BTC USD (Bitcoin / US Dollar) This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. BTC dominance has been breaking all resistance even when BTC broke ATH altcoins are still struggling. traditional investors joined the Crypto Market and since then they are controlling the Bitcoin price which resulted in huge depreciation to ALTs Price and Market Cap. some good project did have some nice runs but 80% ALTs are still underwater. MartyBoots here. I have been trading for years and I am here to share my ideas with you to help the Crypto space. DO NOT BE LEFT BEHIND Bitcoin Bull Market Is here right now Crypto Is Very Bullish right now should move a lot higher This market has potential parabolic structure If you want help trading Bitcoin or any other ALT coins hit me up, We will.
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BoC Gov Macklem Speech. P: R: 0. Company Authors Contact. Long Short. Oil - US Crude. Wall Street. More View more. Free Trading Guide. Get My Guide. Show technical chart Show simple chart Bitcoin chart by TradingView. The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on.
Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis. S2 S3 R1 R2 R3 Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network.
Launched in early by its pseudonymous creator Satoshi Nakamoto , Bitcoin is the largest cryptocurrency measured by market capitalization and amount of data stored on its blockchain. The Bitcoin software is free and available online to anyone who wants to run a Bitcoin node and store their own copy of the Bitcoin blockchain. As Bitcoin matures, engineers have designed additional protocols to improve the speed and privacy of Bitcoin transactions, including the Omni Layer , Lightning Network and Liquid Network.
Only approximately 21 million bitcoins will ever be created. New coins are minted every 10 minutes by bitcoin miners who help to maintain the network by adding new transaction data to the blockchain. The Bitcoin price page is part of The CoinDesk 20 that features price history, price ticker, market cap and live charts for the top cryptocurrencies.
I started a series on inflation and how to protect from it. In this first article I tried to understand the current monetary situation where the long-term interest rate, the most essential price of any economy, is under complete control by central banks for the benefit of economic recovery and.
The fund this morning announces the liquidation of that entire amount, the move coming. A lot of people said a lot of things, both good and bad, about bitcoin in , as the year-old cryptocurrency defied doubters with a tripling in price. You can connect low prices within the bottom to form a rounded shape representing the bottom of the saucer:. The formation first begins to form with selling pressure, causing prices to drop. This pressure eventually loses steam and transitions to an uptrend. Buying pressure subsides, causing prices to drop to a new low, and this trend repeats several more times until the lowest low is hit.
Then, buying pressure takes over, eventually leading to a breakout and completing the rounding bottom formation. To calculate short-term price targets for rounding bottom formations, you add the height of the cup to the resistance line. There are two types of wedge patterns, including rising wedge patterns and falling wedge patterns. These patterns can be continuation or reversal patterns depending on what markets were doing before the pattern formed.
In an uptrend, a rising wedge pattern indicates a bearish reversal. Markets are turning and prices are starting to drop. In a downtrend, a rising wedge pattern is seen as a continuation as prices continue to drop. The falling wedge, meanwhile, is considered a bullish pattern.
The falling wedge indicates a bullish reversal when formed in a prevailing downtrend, for example. When formed in a prevailing uptrend, the falling wedge indicates a continuation as prices continue to rise.
Rectangle patterns form when prices are bouncing between roughly equal highs and lows for a certain period of time. When drawing lines around the highs and lows of this period, you can see rectangles start to form. The rectangle, also known as the trading range or consolidation zone, is a continuation pattern where the price ranges between parallel support and resistance lines.
During this impasse, the price will test support and resistance levels several times before breaking out. When the price breaks out, it will either reverse the previous trend or continue it moving either upward or downward. To calculate price targets during a rectangle formation, you add the height to the point of the breakout or breakdown.
Bilateral patterns consist of three different triangle formations, including symmetrical triangles , ascending triangles , and descending triangles. Ascending triangles are typically bullish continuation patterns in a prevailing uptrend. However, ascending triangles can also form as a reversal pattern in a downtrend. An ascending triangle pattern consists of two or more roughly equal heights and increasing lows.
The resistance line is horizontal, although the extended support line slopes upward and convers with the resistance line, which is how the triangle is formed. For an ascending triangle to form, each swing or low must be higher than the previous low. The formation is typically considered to be complete when the price breaks out past the upper resistance line.
