Here is a very great reminder for what can happen when strong hands short: https://tradingview.com/x/4j3iZrZZ
Shorts went from 8000 to 26000. a 3x increase over the course of $10950 to $12100. This was a week before we hit $6k the first time.
This means almost every single bitcoin bought in the $10200-12100 range the week before the dump was a buy into a very strong handed short.
While the potential for a short squeeze becomes more real as shorts increase basically parabolically, I'd be wary to expect another short squeeze again.
In general when the majority of people think they've figured this market out, it does the opposite.
the possibility to dump or pump is equally likely based on what happens when shorts pile on.
Overall this fight for $6k is pretty fun to watch, albeit a bit frustrating at times. It's interesting to see the market struggle to figure out where it's going to go
first close on my short hit @$7370 got a few more all the way down to $6950, don't mind holding it open until $7850+ now
Will re short upon weakness / $6800 breakdown
https://tradingview.com/x/VvklgcTt
https://tradingview.com/x/sWiBSkpR
2nd was my prediction yesterday, here is the chart now :D
https://tradingview.com/x/4Y7FiHUI
Will rescale into the same sized short from $7500-7800
if this is the big capitulation event this should move fairly quickly
this is my first planned out trade with hard entries + exits instead of just Yolo short for 3 months. so everyone please excuse my gloating but I am proud of myself for having a plan and sticking to it for once! I was 1 inch away from moving my $7370 bids down.
BofA is not Chartmandan, these guys does not base investments on some fucking tradingview.com window.
​
You do not invest in any growth stock for current revenue, you invest in it for future revenues.
​
Thus, the present will always look grim but the future is bright.
I'm ready to be disappointed by a $4100-4200 rejection again
BRD seems imminent lmao but I can't tell if it's disbelief or a reasonable expectation
This is the first time 3d middle bband has trended upwards since 2017!
make a system and remove yourself from it. Only trade on whatever rules you made.
I know, easier said than done but this should be everyone's goal.
I found training on paper (tradingview.com) made it easy to practice trading without emotion, applying that to real trading is a skill
https://tradingview.com/x/uq5FWXaK
look at the wick...😂
lol @ anyone thinking they'll let us get there again. big shorty and his team of goons orchestrated the event to get filled from $6900-7200 without ever letting the rest of the market get a chance to short there. Then on the dump they didn't let anyone short again.
my tin foil hat theory: big 24k buy wall guy sent that 8k to mex so he could short 3x from $6900-7200 knowing that he could get the market to pop if he squeezed some shorts up
Now he's no longer underwater! and he's gonna shit 25,000 coins on the market while everyone's afraid to short. GG
These chucklefucks aren't defending $6k nor do they care about bitcoin or the sanctity of money or some shit. They're just sucking the market dry of every coin it has. Wild west baby.
Pump and dumps on alts every week, same cycle. Now everyone's deathly afraid to short due to an overinflated number of shorts. Everyone thinks etf denial is priced in but you bet your ass if the market starts dumping upon denial that everyone will follow. Market doesn't give two shits if it's logical- you have to follow the crowd or you lose money.
big shorty is a real mindfuck, and he's coming for your fucking coins
(this is mainly a joke, but like 5% serious, since it isn't hard to actually believe this is what happened)
The weekly candle that just closed is the only one that has closed without even a small upwards wick (<1%) this entire month-long rally. The wicks for each candle continue to get smaller, too: 19.2%, 18.8%, 7.0%, 8.1%, 2.5%, and 0.6%.
Is that bullish or bearish?
https://tradingview.com/x/7EbDdDkj/
Copied from my twitter, was curious to hear people's thoughts on it.
https://twitter.com/CryptoChunky/status/1255209255600300032?s=20
Personally, I think it's potentially bearish, because it means the entire rally has just been gearing up to touch this area eventually, and now that we're here there's no one to take it higher. Note that this area is where the dump began- and it is not unlike bitcoin to fully retrace large momentum dumps just to dump back down again. (see $12k -> $6k -> $12k in feb 2018, $10.9k -> $7.4k -> $10.5k in sep/oct 2019, $10.5k -> $6.4k -> $10.5k in jan/feb 2019)
On the other hand, it's potentially about to break upwards out of this range and soar, especially with the general disbelief that's pretty apparent in the market right now. Every minor pullback, we see negative funding spike, futures discount to 0.5-1%, and people seem to get very sure of a rugpull.
Overall, I clearly have no mof*ckin' clue.
stop using robinhood for anything related to charts, they are literally useless. and i really think unless they bother to improve them, rh should get rid of them since so many new people don't understand trading and the market.
use yahoo finance instead, or tradingview.com for best charts.
​
Well, now we've seen two daily closes over $9600. One even at ~$9750
Back in September I said I would believe the bull market is back on if we reclaimed $9600.
https://tradingview.com/x/HI0Xr65O
This was why ^^^
I do not believe the bull market is back on and I think we are going to crash. But it doesn't really matter what I believe because I set a rule for myself months ago to tell myself not to be bearish after multiple $9600+ daily closes.
There are so many reasons I could give to not believe in this rally, but none of them are based on price action and the one most important rule I've learned in trading is that price action is king. Nothing has to make sense if the market is trending, and the market can remain extremely confusing and irrational for long periods of time.
So I must trade accordingly, and thus, I will disallow myself from being bearish as long as we are above this $9600 level.
if this wedge breaks up I'll be targeting $10950-$12k before a significant retrace.
