MFI

Seann27

I use Money flow index coupled with RSI, Chande Momentum Oscillator, and bollinger bands, all on the 4h time frame. If you see RSI and MFI diverage, usually a good signal. If you see higher highs or lower lows on mfi, also a good signal. For chande the signals are pretty straightforward. Buy when it is near the bottom and sell near the top. Bollinger bands can give a good indication of areas of support / resistance. And can also help see trend reversals. I've had some success trading in combination with all of these, but obviously winning trades come much more easily in a bull / crab market than a full blown out bear market. Risk management helps account for that. Good luck

Seann27

What conditions are you using if you don't mind me asking? I have had success using MFI and Chande Momentum. I think good risk management is also key to combating the extreme volatility. I usually leave enough room to average down 4-5 times on a certain trade if it crashes. I also wait for the indicators to hit their sell conditions before averaging down again

mikzane1

Market trend is the beat.. Why should I buy when everything is pumping and overbought? Better use indicators like RSI, MFI to find when the asset is oversold and then DCA then

coinfeeds-bot

tldr; The relevant text for the article title is: "Bitcoin bulls have bitten off some dust as the market shows signs of accumulation. BTC may gain enough momentum to move away from rising support. According to recent Glassnode findings, the BTC volume of lost or HODLed coins is now at a new 5-year high. The fact that BTC holders are opting to HODL is a good sign for the bulls. Taking a look at whale activity shows that demand for bitcoin has been improving lately. Whales have a significant impact on asset prices, so increased demand for whales could result in more bullishness. The price action of the cryptocurrency is trading inside an upper channel connected with support and resistance. Weakness in bitcoin price recently re-tested the ascending support line. Bitcoin’s MFI indicator confirms the resurgence of bullish momentum. The derivatives segment also displayed similar optimism. The above findings confirmed that bitcoin was tilting in favor of the bulls. The regulatory environment is slowly improving and there is a lot more to come." Summary: Bitcoin HODLer count has reached a 5-year high, indicating bullish momentum. Whale activity and improving regulatory environment contribute to the positive outlook. The price action and derivatives segment also support the bullish trend. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

Ares2k9

This is why i am watching the MFI closely. When it confirms bearish, then we could see a quick fill of the 20k CME gap.

trrrring

It looks promising. I wonder if the tool also explains the abbreviations for newby investors like me like SMA and EMA, EMA cross, Bollinger bands, MACD signals, RSI, ADX, MFI, NATR, WillR

tigermax42

It’s a one time payment, and tone Vays has been using it for years. He also uses something called mri buy-sell that I’d like to learn more about. But the key leading indicator is MFI, and VWAP as a close second. Someone posted in whale crew a long time ago that if you just set a bot to buy when VWAP crosses up past zero and sell when it crosses below(on the 12 hour chart) you will make gains. Which cipher a are you using? I miss those red x and yellow x warnings. I’m not sure why all these people who don’t trade are piping in with their opinions on day trading. I prefer swing trading, but you can scalp with 100x if you can anticipate small moves and use proper risk management. I personally just use spot and am looking to trade alts against btc.

khilayi

yes, vumanchu cipher B does show MFI. The Phince TD Sequential mentioned, is the payment one time, or recurring?

tigermax42

That’s a good question. But funds are tight at this time and if I need the liquidity I don’t wanna ride bitcoin down. MFI and VWAP are leading indicators, I’ll wait till the day go and load into small caps

sitwano

MFI indicator shows that the current price is overvalued in the near term. I expect a drop, keeping in mind the economic downturn in the recent and present times.

poor_doc_pure

It's a basic price action script that gives you support and resistance. It also plots bullish and bearish breaks and wicks. The script finally plots MACD to help you identify when the trend changes, and MFI to help you with the money flow.

sylsau

>"Greater transparency over the government's transactions in bitcoin and the financial situation of the state-owned bitcoin-wallet (Chivo) remains essential," the IMF said. > >The IMF highlighted the "full recovery" of El Salvador's economy to pre-pandemic levels, "driven by the effective government response to the health crisis." > >Real GDP is projected to grow by 2.4 percent in 2023, the IMF said, above the historical average. It must be a big disappointment for the IMF and the West to see that El Salvador is keeping its commitments despite all the lies about it from the IMF and the West about the country's future bankruptcy due to the implementation of the Bitcoin standard. The truth lies elsewhere, and one should certainly not believe what the members of the IMF are saying, as they only want to protect the current system by denigrating Bitcoin. The truth is that the Bitcoin standard is running its course in El Salvador. It will take time before it is a huge success as President Bukele hopes, but for now, things are following their course as expected. Patience is the key. A difficult concept for the MFI to understand.

