Bullrunincoming
CANDLESTICK PATTERNS CHART SHEETCandlestick 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 to join the market, including the previously discussed MA approach and flag patterns (see attached charts). This chart is just for information
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SIMPLEST VIEW OF BTC #BTC UPDATE
On the daily timeframe chart, #BTC is still advancing inside the wedge pattern and is currently situated above a major trendline.
A potential bullish rally of about +20–25% might be anticipated if Bitcoin maintains its position above the trendline and successfully breaks out from the wedge to the upside.
However, a bearish rally towards 21.5k may materialize if Bitcoin loses the support of the major trendline.
Significant volatility is anticipated next week because of the US CPI and FOMC schedules.
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EMOTIONAL STATES OF A TRADERHello traders, today we will talk about EMOTIONAL STATES OF A TRADER
#1 Optimism – Everything starts with a positive outlook or a hunch that will lead traders into buying a stock.
#2 Excitement – Things start to move the way we want them to you feel giddy because of it. This is where we start hoping and anticipating that we are possibly making a success story in the stock trading world.
#3 Thrill – The market is continually going in the direction favorable to you. At this point, you are starting to feel that you are too smart. This is the stage where we are fully confident with the trading system that we have.
#4 Euphoria – This is the point where both the maximum financial risk and maximum financial gain are marked. As the investments you made start to turn to easy and quick profits, we simply ignore the risk’s basic concept. At this stage, we start trading at every opportunity we see with the aim of making bucks.
#5 Anxiety – The market starts to turn around. The market is starting to get back your hard-earned gains. However, this is new to us, we still believe with the trend we have seen before and still trade.
#6 Denial – We still think that the market simply does not turn as quickly as we hoped. There must be something wrong is what we keep on believing.
#7 Fear – Reality finally sets in and you now realize that you are not that smart after all. From being confident, you are now confused. We know that we should start getting out with a small profit but we just cannot bring ourselves to move on.
#8 Desperation – At this point, all of your gains are lost. Without knowing what to do, we attempt to do things that will leverage our position again.
#9 Panic – This is the most emotional stage as this is where we are hopeless and clueless. We feel like we lost control and now are left at the mercy of the market.
#10 Capitulation – This is where we reach our braking point and start selling our position for whatever price so as we can get out and lose no more.
#11 Despondency – After our exit, we now view the market as something not for us and we develop a phobia of buying stocks.
#12 Depression – We drink, pray or cry. We think we are so dumb and we start to analyzing where we went wrong. This is where true traders are born.
#13 Hope – We realize that the market has a cycle, which then renews our hope and we believe that we can still do it.
#14 Relief – The market turns positive once again. We are seeing the coming back of our prior investment and we now have our faith in it back.
The cycle will then start all over again and it is up to you how to play it this time.
This chart is just for information
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BIASES THAT EXPLAIN WHY TRADERS LOSE MONEYHello 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 scared or try to get back to break even. Both mental states lead to bad trading quickly.
After a win, many traders get over-confident and trade loosely.
You must be aware of how you react to recent results and trade with a high level of awareness.
Dilution effect Irrelevant data weakens other more relevant data. Using too many tools and trading concepts to analyze price could weaken the importance of the core decision drivers.
I wrote about redundant signals and how to combine the right tools here: click here
Gambler’s fallacy People believe that probabilities have to even each other out in the short term. Traders misinterpret randomness and believe that after three losing trades, a winning trade is more likely. The probabilities don’t change based on past results.
Even after 10 losses in a row, the next trade does not have a higher chance of being a winner.
Anchoring Overestimating the importance of the first available piece of information. Upon entering a trade, people set their whole chart and analysis in reference to their entry price and don’t see the whole picture objectively anymore.
You must always have a plan BEFORE you enter a trade.
Insensitivity to sample size Underestimating the variance for large and small sample sizes. Traders too often make assumptions about the accuracy of their system based on just a few trades, or even change parameters after only a few losers.
A decent sample size is 30 – 50 trades. Do not alter anything about your approach before you have reached this number. And make sure that you follow the same rules to get an accurate picture of your trading within the sample size.
Contagion heuristic Avoiding contact with objects people see as “contaminated” by previous contact. Traders avoid markets/instruments after having a large loss in that instrument, even when the loss was the fault of the trader.
Hindsight We see things that have already occurred as more probable than they were before they took place. Looking back on your trades and fishing for explanations why the trade has failed, even though those signals weren’t obvious at the time.
Do not change your indicator or setting after a loss to come up with explanations or excuses. Accept that losses are normal and always follow your plan.
Hot-hand fallacy After a successful outcome on a random event, another success is more likely. Traders believe that once they are in a winning streak, things become easier and they can “feel” what the market is going to do next.