My sweet spot guess is ~$11300 personally.
I want to say I hope I don't look like a fool here soon, but tbh, worrying about being wrong has fucked me over more than actually being wrong instead of following my rules. So I'll do the latter and ignore the former. If it happens so be it
Wedge:
https://tradingview.com/x/gNKeuiDQ
e: I should be able to swap bias quickly if I'm wrong and the market dumps back below $9600.
Coming off a quick glance at tradingview.com it looks like its been doing this since the since around mid may.
Technical indicators are all over the place. Its like the stock took LSD. Besides predating GME joining it I cannot make any sense of this.
Gonna continue waiting to close shorts at $9400 and $8950 for a bounce, most likely to short more on the bounce.
These levels ($10-11k) are fairly meaningless so I don't expect much demand here until <$9.4k.
Zooming out on the chart shows that the trend has definitively reversed on medium time frames and the rejection is incredibly strong.
Lots of bears salivating over a 30-40% correction this entire move up have been hunted to extinction and will now miss the move they've been waiting for 😈
https://tradingview.com/x/lNpUcRcC
Ultimately expecting $8400 or ~$7200-$7400 as a bottom.
So at $6.5-7k I said it looked like accumulation with buyers being extremely patient- putting huge buy walls up while sellers just kept trying to sell into them. It seemed like some big players took advantage of the market sentiment to accumulate. I was dumb and didn't long. Alas, we are now here.
I suspected it would result in a large correction with the 1d even hitting overbought (upwards, bear markets have corrections too)/run up before continuing down.
After looking at the Wyckoff phases, it actually looks like it's playing out pretty accurately.
Is there anyone here more familiar with Wyckoff who can tell me the issues with the comparison?
I believe we're in the distribution phase and just had a failed rally and now we are at the "test" part:
https://tradingview.com/x/dekH3NWE
https://pbs.twimg.com/media/Dcl8YZPW0AA25N-.jpg:large
There is also a very large bearish divergence from the 2h to the 1d from first run up $9750 to $9990.
As well as a hidden bearish divergence on the daily from $11.7k to $9.7k.
There are several shorter time frame hidden bull divs on the 6h though. Several in a row
Sorry for how crowded the chart is.
Anyway the "jump the creek" part fits perfectly, as do the accumulation and distribution phases. Would like to hear thoughts
Edit: the difference between re accumulation and distribution is very small and confusing. Would love for a Wyckoff enthusiast to chime in. /u/Beastly_beast thoughts??
Double edit: Upon reading more, it's very possible we are in a re accumulation phase. higher lows with the composite operator moving buy walls up on each test downwards (was $8600, then $8800, now $9000).
However, high volume selling off the highs with low volume buying off the lows indicates distribution.
go to tradingview.com and look for the chart BTCUSDSHORT and BTCUSDLONG
​
But don't be too worried, there is also BCJPYLONG and BTCJPYSHORT so the USD chart is only one BTC/FIAT pairing
I absolutely love how the crayonists on Tradingview.com keep coming up with new drawings and new predictions as soon as the market moves in a way that renders their previous predictions incorrect and just... forgot about those. Truly the impeccable art of stock astrology
While we're all paying attention to shorts, the number of longs is steadily decreasing to new lows. What's interesting about this movement is that at every low so far, longs have generally added.
In April, they got squeezed from 38k to 30k from $8500 to $6700, but they re added in the $6ks. They never went below 29k during that period. (when shorts went to 40k)
In June, longs bottomed at 28k and started adding at $6450 all the way down to $5800.
In February, May, and July, thousands of longs closed near the top.
Why are longs suddenly closing here when they've always opened near the bottom and closed at the top?
here is one I like:
https://tradingview.com/x/K4CZgCW3
Consistently decreasing volume (with a few bumps here and there) is the best
The volume on the pole should be larger than anything after. Ideally, the volume on the pole movement initially should be significantly heavier volume
How does it not? It's small but engulfed it.
Open of yesterday was ~$8170 and close today was ~$8180.
I mean really, it's tiny lol but is it not technically an engulfing?
zoomed in:
https://tradingview.com/x/2IWoxX97
Touching ascending support that extends to the low of the first dump for the 3rd time
If we break below $6600 with volume expansion I'd guess it's going to play out almost exactly the same. Hopefully we know in the next 4h
Really, it's pretty silly how similar this looks to $7k
All are free to join
Waiting for $7.3k before thinking this is even a medium term reversal.
Sentiment in here practically matches RSI hidden bearish divergence: price is hardly moving up but buyer sentiment is as high as it was at $8-9k.
big hidden bearish divergence on 1-6h that won't be invalidated until we break $8.6k for 4h, 8k for 6h.
It's definitely possible, which is why I'll be watching $7.3k and $7.5-7.8k very closely, but I personally believe the short squeeze/bounce everyone is expecting already happened with $7.3k to $9k (25% move in 3 days).
I don't think anyone is really accounting for how bearish that rejection was.
A move up to low $8k wouldn't be surprising at all, but I don't think this bounce is as inevitable as everyone here thinks.
I agree sentiment here is unified in being incredibly bearish until we move up about 2-3% and then people begin talking about a reversal.
I think the chances of a run-up here is quite high compared to before- I just don't think it's as inevitable as others do. BTC loves to trend longer than anyone expects. And it frequently rewards top longers. Why not bottom shorters? ;)
The longer this sideways action continues without moving down, the more I think a short term bottom is in though. Overall, less bearish than before, but still bearish.
