MACD, RSI, EMA - Die technische Kursanalyse

Bitcoin Private (BTCP) Falling Wedge -- Increasing Volume, Oversold, Rising RSI/MACD -- Bullish Indicators

Bitcoin Private (BTCP) Falling Wedge -- Increasing Volume, Oversold, Rising RSI/MACD -- Bullish Indicators submitted by ChartingGenius to BTC_Private [link] [comments]

01-07 17:23 - 'Learn how to read the market better by understanding the MACD indicator' (cryptocurrencyhaus.com) by /u/MistaJones removed from /r/Bitcoin within 21-31min

Learn how to read the market better by understanding the MACD indicator
Go1dfish undelete link
unreddit undelete link
Author: MistaJones
submitted by removalbot to removalbot [link] [comments]

MACD indicator shows a sell signal for the first time in the very long-term trend 3-weeks chart of Bitcoin

MACD indicator shows a sell signal for the first time in the very long-term trend 3-weeks chart of Bitcoin submitted by coinwatcher to CryptoMarkets [link] [comments]

Live Bitcoin/Litecoin charts with EMA, MACD and other indicators.

Live Bitcoin/Litecoin charts with EMA, MACD and other indicators. submitted by Bitcoinewsboard to Bitcoin [link] [comments]

Live Bitcoin/Litecoin charts with EMA, MACD and other indicators.

Live Bitcoin/Litecoin charts with EMA, MACD and other indicators. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Eth at $500 by the end of the year?

source: ETH price prediction (medium paywall)
Ethereum price prediction 2020 Update 24.10.2020:
Eth at $500 by the end of the year?
Hello everyone, welcome to another update of my Ethereum price prediction 2020, the price of Ethereum (ETH) has recently passed the mark of 400 US dollars in the slipstream of Bitcoin (BTC). The start of Ethereum 2.0 Phase 0 is getting closer.
Although Bitcoin (BTC) recently made the jump above the $ 13,000 mark, Ethereum (ETH) has performed significantly better than Bitcoin this year. While Bitcoin has grown by more than 80% since the beginning of the year, Ethereum investors can look forward to a price increase of around 220%.
Although the daily transactions on the Ethereum Blockchain remain almost at a record level (1.2 million transactions per day), the average transaction costs have recently fallen slightly below the mark of $2.
This is still relatively high compared to the beginning of the year (transaction fees approx. 5 cents), but way better than in September. About 1 month ago, Ethereum users had to pay an average of over $10 for a transaction due to the Defi boom.
Many crypto experts pointed out the hype surrounding decentralized financial services (Defi) as the cause of the drastic increase in transaction fees.
Decentralized applications such as Uniswap (UNI), Compound (COMP), YearnFinance (YFI), CurveFinance (CRV), and Balancer (BAL) faced tough competition to accommodate transactions in blocks so that these transactions are processed relatively quickly — the result is that the network fees are exploding.
The utilization of the Ethereum Blockchain is still over 97%, with Uniswap still using the largest capacities. Nevertheless, the trading volume on Uniswap (UNI) has temporarily fallen below $200 million a day in the last few weeks, after almost $1 billion a day at the beginning of September. This should have contributed to at least a partial relief of the network.
The scaling problems are not yet solved. The Ethereum developers hope, however, with Ethereum 2.0 phase 0 and with the help of 2-layer solutions such as rollups, to get the problems under control in the next few months.
Investors reward this with rising prices.
Ethereum price prediction 2020 Summary At the moment, the chances are still good that Eth 2.0 Phase 0 can start in late November or December.
The start of Eth 2.0 does not solve all of Ethereum’s (ETH) scaling problems, but it lays the foundation for further scaling in 2021. From a market-technical point of view, things are now looking very good for Ethereum.
After a brief consolidation above the 50-day line in mid-October, Ethereum (ETH) continued its upward trend. The trend-following indicator MACD indicates further rising prices in the next few days, while the Relative Strength Index (RSI) is slowly but surely moving into the overbought area.
In the short term, Ether can run to $450 in the next few days, then the risk of a correction increases. However, In my opinion, the price of Ethereum could be by the end of the year, at $500 and more may well be possible if the start of Ethereum 2.0 succeeds on time and smoothly.
source: ETH price prediction (medium paywall)
I think ETH could reach even more by the end of the year, what do you guys think new ATH incoming?
submitted by OnlyReveal6 to ethtrader [link] [comments]

vectorbt - blazingly fast backtesting and interactive data analysis for quants

I want to share with you a tool that I was continuously developing during the last couple of months.
https://github.com/polakowo/vectorbt

As a data scientist, when I first started flirting with quant trading, I quickly realized that there is a shortage of Python packages that can actually enable me to iterate over a long list of possible strategies and hyper-parameters quickly. Most open-source backtesting libraries are very evolved in terms of functionality, but simply lack speed. Questions like "Which strategy is better: X or Y?" require fast computation and transformation of data. This not only prolongs your lifecycle of designing strategies, but is dangerous after all: limited number of tests is similar to a tunnel vision - it prevents you from seeing the bigger picture and makes you dive into the market blindly.
After trying tweaking pandas, multiprocessing, and even evaluating my strategies on a cluster with Spark, I finally found myself using Numba - a Python library that can compile slow Python code to be run at native machine code speed. And since there were no packages in the Python ecosystem that could even closely match the speed of my own backtests, I made vectorbt.
vectorbt combines pandas, NumPy and Numba sauce to obtain orders-of-magnitude speedup over other libraries. It builds upon the idea that each instance of a trading strategy can be represented in a vectorized form, so multiple strategy instances can be packed into a single multi-dimensional array. In this form, they can processed in a highly efficient manner and compared easily. It also integrates Plotly and ipywidgets to display complex charts and dashboards akin to Tableau right in the Jupyter notebook. You can find basic examples and explanations in the documentation.

Below is an example of doing in total 67,032 tests on three different timeframes of Bitcoin price history to explore how performance of a MACD strategy depends upon various combinations of fast, slow and signal windows:
import vectorbt as vbt import numpy as np import yfinance as yf from itertools import combinations, product # Fetch daily price of Bitcoin price = yf.Ticker("BTC-USD").history(period="max")['Close'] price = price.vbt.split_into_ranges(n=3) # Define hyper-parameter space # 49 fast x 49 slow x 19 signal fast_windows, slow_windows, signal_windows = vbt.indicators.create_param_combs( (product, (combinations, np.arange(2, 51, 1), 2), np.arange(2, 21, 1))) # Run MACD indicator macd_ind = vbt.MACD.from_params( price, fast_window=fast_windows, slow_window=slow_windows, signal_window=signal_windows, hide_params=['macd_ewm', 'signal_ewm'] ) # Long when MACD is above zero AND signal entries = macd_ind.macd_above(0) & macd_ind.macd_above(macd_ind.signal) # Short when MACD is below zero OR signal exits = macd_ind.macd_below(0) | macd_ind.macd_below(macd_ind.signal) # Build portfolio portfolio = vbt.Portfolio.from_signals( price.vbt.tile(len(fast_windows)), entries, exits, fees=0.001, freq='1D') # Draw all window combinations as a 3D volume fig = portfolio.total_return.vbt.volume( x_level='macd_fast_window', y_level='macd_slow_window', z_level='macd_signal_window', slider_level='range_start', template='plotly_dark', trace_kwargs=dict( colorscale='Viridis', colorbar=dict( title='Total return', tickformat='%' ) ) ) fig.show() 

https://reddit.com/link/hxl6bn/video/180sxqa8mzc51/player
From signal generation to data visualization, the example above needs roughly a minute to run.

vectorbt let's you
The current implementation has limitations though:

If it sounds cool enough, try it out! I would love if you'd give me some feedback and contribute to it at some point, as the codebase has grown very fast. Cheers.
submitted by plkwo to algotrading [link] [comments]

A Physicist's Bitcoin Trading Strategy. No leverage, no going short, just spot trading. Total cumulative outperformance 2011-2020: 13,000,000%.

