Category: Cryptocurrency 101 For Users

Freedom and Transparency of Open Cryptocurrency Case Study Donation to Ukraine

7/3/2022

Ukraine crypto donation — Transparency is one of the key innovation of cryptocurrency. The term known as cryptocurrency by regular people and the term open public blockchain known by academicians are one financial technology that the inside can be seen by everybody. If we know the owners of the cryptocurrency account, the full and in real-time we can track their transactions.

For example, here is an application called Zerion. By searching Ukraine's Ethereum address for accepting donation we can see the balances and transactions in real-time. Zerion also provided shared hyperlinks where you can see yourself if you are curious https://app.zerion.io/0x165cd37b4c644c2921454429e7f9358d18a45e14/overview.

Payments & Donations & Other Wealth Transfer in Cryptocurrency

QR Code Ukraine Crypto Account — The open source and decentralized nature of cryptocurrency allows anyone to freely transfer cryptocurrency assets without further complications (just scan the address and press the send button). As long as the blockchain network exists and we know how to connect to it, there are no restrictions in asset transfers. If the network is healthy, then assets can be received immediately. As for the case of donation to Ukraine for the war waged by Russia, Ukraine only needs to share their accounts, wallets, or public account addresses, even better provide quick response (QR) code for gadget user friendliness, and any crypto users can immediately donate. Just take a look at the massive donations in Millions by regular people which maybe possible to reach Billions in the future:

Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.

BTC - 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

ETH and USDT (ERC-20) - 0x165CD37b4C644C2921454429E7F9358d18A45e14
— Ukraine / Україна (@Ukraine) February 26, 2022

traditional fintech — I challenge you to do the same with traditional financial technology:

bank or wired transfer

credit card

traditional digital wallet

physical cash

commodities such as gold and silver

other investment assets such as stocks and bonds

online vouchers

other form of credits

Connection Problem Between Crypto and Other Finance — Note, the scope of this asset transfer is limited to crypto asset transfer. Exchanging to cash and to other goods and services are different problems out of the scope of this article. As I wrote in my 3rd chapter of my book, there are never problems in transfers between crypto assets, the problem is the transfers to outside systems such as exchanging to cash and other goods, and centralized services like centralized exchanges.

Expert Transaction Monitoring

Monitoring Crypto Transaction — Transactions are available on those who own full nodes and up until now, they are publicly online and transparent meaning that the data are fully open. The original way to get this data is to connect and view on existing nodes or download the data from these nodes and become a full node ourselves. The immutability of blockchain makes the data size ever expanding and with the ever increasing new cryptocurrencies, ordinary people cannot afford to get them all, additionally the technicals are too much.

3rd Blockchain Explorer Providers

Blockchain Explorers — The reason why I believe in the future of blockchain and cryptocurrency is because the many and ever increasing of supporters. Among these supporters are developers who keeps on innovating new software developments. Not long after the birth of cryptocurrency the created blockchain explorers where the transaction data are put on the web and made a user friendly website so that anyone can view them on the web browser, similar to the search engine for cryptocurrency transaction data. On this case, now that we know the accounts, wallets, or public addresses for Ukraine's donation, we can follow the donation transactions by inputing the public addresses on any of these blockchain explorers:

Bitcoin Explorer — Bitcoin: https://www.blockchain.com/btc/address/357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

Ethereum Explorer — Ethereum: https://etherscan.io/address/0x165CD37b4C644C2921454429E7F9358d18A45e14

Polkadot Explorer — Polkadot: https://polkadot.subscan.io/account/1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv?tab=transfer

Tron Explorer — Tron: https://trx.tokenview.com/en/address/balanceChart/TEFccmfQ38cZS1DTZVhsxKVDckA8Y6VfCy

Solana Explorer — Solana: https://solscan.io/account/66pJhhESDjdeBBDdkKmxYYd7q6GUggYPWjxpMKNX39KV

Stand with the people of Ukraine
Now accepting cryptocurrency donations. Ethereum. Bitcoin and Tether (USDTtrc20)

BTC — 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

ETH — 0x165CD37b4C644C2921454429E7F9358d18A45e14

USDT (trc20) — TEFccmfQ38cZS1DTZVhsxKVDckA8Y6VfCy
— Mykhailo Fedorov (@FedorovMykhailo) February 26, 2022

Virtual Machine Compatible and Forks

Forks and EVMs — Do you know that these addresses can accept other cryptocurrencies that are forked of or are made compatible with them? Bitcoin addresses should be able to accept Bitcoin Cash and Ethereum address should be able to accept Ethereum Virtual Machines Compatible cryptocurrencies? Here are the currently known forks and EVMs:

Bitcoin Forks

There are many Bitcoin forks based on https://forkdrop.io/how-many-bitcoin-forks-are-there but I will only list those that donated.