Good luck out there! Set a plan and don't get chopped up!
charts:
A lot of us began learning here http://www.babypips.com/school
Once you're comfortable with the basics, then you can move on to more advanced ideas. The most important thing is to have a trading plan written down and to stick to it.
Also, make a free account at https://tradingview.com/ because you'll have more options than bitcoinwisdom but try to ignore most of the what goes on in the chat room as they're frequently wrong and most are just following somebody else's idea.
Good luck and use a stop loss.
Someone mentioned this a while back, and I was fairly skeptical and forgot about it, but "filling the gap" has proven true all year.
I wonder if it'll continue to happen:
https://tradingview.com/x/VLL88MmA
would mean we revisit ~$4200 at least
!RemindMe 30 days "did we fill the CME gap at $4200?"
Here guys n gals, I charted the 4 times longs/shorts went sub 1.0
https://tradingview.com/x/RO3577Uv
So far we have a track record of 2/3 times shorts close in profit when they open en masse like this. 1/3 times they get a big ass $1200 dildo in their butt.
here is the anatomy of how the btc market closes 8000 shorts with no squeeze:
https://tradingview.com/x/0bcScGh4
Regardless, the bottom is usually close in terms of time.
but...is it $9k to $6k near? ($6k to $4k for us?)
Or is it $6k to $5.8k near?
Or is it $6k to $8k? lol
Ist das Kürzel für ArcelorMittal, den weltweit größten Stahlproduzenten (nach Produktion).
Ist ein Liebling der r/Vitards (Stahlthese), aber auch von MSW, da der Ticker einige wichtige Kriterien erfüllt:
Generell, wenn du einen genannten Ticker nicht kennst, einfach zB auf finance.yahoo.com oder tradingview.com das Kürzel eingeben, dann findet man das zugehörige Unternehmen.
if you wanna miss out on massive gains
Upwards of 5-600 is looking more and more achievable.
The lower you sell during the actual MOASS (what we're seeing at the moment are gamma squeezes) the more the growth of the squeeze will be stunted.
The best thing thing to do would be sell incrementally on the way up AND on the way down. That way you won't be left bag holding hoping for it to go back up because you didn't sell everything. If you're gonna play the incremental card (I know I will) it might be worth starting around $694.20 and using your own DD to work out when to sell further.
Would recommend tradingview.com to view candle chart during squeeze, it also has an easy to understand volume display at the bottom of the chart. Use these to your advantage
you were shorting near the literal bottom
I looked at your old positions on position bot and found that lmao i remembered why I was hesitant to be in the same position as you
https://tradingview.com/x/g4F5LltA
"why always so bearish" you were filling my bids at $3.6k bud
We need BTC to cross and open above those red sloping line to verify a valid break to the upside.
Most of us started learning here http://www.babypips.com/
There are some excellent tutorials on important candlestick patterns and using the MACD correctly here http://www.therationalinvestor.co/tutorials/
It would also be a good idea to make a free account at https://tradingview.com/ to make the most use of these indicators. Wisdom is fine but it really feels like trying to drive with one eye closed with limited indicators on one page.
65% is profitable as long is your risk to reward ratio is greater than 1. Learn how to spot set ups that have a 1:2 or 1:3 ratio, then you can be right only half the time and still be profitable or, at worst, breakeven.
During the day, save up your questions and ask them in the daily discussion or in IRC. Have fun and good luck.
*ratio order was backwards
Agreed, 0.12 is solid support level. Hasn't stayed below that in a while.
We touched 0.15 recently, but there were heavy sells at that price. Either whales looking to get out or someone daytrading in an out with a big bag of cash.
Having said that, it is worrying that 0.15 was a hard rejection, coin fell right back to 0.12 from there.
I don't mind sideways trading for a few weeks. I held MATIC @ 0.4 for about a month, then in the last week and a half it's exploded. Happy with my gains, even bought more at 0.8, 1 and 1.15.
Patience is important, consolidation for coins is a good thing. Builds up buying pressure.
P.S. Probably would use Tradingview.com for charting analysis if I was you.
I don't generally put a lot of weight into such a long term diagonal especially with so much empty space around it...
but I feel like this is something /u/chewtoy would notice: https://tradingview.com/x/V5WATOdM
here's the 4h chart:
https://tradingview.com/x/atsq4jVN
the line represents prices bitcoin has never gone below again (on bitstamp, bfx is a different story due to a long liquidation cascade), even in the second dump like 8mo later
https://tradingview.com/x/Zbz6d5nO
https://tradingview.com/x/Gesa9L1l
Here's the difference in 2h btc volume on finex vs stamp + Dax.
There's an inordinately huge amount of volume on Bitfinex in that candle. Biggest 2h candle in btc volume since April BGD itself
It's likely either wash trading or an arb play. The volume doesn't really make sense but who knows
I'm not sure if the funding for shorts on finex outweighs bitmex funding rate though
Oooh yes. It's been here 4 times since January- here I'll chart it:
https://tradingview.com/x/RO3577Uv
honestly I wouldn't be surprised to see a short squeeze. I just think there's also a possibility that they close in profit and the price hardly moves
Like this:
wrote this earlier, comment got kinda buried under BCH shilling:
So someone mentioned we're in a rising wedge earlier and it made me reconsider the ascending triangle I thought we were in. The highs on bitstamp are getting higher by a tiny bit every time and I'm thinking GDAX tends to overshoot tops more frequently than any other exchange, so the ascending triangle could possibly have been a fluke.