https://www.tradingview.com/script/4J5psNDo-A-Physicist-s-Bitcoin-Trading-Strategy/
3. Backtest Results
Backtest results demonstrate significant outperformance over buy-and-hold . The default parameters of the strategy/indicator have been set by the author to achieve maximum (or, close to maximum) outperformance on backtests executed on the BTCUSD ( Bitcoin ) chart. However, significant outperformance over buy-and-hold is still easily achievable using non-default parameters. Basically, as long as the parameters are set to adequately capture the full character of the market, significant outperformance on backtests is achievable and is quite easy. In fact, after some experimentation, it seems as if underperformance hardly achievable and requires deliberately setting the parameters illogically (e.g. setting one parameter of the slow indicator faster than the fast indicator). In the interest of providing a quality product to the user, suggestions and guidelines for parameter settings are provided in section (6). Finally, some metrics of the strategy's outperformance on the BTCUSD chart are listed below, both for the default (optimal) parameters as well as for a random sample of parameter settings that adhere to the guidelines set forth in section (6).
Using the default parameters, relative to buy-and-hold strategy, backtested from August 2011 to August 2020,
Using the default parameters, relative to buy-and-hold strategy, during specific periods,
Using a random sample (n=20) of combinations of parameter settings that adhere to the guidelines outlined in section (6), relative to buy-and-hold strategy, backtested from August 2011 to August 2020,
EDIT (because apparently not everybody bothers to read the strategy's description):
7. General Remarks About the Indicator
Other than some exponential moving averages, no traditional technical indicators or technical analysis tools are employed in this strategy. No MACD , no RSI , no CMF , no Bollinger bands , parabolic SARs, Ichimoku clouds , hoosawatsits, XYZs, ABCs, whatarethese. No tea leaves can be found in this strategy, only mathematics. It is in the nature of the underlying math formula, from which the indicator is produced, to quickly identify trend changes.
8. Remarks About Expectations of Future Results and About Backtesting
8.1. In General As it's been stated in many prospectuses and marketing literature, "past performance is no guarantee of future results." Backtest results are retrospective, and hindsight is 20/20. Therefore, no guarantee can, nor should, be expressed by me or anybody else who is selling a financial product (unless you have a money printer, like the Federal Reserve does).
8.2. Regarding This Strategy No guarantee of future results using this strategy is expressed by the author, not now nor at any time in the future.
With that written, the author is free to express his own expectations and opinions based on his intimate knowledge of how the indicator works, and the author will take that liberty by writing the following: As described in section (7), this trading strategy does not include any traditional technical indicators or TA tools (other than smoothing EMAs). Instead, this strategy is based on a principle that does not change, it employs a complex indicator that is based on a math formula that does not change, and it places trades based on five simple rules that do not change. And, as described in section (2.1), the indicator is designed to capture the full character of the market, from a macro/global scope down to a micro/local scope. Additionally, as described in section (3), outperformance of the market for which this strategy was intended during backtesting does not depend on luckily setting the parameters "just right." In fact, all random combinations of parameter settings that followed the guidelines outperformed the intended market in backtests. Additionally, no parameters are included within the underlying math formula from which the indicator is produced; it is not as if the formula contains a "5" and future outperformance would depend on that "5" being a "6" instead. And, again as described, it is in the nature of the formula to quickly identify trend changes. Therefore, it is the opinion of the author that the outperformance of this strategy in backtesting is directly attributable to the fundamental nature of the math formula from which the indicator is produced. As such, it is also the opinion of the author that continued outperformance by using this strategy, applied to the crypto ( Bitcoin ) market, is likely, given that the parameter settings are set reasonably and in accordance with the guidelines. The author does not, however, expect future outperformance of this strategy to match or exceed the outperformance observed in backtests using the default parameters, i.e. it probably won't outperform by anything close to 13,000,000% during the next 9 years.
Additionally, based on the rolling 1-month outperformance data listed in section (3), expectations of short-term outperformance should be kept low; the median 1-month outperformance was -2%, so it's basically a 50/50 chance that any significant outperformance is seen in any given month. The true strength of this strategy is to be out of the market during large, sharp declines and capitalizing on the opportunities presented at the bottom of those declines by buying the dip. Given that such price action does not happen every month, outperformance in the initial months of use is approximately as likely as underperformance.
submitted by anon2414691 to BitcoinMarkets [link] [comments]

Does trading beat HODL? The most popular crypto trading indicators during a bull run tested

Disclaimer: This is not an attempt to find the best crypto trading strategy or trading bot for bull runs. It’s simply a thought experiment to challenge some common paradigms and provide ideas on optimizations. The strategies featured below are based on how these indicators are most used, and benefit from look-ahead bias. They don’t include stop losses or take profits. For testing purposes imagine you were basing your entire strategy on just one trading indicator.
All strategies were backtested 01 Apr 2017 – 31 Dec 2017. Holding Bitcoin over the same period, considered the 2017 bull run, would have yielded a 1075.8% return. For comparison’s sake we’re trading using all funds on the account on every trade, which is not advisable in a real-life scenario. The backtested indicators are:
Here’s what we’ve found:
https://blog.cleo.one/post/does-trading-beat-hodl-the-most-popular-crypto-trading-indicators-during-a-bull-run-tested
submitted by CLEOone to CryptoMarkets [link] [comments]

Very new to ML and algotrading

My python and ML knowledge is very basic, I'm just doing this for fun.
I wrote a simple sequential model that takes the last 168 hours of bitcoin prices (1 price for each hour) and some technical indicators derived from that data (168 hour sma, 168 hour ema, macd, macd distance from signal line, median price; all these indicators are normalized as percent change from current price) as input. It gives one output: predicted price in 24 hours as a percent change.
When I train this, there is very little improvement. I have messed around with hidden layer size and quantity, but it makes little difference. It's being trained on data going back to 2015.
I assume that there simply isn't enough data to obtain any insight into something as erratic as this with such a broad model. Is this to be expected, or am I doing something wrong?
submitted by Oninteressant123 to algotrading [link] [comments]

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent
In this week's edition of DDDD (Data-driven DD), I'll be going over the real reason why we have been seeing a rally for the past few weeks, defying all logic and fundamentals - retail investors. We'll look into several data sets to see how retail interest in stock markets have reached record levels in the past few weeks, how this affected stock prices, and why we've most likely seen the top at this point, unless we see one of the "positive catalysts" that I mentioned in my previous post, which is unlikely (except for more news about Remdesivir).
Disclaimer - This is not financial advice, and a lot of the content below is my personal opinion. In fact, the numbers, facts, or explanations presented below could be wrong and be made up. Don't buy random options because some person on the internet says so; look at what happened to all the SPY 220p 4/17 bag holders. Do your own research and come to your own conclusions on what you should do with your own money, and how levered you want to be based on your personal risk tolerance.
Inspiration
Most people who know me personally know that I spend an unhealthy amount of my free time in finance and trading as a hobby, even competing in paper options trading competitions when I was in high school. A few weeks ago, I had a friend ask if he could call me because he just installed Robinhood and wanted to buy SPY puts after seeing everyone on wallstreetbets post gains posts from all the tendies they’ve made from their SPY puts. The problem was, he actually didn’t understand how options worked at all, and needed a thorough explanation about how options are priced, what strike prices and expiration dates mean, and what the right strategy to buying options are. That’s how I knew we were at the euphoria stage of buying SPY puts - it’s when dumb money starts to pour in, and people start buying securities because they see everyone else making money and they want in, even if they have no idea what they’re buying, and price becomes dislocated from fundementals. Sure enough, less than a week later, we started the bull rally that we are currently in. Bubbles are formed when people buy something not because of logic or even gut feeling, but when people who previously weren’t involved see their dumb neighbors make tons of money from it, and they don’t want to miss out.
A few days ago, I started getting questions from other friends about what stocks they should buy and if I thought something was a good investment. That inspired me to dig a bit deeper to see how many other people are thinking the same thing.
Data
Ever since March, we’ve seen an unprecedented amount of money pour into the stock market from retail investors.
Google Search Trends
\"what stock should I buy\" Google Trends 2004 - 2020
\"what stock should I buy\" Google Trends 12 months
\"stocks\" Google Trends 2004 - 2020
\"stocks\" Google Trends 12 months
Brokerage data
Robinhood SPY holders
\"Robinhood\" Google Trends 12 months
wallstreetbets' favorite broker Google Trends 12 months
Excerpt from E*Trade earnings statement
Excerpt from Schwab earnings statement
TD Ameritrade Excerpt
Media
cnbc.com Alexa rank
CNBC viewership & rankings
wallstreetbets comments / day