Bitcoin Cash Explorers — Bitcoin Cash: https://www.blockchain.com/btc/address/357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

E-Cash Explorers — E-Cash: https://explorer.bitcoinabc.org/address/357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

USDT OMNI Explorers — USDT OMNI: https://tokenview.com/en/search/357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

EVM Compatibles

Here is a good list of EVMs https://rpc.info/ and as before I will only list those that donated:

Avalanche Explorers — Avalanche: https://snowtrace.io/address/0x165CD37b4C644C2921454429E7F9358d18A45e14

Binance Smart Chain Explorers — Binance Smart Chain: https://bscscan.com/address/0x165CD37b4C644C2921454429E7F9358d18A45e14

Fantom Explorers — Fantom: https://ftmscan.com/address/0x165cd37b4c644c2921454429e7f9358d18a45e14

Polygon Explorers — Polygon: https://polygonscan.com/address/0x165cd37b4c644c2921454429e7f9358d18a45e14

Arbitrum Explorers — Arbitrum: https://arbiscan.io/address/0x165CD37b4C644C2921454429E7F9358d18A45e14

Cronos Explorers — Cronos: https://cronos.org/explorer/address/0x165CD37b4C644C2921454429E7F9358d18A45e14/transactions

Below are donations below $20 and there are more but no donations made yet:

Portfolio Trackers and Generators

With the ever increasing chains and their tokens, it is very hard to keep track even using blockchain explorers as we need to open them one by one. Therefore developers takes the opportunity to develop portfolio trackers and generators to view all those chains in one place. Other than that, portfolio trackers provides more charts and graphics for average users to understand. As the saying goes, words are more understandable than codes, tables summarizes words, and pictures represents many words. The full node for experts to view are like words, the blockchain explorers are like tables which is easier to understand but still technical which is not favored by average users, while portfolio trackers are like images that just a glimpse and everyone understands. Below are some shareable portfolio trackers also showing Ukraine's donation addresses:

Ape Board: https://apeboard.finance/dashboard/0x165CD37b4C644C2921454429E7F9358d18A45e14

Debank: https://debank.com/profile/0x165CD37b4C644C2921454429E7F9358d18A45e14

Zapper: https://zapper.fi/account/0x165cd37b4c644c2921454429e7f9358d18a45e14

Tron Scan: https://tronscan.org/#/address/TEFccmfQ38cZS1DTZVhsxKVDckA8Y6VfCy

Sonar Watch: https://sonar.watch/dashboard/66pJhhESDjdeBBDdkKmxYYd7q6GUggYPWjxpMKNX39KV

Summary

With the transparency of cryptocurrency, even you can track donations to Ukraine by simply browsing the web. Until now there are $15M native coins and countless tokens that can explode on the next altcoin season donated. Donating in the crypto space is simple, scan and send.

Massive support from crypto projects @solana @SolanaFndn and @everstake_pool which set up a joint initiative @_AidForUkraine in collaboration with our @mintsyfra to raise funds for @Ukraine.#SOL address:
66pJhhESDjdeBBDdkKmxYYd7q6GUggYPWjxpMKNX39KV
— Mykhailo Fedorov (@FedorovMykhailo) March 1, 2022

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How User Friendly Zilliqa DeFi Ecosystem is Today?

18/1/2022

1 Comment

Zilliqa user friendly — Zilliqa started its road to be the first smart contract platform to implement Sharding protocol in 2017 which is a method for processing transactions in parallel. It is one of the ways to increase scalability, meaning providing faster and cheaper transactions. It successfully launched in 2019 and entered the decentralized finance (DeFi) space in early 2021 alongside other Ethereum alternative DeFi chains. However, how user friendly is Zilliqa DeFi ecosystem today? Let us take a look.

Mobile Wallets To Access DAPP

Since Zilliqa's DeFi ecosystem is not Ethereum Virtual Machine compatible, Metamask cannot be used. Zilliqa have its own browser extension Zilpay and Zillet which are also available on mobile. Although, I prefer using Math Wallet on mobile because of multiple chains in one wallet.

Main Network and Smart Chain are on Same Network

Crypto.com Zilliqa Deposit — Many DeFi ecosystems decided to run a separate smart chain for their DeFi but no need to worry about that on Zilliqa. The network that we used for transactions in early Zilliqa, the network used for staking, and the DeFi network are one network. As long as the exchange supports Zilliqa, we can deposit and withdraw easily. Binance and Kucoin definitely supports Zilliqa and another one is crypto.com exchange. One of my local exchange Tokocrypto also supports direct deposit and withdrawal.

Portfolio Generator or Tracker for Zilliqa

Zilstream Portfolio — For now, I only found one application to track our Zilliqa assets called Zilstream. Unfortunately it does not generate a hyperlink to share portfolio to others. If we want to share our portfolio, we must use the limited Viewblock Zilliqa blockchain explorer. Another one is Zil Watch but same thing that cannot share portfolio.

Trading View for Zilliqa

Zilstream Trading View — Zilstream and Zil Watch are also information collection of Zilliqa assets like Coingecko or Coinmarket Cap specifically for Zilliqa. After choosing an asset, we can switch to trading view and draw technical analysis on its price chart. Most AMM DEXs like Zilswap also provides candle charts but most not yet trading view.

Mirrors

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Intermediate Financial Technical Analysis even in Crypto

20/12/2021

3 Comments

Basic Financial Technical Analysis is most of the time enough for new investors to invest by determining entry points of popular crypto assets and set targets to take profit given that they did their/your own research (DYOR) which includes fundamental analysis and sentiment analysis. However, it is not enough for traders to time the market as mastery of the basics only give maximum of 40% accuracy said many technical analyst. Therefore for anyone to become a trader must continue to the next level which is intermediate technical analysis. In this article, I list the intermediate materials where I left hyperlinks to the chapters I wrote in each headings so click on them to learn more of the intermediates in detail.

5. Classic Chart Patterns

Continuous Patterns

Flags
Pennants
Wedges
Cup and Handle

Reversal Patterns

The Double Tops and Bottoms and Triples and More.
Diamonds
Head and Shoulders

Either Patterns

Triangles
Rectangles

6. Fibonacci Golden Ratios

Fibonacci Trading — In the basics we always retrace historical data of previous support and resistance lines and supply and demand (S&D) areas as those place have high probability for the price to visit. Intermediate traders often measures the Fibonacci golden ratios number as the whole of nature often touches those numbers and after that retrace whether those numbers are inline with pervious support & resistance lines and S&D areas. They often put buy and sell limits on those numbers and stop loss if exceed certain percentage. When a price is in action, intermediate traders does not take action immediately but wait until the price touches the Fibonacci godlen ratio numbers. Other than that, their indicator settings also uses the Fibonacci sequence numbers. For example, I no longer use the classic 20, 50, and 200 days moving averages (MA) and now uses the 21, 55, 144, 233, and 377 period MA.

7. Harmonic Patterns

General Harmonic Patterns — Although harmonic patterns are mostly "M"s and "W"s, they consider the psychology of the traders in the background. Harmonic patterns forms on a corrective phase after an impulsive phase. Assuming that a trend continues, there are records that prices often moves in certain exact ways within the corrective phase. Unlike classic chart patterns which are random, harmonic patterns have exact Fibonacci golden ratio measurements that rarely deviates. Just like harmony itself, the next sound must be selected and not random or else it will be in disharmony. An action must match previous actions for an activity to be in harmony. The same as prices, the future price must match previous prices or else the market will be in disharmony. Therefore, harmonic traders calculates the Fibonacci golden ratios of the previous price movements within the corrective phase and once matching numbers are found, they will place buy and sell limit exactly on the predicted next Fibonacci golden ratio number that the price will move to and a stop loss just a very small percentage outside that point. Though I found many harmonic patterns, but the most popular ones are Gartley, Butterfly, Bat, and Crab.

8. Elliott Wave

Elliott Wave BTC May 2021 — Elliott Wave traders already took profit from Bitcoin on May 2021 because to them is clear that the bull market ended. Elliott Waves are often valid because many traders believes in the DOW Theory that a trend persists until clear reversal. Therefore, each time the price breaks the resistance line, no traders will sell near that resistance line and those who are left out of the previous break will see the price going down near the previous resistance line as a discount and buy. The vice versa when the price breaks the support line, almost every trader will get disappointed and will not want to hold the asset. Going back to the bullish case however, when the price made the fifth wave, very often the case that buyers get exhausted where often trend reversals occurs after the fifth wave. Early investors are definitly satisfied and will take profit. With no more buyers, speculators who feared of missing out (FOMOed) will panic and start massive selling. Traders who mistaken the sixth wave for a dip will buy and create a last chance for traders and investors to exit. Once the seventh wave ended, all who are lefted out are in despair. The next case either, will they get buried with continuous bearish trend, or will there be hope of new investors and speculators to restart the bullish trend?

Example Technical Analysis

BTC November 2021 — In each chapters, all of the examples are backtesting which means that analysis was performed on existed data or occurred event. This time, I will give examples of my analysis where I try to predict future prices. By the way, a Hive user asked me to pull a Fibonacci Extension to predict the current all time high of Bitcoin's cycle and my answer was my previous hope was $70000 but it did not reach and for the current bear market, I answered that I cannot pull because the bottom is not yet confirmed for me.

ETH December 2021 — This is Ethereum's price action December 2021. A double top almost formed but failed and formed a cup and handle instead. If the price bounces at the current rate, then can potentially form an Elliott Wave. If so, a long position is recommended and a stop loss if the price breaks the trend line.

BNB December 2021 — The same Ethereum's technical analysis applies to Binance Smart Chain.

EGLD December 2021 — Elrond's chart looks similar to Ethereum and Binance Smart Chain.

AVAX December 2021 — In Avalanche, the price broke the trend line but immediately returned above it. Although imperfect, but there is a possibility of bullish flag and currently broken up. There is a risk that the price may return inside the bullish flag, but often the price will correct only up to above the flag, coincidently above the supply and demand area as well, and continue bullish trend. In this case, it is recommended to stop loss when the trend line is broken.

TT December 2021 — The price of Thunder Core rejects and risks a double top but remember Bitcoin in June 2021? Bitcoin also double tops but after that, double bottoms, and double tops again formed a rectangle pattern. I personally recommend avoiding taking high risk and little by little buying the dips instead as the trend line is low.

XRP December 2021 — The basic technical analysis in Ripple Coin is to buy the dip if the price touches the trend line and coincidently above the supply and demand area as well. If the price really bounces on that point, then a bullish Gartley can potentially form. If you can take the risk, then stop loss below the supply and demand area or else, stop loss only as much as you can handle because if the price falls just a few percentage below that point can invalidate the bullish Gartley.

Disclaimer

TOMO December 2021 — The newer the asset and/or the lower the market capitalization and/or the uneven the distribution of the supply, the less applicable the technical analysis. I can claim that based on my experience as a gem hunter where I only consider assets under $10 million market capitalization that I do not need technical analysis. All I need is to do fundamental and sentiment analysis (do my own research) and find any low market capitalization assets that may survive at least one year, then it is a guarantee big profit. As I am a gem hunter, I have less experience in technical analysis but I have to write these theories anyway before I forget which I obtained from my technical analysis course and for me to review. This initial version will remain free. If I ever become very professional in trading, then I will update these materials but ofcourse will be premium. Take the theories but create your own analysis style and risk the loss if following me blindly such as following my technical analysis on Tomochain. Therefore, try demo trading first and if it works for you, then you may move to real trading. Finally, **this is not financial advice where my rules are:**

**It is never my fault.**

**Any losses occurred on your side, do not forget rule number 1. It is not my fault but it is your fault for following me.**

**Therefore, it is very highly recommended to do your own research (DYOR) like I wrote before "take the theories but create your own analysis style".**

**Do not trade more than you can afford to lose.**

Mirrors

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Financial Technical Analysis Crypto Narrative Chapter 8 Elliott Wave

30/11/2021

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Elliott Wave Theory — Up to the Harmonic Pattern Chapter 7, we only examine up to 3 waves (2 impulsive and 1 corrective). In this chapter, we will discuss up to 8 waves of the Elliott Wave. Ralph Nelson Elliott eventually found that the market traded in cyclic pattern. What goes up must come down, and what went down must go up, or up, down, up, and down. He also found out that most price action are affected by traders' psychology. When a price is going up, many traders will want to take a ride (participation phase), when the price went up too much, early traders will want to take profit (after excessive phase), after that late traders will start panic selling, and after everything went down new traders will want to buy cheap (accumulation phase). As I always preach every where about trading, "it does not matter what the truth is, what matter is what people believe". Remember when a journalist wrote that I double spend occurred on Bitcoin and the price crashes? In the end, experts review and verified it to be false, fake news, misinformation, or just misunderstanding of the journalist who is not really a developer, programmer, nor technician. "This event really proofs that people does not care about the proof, they care more about what people say, if not then they believe what they want to believe". Sounds like the DOW Theory right? Well, the Elliott Waves are said to be the more mathematical details about the DOW Theory.

Point Summaries of Elliot Wave

Special Swings Consideration in Low Market Caps

Elliott Wave AVAX 2021 — While the theory states that waves must not overlap with other waves at anytime, but does candle shadow counts? The AVAX chart above showed that the candle shadows overlaps where many believed this invalidate the Elliott Wave. However, do you know that $1000 trade on small coins can impact more than 10% of the price? Yes, this is called low market cap where anyone can draw the chart as they want. Which is why for low market caps, it is recommended to rely on closing price than candle shadows. Back to the chart, if closing price where line chart is used, then the waves will not overlap, making the Elliott Wave valid. Do not forget as well that the 3rd Wave does not need to be the longest but cannot be the shortest.

Time Frame Degrees

Elliott Wave Gold Century — The Elliott Wave on AVAX chart is an intermediate cycle and the one on BTC chart is a primary cycle. Here is a gold chart which is a super cycle that can last for decades. If we can get the gold price data from the early Greek times, we may find a grand supercycle which lasts for centuries.

Elliott Wave CAKE — However, Elliott Wave does not have to be long time frame. For example here on CAKE chart, an Elliott Wave is found that lasts only a few weeks which can be categorized as a minor cycle. The following are the degrees:

Subminuette: minutes

Minuette: hours

Minute: days

Minor: weeks

Intermediate: weeks to months

Primary: a few months to two years

Cycle: one year to several years, or even several decades under an Elliott Extension

Supercycle: multi-decade (about 40–70 years)

Grand supercycle: multi-century

Mirrors

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Financial Technical Analysis Crypto Narrative Chapter 7 Harmonic Pattern

10/11/2021

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general harmonic pattern — In Chapter 5, we draw lower and upper trend line to identify classic chart patterns but in this chapter we use Chapter 6 Fibonnaci Golden Ratios to measure harmonic chart patterns. Most harmonic patterns have 5 phases forming XABCD pattern. To quickly identify them is to find 2 mountains for bullish harmonic patterns and 2 wells for bearish harmonic patterns. The next thing to see is whether one of the mountains or wells is shorter than the other. Finally, the middle point is higher than the first and last point for bullish harmonic patterns and lower than the first and last point for bearish harmonic patterns. In short should look similar to an imperfect "M" letter for bullish harmonic patterns and imperfect "W" letter for bearish harmonic patterns.

The Most Popular Harmonic Patterns

Measuring Harmonic Patterns

XABCD Harmonic Pattern — In trading view, there is XABCD pattern tool where we do not need to measure manually like the previous steps for example in Metatrader. For upcoming trades, harmonic traders predicts the next Fibonacci Retracement Golden Ratio. Then they put a buy or sell limit with a certain stop loss percentage for example 5%. The previous examples are Bullish Gartley harmonic pattern. I found the Forex market having very precise Fibonacci Golden Ratio numbers when harmonic pattern occurs but not so precise with the cryptocurrency market especially if we use the candle's shadow instead of the closing price. This is probably because the market capitulation is still not high enough in cryptocurrency to suppress many market manipulation. Therefore, expect certain degree of tolerance in the Fibonacci Retracement measurements.

Gartley Harmonic Pattern

Bat Harmonic Pattern

Butterfly Harmonic Pattern

Crab Harmonic Pattern

Some Other Harmonic Patterns

New Cypher Harmonic Pattern

Bullish Cypher Harmonic Pattern — The new cypher harmonic pattern I see as the reverse mountains, reverse wings, or reverse sides of any harmonic patterns where usually the left side is higher than the right side, here the right side is higher.

Bearish Cypher Harmonic Pattern — The new cypher harmonic pattern I see as the reverse mountains, reverse wings, or reverse sides of any harmonic patterns where usually the left side is higher than the right side, here the right side is higher.

More Lists

Source: http://chartreaderpro.com/harmonic-pattern-ratios/.

Name	XB	AC	BD	XD
Max Bat	0.382 - 0.618	0.382 - 0.886	1.272 - 2.618	0.886
Max Gartley	0.382 - 0.618	0.382 - 0.886	1.128 - 2.236	0.618 - 0.786
Alt Shark 2	0.446 - 0.618	0.618 - 0.886	1.618 - 2.618	0.886
Anti Nen star	0.5 - 0.786	0.467 - 0.707	1.618 - 2.618	0.786
Leonardo	0.5	0.382 - 0.886	1.128 - 2.618	0.786
Anti New Cypher	0.5 - 0.786	0.467 - 0.707	1.618 - 2.618	1.272
Max Butterfly	0.618 - 0.886	0.382 - 0.886	1.272 - 2.618	1.272 - 1.618
Butterfly 113	0.786 - 1	0.618 - 1	1.128 - 1.618	1.128
Alt Shark 1	0.446 - 0.618	0.618 - 0.886	1.618 - 2.618	1.128
Deep Crab	0.886	0.382 - 0.886	2.618 - 3.618	1.618
A Crab	0.276 - 0.446	1.128 - 2.618	1.618 - 2.618	0.618
New Cypher	0.382 - 0.618	1.414 - 2.14	1.272 - 2	0.786
A Butterfly	0.382 - 0.618	1.128 - 2.618	1.272	0.618 - 0.786
Shark 1	0.382 - 0.618	1.128 - 1.618	1.618 - 2.236	0.886
A Bat	0.382 - 0.618	1.128 - 2.618	2 - 2.618	1.128
Shark 2	0.382 - 0.618	1.128 - 1.618	1.618 - 2.236	1.128
Nen star	0.382 - 0.618	1.414 - 2.14	1.272 - 2	1.272
Alt Bat	0.382	0.382 - 0.886	2 - 3.618	1.128
Navarro 200	0.382 - 0.786	0.886 - 1.128	0.886 - 3.618	0.886 - 1.128
A Gartley	0.618 - 0.786	1.128 - 2.618	1.618	1.272
121	0.5 - 0.786	1.128 - 3.618	0.382 - 0.786	0.382 - 0.786
White Swan	0.382 - 0.786	2 - 4.237	0.5 - 0.886	0.238 - 0.886
A 3 Drives	0.618 - 0.786	1.272 - 1.618	0.618 - 0.786	0.13 - 0.886
Partizan 2	0.128 - 3.618	1.128 - 1.618	1.618 - 2.236	0.618 - 3.618
A 121	1.272 - 2	0.5 - 0.786	1.272 - 2	1.272 - 2.618
3 Drives	1.272 - 1.618	0.618 - 0.786	1.272 - 1.618	1.618 - 2.618
Black swan	1.382 - 2.618	0.236 - 0.5	1.128 - 2	1.128 - 2.618
HENRY – David	0.128 - 2	0.44 - 0.618	0.618 - 0.886	0.618 - 1.618
STRONG HENRY – David	0.128 - 2.618	0.44 - 0.618	0.618 - 0.886	0.618 - 1.618
May-00	1.128 - 1.618	1.618 - 2.236	0.5 - 0.618	0.5 - 0.618
DAVID VM 1	0.128 - 1.618	0.382	1.618	0.618 - 3.618
DAVID VM 2	1.618 - 3.618	0.382	1.618	0.618 - 7.618
SNORM	0.9 - 1.1	0.9 - 1.1	0.9 - 1.1	0.618 - 1.618
COL Poruchik	0.128 - 3.618	0.382 - 2.618	1	0.618 - 3.618
Sea Pony	0.128 - 3.618	0.382 - 0.5	1.618 - 2.618	0.618 - 3.618
Partizan	0.128 - 3.618	0.382	1.618	0.618 - 3.618
TOTAL 1	0.382 - 0.786	0.382 - 0.886	1.272 - 2.618	0.786 - 0.886
TOTAL 2	0.382 - 0.786	0.382 - 0.886	1.618 - 3.618	1.128 - 1.618
TOTAL 3	0.276 - 0.618	1.128 - 2.618	1.272 - 2.618	0.618 - 0.886
TOTAL 4	0.382 - 0.786	1.128 - 2.618	1.618 - 2.618	1.128 - 1.272
TOTAL	0.276 - 0.786	0.382 - 2.618	1.272 - 3.618	0.618 - 1.618
Partizan 2.1	0.128 - 3.618	1.128	1.618	0.618 - 3.618
Partizan 2.2	0.128 - 3.618	1.128	2.236	0.618 - 3.618
Partizan 2.3	0.128 - 3.618	0.618 - 1.618	1.618	0.618 - 3.618
Partizan 2.4	0.128 - 3.618	1.618	2.236	0.618 - 3.618
BG1	0.128 - 0.886	0.618	1.618	1
BG2	0.128 - 0.886	0.707	1.414	1
BG3	0.128 - 0.886	0.786	1.272	1
BG4	0.128 - 0.886	0.886	1.128	1
BG5	0.128 - 0.886	0.5	2	1
BG1	0.128 - 0.886	0.382	2.618	1
BG2	0.128 - 0.886	0.447	2.237	1
BG3	0.128 - 0.886	0.5	2	1
BG4	0.128 - 0.886	0.618	1.618	1
BG5	0.128 - 0.886	0.707	1.414	1
BG6	0.128 - 0.886	0.786	1.272	1
BG7	0.128 - 0.886	0.854	1.171	1
BG8	0.128 - 0.886	0.886	1.128	1
121 BG	0.5 - 0.577	1.128 - 1.733	0.618 - 0.707	0.447 - 0.786
NN Gartley	0.618	0.382 - 0.886	1.128 - 1.618	0.786
NN Bat	0.382 - 0.5	0.382 - 0.886	1.618 - 2.618	0.886
NN Alt Bat	0.382	0.382 - 0.886	2 - 4.236	1.128
NN Crab	0.382 - 0.618	0.382 - 0.886	2.236 - 4.236	1.618
NN Deep Crab	0.886	0.382 - 0.886	2.618 - 4.236	1.618
NN A Gartley	0.618 - 0.786	1.128 - 2.618	1.618	1.272
NN A Bat	0.382 - 0.618	1.128 - 2.618	2 - 2.618	1.128
NN A Alt Bat	0.236 - 0.5	1.128 - 2.618	2.618	0.886
NN A Butterfly	0.382 - 0.618	1.128 - 2.618	1.272	0.618 - 0.786
NN A Crab	0.236 - 0.447	1.128 - 2.618	1.128 - 2.618	0.618
NN A Deep Crab	0.236 - 0.382	1.128 - 2.618	1.128	0.618
NN Leo	0.5	0.382 - 0.886	1.128 - 2.618	0.786
NN A Leo	0.382 - 0.886	1.128 - 2.618	2	1.272
NN Total 1	0.382 - 0.786	0.382 - 0.886	1.272 - 2.618	0.786 - 0.886
NN Total 2	0.382 - 0.786	0.382 - 0.886	1.618 - 4.236	1.128 - 1.618
NN Total 3	0.236 - 0.618	1.128 - 2.618	1.272 - 2.618	0.618 - 0.886
NN Total 4	0.382 - 0.786	1.128 - 2.618	1.618 - 2.618	1.128 - 1.272
NN TOTAL ***	0.236 - 0.786	0.382 - 2.618	1.272 - 4.236	0.618 - 1.618
NN Bl Swan	1.382 - 2.618	0.236 - 0.5	1.128 - 2	1.128 - 2.618
NN Wh Swan	0.382 - 0.724	2 - 4.236	0.5 - 0.886	0.382 - 0.886