However, BTC's historically bullish with rising wedges...I'm looking for more, but there's two rising wedges that resulted in a breakout upwards.
at $700 we had an 18 day rising wedge that basically started this year off with a bang:
https://tradingview.com/x/H0uooeJ0
two weeks ago we had a 7 day rising wedge during our run up, resulted in a breakout. the next rising wedge is the one we're possibly in right now, both can be drawn on the same chart here:
https://tradingview.com/x/gbrAvPRJ
I'm curious to go and look back to see more rising wedges, but from what I'm seeing, rising wedges aren't necessarily bearish with BTC
So someone mentioned we're in a rising wedge earlier and it made me reconsider the ascending triangle I thought we were in. The highs on bitstamp are getting higher by a tiny bit every time and I'm thinking GDAX tends to overshoot tops more frequently than any other exchange, so the ascending triangle could possibly have been a fluke.
However, BTC'S historically bullish with rising wedges...I'm looking for more, but there's two rising wedges that resulted in a breakout upwards.
at $700 we had an 18 day rising wedge that basically started this year off with a bang:
https://tradingview.com/x/H0uooeJ0
two weeks ago we had a 7 day rising wedge during our run up, resulted in a breakout. the next rising wedge is the one we're possibly in right now, both can be drawn on the same chart here:
https://tradingview.com/x/gbrAvPRJ
I'm curious to go and look back to see more rising wedges, but from what I'm seeing, rising wedges aren't necessarily bearish with BTC
You're looking for https://tradingview.com
Make a free account and you get a limited number of audible alerts that will also send you an SMS, email and a pop up window when any number of particular conditions are met. I use it so much that I got a pro account to get an unlimited number of alerts. Loud ones ;)
For me, I want to know when the RSI is less than 30, for an example of one of my favorite alerts.
>The money I am looking at is likely to be the last I will have for a little while...
The way this sounds is concerning. Hopefully it means the last extra that you can afford to gamble with on top of your balanced budget.
Asking for investment advice is really not good idea here as traders want to enter and exit positions as they see fit.
Popular, upvoted opinion will tell you 'Moon' while some others in other forums like https://tradingview.com have shown some arguments for further down, not necessarily permanently but it will make you think twice about investing more than you can in something that you could be bagholding for months.
I don't mean to sound discouraging. Just doublecheck that you can do without this money for your day-to-day living.
Don't let these comments get you down and check out https://tradingview.com for great charting tools. There's also a chat box on the right-hand side. Almost all the comments are on topic and moderated. You can post a chart in chat and ask for opinions. /r/bitcoinmarkets has been invaded by trolls and those who would rather treat you like shit than show you a better way of doing things.
Using MACD convergences and Exponential moving averages is helpful an interpreting trends. This being said you'll never pick the absolute bottom entry or the absolute top exit - then again that's never a good idea.
Hit tradingview.com for easy access to charts and there's a few youtube videos about how to use EMAs.
Open your app, goto 'accounts', expand your crypto wallet, select the balance you'd like to inspect. scroll down to see transaction history on that coin. select the transaction to see purchase price.
from your 'accounts' page , at the top left is the pie chart to show allocation of funds.
as far as the charts go... i wouldn't expect any major upgrades. use tradingview.com , superb graphs and tools.
More reasons to buy buy buy!!!
Here is a analysis given by Experts on tradingview.com. You will find more if you browse.
https://www.tradingview.com/chart/AAL/h9bbxcJI-American-Airlines-Breaking-out-possible-Targets-AAL/
I found links in your comment that were not hyperlinked:
I did the honors for you.
^delete ^| ^information ^| ^<3
https://tradingview.com/x/219vdkvH
Think it's the guy who built 17,000 shorts from $10.5k to $12k before we tanked to $6k.
When shorts pile on with reckless abandon on bfx it's generally an extremely strong hand.
If you look at shorts in April:
https://tradingview.com/x/NV2Uy7jM
they added tentatively and much slower - they decreased a few times and added slowly. Whoever's adding here gives absolutely zero fucks.
I'm personally inclined to think we're in for another $12k-$6k capitulation dump. Sentiment is the same - Once we finally got used to $9-13k range we all chilled out and though bear market was over on the $12k break.
Long term bears turned bullish (chewy said as long as we're above $12k this is going to ATH). Then it bled, recovered a bit, then dumped 50% in like a week
noise until we breach $7670 and $7770ish
https://tradingview.com/x/VvklgcTt
https://tradingview.com/x/sWiBSkpR
I'm still waiting for a long below $7400.
There's been 1 time we've bottomed out on 4h rsi that low since like December
There's been about 7 or 8 times we bottomed out on a bull div on a higher 4h rsi low
-35% here, for a while, just like you, every stock I bought started to go down the moment I click buy, I am not joking LOL. I am still new and learning about charts and stuff. One thing that helped me a bit, among other things, is using this free website, (tradingView.com). I use their Screener and normally look at their Strong Buys under 5 dollars, and then look for news/information that supports it. This helped me a bit.
Good luck!
>(50,100,200)
Go to tradingview.com/chart/?symbol=BINANCE%3ABNBUSD
Click fx Indicators up the top.
Volume should already be added, add TEMA by typing this in the search box, then looking for the (50,100,200) option below and clicking that. Then add Stoch RSI the same way.
