Template
Market is in a weak position after a bull bubbleBull market ended with a bubble pattern.
Possible bear markets: ~80% and ~50% decline. We still have a way to go...
We didn't see any panic selling, so the bottom has not been reached yet. Prices decline moderately.
No bottom formation yet... keep watch.
Going DownWe have more room to go down until the major trendline.
We are in a bear cycle.
Could do double bottom and hold.
Remember:
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The future is independent in the past given the PRESENT.
So if the market show us and tell us that it wants to reverse we change our view. (Currently view is DOWN)
Alt Trading Template - Planning for Maximum CapitalizationI put this together for myself to help stay organized and stick to the key plan I have for my trades. One other thing I've done is flag the coins in the watch list according to the level they are in from the template. I also printed the image itself and have been manually writing the coin name on a sticky note, moving them forward through the stages so that I can have a flow-based conception of how alts are moving through these various stages on their ways up.
Hope this helps someone!
4 Color Palettes For Charts 🎨📊Hi traders
there are 4 color palettes here that you can use in @TradingView charts.
1. Standard green & red
2. Neon Carrot & Neon Blue
3. white & Neon Blue
4. green body & green border
In future posts, I will publish more palettes in different backgrounds here.
so don't forget to like this post ❤
Algorithm Builder : Please ask me if you're stuckHi everyone
A quick post to share a story that happened less than 20 min ago.
I received feedback that a follower didn't want to buy the Algorithm Builder because he "tried it and it doesn't work on the Indian market"
11 minutes later (see screenshot below), using the exact same Strategy Builder along with the Backtest (that I'll introduce tomorrow), I made him a strategy with a stunning 63% win-rate, 3 Profit factor - on a period of 10 days, ending today
Our chat imgur.com
Performance of the algorithm across the last 10 days on a market not very volatile: imgur.com
I'm not writing this for trolling, I don't care at all and I surely have better use of my time
I just want to convey a message that if you don't know/understand how to use my Algorithm Builder, please ask me. I won't bite and I'll even advice configs
People are asking me every what I do use for trading and if I use the scripts I share... short answer: YES and the main pinnacle of my trading is the Algorithm Builder.
I make every day for my clients any algorithm on any market, any timeframe in less than 15 minutes. Now some of my clients got even better than me at designing signals with the tools.... (I'm a bit pissed about that, to be honest, but so happy they're learning)
You'll be able as well with a bit of practice, it's honestly not hard. Even my sister is doing it and she doesn't even know what the indicators inside mean...
I'm here to help so shoot me your questions/concerns/feedback.
I can't guarantee your success on the financial markets because psychology plays still a huge part but I did this in 11 minutes guys and you already have the tool available for a free week trial
This is a generic script to detect the confluence/convergence between unrelated indicators
Algorithm Builder
More on that tomorrow to come, my friends.
Dave
spreadeagle71 stuff to check...Some scripts and surely more to find by:
www.tradingview.com
I Modified the Crypto Strength Index script to more current top volume or high value old top volume coins
And very interesting fib method :
Fibonacci levels can become powerful ways to find almost EXACT support and resistance levels and also time your trades. I have used them to predict turning points in markets on short time periods but they also are predictive in larger time frames.
How to Align Fibonacci Levels:
A very good and objective way to draw your Fibonacci levels is to use Gann Boxes, Transient Zones and the Temporal Extreme Spitter. All of these indicators are in the Public Library.
First start with the Temporal Extreme Splitter (TES) by Richard Santos. The extreme splitter will give you exact high and low places to place your gann boxes.
The Gann Boxes provide fibonacci in two dimensions- price and time. You can align the box ends with the TES. However, I have found one of the best ways is to align the Gann boxes is to set the 50% level on a long/strong TES line.
Next when you align the extremes up with either the center or one or both of the ends of TES lines; then you are ready to start aligning the Fib levels for time.
There is no exact science for doing this but a good way to do it is to try to match the highs and lows using Transient Zones. Transient Zones themselves give highs and lows and are also great places to align the boxes.
However, since TZ's can occur more often than the TES lines (if you use default settings), its good to align them with the Fibonacci time levels of the Gann box .
When watching your entry and exit points, it is also useful to include the concept of Divergence into them for even higher probability trades.
One of the best ways to see divergence is to use a stochastics oscillator. The 14,3,1 default setting is fine. There are also some other ones in the Public Library. I am really into fibonacci, so I will sometimes use a stochastic 55 or 21.
To see divergence, look at the highs and lows on the price chart and compare them to the highs and lows of the stochastic oscillator. If you do this correctly, you can sometimes see where the market is slowing down and turning.
The key word here is slowing down.
Divergence can be used as a confirmatory signal or a way to get out of a trade when it starts to go the other direction.
Good Luck in Your Trading
- Spread Eagle 71