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Algotrading

ALGO ready for breakouthi dear trader this price action for algo withb usdt pair algo ready for breakout downtrend channel there are entry and target and stop loss found in this chart What Is Algorand (ALGO)? Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust. The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token. goodluck
Long
by mehdi_kb
BOIL ( Natural Gas Futures 3X leveraged) heats up LONGBOIL in the past month fell from a head and shoulders pattern on the 15 minute time frame into a trend down which leveled out into a double bottom. Supply is in a draw down right now as might be expected when gas production is diminished in the middle of winter while demand is rising. The Economics 101 expectation is rising prices on the futures market. The chart shows a Fibonacci retracement would take price from its current level to about 29 or about 20% upside if that level holds and more if prices can make a stronger more or if short positions or puts are forced to closed causing some buying pressure synergy. The RSI indicator confirms the reversal at the double bottom and adds a bit of insurance to the risk. Accordingly, I am expecting a 20% in the next 2-3 weeks. Target for 2/3 of the position is 29 while the other 1/3 ( short squeeze scenario) to run to a target of 33 which is the neckline of the H & S pattern. Taking a look at OTM call options striking $ 30-31 range. Additionally, I will watch the AI algo indicator for a Sell Signal and reassess the position at that time given its 90% accuracy at this given time frame as evidenced by a 2000 candle backtest ( or about 500 hours or 82 trading days). Energy may not be the hottest sector right now but nor is it the coldest.
AMEX:BOILLong
by AwesomeAvani
12
AlgoAlpha's Crypto Bull ThesisIntroduction In the ever-evolving world of cryptocurrency investments, one often hears conflicting narratives about market efficiency and the potential for massive gains. This article delves into the Crypto Bull Thesis, offering insights, and high-conviction crypto assets that may flourish in the next bull cycle. Directional Bias 1. Limited Growth Stock to Flow At the heart of our Crypto Bull Thesis lies the concept of the Limited Growth Stock to Flow (LGS2F). This model highlights Bitcoin's unique value proposition: its limited supply. The scarcer an asset, the more valuable it becomes, and Bitcoin's halving events every four years reinforce this scarcity. This limited growth S2F model underpins our base case, making Bitcoin a store of value unlike any other. 2. Bitcoin Four-Year Cycle The Bitcoin four-year cycle is a well-documented phenomenon. It's akin to clockwork: approximately 2-3 years of bullish trends, characterized by remarkable price appreciation, followed by a year-long correction phase (red). This cyclical pattern has held true throughout Bitcoin's history and forms the foundation of our bullish outlook. 3. There is still room for more pump Evaluating Bitcoin's long-term market conditions is paramount. We assess whether Bitcoin is overbought or oversold by analyzing indicators such as the Limited Growth Stock to Flow (LGS2F) or the BTC Supply in Profits and Losses (BTCSPL). These insights guide our perspective on market sentiment. Based on these indicators, we are clearly not at the top of the bull run yet. 5. ETF The eagerly anticipated approval of a Bitcoin Exchange-Traded Fund (ETF) has been already approved, now institutions are eyeing other assets such as $INDEX:ETHUSD. Such an approval would open the floodgates for institutional investors, propelling crypto into mainstream finance. This potential catalyst holds significant weight in our thesis. 6. Global Liquidity Cycle Global liquidity conditions are never static. Monitoring changes in monetary and fiscal policies across the globe is essential. These shifts impact asset classes, including cryptocurrencies, and play a pivotal role in our assessment of market dynamics. Alt Picks: 1. Highest Correlation to Bitcoin The crypto market dances to Bitcoin's tune. Bitcoin, as the pioneer and bellwether of the crypto space, sets the tone for the entire market. When Bitcoin soars, the majority of altcoins follow suit, and when it corrects, they often do too. Therefore the best assets are those that are the most correlated to bitcoin and have the highest volatility. (credit: @VanHe1sing) 2. Highest Beta with High Correlation Risk-tolerant investors may seek high-beta cryptocurrencies that closely track Bitcoin's price fluctuations. As the market is highly correlated to INDEX:BTCUSD , these assets are essentially leveraged bets on Bitcoin without the risk of liquidation as you do not need leverage. Bear in mind that this requires a strong stomach for volatility. 