50 refers to the green 50 moving average line
100 refers to the yellow 100 moving average line
I think when he says 'off' he means 'of' - so if the 50 goes above the 100 then place an up bet, and vice versa.
tbh I find IBKR desktop reasonable, it's their mobile app that I really can't stand..
That's why I'm looking for mobile apps with both good execution and UI, just when I have no opportunity to trade on desktop.. currently testing trystrikes.com app, if execution quality stays ok might consider using it long-term.. also plan to test tradingview.com, few reddit folks recommended it..
>Replace “dummy drops” with “consolidation”
Can do - when you call it a consolidation then the false breakout is usually referred to as a "Rally based drop" - many ways to express the same idea.
​
>have drawn with your rectangles.
​
They were not mine, they were tradingview.com's. I just drew them. Since you'd like to be specific on labelling.
​
>I would argue that prior to the market crashing there’s a bubble.
And I suspect few would argue against that.
Charts on Tradingview.com (look up ticker M1)
Outdated, but still startling numbers here:
a tool to find stocks, allowing you to search based on various criteria; simply go to tradingview.com, then screener and you'd find screeners for three types of securities
I've never used CME Group, but I see you can use Sterling Trader Pro or DAS, both are top notch platforms for day trading. Their fee's look okay, but there is better, but also a lot worse (I'm assuming you're not American since you'll be day trading with less than $25,000).
This is who I used when I was trading equities, https://www.tradezero.co/. Their fee's are a little better, and you get free limit orders. Their pro software's level 2/order entry is great (modeled after Sterling), but the charting is terrible (this may have changed in the past few months), so you'll likely want separate charting software. When I was with them I used TC2000, then switched to Tradingview.com.
EDIT: I looked up CME to see who their clearing firm was, and I see they're partnered with Interactive Brokers, so I'm assuming it's them (IB has in-house clearing). Although IB's short borrow locates are getting better, it's still nowhere near Vision Clearing who have the best borrows in the business, especially if you're trading low floats, which it looks like you are. TradeZero uses Vision Clearing.
Does anyone know how that datamish mana/pain thing works?
https://tradingview.com/x/8ySN3D7Y
Even if we assume every single long that was underwater were the ones that closed, you can see there are still 3k longs from $7300+ underwater.
Similarly, only 3000 shorts are underwater actually, even though some 8,000 have opened in the past day:
https://tradingview.com/x/iHksSXml
But datamish shows 2100 shorts in pain and 0 longs in pain / mana (?)
Oh I just found his thing. Here is the info, I'll read it and try to explain it to you guys in a sec
i still think this was wyckoff distribution.
https://tradingview.com/x/dekH3NWE
https://pbs.twimg.com/media/Dcl8YZPW0AA25N-.jpg:large
We will bounce from $8.5k back to $8.7-8.9k and then continue down if we follow this
Start with 3k so that you have 5 tries. Cash accounts don't have daytrade rules, but they do have settlement rules.. I'd advise using a good charting service (https://tradingview.com) combined with robinhood, who is phone app only and comission free ENTIRELY. (https://www.robinhood.com/) Comissions will eat you alive with legit brokers and a 3k account trading (not investing).
if you go to tradingview.com, go to the chart, click on "indicators" , then search for "MA". add it to the chart and then you can change the settings for it to show 20 instead of the default which is 9. The price action of a stock frequently interacts with the moving average, the moving average acts like a rubber band. The farther the stock moves away from it, the stronger it wants to rebound back.
Gotta get some trade notifications going! I don't use any but I was thinking about it myself. I think tradingview.com allows you to set up trade notifications with just chrome permissions?
I use support and resistance levels (always trade when it reaches one of those levels never when it is in the middle), use market cipher B on tradingview.com, look for divergences, and also make sure everything is supported on multiple time frames
I think it will continue to steadily trend upward into tomorrow morning--it's done this all week. However, it will probably be available between .095 and .105 at some point within the next 12 to 16 hours. I could be wrong, but that's my guess based on what I've been tracking for the past few days.
If you aren't familiar with charts and analytics, go to tradingview.com and start learning how to use RSI, MACD, and supertrend indicators (there are youtube videos on how to use these--it's not hard). You need to pay attention to when a coin is overbought and oversold.
My thoughts exactly! My sell point keeps going up in my mind the longer I wait lol. Check out "inchartitrust" on Stocktwits - his charts are eerily accurate. He charted CGC on 1/27 (and fwiw I find that SPCE and CGC track together in his charts). Showing going up to $150-190 by late May ($140 is the 2.61fib and $190 is the 3.61 fib so it's a stretch). Not saying he's correct but worth a look. I also find tradingview.com and click on "ideas" for CGC interesting to check out charts.
the only time tax cashout meme was real was in 2018, if EVEN. has about as much to do with price as wall street bonuses and chinese new year
also what the other guy said. try....a chart
go watch some youtube videos on TA . there is plenty of good ones out there to learn the ropes and especially basics. start with using tradingview.com as one of the best free charting tools. you also have to specify what time frame youre looking at. is this 1 min, 5 min, 1 hr, 4 hr, 1 day, 1 wk etc . the higher the time frame the more substantial a pattern typically is. the next thing you will want to learn is supports and resistances. these are areas where the price action provides either a level of price where when falling the stock will bounce off of, or when rising the resistances will be levels where it will be harder to push through. price action will usually bounce in channels between levels of support and resistance as well. say if looking at an hourly chart, try to find areas where if you drew a horizontal line across the screen, multiple different candles would touch this horizontal line . by touching, i mean the end of the wick or the end of the candle body (because you can draw them off of the body or the wick) will pretty much be right at that line you drew. this is just some basics but you will get the hang of it. horizontals and diagonals are some of the most basic and easy TA things to do and one of the most effective and powerful.
