Cloak pump..reading charts (thank's Theoretical)

theoretical> So these EMA can be used at any time frame but will alter radically depending on the time you choose
<theoretical> Because if we now choose a 1 hour candle stick there are 4x as many candle sticks then there were at the 4 hour
<theoretical> and as can be seen in the 1 hour it is below all of the EMA and hence will be having a hard time getting some momentum upwards without some good news.
<theoretical> Everyone comftable with this so far?
<LosingCoins> yeah
<Pico_de_amaya> yup
<theoretical> This can be used in every alt coin at every time frame  The longer the time line the Stronger the resistance for that line!
<theoretical> Ok
<LosingCoins> ill continue thinking and may have questions later but please continue
<theoretical> Any questions please shoot now :)
<LosingCoins> none atm
<theoretical> il take breaks before moving onto next section to answer all
<theoretical> OK then we will move onto my favourite tool the fib extension
<theoretical> I will graph this on Cryptsytrader and show you guys then you will all have a go and share it to see if we can all get it right
<thedimmer> I cannot get my mind around why the EMA lines are in different places depending on hour interval.
<MrBoh> just browsing a feww things u typed ... dam theoretical your good ;)
<theoretical> haha thanks Mrboh a few years of this gets me there ;)
<theoretical> Oh Wait
<theoretical> Something i missed with EMA
<theoretical> You also need to look for things called Magic Cross
<theoretical> And the Death Cross
<theoretical> I use the 21 EMA in particular because if it crosses the 50 upwards thats called a MAGIC cross
<theoretical> And you can sure as fuck bet buy in then
<theoretical> and if the 50 crosses the 100 That is not a Magic cross But a Very strong Bullish sign but May patter out quickly as the security should have already entered a exponential growth
<theoretical> The death Cross as I'm sure you can all guess
<theoretical> When that 21 Crosses the 50 Downwards
<theoretical> Get the hell out
<theoretical> Obviously this isn't true for all situations but it is a strong indicator
<theoretical> Now going onto Fibs
<theoretical> https://cryptrader.com/charts/bittrex/cloak/btc When graphing on cryptrader you will want to use bittrex as opposed to mint pal for the majority of coins because they have a longer history and the more data we have the more TA we can perform
<thedimmer> There is a death cross on July 7 but price goes up
<theoretical> What time frame dimmer
<theoretical> ?
<thedimmer> I am looking at 4h
<thedimmer> Just before July 7
<Pico_de_amaya> What time frame should be used
<theoretical> yup
<theoretical> 4h is good
<theoretical> There was a death cross with a solid sell signal there my friend
<thedimmer> Well actually price goes down, and then it goes up
<theoretical> Just before it crossed it was trading at 38k Sat
<thedimmer> hard to tell a littl ebit
<theoretical> 4 candles later it hit 28K the 200 EMA and bounced
<theoretical> So if you sold at the time of that death cross around 35K sat
<theoretical> And bought at the 200 EMA you would be looking at around a 20% profit
<thedimmer> Why are the lines in completely different places depending on time interval?  I cannot understand that.
<theoretical> Because the amount of candle's Change
<theoretical> The numbers are all based on how many candles there are
<thedimmer> Ah ok
<LosingCoins> none of the ema's are showing up for me on cryptrader
<theoretical> so the 200 is the AVERAGE price at close of the candle for the last 200 candles
<theoretical> They won't they are something else there
<theoretical> don't worry about crypt trader.com to much yet i just want to teach fib extensions with it
<theoretical> Ok il graph something and share it with you then you will all try and get the same result
<theoretical> give me 2 min
<theoretical> https://cryptrader.com/charts/bittrex/cloak/btc
<theoretical> Go to the 4 hour time frame
<theoretical> its the top left box that says 30
<theoretical> change it to 4 hour
<LosingCoins> yup
<Pico_de_amaya> got it
<theoretical> Now there is a tool on the left hand side that looks like a pitchfork 3rd from the top if you click it and scroll down there will be a tool called fib retracment
<theoretical> http://www.tradingview.com/x/CShYugGM
<theoretical> draw it from just before mint pal took the coin at 28 K sat
<theoretical> to where the pump ended at ~90kish
<theoretical> See the 2 blue rectangles i drew on my chart
<theoretical> Those are where you are looking
<theoretical> Then to get the fib to extend across drag the top bar to the right but make sure you keep the 100% at that top of ~90k!
