Volume Profile — Technische Indikatoren - TradingView

I made Bitcoin Cash Volume Profile (volume by price) chart. Like in Tradingview interactive chart but free.

submitted by Bitgur_com to btc [link] [comments]

I made Bitcoin Cash Volume Profile (volume by price) chart. Like in Tradingview interactive chart but free.

submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

I made Bitcoin Cash Volume Profile (volume by price) chart. Like in Tradingview interactive chart but free.

submitted by arcral to AlternativeCoin [link] [comments]

We're Going Down To A Market Cap of ~$420bn (Volumetric Observations)

This is a very basic take from a volumetric analysis of Bitcoin. Data dates back from yesterday, but today's confirms this prediction.
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH. THIS IS JUST ME SHARING MY OWN. Hopefully to kill some of the unnecessary FUD out here.
I'll go briefly over the following points:
  1. How we call this prediction for BTC.
  2. Extrapolation to global market cap and other cryptos.
  3. What it means for the crypto space.
  4. Why this information should help you.
Note: I'm not a native english speaker so please forgive in advance any approximation in terminology. Hopefully you can correct my words rather than criticize (assume it's logically correct but using the wrong words, before bashing. I'll humbly accept any criticism too, the point is to discuss.)

1. Volumetric Analysis

Observe this chart, especially the horizontal volume bars on the right, relating to pricing: https://i.imgur.com/ePOS4Ag.png
(Source: Trader of Futures, Published on Jan 29, 2018 on YouTube, link at the bottom. You can watch the video if you want more details about volumetric charts).
Most people look at Technical Analysis from a price standpoint (candles, etc), but this is more backward-looking than forward. In essence it shows what has happened, not what is about to happen.
From a volume standpoint though, you can effectively characterize two very important aspects of a given value:
You can see very clearly that BTC is dull right now over January (horizontally), there's not much incentive to upset the current (downward) trend. Down moves are strong, comparatively to consolidations (horizontal/up moves).
You can also identify the following support levels:
Notice how the volume is much bigger below 8.4k than it is above: this is strong sign that many people are comfortable buying below 8.4k, indicating that there are little chances we go below (everything will be bought). This is currently the strongest next support level for BTC.
Notice also how it's much, much bigger below $5k: reasonably we can assume that BTC cannot move lower. If we break the 5k barrier, it will be bought almost instantly in the $4k-$5k range.
It's all intuition and sentiment, but given the current situation of cryptos (see 3. below), it is very likely that we will go down to 8.4k. It is also very likely that we'll pick back up after that.
Currently, there is resistance around $12k. To break above that level, we'd need volume (horizontally, a push up with enough weight). We'll see how it goes once this bear phase becomes bull again. It's hard to know when the shift back up will happen, but I'd expect in February, and breaking past $12k in March or so.

2. Extrapolation to global market cap and other cryptos (top 25)

Based on prices from yesterday, a dip to $8.44k for BTC would be about 0.85 its price when I took the values (9913 at the time).
It seems that the market is vastly correlated to BTC globally, so if we simply assume a linear move for the market globally, here's what we can expect:
https://i.imgur.com/nJb5Uiw.png
In blue, a 0.85 dip. In pink, a 0.51 dip down to $5k-ish.
Again, it's very likely we will hit the blue values. It's possible, although rather unlikely we'll hit the pink ones.
For any value that's not in this chart, just multiply your coin's current value ×0.85 to get a feel of how much lower it will likely go.
For a more thorough price prediction, we should look at volumes (in pricing, Y-axis) of each cryptocurrency. I don't have time to do that, but you can and would therefore identify the proper support levels for each coin. I assumed here that it's overall "about good enough" to get a feel.

3. The crypto space right now

This is the most subjective part of this post so I'll just echo general sentiment.

Some people have a clear interest for cryptos to go down temporarily

Now that the crypto market has been somewhat legitimized, more and more people want in. They're not willing to buy at ATH obviously, so many are waiting. Others already in are taking profits as they see/saw this bear coming. It's all normal and a factual expectation of any market soaring high, then pausing a bit before going much higher if the underlying fundamentals are good.
The crypto scene right now is a bit of both, good and bad fundamentals (from the tech which is good but mostly beta/alpha, to the use-cases and general legal environment which is uncertain for now and therefore more on the bad sides of things, until such time we clear these unknowns).
Basically, whales are now waiting for the right time to enter. This is our $8.4k support level, as long as there's no major event to upset it (war, stock market crash, basically any macroeconomic bomb).

The somewhat official Bitcoin (BTC) is currently falling out of favor

Versus other cryptos, BTC dominance over the market went from 66% to 33% in a month. It's a huge loss of dominance that it's very unlikely to recover. Many people are already predicting that Ethereum (ETH) will soon take it over.
People also realized that BTC was no more viable as a "peer-to-peer electronic cash system" (words taken from Satoshi Nakamoto in the white paper) and that many other cryptos could be valid candidate. The space is in tremendous innovation, it's a really before-early-adopter phase right now.
Internally regarding Bitcoin itself, there is also much controversy due to forks over fundamental disagreements (namely Bitcoin Cash BHC) and a questionable new direction taken by self-proclaimed official caretakers of BTC (namely "Blockstream").
This is the reason for the feud between Bitcoin (BTC) and btc (BCH). I won't go into it here, but let's just say that overall it's a bit of shitshow that doesn't reflect good upon any bitcoin fork right now, and that appearances can be very, very deceiving, willingly or not from their respective promoters. Personally, I've been flabbergasted at what I've discovered, and I'm pretty sure it will be a big bomb if it ever reaches the attention of major media (it probably won't though).
Basically, BTC is falling out of favor fast from the general public, and this is causing the general crypto market as a whole to pause, reflect, and probably evolve, but that's never as smooth as it seems.
My personal prediction is that the top 3 coins a year from now may possibly not include any bitcoin(s).

Tether, Bitgrail, Bitconnect: time to do some cleaning

These are just examples of FUD-inducing events (some would say with good reasons!) that keep nagging this space with pains that keep it volatile and uncertain.
It's not clear at all when the crypto market will become suitable enough for the real mainstream to enter, not even questioning its use cases for now. But there are thresholds in security, trust, compliance that we have yet to pass with flying colors.
Again, this is causing more uncertainty. Since it's very hard to pinpoint the exact reasons for a surge up or a fall down in value of crypto-values, market actors are taking a stance back before making their bigger moves. Ergo, wait, see what's what.

South Korea, China and the USA are to make big legal moves

We don't know yet what will the legal situation be 6 months from now. What's sure is that official authorities have taken a big deep look at cryptos now, and Asia is by far the biggest investor especially in the mainstream. We're nowhere near that level in the west, although the importance of the USA in the global economy amplifies its decisions from a media standpoint.
Europe is also making moves, although as usually these days, it's a bit of an old dwarf versus Asia and America; its rather conservative population is unlikely to make massive moves (a notable exception is Switzerland for its relative independence from the EU).
This is again more general uncertainty, especially in Korea and China, that begs investors to wait a bit before they move. Hence, the bear is making its run. Big money, the kind that has a clear interest for a lower price, isn't doing anything to stop that trend (see first point).

