A Simple Strategy of Using the Bollinger Bands and the RSI ...

Had some fun with Bollinger bands tonight! Here's why Bitcoin's extreme volatility can cause them to break if calculated the standard way, and here's the better (multiplicative) way to do it instead. (Also, what should we call these bands?)

For those who don't know, Bollinger bands. They give you a range that price very often stays within, and which varies with the recent average price and volatility.
I don't think an asset has ever in history pushed the limit of Bollinger bands like Bitcoin has. Here's a beautiful picture for you to see why. The view here is of a bit less than a year, covering the two superexponential runups from April and October.
Look first at the left side, which has "normal" Bollinger bands. Both the top-left and bottom-left show the same data; one is on a linear scale and one is on a log scale. The average here is taken over 70 days and the range is 2 standard deviations from the mean.
Since we're all brilliant technical analysts here, we might notice that, you know, maybe the lower band being at $-260 is a bit extreme. I mean, nobody has a crystal ball, and Bitcoin is volatile and all, and I can't promise it won't do this either, but, maybe there might be really strong support at, say, $0 or something. Also, maybe the log chart should not have the lower band being plotted at y=-Infinity either. Maybe.
In contrast with that, the right side of the chart is the modified version which treats volatility in terms of percentages rather than absolute linear price differences. Now we can see what really happened: October was so insane that even after the crash, a month later average volatility was still such that we had a potential top of $1733, and if it had turned around and declined with equal ferocity, we'd have gone back all the way to $60. The log chart makes this particularly clear, especially since it can be plotted in its entirety without needing a screen with pixels down to y=-Infinity, which is a huge plus if you can't afford an infinitely large monitor.
As we zoom in on narrower timescales, the two sides start to converge a bit, but the multiplicative one is still usually better. For instance, here's a daily chart that focuses just on the second bubble. It's better than the larger timescale, but still crazily biased towards the downside. If volatility got too much crazier, it would have dragged the band back to negative infinity again. You can see, though, that as we look at shorter timescales, and volatility gets narrower, the two start to converge. For instance, on the 30m chart, you can't see any discernible difference whatsoever.
The point: on short timescales, the multiplicative bands behave more or less exactly the same as the bands you're used to, but on larger timescales, they won't leave you hanging out to dry as you wait for the price to hit $-260. Thus, these modified ones are the better choice for something like Bitcoin (and probably for any asset, I'd wager).
How exactly the multiplicative ones are formulated is rather technical, so I'm going to put that in the comments. The basic idea, however, is to do all of the BB calculations on a log chart first (as though it were linear), then take the exp to de-log it. That's the simplest way to think of it.
TL;DR, Bitcoin is so volatile it screws up Bollinger bands on large timescales. If you're using Bollinger bands, use these ones instead (mathematical details in comments). Pictures are provided above for a comparison.
Of course, I could be wrong here and maybe we really hold out for the price to hit $-260, which would be nice, since we'd all get paid $260 for every Bitcoin we don't own. I personally don't own like a thousand Bitcoins, so I'd be rich real fast.
submitted by MauledByPorcupines to BitcoinMarkets [link] [comments]

Best Crypto Trading Bots 2019

Best Crypto Trading Bots 2019
WolfpackBOT - The World's Fastest Crypto Trading Bot

