Globb0 BTC charts

[buwaytress]

I slept on it, I think its not even good enough to just have the correct stops (though they are important)

I think to maximise things you need to be sat in front of it, reacting and adjusting. That feels far more like gambling, shall I cash out or wait on a bet type thing. Similar, maybe indicating this is just betting of a sort.

I always see stops as a pre-requisite to opening the order. Obviously, the shorter the time frame, the tighter the stops, and for intraday trading I wouldn't touch my stops but if I'm doing long term trades (I don't trade but I consider my buying a sort of very long-term trade), then I obviously adjust my stops, almost like a trailing stop with percentage adjustments.

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[Globb0]

I need someone to teach me moving stops. Because for example I called this up but I don't know how high.


I know I should set a stop that moves with the up then holds position when the dump comes.

Yet I have no real idea how to achieve such a thing.

[exstasie]

I need someone to teach me moving stops. Because for example I called this up but I don't know how high.

I know I should set a stop that moves with the up then holds position when the dump comes.

Yet I have no real idea how to achieve such a thing.

It's called a trailing stop: https://support.bitfinex.com/hc/en-us/articles/115003506545-Trailing-Stop-Order

Trailing stop orders are available on more advanced trading interfaces like Bitmex and Bitfinex. You can also manually apply trailing stop methods in a number of ways: https://www.tradingheroes.com/trailing-stop-loss-strategies/

#3, the X-bar trailing exit is very common. Let's say you're long on the 4-hour chart with a 3-bar exit strategy and the trade is moving favorably. Count 3 bars back from the present bar: the low of that bar is your stop loss.

[buwaytress]

Actually, didn't know Binance doesn't support it (just checked now) -- I'd have thought these platforms were far more advanced these days than the forex ones of 15 years ago!

Anyway, what do you use Globb0 if at all for automated trading? Or is everything manual? It would see bots like HaaS or cryptohopper have these features but even free ones like Signal let you use Trailing stop.

P.S. I never tried Trailing Take Profit but it's a thing too...

[Tytanowy Janusz]

Actually, didn't know Binance doesn't support it (just checked now)

They have great API for advanced users. Basic Python skills are enough to make any type of order. And I strongly advice to spend some time on that just for fun to see how useful it can be. I needed 2 days from first time python user to my first trading bot that is earning few $ daily on spread on low volume exchange. Bot is checking orders every few seconds, change my buy/sell orders control balance and has basic GUI to change its parameters if necessary. Even if it will be only a one time adventure this time you spend on improving programming skills is not wasted time. Trust me. You never know when you will need them again.

F.e. You very often say - "let's wait for daily candle to close" ... why not set order that will trigger at 00:00:01 if price is higher than support? You code that and then you think hmm... what if there are bunch of such bots and price pump at 00:00:01 because of that? Then you check charts and if it is like that you can buy at 23:59:59 and sell at 00:00:02 and you have your first HFT bot Not saying that it is pumping like that but making your own bot opens your mind on how market works - gives you different trading approach.


BTW:

1- 1.5 bilion newly printed tethers (+30% supply)

We were fighting with 7k resistance back than.

Now we are fighting with 10k and another 35% of tethers was printed yesterday and USDT is now nr4 in coinmarketcap fighting with ripple for top3 (1% short).

[Globb0]

Let the attack commence!







Hourly chart cup handle pattern? or not?

[exstasie]

Hourly chart cup handle pattern? or not?

Yeah, I could see that. Expected retrace on the handle would be the 0.382-0.5 area. If it starts pushing below $9K then we're probably not looking at a cup-and-handle pattern.

[Globb0]

Hourly chart cup handle pattern? or not?

Yeah, I could see that. Expected retrace on the handle would be the 0.382-0.5 area. If it starts pushing below $9K then we're probably not looking at a cup-and-handle pattern.

Thanks and your drawing was also far more elegant than mine.

Appreciate you taking the time to skill us up here in this thread.

*tips hat*

[buwaytress]

I did NOT expect to see 9500 today.

@Tytanowy: Couldn't agree more with programming, even if I never really updated my own skillz since the early 1990s with BASIC. But I think kids should really learn it, not just for things like this but for any kind of simple automation outside of trading.

The only problem with these bots (to me) is that if your coding isn't solid, then you have unexpected consequences you can't foresee if you don't have a good coding brain. I still slip on Excel formula even though been using it for years (and only find out when someone finds my error after they start using it) but I think there are some bots that really allow for quite robust testing and debug of your code these days. Never actually tried them but I think Haas looks like a contender for that. Ever had experience?

@Gl0bbo: You ever watch the re-imagined Battlestar? Not ashamed to say it's my favourite sci-fi series.

[Globb0]

Best bit when the cylon soldiers boarded the battlestar and started running forward towards the deck. That was intense. If you can guess I also loved it.

All so good and I also loved the original series as a kid.

Oh yeah and some pretty hot women eh?   


I have chores to do for the family but Ill get to the charts later. I see we had an up, not sure yet if it was reflex to the handle forming. I thin the 9k invalidator (mentioned above) held.

[Globb0]

Daily chart, seems to have retested, 10K feels inevitable.




Hourly is boring, some dump but it doesn't look more  threatening than more sideways for a bit.

[exstasie]

Hourly is boring, some dump but it doesn't look more  threatening than more sideways for a bit.

A dump below the May 15th pivot ($9,120 Coinbase) or a pump above the weekly pivot ($10,079 Coinbase) will get my attention. Those are early warnings that a breakout may be occurring. Anything inside that range is liable to troll.

The real breakout levels (defining the weekly and monthly trends) are still $10.5K and $8K.

[Globb0]

Interesting price action. Still holding within the range well above the support.

Just touched on my green line, this is fine.



I heard it dipped a tiny bit under 9000




Hourly is where the action is showing....

Breached the first support level at this zoom

[exstasie]

After this dip to the 0.618, the hourly cup-and-handle pattern is officially dead:



Bears are showing their teeth. Triggered a 4-hour BB breakdown. This Adam & Eve double top is a real possibility. A break below $8,100 will confirm.

[buwaytress]

Best bit when the cylon soldiers boarded the battlestar and started running forward towards the deck. That was intense. If you can guess I also loved it.

All so good and I also loved the original series as a kid.

Oh yeah and some pretty hot women eh?   

Have to admit I never saw the original toasters until after the first season of the reimagined one. It was definitely a bit campy but for its time not at all bad. If you remember in the 1990s there was 'Space: Above and Beyond" which sadly never made it past season 1 (sad like firefly)... But man, so many scenes I remember so well.

And hot women? That opening scene set the tone for hotness. Not since Claudia Black did I see a scifi woman I had the hots for (Katee Sackhoff).

If btc markets were BG now, we're in the middle of Cylon occupation and watching the web series while waiting for salvation.

@ecstasie: think the bulls will bite on Friday or allow teethy bears to chomp down for the weekend?

[Globb0]

Daily did another little retest. I still see up potential.

We are still in the range

[exstasie]

@ecstasie: think the bulls will bite on Friday or allow teethy bears to chomp down for the weekend?

Boring sideways it is. This is maximum trolling, barely holding the bullish trend line from the $6,000s and smack in the middle of the 4-hour BBs:



A break of that trend line and new 4 hour lows and I will flip bearish.

For now, the higher time frame trends remain bullish, so bulls have the upper hand in terms of price action. At the same time, bears are not shorting (not many shorts to squeeze) and 4-hour OBV divergences suggest strong selling pressure in this range.

Truly a nail biter......

[buwaytress]

@exstasie: max trolling indeed. Was half tempted late Friday to unload some required sells early but we're in a $200 range in the past 24 hours, so it looks like I didn't have to worry after all.

The next 3 4-hrs actually will dump away bits of those lows too, definitely an Eid nail biter.

[Globb0]

Well we have broken through my magic line.

But still well within the range, above support below resistance.

RSI turning upward,  puuuuuushhshhhhhhh!

[Globb0]

Here's the chart. Good thing the yesterday daily closed back over my magic line.




Lets see how it does today.

Next of course its the WEAK end


Thank you