Big, real, good projects take time

If you look at the development roadmaps and expectations from big projects team members (ETH, NEO...), you'll see that they expect to meet certain very important milestones (notably in scaling) by 2019 or even 2020. We're not there yet for general mainstream VISA-threatening adoption, guys. We still have A LOT of work to do.
Did I already mention that this market needs time?

4. What this information all means for you, how does this help?

Obviously the most important parts were 1. and 2. regarding your investments.
You now have a clearer picture of where we're going, most likely. You can anticipate how much your values will drop if they keep going down. So you can now arm yourself with patience, knowing that it is to be expected.
A bear market sometimes makes casualties, in the form of values (coins, companies, entire sectors...) that had no solid-enough grounds. There are bankruptcies, some teams/projects get bought. Others earn their legitimacy, too.
Don't panic. Just rationalize your investments:
  • Are the projects you support solid? It's not about being big (top 25) or small (in the high hundreds on CMC...), it's about being good, realistic, solving problems. It's about having people that can deliver on their objectives (track record, experience, behavior with other actors and on social media). I have more confidence in some rank 1,000-ish cryptos in my portfolio than some top 25.
  • How deep are their pockets? Dedicated their team? Can they withstand a month or even year-long bear market? Can they keep the payroll going until there's money coming in, i.e. a valid product? How timely is their product versus the chances of adoption? (this is why I insisted on making part 3. above).
You can't necessarily know the real answer to all these questions unless you're an insider, but some projects are better than others at making these unknowns known. Trust your intuition. If something feels off to you, it probably is to some degree. Question is, how comfortable are you supporting them with your own money?

Final words

Expect the dip to continue.

Until you see a market cap of ~420 billions, it's just the natural continuation of current volumes. It's OK, you already know (now...) what it means in terms of numbers in your portfolio. You wouldn't be here in the first place if you weren't ready for dips in-between highs.
If we break below that, sub-$400bn, then chances are we'll be heading for a 50%-ish dip, down to ~250bn. It's OK, too. Don't panic sell. Just be brutally honest with yourself before that, to let go of projects that you don't really believe in (moonshots ICOs and over-hyped coins), remain confident as ever in the ones you trust to see the light eventually.
This is a long term game, we're before early adoption in terms of tech.
There will be many such dips before we get there.
But we'll get there, eventually. That's what we all believe. And we have solid grounds for that belief, it's not faith, it's an educated guess based on how this world and business works.

If you want to double in (buy more), look at volumes to get a general bearing on your favorites.

Look at volumes on your coins. On the general market. Look how big people are moving, not just how high/low a given value is moving (it could be very low volumes and mean not much, if anything at all).
Don't be the sucker that only looks at candles. Spoiler: good traders don't really care for candles. Price analysis. TA. This is all just a reflection of the past. Volume is where it's at to anticipate moves, and you can only mix that with experience and intuition for the market. That's what investing on markets means.
You should never invest in something you don't understand, in a company or project you can't judge for yourself. For instance I understand tech, so I'm comfortable investing in Silicon Valley tech companies. But I know shit about retail even though I read Sam Walton's and Jeff Bezos biography. So I don't invest in those. If you invest in crypto, you should at least know a bit about crypto-tech itself, and you should know about the industry your particular projects are targeting.
None of this post is financial advice (I'm not qualified for that). But this is my only investing advice for you: know what these guys you're giving money to are doing. Be able to have an opinion about their goals, how it fits in the real world.
That's it, peeps. Already long enough I guess.
I'm hoping some nice fellow redditor can make a guide to volumetric analysis on tradingview.com or something.
Have a great day.
Link to the video that inspired me to make this post: https://youtu.be/DMFK6_gA_H4

EDIT: QUICK UPDATE 2018-02-02 10:44 UTC

We're now standing right above the support level for [email protected]$8.4K-ish (Y-axis volume profile). So far this estimation seems to be about right. [disclaimer: it's not just me, several people called this a month ago, I'm actually late to this party.]
  • Answering comments about graph analysis of any kind:
Remember, it's not only graph analysis: a good part of guesstimating markets is just that, guessing, based on intuition/sentiment/experience, whatever you call it. The news do matter, so do the fundamentals (the tech, the target market/sector's readiness for adoption of products (aka S-curve), the legal environment, etc.). Part 3 in this post is mostly why I drew such conclusions from the volume profile, and why I ultimately felt we were going down (and could still go lower). This doesn't change my general feeling that cryptos are here to stay and will be a major part of the economy in the 2020's. Nonetheless, volume profile is a strong indicator of future performance, unless major event —extrinsic (e.g. global crash/war etc.) or intrinsic (e.g. bad fork, legal issues, etc.), for a period about as long as the retracing (here, 4 months, so whatever you infer from these charts above could only go as far as April or so). I feel the market is too new and volatile to infer much further from graphs, after that it's only sentiment.
  • Back to our chart:
We broke below the average growth line from early October (white line + "!" on this graph). I don't think it's very significant, but some people would, so I included it. Notice we only have 2 strong lows to draw this, one (middle) is weak-ish.
There's a big buy wall underneath our current $8.4K support level, so chances are we'll rebound. If we do break below however, we're headed towards the yellow arrow/line ($5K, $250bn market cap or lower if other cryptos keep falling below BTC, and they very well might in average if this is a sanitizing event —which is very much needed for the sanity of this space, imho). Looking at the overall ordered volumes (horizontally), the current fall isn't very much sustained however, about average, indicating a dull movement upset only by previous volume profiles as we speak. An influx of good news could reverse it. Otherwise... brace yourselves.
Edit 2018-02-02 23:30 UTC: the market seems to have stabilized around $410 bn.
Edit 2018-02-07 13:05 UTC: We've hit a low of $270~280 bn, BTC tried the $6K level but bounced. News from the USA seems to have a positive effect, possible recovery ongoing (it's an integral part of the way we read these charts today). Volumes are stronger than ever on this rising trend. We may still see a bigger dip or two but general trend imho looks to be upwards.
We are currently testing a resistance level around $8500 for BTC. (Next one above is 12K-ish and then there's no foreseeable bound. Below we sit above a direct fall to $5.5K).
Edit 2018-02-09 01:50 UTC: We're not in the clear yet, imho. The sentiment is still bearish. There are signs of bulls waiting to come in but we're testing a rather strong resistance level kicking off around $8,400. Below the current $8K price, we do have to confirm or find a floor before we bull back up (last support on Feb 6th was at $6K, history shows a support level around 5,400 (from Nov 12) but volume profile suggests we could test slightly below, $5K support from mid Oct).
I am still observing this market before making another post. I'm about half confident that we're seeing the last bears.
Right now I don't have anything else to say to you other than what I'm personally doing: I'm holding, not buying this dip just yet; waiting to see a second confirmation of the support level in the $5K~6.5K range (i.e. support level). I want to make a most educated decision in the aftermath of this crash. I plan to buy in just after the bull market resumes, once I've had several (at least two) possible confirmations (might be RSI, might be volumes, might be some news/sentiment, might be just a textbook 'W' too).
On the way up, regardless of when it happens, we still have to retest several resistance levels: $12.2K, 13K, 14.6K. BTC is very uncomfortable for some reason around $12K, so I expect turmoil in these areas.
Here's my non-professional advice for crucial times: don't be too hasty. Don't panic over 20% when your end game is 200% or ten times that. Don't fear of missing out by a day or even a week when you're in for years... Many (educated) people still believe $30K~40K for BTC by year's end to be a rather conservative estimate. I concur. So who gives a f--k about $2K more or less now? ; )
Edit 2018-02-12 20:20 UTC:
This time, the volume profile I outlined 11 days ago was rather spot on.
I'm still observing the market honestly, we're in a bit of a horizontal move right now. We did stretch almost to $250bn in the dip, but it seems $420bn really is/was the consolidation average box. It's hard to predict which way it's gonna break out in the short term. (for more info, see "Bitraged" videos on YouTube, they really nail it in their current videos, lots of educational value too; I really like their channel).
What's sure is that, everyday we spend at this market cap is all the more ground to "validate" this $420bn value; in other words as we accumulate historical volume at this level, it means that the crypto market really is worth it (increasingly certainly not less). That's a reassuring sign imho.
I think the real consolidation will happen later this year, probably at a higher market cap, when "good" coins/projects start siphoning the "bad" ones. Big finance involvement (and their many audits, reports, evaluations, etc. destined to their major customers) will sort out the market hopefully more rationally than it is today. I expect this to slowly be reflected on rankings like CMC.
Regarding Q2-Q3, there are increasingly many more signs that the future looks bright overall. However I'm thinking that the involvement of big financial institutions (FI) will likely result in much more regulation and therefore the death of many not-so-fantastic projects/coins, and some exchanges as well. I hope this will truly be the year of decentralized exchanges, so that we have an alternative to big FI's exchanges (I personally would use both, for different purposes).
Personally I'm regrouping my assets around projects I really really trust, those with a promising basis and already established demand (e.g. fiat-to-crypto gates, or crypto management solutions for the mainstream), while planning on investing in some hot-shot ICOs during Q1.
Thanks again for all your comments and pms, I very much appreciate the discussion.
submitted by ikkei to CryptoCurrency [link] [comments]

