ATOM - Trading The Range 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📦 ATOM has been hovering within a big range between $5-$6.5 support zone and $15-$16.5 resistance zone.
📉 Currently, ATOM is in a correction phase and approaching the lower bound of the range.
📚 As per my trading style:
As #ATOM approaches the lower bound of the range, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ATOUST trade ideas
How to use Williams Alligator Indicator in crypto trading?You have probably heard about Alligator, indicator which is used by top crypto traders. This powerful tool can increase performance of every cryptocurrency trading strategy and help you to make money on the market. Alligator gives us the precise answer if now price is in impulsive or reactive wave. This knowledge is very useful in building your own crypto trading strategies or even in automated trading bot strategies. Even if you use grid bot strategy Alligator can increase your return on investment because it’s vital to set up grid bot in reactive wave and sideways movements. What is the beast Alligator, let’s have a deep dive into this topic today!
What is Alligator?
Alligator is the best indicator for trend detection. It consist of three moving averages which are called jaw, teeth and lips. Moving averages are frequently used in algorithmic trading bots. They can be exponential, smoothed or weighted depending on particular crypto trading algorithm, but we will use smoothed moving averages (SMA).
Jaw (blue line) - 13 period SMA shifted 8 bars is the future. This is the balance lie of the current time frame, for example 1D
Teeth (red line) - 8 period SMA shifted 5 bars in the future. This is balance line of lower degree time frame, for example 4h
Lips (green line) - 5 period SMA shifted 3 bars in the future. This is balance line of two times lower degree time frame, for example 1h
Please, be careful when you use Alligator on different cryptocurrency trading platforms. Check the correct settings and moving average type. On TradingView it’s correct, don’t worry!
Trend detection with Alligator.
The main Alligator’s feature is the detection the trending markets and markets which are about to explode in any side. This powerful tool can enhance your crypto trading algorithm if you use it in the correct way. On the ATOM price chart you can see the example of an Alligator. As you can see it has two conditions: sleeping and hungry.
Sleeping Alligator is when all lines are crossing each other and the price. This period of time can takes up to 80% of time. This is the market cycle stage where you shall avoid any trading and be prepared for the trending market
Hungry Alligator is when after a long period of consolidation price chose the trend direction. It’s an impulsive move. Alligator’s mouth is widely opened and do not crosses the price.
It’s very important to distinguish the trending market because only this type of a market gives you opportunity for the fast and huge profit. Otherwise, in the range bounded market you don’t have enough space for price to make profit for you. Most of stop losses occur while Alligator is sleeping. Another one very useful hint for you. If you use Elliott waves analysis. You don’t need to understand in which wave market is now. You just jump into the impulses and avoid corrections.
How to trade with Alligator
Here is the most interesting part. How to start crypto trading using Alligator? Our basic strategy is to wait when the price will create the first fractal above the Alligator’s mouth and place conditional order to buy one tick above the fractal’s top. We will discuss fractals in details next time. Now you have to understand how to use Alligator.
Another one hint from our experience is to use fractals only when Alligator has been sleeping for a long time, like you see on the BTC chart. After long sleep and fractal breakout Bitcoin showed the greatest bull run in the history.
Let’s notice where we should close trade. Almost at the top! When price started showing weakness we don’t need to be in the market anymore. Using this strategy on 1W time frame you can hold assets during entire bull run and sell then before bear market. Fantastic! Isn’t it?
Conclusion
In this article we discussed how you can implement Alligator indicator in your trading routine. This indicator will help you to avoid boring market when you can only lose money and catch every big move. Moreover you can use even sideways market detection if you use cryptocurrency trading bot which earns money in range bounded market. For sure this in not the only one strategy using Alligator. Next time we enhance our approach with other tools and see in details how Alligator improve their profitability. Moreover, soon we will live stream where practice trading with Alligator. See you next time!
Best regards,
Skyrex Team
Cosmos(ATOM): Important Re-Test of Local ResistanceCosmos has fully broken away from EMAs and the local support zone (which has turned into a resistance zone).
