyond the level, causing the price to quickly revert. However, if the price breaks through the upper boundary of the channel and holds above it, it may indicate strong bullish sentiment. A strong impulse breaking through the upper boundary at high volumes suggests a bullish market sentiment, and the price’s return to the moving average after breaking upward presents an excellent buying opportunity. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
How To Find Strongest Altcoins : TutorialNavigating the world of cryptocurrencies can be like embarking on a treasure hunt, and today, we'll discuss the art of finding robust altcoins. AVAX and INJ serve as excellent examples of how to identify strong performers. Comparing AVAX with Bitcoin: When searching for strong altcoins, it's crucial to compare their performance against the market leader, Bitcoin. A compelling example is AVAX, which, during a specific period, saw a decline of 21% while Bitcoin surged by 108%. This discrepancy highlights AVAX's relative weakness during that time. INJ's Remarkable Ascent: On the other hand, INJ paints a different picture. When we compare its performance with Bitcoin, we witness an incredible 973% increase. INJ not only kept pace with Bitcoin but outpaced it significantly. This type of performance makes INJ a prime candidate for those seeking strong altcoins. The Takeaway: When hunting for strong altcoins, it's crucial to perform relative strength assessments against Bitcoin. While Bitcoin remains the benchmark, the altcoins that can surpass it or at least keep up with its pace are often the ones to watch. Trading Strategy: Comparison is Key: Continually compare altcoins with Bitcoin and monitor their relative strength over time. Risk Management: Implement sound risk management practices, especially when dealing with the crypto market's volatility. Stay Informed: Stay updated on the fundamentals and developments related to the altcoins you're considering. Conclusion: The cryptocurrency market is a dynamic landscape filled with opportunities, and identifying strong altcoins is a skill worth honing. The performance of altcoins concerning Bitcoin can provide valuable insights into their potential. As you embark on your quest for strong altcoins, remember that the crypto world is ever-evolving. Stay informed, trade wisely, and may your search lead to success. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
INDEX:BTCUSDEducation
by AlexWhale
1
Caution : Hidden Bearish Divergence 🧐📉Understanding Hidden Bearish Divergence: Hidden bearish divergence occurs when the price of an asset is making higher highs, but the RSI indicator is forming lower highs. This creates a discrepancy between price action and momentum, suggesting that the bullish trend may be losing strength beneath the surface. Why Hidden Bearish Divergence Matters: Hidden bearish divergence is a sign of weakening bullish momentum, potentially signaling an impending trend reversal or correction. It can be subtle and easy to miss but may be an early warning of a trend shift, especially on longer timeframes. Proceeding with Caution: If you spot hidden bearish divergence on the Bitcoin chart, it's essential to exercise caution rather than panic. Consider it as a potential indication that the bullish trend may be losing steam, not an immediate sell signal. Confirm your analysis by looking at other technical indicators and market factors. Risk Management and Strategy: Implement effective risk management strategies, such as stop-loss orders, to protect your investments. Diversify your portfolio to spread risk and avoid overexposure to a single asset. Be prepared to adapt your trading strategy based on evolving market conditions. The Bigger Picture: Remember that hidden bearish divergence is just one piece of the puzzle. It's crucial to consider other factors like market sentiment, fundamental analysis, and macroeconomic trends. Stay informed about news and events that can impact the cryptocurrency market. Conclusion: Hidden bearish divergence can be a valuable tool for traders and investors, providing insights into potential shifts in market dynamics. However, it's not a guaranteed sell signal. Instead, it's a call to be vigilant, manage risks, and stay adaptable in your investment approach. In the world of cryptocurrency, where volatility is the norm, being a savvy investor means paying attention to both the obvious and the subtle signals. By doing so, you can make informed decisions that are more likely to lead to successful outcomes. Remember, a well-rounded approach to analysis and risk management is your best ally in navigating the crypto market's twists and turns. 📊🧐🚀
INDEX:BTCUSD
by AlexWhale