investing comments / day
Analysis
What we can see from Reddit numbers, Google Trends, and CNBC stats is that in between the first week of March and first week of April, we see a massive inflow of retail interest in the stock market. Not only that, but this inflow of interest is coming from all age cohorts, from internet-using Zoomers to TV-watching Boomers. Robinhood SPY holdings and earnings reports from E*Trade, TD Ameritrade, and Schwab have also all confirmed record numbers of new clients, number of trades, and assets. There’s something interesting going on if you look closer at the numbers. The numbers growth in brokers for designed for “less sophisticated” investors (i.e. Robinhood and E*Trade) are much larger than for real brokers (i.e. Schwab and Ameritrade). This implies that the record number of new users and trade volume is coming from dumb money. The numbers shown here only really apply to the US and Canada, but there’s also data to suggest that there’s also record numbers of foreign investors pouring money into the US stock market as well.
However, after the third week of March, we see the interest start to slowly decline and plateau, indicating that we probably have seen most of those new investors who wanted to have a long position in the market do so.
SPX daily
Rationale
Pretty much everything past this point is purely speculation, and isn’t really backed up by any solid data so take whatever I say here with a cup of salt. We could see from the graph that new investor interest started with the first bull trap we saw in the initial decline from early March, and peaking right after the end of the crash in March. So it would be fair to guess that we’re seeing a record amount of interest in the stock market from a “buy the dip” mentality, especially from Robinhood-using Millennials. Here’s a few points on my rationalization of this behavior, based on very weak anecdotal evidence
  • They missed out of their chance of getting in the stock market at the start of the bull market that happened at the end of 2009
  • They’ve all seen the stock market make record gains throughout their adult lives, but believing that the market might be overheated, they were waiting for a crash
  • Most of them have gotten towards the stage of their lives where they actually have some savings and can finally put some money aside for investments
  • This stock market crash seems like their once-in-a-decade opportunity that they’ve been waiting for, so everyone jumped in
  • Everyone’s stuck at their homes with vast amounts of unexpected free time on their hands
Most of these new investors got their first taste in the market near the bottom, and probably made some nice returns. Of course, since they didn’t know what they were doing, they probably put a very small amount of money at first, but after seeing a 10% return over one week, validating that maybe they do know something, they decide to slowly pour in more and more of their life savings. That’s what’s been fueling this bull market.
Sentiment & Magic Crayons
As I mentioned previously, this bull rally will keep going until enough bears convert to bulls. Markets go up when the amount of new bullish positions outnumber the amount of new bearish positions, and vice versa. Record amounts of new investors, who previously never held a position in the market before, fueled the bullish side of this equation, despite all the negative data that has come out and dislocating the price from fundamentals. All the smart money that was shorting the markets saw this happening, and flipped to become bulls because you don’t fight the trend, even if the trend doesn’t reflect reality.
From the data shown above, we can see new investor interest growth has started declining since mid March and started stagnating in early April. The declining volume in SPY since mid-March confirms this. That means, once the sentiment of the new retail investors starts to turn bearish, and everyone figures out how much the stocks they’re holding are really worth, another sell-off will begin. I’ve seen something very similar to this a few years ago with Bitcoin. Near the end of 2017, Bitcoin started to become mainstream and saw a flood of retail investors suddenly signing up for Coinbase (i.e. Robinhood) accounts and buying Bitcoin without actually understanding what it is and how it works. Suddenly everyone, from co-workers to grandparents, starts talking about Bitcoin and might have thrown a few thousand dollars into it. This appears to be a very similar parallel to what’s going on right now. Of course there’s differences here in that equities have an intrinsic value, although many of them have gone way above what they should be intrinsically worth, and the vast majority of retail investors don’t understand how to value companies. Then, during December, when people started thinking that the market was getting a bit overheated, some started taking their profits, and that’s when the prices crashed violently. This flip in sentiment now look like it has started with equities.
SPY daily
Technical Analysis, or magic crayons, is a discipline in finance that uses statistical analysis to predict market trends based on market sentiment. Of course, a lot of this is hand-wavy and is very subjective; two people doing TA on the same price history can end up getting opposite results, so TA should always be taken with a grain of salt and ideally be backed with underlying justification and not be blindly followed. In fact, I’ve since corrected the ascending wedge I had on SPY since my last post since this new wedge is a better fit for the new trading data.
There’s a few things going on in this chart. The entire bull rally we’ve had since the lows can be modelled using a rising wedge. This is a pattern where there is a convergence of a rising support and resistance trendline, along with falling volume. This indicates a slow decline in net bullish sentiment with investors, with smaller and smaller upside after each bounce off the support until it hits a resistance. The smaller the bounces, the less bullish investors are. When the bearish sentiment takes over across investors, the price breaks below this wedge - a breakdown, and indicates a start of another downtrend.
This happened when the wedge hit resistance at around 293, which is around the same price as the 200 day moving average, the 62% retracement (considered to be the upper bound of a bull trap), and a price level that acted as a support and resistance throughout 2019. The fact that it gapped down to break this wedge is also a strong signal, indicating a sudden swing in investor sentiment overnight. The volume of the break down also broke the downwards trend of volume we’ve had since the beginning of the bull rally, indicating a sudden surge of people selling their shares. This doesn’t necessarily mean that we will go straight from here, and I personally think that we will see the completion of a heads-and-shoulders pattern complete before SPY goes below 274, which in itself is a strong support level. In other words, SPY might go from 282 -> 274 -> 284 -> 274 before breaking the 274 support level.
VIX Daily
Doing TA is already sketchy, and doing TA on something like VIX is even more sketchy, but I found this interesting so I’ll mention it. Since the start of the bull rally, we’ve had VIX inside a descending channel. With the breakdown we had in SPY yesterday, VIX has also gapped up to have a breakout from this channel, indicating that we may see future volatility in the next week or so.
Putting Everything Together
Finally, we get to my thesis. This entire bull rally has been fueled by new retail investors buying the dip, bringing the stock price to euphoric levels. Over the past few weeks, we’ve been seeing the people waiting at the sidelines for years to get into the stock market slowly FOMO into the rally in smaller and smaller volumes, while the smart money have been locking in their profits at an even slower rate - hence an ascending wedge. As the amount of new retail interest in the stock market started slowed down, the amount of new bulls started to decline. It looks like Friday might have been the start of the bearish sentiment taking over, meaning it’s likely that 293 was the top, unless any significant bullish events happen in the next two weeks like a fourth round of stimulus, in which case we might see 300. This doesn’t mean we’ll instantly go back to circuit breakers on Monday, and we might see 282 -> 274 -> 284 -> 274 happen before panic, this time by the first-time investors, eventually bringing us down towards SPY 180.
tldr; we've reached the top
EDIT - I'll keep a my live thoughts here as we move throughout this week in case anyone's still reading this and interested.
5/4 8PM - /ES was red last night but steadily climbed, which was expected since 1h RSI was borderline oversold, leaving us to a slightly green day. /ES looks like it has momentum going up, but is approaching towards overbought territory now. Expecting it to go towards 284 (possibly where we'll open tomorrow) and bouncing back down from that price level
5/5 Market Open - Well there goes my price target. I guess at this point it might go up to 293 again, but will need a lot of momentum to push back there to 300. Seems like this is being driven by oil prices skyrocketing.
5/5 3:50PM - Volume for the upwards price action had very little volume behind it. Seeing a selloff EOD today, could go either way although I have a bearish bias. Going to hold cash until it goes towards one end of the 274-293 channel (see last week's thesis). Still believe that we will see it drop below 274 next week, but we might be moving sideways in the channel this week and a bit of next week before that happens. Plan for tomorrow is buy short dated puts if open < 285. Otherwise, wait till it goes to 293 before buying those puts
5/5 6PM - What we saw today could be a false breakout above 284. Need tomorrow to open below 285 for that to be confirmed. If so, my original thesis of it going back down to 274 before bouncing back up will still be in play.
5/6 EOD - Wasn't a false breakout. Looks like it's still forming the head-and-shoulders pattern mentioned before, but 288 instead of 284 as the level. Still not sure yet so I'm personally going to be holding cash and waiting this out for the next few days. Will enter into short positions if we either go near 293 again or drop below 270. Might look into VIX calls if VIX goes down near 30.
5/7 Market Open - Still waiting. If we break 289 we're probably heading to 293. I'll make my entry to short positions when we hit that a second time. There's very little bullish momentum left (see MACD 1D), so if we hit 293 and then drop back down, we'll have a MACD crossover event which many traders and algos use as a sell signal. Oil is doing some weird shit.
5/7 Noon - Looks like we're headed to 293. Picked up VIX 32.5c 5/27 since VIX is near 30.
5/7 11PM - /ES is hovering right above 2910, with 4h and 1h charts are bullish from MACD and 1h is almost overbought in RSI. Unless something dramatic happens we'll probably hit near 293 tomorrow, which is where I'll get some SPY puts. We might drop down before ever touching it, or go all the way to 295 (like last time) during the day, but expecting it to close at or below 293. After that I'm expecting a gap down Monday as we start the final leg down next week towards 274. Expecting 1D MACD to crossover in the final leg down, which will be a signal for bears to take over and institutions / day traders will start selling again
5/8 Market Open - Plan is to wait till a good entry today, either when technicals looks good or we hit 293, and then buy some SPY June 285p and July 275p
5/8 Noon - Everything still going according to plan. Most likely going to slowly inch towards 293 by EOD. Will probably pick up SPY puts and more VIX calls at power hour (3 - 4PM). Monday will probably gap down, although there's a small chance of one more green / sideways day before that happens if we have bullish catalysts on the weekend.
5/8 3:55PM - SPY at 292.60. This is probably going to be the closest we get to 293. Bought SPY 290-260 6/19 debit spreads and 292-272 5/15 debit spreads, as well as doubling down on VIX calls from yesterday, decreasing my cost basis. Still looks like there's room for one more green day on Monday, so I left some money on the side to double down if that's the case, although it's more likely than not we won't get there.
5/8 EOD - Looks like we barely touched 293 exactly AH before rebounding down. Too bad you can't buy options AH, but more convinced we'll see a gap down on Monday. Going to work on another post over the weekend and do my updates there. Have a great weekend everyone!
submitted by ASoftEngStudent to wallstreetbets [link] [comments]

