Get started

Tutorial

Bitcoin. Triangle. Important areas. 58440. Work on a coinMade this idea to continue the previous one for the convenience of monitoring price movement. Work from zones of levels and trend. Everything is extremely accurate on the graph. Check out my previous 1.5 year forecasts for this trading pair. I think it will be very useful for you for educational and, as a consequence, for monetary purposes, views of my previous ideas and updates of work under them where I accompanied the price movement. Pay attention where the forecasts were worked out with sniper accuracy up to certain numerical values, and where they were not, or they were worked out after a rather short time. Below this idea, I have consolidated the ideas of training and trading for 1.5 years, which were not removed by the moderators. Who does not know, I cannot delete or correct when a trading idea has already been published. I try to give the most accurate data for work not for the "hamster" level. Be attentive, learn to see what is hidden from the blind and think. Learn, develop, gain experience in trading. Knowledge without experience is zero. Don't be theorists, be practitioners. Only the weight of your deposit matters to your trading success. Theorists cannot boast of this.
BYBIT:BTCUSD.P
by SpartaBTC
5
Fibonacci Extensions From ScratchHi traders! Evidently, every trader understands the importance of defining the trend with its support and resistance levels. Unfortunately, sometimes it’s kinda difficult or even impossible to do with basic tools. Nevertheless, traders have fixed the problem and evented some indictors that are able to solve this problem. One of them is Fibonacci extensions . 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. As you can see, Fib Extensions is some kind of ratios.The ratios themselves are based on something called the Golden Ratio. How to build Fib Extension? During the up trend you should initialize the point of previous lower lower. Next point is the higher high and lower low again. The points should be consistent.
Education
by Skyrexio
2
Parabolic SAR From ScratchHi, traders! Today we’ll continue our series of educational articles. We hope you enjoyed the previous one and found it useful. We have already told about the necessity of identifying a trend . Most of freshmen and even experienced traders find it really difficult. There is even more difficult problem, though. Finding the most profitable points of entrance and exit is very complicated task for anybody. However, technical analysis gives traders some tools and techniques that simplify this task greatly. Today we’ll talk about Parabolic SAR (PSAR) , one of the best indicators for identifying trend reverses. Let’s have a look at it. PSAR is the line of dots which is plotted below or above the price candles. When the trend is bullish the dots are below the candles, when the trend is bearish they are above. PSAR calculation is rather difficult and we don’t want to bore you. One you should know is the main parameters – step and maximum step (default 0.02 and 0.2). When you increase this values, you increase the sensitivity of indicator, but at the same time sacrifice its precision, cause it starts catching lots of false signals. Whereas we decrease these values sensitivity becomes less, but signals are more accurate. Thus, it’s very important to find balance , in order to minimize lagging and get accurate signals.
Education
by Skyrexio
Gbpjpy - buyPrice is still in an uptrend, I just realized that price didn't retest a structure it broke in the past. Recently price broke structure and formed a double top but price never confirmed that structure as it fell and ended up retesting the double bottom it formed on the 2nd of March. Price got to that structure and retested it, before it reversed it formed a morning star then fully formed a double bottom and took off to where price is now. Its Possible price can get to 153.750 next. GJ is still in a uptrend due to it not breaking major levels of structure and not retesting it as it did reverse.
Long
by pmgai
XLM / USD + 600% Symmetrical triangle. On this coin, in a secondary trend that has formed an upward channel with an impressive step of more than 100%, a symmetrical triangle is formed near its base of the trendline. The price is clamped. Let me remind you that the "radiant cryptocurrency" made exactly + 600% from the breakout of the resistance level of 0.08572 to 0.59. These are not random numbers. The support level that is currently held is the 0.4 zone. There will be a denouement in the near future. Think about what action is causing the formation of such a pattern on the chart. This will give you an understanding of the ongoing processes of "interaction" and possibly with the correct application and profit. For more clarity of two of the processes taking place in the market now, see my old training / work ideas attached below this idea, which by the way I did on the example of the same XLM coin: 1) "Big secret" 2) XLM / USD Secondary Trend Financial markets are a psychological game of manipulating people's behavior with the help of the weak link of the bulk of people, that is, money (a resource for the embodiment of material desires), the final result is to achieve the required goal through the embodiment / non-embodiment of the desires of controlled people.