https://preview.redd.it/s5j8hgsgsi131.png?width=799&format=png&auto=webp&s=e0e5597fa32aa74f78fcfbb5cc08d143f8b8ca3b
There are basically two different ways you can make mazuma from digital currencies. You can purchase a couple of coins currently, hold them for an extensive period and offer them after the esteem has risen significantly or you can get started with exchanging digital forms of money, here once more, you can exchange physically or run with the best crypto exchanging bots. While holding cryptographic money for a more drawn out term has turned out to be fulfilling, it takes a bounty of time and tolerance for you to optically observe the estimation of your speculation increase.If you are somebody, who does not have the persistence to hang tight for so long, at that point digital currency trading provides you with the immaculate chance to make some mazuma. Numerous prosperous digital currency dealers do recommend you purchase low and sell high. In any case, this is easier verbalized than done.
Digital currencies have been cosmically unpredictable since the earliest reference point. They are the main tradable resources whose esteem shifts in twofold digit rates every day. The cost does not generally go up either. Along these lines, timing the market is the way to turning into a prosperous cryptographic money merchant.
Exchanging digital money isn't any advanced science. All you require is a record on a digital money trade and some cryptographic money in your wallet. This would have been the situation, had you started exchanging these computerized resources route in 2010.
Presently, on the off chance that you try to put in any limitation request on any famous cryptographic money trade, you will outwardly see another application set appropriate above you're, putting forth a superior arrangement. Hence, you are constrained to put orders at market esteem.
The way that a superior offer quickly negated your offer does not assign that somebody is continually crushing before the PC. You just set off crypto exchanging bot when you submitted your request. The best bitcoin exchanging bots have surmounted the whole cryptographic money exchanging biological system, and this is primarily because of the way that they are more effective than people, particularly when it comes down to exchanging.
Presently that you ken that bots have surmounted the crypto exchanging market, you more likely than not understood as of now that the chances of making mazuma when piled facing a great many bots are cosmically svelte.
You could ace all the distinctive specialized investigation strategies and exceed the bots. In any case, in addition to the fact that this is tedious withal very tedious. So instead of investing more energy finding out about the specialized investigation, you can set up the crypto exchanging bots all alone. By the end of this article, not exclusively will you ken probably the most profitably rewarding cryptographic money exchanging bots out there, yet moreover will be enabled with the intelligence of winnowing your very own exchanging bot later on.
Variables to Look for When Culling the Best Crypto Trading Bots
  1. Dependability
A standout amongst the most vital viewpoints to consider is the dependability of an exchanging bot. You would not operate to lose on a brilliant open door because your crypto bot went disconnected or stopped working for quite a while.
You may contend that there is no real way to make sure about the dependability of a specific exchanging bot. Notwithstanding, you aren't the just a single using a bot. Scan for what alternate clients who have used a particular bot need to verbally express about its consistent quality or basically allude to our rundown of the best bitcoin exchanging bots underneath.
  1. Security
With regards to cryptographic forms of money, you can't inculpate anybody yet yourself if there should be an occurrence of a hack. When you initiate using an exchanging bot, you are giving the bot access to your mazuma. This can be very jeopardous, particularly if the exchanging bot is beginning in the field.
There is no telling how secure a specific bot is. In this way, while separating an exchanging bot, complete quintessential research and winnow a bot that has been broadly extolled for its security.
  1. Productivity
Everything comes down to this fundamental part. Is the bot profitably worthwhile or not? An inquiry for which it is elusive an answer. The primary reason you chose to run with an exchanging bot is to benefit over its exchanging ability. There is no influential pertinence in using a bot that isn't profitably rewarding. In this way, discover the productivity of a bot up to you put both your time and mazuma into it.
  1. Straightforwardness
The fundamental motivation behind why digital currency rose to acclaim is that the entire system is plenarily straightforward. There is the wrong spot for any injustice. The equivalent ought average even from the exchanging bot that you choose to run with.
Attempt to winnow a bot whose engineers are unmistakable for their work in the network. Straightforwardness benefits to fabricate trust as well as also profits you to connect with the ideal individuals to adjust any issue.
  1. Simplicity of profit
The entire cogency of running with a robotized bitcoin exchanging is to make the whole procedure of transferring cryptographic forms of money simple for everybody. A bot which accompanies a simple to use interface is the one that is exceptionally well known. Having the capacity to control the bots with only a couple of snaps of the mouse is something you should pay individual mind to, in the bot that you choose to use.
Considering every one of the variables we have arranged a rundown of the best ten digital currency exchanging bots in 2019, the review will be unendingly refreshed with the goal that data remains apropos.
Top 10 Best Crypto Trading Bots in 2019
  1. Cryptohopper
This may be a new bot in the crypto exchanging market. In any case, this newcomer has figured out how to blow some people's minds because of the comprehensive exhibit of highlights that this bot gives. One of the defeats of most exchanging bots is that they kept running on your neighborhood machine. This betokens they run just when you have turned on your PC.
With the lift in enthusiasm for cloud-predicated advancements, Cryptohopper uses cloud innovation to keep the bot running day in and day out. By running the bot on a cloud, clients will most likely put in exchange requests notwithstanding amid the night. In this manner, no open door is missed.
Another critical reason that prompted the lift in the notoriety of Cryptohopper is its simplicity of usage, particularly for the tyro. The bot has incorporated with an outside exchanging signaller. This assigns anybody can initiate using this bot by running it on autopilot. This is a help to the nascent dealers, who need not stress over setting exchanging signals for their bot. The bot withal gives progressively experienced clients a chance to mess around and set their own exchanging signals. Along these lines, it is satisfying the desiderata of both. Aside from this, the bot is incidentally outfitted with highlights, for example, trailing stops, specialized examination, formats, and backtesting. Formats benefit you to design a nascent setting for your bot quickly, and specialized investigation sanctions you to redo and arrange your own settings.
Like every extraordinary thing, the crypto container comes with a sticker price fastened to it. The cost starts from $19 every month for the fundamental arrangement and goes up to $99 per month if you operate their most extravagant arrangement. When you buy into any of the organizations, you can start using the bot on prominent trades like Binance, Huboi, Kucoin, Bittrex, Coinbase, Poloniex, Kraken, Cryptopia, and Bitfinex. On the off chance that you are slanted to spend the additional buck on an exchanging bot, at that point Cryptohopper is an extraordinary separate.
  1. 3Commas
Even though 3Commas bot is nascent to the exchanging bot scene, it could give its clients huge increases, notwithstanding amid the crypto bear showcase.
The new element that dissevers this bot from other bots is its workforce to trail any crypto advertise. This authorizes the bot to close the exchange at the most profitably excellent position, yet the objective addition set by the utilizer had just been come to. This element benefits enormously amid the crypto bull run. Additionally, the bot adventitiously endorses clients to exchange numerous cryptographic forms of money simultaneously. In this manner, it is not passing up any great exchanging opportunity that goes along the way. The bot is set up on the cloud and is available through the site. This betokens the bot runs 24X7. The bot can be designed with Binance and Bittrex at this moment and increasingly legitimate trades, for example, BitFinex, Poloniex, KuCoin, and so forth will be coordinated anon.
The 3Commas comes with a sticker price appended to it. The starter plan will cost you $24, and the most luxurious genius pack would set you back by $82. On the off chance that you operate to give crypto bot exchanging a go, at that point, you could use the 3Commas starter plan and later peregrinate to the more rich schemes.
  1. Gunbot
This is another mainstream exchanging bot with more than 6000 dynamic merchants using its lodging on a quotidian substructure. Good with a few exchanging stages including Binance and GDAX, it very well may be kept running on your nearby PC. This can keep running on Windows, Linus, and the Mac stages, so running on your neighborhood machine would not be a bind.
The bot has 32 diverse pre-arranged exchanging systems which give clients a wide cluster of choices to induce some automated revenue. Among these techniques, the three most well-known ones are the Bollinger band, step addition, and ping pong. Numerous clients have detailed having made a bounty of benefits with the BB procedures. Gunbot isn't in freedom to use and accompanies a one-time level rate running from 0.1BTC to 0.3BTC, contingent upon the highlights that you would savor to optically observe in the bot. Aside from this, the bot supplementally comes as a Lite rendition that has encircled highlights yet can be habituated to test around with the lesser measure of mazuma.
The post-buy support given by the organization is truly surprising. Clients get their issues settled in less than multi-day. The main pickle with regards to this bot is that you ought to in every case reliably outwardly look at the present market state. If the instability of the crypto advertise is high, at that point you ought to most likely turn the bot off to shun any misfortune
  1. Gekko
This is the most diverse digital money exchanging bot in subsistence at present. For any individual who needs to gain proficiency with some things about exchanging bots and not spend any mazuma getting one, at that point Gekko is the bot for you. The Gekko trading bot is an open source bitcoin exchanging bot venture that is accessible for anybody to use for nothing. The way that it is in freedom to use is the fundamental purpose behind its wide prevalence. Like some other open-source ventures, Gekko is free of for all intents and purposes all bugs and even the ones the pop are fixed up at lightning speeds. The Gekko bot can collaborate with a few trades, including Bitfinex, Polonix, and BitStamp. The bot uses a web interface to associate with the clients and can keep running on a neighborhood machine with Windows, Linux, or the Mac OS.
The bot comes pre-designed with some exchanging system. You can initiate using the bot on autopilot as anon as you introduce and design it with a trade. In any case, if you would savor to use your very own exchanging system, the bot withal endorses you to design it to your savoring. While the present design is respectable for trying different things with the bot, there are a few other exchanging techniques accessible online that would benefit you make an all the more profitably worthwhile wager. The bot will withal send you a notice at whatever point it executes a specific exchange. This is finished by incorporating it with the Telegram envoy. Consequently, you will dependably ken how well your bot is performing.
The main drawback to the Gekko exchanging bot is that it isn't very utilizer-heartfelt. There are a few aides in the digital world that direct you through the underlying setup process. Be that as it may, this procedure isn't extremely direct and you would presumably hit a barricade at any rate once amid the underlying setup.
  1. Zenbot
Another allowed to use digital currency exchanging bot, Zenbot can be considered as a further developed form of the Gekko exchanging bot. Nonetheless, as Gekko has been around for a more extended time, it is all the more generally used. Much the same as Gekko, Zenbot programming can be downloaded from Github and introduced on your neighborhood PC. The product is perfect with Windows, Mac just as the Linux working frameworks. The bot comes pre-arranged with an entirely nice exchanging system. In any case, its real potential can be opened only when you initiate executing your exchanging order. The primary bind with the allowed to use bots is that they are frequently not very utilizer-genial. In any case, this isn't the situation with Zenbot. The entire setup process is extremely effortless, and you can have the bot fully operational in all respects speedily. The bot chips away at all prevalent trades, for example, Bitfinex, Poloniex, Bittrex, and so on.
As it is an open source venture, it is without now of a few bugs, and regardless of whether one springs up, it will be adjusted all around speedily. The Zenbot can effortlessly actualize with a few informing stages, for example, slack, Telegram, and so on to give you the updates of any exchange that was executed.
Adventitiously, the Zenbot withal braces high-recurrence exchanging. This is a component that outlined the personnel of the Gekko bot. The Zenbot is being refreshed, and more highlights are being incorporated traditionally. Hence, making it a bot for you to reliably outwardly analyze.
  1. WolfpackBOT: WolfpackBOT is a cryptographic money exchanging programming application that has been created with the most developed highlights of any robotized exchanging programming of its sort. The WolfpackBOT has been intended to execute exchanging directions with the usage of restrictive numerical calculations, and specialized investigation bespeakers predicated on the client's predefined assignments.
The cryptographic money advertise as of now bearish, and many exchanging bots easily miss the scarcest vacillations. WolfpackBOT has been built to execute trading directions at a lightning speed and is fit for making up to a large number of exchanges every day, relying upon the states of the market.
WolfpackBOT is among the few cryptographic money exchanging bots that give crypto aficionados full self-governance, security, and control of their exchanging bot and its related API keys. A large portion of the crypto trading bots out there are cloud-predicated stages that are constrained by outsider frameworks. While these stages guarantee dealers of outright wellbeing and security, insightful brokers ken that in the crypto space, outsider frameworks like trades and other cloud-predicated steps are hacked proximately consistently. Since WolfpackBOT programming and your related API keys are put away individually PC or devoted VPS, WolfpackBOT can sidestep a significant number of the security issues related to cloud-predicated frameworks.
WolfpackBOT has been created for the whole crypto network, from experienced merchants to novices, with three in all respects reasonably valued membership levels. WolfpackBOT accompanies a few membership bundles that authorize clients to exchange with a wide scope of chances predicated on their favored membership.
  1. CryptoTrader
cryptotrader_reviewAlmost all digital money merchants would have aurally seen about the crypto dealer exchanging bot. The across the board fame of this bot is because it was one of the absolute first bots to be kept running on the cloud and accessible to the clients day in and day out.
The crypto broker bot is plenarily web-predicated and in this manner, open from anyplace you can associate with the digital world. The bot can be easily designed with a few well-known trades, for example, Poloniex, Bittrex, Kraken, and so on. This bot does not come for nothing out of pocket. You can operate from the few organizations accessible. The valuing initiates with 0.003BTC every month for the most simple arrangement and this goes up to 0.0472 BTC every month for their excellent arrangement.
While all plans do offer clients support for programmed exchanging, the early highlights and as far as possible for the more indulgent plans is higher than that given the basic arrangement. Any early component that is caused is most readily accessible on the higher bundle designs and are later accessible on the basic plans. On the off chance that you would simply savor to exchange on a solitary trade and with exceptionally delineated mazuma, at that point the basic arrangement will get the job done. Be that as it may, on the off chance that you are outwardly looking at the higher volume of exchanges, at that point run with the higher bundle.
This bot additionally sustains algorithmic exchanging. In this manner, I am making it effortless for clients to execute their very own arrangements. The bot can be effortlessly modified. In this manner, I am making it a broadly utilized cryptographic money exchanging bot.
  1. Bitcoin Robot
btcrobotWe simply needed to incorporate the pioneer of digital currency exchanging bots on our rundown of the best crypto exchanging bots. The Bitcoin robot started as a Bitcoin exchanging bot. In any case, it can now withal be designed to exchange different digital currencies, for example, Ethereum and Litecoin. The bot is accessible as a product and should be downloaded and keep running on your neighborhood machine. This betokens the exchanges will be executed just as long as you keep your PC turned on. The bot can effortlessly work with a few digital money trades and is by and large broadly utilized even today. The bot isn't accessible free of expense and costs you a premium. The cost of the bot ranges from $19.99 every month for the principal plan. In any case, clients usually buy the platinum plan that costs just $399 one time charge and offers utilizer unlimited access to every one of the highlights.
The benefits made by individuals using this bot verbalizes for itself. Supplementally, they do offer a 60-days mazuma back assurance. Along these lines, you should look at them once.
  1. USI Tech
This can't be considered as a bot. In any case, the USI tech BTC settlement promises mechanized benefits for your BTC speculations. The USI Tech was at first intended for Forex exchanging. In any case, after the raise of the ubiquity of Bitcoin, they additionally offer BTC bundles. Not at all like some other BTC exchanging bot where you require to give the API key of your trade account to execute exchanges, on USI Tech, you will require to winnow from among the few BTC master exchanges. At that point, you will begin accepting your segment of benefits at whatever point exchange is made.
The USI Tech stage basically ensures extraordinary comes back to your speculations. The entire procedure of purchasing your absolute first BTC bundle is withal simple and pellucidly elucidated on their site. You can explore different avenues regarding the benefits that you gain. In any case, the number of bundles you purchase, the more dominant will be your benefit
  1. Margin.De (Leonardo Bot)
Edge LeonardobotThis is a cryptographic money exchanging bot with the most utilizer-genial interface. The GUI of the bot is easy to use, and the highlights gave are extremely puissant. The bot was structured with two exchanging techniques ping pong and Margin exchanging actualized into it. In any case, you can withal modify it with your very own custom settings. This bot lays incredible complement on the visual parts of exchanging. The specialized examination done by the bot is immensely simple to break down. What more? The bot has an astonishing component called visual exchanging. This interface feels rich smooth to use and offers clients the most extreme authority over the exchanges.
The bot was at first evaluated at 0.5 BTC consistently. Notwithstanding, presently, it is accessible at a one-time cost extending from $89 to $1999 with the most elevated arrangement offering a bigger number of highlights than th
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ethtrader Glossary of Terms

