Crypto the Bitcoin Algorithm Charting Model Newsletter Saturday April 7, 2018. Charts for $BTCUSD $XBTUSD $BTC.X $ETH $LTC $XRP #Bitcoin 

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Bitcoin Trade: 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.

Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Bitcoin Algorithm Live Charting Link:

Algorithm model on the Daily Bitcoin Chart: Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

Bitcoin Daily chart grind down channel hitting mid quad targets. Short side wins. Apr 7 339 PM. $BTC $XBTUSD #bitcoin

Per last report, bearish short side winning as it slowly grinds down this channel hitting the mid quad decision area targets. Bearish until it changes and proves out upside quad wall breach. #Swingtrading Bitcoin down this move has been a fantastic trade. Congrats to the bears here!

https://www.tradingview.com/chart/XBTUSD/M6DBWn7U-Bitcoin-Daily-chart-grind-down-channel-hitting-mid-quad-targets/

Bitcoin, Daily, chart, algorithm, model, BTC

Bitcoin Daily chart grind down channel hitting mid quad targets. Short side wins. Apr 7 339 PM. $BTC $XBTUSD #bitcoin

Bitcoin News: No, India Has Not Banned Bitcoin Trading, Government Confirms $BTC #Bitcoin #India https://www.newsbtc.com/2018/04/07/no-india-not-banned-bitcoin-trading-government-confirms/

Per recent;

Bitcoin rejected at 200 MA is very bearish, watching support tests for bounce or down. $BTC #Bitcoin

Per last post it was trending up quad wall trend-line but 200 MA sent it down outside of quad diagonal trend-line. Watching for possible bounce.

https://www.tradingview.com/chart/XBTUSD/wqcRm9Bv-Bitcoin-rejected-at-200-MA-is-very-bearish-watching-support-tes/

Bitcoin, 200 MA, rejected, chart

Bitcoin rejected at 200 MA is very bearish, watching support tests for bounce or down. $BTC #Bitcoin

https://www.tradingview.com/chart/XBTUSD/8gZh4KI8-Bitcoin-Chart-Model-Under-200-MA-working-its-way-up-quad-TL-9/

Bitcoin Chart Model – Under 200 MA working its way up quad TL. 903 PM Mar 19. $BTC $XBTUSD #bitcoin

Bitcoin, algorithm, chart

Bitcoin Chart Model – Under 200 MA working its way up quad TL. 903 PM Mar 19. $BTC $XBTUSD #bitcoin

Per recent;

Bitcoin Chart Model – Under 200 MA under mid quad resistance. 651 PM Mar 10. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/5fKJ0Ddc-Bitcoin-Chart-Model-Under-200-MA-under-mid-quad-resistance-65/

BTC, Bitcoin, Chart, Algorithm

Bitcoin Chart Model – Under 200 MA under mid quad resistance. 651 PM Mar 10. $BTC $XBTUSD #bitcoin

Observations / Chart Indicators: Current Area of Trade:

April 7, 2018 – Bitcoin is obviously trading in downward channel on daily chart and until that becomes divergent it is a short. The daytrading model has been functioning well for both sides of trade. When divergence shows I will be alerting that aggressively.

Bitcoin Stoch RSI is trending up signalling new buy flow however MACD and SQZMOM indecisive. $BTC #indicators

Trade bias should be short until all three indicators represent consistent upward trade beyond resistance points.

https://www.tradingview.com/chart/XBTUSD/MjgMDaM8-Bitcoin-Stoch-RSI-is-trending-up-signalling-new-buy-flow-however/

Bitcoin, chart, indicators

Bitcoin Stoch RSI is trending up signalling new buy flow however MACD and SQZMOM indecisive. $BTC #indicators

Per recent;

Crypto $BTC, $ETH, $XRP, $LTC #cryptocurrency #technicalanalysis

Bitcoin MACD trending bullish with Stochastic RSI nearing top of range. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/dypnMaLI-Bitcoin-MACD-trending-bullish-with-Stochastic-RSI-nearing-top-of/

$BTC, MACD, Bitcoin, chart

Bitcoin MACD trending bullish with Stochastic RSI nearing top of range. $BTC $XBTUSD #Bitcoin

Per recent;

The squeeze momentum indicator and MACD on daily chart are still trending up but the Stochastic RSI is high and looks ready to turn FYI.

Per recent;

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD Trade against its trend at your peril (historically speaking and specifically on daily).

https://www.tradingview.com/chart/XBTUSD/uRLtBUBh-The-squeeze-momentum-indicator-direction-trend-should-be-in-cons/

SQZMOM, indicator, chart, Bitcoin

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD

Key Bitcoin Buy / Sell Price Trigger Levels:

Mar 26 – 4956.2, 5319, 5639, 5826, 6860, 7880, 8198, 9827.60, 11486.20, 11689, 12844, 13783

Bitcoin Trading Plan (misc notes as applicable)

April 7 – Mirroring what the charting and notes above is saying… until significant divergence to charting occurs to upside I’m forced to remain bearish bias and daytrade the 30 minute model primarily.

Per recent;

200 MA test on daily chart failed with possible bounce on daytrading 30 min chart…. watching… but it is under pressure.

Per recent;

March 19 – Current trade bias is long to target concluding at upward target along TL quad trendline. Watch 200 MA test and mid quad resistance test. 9757 Apr 7 target on model.

Per recent;

From here to 13700 range it seems without significant resistance. Trading bias is bullish between moving averages on chart (horizontal lines).

Daytrading Bitcoin

April 7 – Bitcoin 5.81% Daytrading 30 Min Chart above 200 MA upside target preferred. Consolidating. Apr 0.33% 7 256 PM. $BTC $XBTUSD #bitcoin

The daytrading model is showing consolidation here but in no way should a short time-frame model form a trader’s bias going forward – short term bias, but not trend directional bias.

https://www.tradingview.com/chart/XBTUSD/LzBptzub-Bitcoin-Daytrading-30-Min-Chart-above-200-MA-upside-target-prefe/

Per recent:

Mar 26 – Per above.

Bitcoin has 200 MA on 30 Min. Bullish bias to target. Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 19 917 PM. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/TV9TkSUD-Bitcoin-has-200-MA-on-30-Min-Bullish-bias-to-target-Bitcoin-Ch/

Bitcoin, daytrading, chart

Bitcoin has 200 MA on 30 Min. Bullish bias to target. Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 19 917 PM. $BTC $XBTUSD #bitcoin

Per recent;

Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 10 713 PM. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/qhnMeo0V-Bitcoin-Chart-Model-Daytrading-30-Min-Chart-Mar-10-713-PM-B/

Bitcoin, daytrading, chart, BTC, XBTUSD

Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 10 713 PM. $BTC $XBTUSD #bitcoin

Recent Bitcoin Real-Time Trade Alerts / Charting Set-up Alerts

If you are reviewing this newsletter (as a historical unlocked post) and not a member of our service and would like a tour of our private discord server (trading chat / alerts etc) or our private Twitter member $BTC alert feed let us know. You can check out our call rate for yourself. Transparent trading is important to us.

Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin

Bitcoin, realtime, trade, alert

Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin

$BTC Bitcoin popped now 400 points since alert of support. Not a bad RR here for long test. If nothing else a day trade.

Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. We start trading live again Monday so I’ll broadcast our trading group moves live for this setup. $BTC #Bitcoin #trading #crypto (alerted in private member Discord server)

Bitcoin, trading, timecycle, chart

Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. $BTC #Bitcoin #trading #crypto.png

And the result…. price is dumping in to lower target identified on trade alert…. intrad-day getting close. Charting wins. Trader bias not so good on this one.

price tragets, Bitcoin

Bitcoin did dump in to down target.

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

April 7 – Ethereum chart has consolidation also on Daily. MACD SQZMOM indecisive. $ETH

This is on watch now for a turn. Quad wall is nearing. Short side bias until chart says otherwise (symmetry breaks, upside quad wall TL is broke, MACD on daily crosses up, etc).

https://www.tradingview.com/chart/ETHUSD/x1WYYlcj-Ethereum-chart-has-consolidation-also-on-Daily-MACD-SQZMOM-inde/

ETH, Ethereum, charting, algorithm

Ethereum chart has consolidation also on Daily. MACD SQZMOM indecisive. $ETH

Ethereum News: Chile’s National Energy Commission Launches Ethereum-Based Pilot For Energy Data $ETH #Ethereum https://cointelegraph.com/news/chiles-national-energy-commission-launches-ethereum-based-pilot-for-energy-data

Per recent;

March 26 – $ETH Ethereum trading 477.50 near mid quad support test. Defined channel forming. Lost 200 MA which is technically bearish…. but this is crypto.

Indicators do not say long yet, but I can’t help but imagine a bounce soon. My trader bias is up soon…. but trade price and let’s see because crypto issues are in a downtrend.

https://www.tradingview.com/chart/ETHUSD/wbdEuVSr-ETH-Ethereum-trading-477-50-near-md-quad-support-test-Defined/

$ETH, chart, support, test

$ETH Ethereum trading 477.50 near md quad support test. Defined channel forming.

Per recent;

$ETH Ethereum -0.85% algorithmic charting model – $ETH has lost 200 MA but upside target in play.

If BTC gets the jump the chart suggests is possible then ETH should easily hit the upside target and get a jump further imo
all based on confirmed price action of course…. but I think RR is to bull side now

https://www.tradingview.com/chart/ETHUSD/rfO9yjoD-ETH-Ethereum-algorithmic-charting-model-ETH-has-lost-200-MA/

$ETH, algorithm, model

$ETH Ethereum algorithmic charting model – $ETH has lost 200 MA but upside target in play.

Per recent;

$ETH Ethereum algorithmic charting model – price responding well to model.

https://www.tradingview.com/chart/ETHUSD/evIEbwvu-ETH-Ethereum-algorithmic-charting-model-price-responding-well/

$ETH, algorithm

$ETH Ethereum algorithmic charting model – price responding well to model.

Litecoin Basic Algorithm Charting Model

April 7 – Per previous report – Litecoin will have to bounce near here if chart structure to remain in place. $LTC

Trading View chart notes copied:

Litecoin will have to bounce near here if chart structure to remain in place. $LTC

If it doesn’t bounce near up channel support (yellow diagonal line) it could run another trading quad area down very easily.

I’m bias a bounce but… price action should rule and don’t forget the 200 MA is overhead if it does bounce. That will become significant upside resistance test if price gets there.

Huge risk reward advantage here for bull side trade.

For more detail on the time cycle peaks for your trade, price targets, and support and resistance points relating to your personal trading plan contact me with any questions you have.

Best and peace!

PS Remember to trade price – if the trade goes against you it is always better to take a small loss than be married to a bad chart / stock.

Monday I will be live broadcasting this trading set-up and other chart set-ups documenting my process in detail for review w/ daily PL’s, video, charting set-ups and alerts.

https://www.tradingview.com/chart/LTCUSD/NAsEtGUs-Litecoin-likely-bounce-near-here-for-chart-structure-Chart-notes/

$LTC, chart, algorithm

Litecoin will have to bounce near here if chart structure to remain in place. $LTC

Per recent;

March 26 – $LTC Litecoin trading 144.71 testing 200 MA on daily and near channel support. Expect a bounce.

At some point between where it is trading today and the channel bottom a long side should put out a decent risk reward advantage. As with all other crypto – it is crypto so trade price confirmations and watch each support and resistance test for confirmations as you go.

https://www.tradingview.com/chart/LTCUSD/p7oWqmrf-LTC-Litcoin-trading-144-71-testing-200-MA-on-daily-and-near-cha/

$LTC Litecoin trading 144.71 testing 200 MA on daily and near channel support. Expect a bounce.

$LTC, Litecoin, Chart

$LTC Litecoin trading 144.71 testing 200 MA on daily and near channel support. Expect a bounce.

