Get started

Indicators

Understanding Lagging and Leading Indicators in CryptocurrencyIn this article, we'll explore the concepts of leading and lagging indicators, common examples, and delve into the specific indicators within crypto transactional data. 💜 If you appreciate our guides, support us with boost button 💜 What Are Leading and Lagging Indicators? Before we dive into the crypto-specific details, let's establish the basics. In the realm of technical analysis, indicators for traditional financial assets are often categorized as Leading, Lagging, or Macro. Leading Indicator: Points towards the potential future direction of the price. Lagging Indicator: Confirms patterns in prices after they have formed. Both types of indicators play a crucial role in understanding market dynamics and making informed trading decisions. Common Examples of Leading & Lagging Indicators To illustrate, let's examine two common examples: Relative Strength Index (RSI): A leading indicator, RSI hints at whether the market is becoming overbought or oversold. Moving Averages: A lagging indicator that relies on historical data, providing a retrospective view of average price behavior. Crypto-Specific Leading Indicators 1. Mining Data Mining, the backbone of the Bitcoin network, involves running the hashing algorithm to secure transaction integrity. Key indicators include: Hash Rate: Indicates the network's strength; a higher hash rate implies a more robust Bitcoin network. Mining Distribution: Assess whether mining concentration is increasing, potentially impacting network decentralization. Transaction Fees: Offers insights into user types and potential adoption trends. 2. Network Activity A proxy for customer data, network activity includes: Number of Addresses: Reflects user engagement. Transactions per Second: Indicates transactional activity levels. Average Transaction Value: Provides insights into transaction sizes. 3. Scarcity Bitcoin's scarcity is a fundamental characteristic, and the Stock-to-Flow model gauges this relationship: Stock-to-Flow (SF): Measures scarcity by assessing the ratio of existing stocks to new stocks. 4. Broader Ecosystem Data Metrics from various sources like Blockchain.com, Glass Node, and Woo Bull Charts offer insights: Market Value vs Realised Value (MVRV): Measures the market value of Bitcoin relative to its last price movement, indicating user hoarding behavior. Wallet and Exchange Data: Tracks metrics like wallet downloads and exchange customer growth. Macro Indicators in Crypto 1. The Dollar Index (DXY) The DXY measures the US Dollar against other currencies, showing a correlation with Bitcoin: A falling DXY suggests dollar weakness, potentially driving investors towards Bitcoin as a store of value. 2. Stock Markets Bitcoin's relationship with stock markets is complex: Currently correlated due to similar investment behaviors in search of yield. A changing relationship could indicate shifts in broader market dynamics. 3. Bond Yields Bond yields act as a macro indicator: Increasing bond yields are a leading indicator of inflation, potentially affecting Bitcoin positively due to its store of value characteristics. While these indicators operate in the short term, the Fundamental Analysis, exploring broader measures of adoption and influence on prices. Understanding both technical and fundamental aspects is essential for navigating the dynamic landscape of cryptocurrency trading.
Education
by Vestinda
Personal Lookback 💜 November's Profits, Success Rate, RisksGreetings, fellow traders, As we embark on the second day of December, I'm filled with immense pride to announce that our previous 12 market analytics from November have triumphantly achieved their respective target prices. This remarkable accomplishment spans a diverse spectrum of assets, including precious metals like gold, forex pairs like EUR, and the ever-evolving realm of cryptocurrencies, exemplified by Bitcoin. For your convenience, a comprehensive list of these TradingView analytics will be readily available in the description below. While we've navigated the market with remarkable precision, avoiding any unfortunate stop loss hits, I wholeheartedly encourage the integration of safety measures into your future trading endeavors. Your well-being and financial security remain paramount, and implementing prudent risk management strategies is an essential cornerstone of success. As I reflect upon this journey, I extend my deepest gratitude for the unwavering motivation and inspiration you have bestowed upon me. Your unwavering support has been the driving force behind my commitment to providing insightful market analysis and fostering a community of empowered traders. Together, let us strive to maintain, if not surpass, this exceptional success rate. May our collective passion for market mastery continue to propel us towards new heights of financial prosperity. I wish you all the very best in your trading endeavors, and may longevity fill your paths. Happy trading, and long life! Gold: Gold Rush with AI: Analyzing a Bullish Trend Managing Gold Long & SL - A Multi-Indicator Consensus Indicator Gold's Story of Resilience and Strength Gold's in the door of Breakout or Fakeout 🧈 EMA Analytics w/ AI Gold Rush with AI: Is a Bullish Trend broken? Cross-Checking Gold’s Supertrend Adaptively on MTFA FOREX: EUR's Retracement: ECB indicated Yield-Seeking on USD Factors Contributing to the EUR's Decline Against the USD An AI Analytics - 💶 EURUSD Trajectory: Bullish Market Dynamics Video - Powerful EUR Fundamentals - AI suggests Technicals Align An AI Analytics - 💶 EURUSD Trajectory: Bullish Market Dynamics Crypto: Deciphering the Charts: A Closer Look at BTCUSDT's Future Kind regards, Ely