Zerodha uses 2 types of charts one of which is trading view. You can access this chart on tradingview.com
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Also recommend you to shift to Zerodha or Angel Broking as they’re much cheaper & better than ICICI Direct. Get you mobile number linked with aadhar for online account opening or else you can print their account opening forms, sign & mail it to them. Even this way you can open an account in a week.
was thinking $10750-$10800 is a good buy if you're trying to long with the trend. Personally for me I wouldn't set blind bids but would wait to see some demand in the area (basically just make sure it isn't nuked through immediately) and then try to get filled there
https://twitter.com/CryptoChunky/status/1288576692403855361?s=20
If you remove all wicks and/or just look at a moving average on the 4h it is grinding up in an incredibly obvious manner.
https://tradingview.com/x/SjZDmLBm
I'm amazed people think this is somehow confusing...it's just grinding upwards. There's nothing particularly confusing yet if you ignore the scam wicks
That being said an end of day dump seems fairly likely just to make things more frustrating 😎
yep, I personally focus on forex and only do equities if I am feeling risky. This website: https://www.babypips.com/learn/forex will teach you all the basics you need to understand trading/reading charts.
I would advise that you pay special attention to their lessons about: fibonacci retracement, divergences and trend lines. These are the main tools I use in trading and consider myself pretty successful.
Tip: make sure when doing analysis on charts to give priority to higher time frames as markets moves in waves. For example if the weekly is going up and the Daily is going up then you have a better chance of success than if weekly is saying up and daily is looking to go down.
My favorite indicators are: RSI/MFI, MACD, Slow Stochastic, buy/sell pressure (custom made but you can use ones made by other users for free).
Use this website to do your chart analysis as it will have every possible tool you need, especially indicators made by community contributors for free. https://tradingview.com
made this Tool to
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i could be wrong but the original charting tool and concept is from tradingview.com local brokers/websites prolly have a subscription to that site for fair use of that tool.
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I just got lucky ending the year on a Positive side
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possible. we sometimes like to think we have a magic ball in this but at the end of the day it seems identifying bull and bear cycles with positive volume is more important above everything else.
And you called me biased!
/u/v4mpyre you're not allowed to say my bulllishness is cursed anymore :P
https://cdn.discordapp.com/attachments/444219812923834373/517401944550014994/image0.png
https://tradingview.com/x/l36GMWXq
https://tradingview.com/x/zItE0vME
Id post local times and whatnot but mex gonna ban me if they find me so ask me in trollbox chat if you don't believe me :P
But...when I said that I was right. (and I still sort of am so far, considering we should have seen an incredible short squeeze by now)
You're kind of pulling my statements out of context. at least, I think. Here I'll pull up the post one sec lemme find it
https://reddit.com/r/bitcoinmarkets/comments/93lndy/daily/e3edsud
Basically I said when longs open after the rally is over when the other longs already closed it ends in capitulation. If they open at the beginning on the push up they're fine
Longs opening on a move up -> bullish. a ton of Longs opening on the pullback after a move up after a ton of longs closed? Usually indicates bad news
But this is kind of my point, why rationalize all this shit? It's kind of pointless when the trend is very clear. If you walked up to a Bitcoin chart rn you'd immediately notice it's lower highs and same lows. Why try to fight that trend? I'm just wondering if all of this analysis and shit is way overcomplicating it
I know Peter is a joke to a lot of people here but he said "if a chart pattern doesn't stand out to me immediately when I look at the chart, I don't trade on it"
Well...
https://tradingview.com/x/zFkZDLGv
and here's how it potentially plays out...as seen in LTCUSD. note the same exact fakeout above the resistance line
From $7675 to $8375 Bitfinex absorbed 10,500 longs in ~32 hours.
While a short squeeze does seem very possible, if the market can break critical resistance, absorb 10500 longs and then continue to move up another $150, it can do the same in the opposite direction
https://tradingview.com/x/fCcvxGZg
Keep in mind longs weren't that low since May 3rd! So someone really unloaded a lot. And imo, probably for good, since half of those longs were probably underwater from $8k+ and now there aren't any more opening
I have a picture of the order book I'll find later, but the order book only had like 3-5k on the books up to $8.3k. Order book refills and people market sell/have hidden orders.
I think it's a bit optimistic to assume that there are no hidden sells when we've seen 20k in hidden buys recently
if you do a 21ema of the 1d it's actually a downward channel.
Basically aln exponential(?) moving average of the daily and it shows a downwards channel, not a triple bottom/descending triangle
The gordon bot often does not get deals. IMO it's the shittiest bot you can find because it misses a ton of good buys.
Try using tradingview.com and piping your indicators directly to the DCA bot. There is a bit of a time investment on your part to learn how to do this but you will end up with exactly what you want as far as bot aggression.
Seekingalpha, finviz.com, tradingview.com, yahoo finance are my go-to's.
But just looking at graphs is not enough. I follow a few traders on Twitter and just try to stay in the loop on developments.
Are you in India or a different country? Access to brokers and capital markets will vary depending on your country's laws.