Per recent;

$LTC at 200 MA support is an obvious long side risk reward advantage bulls on algorithm model.

https://www.tradingview.com/chart/LTCUSD/SCA2gYBN-LTC-at-200-MA-support-is-an-obvious-long-side-risk-reward-advan/

$LTC, algorithm, chart, model

$LTC at 200 MA support is an obvious long side risk reward advantage bulls on algorithm model.

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

Ripple Basic Algorithm Charting Model $XRP

April 7 – Ripple trade remains non existent on Daily chart. $XRP

$XRP, Ripple, chart

Ripple trade remains non existant on Daily chart. $XRP

Per recent:

$XRP Ripple downside trend looking more probable than up in to time cycle peak.

https://www.tradingview.com/chart/XRPUSD/PKVNPr8l-XRP-Ripple-downside-trend-looking-more-probable-than-up-in-to-t/

$XRP, Ripple, chart

https://www.tradingview.com/chart/XRPUSD/PKVNPr8l-XRP-Ripple-downside-trend-looking-more-probable-than-up-in-to-t/

Per recent;

$XRP 1.64 upside target scenario if a bull run turns. If not watch out below.

https://www.tradingview.com/chart/XRPUSD/O7sBUiDC-XRP-1-64-upside-target-scenario-if-a-bull-run-turns-If-not-wat/

$XRP, algorithm, chart

$XRP 1.64 upside target scenario if a bull run turns. If not watch out below.

$XRP following 200 MA – really soft trade.

$XRP, soft, trade

$XRP following 200 MA – really soft trade.

Per recent;

$XRP still indecisive.

$XRP still indecisive.

$XRP still indecisive.

< End of report >

Any questions give us a shout anytime!

Follow Me:

Live Twitter Alert Feed for Bitcoin Trade Set-ups: @BTCAlerts_CT, Public Feed: @cryptothealgo

To Subscribe to our Crypto Services:

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Review historical (unlocked to public) Weekly Bitcoin Newsletter Algorithm Reporting. Scroll down landing page to get to historical reports.

Post topics; Crypto, chart, $BTCUSD, $XBTUSD, $BTC.X, $ETH, $LTC, $XRP, Bitcoin, trade


Crypto the Bitcoin Algorithm Charting Model Newsletter Monday March 26, 2018. Charts for $BTCUSD $XBTUSD $BTC.X $ETH $LTC $XRP #Bitcoin 

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Trade: 

Live Twitter Alert Feed for Bitcoin Trade Set-ups: @BTCAlerts_CT, Public Feed: @cryptothealgo 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.

Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

Bitcoin Algorithm Live Charting Link:

Algorithm model on the Daily Bitcoin Chart: Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

Bitcoin rejected at 200 MA is very bearish, watching support tests for bounce or down. $BTC #Bitcoin

Per last post it was trending up quad wall trend-line but 200 MA sent it down outside of quad diagonal trend-line. Watching for possible bounce.

https://www.tradingview.com/chart/XBTUSD/wqcRm9Bv-Bitcoin-rejected-at-200-MA-is-very-bearish-watching-support-tes/

Bitcoin, 200 MA, rejected, chart

Bitcoin rejected at 200 MA is very bearish, watching support tests for bounce or down. $BTC #Bitcoin

https://www.tradingview.com/chart/XBTUSD/8gZh4KI8-Bitcoin-Chart-Model-Under-200-MA-working-its-way-up-quad-TL-9/

Per recent;

Bitcoin Chart Model – Under 200 MA working its way up quad TL. 903 PM Mar 19. $BTC $XBTUSD #bitcoin

Bitcoin, algorithm, chart

Bitcoin Chart Model – Under 200 MA working its way up quad TL. 903 PM Mar 19. $BTC $XBTUSD #bitcoin

Per recent;

Bitcoin Chart Model – Under 200 MA under mid quad resistance. 651 PM Mar 10. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/5fKJ0Ddc-Bitcoin-Chart-Model-Under-200-MA-under-mid-quad-resistance-65/

BTC, Bitcoin, Chart, Algorithm

Bitcoin Chart Model – Under 200 MA under mid quad resistance. 651 PM Mar 10. $BTC $XBTUSD #bitcoin

Per recent;

Bitcoin Chart Model – Up over mid quad nearing quad wall resistance Mar 5. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/zsuMjoqf-Bitcoin-Chart-Model-Up-over-mid-quad-nearing-quad-wall-resista/

Bitcoin, daily, chart

Bitcoin Chart Model – Up over mid quad nearing quad wall resistance Mar 5. $BTC $XBTUSD #bitcoin

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Observations in the current area of trade:

Per recent;

Crypto $BTC, $ETH, $XRP, $LTC #cryptocurrency #technicalanalysis

Bitcoin MACD trending bullish with Stochastic RSI nearing top of range. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/dypnMaLI-Bitcoin-MACD-trending-bullish-with-Stochastic-RSI-nearing-top-of/

$BTC, MACD, Bitcoin, chart

Bitcoin MACD trending bullish with Stochastic RSI nearing top of range. $BTC $XBTUSD #Bitcoin

Per recent;

The squeeze momentum indicator and MACD on daily chart are still trending up but the Stochastic RSI is high and looks ready to turn FYI.

Per recent;

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD Trade against its trend at your peril (historically speaking and specifically on daily).

https://www.tradingview.com/chart/XBTUSD/uRLtBUBh-The-squeeze-momentum-indicator-direction-trend-should-be-in-cons/

SQZMOM, indicator, chart, Bitcoin

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD

Key buy / sell price trigger levels in the current area of trade are as follows:

Mar 26 – 4956.2, 5319, 5639, 5826, 6860, 7880, 8198, 9827.60, 11486.20, 11689, 12844, 13783

Bitcoin Trading Plan

200 MA test on daily chart failed with possible bounce on daytrading 30 min chart…. watching… but it is under pressure.

Per recent;

March 19 – Current trade bias is long to target concluding at upward target along TL quad trendline. Watch 200 MA test and mid quad resistance test. 9757 Apr 7 target on model.

Per recent;

From here to 13700 range it seems without significant resistance. Trading bias is bullish between moving averages on chart (horizontal lines).

Per Previous;

The 8854.20 support played out well – trading 11315.00 now with a time / price cycle peak coming in VERY SOON – Feb 22. Watch price direction really close coming out of Feb 22. Use the grey and green buy sell trigger arrows and quad walls as support and resistance decisions.

Daytrading charting on $BTC says careful with 11700.00 range resistance Feb 22.

https://www.tradingview.com/chart/XBTUSD/3afLmjs4-Daytrading-charting-on-BTC-says-carefu-with-11700-00-range-resi/

daytrade, BTC, chart

Daytrading charting on $BTC says carefu with 11700.00 range resistance Feb 22.

Daytrading Bitcoin

Mar 26 – Per above.

Bitcoin has 200 MA on 30 Min. Bullish bias to target. Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 19 917 PM. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/TV9TkSUD-Bitcoin-has-200-MA-on-30-Min-Bullish-bias-to-target-Bitcoin-Ch/

Bitcoin, daytrading, chart

Bitcoin has 200 MA on 30 Min. Bullish bias to target. Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 19 917 PM. $BTC $XBTUSD #bitcoin

Per recent;

Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 10 713 PM. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/qhnMeo0V-Bitcoin-Chart-Model-Daytrading-30-Min-Chart-Mar-10-713-PM-B/

Bitcoin, daytrading, chart, BTC, XBTUSD

Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 10 713 PM. $BTC $XBTUSD #bitcoin

Daytrader’s view of algorithm model charting on 60 minuter chart. $XBTUSD $BTC #Bitcoin

daytraders, chart, Bitcoin, algorithm, model

Daytrader’s view of algorithm model charting on 60 minuter chart. $XBTUSD $BTC #Bitcoin

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

March 26 – $ETH Ethereum trading 477.50 near mid quad support test. Defined channel forming. Lost 200 MA which is technically bearish…. but this is crypto.

Indicators do not say long yet, but I can’t help but imagine a bounce soon. My trader bias is up soon…. but trade price and let’s see because crypto issues are in a downtrend.

https://www.tradingview.com/chart/ETHUSD/wbdEuVSr-ETH-Ethereum-trading-477-50-near-md-quad-support-test-Defined/

$ETH, chart, support, test

$ETH Ethereum trading 477.50 near md quad support test. Defined channel forming.

Per recent;

$ETH Ethereum -0.85% algorithmic charting model – $ETH has lost 200 MA but upside target in play.

If BTC gets the jump the chart suggests is possible then ETH should easily hit the upside target and get a jump further imo
all based on confirmed price action of course…. but I think RR is to bull side now

https://www.tradingview.com/chart/ETHUSD/rfO9yjoD-ETH-Ethereum-algorithmic-charting-model-ETH-has-lost-200-MA/

$ETH, algorithm, model

$ETH Ethereum algorithmic charting model – $ETH has lost 200 MA but upside target in play.

Per recent;

$ETH Ethereum algorithmic charting model – price responding well to model.

https://www.tradingview.com/chart/ETHUSD/evIEbwvu-ETH-Ethereum-algorithmic-charting-model-price-responding-well/

$ETH, algorithm

$ETH Ethereum algorithmic charting model – price responding well to model.

Per recent;

$ETH Indecisive trade. #Ethereum

$ETH, chart

$ETH Indecisive trade. #Ethereum

Litecoin Basic Algorithm Charting Model

March 26 – $LTC Litecoin trading 144.71 testing 200 MA on daily and near channel support. Expect a bounce.

At some point between where it is trading today and the channel bottom a long side should put out a decent risk reward advantage. As with all other crypto – it is crypto so trade price confirmations and watch each support and resistance test for confirmations as you go.

https://www.tradingview.com/chart/LTCUSD/p7oWqmrf-LTC-Litcoin-trading-144-71-testing-200-MA-on-daily-and-near-cha/

$LTC Litecoin trading 144.71 testing 200 MA on daily and near channel support. Expect a bounce.

$LTC, Litecoin, Chart

$LTC Litecoin trading 144.71 testing 200 MA on daily and near channel support. Expect a bounce.

Per recent;

$LTC at 200 MA support is an obvious long side risk reward advantage bulls on algorithm model.

https://www.tradingview.com/chart/LTCUSD/SCA2gYBN-LTC-at-200-MA-support-is-an-obvious-long-side-risk-reward-advan/

$LTC, algorithm, chart, model

$LTC at 200 MA support is an obvious long side risk reward advantage bulls on algorithm model.

Per recent;

$LTC bounced off 200 MA support under mid quad targeting lower price target on algorithm model.

https://www.tradingview.com/chart/LTCUSD/mngOsEfB-LTC-bounced-off-200-MA-support-under-mid-quad-targeting-lower-p/

$LTC, Algorithm, model, chart

$LTC bounced off 200 MA support under mid quad targeting lower price target on algorithm model.

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

Ripple Basic Algorithm Charting Model

$XRP Ripple downside trend looking more probable than up in to time cycle peak.

https://www.tradingview.com/chart/XRPUSD/PKVNPr8l-XRP-Ripple-downside-trend-looking-more-probable-than-up-in-to-t/

$XRP, Ripple, chart

https://www.tradingview.com/chart/XRPUSD/PKVNPr8l-XRP-Ripple-downside-trend-looking-more-probable-than-up-in-to-t/

Per recent;

$XRP 1.64 upside target scenario if a bull run turns. If not watch out below.

https://www.tradingview.com/chart/XRPUSD/O7sBUiDC-XRP-1-64-upside-target-scenario-if-a-bull-run-turns-If-not-wat/

$XRP, algorithm, chart

$XRP 1.64 upside target scenario if a bull run turns. If not watch out below.

$XRP following 200 MA – really soft trade.

$XRP, soft, trade

$XRP following 200 MA – really soft trade.

Per recent;

$XRP still indecisive.

$XRP still indecisive.

$XRP still indecisive.

Ripple has gone quiet – isn’t chasing time price peaks. $XRP basic algorithm chart model. Feb 20 642 PM $XRPUSD

Ripple, XRP, chart

Ripple has gone quiet – isn’t chasing time price peaks. $XRP basic algorithm chart model. Feb 20 642 PM $XRPUSD

 

< End of report >

Any questions give us a shout anytime!

