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Dailyanalysis

The Daily TimeframeI am commonly asked what is the most important time frame to analyse your pairs on. Which doesn't always result in a simple answer since multiple time frames must be taken into consideration for successful trading e.g. weekly/daily/4h/1h. However, there is the one that is universally considered to be principal and that is the daily time frame. Here are some of the main reasons why so many traders rely on a daily time frame and why you should to: 1️⃣ - Daily time frame shows a global market trend at the same time reflecting a mid-term and short-term perspective allowing the trader catch trend following moves and spot early reversal signs. The simple nature of one candle closure per day keeps things a lot more simple compared to lower timeframes. 2️⃣ - Covering multiple perspectives, the daily time frame is the foundation of the majority of the trading strategies and is the main source of key levels & pattern analysis. 3️⃣ - Filters out news events that happened during the trading day. It shows the composite reaction of the market participants to all the data posted in the economic calendar. 4️⃣ - Daily time frame reflects all trading sessions. Within one single candle, we see the outcome of the Asian, London, and New York Sessions. 5️⃣ - Daily candle filters out all the noise from lower time frames & intraday price fluctuations and sudden spikes & rejections. 6️⃣ - Similar to covering all the trading sessions, daily time frame also mirrors the activities of big players like hedge funds and banks. Showing us the flow & direction of big money. ⚠️ Please note: Despite the daily timeframe being so important for analysis, still do not neglect other time frames. The most accurate trading decision can be made only relying on a combination of intraday and daily time frames.
Education
by NimmoCapital
BTC/USD: Short PositionBitcoin it's look into this short position in H4 timeframe. You can to view in H1 that Bitcoin it's look bearish. But I found out in Daily that Bitcoin need to go back to $56,000 USD again to confirm this flip support. This strucutre it's not secure when the price reach a higher in this zone, becuase Bitcoin need to go to make a possible correction in the yellow zone. But we look that BItcoin forming a bearish channel in H4 timeframe and make this break-out to up, but I don't thinking to put any long posiiton as this could be a trap for bulls. We could to look bears selling Bitcoin to $56k. I'm in short in Bitcoin!!! Also in Cardano too. And guys, I want to recommend a crypto GEM that have a lot potential. This cryptocurrency it's called Baby Dogecoin where you can to find up in coin market cap or coingecko to look the information details of this cryptocucurrency with awesome potential. I hold this cryptocurrency now!!! I'd reccomend for you to follow me in my external social media where everyday I post entertainment content educative for the crypto-community.
COINBASE:BTCUSDLong
by harisonhbn9718
5
CKBUSDT BIG HIT #CKB#CKBUSDT #Crypto ------------ $CKB is one of the most undervalued crypto yet. 🤦‍♀️ as you can see in Daily Chart price broke out from long term descending resistance.📉 _______________________________________ BUY AND HODL.🎯 _______________________________________ 💎 Don't sell for years though as this will become a market leader, HOLD for dear life as I do believe you could see this at $1/$3 in a few years💎 📊 CKB crypto price prediction puts the price at an average of $0.0243 in 2021, rising to an average of $0.0280 in 2022 and doubling to $0.0459 in 2025. By 2028, the algorithm predicts the CKB price will average $0.0720, with a peak of up to $0.0779. As it can be clear from the analysis cited above, Nervos Network (CKB) projections are rather contradictory. There is no universal consensus either about positive or negative future CKB price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Nervos Network projects, the crypto environment in general, legal position, and so on. I kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Long
by fatimazahrabn
XRP/USD: Entrying to the phase #3 Elliot Wave AnalysisXRP it's ending the phase #2 of this Elliot Wave cycle and we're near to begin the phase #3. XRP could to reach $2 USD very soon as I believe that there's some big news that we should to note that XRP has became most popular cryptocurrency in UK during this week. I'm optimistic with XRP like investment for long term. And also, I interesting more in this cryptocurrency than any other. Now, remember, don't wrong on this cryptocurrency, at least, XRP could to entry into the top 5 best cryptocurrency by coin market cap, and also, XRP it's a competitive cryptocurrency where many people has XRP out of radar. Guys, if you find up that this analysis it's very interesting to take in your hand, you can to share this analysis with others collaborators, crypto-enthusiastic and XRP Holder that may to interesting it.