<theoretical> And look what magically happens the 160% line is exactly where we hit in the last bubble :O
<theoretical> how easy would that have been to make profit if you knew that back then
<theoretical> Everyone have a turn at drawing that graph and then click the camera and post your image
<theoretical> No one feel embarrassed we are all trying to learn
<LosingCoins> http://www.tradingview.com/x/buq7IInw
<theoretical> Awesome
<theoretical> sometimes its actually good to do what you have done and draw the 100% line in-between the top of the candle and the close as it finds a truer price for the time frame
<theoretical> Do you notice as well that the price actually follows those fib lines the whole way up to the bubble bouncing between them.  This is the same for every SECURITY IN THE WORLD (hence why this is my favourite tool)
<theoretical> everyone else take your time and when you feel ready post it.  If your having trouble give a shout and il help however i can :)
<LosingCoins> i had to drag it from right to left starting at the 100%
<Pico_de_amaya> Always use 4 hours?  or does this depend on the life of the coin
<b623> 1.618 the golden number
<theoretical> All of the numbers and lines are magic numbers
<theoretical> 1.618 is the magic Extension line
<theoretical> The rest are called Fib retracment lines which are magic
<theoretical> Time frame isn't important for Fib lines pico_de_amaya
<theoretical> Whats important is doing it from the bottom to the top of 1 movement.  A Movement is defined by when a security reached a state at which it changes the trend.  So it hit 90K TOP as the trend and then Began down trending Hence the end of the move.
<thedimmer> So this 160% bubble is common?
<theoretical> VeryVERY VERY
<theoretical> I can show it to you in super coin
<theoretical> DRK coin
<b623> this is the golden number
<theoretical> Almost any coin
<theoretical> They are all golden numbers in there
<theoretical> 0.23 0.36 0.618 0.764
<theoretical> for example if you were looking to accumulate cloak coin
<theoretical> you would want to buy it between 0.23 and 0.36
<theoretical> as this is called the Sweet spot
<theoretical> Please everyone else do pictures using the camera of your chart
<theoretical> I need to see it to help correct you so I know you have it right
<theoretical> Click the camera and just copy and paste the link here
<thedimmer> I am looking for the camera
<theoretical> top right next to save
<theoretical> tr_ your not even here :P
<thedimmer> http://www.tradingview.com/x/ccouvzqp
* Tr__ has quit (Ping timeout: 246 seconds)
<theoretical> spot on :P lol
<theoretical> sorry that was to TR
<theoretical> very well drawn
<theoretical> only thing is dimmer
<theoretical> i would put your 0% a little bit lower so its the candle Before the pump
<thedimmer> thanks
<theoretical> otherwise spot on
<thedimmer> That was actually what I was going to ask, where to do the zero
<theoretical> b623 jackstraw mrboh did you want to try graphing
<theoretical> Ah from the bottom of the movement
<theoretical> I will show you the next example and you should understand really well
<Jackstraw> i get where you plot your first point but not where you put the last
<theoretical> At the end of the pump
<theoretical> so the high of the 90ish K
<theoretical> so 0% from the start of the pump or the candle before it (the bottom of that candle) to the top of the highest candle in that movement
<b623> I need to do benevolence tomorow, I have to go sleep,  I record this discussion, so the next cloakcoin pump will go to 185k
<Pico_de_amaya> http://www.tradingview.com/x/e9pcML9B
<theoretical> haha maybe b623 wait 5 min
<theoretical> there are 2 possible answers
<b623> ok
<b623> I know 2 possible answers,  yes or no
<theoretical> pico_de_amaya you got it spot on but you drew from the Top to the bottom
<theoretical> Instead go bottom to top
<theoretical> And the extension will show on the other side
<theoretical> b623 hehe almost ;)
<Jackstraw> so like this?  http://www.tradingview.com/x/QqzMg6IN
<theoretical> upside down jackstraw as well.  So draw it the same but start from the opposite side
<theoretical> If that makes sense
<MrBoh> o sorry just saw u asked me... no thanks im good... was a day trader for a lil while im all godo on this front!!!