High vs Low in Time-frame Decisions🕒🚀🕒 Big Timeframes: Imagine looking at a painting from a distance – that's the essence of big timeframes. Daily, weekly, and monthly charts offer a broader view of an asset's performance over extended periods. They help you identify long-term trends and major price movements. 📊 Small Timeframes: Now, picture examining a single brushstroke – that's small timeframes. Hourly and minute charts provide granular details of short-term price action. They're useful for spotting quick trading opportunities and assessing market sentiment in the moment. 💡 Investment Approach: When it comes to investing, consider your goals and risk tolerance. Big timeframes are great for long-term investors who prioritize stability and are willing to ride out market fluctuations. Small timeframes suit traders looking to capitalize on short-term price movements. 🚀 Finding Balance: There's no one-size-fits-all answer. Many investors use a combination of both big and small timeframes. Large timeframes provide context, while small timeframes offer insights into entry and exit points. So, what's the takeaway from this timeframe comparison? 📈 It's about understanding that different timeframes offer unique insights. Whether you're a patient investor or an active trader, the key is to align your timeframe with your investment strategy. Stay curious, stay adaptable, and remember – the art of investing involves choosing the canvas that best suits your artistic vision! 🎨🚀
Education
by AlexWhale
Poker + Trading = Winning HandHello dear @TradingView community! Today let’s focus on how Poker game enhances trading excellence. In the sports, athletes often engage in cross-training to prevent injuries and boost performance. For instance, football players explore swimming and weight trainings, while runners embrace activities like hiking and cycling. But have you ever considered a form of mental cross-training that could significantly improve your trading skills? Enter the arena of virtual poker. Picture this: Poker and trading, both sedentary pursuits where your mind takes center stage. In the same way athletes focus on honing specific muscle groups, traders must nurture their mental agility. In this realm, poker emerges as potent tool for refining skills that transcend the trading landscape. 1. Risk Management: A Calculated Gamble In the world of poker, going "all in" can swiftly lead to losing everything on a weak hand, much akin to the risks of trading. Strategic players understand the value of managing risks. Just as traders avoid recklessly investing their entire capital, poker players refrain from putting all their chips on the line. The lesson is clear: prudent risk management is the bedrock of success. When trading, the rule of never jeopardizing more than 1% of your account on a single trade reigns supreme. This practice mimics poker's ante system, where even a $100 buy-in allows you to engage in up to 100 hands, each risking only 1%. By staying in control and considering odds, both poker players and traders minimize the chances of "blowing up" their hard-earned gains. 2. Emotional Mastery: The Art of the Poker Face A trader's prowess lies in following set rules and staying emotionally neutral. In trading, think "Spock-like" focus, or the legendary "poker face." Concealing emotions and making calculated moves regardless of the hand you're dealt defines success. Just as a poker player keeps a straight face to prevent opponents from reading their hand, traders curb emotional impulses that can lead to hasty decisions. 3. Probabilities and Persistence Ever heard the phrase "You gotta be in it to win it"? While it may apply to lotteries, poker and trading echo a more nuanced sentiment. In both arenas, it's about understanding the odds and playing consistently. Just as a skilled poker player capitalizes on favorable odds to raise the stakes, traders must recognize high-probability patterns and seize opportunities. 4. Humility: Staying Grounded in a Fickle Realm In poker, overconfidence can be fatal. The same rings true in trading. A winning streak can inflate one's ego, leading to rash decisions. A humbling poker loss teaches the crucial lesson of respecting probabilities and staying vigilant. By acknowledging that the market, like the poker table, is unpredictable, traders guard against costly mistakes borne from hubris. 5. Setting Financial Goals: Knowing When to Fold Casinos shower players with perks, knowing the allure of winning often overshadows rationality. Similarly, traders who've experienced an early-session surge often squander gains through overtrading. Establishing a financial target and having the discipline to "fold" when achieved prevents pitfalls fueled by greed. Just as a poker player may walk away after doubling their money, traders secure profits by adhering to predefined goals. 6. Community and Learning: The Power of Like-Minded Allies Thriving in a community of dedicated individuals fuels growth. Poker players and traders alike benefit from shared insights and experiences. Engaging in online poker communities or joining global poker circles offers a haven for mutual learning. As traders refine their craft, they unlock not only poker prowess but also a deeper understanding of market dynamics. Intriguingly, virtual poker emerges as an unexpected but valuable ally for traders seeking to enhance their skills. It's more than a game; it's a training ground for honing the mental acuity vital for success in trading's challenging realm. So, are you ready to deal your hand and sharpen your trading edge? Remember, whether you're at the poker table or the trading desk, calculated moves, emotional control, strategic thinking, and community engagement are your aces in the hole. Best of luck, and who knows, maybe we'll even cross paths at the poker table one day!