I recently introduced a friend to our humble, little subreddit and they quickly pointed out that the language spoken here did not appear to be English. I suppose we do toss around a fair amount of acronyms, memes, and slang. I put together a quick glossary of terms for them and figured I should post it here in case any other new ethtraders can benefit from it:

Trading Related:

Crypto-currency related, but not really specific to Ethereum:

Terms more specific to Ethereum

Memes:

Any mistakes I made? Any terms you would add?
submitted by Basoosh to ethtrader [link] [comments]

Tools Menu and Asset Search

Tools Menu and Asset Search
Did you know you can get free portfolio tracking across 12 exchanges through Cryptowatch? Create an account to track your portfolio and save your settings across sessions and track your portfolio. Trading through the interface starts at just $10 month.
On to what we shipped this week:

New Analysis Tools Menu

As new indicators and overlays for charts are constantly created, we want to ensure Cryptowatch helps you access these new perspectives on the market. Today, we’re excited to debut a new Analysis Tools menu on our charts to help you select, configure, and learn about all the tools on our platform. All the Indicators and Overlays you know and love have now moved to this one menu, between the candle settings and the pencil icon.
https://preview.redd.it/p3umnvhyn2u21.png?width=1442&format=png&auto=webp&s=d150afa619f8d6700fd1ce0c19f01fd0edd6325a
We heard you wanted more customization of your charts, so from within the Analysis Tools menu you can now:
  1. Alter the style of each tool - like the colors of the lines for Bollinger Bands
  2. Change the price input of a tool - like creating an EMA with the High prices of each candle instead of Close
Finding tools will now be easier as the list grows: search from the top of the menu, ‘favorite’ any tool with the star, and filter the list by Type or Category (like Momentum and Volatility) from within the Filters menu next to the search bar.
Finally, tools are useless if misunderstood - so we’ve included a description of each tool, a visual example, and the corresponding calculation under the Info tab that reveals itself when a tool is selected in the menu.
Change can be daunting, we know - but we think you'll find this new menu not only easier to use, but more helpful for discovering new perspectives on the market. Play around with it and let us know what you think.

Asset Search and Watchlist

When you go to an asset page like Bitcoin's, you'll now see a dropdown of all the assets in the platform. Search, save, and learn more about all the coins and cryptos at your disposal.

Asset Selector closed
Asset Selector opened!

Available Funds Everywhere

The available funds indicator you know from Portfolio is now visible in the trading panel to give you a better idea of the balances at your disposal while trading any market.

https://preview.redd.it/qssjdw9ao2u21.png?width=704&format=png&auto=webp&s=fe7d043351434c3a0012e27936ebe8f8f6548131

Want to work with us?

Check out our careers page for the latest listings. If you want a head start, show us what you can do with some of our public APIs. Our new WebSocket API is currently in beta and free for now - try it out by emailing your Cryptowatch username to [[email protected].](mailto:[email protected].)

Trading via APIs?

Try streaming trade data from 25 exchanges with Cryptowatch WebSockets API - just email us your username at [[email protected]](mailto:[email protected]) to get started.
submitted by kraken-evan to cryptowatch [link] [comments]