<theoretical> Wait its top to bottom
<theoretical> My bad i am sorry guys!
<LosingCoins> haha theor, i was gonna say
<Pico_de_amaya> lol i was wondering why
<LosingCoins> when you click it starts at 100
<LosingCoins> top to bottom =P
<theoretical> Yeah sorry its been 33 hours without sleep now
<LosingCoins> no worries man
<Pico_de_amaya> cool
<Pico_de_amaya> http://www.tradingview.com/x/WSyA7Sx8
<theoretical> Boyah!
<theoretical> hi-5
<Pico_de_amaya> awesome
<theoretical> but i see that everyone understands this so i will move on now and show you where i would draw the next 2 possible movements.  http://www.tradingview.com/x/YVtjwHzy here is 1 option Using the ATH and the bottom from one movement.  The other is this one http://www.tradingview.com/x/WVi4TwLy .  From the latest movement Honestly there is no way to tell which one it could be until we have more proof about where the market moves
<theoretical> This is also a possibility but is also less likely then the others because i am using much older data http://www.tradingview.com/x/tviixSEP.  I have moved all the blue rectangles to show the bottom and tops I am using
<theoretical> so b623 there are your possible exit points for the next run up
<LosingCoins> all around 190k is
<LosingCoins> ish*
<theoretical> My advice is pick an average price between them, and then set sell orders 2-5% lower and 2-5% higher in staggered amounts so you can catch it either way
<theoretical> Exactly
<theoretical> now everyone is comftable with the fib retracment and extensions?
<theoretical> If so we will move on to Indicators
<Pico_de_amaya> yea, mind blown
<Jackstraw> yeah man, thats awesome
<LosingCoins> yup
<LosingCoins> awesome stuff
<Jackstraw> i didnt realize cryptrader had all these features
<LosingCoins> ive used these tools before but didnt fully understand them
<LosingCoins> this is great knowledge
<theoretical> we are going to go back to wisdom for now to learn the basic indicators
<theoretical> Just as they work properly there some don't work on that website yet
<Jackstraw> i'm pretty new to cryptrader, usually use bitcoinwisdom
<theoretical> I have sent bug reports in on the ones that don't so should be fixed soonish
<theoretical> lets graph some drk shall we
<theoretical> https://bitcoinwisdom.com/markets/mintpal/drkbtc
<theoretical> If you switch to first of all the 4 hour time frame you will see that this pump ended smack bam on the 200 EMA
<theoretical> just to show you it works ;)
<thedimmer> Is the pump over?
<theoretical> for now it needs to retrace
<theoretical> so you could draw some fib lines and work out where it will bounce
* MrBoh has quit (Ping timeout: 246 seconds)
<theoretical> but why bother right now
<theoretical> lets open up the macd indicator
<theoretical> and switch to the 30 min time
<theoretical> now when using indicators like the MACD you are looking for whats called Divergence
<theoretical> That is when the Periods of green followed by red are getting smaller then the previous green.
<theoretical> Or when the periods of red are getting smaller followed by larger green periods
<theoretical> so on a 30 min time frame MACD we can see huge divergence from the first pump
<theoretical> to the 3rd/4th period of green MACD
<theoretical> So even though the momentum was dying down the price was still rising
<theoretical> This is where a lot of people get trapped buying High because the momentum is going down through the divergence as you can see
<theoretical> But the price is still rising
<theoretical> And you always want to follow mometum
<theoretical> Everyone follow?
<LosingCoins> what date are you looking at?