INDEX:BTCUSDEducation
by Vestinda
Magic of Fibonacci Levels ✨In the realm of technical analysis, few tools capture the imagination of traders as effectively as Fibonacci retracements and extensions. Derived from the famous Fibonacci sequence, these levels offer insights into potential price reversals, extensions, and trend continuation points. In this article, we'll delve into the world of Fibonacci levels and explore how to use them to enhance your trading decisions. Understanding Fibonacci Retracements: Fibonacci retracement levels are like hidden treasures ✨ along a price trend. These levels, calculated from a swing high to a swing low, create horizontal lines that indicate potential support and resistance levels. The most common retracement levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%. How to Use Fibonacci Retracements: Identify a Trend: 📈📉 Begin by spotting a clear trend, either upward or downward. Select Swing Points: 🏞️ Locate the pivotal swing high and swing low within the trend. Plot Fibonacci Levels: 📏 Put those retracement levels on your chart, and watch as they highlight potential support or resistance areas. The Application: Support Levels: 💪🛡️ During an uptrend, traders often see retracement levels as potential buying zones. Resistance Levels: ☔ In a downtrend, these levels can be seen as possible areas to consider short trades. Understanding Fibonacci Extensions: Fibonacci extensions act like a crystal ball 🔮 projecting potential price targets or levels where the trend might extend. Extension levels include 161.8%, 261.8%, and 423.6%. How to Use Fibonacci Extensions: Identify a Trend: 📈📉 As with retracements, spot a well-defined trend. Select Swing Points: 🏞️ Determine the significant swing low and swing high within the trend. Plot Fibonacci Extension Levels: 📏 Add those extension levels to your chart, projecting potential price targets. Few examples : The Application: Projection of Trend Continuation: 🚀 Fibonacci extensions hint at where a trend might continue in its existing direction. Price Targets: 🎯 Traders often utilize extension levels to pinpoint potential price areas before a reversal might occur. Conclusion: Fibonacci retracements and extensions are like wizardry in the trader's toolkit. By grasping these levels and their applications, traders can create more informed strategies for entry, exit, and target levels. Remember, while Fibonacci levels are magical, they work best when combined with other technical indicators and chart patterns. As with any trading strategy, practice, experience, and risk management remain essential. With careful consideration and diligent analysis, Fibonacci levels can sprinkle a touch of enchantment to your trading endeavors. 📊✨
Education
by Yaroslav_Krasko
The Simple Plunge StrategyHello dear @TradingView community! Welcome to @Vestinda, your trusted trading companion in the ever-changing world of financial markets. Our team is passionate about giving traders like you the tools and knowledge to make smart decisions and achieve your investing and trading goals. At Vestinda, we know that successful trading involves using effective strategies, analyzing the market, and managing risk. That's why we sharing a strategy that can help you make the most of downward trends — The Simple Plunge Strategy. This strategy is designed to help you navigate downward movements in the market with confidence. It focuses on spotting specific patterns that occur during sharp drops in cryptocurrency prices. By understanding and applying this strategy carefully, you have the potential to increase your profits. The Simple Plunge Strategy involves looking for certain signs: a strong and sudden downward movement in price, shown by a big candlestick with high trading volume. After the drop, the price often recovers to levels seen when the candlestick opened. By closely watching how the price moves across certain boundaries, you can find good points to enter trades and set your profit targets and stop-loss levels. To use the Simple Plunge Strategy effectively, it's important to find the right entry points and manage your risk. You can find entry points by watching the price as it rises above the starting point of the candlestick with a big volume. To determine your profit target, you can use half of the candlestick range. And to manage risk, you can set a stop-loss order above the previous high point. This strategy can be used with different timeframes, but looking at 15-30 minute intervals can give you opportunities for quick trades. When applying the strategy to cryptocurrencies, look for coins or tokens that have experienced significant drops with high trading volume. Watch how the price moves above and across the starting point of the drop to find potential entry points. You can also find examples of Simple Plunge patterns on CEX platforms, which list various cryptocurrencies. Take a look at coins such as ETH, DOGE, and others to see instances where the price sharply drops and then rises again, indicating possible entry points. Remember, the Simple Plunge Strategy can also be used in reverse to identify opportunities during upward movements. A similar pattern often occurs when prices rise. We'd love to hear your feedback on the Simple Plunge Strategy. Have you tried this approach in your trading? Share your thoughts, questions, and experiences in the comments below. Let's have a lively discussion and support each other in the world of trading.