WolfpackBOT Token

WolfpackBOT is a trading software with and advanced technology which can execute trades in a flash speed via the use of trading algorithms, configurations, and proprietary trading analysis. This platform has several functions such as live price scanning on user’s position, handling of partial fills with ease and display of all trading candles including one minute candles.
WolfpackBOT trading software is unique from other trading bots because it has a high level API key protection in which users has a full control and local management of their API keys.
The Wolfcoin blockchain and arrange are both structured and designed to guarantee store of significant worth, value-based speed and security, and fungibility. The principle objective of the Wolfcoin blockchain is to encourage quick and secure exchanges with an administration that supports the system to serve all clients.
The Wolfcoin blockchain is a two-level system involved a Proof of Work (PoW) accord instrument fueled by excavators and a Proof of Service (PoSe) framework controlled by masternodes. Miners get rewards for guaranteeing the security of the blockchain and masternodes are remunerated for encouraging the highlights of the system including Private Send and Instant Send. Wolfcoin utilizes the X11 hashing calculation and depends on the Bitcoin Core codebase form 0.12.
Features Of the WolfPackBot include.
WolfpackBOT Automated Trading Software Looking for customized settings based on your trading style? Or are you looking for a trading bot accessible to a wide range of cryptocurrency exchangers with the widest array of technical trading indicators available on the market as well as other cool features, Look no further than WolfPackBot.
WolfpackBOT is the only trading bot to feature live price scanning on your positions and also handles partial fills with ease, meaning you don’t miss out on orders. This unique bot trades at lightning speed using proprietary trading algorithms incredibly fast and can fulfill up to 10,000 trades daily depending on market conditions and subscription package. Inferior bots can't do any of this,plus they also store your API keys remotely on servers which are potentially susceptible to hacks and pump and dump attacks. WPB is the only trading bot that gives user full control with local management of their API keys.
THE WOLFCOIN
Wolfcoin is the coin that fuels all WolfpackBOT's projects. Wolfcoin is offered to users as a utility coin redeemable for WolfpackBOT subscriptions, the WolfBOX Console, and WolfpackBOT and Wolfcoin apparel and merchandise.
This utility, coupled with the reward systems and low environmental impact of a Proof of Work X11 Blockchain with mining and Masternoding capabilities, makes the use of Wolfcoin potentially appealing to all WolfpackBOT users whom are interested in receiving additional Wolfcoin for subscriptions, merchandise and other rewards.
Learn more about "WolfpackBot" Token,
Website: https:// www.wolfpackbot.com
Whitepaper: https:// www.wolfpackbot.com/Pdf/whitepaper_en.pdf
Medium: https:// www.medium.com/@WolfpackBOT
BNTYOX USER NAME : Sun12
submitted by Signal693 to ICOAnalysis [link] [comments]

The intelligent investors guide to cryptocurrency: Part 3b - Pricing and liquidity

*Introductions: I'm joskye. A cryptocurrency investor and SDC holder. *
...
Hi again. This is the third part in our ongoing series on how to trade better and determine intelligent investments in cryptocurrency for the future.
Part 3b continues where I left off with a discussion about price metrics specifically, what determines the price and the importance of liquidity:
...
The day traders:
As I mentioned in my previous article, as of writing almost every cryptocurrency is determined purely by speculative value.
Thus the absolute price of a given cryptocurrency is determined solely by the day traders and specifically the last price it was agreed that currency would be sold at with confirmation of that price by a buyer who bought it.
People say lots of things determine the price; marketcap, liquidity, value proposition, revenues generated by the coin, the number of said coin in circulation but ultimately it comes down to the number of buyers and number of sellers competing for that coin.
Perhaps the other thing is the size of said market relative to the money held by the players in it.
For instance in cryptocurrency Bitcoin is still the biggest player in the game. It carries a per unit price of $900 per coin. There are currently 16,090,137 (16 million) coins in circulation giving it a total marketcap value of [$900 x 16090137 =] $14481123300 or 14.48 billion USD.
Shadowcash looks even more meagre compared to the total cryptocurrency marketcap with only 0.048% of the total cryptocurrency sphere.
To any Shadowcash holders despairing at this point, relax. There are over 707 cryptocurrencies trading as of writing and SDC holds the 27th ranking in terms of market cap. In such a competitive field, filled with scams that's pretty good. Moreso when you consider that SDC is a legitimate technology and is currently probably very undervalued.
...
Lets look at the rich list for bitcoin:
Why did I just talk about this?
In cryptocurrency I see this happening on the markets all the time. Indeed market manipulation effects every single cryptocurrency eventually.
...
Market manipulation!
Large holders of valuable, high marketcap coins will often make multiple small volume purchases of less valuable, low marketcap coins. Often this will follow announcements regarding developments in that low marketcap coin.
Low volume buying in a market with low daily trading volume can gradually drive up the price attracting an influx of buyers into that coin; often they will make larger volume purchases of it which helps drive up the price much further. This will trigger a further chain of buyers experiencing FOMO (fear of missing out, detailed in Part 2) who will drive up the price even further. The price will pump. Often will smaller cap cryptocurrencies this may result in a sudden 20, 40, 60 or even +100% increase in value often over a very short time space (1-2 days, 1-2 weeks maximum).
The only way to discern if the sudden rise in coin value is due to pre-rigged market manipulation is to look at:
You are looking for organic, gradual growth based on a solid value proposition. Sudden large spikes in value should make you pause and wonder if it's worth waiting for a gradual correction (organic drop) in price before entering your buy order.
Do not fall for a pump and dump. Stick to the lessons covered in previous parts of this guide (especially part 3a and 2) and you will be much less likely to lose money in the long run trading and investing in cryptocurrencies.
...
The pattern of change on daily trading volume, the order book and liquidity:
Lets look at SDC and Bitcoin again. This time we are going to compare the daily trading volume (last 24 hours) in USD.
I'd just like to use this opportunity to point out and reinforce the idea that day traders not holders dictate the daily price of an asset. I'd also like to point out daily global trading volume on Forex is $4800 billion which makes Bitcoin a very small fish in the broader arena of global finance and trade i.e. Bitcoin is still very vulnerable to all the price manipulation tactics and liquidity issues I am going to be describing in this article by bigger players with richer pockets.
The daily trading volume also gives you an idea of how much fiat currency you can invest into a given cryptocurrency before you suddenly shift the price.
A sudden rise in coin price heavily out of proportion to the rise in daily trading volume should be the first sign to alert you to a pump & dump scam.
Daily trading volume should show a steady increase over time with sustained buy support at new price levels; this is a good marker of organic, sustainable growth.
...
For more detail you can now look at the depth chart:
The depth chart is very useful to know how much fiat currency is required to cause the spot price of a given cryptocurrency to rise or fall by a given amount.
NB the price of most cryptocurrencies is expressed in Bitcoin because it has the largest market cap and daily trading volume of all cryptocurrencies by a very large margin and because with a few exceptions (Ethereum, Monero) most cryptocurrencies do not have routes to directly purchase via fiat currency without first purchasing Bitcoin.
Liquidity is super important. People often complain about a market lacking liquidity but that is often because they are trading in fiat volumes which far exceed the daily trading fiat volumes of the cryptocurrency they are referring to. If you are investing or trading in a cryptocurrency, always factor in the your personal liquidity and need for liquidity relative to that of the cryptocurrency you are investing in. In other words don't expect to make a profit next day selling 'cryptocurrency x' if the size your single buy order composes >90% of the buy orders on the market for 'cryptocurrency x' that day (indeed in such a scenario be very prepared to sell at a loss next day if you absolutely have to)!
There are certain patterns on a depth chart that make me believe a significant, sustained price rise is imminent: One example occurs when there is a very large volume of buy orders (>25% of total buy volume within 5% of current price) very close to the current (spot) price, and a very large number of sell orders close to but significantly above the spot price (approx 25% total sell volume within 10% of current price) and especially if the total buy order volume is a significantly higher percentage than it has previously been. This simply indicates high demand at current price which may soon outstrip supply. Again I stress that these patterns can be manipulated easily by wealthy traders.
...
The order book is another way of looking at the depth chart and allows you to see the specific transactions occurring that compose daily trading volume by the second!
I find it useful because it allows me to identify:
...
The price charts:
Discussions about price charts could be endless. I'm not going to go into too much detail, mostly because I'm an investor who believes the value proposition, good consistent development, decent marketing and communications will ultimately trump spot prices and adverse (or positive) short term price trends in the future.
...
The news cycle:
...
Other interesting points: The 'coin x' scenario and the ridiculousness of marketcap:
'Coin X' is an imaginary hypothetical coin. There are only 10 in circulation. It has no value proposition beyond it's speculative value i.e. it will never generate a revenue independent of it's speculative value.
I'd like to point out the similarities between ZCash and 'coin x' (especially during it's launch).
...
Lessons:
...
Finally why am I writing this?
I mean I just spoke openly about how SDC and indeed any cryptocurrencies (or purely speculative assets) price can be manipulated in the short term.
Well SDC has an incredible value proposition that could generate and attract large amounts of non-speculative fiat currency into it's ecosystem. I already covered that in part 3a (https://www.reddit.com/Shadowcash/comments/5lhh6m/the_intelligent_investors_guide_to_cryptocurrency/).
For this reason I think the short term speculative pump and dumps in SDC will eventually be replaced by a more sustained, larger buy support. I suspect this will occur when the marketplace is released and certain other announcements are released.
For this reason I declare my opinion that Shadowcash is the best cryptocurrency investment of 2016 and I believe it will be again by March 2017.
...
References:
1. Coinmarketcap rankings: https://coinmarketcap.com/all/views/all/ 2. Coinmarketcap daily trading volumes https://coinmarketcap.com/currencies/volume/24-hou 3. Bitinfocharts - Top 100 Richest Bitcoin addresses: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html 4. Crypto ID - Shadowcash Rich list: https://chainz.cryptoid.info/sdc/#!rich 
...
Disclaimer: All prices and values given are as of time of writing (Midday 08-Jan-2016). I am not responsible for your financial decisions, nor am I advising you take a particular financial position. Rather I am sharing my experiences and hoping you form your own opinions and insights from them. Full disclosure: I have long positions in Ethereum (ETH), Shadowcash (SDC), ICONOMI (ICN), Augur (REP) and Digix (DGD).
submitted by joskye to Shadowcash [link] [comments]

