🔹Extremely useful in understanding how over heated the leveraged market is at any one time
🔹Below 0.01% / green are bullish
🔹Above 0.01% / red are bearish
🔹At 0.01% is neutral
-- Trading Resources - Live large trade ticker 3 of 14--
🔹Live cryptocurrency trades visualizer
🔹large orders and liquidations in realtime across multiple exchanges
🔹I have it pined to the left of my screen and set it to notify me large orders
-- Trading Resources - Exchange in & out flows 4 of 14--
🔹Charts of Money flow of BTC & altcoins transferred to and from exchange wallets
🔹Higher outflow is bullish
🔹Higher inflow ‘can’ be bearish, can also be for alt purchase
-- Trading Resources - Aggregated Indicators 5 of 14--
🔹Coinalyze is a great free platform that offers a huge volume of features
🔹Key one I find extremely useful are the aggregated indicators for Open Interest and Cumulative Delta Volume
-- Trading Resources - Orderbook heat maps 6 of 14--
🔹Visualize open orders placed across all the major spot and futures exchanges
🔹Help to identify levels of support and resistance
🔹See spoofing in realtime
-- Trading Resources - Order flow Analysis 7 of 14--
🔹Free Order Flow and Footprint charts
🔹Use Delta charts to identify who is in control, bulls or bears
🔹Identify what direction institutional and retail traders are pushing price
-- Trading Resources - Crypto Screening and Alerts 8 of 14--
🔹Screen the best alts to trade in realtime based on a number of screening methods
🔹Identify the trending coins and any which are approaching support or resistance
-- Trading Resources - Price Action Charts and indicators 9 of 14--
🔹Execute across multiple exchange from 1 terminal
🔹Smart buy & sell orders with TPs & SL orders
🔹Scalping, long and short with quick reversal
🔹Exit EVERYTHING with a single click
-- Trading Resources - Algo/Bot trading 11 of 14--
🔹Multiple Bots, DCA, Grid and Options bots
🔹Custom alert triggers hocked into your personal trading view strategy
🔹Simple to setup and switch on and off quickly
🔹The ability to see your full portfolio, mapping your balance & assets
🔹Access to all your trade history across all exchanges in a single diary, saving time extracting taxes
-- Trading Resources - VPN 13 of 14--
Source: nordvpn.com
🔹Remain safe & secure by using a VPN
🔹Avoid trading restrictions
🔹Nord is simple and there is a great deal on subscriptions
-- Trading Resources - Trading groups 14 of 14--
Source: twitter.com/TheCryptoHounds
🔹Become a member of a number of trading groups
🔹Share trade ideas, educational content and generally feel part of a community of like minded individuals
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🔹From high to low of each impulse, the 23.6 and 38.2 levels have been key support
🔹As in the previous cycle #Bitcoin has based itself around the 23.6 after cycle high
🔹When it breaks it ultimately bases off the 38.2 ~ 20k
-- $BTC Macro Bear Option /3--
Moving Averages:
🔹Similar to the fib levels, there are 2 key Monthly EMAs, the 21 and 55
🔹#Bitcoin based itself off the 21 initially
🔹When it breaks it ultimately heads to the 55 ~ 22k
1⃣ Develop a trading plan
2⃣ Manage risk
3⃣ Start with a demo trading account
4⃣ Be proactive, adapt to the market
5⃣ Control your emotions / Never FOMO
6⃣ Keep a trading journal
7⃣ Trading / Life balance
+Personal habits
-- 1⃣ Develop a trading plan --
🔥Failing to plan is planning to fail🔥
A trading plan is a back tested guide with criteria to enter & exit a trade
🔸Entry and exit levels
🔸Position size
🔸Stop-loss level
🔸Take profit level
🔸Indicators to use to confirm your entry and exit
This thread will cover a few indicators and metrics i will be looking at to help me identify when i should start to sell my #Bitcoin with the potential of a bear market to come.
TLDR: When i am going to sell my #Crypto
🔹Q2/3 2022 @ ~$200k
🔹 Logarithmic or log price scale, represents price spacing on the vertical or y-axis dependent on the PERCENTAGE CHANGE in the underlying asset's price
🔹 Think of it as the log scale shows the rate of change over time
1. What are Fibonacci numbers? (4 parts) 2. How are they used in Trading? (4 parts) 4. Using Fib Extensions (2 parts) 5. Using Fib Retracements (2 parts) 5. Using Time Cycles (2 parts)
🔹 Fibonacci numbers are a numerical series depicting nature’s expansion
🔹 The same number sequence appears all over throughout nature. i.e.
🔸 The number of petals on a flower
🔸 A snail shell
🔹This could take a bit to explain what i am seeing
🔹I am using:
🔸Yearly closes (Red Dots)
🔸Ranges taken from the closes, broken into Phases
🔸A Parabola linking the yearly closes
🔸Elliot Wave for wave structure
🔹The Phases double in Height each year. i.e.
🔸Phase 1 = 1 range height from open to close
🔸Phase 2 = double phase 1 in height*
🔸Phase 3 = double phase 2 in height*
*Gets more parabolic as time goes on
🔹The EW count puts us in the 4th wave of the 3rd
🔹The 4th is looking like a big running flat correction
🔹The 5th if taken as a 1:1 of wave 1, would take us to ~$200K
🔹The W4 correction will be a killer and make every think its over. BUT its NOT!