Topic: Globb0 BTC charts - page 11. (Read 6636 times)

Daily did another little retest. I still see up potential.

We are still in the range

Have to admit I never saw the original toasters until after the first season of the reimagined one. It was definitely a bit campy but for its time not at all bad. If you remember in the 1990s there was 'Space: Above and Beyond" which sadly never made it past season 1 (sad like firefly)... But man, so many scenes I remember so well.

And hot women? That opening scene set the tone for hotness. Not since Claudia Black did I see a scifi woman I had the hots for (Katee Sackhoff).

If btc markets were BG now, we're in the middle of Cylon occupation and watching the web series while waiting for salvation.

@ecstasie: think the bulls will bite on Friday or allow teethy bears to chomp down for the weekend?

After this dip to the 0.618, the hourly cup-and-handle pattern is officially dead:



Bears are showing their teeth. Triggered a 4-hour BB breakdown. This Adam & Eve double top is a real possibility. A break below $8,100 will confirm.

Interesting price action. Still holding within the range well above the support.

Just touched on my green line, this is fine.



I heard it dipped a tiny bit under 9000




Hourly is where the action is showing....

Breached the first support level at this zoom

A dump below the May 15th pivot ($9,120 Coinbase) or a pump above the weekly pivot ($10,079 Coinbase) will get my attention. Those are early warnings that a breakout may be occurring. Anything inside that range is liable to troll.

The real breakout levels (defining the weekly and monthly trends) are still $10.5K and $8K.

Daily chart, seems to have retested, 10K feels inevitable.




Hourly is boring, some dump but it doesn't look more  threatening than more sideways for a bit.

Best bit when the cylon soldiers boarded the battlestar and started running forward towards the deck. That was intense. If you can guess I also loved it.

All so good and I also loved the original series as a kid.

Oh yeah and some pretty hot women eh?   


I have chores to do for the family but Ill get to the charts later. I see we had an up, not sure yet if it was reflex to the handle forming. I thin the 9k invalidator (mentioned above) held.

I did NOT expect to see 9500 today.

@Tytanowy: Couldn't agree more with programming, even if I never really updated my own skillz since the early 1990s with BASIC. But I think kids should really learn it, not just for things like this but for any kind of simple automation outside of trading.

The only problem with these bots (to me) is that if your coding isn't solid, then you have unexpected consequences you can't foresee if you don't have a good coding brain. I still slip on Excel formula even though been using it for years (and only find out when someone finds my error after they start using it) but I think there are some bots that really allow for quite robust testing and debug of your code these days. Never actually tried them but I think Haas looks like a contender for that. Ever had experience?

@Gl0bbo: You ever watch the re-imagined Battlestar? Not ashamed to say it's my favourite sci-fi series.

Thanks and your drawing was also far more elegant than mine.

Appreciate you taking the time to skill us up here in this thread.

*tips hat*

Yeah, I could see that. Expected retrace on the handle would be the 0.382-0.5 area. If it starts pushing below $9K then we're probably not looking at a cup-and-handle pattern.

Let the attack commence!







Hourly chart cup handle pattern? or not?

They have great API for advanced users. Basic Python skills are enough to make any type of order. And I strongly advice to spend some time on that just for fun to see how useful it can be. I needed 2 days from first time python user to my first trading bot that is earning few $ daily on spread on low volume exchange. Bot is checking orders every few seconds, change my buy/sell orders control balance and has basic GUI to change its parameters if necessary. Even if it will be only a one time adventure this time you spend on improving programming skills is not wasted time. Trust me. You never know when you will need them again.

F.e. You very often say - "let's wait for daily candle to close" ... why not set order that will trigger at 00:00:01 if price is higher than support? You code that and then you think hmm... what if there are bunch of such bots and price pump at 00:00:01 because of that? Then you check charts and if it is like that you can buy at 23:59:59 and sell at 00:00:02 and you have your first HFT bot Not saying that it is pumping like that but making your own bot opens your mind on how market works - gives you different trading approach.


BTW:
We were fighting with 7k resistance back than.

Now we are fighting with 10k and another 35% of tethers was printed yesterday and USDT is now nr4 in coinmarketcap fighting with ripple for top3 (1% short).

Actually, didn't know Binance doesn't support it (just checked now) -- I'd have thought these platforms were far more advanced these days than the forex ones of 15 years ago!

Anyway, what do you use Globb0 if at all for automated trading? Or is everything manual? It would see bots like HaaS or cryptohopper have these features but even free ones like Signal let you use Trailing stop.

P.S. I never tried Trailing Take Profit but it's a thing too...

It's called a trailing stop: https://support.bitfinex.com/hc/en-us/articles/115003506545-Trailing-Stop-Order

Trailing stop orders are available on more advanced trading interfaces like Bitmex and Bitfinex. You can also manually apply trailing stop methods in a number of ways: https://www.tradingheroes.com/trailing-stop-loss-strategies/

#3, the X-bar trailing exit is very common. Let's say you're long on the 4-hour chart with a 3-bar exit strategy and the trade is moving favorably. Count 3 bars back from the present bar: the low of that bar is your stop loss.

I need someone to teach me moving stops. Because for example I called this up but I don't know how high.


I know I should set a stop that moves with the up then holds position when the dump comes.

Yet I have no real idea how to achieve such a thing.

I always see stops as a pre-requisite to opening the order. Obviously, the shorter the time frame, the tighter the stops, and for intraday trading I wouldn't touch my stops but if I'm doing long term trades (I don't trade but I consider my buying a sort of very long-term trade), then I obviously adjust my stops, almost like a trailing stop with percentage adjustments.

The best time to start is yesterday.

The second best time to start is today. 

So seems another correct call there. Shame I didn't listen to the JFDI advice yet.





On the hourly, the dip is recovered a nice bowl shape, I am wondering if a handle will form now

Todays daily candles chart seems to confirm the reversal. Closed green and bigger than the red.



The hourly chart is uninteresting today, a slight amble up

Thanks for your thoughts and the link.

I will take a look at it.

Cheers