Good info. It is nice and clean. I have saved the article and the other ones. Your blog seems pretty cool! About the bear flag pattern, the diminishing volume during the formation is a must?   

I like the project overall. Looks pretty neat. The idea of creating conditions, setting multiple Stop losses and Take profits, and automating/backtesting sounds promising. I'll give it a try. How about trading templates, Do I have to pay for them? Is it some kind of marketplace thing? 

well it requires a lot of effort, time and hard work and experience as well. That is one of the main reasons why most novice trader end up blowing  up their account, they think if they spent a month or so they start getting rich quickly with trading. Those who manage to be profitable are people had been training themselves for years both in terms of knowledge and psychologically.

I use
BUY
Price is above ema(21)
Price is above psar
macd is above macd signal.

SELL
MACD is crossing down macd signal

*** using the opposite for short positions
I also additionally check ADX for filtering out the ranging market.

you need practical learning as well I think. I would encourage you to go for backtest and papertrading for months and see how you are dealing with past trends, reversal, etc and also try yourself out based on live data as well. see what are your weaknesses and strengths. Then I would suggest you start with small steps on real trading. Improve your emotional durability and improve your trading discipline.

Thanks for the quality post. it mostly like well planning and disciple. It is hard to gain trading discipline at the same time. Requires time and experience. I think it is also good to have an understanding of behavioral finance since it will help you to understand what you are being exposed to before-during-after the trade in terms of a psychological perspective.

I don't like to admit but he does affect the prices, unfortunately. On the other hand, I am thinking regardless of being good or bad for bitcoin, people are speaking about it, the news is mentioning and so does people's awareness. It makes bitcoin enter our daily life even more.

Without proper backtesting-papertrading and money&risk management, just jumping on the trade. Also valuing other people's ideas and advices more than my own research and ideas.

I have other references that I read on it. But other ones have a bit more complicated explanations so because of that I  tried to combine but since that reddit post has way more basic explanation so in order to make it more understandable I took my inspiration mostly from the reddit post.

I should have added it here as a reference. Will keep that in mind next time. I appreciate for clarification.

I think understanding these quite crucial and it is something that traders should not skip. It is hard to grasp for the majority of traders. I wanted to make it as simple as possible especially for beginner traders who are struggling with those. I will be explaining it in one example. Hope it helps! I will be happy to be corrected if I have any mistakes on it.

As a general idea:

• A limit order is an open offer to sell at a certain price.
• A stop order is a trigger, which, if passed, means your position will be sold as soon as possible at the current market price.
• A stop limit order is a trigger, which, if passed, creates a limit order.

Let's assume you have some assets that currently at $5 and you decide that if it hits $5.50, you are want to sell. And that means you make a limit sell order. Limit sell order basically means it is an order that will be automatically triggered at the first chance to sell at the price you set or above the price you have set ($5.50 for example).

On the other hand, assume that you also want to sell automatically if the price gets to $4.50 or lower so you want to prevent the possible losses. Limit sell order won't work in this case. Let's assume that you used a sell limit order for $4.50, so once you entered the order it will be instantly executed. Because and your position will be sold at $5.00 (current price in the example) which means $5.00 satisfies the condition of being equal to or better than the $4.50 limit price. A limit order is triggered so long as it can be filled at the limit price or better. So that is why a limit sell won't work for this case. We have stop orders (Stop Loss)  for this kind of situation. Stop order will trigger when a sell at the best available market price once the stop price has been reached. For instance, you set the stop loss to $4.50, once the market price passes below that, your position will be sold at the best available market price at that moment.

The difference between Limit orders and stop orders are; in a limit order, the limit price is just a threshold above which you will accept the trade, a stop order the stop price is a trigger: once the market price passes your stop price, then your position will be sold instantly to the highest bidder at that moment.

Now about the stop limit, it basically combines both limit orders and stop losses. It requires that you specify two prices: the stop price and the limit price. If the market price passes the stop price, that will trigger the creation of a limit order within the limit price you have specified.

For example: As for the previous example, you believe that if the price gets low at $4.50, then you need to exit. However, you are definitely not willing to sell below $4.25.Because you are hoping that it will recover one day, so you make a stop limit order where stop price is $4.50 and the limit price is $4.25. When price gets low as $4.50 - the stop will be triggered and your limit will be created at $4.25. the stop price is the trigger to decide you want to make a sell offer, and the limit price is the lowest you are willing to sell for once the stop trigger actually happens.

Another way of you using stop limit order is, you again believe that if the price drops below $4.50, that is a sign that you should exit your position. But at the same time you believe that when price gets that low, there is a high chance that there will a bounce. So if the price gets low to $4.50, it will shortly make it back up to $4.75 before price crushes fully. So in this case you make a stop limit order with $4.50 stop price with a $4.75 limit price.

NOTE: These explanations are for selling. These types of orders exist for buying as well and it works the same but only vice versa.

and how about the batteries that are being produced for Tesla cars and its damage to the environment? The reasoning for not accepting bitcoin anymore is like a joke.

Crypto definitely provides value. The value is sound money. A fair, transparent system of accounting. This is true capitalism working well unhampered by any state. It will be amazing for humanity and a new era in finance.

Here is a lovely thread for you to check out. Quite useful!

I haven't used any trading bots yet but I hear it quite often. Some people say custom bots that you can customize and create by yourself are way safer and better than the ones that are created by someone else and being sold in the market. Another thing that makes a lot of sense to me is that how people misperceive bots. Some traders were doing emphasis on how bots useless without any trading knowledge and proper money&risk management and how significant bots are about leveling up your trading as a tool once you understand the main idea of it along with your trading knowledge.

Cybertheft: Leaves the investment open to cyber attacks. Hacking is a serious risk especially when you not familiar with tech and its concept. There is no way to retrieve your lost or stolen bitcoins.

I like and respect Warren Buffet a lot. On the other hand, I definitely agree with your point. Looking at the history of finance, we see that finance is always in evolution and in history, there was always some kind of resistance when getting into new phases but it didn't prevent that evolution from happening.

There are already core developers working on quantum cryptography to add as a layer to the bitcoin's blockchain. So no worries I think, I cant say I don't have any doubts about it tho.

I get that generally your risk amount should be at a previous support and within the amount you're willing to risk but how exactly do you determine potential profits?

Would it be at a previous resistance?

What if it's a new high and there is no previous resistance, would it then be at certain price points?

I think it is all about money and risk management. So basically if your trading beats your hodl ing, its better to trade if otherwise vice versa

The government wants to be in control of the money and they also want to stop anything that might undermine their own currency. They want the ability to tax and seize at will. Crypto makes this difficult which is why I see them trying to stop it in the future.