Let me show you a quick way to find resistance levels, which are also known as targets when you are looking to sell for profits when trading a coin. Above you have the Bitcoin chart with 1 candle per 24 hours; Daily time frame. Bitcoin price is likely to stop at the next resistance point. Note the word "likely", because there is always the chance of the price...
Inflation is a measure of a currencies devaluation over time. It is determined by the consumer price index (CPI) which itself is a record of the cost of a standardised basket of goods over time. CPI figures are recorded monthly by governments. Here I use the CPI of the USA. Economists call a price which has been adjusted for inflation the real price . To adjust...
Longing here & giving a quick lesson on how to use high & low volume nodes with the VPVR. Price will often move from HVN to HVN while blasting through LVNs where there is a low amount of orders/low liquidity. You can use this to find S&R levels and price targets.
We can easily see that Bitcoin is consolidating. The 3 red zones are all potential reversal zones for the next movement up. If one breaks, we move onto the next one. Anybody going for longs can long a percentage at each red zone. Another method is the inside bar trade .. looking at the daily chart we can see that if we break 6700 we can see further upwards...
Bitcoin just broke another resistance, the $6400 price level, and is moving up as expected. The Altcoins were crying for quite a while, bleeding and bleeding after the bears fed themselves on them for a long time, but now, they alts aren't crying anymore. The signals and indicators that I am looking at are telling me that Bitcoin will continue on this path. I...
we can see how the two markets are related simply by placing them on a single chart. then we can try to determine what would be the most likely cause(s) for the evident correlation. there is the common factor of the US dollar index both in terms of CHINA 50 given in terms of USD as well as in the base currency of BTC, the US Dollar. F. Normandeau
The title says it all, let's take a look at the details: "A bullish engulfing pattern occurs in the candlestick chart of a security/asset/coin when a large white/green candlestick fully engulfs the smaller black/red candlestick from the period before. This pattern usually occurs during a down trend and is thought to signal the beginning of a bullish trend "...
Hello Traders, After being busy with work and all, I am finally back with yet another lesson. There are many traders out there who still do not understand the significance of support and resistance levels. So today we are going to go over that in detail. Note that this lesson will be only covering the horizontal support and resistance levels. I will have another...
Let's keep it plain and simple... Falling Wedge Reversal Pattern "The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower". BITCOIN IS GOING TO THE MOON! What's your opinion? Please share on the comment section below... Thanks a lot for reading... Please like, share, comment and follow. Namaste.
Here is an example from a live action! You can see the green box we don't have a candle close inside this area at the moment! So, that means we have a very strong area what we dealing right now! Up and down, strong candles smash this with a full break below and full break above! This "full candle breaks" means that we need a very strong power from...
Emotions are the most important aspect of a traders success
Hi traders! I have been developing a sort of TA theory called the Remoras Theory. I'm liking that post to this one, in order to follow thru this hypothesis. Getting straight to it, my idea is that the crypto markets are full of whales and remoras; therefore, prices and sentiments around the markets respond directly to mother nature's laws. In that way, chart...
Hello! I start my EDUCATION Lessons with a "Bull Flag" chart pattern! A flag pattern is a trend continuation pattern, appropriately named after it’s visual similarity to a flag on a flagpole. A “flag” is composed of an explosive strong price move that forms the flagpole, followed by an orderly and diagonally symmetrical pullback, which forms the flag. When the...
The system is one, the results are different. Why? It is checked by practice - if several traders (approximately the same level) work on the same system, the results will be completely different. Why? Psychology with problems of a personal character comes to the fore. People have different psychotypes, different attitudes to risks, different measures of...
I compare BTCUSD (daily) with NASDAQ (weekly) Dotcom Bubble. I see same triple peak formation. With NASDAQ very strong down trend, with BTC so far level is supported. The yellow section of the first peak has been overlaid onto to BTC 1:1 - good fit.
In my last chart, I had emphasized that the Wyckoff's Spring is likely at the $6,000 level (aka The Walls of Westeros) provided that price bounces from $6,000 and not any higher. Why is that? Well, it is important to remember that the Wyckoff's Spring needs to be a lower low. Of course, this is all based on the assumption that Bitcoin is really trending according...
When it comes to TA, I always compare Bitmex chart to Bitfinex. You can see we made a double bearish SFP on the 4HR on Bitmex. But on Bitfinex, we didn't break previous swing high. Logically, I would give credit to a set up that happens on both charts. A trader is always looking for confluence to confirm his/her bias and comparing charts is something that could...