INDEX:BTCUSDEducation
by Vestinda
The Story Behind Bulls and BearsHello @TradingView family , this is @Vestinda, and let's have some fun and enjoy the markets together. Vestinda is driven to offer our knowledge in developing winning strategies and make traders tasks easier. This is The Story About Bulls and Bears. Bulls can lift things up, Bears can eat you for lunch. Who Are The "Bulls" And The "Bears" In The Market The terms "bulls" and "bears" are included in the trader's slang as the main categories of players in the market. Understanding the technique of the game will help you to understand the intricacies of how the market works. "Bulls" are buying investors. Like their totem, they lift the enemy up on the horns. "Bulls" buy, wait for the rising rate and sell at a higher price. They dream of a prosperous economy: the lower the unemployment rate, the higher the GDP, the faster markets grow. Warren Buffett - the most famous representative of the bulls . The Bears play on the opposite side. They earn on the depreciation, in a fading economy. Their ideal world is high unemployment, low GDP and large-scale crises. It all starts long before the collapse of the market: the “bears” buy on credit and immediately resell, artificially creating a drop in prices. After the price becomes cheaper, they are purchased again, but at a lower price, and the debt is repaid. The difference between the first and second purchases is the profit of the bears. 💲 How Bulls Make Money On The Market 💲 "Bulls" buy, when they are sure that the market will go up. Examples of situations where this is possible: 🟣 the shareholder enterprise has published a financial report, and the figures exceeded forecasts; 🟣 the new reform allows to pay less taxes, thereby increasing profits; 🟣 the company has introduced a new product, which, according to analysts, will be in great demand; 🟣 the level of well-being, salary and solvency of the population are growing, which has a beneficial effect on the company's profit. Bullish trades take time – you have to wait to make money. "Bears" are distinguished by shorter trades and the prospect of quick earnings. A red flag for the bulls is an increase in prices by 20% from the lows and the presence of strong prerequisites for further growth. The most favorable moment comes when there are more buyers than sellers on the market. 📍 There Are 4 Key Phases Of A Bull Market:📍 1️⃣ "bearish" trends are gradually fading; 2️⃣ the backdrop of negative news has ended, but there is no confidence in future growth yet, the market is moving sideways, the growth of prices alternates with a fall; 3️⃣ the economy is going up, volatility is decreasing, investors are optimistic; 4️⃣ the peak of growth, traders make easy profits. The market trends are cyclical, a bull market becomes overbought over time and inevitably turns into a bear market. The move up can be uneven, with periods of pullbacks and corrections, that provide an opportunity to profit on counter-trend trades. As a rule, prices didn't rise as quickly and unpredictably as they fall. Therefore, transactions in the "bullish" market are characterized by a longer period, the so-called "long positions". Both own and borrowed money, shares and other assets, which are returned after closing, act as collateral. Long positions are considered more stable, predictable and calm. Therefore the majority of market participants are "bulls" (or consider themselves so). In an uptrend, it's easy to choose an investment because almost everything goes up. However, the "bulls" need to be careful and remember, that there is no eternal growth, the market can be oversaturated at any moment, turning in the opposite direction. It is important for conservative traders to exit the game on time. 💲 How Bears Make Money On The Market 💲 The bears enter the arena during a downturn in the economy and prices. Their tactic is to sell at the beginning of a downtrend and then buy at the end of a downtrend. If they guess the high and low points of the bear market, they will receive the maximum margin. Examples of situations, that will play into the hands of this category of traders: 🟣 there were large-scale economic crises, force majeure situations, natural disasters, epidemics, wars; 🟣 the shareholder enterprise found itself in the center of a scandal or changed its general director; 🟣 sales of the new product failed. A "bear" market comes into its own, when prices fall by 20% from the maximum. There are 4 main stages of the trend: 1️⃣ the bull market is oversaturated and goes into overbought phase; 2️⃣ against the backdrop of negative sentiment, prices fall sharply, and trading activity decreases, panic arises on the market; 3️⃣ prices fell quite strongly, but continue to gradually decline, at this time “bears” enter the market en masse; 4️⃣ seduced by cheaper prices, conservative investors become more active, due to which the market gradually turns in the opposite direction. Thus, the "bear" market is gradually replaced by a "bullish" one. Can a Bull become a Bear? In fact, these divisions are rather arbitrary, they were created by exchange slang. Officially, in the market, you do not need to indicate yourself in which category you belong, so no need to be a bull or a bear all your life. Traders' strategies are good because they can be adapted or completely changed to specific