The Signal - Hunt Bitcoin CoT Buy/SellThe Signal - Hunt Bitcoin CoT Buy/Sell
Why Bother with another CoT signal?
Its different & focused on the Insider's. The Largest 4 Open Interest Seller and the Largest 4 open Interest Longs, plus the distance they are apart, the Delta, what does high percentage of Largest 4 sellers mean with a low 4 OI Buyers. , what when the usually higher Sellers are low and the largest 4 buyers almost the same value , Time to track the insiders Delta..
Performance -
This Indicator provided a
1. Signal 1 = 26th March 2019 = SUPER LONG at $4,500 that saw a near $14,000 run up
2. Signal 2 = 18th & 24th June 2019 = SHORT at the second & final level $11,700 after repeated attempts & failure in the $13K range, the mini Echo Bitcoin Bull of 2019
3. Signal 3 = 17th December 2019 = LONG $6,900, Bitcoin rallied to Mid $10,500's
4. Signal 4 = 18th Feb 2020 = SUPER SHORT from $9,700's to a final extreme Low of $3,000, calling the CV-19 collapse
5. Signal 5 = 17th March 2020 = LONG from $5,400 no closure point yet
6. Signal 6 = 29th June 2020 = SUPER LONG reiterate from $10,700 no closure sell signal yet
7. Signal 7 = 17th May 2020 = LONG another accumulate LONG with no sell signal yet generated at Post H&S's low of $33,000
Note - This indicator only commences March 2019, as Bitcoin futures were a recent introduction and needed to settle for 6 months in both use and data, no signals were meaningful prior & data was light.
What is Provided. - Please note the need to also add the Hunt Bitcoin Historical Volatility Indicator for full understanding.
We provide 3 things with the 3 indicators.
'Insider' indications from Largest players in the futures market.
1. Bitcoin Macro Buy Signals.
a) The Bitcoin Commitment of Traders results see us focus solely on Largest 4 Short Open Interest & Largest 4 Long Open Interest aspects of the CoT Release data.
When the difference - is tight, a kind of pinch, these have been great Buy signals in Bitcoin.
We call this difference the Delta & When Delta is 5% or less Bitcoin is a Buy.
2. Bitcoin Macro Sells.
a) A sell signal is Triggered in Bitcoin at any point the Largest 4 short OI > or = to 70
3. AMPLIFIER Trade signals 'Super' Longs or Shorts -
Extreme low volatility events leads to highly impulsive & volatile subsequent moves, if either of 1 or 2 above occur, combined with extreme low volatility
a 'Super Long' or 'SUPER SELL' is generated. In the case of the short side, given Bitcoins general expansive and MACRO Bull trend since inception, we seek an additional component
that is an extreme differential/Delta reading between 4 biggest Longs & Shorts OI.
Namely CoT Delta also must be > 47.5%
We also have a Cautionary level, where it is not necessarily a good idea to accumulate Bitcon, as a better opportunity lower may avail itself, see conditions below.
So the required logic explicitly stated below for all Signals.
1. Long - Hunt Bitcoin CoT Delta < or = 5
2. SUPER Long - Hunt Bitcoin CoT Delta < or = 5; and 2 Day Historical Bitcoin Volatility = or < 20
3. Short - Largest 4 Sellers OI = or > 70
4. SUPER Short - Largest 4 Sellers OI = or > 70; AND..
Hunt Bitcoin CoT Delta = or > 47.5 AND 2 Day Historical BTC Volatility = or < 20
5. Caution - Largest 4 Sellers OI = or > 67.5 AND Hunt Bitcoin CoT Delta = or > 45
WARNING SEE Notes Below
Note 1 - = Largest 4 Open Interest Shorts
Note 2 - = Largest 4 Open Interest Longs
Note 3 - = Hunt Cot Delta = (Largest 4 sellers OI) -( Largest 4 Buyers OI)
Caution = Avoid new Bitcoin Accumulation Right Now, A sell signal might follow Enter on next Long
Note 4 - The Hunt Bitcoin COT Delta signal is a Largest 'Insider' Tracking tool based on a segment of Commitment of Traders data on Bitcoin Futures, released once a week on a Friday.
It is a Macro Timeframe signal , and should not be used for Day trading and Short Timeframe analysis , Entries may be optimised after a Hunt Bitcoin CoT Signal is generated by separate shorter Timeframe analysis.
Note 5 - The Historical Bitcoin Volatility is an additional 'Amplifier' component to the 'Hunt Bitcoin Cot Delta' Insider Signal
Note 6 - The Historical Bitcoin Volatility criteria varies by timeframe, the above levels are those applying on a Two Day TF Chart, select this custom timeframe in Trading View.
if additional criteria are met for LONG & SHORT insider signals, they may become 'Super Longs/Shorts', see conditions box above.
Tìm kiếm tập lệnh với "bitcoin"
The Amplifier - Two Day Historical Bitcoin Volatility PlotThe 3rd piece to the other two pieces to our CoT study. This is the Amplifier, which turns select signals into 'Super' Buys/Sells
The other two being the 'Bitcoin Insider CoT Delta', and the on chart Price indicator most will have, if no others the 'Hunt Bitcoin CoT Buy/Sell Signals' that will indicate the key signals, ave 4 a year on the chart as they occur.
Why Bother another CoT signal?
Its different & focused on the Insider's.
Performance -
This Indicator provided a
1. Signal 1 = 26th March 2019 = SUPER LONG at $4,500 that saw a near $14,000 run up
2. Signal 2 = 18th & 24th June 2019 = SHORT at the second & final level $11,700 after repeated attempts & failure in the $13K range, the mini Echo Bitcoin Bull of 2019
3. Signal 3 = 17th December 2019 = LONG $6,900, Bitcoin rallied to Mid $10,500's
4. Signal 4 = 18th Feb 2020 = SUPER SHORT from $9,700's to a final extreme Low of $3,000, calling the CV-19 collapse
5. Signal 5 = 17th March 2020 = LONG from $5,400 no closure point yet
6. Signal 6 = 29th June 2020 = SUPER LONG reiterate from $10,700 no closure sell signal yet
7. Signal 7 = 17th May 2020 = LONG another accumulate LONG with no sell signal yet generated at Post H&S's low of $33,000
Note - This indicator only commences March 2019, as Bitcoin futures were a recent introduction and needed to settle for 6 months in both use and data, no signals were meaningful prior & data was light.