Bitcoin MACD strategy - Free Crypto Trading Bot

This week we decided to go with the new MACD crypto trading bot for the Bitcoin Perpetual (BTC-Perp). This strategy is based on the trend-following momentum indicator. Similarly to our RSI-VWAP version 2 we included the Money Flow index as an additional point for entry. This Bitcoin MACD strategy shows a good stable profit curve and has a significant number of observations in the backtest to confirm the results.
Video overview: https://youtu.be/D74fciPYhPg
Documentation: https://docs.wunderbit.co/free-tradingview-strategies/ftx-free-tv-scripts/bitcoin-macd-strategy-free-crypto-trading-bot
submitted by wunderbit_co to u/wunderbit_co [link] [comments]

BTC market analysis

From the perspective of Bitcoin's 4-hour chart cycle, the price of Bitcoin continued to fall after reaching a high of 12,000. Judging from the 4-hour BOLL indicator, the upper rail starts to fall under pressure, and the short-term K-line price runs above the middle rail. I think there is still the possibility of a downward breakthrough in the evening, and the probability will be around 11580 and 11480. The fast and slow lines of the MACD indicator are glued, and a dead cross is about to be formed, and the red column kinetic energy is about to turn green. KDJ indicators gather and diverge downward. From the perspective of various cycles and indicators, Bitcoin in the evening is still bearish.
submitted by anonymouschen to u/anonymouschen [link] [comments]

Cryptocurrency technical analysis: cryptocurrency assets began the rally

Cryptocurrency technical analysis: cryptocurrency assets began the rally

Cryptocurrency technical analysis: cryptocurrency assets began the rally
Top crypto assets have been in an uptrend this week. One of the reasons for the growth was the positive dynamics in the US stock market. This was facilitated by the decision of the US Federal Reserve to continue the asset repurchase program in current volumes until March 2021. In addition, a number of news has influenced the digital asset market. So, on July 25, Chief Justice of the District Court of the District of Columbia Beryl Howell recognized bitcoin as a form of money and stated that the asset falls under the money laundering law. This decision was made during the $311 million laundering case, where the head of the Coin Ninja crypto project Larry Dean Harmon is the defendant.
Also since the beginning of the week, Bitcoin futures trading volumes have shown impressive growth, and the regulated crypto exchange Bakkt has reported closing of record high trading sessions. Also, significant support for the growth of the first cryptocurrency was provided by the massive closing of short positions, which were liquidated on July 28 for more than $500 million. And on July 29 it became known that the Central Bank of the Philippines is now participating in the race to launch the first national cryptocurrency. For this, a special committee will be created that will study the issue of launching the CBDC and the legal norms necessary for its work.

Bitcoin

After a rebound from support at $9150, bitcoin quotes easily overcame the $9500 level, which now also acts as support. The 200-day simple moving average (SMA) line passes in this area, as well as the boundaries of the technical analysis “Triangle” (they are marked in pink on the chart below). This allowed Bitcoin to reach the first goal in the form of cluster boundaries of $9,900- $10,000 and $10,400- $10,500.
Now the movement is taking place within the consolidation of $10,800- $11,300. In the coming weeks, maintaining the upward momentum will allow BTC quotes to rush to the following targets — $11,580 and $12,000. divergences ”between the highs on the chart and the MACD oscillator. If this scenario is realized, the targets will be the levels of $10,400 and $10,000. Further downward movement looks unlikely, but may lead to a retest of the $9,500- $9,600 area, where whales will most likely prefer to gain new positions in bitcoin.

BTC / USD chart, four-hour timeframe
On the daily chart of Bitcoin, you can see that there was a breakthrough of the boundaries of the technical analysis model “Triangle” (in the chart below they are marked in orange). From the point of view of technical analysis, a retest of the upper border of this figure should follow in the near future. This can lead to a decrease in the price from the current resistances of $11,000 and the cluster $11,200- $11,300 back to the supports at $10,500 and $10,000. If this scenario is implemented, there is also a chance of Bitcoin falling to the important cluster of $8900 (50% retracement at Fibonacci levels) — $9580.
The presence of divergence between the BTC price and the MACD oscillator indicates a high probability of a correction. But at what levels this reversal will occur is not yet known. But until the end of this year, the first cryptocurrency is ready to maintain its growth trend, which can lead to reaching $11,800, $12,500, a cluster of $13,100- $13,350 and $14,000.

BTC / USD chart, daily timeframe

Ethereum

Altcoins went up after bitcoin. The ether also shows good growth, the quotes of which continue to confidently rise from the support at $233, below which the 200-day SMA line is located. After overcoming the first target at $280, the ether rushed to the next targets located at the resistance levels of $300 and $320.
Now the ETH quotes have returned to the framework of the “Flag” graphical model, which can reduce the volatility of the asset. At the same time, a correctional decline below $320 will allow big capital to gain positions. The support levels will be $300, $280 and $251. The targets for the development of a long-term upward movement are $363.80, $400 and $420.

ETH / USD chart, daily timeframe

Litecoin

On the daily chart, Litecoin confidently maintains a positive momentum, which led to a breakout of the boundaries of the Descending Triangle technical analysis model. The upward breakout of the $47.45 level, just above which the 200-day moving average (MA) line is located, allowed LTC to go to the targets of $51.50 (38.2% correction level along the Fibonacci lines) and $56.80.
In the medium term, further upward movement may develop to $60.80, $65, $70 and even $83. However, in the event of a correction from the current levels, the whales are likely to gain positions only at the previously tested levels of $50 and $51.50.

LTC / USD chart, daily timeframe

Bitcoin Cash

Bitcoin Cash, as expected, soared from the borders of the “Triangle” price model (on the chart below the borders are marked with pink lines) to the resistance located at the upper border of the “Horizontal Channel” $200- $272. Then the altcoin continued its way to the $305 area.
A correction may develop towards the 200-day SMA line, which is located in the $272 area. But in the long run of the coming months, we can expect a breakout of the $305 level, which will allow Bitcoin Cash to go up to the $356- $368 cluster and further to $400.

BCH / USDT chart, daily timeframe

XRP

XRP also took advantage of an influx of liquidity, which led to the breakout of the boundaries of the Descending Triangle model. This allowed the asset to break through the boundaries of the “horizontal channel” of $0.18- $0.2050, in the area of which the 200-day MA line passes. As a result, XRP reached its first targets at $0.2360 and $0.2540.
In the long term, the bulls will be able to take profits at $0.27, $0.2860 and $0.3080. At the same time, the levels of $0.2040, $0.2360 and $0.2540 in the event of a correction can act as supports for the current XRP quotes.

XRP / USD chart, daily timeframe

Binance Coin

Binance Coin also did not fail to take advantage of the market situation to break through the resistance in the form of the upper boundary of the “Ascending Triangle” and the level of $18.14. This allowed us to start the long-awaited growth towards the first target in the form of a powerful $19.36– $20 cluster. Maintaining this momentum in the months ahead will lead to the achievement of targets at $21.30, $23.50, $25.80 and $28.20.
But before that, the asset may wait for a correction to the levels of $19.36 and $18, where the 200-day SMA line is located.

BNB / USDT chart, daily timeframe
At the end of this week, we can confidently say that another rally has begun among crypto assets. Moreover, it occurs before the start of the correctional decline on the world stock markets, which some investors warn about. Thus, the cryptocurrency market is becoming a new safe haven for whales, which have preferred to accumulate positions since March. We will not be surprised if this upward movement will last more than one month.
Subscribe to our Telegram channel
submitted by Smart_Smell to Robopay [link] [comments]

BTC week K line, double dip, half day K overshoot, mainly high, low auxiliary!