Crypto Investing Guide: Useful resources and tools, and how to create an investment strategy

Lots of people have PM'd me asking me the same questions on where to find information and how to put together their portfolio so I decided to put a guide for crypto investors, especially those who have only been in a few months and are still confused.
Many people entered recently at a time when the market was rewarding the very worst type of investment behavior. Unfortunately there aren't many guides and a lot of people end up looking at things like Twitter or the trending Youtube crypto videos, which is dominated by "How to make $1,00,000 by daytrading crypto" and influencers like CryptoNick.
So I'll try to put together a guide from what I've learned and some tips, on how to invest in this asset class. This is going to be Part 1, in another post later I'll post a systematic approach to valuation and picking individual assets.

Getting started: Tools and resources

You don't have to be a programmer or techie to invest in crypto, but you should first learn the basics of how it functions. I find that this video by 3Blue1Brown is the best introduction to what a blockchain actually is and how it functions, because it explains it clearly and simply with visuals while not dumbing it down too much. If you want a more ELI5 version with cute cartoons, then Upfolio has a nice beginner's intro to the blockchain concept and quick descriptions of top 100 cryptocurrencies. I also recommend simply going to Wikipedia and reading the blockchain and cryptocurrency page and clicking onto a few links in, read about POS vs POW...etc. Later on you'll need this information to understand why a specific use case may or may not benefit from a blockchain structure. Here is a quick summary of the common terms you should know.
Next you should arm yourself with some informational resources. I compiled a convenient list of useful tools and sites that I've used and find to be worthy of bookmarking:
Market information
Analysis tools
Portfolio Tracking
Youtube
I generally don't follow much on Youtube because it's dominated by idiocy like Trevon James and CryptoNick, but there are some that I think are worthy of following:

Constructing a Investment Strategy

I can't stress enough how important it is to construct an actual investment strategy. Organize what your goals are, what your risk tolerance is and how you plan to construct a portfolio to achieve those goals rather than just chasing the flavor of the week.
Why? Because it will force you to slow down and make decisions based on rational thinking rather than emotion, and will also inevitably lead you to think long term.

Setting ROI targets

Bluntly put, a lot of young investors who are in crypto have really unrealistic expectations about returns and risk.
A lot of them have never invested in any other type of financial asset, and hence many seem to consider a 10% ROI in a month to be unexciting, even though that is roughly what they should be aiming for.
I see a ton of people now on this sub and on other sites making their decisions with the expectation to double their money every month. This has lead a worrying amount of newbies putting in way too much money way too quickly into anything on the front page of CoinMarketCap with a low dollar value per coin hoping that crypto get them out of their debt or a life of drudgery in a cubicle. And all in the next year or two!
But its important to temper your hype about returns and realize why we had this exponential growth in the last year. The only reason we saw so much upward price action is because of fiat monetary base expansion from people FOMO-ing in due to media coverage. People are hoping to ride the bubble and sell to a greater fool in a few months, it is classic Greater Fool Theory. That's it. Its not because we are seeing any mass increase in adoption or actual widespread utility with cryptocurrency. We passed the $1,000 psychological marker again for Bitcoin which we hadn't seen since right before the Mt.Gox disaster, and it just snowballed the positivity as headline after headline came out about the price growth. However those unexciting returns of 10% a month are not only the norm, but much more healthy for an alternative investment class. Here are the annual returns for Bitcoin for the last few years:
Year BTC Return
2017 1,300%
2016 120%
2015 35%
2014 -60%
2013 5300%
2012 150 %
Keep in mind that a 10% monthly increase when compounded equals a 313% annual return, or over 3x your money. That may not sound exciting to those who entered recently and saw their money go 20x in a month on something like Tron before it crashed back down, but that 3X annual return is better than Bitcoin's return every year except the year right before the last market meltdown and 2017. I have been saying for a while now that we are due for a major correction and every investor now should be planning for that possibility through proper allocation and setting return expectations that are reasonable.
How to set a realistic ROI target
How do I set my own personal return target?
Basically I aim to achieve a portfolio return of roughly 385% annually (3.85X increase per year) or about 11.89% monthly return when compounded. How did I come up with that target? I base it on the average compounded annual growth return (CAGR) over the last 3 years on the entire market:
Year Total Crypto Market Cap
Jan 1, 2014: $10.73 billion
Jan 1, 2017: $615 billion
Compounded annual growth return (CAGR): (615/10.73)1/3 = 385%
My personal strategy is to sell my portfolio every December then buy back into the market at around the beginning of February and I intend to hold on average for 3 years, so this works for me but you may choose to do it a different way for your own reasons. I think this is a good average to aim for as a general guideline because it includes both the good years (2017) and the bad (2014). Once you have a target you can construct your risk profile (low risk vs. high risk category coins) in your portfolio. If you want to try for a higher CAGR than about 385% then you will likely need to go into more highly speculative picks. I can't tell you what return target you should set for yourself, but just make sure its not depended on you needing to achieve continual near vertical parabolic price action in small cap shillcoins because that isn't sustainable.
As the recent January dip showed while the core cryptos like Bitcoin and Ethereum would dip an X percentage, the altcoins would often drop double or triple that amount. Its a very fragile market, and the type of dumb behavior that people were engaging in that was profitable in a bull market (chasing pumps, going all in on a microcap shillcoin, having an attention span of a squirrel...etc) will lead to consequences. Just like they jumped on the crypto bandwagon without thinking about risk adjusted returns, they will just as quickly jump on whatever bandwagon will be used to blame for the deflation of the bubble, whether the blame is assigned to Wall Steet and Bitcoin futures or Asians or some government.
Nobody who pumped money into garbage without any use case or utility will accept that they themselves and their own unreasonable expectations for returns were the reason for the gross mispricing of most cryptocurrencies.

