BasicsA pattern is just a pattern.
The leading indicator is Price movement - Candlestick (Movement, Momentum, Time Spent at SR, #The10Commendments)
THen, you will find that power patterns are enhancing the price even more.
In price movement, you can find behavior patterns of the price. Whether it is Wide Range or Narrow Range. A FTR, or Flag flip, or trend breakout.
So you need to identify the price action first.
With psychology - Identify the retail traders behaviors, sociology, fears and enthusiasm.
Trade with the big ballers. Institutions
Basic
My First Bitcoin Basic Technical AnalysisThe 4 Basics:
1. Swing: in white line.
2. Trend: in yellow line.
3. Support & Resistance: Blue and Red lines.
4. Supply & Demand: in rectangles.
Summary:
The current trend is bearish after failing to break above $60000 and failing to maintain above $46000. A good buy opportunity between $28000 - $30000 especially if there is a rebound. However, a high probability of another market crash if the price drops below $28000 up to $16000 as the next support line.
LONG BAT breakout: Wait for ConfirmationBe this a true diamond pattern, or a simple breakout from accumulation, you'd better keep your eyes peeled on BAT for the next 0-96 hours.
Judging by the month+ accumulation BAT has had, and other various long-term patterns showing strength on the BATBTC and BATUSD charts, you definitely do not want to sleep on BAT.
Trend is your friend regardless. It's going to be hard to lose money this bullrun. Be patient, lay your traps, wait for the charts to explode. Bull markets are easy game. ETH is the rising tide that lifts all altcoin ships. BAT happens to be one of the safer altcoins considering its market cap, its seductive low price for new investors, and its business emphasis on accumulating millions of daily and monthly users on the Brave platform.
Could be one of the most explosive alts this year, and this may be the first burst it needs to get it truly started.
Time frame: 2 hours - 1 year from now, LONG can give you profits in the short term, medium term, and ultra-long term. For ultra long-term bets, use platforms like COMP and AAVE. Tired of gas fees? Try MATIC's platform perhaps. Otherwise? Wait for Ethereum's Optimism update in the London hardfork this summer, 2021.
Stay safe out there, manage your risk. I advise people financially, but I am not YOUR financial advisor.
It's basic. Gets your attention. It's a token... MoonBAT recently got listed on Coinbase Pro & Bitstamp. Before that was added on Grayscale so institution now have full access. It is one of the coins newbies can relate to due to the browser. Definitely one of the hottest ones right now and is coming out of massive capitulation vs BTC and vs USD it has been going up nice and steady after being in accumulation forever.
In my opinion everything has lined up perfectly for BAT as it is coming out of that accumulation both vs BTC and vs USD and has re-claimed some key support levels. Currently older coins are pumping and BAT is one of them. It could easily double from here over the next few days
EUR/GBP - BBMA Buy Setup, Potential Reentry MHV | 19.01.2021Technical analysis based on Basic BBMA strategies ( Bollinger Band and Moving Average) . This is just a prediction where the market go. TAYOR.
Potential BUY
Entry point: Reentry MHV 0.88780
Cutloss : When CS able to close and break Low BB.
Deduction: Now just wait for price to retest Reentry MHV as your entry point.
USD/JPY - BBMA Sell Setup, Potential Reentry MHV | 19.01.2021Technical analysis based on Basic BBMA strategies ( Bollinger Band and Moving Average) . This is just a prediction and where the market go. TAYOR.
Potential SELL
Entry point: Reentry MHV 104.275
Cutloss : When there a CS Momentum buy close at Top BB
TP 1: Low BB H4
TP 2: Low BB Daily
GBP/CHF - BBMA Potential Sell at Reentry MHV H4Technical analysis based on Basic BBMA strategies ( Bollinger Band and Moving Average) . This is just a prediction where the market go. TAYOR.
Potential Sell
Entry point: Reentry MHV 1.21598
Cutloss : When CS able to close and break Top BB as Momentum Buy.
Indikasi Asas untuk Newbie!Salam semua, pada malam ini aku nak kongsikan indikasi2 asas yang korang kena tau sebagai newbie dalam saham ni. Otai2 pun secara amnya akan guna indikasi yang sama. Cara baca, guna dan pemahaman sahaja yang berbeza. So pada korang yang rajin2 nak study tu korang carilah cara baca indikasi2 dibawah ini iaitu:
1. Moving Average (Simple & Exponential)
2. Stochastic Oscillator.
3. Moving Average Convergence Divergence (MACD)
4. Bollinger Bands.
5. Relative Strength Index (RSI)
6. Fibonacci Retracement.
7. Ichimoku Cloud.
8. Standard Deviation.
9. Directional Movement Index (DMI+ADX)
Dekat google / youtube banyak sgt info2 indikasi yang korang boleh cari. Namun aku nasihat disamping mencari info2 untuk indikasi2 ini korang kena faham basic apa itu LONG TRADE dengan SHORT TRADE supaya korang tak konfius dengan penerangan omputeh2 tu. Aku bagitau sket yang LONG TRADE ini secara basic nye kita trade pakai cash sendiri dan kita trade menggunakan konsep "beli murah jual mahal" perbezaan transaksi itu adalah untung kita. Berbeza dengan SHORT TRADE yang mana kita trade pakai duit bank atau broker yang mana konsepnya ialah "jual dulu masa mahal,beli balik masa murah". Katakan kita jual saham syarikat A sebanyak 100 lot pada harga RM1..kita kena tunggu saham tu turun atau lebih murah untuk kite gantikan 100 lot yang sama pada harga yang lebih murah daripada RM1. Kita dapat gantikan 100 lot unit bank/broker yang kita "loan" tu dengan harga RM0.50 (contoh) Perbezaan ini bank/broker bayar kepada kita setelah tolak interest dan kos2 lain. So kena faham ye LONG/SHORT TRADE tu apa sebenarnya. JANGAN KELIRU!
#takkayatakpejanjihensem
ETX Easy Trading X-Strategy Basic Analyse Bitcoin Long Position Warum Bitcoin in jedes Portfolio sollte.
1: Bitcoin ist ein unkorreliertes Asset
2: Diversifizierung, BTC optimiert Rendite-Risiko-Verhältnis
3: Bitcoin hat ein hervorragendes Stock-to-Flow Verhältnis
4: Bitcoin Adoption schreitet rasch voran
5. Bitcoin hat ein sehr gutes Sharpe Ratio im Vergleich zu anderen Vermögenswerten.
6. Die Wall Street investiert bereits hohe Millionen Beträge in Bitcoin
7. Bitcoin ist ein deflationäres Geldsystem
8. Bitcoin hat alle Eigenschaften von Geld und eignet sich besonders gut zur langfristigen Wertaufbewahrung
9. Bitcoin skaliert Sicherheit!
10. Vermögenswerte sind besonders Interessant bevor die breite Masse investiert hat.
XJO end of 13/06/2020. Opening green next weekFinally, a pullback we've been waiting for.
XJO was running way too fast and pullbacks are healthy in the long term. The pullback came right at the 0.618 FIB level.
Tested the 200MA and will be interesting to see if we hold the 200MA next week.
RSI is still relatively overbought but as the pullback was so sharp, I expect a green day on 16/06/2020 Monday.
Apart from the technicals, other reasons for the pullback include
1. Fears of 2nd wave
2. End of financial year profit-taking
3. Federal reserve grim outlook
4. Riots
Next week will be a decisive week in determining which direction the market is headed. The overall sentiment is optimistic but the market does not care.
Next bullish target is 6380 level.
All the best if you went Long on Friday on short-medium term positions.
BTC - $6000 INBOUNDBitcoin - After 72 days in an Uptrend and crushing 180% is this time for a Major reversal?
- 180% Rise with no Major Retrace
- Daily Uptrend Broken
- Failed to Break Major EQ at 9250-9300
- Failed to break Center BB
- MACD continuing to spread
- Selling Volume returning to the market
- RSI Neutral and has room to move
- Short entered with stop loss above previous structure.
- Targets set at Fib Levels which also correspond with EQ's.
- This will now see us re enter the Descending Broadening Wedge which started in JULY 2019
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
UFI - Textiles and Leather GoodsHEEEEYYYYYYYYYYYYYYYYYYYY
This is going to be a tutorial on something as much as it is just me writing notes on something i would like to play.
-- What does the phrase "something I would like to play" mean?
---- It means, i saw that throughout the weekend, this particular companies stock went up in price. It's cheap, and it has enough people involved in the movement of the price that it will make a good jump in a certain amount of time. Whether that jump is going to be UP or DOWN is going to be analyzed by a couple of techniques that I've learned. Since I'm a super noob and all my experience is youtubery and apps and whatever, I am making this specifically for me to teach you(mah daw Ki) and to teach myself what I know. Lol. In this method, we can keep a record and track it later, plus open up to others experience.
Let's get to it.
This is the basic chart of the entire lifetime of the stock. Red is down, Green is up.
"Price Action with Volume" theory on, Bitcoin!I am not going to write here in Pages. Let's move the strength topic.
This is " Price Action with Volume theory ".
Relation of Congestion vs. Volume examination:
Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs.
All the Congestion has low volume and after the breakout , we are seeing a single directional move.
If we are at CONGESTION phase, we will see a surge in price after the breakout . In the current case, we have more volume compared to all other Congestion phases.
If you LIKE this idea, You will get Real-Time with lower timeframe NOTIFICATION trable update.
BTC Short 18/4/20 - Levels of interestThese are my points of interest that I am looking at based on the lower time frames looking at the 15 minute chart.
I have a short bias as of the head and shoulders forming on higher time frames and due to my opinion that no new money is going to flow into BTC to push the price up due to COVID-19 and how much free money is available.
I have entered into a short position at 7100 and have my initial SL set at 7250 and a take profit for 50% at 6920 and will aim to ride the rest of the short to 6200 with a SL @ 7042 which is the convergence point of the pennant.
Note:
Max loss will be 10% of trading account if it hits 7250. With an overall crypto portfolio loss of 2%.
Follow me if you want to follow my journey of being a nobody trader to being as knowledgable as I can be.
Maintain or Gain!