The stop loss should be placed at the most recent swing low. The descending triangle is the opposite of the ascending triangle. However, it can also form a reversal pattern during an uptrend. The descending triangle is formed as equal lows create a horizontal support line while decreasing highs create a downward sloping resistance line, creating the same type of right-angle triangle seen in the ascending triangle above.
To calculate the price target in a descending triangle formation, you subtract the height of the base of the triangle to the point where support breaks down. A symmetrical triangle , as you might have guessed, forms somewhere in between an ascending and descending triangle pattern.
This point forms the tip of the triangle. The support and resistance lines, meanwhile, form the two sides of the triangle, eventually meeting at the point. Since the breakout direction is difficult to determine, some traders will play both sides in a symmetrical triangle pattern, placing a long and short order, then closing one when the other hits.
To calculate the price target in a symmetrical triangle, add or subtract the base of the triangle to the breakout point. Certain patterns present a more powerful profit-earning opportunity than others. Historically, the following five patterns have given traders the best opportunities:. Picture the broader chart patterns we discussed above as like the climate as it changes from spring to summer to fall and winter. We see the broader changes in the temperature, daylight, and weather throughout the year.
Technical signals, meanwhile, are the short-term information you read to predict which season is coming next. You might notice the temperature drop from 40 to 30 in a week, for example.
This signals that winter is coming. You need context to understand what that technical indicator means. You can derive context by looking at information like a prevailing trend, chart pattern, and more. Overlays: Overlays are indicators that use the same scale as the price and are plotted on top of the price chart. Oscillators: Oscillators are displayed independently on a different scale below the price chart and will oscillate between a minimum and maximum value. Certain technical indicators are considered leading indicators.
A leading indicator has strong predictive qualities and can indicate the direction of the market before the price follows through. Other technical indicators, meanwhile, are considered lagging indicators. Lagging indicators follow market trends. They indicate a shift in market trends, but they tend to lag behind that shift. Typically, a lagging indicator is used to confirm a trend after a trend has already begun to emerge.
However, lagging indicators have less valuable in a volatile market with no clear trend. The two best-known lagging indicators are Bollinger bands and moving averages. Moving averages are trend overlays that can indicate short, medium, and long-term trends.
To calculate the moving average, we take the average price over a certain period of time. It can make trends easier to spot. There are two common ways to calculate moving averages, including simple moving averages and exponential moving averages. Both are considered lagging technical indicators.
A simple moving average SMA is just the sum of all closing prices over a particular time period divided by the number of periods. A 5-day SMA, for example, can be calculated by adding the closing prices for each day and dividing the sum by five.
Longer scales smooth our price movements and tend to be less responsive than shorter time scales. Check out the chart below to see how this works in practice. The day moving average lags behind the price movements, while the day moving average tightly hugs the price movements:. Exponential moving average EMA , meanwhile, places greater weight on the most recent data points.
Exponential moving averages use a weighting multiplier to give the most recent data points greater weight. Charting tools apply these formulas automatically. However, it helps to know where these formulas are coming from. Simple moving averages and exponential moving averages are two ways to outline the same trend.
One is not necessarily better than the other. They each have their own advantages. An exponential moving average , for example, responds faster to recent price movements and hugs the price curve more closely. A simple moving average , meanwhile, is ideal for identifying long-term support and resistance levels. The slope of the simple moving average is also used to gauge momentum towards a specific trend.
Typically, the day simple moving average SMA chart and the day SMA chart are the two most popular scales for identifying medium to long-term trends. These two charts are also useful for identifying support and resistance levels, bullish and bearish crossovers, and divergences. When the simple and exponential moving averages come together, it creates a crossover. This is considered a pivotal event that could signal a trend change. There are bullish crossovers, for example, which are also known as golden crosses.
A bullish crossover occurs when the shorter scale moving average crosses above the longer scale moving average. There are also bearish crossovers, also known as death crosses. A bearish crossover occurs when the shorter scale moving average crosses below the longer scale moving average. If the current price crosses below the long-term moving average, it indicates a bearish breakout. Moving average convergence-divergence, or MACD, is a trend-following oscillator popular for gauging momentum.