Risk Management

Quanitifying risk in crypto is surprisingly difficult because the historical returns aren't normally distributed, meaning that tools like Sharpe Ratio and other risk metrics can't really be used as intended. Instead you'll have to think of your own risk tolerance and qualitatively evaluate how risky each crypto is based on the team, the use case prospects, the amount of competition and the general market risk.
You can think of each crypto having a risk factor that is the summation of the general crypto market risk (Rm) as ultimately everything is tied to how Bitcoin does, but also its own inherent risk specific to its own goals (Ri).
Rt = Rm +Ri
The market risk is something you cannot avoid, if some China FUD comes out about regulations on Bitcoin then your investment in solid altcoin picks will go down too along with Bitcoin. This (Rm) return is essentially what risk you undertake to have a market ROI of 385% I talked about above. What you can minimize though is the Ri, the aset specific risks with the team, the likelihood they will actually deliver, the likelihood that their solution will be adopted. Unfortunately there is no one way to do this, you simply have to take the time to research and form your own opinion on how risky it really is before allocating a certain percentage to it. Consider the individual risk of each crypto and start looking for red flags:
  • guaranteed promises of large returns (protip: that's a Ponzi)
  • float allocations that give way too much to the founder
  • vague whitepapers
  • vague timelines
  • no clear use case
  • Github with no useful code and sparse activity
  • a team that is difficult to find information on or even worse anonymous
While all cryptocurrencies are a risky investments but generally you can break down cryptos into "low" risk core, medium risk speculative and high risk speculative
  • Low Risk Core - This is the exchange pairing cryptos and those that are well established. These are almost sure to be around in 5 years, and will recover after any bear market. Bitcoin, Litecoin and Ethereum are in this class of risk, and I would also argue Monero.
  • Medium Risk Speculative - These would be cryptos which generally have at least some product and are reasonably established, but higher risk than Core. Things like ZCash, Ripple, NEO..etc.
  • High Risk Speculative - This is anything created within the last few months, low caps, shillcoins, ICOs...etc. Most cryptos are in this category, most of them will be essentially worthless in 5 years.
How much risk should you take on? That depends on your own life situation but also it should be proportional to how much expertise you have in both financial analysis and technology. If you're a newbie who doesn't understand the tech and has no idea how to value assets, your risk tolerance should be lower than a programmer who understand the tech or a financial analyst who is experienced in valuation metrics.
Right now the trio of BTC-ETH-LTC account for 55% of the market cap, so between 50-70% of your portfolio in low Risk Core for newbies is a great starting point. Then you can go down to 25-30% as you gain confidence and experience. But always try to keep about 1/3rd in safe core positions. Don't go all in on speculative picks.
Core principles to minimize risk
  • Have the majority of your holdings in things you feel good holding for at least 2 years. Don't use the majority of your investment for day trading or short term investing.
  • Consider using dollar cost averaging to enter a position. This generally means investing a X amount over several periods, instead of at once. You can also use downward biased dollar cost averaging to mitigate against downward risk. For example instead of investing $1000 at once in a position at market price, you can buy $500 at the market price today then set several limit orders at slightly lower intervals (for example $250 at 5% lower than market price, $250 at 10% lower than market price). This way your average cost of acquisition will be lower if the crypto happens to decline over the short term.
  • Never chase a pump. Its simply too risky as its such an inefficient and unregulated market. If you continue to do it, most of your money losing decisions will be because you emotionally FOMO-ed into gambling on a symbol.
  • Invest what you can afford to lose. Don't have more than 5-10% of your net worth in crypto.
  • Consider what level of loss you can't accept in a position with a high risk factor, and use stop-limit orders to hedge against sudden crashes. Set you stop price at about 5-10% above your lowest limit. Stop-limit orders aren't perfect but they're better than having no hedging strategy for a risky microcap in case of some meltdown. Only you can determine what bags you are unwilling to hold.
  • Diversify across sectors and rebalance your allocations periodically. Keep about 1/3rd in low risk core holdings.
  • Have some fiat in reserve at a FDIC-insured exchange (ex. Gemini), and be ready to add to your winning positions on a pullback.
  • Remember you didn't actually make any money until you take some profits, so take do some profits when everyone else is at peak FOMO-ing bubble mode. You will also sleep much more comfortably once you take out the equivalent of your principal.

Portfolio Allocation

Along with thinking about your portfolio in terms of risk categories described above, I really find it helpful to think about the segments you are in. OnChainFX has some segment categorization but I generally like to bring it down to:
  • Core holdings - essentially the Low Risk Core segment
  • Platform segment
  • Privacy segment
  • Finance/Bank settlement segment
  • Enterprise Blockchain solutions segment
  • Promising/Innovative Tech segment
This is merely what I use, but I'm sure you can think of your own. The key point I have is to try to invest your medium and high risk picks in a segment you understand well, and in which you can relatively accurately judge risk. If you don't understand anything about how banking works or SWIFT or international settlement layers, don't invest in Stellar. If you have no idea how a supply chain functions, avoid investing in VeChain (even if it's being shilled to death on Reddit at the moment just like XRB was last month).
What's interesting is that often we see like-coin movement, for example when a coin from one segment pumps we will frequently see another similar coin in the same segment go up (think Stellar following after Ripple).
Consider the historic correlations between your holdings. Generally when Bitcoin pumps, altcoins dump but at what rate depends on the coin. When Bitcoin goes sideways we tend to see pumping in altcoins, while when Bitcoin goes down, everything goes down.
You should set price targets for each of your holdings, which is a whole separate discussion I'll go in Part 2 of the guide.

Summing it up

This was meant to get you think about what return targets you should set for your portfolio and how much risk you are willing to take and what strategies you can follow to mitigate that risk.
Returns around 385% (average crypto market CAGR over the last 3 years) would be a good target to aim for while remaining realistic, you can tweak it a bit based on your own risk tolerance. What category of risk your individual crypto picks should be will be determined by how much more greed you have for above average market return. A portfolio of 50% core holdings, 30% medium risk in a sector you understand well and 20% in high risk speculative is probably what the average portfolio should look like, with newbies going more towards 70% core and only 5% high risk speculative.
Just by thinking about these things you'll likely do better than most crypto investors, because most don't think about this stuff, to their own detriment.
submitted by arsonbunny to CryptoMarkets [link] [comments]

Automatic Bitcoin price channel prediction. Support and resistance levels. Updated hourly.