Post topics; Crypto, chart, $BTCUSD, $XBTUSD, $BTC.X, $ETH, $LTC, $XRP, Bitcoin, trade


Crypto the Bitcoin Algorithm Charting Model Newsletter Monday March 19, 2018. Charts for $BTCUSD $XBTUSD $BTC.X $ETH $LTC $XRP #Bitcoin 

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Trade: 

Live Twitter Alert Feed for Bitcoin Trades: @BTCAlerts_CT, Public Feed @cryptothealgo 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.

Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

Bitcoin Algorithm Live Charting Link:

Algorithm model on the Daily Bitcoin Chart: Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

https://www.tradingview.com/chart/XBTUSD/8gZh4KI8-Bitcoin-Chart-Model-Under-200-MA-working-its-way-up-quad-TL-9/

Bitcoin Chart Model – Under 200 MA working its way up quad TL. 903 PM Mar 19. $BTC $XBTUSD #bitcoin

Bitcoin, algorithm, chart

Bitcoin Chart Model – Under 200 MA working its way up quad TL. 903 PM Mar 19. $BTC $XBTUSD #bitcoin

Per recent;

Bitcoin Chart Model – Under 200 MA under mid quad resistance. 651 PM Mar 10. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/5fKJ0Ddc-Bitcoin-Chart-Model-Under-200-MA-under-mid-quad-resistance-65/

BTC, Bitcoin, Chart, Algorithm

Bitcoin Chart Model – Under 200 MA under mid quad resistance. 651 PM Mar 10. $BTC $XBTUSD #bitcoin

Per recent;

Bitcoin Chart Model – Up over mid quad nearing quad wall resistance Mar 5. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/zsuMjoqf-Bitcoin-Chart-Model-Up-over-mid-quad-nearing-quad-wall-resista/

Bitcoin, daily, chart

Bitcoin Chart Model – Up over mid quad nearing quad wall resistance Mar 5. $BTC $XBTUSD #bitcoin

Per recent;

https://www.tradingview.com/chart/XBTUSD/CeyXfkmg-Next-time-price-cycle-peaks-Feb-22-careful-on-other-side-B/

Bitcoin hit buy sell trigger support 5895 early (green arrow) then mid trigger early (gray) and 13790 in sight Feb 22. $BTC $XBTUSD

$BTC, Bitcoin, Daily, Chart, Time, Price, Cycle

Bitcoin hit buy sell trigger support 5895 early (green arrow) then mid trigger early (gray) and 13790 in sight Feb 22. $BTC $XBTUSD

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Observations in the current area of trade:

Per recent;

Crypto $BTC, $ETH, $XRP, $LTC #cryptocurrency #technicalanalysis

Bitcoin MACD trending bullish with Stochastic RSI nearing top of range. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/dypnMaLI-Bitcoin-MACD-trending-bullish-with-Stochastic-RSI-nearing-top-of/

$BTC, MACD, Bitcoin, chart

Bitcoin MACD trending bullish with Stochastic RSI nearing top of range. $BTC $XBTUSD #Bitcoin

Per recent;

The squeeze momentum indicator and MACD on daily chart are still trending up but the Stochastic RSI is high and looks ready to turn FYI.

Per recent;

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD Trade against its trend at your peril (historically speaking and specifically on daily).

https://www.tradingview.com/chart/XBTUSD/uRLtBUBh-The-squeeze-momentum-indicator-direction-trend-should-be-in-cons/

SQZMOM, indicator, chart, Bitcoin

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD

Key buy / sell price trigger levels in the current area of trade are as follows:

See above.

Per previous;

9882, 13772, 17776, 21736, 25684.

Bitcoin Trading Plan

March 19 – Current trade bias is long to target concluding at upward target along TL quad trendline. Watch 200 MA test and mid quad resistance test. 9757 Apr 7 target on model.

Per recent;

From here to 13700 range it seems without significant resistance. Trading bias is bullish between moving averages on chart (horizontal lines).

Per Previous;

The 8854.20 support played out well – trading 11315.00 now with a time / price cycle peak coming in VERY SOON – Feb 22. Watch price direction really close coming out of Feb 22. Use the grey and green buy sell trigger arrows and quad walls as support and resistance decisions.

Daytrading charting on $BTC says careful with 11700.00 range resistance Feb 22.

https://www.tradingview.com/chart/XBTUSD/3afLmjs4-Daytrading-charting-on-BTC-says-carefu-with-11700-00-range-resi/

daytrade, BTC, chart

Daytrading charting on $BTC says carefu with 11700.00 range resistance Feb 22.

Daytrading Bitcoin

Bitcoin has 200 MA on 30 Min. Bullish bias to target. Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 19 917 PM. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/TV9TkSUD-Bitcoin-has-200-MA-on-30-Min-Bullish-bias-to-target-Bitcoin-Ch/

Bitcoin, daytrading, chart

Bitcoin has 200 MA on 30 Min. Bullish bias to target. Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 19 917 PM. $BTC $XBTUSD #bitcoin

Per recent;

Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 10 713 PM. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/qhnMeo0V-Bitcoin-Chart-Model-Daytrading-30-Min-Chart-Mar-10-713-PM-B/

Bitcoin, daytrading, chart, BTC, XBTUSD

Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 10 713 PM. $BTC $XBTUSD #bitcoin

Daytrader’s view of algorithm model charting on 60 minuter chart. $XBTUSD $BTC #Bitcoin

daytraders, chart, Bitcoin, algorithm, model

Daytrader’s view of algorithm model charting on 60 minuter chart. $XBTUSD $BTC #Bitcoin

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

$ETH Ethereum -0.85% algorithmic charting model – $ETH has lost 200 MA but upside target in play.

If BTC gets the jump the chart suggests is possible then ETH should easily hit the upside target and get a jump further imo
all based on confirmed price action of course…. but I think RR is to bull side now

https://www.tradingview.com/chart/ETHUSD/rfO9yjoD-ETH-Ethereum-algorithmic-charting-model-ETH-has-lost-200-MA/

$ETH, algorithm, model

$ETH Ethereum algorithmic charting model – $ETH has lost 200 MA but upside target in play.

Per recent;

$ETH Ethereum algorithmic charting model – price responding well to model.

https://www.tradingview.com/chart/ETHUSD/evIEbwvu-ETH-Ethereum-algorithmic-charting-model-price-responding-well/

$ETH, algorithm

$ETH Ethereum algorithmic charting model – price responding well to model.

Per recent;

$ETH Indecisive trade. #Ethereum

$ETH, chart

$ETH Indecisive trade. #Ethereum

Per recent;

It seems the buy sell triggers (green arrows) are best. Ethereum Daily Chart Algorithmic Model. $ETH #crypto

https://www.tradingview.com/chart/ETHUSD/qxnGriAw-It-seems-the-buy-sell-triggers-green-arrows-are-best-Ethereum/

Ethereum, $ETH, Daily, Chart

It seems the buy sell triggers (green arrows) are best. Ethereum Daily Chart Algorithmic Model. $ETH #crypto

Litecoin Basic Algorithm Charting Model

$LTC at 200 MA support is an obvious long side risk reward advantage bulls on algorithm model.

https://www.tradingview.com/chart/LTCUSD/SCA2gYBN-LTC-at-200-MA-support-is-an-obvious-long-side-risk-reward-advan/

$LTC, algorithm, chart, model

$LTC at 200 MA support is an obvious long side risk reward advantage bulls on algorithm model.

Per recent;

$LTC bounced off 200 MA support under mid quad targeting lower price target on algorithm model.

https://www.tradingview.com/chart/LTCUSD/mngOsEfB-LTC-bounced-off-200-MA-support-under-mid-quad-targeting-lower-p/

$LTC, Algorithm, model, chart

$LTC bounced off 200 MA support under mid quad targeting lower price target on algorithm model.

Per recent;

$LTC target 287.50 on bullish scenario. Trading in channel. #Litecoin

https://www.tradingview.com/chart/LTCUSD/jLU3JcSN-LTC-target-287-50-on-bullish-scenario-Trading-in-channel-Lit/

$LTC, chart

$LTC target 287.50 on bullish scenario. Trading in channel. #Litecoin

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

Ripple Basic Algorithm Charting Model

$XRP 1.64 upside target scenario if a bull run turns. If not watch out below.

https://www.tradingview.com/chart/XRPUSD/O7sBUiDC-XRP-1-64-upside-target-scenario-if-a-bull-run-turns-If-not-wat/

$XRP, algorithm, chart

$XRP 1.64 upside target scenario if a bull run turns. If not watch out below.

$XRP following 200 MA – really soft trade.

$XRP, soft, trade

$XRP following 200 MA – really soft trade.

Per recent;

$XRP still indecisive.

$XRP still indecisive.

$XRP still indecisive.

Ripple has gone quiet – isn’t chasing time price peaks. $XRP basic algorithm chart model. Feb 20 642 PM $XRPUSD

Ripple, XRP, chart

Ripple has gone quiet – isn’t chasing time price peaks. $XRP basic algorithm chart model. Feb 20 642 PM $XRPUSD

Per recent;

Ripple $XRP basic algorithm chart model on daily time frame in play per previous. Feb 12 122 PM $XRPUSD

https://www.tradingview.com/chart/XRPUSD/HOzO0yQk-Ripple-XRP-basic-algorithm-chart-model-on-daily-time-frame-in-p/

XRP, Ripple, Chart, Algorithm, model

Ripple $XRP basic algorithm chart model on daily time frame in play per previous. Feb 12 122 PM $XRPUSD

< End of report >

Any questions give us a shout anytime!

Post topics; Crypto, chart, $BTCUSD, $XBTUSD, $BTC.X, $ETH, $LTC, $XRP, Bitcoin, trade


Crypto the Bitcoin Algorithm Charting Model Newsletter Saturday March 10, 2018. Charts for $BTCUSD $XBTUSD $BTC.X $ETH $LTC $XRP #Bitcoin 

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Trade: 

Live Twitter Alert Feed for Bitcoin Trades: @BTCAlerts_CT, Public Feed @cryptothealgo 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.

Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

Bitcoin Algorithm Live Charting Link:

Algorithm model on the Daily Bitcoin Chart: Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

Bitcoin Chart Model – Under 200 MA under mid quad resistance. 651 PM Mar 10. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/5fKJ0Ddc-Bitcoin-Chart-Model-Under-200-MA-under-mid-quad-resistance-65/

BTC, Bitcoin, Chart, Algorithm

Bitcoin Chart Model – Under 200 MA under mid quad resistance. 651 PM Mar 10. $BTC $XBTUSD #bitcoin

Per recent;

Bitcoin Chart Model – Up over mid quad nearing quad wall resistance Mar 5. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/zsuMjoqf-Bitcoin-Chart-Model-Up-over-mid-quad-nearing-quad-wall-resista/

Bitcoin, daily, chart

Bitcoin Chart Model – Up over mid quad nearing quad wall resistance Mar 5. $BTC $XBTUSD #bitcoin

Per recent;

https://www.tradingview.com/chart/XBTUSD/CeyXfkmg-Next-time-price-cycle-peaks-Feb-22-careful-on-other-side-B/

Bitcoin hit buy sell trigger support 5895 early (green arrow) then mid trigger early (gray) and 13790 in sight Feb 22. $BTC $XBTUSD

$BTC, Bitcoin, Daily, Chart, Time, Price, Cycle

Bitcoin hit buy sell trigger support 5895 early (green arrow) then mid trigger early (gray) and 13790 in sight Feb 22. $BTC $XBTUSD

Per recent;

https://www.tradingview.com/chart/XBTUSD/u159Yjrc-Bitcoin-Charting-Algorithm-Model-Jan-28-2018-BTCUSD-XBTUSD/

Bitcoin holding 200 MA with peak time cycle on daily algorithm model chart Feb 22. Price targets per chart.

At this point lower trending channel on model (quads) is holding, but 200 MA price action may put in a bottom formation signalling a trend change.