MACD takes two exponential moving averages like the day and day EMA , then plots them against the zero lines to measure the momentum of a trend. It indicates that the market is bullish. The higher the value, the stronger the upward momentum. A negative MACD , meanwhile, indicates that the market is bearish, with lower values indicating strong downward momentum.
Pivotal events include convergence, crossover, and divergence from the zero line and the signal line. Relative strength index, or RSI, is a way to indicate momentum. Momentum can identify the strength of market trends, giving you a good idea of when to buy or sell based on whether markets are overbought or oversold. RSI oscillates between 0 and , with the typical timeframe being 14 days. When RSI is below 30, it indicates the market is oversold. When the RSI is above 70, it indicates the market is overbought.
However, some traders use 20 and 80 as the boundaries instead, which can be more telling for highly volatile markets including crypto. Because RSI is a leading indicator, the slope of the RSI can indicate a trend change before that trend is observed in the general market.
For that reason, RSI is one of the most common ways of analyzing market conditions. These values are absolute, which means that losses are calculated as positive values. You can see a bullish divergence when the price hits a lower low and RSI hits a higher low. A bearish divergence, meanwhile, occurs when the price hits a higher high and RSI hits a lower high. We can also use RSI to observe RSI failure swings, which are seen as indications of potential trend reversals in a bearish or bullish direction.
A bullish failure swing occurs when RSI falls below 30, bounces past 30, falls back, but does not fall below 30 and makes a new high.
A bearish failure swing, meanwhile, occurs when the RSI breaks above 70, falls back, bounces without breaking 70, and falls back to a new low. SAR will stick close to price movements over time, falling below the price curve during uptrends and above the price curve during downtrends. Because of this nature, traders use the parabolic SAR indicator to set trailing stops and protect against losses.
There are separate formulas for calculating rising and falling SAR. The formula takes data from one period behind. In these formulas, EP is the extreme point either the highest high or the lowest low of the current trend and AF is the acceleration factor. The acceleration factor is initially set to a value of 0. When you set AF too high, it can create too many whipsaws, creating false reversal signals. Average directional index ADX has risen in popularity in recent years to become a preferred indicator for estimating the strength of a trend.
As a lagging oscillator, ADX offers little insight into the future trend direction, although it does indicate the magnitude of market forces behind a trend. ADX oscillates between 0 and , with ADX typically below 20 in a ranging market and above 25 in a trending market.
An ADX above 40 indicates a strong trend. We calculate DMI by collating the highs and lows of consecutive periods. These formulas may seem complex. There are plenty of tools that implement these formulas for you. If you want to be an informed technical trader, however, then it helps to understand where these formulas come from. ATR offers no indication of trend direction. This is a strong bullish signal.
Fibonacci retracement , as you may expect, is connected to the famous Fibonacci sequence or Fibonacci number. The sequence starts with the numbers 0 and 1, with each successive number in the sequence behind the sum of the two preceding numbers. It seeks to quantify how much of a pullback we can expect after a surge or drop in prices. In the Fibonacci sequence, the ratio of any number to its successor is 0. This is the golden ratio , a number that plays a significant role in biology and mathematics.
Fibonacci retracement uses this same ratio to identify support and resistance levels. Retracement levels are drawn on a price chart after marking the high and low point of a trend. Why are these numbers important? Well, a A bounce from this level is less common if the correction has momentum. The Some analysts also use a derivative of Fibonacci retracement called the Fibonacci extension to identify how far a rally might go.
Under the Fibonacci extension, zones can be found at Elliott studied American markets for a decade during his retirement, then theorized that prices inevitably — and constantly — move in a fractal wave pattern. This fractal wave pattern is linked to natural laws, and you can outline the fractal wave using the Fibonacci sequence. Elliott theorized that market prices moved in two types of waves, including impulse waves and corrective waves. Impulse Waves: Impulse waves, also known as motive waves, move in the direction of the prevailing trend and consist of five smaller waves, including three trend-advancing or actionary sub-waves split by two corrective sub-waves.
Corrective Waves: Corrective waves that can be part of a larger impulse wave move against the direction of the prevailing trend and consist of three smaller waves, including two corrective sub-waves split by one actionary sub-wave.
