Trading Assignment: Find an idea

[chrismop]

Pattern trading:
Dubble bottom
Dubble top
Head and shoulders
Inverse head and shoulders
Bull flag
Bear flag

[Tose]

I will start off basic looking at support and resistant levels. I will look at 2 charts and compare them. 100 and 50 MA. Buy when prices reach the support level and sell when it nears the resistant level.

I will also look at the volume being trade during each candlestick. If the OBV is rising and the price is not or trading sideways, then I will buy because I would suspect a future rise. On the other hand, if the OBV is falling and the price is trading sideways or starting to fall, then I will sell because it looks like it may drop in the future.

[RCV]

Here my first idea, based on bitcoins price action today being bullish. I predict that there is a probability that bitcoin can retest 16200k level at which point it would act as support. If this happens I’m selling the farm and going all in!!!haha.

[RCV]

https://www.tradingview.com/x/Msuh8eZw/

this is interesting the hourly price of etc fell below the 200 and 50 day moving average. Not only that the 50 day moving average is now below the 200 day moving average. I guess this can potentially be a bearish signal for eth in the short term.

[massam78]

I’d like to buy immediately after large dumps

[Reggy2323]

Products: BTCUSD
Resolution: 15MIN
technical analysis: SMA 55 ( high low and close) with SMA200 with TDI
Strategy:
long/short when price below/above sma200 and sma 55 same direction as sma 200 with TDI CROSS

[Dutch]

Looking for a trade of Band Protocol (Chainlink baby brother). The 50 ema and 100 ema crossed bullish today, it looks like the daily close is bounching of the ema and re-test it’s previous high. That’s a 20% upside trade on the short timeframe, but could break through to all-time-high.

[javier_ortiz_mir]

I really liked the MACD as an indicator of long-term? trends (I guess it depends on how much time the candles represent on a chart) … that together with 2 moving averages (1 of only a few days and another one with many days … like 180)

I would like to use those as my idea (Ii guess I’m not the first one to have it though )

[Mexter]

As I’m new to crypto trading, I would first like to identify opportunities/(alt)coins to buy in whilst they are in a ‘dip’ and promising for the short/mid term.

So I guess the idea at first is to try and identify dips at certain coins and to buy in on that point.
(Taking into account that I’m convinced about the narrative and tokenomics of the coins I decide to invest in.)

[Ryanb]

Not at a level where I understand this confidently enough, going to review the course again and hope on the 2nd time around the dots connect

[Elgin_Que]

From my observations of the crypto markets in general these past few years, there are a few indicators that yield consistent reliable outcomes.

Indicators

• double tops (M) pattern / double bottoms (W) pattern
• breakouts from constricting symmetrical / ascending / descending triangle formations
• identifying bottom and top price ranges using Fibonacci extensions
• identifying good entry levels based on reversion to certain long term (21 week EMA) and medium term moving averages (50 day MA)
• contrarian indicators for Crypto Fear and Greed Index
• medium term trend continuation or reversal using RSI
• long term trend continuation or reversal using volume indicators

Ideas

• trade the breakouts from double tops (M) pattern / double bottoms (W) pattern with a stop loss if there is no confirmation
• trade the breakouts from constricting symmetrical / ascending / descending triangle formations with a stop loss if there is no confirmation
• scale in bottom and scale out top price ranges using Fibonacci extensions
• buy / long after confirmation with reversion to certain long term (21 week EMA) and medium term moving averages (50 day MA)
• scale in / scale out based on contrarian indicators for Crypto Fear and Greed Index
• scale in / scale out based on medium term trend continuation or reversal using RSI
• buy / sell based on long term trend continuation or reversal using volume indicators

[Mette]

Ethereum 5min chart, using MA(20) and MA(10).

When MA(10) crosses over MA(20) and there has been a red candle bounce and 2 green candles confirming uptrend, then buy at opening of second green candle.

Stop Loss when A) Either sell position when MA(20) crosses over MA(10) again, or B) when defined support level is crossed.

