Trading is like YOGA..!!
Trading is like YOGA 🧘♂️
Trading and yoga may seem like two completely different things, but there are some similarities between the two. Here are a few ways in which trading is like yoga:
1- Both require Focus and Concentration:
Just as yoga requires you to focus your mind and be present in the moment, trading requires you to pay attention to market movements, news and technical analysis. Both practices require mental discipline and focus.
2- Both require Patience and Persistence:
Yoga requires patience to hold challenging poses and improve over time, and trading requires patience to wait for the right opportunities to make a trade. In both cases, persistence is key to achieving success.
3- Both require a Balance of Risk and Reward:
In yoga, you must balance the risk of pushing yourself too far with the reward of making progress, while in trading, you must balance the risk of losing money with the potential reward of making a profit. Both require careful consideration of risk and reward.
4- Both can bring a sense of calm and Balance:
Yoga is known for its ability to reduce stress and bring a sense of calm, while trading can also bring a sense of peace and balance when approached with the right mindset.
Overall, both yoga and trading require discipline, focus, patience, and balance. Practicing both can help you develop mental and emotional strength, as well as the ability to stay calm and focused under pressure.
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Faibik
Chart Patterns | Triangles & ChannelsChart Patterns | Triangles & Channels
1- Ascending Triangle :-
An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows.
2- Descending Triangle :-
In descending triangle chart pattern, there is a string of lower highs that forms the upper line. The lower line is a support level in which the price cannot seem to break.
3- Symmetrical Triangle :-
A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle.
4- Parallel Channel :-
A Parallel Channel is a chart pattern formed when the price is bounded by parallel support and resistance levels.
5- Ascending Channel :-
An ascending channel is a chart pattern formed from two upward trend lines drawn above and below a price representing resistance and support levels.
6- Descending Channel :-
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels.
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EURUSD | Falling Wedge & Trend Line...!!EURUSD (Update)
In 4h Chart, EURO Has been forming Falling Wedge Pattern.
At the Moment, It's Heading towards the Major Trendline. (Still in Uptrend)
Now There Are Two Possible Scenarios...!!
1- If Trendline Broken Down, It Might test the 1.102** (Fib 38.2%) Area.
2- If Bulls Hold the Trendline, & Bounced Back, Expecting Wedge Breakout.
In Case of Wedge Breakout, EURO Might test the 1.138** Area (Major Resistance)
So Be Ready for Both Bearish & Bullish Scenarios..!!
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Bitcoin | Ascending Triangle & EMA50..!!BTCUSD (Update)
In Daily Chart, Bitcoin forming Ascending Triangle Pattern.
Daily EMA50 acting As Strong Support (Tested 3 Times in last 34 Days)
In Bullish Case, If Resistance (10.4k) got Cleared, Next Stop Would be 11666.
If Ascending Triangle & EMA50 (9.1K) Broken Down, then Bitcoin Might Test the Major Support (8.2k)
By the Way, Volume has been Decreasing Since 10 May (Halving Hype), Big Move Ahead So Be Ready for Both Bullish & Bearish Scenarios.
What We Do Now ??
If You're Holding Bitcoin, Set Stop Loss Below Daily EMA50 (9105) & Wait for Triangle Breakout..!!
In Longterm, Bitcoin Might Retest the 6666 Area Before Triangle Breakout,
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Bitcoin | Ascending Channel & EMA50..!!#BTC (Update)
Bitcoin Has been Moving Between 8.4k-10k Range from last 36 Days. (forming Ascending Channel)
At the Moment, holding the Channel Middle line (9.6k Support) & EMA50 (9464)
Now, there Are two Possible Scenarios..!!
- In Bearish Case, If Bulls lost the Support, It Might Retest the 8.8k Area Support.
- In Bullish Case, It Might test the Major Resistance (10k Area) Again, In Case of Rejection, There is a Possibility of Triple Top Formation 📉
Bitcoin CME Future Closed at 9800..!!
Expanding Triangle Formation..!!
According to Expanding Triangle, Big Move Ahead (Higher High or Lower Low)
In Weekly Chart. Bitcoin Facing Longterm Downtrend line...!!
In Weekly Candle Closed Below 9.6k or Trendline, Expecting Bearish Wave for Midterm.
In Case of Trendline Breakout, There is a Possibility of Bitcoin Bull Run in Coming Days..!!|
Waiting for Weekly Close 😎
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BITCOIN | Almost Ready for Big Move..!!BTC/USD (Update)
In 8h Chart, Bitcoin Has been Still Moving inside the Triangle & trying to Clear the Crucial Resistance Area ((6840-6960) .
So far Bears Looking Strong, Might Retest the Trendline. (6.5k)
Next Week, Bitcoin Will Decide the Direction (Make or Break it)
(Waiting for Weekly Close for More Clear Direction)
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