3. Percentage Distance from All-Time High (ATH) Investors often hunt for gems that have yet to reach their previous all-time highs. We carefully examine how far an altcoin is from its ATH, as this metric can indicate growth potential and an opportunity to enter the market at an advantageous position. Below are some examples⤵️ Emerging Narrative Plays: 1. Solana Memes The Solana ecosystem is vibrant, and emerging meme culture adds a unique dimension. Projects like Degen Ape Academy and SolPunks capture the community's imagination, making Solana a narrative play to watch. Some other Solana memes are: BINANCE:BONKUSDT and MEXC:WIFUSDT 2. AI (Artificial Intelligence) The convergence of AI and blockchain technology holds immense promise. Projects harnessing AI for data security and transparency within blockchain networks are at the forefront of this narrative play, exploring the limitless possibilities at this intersection. Some of these tokens are: BINANCE:RNDRUSDT , KUCOIN:AKTUSDT , MEXC:TAOUSDT 3. Domains Blockchain-based domain management and trading platforms are gaining traction. As online presence continues to expand, cryptocurrencies related to domains present an intriguing narrative play with real-world applications. One such to coin to look at is: BINANCE:ENSUSDT 4. US Presidential Elections US presidential elections are happening this year. This could potentially lead to rallies of tokens such as MEXC:TRUMP2024USDT . Understanding this political narrative is essential for any crypto investor. In conclusion, our Crypto Bull Thesis combines the limited growth Stock to Flow model, the Bitcoin four-year cycle, market correlations, and global liquidity conditions to guide investment decisions. Alt picks based on correlation, beta, and ATH distance provide diversification options. Additionally, emerging narratives like Solana Memes, AI, Domains, and the US presidential elections offer opportunities for forward-thinking investors to navigate the ever-evolving crypto landscape. As always, we provide this info for educational purposes, it is important to Do Your Own Research.
INDEX:BTCUSD
by AlgoAlpha
HRTX a biotech penny stock with 70% in two months LONGHRTX has been suggested by various trading websites as a potentially explosive penny biotech stock for 2024. It has experienced excellent price actions since an earnings beat in November. It beat the estimates; that is to say it burned about half as much cash as the analysts estimated the it would. Today it pumped 11%. Relevant articles can be found compiled on the Yahoo Finance page linked here. The chart is 120 minutes. A alpha trend indicator is shown and the supertrend since the November earnings is upward. An AI Lorentzian indicator is added with a 2000 candle lookback to generate buy and sell signals. It calculated a 59% win on 83 trades over those 2000 candles two hours each; this amounts to about 2000 x 2 / 6 hrs per session or more than 600 trading days = 2 1/2 years. Also supporting an entry at this time is the faster (45 min) RSI line rising over the 50 level while the slower ( 240 minutes in red) RSI line has been over the 50 level since those earnings. The ADX indicator had a DI- and DI + flip with a mini pullback to close out last week's trading ( profit taking). The volatility indicator also showed that dip with selling volatility greater than buying which has now flipped. Given that price has went 5X in 2 months , there is a possibility HRTX is overbought. Analysts seem to think otherwise. I will take a stock position here and anticipate holding the position into the next earnings. For trade management I will take partials of 5 % each at the high of day for ten days going into earnings and hold the remaining 50% through the earnings. In the meanwhile I will review the trade if the machine-learning alo indicator generates either a buy or sell signal. For those lacking the risk tolerance for money-losing biotechnology penny stocks with high potential but are aware that biotechnology is expected to be "outperforming" in 2024, XBI and LABU are ETFs with risk-mitigation in the form of a diverse portfolio from the sector.