If you are in India - you may want to check out r/IndiaInvestments
As for paper trading platforms - there are some brokerages that offer paper trading trial accounts such as TDA. There are also paper trading simulators on places like tradingview.com
I bet you a dollar it drops even more when it up-lists. MM and shorts will likely drive it down before taking a position themselves after the hype wears off from a lack of fireworks and fanfare. Be patient with your investment and you will have a better position. sign up for the free version on tradingview.com and follow this persons advice on using Heikin Ashi candles for figuring out trends and trend reversals and you will reduce the number of bad positions you will initiate in the long run
Great write up. A lot of your positions are down now because you chased momentum. Best advice I can give to a youngin' like you is to get a free account at tradingview.com and learn how to use MACD and RSI to identify oversold and overbought conditions. This way you can refine your gains even further by buying after the stock has pulled back and is accumulating before the next leg higher.
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Also, with volatile stocks like these you will need to be disciplined on the sell side. This means trimming huge winners and cycling those gains into more asymmetric trades.
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Best of luck!!!
Thanks for raising this! What version of macOS are you using? We use the latest public version of macOS as well as a public version of Monterey and have never seen such a message. Also, can you make sure that you use the most recent version of the app (beta.12)? You can get it here.
I use tradingview.com
The tools there allow comparison of multiple crypto coins (and stocks and other stuff) over time. It will have most alts, but not the newest of the new.
the besting charting software on the market is tradingview.com
It has a lot of tools to use in terms of indicators and different charts including heikin ashi and renko charts. Although for most stocks it is CBOE data, it costs around 2$ for live market feed from NYSE/NASDAQ afaik. It is much much better than finance yahoo charting that's for sure.
Coinbase charts are limited. Use TrqadeingView.com charts and they have fully functional free charts.
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TradingView.com is the most commonly used charts in crypto and can also be used for stocks as well.
Tradingview.com is useful for sims etc. I do know of some others but they are mainly based on more obscure markets that not as many of the public trade (I trade them because I want to trade in liquid markets allowing me to move big positions).
Create a free account at tradingview.com, I think you can add 2 indicators for free.
Find a BTCUSD chart, the default one is for the BitStamp exchange, which is fine.
Learn how candlestick or OHLC charts work, it's pretty straightforward and there's a lot of information available on this.
Familiarise yourself with the interface, there is a toolbar that runs along the top. The first 3 buttons are important.
First button is the market (BTCUSD).
Second button is the timeframe for the candles (set this to 1D for 1 day).
3rd button is where you add indicators and moving averages to your chart. There is a search function where you can type in EMA.
Add EMA twice. You should notice 2 smooth coloured lines are now added to your chart. Double click one of the lines and it will bring up a parameter window. The "Length" parameter should be modified to the number of days EMA you wish to chart. Set one line to 50 and the other to 200.
Good resources for learning TA are babypips.com and if you prefer books, the TA bible is Technical Analysis of the Financial Markets by John J Murphy.
That should get you started :)
DM me if you need more help, I'll try to respond if I can find your message in all the spam.
Trading View - you can save your watchlist and it also saves your favourite chart view - I have mine set with the RSI and 20/50 Day averages.
You’d still have to go through them one-by-one but at least they are saved and you don’t have to enter them in every time.
This is actually super relevant.
I have tradingview.com/symbols/NYSE-GME/ as a permanent tab fixed on my browser and it just "glitched" a $219,00 price for GME stock.
Gemini Exchange > AMP/USD
Volume Indicator > Hover over today's candle stick, and the total volume will show in the top left corner. We are now pushing pass 38M
That's a lot of words for a whole lot of nothing. You need to make your charts cleaner and not have every indicator on Tradingview.com turned on at once.
This guy just came into the Discord and pinged every MOD to ask to become an official Analyst and got roasted hard.
Seventy Five Dollars.
I was able (as a long time fidelity customer) to get the fee waived, but only after RH botched the transfer and it had to be reinitiated a second time for no apparent reason when I did it back in the early spring. My transfer was estimated at 7 days, I contacted fidelity customer service on day 8, and reinitiated - and it was done 3 days later. 10 days total.
On the first transfer, my assets showed up in fidelity about a day after I initiated the transfer then disappeared again a day after that, RH also restricted my account, then removed the restriction to correspond with these activities, so I should have known there was a problem in retrospect. Had I contacted fidelity when these weird events occurred, it could have been reinitiated and shortened.
Couple fanboi things to mention about fidelity -
1) Download Active Trader Pro, it takes some configuring to get laid out the way you like, but once you do, it's a great desktop app. (I have heard low spec machines struggle with it, however)
2) Fidelity is currently working on a beta redesign of their mobile app. The beta was currently open to all iOS users last I knew, and Android is supposedly coming later this summer. /r/fidelityinvestments has some great posts if you search for beta that include screenshots.
One more not Fidelity specific -
I also like to utilize tradingview.com and have found it very intuitive and useful to complement ATP.
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Godspeed with your transfer!
Reden wir hier von derselben Onktie? Lt. tradingview.com war das absolute AZH anno 2007 bei 28USD. Die $40 kann ich nicht ganz nachvollziehen. Wenn Du DKK als Währung meinst könnte ich das eher verstehen, aber ich sehe im Chart nicht "immer wieder nahe 40 zu finden".
Aber der Link war erhellend! Danke dafür. Das ergibt Sinn für mich.