Education
by SpartaBTC
13
LTC / BTC Positional trading in the channel. Working on a coinI made an addition to the previous trading idea of ​​working / learning on this instrument as the price broke through the support of the inner channel and the downtrend developed. Entry # 2 into a short position after breaking the support of the inner channel was confirmed. Trading with the trend. I have shown potential reversal areas in an existing trend on the chart. The ideal long entry point would be a breakout or pullback after a downtrend line breakout. Please note that there is 1 month on the chart. The reversal will be more clearly visible on the weekly timeframe. I have shown a monthly chart so that it contains the entire trading history and shows the essence of the work. ______________________________ I chose the LTC / BTC pair as an example for positional trading. This coin works perfectly technically. To Bitcoin , the coin is held in a horizontal channel from the very beginning of trading. I think you understand that this is not an accident. In the crypto market of several thousand scam coins there are several such technical highly liquid reliable coins. Litecoin is one of them. It is the impressive profit for those who work in large sums. The ideal ratio of profit and risk. Clear trade. It is easy to predict further price movements. Positional trading is suitable for those who have already traded an impressive depot and are already tired of staring at the monitor and burning their time, spoiling their eyesight. For those who no longer get high from the excitement of management and so on. Because a large depot can in most cases be dispersed only by such methods. A person must have iron patience and an understanding of the market cycles. Because profits need to wait a long time. As you can see from the graph, for example, only one trend can last up to a year. Positional trading is the work on the trend on a long-term basis, on charts covering a large time scale. For its implementation, fundamental and technical analysis is often used. Position trading is suitable for all types of markets: cryptocurrencies, stocks, goods, Forex. In other words, position trading refers to a relatively long-term holding of a position in the direction of a global trend. Thus, position trading is an independent style, significantly different from others. Market participants can use this approach to hold short-term and long-term positions. Maintaining a position in the trend, and not work on small weekly fluctuations. This is the main difference from swing, which involves working on the basis of market cycles of several days. In positional trading, you can hold a trade for months or even a year or more (Dow Jones index), it all depends on the trend. Coins for positional trading are selected very carefully, they must be reliable, be closer to TOP or be this top as an example of Litecoin. There should be a real development of the project in the long term, with a strong team that really does something, and not only has a promise legend. It is very important that the coin you choose for positional trading be highly liquid. You can work (or rather need) as in long and short. In any direction the price you earn. If you are not working in short, then most of the position is HOLD on a WALLET! In such a trade where transactions are conducted 1-2 times a year, it makes no sense to risk a huge amount and keep coins on the exchange. Even if you are doing risk diversification through several liquid exchanges. Only the large time frame is important, we do not pay attention to small price fluctuations. The purchase / sale of an asset is made only upon confirmation of a change in trend. No hai and loy! Minimum prices and maximums will be left for hamsters. ______________________________ Position Trading Rules: 1) A signal to enter a position is the beginning of a trend on a large timeframe (with a timeframe of 1 day or 1 week). 2) Exit from the transaction is carried out only if there are sufficient grounds for the end of the trend (trend change). 3) No lows and highs of the price when trading! Let's leave this occupation to stupid hamsters! ______________________________ The advantages of positional trading. 1) Does not take into account small price changes, that is, does not require constant monitoring of the situation. 2) There is no need to be near the computer all the time. In positional strategy, the most important thing is a deep and thorough analysis, on the basis of which a further decision is made. 3) An open position simply needs to be monitored if there is a situation that can change the position or price. Positional trading strategy is an analysis of daily, weekly and monthly timeframes; holding an open position for at least a few days to several months. In simple terms, positional trading is a meaningful and balanced entry into a transaction based on holding a position in a trend. _______________________________ The disadvantages of positional trading. 1) a long expectation of results that can actually be measured only after months or years; 2) high responsibility for each forecast and analysis, since it can take many days and weeks to hold the wrong position; 3) slow progress in trading (holding positions is good if the trader already has experience, but you won’t be able to gain it quickly by opening deals once a year); 4) the need for significant investment (you can get a tangible income from position trading only if you have a decent amount of money in the account). As a result, holding a position in certain cases is a significant advantage for an experienced trader, but fatal for beginner speculators.