<LosingCoins> for the first pump
<theoretical> the most recent pump
<theoretical> 30 min
<LosingCoins> oh
<Jackstraw> yep i gotcha
<theoretical> july 16th
<theoretical> sorry
<theoretical> lol
<LosingCoins> kk got it
<theoretical> so see the massive amounts of divergence.   All those people who bought in at the start around 900K are now dumping onto those people scrambling to pick up the coins at 1.2 mill sats
<theoretical> thedimmer b623 pico_de_amaya with us>
<Pico_de_amaya> yea
<theoretical> I will take that as a move on
<theoretical> Now another handy way we can use the MACD
<thedimmer> Yes
<theoretical> switch to the 1Day
<Pico_de_amaya> k
<theoretical> as you can see If you bought as the MacD was just about to go from red to green you would have entered at 900K Sat and been exiting now at 33% profit already
<theoretical> So using the MacD the longer time frames are more important for those big crosses from red to green.  But they are the big buying opportunities.
<thedimmer> How would you know to exit now?
<theoretical> So even though Drk dropped to 90K sat's on july 2nd it wasn't actually a good buy until july 14th or 15th as you would be sitting in a sideways market
<theoretical> Good question
<theoretical> Switch to the 4 hour macd
<Jackstraw> i bought at just below .01 and got out earlier today around .012 just playing it safe and following my gut
<theoretical> This newest candle for the macd is already starting to drop
<theoretical> good call
<theoretical> And also where is that 200 EMA?
<theoretical> Right where the price stopped growing
<theoretical> So you know its a good time to exit now because the 200 EMA is HEAVY resistance and there is the beginnings of divergence in DRK
<thedimmer> Ah ok
<theoretical> on the 4H
<thedimmer> So the 4H seems to be the go to
<thedimmer> When checking the EMA 200
<theoretical> All time frames
<theoretical> and the EMA 100
<Pico_de_amaya> this is great stuff man, i really appreciate this
<theoretical> your welcome
<theoretical> ready to move onto the next indicator?
<LosingCoins> sure
<Jackstraw> yessir
<Pico_de_amaya> yup
<theoretical> So lets go on to the RSI
<LosingCoins> looking quickly at macd it seems you dont really hit the real bottoms and tops of the movements but it's a great indicator of the momentum changing
<theoretical> Exactly
<theoretical> And momentum is your friend
<theoretical> You want to always be on the right side of it, and if you can be earlier to the party you only get drunker :P
<LosingCoins> :)
* gravel_ (47cb531a@gateway/web/freenode/ip.71.203.83.26) has joined
<theoretical> So RSI
<theoretical> Ok Hey gravel
<gravel_> ok hey
<theoretical> You have stepped in deep into our journey of TA
<gravel_> like a sponge
<theoretical> We are talking about indicators and how you can use them to determine buying and selling points
<theoretical> Ok back on track before i fall asleep lol
<theoretical> RSI is the relative strength index
<theoretical> Or as i call it the HYPE and Despair meter
<Jackstraw> lol
<theoretical> Does anyone have a alt coin they would like to look at?
<Pico_de_amaya> cloak
<gravel_> lol
<Pico_de_amaya> lol
<gravel_> yes cloak
<Jackstraw> hype and despair how about vrc mintpal hack?
<Jackstraw> lol
<theoretical> not a good
<theoretical> one
<theoretical> because we lose the data
<theoretical> from a trading pause
<Jackstraw> true true
<theoretical> any other alts someone wants to throw other then cloak :P
<thedimmer> URO
<theoretical> URO perfect
<theoretical> https://bitcoinwisdom.com/markets/mintpal/urobtc
<LosingCoins> voot =/
<theoretical> actually ufo is horrible
<theoretical> uro*
<theoretical> Voot would be great imo
<thedimmer> sorry, just a guess
<gravel_> shield
<theoretical> I will get the foot chart
<theoretical> voot*
* p4n-afk (ircap@unaffiliated/p4n) has joined
<theoretical> Voot or shield
<LosingCoins> i am so confused on what to do with voot
<LosingCoins> been with it for ever
<theoretical> You guys decide
<LosingCoins> forever
<Jackstraw> yep me too on voot
<gravel_> shield is anon coin with only 1 million coins
<theoretical> Voot it is.  Gravel i will do a private session with you on shield after if u want
<gravel_> ok go ahead
<LosingCoins> appreciate it
<Jackstraw> i mined shield too sounds good
<theoretical> Thats fundamentals this is ta :P
<theoretical> https://cryptrader.com/charts/bittrex/voot/btc
<Jackstraw> or MIN
<theoretical> to late its voot
<theoretical> Hell no on MIN i hate that coin so i don't want to even look at its graph LOL
<Jackstraw> hahaa
<LosingCoins> lol
<theoretical> lets start with a 4 hour time frame
<theoretical> now to get indicators on this cryptrade you click the button on the top third from the right with a arrow and some bars
<theoretical> Then find the indicator called Relative Strength Index
<theoretical> Ignore the rest
<theoretical> now someone pointed out earlier that most of the time they don't like to load or just appear N/A
<theoretical> to fix that
<theoretical> Change the time frame to 1 H
<theoretical> then Back to $ H
<theoretical> 4H
<theoretical> Now the way the RSI works is
<LosingCoins> I need to head out in a few, I'll stay in the channel so I can review this information later.