TVC:GOLD
by Elysian_Mind
2
HOW-TO apply an indicator that is only available upon request?Recently, I've realized that my typical day involves constant encounters with indicators. For example, when the alarm clock rings, it's an indicator that it's morning and time to get up. I am checking the phone and once again paying attention to the indicators: battery charge and network signal level. I figure out in just one second that such a complex element of the phone as the battery is 100% charged and the signal from the cell towers is good enough. Then I’m going out on a busy street, and it's only because of the traffic light indicator that I can safely cross the road to reach the parking lot. Looking at the on-board computer of my car, with its many indicators, I know that all the components of this complicated mechanism are working properly, and I can start driving. Now, imagine what would happen if none of this existed. I would have to act blindly, relying on luck: hoping that I would wake up on time, that the phone would work today, that car drivers would let me cross the road, and that my own car would not suddenly stop because it ran out of gas. We can say that indicators help to explain complex processes or phenomena in simple and understandable language. I think they will always be in demand in today's complex world, where we deal with a huge flow of information that cannot be perceived without simplifications. If we talk about the financial market, it's all about constant data, data, data. Add in the element of randomness and everything becomes totally messed up. To create indicators that simplify the analysis of financial information, the TradingView platform uses its own programming language — Pine Script . With this language, you can describe not only unique indicators, but also strategies — meaning algorithms for opening and closing positions. All these tools are grouped together under the term "script" . Just like a trade or educational idea, a script can also be published. After this, it will be available to other users. The published script can be: 1. Visible in the list of community scripts with unrestricted access. Simply find the script by its name and add it to the chart. 2. Visible in the list of community scripts, but access is by invitation only. You'll need to find the script by its name and request access from its author. 3. Not visible in the list of community scripts, but accessible via a link. To add such a script to a chart, you need to have the link. 4. Not visible in the list of community scripts; access is by invitation only. You'll need both a link to the script and permission for access obtained from its author. If you have added to your favorites a script that requires permission from the author, you'll only be able to start using the indicators after the author includes you in the script's user list. Without this, you will get an error message every time you add an indicator to the chart. In this case, contact the author to learn how to gain access. Instructions on how to contact the author are located after the script's description and highlighted within a frame. There you will also find the 'Add to favorite indicators' button. The access can be valid until a certain date or indefinitely. If the author has granted access, you will be able to add the script to the chart.
NASDAQ:TSLAEducation
by Be_Capy
GRT The Graph Price TargetBinance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion. The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"! The question arises: from where will these substantial funds be derived? One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%. Among the tokens impacted is GRT The Graph. I've set a short-term price target for CGRT The Graph at $0.11. Looking forward to read your opinion about it!
Short
by TopgOptions
3
SOL Solana Price TargetIf you haven`t sold SOL here: Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion. The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"! The question arises: from where will these substantial funds be derived? One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%. Among the tokens impacted is SOL Solana. I've set a short-term price target for SOL Solana at $30. Looking forward to read your opinion about it!
