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Bitcoin/USD Levels, Price Action, Trading Talk


Discussion in Cryptocurrency

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Bitcoin/USD Levels, Price Action, Trading Talk

  #1 (permalink)
 CSC1 
Vancouver, Canada
 
Experience: None
Platform: IB
Trading: Futs
Posts: 59 since May 2013
Thanks Given: 5
Thanks Received: 50

Hi Everyone,

I'm trading BTC/USD using Auction Market principles carried over from the futures side. There's a big community of auction market traders on this forum so I'm hoping this thread can foster productive conversation outside of the noisy crypto space. I'm going to be posting my context charts as regularly as I can and whatever else I think will add value, and I encourage anyone who's interested to participate.

Anyways here's what I'm looking at today.

-30 Minute Chart
-The shaded purple areas are extremes around where price has flipped
-The dashed orange lines are levels that I'm watching short term
-I've got 200 period bollinger bands with 1 and 2 std devs
-24 hour volume profile reset on the traditional FX open, I sometimes jump between this and a visible range profile.


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  #2 (permalink)
BBoru
new york City
 
Posts: 1 since Sep 2017
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I appreciate the chart mate...it worked quite well. The space is growing rather quickly so the feed back will increase rapidly over a short time period

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  #3 (permalink)
 stockpapa 
Arizona and Nevada
 
Experience: Intermediate
Platform: NinjaTrader
Trading: stocks
Posts: 23 since Jun 2012
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CSC1 View Post
Hi Everyone,
I'm trading BTC/USD using Auction Market principles carried over from the futures side.



CSC1 what charting software do you use to view bitcoin volume profiles? Also where do you get your bitcoin data?

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  #4 (permalink)
 CSC1 
Vancouver, Canada
 
Experience: None
Platform: IB
Trading: Futs
Posts: 59 since May 2013
Thanks Given: 5
Thanks Received: 50


stockpapa View Post
CSC1 what charting software do you use to view bitcoin volume profiles? Also where do you get your bitcoin data?

I'm using tradingview for the majority of my crypto charting right now, you can get volume profile if you upgrade to a paid plan. It's nice to have but it's pretty limited in its customizability. I've been playing around with sierrachart as well, looks promising. All my data comes from Bitfinex right now, but looking at switching exchanges soon.

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  #5 (permalink)
 stockpapa 
Arizona and Nevada
 
Experience: Intermediate
Platform: NinjaTrader
Trading: stocks
Posts: 23 since Jun 2012
Thanks Given: 15
Thanks Received: 6


CSC1 View Post
I'm using tradingview for the majority of my crypto charting right now, you can get volume profile if you upgrade to a paid plan. It's nice to have but it's pretty limited in its customizability.

In tradingview can you have multiple volume profile indicators on the same chart (e.g. a daily profile and a longer term composite profile)?

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  #6 (permalink)
 CSC1 
Vancouver, Canada
 
Experience: None
Platform: IB
Trading: Futs
Posts: 59 since May 2013
Thanks Given: 5
Thanks Received: 50


stockpapa View Post
In tradingview can you have multiple volume profile indicators on the same chart (e.g. a daily profile and a longer term composite profile)?




There's 'Session Volume' combined with 'Visible Range' profile. My main issue with tradingview is that 'Session Volume' profiles start aggregating at 16:00 PST, which to me is kind of arbitrary for cryptos. I'd be more interested in splitting it based on specific times like 08:00 in Beijing or maybe even after a certain volume/time threshold is exceeded etc. But for a web-based platform it still does well, especially if I'm working on my mac and I don't feel like booting up my windows machine or restarting with bootcamp.

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Last Updated on November 25, 2017


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