The intelligent investors guide to cryptocurrency: Part 3b - Pricing and liquidity

*Introductions: I'm joskye. A cryptocurrency investor and holder. *
...
 
Hi again. This is the third part in our ongoing series on how to trade better and determine intelligent investments in cryptocurrency for the future.
 
 
Part 3b continues where I left off with a discussion about price metrics specifically, what determines the price and the importance of liquidity:
...
 
The day traders:
 
As I mentioned in my previous article, as of writing almost every cryptocurrency is determined purely by speculative value.
 
 
For instance in cryptocurrency Bitcoin is still the biggest player in the game. It carries a per unit price of $900 per coin. There are currently 16,090,137 (16 million) coins in circulation giving it a total marketcap value of [$900 x 16090137 =] $14481123300 or 14.48 billion USD.
 
 
Shadowcash looks even more meagre compared to the total cryptocurrency marketcap with only 0.048% of the total cryptocurrency sphere.
To any Shadowcash holders despairing at this point, relax. There are over 707 cryptocurrencies trading as of writing and SDC holds the 27th ranking in terms of market cap. In such a competitive field, filled with scams that's pretty good. Moreso when you consider that SDC is a legitimate technology and is currently probably very undervalued.
...
 
Lets look at the rich list for bitcoin:
 
Why did I just talk about this?
 
In cryptocurrency I see this happening on the markets all the time. Indeed market manipulation effects every single cryptocurrency eventually.
...
 
Market manipulation!
 
Large holders of valuable, high marketcap coins will often make multiple small volume purchases of less valuable, low marketcap coins. Often this will follow announcements regarding developments in that low marketcap coin.
 
 
Low volume buying in a market with low daily trading volume can gradually drive up the price attracting an influx of buyers into that coin; often they will make larger volume purchases of it which helps drive up the price much further. This will trigger a further chain of buyers experiencing FOMO (fear of missing out, detailed in Part 2) who will drive up the price even further. The price will pump. Often will smaller cap cryptocurrencies this may result in a sudden 20, 40, 60 or even +100% increase in value often over a very short time space (1-2 days, 1-2 weeks maximum).
 
 
The only way to discern if the sudden rise in coin value is due to pre-rigged market manipulation is to look at:
 
You are looking for organic, gradual growth based on a solid value proposition. Sudden large spikes in value should make you pause and wonder if it's worth waiting for a gradual correction (organic drop) in price before entering your buy order.
 
Do not fall for a pump and dump. Stick to the lessons covered in previous parts of this guide (especially part 3a and 2) and you will be much less likely to lose money in the long run trading and investing in cryptocurrencies.
...
 
The pattern of change on daily trading volume, the order book and liquidity:
 
Lets look at SDC and Bitcoin again. This time we are going to compare the daily trading volume (last 24 hours) in USD.
 
 
I'd just like to use this opportunity to point out and reinforce the idea that day traders not holders dictate the daily price of an asset. I'd also like to point out daily global trading volume on Forex is $4800 billion which makes Bitcoin a very small fish in the broader arena of global finance and trade i.e. Bitcoin is still very vulnerable to all the price manipulation tactics and liquidity issues I am going to be describing in this article by bigger players with richer pockets.
 
 
The daily trading volume also gives you an idea of how much fiat currency you can invest into a given cryptocurrency before you suddenly shift the price.
 
 
A sudden rise in coin price heavily out of proportion to the rise in daily trading volume should be the first sign to alert you to a pump & dump scam.
 
Daily trading volume should show a steady increase over time with sustained buy support at new price levels; this is a good marker of organic, sustainable growth.
...
 
For more detail you can now look at the depth chart:
 
The depth chart is very useful to know how much fiat currency is required to cause the spot price of a given cryptocurrency to rise or fall by a given amount.
 
NB the price of most cryptocurrencies is expressed in Bitcoin because it has the largest market cap and daily trading volume of all cryptocurrencies by a very large margin and because with a few exceptions (Ethereum, Monero) most cryptocurrencies do not have routes to directly purchase via fiat currency without first purchasing Bitcoin.
 
Liquidity is super important. People often complain about a market lacking liquidity but that is often because they are trading in fiat volumes which far exceed the daily trading fiat volumes of the cryptocurrency they are referring to. If you are investing or trading in a cryptocurrency, always factor in the your personal liquidity and need for liquidity relative to that of the cryptocurrency you are investing in. In other words don't expect to make a profit next day selling 'cryptocurrency x' if the size your single buy order composes >90% of the buy orders on the market for 'cryptocurrency x' that day (indeed in such a scenario be very prepared to sell at a loss next day if you absolutely have to)!
 
 
There are certain patterns on a depth chart that make me believe a significant, sustained price rise is imminent: One example occurs when there is a very large volume of buy orders (>25% of total buy volume within 5% of current price) very close to the current (spot) price, and a very large number of sell orders close to but significantly above the spot price (approx 25% total sell volume within 10% of current price) and especially if the total buy order volume is a significantly higher percentage than it has previously been. This simply indicates high demand at current price which may soon outstrip supply. Again I stress that these patterns can be manipulated easily by wealthy traders.
 
...
 
The order book is another way of looking at the depth chart and allows you to see the specific transactions occurring that compose daily trading volume by the second!
 
I find it useful because it allows me to identify:
 
...
 
The price charts:
 
Discussions about price charts could be endless. I'm not going to go into too much detail, mostly because I'm an investor who believes the value proposition, good consistent development, decent marketing and communications will ultimately trump spot prices and adverse (or positive) short term price trends in the future.
...
 
The news cycle:
 
...
 
Other interesting points: The 'coin x' scenario and the ridiculousness of marketcap:
 
'Coin X' is an imaginary hypothetical coin. There are only 10 in circulation. It has no value proposition beyond it's speculative value i.e. it will never generate a revenue independent of it's speculative value.
 
 
I'd like to point out the similarities between ZCash and 'coin x' (especially during it's launch).
...
 
Lessons:
 
 
...
 
References:
1. Coinmarketcap rankings: https://coinmarketcap.com/all/views/all/ 2. Coinmarketcap daily trading volumes https://coinmarketcap.com/currencies/volume/24-hou 3. Bitinfocharts - Top 100 Richest Bitcoin addresses: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html 4. Crypto ID - Shadowcash Rich list: https://chainz.cryptoid.info/sdc/#!rich 
 
...
 