What is Provided. - Please note the need to also add the Hunt Bitcoin Historical Volatility Indicator for full understanding.
We provide 3 things with the 3 indicators.
'Insider' indications from Largest players in the futures market.
1. Bitcoin Macro Buy Signals.
a) The Bitcoin Commitment of Traders results see us focus solely on Largest 4 Short Open Interest & Largest 4 Long Open Interest aspects of the CoT Release data.
When the difference - is tight, a kind of pinch, these have been great Buy signals in Bitcoin.
We call this difference the Delta & When Delta is 5% or less Bitcoin is a Buy.
2. Bitcoin Macro Sells.
a) A sell signal is Triggered in Bitcoin at any point the Largest 4 short OI > or = to 70
3. AMPLIFIER Trade signals 'Super' Longs or Shorts -
Extreme low volatility events leads to highly impulsive & volatile subsequent moves, if either of 1 or 2 above occur, combined with extreme low volatility
a 'Super Long' or 'SUPER SELL' is generated. In the case of the short side, given Bitcoins general expansive and MACRO Bull trend since inception, we seek an additional component
that is an extreme differential/Delta reading between 4 biggest Longs & Shorts OI.
Namely CoT Delta also must be > 47.5%
We also have a Cautionary level, where it is not necessarily a good idea to accumulate Bitcon, as a better opportunity lower may avail itself, see conditions below.
So the required logic explicitly stated below for all Signals.
1. Long - Hunt Bitcoin CoT Delta < or = 5
2. SUPER Long - Hunt Bitcoin CoT Delta < or = 5; and 2 Day Historical Bitcoin Volatility = or < 20
3. Short - Largest 4 Sellers OI = or > 70
4. SUPER Short - Largest 4 Sellers OI = or > 70; AND..
Hunt Bitcoin CoT Delta = or > 47.5 AND 2 Day Historical BTC Volatility = or < 20
5. Caution - Largest 4 Sellers OI = or > 67.5 AND Hunt Bitcoin CoT Delta = or > 45
WARNING SEE Notes Below
Note 1 - = Largest 4 Open Interest Shorts
Note 2 - = Largest 4 Open Interest Longs
Note 3 - = Hunt Cot Delta = (Largest 4 sellers OI) -( Largest 4 Buyers OI)
Caution = Avoid new Bitcoin Accumulation Right Now, A sell signal might follow Enter on next Long
Note 4 - The Hunt Bitcoin COT Delta signal is a Largest 'Insider' Tracking tool based on a segment of Commitment of Traders data on Bitcoin Futures, released once a week on a Friday.
It is a Macro Timeframe signal , and should not be used for Day trading and Short Timeframe analysis , Entries may be optimised after a Hunt Bitcoin CoT Signal is generated by separate shorter Timeframe analysis.
Note 5 - The Historical Bitcoin Volatility is an additional 'Amplifier' component to the 'Hunt Bitcoin Cot Delta' Insider Signal
Note 6 - The Historical Bitcoin Volatility criteria varies by timeframe, the above levels are those applying on a Two Day TF Chart, select this custom timeframe in Trading View.
if additional criteria are met for LONG & SHORT insider signals, they may become 'Super Longs/Shorts', see conditions box above.
Hunt Bitcoin CoT Buy/Sell signalWhy Bother another CoT signal?
Its different & focused on the Insider's.
Performance -
This Indicator provided a
1. Signal 1 = 26th March 2019 = SUPER LONG at $4,500 that saw a near $14,000 run up
2. Signal 2 = 18th & 24th June 2019 = SHORT at the second & final level $11,700 after repeated attempts & failure in the $13K range, the mini Echo Bitcoin Bull of 2019
3. Signal 3 = 17th December 2019 = LONG $6,900, Bitcoin rallied to Mid $10,500's
4. Signal 4 = 18th Feb 2020 = SUPER SHORT from $9,700's to a final extreme Low of $3,000, calling the CV-19 collapse
5. Signal 5 = 17th March 2020 = LONG from $5,400 no closure point yet
6. Signal 6 = 29th June 2020 = SUPER LONG reiterate from $10,700 no closure sell signal yet
7. Signal 7 = 17th May 2020 = LONG another accumulate LONG with no sell signal yet generated at Post H&S's low of $33,000
Note - This indicator only commences March 2019, as Bitcoin futures were a recent introduction and needed to settle for 6 months in both use and data, no signals were meaningful prior & data was light.
What is Provided. - Please note the need to also add the Hunt Bitcoin Historical Volatility Indicator for full understanding.
We provide 3 things with the 3 indicators.
'Insider' indications from Largest players in the futures market.
1. Bitcoin Macro Buy Signals.
a) The Bitcoin Commitment of Traders results see us focus solely on Largest 4 Short Open Interest & Largest 4 Long Open Interest aspects of the CoT Release data.
When the difference - is tight, a kind of pinch, these have been great Buy signals in Bitcoin.
We call this difference the Delta & When Delta is 5% or less Bitcoin is a Buy.
2. Bitcoin Macro Sells.
a) A sell signal is Triggered in Bitcoin at any point the Largest 4 short OI > or = to 70
3. AMPLIFIER Trade signals 'Super' Longs or Shorts -
Extreme low volatility events leads to highly impulsive & volatile subsequent moves, if either of 1 or 2 above occur, combined with extreme low volatility
a 'Super Long' or 'SUPER SELL' is generated. In the case of the short side, given Bitcoins general expansive and MACRO Bull trend since inception, we seek an additional component
that is an extreme differential/Delta reading between 4 biggest Longs & Shorts OI.
Namely CoT Delta also must be > 47.5%
We also have a Cautionary level, where it is not necessarily a good idea to accumulate Bitcon, as a better opportunity lower may avail itself, see conditions below.
So the required logic explicitly stated below for all Signals.
