Hey traders! Let's talk about a cool system that spots potential trend changes in crypto. It's all about using data to make smarter trades. Why use computers for trading? Simple - it takes the feels out of it. Markets can be crazy, and we humans sometimes make dumb choices when we're scared or greedy. But a computer? It just follows the rules we give it. This system is all about spotting trends. Knowing which way the market's headed is super important for making money or avoiding losses.
The Basics: What We're Looking At We use two types of moving averages: DEMA and TEMA. Don't worry about the fancy names - they're just ways to smooth out price data and spot trends faster. We also look at momentum, which is basically how fast prices are changing. It's like checking if a car is speeding up or slowing down. The system also keeps an eye on how wild the market's being. When things are crazy, it adjusts to avoid false alarms.
The Big Idea: Confluence Points This is where the magic happens. A confluence point is when a bunch of our indicators line up, suggesting the trend might be changing. Why's this cool? Well, it's like getting a bunch of friends to agree on where to eat - when everyone's pointing to the same place, you're probably onto something good.
Rolling with the Punches Markets change, so our system changes too. It tweaks its settings based on what's happening right now, not what happened last year.
The Fancy Chart Our chart shows a ton of info in a way that's easy to get: - The actual price - Trend lines showing where things are headed - Momentum stuff at the bottom - Special markers for big moments
How It Works Grabs the latest price dataCrunches some numbersLooks for those special confluence pointsDraws new trend lines when it finds them
That's the gist! The system does a ton of math behind the scenes, but what you see is a simple chart that helps you make trading decisions.
$BTC is just 16% away from $100,000. I have already started levelling out and taking profits. Beyond 100K I will enter when the price drops considerably.
$BTC we are seeing a local top forming and a retrace can be expected. This doesn't cancel the bullish trend since mid September - just balances it. 74K seems like a good support level.
$BTC just a little warning that my system has flagged a potential downtrend. Its not confirmed yet but I will be out of the market while the signal is confirmed within a few days. Then I will enter when a new uptrend is flagged. That’s my game plan. Stay safe out there.
$BTC a little more detail to how my strategy work. I look for weakness and strength in the price action. That's a combination of momentum and volume. Look at the green and the red vertical lines. They signify enter and exit. Many times a price increases without commitment - that's where I'm out. It shows weakness. Other times I see the price is dropping but with weakness and that's where I'm preparing to enter. I hope this makes sense else ask your questions here.