Trading support and resistance for focused time-frame to Feb 22 time cycle peak.. #trading #bitcoin

Watch the diagonal quad lines (dotted diagonal lines) and horizontal support and resistance to upside target above 200 MA and downside target if 200 MA is lost.

https://www.tradingview.com/chart/XBTUSD/pSZG52Uz-Trading-support-and-resistance-for-focussed-time-frame-to-Feb-22/

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Observations in the current area of trade:

Per recent;

Crypto $BTC, $ETH, $XRP, $LTC #cryptocurrency #technicalanalysis

Bitcoin MACD trending bullish with Stochastic RSI nearing top of range. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/dypnMaLI-Bitcoin-MACD-trending-bullish-with-Stochastic-RSI-nearing-top-of/

$BTC, MACD, Bitcoin, chart

Bitcoin MACD trending bullish with Stochastic RSI nearing top of range. $BTC $XBTUSD #Bitcoin

Per recent;

The squeeze momentum indicator and MACD on daily chart are still trending up but the Stochastic RSI is high and looks ready to turn FYI.

Per recent;

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD Trade against its trend at your peril (historically speaking and specifically on daily).

https://www.tradingview.com/chart/XBTUSD/uRLtBUBh-The-squeeze-momentum-indicator-direction-trend-should-be-in-cons/

SQZMOM, indicator, chart, Bitcoin

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD

Key buy / sell price trigger levels in the current area of trade are as follows:

See above.

Per previous;

9882, 13772, 17776, 21736, 25684.

Shorter time-frame indicators such as Fibonacci levels on chart can be used to trade against as support and resistance.

Price trading under 20 MA and 50 MA with 100 MA just below price (watch closely as price is pinched between 100 MA and 20 MA) with 200 MA nearing (pink line).

Bitcoin, Daily, Chart, Algorithm

Bitcoin Charting – Algorithm Model Jan 28 2018 $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1440 PM #Bitcoin

Bitcoin $XBTUSD conventional charting notes:

White arrows at bottom of chart represent conventional indicators. All indicators suggest (since recent lows) that price trend is up.

Also, upward trending channel in place (highlighted with thick yellow lines), two significant falling wedges played out technically (dotted yellow lines) and the general trend is in play.

Bitcoin Daily Charting – Conventional notes – MACD turning up, Stoch RSI trend up, SQZMOM up $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1455 PM #Bitcoin

Bitcoin, Chart, MACD, Stochastic RSI

Bitcoin Daily Charting – Conventional notes – MACD turning up, Stoch RSI trend up, SQZMOM up $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1455 PM #Bitcoin

Bitcoin Trading Plan

No current bias. Waiting for 200 MA test and mid quad resistance test.

Per recent;

From here to 13700 range it seems without significant resistance. Trading bias is bullish between moving averages on chart (horizontal lines).

Per Previous;

The 8854.20 support played out well – trading 11315.00 now with a time / price cycle peak coming in VERY SOON – Feb 22. Watch price direction really close coming out of Feb 22. Use the grey and green buy sell trigger arrows and quad walls as support and resistance decisions.

Daytrading charting on $BTC says careful with 11700.00 range resistance Feb 22.

https://www.tradingview.com/chart/XBTUSD/3afLmjs4-Daytrading-charting-on-BTC-says-carefu-with-11700-00-range-resi/

daytrade, BTC, chart

Daytrading charting on $BTC says carefu with 11700.00 range resistance Feb 22.

Per recent;

Over 8854.20 and held, the upside price target on Bitcoin is highly probable. Daytrade supports noted. $BTC #Bitcoin $XBTUSD

daytrading, plan, chart, Bitcoin, $BTC

Over 8854.20 and held, the upside price target on Bitcoin is highly probable. Daytrade supports noted. $BTC #Bitcoin $XBTUSD

Daytrading Bitcoin

Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 10 713 PM. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/qhnMeo0V-Bitcoin-Chart-Model-Daytrading-30-Min-Chart-Mar-10-713-PM-B/

Bitcoin, daytrading, chart, BTC, XBTUSD

Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 10 713 PM. $BTC $XBTUSD #bitcoin

Daytrader’s view of algorithm model charting on 60 minuter chart. $XBTUSD $BTC #Bitcoin

daytraders, chart, Bitcoin, algorithm, model

Daytrader’s view of algorithm model charting on 60 minuter chart. $XBTUSD $BTC #Bitcoin

Daytrader’s GPS for tight trading – Current trade buy sell triggers in to Feb 22 time price cycle peak (green arrows) . $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/JnaDMq3X-Daytrader-s-GPS-for-tight-trading-Current-trade-buy-sell-trigg/

Per previous;

Bitcoin Daily Chart Trading Plan – price above Fib 11707.00 and 20 MA that holds channel support is long add and if that fails I would reconsider the current long position alerted on the Twitter member alert feed near recent bottom. $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1505 PM #Bitcoin

$BTC.X, Bitcoin, Trading Plan

Bitcoin Daily Chart Trading Plan – price above Fib 11707.00 and 20 MA that holds channel support is long add $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1505 PM #Bitcoin

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

$ETH Ethereum algorithmic charting model – price responding well to model.

https://www.tradingview.com/chart/ETHUSD/evIEbwvu-ETH-Ethereum-algorithmic-charting-model-price-responding-well/

$ETH, algorithm

$ETH Ethereum algorithmic charting model – price responding well to model.

Per recent;

$ETH Indecisive trade. #Ethereum

$ETH, chart

$ETH Indecisive trade. #Ethereum

Per recent;

It seems the buy sell triggers (green arrows) are best. Ethereum Daily Chart Algorithmic Model. $ETH #crypto

https://www.tradingview.com/chart/ETHUSD/qxnGriAw-It-seems-the-buy-sell-triggers-green-arrows-are-best-Ethereum/

Ethereum, $ETH, Daily, Chart

It seems the buy sell triggers (green arrows) are best. Ethereum Daily Chart Algorithmic Model. $ETH #crypto

Per recent;

Ethereum Daily Chart Algorithmic Model suggests 1031.41 Mar 22 most probable price target. MACD on daily chart is near a turn up also. $ETH #crypto

Buy / sell triggers for $ETH are noted with green arrows on chart below.

$ETH Real-time chart link:

https://www.tradingview.com/chart/ETHUSD/06mf42Wb-Ethereum-Daily-Chart-Algorithmic-Model-suggests-1031-41-Mar-22-m/

ETH, Ethereum, Price, targets

Ethereum Daily Chart Algorithmic Model suggests 1031.41 Mar 22 most probable price target. $ETH #crypto

Litecoin Basic Algorithm Charting Model

$LTC bounced off 200 MA support under mid quad targeting lower price target on algorithm model.

https://www.tradingview.com/chart/LTCUSD/mngOsEfB-LTC-bounced-off-200-MA-support-under-mid-quad-targeting-lower-p/

$LTC, Algorithm, model, chart

$LTC bounced off 200 MA support under mid quad targeting lower price target on algorithm model.

Per recent;

$LTC target 287.50 on bullish scenario. Trading in channel. #Litecoin

https://www.tradingview.com/chart/LTCUSD/jLU3JcSN-LTC-target-287-50-on-bullish-scenario-Trading-in-channel-Lit/

$LTC, chart

$LTC target 287.50 on bullish scenario. Trading in channel. #Litecoin

Per recent;

Litecoin $LTC basic algorithm chart model. Buy sell triggers (green and gray arrows) are best. Feb 20 636 PM $LTCUSD

Real-time $LTC chart link:

https://www.tradingview.com/chart/LTCUSD/Svs2tjRe-Litecoin-LTC-basic-algorithm-chart-model-Buy-sell-triggers-gr/

$LTC, algorithm, chart, model

Litecoin $LTC basic algorithm chart model. Buy sell triggers (green and gray arrows) are best. Feb 20 636 PM $LTCUSD

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

 

Ripple Basic Algorithm Charting Model

$XRP following 200 MA – really soft trade.

$XRP, soft, trade

$XRP following 200 MA – really soft trade.

Per recent;

$XRP still indecisive.

$XRP still indecisive.

$XRP still indecisive.

Ripple has gone quiet – isn’t chasing time price peaks. $XRP basic algorithm chart model. Feb 20 642 PM $XRPUSD

Ripple, XRP, chart

Ripple has gone quiet – isn’t chasing time price peaks. $XRP basic algorithm chart model. Feb 20 642 PM $XRPUSD

Per recent;

Ripple $XRP basic algorithm chart model on daily time frame in play per previous. Feb 12 122 PM $XRPUSD

https://www.tradingview.com/chart/XRPUSD/HOzO0yQk-Ripple-XRP-basic-algorithm-chart-model-on-daily-time-frame-in-p/

XRP, Ripple, Chart, Algorithm, model

Ripple $XRP basic algorithm chart model on daily time frame in play per previous. Feb 12 122 PM $XRPUSD

Ripple $XRP basic algorithm chart model on daily time frame. Jan 28 1556 PM $XRPUSD

Real-time Ripple $XRP chart link:

https://www.tradingview.com/chart/XRPUSD/1WptpUNA-Ripple-XRP-basic-algorithm-chart-model-on-daily-time-frame-Jan/

Ripple, $XBT, basic, algorithm, chart

Ripple $XRP basic algorithm chart model on daily time frame. Jan 28 1556 PM $XRPUSD

< End of report >

Any questions give us a shout anytime!

 

Post topics; Crypto, chart, $BTCUSD, $XBTUSD, $BTC.X, $ETH, $LTC, $XRP, Bitcoin, trade


Crypto the Bitcoin Algorithm Charting Model Newsletter Monday March 5, 2018. Charts for $BTCUSD $XBTUSD $BTC.X $ETH $LTC $XRP #Bitcoin 

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Trade: 

Live Twitter Alert Feed for Bitcoin Trades: @BTCAlerts_CT, Public Feed @cryptothealgo 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.

Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

Bitcoin Algorithm Live Charting Link:

Algorithm model on the Daily Bitcoin Chart: Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

Bitcoin Chart Model – Up over mid quad nearing quad wall resistance Mar 5. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/zsuMjoqf-Bitcoin-Chart-Model-Up-over-mid-quad-nearing-quad-wall-resista/

Bitcoin, daily, chart

Bitcoin Chart Model – Up over mid quad nearing quad wall resistance Mar 5. $BTC $XBTUSD #bitcoin

Per recent;

https://www.tradingview.com/chart/XBTUSD/CeyXfkmg-Next-time-price-cycle-peaks-Feb-22-careful-on-other-side-B/

Bitcoin hit buy sell trigger support 5895 early (green arrow) then mid trigger early (gray) and 13790 in sight Feb 22. $BTC $XBTUSD

$BTC, Bitcoin, Daily, Chart, Time, Price, Cycle

Bitcoin hit buy sell trigger support 5895 early (green arrow) then mid trigger early (gray) and 13790 in sight Feb 22. $BTC $XBTUSD

Per recent;

https://www.tradingview.com/chart/XBTUSD/u159Yjrc-Bitcoin-Charting-Algorithm-Model-Jan-28-2018-BTCUSD-XBTUSD/

Bitcoin holding 200 MA with peak time cycle on daily algorithm model chart Feb 22. Price targets per chart.

At this point lower trending channel on model (quads) is holding, but 200 MA price action may put in a bottom formation signalling a trend change.

Trading support and resistance for focused time-frame to Feb 22 time cycle peak.. #trading #bitcoin

Watch the diagonal quad lines (dotted diagonal lines) and horizontal support and resistance to upside target above 200 MA and downside target if 200 MA is lost.

https://www.tradingview.com/chart/XBTUSD/pSZG52Uz-Trading-support-and-resistance-for-focussed-time-frame-to-Feb-22/

Bitcoin holding 200 MA with peak time cycle on daily algorithm model chart Feb 22. Price targets per chart.

Bitcoin, BTC, 200 MA, Daily

Bitcoin holding 200 MA with peak time cycle on daily algorithm model chart Feb 22. Price targets per chart.