1. Long - Hunt Bitcoin CoT Delta < or = 5
2. SUPER Long - Hunt Bitcoin CoT Delta < or = 5; and 2 Day Historical Bitcoin Volatility = or < 20
3. Short - Largest 4 Sellers OI = or > 70
4. SUPER Short - Largest 4 Sellers OI = or > 70; AND..
Hunt Bitcoin CoT Delta = or > 47.5 AND 2 Day Historical BTC Volatility = or < 20
5. Caution - Largest 4 Sellers OI = or > 67.5 AND Hunt Bitcoin CoT Delta = or > 45
WARNING SEE Notes Below
Note 1 - = Largest 4 Open Interest Shorts
Note 2 - = Largest 4 Open Interest Longs
Note 3 - = Hunt Cot Delta = (Largest 4 sellers OI) -( Largest 4 Buyers OI)
Caution = Avoid new Bitcoin Accumulation Right Now, A sell signal might follow Enter on next Long
Note 4 - The Hunt Bitcoin COT Delta signal is a Largest 'Insider' Tracking tool based on a segment of Commitment of Traders data on Bitcoin Futures, released once a week on a Friday.
It is a Macro Timeframe signal , and should not be used for Day trading and Short Timeframe analysis , Entries may be optimised after a Hunt Bitcoin CoT Signal is generated by separate shorter Timeframe analysis.
Note 5 - The Historical Bitcoin Volatility is an additional 'Amplifier' component to the 'Hunt Bitcoin Cot Delta' Insider Signal
Note 6 - The Historical Bitcoin Volatility criteria varies by timeframe, the above levels are those applying on a Two Day TF Chart, select this custom timeframe in Trading View.
if additional criteria are met for LONG & SHORT insider signals, they may become 'Super Longs/Shorts', see conditions box above.
Hunt Bitcoin CoT Open Interest DeltaWhy Bother another CoT signal?
Its different & focused on the Insider's.
Performance -
This Indicator provided a
1. Signal 1 = 26th March 2019 = SUPER LONG at $4,500 that saw a near $14,000 run up
2. Signal 2 = 18th & 24th June 2019 = SHORT at the second & final level $11,700 after repeated attempts & failure in the $13K range, the mini Echo Bitcoin Bull of 2019
3. Signal 3 = 17th December 2019 = LONG $6,900, Bitcoin rallied to Mid $10,500's
4. Signal 4 = 18th Feb 2020 = SUPER SHORT from $9,700's to a final extreme Low of $3,000, calling the CV-19 collapse
5. Signal 5 = 17th March 2020 = LONG from $5,400 no closure point yet
6. Signal 6 = 29th June 2020 = SUPER LONG reiterate from $10,700 no closure sell signal yet
7. Signal 7 = 17th May 2020 = LONG another accumulate LONG with no sell signal yet generated at Post H&S's low of $33,000
Note - This indicator only commences March 2019, as Bitcoin futures were a recent introduction and needed to settle for 6 months in both use and data, no signals were meaningful prior & data was light.
What is Provided. - Please note the need to also add the Hunt Bitcoin Historical Volatility Indicator for full understanding.
We provide 3 things with the 3 indicators.
'Insider' indications from Largest players in the futures market.
1. Bitcoin Macro Buy Signals.
a) The Bitcoin Commitment of Traders results see us focus solely on Largest 4 Short Open Interest & Largest 4 Long Open Interest aspects of the CoT Release data.
When the difference - is tight, a kind of pinch, these have been great Buy signals in Bitcoin.
We call this difference the Delta & When Delta is 5% or less Bitcoin is a Buy.
2. Bitcoin Macro Sells.
a) A sell signal is Triggered in Bitcoin at any point the Largest 4 short OI > or = to 70
3. AMPLIFIER Trade signals 'Super' Longs or Shorts -
Extreme low volatility events leads to highly impulsive & volatile subsequent moves, if either of 1 or 2 above occur, combined with extreme low volatility
a 'Super Long' or 'SUPER SELL' is generated. In the case of the short side, given Bitcoins general expansive and MACRO Bull trend since inception, we seek an additional component
that is an extreme differential/Delta reading between 4 biggest Longs & Shorts OI.
Namely CoT Delta also must be > 47.5%
We also have a Cautionary level, where it is not necessarily a good idea to accumulate Bitcon, as a better opportunity lower may avail itself, see conditions below.
So the required logic explicitly stated below for all Signals.
1. Long - Hunt Bitcoin CoT Delta < or = 5
2. SUPER Long - Hunt Bitcoin CoT Delta < or = 5; and 2 Day Historical Bitcoin Volatility = or < 20
3. Short - Largest 4 Sellers OI = or > 70
4. SUPER Short - Largest 4 Sellers OI = or > 70; AND..
Hunt Bitcoin CoT Delta = or > 47.5 AND 2 Day Historical BTC Volatility = or < 20
5. Caution - Largest 4 Sellers OI = or > 67.5 AND Hunt Bitcoin CoT Delta = or > 45
WARNING SEE Notes Below
Note 1 - = Largest 4 Open Interest Shorts
Note 2 - = Largest 4 Open Interest Longs
Note 3 - = Hunt Cot Delta = (Largest 4 sellers OI) -( Largest 4 Buyers OI)
Caution = Avoid new Bitcoin Accumulation Right Now, A sell signal might follow Enter on next Long
Note 4 - The Hunt Bitcoin COT Delta signal is a Largest 'Insider' Tracking tool based on a segment of Commitment of Traders data on Bitcoin Futures, released once a week on a Friday.
It is a Macro Timeframe signal , and should not be used for Day trading and Short Timeframe analysis , Entries may be optimised after a Hunt Bitcoin CoT Signal is generated by separate shorter Timeframe analysis.
Note 5 - The Historical Bitcoin Volatility is an additional 'Amplifier' component to the 'Hunt Bitcoin Cot Delta' Insider Signal
Note 6 - The Historical Bitcoin Volatility criteria varies by timeframe, the above levels are those applying on a Two Day TF Chart, select this custom timeframe in Trading View.
if additional criteria are met for LONG & SHORT insider signals, they may become 'Super Longs/Shorts', see conditions box above.
[blackcat] L1 Bitcoin Guppy Whale Pump Dump OscillatorLevel: 1
Background
The Guppy Multiple Moving Average (GMMA) is a technical indicator that identifies changing trends, breakouts, and trading opportunities in the price of an asset by combining two sets of moving averages (MA) with different time periods. There is a short term group of MAs and a long term group of MAs.
