DigitalCurrencyTraders

DigitalCurrencyTraders Updated 

As we move outside the third standard deviation we're now watching for the price to move back inside the second standard deviation and complete a 123 formation on a small time frame I'll look for confirming signals on the 5-minute RSI while I'm watching for the 1 2 3 formation. this can often give us a very good risk-to-reward ratio with a very small starting...

DigitalCurrencyTraders

Bollinger Band mean reversion zone - watching for the reversal and pump to begin from here.

DigitalCurrencyTraders

The roll of Bitcoin Dominance as a measure of Altcoin season used to be kind of mysterious. Today, it has been well documented.

DigitalCurrencyTraders Updated 

Data from our Crypto SmartWatch Portfolio Balancing Spreadsheet, The Altcoin Opportunity Index is in the low red zone, suggesting Altcoin Winter is near. In today's update we saw the following - a bearish shift as we see - 5 coins hit the 4 hour EMA Exit to drop to 1/2 position size - 3 coins hit the 12 hour EMA full exit signal The Alt Entry Index will rise...

DigitalCurrencyTraders

Given the breakdown structure of Bitcoin Dominance during the 2017 Altcoin Bull Run, and facing the present top formation in Dominance in the spring of 2020, we may expect Dominance will drop as the second and third generation crypto technologies mature. Coronavirus changes medium term expectations. And can be viewed as an event that will distinguish the viable...

DigitalCurrencyTraders

Just for fun. This rare formation only occurs within an ascending wedge within an uptrending market!

DigitalCurrencyTraders

Bitcoin dominance uncovers three 'holds states' for our altcoin portfolios as I see it. In 'state number one', we should be holding Bitcoin in 'state number two', we should be holding altcoins and in 'state number three', we should be holding fiat or stable coin yes the unthinkable in state number three we should be out of altcoins and crypto currencies...

DigitalCurrencyTraders

December 26 2019 Fitted curves made to match the weekly time frame LOG VIEW of BTC Price. Bars Pattern grabbed from 2015 bear market and bottom. Not my usual trading chart pattern, but it does provide an interesting perspective and potential price level zones to be aware of. The full details of this long term bearish view of Bitcoin prices may be a trip down...

DigitalCurrencyTraders

This chart shows a number of examples of sell signals that combine the 1-2-3 top formation, that is - the failed retest of a recent high. Notable is the fact that both 1-2-3 top formations settled perfectly under historical resistance, and were confirmed by the Ichimoku Cloud signal on the 12 hour chart view. Current rebound off a double bottom, while we remain...

DigitalCurrencyTraders

Putting my recent RSI training to use, I took a long position. www.youtube.com Relative Strength Index Explained with examples in Bitcoin Trading. Identifying RSI Divergence against Bitcoin Price Charts.

DigitalCurrencyTraders

I've been a bull since early february, and this is a classic 1-2-3 bottom formation shaping up at the end of a down trend... this is the ideal time to risk a long trade and hold it. After consolidation above 320 in early May, the uptrend will continue and I'll be pyramiding what profits I have.

DigitalCurrencyTraders

Bitcoins prices have created another consolidation pattern at an important price level. These patterns are easy to see in the historical prices of Bitcoin over the past year before big price breaks - and this could be another opportunity to catch a large breakout. New to the community and getting a feel for how the charts work, and how the idea sharing blog area...