Further articles in this series:
 
"The intelligent investors guide to cryptocurrency"
 
Part 0 -
Part 1 -
Part 2 -
Part 3a -
Part 3b -
Part 4 -
Part 5 -
Part 6 -
Part 7a -
 
"The intelligent investors guide to Particl -"
 
 
Full disclosure/Disclaimer: At time of original writing I had long positions in Ethereum (ETH), Shadowcash (SDC), Iconomi (ICN), Augur (REP) and Digix (DGD). All the opinions expressed are my own. I cannot guarantee gains; losses are sustainable; do your own financial research and make your decisions responsibly. All prices and values given are as of time of first writing (Midday 8th-Jan-2017).
 
Second disclaimer: Please do not buy Shadowcash (SDC), the project has been abandoned by it's developers who have moved on to the Particl Project (PART). The PARTICL crowd fund and SDC 1:1 token swap completed April 15th. You can still exchange SDC for PART but only if it was acquired prior to 15th April 2017 see: https://particl.news/a-community-driven-initiative-e26724100c3a for more information.
 
Addendum: Article updated 23-11-2017 to edit references to SDC (changed to Particl where relevant to reflect updated status) and clean up formatting.
submitted by joskye to Particl [link] [comments]

Network Value to Transactions Ratio — Cryptocurrency’s Answer to P/E

Network Value to Transactions Ratio — Cryptocurrency’s Answer to P/E
Have you ever wondered how to actually measure the true value of Bitcoin? Wouldn’t it be useful information to know that Ethereum is currently under-priced and potentially about to skyrocket in value? Perhaps you are looking to sell a handful of Ripple for Bitcoin, but don’t know if it’s the right time yet. In traditional finance, there are established tools to provide insight into making these decisions in traditional stocks, but those same tools don’t typically relate or apply to crypto.
How NVT Works as a Valuation Metric
The Network Value to Transactions Ratio, or “NVT”, provides us with insight into how to assign fair value to coins in an industry where doing so can be tediously difficult, if not impossible. It is one of the key measures that analysts and proactive investors are currently using to gauge and appropriately value cryptoassets. Willy Woo, the creator of this insightful metric, has some fascinating insight into the importance of NVT as a primary ratio to follow in cryptocurrency on his site. He goes on to say:
“When Bitcoin’s NVT is high, it indicates that its network valuation is outstripping the value being transmitted on its payment network. This can happen when the network is high growth and investors are valuing it as a high return investment, or alternatively when the price is in an unsustainable bubble.”
NVT is a way to equivalently compare unknown intrinsic values of cryptocurrencies. When we look at how the NVT line relates to its normal range, we can gauge when Bitcoin is becoming overvalued or undervalued. In an interview a year ago, Woo said:
“We didn’t know how to value internet stocks in the 1990’s. P/E ratios were through the roof and people didn’t understand zero marginal cost of companies. …In Bitcoin, we know the transaction throughput, but we don’t know its earnings as it is not a company. It’s the closest proxy we have to it. That’s all it is really. If Bitcoin was a payment company, let’s measure how much throughput it has, to its valuation.”
Most successful traditional stock investors are familiar with the Price-Earnings (P/E) ratio. Put simply, by dividing a company’s current market price by its current earnings per share, the P/E ratio allows investors to gauge a stock’s growth potential. More importantly, it can provide insight into whether a company is undervalued, fairly valued, or overvalued based on its current market position.
How to Calculate NVT
Let’s take a look at this formula in greater detail:NVT = Network Value / Daily Transaction ValueThis calculation is straightforward, only needs two variables to solve, and provides us with a telling number if we compare it to an individual coin’s own historic values or to other coin’s values over the same timeframe.Let’s do a quick sample with Bitcoin, using June 10, 2018 as an example. Here are some metrics from Coinmetrics:
As we can see, dividing Bitcoin’s market cap value by its transaction volume for just this 24-hour period, we get an NVT value of 17.86. Wonderful.Now, let’s give that number some actual meaning. How does an NVT of 17.86 on one particular day compare to the all-time average historical NVT ratio of Bitcoin? Note — this data begins with its first full month of data in May 2013:
\ Note that for the most precise statistical evaluation, the average NVT is being calculated as the median value among roughly six years worth of Bitcoin data.*We can see that the overall median NVT for all individual Bitcoin daily data from CoinMetrics is roughly 13.70, which makes the 17.86 NVT value we found in our calculation for June 10, 2018 a moderate 30.4% above its average historical rate.
How to Interpret NVT
If we are looking to buy, we would want to see a higher transaction volume compared to market cap, as this would indicate there is a convincingly significant amount of utility (transactions) currently being used in the world.With our Bitcoin example, we can see that June 10th did not have the transaction volume we would want to see with the current market cap levels. Therefore, this value would be an indicator that the price of $7,499.55 was overvalued. Remember, this was only one specific day, and these numbers can vary drastically on a day to day basis compared to daily price shifts.It is worth mentioning that, here at Samsa, we are getting our statistics from CoinMetrics, which has a disclaimer on their website’s FAQ:
“…other estimates of NVT are done only for Bitcoin, and use blockchain.info’s estimate volume, other than very straightforward exclusions. Thus Blockchain.info has an estimate of USD volume transmitted on chain that’s 5–6 times lower than ours, resulting in a higher NVT.”
It is worth taking note of this delta, as Woo’s website will often have Bitcoin NVT values averaging triple digits, while Samsa’s calculations are significantly lower. Either data source is acceptable, and proportionally the lines over time in either analysis should ebb and flow similarly.When creating this model for Bitcoin, there were plenty of things I had to factor in during the process of putting it together, as well as plenty of things I noticed after it was completed:
Advantages To Using NVT
There is no perfect solution to accurately value cryptoassets that have no real company representation, balance sheets, or quarterly earnings reports. However, there are a couple reasons for using NVT as a metric:
Don’t Forget — It Is Still Crypto
Of course, there are several pieces of news over the years that have historically contributed to the monthly rises and falls of Bitcoin’s price. And no matter how much we here at Samsa love the Network Value to Transactions ratio, it is not the sole metric of value. There will be occasions where NVT will completely fail as a reliable indicator for a coin’s price, particularly on a short-term timeframe.Because cryptocurrency’s value is so heavily influenced by human speculation, it can be extremely difficult to rely on a mathematical ratio to predict a price line that is essentially controlled exclusively by its investors. Anyone who depends solely on the NVT ratio, MACD and RSI indicators, Bollinger Band signals, or any other individual metric as a sole indicator for price direction without understanding the risk involved or weighing other fundamental factors, has a high likelihood of eventually failing as a trader.We view NVT as a very useful supplementary research aid when investing. The metric is not an end-all, be-all key to easily buy low and sell high for easy profits, but we’ve seen evidence that the NVT line has preceded many major market price shifts in both directions. And when we see evidence of a ratio that, more often than not, has a strong long-term correlation to price and often foreshadows the direction of future price (on a long-term basis), it is a fundamental metric worth not only understanding, but paying serious attention to.
This article and related content is for informational purposes only. It should not be considered investment advice, and you should consult a financial advisor and do your own research and due diligence prior to making any investments. Where securities or commodities are referenced, it is only for illustrative purposes only, and does not imply any position on securities or commodities classification. To the extent that Samsa services are offered or discussed, those services are available only for Samsa whitelisted assets only.
submitted by SamsaPlatform to Samsa_ai [link] [comments]

Technical Analysis Weekly Review: 5. Momentum & Volatility

Technical Analysis Weekly Review by ClydeMachine

Previous Week's Post:
4. Moving Averages & MACD
This Week:
5. Momentum & Volatility
Next Week's Post:
6. A Trading Plan, Part 1

5. Momentum & Volatility TL;DR


5. Momentum & Volatility

Let's tackle two topics this week! It's go-time!