One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the price movements of cryptocurrencies, especially Bitcoin . Therefore, how to monitor Whale trends is of great significance both in terms of fundamentals and technical aspects.
Function
L1 Bitcoin Guppy Whale Pump Dump Oscillator is innovative because it was moved from main chart to aux chart and the input source of Guppy moving average was changed in to bias rate of key EMAs. This makes it work as a Guppy oscillator. This Guppy oscillator was designed and optimized to detect whale pump and dump behavior for BTCUSD or BTCUSDT trading pairs. When whale pump is detected, yellow candles appear; when whale dump is detected, fuchsia candles appear.
Key Signal
di,d1~d8 ---> Guppy oscillator lines
pump --> whale pump detector
dump --> whale dump detector
Pros and Cons
Pros:
1. easy observe price trend
2. it detects whale pump and dump
Cons:
1. no explicit entries are disclosed
2. only optimized for Bitcoin usd/usdt trading pairs
Remarks
Courtesy of @LunaOwl " Rainbow Color Gradient" for colorful Guppy oscillator lines in this script
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
QuantNomad - Bitcoin NVT/NVTSIn this script I included 2 quite interesting indicators for Bitcoin:
* NVT (Network Value to Transactions Ratio)
* NVTS (NVT Signal)
Both indicators are based on Bitcoin Network Value (Market Cap) and 24h transaction volume.
For both these values I'm using Quandl datasets from Blockchainc.com:
market_cap: QUANDL:BCHAIN/MKTCP
transac_vol: QUANDL:BCHAIN/ETRVU
Calculation for both indicators are pretty simple:
NVT = median(market_cap / transac_vol, 14 bars)
NVTS = market_cap / sma(transac_vol, 90 bars)
NVT and NVTS are cryptocurrency's answers to P/E ratio. They can help you to understand if bitcoin is under/overvalued.
When NVT or NVTS is relatively high it can be a pretty good point to short bitcoin, if it's low it good time to buy bitcoin.
NVT Ratio - was created by Willy Woo
NVT Signal - was created by Dimitry Kalichkin
Because of different sources of transaction volume data, these indicators can differ in values from originals, but magnitude should be the same.
This is a pretty simple example where you can select only static overbought/oversold levels and when indicator will be above/below it you will see in changing in color.
I have many more things in my head how these indicators can be developed further and what strategies can be derived from them, but as is they can be a pretty good base for you. Will share my advanced findings later.
CME Gap Finder - BitcoinOnly for Bitcoin!
This indicator locates weekly gaps created by the CME Futures market for Bitcoin.
As you can see, Bitcoin tends to close the weekly gaps created in the futures market so I thought this could be a very useful tool.
Instead of having to look between multiple charts, this simply overlays the past weeks open and close should a gap appear.
I hope you find this indicator useful!
Cheers!
Wagmi Lab- Bitcoin H4 Buy Sell Signals This indicator, designed primarily for Bitcoin on the H4 timeframe, is a versatile tool that can also be applied to other assets and timeframes by adjusting its parameters. It combines Exponential Moving Averages (EMAs), MACD (Moving Average Convergence Divergence), and a crossover filtering mechanism to generate reliable buy and sell signals. The indicator is ideal for traders looking to identify trend direction and potential entry/exit points with added precision.
Key Features:
Customizable EMAs and MACD:
Fast EMA (default: 12): Tracks short-term price momentum.
Slow EMA (default: 26): Tracks long-term price momentum.
Signal SMA (default: 9): Smooths the MACD line to generate the signal line.
MACD Crossover Signals:
The indicator calculates the MACD line and signal line to identify potential buy and sell opportunities.
Buy signals are generated when the MACD line crosses above the signal line, indicating bullish momentum.
Sell signals are generated when the MACD line crosses below the signal line, indicating bearish momentum.
Crossover Strength Filter:
A minimum crossover distance percentage (default: 0.1%) ensures that only significant crossovers are considered, reducing false signals.
This filter helps traders avoid weak or insignificant crossovers that may not lead to strong price movements.
Trend Visualization:
The indicator highlights the trend direction by filling the area between the fast and slow EMAs with colors:
Green: Uptrend (MACD > Signal Line).
Red: Downtrend (MACD < Signal Line).
Buy/Sell Signal Markers:
Buy signals are marked with green circles below the price bars.
Sell signals are marked with red circles above the price bars.
These markers provide clear visual cues for potential entry and exit points.
Adaptable to Other Timeframes and Assets:
While optimized for the H4 timeframe, the indicator can be adjusted for other timeframes (e.g., M15, H1, D1) by modifying the EMA and SMA settings.
It can also be applied to other assets, such as stocks, forex, or commodities, by tweaking the parameters to suit the asset's volatility and characteristics.
How to Use:
Identify Trends:
Use the colored areas (green for uptrend, red for downtrend) to determine the overall market direction.
Wait for Confirmation:
Look for buy or sell signals (green or red circles) that align with the trend direction.
Ensure the crossover meets the minimum distance requirement to filter out weak signals.
Enter and Exit Trades:
Enter a long position when a buy signal appears during an uptrend.
Enter a short position or exit a long position when a sell signal appears during a downtrend.
Adjust Settings for Other Timeframes/Assets:
Experiment with the EMA and SMA periods to optimize the indicator for different timeframes or assets.
Why Use This Indicator?
Precision: The crossover strength filter reduces noise and false signals.
Versatility: Works across multiple timeframes and assets with customizable settings.
Visual Clarity: Clear trend visualization and signal markers make it easy to interpret.
This indicator is a powerful tool for traders seeking to capitalize on Bitcoin's volatility or other assets' price movements, providing a structured approach to identifying trends and potential trading opportunities.
Pi Cycle Bitcoin Top and Bottom (Daily)Pi Cycle Bitcoin Top and Bottom (Daily)
This indicator combines the renowned Pi Cycle Top and Pi Cycle Bottom indicators into one comprehensive tool designed to identify Bitcoin's market cycle tops and bottoms with precision.
