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BTCUSD Flipped fractal targeting 35000BTCUSD is rising after a clear support test on the Falling Resistance of the Bear Cycle. On March 2022 we had an equally strong rejection on that Resistance. We flipped the fractal and matches so far the price action since the December lows. Trading Plan: 1. Buy on the current market price. Targets: 1. 35000 (the fractal's peak). Tips: 1. The RSI (1d) is already overbought but nowhere near the January levels. Such impulsive waves ignore the standard overbought/ oversold levels on traditional assets. Please like, follow and comment!!
INDEX:BTCUSDLong
by TradingBrokersView
You don't know how to manage your portfolioI had a talk with my mentor earlier today, and we talked about how we each calculate the signal for our allocation towards ETH compared to BTC. It got me thinking that a lot of people actually aren't aware of why they allocate capital to different assets in the same class! Case in an upwards trend When the trend is up and you want to maximize your returns in crypto, with the least amount of risk... What do you do? Well, you know that alts are higher beta (they move more than BTC), but you don't know when BTC will alts... In the case for my conservative portfolio I only hold ETH and BTC, but how do I allocate between them? What I first and foremost do is look at the dominance chart for BTC: Here we see the dominance of BTC going down a lot, this is while the market is up (between 18th of jan 2021 and 19th of may 2021) The TPI informed us about the entire trend for the dominance chart. What you do in this scenario is now determine how much ETH you hold relative to BTC in this period (in your conservative portfolio) Open the ETH/BTC chart (I use binance personally) In this period we see ETH outperforming BTC a lot! When the TPI is bullish for the ETH/BTC pair, it means that ETH is likely to outperform BTC, how did that prediction go? As BTC dominance falls, and we see strength in ETH compared to BTC, we have a higher allocation towards ETH. But Omar, how do I quantize the amount of ETH compared to BTC? No one asked, but I will answer still: The TPI gives values between -1 and 1, I normalize these values between 0-1 for the ETH/BTC pair, where 0 is 0% allocation and 1 is 100% allocation towards ETH: Equation for normalization: minValue = 0 maxValue = 1 (TPI - minValue) / (maxValue - minValue) => (TPI - 0) / (1- 0) Since the TPI had been bearish with a TPI value at -1 for ETH/BTC since the 13th of march, 100% of my conservative portfolio is in BTC! Case in a downwards trend The method is the same, but reversed! When we look to maximize our returns on a short we want to short the asset that is underperforming! ETH was underperforming BTC by a large portion during the LUNA drama: This means most of the conservative portfolio was short ETH, rather than BTC Quite simple, but very effective! In conclusion I want you to ask your self, why am I allocating x% of my capital towards this asset (long or short), and is my allocation optimal? If you can't answer these two questions, then you probably need to look at your system Numbers don't lie, this method works! The TPI is truly the holy grail for a swing trader who wants to use statistics and data to maximize their returns and minimize their risk! Kind regards Omar I've linked an idea below from a dear friend of mine (much bigger than on this platform) who has marked out crutial levels for the altcoin market based on what the FED will do, give it a watch!
Education
by IkkeOmar
1
$QOMUSD Shiba Predator QOM is the Shiba Predator, it is a community token whose function is to flip the Shiba Market cap. QOM Price Live Data The live Shiba Predator price today is $7.84e-8 USD with a 24-hour trading volume of $1,010,516 USD. We update our QOM to USD price in real-time. Shiba Predator is up 5.39% in the last 24 hours. The current CoinMarketCap ranking is #423, with a live market cap of $47,015,780 USD. It has a circulating supply of 599,886,333,333,333 QOM coins and a max. supply of 1,000,000,000,000,000 QOM coins.
QLong
by BADQOMOCAWGOWLD
Alt Market on the VergeThe alt coin market is on the verge of a potentially volatile move, with several interesting factors at play. The recent candle close above the 0.5 Fib fan, which has acted as resistance, now appears to be holding as support, signaling that something significant may be stirring However, the most critical chart to watch right now is the Bitcoin market cap dominance. In the past, whenever the RSI poked outside the 70 zone, it signaled a bottom for the alt coin market. Last week's close put us just past that 70 zone, and it took 91 days for the dominance to come back down to the range. During that time, the alt coin market moved $285 billion and $255 billion dollars. Therefore, a move of $250-300 billion from where we are now could put the market cap at around the 0.382 Fib and under the 0.75 Fib fan. This is one of many reasons why I believe the top for the market will be in late June 2023. I use Fib time sequences frequently with great success, as we caught the big move down in the market months before it happened last year. We plan to do the same this year. So, when will this move happen? For me, it's straightforward. Once we break the support on the USDT dominance, we will see the next and possibly final leg of this relief rally. The entire year, we have failed to break this level, which shows very strong support. However, I am confident that a break of this level will signal the start of the next significant wave up for the market. There is alot of money to be made in the next 90days its going to be a easy x2-5 on most alt coins the move is going to be volatile , greed will come into the market heavily but come late June 2023 it will be over so there is very limited time to take advantage before the next big crash.
CRYPTOCAP:TOTAL2Long
by Sporia
2
NEXOUSD Buy but limitedNEXOUSD hit both the MA50 (1d) and MA200 (1d) today. The long term pattern is a Triangle that is limited by a Falling Resistance. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.8500 (Falling Resistance and +53.50% move). Tips: 1. The RSI (1d) is still only 60.00, indicating that until its usual deeply overbought tops, there is still room on this uptrend but only short term due to the Falling Resistance. Please like, follow and comment!!
