Multibit — Trading Ideas on TradingView

Trade Idea for Multibit (MUBI) - Accumulation Strategy Multibit (MUBI) is trading at approximately $0.121, experiencing a decline of 2.75% over the last 24 hours and a more substantial decrease of 6.80% over the past week. The market cap currently stands at around $114.96 million, placing it at #406 in the market cap rankings. The 24-hour trading volume is reported at about $10.8 million. Start building a position at the current price of $0.121. Given the recent pullback, this level could present a value-buy opportunity if you believe in the long-term fundamentals and use case of MUBI. If the price continues to drop, consider scaling in additional purchases. Key price levels for further buys could be set at $0.110 and $0.105, allowing for cost averaging down while increasing overall exposure to potential future price recoveries. Aim for an initial sell target at around $0.21, $0.24, $0.28 which represents a significant rebound from current levels. Adjust further targets dynamically based on market conditions and MUBI's performance. Multibit facilitates cross-chain transfers between BRC20 and ERC20 tokens, enhancing liquidity and interoperability across blockchains. This technical utility might drive its adoption and increase token value as the crypto market evolves towards more integrated blockchain ecosystems. This approach is suitable for investors with a higher risk tolerance and a long-term investment horizon. Without a stop loss, closely monitor market developments and be prepared to adjust your strategy based on significant changes in market dynamics or project fundamentals. The current market conditions and the strategic utility of Multibit in promoting cross-chain interoperability provide a potentially undervalued investment opportunity. Given the volatile nature of the market, this accumulation strategy allows for flexibility in capital deployment while aiming for substantial upside potential. Disclaimer: This trade idea is based on the latest available market data for MUBI as of May 2024. Please consider this analysis as a part of your broader research and not as financial advice. Markets remain volatile, and investing in cryptocurrencies involves substantial risk

Multibit $MUBI showing bullish signs to reclaim ATH Being one of the strong projects in fundamentals, daily chart of $MUBI has started showing bullish signs after a few months of downtrend. On the way to reclaim one of previous strong supports, and if this hold with the accumulation period of Bitcoin CRYPTOCAP:BTC , I am expecting $MUBI to reclaim its ATH.

How to use the Multibit-System x8 Processor First, the bases of this chart: what is multibit: its a way to transmit 16 bools from one indicator to the next, based on the library this is called daisy chaining, so to use that stuff u need at least a TV-pro+ license, but i would recommend premium, as you also have more data to analyze here you see how its basically looking, x8 can do 8 channels, starting from the bottom which is 0 to the top which is channel 7 what is a classic signal: its a signal for daisy chaining based on a trigger line which can do -1, 0, +1 for short,long, neutral What to see in that Idea: 5 indicators chained into a row which are finally a combined to a strategy almost Nadaraya-watson -- configured to deliver classic signal on cross-inside --> to Digitalsignal plot x8 L3 Processor -- configured to convert a classic to a multibit to channel 0(L),1(S) --> to Multibit plot L1 L2 RSI -- configured to deliver a multibit signal on channel 2(oversold),3(overb.) --> to Multibit plot all the data is now into the daisychain multibit link (so channel 0 1 2 3 used) x8 L3 Processor -- here a lot more of the magic begins: MDB: channel 0 to ch. 0 (filtering small moves (+-4%) MDB: channel 1 to ch. 1 (filtering small moves (+-4%) TON: channel 2 to ch. 4 prolonging 2 by 10 bars TON: channel 3 to ch. 5 prolonging 2 by 10 bars AND: channel 0 and 4 to channel 6 AND: channel 1 and 5 to channel 7 finaly its configured to send out a classic signal from channel 6 and 7 -> 6 is +1 7 is a -1 else 0 --> to Digitalsignal plot you can now do alarms on the x8 processor Digitalsignal (trigger above and below 0 for long short) FINISHED, OR: L5 Backtest MK5.5 grabbs the x8 processor (Digitalsignal) and does the risk management and does its magic with the settings in the indicator --> delivers alarms how the position gets managed with a alarmmessage {{strategy.order.alert_message}} in the alarmconfig, than you get the custom texts from the module Functions inside the x8 Processor (you can read the signaltranscoder library for more details) And and condition - 1 2 or 3 signals to on channel line 2 output channel Or condition - 1 2 or 3 signals to on channel line 2 output channel XOR, XAND, NAND, NOR (this are basic Logic combiners) TON - wants a signal over a minumum selectable length to let it pass TOF - prolongs a signal by length selected next 2 are little bit more tricky MDP (MinimumPercentagePromille) - only lets pass a signal if it minimum grows or shrinks xxxx promile Parameters: would be: 1=Input, 2= 950(5% shrink), 3= 1050(5% grow) 4=outputchannel 5= MDP RATE - wants a amount of signals in a defined length Parameters: 1= input, 2= candleamount, 3= minimum count 4= output 5= RATE that list are most functions a strategy uses, so you can combine more indicators in a row without the need to code around every time you wanna try something. There are now several multibit indicators out in the wild from me, each of my indicators which i touch again or update will be compatible. at least for Level 1 Indicators i do a 1,0 -1 Classic signal which a x8 can turn into a multibit very quicky. a implementation reference code you can see here: at the bottom of the script, both versions, classic and multibit have fun

[Mad] L1 Manual Entryline An idea I had to combine an automatic trading system with manual trading lines, same concept as the L1 entry boxes, but with more possibilities. Crossover/crossunder/line-under(trend) /line-over(trend). Individual counters per line (e.g. max. 1 alarm per line, or 5 ....) Combinable for logical links with x8 - x16 processor release inbound :-)

Psywaves Bot Position update Still long, but now everything realized with the ModularBacktestingSystem MK7