Thanasis Collection Pack - page 19. | Bitcointalksearch.org

klee

legendary

Activity: 1498

Merit: 1000

~~What is the exchange you are tracking the price of?~~
BTC-e, just saw it!

Should we wait for the exact price you mention plus a certain amount (eg +5$) to be more sure it is a real upwards break?

And what is this exact price in your chart for today because I am not sure I can see it right (probably somewhere $480)?

Thank you in advance.

Thanasis

hero member

Activity: 1820

Merit: 515

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The most wise move is to buy only when the prices will break upwards - it is preferable with high volumes - the red Downtrend line.

You must be careful because the prices may will approach this line without achieving to break but repelling from it, resulting afterwards in a more or less big fall.

Thanasis

hero member

Activity: 1820

Merit: 515

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It is very hopeful that nevertheless of the high volume of the breakage the prices have tried to ride again inside the horizontal channel, almost with success.

As i have mentioned in the previous post, you must also be careful for a possible the pullback.

Thanasis

hero member

Activity: 1820

Merit: 515

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As you can see the horizontal channel has been broken with adequate volume.

Technically it is sign for rapid sell, because there is danger for a big fall.

You must also be careful about a possible pullback. This is when the prices are trying to take an inverse movement approaching the horizontal line but they are repelled by this line and the downfall afterwards is even more strong.

We can say that the statistical behaviour will be again stable only if the prices will insert fast (in the next few hours) inside the horizontal channel. As long as this will be not be achieved, your attention to avoid loses must be great.

Thanasis

hero member

Activity: 1820

Merit: 515

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Do not fool any disaster, because luck is the same and the future is invisible.

Ancient Greek proverb.

klee

legendary

Activity: 1498

Merit: 1000

Bravo filos!

Thanasis

hero member

Activity: 1820

Merit: 515

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The triangle formation has been broken from the wrong side (it would be perfect if the breakage was from the upper side and not from the right side as it is now).

The positive is the very low volume of the breakage plus the horizontal channel afterwards (it could be here a strong fall).

The market seems the have not trend at the moment.

You must watch if any movement up or down from the horizontal channel will be accompanied by the adequate volume as a confirming tool.

Thanasis

hero member

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The above is one of my bots, the Golden bot, running from 2014 August 01 to 2014 August 22, for the LTC/USD pair.

Here is the backtest link:

https://cryptotrader.org/backtests/NpEDoJ5ErqciSw7BF

As you can see, the efficiency of the bot for these 22 days is + 46.11 %, when the market for the same period has fall - 30.36 %.

For other of my bots or other currency pairs as BTC/USD, please visit my thread at:

https://cryptotrader.org/topics/913623/thanasis-collection-pack

or subscribe to the site through:

https://cryptotrader.org/?r=30

Thanasis

hero member

Activity: 1820

Merit: 515

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You can see here that we have a well known formation of Technical Analysis, the Inverse Head and Shoulders formation.

Also note not only that the sharp slope of the right shoulder but also the higher volume (Region B) of the right shoulder comparing to the volume (Region A) of the left shoulder.

Technically this means that a reversal is under way.

Thanasis

hero member

Activity: 1820

Merit: 515

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For short term traders:

The breakage at the point A of the short term pink downtrend line signals opportunities of buying for short term trading.

After our bying we are very careful to sell as the prices are approaching the long term red downtrend line or even more immediately in the first reversal of the market.

Thanasis

hero member

Activity: 1820

Merit: 515

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As you can see, the prices have found support S1 in the same level S2 that they had been accumulated in the middle of May, little ago their big anode movement afterwards. This is technically normal for what we could expect.

If they stay at this level for a few days then we can say that all the big anode of May - June - July - August has been deflated.

As long as the prices will remain between the red Downtrend Line and the blue Support Line (blue rectangle), we can say that the statistics of the market's behaviour remain the same. Trading here is a fair game.

If the prices will climb above the red Downtrend Line (green area) then the market will be statistically bullish (and your trade mistakes will be forgiven easily by the market).

If the prices will fall below the blue Support Line (red area) then the market will be statistically bearish (and you will pay hard for every of your trade mistakes).

Thanasis

hero member

Activity: 1820

Merit: 515

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Maybe here there are some good opportunities.

Buy only above the red Downtrend line. Be careful to sell immediately if needed.

Thanasis

hero member

Activity: 1820

Merit: 515

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You can see here the behaviour of the market after a big fall during the last year.

In formations A and B we had an even fall (red eclipse) of the market after the first big fall (green rectangle).

In formation C the first big fall (green rectangle) has been followed by a stable area (yellow eclipse).

In any case of these 3 cases, in the third step we had a more or less medium anode (blue eclipse).

Normally you must wait for a sign of anode in order ro buy.

Thanasis

hero member

Activity: 1820

Merit: 515

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Seems to be not a wise idea to buy as long as the prices are below the red Downtrend Line.

Of course, due to the high volatility of the days, any new price formation must be translated accordingly.

Thanasis

hero member

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In short, this is what has been happened.

Thanasis

hero member

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As i have told 2 post above : "a period with very low volatility is followed by an extreme movement".

Today with this violent fall you can see what i meant saying that.

Thanasis

hero member

Activity: 1820

Merit: 515

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As long as the prices are below the red Downtrend Line, the market is very weak.

Thanasis

hero member

Activity: 1820

Merit: 515

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In this daily chart i have marked 2 periods that are unique in the sense that they seem to be exactly the same during the last year.

The first of them was about the middle of May 2014 and the second is now.

Both of them are characterized with low volatility.

Normally a period with very low volatility is followed by an extreme movement.

Thanasis

hero member

Activity: 1820

Merit: 515

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You can see that we had here a fault breakage of the red Downtrend Line.

Normally It is not a good sign

Thanasis

hero member

Activity: 1820

Merit: 515

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As my real job is an officer in an big investment bank, i have some decades experience with automated trading bots.

This bot comparing to my other bots and to other bots of the market, adjusted every time to the specific market it concerns had overall the best profitability.

Theoretically it is good for any balance of trading amount, even the very small. But of course not smaller than the fees of the exchange.

Topic: Thanasis Collection Pack - page 19. (Read 170601 times)