<theoretical> no problems
<LosingCoins> I'd like to thank you for your time, do you have a twitter I can follow
<theoretical> I do have a Twatter though only just made it today
<theoretical> theoreticaltrad
<LosingCoins> haha
<Jackstraw> nice
<theoretical> As i said earlier i am mostly off the grid
<LosingCoins> alright I'll add you (@LosingCoins
<theoretical> Awesome!
<theoretical> Il start to do TA and post on there for the coins i follow closely
<Pico_de_amaya> Im out as well.  It was a pleasure sir
<LosingCoins> Really enjoyed learning tonight (engineer by trade, so new to this game)
<theoretical> When  it goes above 70-80 Its over bought or as i called it HYPED and when it goes below 30-20 Its over sold or DESPAIR
<theoretical> the key thing to look for with RSI is Divergince divergence divergence.
<thedimmer> I love the term "despair".  Oh, the wailing
<theoretical> http://www.tradingview.com/x/Wbgi8dG7
<theoretical> You can actually draw trend lines using RSI as well to see when its going to break out of the pattern
<theoretical> As i just did then
* _jaqen_ (~thejaqen@unaffiliated/jaqen/x-0802237) has joined
<theoretical> the other really useful fact for RSI is finding a true bottom of a security
<thedimmer> So what is the reasoning behind the line you just drew.  Is that just a vector line between peaks?
<theoretical> so i am going to just quickly graph it and show everyone as i am faiding fast and need a coffee lol
<theoretical> That was a trend line to show that the price was not going to be able to "Rise again" until it broke through that RSI LINE
<theoretical> And as you can see when it broke that RSI line that mid term down trend was over
<thedimmer> Ah
<theoretical> http://www.tradingview.com/x/RspWEXTw
<theoretical> now this graph is what i really wanted to draw for voot
<theoretical> Ok explanation time
<theoretical> The yellow line at the top Shows a double Top
<theoretical> So even though the price was a lot higher on the 2nd peak
<theoretical> the RSI double toped with the first pump showing that it HAD to be the end of the pump
<theoretical> As the HYPE factor was through the ROOOF (As was the price hehe)
<theoretical> Now that Red line i drew down the bottom Shows the Double Bottom on the RSI
<theoretical> Because it hit around 34 on the rsi Lifted to 40 then Hit 34 again.  This HERE is the CONFIRMATION for a Trend reversal
<theoretical> and sure enough there was a little up sure followed by a down surge and another upsurge
<LosingCoins> Thanks again for the info. I may check back in a couple hours :)
<theoretical> Now the blue Line i Drew Was much like the line i drew in the first graph.  The Security in this case Voot Was actually not going to be able to go down HARD until the RSI broke the line
<theoretical> Your welcome I hope this has been educational and can improve your trading
<LosingCoins> Let's just say if i knew this info i would be up a few more btc
<LosingCoins> :)
<theoretical> and sure enough as the RSI hit into that blue line and broke it we are now entering into this new down trend.
<theoretical> Hehehe :)
<theoretical> well if you ever make profits from my advice feel free to ask for my wallet and you can send a tip Though none are Needed!