Short
by TopgOptions
📈 TradingView Analysis: $APE/USDT Falling Wedge Breakout! 🚀Chart Analysis: Pair: $APE/USDT Timeframe: 4-Hour Chart 🔍 Technical Overview: APE/USDT has been forming a clear falling wedge pattern. Price has recently broken out above the upper trendline of the falling wedge. 📉 Previous Price Action: The falling wedge has been a consistent pattern, indicating a period of consolidation. A series of lower highs and lower lows were observed within the wedge. 🚀 Breakout Confirmation: The recent breakout above the upper trendline suggests a potential trend reversal. Volume confirmation during the breakout adds strength to the bullish case. 💡 Key Levels to Watch: Resistance: The next resistance level to watch is at . Support: The previous resistance, now turned support, is at . 📊 Indicators: RSI: Showing signs of bullish divergence, indicating strengthening buying pressure. MACD: Bullish crossover, signaling a potential shift in momentum. 📅 Upcoming Events: Keep an eye on upcoming events, announcements, or catalysts that could impact the price. 🔒 Risk Management: Set stop-loss orders to manage risk in case of unexpected price movements. Adjust positions according to your risk tolerance and trading strategy. 📈 Conclusion: The breakout from the falling wedge pattern suggests a potential bullish trend for $APE/USDT. However, always exercise caution and conduct thorough analysis before making trading decisions. 📣 Disclaimer: This is not financial advice. Trading involves risk, and it's important to conduct your own research. The breakout scenario is based on technical analysis, and market conditions can change rapidly. 👥 Join the Discussion: Share your thoughts on the $APE/USDT falling wedge breakout. What's your price target, and how are you approaching this trade? 🚀 Happy Trading! 📈✨
Long
by STP_MrNodeItAll
Interpreting RSI (Relative Strength Index)The Relative Strength Index (RSI) is a momentum indicator that measures the speed and magnitude of price movements. It is a versatile tool that can be used to identify overbought and oversold conditions, as well as divergences and trend strength. Overbought and Oversold Conditions The RSI oscillates between 0 and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. These levels are not set in stone, and they can vary depending on the security and the market conditions. However, they are a good starting point for identifying potential buying and selling opportunities. Overbought: An RSI reading above 70 indicates that the security is overbought, which means that it has been trading up rapidly and may be due for a correction. However, it is important to note that the RSI can stay in overbought territory for an extended period of time before a correction occurs. Overbought RSI indicator ETHUSD(Day Chart) As you can see in the chart, when the RSI indicator hit the 70 level, the price started dropping continuously. Oversold: An RSI reading below 30 indicates that the security is oversold, which means that it has been trading down rapidly and may be due for a bounce. However, like with overbought conditions, the RSI can stay in oversold territory for an extended period of time before a bounce occurs. Oversold RSI indicator BTCUSD (weekly Chart) As you can see in the chart, when the RSI indicator hit the 30 level, the price started bouncing from the bottom level. The RSI indicator has accurately predicted the bottoms of Bitcoin's major bear markets in 2015, 2018, and 2022. Stay tuned for more updates on this topic. Regards Hexa
INDEX:BTCUSDEducation
by HexaTrades
2
AAPL Apple Options Ahead of Earnings If you haven`t sold the Double Top on AAPL: or reentered here: Then analyzing the options chain and the chart patterns of AAPL Apple prior to the earnings report this week, I would consider purchasing the 172.5usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $5.35. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:AAPLLong
by TopgOptions
1
UBER Technologies Options Ahead of EarningsIf you haven`t sold UBER here: or bought the dip here: Then analyzing the options chain and the chart patterns of UBER Technologies prior to the earnings report this week, I would consider purchasing the 50usd strike price Calls with an expiration date of 2023-12-15, for a premium of approximately $1.84. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:UBERLong
by TopgOptions
1
Rising Support HOLD or BREAK?! - EGHere I have EUR/GBP on the 4 Hr Chart which has been CLEARLY using this Rising Support as a means to continue higher! With the First Test on Aug. 23rd, there have been 4 more tests on the Rising Support with the 4th and 5th tests failing to keep Prices Higher than the High created after the 3rd Test! Not to mention the time taken between bounce 4 and 5 is much less than bounces given from 1st-3rd. The 200 EMA has started to dip under the supposed Rising Support and is in position for Price to test the Rising Support again! This leads me to believe EUR may be weakening so my bias on this pair is BEARISH! -BUT- What will the 6th bounce provide?! HOLD or BREAK?! Fundamentally This Week: EUR - Financial Stability Review (Wed), French, German & Flash PMI (Thur), Retail Sales (Fri) GBP - Autumn Forecast (Wed), Flash PMI (Thur)
Short
by Novi_Fibonacci
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t sold DIS before the previous earnings: Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week, I would consider purchasing the 85usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $3.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:DISLong
by TopgOptions
