Using Bitcoin as a example, in this idea i am going to briefly explain the concept of Market Phases in a easy to understand way. Market Cycles & Phases Cycles are prevalent in all aspects of life; they range from the very short-term, like the life cycle of a insect, some which can live a few days, to the life cycle of a planet, which takes billions of...
In this video, we go into great detail describing the theory of the pi indicator, Fibonacci multipliers, and how these 2 alone could show how tops were predicted in the past and potentially the upcoming top. This is the stuff people would kill to know ahead of schedule. I would urge you to play with the math behind this. As above, so below and there is nothing...
Golden Ratio shows us that those targets are possible. If Bitcoin grows not too fast that gives opportunity for the target lines to go up. Therefore I welcome the price corrections on the way. Price corrections allow for an higher all time high.
Bull Flags are one of the most well known & easily recognized chart patterns. The most important factor in identifying any flag pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern. After the straight run upward price starts to Zig Zag between two converging trendlines forming...
In this guide I will walk you through the three main different kind of divergences and explain to you how you can spot them. I also show you the extreme power RSI divergences have by looking at BTC/USD and mark them on the chart. It's quite special to see all these three kinds immediately after another, and it's really nice to see them all working out here as...
Hello, dear subscribers! Today we are going to consider a very important tool of trend trading - the pitchfork. What is the Pitchfork? The pitchfork is the variant of the trend channel. The difference is that pitchfork has an inner additional channel inside the big main trend channel. The median or the centraline divides these channels in to two parts. It is...
I've been curious as to what players would be involved to have the Crypto world have a one trillion dollar market cap. Looking at the top 20 coins, it looks as though we sit around $600 Billion, so less than a doubling of the current market. I truly believe the "FOMO" hasn't even arrived in the market and once they catch on that we'll see the trillion dollar...
Hello Traders. Welcome to Chapter 3, where we talk about corrective waves. In chapter 3.1, we will be discussing Zig-Zag waves. The zig zag wave is one of the common of patterns in corrective Elliot Waves. Many of us see this on a daily basis, but did you know that there was a meaning behind all of the fluctuations in the price action? Chapter 3 Glossary: 3.1...
Hello, dear subscribers! Today we are going to examine very simple and intersting instrument which is applicable for the global price movement analysis. The logarithm growth curve is based on Fibonacchi retracement levels. As it is known the Fib retracement based on swing high and low levels. But in case of growth curve we use the logarithm scale to take in...
Hello, dear subscribers! Today we will continue to consider the chart pattern. The risisng wedge is the topic of this article. We can see the rising narrowing wedge formation when the scatter of highs and lows is decreasing during the time and price make higher highs and higher lows. There are clear support and resistance lines which have different angles of...
Those traders who argue that you should practice with virtual money until you see that you win, ignore the most important aspect, and I repeat, most important of trading, which is the mental. There is no use for you to earn fake money if then you get so nervous when you risk your money that you end up losing it. There is a click, a change at the subconscious...
I've recently come across a lot of posts where the fibonacci retracement tool was erroneously used, and this gave me a good idea for an educational post. Introduction: The Fibonacci Sequence - Before talking about fibonacci retracements, it's important to understand what fibonacci sequences are. - Fibonacci sequences are numbers that are equal to the sum of the...
My philosophy is based on simplification. I believe that reducing a problem to its fundamental parts helps us to better interact with them, and by being fundamental, our results are maximized. It's like fixing a room. It is no use spreading our attention to details such as the type of lamps while neglecting the underlying problem, which can be a large coat of...
Hi Tradingviewers, in this article I am going to break down this question into smaller items and try to give a concrete answer to the question: “How Much BTC Do You Need to Create Generational Wealth?” First, we’ll have to define what ‘wealth’ means. Then we need to define how we look at the ‘generational’ part. Lastly, we also need to take into consideration...
Hello, dear subscribers! Today we are going to consider the most reliable chart pattern - Head and Shoulders (HS). We ask you to support us with likes, it's not difficult for you and it will help us a lot. Thank you! The Head and Sholders chart pattern is the most popular pattern and if you use it in correct way it can give you a relevant confirmation for your...
Hello, dear subscribers! The topic of this article is Money Flow Index Strategy (MFI). Definition This is the oscillator type indicator, which looks like RSI, but takes in account the volume. Thus it demonsrates not only the price momentum, but also the money volume. It is calculated as a ratio of the positive or negtative money volume divided by the total...
Today we consider very powerful technical analysis tool - the Divergence. Definition The divergence is a situation when the price change is not supported by the oscillator. There are four types of divergences: 1)Regular bullish - the price shows lower highs, while the oscillator shows higher lows 2)Hidden bullish - the price shows higher lows, while the...
Hello, dear subscribers! Today we are going to talk about the popular 3EMA scalping strategy which is usually used on the 1-min timeframe, but we can demonstrate it only on the 15-min chart because of restrictions. Step 1 First of all we should define that the market is in short, medium and long term uptrend. The 200EMA shows the long, 100EMA - medium and 50EMA...