Dear Cryptuminati, Many beginners wonder which indicators to use. That's why I started this series with the 7 best indicators. It is not just any indicators, but those that are best suited for crypto trading. #1 Stochastic RSI (StochRSI) This is the king of all crypto indicators. When I trade stocks or indices, I use the normal stochastic. For Bitcoin and Co....
Still room and time for another new high in this 60-day Cycle. But looking at volume on recent peak i would be skeptical. Alt-coins seem to also be exhausted. Chart Numbers correspond to: 1. End of prior Cycle - Capitulation Volume. 2. 10 days into new Cycle, realization phase, massive buy volume and short-covering. 3. Strong buy volume to "logical"...
Cryptocurrency’s Calculation Problem: Why Most Investors Are Trading Incorrectly Cryptofam, we have a problem—one that has gone on far too long. A problem that is arguably responsible for most of the dumping in the alt coin market in the past and as I’m writing this post. It is a problem of perception, and one that exchanges are partly responsible for...
Bitcoin price holds above 8080 trend line support, and 7680 pattern support two resistance levels that prove to be strong for now to hold the price in place for resurgence. Breaking the levels price poised to revisit low 6000s again. Mt.Gox influence still visible. Caution!
Meaning If the candle is bullish (white or green), the price dips down quite low following the interval’s opening due to the bears’ influence. However, the bulls gain control and push the price back up again, so the interval closes above where it began. If the candle is bearish (black or red), the bears take the reins and force the price downward. After they’ve...
It's safe to say there is a lot of correlations in price in the cryptocurrency sector. There may be some inverse correlations short-medium term that provide opportunities on how to multiply capital, but medium-long term it looks like the market follows a general trend. This proves one can only be so diversified in 1 sector (e.x crypto) and that there is NO safe...
Howdy Yall! Today on The Support Line we are going to walk through Price Action, what it means, and how to find a trend using nothing but the price action. Furthermore its going to help us keep our charts clean, and can help us remove some silly indicators which we may not need! Whoa! Remember, if you click the share button towards the top right of this...
I decided to put a little more time into my joke Drawing the "Chekov Formation" This measures each "Chekov" based on the Transition of the PSAR in time. I the collected all time periods and calculated an average. The last value is not included-because it is in play. The average "Checkov" time period shows that a downturn occurs on average of 2.25 days or 2...
How do we make a strategy? Get your Pencils out yall! We have to look around, take a look at the history, and see how we can capture some profit in the asset class. Its important to formulate a strategy by letting the chart show you what indicators worked historically. Some people like to use indicators like crazy and THEN backtest them. Perhaps that...
Lets get our pencils out. Lets do some drawing, lets muck up a chart and lets see what we can learn from it. What is a fib arc? How do I draw them? Why do I draw them? How should you draw your chart? ... Do you have any ideas? ... What if you don't have any ideas, and you don't know what to do? ...Calm down... pull your pencils out. Its time to start...
These are the Big 3 rules. Long trade example Short trade example This is one of many trading strategies taken from our Trading Strategies Library For more information on this strategy or one you are interested in learning about, leave a comment below or visit our website
If you read this post, it means that probably you are interesting in making money in the crypto markets. You want to trade cryptocurriences and multiply your investments. But do you really think that it's easy? The cryptomarkets open for everyone great opportunities, but you must have some skill for conversion these opportunities into real money. If you think that...