This structure makes up each Elliott wave cycle. We saw this pattern in real bitcoin markets during This chart also shows prices holding at the Fibonacci retracement levels and Elliott wave patterns are just two types of technical indicators that form a partial picture of crypto markets. If all of the signals are pointing towards a similar result, then you have a more informed view of the market. Bollinger bands trace their origin to American financial analyst John Bollinger, who developed the theory in the s.
Bollinger band analysis uses a moving average-based overlay to measure price volatility. The theory involves three bands, including a middle band to represent the simple moving average and an upper and lower band to represent standard deviations.
For the middle band, analysts typically use the day simple moving average SMA. The upper band, meanwhile, is the same SMA with two standards of deviation added, while the lower band subtracts two standards of deviation.
Analysts can adjust the number of periods based on their trading preferences. However, analysts will use the same number of periods to calculate SMA that they use to calculate standard deviation.
When the price suddenly moves outside of the upper or lower band, it indicates a breakout could be upcoming. During a strong uptrend in markets, prices tend to hug or move out of the upper band, for example, while during a strong downtrend, price activity is focused around the lower band.
During market swings, the middle bands acts as a resistance for downtrend movements and a support level for uptrend movements. There are multiple variations of these patterns. M Tops: M top or double top patterns occur in an uptrend and are indicative of a bearish reversal.
In this formation, the price hits a point high above the upper band, then retreats below the middle band. The band moves up again but stops short of the upper band. When the second surge fails to reach the upper band, it signals a weakening trend and likely reversal. W Bottoms: The W bottom or double bottom formation is what happens when the M top formation gets flipped upside down. It signals a bullish reversal.
It starts with the price plummeting below the lower band, then rallying past the middle band before dropping again. During the second drop, the price does not touch the lower band, then rallies past the earlier swing high to break out into a bullish reversal, ultimately forming a W. On balance volume OBV is a volume-based oscillator and leading indicator.
The signal quantifies volume, using cumulative trading volume to measure the strength of trends in upward or downward directions. The idea behind on balance volume is that significant changes in volume often precede price movements, and that volume tends to be higher on days when the price moves in the direction of the prevailing trend. OBV adds volume during periods when the close is higher than the previous close, then subtracts volume during periods when the close is lower.
OBV technical analysis focuses less about the actual value of the volume. Instead, it looks at the rate of change or the rise and fall. This rise and fall, according to OBV theory, is what indicates the strength of buy and sell pressure.
As OBV rises, it pushes buy pressure higher, leading to higher prices. When OBV is falling, it indicates a price decline is imminent. Analysts use the OBV oscillator to identify support and resistance levels, then look for breakouts that precede price breakouts. We see this effect in action in the next graph.
We see the price make a higher swing high while OBV makes a lower swing high, indicating a weakening uptrend. In a similar fashion, when the price hits a lower low and OBV makes a higher low, the downtrend is losing steam, and a bullish breakout could be upcoming.
This is where analyzing your other trading signals can come in handy. You might notice OBV diverging from the prevailing trend, for example, then use your other signals to better inform your next decision. Stochastic oscillator is a leading oscillator that measures momentum, then uses that momentum to predict where markets will move next. The method was developed in the s based on two key concepts:. With that in mind, stochastic oscillator analysis measures the relationship between closing prices over a given period as well as the trading range high price and low price of that period.
Based on this relationship, the stochastic oscillator measures potential trend reversal, including overbought and oversold conditions. The indicator oscillators between 0 and These numbers indicate the bottom and top of the trading range over a specific time scale.
That time scale is typically set to 14 periods. Values higher than 80 indicate an overbought market, while values lower than 20 indicate an oversold market. However, these numbers do not always indicate a reversal. During strong trends, the price can hover at these extreme ends of the range for a lengthy period of time. Stochastic oscillator analysis can, however, indicate a reversal or surge in momentum in certain instances. Stochastic oscillator theory is also based on the idea that closing prices tend to hover in the upper half of the trading range during an uptrend while hovering near the lower half during a downtrend.
Analysts will look for crossovers at the midpoint to indicate a shifting trend. Bullish divergences occur when the price hits a lower low while the oscillator hits a higher low. Bearish divergences, meanwhile, occur when the price hits a higher high while the oscillator swings to a lower high. These reversals can also be confirmed when the price breaks past the most recent swing high in a bullish divergence or the most recent swing low in a bearish divergence. Both of these things can confirm the reversal.