$BTC $XBTUSD April 7 Price Targets;

9875.00 bearish scenario with 5838.00 most bearish in a sell-off.

13816.00 mid quad most likely hit.

17227.00 most bullish scenario. Unlikely.

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Observations in the current area of trade:

Crypto $BTC, $ETH, $XRP, $LTC #cryptocurrency #technicalanalysis

Bitcoin MACD trending bullish with Stochastic RSI nearing top of range. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/dypnMaLI-Bitcoin-MACD-trending-bullish-with-Stochastic-RSI-nearing-top-of/

$BTC, MACD, Bitcoin, chart

Bitcoin MACD trending bullish with Stochastic RSI nearing top of range. $BTC $XBTUSD #Bitcoin

Per recent;

The squeeze momentum indicator and MACD on daily chart are still trending up but the Stochastic RSI is high and looks ready to turn FYI.

Per recent;

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD Trade against its trend at your peril (historically speaking and specifically on daily).

https://www.tradingview.com/chart/XBTUSD/uRLtBUBh-The-squeeze-momentum-indicator-direction-trend-should-be-in-cons/

SQZMOM, indicator, chart, Bitcoin

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD

Key buy / sell price trigger levels in the current area of trade are as follows:

See above.

Per previous;

9882, 13772, 17776, 21736, 25684.

Shorter time-frame indicators such as Fibonacci levels on chart can be used to trade against as support and resistance.

Price trading under 20 MA and 50 MA with 100 MA just below price (watch closely as price is pinched between 100 MA and 20 MA) with 200 MA nearing (pink line).

Bitcoin, Daily, Chart, Algorithm

Bitcoin Charting – Algorithm Model Jan 28 2018 $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1440 PM #Bitcoin

Bitcoin $XBTUSD conventional charting notes:

White arrows at bottom of chart represent conventional indicators. All indicators suggest (since recent lows) that price trend is up.

Also, upward trending channel in place (highlighted with thick yellow lines), two significant falling wedges played out technically (dotted yellow lines) and the general trend is in play.

Bitcoin Daily Charting – Conventional notes – MACD turning up, Stoch RSI trend up, SQZMOM up $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1455 PM #Bitcoin

Bitcoin, Chart, MACD, Stochastic RSI

Bitcoin Daily Charting – Conventional notes – MACD turning up, Stoch RSI trend up, SQZMOM up $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1455 PM #Bitcoin

Bitcoin Trading Plan

From here to 13700 range it seems without significant resistance. Trading bias is bullish between moving averages on chart (horizontal lines).

Per Previous;

The 8854.20 support played out well – trading 11315.00 now with a time / price cycle peak coming in VERY SOON – Feb 22. Watch price direction really close coming out of Feb 22. Use the grey and green buy sell trigger arrows and quad walls as support and resistance decisions.

Daytrading charting on $BTC says careful with 11700.00 range resistance Feb 22.

https://www.tradingview.com/chart/XBTUSD/3afLmjs4-Daytrading-charting-on-BTC-says-carefu-with-11700-00-range-resi/

daytrade, BTC, chart

Daytrading charting on $BTC says carefu with 11700.00 range resistance Feb 22.

Per recent;

Over 8854.20 and held, the upside price target on Bitcoin is highly probable. Daytrade supports noted. $BTC #Bitcoin $XBTUSD

daytrading, plan, chart, Bitcoin, $BTC

Over 8854.20 and held, the upside price target on Bitcoin is highly probable. Daytrade supports noted. $BTC #Bitcoin $XBTUSD

Daytrader’s view of algorithm model charting on 60 minuter chart. $XBTUSD $BTC #Bitcoin

daytraders, chart, Bitcoin, algorithm, model

Daytrader’s view of algorithm model charting on 60 minuter chart. $XBTUSD $BTC #Bitcoin

Daytrader’s GPS for tight trading – Current trade buy sell triggers in to Feb 22 time price cycle peak (green arrows) . $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/JnaDMq3X-Daytrader-s-GPS-for-tight-trading-Current-trade-buy-sell-trigg/

Per previous;

Bitcoin Daily Chart Trading Plan – price above Fib 11707.00 and 20 MA that holds channel support is long add and if that fails I would reconsider the current long position alerted on the Twitter member alert feed near recent bottom. $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1505 PM #Bitcoin

$BTC.X, Bitcoin, Trading Plan

Bitcoin Daily Chart Trading Plan – price above Fib 11707.00 and 20 MA that holds channel support is long add $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1505 PM #Bitcoin

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

$ETH Indecisive trade. #Ethereum

$ETH, chart

$ETH Indecisive trade. #Ethereum

Per recent;

It seems the buy sell triggers (green arrows) are best. Ethereum Daily Chart Algorithmic Model. $ETH #crypto

https://www.tradingview.com/chart/ETHUSD/qxnGriAw-It-seems-the-buy-sell-triggers-green-arrows-are-best-Ethereum/

Ethereum, $ETH, Daily, Chart

It seems the buy sell triggers (green arrows) are best. Ethereum Daily Chart Algorithmic Model. $ETH #crypto

Per recent;

Ethereum Daily Chart Algorithmic Model suggests 1031.41 Mar 22 most probable price target. MACD on daily chart is near a turn up also. $ETH #crypto

Buy / sell triggers for $ETH are noted with green arrows on chart below.

$ETH Real-time chart link:

https://www.tradingview.com/chart/ETHUSD/06mf42Wb-Ethereum-Daily-Chart-Algorithmic-Model-suggests-1031-41-Mar-22-m/

ETH, Ethereum, Price, targets

Ethereum Daily Chart Algorithmic Model suggests 1031.41 Mar 22 most probable price target. $ETH #crypto

Per previous;

$ETHUSD real-time chart:

https://www.tradingview.com/chart/ETHUSD/meIvBmFK-Ethereum-Daily-Chart-Algorithmic-Model-Suggests-1240-00-Feb-10-m/

Ethereum Daily Chart Algorithmic Model Suggests 1240.00 Feb 10 most probable area of trade. $ETHUSD $ETH.X #crypto

$ETH.X, Ethereum, Chart, Price Targets

Ethereum Daily Chart Algorithmic Model Suggests 1240.00 Feb 10 most probable area of trade. $ETHUSD $ETH.X #crypto

Litecoin Basic Algorithm Charting Model

$LTC target 287.50 on bullish scenario. Trading in channel. #Litecoin

https://www.tradingview.com/chart/LTCUSD/jLU3JcSN-LTC-target-287-50-on-bullish-scenario-Trading-in-channel-Lit/

$LTC, chart

$LTC target 287.50 on bullish scenario. Trading in channel. #Litecoin

Per recent;

Litecoin $LTC basic algorithm chart model. Buy sell triggers (green and gray arrows) are best. Feb 20 636 PM $LTCUSD

Real-time $LTC chart link:

https://www.tradingview.com/chart/LTCUSD/Svs2tjRe-Litecoin-LTC-basic-algorithm-chart-model-Buy-sell-triggers-gr/

$LTC, algorithm, chart, model

Litecoin $LTC basic algorithm chart model. Buy sell triggers (green and gray arrows) are best. Feb 20 636 PM $LTCUSD

Per recent;

Litecoin $LTC basic algorithm chart model on daily time frame in play per previous. Feb 12 116 PM $LTCUSD

https://www.tradingview.com/chart/LTCUSD/oJDMSX6S-Litecoin-LTC-basic-algorithm-chart-model-on-daily-time-frame-in/

Litecoin, algorithm, chart, daily

Litecoin $LTC basic algorithm chart model on daily time frame in play per previous. Feb 12 116 PM $LTCUSD

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

Per previous;

Litecoin $LTC basic algorithm chart model on daily time frame. Jan 28 1556 PM $LTCUSD

Thick yellow lines are prospective upward trending channel. Red circles prospective targets – trade in direction of targets. Buy sell triggers represented as well as trading quadrants, moving averages etc. If trade is indecisive it will tend to terminate at time cycle peak (green verticals) at mid quad horizontal line (green horizontal) at that specific time in chart and not reach an upper apex or lower inverse apex.

https://www.tradingview.com/chart/LTCUSD/yPMnzhEL-Litecoin-LTC-basic-algorithm-chart-model-on-daily-time-frame-J/

$LTC, algorithm, chart, model

Litecoin $LTC basic algorithm chart model on daily time frame. Jan 28 1556 PM $LTCUSD

Ripple Basic Algorithm Charting Model

$XRP still indecisive.

$XRP still indecisive.

$XRP still indecisive.

Ripple has gone quiet – isn’t chasing time price peaks. $XRP basic algorithm chart model. Feb 20 642 PM $XRPUSD

Ripple, XRP, chart

Ripple has gone quiet – isn’t chasing time price peaks. $XRP basic algorithm chart model. Feb 20 642 PM $XRPUSD

Per recent;

Ripple $XRP basic algorithm chart model on daily time frame in play per previous. Feb 12 122 PM $XRPUSD

https://www.tradingview.com/chart/XRPUSD/HOzO0yQk-Ripple-XRP-basic-algorithm-chart-model-on-daily-time-frame-in-p/

XRP, Ripple, Chart, Algorithm, model

Ripple $XRP basic algorithm chart model on daily time frame in play per previous. Feb 12 122 PM $XRPUSD

Ripple $XRP basic algorithm chart model on daily time frame. Jan 28 1556 PM $XRPUSD

Real-time Ripple $XRP chart link:

https://www.tradingview.com/chart/XRPUSD/1WptpUNA-Ripple-XRP-basic-algorithm-chart-model-on-daily-time-frame-Jan/

Ripple, $XBT, basic, algorithm, chart

Ripple $XRP basic algorithm chart model on daily time frame. Jan 28 1556 PM $XRPUSD

< End of report >

Any questions give us a shout anytime!

 

Post topics; Crypto, chart, $BTCUSD, $XBTUSD, $BTC.X, $ETH, $LTC, $XRP, Bitcoin, trade


Crypto the Bitcoin Algorithm Charting Model Newsletter Tuesday February 20, 2018. Charts for $BTCUSD $XBTUSD $BTC.X $ETH $LTC $XRP #Bitcoin 

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Trade: 

Live Twitter Alert Feed for Bitcoin Trades: @BTCAlerts_CT, Public Feed @cryptothealgo 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.

Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

Bitcoin Algorithm Live Charting Link:

Algorithm model on the Daily Bitcoin Chart: Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

https://www.tradingview.com/chart/XBTUSD/CeyXfkmg-Next-time-price-cycle-peaks-Feb-22-careful-on-other-side-B/

Bitcoin hit buy sell trigger support 5895 early (green arrow) then mid trigger early (gray) and 13790 in sight Feb 22. $BTC $XBTUSD

$BTC, Bitcoin, Daily, Chart, Time, Price, Cycle

Bitcoin hit buy sell trigger support 5895 early (green arrow) then mid trigger early (gray) and 13790 in sight Feb 22. $BTC $XBTUSD

Per recent;

https://www.tradingview.com/chart/XBTUSD/u159Yjrc-Bitcoin-Charting-Algorithm-Model-Jan-28-2018-BTCUSD-XBTUSD/

Bitcoin holding 200 MA with peak time cycle on daily algorithm model chart Feb 22. Price targets per chart.

At this point lower trending channel on model (quads) is holding, but 200 MA price action may put in a bottom formation signalling a trend change.

Trading support and resistance for focused time-frame to Feb 22 time cycle peak.. #trading #bitcoin

Watch the diagonal quad lines (dotted diagonal lines) and horizontal support and resistance to upside target above 200 MA and downside target if 200 MA is lost.

https://www.tradingview.com/chart/XBTUSD/pSZG52Uz-Trading-support-and-resistance-for-focussed-time-frame-to-Feb-22/

Bitcoin holding 200 MA with peak time cycle on daily algorithm model chart Feb 22. Price targets per chart.

Bitcoin, BTC, 200 MA, Daily

Bitcoin holding 200 MA with peak time cycle on daily algorithm model chart Feb 22. Price targets per chart.