I wrote about the hot-dand-fallacy in trading before: click here
Peak–end rule People judge an event based on how they felt at the peak of the event. Traders look at a losing trade and only see how much they were in profit at the maximum, but don’t look at what went wrong afterwards.
Do not change your reference point when in a trade and have a plan for your trade management and when to exit before entering a trade.
Simulation heuristic People feel more regret if they miss an event only by a little. Price that missed your target only by a little bit, or a trade where you got stopped out just by a few points can be more painful than other trades.
The outcome is out of your control and you cannot influence the price movements. The only thing you can do is manage your trade within your rules.
Social proof If unsure what to do, people look for what other people did. Traders too often ask for advice from other traders when they are not sure what to do – even when other traders have a completely different trading strategy.
You must take responsibility for your actions and results. And not rely on someone else.
Framing People make decisions based on how it is presented; a gain is more valuable than a loss and a sure gain is more valuable than a probabilistic greater gain. Traders close profitable trades too early because they value current profits more than a potentially larger profit in the future.
Cutting winners too soon is a huge problem. If this is an issue for you, reducing screen time can be helpful. Do not watch your trades tick by tick.
Sunk cost We will invest in something just because we have already invested in it. before Adding to losing trades because you are already invested, even though no objective reason to add exists.
You must define your stop loss in advance and then execute it without hesitation when it has been reached.
Confirmation Only looking for information that confirms your beliefs, ideas and actions. Blanking out reasons and signals that don’t support your trade and just looking for confirmation.
Especially when traders are in a loss, they only look for supportive information. Stay objective!
Overconfidence People have a higher confidence than what their level of skill actually suggests. Traders misjudge their level of expertise and skill. Consistently losing traders don’t see that it’s their fault.
Analyze your results objectively and get a trading journal to add even more accountability.
Selective perception Forgetting those things that caused discomfort. Traders forget easily that their own mistakes and wrong trading decisions caused the majority of their losses.
Do not blame the marjets, unfair circumnstances, your broker or any other outside event. You are the one who is responsible for making it work. It’s totally up to you and blaming others won’t help you make progress.
Which bias is the one that is causing you the greatest troubles? What are you workin on right now? Let me know in the comments below and I will answer with tips and ideas on how to overcome your struggles.
This chart is just for information
Never stop learning
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#BNB IS READY TO BOUNCE, DON'T MISS THIS OPPORTUNITY😱Binance Coin (BNB) Technical Analysis:
BNB is trading at 278$ which is a strong level of support, we are expecting a good bounce up to the upper level of this symmetrical triangle
and if it breakout this pattern then we can see some good bounce according to the pattern.
we have 353$ and upper resistance of this rising channel 510$ or all-time high
It can offer long-term investors an excellent entry point.
Conclusion:
Overall, technical analysis indicates that Binance Coin (BNB) could expand by 50% or more in the near future, indicating that there is tremendous potential for development in the asset. But like with any investment, you must conduct your own research and base your choices on your personal risk appetite and financial objectives.
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TRADING IS HARDER THAN YOU THINK: THE COMPLEXITY OF TRADINGHello traders, today we will talk about THE COMPLEXITY OF TRADING
THE FIRST DECISIONS ABOUT YOUR TRADING STRATEGY
People who are unfamiliar with the financial sector may find it daunting to have to respond to several questions before they can even make their first trade. However, because each element and idea is interconnected with the others, leaving out even one will cause your otherwise flawlessly constructed trading strategy to fall apart.
Each and every one of the financial markets is significantly dissimilar from the others and requires a completely unique skill set and perspective. Do you prefer trading less leveraged equities that require a larger account to the 24/5 forex market where leverage allows traders to potentially make large gains with as little as a few hundred dollars? Are you more interested in trading on the simple spot market or the more complicated.
If you have to balance trading with your everyday life, time and time horizon are the main determining elements, and this directly relates to questions regarding your trading approach. The question of whether you want to be a day trader or a swing trader who holds positions for a longer period of time is related to the timeframes you want to trade and affects how long you keep positions. If you don't currently trade full-time, you will also need to figure out how to fit trading into your daily life. Additionally, you must choose your trading instruments, such as price action patterns and/or indicators. Which one you like is a matter of personal preference, but the fact that there are thousands of self-described trading experts
TRADING DECISIONS BEFORE YOU TAKE A TRADE
You are prepared to proceed to the next level once you have provided answers to the questions above. Once your trading strategy has been determined, you should be extremely clear about the entrance criteria, the significance and order of each entry condition, and whether or not the various entry criteria have an impact on your win rate.
Then, be completely honest with yourself and determine if you actually possess an advantage. Have you backtested your trading method without lying to yourself or cheating? If it's even conceivable, did you demo trade and handle demo trading as you would real money trading? Are you able to gauge whether markets have altered and are you ready to respond to them?