sylsau

>"Greater transparency over the government's transactions in bitcoin and the financial situation of the state-owned bitcoin-wallet (Chivo) remains essential," the IMF said. > >The IMF highlighted the "full recovery" of El Salvador's economy to pre-pandemic levels, "driven by the effective government response to the health crisis." > >Real GDP is projected to grow by 2.4 percent in 2023, the IMF said, above the historical average. It must be a big disappointment for the IMF and the West to see that El Salvador is keeping its commitments despite all the lies about it from the IMF and the West about the country's future bankruptcy due to the implementation of the Bitcoin standard. The truth lies elsewhere, and one should certainly not believe what the members of the IMF are saying, as they only want to protect the current system by denigrating Bitcoin. The truth is that the Bitcoin standard is running its course in El Salvador. It will take time before it is a huge success as President Bukele hopes, but for now, things are following their course as expected. Patience is the key. A difficult concept for the MFI to understand.

Seann27

MFI is nosediving on the BTC 4h timeframe, indicating money is flowing out of BTC. Usually this is a bearish indicator and a good sell signal, but the market has been wildly unpredictable these last few weeks... for all we know it could moon so more, tough to call

so_schmuck

MFI? What’s that? Motherfucking FI?

coinfeeds-bot

tldr; Crypto and stock analysts Stock Money Lizards share exclusive charts with CryptosRus that point to the final phase of a “parabolic bull run” for Bitcoin. “After the MFI has hit its low (and all time support) it appears another long bull phase is beginning. This could, however, mean that there will be some weeks of sideways movement before the actual leg up,” they said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

teeteedoubleyoudee

Just waiting for the guy next week to comment "People said it was the MFI, it wasn't the MFI, it was..."

Pluth

People said it was oversold. That is why I use MFI. It is not oversold on the weekly MFI yet.

Pluth

Pull up any chart app. Use stochastic RSI, normal RSI, or MFI as an indicator. Do some research on what these all are and how to read them. It isn't merely just line goes up or line goes down.

Pluth

The MFI and Price Action for ETH has been steadily converging over the last couple weeks. Let's hope astrology is correct and this could mean a reversal, if not just relief rally. Copium mixed with Hopium is the nerd speedball.

METH4KlDS

Didn't buy anything yet, though btc will probably have a relief pump to 34k-36k before a lower low to 18-24k. My strategy is to wait for one or more of the following to occur, then fill my bags all at once: - BTC.D: Retesting weekly 200MA - BTCUSD: Retesting weekly 200MA - BTCUSD: Monthly MFI oversold - BTCUSD: Weekly MFI bullish divergence - BTCUSD: Significant volume spike on monthly chart Buying for long term hold positions without at least one of these occurring is financially irresponsible imo, as they are guaranteed bottom signals, assuming you believe BTC will have another bull cycle.

Pluth

I agree. MFI is much better. MFI actually accounts for volume and price.

METH4KlDS

If btc loses 34.5k support, 18k-24k is is my buy range. MFI and RSI printed a bearish reversal divergence on the monthly chart between its March 2021 high and November 2021 high, which is fairly bearish. The good news is (assuming btc loses support and does drop to ~20k), the next btc cycle should show strength similar to the 2017 cycle, at least imo.

sylsau

But this will obviously never be done. The MFI is already long obsolete. The institution is just trying to survive by fighting Bitcoin, but the future is already sealed.

Seann27

A couple of things i look at: Money flow index and RSI on the daily and 4 hour time frames. RSI can help ypu determine if something is overbought or oversold and due for a trend reversal. Money flow index (MFI) gives you a sense of what whales are doing. Divergence is a decent indication of this. So if a price is climbing and MFI is decreasing, you can expect a dump in the near future and vice versa. Keep in mind that alts typically follow BTC, so you'll want to monitor both. Long trades and short trades. You can view these on tradingview for a lot of assets (BTCUSDLONGS, BTCUSDSHORTS). If you see longs exploding and shorts leaving the market, that's a sign it could pump. If you see shorts increase and longs decrease, thats a sign it could dump. Be weary of traps. Ever notice how market dumps frequently occur in two's? The market dumps, stablizes, and dumps again a few days later? That is a classic way that institutuons trap retailers, get them to think the bottom is in and then dump even more to liquidate long positions. Bear flags and bull flags are real formations, google them and you'll see we just recently played out a bear flag. Look at the stock market and stock market futures. It isn't reliable 100% of the time but it still correlates nicely with crypto. i usually check in on how NASDAQ is doing. Finally, keep in mind that no one can time the market. It is best to break up your purchasing power into buy limits. If you think it is a good time to buy, place a market order but then place buy limits at varying support lines on the daily time frame. I usually look to place a buy limit below each fibo support line... personally i place 4 buy limits but that is just preference. Bottom line is never go all in and expect the market to work against you. Set a goal of profits you want to take and cash out when you hit it (example, at 12% profit cash out). Stay away from leverage. This is not financial advice, but hope it helps