conditions on the exchange. It's not always possible to sell shares at the maximum or buy at the minimum price, so you have to adjust to the average attitude. Therefore, a “bull” can become a “bear”, just like a “bear” can become a “bull”. Conclusion: What are Bulls and Bears in Trading? Bulls and Bears are two sides of the stock market. Bulls are traders who believe that the stock prices will go up, while bears are traders who think that the stock prices will go down. In trading, these two forces are constantly at work, and understanding their roles can help you make better decisions when it comes to investing. Bulls and Bears play an important role in trading as they provide insight on the direction of a particular security or market trend. By understanding their roles in trading, investors can more accurately predict future price movements and make more profitable trades. Dear friends, this is our first post. 😊 If you liked it, press <> 👍, share it on your social networks, groups - it will allow more people get interesting information, and we'll be able to delight you with new posts even more!♥️
INDEX:BTCUSDEducation
by Vestinda
4
How to trade Support and Resistance levels? BINANCE:BTCUSDTPERP Support and resistance levels - are price areas on the chart where the price has ever changed its direction. This place always attracts traders, because near the levels there are obvious places for setting stop losses and entering a trade. Also, there are always limit orders of large buyers or sellers near the levels. We can say that the level is the price area in the market, where traders consider the price to be too high or too low, depending on the current market dynamics. Therefore, it is always important to pay attention to key levels at which support and resistance have reversed roles or there has been a strong price rebound. We can designate support and resistance levels as the place in the market where traders are more willing to buy or sell, depending on current market conditions. This creates a collision zone between buyers and sellers, which often causes the market to change direction. What are levels? Support level is an area on the chart with the potential strength of buyers. The moment when buyers enter the market. The resistance level is an area on the chart with the potential strength of sellers. The moment when sellers enter the market with a large volume, which allows them to take advantage of the buyers and stop the price increase. When the price breaks the support level, the support becomes resistance. Conversely, if the price breaks through the resistance level, the resistance becomes support. - On higher timeframes, support and resistance levels gain more strength. It is important to pay attention to the nature of the price movement from the level: - If the price immediately turned from the level into the opposite trend, then this level can be considered significant. - If the price tests a certain area several times, making a small pullback, most likely, this level will be subsequently broken. How to draw levels on the chart? Support and resistance levels are not lines on the chart, but areas or zones. No need to try to draw them exactly according to the shadows or bodies of the candles. Strive to achieve the maximum possible number of price touches of the levels. This will usually require you to move the level up and down until you find a spot where the market touches that level the maximum number of times. You do not need to rewind the chart far to mark all the important levels. Most often, traders look only at the current monitor screen. Therefore, 100-150 candles will be enough. Most of the levels you will need will be based on price action over the past six months. Focus on key levels that are immediately visible. Don't draw too many levels on the chart. Try to keep only the main ones and discard the secondary ones. If you find yourself wasting too much energy looking for levels, you are probably drawing more levels than you really need. How to use support and resistance levels in trading? A level is a place for a possible entry into a trade. If an additional confirming signal appears at the level, you can think about opening a position. Stop losses are placed by levels and possible targets for profit fixation are determined. In books on technical analysis and on the Internet, you can often read that the more often the price tests the level, the stronger it is. But this is a gross mistake. In fact, the more the price touches the level, the weaker it becomes. Imagine that we have a support level. The price bounces from this level because there are buyers in the market. If the price often returns to the level, this means that buy orders are gradually being executed. And when they are fully executed, then who will buy? Therefore, when there are no buyers at all, the price breaks through the level. It is important not to forget that support and resistance levels are, first of all, zones, and not exact lines on the chart. Otherwise, you may encounter two problems in your trading: the price does not reach the level and the price goes beyond it. When the market gets close enough to the level without hitting it, you may miss the trade because you were expecting a trading setup to appear exactly at the level you chose. In a situation where the price goes beyond the level, you think that the level has been broken out and you try to trade the breakout, but this often turns out to be a false breakout. How to solve these two problems? Very simple. Always treat support and resistance as zones on your chart, not exact lines. How to find out what will break the level? As we already know, support is an area with potential buying pressure. Therefore, when the price approaches the support level, it should turn into the opposite trend. But what if this does not happen and the price starts consolidating at the support level? This is a sign of weakness as the bulls are unable to forcefully push the price up. Or there is strong selling pressure in the market. In any case, this situation does not look optimistic for the bulls and the support will probably not be able to resist. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
3
Risk On Risk Off Helpful Proces Spy VS Btc VS Dollar Dxylets review Risk On Risk Off Helpful simple process Spy VS Btc VS Dollar Dxy also Remember trading is risky . Hi traders over the past 28 years trading this correlation has been simple and helpful as an added barometer of assets movements that you can add and watch in your tradingview charts with no extra indicators. Over time the dollar has always been perceived as a strong stable currency and when people move dollar up it is usually perceived as a defensive move by market participants and therefore a risk off situation for speculative assets. Usually what is helpful lately is looking at the SPY vs BTC and compare to the dollar DXY representing safety. Usually dollar Up = SPY + BTC down = Risk Off and vice versa Usually dollar Down = SPY + BTC Up= Risk On Hope this video was helpful
AMEX:SPYEducation
by PowerIndicators
2
BTC.D : A quick note on bitcoin dominance and altsCRYPTOCAP:BTC.D Hello everyone 😃 Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it ! It is inevitable that at some points in the cycle, Bitcoin will outperform almost everything. With a few outliers of course. However, it's important that this doesn't change your game plan. Your game plan should already be set in motion. If you track your portfolio daily, both in USD and BTC, there are always fluctuations if you are holding a mixture of BTC, Alts and USD. It would be near impossible to maintain your portfolio's equivalent BTC value round the clock, unless of course you were all in BTC. I personally hold BTC as my base asset during bull runs (switching to USD at local tops or as near as I can) as well as moving to ETH as my base asset when ETHBTC looks set to out perform. However, it is inevitable that my alt coin holdings (spot) that I have accumulated will take a hit during a strong BTC run - so you may see your 'BTC worth' drop at times; However, I think of alt holdings like a coiled spring. When under pressure BTC, they bleed - and are suppressed. If you've accumulated at support, you need not to worry about the temporary drawdown in BTC, because in general alt coins out perform BTC in the right conditions, and so when bitcoin puts in a local top, altcoins regain their dominance and begin out performing. HOWEVER It is important not to be 'alt heavy' at times when the BTC dominance is at support. It is important to rotate the ratio of BTC:ALT:USD holdings to lessen the impact of alts bleeding at certain times in the market. For example, in January of this year, it was an amazing time to load up on altcoins given that BTC dominance was at resistance. We then saw astronomical gains in alts across Feb/March when BTC.D dropped like a rock. Then, in May when BTC.D hit support, the whole market tanked but alt coins got hit the hardest. Alts will lose value when BTC is volatile, in either direction. So it's important to balance the ratio of your holdings across BTC, alts and stables at certain times in the market. I pay attention to Bitcoin dominance more so for my spot holdings. For my trading account, every asset is simply a method of making a profit on percentage gains. So whether I'm trading BTC, ETH or alts - it doesn't matter as much. But for spot holdings, I generally want to cycle my ALT:BTC or ALT:USD holdings. When BTC.D is at support, I want to hold less alts. When BTC.D is at resistance, I want to load up on alts.
CRYPTOCAP:BTC.DEducation
by Helical_Trades
17
Relative Strength Index (RSI) From ScratchHello, traders! As you know, it’s rather difficult and, never the less, important task to define the «power» of price or it’s called momentum. However, many tools have been already invented to help traders. On of the most informative and easy-to-understand is Relative Strength Index. The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a coin.Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition. How to use? The most reliable way to use it is to define divergencies. If are not aware of what it is, use our cheat sheet to make your life easier. However, there are some other ways like defining the probable price reverse, catching TA patterns like double head, head and shoulders and so forth, but it’s kinda difficult to find them. As I have already said, it’s kinda ridiculous to use the only indicator to make strategy. You may Only use it as a tool that solve the specific problem like enter, closing, defining take profit and stop loss levels. Thus, guys, use it cleverly and build your profitable strategies.