Education
by SpartaBTC
6
SPX (1D) 2007 VS 202107/08 VS 21, looks pretty much indentical, and if there is something about charts it is that they almost always repeat themselves over and over again, we've seen it numerous times, and its how i myself even trade on a daily basis. Now you may be wondering why? Well let me tell you, chart patterns work by representing the market's supply and demand. This causes the trend to move in a certain way on a chart and forms a pattern. Another factor that helps with building patterns is algorithems, many of them are built to trade of patterns (less complex ones) thus selling and buying on price action creating patterns. But always have in consideration that news is almost always the biggest factor for patterns not moving as planned. That being said, dont go full on bearish bcs of a pattern, I recommend doing fundamental analysis, techincal analysis & macro, a pattern may never always be spot on and alot of the times scare people out just before it melts up or down.
SP:SPX
by Oerhortbegovad
11
XRP Geniuses of the game Triangle + Head and ShouldersThe price is at the breakout of resistance. The chart shows the current situation. Appreciate the genius of the people who control the price. This is aerobatics. By combining formations and selecting them for certain types of charts, each trader above the average level sees what he wants to see. Namely, they can affect the price now or in the future. We do not take into account the bulk of the crowd, as it does not affect the price, it is only directed as fuel to "make the price." Confusion is instilled in the managed and a sense of uncertainty, but the whole game is played with extreme precision to the point of inadequate madness. It is important to honestly beat everyone. Pay attention to the numerical value of the levels and squeezes. Think about why such a huge squeeze was needed when pumping + 200% "wallstreetbets" on a 1D timeframe. What thanks to this see some and other traders, how this squeeze is displayed on the line chart, which determines the trend. This is how traders using a line chart see the chart. This is the daily timeframe. Consider who most of the time uses a line chart for their analysis. The bulk of the crowd uses Japanese candlestick charts. Do you think these compressions ruined the graph or not? will they be able to beat traders who are smart and have big money Do you know the exact future local trend? They are not. Globally yes, locally no. The general picture of the development of the situation with a high degree of probability and the estimated price (which is not particularly important at the moment) before the public alleged planned announcement has long been known and was announced publicly. But, reality consists of many factors from which the desired ultimately can be quite different from what is being realized. The most important thing is not to be in the main stream of "givers" and not be interested in FUD news. And if you're interested, read between the lines. Much has been written there lately about fossil and non-fossil natural resources. Remember what was said to everyone except "pumping the FUD" when "pumping the pump group" in public. Maybe they weren't lying when they said buy and forget to buy no matter what? Or they lied to make money locally on extrusion. From the call to buy and hold a month ago, what is the price now? Give the fool any amount, large or small, then the desire to have even more, thanks to the combination of greed and stupidity, he will certainly zero it. The only question is when it will happen in the "hamster" space of time.