As the new week began, Bitcoin broke through the underside of the triangle in a strong fashion earlier today and failed to be recalled, with the currency now trading around 9,100 in a choppy fix.
The lowest insertion point is 8915 at 2pm, which is also the position of the 62nd daily line, which is also the support line of the March 30th rally and the April 16th bottom.
And 1 hour close relatively long cross star, RSI also picked up from the oversold area, short - term rebound demand.
In addition, seen from the naked K, the half-day line is also oversold, which will form a shock uptrend in the short term, but the medium level is still bearish.
In terms of indicators, MACD and KDJ are deadcross downward, and the 12-hour level MACD breaks the zero axis, MA5 breaks the MA10 on the average line, and the medium level disk is temporarily a short signal.
Today is still dominated by the upper air, lower more auxiliary.
submitted by 60COM to BJEXPro [link] [comments]

Some Bull Porn For ya

We are on the cusp of the greatest rally in crypto history. 2020 will not be the year in my opinion, it will be the prelude. 2021 is where the real magic happens, in my opinion.
Fundamentals:
Cryptocurrency based on a pure functionality stand point hasn't changed, especially for Bitcoin and Litecoin. They both just work, never have not worked and will always work. The base code for both are simple, but clean. Litecoin developers experimenting with privacy is huge but I'm glad it isn't being rushed and is not being hyped unnecessarily.
Fundamentals on a money flow standpoint and awareness standpoint is where the real progress is. Traditional finance institutions have created an increasing amount of new gateways for money to flow into crypto. Fidelity, Bakkt, CME, Grayscale, ect all have created instruments to bring money to crypto. These new instruments will bring in institutional money as there are now legal ways for them to invest and more retail money as some people still dont trust the likes of coinbase (which is totally fair). When the bull arrives, the landscape is setup for success.
On the Awareness side, there are significantly more eyes on Cryptocurrency than ever before. Sure not everyone talks about it everyday or even has a thought about it every day but they know about it and know to look for it when the time comes. I would say actually knowledge of Bitcoins existence has increased 100x since 2017 if not more.
The Bitcoin halving is another bullish fundamental. The halving, short term, will probably see the price decline as miners hedge against their profits being cut in half, but long term this will cause price to appreciate. This is a simple stock to flow model where there are less coins created to sell overtime.
Technicals:
From a TA standpoint, Crypto looks like it is at the beginning of a break out. Bitcoin and Litecoin are both printing divergences on the Monthly RSI, Both about to Cross over on the monthly MACD, Both Turned Bullish on the Monthly Squeeze Momentum indicator, Both on a bullish Monthly TD Sequential count down with a green 2 above a green 1 of 9 candle. The last thing to do is print a higher high above the last long term swing high at 14k and 140 respectively, this would solidify the long term trend in my opinion.
Looking at Google Trends as well, we are beginning to see increases for the keywords like Bitocin Halving, Bitcoin, Coinbase, Bitcoin Price, Cryptocurrency, Crypto, ect. Obviously this is has some noise attached to it and doesnt mean much on it's own, but with all the things I listed above, this is an amazing sign.
I'm no psychic or fortune teller, I have no idea where the price is going from here, it could go to 0, but this is my outlook. I think over the short term there will be a lot of dips and a lot of volatility, but long term the trend is up in my opinion. Patience is key here, like I said in the beginning, 2021 is where we see the real bull run in my opinion.
With all that being said , never invest more than you can afford to lose, have good money and risk management, sit back and enjoy the ride cause it's a crazy one.
submitted by iDONATELLO to LitecoinMarkets [link] [comments]

The basics of crypto-trading: indicators, charts and trend lines

The basics of crypto-trading: indicators, charts and trend lines

The basics of crypto-trading: indicators, charts and trend lines
Halving on the Bitcoin network has become one of the key events in the cryptocurrency market, which has fueled the interest not only of long-standing players, but also has caused the release of new ones. This is evidenced by recent data on the growing demand for crypto assets on top cryptocurrency exchanges such as Bithumb Global. For those who are just getting acquainted with the crypto-market and want to try their hand at trading a new class of assets, we will tell you what tools crypto-exchanges offer and how to use them in crypto-trading.
To start trading cryptocurrencies, you must first select:
• Crypto-wallet — there are several types of crypto-wallets: hot, cold, desktop, mobile and paper. All of them provide different levels of security and convenience. At the same time, the best option for storing cryptocurrencies is the use of two different wallets — hot and cold. So do most large companies working with digital assets.
• Crypto-exchange is a trading platform that will allow you to exchange, buy and sell cryptocurrencies. Such platforms can be centralized (CEX), decentralized (DEX) or hybrid, combining the qualities of CEX and DEX.
• A crypto-portfolio is a collection of crypto-assets collected for profit. It is best to form it in three stages: part of the currency for long-term storage (from 1 year and longer), another part — a medium-term deposit (up to six months) and a deposit for trading for several days or a week. When starting crypto trading, it is advisable to diversify your investment in a deposit for trading, paying attention not only to the potential of a particular coin, but also to the ways of earning that the cryptocurrency market offers. Experts advise at the initial stages to choose assets from the top 10 rating by capitalization.

Terminology

Order — a trader’s request for a cryptocurrency transaction. Orders are divided into market orders — for purchase (Buy) or sale (Sell), and pending — requests for a transaction at a non-market price, waiting for it to be at the right level. Pending orders include:
⁃ Limit — for sale / purchase at a price higher / lower than the current market price
⁃ Stop loss — orders to limit the loss
⁃ Take Profit — Take Profit Order
Market maker and market taker are market participants who create and accept orders. The market maker creates a new transaction request, increases the turnover of the exchange and raises the liquidity of the crypto asset, while the receiving market taker takes the asset out of circulation, lowering its liquidity. In this connection, different commissions are introduced on some crypto exchanges for makers and takers.
Exchange Cup or Order Book — a table with limit orders, which displays the closest sellers and buyers, where sellers’ orders are marked in red, and buyers are marked in green. The columns of the table show the number of cryptocurrencies and the price at which they intend to sell or buy. At the junction of these tables, a spread is formed — the difference in the price of supply and demand. The lower the spread, the more liquid the cryptocurrency. The analysis of the stock market is a leading indicator of the state of the market, since it allows you to predict changes before they happen.
Long and short positions (Long and Short) — the usual “mode” of trading. In the case of a long position, we buy cheaper and sell more. It is believed that the growth of assets in the market is a long process, therefore, work in this direction is also called long. The second option means a short position, that is, a game for a fall. The market believes that the decline in the value of assets occurs quickly, that is, in a short time. Therefore, this position is called “short.”
Exchange chart — shows the change in the price of cryptocurrency over time and is the most important tool for technical analysis. Charts display price changes with a line, bar and candlestick.
Bulls and bears — in the market so-called buyers and sellers. There is an analogy with the nature of animals: buyers always push the price up, creating a demand for something, and it turns out that the price seems to be pushed by horns. In this connection, bulls are optimists, they believe that the prices of the shares they bought will rise, and someday they will sell the asset more expensive than they bought. The bulls in the market are overwhelming (by approximate estimates, up to 80%), long investments are kept on them, and the bull trend means stable growth of stocks and general welfare. Bears, in turn, are sellers who have learned to capitalize on a falling market: they usually try to sell cryptocurrencies faster, often lowering the price of an asset. Concluding a contract for the sale, they fix its value, and then wait until the goods fall in price, close the deal and put the proceeds in their pocket. Bears are interested in a constant reduction in prices and achieve their goal, provoking an increase in supply: open short positions and sell until the price drops to the desired level.
Technical analysis is a set of tools for market forecasting of prices based on the movement of value in the past. In technical analysis, the same tools can be used for different markets and trading pairs with a slight adjustment of indicators. Also, technical tools are equally successfully used on any timeframes — from a minute to a year.
Fundamental analysis — this type of analysis is based on the consideration of financial and production market indicators that may affect the price of a traded instrument. The mood of market players, current and growing trends, indicators of production activity — all this information can give an extensive idea of the potential of the investment object in question. The main disadvantage of the fundamental analysis is that the information provided by him is insufficient to predict the movement of prices in some local areas. It is possible to determine a potentially good company that has excellent financial performance and has real prospects, but it will be impossible to determine the moment of entering a short-term profitable trade with a good indicator of risk to profit ratio.
Pattern — behavioral model / trading setup / market pattern. Patterns are one of the most common methods for analyzing price movements. Each pattern is always based on a certain idea, the simplest and most understandable. There are a lot of trading models, but all of them are derived from the classical model of breakdown or rebound from certain significant price levels.

Basic cryptocurrency trading tools at Bithumb Global

Using the example of a centralized cryptocurrency exchange Bithumb Global, we will analyze the main elements that cryptotraders will encounter in the initial stages of trading. When choosing a cryptocurrency exchange, first of all, you need to pay attention to the presence of:
⁃ Convenient ways to deposit and withdraw funds
⁃ Fiat currency support
⁃ High number of trading pairs
⁃ Information on the current state of cryptocurrency rates
⁃ Cryptocurrency Rate Charts
⁃ Technical indicators
⁃ Different levels of user verification
⁃ Built-in cryptocurrency wallet
⁃ 24/7 tech support
On the Bithumb Global main page, a selection of top trading pairs is offered, where cryptocurrency tickers are listed, their price, exchange rate for the last day, daily trading volume and the asset quotes movement chart.

Top trading pairs at Bithumb Global. Source.
If you select a pair from this list, then Bithumb Global will automatically transfer the user to the Base Version of Spot Trading. Spot trading — the terms of the transaction with cryptocurrency, in which payment is made to both parties immediately.
Here the user can get acquainted with the latest price of an asset, the volume of transactions with it, data on transactions and the minimum and maximum prices for the last day.

