Lets take a break from stuffing our bags with money and look quick at an example of spotting the market bottom using what's called a market leader, a very simple technique that can be very effective for both shorter and longer term trades. In general the market right now is very alt focused, we can tell that by looking at how low bitcoin dominance is, and how the...
The idea of this video is to give a rough beginners guide on how to evaluate a coin/token/protocol. When you first look at it, what are you looking for? Is it worth ANY of your time looking at it? Is it a s**tcoin? Is it legit? In dusks case its a super nice looking ascending triangle pattern, cutest triangle I've seen this month ;) Right now its all about the...
In this video, I showcase how I conduct TA and then confirm my entry/exit points using the BlueWave alongside the Stochastic RSI. So I like to keep my trading very simple. I start with some basic technical analysis, then I would look at my indicators for confirmation. Please like the video and follow us for more!
ending diagonal ruls: 1. w13sub waves 2. w2<= 61.8 of w1 3. w3 < w1 & break end of w1 4. w4 <= 61.6 of w3 & overlap w1 5.w2 & w4 related 61.8 by price or time 6. w5 >= 50% of w4 & < w3 ........................ so i think wav 4 just start
Good morning guys, I am going to explain here how to evaluate timing for any asset (crypto, stock, index), it can be extrapolated to any of them. Based on Technical analysis, Relative Analysis and Market timing: Technical Analysis: If you 're looking to buy an asset you can have a look at the chart itself, which will provide you a very good idea of the...
Hello guys This is triple combination structures. We have three ABC waves and WXYXZ Wave. This is seen in consolidation markets. Follow me for more tutorials. Cheers :)
I started with a line on the top and made it look like it was sitting on top of the chart. Then made a line on the bottom that looked like it was lifting the chart. Then I found the magnet icon and copy/pasted it a couple times! Hope you like it :)
Some tips to identify a reversal, minimise risk when choosing where to open a position and identify targets to close the position with less risk and more profit.
Hello Traders. Welcome to Chapter 3.5, where we talk further about two more different types of triangles - the Barrier and Expanded triangle. In the previous chapter we talked about the running flat and contracting triangle, but for these two, they are essentially the same but different overall shape! Most importantly, these are very common patterns within the...
So this post is a little different - it's not an analysis or really a tutorial. I am looking to see what the community sees as the strangest, craziest, most colourful, most interesting or pointless indicator, strategy or tool? About 2 years ago I was shown a strategy/technique - I assumed it was complete rubbish, it talks about Lunar dates, cycles. Now although...
Use the BTC.D chart to see where capital is flowing in the Crypto market... Into Bitcoin? or out of Bitcoin and into Altcoins. We are at a key decision point for the market right now so you can be a step ahead of the market if you are watching this chart in particular.
This chart's support and resistance was inspired by Crypto Face's spider line drawing method, I took candles from the monthly time frame and toggled 'Log' and drew the lines all the way from the first BTC monthly candles. I took every Monthly candle and drew extended rays, first point coming from the top of the first candle low candle of each cycle, second point...
Hello guys We have 5 sub-wave correction which form 3-3-3-3-3. If we expand our view we see that in each symmetrical triangle we have ABCDE. Follow me for more tutorials. Cheers :)
Hello guys We have two corrective waves which are A and B. And we have one motive wave which is C. In most cases wave B and C are breaking through the lines and this is common. Follow me for more TS. Cheers :)
Hello guys In this tutorial I'm going to teach you what flat correction is. Flat correction is a three sub-waves pattern that form 3-3-5. Wave A and B are corrective wave but wave C is a motive wave. It's called flat correction because it is sideways. Follow me for more tutorials. Cheers :)
Another Ultra Long Term chart ( I hate doing short term trades !) Here is a VERY IMPORTANT quote from Jason Shapiro from the book “Unknown Market Wizards” by Jack Schwager: " Everyone understands that the market is a discounting mechanism. What people don't understand is that the discounting mechanism is not the price, it is participation. Its not that the price...
Hello guys :) In this Elliott we have something called truncation or failure. It's because wave 3 is too large and wave 5 cannot reach wave 3. Follow me for more tutorials. Cheers :)