Additionally, you will need to have an organised and well-considered risk management strategy. Your trading performance is significantly impacted by the size of your account alone. If your account is too huge, fear and greed will dictate your trading choices, as opposed to your trading being very sloppy if your account is too small. What is your position sizing strategy, secondly? Do you utilise a fixed % amount for each trade, or do position sizes change depending on the strength of setups? Last but not least, how much exposure are you ready to take on for all open trades, and do you take correlations into account when making new trades?
TRADING DECISIONS WHEN YOU ARE IN A TRADE
You are prepared to make a deal once you have answers to all the previously asked questions. However, once you enter a trade, you are forced to handle a completely different set of issues while feeling the strain of actual market exposure. As a result, it's crucial that you have all the answers before making any transactions so that you can carry out your trading strategy without having to think too much.carry out your trading strategy without having to give it any thought.
Scaling in and scaling out, increased risk, and having to deal with comparable trading decisions if you have open positions in linked instruments are some of the ideas connected to risk management that come up in the questions. Do you also monitor how your risk-to-reward ratio changes throughout the course of a trade? Your risk management strategy will also influence how you respond to challenges like news events, unforeseen political and geopolitical developments, and making trades over the weekend.
The principles of risk are very intimately related to issues of trade management. Stop loss and take profit management are the two most crucial aspects of trade management. When a trade goes in your favour, do you actively move your stop loss order? If the answer is yes, develop a complex and tried-and-true stop loss technique rather than hopping around stops. For your take profit orders, the same is true. The reason why most traders take profits too soon is because they confuse a small pullback with a trend change. In order to improve, write down your stop loss and take profit management rules, test them, and evaluate their results.
Furthermore, non-chart events are just as significant as your active trading choices on your price charts. The difference between a competent, lucrative trader and a continually losing amateur trader is a sound trading strategy, where you map out potential trading scenarios beforehand and prepare your trades before they take place. His trading journal is the trader's second-most crucial instrument. A trader keeps a record of all of his previous trades in a trading notebook in an effort to identify weak points and improve his edge. Because it takes a lot of discipline and effort, yet will mean the difference between continually losing and making profits, it is surprising how few traders have neither of the two.
CONCLUSION: BEING A TRADER MEANS MAKING DECISIONS
Despite the fact that trading initially appears to be relatively straightforward, being a successful trader demands a very professional mindset and approach. A trader has to come up with sophisticated and tried methods to manage his deals before, during, and after they occurred. He must deal with a number of extremely difficult issues on a regular basis.
This article's objective is not to scare you away, but to inform you of the complexity of trading and provide you with a rule to follow in order to maximise the effectiveness of your trading strategy.
Be disciplined
Be flexible
Never stop learning
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#BTC will break this resistance or we will see a pullback?#BTC UPDATE
On 12H, BTC is about to break out of a lengthy falling wedge. The MA 100 and the Ichimoku cloud are both providing resistance to the descending wedge.
A firm breakout of the falling wedge would indicate a significant bullish rally in the market at this time, when the price has retested above the horizontal support.
Let's understand deeply
Bitcoin Mining Profitability Analysis: Trends and Forecasts for 2023
Bitcoin miners' revenues have shown steady growth since the year's start, peaking on May 8 at $41.7 million. This growth aligns with an uptrend in key Bitcoin network metrics. The BTC Miner Sentiment metric, considering the network's average hash rate, difficulty, mined blocks, and block rewards, also displays a consistent rise. This growth indicates a strengthening and stabilizing Bitcoin network.
The hash rate and network difficulty directly relate to Bitcoin's security and mining challenge, respectively. The number of mined blocks and block rewards influence miners' earnings. However, the expected halving of Bitcoin block reward in 2024 could impact these earnings.
Forecasts suggest continued growth in miners' revenues and network resilience in the short term, though the upcoming halving could shift this trend. Regardless, Bitcoin's core network metrics reaffirm its strength and resilience, highlighting Bitcoin's role as a leading cryptocurrency and its long-term viability.
In conclusion, the analysis of Bitcoin network metrics reaffirms Bitcoin's leadership and resilience in the cryptocurrency market. With sound risk management, miners can continue to secure earnings, providing investors confidence in Bitcoin's enduring stability.
This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor.
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Bitcoin can make corrections and then bounce up!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATED
As we can see on this chart In the long term BTC is forming these two patterns head and shoulder pattern and ascending triangle pattern, both important support is around 26500 which is also the neckline of an inverse head and shoulder pattern.
According to both patterns, there is a chance that BTC may retest the 25,500K level if it’s able to hold this 100ma support.
Currently its holding above 100ma at the moment.