<LosingCoins> Definitely will do
<theoretical> Now that long pink link I drew, is where i am believing we may be having a Double bottom on the RSI and if this is the case
<gravel_> so you think cloak looks fine for now
<gravel_> i was getting a little worried that if it didnt head north a bit it might start falling
<Jackstraw> definitely theoretical, if you want to send me a cloak address i will gladly kick you some for the crashcourse
<theoretical> Voot may soon begin to enter a consolidation phase, and with this if it the RSI hold will soon enter the next Up trend
<theoretical> You were right gravel with the cloak thinking.
<theoretical> Bw6YMTFYsuLLbpuhHyN2dkhAGEqJxtH3yj cloak address
<Jackstraw> cool man ill send in a few :)
<theoretical> But right now cloak is in a consolidation phase with the fib resistance here and the ichimoku cloud
<theoretical> plus there are some whales sneaking around the 100-110k price wanting in ;)
<theoretical> Take your time.
<theoretical> Now there is 2 more major indicators I believe are useful to use
<theoretical> So if everyone feels comftable with RSI i can move on
<theoretical> Or i can do another coins RSI for another demo
<theoretical> Your choice hear companions
<thedimmer> Do other indicators
<_jaqen_> agree
<_jaqen_> d
<theoretical> Ok :)
<thedimmer> And I sent you some cloak, thanks so much
<theoretical> Should we do OBV or Ichimoku cloud?
<theoretical> Thank you Dimmer Your a legend!
<_jaqen_> ichimoku cloud
* Bdomino (6342b4e5@gateway/web/freenode/ip.99.66.180.229) has joined
<theoretical> Awesome it is the easiest indicator to use once you learn how to set it up
<theoretical> lets do it on cloak shall we?
<theoretical> as we all love that coin
<theoretical> https://cryptrader.com/charts/bittrex/cloak/btc
<_jaqen_> I sent you some cloak too, it's not much but hopefully with your tips I can send more in the future :)
<theoretical> Welcome bdomino you have walked in very late to this :)
<theoretical> Please guys do not feel obliged I am also trading whilst talking to all of you :)
<Bdomino> sorry gravel told me to wake up lol
<Jackstraw> allgood man I have had a good week so far
<theoretical> So lets pull up the indicators panel again third from the right with arrow upwards
<theoretical> and find the ichimoku cloud
<_jaqen_> I just appreciate all of the time you've taken to teach us
<theoretical> Now once again reset the time frames from 4 h
<theoretical> to 1 h
<theoretical> to 4 h
<Jackstraw> yes very kind theoretical really appreciated
<theoretical> Now holy fuck does that not look ugly just adding that ichimoku cloud in
<Jackstraw> thats alot of lines
<theoretical> so now i shall teach you how to make it readable
<theoretical> as all of those lines are useless for us
<theoretical> http://www.tradingview.com/x/9szp34oD/
<theoretical> around where that rectangle is
<theoretical> there should be a button
<theoretical> a settings button
<theoretical> click it
<theoretical> then go to style
<gravel_> but what does that mean
<theoretical> and deselect every box apart from
<theoretical> Just wait and see
<gravel_> the cloud?
<gravel_> ok ok
<theoretical> Plot background
<theoretical> Leave plot background ticked
<theoretical> and then drag that line down the bottom that is closer to white all the way to blue
<theoretical> And BAM you have your magic CLoud
<theoretical> This indicator will work on any time frame above 1H
<theoretical> http://www.tradingview.com/x/MKa1g3It
<theoretical> thats what it should look like finally
<theoretical> The cloud is the easiest to understand
<theoretical> When the cloud is below the Price It is HEAVY support at the top of the cloud.  When the cloud is Above the Price its HEAVY resistance
<theoretical> If the security enters deep into the middle of the cloud this is called NO MANS LAND
<gravel_> so if that cloud doesnt get brought up it wont hold
<theoretical> and this is where you can never be sure whats going to happen Unless
<theoretical> The cloud Raises with the price going higher
<theoretical> Its a leading indicator
<theoretical> And the cloud reverses and drops as the price drops
<theoretical> As i was saying you can never be sure UNLESS It broke down into the cloud HEAVILY and bounced off the bottom (if price going down) IF THIS is the case then its most likely going to drop out of cloud and cloud will become resistane
<theoretical> Obviously the opposite for the price breaking through the cloud
<theoretical> But if a Price of a Security Just drifts into the cloud That is a dangerous time to OPEN a position unless you are sure of the fundamentals
<gravel_> so this would show heavy support for cloak right now?