Basic Version of Spot Trading on Bithumb Global. Source.
You can select another trading pair in the top menu by hovering over the corresponding button, but the easiest way is to find the desired pair through the search. At the same time, the Professional Version of Spot Trading opens up a wider set of tools for the user, which will be discussed later.

Trading Tools Professional Version Bithumb Global

On the Professional Version, users can use price charts in the form of Candles, which look like a series of vertical lines and display price changes, where the upper point shows the maximum that the price has reached and the lower one — the minimum. If the closing price is lower than the opening, then the candle will be painted red or black, and if higher, then green or white. Knowing the direction of the price movement (body color of the candle), we can say exactly where the closing and opening prices are.

Price chart in the form of Candles at Bithumb Global. Source.
Also in this version of Spot Trading, a price chart is available to users in the form of a Glass, where sellers ‘bids are marked in red and buyers’ bids are marked in green. The analysis of the stock market is a leading indicator of the state of the market, since it allows you to predict changes before they happen. If, for example, a large congestion of sales requests at the upper price limit can be noted, then as soon as the market reaches this limit, a recession will provoke, triggered by a large number of sales.

Price chart in the form of a Glass on Bithumb Global. Source.
Price charts also have different timeframes — from 1 minute to 1 week, which allows you to conduct a more in-depth analysis of the movement of quotes of the selected asset.

Bithumb Global price chart timeframes. Source.
Also in this version of Bithumb Global, various Indicators are available to traders. In total, the cryptocurrency exchange provides about 80 different indicators that will help in the technical analysis of the movement of crypto asset quotes.
Let’s analyze the main indicators available on Bithumb Global:
Volume — allows you to track the number of transactions completed by traders over a specific time interval. Green and red bars are indicators of the volume of transactions: red signals a decrease in volume, green — its growth. By analyzing the volume of transactions against the background of the price movement chart, you can confirm the strength of the trend or reveal its weakness and predict a price reversal. If prices rise and trading volume rises, we observe a bullish trend. An increase in trading volume in the event of a decline in prices indicates a bearish trend.
Moving Average (MA) is just as popular a tool as volume is. The indicator function analyzes the average prices for the selected time interval, which gives a relative idea of the general price trends. If the actual price of cryptocurrency for a long time keeps above the moving average, we can assume that it will continue to grow. Accordingly, a fall below MA is a signal to lower the price of an asset. For more accurate forecasts, it is advisable to use several moving averages based on different time intervals. Moreover, in case of disagreement, it is customary to consider the value of the average based on a longer period of time. If the signals from several moving averages coincide, we can talk about a fairly accurate forecast.
MACD (Moving Average Convergence Divergence) — having trained on one moving average, we will move on to a comprehensive analysis of this indicator. The MACD tool analyzes the convergence and divergence of three moving averages and can signal the beginning of a new trend. MACD also works well on different timeframes and is a fairly simple and popular indicator of technical analysis.
Zig Zag is an auxiliary indicator that analyzes the highest and lowest points of the cryptocurrency exchange rate and allows you to determine the correct entry points into the market. The plus of the indicator is that it eliminates the noise that can distort the forecast of the trend behavior. Minor fluctuations are simply not taken into account: lines connect the highest and lowest points of the price chart directly. The zigzag shows global market movements, but at the same time it only captures these changes in the past, without giving forecasts on the price behavior in the future.
Relative Strength Index (RSI) — shows the greatest efficiency in a sideways trend. With active course dynamics, RSI may produce incorrect data. Such indicators of technical analysis are called oscillators, and they must be used with caution. The indicator’s algorithms analyze price changes and allow you to evaluate the oversold or overbought status of an asset and, therefore, predict the occurrence of a bull or bear trend.
CCI (Commodity Channel Index) — The CCI or Commodity Channel Index, as well as the Relative Strength Index (RSI), helps evaluate overbought or oversold assets. This chart with values from minus 100 to plus 100 is displayed under the current price chart and can be applied on any timeframes. A CCI of more than a hundred means that the asset is overbought, and the price is about to fall, and on the contrary, a CCI below minus one hundred indicates the oversoldness of the asset and the likely increase in its price. This tool also refers to oscillators and is used during a lateral trend when there is no clear idea of how the price will behave in the near future.
ADC and DI — the index of the average direction and direction of movement, signals a change in trend. It looks like three lines on the chart: red — bears, green — bulls, blue (there may be other colors on different platforms) — the strength of the trend. This indicator is fairly reliable on four-hour and day frames. If the trend strength line is within 10−20 points, this indicates that the trend is gaining strength, but if the indicators reach 60−80 points, you should wait for the trend correction. The green and red lines will show who sets the market mood — bulls or bears. If the green line crosses the red line, the trend becomes bullish, and vice versa.

Indicators at Bithumb Global. Source.
Another useful tool available on the Professional Version of Bithumb Global is Trend Lines. It allows you to demonstrate in which direction the price of an asset is moving. The Dow theory, which is the basis of all technical analysis, suggests that no matter how the price behaves, it will always be in a particular trend. If the price behaves relatively evenly and stays in the same range without showing either growth or decline, such a trend is called a side or flat trend.
A growing (“bullish”) trend is characterized by the appearance of a series of ascending highs, with each new peak must be higher than the previous one. Accordingly, the “bearish” downtrend shows points of failure (price low), each subsequent of which will be lower than the previous one.
A trend line can be built on two points of a minimum or maximum, and a third confirming one is mandatory. The more points form a trend line, the more confident and stable the trend itself. The construction points should not be too close to each other in the time frame, otherwise the direction of the trend will not be completely correct. Please note that the uptrend line is plotted below the chart, and the downtrend is above it. The slope on the trend line should also be taken into account — its constancy indicates the stability of the trend. The change in the angle of the trend line is called the acceleration or deceleration of the price movement. The larger the angle, the faster the trend.
A line through price lows is called a support line. As soon as the price reaches it, it finds market support there and, pushing off, again strives upward. The line connecting price highs is called the resistance line.This is the level above which the value of the asset has not yet risen. If the price breaks the support or resistance line, this is a clear signal for a trend violation and a change in trading tactics.

Trendlines at Bithumb Global. Source.

Finally

The above are the basic trading tools available to traders of the Professional Version of the Bithumb Global crypto-exchange. They will help you figure out how to properly analyze the key metrics of cryptocurrency assets so that you can build the most advanced trading strategy. However, this is not the whole range of tools available to Bithumb Global traders. Follow DeCenter materials to learn about the intricacies of cryptocurrency trading on the advanced cryptocurrency exchange.
Subscribe to our Telegram channel
submitted by Smart_Smell to Robopay [link] [comments]

LOEx Market Research Report on July 1: Bitcoin is under high pressure, there is not any predictable good news

LOEx Market Research Report on July 1: Bitcoin is under high pressure, there is not any predictable good news
[Today's Hot Tips]
1. [New York Digital Investment Group completes a $190 million institutional Bitcoin fund raising]
According to Reuters, New York Digital Investment Group (NYDIG) disclosed that it has completed a US$190 million Bitcoin fundraising. The NYDIG institution Bitcoin Fund LP has 24 investors and was exempted according to the Regulation D Safe Harbor Protection Regulation 506(b) established in 2013. Little is known about the fund.
2. [Ethereum developers delay "Berlin" hard fork]
According to CoinDesk on June 30, Ethereum core developers decided to postpone the development of the "Berlin" hard fork until at least August in order to give other customers the opportunity to increase their network share.
3. [Samsung SDS launches digital transformation experience service, including blockchain platform]
According to Yonhap News, Samsung SDS today launched the "my trial" service, which can be used to experience the core technology of digital transformation. The service includes four types of platforms including artificial intelligence and Internet of Things, automated collaboration, blockchain, and cloud services. These platforms can be used for 90 days in the cloud environment for free.
[Today's market analysis]
Bitcoin (BTC)BTC rebounded slightly in the early morning after the probe, and now it is oscillating around 9150 USDT with small fluctuations. Mainstream coins were adjusted slightly within the day. BTC is currently reported at 9130.3 USDT on LOEx Global, a drop of 0.38% in 24h.
BTC closed the negative line yesterday, the trading volume has shrunk below the moving average from the previous day, the price is located near the 5-day moving average, the short-term moving average is arranged in a short trend, the MACD is located below the zero axis, the fast and slow line trend is downward, and the energy bar is located below the zero axis. The value increases. Although Bitcoin has completely recovered its lost ground in the following time after the plunge at 312, the price of Bitcoin has been difficult to break through 10,000 US dollars in the past two months, indicating that this key point has particularly high resistance.
In addition, the author also believes that Bitcoin has also used up the major benefit of halving. There is no predictable good news for the time being. In addition to the "grayscale", institutional investors have not heard of other institutional investors buying in large quantities. At most, it's a small deal. The most important thing is that the entire market is so sluggish and fragile. The epidemic has made any country overwhelmed and the situation is very serious. Although US stocks have recovered their previous losses and maintained a relatively stable state, the downturn in the real economy will soon be reflected in US stocks, everything is in uncertainty, and there is a possibility of a crash at any time. In the second half of 2020, the price of Bitcoin will hover between 6000-10000 US dollars.
Operation suggestions:
Support level: the first support level is 9000 points, the second support level is 8800 integers;
Resistance level: the first resistance level is 9200 points, the second resistance level is 9500 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.
https://preview.redd.it/ygtt2fehw6851.png?width=818&format=png&auto=webp&s=a6a42f9721076e6be3126ff0308753f2ed50635c
submitted by LOEXCHANGE to u/LOEXCHANGE [link] [comments]

