BTC downward trading channel Step 100/50% Pivot points Cycle alt

29 nov. 2019

BTC moves in the downward channel, mainly in the internal channel in 25% increments. The external channel has a step of 50%.
It is preferable to always work in the internal channel of 70% of the position. 30% of the position is work in an external channel, in case of force majeure situations. Working in the internal channel gives a lot more purchases / sales, and thanks to a compound percentage, you get more profit.

In working in channels, a very important place is occupied by the intersection of the channel trend lines and important support / resistance levels! Look at the graph how the price reacts to these intersections. At these intersections, price reversals occur, thereby forming a further chart.

An important place in the work in the channel is occupied - this is the upper and lower boundary of the channel - an up / down break breaks the channel and the algorithm of work in it. Thus, the further formation of the channel.

Particular attention for observation is the upper line of the downtrend, which acts as the resistance of the channel. A break and fixing of the price above it will mean a trend reversal.

A breakthrough of this line was recently (false), but the price could not consolidate above it. As a result, we have further movement in the downward channel.
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The cycle with altcoins. btc / usd-----alt / usd-----btc / usd

On many coins, a downward channel has now formed, many pairs to USD, some go asynchronously to the BTC movement. Which is logical, as bitcoin is growing in value in dollars. But not always so simple. Very often the difference is quite significant even in pairs to USD.

There are many pairs that asynchronously go a large period of time Alt / BTC. I think that it is understood that the price does not in itself so counterbalance, but it is intentionally directed in a certain period of time. Probably only "believing TA zombies" and hamsters with a brain size the size of a walnut believe in random actions that occur on the market. How to use it I think is understandable.

For a long time I have been watching how this is discussed in various resources on the topic of trading and cryptocurrencies. As a rule, these discussions and explanations do not have practical application, because the explanations come retroactively on the chart.

People who do not understand how to apply this in real conditions on a permanent basis discuss this topic. They do not understand that this is not just happening this way, but they are specifically setting the price on a particular trading instrument. The principle of work instead of a long text and discussion can be explained in a few lines and by a real example online.

BTC / USD Upward movement + 20%



XLM / USD The downward movement is 51%, and if we take from a false breakdown then -60% The difference is 3 times in comparison with the BTC movement.




Explanations of the work.

Here is a simple example on an XLM / USD coin that formed a downstream channel like BTC / USD.

But inside the channel, the movement is asynchronous to BTC / USD. Now we are moving down to the trend line of the internal channel, which acts as a support, while BTC / USD is going up, to the upper trend line of the internal channel.

At the upper border of the channel, if there is no breakthrough and consolidation above, we sell BTC / USD (sold at the local maximum of the downward channel). At the same time, we buy at the local minimum of the downward channel for dollars XLM / USD (bought at the local minimum of the downward channel).

Then the whole action is repeated the other way around. It should also be borne in mind that this asynchronous arbitration is a profitable business, but always, when reversing, altas are ahead of BTC in profit in making real money.

I also want to add that in most cases, those coins that are sent to Bitcoin asynchronously are clamped in the horizontal channel. Rare cases, as an example, are higher on the XLM in the downstream channel, even less often in the upstream channel. The reason I think is understandable, as it is a completely manipulative action and it is easier to adjust the price precisely in the horizontal channel.

Former trading idea on the downlink XLM / USD. Published 3 weeks ago before.
Also on my YouTube channel I have a whole video about XLM trading.

XLM / USD downward trading. Pivot points.

I also wanted to remind you of the situation which is now in the ratio of bitcoin dominance.
In detail, I told everything in the video on my youtube channel and in this trading idea:

Soon pump season altcoins? Head and shoulders. Inverted Dragon.

30 nov. 2019

Note

Asynchronous BTC cycle with some altcoins. How to make money.

In this teaching idea, I described in more detail the above written form of earning on an asynchronous or late price movement in comparison with the market movement and BTC in particular.

19 janv. 2020

Note

BTC has broken the resistance of the downtrend channel (downtrend secondary trend). Thus, the price broke the trend line of phase 3 of the bearish measured move. The first time this failed, there was a false breakdown (green zone). Now the price has not just broken through, but is being traded for about 2 weeks above it.

A cup shape was also formed with a mining potential of about + 38%. This is provided that the price breaks the zone in the region of $ 9300 (yellow level). If this fails the first time, then the price will most likely fall to re-test the channel downtrend line, which will act as a support. Most likely, support will be confirmed. This confirms the new trend. The first goal is to move the price to the zone of $ 9300 (+ 25%) And then it will be clear how the price will react to this resistance.