by Skyrexio
3
Ultimate Oscillator From ScratchHi, traders! Oscillators are very important part of any trading strategy. It helps to find the momentum and gives rather reliable signals in conjunction with other indicators. Today we’ll speak about one of the most powerful oscillators – Ultimate Oscillator. Ultimate Oscillator uses the weighted average of three different timeframes and has less volatility and fewer trade signals compared to other oscillators that rely on a single timeframe. Buy and sell signals are generated following divergences. The Ultimately Oscillator generates fewer divergence signals than other oscillators due to its multi-timeframe construction. By using the weighted average of three different timeframes the indicator has less volatility and fewer trade signals compared to other oscillators that rely on a single timeframe. Buy and sell signals are generated following divergences. The Ultimately Oscillator generates fewer divergence signals than other oscillators due to its multi-timeframe construction. How to Calculate the Ultimate Oscillator -Calculate the Buying Pressure (BP) which is the close price of the period less the low of that period or prior close, whichever is lower. Record these values for each period as they will be summed up over the last seven, 14, and 28 periods to create BP Sum. -Calculate the True Range (TR) which is the current period's high or the prior close, whichever is higher, minus the lowest value of the current period's low or the prior close. Record these values for each period as they will be summed up over the last seven, 14, and 28 periods to create TR Sum. -Calculate Average7, 14, and 28 using the BP and TR Sums calculations from steps one and two. For example, the Average7 BP Sum is the calculated BP values added together for the last seven periods. -Calculate the Ultimate Oscillator using the Average7, 14, and 28 values. Average7 has a weight of four, Average14 has a weight of two, and Average28 has a weight of one. Sum the weights in the denominator (in this case, the sum is seven, or 4+2+1). -Multiply by 100 when other calculations are complete. UO= ×100 UO=Ultimate Oscillator How to use it? In order for the indicator to generate a buy signal, it's recommended a three-step approach. -First, a bullish divergence must form. This is when the price makes a lower low but the indicator is at a higher low. -Second, the first low in the divergence (the lower one) must have been below 30. This means the divergence started from oversold territory and is more likely to result in an upside price reversal. -Third, the Ultimate oscillator must rise above the divergence high. The divergence high is the high point between the two lows of the divergence. Three-step method for sell signals. -First, a bearish divergence must form. This is when the price makes a higher high but the indicator is at a lower high. -Second, the first high in the divergence (the higher one) must be above 70. This means the divergence started from overbought territory and is more likely to result in a downside price reversal. -Third, the Ultimate oscillator must drop below the divergence low. The divergence low is the low point between the two highs of the divergence.
Education
by Skyrexio
BTCUSDT Analysis UpdateHi, traders! Today we will tell you about the Bitcoin and give you our point of view with regards of this token. Well, we still bullish. We still believe that BTC is able to push the limits more and more and show the world the power of crypto. So, let’s go beyond words. Not so long ago Tesla sold 10% of the company’s BNC deposit. Some people found as an act of fear of Musk. However, let’s dig deeper. 10% is considered to be very small part of their BTC deposit. Moreover, we find it a way to gain money fast, because they need them to report to investors. As you see market has showed no reaction on it. Let’s have a look on the chart. At the first sight it seems to be choppy. However, we see a great support levels of previous price action demonstrated by Fiba Retracement levels and EMA. Thus, we are sure that probability of further growth is extremely high. Here are some scenarios of probable price action. Scenario A Short-term consolidation between 0.382 and 0.5 Fibonacci levels and further growth with mid-term consolidation in “golden pocket” (between 0.5 and 0.618 Fibonacci levels) with break out over the 0.618 and even higher. Scenario B Bears will have a small win and the price will go down to 0.382 and lower. On these levels lots of alerts are pointed, that’s why the price will anyway reject from these levels and pump. DISCLAMER : Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
TOP 5 Tools To TradeHi traders! Working process of any trader is usually related with usage of different tolls. These tools are invnted to make traders’ life easier. For instance, you shouldn’t just build lines of support and resistance by yourselves, just choose 3 main points and use Fib ExtensionMany of you asked us, what tools we usually use in our daily stuff. Well, we use many different indicators, oscillators and other tools like Fiba, Pivots and so one. Today, we’ll give TOP-5 tools, that’ll make your trading activity easier and more efficient. Fibonacci retracement Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. Suppose the price of a stock rises $10 and then drops $2.36. In that case, it has retraced 23.6%, which is a Fibonacci number. Fibonacci numbers are found throughout nature. Therefore, many traders believe that these numbers also have relevance in financial markets. How to use? Put the first point to lower low, the second to the higher high or vice versa. Fibonacci extension Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel after a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse. Fibonacci