Pi Cycle Top
The Pi Cycle Top indicator uses the 111-day moving average (111DMA) and a multiple of the 350-day moving average (350DMA x 2). Historically, this indicator has identified Bitcoin’s price cycle peaks with an accuracy of up to 3 days.
📈 When the 111DMA crosses above the 350DMA x 2, it signals a market cycle top.
Pi Cycle Bottom
The Pi Cycle Bottom indicator utilizes the 150-day exponential moving average (150EMA) and a multiple of the 471-day simple moving average (471SMA x 0.745). Over past cycles, this combination has effectively pinpointed Bitcoin’s market bottoms with the same level of accuracy.
📉 When the 150EMA crosses below the 471SMA x 0.745, it signals a market cycle bottom.
Parabola
As an additional feature, the indicator identifies moments when the 150EMA crosses back above the 471SMA x 0.745, suggesting a potential parabolic price movement.
Features
Precision: Both indicators have historically aligned with major market turning points.
Customizable settings: Adjust the short and long moving averages to fit your analysis needs.
Alerts: Real-time alerts can be enabled for identifying market tops and bottoms.
Clear visualization: Optional moving average lines and signal markers make it easy to track market trends.
Full credits to Philip Swift, PositiveCrypto, Tondy, BilzerianCandle.
Intellect_city - Halvings Bitcoin CycleWhat is halving?
The halving timer shows when the next Bitcoin halving will occur, as well as the dates of past halvings. This event occurs every 210,000 blocks, which is approximately every 4 years. Halving reduces the emission reward by half. The original Bitcoin reward was 50 BTC per block found.
Why is halving necessary?
Halving allows you to maintain an algorithmically specified emission level. Anyone can verify that no more than 21 million bitcoins can be issued using this algorithm. Moreover, everyone can see how much was issued earlier, at what speed the emission is happening now, and how many bitcoins remain to be mined in the future. Even a sharp increase or decrease in mining capacity will not significantly affect this process. In this case, during the next difficulty recalculation, which occurs every 2014 blocks, the mining difficulty will be recalculated so that blocks are still found approximately once every ten minutes.
How does halving work in Bitcoin blocks?
The miner who collects the block adds a so-called coinbase transaction. This transaction has no entry, only exit with the receipt of emission coins to your address. If the miner's block wins, then the entire network will consider these coins to have been obtained through legitimate means. The maximum reward size is determined by the algorithm; the miner can specify the maximum reward size for the current period or less. If he puts the reward higher than possible, the network will reject such a block and the miner will not receive anything. After each halving, miners have to halve the reward they assign to themselves, otherwise their blocks will be rejected and will not make it to the main branch of the blockchain.
The impact of halving on the price of Bitcoin
It is believed that with constant demand, a halving of supply should double the value of the asset. In practice, the market knows when the halving will occur and prepares for this event in advance. Typically, the Bitcoin rate begins to rise about six months before the halving, and during the halving itself it does not change much. On average for past periods, the upper peak of the rate can be observed more than a year after the halving. It is almost impossible to predict future periods because, in addition to the reduction in emissions, many other factors influence the exchange rate. For example, major hacks or bankruptcies of crypto companies, the situation on the stock market, manipulation of “whales,” or changes in legislative regulation.
---------------------------------------------
Table - Past and future Bitcoin halvings:
---------------------------------------------
Date: Number of blocks: Award:
0 - 03-01-2009 - 0 block - 50 BTC
1 - 28-11-2012 - 210000 block - 25 BTC
2 - 09-07-2016 - 420000 block - 12.5 BTC
3 - 11-05-2020 - 630000 block - 6.25 BTC
4 - 20-04-2024 - 840000 block - 3.125 BTC
5 - 24-03-2028 - 1050000 block - 1.5625 BTC
6 - 26-02-2032 - 1260000 block - 0.78125 BTC
7 - 30-01-2036 - 1470000 block - 0.390625 BTC
8 - 03-01-2040 - 1680000 block - 0.1953125 BTC
9 - 07-12-2043 - 1890000 block - 0.09765625 BTC
10 - 10-11-2047 - 2100000 block - 0.04882813 BTC
11 - 14-10-2051 - 2310000 block - 0.02441406 BTC
12 - 17-09-2055 - 2520000 block - 0.01220703 BTC
13 - 21-08-2059 - 2730000 block - 0.00610352 BTC
14 - 25-07-2063 - 2940000 block - 0.00305176 BTC
15 - 28-06-2067 - 3150000 block - 0.00152588 BTC
16 - 01-06-2071 - 3360000 block - 0.00076294 BTC
17 - 05-05-2075 - 3570000 block - 0.00038147 BTC
18 - 08-04-2079 - 3780000 block - 0.00019073 BTC
19 - 12-03-2083 - 3990000 block - 0.00009537 BTC
20 - 13-02-2087 - 4200000 block - 0.00004768 BTC
21 - 17-01-2091 - 4410000 block - 0.00002384 BTC
22 - 21-12-2094 - 4620000 block - 0.00001192 BTC
23 - 24-11-2098 - 4830000 block - 0.00000596 BTC
24 - 29-10-2102 - 5040000 block - 0.00000298 BTC
25 - 02-10-2106 - 5250000 block - 0.00000149 BTC
26 - 05-09-2110 - 5460000 block - 0.00000075 BTC
27 - 09-08-2114 - 5670000 block - 0.00000037 BTC
28 - 13-07-2118 - 5880000 block - 0.00000019 BTC
29 - 16-06-2122 - 6090000 block - 0.00000009 BTC
30 - 20-05-2126 - 6300000 block - 0.00000005 BTC
31 - 23-04-2130 - 6510000 block - 0.00000002 BTC
32 - 27-03-2134 - 6720000 block - 0.00000001 BTC
Creating long term bitcoin data
One of the problems, with bitcoin, is that we miss long term bitcoin data. There is not a single source from which to gather the value of bitcoin in any moment from it's inception. Or at least from when it was first exchanged into exchanges. If you look at coinmarketcap the data go back to the 28 apr 2013. But mtgox started in July 2010. If you go to yahoo, you will be able to gather data, but once you start working with this data you soon find out how poor is it. Basically it follows mtgox data while mtgox was alive, and then switched to some other exchange. But this means that we see a sudden jump in data which makes any indicator go wild. Basically it's really difficult to gather long term data on bitcoin. Also consider that mtgox did not just "go away" when it stopped trading. But in the database here it is still present with the fixed exchange rate of when it stopped.