NASDAQ:HRTXLong
by AwesomeAvani
UROY Short Sell Trade from High Tight Flag Breakdown SHORTUROY topped out as shown by my other ideas. Profits are redeployed into it in a short trade to play the volatility. Expect 10% in 1-3 days. Text box comments are on the chart. The volatility is increased;the uranium sector is hot ( no pun here) given the climate warming and t the ongoing debates on fossil fuels and government initiatives supporting green energy and trying to wean the oil addiction. ( ZOOM out and to the left for text comments )
NASDAQ:UROYShort
by AwesomeAvani
A Potential Correction on Bitcoin Incoming?Introduction In the ever-evolving landscape of cryptocurrency trading, the ability to interpret market indicators is invaluable. The latest data from Bitcoin trading charts presents an interesting narrative: Bitcoin, the flagship cryptocurrency, might be showing signs of an impending shift in its market trajectory. The chart shown, which tracks Bitcoin against the US dollar, is overlayed with the Volume Exhaustion indicator that highlights peaks in trading volume. These peaks are more than just blips on the radar; they could signal critical junctures in Bitcoin's market cycle, possibly indicating the end of its current rally. In this article, we delve into the analysis of these indicators and explore the implications for Bitcoin's short-term future. Could we be on the cusp of a correction, or is the market simply catching its breath before climbing to new heights? Let’s explore what the chart suggests about the potential paths ahead for Bitcoin. Potential End of the Bitcoin Rally From the chart, we see volume peaks highlighted, which often coincide with significant price movements. High trading volumes can signal the climax of a price trend, especially when they occur at the peak of a rally. The reason is that high volumes reflect high levels of activity, which, at the end of a rally, might mean that most buyers who were willing to buy have already entered the market, leaving less demand to push the price higher. Correction or Consolidation After such peaks in volume and price, markets typically enter a correction or consolidation phase. A correction is characterized by a drop in price, where the market 'corrects' some of the gains made during the rally. This might happen due to various reasons, such as traders taking profits or a change in market sentiment. On the other hand, consolidation is a period where the price stabilizes and moves sideways. This could suggest that the market is in a state of indecision, with the forces of supply and demand nearly balanced. Looking Ahead Investors and traders might interpret the current situation as a signal to exercise caution. It could be a time to consider taking profits or hedging positions to manage risk. However, it's also essential to consider other market factors and news that might impact the price of Bitcoin. Conclusion The indicators on the chart suggest that we might be near the end of the current Bitcoin rally. While this could lead to a price correction or a consolidation phase , it's important for investors to conduct a thorough analysis, considering both technical indicators and market fundamentals before making investment decisions. As always, past performance is not indicative of future results, and it's crucial to approach trading with a solid strategy and risk management practices.
INDEX:BTCUSD
by AlgoAlpha
Understanding Technical IndicatorsTrading indicators are essential tools for traders and investors to analyze and interpret financial market data. These indicators, derived from mathematical calculations based on price, volume, or open interest, etc, aid in visualizing market trends, momentum, and potential reversals. They serve as an additional layer of analysis, offering a structured and objective way to understand market dynamics. Understanding Trading Indicators 1.1 Definition : Trading indicators are graphical tools derived from price, volume, or open interest data. They help in identifying market trends, momentum, volatility, and possible trend reversals. 