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BTC QUICK ANALYSIS OF PRICE ACTIONBITSTAMP:BTCUSD btc is currently down trend. after breaking out of rising wedge we had seen massive decline in price. no btc seems to be forming a falling wedge which is bullish for short terms. what i think the price will do is to retest 20600 and gets rejected so we can retest the lower of june-july. right now we can also observe bullish divergence in rsi which is yet to be confirmed. make sure you should put massive orders when btc hit 19200 and place your SL below 18600
BITFINEX:BTCUSD
by CryptoSlazy
audusd multi timeframe analysis and forecasthi communnity, i spend few days analysing this pair, and here is my proof of work, it is only price action: - i use price cycle with elliot wave theory - i used to concept of ranges( orderflow; internal/external liquidity; break of structure etc;...) - to enter a trade i use concept some simple but clear rules the most important thing for me, is to analyse price with elliot wave theory, it radically change my rate of success when i start to use it, and you can see it on my ideas > for audusd, my forecast are labelled in white, i see this pair making a pullback in the area of 0 ,62000 before a strong uptrend
by ninodelsol
Key levels 2.0 Key levels are psychological price levels on the chart where many traders base their technical analyses on. These traders are likely to place their bullish or bearish entries, and exit points around these levels. And as a result, key levels tend to be crowded with a high trading volume. Key levels also attract so much trading volume because that is where institutional traders make their trades as well. And thanks to their big-money moves, key levels are often resilient and lasting. How to Identify Key Levels There are three main types of key levels, and you are most likely familiar with them all even if you’re a novice forex trader. So identifying them should be quite easy. The Horizontal Key Level The horizontal key level is made up of support and resistance levels. But we aren’t talking about just any support and resistance level. We’re referring to those with lasting historical significance. You’ll find these horizontal key levels on the higher timeframes, such as the weekly and monthly timeframes. The horizontal key levels remain active for months and years, and the price mostly never gets across them without strong opposition. In the chart above, notice how the level keeps getting a lot of reactions from the price before it finally breaks. The Slanting Key Level The slanting key level forms on trends. It appears as a trendline on the chart. And just like their horizontal counterparts, slanting key levels mostly form on the weekly and monthly charts. The Rounded Key Level Rounded levels on the charts also form key levels. Our article on rounded levels tells you everything you need to know about rounded levels. But for the sake of this article, rounded levels are those price levels that are easily divisible by 100. They often end with two or more zeroes. Traders often place their trades around the rounded key levels because it is psychologically easier and simpler to trade at 120.00 as opposed to 119.97 The same way you would say you bought an item for $100 when you actually bought it for $99.99. Tips on Trading Key Levels Here are some tips have at the back of your mind when trading the key levels: Pick your key levels from higher time frames. The key levels on the higher timeframes tend to be stronger than those on the lower timeframes. The reason is that this is where the market movers, big banks, and other institutional traders make their trades. Any level below the 4-hour chart could easily falter and is prone to false breakouts. But to be on the safe side, use the key levels on the timeframes higher than the daily chart. Set your stop losses wisely. Where you place your stop losses could make or break your forex account. There are many schools of thought when it comes to setting stop losses, and each one is perfect for varying trade scenarios. But one objective method of setting stop losses that works for most trading scenarios is using the Stop Loss Cluster indicator. The Stop Loss Cluster indicator tells you where most traders have placed their stop losses. And these are the levels the price is most likely to hit during a false breakout. Conclusion You too can base your trades on these key levels. But make sure you follow the strategies and tips we have discussed to help you make the best of the key levels
U
by FTraderx25
tools of price action There are lots of ways to trade the market but the only indicator that will help you in all types of market is Price action first tool is horizontal lines go to different timeframes based on your trading time if you do intraday trading go to 1hour and 15 minute for swing trading go higher time frame and draw a horizontal line on important levels where market took support or resistance how it works is you buy at support and sell at resistance because it has a higher chances of reversal than breakout second tool is trend line make sure that your trendline touch no less than three point and that is a valid trendline with the help of trend line you can trade high and low of the stock you're trading although price action and chart pattern technical analysis will help you find a trade and give you entry points none the less it is not gonna help you with the psychological issues you have and you will become a profitable trade unless you get your psychology of successful profitable trader poor grammar
NSE:SBIN
by mehandijafriboyandyoukick