So I tried to create the data we need. How? By taking three exchanges, and taking the median between them. The three exchanges I took were MTGOX: , BITFINEX: and KRAKEN: XBTUSD . We cannot avoid mtgox because it's the only source of data for the first years. But then as soon as the other exchanges come in we are going to use the median between them.
The indicator must be overlaid on another chart. And I use the forex usdeur which I then hide (If someone has a better idea, maybe something which is open 24/7, I would be happy to hear it).
Leonid's Bitcoin Sharpe RatioThe Sharpe ratio is an old formula used to value the risk-adjusted return of an asset. It was developed by Nobel Laureate William F. Sharpe. In this case, I have applied it to Bitcoin with an adjustable look-back date.
The Sharpe Ratio shows you the average return earned after subtracting out the risk-free rate per unit of volatility (I've defaulted this to 0.02 ).
Volatility is a measure of the price fluctuations of an asset or portfolio. Subtracting the risk-free rate from the mean return allows you to understand what the extra returns are for taking the risk.
If the indicator is flashing red, Bitcoin is temporarily overbought (expensive).
If the indicator is flashing green, Bitcoin is temporarily oversold (cheap).
The goal of this indicator is to signal out local tops & bottoms. It can be adjusted as far as the lookback time but I have found 25-26 days to be ideal.
MicroStrategy / Bitcoin Market Cap RatioThis indicator offers a unique analytical perspective by comparing the market capitalization of MicroStrategy (MSTR) with that of Bitcoin (BTC) . Designed for investors and analysts interested in the correlation between MicroStrategy's financial performance and the Bitcoin market, the script calculates and visualizes the ratio of MSTR's market capitalization to Bitcoin's market capitalization.
Key Features:
Start Date: The script considers data starting from July 28, 2020, aligning with MicroStrategy's initial announcement to invest in Bitcoin.
Data Sources: It retrieves real-time data for MSTR's total shares outstanding, MSTR's stock price, and BTC's market capitalization.
Market Cap Calculations: The script calculates MicroStrategy's market cap by multiplying its stock price with the total shares outstanding. It then forms a ratio of MSTR's market cap to BTC's market cap.
Bollinger Bands: To add a layer of analysis, the script includes Bollinger Bands around the ratio, with customizable parameters for length and multiplier. These bands can help identify overbought or oversold conditions in the relationship between MSTR's and BTC's market values.
The indicator plots the MSTR/BTC market cap ratio and the Bollinger Bands, providing a clear visual representation of the relationship between these two market values over time.
This indicator is ideal for users who are tracking the impact of Bitcoin's market movements on MicroStrategy's valuation or vice versa. It provides a novel way to visualize and analyze the interconnectedness of a leading cryptocurrency asset and a major corporate investor in the space.
TARVIS Labs - Bitcoin Macro Bottom/Top SignalsSCRIPT DESCRIPTION
This is a script specifically written to help provide indicators from a macro view. This script is best run on the 1 day interval on Bitstamp's $BTCUSD chart. It helps indicate when to accumulate bitcoin, and when its in a bull run when there are local tops, strong top warnings, and a signal to exit a bull run. This is described further below.
If you don't have interest in trading on the way to the top I suggest turning off the following indicators in the settings of the indicator:
- Opportunity To Buy Back In Indicator
- Local Top Near Bull Run Top Indicator
ACCUMULATION ZONE INDICATOR - LIGHT GREEN
Description
When we look at the history of Bitcoin every bottom has crossed below the 100 week EMA. Once it does its accompanied by hash ribbon cross with miner capitulation. After that is the prime time to accumulate as theres a clearer signal the bottom is in. Specifically, a signal to look for is the 14 day MACD/signal cross and the 14 day MACD continuing to stay above the signal until the price returns above the 100 week EMA. This is prime accumulation territory.
Strategy for Usage
A good strategy to use when accumulating the bottom is dollar-cost averaging over a 30 day period. The accumulation zone can last longer than 30 days but 30 days is a good range of time to DCA.
STRONG BUY IN ACCUMULATION ZONE INDICATOR - DARK GREEN
Description
We can add to the bottoming signal by looking for post-downtrend reversals inside the bottoming signal. We do this by using a 9/19 daily cross.
Strategy for Usage
These post-downtrend reversals can potentially provide better targeted days for accumulation than the broader bottoming signal and can be used to add more on that day than on an average day for the dollar cost average strategy. Say for example, use 1/3 of funds on these days rather than 1/30th.
OPPORTUNITY TO BUY BACK IN INDICATOR - BLUE
Description
When the 1d 18 EMA > 1d 63 EMA and the 12/52 1d crosses. These together provide good buy opportunities to buy bitcoin.
Strategy for Usage
If you happen to find yourself out of the market from your own TA or a trade, this signal can provide a buy opportunity to reenter the market if you're out of it.
BULL RUN LOCAL TOP INDICATOR - ORANGE
Description
We will similarly use the 100 week EMA to determine trend reversal into a bull run. When we see the 100 week EMA uptrending, we can begin to look for local tops using the 9/19 daily MACD/signal bearish cross along with the 12 EMA having a negative slope, which could be the beginning signal for a local top.
Strategy for Usage
This is a rather light indicator, but can be used in tandem with your own technical analysis to determine if you want to reenter after you exit from its signal.
LOCAL TOP NEAR BULL RUN TOP INDICATOR - RED
Description
When the 100 week EMA is in an uptrend we can look for significant loss of momentum in order to determine if a local top is in near a bull run top. Similar to the Bull Run Local Top Indicator, this strategy uses a MACD/signal cross but instead uses the 30/65 day EMAs.
Strategy for Usage
Ideally the right strategy to use here is to exit the market when this indicator starts. When the indicator ends if the "End of Bull Run Indicator" is not showing on the chart you can buy back into the market.
TOP IS LIKELY IN INDICATOR
Description
When the 100 week EMA is in a very strong uptrend and the 9/19 weekly MACD/signal bearish cross occurs, and the 63 EMA begins to downtrend.
