[EdoFazlinovic]

Some Basic Intro:
Trading noobs go through a technical analysis cycle, First you have the plain chart, no indicators, standard everything.
Then you discover some oscillators, overlays etc.
Then you add way too many, chart looks like shit, trying to use several indicators in the hope for golden setups, no idea what any indicator does or how it is intended to be used.
Then comes the enlightening, when you find something that works well, and suddenly simplify. By that point you're probably doing better and your chart will likely be clean with only one or two indicators, that you understand. Less is more.

You can go pick any indicator, scroll back in time and find shitloads of times it works and shitloads of times it doesn't. Risk management is far more important than how you choose to chart the market. You won't find an indicator that works every time. You will lose money regularly regardless. The skill is in not losing all of your trading capital. Indicators only give you the confidence to enter, and help you plan out your bias and where you want to exit.

IMAGES:Spoiler (Click to View)












DoubleBottoms / W-Pattern[/b] => Image

Trading chart patterns => Image

When in doubt stay the fuck out

Journal data will vastly accellerate noticing your own unique bad habits.
Most important is that your journal fits your style, even if it is recording voice on tape- or you won't do it.

In the end every market is always a P&D, boom-bust. The whole world might participate and central banking chairs might be the pumpers, but it's the same as a altshill on a massive scale and has the same properties/patterns.
Don't be so quick to just draw trendlines and act on them... Map out support and resistance zones and see how the price reacts in those zones.

Ok... so a big part of this game is patience.... you are never going to miss out.  Markets are always very uncertain, so it's best for the participants in a market to wait things out... see how the market is going to behave.  If you can have the patience to wait and see the bigger picture, then you can enter at the optimal time.
There are a freakin TON of crypto markets to trade... it's best to be extremely patient and wait for the best setups possible.  This way, you have the highest odds of being correct.
What people naturally do when they try to trade, is they hold losing positions and hope for it come back, and fear it going further against them. But what they should be doing is hoping for winners to profit more and they should fear being underwater.

Nodes (the users)  all validate blocks individually. When we have a set of rules (protocol) the nodes should all verify blocks in the same way. If someone changes a consensus rule, those running the changed code may or may not validate legacy chain blocks, and legacy chain nodes will definitely not validate the changed rule blocks. If a miner generates a block that the nodes on a chain reject, they've wasted time and electricity. Furthermore, if there's a fork that successfully creates two chains sharing a PoW machanism, and the coins are not the same price, they are now losing out on potential profits. Ultimately it is the market that decides the winner. Miners are free to mine minority chain blocks at a loss, but given that they can freely mine either one (all BTC forks will be SHA256) it would be foolish to do so. A problem with BTC forks is that there is a danger to the usability of chains who do not have sufficient hashrate vs the existing mining equipment. This is why altcoins create their own PoW, or in the case of ether tokens, exist on an "external" chain.  There have been SHA256 altcoins attacked to death because nobody wanted to mine them and we had powerful ASICs already.

A good example of how news affected bitcoin was the SEC ETF denial event in July, Price folded into a decent ascending triangle, then broke down on the news announcement.
CLICK FOR IMAGE


QUOTES:
Spoiler (Click to View)

Support become resistance, resistance become support. => I love this one 😊

It was never my thinking that made the big money for me, it always was sitting. Money is made by sitting, not trading.

There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.

A candle that isn't closed means nothing.

Before y'all jump on indicators and stuff ... seriously, study market dynamics first so you know what your looking for. A good start is digging into Wyckoff.
Wyckoff model for price action traders. Complete feed can be found here CryptOrca

LIST OF PDF TRADING BOOKS:

• google.com/open?id=0BxeEgnNLm1Eoem05U1pQcFNOUFk]Japanese Candlestick Charting Techniques by Steve Nison
  
• google.com/open?id=0BxeEgnNLm1EobGNPY2FmQXdfamM]WorkBook
  
• google.com/open?id=0BxeEgnNLm1EoMVZNNDF1bUoxNEk]Richard_Wyckoff_The_Day_Trader's
  
• google.com/open?id=0BxeEgnNLm1EoQnk0a04wRGdOaHc]Larry Williams - Longterm secrets to shorttem trading
  
• google.com/open?id=0BxeEgnNLm1EoSzhTVzY5X2xiNHM]Technical_analysis_for_dummies_2nd_edition
  

How to use Bittrex conditional sells:
Spoiler (Click to View)




Three Type of Traders:

• Scalper/Intraday - who is flat at the end of each day.
  
• Swing traders - who might hold a position for a few hours/days.
  
• Position traders - who hold positions for weeks/months/years.
  

Then you have investors who just buy and hold forever and don't actively watch.

One of the biggest problems newer traders face is not knowing when they want to exit. They turn a scalp into a swing trade because they are greedy and want more than the market is likely to give. Those people generally end up giving unrealised profits back.
Nobody should be quitting their jobs until they've been trading for a long time consistently, with an awesome bank roll that isn't just borrowed money.
An awful lot of you guys that have made money in the last few months have only done so because you bought during an altcoin bull trend.
And when the tides turn. (and they WILL turn), you won't know what has hit you.
The second that trading changes from "cool hobby that i've made money on" to "oh god i've gotta profit to pay my rent", you're gonna fail... Hard.


FAQ:
Spoiler (Click to View)
Q: If we aren’t to keep assets on exchanges... how much/oThen you have ftei should we remove them (fees add up going bk n frth no? Or just to short stacks?)?
A: You should only keep what assets you're actively trading on exchange at all times to negate counter-party risk as much as possible. If you're going to hold, set up paper wallets.

Q: Are there any recommended wallets for majority of coins? (I’m on iOS and seems to me the Breads, Coinbase, BitPay are downgrading while newer players are still in betas.)
A: Ledger and Trezor hardware wallets are the best wallets out there for both security and convenience. However, if you're looking for alternatives, you can go through each of your assets and create paper wallets for them, or you can set up an offline encrypted laptop you have lying around. Another option is Jaxx.io, however, there have been articles about the lack of security around the storage of the private keys, so I would not recommend it, at least not for larger amounts.

Also check KillJoy's awesome thread about wallets. BIG RESPECT TO HIM =>> Mega List: Crypto Wallets & Storage Guide

Q: In what scenario would you use something other than candlesticks?
A: Sometimes other types gives you difference perspectives, but it’s mostly just preference as it’s the same data, just presented differently.

Q: What do you consider overtrading and how do stop yourself from doing it?
A: Trading for the sole purpose of trading, w/ no real game plan. If you want to make sure you don't over-trade and potentially cost yourself capital, you want to make sure you have a solid plan for each trade, balancing risk management, risk reward, and position sizing.

Q: How do you manage risk?
A: By taking into account the risk and reward for each trade, and making sure your position sizing is solid. Using technical analysis often helps you out a lot in that regard. LINK => Risk Management for Trading

Q: Is there a specific calculation for where to set stop loss or eyeball it?
A: There are some levels that are psychological or have historically proven important, TA tools like fibs could help as well. Nothing is a 100% thing but if you can get out before the drop 51% of the time and then get back in lower, you’re already winning haha

Q: I just started trading at bittrex with play money (<200$). At which point should I worry about placing  btc in a wallet?
A: Whenever you feel like you care about the amount haha. It's the principle of the matter. If you want to negate counter-party risk, you set up a hardware wallet or other wallets. If you don't want to set that all up, you're exposing yourself to counter-party risk. Up to the individual to decide 😅
Use 2FA and you should be fine for now, withdraw to wallet every now and then if you think the exchange is sketch, and hardware wallet if the cost of the wallet is under a few % of your btc (they are like $100+ for nice ones).
65$ for ledgerwallet.com Nano S, 85$ on $amzn prime. Trezor is 100$ and if you pay 18$ expedited, you can get 3-5 biz days.
Always keep BTC in your wallet. You need to send money from A to B if you trade on multiple exchanges. There's no need to have BTC in 'available balance' on Bittrex unless you planned a trade.

Q: Best crypto podcast?
A: Shitcointalk, Blockchain Dynamics. Just what I got.


Q: In your opinion, what time and what day is the best time to trade on average?
A: This changes over time. You get periods when markets are more active depending on what country open we are in. For example back in 2015 when Chinese exchanges ruled the market in bitcoin, all of the action tended to happen at Asia market open, so around 1am GMT. nowadays china is only a fraction of our volume, and I've noticed much of the volume comes in around London open on week days, and new York afternoon time. We are lucky in crypto because we have a 24/7 market, unlike Forex with its 24/5 market. So sometimes we get huge movements on a weekend, and it can get faded on the Monday or through the week. So I don't think there is an ideal time or day to trade in general, just depends how it's been moving lately. Right now, best to keep eyes on market at London open and NY close IMO

Q: When you see a coin is top volume but it's on let's say a 12% down trend in last 24 hours, how do you balance out if it's a good thing and catch a dip or if it's on a giant downtrend to the floor and would be a garbage thing to buy into?
A: From a TA perspective, If it is in an established uptrend on long timeframes, and if you are trying to employ a trend following strategy, and you like the fundamentals (if you believe they are important) , then you would probably be looking to buy the dips. It kind of depends what kind of trade you are looking to place. Do you want to invest in something for long term gains? Or do you want to try and capture some profit out of an anticipated short term move?

Q: If any of you guys could look back to say .... 2012/13 .   What would have been the best info/resource that you would value today?
A: When i started, i was all about FOMO. I would wait until price started moving on bitcoin and i would jump in last minute and ride it up. It worked amazingly. Until it didnt work anymore. The market became more complicated, more people, more news, more exchanges, more info. Eventually that little strategy that i thought i created stopped working, and i started losing money exponentially. Thats when i started to read and learn about market dynamics. Then we had a very long downtrend followed by a long sideways no volume period. If you get lucky in the beginning it can convince you that you know what you are doing and that you can just keep doing the same thing to make profit. It becomes painfully clear very quickly that you will only lose money by trying to eyeball and guess the market. That is what lead me to start networking and researching market theory, to try to understand WHY markets move like they do. In my opinion that is the only time you can start profiting, once you understand why it moves how it does.



Filter News:
1. CryptoPanic
2. ## BitPicker = Grand Open Soon [Stay Tuned] ##
3. TradingView


School:
1. Baby Pips HomeWork  => Sign up. I highly recommend you guys check out. It has a free trading school that is excellent.  It's for forex, but TA is TA.  If you can start this course, you will be well ahead of most people in crypto in no time. including candlesticks
2. google.com/file/d/0BxeEgnNLm1EoQWtuT0o5Z3VhN2s/view?usp=sharing]Baby Pips [Update] => PDF format on google drive. Great document (Japanese candlesticks etc.)


[READ THIS] Security [IMPORTANT]:
4 ways to secure your bags... #bitcoin, #altcoins, #cryptoasset tokens, whatever. A @notsofast security primer.


Videos:
1. Must Read/Watch for Beginners
2. Stop-Loss [WATCH IT]
3. My Ichimoku Cloud Settings For CryptoCurrency => Custom Ichimoku settings for 24/7 markets (cryptos):  20, 60, 120, 30
4. Whale 1 => You may want to check this youtube channel
5. Whale 2 => You may want to check this youtube channel
6. Volume (Precedes Price) => Watch video "Volume precedes price" covers OBV and AccDist.
7. How to not lose everything with Bitcoin


Some other useful stuff:
01. Sheets
02. Sheets 2
03. CryptoConstruct
04. CryptoMaps
05. google.com/file/d/0BxeEgnNLm1EoQ1JyZzl2Y1Q5eHc/view?usp=sharing]Dolphin Trading Primer for BMC => Google Docs PDF
06. CRYPTOCURRENCY CALENDAR
07. ICO Stats => ROI Since ICO, Compare ICO
08. ICO Alert => Upcoming ICOs
09. CoinGecko => Has some good metrics on what to research
10. Traders Library => Telegram Traders Library [Awesome e-books]
11. WhaleCalls => You should all follow WhaleCalls on twitter it's really usefull and free.
12. Bitcoin Tax Solution => Law firm that specializes in the taxation and regulation of virtual currency.
13. CryptoOrca Twitter
14. ChatWithTraders => For Trader Insights
15. Macrovoices => For Macro Market Insights
16. Pump Doctor Trends => An indicator i wrote a while back... read the description to understand what it is and how it works.
17.

[b]Acronyms:
#ALTCOIN = Any crypto currency other than bitcoin.
#ASHDRAKED = A situation where you lost all your money.
#BAGHOLDER = A person who buys and hold coins in large quantity hoping to make good profits in the future.
#BEAR/BEARISH = Negative price movement
#BTFD = Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)
#BULL/#BULLISH = Positive price movement
#DILDO = Long green or red candles
#DUMP = To Sell off a coin
#DUMPING = Downward price movement
#DYOR = Do Your Own Research
#FA = Fundamental Analysis
#FOMO = Fear Of Missing Out (A coin is pumping and you get the feeling it's gonna pump more, so you buy high)
#FUD = Fear Uncertainty & Doubt
#H O D L = Hold/Hold a position
#JOMO = Joy Of Missing Out
#LONG = Margin bull position
#MCAP = Market Capitalization
#MOON = Continuous upward movement of price
#OTC = Over The Counter
#PUMP = Upward price movement
#SAJ #CANDLE = Huge green candle
#SHITCOIN = A coin with no potential value or use
#SHORT = Margin bear position
#SWING = Zig zag price movement (Upwards and downwards)
#TA = Technical Analysis
#REKT = When you have a bad loss
#REVERSE INDICATOR = Someone who is always wrong predicting price movements.
#RSI = Relative Strength Index
#WHALE = Very Wealthy trader/Market mover


How to hide the tab bar in Google Chrome (check images below)
1. Right-click on the omnibar and select "Edit Search Engines"
Add a new entry under "Other Search Engines" with the following fields:
Name: Hide tab bar
Keyword: ht
URL: javascript:window.open(location.href, "detab", "toolbar=0"); window.close()
To open the current tab in a new window without tab bar simply hit Ctrl-L to focus the ominbar, type ht and hit Enter

IMAGES:
Spoiler (Click to View)



SOMETHING EXTRA:
This is just for my country (Croatia). I don't know if is same for yours.
In my country where I live you can cashout ALL your BTC without paying TAX. That's right, you heard it good. Two words => Investment gold. There is no TAX on gold in my country (buy or sell).
There is site named => Moro Bitcoin  in Slovenia.
They have also company in Zagreb (capital city of Croatia) named => Moro Croatia
Then how does this go? Simple.[/b]

• Go to Moro Bitcoin and add to chart desired Gold Bar (10g, 50g, 250g etc.).
  
• Click on Basket and you will see option "Shipping". Check "Local pickup Zagreb". This means, they will transport it from their store in Slovenia to their store in Zagreb.
  
• Click Proceed. There you fill up your details. Optional: Choose "Ship to a different address" if you want your order to come at door step.
  
• You note them that you would cash out a gold bar at their local store when they call you to pick it up.
  
• Accept terms & conds. => Place Order and you will be redirected to bitpay where you pay with your bitcoins.
  
• After you paid, wait for your order to come in their local store in Zagreb. They call you on phone to pick up order.
  
• You exchange gold bar for money and that's it. You got your cash without tax.
  

Example: You buy 1000g Gold Bar for 36.000 €/268.000 HRK (Croatian national valute) = You sell 1000g Gold Bar for 260.500 kn/35.000 €. Your only loss is 1k € equal to 2.5-2.7%
If I would cash out BTC directly on credit card or through PP, I would have to pay 30% TAX which is insane.
Better 2.5% 👍
There is international delivery so you can choose from 200+ countries.
Click for Image => KLIK

P.S. If you find out about some great website that filter crypto news or anything else (doesn't have to be filter), please share it here. This is to reduce spam. If this thread already exist please, delete my. I can't find any. Thanks !!


I have a signature and I like a beer, you know? 🤗😝

[b]

[b]EdoFazlinovic
HackForums
Cheers

[Ravioli]

this is honestly such a nice site, thanks for sharing.

