Forecast and levels for Cryptocurrencies - page 17

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Forum on trading, automated trading systems and testing trading strategies

Where can I trade bitcoin though MT4?

Sergey Golubev, 2017.05.08 12:34

There are some brokers for Bitcoin/USD for MT5 (I do not trade bitcoin for MT4 so I have no idea about MT4 broker for bitcoin):



 

Forum on trading, automated trading systems and testing trading strategies

A broker for Cryptocurrencies

Sergey Golubev, 2018.02.03 07:27

As many people are asking about "How to open account with MT5" and "How to add the broker to MT5" so I want to remind the following links:

MetaTrader 5 Help - Open an Account

MetaTrader 5 Android OS Help - Opening a Demo Account 

MetaTrader 5 iPhone/iPad Help - Connecting to an Account and Opening a Demo Account 

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Simplified way to request a real account in MetaTrader 5 Android


 

And it is the last general information - 

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Find a Server by the Broker's Name:
https://www.mql5.com/en/forum/9950/page88#comment_3981953  
https://www.mql5.com/en/forum/214820

How to Start with Metatrader 5
How to Start with Metatrader 5
  • 2017.01.05
  • www.mql5.com
I decided to create this thread to help to myself and to the others to start with Metatrader 5...
 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.03.02 13:02

Crypto News - daily bearish ranging near bullish reversal (based on the article)

Daily price is on bearish ranging near Senkou Span line and 11,038/11,839 bullish reversal levels.

Bitcoin/USD daily chart

  • "New data on the GPU market has put formal numbers behind the visible impact of cryptocurrency mining on GPU prices. Unfortunately, we’ve also got fresh information suggesting the GPU price inflation cycle isn’t ending any time soon. Jon Peddie Research has released data on GPU sales in Q4 2017 showing that GPU shipments decreased 1.5 percent in Q4, in-line with normal seasonal expectations. Year-to-year GPU shipments decreased by 4.8 percent, driven mostly by declines in laptop shipments (desktop dropped 2 percent, but notebooks fell 7 percent)."
  • "AMD’s market share rose by eight percent from Q3 to Q4 2017, suggesting an explanation for why Vega and Polaris chips are so over-priced (we noted this in our coverage earlier this week). If cryptocurrency miners are preferring Vega over Nvidia’s Pascal, it would explain why prices on AMD cards are blown sky-high — it reflects increased demand for those parts."

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The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:


 

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Press review

Sergey Golubev, 2018.03.02 17:43

Crypto News - daily ranging for the direction (based on the article)

Daily price is inside Ichimoku cloud for the ranging within narrow s/r levels waiting for the direction of the trend to be started for the bullish trend to be resumed or for the bearish market condition to be started.

Ethereum Chart

  • "The cryptocurrency space looks headed lower soon, with a couple of charts holding set-ups of intrigue given the posturing and price levels in play. Ethereum (ETH/USD) is sporting a pattern inside a pattern, while Ripple (XRP/USD) is showing little buying interest at key price support."
  • "A break of the neckline and support zone (800/770) should kick off the next leg lower and further cement the broader topping pattern. Looking lower, there is trend-line support from November, then below there the 200-day MA, and Feb low at 565. The major target objective, though, lies near 400, where the apex of the wedge from late last year lies."

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The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:


 

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Press review

Sergey Golubev, 2017.11.22 11:51

Top 5 Tips For New Bitcoin Investors (based on the article)

  1. Do Your Homework
    The more you understand the better off will be.
  2. Proceed With Caution
    Risk is inherent to investment, and investors should keep in mind that digital currency is in a very early stage of development when compared to similar asset markets like the stock or bond markets. As for how best to enter positions, Tim Enneking, managing director of Crypto Asset Management, gave specific input. "Don’t chase Bitcoin prices. Decide on a entry point and stick with it," he said. "With Bitcoin, you’re almost always right in terms of foreseeable price action – it’s your timing that might be off. So, be patient, and let the Bitcoin price come to you." Once Bitcoin has reached the right price, Enneking suggested that investors refrain from buying their Bitcoin all at once. Instead, they should "stage in and stage out," meaning they should invest a little at a time, wait for a bit, and then invest some more.
  3. Diversify Effectively
    Over the last several years, Bitcoin has produced some very impressive gains, and media outlets have developed a steady stream of stories about "Bitcoin millionaires." While these stories might tempt an investor to put all their money in Bitcoin, keep in mind that no investment professional would advise an individual to put all their eggs in one basket. When creating a diversified portfolio, investors could consider altcoins, more traditional assets such as stocks and bonds, or both.
  4. Keep Your Coins In Wallets
    While exchanges are a great place to purchase digital currencies, they may not be the best place to hold such assets. "Don't store coins on an exchange," emphasized Eliosoff. "In Bitcoin's short history many, many exchanges have gotten hacked," he noted. 
  5. Prepare For Volatility
    The digital currency markets are notoriously volatile, and there are several strategies that investors can use to manage the inevitable price fluctuations.