$BTC $XBTUSD Feb 22 Price Targets;

5926.00 bearish – if price looses 200 MA on daily chart.

9765..90 mid quad most likely hit on Feb 22 / 23 as long as 200 MA is held.

13779.90 most bullish scenario. Unlikely.

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Observations in the current area of trade:

Crypto $BTC, $ETH, $XRP, $LTC #cryptocurrency #technicalanalysis

The squeeze momentum indicator and MACD on daily chart are still trending up but the Stochastic RSI is high and looks ready to turn FYI.

Per recent;

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD Trade against its trend at your peril (historically speaking and specifically on daily).

https://www.tradingview.com/chart/XBTUSD/uRLtBUBh-The-squeeze-momentum-indicator-direction-trend-should-be-in-cons/

SQZMOM, indicator, chart, Bitcoin

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD

Key buy / sell price trigger levels in the current area of trade are as follows:

See above.

Per previous;

9882, 13772, 17776, 21736, 25684.

Shorter time-frame indicators such as Fibonacci levels on chart can be used to trade against as support and resistance.

Price trading under 20 MA and 50 MA with 100 MA just below price (watch closely as price is pinched between 100 MA and 20 MA) with 200 MA nearing (pink line).

Bitcoin, Daily, Chart, Algorithm

Bitcoin Charting – Algorithm Model Jan 28 2018 $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1440 PM #Bitcoin

Bitcoin $XBTUSD conventional charting notes:

White arrows at bottom of chart represent conventional indicators. All indicators suggest (since recent lows) that price trend is up.

Also, upward trending channel in place (highlighted with thick yellow lines), two significant falling wedges played out technically (dotted yellow lines) and the general trend is in play.

Bitcoin Daily Charting – Conventional notes – MACD turning up, Stoch RSI trend up, SQZMOM up $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1455 PM #Bitcoin

Bitcoin, Chart, MACD, Stochastic RSI

Bitcoin Daily Charting – Conventional notes – MACD turning up, Stoch RSI trend up, SQZMOM up $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1455 PM #Bitcoin

Bitcoin Trading Plan

The 8854.20 support played out well – trading 11315.00 now with a time / price cycle peak coming in VERY SOON – Feb 22. Watch price direction really close coming out of Feb 22. Use the grey and green buy sell trigger arrows and quad walls as support and resistance decisions.

Daytrading charting on $BTC says careful with 11700.00 range resistance Feb 22.

https://www.tradingview.com/chart/XBTUSD/3afLmjs4-Daytrading-charting-on-BTC-says-carefu-with-11700-00-range-resi/

daytrade, BTC, chart

Daytrading charting on $BTC says carefu with 11700.00 range resistance Feb 22.

Per recent;

Over 8854.20 and held, the upside price target on Bitcoin is highly probable. Daytrade supports noted. $BTC #Bitcoin $XBTUSD

daytrading, plan, chart, Bitcoin, $BTC

Over 8854.20 and held, the upside price target on Bitcoin is highly probable. Daytrade supports noted. $BTC #Bitcoin $XBTUSD

Daytrader’s view of algorithm model charting on 60 minuter chart. $XBTUSD $BTC #Bitcoin

daytraders, chart, Bitcoin, algorithm, model

Daytrader’s view of algorithm model charting on 60 minuter chart. $XBTUSD $BTC #Bitcoin

Daytrader’s GPS for tight trading – Current trade buy sell triggers in to Feb 22 time price cycle peak (green arrows) . $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/JnaDMq3X-Daytrader-s-GPS-for-tight-trading-Current-trade-buy-sell-trigg/

Per previous;

Bitcoin Daily Chart Trading Plan – price above Fib 11707.00 and 20 MA that holds channel support is long add and if that fails I would reconsider the current long position alerted on the Twitter member alert feed near recent bottom. $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1505 PM #Bitcoin

$BTC.X, Bitcoin, Trading Plan

Bitcoin Daily Chart Trading Plan – price above Fib 11707.00 and 20 MA that holds channel support is long add $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1505 PM #Bitcoin

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

It seems the buy sell triggers (green arrows) are best. Ethereum Daily Chart Algorithmic Model. $ETH #crypto

https://www.tradingview.com/chart/ETHUSD/qxnGriAw-It-seems-the-buy-sell-triggers-green-arrows-are-best-Ethereum/

Ethereum, $ETH, Daily, Chart

It seems the buy sell triggers (green arrows) are best. Ethereum Daily Chart Algorithmic Model. $ETH #crypto

Per recent;

Ethereum Daily Chart Algorithmic Model suggests 1031.41 Mar 22 most probable price target. MACD on daily chart is near a turn up also. $ETH #crypto

Buy / sell triggers for $ETH are noted with green arrows on chart below.

$ETH Real-time chart link:

https://www.tradingview.com/chart/ETHUSD/06mf42Wb-Ethereum-Daily-Chart-Algorithmic-Model-suggests-1031-41-Mar-22-m/

ETH, Ethereum, Price, targets

Ethereum Daily Chart Algorithmic Model suggests 1031.41 Mar 22 most probable price target. $ETH #crypto

Per previous;

$ETHUSD real-time chart:

https://www.tradingview.com/chart/ETHUSD/meIvBmFK-Ethereum-Daily-Chart-Algorithmic-Model-Suggests-1240-00-Feb-10-m/

Ethereum Daily Chart Algorithmic Model Suggests 1240.00 Feb 10 most probable area of trade. $ETHUSD $ETH.X #crypto

$ETH.X, Ethereum, Chart, Price Targets

Ethereum Daily Chart Algorithmic Model Suggests 1240.00 Feb 10 most probable area of trade. $ETHUSD $ETH.X #crypto

Ethereum $ETH Buy sell triggers on the daily algorithm chart model. $ETH.X

https://www.tradingview.com/chart/ETHUSD/CuBHLgRY-Ethereum-ETH-Buy-sell-triggers-on-the-daily-algorithm-chart-mod/

$ETH, buy, sell, price, triggers, swing, trading

Ethereum $ETH Buy sell triggers on the daily algorithm chart model. $ETH.X

Litecoin Basic Algorithm Charting Model

Litecoin $LTC basic algorithm chart model. Buy sell triggers (green and gray arrows) are best. Feb 20 636 PM $LTCUSD

Real-time $LTC chart link:

https://www.tradingview.com/chart/LTCUSD/Svs2tjRe-Litecoin-LTC-basic-algorithm-chart-model-Buy-sell-triggers-gr/

$LTC, algorithm, chart, model

Litecoin $LTC basic algorithm chart model. Buy sell triggers (green and gray arrows) are best. Feb 20 636 PM $LTCUSD

Per recent;

Litecoin $LTC basic algorithm chart model on daily time frame in play per previous. Feb 12 116 PM $LTCUSD

https://www.tradingview.com/chart/LTCUSD/oJDMSX6S-Litecoin-LTC-basic-algorithm-chart-model-on-daily-time-frame-in/

Litecoin, algorithm, chart, daily

Litecoin $LTC basic algorithm chart model on daily time frame in play per previous. Feb 12 116 PM $LTCUSD

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

Per previous;

Litecoin $LTC basic algorithm chart model on daily time frame. Jan 28 1556 PM $LTCUSD

Thick yellow lines are prospective upward trending channel. Red circles prospective targets – trade in direction of targets. Buy sell triggers represented as well as trading quadrants, moving averages etc. If trade is indecisive it will tend to terminate at time cycle peak (green verticals) at mid quad horizontal line (green horizontal) at that specific time in chart and not reach an upper apex or lower inverse apex.

https://www.tradingview.com/chart/LTCUSD/yPMnzhEL-Litecoin-LTC-basic-algorithm-chart-model-on-daily-time-frame-J/

$LTC, algorithm, chart, model

Litecoin $LTC basic algorithm chart model on daily time frame. Jan 28 1556 PM $LTCUSD

Ripple Basic Algorithm Charting Model

Ripple has gone quiet – isn’t chasing time price peaks. $XRP basic algorithm chart model. Feb 20 642 PM $XRPUSD

Ripple, XRP, chart

Ripple has gone quiet – isn’t chasing time price peaks. $XRP basic algorithm chart model. Feb 20 642 PM $XRPUSD

Per recent;

Ripple $XRP basic algorithm chart model on daily time frame in play per previous. Feb 12 122 PM $XRPUSD

https://www.tradingview.com/chart/XRPUSD/HOzO0yQk-Ripple-XRP-basic-algorithm-chart-model-on-daily-time-frame-in-p/

XRP, Ripple, Chart, Algorithm, model

Ripple $XRP basic algorithm chart model on daily time frame in play per previous. Feb 12 122 PM $XRPUSD

Ripple $XRP basic algorithm chart model on daily time frame. Jan 28 1556 PM $XRPUSD

Real-time Ripple $XRP chart link:

https://www.tradingview.com/chart/XRPUSD/1WptpUNA-Ripple-XRP-basic-algorithm-chart-model-on-daily-time-frame-Jan/

Ripple, $XBT, basic, algorithm, chart

Ripple $XRP basic algorithm chart model on daily time frame. Jan 28 1556 PM $XRPUSD

< End of report >

Any questions give us a shout anytime!

 

Post topics; Crypto, chart, $BTCUSD, $XBTUSD, $BTC.X, $ETH, $LTC, $XRP, Bitcoin, trade


Crypto the Bitcoin Algorithm Charting Model Newsletter Monday February 12, 2018. Charts for $BTCUSD $XBTUSD $BTC.X $ETH $LTC $XRP #Bitcoin 

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Trade: 

Live Twitter Alert Feed for Bitcoin Trades: @BTCAlerts_CT, Public Feed @cryptothealgo 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.

Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

Bitcoin Algorithm Live Charting Link:

Algorithm model on the Daily Bitcoin Chart: Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

https://www.tradingview.com/chart/XBTUSD/BcZr38Am-Bitcoin-targets-in-play-for-Feb-22-time-cycle-peak-Per-notes/ 

Previous;

https://www.tradingview.com/chart/XBTUSD/u159Yjrc-Bitcoin-Charting-Algorithm-Model-Jan-28-2018-BTCUSD-XBTUSD/

Bitcoin holding 200 MA with peak time cycle on daily algorithm model chart Feb 22. Price targets per chart.

At this point lower trending channel on model (quads) is holding, but 200 MA price action may put in a bottom formation signalling a trend change.

Trading support and resistance for focused time-frame to Feb 22 time cycle peak.. #trading #bitcoin

Watch the diagonal quad lines (dotted diagonal lines) and horizontal support and resistance to upside target above 200 MA and downside target if 200 MA is lost.

https://www.tradingview.com/chart/XBTUSD/pSZG52Uz-Trading-support-and-resistance-for-focussed-time-frame-to-Feb-22/

Bitcoin holding 200 MA with peak time cycle on daily algorithm model chart Feb 22. Price targets per chart.

Bitcoin, BTC, 200 MA, Daily

Bitcoin holding 200 MA with peak time cycle on daily algorithm model chart Feb 22. Price targets per chart.

$BTC $XBTUSD Feb 22 Price Targets;

5926.00 bearish – if price looses 200 MA on daily chart.

9765..90 mid quad most likely hit on Feb 22 / 23 as long as 200 MA is held.

13779.90 most bullish scenario. Unlikely.

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Observations in the current area of trade:

Crypto $BTC, $ETH, $XRP, $LTC #cryptocurrency #technicalanalysis

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD Trade against its trend at your peril (historically speaking and specifically on daily).

https://www.tradingview.com/chart/XBTUSD/uRLtBUBh-The-squeeze-momentum-indicator-direction-trend-should-be-in-cons/

SQZMOM, indicator, chart, Bitcoin

The squeeze momentum indicator direction trend should be in consideration for direction IMO on daily chart. $BTC $XBTUSD

Key buy / sell price trigger levels in the current area of trade are as follows:

See above.

Per previous;

9882, 13772, 17776, 21736, 25684.

