Thanasis Collection Pack

[Thanasis]

Seems to be not a wise idea to buy as long as the prices are below the red Downtrend Line.

Of course, due to the high volatility of the days, any new price formation must be translated accordingly.

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[Thanasis]

You can see here the behaviour of the market after a big fall during the last year.

In formations A and B we had an even fall (red eclipse) of the market after the first big fall (green rectangle).

In formation C the first big fall (green rectangle) has been followed by a stable area (yellow eclipse).

In any case of these 3 cases, in the third step we had a more or less medium anode (blue eclipse).

Normally you must wait for a sign of anode in order ro buy.

[Thanasis]

Maybe here there are some good opportunities.

Buy only above the red Downtrend line. Be careful to sell immediately if needed.

[Thanasis]

As you can see, the prices have found support S1 in the same level S2 that they had been accumulated in the middle of May, little ago their big anode movement afterwards. This is technically normal for what we could expect.

If they stay at this level for a few days then we can say that all the big anode of May - June - July - August has been deflated.

As long as the prices will remain between the red Downtrend Line and the blue Support Line (blue rectangle), we can say that the statistics of the market's behaviour remain the same. Trading here is a fair game.

If the prices will climb above the red Downtrend Line (green area) then the market will be statistically bullish (and your trade mistakes will be forgiven easily by the market).

If the prices will fall below the blue Support Line (red area) then the market will be statistically bearish (and you will pay hard for every of your trade mistakes).

[Thanasis]

For short term traders:

The breakage at the point A of the short term pink downtrend line signals opportunities of buying for short term trading.

After our bying we are very careful to sell as the prices are approaching  the long term red downtrend line or even more immediately in the first reversal of the market.

[Thanasis]

You can see here that we have a well known formation of Technical Analysis, the Inverse Head and Shoulders formation.

Also note not only that the sharp slope of the right shoulder but also the higher volume (Region B) of the right shoulder comparing to the volume (Region A) of the left shoulder.

Technically this means that a reversal is under way.

[Thanasis]

The above is one of my bots, the Golden bot, running from 2014 August 01 to 2014 August 22, for the LTC/USD pair.

Here is the backtest link:

https://cryptotrader.org/backtests/NpEDoJ5ErqciSw7BF

As you can see, the efficiency of the bot for these 22 days is + 46.11 %, when the market for the same period has fall - 30.36 %.

For other of my bots or other currency pairs as BTC/USD, please visit my thread at:

https://cryptotrader.org/topics/913623/thanasis-collection-pack

or subscribe to the site through:

https://cryptotrader.org/?r=30

[Thanasis]

The triangle formation has been broken from the wrong side (it would be perfect if the breakage was from the upper side and not from the right side as it is now).

The positive is the very low volume of the breakage plus the horizontal channel afterwards (it could be here a strong fall).

The market seems the have not trend at the moment.

You must watch if any movement up or down from the horizontal channel will be accompanied by the adequate volume as a confirming tool.

[klee]

Bravo filos!

[Thanasis]

Do not fool any disaster, because luck is the same and the future is invisible.

Ancient Greek proverb.

[Thanasis]

As you can see the horizontal channel has been broken with adequate volume.

Technically it is sign for rapid sell, because there is danger for a big fall.

You must also be careful about a possible pullback. This is when the prices are trying to take an inverse movement approaching the horizontal line but they are repelled by this line and the downfall afterwards is even more strong.

We can say that the statistical behaviour will be again stable only if the prices will insert fast (in the next few hours) inside the horizontal channel. As long as this will be not be achieved, your attention to avoid loses must be great.

[Thanasis]

It is very hopeful that nevertheless of the high volume of the breakage the prices have tried to ride again inside the horizontal channel, almost with success.

As i have mentioned in the previous post, you must also be careful for a possible the pullback.

[Thanasis]

The most wise move is to buy only when the prices will break upwards - it is preferable with high volumes - the red Downtrend line.

You must be careful because the prices may will approach this line without achieving to break but repelling from it, resulting afterwards in a more or less big fall.

[klee]

What is the exchange you are tracking the price of?
BTC-e, just saw it!

Should we wait for the exact price you mention plus a certain amount (eg +5$) to be more sure it is a real upwards break?

And what is this exact price in your chart for today because I am not sure I can see it right (probably somewhere $480)?

Thank you in advance.

[Thanasis]

In Technical Analysis all the breaks must have a margin (say 1% of the price - which means 5 $ now) in order to be valid.

The current price is seeing at the right of the chart as a green rectangle (479.95 $ now).

[klee]

In Technical Analysis all the breaks must have a margin (say 1% of the price - which means 5 $ now) in order to be valid.

The current price is seeing at the right of the chart as a green rectangle (479.95 $ now).

Thanks!

[Thanasis]

This is a free simple easy adjustable RSI bot, written in coffeescript, as an example of my bots in the cryptotrader site (it is just an example of few lines, not a really bot with hundreds or thousands of lines).

Feel free to modify it as you like or even to contact me if you want some simple modifications and you have not the skill to achieve them.

Code:

#
# Thanasis RSI simple bot
#
# BTC: 13j4F6LmXsb3mth3DZMpe3QmpyXtWKKoP1
#
 
  
init: (context)->
    context.rsi_up   =  60
    context.rsi_down =  40
    context.period   =  30

handle: (context, data)->
    instrument = data.instruments[0]
    RSIresults = talib.RSI
        inReal: instrument.close
        startIdx: 0
        endIdx: instrument.close.length-1
        optInTimePeriod: context.period
    rsi = _.last(RSIresults)
   
    if rsi < context.rsi_down 
       buy instrument
    else if rsi > context.rsi_up
       sell instrument

[Thanasis]

As you can see, the prices - as it was more or less expected, see my previous post - have broken the red Downtrend line with interesting volume.

So it is time to BUY.

At a first approach, you must set the Stop Loss at the blue Uptrend Line.

[Thanasis]

These 3 horizontal blue lines may could be your 3-level Stop Loss.

Consider to SELL if the prices will break the bottom line of them.

[Thanasis]

Normally, if you have followed the instructions (see my previous posts) now you must be in FIAT.