[Fino]

My strategy is a grafic one. Using the aid of paralel lines, enter after the confirmation of patern. Then become a long position e close it if leave it downwards.
The use of EMA 50 and EMA 200 helps to confirmation of an inicial trend only when the EMA 50 is on top of EMA 200 and the space becomes narrow, but the candle sticks are bullish.
Grafic testing https://www.tradingview.com/x/JBTNdlSZ/

[Tradesmart]

I have been testing this idea

Indicators

1. Moving Average Exponential
   EMA 1 – set length to 10
   EMA 2 – Set length to 20
2. Zigzag++ set depth and deviation to be 5

Rules

1. Wait for an uptrend (10 EMA crosses above 20 EMA)
2. Wait for price to break out and then retest the EMAs (either one (based on the trend hype))
3. Wait for bullish confirmation after the retest
4. Enter after the confirmation candle
5. Set stop loss underneath the previous swing low
6. Take profit once the EMAs cross the other direction (10 EMA crosses below 20 EMA)

[MartyMonster]

still thinking…

[MarcisB]

I believe this applies on many alts now, but I personally believe in fundamentals of Monero so I focused on that.

• First, on hourly chart, we see a double bottom at around 0.0063, as well as a falling parabola that appears to be flattening out and possibly reversing:

• Then, on the daily we also see a double bottom forming:

• And finally, on a weekly chart we see that around 0.0061 is a strong support level which has never been broken since Monero went above it way back on August 2016. We also see an even longer term double bottom forming:

The price, though, is well below the 21 week moving average which is around 0.0082 now. Considering that it could act as a resistance, maybe that would be a good place to take profit.

So my idea would be this:

1. Place a long position;
2. Stop-loss at 0.0060;
3. Take profit at 0.0080;
4. Besides that, accumulate for long-term hodling.

I think, it is a quite safe idea because of the strong historical support. However, it may take a long time to generate profit, as the parabolas are big.

[gkassaras]

Identify long tern trend, support and resistance lines, do the math calculation, then combine the following signals:

1. RSI for trend strength
2. MACD for trend reversal
3. OBV for volume analysis

And identify a price range to buy and a price range to sell e.g. on an uptrend we buy at the support level and and sell on the resistance level.

Steps:

• Step1: Check RSI -> Strong signal yes
• Step2: Check MACD -> No negative reversal pattern yes
• Step3: Check OBV -> Uptrend in the volume yes

Then define price range e.g. from 0.1 BTC (support) to 0.15 BTC (resistance). Then buy from 0.1 to 0.13 and sell from 0.14 and above.

Based on the diagram above we will buy at 2553 USD and sell on 26000 USD after checking the indicators.

[CarlosKoljonen]

I have been personally using a strategy that it has been extremely profitable and successful. It is very simple, and up to now I have been doing it manually, but my idea is to automatize it in order for it to work without my presence. the strategy currently requires my presence twice a day, and it is the following:

I have an average long position with a leverage of 1x. If it goes down 2,5% from the current price I buy with roughly another 5% of my current position. If it goes up 2,5% I sell with roughly 2,5% of my current position of 1x. The idea is to buy in many tranches when it goes down and to sell also when it goes up in order to reduce risk and allow me to buy more again when it goes down. The volatility of the price makes this strategy extremely interesting. My idea is to find the way to automatize this somehow.

[Cowboy_D]

First thing I do when I open a chart is look at the trend in the daily, 4 hour, 1 hour and sometimes 15 minute. Then if I see a upward trend I draw a line from the low of the day and trace it to the high of the day. I introduce the MA20 and MA200 and see how it lines up with support and resistance. I also introduce the fib retracement tool and see if there’s a good spot to make a trade and assess my risk to reward. If not I will grab other indicators such as the Bollinger band.

[Bernadette]

One idea is to buy when price reaches support level and sell at resistance level. I could buy or sell if a candle touches the bollinger band line: if touches the downside then buy and if it touches the upside then sell. I think I will more likely use my recently purchased BSI indicator from Ivan.