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Quick notes about Inverted Head and ShouldersHello dear friends, this is more of a study than a chart. Here is what i did: * I sampled 16 IHS that showed over the past year and were visible on the 4hr chart. * I took in consideration sloppy patterns but ignored the ones that didn't complete or patterns that were too small or too big to discern on the 4hr. * targets are calculated roughly based on the closest fib as result, some targets have fallen slightly above or below that number. * By target i mean the peak price that was reached after pattern completion and within the timeframe equal to the time length of the pattern itself, and before reached a lower point than the low tip of the right shoulder * The outcome post pattern defines what happens after that pattern has reached its target within the calculated timeframe. Lower means the price dropped below the right shoulder lowest point, higher means the price continued climbing higher before any drop * The way i calculate IHS targets might be a bit unusual, but it works well for me. I calculate the length of the head from its lowest point to the meeting point with the right shoulder. Target calculations are a fib percent of that height. * Mind you, this is a quick study, nothing bulletproof or scientifically sound. And here are my key findings: 1. Out of 16, 3 failed, 7 reached 100% or above 2. the average success score is a retrace of 67% of the head size within the time length equal to the time length it took the pattern to form 3. 50% of the time, the price dropped lower than the pattern right shoulder or more after reach the pattern target Details: / a. 50% / lower b. 61.8% / higher c. 100% / higher d. 23.6% / lower e. 100% / higher f. 100% / higher g. 0% / lower e. 0% / lower f. 23.6% / higher g. 100% / lower h. 78.6% / higher i. 161% / lower j. 23.6% / higher k. 161% / lower l. 0%/ lower m. 100% / higher Again please take these findings with a grain of salt, this is by no mean super accurate and can be prone to error. But as a broad overview, hope you'll find this insightful.
BITSTAMP:BTCUSDEducation
by gmgame
24
Elliot waves. Why cant fully trust this theory. You can find many websites, even free books of Elliot Waves Theory. But if you read it by on eye, can understand its kind of shamanistic predictions. law of the universe - from small to big, law of complication and development. To build waves, should start from max. minimum time frame -1 min. than 1 min group in 5-15 min, than to 30 min, 30 min group to 1 hour, 1 hour to 4-8, and than to daily. the waves are divided into 10 degrees, *subminute, *minute ,*minor , *intermediate, *primary, *cycle, *supercycle, * grand cycle.Depending on the source, there may be different names and divisions, but the essence is about 10 of them. The length of the wave depends on the length of the previous wave, this is calculated by Fibonacci extensions. The waves can contain impulses and elongations, the waves can be lateral or the extensions can be pulses. And the main thing is how to understand this all. Where the exact coordination of movement, measurement, distribution ,. what if to miss? Suddenly it was an impulse but I built it like a wave, maybe it was an extension in wave 3, or is it ABC? in general, you understand that this algorithm is based on your personal judgments and experience, and from those sources that you used in studying waves. When this system of construction attends 2-3 internationally recognized postulates, then it is worth starting to study it. Now it all depends on who and how he sees, and you can prove that there is no way, but skolko people, so many opinions. Not waves determine the movement of prices, but people, their judgments, analysis, the market's opinion of the traded instrument, the conclusions based on previous levels of support and resistance and the general trend. Now the theory of waves is a guessing on the coffee grounds and dancing with tambourines around the fire under the starry sky.
BITSTAMP:BTCUSDEducation
by GeorgeVeritas
12
The astonishing IOCUSD bull chart, mindblowing!If you ever want to have a chance in trading, study this chart for some hours. And finally, start painting fibonacci circles yourself! A few words to IOC, which I believe is Bitcoin 2.0 - true decentralization with proof of stake protocol - every staker gets around 10% rewards in 2018 - staking with a Raspberry PI with around 10 Watts energy consumption (much more efficient than bitcoin) - 1 minute blocks, no scalability problems, 100x more transactions than bitcoin (at least) - data storage up to 2MB files - first decentral, encrypted messaging built in wallet - decentral, transferable aliases, encrypted or decrypted and much much more.... Check it out!
ILong
by Coinsidering
Strategy for ALTCOINS VS BTC (Beginners) - How To Split Your BTCOne of the many issues beginners face when trading ALTCOINS, is how to split their money. Where to invest? How much to invest? How long to wait?, etc. It happens that in this market, the cryptocurrency market, opportunities are endless, and we are bathed with a wave of new opportunities all the time, everyday, but this can turn into a problem rather than a solution. A disadvantage rather than an advantage. Why is that? Well, if we don't have a plan we tend to make mistakes, because of lack of experience. We might join a trade and buy an altcoin, we feel all pumped up and hyped up, and feeling good and positive. The next minute another opportunity comes, and this one seems bigger and better, and somehow you don't want to wait, you move to the new one, on and on. Leaving loses behind each time you jump from coin to coin, and worst yet, the action seems to start, almost always, as soon as you go. So how do we deal with this problem? How can we plan to take advantage of all the opportunities, without worries and end up in success? That's the question that I am here to answer for you. THE 10% PLAN Let's say you have 1 BTC (Or 0.10 BTC), or any amount for that matter, and a awesome, charismatic, helpful and optimistic trader, like myself (:P), posts a new idea and you want to join. How much of your capital will you put in? Will you put in 100% Of your capital? NO. "Well this is a huge trade", "This guy knows his stuff", "I will take the chance to recoup my losses", etc. Remember that we do not, and cannot, predict the market. We look at signals which points to a certain direction, but the market can choose to do whatever it wants. That's why we set targets and also stop loss. So instead of putting all your money in one place, divide all your trades in increments of 10. You have 1 BTC, then you have the chance to open 10 trades. You don't have to join them all at once. You are not losing anything if your money is resting fine. This new trade I just posted, you can put in 10%. Set it and forget and you will do well. The next trade, go ahead, another 10%. Now you are feeling good, because you have a plan and you feel strong. And even if the trade goes wrong, you have 80% of your capital safe, and in the worst case scenario, you will see a 10% loss. On the other hand, if the trade goes as planned, and you get to earn, you can be looking at a maybe a 100, or even 200 percent. Follow this strategy wherever you go. And trust, that in time, you will see your money grow. NAMASTE.
COINBASE:BTCUSDEducation
by AlanSantana
48