1.2 Types of Trading Indicators : Trend Indicators : These indicators, such as Moving Averages (MA), Moving Average Convergence Divergence (MACD), and Ichimoku Cloud, help in determining the direction and strength of market trends. Oscillators : Tools like the Relative Strength Index (RSI), Stochastic Oscillator, and Commodity Channel Index (CCI) measure overbought and oversold market conditions. Volume Indicators : Indicators such as On-Balance Volume (OBV) and Volume Weighted Average Price (VWAP) use trading volume data to confirm price movements. Volatility Indicators : These, including Bollinger Bands and Average True Range (ATR), assess the degree of price fluctuation in the market. Utilizing Trading Indicators 2.1 Trend Following Strategy : This approach involves capitalizing on the continuation of established market trends. Indicators like the Fourier Smoothed Stochastic (FSTOCH) help detect and follow these trends, providing smoother signals and filtering market noise for more accurate decision-making. 2.2 Mean Reversion Strategy : Contrary to trend following, mean reversion strategy focuses on price corrections when they deviate significantly from historical averages. The Bollinger Bands Percentile (BBPct) is a mean reversion indicator that uses Bollinger Bands to identify potential price reversals, indicating when an asset is overbought or oversold. Comparing Trend Following and Mean Reversion 3.1 Key Differences : Direction : Trend following identifies and exploits established trends, whereas mean reversion focuses on price reversals. Risk Profile : Trend following is typically higher risk due to the challenge of timing, while mean reversion is considered less risky as it banks on imminent price corrections. Market Conditions : Trend following excels in trending markets, while mean reversion is more effective in range-bound or sideways markets. 3.2 Combining Strategies : Using both strategies together can provide a more comprehensive market view and reduce reliance on a single approach. Mean reversion indicators can confirm trend reversals identified by trend-following indicators, while the latter can help avoid premature exits in mean reversion trades. Binary and Discrete Indicators 4.1 Binary Indicators : These indicators, like the Alpha Schaff, offer clear, binary (yes-or-no) signals. They are ideal for straightforward decision-making, indicating when to buy or sell. 4.2 Discrete Indicators : Unlike binary indicators, discrete indicators, such as the Average-True-Range, provide a range of values, offering more nuanced insights into market conditions. The Importance of Using Both Types of Indicators Combining binary and discrete indicators equips traders with a broader perspective on market conditions. While binary indicators provide clear entry and exit points, discrete indicators offer detailed insights into the strength of market trends and potential turning points. This combination enhances decision-making by enabling traders to cross-reference signals and identify high-probability trading opportunities. Conclusion : In the dynamic world of finance, trading indicators are invaluable for providing insights into market trends, momentum, and conditions. Utilizing a combination of trend following, mean reversion strategies, and both binary and discrete indicators, traders can develop a comprehensive and effective toolkit for navigating financial markets successfully.
BITSTAMP:BTCUSDEducation
by AlgoAlpha
Algorand ($ALGO) Recent Upward Trend and Momentum Since mid-October, ALGO has been trading in an active upward trend, appreciating by 140%. However, the positive momentum in Algorand has recently slowed down, and the asset has been trading sideways for the past two weeks. The current resistance zone for EURONEXT:ALGO lies between $0.210 and $0.223. If buyers manage to break through this range, the next target will be the $0.23 level, which could pave the way to new highs. However, this is contingent upon avoiding a deeper correction in BTC, as the correlation between these assets remains significant. In the event of continued retracement, ALGO might retest support zones between $0.173-$0.184 and $0.150-$0.640. In case of a deeper correction, it could reach down to $0.133.
Long
by DEXWireNews
ALGO BULLS REINSTATES PRESSUREHello Traders, I think Algorand overall Movement is to the 0.220 region. we should watch this bullish movement closely as this is going yo take a while to fulfil. This is the full analysis for this pair, let me know in the comment section below if you have any questions and suggestions. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please adhere to good risk management. Also like, follow and cheer, thank you....