Bitcoin Stays Above $8,800 As The U.S. Government Considers New $3 Trillion Debt

Bitcoin Stays Above $8,800 As The U.S. Government Considers New $3 Trillion Debt

The Total Amount Of US Government Debt Will Equal $25 Trillion US Dollars
The world’s leading cryptocurrency, Bitcoin, managed to recover from the downtrend over the past weekend and stayed above the $9,000 psychological barrier, before correcting to $8,832.56, as of press time.
Despite its weekly closing correction, which pushed down Bitcoin’s price in the $8,500 region, the leader in the crypto sector rebounded and found strong support in the $8,700-$8,850 regions. The support was followed with a short consolidation period, despite the trading turbulence оn global level as of 4th May.
Source: Coin360 \"Hourly crypto market price chart\"
Bitcoin’s safe haven behavior continues, as the U.S. Treasury announced that the institution is going to borrow up to $3 trillion in Q2 of 2020 to subsidize the economy due to the recent COVID-19 virus outbreak. The new debt would result in a total of $24.9 trillion in the red. The US debt has increased with $1.5 trillion since 1st of March.
Also, the Federal Emergency Management Agency published a forecast model showing 200,000 new infected cases every day until 1st June, with an estimated daily death toll of 3,000 deceased, as States re-open.
Another pressure point for the U.S. economy is that more than 30 million Americans remained without jobs and filed for unemployment.
The pressure resulted in drops in the major US indices, which this time did not correlate into the world of cryptocurrencies, as it happened with the “Black Thursday” event on March 12. Bitcoin bulls set their target to $9,500, as trading volumes suggest clear skies above.
However, technical analysis shows strong resistance at $9,000, as Bitcoin struggled to keep its ground above the 20-day moving average. Bitcoin was rejected three times at $8,950 with Bitcoin bulls anticipating moves above $8,970, which would clear their way up.
Other indicators, such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) hint bullish market, as the RSI jumped from 47 to 60.
In the last hours on 5th May, Bitcoin slipped below $9,000 in seems to be a straight freefall form the high of $9,047.53, according to data from CoinMarketCap.
Тhe main force of recent bullish activities, according to traders, can be attributed to the upcoming third BTC halving, scheduled for next Monday, 11th May. As the price per mined Bitcoin decreases, so does inflation, and experts consider the halving procedure as a clear indicator for a price pump. However, some market analysts fear that the halving would affect prices negatively in the short-term, especially with the ongoing economic uncertainty worldwide.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

Can Bitcoin separate from the independent market

Can Bitcoin separate from the independent market
Recently, the price of Bitcoin plunged to $ 3,600 on BitMEX and $ 3,800 on Bitfinex, setting the worst one-day drop in seven years. The sell-off coincided with a sharp correction in the US stock market.
Bitcoin, at least in theory, should be a safe-haven asset immune to the turbulence of traditional financial markets. However, in the past two weeks, as investors frantically sold high-risk assets, Bitcoin has begun to fall in sync with the stock market.
Do US stocks dive leading crypto market down?
Over the past week, the bitcoin price has responded to several key events, including President Trump's announcement of a 30-day travel ban between the United States and Europe, and the Federal Reserve's announcement to reduce the federal benchmark interest rate to 0.00% -0.25% Levels and more.
Compared with the trend of S & P 500, Bitcoin is almost the same as Bitcoin.
https://preview.redd.it/2asc4s2plfn41.png?width=600&format=png&auto=webp&s=495f610ada720436a3abfd8e97d66ac062def543
OKEx's advanced analysis is that William told Golden Finance, "Just as bitcoin price has no correlation with gold, there is no obvious correlation between bitcoin and U.S. stocks. The reason why U.S. stocks and bitcoin are falling is that the market is too lacking Liquidity, all funds are looking for safe, liquid assets. "
He explained by way of example that, in normal time, the water in the well is difficult to connect with the water in the lake; but the sky fell and the water levels of the lake and the well fell sharply. Even so, there was not much connection between the two sides. Just because of the influence of the big climate.
US stocks are about to open. How is Bitcoin trending?
In the early morning of March 18, local time, all three major US stock index futures fell, triggering trading restrictions.
The S & P 500 index futures contract for June 2020 fell to 2393.50 points, down 3.70%, hitting trading restrictions. The NASDAQ (7334.78, 430.19, 6.23%) index futures contract for June 2020 fell to 7064.25 points, hitting trading restrictions. The Dow Jones (21237.3809, 1048.86, 5.20%) index for the June 2020 contract was reported at 2039 points, which also hit trading restrictions.
Only 2 hours from the opening of the US stock market, will the US stocks reappear?
In this regard, industry analysts believe that the current US government is preparing to introduce the US $ 700 billion to the US $ 1 trillion stimulus plan and issue it directly to the public. All the US stocks rose due to this positive impact yesterday. But whether the liquidity crisis can be resolved is still a question mark. In addition, there are already confirmed cases in all states in the United States, the number of confirmed diagnoses in Europe is also rising sharply, a large number of factory shutdowns, which has a great impact on the stock market, so the probability of US stocks will fall in the next few months. Investors are not advised to take a dip at this time. It is now a crisis period and a dip is now a high-risk event. Regarding Bitcoin, it is recommended that you do not buy it, for the time being, at least it is not too late to buy it after the liquidity crisis has passed.
In terms of technical indicators, BTC remained within the rising triangle range formed after the recent big drop. The rebound started yesterday evening with the rise of U.S. stocks, but the strength was limited, and it was difficult to form a more powerful rebound in the short term. After wearing the Bollinger Middle Rail for 4 hours, the MACD bullish measuring column started to weaken above the 0 axes. The fast and slow lines have flattened, and the short-term upward momentum is insufficient. In the near future, it is still shock-organized. Parallel head up, volume matching, and breaking through the 4-hour potential double bottom neckline to suppress the high point of $ 5,950. Later, it is expected to test the previous low of 6400-6500. At present, the support below is the uptrend line. Today's limit is 4850. US dollar, the next 4-hour level is 4880 US dollars, short-term support to increase about 30 US dollars every 4 hours, the short-term operation can pay attention to these positions, the current overall maintenance of the triangle interval, waiting for direction choice.
https://preview.redd.it/gi1j9jewlfn41.png?width=600&format=png&auto=webp&s=bcdd2da52cd6a7de41d561c21760d8ff7eb6fc32
submitted by FinnHe to Bitcoin [link] [comments]