Hi all!
We launched experimental tool which makes technical analysis easier. We are trying to predict support and resistance levels for different timeframes.
Medium article with better formatting: https://medium.com/bitguautomatic-price-channel-prediction-fe05dd544086
Screenshot: https://i.imgur.com/hNMOWzs.png
BTC channel prediction: https://bitgur.com/coin/BTC/prediction

Description

This tool consists of three charts which help with technical analysis for the next 24 hours, 7 and 30 days. Each chart is based on data from three previous periods. A channel prediction for 24 hours is based on data from the last 72 hours. A channel prediction for 7 days is based on data from the last 21 days and a prediction for 30 days is also constructed. The weight of data decreases with time. Reports are updated hourly.

Each chart has the following elements:

1. Volume profile histogram in the left part of the chart.
Volume profile histogram is based on the data from the previous three periods and is designed to determinate price channel. You may read more on how to use this type of chart in technical analysis in this article on one of the popular trading sites: https://www.tradingview.com/wiki/Volume_Profile
2. Red lines
They are edges of a current price channel based on volume profile analysis.
3. Orange lines
They are main resistance and support levels for the chart, which were achieved in the course of past trades. They do not depend on the selected period.
If more than 10 levels are found for the current price range, then 10 most significant are selected and shown on the chart. The weight of the level is based on a scale from 0 to 100. Where 100 is the weight of the global minimum or maximum (depending on which trend was stronger). The weight of the remaining levels is always less than 100 and shows how significant the minimum or maximum was.
4. Cryptocurrency price chart
It’s weighted price from dozens of main exchanges.

Probable Use Cases

1. If you do not have a short-term trading strategy and want to open or close a position in the near future, the table of current levels can help you choose the best price.
2. You have a short-term trading strategy, but it does not take into consideration all historical minimums and maximums. In this case, it will be useful for you to see levels that can significantly influence the behaviour of the market.
The choice of a timeframe (24 hours, 7 or 30 days) for analysis depends on your trading strategy.

Links

Despite the fact that we create prediction page for several hundreds of coins you must remember that this tool can be useful mostly for coins with large trade volume.
Bitcoin: https://bitgur.com/coin/BTC/prediction
Ethereum: https://bitgur.com/coin/ETH/prediction
Ripple: https://bitgur.com/coin/XRP/prediction
Bitcoin Cash: https://bitgur.com/coin/BCH/prediction
EOS: https://bitgur.com/coin/EOS/prediction

Disclaimer

First of all, I need to tell you that this tool isn’t “Magic wand” and it’s unlikely that you can get your first Lambo immediately after exploring this tool.
Secondly, we don’t sell anything and don’t promote any coins or trade signals.
Thirdly, we still don’t have a Nobel Prize in Economics, and this tool is just our attempt to understand market better, find trading patterns and satisfy our interest in developing high-performance analytical tools.
submitted by Bitgur_com to BitcoinMarkets [link] [comments]

Bitcoin bearish fundamentals summary

I am going to make a quick and summarized list of all the reasons why bitcoin could go down.
REFERENCES
I removed the links for visual aesthetic, will re-list them again tomorrow in a more responsive way. But there is nothing false in the above and if you think anything is false you can just type it in google while there are no links in here
DISCLAIMER: This is not an investment advice. My analisys could change at any moment. If interested in what are solely my opinions and never and investment advice, you can follow my updated analisys in my tradingview profile https://www.tradingview.combagofXM
EDIT: clock930 is helping me with this list
submitted by el_hispano to BitcoinMarkets [link] [comments]

I do not envy those who joined ICOs a month ago.

I do not envy those who joined ICOs a month ago. This is some real pain. Many assets’ price is down by 30-40-50%. Now the market shows a clear trend: "Wait for the ICO to finish and buy twice cheaper." Many market participants were attracted by a guaranteed profit on the expectations of Bitcoin Gold's hardfork, which became one of the reasons for the rally. And while bitcoin continued its triumphal march, altcoins plunged into an abyss of total horror. The asset volume started its movement and redistribution.
This was preceded by a thorough preparation - shaking out market participants with "negative" news from China and large players buying at 3600. A good dramatization brought them their 100% profit, not bad! In just three months, the domination index rose from 37% to 61%. Bitcoin absorbed a huge part of the market.
Bitcoin has reached local targets now and is waiting for an imminent correction. One important question remains unanswered: Where exactly will the cash flows be directed during the correction? Either money will leave the market, or be redistributed within it.
Under the second scenario, we have a good potential for a number of assets. It can even be assumed that the ICO authors themselves are now buying them at the lowest price. So, I offer you a few ideas that can bring a good profit!
Lunyr (LUN) - a decentralized knowledge base on the Ethereum blockchain.. The technical overview suggests cautious purchases from the level of 3-3.5 $. There are at least three reasons why this can work.
First, the downward trend is broken, secondly, we saw the initiative buying volume, and thirdly, now there is a retest of volume profile in May-August 2017.
Trading Idea: Buy Lunyr in the range of 3-3.5 on the descending channel retest. The deal size is 10-12% of the portfolio, the stop signal is 20% below the purchase level. The target is in the range of 10-11, which is about 200% of potential growth. The investment horizon is 2-3 months.
Elastic (XEL) - a supercomputer based on cloud computing.
The technical overview suggest purchases from 0.25. There are four reasons why this idea can work.
First, the retest of the downward channel has been completed from top to bottom, and secondly, the retest of the basic volume profile (July 2017) is completed, and thirdly, the daily closure candlestick is likely to be above the support line and will leave a long shadow. Fourth, we saw an initiative volume for the purchase, which has not yet moved into the development of a growing trend, but will strive for this realization. Trading idea: Purchase Elastic from 0.25, the amount of the deal - 8-10% of the portfolio, the stop signal is 30% of the purchase level in the 0.175 area. The target is in the range of 0.65, which is approximately 150% from current values. Investment horizon is 2 months.
Kick Coin (Kick) - ICO platform. This token from the third division has been attracting my attention for a long time, and now it's time for careful purchases. After the asset has descended to 0.025, it was returned to the level of 0.0320 and if it is strong enough, then the movement to the area 0.0450, 0.0520 can develop.
Unfortunately, the asset is not yet available on the tradingview service for displaying as a usual chart, but even this way it is possible to determine the nearest targets.
Trading Idea: Buy Kick from 0.032, the size of the deal is 10-12% of the portfolio. The stop signal is 25% below the buy level in the 0.025 area. The target is 0.0450-0.0520, which is 40%-62.5% growth from current values. The investment horizon is 2-4 weeks.
In general, alttoken has a lot of attractive ideas and in the near future we will review some of them. Pressure from Bitcoin will go away and individual assets will be able to please their Holders.
Thank you for your attention, with you was the crypto-futurist Vadique Magenta.
submitted by Vadique_Magenta to icocrypto [link] [comments]