While we see the re-test happening, we are looking for a potential further breakdown from the current zone, but we are cautious as we see how oversold the RSI is and also the fact that EMAs have not been re-tested at all.
So, we keep an eye on the current zone for further potential confimation.
Swallow Team
Switching trend -- ATOMAlthough the market experienced a long period of rise, many tokens experienced significant callback after BTC failed to break through ATH.
So again we explain how the TSB indicator is used to help even with switching trends. TSB indicator is a trend indicator based on AI algorithm. When the TSB indicator gives a BUY signal, it means that the token has entered a bullish trend. The bullish trend will continue until the TSB indicator reaches the SELL signal level. In this process, when the main columns of the indicator area touches the wavy area, the bulls will be stimulated and receive support. Likewise, when the TSB indicator prompts a SELL signal, the token enters a bearish trend until it prompts a BUY signal.
Combined with the trend of ATOM, the TSB indicator prompts two bullish trends, and the wavy area plays a supporting role until the SELL signal appears. On April 10, after the TSB indicator gave a SELL signal, ATOM entered a bearish trend.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Cosmos(ATOM): Zone is Weak, Drop Might be Hard!We are back with Cosmos Coin, and our gameplan still remains the same. We are looking for further movement to lower zones towards our target areas of orange lines.
We see the demand for selling pressure on Cosmos, so be careful, as we might see some sharp moves here!
Swallow Team
ATOMic Impulse Soon 💣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ATOM has been overall bullish, trading within the flat rising wedge pattern in black.
Currently, ATOM is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong support and round number $10 in gray.
🏹 Thus, the highlighted Atom logo with the blue arrow is a strong area to look for buy setups as it is the intersection of the gray support and lower black trendline.
📚 As per my trading style:
As #ATOM approaches the blue arrow zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Atom 24 % Pump Or 16 % Dump... ?!The ATOM bullish trendline is about to break.
Short trade possibility:
Entry point: After breaking the bullish trendline and the $10.72 range
Profit targets:
$10.25
$9.68
$8.98
Long trade possibility:
Entry point: Above the $11.40 range
Profit targets:
$12.58
$14.14
Important notes:
This analysis is for informational purposes only and should not be considered as investment advice.
Do your own research and use a proper risk management strategy before any trade.
The cryptocurrency market can be highly volatile, so trade with caution and awareness of the risks.
📈ATOM: Potential Long Opportunity on 4-Hour Timeframe💎🔍Today, let's focus on Cosmos (ATOM) on the 4-hour timeframe, where it has reached support at $10.714. Concurrently, it's consolidating around this support level while the RSI indicator shows positive divergence, indicating potential bullish momentum. Moreover, the decreasing volume in red candles suggests bullish volume divergence.
📈For long positions, the activation of RSI divergence with a breakout above $42.49 confirms the signal. The next resistance lies at the RSI midline, or $11.125, where a candle close above this level could signal entry for long positions.
✅Setting our initial target with a risk/reward ratio of 2, we aim for a price target of $12.745. If the price reaches this level, profit-taking could be considered.
📉Considering short positions, it's essential to note that strong trends often accompany significant divergence. However, without substantial selling volume, it's challenging to confirm stronger selling pressure. Confirmation would entail multiple red candles with high volume.
🛑For short position targets, the initial risk/reward ratio of 2 could be applied, followed by considering support at $9.734.
📝Overall, Cosmos presents a potential long opportunity, supported by technical indicators and price action around key support levels. Short positions should be approached cautiously, awaiting confirmation of increased selling pressure.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
#ATOMUSDT SHORT ⬇️SHORT #ATOMUSDT from $10.642
2h TF. The coin formed a bearish triangle formation with the highs being squeezed along the trend line to the support level, showing the strength of sellers. Since the level has been tested several times, I expect to see unrealized liquidity behind it, which will allow the downward trend to continue for a short time.
I am waiting for the formation of consolidation near the level and an impulse movement on the activity.