<theoretical> Exactly
<theoretical> And the longer the time frame the further out the cloud will be BUT THE HEAVIER the support is
<gravel_> ok thats really cool
<Jackstraw> wow
<gravel_> thank you
<theoretical> So if you can use these indicators of MACD RSI ICHimoku cloud and the 21 50 100 200 EMA together you can have 5 different ways of things telling you if its a Buy or a Sell
<thedimmer> It seems like whenever there is a pump, the price hovers way way above the cloud
<theoretical> Yup
<theoretical> Thats because the cloud Is a leading indicator
<gravel_> the brown lign is like the peak of what should be reasonable value?
<theoretical> And needs time to catch up to it
<gravel_> the roof?
<theoretical> i remove all the other lines from the ichimoku cloud
<theoretical> if you want a band i can show you a new indicator
<theoretical> So the cloud is easy to use annoying to setup
<theoretical> But very powerful imo
<theoretical> More indicators?
<_jaqen_> if you're willing, definitely
<theoretical> Alright il go for a nice fun one that gravel gave me the idea to do
<_jaqen_> sounds good
<theoretical> Go to indicators https://cryptrader.com/charts/bittrex/cloak/btc and choose bollinger bands
<theoretical> not the bollinger bands % or any others just the straight bollinger
<theoretical> I think they are very self explanatory.
<theoretical> If the price goes above that unless there is a good reason on the 4h Sell
<theoretical> If it goes under it unless for a good reason BUY
<theoretical> they are not 100% but a good trailing indicator to confirm your thoughts
<thedimmer> It seems before each pump, the price exceeds the band by a bit
<theoretical> Yep
<theoretical> so hence wait for confirmation.
<thedimmer> Ok
<theoretical> Thats why they are called Trailing indicator as it lags behind the price action
<theoretical> Whilst the cloud Goes ahead of price action
<theoretical> So its a leading Indicator
<gravel_> that would have helped me earlier lol
<theoretical> lol
<theoretical> i know the feeling gravel_ before i found most of these I was just throwing things everywhere
<_jaqen_> haha yeah, after talking with you I understand why I lost money day trading
<theoretical> Because there are people better then me who are happy to take your money ;) lol
<theoretical> I can teach you a indicator to see if a security / coin is being accumulated or sold off now if you would like
<theoretical> Hence you can sometimes see which coins the whales are accumulating in mass to PUMP
<_jaqen_> that would be very helpful
<Jackstraw> very good info
<_jaqen_> damn
<gravel_> looks like cloak is about to take a drop
<_jaqen_> need to c/p all of this
<theoretical> I will do this one on the Bitcoin wisdom
<gravel_> but according to the cloud one, it looked fine
<gravel_> but that looked like it was a current chart
<theoretical> cloak won't drop below 108k IMO
<gravel_> ok
<theoretical> though if no news is forthcoming it could
<_jaqen_> need to c/p all of this
<theoretical> I will do this one on the Bitcoin wisdom
<gravel_> but according to the cloud one, it looked fine
<gravel_> but that looked like it was a current chart
<theoretical> cloak won't drop below 108k IMO
<gravel_> ok
<theoretical> though if no news is forthcoming it could
<theoretical> Alty is sick in bed so there is a delay from him
<theoretical> But that means he could pop up at any time to be like BAM BITCHES
<theoretical> But back to class anyway
<theoretical> just trying to find the right coin for showing u this indicator
<Bdomino> what does shield look like heavy accumulation ?