POLONIEX:XRPUSDLong
by harisonhbn9718
USDJPY DAILYUSD/JPY: Retail trader data shows 26.08% of traders are net-long with the ratio of traders short to long at 2.83 to 1. The number of traders net-long is 1.43% higher than yesterday and 19.25% lower from last week, while the number of traders net-short is 2.78% higher than yesterday and 27.31% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/JPY prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias. Even as the DXY Index’s rally has paused, USD/JPY rates have continued to surge higher. Looking at USD/JPY from the weekly timeframe, there is a reasonable basis to believe that we’re still in the early innings of a longer-term bullish breakout. USD/JPY rates are above their weekly 4-, 8-, and 13-EMA envelope, which is in bullish sequential order. Weekly MACD has just issued a bullish crossover while above its signal line, and weekly Slow Stochastics have started to return to overbought territory. Near-term resistance may soon be approaching in the form of the 23.6% Fibonacci retracement of the 2011 low/2015 high range at 114.200, but any pullback from this level henceforth would necessarily be viewed as a ‘buy the dip’ opportunity – especially as US equity markets have started to breakout higher.
Short
by AbdallaAmgad
Gbuusd UPdatedlooking for a pull back on smaller time frame for entry and expecting a mid term trade in bearish momentum. I'm witnessing a some nice buyers exhaustion candles especially the previous daily candle giving me more confluence to the sell with a strong pin bar at resistance. I have a trendline on the smaller time frame and once it breaks and retest for another resistance I will be adding another entry. this looks really good and makes sense to me. Let me know what you think...comment below if you see anything different or if you agree
Short
by Da_KahunaFx
XRP could to leading to $2 USD in few days!!!I make this 2nd analysis in XRP in Daily timeframe to know the situation in short term. XRP it's continue strenghten in this month and there's a lot financial news that impact the price. Now, don't be wrong in this cryptocurrency. Remember that XRP it's a cryptocurrency with big potential to transform the financial world. And I don't thinking that XRP becoming one of the best cryptocurrency competing with Cardano. Now, I thinking one thing now to enfocous a little more in XRP as this cryptocurrency continue get more news for the next month to watchout. Now, I use the Elliot wave analysis, we pass the correction ABC pattern and now, we can to entry in the new bulish phase forming a new elliot wave cycle
POLONIEX:XRPUSDLong
by harisonhbn9718
Sell EURUSDHello traders, let’s look at EURUSD for today’s daily analysis. Let’s talk about EURUSD yesterday it broke out of that small range and it actually retested that maroon trend line but I did not execute since I wanted to wait until price moved to another location. Well here we are. Price makes this huge bullish candle and then reverses. It did this twice. And now we are seeing this again for a THIRD time. Always remember that price likes to repeat itself. The second confluence is that it is hitting our 50 ema on the hourly. This could act as our resistance. The third confluence is that this zone we’re in acted as support at one point. As you know, price loves to retest the last broken S/R. In this instance it was support and now turned into resistance. If you like this post make sure to follow me for more daily analysis.
Short
by TheGiovannie
1
BTC/USD: New Perspective to bullish setupBitcoin made break out of this bearish channel and we have 3 days bullish starting this new month October. Bitcoin it's approaching the mark of $48,000 USD and bulls could to entry to bought. Now, based in this udpate, I mark the Elliot Wave Correction ABC and we could to entry to a bull market now. And also, I mark this bullish dervergences in the MACD as the histogram show us strenghten of boughts in the 40k zones. This it's just my Daily idea. My only long position it's in Ethereum Classic and I'm in profit for now!!!
COINBASE:BTCUSDLong
by harisonhbn9718
Cautious of EURUSD But overall bearish Hello Traders, here is today’s daily analysis. I am very cautious of EURUSD today. It has been breaking structure the past two days and has sunken to this new support zone. I have been watching this pair throughout the day and hoping I would get a clear indication of where it will go but seeing as how there is strength in USD pairs I will also bet that this move down will also continue. However, as you can see there is consolidation happening which stopped us last night. This is in part due to global news where money is being allocated into safe currencies. That being said USD, JPY and EURUSD are the ones that moved yesterday. What I know: we are at a support zone it cannot break. If it moves down again and created a double bottom that will indicate another confluence to the upside. Price has been ranging so it’s unclear where we should enter. I am overall bullish on USD. So I would much rather place a sell than a buy.
by TheGiovannie
ADA/BTC: bullish setup!!!Cardano continue climbing in front of Bitcoin ratio. So, in Daily timeframe ADA worth 0.000055 satoshi. And the trend it's very clear, it's bullish. So, in based the USD, it's bullish too. So, my big advice it's don't make panic, don't sell your ADA, HOLD!!! Because if you hold at least 1,000 ADA= your worth in Bitcoin actual it's 0.055 BTC, but in the future could to change to 0.1 BTC easily. Now, I want to share you in long term my 4 targets in Bitcoin to get Bitcoin earns. I use a lot altcoin/Bitcoin in my investment strategy. You can view now that Cardano could to becoming one of the best cryptocurrency with huge performance. If you like this analysis, please hand up, share this information with others crypto-enthusiastic, amateur and people who don't understand it. I'm bullish on Cardano with 10,546 ADA in hold!!! And also with 10,039 XRP in hold.
Long
by harisonhbn9718