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Financial Technical Analysis Crypto Narrative Chapter 6 Fibonacci Golden Ratios

8/11/2021

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Fibonacci Golden Ratios in Trading — It is stated in many investing and trading articles that Fibonacci golden ratios are used to find hidden supports and resistances. The most frequently used Fibonacci tools in trading are Fibonacci retracement and extension or expansion. Fibonacci retracement is used to predict how much a corrective phase will or the term most cryptocurrency supporters, how far will the dip be. Fibonacci extension is used to predict how low the bottom will be and on the other side, how high the top will be. Before directly discussing Fibonacci golden ratios for financial technical analysis, we will summarize the theory behind Fibonacci golden ratios.

The Fibonacci Numbers

Fibonacci Numbers in Nature — In mathematic, Fibonacci are magic numbers. In natural science, Fibonacci numbers appears very frequently such as the number of leaves in plants and the number of petals in flowers as stated in Laura Resta's thesis in biomathematics entitled The Fibonacci sequence in phyllotaxis. We can see the above image of 1,2,3,5,8,13 where the sequence are based on the sum of the previous two numbers (3=1+2, 5=2+3, 8=3+5, 13=8+5) founded by Leonardo Fibonacci. Now that I learned Fibonacci sequences, I no longer use 20, 50, 100, and 200 days when using moving average technical indicator, I used the numbers from the Fibonacci sequence now which are 21, 34, 55, 89, 144, 233, and 377 days moving average.

The Fibonacci Golden Ratios

Fibonacci Golden Ratios in Nature — Even as I was taking my trading course, I did not know the concept behind Fibonacci golden ratios. I only have to memorize these numbers 23.6%, 38.2%, 61.8%, 78.6%, 100%, 161.8%, 261.8%, and 423.6%. Now that I am writing this chapter, I have to dig in some background about these golden ratios. The most popular golden ratio is 61.8% (0.618) and 161.8% (1.618) where they can be found in flowers, shells, other natures, and even our faces. The images above are from Kaya KS, Türk B, Cankaya M, Seyhun N, Coşkun BU. Assessment of facial analysis measurements by golden proportion. Braz J Otorhinolaryngol. 2019;85:494–501, Math is Fun Golden Ratio, and Golden Ratio Products. 1.618 is closely obtained from Fibonacci the number added the next sequence it divided by the next sequence (x(i)+x(i+1))/x(i+1) and will be the golden ratio if x(i+1)/x(i) equals 1.618. For example (233 + 377) / 377 = 1.618 and 377 / 233 = 1.618. 0.618 is really just the reverse x(i+1)/(x(i)+x(i+1)) = x(i)/x(i+1) for example 377 / (233 + 377) = 233 / 377 = 0.618. For other golden ratios, just change the sequence, for example x(i+2)/(x(i)+x(i+2)) = x(i)/x(i+2) such as 377 / (144 + 377) = 144 / 377 = 0.382. Since this is a technical analysis chapter and not mathematic chapter, the theory stops here. All we need to know that these are also frequently appeared numbers in finance just like they frequently appeared in nature. For example myself, when I am waiting for dip, I am interested in a correction of 23%, 38%, 50%, 61%, and 78%.

Popular Fibonacci Trading Tools

There are two mostly used Fibonacci trading tools, even many professional traders only needs to use these and I myself never used other tools before writing this chapter. They are Fibonacci Retracement and Fibonacci Extension or Expansion. Other Fibonacci tools are optional.