Bitcoin Price Analysis: Bullish Outside Day Hints Further Recovery Ahead

As originally published via CoinLive
BTC/USDT - Access Full Scale Chart via TradingView
![](https://coinlive.io/ckeditor_assets/pictures/942/content_1.png)
On the daily chart, a bullish outside day is pre-emptive of a potential extension of the bullish momentum after the vigorous rejection off a key support at $7k. The buy-side volume was slightly higher than its preceding day, suggesting an increase in the commitment by buyers. The prospects of a recovery towards the area of support-turned-resistance circa $8k should be on the cards short term. The break above Tuesday's highs shows the right bullish intent for such upward continuation.
![](https://coinlive.io/ckeditor_assets/pictures/943/content_2.png)
On the hourly chart, we saw two consecutive green candles with huge volumes, allowing a $500 recovery which has found acceptance near the highs. The volume profile for Tuesday, with the majority of the volume concentrated on the upper end communicates a market that is building value at higher levels.
The impulsiveness of the move up has also confirmed the formation of a first bullish cycle on the hourly, with two volume nodes acting as dynamic supports on any potential setbacks. In the short term, as long as the market can hold above the latter point of control at $7.2k, the prospects for a continuation of the bullish bias is quite possible.
Footnotes:
submitted by Ivo333 to BitcoinMarkets [link] [comments]

I made Cryptocurrency Volume Profile (volume by price) charts. Like in Tradingview interactive chart but free.

I made Cryptocurrency Volume Profile (volume by price) charts. Like in Tradingview interactive chart but free.
Examples:
Bitcoin: https://bitgur.com/coin/BTC/chart
Ethereum: https://bitgur.com/coin/ETH/chart
Stellar: https://bitgur.com/coin/XLM/chart
Nano: https://bitgur.com/coin/XRB/chart
Please let me know what do you think!
submitted by Bitgur_com to BitcoinMarkets [link] [comments]

Bitcoin Price Analysis: Sellers in Full Control, Correction Has Limited Room

As originally published via CoinLive website.
BTC/USDT - Access Full Scale Chart via TradingView
![](https://www.coinlive.io/ckeditor_assets/pictures/899/content_1.png)
On the daily chart, the price action remains clearly bearish, with the latest push down occurring amid increasing volume coupled with a close at the low of the day. While buyers are likely to come in around the $7.4k static support in efforts to either scalp or take advantage of a cheaper valuation to average cost their holdings of Bitcoin, the downward pressure remains too strong to convey any message other than any possible recovery only looks corrective and rather short-lived in nature. Expect sellers to remain in control.
![](https://www.coinlive.io/ckeditor_assets/pictures/901/content_2018-05-24_1453.png)
On the hourly chart, the latest sell-off appears to have the characteristics of a short-term capitulation move, which tends to be followed by a corrective phase as bargain hunters step in for short-term plays aiming to extract some quick profits off the table. Note, any bounce will most likely be deprived of further progress ahead of the $8k level, with Wednesday's POC (Point of Control) along with a critical static resistance line to act as a tough area to break and where most profit-taking is likely.
The latest leg down off $8.6k down towards $7.4 confirms a successful bearish rotation and what's most likely to be seen as the 1st leg of a down cycle (a move tends to mature after 3 legs have developed barring major fundamental catalysts). Also, as one can notice, all the volume spikes correspond to bearish candles, meaning that the commitment behind selling campaigns far exceeds any counter-efforts to revert the current bearish motion of the price action.
To conclude, there might be room for a short-term recovery up to $7.8-7.9k, however, any price above this range should be perceived as a sellers' stronghold to keep the pressure down
Footnotes:
submitted by Ivo333 to BitcoinMarkets [link] [comments]

Detailed TA of BAT - Credit to /u/ththrowayay

Morning all!
ththrowayay was kind enough to offer a detailed analysis for requested altcoins in an /bitcoinmarkets thread. I requested BAT, and figured I’d post their TA here for all of you to reference. Some really nice charts here and things to consider!
https://www.tradingview.com/x/TgaOXoij/
Daily at a glance looks like it's pretty stuck in a range, I wouldn't expect this to change anytime soon without a catalyst. The price action circled in purple could repeat here, there is evidence that a fractal could play out. The bullish TK cross occurred, so now I would be looking for the daily to enter the cloud, signaling an edge to edge move to the cloud top.
https://www.tradingview.com/x/80rTAgeI/
Potential play on 4 hour, premise is that we are consolidating above the point of control, and demand will push the price up back into other volume node.
Tradingview Profile

Source/thread being referenced: http://www.reddit.com/BitcoinMarkets/comments/9ky3qh/offering_free_custom_technical_analysis_on_any/e76v459
Edit: probably should’ve mentioned this in title - this is an analysis of BAT/BTC.
submitted by aSchizophrenicCat to BATProject [link] [comments]

Automatic Cryptocurrency price channel prediction. Support and resistance levels. Updated hourly.

Hi all!
We launched an experimental tool which makes technical analysis easier. We are trying to predict support and resistance levels for different timeframes.
Medium article with better formatting: https://medium.com/bitguautomatic-price-channel-prediction-fe05dd544086
Screenshot: https://i.imgur.com/hNMOWzs.png

Links

Despite the fact that we create prediction page for several hundreds of coins you must remember that this tool can be useful mostly for coins with large trade volume.
BTC channel prediction: https://bitgur.com/coin/BTC/prediction
Ethereum channel prediction:: https://bitgur.com/coin/ETH/prediction
Ripple channel prediction:: https://bitgur.com/coin/XRP/prediction
Bitcoin Cash channel prediction:: https://bitgur.com/coin/BCH/prediction
EOS channel prediction:: https://bitgur.com/coin/EOS/prediction

Description

This tool consists of three charts which help with technical analysis for the next 24 hours, 7 and 30 days. Each chart is based on data from three previous periods. A channel prediction for 24 hours is based on data from the last 72 hours. A channel prediction for 7 days is based on data from the last 21 days and a prediction for 30 days is also constructed. The weight of data decreases with time. Reports are updated hourly.

Each chart has the following elements:

1. Volume profile histogram in the left part of the chart.
Volume profile histogram is based on the data from the previous three periods and is designed to determinate price channel. You may read more on how to use this type of chart in technical analysis in this article on one of the popular trading sites: https://www.tradingview.com/wiki/Volume_Profile
2. Red lines
They are edges of a current price channel based on volume profile analysis.
3. Orange lines
They are main resistance and support levels for the chart, which were achieved in the course of past trades. They do not depend on the selected period.
If more than 10 levels are found for the current price range, then 10 most significant are selected and shown on the chart. The weight of the level is based on a scale from 0 to 100. Where 100 is the weight of the global minimum or maximum (depending on which trend was stronger). The weight of the remaining levels is always less than 100 and shows how significant the minimum or maximum was.
4. Cryptocurrency price chart
It’s weighted price from dozens of main exchanges.