 

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Press review

Sergey Golubev, 2018.03.07 07:59

Crypto News - testing 11,686 for the daily bullish reversal (based on the article)

Daily price is testing 11,686 resistance level to be reversed for the primary bullish market condition.

Bitcoin/USD

  • "Bitcoin transaction fees is cheaper now, as three of the most popular cryptocurrency exchanges have slashed their withdrawal fees rates by up to half. Binance, Bitfinex, and Kraken have enabled SegWit (Segregated Witness), a process to increase block size limit, and capacity to add more transactions. Transaction batching is another method being adopted to help them significantly reduce bitcoin transaction fees and relieve congestion on the bitcoin blockchain network."
  • "Kraken reduced withdrawal fees on Bitcoin to 0.0005, and on Bitcoin Cash to 0.0001. Binance also announced a 50 percent reduction in Bitcoin withdrawal fees, to 0.0005 BTC, or around $5.70 at current prices. Bitfinex slashed a third off its fees, which now stands at 0.0004. These exchanges reduced their fees amid reports that Bitcoin's transaction volume hit a two year low of 180,000. Exchanges have seen new lows in trade volume as the transaction fee went as high as $10 which was unacceptable among a large section of customers."

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The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:


 

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Press review

Sergey Golubev, 2018.03.09 06:52

Crypto News - Bitcoin: daily bearish trend to be resumed. (based on the article)

Daily price is breaking support level at 8,956 to below for the daily bearish trend to be resumed.

Bitcoin/USD

  • "New Jersey has issued a cease-and-desist order to an initial coin offering (ICO) by cryptocurrency investment company Bitcoiin. In an order issued on Wednesday, the New Jersey Bureau of Securities alleged that Bitcoiin is selling unregistered securities to investors of the US state. Bitcoiin is engaging in fraud in connection with the offer for sale of securities, the cease-and-desist order says."

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The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:


 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.03.11 10:06

Crypto News - Bitcoin: ranging bullish in long-tern situation; 5,897 is the key for the global bearish reversal (based on the article)

Weekly price was bounced from 16,474 resistance level to below for the bullish ranging near bearish reversal support area. If the price breaks 5,897 support level so the global bearish reversal of the Bitcoin price will be started, if not so the bullish reanging will be continuing for the long-term situation.

Bitcoin/USD Weekly Ichimoku Chart

  • "Five bearish lower high/lower low candles in a row this week emphasize the current weak state of cryptocurrency heavyweight Bitcoin. Not only has BTC broken through support offered by zone one and two, it has also re-entered the downtrend from the December 17 high of just $20,000. And to add to the bearish outlook, the 78.6% Fibonacci retracement level at $8523 was broken, although BTC currently trades back above this level. Support currently around $7,600 – the bottom of the downtrend – ahead of $6,000, the February 6 low print. On the upside, BTC will have a cluster of resistance levels between $9,300 and $11,600 to break and close above before the chart begins to look positive."

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The chart was made on weekly timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.03.14 11:59

Crypto News: daily bearish reversal (based on the article)

Bitcoin price chart on Metatrader 5

  • "While debates on the need to bring about regulations over the flourishing cryptocurrency market continue, Commodity Futures Trading Commissioner Brian Quintenz moots the idea, why not self-regulate? Delivering keynote address at the D.C. Blockchain Summit in Washington, the Commodity Futures Trading Commission chief suggested that a cryptocurrency SRO could have an impact beyond the U.S. market."
  • "Why has Bitcoin been having a hard time staying above $9,000? The world's largest digital currency approached $9,500 earlier today, but quickly gave up these gains, falling below the $9,000 mark several times, according to the CoinDesk Bitcoin Price Index (BPI). Bitcoin fell to as little as $8,860.87 today, representing a roughly 6.5% decline from the day's high of $9,474.86, additional BPI figures show."
  • "There is a lot of uncertainty in the market right now, since there has been little guidance about resolutions to the impending regulatory actions by US agencies," said James Song, founder and CEO of blockchain startup ExsulCoin. Charles Thorngren, CEO of Noble Alternative Investments, also weighed in on how regulatory developments are affecting digital currency markets.

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Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

All about BrainTrading system for MT5:


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