Xau/Usd (Gold)Hello traders! The xau/usd (gold) pair is in a triangle pattern. In my opinion, there are two scenarios. Scenario number 1: The pair should test the level of 1975.00 and then take a buy move at the level of 1992.0 and continue a buy move towards the level of 2009.33. Scenario number 2: The pair should test the level of 1975.00 and then take a buy move at the level 1992.0 without breaking the line to go to the level of 1941.00. Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
FX:XAUUSD
by THP-Forex-Academy
2
5 Technical Indicators for Smart TradingNavigating the intricate world of trading requires a keen understanding of technical indicators. These powerful tools serve as guiding stars, illuminating market trends and potential entry or exit points. Today, we unravel 5 top technical indicators that stand as pillars in the realm of trading. Whether you're a beginner seeking foundational knowledge or an experienced trader aiming to refine your strategy, consider these indicators to enhance your analysis. 1. Moving Averages: Riding the Waves of Market Trends Moving Averages (MA) are foundational tools in technical analysis, smoothing out price data to identify trends over specific periods. Simple Moving Averages (SMA) provide straightforward trend indications, while Exponential Moving Averages (EMA) offer more weight to recent prices, making them highly responsive to market shifts. Traders often use crossovers between different MAs to pinpoint entry and exit points and utilize different lengths on different time frames. One common way traders use MA’s is to identify the overall trend using one or two moving averages. 2. Relative Strength Index (RSI): Gauging Overbought and Oversold Conditions RSI measures the speed and change of price movements. It oscillates between zero and 100, traditionally using levels of 70 for overbought and 30 for oversold. Traders interpret divergences between RSI and price movements, seeking potential reversal points. Additionally, hidden divergences, where RSI disagrees with the underlying trend, are valuable for trend continuation strategies. 3. Bollinger Bands: Embracing Volatility for Profitable Trades Bollinger Bands consist of a middle line being an MA (often 20 period) and two outer bands representing standard deviations from the middle band. Volatility increases the distance between the bands, offering a visual representation of market volatility. When the price touches the upper band, it signals potential overbought conditions, while touching the lower band indicates potential oversold conditions. Traders also observe "band squeezes" as precursors to significant price movements. 4. Moving Average Convergence Divergence (MACD): Capturing Trend Changes The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that highlights the relationship between two Moving Averages (MAs). The MACD line represents the difference between a short-term EMA (often 12 periods) and a long-term EMA (typically 26 periods). The signal line, usually a 9-period EMA of the MACD line, acts as a trigger for buy and sell signals. Traders observe MACD crossovers, where the MACD line crosses the signal line, as potential entry points. Additionally, MACD histogram bars visualize the distance between the MACD and its signal line, offering insights into the strength and direction of a trend. By understanding these components, traders gain a nuanced understanding of potential trend changes and momentum shifts. 5. Average Directional Index (ADX): Measuring Trend Strength The Average Directional Index (ADX) is a trend strength indicator that quantifies the strength of a market trend without specifying its direction. Typically, an ADX above 25 indicates a strong trend, while below 20 suggests a weak trend. Traders use ADX crossovers and divergences with the price chart to distinguish between trending and ranging market conditions. A rising ADX suggests a strengthening trend, while a falling ADX may indicate a weakening trend strength. Combining ADX with other technical indicators enhances a trader's ability to identify robust trends and potential reversals, providing a more comprehensive view of market dynamics. Wrapping Up: This article scratches the surface of the indicators listed, there are whole books written on some of them. We have gone more in-depth with most of these indicators in our previous articles. We have linked those articles below if you would like to learn more about any of these foundational indicators. Remember, while these indicators provide valuable data, combining them with a robust risk management strategy, other indicators for confirmation, and a deep understanding of market fundamentals ensures a holistic approach to successful trading. Happy Trading!
NASDAQ:AMZNEducation
by LeafAlgo
ETH Ethereum and the Altcoin Season ThesisThe recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including ETH Ethereum, for which my price target is $2130. Looking forward to read your opinion about it!
Long
by TopgOptions
AVAX Avalanche Buy AreaLooking at the chart, in my opinion, the buy area for AVAX between $7.20 and $10.40 presents a great potential entry opportunity for long term investors. This range provides a relatively wide margin for investors to consider entering a position in AVAX. AVAX, the native token of the Avalanche blockchain platform, has shown promising growth and adoption in recent times. The lower end of the buy area, around $7.20, could be seen as a more attractive entry point for those seeking a potentially lower risk position. On the other hand, the upper end of the range, around $10.40, may offer a higher potential reward for investors willing to take on more risk. Looking forward to read your opinion about it!
Long
by TopgOptions