Topic: Thanasis Collection Pack - page 20. (Read 170601 times)
how much did you earn with this bot Thanasis? would you recommend using it for small amounts? ( < 0.05 BTC)
It looks like we are breaking through the red line right now, would you agree Thanasis?
As long as the prices are below of the red Downtrend Line, maybe it is not worth to BUY.
This is the first time that the prices have broken downwards a long term trend line (starting from Apr 15 !!!).
Technically this normally means an expected fall.
Users must take care about a possible "pullback", which means a a trap inverse movement up to the trend line which may entrap many users buying when they had not.
Now we live in a period of narrow Bollinger Bands.
You must note that technically, every time we have a period with narrow Bollinger Bands then this period is followed by and extreme move up or down.
This happened in the November 2013 and May 2014 which were both in up direction.
Would you like a free trading bot for the Huobi exchange ?
Please visit:
https://cryptotrader.org/topics/913623/thanasis-collection-pack
Please visit:
https://cryptotrader.org/topics/913623/thanasis-collection-pack
This downtrends breakage of the long term green uptrend line is definitely a negative sign for the short term future.
In the above chart i have I have designed the bunch of the Support Lines under the current level of prices.
For some strange reason all of them are equidistant between each other at 38 points !!!
This stable prediction rule is something that it is not normal in the developed markets (like the Dow stock market or the USD/EUR Forex market).
So, this is a very simple proof that the BTC market is still very unmarurated and very easy for somebody to trade profitably and without many risk in manual or in a bot manner.
https://cryptotrader.org/topics/913623/thanasis-collection-pack
In this chart you can see the big anode that has begun from May 25.
This is the last part of the chart, with prices above the green Uptrend Line.
It had follow the first part of the chart, with prices below the red Downtrend Line.
Now, as the prices are approaching the green Uptrend Line it will be judged if this anode will be terminated (if the prices will be break downtrend the green Uptrend Line) or it will be continued (if the prices will be reflected upwards the green Uptrend Line).
This judging point will be critical for the behaviour of the prices for a month or so.
https://cryptotrader.org/topics/913623/thanasis-collection-pack
In this 1h chart you can see a simple but very effective trading mechanism for the short term manual traders.
1) Stay in fiat as long as the prices are below the red Downtrend Line.
2) BUY if the prices will break upwards the red Downtrend Line.
https://cryptotrader.org/topics/913623/thanasis-collection-pack
As you can see, this 10 days period the traders compete with the traders of the 10 days period between 5 March and 15 March of the same year.
As you can also see, the volumes in these two 10 days period are the same, so there is not at this moment a clear indication of what will follow.
In this day chart you can see that:
Everytime the prices had broken the current red Downtrend Line then afterwards they had a significant anode.
I have gathered here current status of our strategy.
As you can see there are 2 short term trend lines. The red Downtrend Line and the green Uptrend Line.
Normally for a bullish trend the prices must be simultaneously above both, the red Downtrend Line and the green Uptrend Line (I region).
Similarly, normally for a bearish trend the prices must be simultaneously bellow both, the red Downtrend Line and the green Uptrend Line (III region).
So:
1) As long as the prices stay at the (I Region) we must be in fiat.
2) As long as the prices (breaking upwards the red Downtrend Line) will found in the (II region), we consider the case to BUY with a portion of our capital.
3) As long as the prices (breaking upwards and the green Uptrend Line) will found in the (I region), we consider the case to BUY the rest portion of our capital.
We have an extra opportunity to BUY due to new forming red Downtrend Line, i.e. if and when the prices will break this line upwards.
For other order (BUY or SELL) details please see the previous post.
1) Scalping orders:
A) BUY at: When prices are close and above the lower Line.
B) SELL at: When prices are close and below the upper Line.
2) Trend catching orders:
A) BUY stop: When prices are close and above the upper Line (they break it upwards).
B) SELL stop: When prices are close and bellow the lower Line (they break it downwards).
Also note the health of the last anode in the increasing volume.
https://cryptotrader.org/topics/913623/thanasis-collection-pack
For your convenience i have drawn the Lines of effective trading in a week horizon traders.
1) Scalping orders:
A) BUY at: When prices are close and above the lower Line.
B) SELL at: When prices are close and below the upper Line.
2) Trend catching orders:
A) BUY stop: When prices are close and above the upper Line (they break it upwards).
B) SELL stop: When prices are close and bellow the lower Line (they break it downwards).
Also note the health of the last anode in the increasing volume.
https://cryptotrader.org/topics/913623/thanasis-collection-pack
Just as a thought, this is the fourth time that we are close to a level that historically the prices have fail 3 times in the past to pass above it (A1, A2, A3 and now A4).
This practically means that maybe it is time for us to take the big profits we have until now.
Of course, we will watch closely the situation and if the prices in spite our sell can pass above this level,then we will reverse our position and we proceed to a new buy.
https://cryptotrader.org/topics/913623/thanasis-collection-pack
Thank you @cryptshine for your good words.
It really interesting the pamm account you suggest. I will consider it and maybe i proceed to open an account like this.
Meanwhile, maybe you don't know that this you had the kindness to suggest me i do in a different manner already.
I mean that what i show here to all of you through the charts of the Technical Analysis, i have coded them in bot scripts which i rent i a monthly basis in the site of the cryptobots https://cryptotrader.org/?r=30.
For example you can follow my blog there https://cryptotrader.org/topics/913623/thanasis-collection-pack where you can find all the details of these bots of mine as also an awesome amount of more information about the market, the autotrading bots, etc.
In this way, trading with the help of the autotrading bots one can be certain that the logic which for example i describe here it will be executed 24h/day, 7 days/ week.
In any case, i will consider your suggestions for which i want to thank you very much.
It really interesting the pamm account you suggest. I will consider it and maybe i proceed to open an account like this.
Meanwhile, maybe you don't know that this you had the kindness to suggest me i do in a different manner already.
I mean that what i show here to all of you through the charts of the Technical Analysis, i have coded them in bot scripts which i rent i a monthly basis in the site of the cryptobots https://cryptotrader.org/?r=30.
For example you can follow my blog there https://cryptotrader.org/topics/913623/thanasis-collection-pack where you can find all the details of these bots of mine as also an awesome amount of more information about the market, the autotrading bots, etc.
In this way, trading with the help of the autotrading bots one can be certain that the logic which for example i describe here it will be executed 24h/day, 7 days/ week.
In any case, i will consider your suggestions for which i want to thank you very much.
great will definitely check it out. Thx.
There is a change that history will be repeated.
https://cryptotrader.org/topics/913623/thanasis-collection-pack
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