[EdoFazlinovic]

Some Basic Intro: PART 2

I'll just mention too, after a huge bitcoin move ( like today 12.10.2017. ) price quickly becomes a total warzone of crazy wicks, tends to turn into a triangle over time, this is where most people who made money on the way up or who missed the main move get milked of all their profit, trading huge moves in one direction is fairly easy but afterwards is verrrrry difficult and most of you will do well to stay away until it dies down a bit.

I'm kinda getting into the backbone of my entire strategy here so I'll keep it simple, I focus on price levels defined by the areas of high volume within the previous few days, because price always comes back to those areas. They line up with "order blocks" that a lot of traders I know use.
It's all different paths to the same end.
Indicators like vwap aren't magic profit machines, they are a tool to help you define the landscape.

UPDATE (18.10.2017.):
So back in the day, crypto nerds with no financial background setup exchanges and other trading sites, where "leverage" actually DOES work as a multiplier. To my knowledge today only http://1broker.net operates this way. I think OKC used to as well but I was a noob then and have no idea how OKEx works today.

The way margin/leverage works in the "real world" and the way it works on http://bitmexfutures.net and http://simplefx.online is that your leverage specifies your margin requirement. Let's say BTC is $5000 and you want to go long or short 5000 $1 contracts on 1x. This would mean you must have 1 BTC collateral to open this position. Now, you change the leverage to 2x. This does absoluetly nothing to what you might gain or lose- you will gain/lose what 5000 worth of contracts will gain/lose, regardless of what leverage you select. Changing your leverage does two things. First, the collateral the exchange requires from you is now half of what it was, 0.5 BTC instead of 1. This would now allow you to open a SECOND lot of 5000 contracts, at which point you now would be affected by price twice as much as your previous position. Your same 1BTC collateral can now command twice the amount of contracts- 2x, but you must actually get into the position further if you want more exposure- changing the slider alone won't do it. This can be especially handy if you would like to open positions on multiple coins, using the same collateral. The other thing changing your leverage does is adjust where you will be margin called. If you went all-in with your 1BTC on 2x @ 5000 (10k contracts) you would now experience twice the price exposure. If the price moves against you, there will come a price at which you would actually owe the exchange money, in this example, that would be ~$2500. In the "real world", the exchange has your tax ID and will sue you. In Bitcoinland we can't do that, so the exchange has no option but to attempt to liquidate your position on your behalf in order to avoid operating a fractional reserve. It does this at a total loss to you, regardless of if the price goes your way later. This is called a "margin call". Notice at 2x the liquidation is at a ~50% move. At 5x it would be 20%, at 50x- 2%. How many 1% moves did we make today? Hopefully you can see why 100x (on isolated margin) is absolute foolery.

Cross margin plays with your whole stack and allows positions on different contracts to offset one another, potentially helping avoid (or accelerating) being margin called. Isolated margin gives each position it's own margin call, but protects the rest of your stack from loss since you are "not playing with it".


Some other useful stuff:
17. How to manipulate the market and get rich! (Bitcoin Gold)
18. Blockstream is now controlled by the Bilderberg Group - seriously!
19. Crypto AIRDROPS => Shouting out legit crypto airdrops. Be extra carefully. NEVER EVER EVER NEVER EVER put your own private key, or log in on your mew through some site. You will be SCAMMED !!! Most of the details what you need to type to receive airdrop is your are: email address, how much ur going to spend eth when token is up, mew address. THAT's ALL.
20. Time for a new list with crypto scams, new on the list
MARKET CAPS:
21. Bravenewcoin
22. CryptoCoinCharts
23. WorldCoinIndex
24. CoinCap
25. CoinRanking
26. CryptoNirvana  => This one Filter everything. CHECK IT OUT ## EDIT: Apparently sometimes gives 404 error, just refresh.
Spoiler (Click to View)


27. CoinMarketCap
28. Live Coin Watch => This is in BETA phase atm. 
29. DataMish => Good website for market data
30. FREE BTC ACCELERATOR => FREE Transaction Accelerator


Videos:
08. Ichimoku Basics for the beginner
09. Josh Youtube
10. MrJozza
11. Session with Ambroid EP 1 => Market overview video is up. Some of you wanted to tip me, there's an BTC tipjar in the signature description.