Fibonacci Retracement

Fibonacci Extension or Expansion

Fibonacci Extension Expansion — In trading view the tool is Fibonacci Extension while in Metatrader is Fibonacci Expansion. After predicting the depth of the correction or the dip, Fibonacci Extension is applied to predict the length of the trend or the target price. This is mostly used by traders to predict a price to take profit. To draw a Fibonacci extension, first pull a line of the impulsive phase, then pull a line of the corrective phase. Continuing the previous bullish flag chart pattern example, we can estimate the target price to take profit and it seems to be on 141.4%.

Other Fibonacci Trading Tools

I will be honest again that before writing this chapter, I never used the following tools. Fibonacci Retracement and Extension are enough, plus those are the only available Fibonacci tools in Metatrader. The following tools are found in trading view and less likely to be found on other platforms.

Fibonacci Channel

Fibonacci Time Zone

Fibonacci Speed Resistance Fan

Fibonacci Trend Based Time Zone

Fibonacci Circle

Fibonacci Speed Resistance Arc

Fibonacci Wedge

Fibonacci Spiral

Time To Correct Basic Swings

Invalid Swing — Through out the basic chapters, we have been lax with the swings for as long as they are comfortable for us to analyze. However, we can no longer be tolerable when we reached the Fibonacci chapter. One of the factors that determines the accuracy of Fibonacci trading tools is how accurate we draw a swing. This time, keep in mind that a swing that does not break the mother candle is not recommended.

Valid Swing — A recommended swing is a swing that breaks the mother candle. It is still okay to skip the swing though. While frequent narrow swings can be better for basic technical analysis but wider swings are safer for drawing Fibonacci lines for example pulling the line from the bottom to the top and vice versa.

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Financial Technical Analysis Crypto Narrative Chapter 5 Classic Chart Pattern

6/11/2021

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Almost every traders, investors, and anyone else following crypto in social media and entertainment channels know about classic chart pattern. That is because chart patterns are the easiest to represent, which is the most interesting and entertaining way to share technical analysis to the public. Classic chart patterns also appears in crypto. While many articles probably mentions only 5 to 6 classic chart patterns, this article will mention 20 popular classic chart patterns that are used by intermediate traders.

Reversal Patterns

Reversal classic chart pattern are pattern that reverses the trend where if currently the trend is bullish then the trend will reverse to bearish and vice versa. In many articles, these patterns are not the first on the list but I decided to list them here first because new traders when starting their technical analysis education usually forgets about these patterns. The cause is the default instinct of starting learners where they always draw trend lines whenever trying to spot a chart pattern. The fact is that most these popular reversal patterns are not identified by trend lines but by support and resistance lines. Therefore, engrave these patterns into your head first.

Double and Triple Bottoms

To spot double and triple bottoms, check the support line. Then, check the swings which should look similar to a "W" letter. The price action must once go near the support line, then bounce up and bounce back down. At this point is a potential double bottom and around this time we should enter. Once the price goes up again and surpasses the previous top, then the double bottom is formed. If it breaks far below the support line, then the pattern fails.

Double and Triple Tops

To spot double and triple tops, check the resistance line. Then, check the swings which should look similar to an "M" letter. The price action must once go near the resistance line, then bounce down and bounce back up. At this point is a potential double top and around this time we should enter. Once the price goes sown again and surpasses the previous bottom, then the double top is formed. If it breaks far above the resistance line, then the pattern fails.

Diamond

Head and Shoulders

Reverse Head and Shoulders

Continuous Patterns

Continuous classic chart patterns are patterns that continues the trend. After a corrective phase ended, the trend continues and popular classic chart patterns are usually found in these corrective phase. To find these types of patterns, draw a lower and an upper trend line on the corrective phase except for cup and handle pattern which should be identified using support and resistance line.

Bullish Flag

bullish eth bar flag — After drawing upper and lower trend line on a bullish corrective phase and found the lines seemed parallel, try drawing a parallel channel. If most of the swing fits then it is most likely a bullish flag. Really, it looks like a flag. Many traders place a buy order above the upper trend line where they believe the price will continue the bullish trend when the price breaks the pattern.

Bearish Flag

Bullish Pennant

Bearish Pennant

Rising Wedge

Falling Wedge

Ascending Broadening Wedge

Descending Broadening Wedge

Cup and Handle

Reverse Cup and Handle

Either Patterns

Either classic chart patterns can either continue the trend or reverses. Classic chart pattern traders waits until the price breaks the pattern. After that, traders set a position following the price direction with a stop loss at the other side of the chart pattern's breaking line.

Symmetrical Triangle

Unlike wedges, lower and upper trend lines goes in different direction but converges but unlike pennant, it forms a wave. Triangles are longer than pennant. Triangle is the most popular classic chart pattern on social media today.