CRYPTO:NEXOUSDLong
by TradingBrokersView
5
BTCUSD: Is entering another short term consolidation.The 4H time frame technically remains green for Bitcoin (RSI = 65.151, MACD = 993.700, ADX = 40.425) but the 4H RSI is under a LH trend line since January 14th. With the pattern printing an identical construct, it is possible to see a new consolidation on the current heights. The best buy entry should again be upon contact with the 4H MA200. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
INDEX:BTCUSD
by InvestingScope
4
#GMX $gmxusd volume profile bullish, last S/R 81$In the last few days we have seen an interesting development in #GMX, which can indicate a potential bull pattern. The S/R zone showed that the last important support area is at $81. Does it mean that the price cannot fall below $75.50? What if the bitcoin falls? Right now the price and trading activity are trying to form a triangle formation. What do you think, can we expect a huge breakout above the triangle? give me your opinion!
by cdlstkbible
Using institutional orderblocks to trade APEUSDTI marked out Order Blocks to determine a range for where APE is likely to be trading at, keep in mind... Markets are fractal Price is above the 4H Value Line, which means that we are biased towards long trades, we make value lines on a smaller timeframe (5 minute timeframe in this case) and wait for price to go below those value lines, we buy when the RSI is oversold while the price is below the recent 5 minute value line Value lines are centers of the latest contraction zone (lower high followed by a higher low; or higher low followed by a lower high) I also use my Trend Probability Indicator and see that BTC is bullish on the 1D timeframe, which means there is more potential upside for the crypto market in the mid-term; this is important if we want to build a larger position for the mid-term (if you don't want to be an intraday trader!) This trade is 2.24 Risk to Reward, I risk 2% of my capital on this trade Not financial advice, I am just sharing what I AM DOING !
Long
by IkkeOmar
Trend Probability Indicator and Modern Portfolio TheoryWhen it comes to being a safe swing-trader, you need to be able to catch a trend and detect when the momentum of the strength is weakning. An understanding of macroeconomics is also important to understand mid-long term catalysts that can affect the price of what you are interested in trading! Let's take a recent case: INDEX:BTCUSD Note, the TPI can have values between -1 and 1. When the TPI is between -0.2 and 0.2 the probability of the trend is concidered to be neutral / flat. At the close of the daily candle on the 9th of january closed with a TPI value of 0.6 (previous day was roughly 0.3). Even though the market structure is bearish, we know that the mid-term trend is super bullish, so we enter first on BTC and ETH. Why do we add ETH into the mix? Simple, because of correlation and beta. This is the Pearson Correlation Coefficient | from cryptowat.ch This is an important tool for me, because it tells me how correlated the alts are to BTC and ETH, this means I know if they lag behind BTC or follow it's trend in a timely manner. This allows me to go to the next step; calculating beta: Beta is defined by a scalar on how much an asset is going to move compared to benchmark asset (we use BTC as our benchmark) I'll save the beta calculations for another post But I end up with a few coins that are lagging behind BTC and some that follow it When the strong trend for BTC starts, I allocate towards BTC, ETH, AVAX, Aptos and Audius ETH, AVAX, APT and AUDIO has a high correlation to BTC when it comes to how they follow the direction of BTC, however they have a higher beta, which means their returns are scalled by a factor that is higher than 1 (they become bigger) We enter a swing position on all these coins and wait for the TPI to show weakness in the upwards trend of BTC Let's see how that went: The 7th of febuary, we have closed a lot of the trades, we have more capital available, we now look towards the lower correlated coins as some of them likely haven't pumped yet. I will make a seperate post in the future on how I use data to make a list of these coins, an example case is IRIS Iris has a rather low correlation to BTC (0.32) this doesn't mean IRIS doesn't follow BTC, it just lags behind quite a bit, this means: If we see a retracement in BTC but still see strength to the upside in the TPI or the Based Algo (developed by efremolo), we can buy coins like IRIS until we see additional weakness in BTC! On the 28th of febuary we saw the TPI show further weakness in the upwards trend for BTC: This is a perfect test case of how I would use the TPI to maximize my returns in a bullish market. Vice versa in bear markets, you run the same model, but reversed, however this limits you to coins that are on futures exchanges, which would need you to put money into exchanges. In very uncertain times I recommend you keep costody of your funds; "not your keys, not your coins". If this is how you think, you can use decentralized protocols such as aave and borrow against a coin to short it yourself. Before I finish this post, I want to give you a brief summary on what my TPI is saying now, and how I'll be moving 1: Market Structure is still bullish 2: TPI on the 1D (mid-long term) is above 0.64, which is super bullish 3: BTC will still be outperforming alts, unless the fed pumps more liquidity into the market It may be controversial, but I don't think the current banking issue is nearly as bad as it was in 2008, with the amount of inflation since then, its fair to assume that the effects of those bank runs, aren't as major as it would have been back then! Because of the higher probability of BTC outperforming the alt market, most of my holdings is in BTC for now:
INDEX:BTCUSDLong
by IkkeOmar
Bitcoin short-term update - BTC back at ATH 2017🚨Bitcoin short-term update (a) BTC back at ATH 2017 but quite oversold👀 (b) next bearish target at $19,450 - $19,280🐻 (c) next bullish target at $21,000🐂 Don't panic Crypto Nation😎 We are at FIB 50% from all gains since 2022 Low🚨 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
COINBASE:BTCUSD
by Crypto4Everybody
4