BITFINEX:XRPUSD
by SpartaBTC
16
BINANCE COIN! A defined Setup with Huge Risk:Reward!BINANCE:BNBBTC 🚨PLEASE LIKE AND SHARE IF YOU FIND IT USEFULL🚨 Some of you liked the way I explained my procedure for enteering a trade and calculating position size in my EOS/USD swing trade, so today I'll try to replicate it with this new BNB/BTC setup that I found. ** This analysis is ment for educational purposes, not financial advice. Trade at your own risk ** 🟠 ¿WHY AM I ENTERING THIS BNB/BTC TRADE? The first thing to consider is that there is clear evidence that the 2019 highest weekly close is acting as support after breakout. The previous two candles have long wicks down that immediately show rejection and return above 0.00456. Context is also important and should be considered, especially since cryptocurrencies show the highest correlation of any market. In the lower right graph we see Bitcoin in the daily time frame, which is currently breaking out from it's all time high of $57,500. As explained with red lines, a continuation after a daily close happens above is pretty likely. Keep in mind that the only reason you want to buy an Altocin instead on Bitcoin in this case, is if you expect it to go higher percentage wise. Assuming that BTC continues to rise after this breakout, altcoins will rise in a similar way, unless they have a particular setup as is this case. In the upper right graph we see Binance Coin against the US dollar, which is currently in an area with a confluence of two types of support: 1. Horizontal Support at $255 derived from the highest daily close of the first of March. 2. Trendline support from extending the broken triangle formation. With this in mind and considering the three relevant graphs, I believe that Binance Coin will rise against Bitcoin in a way similar to the last Leg Up of more than 200%. Not only that, but I also believe that Bitcoin wil rise as well, compounding the efect of your gains against the US Dollar. I believe that it will also happen in a more predictable way, allowing traders to use much larger positions without risking a larger amount by having a stop so defined and so close to the entry. 🟠 ENTRY (0.00457) For this swing trade it does not matter much if we place the entry right in the highest weekly close of 2019. Price is currently just where we want it to be, so in my case I will enter with a market order at the current 0.00457 price. 🟠 STOP LOSS ( 0.003975) As explained on my previous idea, the distance between your entry and your stop loss is what should define your position size, not random numbers or a percentage of your account balance. However, you shouldnt try to place your stop randomly close to your entry either, but at a place where you feel like the price reaching it invalidates the whole setup. In this case I will use 0.003975 as a stop loss, because I think it is far enough apart to withstand a flash crash if it happens, but not so far that it affects my position size too much. Aditionally, any weekly close below the level of support, would also be an early sign for exiting the trade, even if the stop loss hasnt been reached. 🟠 TAKE PROFIT Defining take profits in an all time high is one of the most challenging things in formulating this type of setup, mainly because there are no areas of horizontal resistance that you can plot forward. That is why in my opinion, as long as you know that your probable take profit is at a reasonable distance that meets your R:R tolerance, you can eventually decide based on analyzing market conditions as a whole. Knowing your take profit isnt necessary to calculate position size, which is also why I think it is less important than the price of entry or your stop loss definition. 🟠POSITION SIZE Looking back to that EOS / USD trade, you can see that Position Size is calculated by dividing the risk ammount (What you are willing to loose if this doesn't work) by the distance in percentage from the entry to stop loss. In this case I buy at 0.00457 and my stop loss is 0.003975, which is -13.3% below. Let's do an example with $100 risk ammount. POSITION SIZE = (RISK AMMOUNT) / (DISTANCE TO STOP LOSS) POSITION SIZE = ($100) / (0.133) = $751 This means that with a -13.3% distance to stop loss and a risk ammount of $100, my position size will end up being $751.00. If the ammount you get is bigger than the value of your portafolio, use leverage. :) Thank you very much for your time and for sharing. I'll continue to update this idea as it develops, so feel free to follow me to get notifications on any news. Feel free to post your comments or questions in the comment section. All positive feedback is well recieved.
Long
by JRuiz000
3
GBPUSD MY OWN TRADE #1we are launching a new concept on our richmonstocks tradingview page. 1- we will share our own trade that we take with entry and stop loss (not sizing this is again all about your risk mannagement.) 2-give you all kinds of trades, from 15 min to monthly charts for long therm investor. 3- providing full wave count with fractal. in this set up , we want to long the gbp/usd on the 15 min chart. playing the bounche of the wave. our stop loss and take profit is set to give you the best probability but also providing you enough lequidity so you might just survive on this market.
Long
by RICHMONSTOCK