Long
by TheLastLuftwaffe
ALGO's Parabolic Growth: Cup and Handle Masterpiece! 🚀Algorand (ALGO) emerges as a distinguished performer, crafting a masterpiece in the form of a Cup and Handle pattern. With a breakthrough of a crucial trendline, ALGO is now shaping the handle of this pattern, signaling potential for a resolute continuation of its upward journey. Chart Analysis: Crafting the Cup and Handle Symphony Cup and Handle Formation: ALGO intricately weaves the narrative of a Cup and Handle pattern, a bullish continuation formation. The cup, formed by a gradual rounding bottom, transitions into the handle—a consolidation before the potential surge. Trendline Breakthrough: ALGO marks a significant breakthrough, piercing through a vital trendline. This breakout serves as a precursor to the formation of the handle, setting the stage for a potential strong upward movement. Anticipated Scenarios: A Harmonious Surge Crafting the Handle: ALGO is currently in the process of forming the handle, a consolidation phase within the Cup and Handle pattern. This consolidation is essential for gathering momentum before the next phase of the bullish journey. Bullish Continuation: The completion of the handle sets the scene for a potential bullish continuation. Traders and investors eagerly anticipate the symphony of growth, expecting ALGO to resume its ascent. Strategic Approaches: Navigating ALGO's Crescendo Strategic Entry Points: Traders may strategically position themselves during the handle formation, ensuring entry at optimal points within the consolidation. Timing is crucial, and vigilant entry strategies could enhance the potential for capitalizing on the anticipated surge. Monitoring the Handle Dynamics: Continuous monitoring of ALGO's price action within the handle is imperative. Breakout confirmation from the handle would be a key signal for traders to act on the anticipated bullish continuation. Conclusion: ALGO's Symphony Continues to Unfold As Algorand weaves the harmonious notes of its Cup and Handle symphony, traders and enthusiasts alike await the completion of the handle—a prelude to a potential surge in price. The stage is set for ALGO to continue its journey, composing a resounding melody of growth in the crypto realm. 🚀 Crafting the Cup and Handle Symphony | 🎻 The Crucial Trendline Breakthrough | 🌌 Navigating ALGO's Crescendo ❗See related ideas below❗ Share your insights on ALGO's chart dynamics and join the conversation about the potential breakout and its implications. 💚🚀💚
Long
by Yaroslav_Krasko
GBPUSD 4H Next Possible MovementHello Traders it been a while since we didn't share any analysis here we are back at the Game let dive In on the $GU 4H Timeframe Analysis. We See a clear rejection of the price 1.2500 we can count it as a support Area and now the price start ranging it accumalte liquidity to either Goes Upside or downside but the Next Move will be massive, We have To Possible Scenarios. 1- We break to the Upside, that our confirmation then pullback and move to 1.2750 Areas. 2- Second Scenario is a continuation of the current bearish movement to break to the Downside then Pulback or retest the previous support that will became Resistance!
by BlackWatch01
XAUUSD Time For Reversal! Hello Traders, As you can see on the headline, it could be this time a reversal for the XAUUSD it been a while since we moving bearish it could be an instant movement upside in court term, still there's no Solid Confirmation just an instinct we have Daily Order Block that has been mitigated and reacted on 1976 Area then we Noticed a rejection on 1982 The Structure is still holding, so with proper risk it could be a nice trade at the other hand we still on a bearish trend, and we have another daily area too look into it at 1962
OANDA:XAUUSD
by BlackWatch01
9 Elements to Master Algo-TradingThere are two types of trading. Discretionary where you buy and sell based on variable factors. Mechanical where you buy and sell on fixed factors. If you want a strong edge with the markets, then you’ll need to consider the latter. And hence we have algorithmic, or algo trading. Algo trading, or algorithmic trading, is the use of computer programs to automate the process of trading financial assets. These programs, or algorithms, execute trades based on predefined rules and criteria. Now when you dissect algo trading to its core, you’ll realise there are important elements you’ll need to consider to master it. Element #1. Database Management & Analysis Algo trading simply begins with a whole bunch of comprehensive and organised data management. You’ll use the financial markets to generate vast amounts of data, including historical price movements, trading volumes, and momentum indicators. Basically, you’ll need this database to create a strong back tested analysis. That way you’ll be able to get the accurate data to tell you how it’s performed, the expectations and the best and worst case scenarios. Element #2: Statistical Analysis Once you have the database of tested information. You’ll be able to work on your statistical analysis to see the inner workings of the system in action. Win & loss rate Best & average winners and losers Drawdown averages Average