Heishiro_Mitsurugi

My experience on crypto: I tried to learn first; resistance, support, trend lines, volume, candle patterns, triggers, etc. Watched all "guru's" in youtube; the ones that try to teach something and the ones that try to sell you something. Then i started using paper trading and tried trading in 4H, 1H, 15m. I also tried using indicators, EMA Crosses, SuperTrend, MACD, RSI, Divergences, Squeeze Momentum Indicator, ADX, VuManChu, MFI, etc. In percentage, my case was 15% won, 85% lost. So not profitable at all. I had luck in some trades where i put the order and boom! the price went my way a lot, but 1 time month? And i'm clear that it was simply luck. My conclusion is: Trading is gambling. You convince yourself that with lines, patterns, indicator, you have more probabilities, but then, you mark a spot to long/short and you watch how the market goes againist you and then makes the move you expected. Afterwards, you draw another line connecting the year 1940's with today price and you say "that was the line that was missing and explain why the price stopped there". A simple excuse to try and make yourself feel better, but the reality is that the market moves completely random. The risk management is worthless; you just divide your money on how many trades you will try before losing all your money. There's no magic indicator, support and resistance lines are subjective so maybe your line is in a great spot, or not; no order block, no imbalance, nothing. It's just like to predict the next card that will be dealt from the deck. At that point, i took a course. They "taught me" everything i already knew. And when they teach you, they don't do live trading, they just take bitcoin, and activate the replay tool. I guess it's because it would take a lot of time to enter a trade. Anyway, of course they know where Bitcoin "will" go. Already happened. And if things don't go the way they "predicted" the excuse is simple: "The market does this; these are just probabilities", confirming that is simply gambling. The same thing happens in tutorial videos. Replay tool. Using the replay tool makes you a Guru in trading. Now, i just simply bought BTC in SPOT. If it goes up someday, i will sell it and i'll store this experience in my memory. For now, i'm losing; as always.

BulletAllergy

I installed a bitcoin wallet very early on but I never could be arsed to start mining or acquiring bitcoin at the time. Later I had an opportunity to buy a bitcoin miner for $2000 that had a hash rate that would make ROI in six months if the difficulty wouldn’t rise too much. The price of bitcoin was at around $100 at the time. I did not do that. With drunken confidence I put a lot of money in Btc futures when MFI and RSI looked like they were going up from very very low value after the price dropping quite a bit from ATH making me think it was a done deal. It was not. I topped up until I ran out of money. I also put some money in $TIME wonderland which was a great idea. 10/10 would recommend as this was my best investment yet. I am only down 90% on this one instead of 100! My biggest holding right now is probably from the fucking betswap.gg drop I got from that. Oh, I also have a 3Commas account. If anyone wants some investment advice, just ask!

Seann27

Bullish signs: Btc longs are still way up (even from 44k) which means there's a lot of traders who think it will pump in the near future. The 4 hour MFI, RSI are oversold and upside momentum is reaching trend reversal territory. Bearish signs: On the 4 hour there's a bear flag forming, FUD regarding US interest rate hikes and of course the war in Europe, causing bearish sentiment and uncertainty in global markets Imo, i think we will crab and maybe dip again today or tomorrow. However next week could be very bullish

Seann27

Lot of money buying the dip according to the 4h MFI, bullish

CapitalHighHDLR

There isn’t. I’m showing a move in the price chart with the following indicators beneath (top to bot); PMO, MFI, RSI and BB 20-2 on chart. The topic remains TA but I’m asking for a opinion (analysis) on this movement.

sylsau

El Salvador has no interest in responding favorably to the MFI's threats. El Salvador has seized an opportunity to change its future for the better. Under the current system, the country presided over by Nayib Bukele was condemned to subsist with no way out of the circle of widespread impoverishment that is the current system. There is no guarantee that the standard Bitcoin experiment will be a success in El Salvador, but at least the country will have tried to change its future rather than remain in a state of immobility. The scary thing for the MFI here is that Standard Bitcoin will be a success for El Salvador. This would motivate other countries to follow the path paved by Nayib Bukele. No matter how much the IMF continues its threats, other countries will follow in the future. It is inevitable.