Strategy for Usage
This signal typically accompanies the "Local Top Near Bull Run Top Indicator" therefore if you're following the strategy you would likely already be out of the market, but if you're not and this signal fires its a strong signal the top is in and we're likely going to start seeing a strong retrace. This is typically right before we see the "End of Bull Run Indicator". There is only one occurrence where it wasn't followed by a large drop & the "End of Bull Run Indicator" and that was in the 2017 bull run where there were many strong retracements post local top. The likelihood we see that again is low, but if it were to happen you can buy back into the market when the "Top is Likely In Indicator" and the "Local Top Near Bull Run Top Indicator" are not firing.
TOP IS LIKELY IN INDICATOR
Description
When the 100 week EMA is in a strong uptrend and the 9/19 weekly MACD/signal bearish cross occurs, and the 63 EMA begins to downtrend.
Strategy for Usage
This signal typically accompanies the "Local Top Near Bull Run Top Indicator" therefore if you're following the strategy you would likely already be out of the market, but if you're not and this signal fires its a strong signal the top is in and we're likely going to start seeing a strong retrace. This is typically right before we see the "End of Bull Run Indicator". There is only one occurrence where it wasn't followed by a large drop & the "End of Bull Run Indicator" and that was in the 2017 bull run where there were many strong retracements post local top. The likelihood we see that again is low, but if it were to happen you can buy back into the market when the "Top is Likely In Indicator" and the "Local Top Near Bull Run Top Indicator" are not firing.
END OF BULL RUN INDICATOR
Description
When the 100 week EMA is in an uptrend and the 1d 18 EMA crosses the 1d 63 EMA.
Strategy for Usage
When the 100 week EMA is a strong uptrend and the 18/63 cross occurs the top is very likely in. It has occurred in every bull run top leading to the bear market.
[5F ] Number of Bitcoin wallets-═════════════════════════-
This is a simple script that displays the total number of Bitcoins wallets based on the data provided by Quandl.
Use it in dayli resolution minimum
Refresh every day
Thanks to all Pinecoders who share their work with the community.
-═════════════════════════-
Slices of Bitcoin
A very simple indicator that shows how many times a currency fits into Bitcoin. In other words, the higher the value, the weaker the currency against Bitcoin.
You can easily see that since the beginning of 2019 Stellar Lumen (XLM) lost half of its BTC-value while the USD-value was constant.
Bitcoin Power Law with Cycle BandsBitcoin Power Law with Cycle Bands DescriptionUnlock the power of Bitcoin’s long-term trends with the Bitcoin Power Law with Cycle Bands script, exclusively available through Bitcoin Wealth Edge! This custom TradingView indicator, built for Pine Script v6, models Bitcoin’s price behavior using a 96% R² power law trendline, derived from days since its genesis (January 3, 2009). Designed to predict cycle tops and bottoms, it features:Power Law Trendline: A cyan line representing fair value (e.g., ~$111,000 as of September 2025), based on a logarithmic regression with adjustable coefficients (a = -17.02, b = 5.83).
Cycle Bands: Adjustable red (upper) and green (lower) bands, defaulting to 3.5x and -3.5x multipliers, aligning with historical peaks (e.g., $69K in 2021) and troughs (e.g., $16K in 2022).
Dynamic Labels: Real-time labels displaying fair value, upper limit ($180K), and lower limit ($40K), updated on the last bar for quick insights.
Follow @HodlerRanch
for updates!
Bitcoin Open Interest [SAKANE]Bitcoin Open Interest
— Unveiling the True Flow of Capital
PurposeVisualize and compare Bitcoin open interest (OI) from CME and Binance, the leading derivatives exchanges, in a single intuitive chart, providing traders with clear insights into crypto market capital dynamics.
Background & MotivationIn the 24/7 crypto market, price movements alone reveal only part of the story. Open interest (OI)—the total outstanding futures contracts—offers critical clues to the market’s next move. Yet, accessing and interpreting OI data is challenging:
CME Constraints: Commitment of Traders (COT) reports are weekly, and standalone BTC1! or BTC2! OI is noisy due to contract rollovers, obscuring true OI changes.
Existing Tool Limitations: Most OI indicators are fixed to either USD or BTC, limiting flexible analysis.
This indicator overcomes these hurdles, enabling seamless comparison of CME and Binance OI to track the market’s “capital center of gravity” in real time.
Key Features
Synthetic CME OI: Combines BTC1! and BTC2! to deliver high-accuracy OI, eliminating rollover noise.
Multi-Timeframe Analysis: Displays daily CME OI as pseudo-candlestick (OHLC) on any timeframe (e.g., 4H), allowing intuitive capital flow tracking across timeframes.
CME/Binance One-Click Toggle: Instantly compare institutional-driven CME and retail-driven Binance OI.
USD/BTC Flexibility: Switch between BTC (real demand) and USD (margin) perspectives for OI analysis.
Robust Design: Concise, global-scope code ensures stability and adaptability to TradingView updates.
Insights & Use Cases
Holistic Market Sentiment: Analyze capital flows by region and exchange for a multidimensional view.
Signal Detection: E.g., a sharp drop in CME OI during a sell-off may signal institutional withdrawal.
Retail Trends: A surge in Binance OI suggests retail-driven inflows.
Event-Driven Insights: E.g., during a hypothetical April 2025 “Trump Tariff Shock,” instantly identify which exchange drives capital shifts.
Unique ValueUnlike price-centric indicators, this tool focuses on capital flow (OI). It’s the only indicator offering one-click multi-timeframe and multi-exchange OI comparison, empowering traders to uncover the market’s “true intent” and gain a strategic edge.
ConclusionBitcoin Open Interest makes the market’s hidden capital movements accessible to all. By capturing market dynamics and pinpointing the “leading forces” during events, it sets a new standard for traders seeking a revolutionary perspective.
Bitcoin Halving DatesBitcoin Halving Dates Indicator
This custom indicator automatically marks Bitcoin's key halving events by drawing vertical lines on your chart. It highlights the historical halving dates (2012, 2016, 2020) and includes an estimated date for the upcoming halving in 2024, making it easy to visualize significant supply events that can influence market trends.