Als Investment sehe ich das Ding eigentlich auch nur als konservatives Dividenenpapier. Aber wenn die so runtergerauscht ist, dann würde darauf setzen, das sie langfristig auch wieder stabil und gemächlich ansteigt. Ich werde das mal im Auge behalten :-)
Dir vielen Dank für Deine Einschätzung! Mit Dir würde ich gerne mal nen Abend verbringen um ein wenig Wissen zum Thema Chartanalyse abzuzapfen. Also auf ne Grillwurst und nen Bier kann ich Dich gerne mal einladen :-D
a quick look, go to https://www.google.com/finance/quote/AH9:FRA
For full charts etc go to Tradingview.com click on charts and look at ticker symbol AH9 which is Frankfurt AMC.
Use Technicals to improve your risk vs reward. Find Support/Resistance based on the last highs/lows, use different timeframes for different support/resistance levels (Hourly timeframe for day/Swing trading, Daily/Weekly timeframe for longer term trends. Use RSI to see if a stock is oversold (RSI below 30) or overbought (RSI over 70). Tradingview.com is a great free platform to use for this.
All these things will improve your risk vs reward.
This is a simplified version of the post that I made yesterday. While tradingview.com technicals regarding companies are interesting, sometimes you'd rather use the 1337 h4x0r🦧🐒 version for improved instructions.
Source: tradingview.com and complimentary gift from my previous life.
P.S: Not a financial advice.
it's contradicting, yeah. My opinion is that high inflation probably means that over the longer term, rent prices will increase and therefore their earnings will increase. Especially for REITs with fixed loans (as they are heavily in debt). I think that in the past several months REITS are slightly performing better than S&P500 (check VNQ vs SPX on tradingview.com).
However, the real question is if you want to buy shares of a heavily debted REIT over great companies like Apple, Microsoft, Google, and Amazon... Over a longer period of time they were never a sell.
Well, they all have charts so you can start by looking at things like https://www.tradingview.com/crypto-screener/ and get a sense of the various technical indicators. This is a great way to see what's trending, etc. Also, you should learn about defi if you don't have some knowledge about it. There are lots of great decentralized exchanges (DEX) that you can earn money upon by staking/providing liquidity for and also how you can buy some of these Alts. I would also join some telegram channels (Dude's Army is a spectacular one) to educate yourself about some of these. There are some great projects that have a lot of potential. The best way to see whether or if you might want to get into any of these is to look at Market Cap and past prices. It's fairly easy to make a few % off of just knowing where the resistance is and where it's currently trading at.
Start with some decent books...
"Trading in the Zone" - by Mark Douglas
Market Wizards - by Jack Schwager (there's a few, all are good)
(there are many others - those two will get you started).
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Select a broker (depends what country you're in) and paper trade (i.e. practise, with fake money) until you get a feel for how it works. Try a few out, you'll spend a lot of time in your broker's tools.
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Spend a *lot* of time on the charts. TradingView.com is a good place to start there.
Seekingalpha is a useful site (you don't need to pay for it until much later in your journey).
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You don't have to pay anyone. And you're right - there is a *lot* of crap out there that people charge for. It will take a long time to be able to see what's useful and what's not -> and that'll be how you know you're getting better.
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Finally, its bloody hard work. This is not an easy occupation.
It was easy the last year or so; everything was just going up, you could almost literally buy into anything and make money. So I can understand why your friends thought it'd be great to just dive into. **that is no longer true** Neither was it true historically (pre covid).
You're welcome. If you do not have access to futures charts go to tradingview.com and when searching for symbols for SPX include "CFDs". Oanda is usually the top result. This will give you all the charting data of all trading hours and not the unknowns of gaps.
Do that and draw the fibs from the last swing down yesterday and also a 161 from the most recent dip. You should understand why we take this as the main entry level.
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if CAD goes up against USD then Yes, you "lose" some money on your pre-existing crypto holdings (assuming you already bought that crypto before CADUSD went up) . However, when CADUSD goes up, you also get more purchasing power as well, so now you can also buy more crypto for the same amount of CAD. You might be wondering "how can I guard against CADUSD going up after I already bought my crypto?" The answer to that will involve hedging strategies and timing the market even more, so it gets complicated pretty quick to try and think on those terms.
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If you buy BTC or ETH with CAD, You should really be watching BTCCAD or ETHCAD. TradingView.com provides charts of many of the cryptocurrencies against CAD, so for instance, you can goto TradingView.com and pull up a chart on BTCCAD, or ETHCAD.
You are missing analysis.
You can go check out Forexblade on tradingview.com . He did a really good analysis a day ago.
https://www.tradingview.com/chart/AMPUSD/uHEeKWIa-AMP-token-daily/
I have a smooth brain and am using tradingview.com for the first time. Anyone else not see the gray line after adding the VWOP that Warden linked to? I see the bars and GME price action, but not the gray line or area graph.
https://www.tradingview.com/script/nO5Y6yTa-CV-VWAP-GME/#chart-view-comments
try tradingview.com for charts, the free version is much better than the version Binance offer. 200 EMA on 45mins wicks the exponential moving average on March: 2, 6, 16, 17, 25, 27 and 28 - never closing below. And so far a tight falling wedge over last 24hrs. I've never really used 45mins with 200 EMA but Theta has spent the whole of the March pump respecting it.
yahoo is not realtime either, it's delayed data. btw. try tradingview.com instead of yahoo for charts. No one is allowed to give real time data to stock market for free, you need to sign an agreement to get that -- which you get when you open a real broker account.