trade Expectancy formula Biggest and smallest winner & loser Average week, month, quarter and year Basically, all the stats you need that forms the bedrock of successful algo trading strategies. When you have this data you’ll be able to spot trends, correlations, and anomalies within financial data. Element #3. Pattern Recognition Skills Pattern recognition is a core competency in algo trading. We aren’t fully there yet with AI, Machine Learning and Deep Learning. But we’re getting there. With trading expertise combined with algorithmic precision – this will allow computers to find recurring chart patterns, candlestick formations, and technical indicators. These patterns often help give trends, reversals, potential market movements, and opportunities to enter or exit a trade. E lement #4. Machine Learning Machine learning, a subset of artificial intelligence. By using historical data, machine learning algorithms can adapt and improve trading strategies over time. So whether you have a moving average, chart patterns, Smart Money Concepts, Fibonacci or any other trading system. With Machine Learning, it will input more data and will be able to change, add, remove and optimise elements in your strategy to make it MORE successful. In just no time at all, these algorithms will learn from past successes and failures, fine-tuning trading parameters and strategies to optimise your trading performance. E lement #5. Trading EA Strategies Expert Advisors (EAs) are your everyday trading robots. These are algorithmic programs that are developed for trading platforms like MetaTrader and soon TradingView. These EAs help you to execute trades based on your pre-defined rules and criteria. You’ll then be able to design and backtest these strategies to make sure they are viable and profitable in REAL market conditions. And when it’s time to take trades, EAs do it for you. They will be able to automate the execution process – with no emotions or hesitance. This will allow you to capitalise on opportunities 24/7 without any human intervention. And you no what that means. It’s going to do the job! Element #6. Problem-Solving Skills You are going to hit a bunch of obstacles in the way. There are major challenges when it comes to algo-trading. And you’ll need to have strong problem-solving skills to overcome them and succeed. Just like programmers deal with bugs, glitches and problems with code. You’ll also find problems with paramaters, markets, rules, criteria and risk management calculations. If you have strong problem-solving skills you’ll be able to quickly identify and sort out the issues, diagnose causes, and find and implement solutions to maintain consistent performance. Element #7. Attention to Detail You need to have an eye for algo-trading. When the smallest discrepancies or inaccuracy can have major consequences for your portfolios performance. You’ll need to consistently review your strategies, parameters, and data inputs. That way it’ll help to make sure your system is accurate, reliable and trustworthy. Element #8. Risk Management It’s not just about creating a solid trading strategy and system. You’ll need to have effective risk management too. With Algo trading, you’ll need to employ a couple of money management techniques like: Position sizing Stop-loss orders and criteria Portfolio diversification When to close based on over time When to adjust your positions When to risk a certain percentage based on different market environments This will help you to protect, preserve and prosper with your portfolios. Element #9. Market adaptability Markets are dynamic. Markets trend. Markets move sideways. Markets jump in irrational circumstances. As an algo trader, you’ll need to find a way to adapt your system into the programme to identify these market environments. E.g. When the main market is above the 200MA only look for longs When the main market is below the 200MA only look for shorts. When the market is within a box range – Don’t look for any trades. As you can see, there are many elements to being a successful algo-trader. It also takes a ton of innovation. But have this article with you, for when technology and developments improve – You’ll have certain ideas and steps to take to improve your algo trading. Let’s sum up the important elements to algo-trading… Element #1. Database Management & Analysis Element #2: Statistical Analysis Element #3. Pattern Recognition Skills Element #4. Machine Learning Element #5. Trading EA Strategies Element #6. Problem-Solving Skills Element #7. Attention to Detail Element #8. Risk Management Element #9. Market adaptability Do you use Algo-Trading with the markets?
JSE:J200Education
by Timonrosso
$ALGO Weekly is so Bullish💣 The Candle will be EpicThe weekly performance of EURONEXT:ALGO appears incredibly bullish, hinting at an impending monumental candlestick. The upward momentum seems poised to create an epic surge in value, reflecting robust market sentiment. This promising trend suggests significant growth potential, fueling anticipation for a remarkable and influential market movement in the near future. Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @FarmanBangashh
Long
by frmnCapital
1