Here's an example of a pitchfork drawn on the 2 weekly BNC:BLX chart, measured from the March 2020 low to the Nov 2021 high and completed at the Nov 2022 low, and then extended in direction and levels (up to 9 levels can be added). The chart above makes for a solid example of how pitchforks can be used to derive a trend or channel and find solid support and...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The CCI indicator, which is included in the 'Strength' indicator, now displays only the oversold or overbought zones. Accordingly, it seems that there will be difficulties in understanding the...
I'll be watching just these line to understand that market structure is broken and new bull is here (+examples) 1. Orange - break and retest for bull 2. White - for bear break and retest 2 times, 3rd one just break down 3. Blue - waiting for break and retest of 1st and 2nd lines for bull
Candlestick patterns need to be one of your trading arsenal's most effective weapons. We can determine the direction of the market using several candlestick patterns. All timeframes exhibit these patterns, but the daily candlestick patterns seem to be the most reliable. Once you recognize these patterns, you may be ready for your next move and use other tools...
This right here is my favorite type of entry where you can basically see a nice bottom and re-test from the pullback before so in my eyes coming back down to this price too fill in the gaps is a MUST PAY ATTENTION type of trade... too me this is a continuation of price action. NOW! don't just get to your desired price and throw a market order in just because it's...
Good day, traders. I'd like to use this opportunity to advise both new and experienced traders alike that holding (hodling) your position is not recommended beyond a certain point. According to percentage calculations, the return required to recover to break-even increases at a considerably faster pace when losses grow in size (due to compound interest). It goes...
Hello traders, today we will talk about WHY TRADERS LOSE MONEY BIAS WHAT IT MEANS… HOW IT INFLUENCES TRADERS Availability People estimate the likelihood of an event based on how easily it can be recalled. Traders put too much emphasis on their most recent trades and let recent results interfere with their trading decisions. After a loss, traders often get...
Today, I want to provide with you an essay that will clarify just how far you should push your trading perfectionism. There is no ideal trading technique, to put it succinctly and painfully. Losses will be a part of life. Yes, there are High Frequency Trading (HFT) outfits that have been producing successful days after successful days for the past five years, but...
I see this more and more, especially in the crypto space. There are some wild stories out there from turning $8k to a billion through to a Pizza for 10,000 Bitcoin. Here are some home truths. Although most of you won't want to hear this. You see, as a professional trader - there is 1 key factor, almost a scale balancing between too much and just enough....
Hello traders, today we will talk about how to manage your life and trading Hey! When we all started, we encountered some trading challenges. These issues typically arise in the first year of trading. By year's end, the majority of traders had lost all of their money and had given up forever. In essence, this was brought on by excessive trading and a lack of...
This technique maximizes the estimation of a risk-on asset of interest, by monitoring capital movements from other markets. I've linked a post in which I explain this theory in more detail. Thank you! San
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed...
USDT (Tether) vs USDC (Circle) reserves☝️ USDT seems to be more diversified then USDC, as they’ve split their reserves into 7 different asset classes. Compared to USDC who are only diversified into 3. USDT has a healthy 4% of their reserves in Gold, which is up 8% year to date SO FAR. They’re more likely to survive a liquidation process, compared to USDT when...
Trading has this stigma attached to it, everyone thinks they can come and make their millions. The reality is, 90% of new traders lose 90% of their funds in 90 days. I've talked for years about the negative side of trading (trust me, I've done this over 20 years) Trading is often perceived as a wonderful, fabulous lifestyle. Cars, yachts, jets and women!...
Are you an investor looking to make the best of your money? If so, you may be wondering if gold or cryptocurrency is the right investment for you. In this article, we will take a look at both gold and cryptocurrency and compare their pros and cons for investing. We will begin by defining and characterizing each asset, followed by examining the reasons to invest in...
Setting up and checking the performance report of one of the most realistic strategy signals on TradingView. COINBASE:BTCUSD
Law #1 All markets are inherently Fractal. Markets have many patterns. Fractals are similar in different instruments, different timeframes, and even in different time periods. Whether you look at a monthly chart or a 1-minute chart, the same principles and patterns work everywhere. If you remove the ticker or symbol of an asset and the time frame from the chart,...
Introduction : Are you looking to skyrocket your trading profits? Look no further! Today, we will uncover the hidden gem of trading patterns: the Wedge Pattern. This powerful tool has the potential to transform your trading strategy and help you achieve financial success. Let's dive into the world of wedge patterns and explore how you can capitalize on their...