Momentum = Acceleration or Deceleration

Momentum is the rate of change in a price over time. For our uses, we compare the current price to past prices and can calculate its rate of change thereafter. This gives us another perspective of how the security is moving rather than just the raw price movement data.
This view shows "Mom (10, close)" as our Momentum indicator, using 10-interval data based on the closing price of each interval.
Notice how the price activity and the momentum line appear very close. This is because in such events as big uptrends, like seen 07:30 and 09:00, often have increasing price, as well as an increasing rate of change. Meaning, not only is it rising fast, but it's rising faster as it goes. Similarly, the fall-off that follows starts off a fast decrease, but the rate of change decreases and the price settles around $819USD, with very low relative momentum.
Momentum lines will not necessarily follow a price line! They track changes in the price, not the price itself. If a price is rising at a consistent rate, the momentum line may show no change - because the rate of change is staying constant. Watch for this mistake in your own trading plan.
If the momentum line is flatlined, that means the price is no accelerating nor decelerating - this can still occur when the price is changing, so long as it is changing the same amount every interval!
Momentum can be used as a trend reversal signal, ahead of the actual price change. To use this as a leading indicator, watch for the momentum to peak, followed by a divergence in momentum and price (I.e. the price rises as the momentum peaks and falls). This can signal a change in price trend, and can help a trader exit a position.

RSI: the Relative Strength Index

So the momentum is changing right now - if it's a leading indicator that's used to predict price trend changes, shouldn't we sell right when a rising price trend has a change of momentum direction? Not necessarily. This is where we need more information: just how fast is the change occurring? Is this a strong trend change, or a weak one that could be bucked in the next few bars?
Enter the RSI. This indicator tells us the relative speed of the change in price. It uses averages over time, and is calculated as follows:
 100 RSI = 100 - -------- 1 + RS RS = Average Gain / Average Loss 
A more in-depth explanation of its calculation can be found here on StockCharts.com.
The RSI is represented as a value between 0 and 100, and typically falls between 30 and 70. Crossing above the 70 mark indicates the security is "overbought," meaning that the price change has occurred so quickly and changed so much that it is a prime opportunity for traders to take their profit - everyone already bought their share of the pie, and will be looking to sell while the getting is good.
The RSI, spending most of its time between 30 and 70.
Similarly, a drop below 30 means the security has changed in price so fast and so far in the downward direction that most traders have already sold their shares, and the coin is now considered cheap -an opportunity for bulls to buy back in.
A major issue to be aware of with the RSI is that a security can spend a long time in overbought or oversold territory when a strong price trend is occurring. This is a key time to watch for a divergence between price movement and the RSI line, as this could be a warning of an upcoming trend change.

Volatility = Variation in Price

When we look at the volatility of a security's price, we're really looking at the changes in the expect future price range. This is to help us better plan our targets to maximize profits and minimize losses. This measure is really looking to give you an indication of the level of risk you are facing. High volatility means higher profit potential and higher loss potential, while low volatility means less potential profitability and less potential loss.
A quick note about Bitcoin volatility: lower volatility encourages merchant adoption, as fewer significant changes in currency valuation generally means it's easier to tag items at certain prices denominated in XBTs. When the valuation fluctuates a lot in periods of high volatility, it's hard to know how much a single Bitcoin will buy. For that reason, vendors are forced to value their items in a traditional, more consistently valued currency, and adjust the actual Bitcoin denominated price according to how much of the traditional currency they expect to get. Example: A vendor wants to sell an item for Bitcoin, but is unsure if today's value of 0.058 XBT will have that same buying power a month from now - so she pegs the price at $50USD and will adjust the XBT price display as the value changes. Generally speaking, high volatility is opportune for aggressive traders, and low volatility is opportune for vendors and Bitcoin believers. There's the silver lining in both situations.
Also worth noting: Generally speaking, higher volatility and trader anticipation over a new price move are linked. Excited traders make for more excited price activity - it's a real thing!
How can we use volatility to our advantage in our trading plan? By creating channels that predict a future price range, of course! We can measure volatility using standard deviation. This is a "measure of the dispersion of prices away from the average," in Barbara Rockefeller's words. The raw standard deviation isn't a terribly useful indicator on its own, and you likely won't find it in trading software - because others have built on it to make more reliable indicators, one of the most widely used being Bollinger Bands.
So let's make a roadmap.

Jump to the comments!

submitted by ClydeMachine to BitcoinMarkets [link] [comments]

[uncensored-r/CryptoCurrency] InvestAlert now tracks all Bittrex coins and tokens! 36 types of alerts for gains, losses, volati...

The following post by investalert is being replicated because the post has been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7otv27
The original post's content was as follows:
InvestAlert recently added Bitcoin, Ethereum, and all other Bittrex cryptocurrencies to monitor. In addition to U.S. stocks, fiat currencies, and precious metals, you can now use advanced technical indicators to trade cryptocurrencies more confidently. Instead of checking the markets every day and wondering when that big spike or dip might happen, take a moment to set alerts that will notify you by Email or SMS when when things move your way. Join today to start tracking Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and more with the following types of alerts:
All membership levels have access to the following types of alerts:
Gain Alerts
  • Price Rise: An Asset's Price Rises Above A Value You Specify
  • Gain Watch: An Asset's Gains are More Than a Percent You Specify
  • 52wk High: The Asset Closes at a New 52-week High
  • Recent High: The Asset Closes at a New High Over a Recent Timeframe
  • Recent High or Low: The Asset Closes at a New High or Low Over a Recent Timeframe
Loss Alerts
  • Price Drop: An Asset's Price Falls Below A Value You Specify
  • Stop Loss: An Asset's Losses are More Than a Percent You Specify
  • Recent Low: The Asset Closes at a New Low Over a Recent Timeframe
  • 52wk Low: The Asset Closes at a New 52-week Low
Date Alerts
  • Future Date: After a Date You Specify in the Future
  • Countdown: After a Number of Days, Months, or Years You Specify
Premium Memberships
In addition to the alert types listed above, premium memberships also gain access to the following types of alerts:
Gain Alerts
  • Breakout Watch: An Asset's Price Rises a Percent You Specify Above the Next Low
  • Profit Monitor: The Total Profits From an Asset Rise Above a Value You Specify
  • 52wk GainWatch: The Price of an Asset Rises a Specified Percentage Above Its 52-week Low
  • MovAvg (Above): The Price of an Asset Rises Above Its Moving Average
  • Golden Cross: The Short-term Moving Average of an Asset's Price Rises Above Its Long-term Moving Average
  • Bollinger Band (Above): The Price of an Asset Moves Above Its Upper Bollinger Band
Loss Alerts
  • Trailing Stop: An Asset's Price Falls a Percent You Specify Below the Next High
  • Loss Monitor: The Total Losses From an Asset Fall Below a Value You Specify
  • 52wk Stoploss: The Price of an Asset Falls a Specified Percentage Below Its 52-week High
  • MovAvg (Below): The Price of an Asset Falls Below Its Moving Average
  • Death Cross: The Short-term Moving Average of an Asset's Price Falls Below Its Long-term Moving Average
  • Bollinger Band (Below): The Price of an Asset Moves Below Its Lower Bollinger Band
  • Chandelier Exit: The Price Falls Below the Chandelier Line Based on its Average True Range (ATR)
Date Alerts
  • Gain Slide: An Asset Gains More Than a Percentage Calculated Between Two Range Values as the Ending Date Approaches
  • Loss Slide: An Asset Loses More Than a Percentage Calculated Between Two Range Values as the Ending Date Approaches
Volatility Alerts
  • StdDev (Above): One Standard Deviation of Asset Prices Over a Given Timeframe Rises Above a Value You Specify
  • StdDev (Below): One Standard Deviation of Asset Prices Over a Given Timeframe Falls Below a Value You Specify
  • ATR (Above): The Asset's Average True Range Over a Given Timeframe Rises Above a Value or Percentage You Specify
  • ATR (Below): The Asset's Average True Range Over a Given Timeframe Falls Below a Value or Percentage You Specify
  • ATR Breakout: The Asset's Price Rises Above a Threshold Set by the Prior Day's Closing Price Plus a Multiple of its Average True Range
  • ATR Stoploss: The Asset's Price Falls Below a Threshold Set by the Prior Day's Closing Price Minus a Multiple of its Average True Range
Momentum Alerts
  • RSI (Above): The Asset's Relative Strength Index (RSI) Rises Above a Specified Value
  • RSI (Below): The Asset's Relative Strength Index (RSI) Falls Below a Specified Value
  • RSI GoldenCross: The Short-term Relative Strength Index (RSI) Rises Above Its Long-term RSI
  • RSI DeathCross: The Short-term Relative Strength Index (RSI) Falls Below Its Long-term RSI
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

InvestAlert now tracks Bitcoin Cash! 36 types of alerts for gains, losses, volatility, and trends. Join Free.