Stay tuned I will keep updating
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#ETH DAILY TIMEFRAME UPDATE!!#ETH UPDATE
ETHUSDT is in an upward trend that is constrained by resistance and support. The local resistance that has been holding back the cryptocurrency pair for a while was shattered yesterday.
The pair departs the range when the price breaks the MA-50, and it then establishes a consolidation above the line following another testing of the barrier.
The currency will start to strengthen if the bulls manage to keep the price in the new channel.
The market has been more active recently, and we can presume that this is due to the fundamentals of the economy as they relate to the dollar index.
Support is being provided by the moving averages. The support is validated by the MA-200 crossing the lower edge of this rising channel.
Strong support: 1880, 1846, 1775.
Strong resistance: 1920, 1941, 2021.
I anticipate that ETH will continue to rise until 2021 under the influence of the bullish trend and attitude, followed by a breakout and strengthening to channel resistance.
This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor.
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#BTC is getting ready for the Big move!!
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is forming this bullish pennant pattern
what is bullish pennant pattern
A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines.
*BTC Need to Clear the 29,500 Resistance to Confirm the bullish pennant pattern Breakout
* RSI is also sowing some bullish divergences move
*If it conform this pattern then according to the pattern we will see good bounce
Stay tuned I will keep updating
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BTC 55 EMA pattern perdition In yellow I have put what I think BTC will follow, my prediction of the 55 EMA Last week of April up to $28500 then down to FWB:25K for support, then rally to $35k by mid-end June, then a flat week to follow into July, anything past that is luck but I see the bull run starting this summer, BTC Halving events at end of 2023 and 4-year cycles are all in play to make the end of 2023 and all of 2024-25 great years. Let the bulls run wild. God speed!
2019 all over again?Bitcoin is looking to repeat 2019 price action, with this bear run rally.
It would bring us above 40,000$ and then slowly bleed into 2024 and a real bottom, before next halving.
I don't guarantee for the exact days and numbers, but if true, we are in for 40-60 more days of pump, before rest of the year slow bleed to 15-17k area.
Confirmation of this idea: next few weeks close green, consecutive.
Rejection: new low on weekly.
MARKET UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is forming this big falling wedge pattern
what is a falling wedge pattern?
The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. Generally, a falling wedge pattern is considered a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
A weekly candle close above 25k could suggest that the market is expecting a bullish trend.
So let's see how the weekly candle closes
* RSI is also sowing some bullish divergences move
#USDT.D UPDATE
We are a few hours away from the weekly close and we can literally see where the market is possibly heading. With the USDT.D bouncing back from the support line and BTC at the resistance, I would highly suggest staying away from leverage trading for now and wait for the market to cool off. If the bounce back is so good to be true then we can expect the USDT.D to reach close to 7.2% resistance. If not then 6.4% is good support for the dominance.
TOTAL 2 UPDATE
We are a few hours away from the weekly close and we can literally see where the market is possibly heading. With the USDT.D bouncing back from the support line and BTC at the resistance, I would highly suggest staying away from leverage trading for now and wait for the market to cool off. If the bounce back is so good to be true then we can expect the USDT.D to reach close to 7.2% resistance. If not then 6.4% is good support for the dominance.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Are you guys ready for the bull run?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#Bitcoin Long Term Technical Analysis:-
In this weekly time frame, BTC is trading inside this expanding triangle pattern and is currently bouncing from there.
After the breakout of this expanding triangle pattern, we expect a 400% bounce technical
TARGET:- 73k, 90k, 150k,
This is not a piece of financial advice.
(DYOR)
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BTC bottom and bull run start!! Magic indicators!!I'm looking at weekly timeframe. I added 2 magic indicators which predicted exact BTC bottom and bull run start 3 times in the whole history of BTC.
As you see, when 2d indicator flashes orange color it marks BTC bottom and 1st indicator's bullish cross marks Bull run start with main trendline breakout.
I expect that major diagonal trendline to be broken in late November and early December 2022.
This is my another analysis based on history data which proves my previous analyses about BTC bottom I published since June 2022 are accurate till now.
As you remember I published BTC bottom was in at 17.5K on 18.06.2022 and later added more than 12 charts which proves BTC has already bottomed.
You can check all my analyses about BTC bottom bellow related ideas and if you like my ideas , don't forget to like and follow me please.
Vethor Projection and rising scallop. In this idea I am investigating Vethor and seeing what kind of profit we can project for stake holders of VET. So looks like we got a clean Ascending Scallop and we will see some decent movement. Not a lot compared to other coins, but when you get Vethor free just for holding VET doesn't much matter if the interest token goes up as it is best to take what you can get. If you agree throw me a like and follow me for unique ideas and Charts that keep you in the gains! - Much love to my supporters ND