PDF Books:
01. google.com/open?id=1E1ODohBhFYHkZNc0PLAQhOHiS1n2p3F4]Trading With Ichimoku Clouds


FAQ:
Spoiler (Click to View)
Q: What the is the shortest, longest, and average duration of each of your trades? Just curious if you do more interday, or scalping or more position holds... or maybe you do all of them, in which case, where do you have the greatest successes?
A: Shortest 2-10mins if price moves suddenly after I open, longest maybe 3 or 4 days if I'm in good profit and expect trend to continue, average... Maybe 3 or 4 hours. I am pretty much strictly intraday with only the occasional swing trade, so I'm generally scalping within the day range.
Greatest success for sure in the quicker scalp trades. Price doesn't just move one way indefinitely, I found it much more fitting to my style to get in and get out on my relevant levels.
Yeah maybe I miss a huge wick or move sometimes but the consistency is more important to me. When I used to trade longer term I would just hold a position into profit and watch it sink back over the next day to my stop loss and it wasn't really my shit.
Of course... My levels are made up from previous traded volume areas derived from vwap, which sucks when we are at all time highs because I have no targets except for psychological numbers and extended fibs as there has been no previous price action there.

Q: If you look at anything less than 15m charts you're a fool, 15m in big price action periods (most choose 30m). All else should be 4hr or daily
A: I have to disagree, you can trade on a 1min chart if you have a solid strategy and very clearly defined rules that reflect the timeframe you are working within. But I generally stick to 30min. I do change to 5min when we are in high volatility just because it's easier to quantify what is happening. But I flick to different timeframes as major candles close to see how the chart is being painted. You could be feeling bullish on the 15min but zoom out to 1hr and see an ultra bearish formation.
Also, you are restricted by the product you are trading if you are picking a timeframe. For example it's probably not wise to use 4hr for entries if you are trying to trade 20x futures, as you are likely to be waaaay out of the money on a perceived small move. Larger timeframes are better suited for low leverage and spot trading.



IMAGES:Spoiler (Click to View)





Example of volume on breakout




Fib 61.8% pullback strategy. Should work on any tf.




VPA - Volume Price Analysis











I have a signature and I like a beer, you know? 🤗😝

EdoFazlinovic
HackForums
Cheers

[SLY]

Thanks for the share OP 🤝.

[RUMRUN]

Cryptopanic is very nice, thanks man!

[EdoFazlinovic]

UPDATED: How to hide the tab bar in Google Chrome to extend graph

[Kill Joy]

Soon: https://hackforums.net/showthread.php?tid=5711373

[EdoFazlinovic]

Update: Added
1. google.com/file/d/0BxeEgnNLm1EoQ1JyZzl2Y1Q5eHc/view?usp=sharing]Dolphin Trading Primer for BMC
2. ## BitPicker = Grand Open Soon [Stay Tuned] ##

---

Update:
1. CRYPTOCURRENCY CALENDAR
2. ICO Stats => ROI Since ICO, Compare ICO
3. ICO Alert => Upcoming ICOs

[Zlatane Ibrahimovique]

This looks superb! Thanks a lot for the share!

[EdoFazlinovic]

Update:
1. Baby Pips HomeWork => Sign up and learn this. Great homework for trading including candlesticks
2. google.com/file/d/0BxeEgnNLm1EoQWtuT0o5Z3VhN2s/view?usp=sharing]Baby Pips [Update] => PDF format on google drive. Great document (Japanese candlesticks etc.)
3. Must Read/Watch for Beginners
4. CoinGecko => Has some good metrics on what to research

[Ren And Stimpy]

Wow! Saving this thread! Thank you for the share!

[*Futurefreak*]

This is amazing and HQ. Thanks for share !

[RUMRUN]

I knew right when you added me to discord you were HQ. Keep it up man, should be stickied once this fills up nicely.

[Stixx]

Some useful information here, thanks for sharing 🎉

[EdoFazlinovic]

Updated with alot new informations.
Cheers

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Updated: How to cash out BTC without TAX => Gold Investment