InvestAlert recently added Bitcoin Cash and other major cryptocurrencies to monitor. In addition to U.S. stocks, fiat currencies, and precious metals, you can now use advanced technical indicators to trade cryptocurrencies more confidently. Instead of checking the markets every day and wondering when that big spike or dip might happen, take a moment to set alerts that will notify you by Email or SMS when when things move your way. Join today to start tracking Bitcoin Cash with the following types of alerts:
All membership levels have access to the following types of alerts:
Gain Alerts
Loss Alerts
Date Alerts
Premium Memberships
In addition to the alert types listed above, premium memberships also gain access to the following types of alerts:
Gain Alerts
Loss Alerts
Date Alerts
Volatility Alerts
Momentum Alerts
submitted by investalert to Bitcoincash [link] [comments]

Finally: How to properly analyse Bitcoin graph. Technical analysis being a successful trader, a boost to be a millionaire in no time available to anyone. Let's all be a millionaire in no time!

Forget Bollinger band, Fibonacci retracement and moving average indicator. The simple moving average points are traditionally succesfull, but Bitcoin is a new dimension.
Have you ever tried the minimal-points ratio technique and failed? What about the extended indicators?
Many men abuse the BOTC (bounce-off the candlestick) method but they miss the sequence of number because Bitcoin grows exponentially. Meaning: we need to use uniplanar algebra such as logarithmic and Napierian (or Naperian) algorithms to calculate the continuously compounded return.
By doing this, you are actually creating a 3D image, universed, towards a pyramid scheme with the top moving into the 4th dimension. The wormhole, as we call it, co-insists by retracting the lowest alternative universe. Inside these future movements the platform lines up with the moving pattern.
What you really need to know is: "Does the trend make the chart, or the chart make the trend?"
https://s3.amazonaws.com/tradingview/w/WRVLC4tv_mid.png
So, let's all learn this, and let's all be millionaires because you can calculate it by new modern artificial mathematics! Use it to your advantage.
Link down below!
submitted by ABTTh to Bitcoin [link] [comments]

InvestAlert now tracks all Bittrex coins and tokens! 36 types of alerts for gains, losses, volatility, and trends. Join Free!

InvestAlert recently added Bitcoin, Ethereum, and all other Bittrex cryptocurrencies to monitor. In addition to U.S. stocks, fiat currencies, and precious metals, you can now use advanced technical indicators to trade cryptocurrencies more confidently. Instead of checking the markets every day and wondering when that big spike or dip might happen, take a moment to set alerts that will notify you by Email or SMS when when things move your way. Join today to start tracking Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and more with the following types of alerts:
All membership levels have access to the following types of alerts:
Gain Alerts
Loss Alerts
Date Alerts
Premium Memberships
In addition to the alert types listed above, premium memberships also gain access to the following types of alerts:
Gain Alerts
Loss Alerts
Date Alerts
Volatility Alerts
Momentum Alerts
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08-14 03:22 - 'i've got nothing else better to do, i'm wicked smart, i've learned the fundamentals of forex and technical analysis, and i've been researching how other bots do it. / I think its worth a try, and i'm willing to gamble $100 ove...' by /u/btcnoob69 removed from /r/Bitcoin within 4-14min

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i've got nothing else better to do, i'm wicked smart, i've learned the fundamentals of forex and technical analysis, and i've been researching how other bots do it.
I think its worth a try, and i'm willing to gamble $100 over and over repeatedly until I find an algorithm/group of them that works consistently and generates a small profit. as far as stop loss orders, covering my ass was the first thing I researched...
ive got an app pulling in pricing data for bitmex, kraken, poloniex and bitfinex into a sql database and I have code that will generate simple moving averages from the data just like the charts on tradingview.
I have code that will give me awesome oscillator values from the data which also match up perfectly with the charts. I am working on calculating upper and lower limits of bollinger bands as well as relative strength index (RSI). Rsi seems pretty useless but bollinger band values, awesome oscillator values and 9/21 period simple moving averages seem to indicate reversals with striking regularity and with good accuracy.
Since I am receiving data from 4 different exchanges in real time (every 6 seconds), I can average them out and get a true market consensus from the last 6, 12, 24 seconds, whatever and eliminate one-off spikes in prices and get a nice smooth average of the 4 exchanges. the results will be weighted according to volume with the biggest exchanges (bitfinex, bitmex) being more important than the puny ones (kraken) because it makes sense the largest ones are the ones who move the market and the little ones follow along. as I write more code I can plug in more exchanges and get even higher quality data in real time and really have my finger on btc's pulse.
i'm pretty close to putting it all together into an autonomous system that trades by itself. once that is done I will start working on arbitrage and integrate it into the software so I can run bots on all the exchanges and make lightening fast deals using price differentials.
Ill probably get rekt the first few tries but ive got lots of ideas about different models from simple to complex to try. i'm also stubborn and persistent so eventually I'll get there.
Don't worry about me, this is just a hobby, I already have all the money I need to live on. But if I can get it to work, it will be even better.
'''
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How to Calculate the Bollinger Bands Indicator in Excel ... Trading Tip #3: How To Use The Bollinger Bands - YouTube 3 Minute Chart Bitcoin Scalping Strategy - Bollinger Bands ... How to Trade Bitcoin with Bollinger Bands (and other cryptocurrencies too) // trading strategy Bollinger Band Indicator Formula Explained - YouTube

Bollinger Bands are a specialized type of technical analysis tool. They are specifically a kind of trading envelope or band. The purpose of trading envelopes and bands is the same. They offer relative low and high definitions that may be used for creating rigorous approaches to trading, based on pattern recognition, and more. Usually, bands are seen as a way to measure central tendencies as a ... If you need to refresh basic rules of using the Bollinger Bands indicator, check our article explaining how does Bollinger Bands indicator work. Trading with the Bollinger Bands together with the RSI indicator at Olymp Trade. First, I would like to say a few words about candles intervals. My advice is to use a period of 5 minutes or longer ... Bollinger Bands can be an extremely valuable tool in the crypto-trading world for spotting short-term price trends in a crypto. This indicator is used to measure and visualize price volatility within a market and automatically adjust themselves based on market conditions. Price volatility is simply how much the price of an asset fluctuates. Many traders use this tool to help see if a market ... Bollinger Bands, by definition, are a technical analysis indicator that charts price and volatility over time in a financial asset such as forex currencies, stocks, or even cryptocurrencies like Bitcoin. Bollinger Bands display a graphic “band” based on price moving averages and volatility. The band widens or tightened based on volatility, and can signal that a powerful move is near. Soon the Bollinger Bands had company, I created %b, an indicator that depicted where price was in relation to the bands, and then I added BandWidth to depict how wide the bands were as a function of the middle band. For many years that was the state of the art: Bollinger Bands, %b and BandWidth. Here are a couple of practical examples of the usage of Bollinger Bands and the classic Bollinger ...

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How to Calculate the Bollinger Bands Indicator in Excel ...

What do you all think about the Bollinger Bands? Do you personally use them? Thank you all so much for watching the video. If you enjoyed the video, please c... How to Trade Bitcoin with Bollinger Bands (and other cryptocurrencies too) // trading strategy cryptocurrency tutorial technical analysis chart charts swing day ethereum litecoin ripple explained ... Video showing how to calculate Bollinger Bands using Excel. If you want to see the formulas used in this video, the accompanying article is posted: http://w... https://www.forexboat.com/ Get Your Free Membership Now! The Bollinger Band is a volatility based indicator used in Forex trading. The tool is among the most... Here's a simple scalping strategy on the 3 minute chart that I threw together. Let me know if you want to see this tested 100 times to really find out if its...

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