Probable Use Cases

1. If you do not have a short-term trading strategy and want to open or close a position in the near future, the table of current levels can help you choose the best price.
2. You have a short-term trading strategy, but it does not take into consideration all historical minimums and maximums. In this case, it will be useful for you to see levels that can significantly influence the behavior of the market.
The choice of a timeframe (24 hours, 7 or 30 days) for analysis depends on your trading strategy.

Disclaimer

First of all, I need to tell you that this tool isn’t “Magic wand” and it’s unlikely that you can get your first Lambo immediately after exploring this tool.
Secondly, we don’t sell anything and don’t promote any coins or trade signals.
Thirdly, we still don’t have a Nobel Prize in Economics, and this tool is just our attempt to understand the market better, find trading patterns and satisfy our interest in developing high-performance analytical tools.
submitted by Bitgur_com to CryptoCurrency [link] [comments]

Bitcoin Price Analysis: The Hourly Chart Suggests a Bearish Continuation Pattern

As originally published via CoinLive website
BTC/USDT - Access Full Scale Chart via TradingView
![](https://www.coinlive.io/ckeditor_assets/pictures/928/content_1.png)
On the daily chart, a bullish pin bar off a key support area has been printed, with the buy-side volume almost identical to the latest sell-off day, indicating that there is a proportionally even balance of buy/sell forces in dispute to take control of $7.4k support. So far, the buyers have managed to defend the first attack, although by looking into the hourly chart below, the break down of price action coupled with volume analysis hints at the risk still clearly skewed to the downside.
![](https://www.coinlive.io/ckeditor_assets/pictures/930/content_2.png)
On the hourly chart, we saw yet another impulsive leg lower on Thursday, one that so far has been once again absorbed by committed buyers. However, there are still some worrying signs for the interest of longs, that is, the correction so far looks very corrective in nature as per the compressive structure of the bounce, coupled with overall decreasing volumes on the way up.
What this type of move suggests is that the selling pressure is unlikely to be over. If it takes only 4-5h for sellers to take the price down $500 while 3x as long for the price to return back up to the origin of the move, that's more often than not pre-emptive of a continuation pattern.
Looking at the current market cycle, the market appears to still be developing the first leg down cycle after the key breakout of $8k. In terms of support and resistance, as price action stands, any potential recovery will remain limited by $7.8-$7.9k resistance (static line + POC), while on the downside, the re-take of Thursday's POC may see another attempt towards new trend lows.
Footnotes:
submitted by Ivo333 to BitcoinMarkets [link] [comments]

TradingView Today | June 14, 2018

Hey everyone, right now at my job I’m reading various market predictions for bitcoin, and so thought you might like it if I share what I’m finding with you.
This is a new project I’m starting where I will summarize the top analysts on TradingView and give a high-level overview of what they’re saying and why. Noting any similarities and patterns between various scenarios.
Essentially a meta-analysis of what the top BTC analysts have to say. Note that by necessity I am paraphrasing and simplifying their analysis in order to make this a high level overview. If you want to see exactly what they said, go to their TradingView profile.
If this is something that people enjoy, then I will continue to produce them every day (during exciting times) or week (during more boring periods).
Anyways, without further ado… here are the most recent market analysis.

BULLISH

EXCAVO | 7h ago
Has hit an area with historically strong support and appears to be forming an inverse down head and shoulder pattern, which signals a reversal. Looks to go up to around $6.6k, then retrace, then up to $6.8k, retrace, and finally up to $7.1k where it will hit the resistance line governing this recent short-term downtrend.
https://www.tradingview.com/chart/BTCUSD/xi4On25K-Bitcoin/
A.shevelev002| 9h ago
Using a Wyckoff analysis, it looks like the price will increase to $7.1k, then test a support line at $6.6k, up then down for another test at at $6.9k before raising above $8k and onwards to $11k. This is based off of the assumption that we are at the end of the “accumulation” phase of the Wyckoff analysis. Basically a bear trap where the price will drop a bit, weak hands will get shaken, and then institutional money will get into the game and kick off a “markup”. The key is checking to make sure the shaking of weak hands has low volume, which so far it has.
https://www.tradingview.com/chart/BTCUSD/njAiYNie-Bitcoin-Accumulation-Process-or-Just-Crash/

BEARISH

D4rkEnergY | 5h ago
Some similarities to market action in 2014. Price will go to around $4.9k. There is a 78.6% retracement in that region, it’s just below $5k (where there will be a lot of buyers) and it’s also a region where the Low Volume Node (LVN) ends. As in, since historically there hasn’t been a lot of volume in the prices right above $4.9k, so if it’s going down it will blow through those prices. Note, that he is predicting it will go up to around $6.7-6.8k first, before crashing down to $4.9k.
https://www.tradingview.com/chart/BTCUSD/mVUZLkaJ-OH-NOO-My-2014-Comparison-is-Alive-Reversal-at-4-888-7-USD/

PATIENCE

PRO_Indicators | 5h ago
We haven’t went below $6.2 support yet which is good. Will reach $6.7-6.8k and test that price. This will be important because if it fails to break through you will want to have your stop losses set to avoid a drop to the next support area. A high close tonight will be key to seeing a further price increase to $7k and beyond.
https://www.youtube.com/watch?v=XYGuR-z5b6w&index=7&list=PLivO30irokRYV00nMaeJkoxvcnYHFkE9k

CONCLUSION

It seems that everyone is in consensus that the price of BTC will go up to at least $6.6k, then likely test support at $6.8k. If it fails to break through, having stop losses to prevent being caught by a crash to $5-5.5k.
Thanks for reading this first version of TradingView Today. If there is something you liked and want me to do more of, send me a message and let me know. If there is something you don’t like or think I did poorly - send me that too. I don’t want to waste my time sharing this and so if there is something I can do to make it better I want to know about it.
submitted by puban024 to CryptoMarkets [link] [comments]

Automatic price channel prediction by Bitgur. Updated hourly.

Hi all!
We launched experimental tool which makes technical analysis easier. We are trying to predict support and resistance levels for different timeframes.
Medium article with better formatting: https://medium.com/bitguautomatic-price-channel-prediction-fe05dd544086
Screenshot: https://i.imgur.com/hNMOWzs.png
BTC channel prediction: https://bitgur.com/coin/BTC/prediction

Description

This tool consists of three charts which help with technical analysis for the next 24 hours, 7 and 30 days. Each chart is based on data from three previous periods. A channel prediction for 24 hours is based on data from the last 72 hours. A channel prediction for 7 days is based on data from the last 21 days and a prediction for 30 days is also constructed. The weight of data decreases with time. Reports are updated hourly.

Each chart has the following elements:

1. Volume profile histogram in the left part of the chart.
Volume profile histogram is based on the data from the previous three periods and is designed to determinate price channel. You may read more on how to use this type of chart in technical analysis in this article on one of the popular trading sites: https://www.tradingview.com/wiki/Volume_Profile
2. Red lines
They are edges of a current price channel based on volume profile analysis.
3. Orange lines
They are main resistance and support levels for the chart, which were achieved in the course of past trades. They do not depend on the selected period.
If more than 10 levels are found for the current price range, then 10 most significant are selected and shown on the chart. The weight of the level is based on a scale from 0 to 100. Where 100 is the weight of the global minimum or maximum (depending on which trend was stronger). The weight of the remaining levels is always less than 100 and shows how significant the minimum or maximum was.
4. Cryptocurrency price chart
It’s weighted price from dozens of main exchanges.

Probable Use Cases

1. If you do not have a short-term trading strategy and want to open or close a position in the near future, the table of current levels can help you choose the best price.
2. You have a short-term trading strategy, but it does not take into consideration all historical minimums and maximums. In this case, it will be useful for you to see levels that can significantly influence the behaviour of the market.
The choice of a timeframe (24 hours, 7 or 30 days) for analysis depends on your trading strategy.

Links

Despite the fact that we create prediction page for several hundreds of coins you must remember that this tool can be useful mostly for coins with large trade volume.
Bitcoin: https://bitgur.com/coin/BTC/prediction
Ethereum: https://bitgur.com/coin/ETH/prediction
Ripple: https://bitgur.com/coin/XRP/prediction
Bitcoin Cash: https://bitgur.com/coin/BCH/prediction
EOS: https://bitgur.com/coin/EOS/prediction

Disclaimer

First of all, I need to tell you that this tool isn’t “Magic wand” and it’s unlikely that you can get your first Lambo immediately after exploring this tool.
Secondly, we don’t sell anything and don’t promote any coins or trade signals.
Thirdly, we still don’t have a Nobel Prize in Economics, and this tool is just our attempt to understand market better, find trading patterns and satisfy our interest in developing high-performance analytical tools.
submitted by Bitgur_com to CryptoMarkets [link] [comments]

Automatic price channel prediction by Bitgur. Updated hourly.

Hi!
We launched experimental tool which makes technical analysis easier. We are trying to predict support and resistance levels for different timeframes.
Medium article: https://medium.com/bitguautomatic-price-channel-prediction-fe05dd544086
Screenshot: https://i.imgur.com/hNMOWzs.png
BTC channel prediction: https://bitgur.com/coin/BTC/prediction

Description

This tool consists of three charts which help with technical analysis for the next 24 hours, 7 and 30 days. Each chart is based on data from three previous periods. A channel prediction for 24 hours is based on data from the last 72 hours. A channel prediction for 7 days is based on data from the last 21 days and a prediction for 30 days is also constructed. The weight of data decreases with time. Reports are updated hourly.

Each chart has the following elements:

1. Volume profile histogram in the left part of the chart.
Volume profile histogram is based on the data from the previous three periods and is designed to determinate price channel. You may read more on how to use this type of chart in technical analysis in this article on one of the popular trading sites: https://www.tradingview.com/wiki/Volume_Profile
2. Red lines
They are edges of a current price channel based on volume profile analysis.
3. Orange lines
They are main resistance and support levels for the chart, which were achieved in the course of past trades. They do not depend on the selected period.
If more than 10 levels are found for the current price range, then 10 most significant are selected and shown on the chart. The weight of the level is based on a scale from 0 to 100. Where 100 is the weight of the global minimum or maximum (depending on which trend was stronger). The weight of the remaining levels is always less than 100 and shows how significant the minimum or maximum was.
4. Cryptocurrency price chart
It’s weighted price from dozens of main exchanges.

Probable Use Cases

1. If you do not have a short-term trading strategy and want to open or close a position in the near future, the table of current levels can help you choose the best price.
2. You have a short-term trading strategy, but it does not take into consideration all historical minimums and maximums. In this case, it will be useful for you to see levels that can significantly influence the behaviour of the market.
The choice of a timeframe (24 hours, 7 or 30 days) for analysis depends on your trading strategy.

Links

Despite the fact that we create prediction page for several hundreds of coins you must remember that this tool can be useful mostly for coins with large trade volume.
Bitcoin: https://bitgur.com/coin/BTC/prediction
Ethereum: https://bitgur.com/coin/ETH/prediction
Ripple:https://bitgur.com/coin/XRP
Bitcoin Cash:https://bitgur.com/coin/BCH
EOS:https://bitgur.com/coin/EOS

Disclaimer

First of all, I need to tell you that this tool isn’t “Magic wand” and it’s unlikely that you can get your first Lambo immediately after exploring this tool.
Secondly, we don’t sell anything and don’t promote any coins or trade signals.
Thirdly, we still don’t have a Nobel Prize in Economics, and this tool is just our attempt to understand market better, find trading patterns and satisfy our interest in developing high-performance analytical tools.
submitted by Bitgur_com to u/Bitgur_com [link] [comments]

TradingView - How to use and Apply Volume Profile - YouTube Using Volume Profiles on Trading View like a Professional ... Trading with the Volume Profile (Expert) How to Trade Volume Profile. VPVR, VWAP , and VPSR ... Introduction to VPVR (Volume Profile Visible Range) - YouTube

Volume Profile is an advanced charting study that displays trading activity over a specified time period at specified price levels. The study (accounting for user defined parameters such as number of rows and time period) plots a histogram on the chart meant to reveal dominant and/or significant price levels based on volume. TradingView UK. Volume Profile — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! Neueste Sicht auf den Markt von beliebten Tradern bei TradingView. Treten Sie unserer Community bei und analysieren Sie Trading-Ideen, Tipps und Strategien, die Ihren Handel verbessern können. Bitcoin CME Gaps [NeoButane] ... as they are defined by TradingLatino TradingView user His definition is based on volume peaks on the official TradingView Volume Profile indicator that seem rather big on size. As a bonus it also serves as a rather simple volume profile indicator. As you can see it only show last blocks volume profile. It's... 625. 17. Historic VPoCs and pseudo VPVR. ruckard ... Bitcoin CME Gaps [NeoButane] ... as they are defined by TradingLatino TradingView user His definition is based on volume peaks on the official TradingView Volume Profile indicator that seem rather big on size. As a bonus it also serves as a rather simple volume profile indicator. As you can see it only show last blocks volume profile. It's... 625. 17. Historic VPoCs and pseudo VPVR. ruckard ...

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TradingView - How to use and Apply Volume Profile - YouTube

#volumeprofile #trading #bitcoin Volume Profile Course only $39 https://traderoffutures.com/replay In this quick tutorial I will bring you through all the ma... This video shows how to use three different ways to trade with the Volume Profile. Tradingview PRO is needed for the volume profile however you can also find volume profiles on bitscreener.com and ... Want to trade like the professionals? Join our Free webinar to get our FREE Order Flow trading strategy. See within the candles as institutional traders do! ... This video showcases the second level to using the Volume Profile. In this video - the Volume Profile is used to identify price breakout areas before they occur: so that a trader can be trading ... This video showcases a beginner's guide to using the Volume Profile. The Volume Profile is a fantastic tool to analyze price spots of high and low volume whe...

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