Charting
Could ETH be trading in a Channel? Eth looks like it's trading at the top of a wide, upward sloping, channel. The 20, 50, and 200 day moving average are all spaced apart and pointing upward confirming the uptrend, but the bearish divergence in the MACD is concerning. It's going to be interesting to see if price breaks above the tend-line into higher highs, or if it returns to the support trend line at the bottom of the channel. Only time will tell.
Less Indicators Make Better TradesIf you have a professional looking chart with plenty of fancy indicators, and yet nothing is making sense, you reached Analysis Paralysis; the rabbit hole that sucks everyone in by the gravity that every Indicator is important. In essence, they all are. The remedy to the mental confusion is to find the few that give you the best visual quality to make trading simpler. Strip the Charts back to its basics using only a handful of indicators.
The $ETH chart provided uses MACD, RSI, Volume, and Script. The combination provides clear visualization of momentum, support & resistance zones and liquidity; key factors Traders need to create a trading strategy.
Majority of profitable Traders advocate the adage "Less is more!" I found this to be true in my experience.
DOTUSDT - Long- be patient with entry :) Buying between $28 - $32 Looks reasonable with a recent dip while I was charting.
3 Questions -
Do you feel safe in PolkaDot recovering?
Is your entry, SL & TP calculated and ready to set?
Are you happy to enter against the trend or will you wait for confirmation?
Please feel free to use my draw-up as a reference but do your own TA and make your own decisions.
Trade Safe Everyone!!
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EURAUD - A current trade - DO NOT ENTEREURAUD here. Just showing you another example of my trading.
This position I am currently in and held over the weekend. I closed out most of my position on Friday evening and left a little partial to run to see if it reaches the final target. As you can see, my entry on this was a little premature off the 50% fib where as looking back I should have waited for price to reach the 61.80% as there is more confluence from previous price action.
Nevertheless the trade has gone to plan and now we just wait and see how it continues to play out!
PD Chart patternWhile PD is in a bullish trend, it appears to have failed to break above the line, resulting in a decline. I see a great swing buy near the bottom if it does not break below the lines. People believe the stock is down because the CEO sold 200k shares, however the major reason is that shares of PagerDuty (NYSE: PD) were trading down today after the cloud-computing firm's first-quarter earnings report failed to impress investors. PagerDuty's company is benefiting from the rebound, as both macrotrends and the market environment continue to favor us. 9 analysts provided 12-month price estimates, with a median goal of 53.00, a high estimate of 59.00, and a low estimate of 35.00. The consensus forecast is a +24.06 percent gain over the previous price of 42.72.
Not a financial advise. DYOR
Current chart setup that has taken a long time to perfect This charting setup works amazing on all timeframes. The goal was to pack as much USEFUL information into the chart as possible, without it being confusing, staying easy to use and read and being visually pleasing.
Modified indicators are as follows -
1. Divergence for many v4
2. Suite and dashboard w/ inputs for S&R, Bollinger heatmap, fib retracements, 9,21,50 EMA's. Dashboard to right reads Volatility %, RSI level, VWAP and trend for all timeframes. (Can be buggy- check trends while on 15 min chart)
3. RSI bars with custom settings
Lower half -
1. RSI Divergence (custom settings)
2. AK Trend ID (is just a custom macd really, but gives a good visual representation)
3. MFI with custom settings.
I wont go over how to use everything in conjunction right now. (Saving that guide for a later date)
Enjoy, DJ (CryptoSavvy)
The Art of Technical Analysis for Beginners part 1Hey Traders so today I wanted to make a brief tutorial on technical analysis for those who are new to trading. This will be a short series that gives you the tools to understand the charts without any indicators ever needed. This analysis can be applied to all markets Stocks, Forex, Commodities, Crypto etc...
Be on the lookout for future videos in the series and I hope it helps those who are new to trading!
Enjoy!
Trade Well,
Clifford
BTC abc correction down to $20.000right now were still under correctiono.
its may 26 of 2021 and plenty of newbies came in that pushed BTC to 60k but now we r in a correctrion and i see us going down to 20k, maybe even 17k or 21 k been optimist and then hitting 100k plus! which would be the 5th super wave!
#elliotwaveanalysis
#longterm
#charting
#inflation
2 BULLISH BREAKOUT PATTERNS..A.TRIANGLE/INVERSE HEAD & SHOULDERHEY GUYS JUST A QUICK COUPLE OF PATTERNS I FOUND FOR TONIGHT AND TOMORROW, i have added the targets and the stop losses for you all, these patterns will breakout sometime tonight into the open in the morning tomarrow, there is 75-80% chance of this playing out exactly, once we hit our first target from the ascending triangle the target puts us above the neckline of the head & shoulders and this should be a huge 25% pump, so if u are trading with leverage and only use 4x then u will be looking at a 100% return and if u do 8x u will pull a 2x 200% return with a very high risk to reward, with high profits and little risk because the stop losses are in prime places to give you a 2%-25% RISK/REWARD.i hope you all capitalize on these awsome patterns and trade im giving you, u can thank me in the coments, also im still looking for the huge HEAD & SHOULDER ON THE DOGE DAILY CHART TO REALLY BREAKOUT, THE NECKLINE HAS BEEN BROKE BUT NO VOLUME YET TO SET THAT TICKING TIME BOMB OFF OF A TRADE, SO IF U TAKE THAT U CAN ALSO THANK ME IN THE COMMENTS AND HIT LIKE WHILE FOLLOWING MY TRADINGVIEW POSTS AND TRADES. THANKS
SHA256BITTRADER
To add & pin yours or other's published ideas to your chartHello traders.
I had a hard time to figure out how to add and / or pin my ideas and other people that I follow to my chart.
Here are the steps.
1- go to the "Ideas Stream" tab on the right side of your chart.
2- There is a "Light Bulb" icon all the way on the top and click on the drop-down menu next to it.
3- Select desired option.
Few important points:
A- It works for your private or public published ideas as well as other people that you follow.
B- On the chart, the Published Idea (yours or others) will appear on which ever "Time Frame" t ( Daily, 4H, 1H ..) it was published.
C- You can't publish on less than 15 Minutes Time Frame.
D- The ideas will appear on the specific candle as a "Upside Down Triangle". If you hoover your mouse it will pop up.
E- You can pin the idea to your chart to show all the time. Once you hoover over the triangle, it will pop up and you can see the "Pin" icon to pin the idea to your chart. You can unpin it the same way.
GPX Strategies Analysis GP Strategies Corp (GPX)
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds under the radar stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
We have had eyes on GP Strategies Corp for some time now. We're tackling this bad boy by buying dips from the $14-$16 range, and have set our first take profit at $19.5.
Let us know what you guys think below and subscribe for more!