islandchild89

Put a screen in front of your screen then add one in-between. Be one with the RSI and MFI, rising and falling with the waves and treat the macd as your north star. ...jk just buy at defined support, sell at resistance ( partial) , if it flips resistance to support add a trailing SL into profit

islandchild89

I sold at 40k, been grabbing nice pumps since. Last night and today i got a few trades in at 5-20 percent just staring at the MFI and RSI lol. Just hoping in an out and lending some stables til we get sorted

davidoffxx1992

I'm not a technical trader but I like to fool around with TA a bit to try and discover what has happened in the market. When looking at LRC I noticed a huge spike in trading volume on 28th october 2021 and also had a big spike upwards in price. After that it went to the moon and reached almost 4 dollars which indeed was almost an 1000% increase. **this is probably the part where people started to fomo into the coin thinking it is going to be the next bnb/amc stock or whatever.** After that it retracted back with 50%, which a lot of traders tend to use to enter a trade or just an entry point for their investment. Its an textbook example of an retracement after ATH. However at the same time volume was very low (compared to before) so pushing a price upwards was far easier at that moment. Maybe some whales pushed the price back up? I dont know, or maybe people were waiting for an retracement to happend an Fomo into the coin. Or maybe some traders were hoping to make a quick buck. **It then again went up and almost reached its previous ATH.** However a lot of the momentum indicators like RSI/stoch RSI/MFI and MACD were telling that this second price rally could not be sustained. Which was true in this case cause after that second rally it went downhill. Also a lot of traders were talking about a strong support level at 2.16, which is broken. So around december after breaking that support, it went downhill and is still going downhill. People were also talking about an bull flag shape TA or an ascending trangle shape, which according to them is an indication that lrc could reach 5 dollars. This might also have had some influence on the second rally, because a lot of retail probably bought into these promises of TA. Now it has broken the weekly 21sma, which a lot of traders/investors see as a bearish sign. So they probably already sold their bags, the whales probably already filled their short orders and scooped up a lot of money. Now a lot of retail seems to be left and nobody knows what is going to happen to LRC? **Was it a buy the rumour sell the news kind of pump and dump?** Personally I wouldnt invest in a coin that has gotten up so much by just hype. i would rather have a slow and steady kind of crypto, to use it as an hedge against inflation. I mean look at CHZ, it went up 3000% in a few weeks and is now down 75% of its ATH. Yeah its fine if you bought it at around 0,01 cent. You can pull out 50% and let the rest ride, but its fucked for those that bought between 0.25 and 0.97. Moral of the story: dont by the hype. Dont fomo. Just dyor and dca into solid projects.

-Cavefish-

I used a model I created myself. It was just a relation between MFI, heinkin ashi candles and DAGO (custom indicator). It worked wonderfully from July 2017 until March 2018. I mad a ton of money in leverage trading. Until I entered a 15x long and got rekt. Lost a bit more than 25% of all my profits in this single trade. Learned the lesson…

gottschegobble

Bought MFI at 2.50, it was such a great project and amazing devs but then came the may crash and it fell down to 0.2 and hasnt gotten close to recover at all

Icy-Cockroach11

I did not stake my MFI but I have big ROI as it hits new ATH. Good thing ai bought the dip! Now, I'm thinking of DCA-ing it daily or maybe I can stake it too. What's your advise?

Seann27

There is a bearish divergence between price and MFI on the 4h chart, so a correction soon is definitely possible. According to the fib retracement (starting nov 26th) looks like a lot of support around $73.5, and again at $66.44. However TA in crypto isn't as reliable so, take it with a grain of salt

PastCheesecake6906

I've invested in MFI of MetaFinance. You see, they are lesse known yet if you look at this project deeper you can see a bright future. It's not just a one stop DeFi hub. They will also launched a MetaDEX soon. Check it out!

amberlove01

Most probably it will skyrocket! I'm actually accumulating more $MFI while still affordable.Btw, do we have date yet when MetaDex is up?

Seann27

No problem! Some other useful indicators i have found are MACD, RSI, bollinger bands and MFI on daily and 4 hour time frames. Granted TA in crypto can get a bit messy because of how manipulated the market is, still interesting to study nonetheless

PastCheesecake6906

Yeah, and by the look of it. There's still more room for MFI to grow. I can say it's not too late to enter now. Looking forward to the MetaDex.

MehGin

>MFI Nice, ty!

LiquidPuzzle

MFI