Shorter time-frame indicators such as Fibonacci levels on chart can be used to trade against as support and resistance.

Price trading under 20 MA and 50 MA with 100 MA just below price (watch closely as price is pinched between 100 MA and 20 MA) with 200 MA nearing (pink line).

Bitcoin, Daily, Chart, Algorithm

Bitcoin Charting – Algorithm Model Jan 28 2018 $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1440 PM #Bitcoin

Bitcoin $XBTUSD conventional charting notes:

White arrows at bottom of chart represent conventional indicators. All indicators suggest (since recent lows) that price trend is up.

Also, upward trending channel in place (highlighted with thick yellow lines), two significant falling wedges played out technically (dotted yellow lines) and the general trend is in play.

Bitcoin Daily Charting – Conventional notes – MACD turning up, Stoch RSI trend up, SQZMOM up $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1455 PM #Bitcoin

Bitcoin, Chart, MACD, Stochastic RSI

Bitcoin Daily Charting – Conventional notes – MACD turning up, Stoch RSI trend up, SQZMOM up $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1455 PM #Bitcoin

Bitcoin Trading Plan

Over 8854.20 and held, the upside price target on Bitcoin is highly probable. Daytrade supports noted. $BTC #Bitcoin $XBTUSD

https://www.tradingview.com/chart/XBTUSD/UOclTO1e-Over-8854-20-and-held-the-upside-price-target-on-Bitcoin-is-hig/

daytrading, plan, chart, Bitcoin, $BTC

Over 8854.20 and held, the upside price target on Bitcoin is highly probable. Daytrade supports noted. $BTC #Bitcoin $XBTUSD

Daytrader’s view of algorithm model charting on 60 minuter chart. $XBTUSD $BTC #Bitcoin

daytraders, chart, Bitcoin, algorithm, model

Daytrader’s view of algorithm model charting on 60 minuter chart. $XBTUSD $BTC #Bitcoin

Daytrader’s GPS for tight trading – Current trade buy sell triggers in to Feb 22 time price cycle peak (green arrows) . $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/JnaDMq3X-Daytrader-s-GPS-for-tight-trading-Current-trade-buy-sell-trigg/

Per previous;

Bitcoin Daily Chart Trading Plan – price above Fib 11707.00 and 20 MA that holds channel support is long add and if that fails I would reconsider the current long position alerted on the Twitter member alert feed near recent bottom. $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1505 PM #Bitcoin

$BTC.X, Bitcoin, Trading Plan

Bitcoin Daily Chart Trading Plan – price above Fib 11707.00 and 20 MA that holds channel support is long add $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1505 PM #Bitcoin

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

Ethereum Daily Chart Algorithmic Model suggests 1031.41 Mar 22 most probable price target. MACD on daily chart is near a turn up also. $ETH #crypto

Buy / sell triggers for $ETH are noted with green arrows on chart below.

$ETH Real-time chart link:

https://www.tradingview.com/chart/ETHUSD/06mf42Wb-Ethereum-Daily-Chart-Algorithmic-Model-suggests-1031-41-Mar-22-m/

ETH, Ethereum, Price, targets

Ethereum Daily Chart Algorithmic Model suggests 1031.41 Mar 22 most probable price target. $ETH #crypto

Per previous;

$ETHUSD real-time chart:

https://www.tradingview.com/chart/ETHUSD/meIvBmFK-Ethereum-Daily-Chart-Algorithmic-Model-Suggests-1240-00-Feb-10-m/

Ethereum Daily Chart Algorithmic Model Suggests 1240.00 Feb 10 most probable area of trade. $ETHUSD $ETH.X #crypto

$ETH.X, Ethereum, Chart, Price Targets

Ethereum Daily Chart Algorithmic Model Suggests 1240.00 Feb 10 most probable area of trade. $ETHUSD $ETH.X #crypto

Ethereum $ETH Buy sell triggers on the daily algorithm chart model. $ETH.X

https://www.tradingview.com/chart/ETHUSD/CuBHLgRY-Ethereum-ETH-Buy-sell-triggers-on-the-daily-algorithm-chart-mod/

$ETH, buy, sell, price, triggers, swing, trading

Ethereum $ETH Buy sell triggers on the daily algorithm chart model. $ETH.X

Litecoin Basic Algorithm Charting Model

Litecoin $LTC basic algorithm chart model on daily time frame in play per previous. Feb 12 116 PM $LTCUSD

https://www.tradingview.com/chart/LTCUSD/oJDMSX6S-Litecoin-LTC-basic-algorithm-chart-model-on-daily-time-frame-in/

Litecoin, algorithm, chart, daily

Litecoin $LTC basic algorithm chart model on daily time frame in play per previous. Feb 12 116 PM $LTCUSD

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

Per previous;

Litecoin $LTC basic algorithm chart model on daily time frame. Jan 28 1556 PM $LTCUSD

Thick yellow lines are prospective upward trending channel. Red circles prospective targets – trade in direction of targets. Buy sell triggers represented as well as trading quadrants, moving averages etc. If trade is indecisive it will tend to terminate at time cycle peak (green verticals) at mid quad horizontal line (green horizontal) at that specific time in chart and not reach an upper apex or lower inverse apex.

https://www.tradingview.com/chart/LTCUSD/yPMnzhEL-Litecoin-LTC-basic-algorithm-chart-model-on-daily-time-frame-J/

$LTC, algorithm, chart, model

Litecoin $LTC basic algorithm chart model on daily time frame. Jan 28 1556 PM $LTCUSD

Ripple $XRP basic algorithm chart model on daily time frame in play per previous. Feb 12 122 PM $XRPUSD

https://www.tradingview.com/chart/XRPUSD/HOzO0yQk-Ripple-XRP-basic-algorithm-chart-model-on-daily-time-frame-in-p/

XRP, Ripple, Chart, Algorithm, model

Ripple $XRP basic algorithm chart model on daily time frame in play per previous. Feb 12 122 PM $XRPUSD

Per previous;

Ripple $XRP basic algorithm chart model on daily time frame. Jan 28 1556 PM $XRPUSD

Real-time Ripple $XRP chart link:

https://www.tradingview.com/chart/XRPUSD/1WptpUNA-Ripple-XRP-basic-algorithm-chart-model-on-daily-time-frame-Jan/

Ripple, $XBT, basic, algorithm, chart

Ripple $XRP basic algorithm chart model on daily time frame. Jan 28 1556 PM $XRPUSD

< End of report >

Any questions give us a shout anytime!

 

Post topics; Crypto, chart, $BTCUSD, $XBTUSD, $BTC.X, $ETH, $LTC, $XRP, Bitcoin, trade


Crypto the Bitcoin Algorithm Charting Model Newsletter Sunday January 28, 2018 $BTCUSD $XBTUSD $BTC.X $ETH $LTC $XRP #Bitcoin 

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Trade: 

Live Twitter Alert Feed for Bitcoin Trades: @BTCAlerts_CT, Public Feed @cryptothealgo 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange or grey diagonal dotted lines – the thicker orange lines are more significant) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the midline of the upper quadrant – over the midline you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant gives you the widest trading range.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the midline of the quadrant – under the midline you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 fibonacci levels (midlines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the 2 most likely prices in time cycles / trends. These are still in very early stage of development/testing and should be used for observation only at this point. Two are provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets.

Natural / Historical Support/Resistance: Natural / historical support/resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

Bitcoin Algorithm Live Charting Link:

Algorithm model on the Daily Bitcoin Chart: Click link, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

https://www.tradingview.com/chart/XBTUSD/u159Yjrc-Bitcoin-Charting-Algorithm-Model-Jan-28-2018-BTCUSD-XBTUSD/

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Observations in the current area of trade:

$XBTUSD charting has been performing well. Lower channel support is holding so far. Upper apex target hit and key Jan 9 date seen a significant down trend. Divergent trade prior to Jan 9 (above upper channel resistance line) returned to channel as suggested to members.

Key buy / sell price trigger levels in the current area of trade are as follows:

9882, 13772, 17776, 21736, 25684.

Shorter time-frame indicators such as Fibonacci levels on chart can be used to trade against as support and resistance.

Price trading under 20 MA and 50 MA with 100 MA just below price (watch closely as price is pinched between 100 MA and 20 MA) with 200 MA nearing (pink line).

Bitcoin, Daily, Chart, Algorithm

Bitcoin Charting – Algorithm Model Jan 28 2018 $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1440 PM #Bitcoin

Bitcoin $XBTUSD conventional charting notes:

White arrows at bottom of chart represent conventional indicators. All indicators suggest (since recent lows) that price trend is up.

Also, upward trending channel in place (highlighted with thick yellow lines), two significant falling wedges played out technically (dotted yellow lines) and the general trend is in play.

Bitcoin Daily Charting – Conventional notes – MACD turning up, Stoch RSI trend up, SQZMOM up $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1455 PM #Bitcoin

Bitcoin, Chart, MACD, Stochastic RSI

Bitcoin Daily Charting – Conventional notes – MACD turning up, Stoch RSI trend up, SQZMOM up $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1455 PM #Bitcoin

Bitcoin Trading Plan

Bitcoin Daily Chart Trading Plan – price above Fib 11707.00 and 20 MA that holds channel support is long add and if that fails I would reconsider the current long position alerted on the Twitter member alert feed near recent bottom. $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1505 PM #Bitcoin

$BTC.X, Bitcoin, Trading Plan

Bitcoin Daily Chart Trading Plan – price above Fib 11707.00 and 20 MA that holds channel support is long add $BTCUSD $XBTUSD $BTC.X Jan 28 2018 1505 PM #Bitcoin

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

$ETHUSD real-time chart:

https://www.tradingview.com/chart/ETHUSD/meIvBmFK-Ethereum-Daily-Chart-Algorithmic-Model-Suggests-1240-00-Feb-10-m/

Ethereum Daily Chart Algorithmic Model Suggests 1240.00 Feb 10 most probable area of trade. $ETHUSD $ETH.X #crypto

$ETH.X, Ethereum, Chart, Price Targets

Ethereum Daily Chart Algorithmic Model Suggests 1240.00 Feb 10 most probable area of trade. $ETHUSD $ETH.X #crypto

Ethereum $ETH Buy sell triggers on the daily algorithm chart model. $ETH.X

https://www.tradingview.com/chart/ETHUSD/CuBHLgRY-Ethereum-ETH-Buy-sell-triggers-on-the-daily-algorithm-chart-mod/

$ETH, buy, sell, price, triggers, swing, trading

Ethereum $ETH Buy sell triggers on the daily algorithm chart model. $ETH.X

Litecoin Basic Algorithm Charting Model

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

Litecoin $LTC basic algorithm chart model on daily time frame. Jan 28 1556 PM $LTCUSD

Thick yellow lines are prospective upward trending channel. Red circles prospective targets – trade in direction of targets. Buy sell triggers represented as well as trading quadrants, moving averages etc. If trade is indecisive it will tend to terminate at time cycle peak (green verticals) at mid quad horizontal line (green horizontal) at that specific time in chart and not reach an upper apex or lower inverse apex.

https://www.tradingview.com/chart/LTCUSD/yPMnzhEL-Litecoin-LTC-basic-algorithm-chart-model-on-daily-time-frame-J/

$LTC, algorithm, chart, model

Litecoin $LTC basic algorithm chart model on daily time frame. Jan 28 1556 PM $LTCUSD

Ripple $XRP basic algorithm chart model on daily time frame. Jan 28 1556 PM $XRPUSD

Real-time Ripple $XRP chart link:

https://www.tradingview.com/chart/XRPUSD/1WptpUNA-Ripple-XRP-basic-algorithm-chart-model-on-daily-time-frame-Jan/

Ripple, $XBT, basic, algorithm, chart

Ripple $XRP basic algorithm chart model on daily time frame. Jan 28 1556 PM $XRPUSD

< End of report >

Any questions give us a shout anytime!