extensions are a way to establish price targets or find projected areas of support or resistance when the price is moving into an area where other methods of finding support or resistance are not applicable or evident. To study it accurately, read our Fiba Extension From Scratch (link in the description). Pivot Point A pivot point is a technical analysis indicator, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the intraday high and low, and the closing price from the previous trading day. In fact, price above the pivot point is thought to indicate ongoing bullish trend, while price below the pivot point indicates bearish one. The pivot point is the basis for the indicator, but it also includes other support and resistance levels that are projected based on the pivot point calculation. All these levels help traders see where the price could experience support or resistance. Similarly, if the price moves through these levels it lets the trader know the price is trending in that direction. Commonly, traders use Pivot Points as support and resistance levels as well as stop-loss levels. In the combine with oscillators (MFI, OBV, etc.) and Fiba levels we invent efficient strategies. Ichimoku One of the most informative indicator in world of trading. It can give you both support/resistance levels and sell buy signals. Out crew uses it every day. However, many traders consider it rather difficult to interpret. If you want to know more about it and use it as efficient as it’s possible, check out our articles (link in description) Pitchfork Andrews' Pitchfork can be used by traders to establish profitable opportunities and swing possibilities. On a long-term basis, Pitchfork can be used to identify and gauge overall cycles that impact underlying spot activity. In general, traders will purchase the asset when the price falls near the support of either the center trendline or the lowest trendline. Conversely, they'll sell the asset when it approaches the resistance of either the center line or the highest trendline. Even though the center line can be used to identify areas where a security may find support or resistance, it is generally not as strong as the two outside lines. In practice, the levels identified by this indicator are very useful for identifying strategic positions for stop-loss orders. To apply the pitchfork, you should choose the pivot of “trend start” (A on the chart). Than, chose the significant maximum(B on the chart) and significant minimum. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Education
by Skyrexio
5
Bitcoin Forect Or Small Strokes Fell Great OaksHi traders! All of us were a bit shocked by the BTC price action. Frankly speaking, we didn’t expect such rapid price fall. Nevertheless, we find it kinda normal. Come on, it’s crypto! Any trader should be ready for the worst, you know. But, if we tell you that this price action is kinda normal thing and we have already seen such fells in past? As you know, there is the thing that’s called option. Every month, approximately in the middle, the price falls rapidly and makes all of us a bit nervous. However, let’s have a look at the plot. As you see, we have 18-27% down swing every approximately every month last year. It’s not profitable for option issuers to sell BTC by the price that’s smaller than the market. February, March and now – April, the same pattern, the same stress. How do we see the future price action? We are expecting of consolidation on 51200$(approximately 0.236 Fiba level). Why? Cause we have a strong support level here, that’s confirmed by previous price action. Moreover, it’s confirmed by rejection from it of today’s “dead candle”. After it, we are expecting the growth and breaking up the 0.5 Fiba and consolidation near 0.618 Fiba (for about 67000$). We are still bullish and believe in BTC great future.
KRAKEN:ETHUSD
by Skyrexio
1
Pi Cycle Indicator From ScratchHi traders! As you know, BTC has made all time high not so far ago. That’s why we decided to tell you about one of the most powerful indicators that helps traders to recognize the market reverse after peaking. Well, today we’ll speak Pi Cycle Top Indicator . The indicator consists of two Moving averages: 350DMA*2 and 111DMA. In fact, 350/111=3,153 which is really close to Pi=3,142. Probably, it demonstrates the cyclicality of Bitcoin. Moreover, it is confirmed by last 3 cycles of BTC market and all times the indicator gave a signal, trend reversed. How to work with Pi Cycle indicator? When the 111 moving average reaches the 350DMA*2 it means that BTC is on its peak and it’s time to quit the position. However, we’d advice you to use it with other indicators and oscillators, to look for the trend reverse or continuation patterns and so on. DISCLAMER : Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Education
by Skyrexio
17
SXP/USDT : bullish flag and a breakout from resistance zone BINANCE:SXPUSDT Hello everyone 😃 SXP has been formed a bullish flag here, Also SXP had a breakout from resistance zone and bearish trendline. Now we expect a bullish breakout from flag and upward movement to higher resistances. By the way EMAs had a bullish crossover ! 🔴 Below resistance zone will invalidate the movement. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
5
XRP/USDT : Bullish flag and a breakout on current candle BINANCE:XRPUSDT Hello everyone 😃 XRP has been formed a bullish flag on current level and now it's breaking flag's resistance. Also XRP had a bullish crossover on EMAs, Everything is being green for this coin after a while. As current candle is growing, breakout is being more possible. Bullish flag : 🔴 It can be a fake breakout, So set tight SL. There is a high possibility for XRP to retest supports. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades