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Trading Bitcoin with Trend lines and S/R

  • #161
  • Sep 26, 2019 8:49am Sep 26, 2019 8:49am
Just cleaned the slate..
Meditate -> Workout -> Good Food = Good Life!
  • #162
  • Sep 26, 2019 8:56am Sep 26, 2019 8:56am
Woah, looook!
Whales, whale, whaleeees!
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  • #163
  • Sep 26, 2019 9:02am Sep 26, 2019 9:02am
Re-initiated a Long..
Meditate -> Workout -> Good Food = Good Life!
  • #164
  • Sep 26, 2019 10:54am Sep 26, 2019 10:54am
Quoting YellowFellow
Re-initiated a Long..
Good luck sir! I've pulled out for now --- want to see where it lands
  • #165
  • Sep 26, 2019 11:24am Sep 26, 2019 11:24am
Quoting Hasher
{quote} Good luck sir! I've pulled out for now --- want to see where it lands
SL hit..
Meditate -> Workout -> Good Food = Good Life!
  • #166
  • Sep 26, 2019 3:02pm Sep 26, 2019 3:02pm
Quoting YellowFellow
{quote} SL hit..
Tough pickens out there right now, brother. I don't see a trend building either way on any substantial timeframe. It's hard for me to see any position to take right now. Just too choppy
  • #167
  • Sep 26, 2019 4:37pm Sep 26, 2019 4:37pm
Quoting YellowFellow
{quote} SL hit..
  • #168
  • Sep 26, 2019 9:01pm Sep 26, 2019 9:01pm
Woah! We dropped to the lowest since early June! 8K is being defended atm!
The Bigger the Boob, The More Buckles on it's Bra
  • #169
  • Sep 27, 2019 12:48am Sep 27, 2019 12:48am
9000 support zone broken.
8000 doesn't seem to hold either.
7500 zone is waiting.
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  • #170
  • Sep 27, 2019 3:07am Sep 27, 2019 3:07am
Quoting vanillaice
{quote} Tough pickens out there right now, brother. I don't see a trend building either way on any substantial timeframe. It's hard for me to see any position to take right now. Just too choppy
addiction to trading sucks..
Meditate -> Workout -> Good Food = Good Life!
  • #171
  • Sep 27, 2019 8:24am Sep 27, 2019 8:24am
Setup for shorting

Every market is moving within neverending cycle: ...balanced -> unblanaced -> balanced -> unblanaced -> balanced -> unblanaced -> ...
Balanced markets cover 80% of time. Trending markets last 20%.

It is hard to understand, but many cycles are developing at the same time on different timeframes. Learn more in Peter Steidlmayer original materials.

The zones of balances can be detected on chart as they form the triangle shape. The zones of unbalance forms trending movements (pumps and dumps).


Attached Image (click to enlarge)
Click to Enlarge Name: bRih5yw[1].png Size: 196 KB

Here is a pair if the #BTC chart. On the top side - 30m bars, it shows the triangles of balances. The goal of a trader is to find low-risk opportunities. Where do they hide? Think from the point of view of market balances. From my point of view - the rational answer is:

 

  1. sell at the top line (resistance) of the new balance after the previous balance was broken down
  2. buy at the bottom line (support) of the new balance after the previous balance was broken up


On the bottom side - clusters tick chart. It shows the details and confirmation to open the trade. A lot of green clusters - minor buying culmination. Some sellers are knocking out amid triggering their SLs. Some buyers enter breakout longs. Soon, they both will find they made a mistake. This is your setup for shorting.

Oleg Alexandrov, market analyst. Find me in Google
  • #172
  • Sep 27, 2019 10:11am Sep 27, 2019 10:11am
Quoting TudorIoan
9000 support zone broken. 8000 doesn't seem to hold either. 7500 zone is waiting. {image}
Nice work on the graphic Tudor
  • #173
  • Sep 27, 2019 10:13am Sep 27, 2019 10:13am
Quoting YellowFellow
{quote} addiction to trading sucks..
It does soak up all your time and just like the market has its ups and downs, but I still enjoy it (mostly)!
  • #174
  • Sep 27, 2019 11:26am Sep 27, 2019 11:26am
Quoting olegchartist
Setup for shorting Every market is moving within neverending cycle: ...balanced -> unblanaced -> balanced -> unblanaced -> balanced -> unblanaced -> ... Balanced markets cover 80% of time. Trending markets last 20%. It is hard to understand, but many cycles are developing at the same time on different timeframes. Learn more in Peter Steidlmayer original materials. The zones of balances can be detected on chart as they form the triangle shape. The zones of unbalance forms trending movements (pumps and dumps). {image} Here is a pair if the #BTC...
> Every market is moving within neverending cycle: ...balanced -> unblanaced -> balanced -> unblanaced -> balanced -> unblanaced -> ...
Balanced markets cover 80% of time. Trending markets last 20%.

---> I agree that more than 50% of the times, the markets are going sideways, which is totally confusing for a person like me who wants to hold position for more than a day.
Meditate -> Workout -> Good Food = Good Life!
  • #175
  • Sep 27, 2019 11:27am Sep 27, 2019 11:27am
Quoting Hasher
{quote} It does soak up all your time and just like the market has its ups and downs, but I still enjoy it (mostly)!
I just went long again..
Meditate -> Workout -> Good Food = Good Life!
  • #176
  • Sep 27, 2019 3:31pm Sep 27, 2019 3:31pm
Quoting YellowFellow
{quote} I just went long again..
What kind of s/r are you looking at nowadays? On what TF? I'm failing to see anything worth taking but I do have to say i have a bearish bias atm.
  • #177
  • Sep 27, 2019 5:30pm Sep 27, 2019 5:30pm
Quoting YellowFellow
{quote} I just went long again..
What was your entry? ~$8k?
  • #178
  • Sep 28, 2019 2:07am Sep 28, 2019 2:07am
Quoting vanillaice
{quote} What kind of s/r are you looking at nowadays? On what TF? I'm failing to see anything worth taking but I do have to say i have a bearish bias atm.
I'm trying the pin bars, can't edit the topic of this thread.. see att..

Quoting cryptocow
{quote} What was your entry? ~$8k?
Refer to my TE.. all my trades etc there..
Attached Image (click to enlarge)
Click to Enlarge Name: btc.png Size: 68 KB
Meditate -> Workout -> Good Food = Good Life!
  • #179
  • Sep 29, 2019 8:00am Sep 29, 2019 8:00am
Quoting YellowFellow
{quote} I just went long again..
Closed the long at almost same price and went short..
Meditate -> Workout -> Good Food = Good Life!
  • #180
  • Sep 29, 2019 8:00am Sep 29, 2019 8:00am
RoboForex is a broker which allows trading BTC during weekends, do you guys know any other such brokers?

Thanks!
Meditate -> Workout -> Good Food = Good Life!
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