<theoretical> I will have to look into shield.  Personally i hate the coin so never graphed it lol
* prueba1234 (d461a0d1@gateway/web/freenode/ip.212.97.160.209) has joined
<theoretical> I can do that after showing this technique
<theoretical> Wow more new comers are still coming
<theoretical> welcome prueba1234 i think your so late that its almost pointless now
<theoretical> but stay and listen if you would like :)
<theoretical> your more then welcome
<theoretical> https://bitcoinwisdom.com/markets/mintpal/xcbtc
<theoretical> XC
<theoretical> then choose the indicator OBV
<theoretical> at a 4 hour time frame
<theoretical> OBV stands for on balance volume
<prueba1234> i'm p4n @ work hehe
<theoretical> In basic sense it measure the amount of Sell orders INTO the buy orders and that makes it -ve
<theoretical> Woot Well WB :)
<prueba1234> i'll take a look at the logs later at home!
<theoretical> And measures the amount of Buy orders into The Sell orders and that makes it +ve
<theoretical> so looking at a 4 hour graph of XC
<theoretical> with OBV
<theoretical> There was heavy heavy accumulation even as the price was Skyrocketing downwards into the 240K when it was first released
<theoretical> This shows that whales were picking up on the coin
<theoretical> Obviously the massive sell off Was a whale saying Fuck it and lItterly dropping his bag onto everyone causing the OBV to go -ve
<theoretical> but then you can see through the rest of the price rises and falls the obv only really went up
<theoretical> Until the point of the pump from 116K on july 2nd and even then with the push upwards to 300k
<theoretical> It didn't increase by much
<theoretical> So what this shows is that there was a Strong amount of holders in the coin and they did not need to buy much to push the volume up
<theoretical> So straight away A fake Pump
<theoretical> Because if it was a real pump (compare it to DRKS chart in your own time) it would have risen massively to do a 2x in price.
<theoretical> And sure enough at the 300k Level someone dumped it and you can see that the obv straight away went down hard as someone was selling Directly into the sell orders with little mercy.
<theoretical> Since then the obv has remained Flat until recently it is now picking up momentum.  So i would say that people are accumulation XC at the price of 140-170K sat.  And we will soon see probably that same whale that drove it to 300k Play this game all over again
<theoretical> Once the OBV get to that higher level
<theoretical> Make sense?
<Jackstraw> yep
<_jaqen_> so comparing that to cloak, 4hr on obv, it was really low until the rise on the 10th, meaning it's not a fake pump? since the obv jumped with the price?
<theoretical> Exactly!
<theoretical> Il pull up the chart to double check
<theoretical> But I know your right as well ;)
<theoretical> as i follow cloak closely
<theoretical> Yes Precisely
<theoretical> And you can see That even with the dump down to 65K
<_jaqen_> ok I think I'm starting to wrap my head around all of this
<theoretical> hardly any were actually "accumulated" at that price
<theoretical> Which is a really good sign for all of us
<Jackstraw> people were just holding
<theoretical> Because the more Cloaks that were accumulated at 65 K the more would get dumped on us at 100K
<theoretical> Exactly!
<theoretical> But because the OBV is so high on cloak we actually look at the walls as well
<theoretical> that 134 wall on cloak is fake
<theoretical> telling you that 100%
<theoretical> Just by looking at the OBV
<theoretical> no one would want to really Buy Cloak at 100K and sell it at 134K because of the fundamentals And the amount of STRONG holders in this coin
<theoretical> So OBV can also help gauge the strength of holders.
<Jackstraw> saw the same thing in VRC, hard for them to pump with so many people holding and not willing to sell
<theoretical> So if you start to use all of these different indicators and EMA's at different time frames (In particular 4 hours 12 hours 1 day (IF THE COIN IS OLD ENOUGH TO HAVE AT LEAST 10-20 CANDLES) and 30 minutes) you can see a lot of patterns
<theoretical> Well its easier to pump with more holders
<theoretical> Its just the Whales Don't WANT to pump when its strong holders
<theoretical> The whales Want to SHAKE THEM COINS OUT and hold them.  So if to many people have tight fists the whales get grumpy ;)
<theoretical> I hope this has given you a bit more of an idea to trading / investing
<Jackstraw> awesome man
<Jackstraw> very good info
<Jackstraw> I gotta crash, thanks theoretical!
<_jaqen_> yeah it's helped a lot
<gravel_> thank you
<theoretical> Your welcome