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1 hour Timeframe XBTUSD signals from BottomFinder for comparisonA few days back we published an idea showing XBTUSD trades on the 15m timeframe. We had requests for a higher timeframe example to contrast the differences on higher vs lower timeframes. For those who are not sitting at a chart all day and prefer less frequent trades, the answer is simple. Just set Bottom Top Finder to the 1 hour timeframe for slightly longer term positions. With only one false signal halfway through the major dump, 15/16 win rate isn't bad! As with any signal or trade, you must also have a sound risk management strategy. Next week Bottom Top Finder 2.7 will be released with new features and more user customization! Like, follow and direct message for a trial!
BITMEX:BTCUSD.P
by theheirophant
1
BTC Consolidation Leads to Consistent GainsBTC is traded for its volatility. The past 8months we have been in a dramatic bear market, approaching 80% retrace from ATH. I believe we are now entering into a period of nice consolidation with a 3-5% spread. This yields a lot of opportunity for the swing trader to come out on top with minimal risk and minimal active management. By playing the weekly high and low on a hourly chart, you are able to time bottoms and tops and work long shorts both ways for 20-30% profit per trip..not bad. Now this trading strategy is still open to risk, but for me I have limited my risk by using a stop loss and take profit features to lock gains. I encourage you, even as a scalper, to take a longer time frame look to see what we are truly doing and to find the patterns and play them. I am neutral right now on BTC because of this time of consolidation, but I believe for the swing trader, this might be one of the most consistently profitable times to be in.
BITMEX:BTCUSD.P
by realtradesbymatt
Pitchfork Setup for Swing Trading/Price PredictionMy thesis is, since we fell out of the pitchfork channel shown above, we've entered a new channel - this channel took us out of the descending triangle recently, but we haven't REALLY tested support of the pink downward log trend line. I think these pitchfork setups are interesting, especially the first one which predicted the top of the parabolic run in 2017 - would have been pretty useful to have ahead of time. What I like about this pitchfork setup is it really helps make sense of the recent price action, provides usable resistance and support levels, and gives a sense of which direction price might ultimately be heading in the short and mid-term. According to the "rules" of pitchforks, since we failed to break out of the current pitchfork channel, we can expect to fall down on the white median line here now that we've turned around and are headed south. Other support levels could always intervene, however, so there are two potential price predictions for rebound location: 7.5k if we bounce from the pink downward trend line. or 6.5 again if we fall to the white median line of the pitchfork channel. Stay safe out there folks, protect your assets, and happy trading!
BITMEX:BTCUSD.PShort
by EpistemiCrisis
3