Crypto the Bitcoin Algorithm Newsletter Sunday December 17, 2017  #Bitcoin $BTCUSD $XBTUSD $BTC $BITCF $BTCS $BTSC $GBTC $ETH $LTC

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • Basic fib models for $ETHUSD and $LTCUSD as well as a few bitcoin related equities will be featured in the newsletter starting this week.
  • CME’s Bitcoin futures contract, $BTCF2018, began trading at 18:00 EST tonight. Though it is not off to the hot start CBOE’s contract had, there is decent liquidity there already – a good early sign for a new futures product. 
  • Join us in our private Crypto Trading room on discord! Curt, Sartaj and I have been team trading as well as posting TONS of supplemental charting in there. 
  • We have been trading $XBTUSD (BTC/USD Inverse perpetual swap contracts) on BitMEX.
    • $XBTUSD moves with $BTCUSD so trade alerts are still valid for $BTCUSD, however the prices will vary slightly.
  • You can read my blog post about how to trade Bitcoin here. I will post an update with more information about BitMEX as soon as I can.
  • 24 hour trade room on discord is gaining traction – A few things to keep in mind going in:
    • #TeamTrading is key in a 24-hour room like this. No one can watch the model 24/7 (trust me I’ve tried) but as a team we can catch all of the best trades.
    • To make this work we need an orderly chat room, full of highly functioning people, all trading together.
    • In Curt’s words, the accuracy of the model plus the margins on Bitcoin combined with #TeamTrading will take this thing from Compound Trading to “uber quantum leap compound trading.” If done right, our ROI will be absolutely astronomical.
    • As always, don’t hesitate to DM me on twitter (@reedshermanator) if you have any questions, comments, concerns, etc.

Primary Methods of Trade: 

Live Twitter Alert Feed for Bitcoin Trades: @BTCAlerts_CT

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange or grey diagonal dotted lines – the thicker orange lines are more significant) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the midline of the upper quadrant – over the midline you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant gives you the widest trading range.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the midline of the quadrant – under the midline you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 fibonacci levels (midlines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the 2 most likely prices at the end of each 75-hour time cycle. These are still in very early stage of development/testing and should be used for observation only at this point. Two are provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. Only one is expected to hit on each time cycle. These targets have been less predictable with the recent market volatility. I do not recommend entering trades based on these targets.

Natural Support/Resistance: Natural support/resistance is represented on the chart by purple horizontal lines. Although generally reliable, these are not a great indicator in the current area of trade because they rely on history.Thicker natural resistance lines on the chart are the most significant. 

Conventional Charting: Conventional charting should be weighed in to all trade decisions.

Bitcoin Algorithm Live Charting Link:

New Charting: https://www.tradingview.com/chart/XBTUSD/stuvYiJZ-XBTUSD-buy-sell-triggers-at-gray-and-green-arrows/

 

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Observations in the current area of trade:

New $XBTUSD charting has been performing well. Key levels in the current area of trade are as follows:

9882, 13772, 17776, 21736, 25684.

$XBTUSD 17750 area is a key pivot point – We will start long entries there and resume short bias as price approaches the 19500-21000 area and that quad wall:

 

$XBTUSD simple fib extensions provide simplicity to trade. Key levels are as follows:

15900, 17000, 18075, 19150, 20225, 21310.

Link: https://www.tradingview.com/chart/XBTUSD/Og6wcoDf-XBTUSD-Simple-levels-17-Dec-2017/

$XBTUSD trend based fib extension provides more key pivots for the next step up:

Link: https://www.tradingview.com/chart/XBTUSD/98IANpgh-XBTUSD-Trend-Based-Fib-Extension-17-Dec-2017/

$XBTUSD conventional charting notes:

  • Stoch RSI still sitting near the bottom – watching for it to curl up.
  • MACD has flattened out a bit but still has room before it could cross down.
  • SQZMOM just starting to trend down (Dark green) but has reversed quickly in the past so I’m not too concerned with it yet.

$XBTUSD Conventional trendlines show current area of trade:

$XBTUSD log scale channel wall would be a likely bounce point in the case of a significant pullback:

ETH/LTC Basic Fib Models:

$ETHUSD pulled back to a potential good entry point on the quad wall around 700 area. Key levels:

215, 420, 624, 828.

Link: https://www.tradingview.com/chart/ETHUSD/rHyzLbFt-ETHUSD-Basic-model-updated-17-Dec-2017/

$LTCUSD cooling off after a huge run this week. Key levels to watch are 192, 287, 381, 475:

Link: https://www.tradingview.com/chart/LTCUSD/faXlPVC1-LTCUSD-basic-model-updated-17-Dec-2017/

 

Bitcoin Related Equities:

$OSTK – Overstock.com, Inc.

12/17: Sitting at 52-week highs. Stoch RSI going up, MACD crossed up, SQZMOM trending up and about to turn green. 70.20 area is next resistance, 56.30 area nearest support. Over 70 it could see 84 area.

Link: https://www.tradingview.com/chart/OSTK/1eaJDU1x-OSTK-12-17-17/

$MGTI – Management Capital Investments, Inc.

12/17: Trading 4.20, near 52-week highs. A bit extended here, stoch RSI near top and beginning to turn down. However, it has the horns set up and could really go if it confirms over 4.60 area resistance.

Link: https://www.tradingview.com/chart/MGTI/1zxlYA8V-MGTI-12-17-17/

SQ – Square, Inc.

12/17: Testing support in the model as well as the 50 MA on the daily chart. Stoch RSI near bottom but starting to trend up. Waiting on MACD to cross up and SQZMOM to start trending the right direction before making an entry.

Link: https://www.tradingview.com/chart/SQ/uRigfr4p-SQ-12-17-17/

 

More Examples of High Probability Trades in the Model: 

  • Below is a textbook example of the highest probability trade in the model (break of the upper right quad wall). Trades like this are repeatable and extremely predictable in the model.

  • Below is an example of a trade over a resistance cluster (and break of the quad wall). Notice the huge volume when the resistance cluster is breached. I went long on new candle over the quad wall/resistance cluster, added over the midline and exited at the upper quad wall.

  • Below is a trade using both the large orange quadrants and the smaller grey quadrants. First trigger is breach of the (shared) quad wall, then confirmed over the midline in the small quad. Struggled a bit with the next quad wall (I use tight stops when playing the smaller quadrants) but eventually got to my target at the midline.

 

  • Although the targets are still in very early development phase, we did get a direct target hit down to the second on August 22. Also a good example of a short opportunity as it enters the quadrant from the upper left and loses its mid line. Then another good long opportunity as it enters the small quadrant through the lower left wall, shown by the white arrows:

  • I’m not on the short side too often, but I will do it when the upper left quad wall is breached to the downside. Another high probability trade in the model, this one live tweeted:

 

  • The best ROI comes when trade moves between quadrants, but we can do some intraday scalping off the quad wall too.

  • And another live tweeted win on the break of a quad wall:

 

 


Crypto the Bitcoin Algorithm Newsletter Monday December 11, 2017  #Bitcoin $BTCUSD $XBTUSD $BTC $BITCF $BTCS $BTSC $GBTC

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • CBOE’s Bitcoin Futures launch went well last night – Next up is CME on December 18th, which should have significantly more liquidity than CBOE. I will continue to trade with caution as that date approaches. 
  • Due to the recent volatility across crypto markets, the original model has not been reliable of late. For this reason, this weeks report will focus on new charting Curt has developed as well as my original daily chart model.
  • Join us in our private Crypto Trading room on discord! Curt, Sartaj and I have been team trading as well as posting TONS of supplemental charting in there. 
  • We have been trading $XBTUSD (BTC/USD Inverse perpetual swap contracts) on BitMEX.
    • $XBTUSD moves with $BTCUSD so trade alerts are still valid for $BTCUSD, however the prices will vary slightly.
  • You can read my blog post about how to trade Bitcoin here. I will post an update with more information about BitMEX as soon as I can.
  • 24 hour trade room on discord is gaining traction – A few things to keep in mind going in:
    • #TeamTrading is key in a 24-hour room like this. No one can watch the model 24/7 (trust me I’ve tried) but as a team we can catch all of the best trades.
    • To make this work we need an orderly chat room, full of highly functioning people, all trading together.
    • In Curt’s words, the accuracy of the model plus the margins on Bitcoin combined with #TeamTrading will take this thing from Compound Trading to “uber quantum leap compound trading.” If done right, our ROI will be absolutely astronomical.
    • As always, don’t hesitate to DM me on twitter (@reedshermanator) if you have any questions, comments, concerns, etc.

Primary Methods of Trade: 

Live Twitter Alert Feed for Bitcoin Trades: @BTCAlerts_CT

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange or grey diagonal dotted lines – the thicker orange lines are more significant) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the midline of the upper quadrant – over the midline you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant gives you the widest trading range.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the midline of the quadrant – under the midline you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 fibonacci levels (midlines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the 2 most likely prices at the end of each 75-hour time cycle. These are still in very early stage of development/testing and should be used for observation only at this point. Two are provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. Only one is expected to hit on each time cycle. These targets have been less predictable with the recent market volatility. I do not recommend entering trades based on these targets.

Natural Support/Resistance: Natural support/resistance is represented on the chart by purple horizontal lines. Although generally reliable, these are not a great indicator in the current area of trade because they rely on history.Thicker natural resistance lines on the chart are the most significant. 

Conventional Charting: Conventional charting should be weighed in to all trade decisions.

Bitcoin Algorithm Live Charting Link:

New Charting: https://www.tradingview.com/chart/XBTUSD/stuvYiJZ-XBTUSD-buy-sell-triggers-at-gray-and-green-arrows/

Original Daily Chart Model: https://www.tradingview.com/chart/XBTUSD/V5sFWG0M-XBTUSD-Daily-Model-12-11-17/

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Observations in the current area of trade:

New $XBTUSD charting courtesy of Curt provides simplicity and accuracy in this new area of trade. Green and grey arrows act as buy/sell triggers. Key levels are as follows:

9882, 13772, 17776, 21736, 25684.

Blue arrows on this new charting outline the trajectory $XBTUSD trade should follow. Remains bullish inside the green triangle below – Targets highlight likely price points:

01/09/18: 9816 or 17762

02/22/18: 13772 or 21708

$XBTUSD trading in a new range of original daily model following CBOE futures launch. Key levels are as follows:

13377, 15464, 17551, 19638, 21725.

$XBTUSD conventional charting notes:

  • Stoch RSI is just now starting to turn up – This may be an ominous sign if you are short.
  • Worth keeping in mind that the 200 MA still sits all the way down at 4888. Good to have that perspective in case of a significant correction.
  • SQZMOM and MACD continue to give very bullish signals.

$XBTUSD daily model continues to be a reliable tool – Midlines (grey and green) and quad walls are especially significant. Trading session change (7 PM EST on BitMEX) is especially important when using this model:

 

 

 

 

More Examples of High Probability Trades in the Model: 

  • Below is a textbook example of the highest probability trade in the model (break of the upper right quad wall). Trades like this are repeatable and extremely predictable in the model.

  • Below is an example of a trade over a resistance cluster (and break of the quad wall). Notice the huge volume when the resistance cluster is breached. I went long on new candle over the quad wall/resistance cluster, added over the midline and exited at the upper quad wall.

  • Below is a trade using both the large orange quadrants and the smaller grey quadrants. First trigger is breach of the (shared) quad wall, then confirmed over the midline in the small quad. Struggled a bit with the next quad wall (I use tight stops when playing the smaller quadrants) but eventually got to my target at the midline.

 

  • Although the targets are still in very early development phase, we did get a direct target hit down to the second on August 22. Also a good example of a short opportunity as it enters the quadrant from the upper left and loses its mid line. Then another good long opportunity as it enters the small quadrant through the lower left wall, shown by the white arrows:

  • I’m not on the short side too often, but I will do it when the upper left quad wall is breached to the downside. Another high probability trade in the model, this one live tweeted:

 

  • The best ROI comes when trade moves between quadrants, but we can do some intraday scalping off the quad wall too.

  • And another live tweeted win on the break of a quad wall: