(info via Mark Polumba)
Charting (Planning the Trade)
[Setting up chart]
Dark Mode
Wicks stand out (Wicks indicate a rejection: buyers were there to push it back up or sellers were there to push it back down)
4 hour chart
Magnet locks trendline to wick
Trend Line - Right end extended for future spots
AGAINST US dollar - COIN base, against Bitcoin - Finance
Log scale equals out return from a macro scale and looking at asset over long period of time especially when an asset has done 100% growth multiple iterations
Time and percentage data is important when looking at risk-reward: long position shift
[Building your watch list]
Trade list: add BTC(USD)
BTC1! - indicates gaps (90% of gaps get filled)
BTCUSDLONG/SHORT - how many OUTSTANDING shorts on currency of bitcoin, heads up on squeeze or overextended long positions that would be forced sells on market and add market pressures
BTC.D - market cap of bitcoin (of all of the total crypto markets, what percentage of all that asset class is held in bitcoin
Total crypto market cap - overall market cap of all assets held in crypto
Total 2 - shows value of all other crypto taking bitcoin out of account
Between 4/5/6 Can see overall health of market and how well altcoin is growing in comparison
Often things move in 4 cycles between Coffins? And bitcoin and coffins and alt coin (alt coin presents incredible opportunity to get a double gain if both alt coin value are going up to the value of bitcoin
[Adding alt coins]
Stick to top ten because they have the most liquidity. Can’t get out of price without liquidity
ETHUSD - coin based
ETHBTC - binance
Chart of ETH/BTC might look diff then ETH/USD which creates lots more opportunity for creating value
LINKUSD - coinbased
LINKBTC - binance
ATOMUSD - coin based
ATOMBTC - coin based
[Adding indicators]
RSI
MACD, top
TTM Squeeze
Volume - alert on volume moving up 50% in 2 bars
Alerts are your best friend
Charting (Planning the Trade)
[Setting up chart]
Dark Mode
Wicks stand out (Wicks indicate a rejection: buyers were there to push it back up or sellers were there to push it back down)
4 hour chart
Magnet locks trendline to wick
Trend Line - Right end extended for future spots
AGAINST US dollar - COIN base, against Bitcoin - Finance
Log scale equals out return from a macro scale and looking at asset over long period of time especially when an asset has done 100% growth multiple iterations
Time and percentage data is important when looking at risk-reward: long position shift
[Building your watch list]
Trade list: add BTC(USD)
BTC1! - indicates gaps (90% of gaps get filled)
BTCUSDLONG/SHORT - how many OUTSTANDING shorts on currency of bitcoin, heads up on squeeze or overextended long positions that would be forced sells on market and add market pressures
BTC.D - market cap of bitcoin (of all of the total crypto markets, what percentage of all that asset class is held in bitcoin
Total crypto market cap - overall market cap of all assets held in crypto
Total 2 - shows value of all other crypto taking bitcoin out of account
Between 4/5/6 Can see overall health of market and how well altcoin is growing in comparison
Often things move in 4 cycles between Coffins? And bitcoin and coffins and alt coin (alt coin presents incredible opportunity to get a double gain if both alt coin value are going up to the value of bitcoin
[Adding alt coins]
Stick to top ten because they have the most liquidity. Can’t get out of price without liquidity
ETHUSD - coin based
ETHBTC - binance
Chart of ETH/BTC might look diff then ETH/USD which creates lots more opportunity for creating value
LINKUSD - coinbased
LINKBTC - binance
ATOMUSD - coin based
ATOMBTC - coin based
[Adding indicators]
RSI
MACD, top
TTM Squeeze
Volume - alert on volume moving up 50% in 2 bars
Alerts are your best friend
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.