The Ichimoku Cloud And Trading Strategy

The Ichimoku cloud indicator is a technical indicator of Japanese origin and was a proprietary indicator with its Japanese formulator for around 30 years.
It involves calculating five lines of short to medium duration on the high, low and close of a security’s prices and plotting an area, between two of these five lines, better known as Ichimoku cloud.
These lines help in determining the direction, momentum and support-resistance levels for the time series data. The Ichimoku cloud indicator also generates buy and sell trading signals and is usually plotted along with candlestick to enable better decision making and clearer plots. Calculations for the lines are simple and the time period chosen is somewhat arbitrary:
  1. Tenkan Sen or Conversion Line: (20-period-high + 20-period-low)/2
  2. Kijun Sen or Base Line: (60-period-high + 60-period-low)/2
  3. Senkou Sen A or Leading Span A: (Base Line + Conversion Line)/2
  4. Senkou Sen B or Leading Span B: (120-period-high + 120-period-low)/2
  5. Chikou Span or Lagging Span: (Close of 30 periods ago)
The Direction Of The Price Action
The Ichimoku cloud is formed between the Leading Span A and Leading Span B and helps in determining the strength and direction of the price action. For example, the direction or trend of the price action is up when the prices are above the Ichimoku cloud. Similarly, the direction of the price action is down when prices are below the Ichimoku cloud and the direction is flat when the prices are somewhere in the Ichimoku cloud.
The Strength Of The Price Action
The Strength can be estimated using the difference between the Leading Span A and B lines. When the Leading Span A is increasing and above the other span line, the increase in the difference signifies strength in the uptrend. It also means that the Ichimoku cloud is getting thicker. Similarly, the growth of the Leading span B over the other span line signifies strength in the downtrend and the thickness of the Ichimoku cloud increases again though in the opposite direction.
Python Code And Trading Strategy
The Python code below loads the OHLC data for a cryptocurrency named Bitcoin. It then calculates, plots the various components and the Ichimoku cloud using the pandas and matplotlib functionality.
1234567891011121314151617181920212223242526272829303132333435363738394041
## import packages import pandas as pd import matplotlib.pyplot as plt # read the excel; set ‘date’ column as index; rename the columns; #discard columns other than Date and OHLC df = pd.read_excel( 'BTC.xlsx' ,index_col = 'Date' ,names = [ 'Open' , 'High' , 'Low' , 'Close' ], usecols = range ( 5 )) df.sort_index(inplace = True ) ## Sort in chronological order or as earlier dates first df = df.loc[ '2016-10-01' : '2018-9-30' ] ##Select some data using pandas’ .loc indexing # set values for the time periods to be used later # becomes easier this way to change the time period values later to customise the calculations CL_period = 20 # length of Tenkan Sen or Conversion Line BL_period = 60 # length of Kijun Sen or Base Line Lead_span_B_period = 120 # length of Senkou Sen B or Leading Span B Lag_span_period = 30 # length of Chikou Span or Lagging Span # add to the dataframe, different components of the Ichimoku # use shift function to shift a time series forward by the given value df[ 'Conv_line' ] = (df.High.shift(CL_period) + df.Low.shift(CL_period)) / 2 df[ 'Base_line' ] = (df.High.shift(BL_period) + df.Low.shift(BL_period)) / 2 df[ 'Lead_span_A' ] = (df[ 'Conv_line' ] + df[ 'Base_line' ]) / 2 df[ 'Lead_span_B' ] = (df.High.shift(Lead_span_B_period) + df.Low.shift(Lead_span_B_period)) / 2 df[ 'Lagging_span' ] = df.Close.shift(Lag_span_period) df.dropna(inplace = True ) # drop NA values from Dataframe # plot the data using matplotlib's functionality #add figure and axis objects fig,ax = plt.subplots( 1 , 1 ,sharex = True ,figsize = ( 20 , 9 )) #share x axis and set a figure size ax.plot(df.index, df.Close,linewidth = 4 ) # plot Close with index on x-axis with a line thickness of 4 ax.plot(df.index, df.Lead_span_A) # plot Lead Span A with index on the shared x-axis ax.plot(df.index, df.Lead_span_B) # plot Lead Span B with index on the sahred x-axis # use the fill_between call of ax object to specify where to fill the chosen color # pay attention to the conditions specified in the fill_between call ax.fill_between(df.index,df.Lead_span_A,df.Lead_span_B,where = df.Lead_span_A > = df.Lead_span_B, color = 'lightgreen' ) ax.fill_between(df.index,df.Lead_span_A,df.Lead_span_B,where = df.Lead_span_A < df.Lead_span_B, color = 'lightcoral' ) plt.legend(loc = 0 ) #Let matplotlib choose best location for legend plt.grid() # display the major grid plt.show() # Finally display the plot 
Conclusion
Ichimoku cloud is also known as Ichimoku Kinko Hyo. Ichimoku cloud is a technical indicator to gauge momentum, trend and strength of the price action using five lines and a cloud. The indicator has crossover points, just like MACD, to determine buy and sell signals.
Other classic momentum indicators can also be used in conjunction with the Ichimoku cloud to produce clearer buy and sell signals. We have successfully applied the Ichimoku Cloud combined with RSI to generate trading signals in our course on Cryptocurrency trading.
submitted by FmzQuant to CryptoCurrencyTrading [link] [comments]

Cryptocurrency Trading Mistakes and How To Avoid Them

Indicator Overload

Learning how to use a variety of market indicators is typically one of the first points on any novice trader’s to-do list. However, it’s easy to get lost between the plethora of available indicators. You have the RSI, MACD, SMAs, EMAs, and dozens of others to choose from. It is a common mistake to think that you must fully understand all of these before you can be profitable with trading.
The truth is, some of the most effective traders out there use very little technical analysis, typically relying on just the volume and price candles to make their trades.
The most important indicator is simply the price action. Spend a few hours watching the price, get comfortable with it, and then start applying indicators. (But always bear in mind that no indicator can reliably predict the future, so use them sparingly.)
You might be thinking, “surely there’s never too many indicators?” In actuality, too many indicators can hurt your opportunities — particularly when different indicators paint opposing pictures — hence causing you to skip what could otherwise be a profitable trade.

Trading Too Often

Particularly in the early days of trading, you might be eager to try to complete as many trades as you can. After all, more trades equals more money, right?
Wrong.
To be a profitable day-trader, you don’t have to trade as often as you might think — with typically only a few trades per week being needed to generate a healthy return.
By avoiding over-trading, you can often avoid significant losing streaks that might otherwise severely damage your portfolio. After all, when the market is down, almost all coins tend to go down with it. Never set yourself a goal for a fixed number of trades per day, as this can lead to making less-than-optimal decisions and force you to take unnecessary risks.
Instead, we recommend using a carefully selected set of rules upon which you base the majority of your trades. If you find yourself significantly deviating from these rules too frequently, it may be wise to re-evaluate your trading strategy.

Trading Against the Trend

Although more advanced traders can frequently profit while not following the general trend of an asset, beginners will often have a tough time doing the same. When almost the entire market is in a downtrend, this tends to make profitable trading opportunities fleeting.
For example, Bitcoin (BTC) has been on a downward trend for close to a year, having begun its descent towards the beginning of 2018. As you can see by the graph below, Bitcoin has consistently failed to break the lower highs indicated by the horizontal blue lines, with each peak being lower than the one preceding it.
As you can see, buying Bitcoin at any point in 2018 so far would have more likely than not lead to a net loss, because the overall trend was bearish. In cases like this, it is a safer bet to short rather than going long, as you will tend to come out on top more frequently.
Until you get the hang of it and can recognize opportunities between peaks, it is best to err on the side of caution.
submitted by Boomah422 to bitcoininternetinfo [link] [comments]

MACD indicator Best cryptocurrency trading tool hindi bitcoin trading technical analysis strategy MACD Indicator  How to increase your BTC without further investment with MACD Bitcoin MACD Tutorial - Moving Average Convergence ... Cryptocurrency & Bitcoin Trading: MACD + RSI - How To Use ...

Abschließendes zum MACD Indikator. Bei richtiger Anwendung kann der MACD-Indikator es Ihnen also ermöglichen, Ihr Trading zu verbessern und langfristig erfolgreich zu sein. Wir raten jedoch dringend dazu, niemals blind darauf zu vertrauen, was ein Indikator Ihnen sagt. Sichern Sie sich stets ab und ziehen Sie nach Möglichkeit mehr, als nur ... MACD Indicator for Bitcoin. BTCUSD Chart by TradingView. Update 7/6/2019 – In the next month I’ll be working on a how to guide for analyzing the MACD chart above. For now – notice how the trend of the MACD bar graph correlates to movement of the price of Bitcoin in US Dollars (BTC/USD). The peaks of the bar graphs seem to be good indicators for shifts in price. Subscribe to My Newsletter ... Bei einer positiven MACD-Linie ist der EMA 12 über dem EMA 26, was für einen Aufwärtstrend spricht. Man kann diesbezüglich betrachten, ob die MACD-Linie gerade die Null-Linie passiert: Ein positiv werdender MACD ist ein bullishes Signal, ein MACD, der gerade negativ wird, ein bearishes Signal. This guide will show you how to trade Crypto currencies such as Bitcoin and ethereum using an MACD. A nine day EMA of the MACD line is often plotted in conjunction with the MACD line and their cross over points are used as buy signals looking at a change in the rate of change of momentum - kind of like a second differential or to put it simply acceleration instead of velocity! What is the MACD ... Definition & Erklärung: Der Indikator der Konvergenz-Divergenz des gleitenden Durchschnitts – besser bekannt als MACD (ausgesprochen “mac-dee”) – ist eines der beliebtesten Instrumente in der gesamten Technischen Analyse und wird seit Ende der 1970er Jahre verwendet. Der MACD ist Teil der Oszillatorenfamilie der technischen Indikatoren.. Er wurde entwickelt, um die Merkmale eines ...

[index] [47715] [45076] [27144] [21528] [1281] [26294] [38295] [6592] [35114] [21977]

MACD indicator Best cryptocurrency trading tool hindi bitcoin trading technical analysis strategy

How to use the MACD Indicator with Bitcoin MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock ... #Bitcoin #Ethereum #Tezos #MACD In this video I try to Explain MACD indicator, and using MACD I try to show how to increase your BTC/bitcoin without further ... Macd is a short form of moving average convergence divergence. If you want to learn bitcoin trading and do not know where to start then you must learn about macd indicator. This simple indicator ... I discuss two of the most popular and most used indicators by cryptocurrency and Bitcoin traders, the MACD and RSI. I go through what they are, how to add th...

#