Features:
Automated Markings: Displays vertical lines on the first bar of each halving day.
Customizable: Easily adjust halving dates and styling options to suit your analysis.
Built for Traders: Enhance your technical analysis by keeping track of pivotal market events.
Use this indicator to gain a visual edge by integrating critical Bitcoin halving events into your trading strategy. Happy Trading!
Bitcoin Market Dominance with Moving AveragesBitcoin Market Dominance with Moving Averages
This Pine Script indicator tracks Bitcoin market dominance by calculating the percentage of Bitcoin's market capitalization relative to the total cryptocurrency market cap.
Features:
✅ Real-time BTC Dominance Calculation: Displays the percentage of Bitcoin’s market share.
✅ Moving Averages: Includes two customizable moving averages for trend analysis.
✅ Visual Alerts: Background colors indicate different dominance levels:
Green: BTC dominance is above 50% (strong BTC market control).
Red: BTC dominance is below 40% (altcoins gaining strength).
Orange: BTC dominance is between 40%-50% (neutral zone).
This tool helps traders analyze Bitcoin’s influence on the crypto market and identify key dominance trends.
[ADDYad] Google Search Trends - Bitcoin (2012 Jan - 2025 Jan)This Pine Script shows the Google Search Trends as an indicator for Bitcoin from January 2012 to January 2025, based on monthly data retrieved from Google Trends. It calculates and displays the relative search interest for Bitcoin over time, offering a historical perspective on its popularity mainly built for BITSTAMP:BTCUSD .
Important note: This is not a live indicator. It visualizes historical search trends based on Google Trends data.
Key Features:
Data Source : Google Trends (Last retrieved in January 10 2025).
Timeframe : The script is designed to be used on a monthly chart, with the data reflecting monthly search trends from January 2012 to January 2025. For other timeframes, the data is linearly interpolated to estimate the trends at finer resolutions.
Purpose : This indicator helps visualize Bitcoin's search interest over the years, offering insights into public interest and sentiment during specific periods (e.g., major price movements or news events).
Data Handling : The data is interpolated for use on non-monthly timeframes, allowing you to view search trends on any chart timeframe. This makes it versatile for use in longer-term analysis or shorter timeframes, despite the raw data being available only on a monthly basis. However, it is most relevant for Monthly, Weekly, and Daily timeframes.
How It Works:
The script calculates the number of months elapsed since January 1, 2012, and uses this to interpolate Google Trends data values for any given point in time on the chart.
The linear interpolation function adjusts the monthly data to provide an approximate trend for intermediate months.
Why It's Useful:
Track Bitcoin's historic search trends to understand how interest in Bitcoin evolved over time, potentially correlating with price movements.
Correlate search trends with price action and other market indicators to analyze the effects of public sentiment and sentiment-driven market momentum.
Final Notes:
This script is unique because it shows real-world, non-financial dataset (Google Trends) to understand price action of Bitcoin correlating with public interest. Hopefully is a valuable addition to the TradingView community.
ADDYad
Bitcoin All-Time High (ATH) Alert with Cooldown₿ Bitcoin All-Time High (ATH) Alert with Cooldown 🚀👩🚀
🔍 What it does:
This indicator tracks new all-time highs (ATHs) and alerts you when Bitcoin (or any asset) reaches a fresh ATH, while avoiding alert spam with a customizable cooldown period.
✨ Key Features
✅ Alerts for New ATHs: Never miss when Bitcoin makes history!
✅ Cooldown Period: Prevents multiple alerts within a short timeframe (customizable in settings).
✅ ATH Line on Chart: A clear, visual line marking the all-time high price.
✅ Manual Reset Option: Reset the ATH for testing or specific chart conditions.
⚙️ How to Use
Add the Indicator: Apply it to your chart like any other indicator. Ideally on a small time frame, the cooldown is 20 bars by default (adjustable) which gives 20 minutes on the 1 min chart.
Customize Settings:
- Cooldown Period (bars): Set the number of bars to wait before triggering another alert (e.g., 20 bars).
- Show All-Time High Line: Toggle to display or hide the ATH line visually.
- Reset All-Time High: Use this to manually reset the ATH to the current bar's high.
Create an Alert:
Open the "Alerts" menu.
Select the condition: "New All-Time High" .
Choose a trigger type:
Once Per Bar: For immediate alerts when a new ATH occurs.
Once Per Bar Close: To confirm the ATH at the end of each bar.
🛠️ Who is it for?
Traders and HODLers who want to stay on top of price action.
Anyone looking for clean and efficient ATH tracking with no redundant alerts
🚀 Never miss a new ATH again. Stay ahead of the market!
Bitcoin 100 Pips Indicator 5Bitcoin 100 Pips Indicator
Description: The Bitcoin 100 Pips Indicator is a powerful tool designed for traders who seek to capitalize on rapid price movements in the Bitcoin market. This indicator provides clear entry and exit signals based on a combination of price action analysis and pre-defined profit targets.
Key Features:
Quick Entry and Exit Signals: The indicator generates buy and sell signals in real-time, allowing traders to enter and exit positions quickly and effectively.
Targeting 100 Pips: Specifically designed to target 100 pips of profit for each trade, this indicator sets clear take profit and stop loss levels, helping traders manage their risk and reward effectively.
User-Friendly Interface: With easily visible signals and annotations directly on the chart, the indicator enhances your trading experience without cluttering your view.
Adjustable Settings: Traders can customize the pip target and stop loss levels according to their individual strategies, providing flexibility to accommodate different trading styles.
Ideal for Short-Term Trading: Whether you are a scalper or a day trader, this indicator is optimized for M5 and M15 timeframes, making it ideal for capturing quick price movements in the volatile Bitcoin market.
How to Use:
Apply the Bitcoin 100 Pips Indicator to your chart and select your preferred trading timeframe (M5 or M15).
Look for buy signals indicated by green labels when market conditions favor upward movement.
Conversely, watch for sell signals marked by red labels during downward trends.
Use the provided take profit and stop loss levels to manage your trades effectively.
Disclaimer: This indicator is for informational purposes only and does not guarantee profits. Always practice proper risk management and conduct your own analysis before trading.