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Part 1: What is Technical Analysis? Starters guide for investingDear investor, Welcome to my blog, where i am trying to learn investing with technical analysis (TA). I will share my studies and investings ideas with you, so we can discuss with each other.. First off all i'll investigate a theoretical studie. After this i'll try the theoretical studie on cryptocurrencies. This blog is for everyone who wants to start investing, but does not know how to begin. Why cryptocurrency? The volatility makes it more attractive to invest in Cryptocurrencie. Because of the volatility we can invest in short and long term targets. My opinion: do not invest money what u can't loose and make youre own strategy on how much money you can invest. What is TA and prognosis? Technical analysis is an anlysis method whereby we will make an prognose by watching historical price. From this sentence we can conlcude that all our prognoses are related on just one piece of information: the historical price movement. For the technical analyst the price movement is the only objective information what he has. All other informations are subjective and can be interpreted in different ways. Another important word in the previous sentence is prognose . This word prognose is carefully chosen, because making of an prognose is not the same as predicting. Predicting suggest any certainty, but this is not possible. My analysis can be verry good, however it can be wrong because of all kinds of unexpected external/internal factors. The course is never unclear: it rises or goes down . This can not bi disputed. With prognosing we sketch the most likely scenario, with targets and stop loss. Targets are my selling points. I'll not sell all my coins in just 1 target, but spread it in 1/4 part on each target. The stopp-loss is the level where i will get off my coins with loss. When reaching this level, i say that my analyse is wrong and i have to step out with loss timely before i'll have bigger problem (If i do not step out at this level, a will have a bigger loss what means i have to wait to long time to get my money back). When finishin my investing scenario, i'll make an counter scenario with the possible movement if my scenario fails. (This is just an example on how to note targets and stopp-loss on youre charts, not an trade idea. Finding the target areas and stopp-loss are will be studied in another part..) Summary: For the technical analyst the price movement is the only objective information what he has; Making of an prognose is not the same as predicting. Predicting suggest any certainty, but this is not possible; The course is never unclear: it rises or goes down; With prognosing we sketch the most likely scenario, with targets and stop loss In the following parts i'll write about charttechincal and statistically analyse. I'll studie Elliot wave and combine this with indicators to prognose an scenario. If you like to know more about investing with TA please follow me and feel free to place youre comment. One generation passeth away, another generation cometh, but the earth abideth forever. The sun also ariseth, and the sun goeth down, and hasteth to his place where he arose. The wind goeth toward the south, and turneth about unto the north; it whirleth about contunually, and the wind returneth again according to his circuits. All the rivers run into the sea; yet the sea is not full; unto the flow from whence the rivers come, thither they return again... The thing that hat been, it is that which shall be; and that which is done is that which shall done; and there is no new thing under the sun.. Source: Elliot Wave Principle, Key to Market Behavior. The books i mostly use and reccomend are: - Elliot Wave Principle, Charles J. Collins - Investing with technical analysis, H.J. Geels (Dutch)
COINBASE:BTCUSDEducation
by NLTR_crypto
TRX/BTC Elliott Wave ThoughtsStill very new at this and would love any criticism. I did a TRX/ETH Idea before but have switched over to BTC with an adjusted wave count. So we saw our 1st major wave finish on March 29 and confirmation of starting our 3rd wave on April 5. Now wave 3 has the possibilities of going further than I have projected but not likely to be lower. So that's still at least another 50% profit still to be made on wave 3. or 150+% completing wave 5, bringing us almost or to our ATH. This is my thoughts, with so much still to learn. Bardo
Long
by Bardouns
2
Possible Inverted H&S SIACOIN/USDHey there, I did an analysis earlier on siacoin calling a breakout of an inverted head and shoulders pattern.. I now believe i was looking at it the wrong way, i saw the final rise of the head as the breakout of the pattern. Now looking at it, it seems more logical that the right shoulder is just starting to form. For the pattern to be confirmed we need to see a rise in volume during the ascend and breakout of the right shoulder. I'm not a pro, and still learning so feedback is appreciated!
POLONIEX:SCUSD
by Bittimmer
My main strategy is called 'cycle-trading' a unique concept. My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators! The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading! My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility! One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market! - the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions. And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period! Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best! Like my analyses? don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
SP:SPXEducation
by Rich_Exclusive_Trading
Where is the volume? BTC inverted H&S patternHi there, First of all, i'm not experienced. I'm a newbie when it comes to TA so feedback is welcome and appreciated. While researching the inverted H&S pattern i've read that volume increase is important on the advance of the right shoulder, since we're not seeing this i'm kinda worried this might be a false breakout. So lets hope we see some volume in the coming day's to confirm this breakout. Also if the pattern is confirmed i noticed a possibility for an even bigger inverted H&S, this is of course very speculative. If anyone has feedback or comments i'd like to know! Thanks :)
BITFINEX:BTCUSD
by Bittimmer
Daily forecast. Machine learning. Daily forecast for BTCUSD (BITFINEX) MIN and MAX of the day based on machine learning tools. Red rectangles in the upper part indicate an area where, according to the forecast, the daily maximum will be located. The green rectangles at the bottom indicate an area where, according to the forecast, the daily minimum will be located. Rectangles allocated by faces have a similar meaning, but they are the result of the forecast of the second model. Very unusual forecast. There is really nothing to comment on here, we just expect the BTC to fall. But we ourselves are interested in what will happen, so, it remains only to wait.
BITFINEX:BTCUSD
by Osiris_Finance
2
Daily forecast. Machine learning.Daily forecast for BTCUSD (BITFINEX) MIN and MAX of the day based on machine learning tools. Red rectangles in the upper part indicate an area where, according to the forecast, the daily maximum will be located. The green rectangles at the bottom indicate an area where, according to the forecast, the daily minimum will be located. Rectangles allocated by faces have a similar meaning, but they are the result of the forecast of the second model. Analyzing the behavior of BTC for the past two days, we do not see the potential to achieve a price of 11,000. Unless, of course, there is an abnormal purchase.   There is a possibility that in the range of 10,500-106,00 the price will be kept, because a few hours earlier on this range there was a serious sale of BTC (21: 45-23: 00 on 28.02.18). And a second wave can happen.
BITFINEX:BTCUSD
by Osiris_Finance
1
Daily forecast. Machine learning.Daily forecast for BTCUSD (BITFINEX) MIN and MAX of the day based on machine learning tools. Red rectangles in the upper part indicate an area where, according to the forecast, the daily maximum will be located. The green rectangles at the bottom indicate an area where, according to the forecast, the daily minimum will be located. Rectangles allocated by faces have a similar meaning, but they are the result of the forecast of the second model. According to the models’ forecasts, we are expecting the uptrend. In this case, one of the models indicates that the minimum of the day has already played along with the opening. We are waiting for the closure of the day candle with a gain. We will wait for more anomalies throughout the day. They will determine the price level of closing.
BITFINEX:BTCUSD
by Osiris_Finance
2