Massive momentum divergence means a top is forming in OIL1. In this video I've focused on momentum indicators to show a massive divergence building with every higher high in the price of oil.
2. I also showed a longterm trend line providing immediate resistance
3. Lastly, I used cycle analysis to predict a major swing low ~ 8 weeks from now
TAKEAWAY: 3 independent forms of technical analysis giving the same outcome that oil peaks right now. This is complementing my fundamental view that inflation has peaked; aka oil has peaked.
Thank you and feel free to leave your constructive feedback
Economic Cycles
HOW-TO: A Step-By-Step Guide to Using The Profit Maxima StrategyThis strategy is suitable for position traders who hold their positions for months.
The goal is to determine the best entry and exit levels in order to achieve maximum profit with minimum risk.
Due to the bullish nature of the crypto market, trading in the “short” direction is avoided.
Step 1: Choose the best chart
Use the "Chart Quality" table to choose the appropriate chart.
The "Historical Bars" field displays the total number of candles in the chart.
The more historical price data is available, the more accurate the results will be; so choose the chart of an exchange that has the most historical bars.
The "Predictability" field indicates how reliable the results are.
The "Recommended Chart" field shows the suggested chart for some common symbols.
Step 2: Place your orders manually
Set your entry and exit orders at three different levels; for this, use the "Entry & Profit Limits" table.
As you can see, the Entry and Target levels are matched in pair.
Step 3: Be patient
As mentioned, this is a long-term strategy. In the long term, there are fluctuations, price corrections and so on.
So remember that patience is the key.
A relief rally for bitcoin starts nowHello,
In this video I've mentioned 3 reasons why I feel like a relief rally is coming for bitcoin. A relief rally is a bounce in a continued downtrend.
1. Price has fallen into a demand zone of low 40k
2. Sentiment says too much fear in the market so it's a time to buy
3. Cycle analysis says the wind is in your back for the next 3 weeks
Thank you.
Market Re-cap & AnalysisWeekend analysis of the currency pairs i am watching for next weeks trading week.
Pairs I am looking at for longs are;
AUDJPY
AUDUSD
CHFJPY
NZDCHF
NZDJPY
Pairs I'm looking at for potential shorts are
EURAUD
EURNZD
USDCAD
If you have any questions about trading then I will be more than willing to give you a hand if I can just give me a message or comment and I will be sure to get back to you
Take care
Ben
How to Identify Market Structure and Increase Your ProfitabilityHave you ever wondered, when is the best time to trade?
It all depends on what market structure is present at the current moment.
There are 3 different types of market structure:
1. Ranging
2. Trending
3. Indecisive
During a ranging market, prices can turn rapidly so taking profits quickly is crucial. Not optimal market conditions but can be traded if you don't get greedy.
During a trending market, prices can keep continuing in one direction and not look back. It's better to be more lenient on rolling your stops. Expect the trend to continue and trade accordingly. Once the trend ends, sit back and wait for a clear picture of the market.
During indecisive markets, you want to stay out! Don't touch. Avoid at all costs.
I appreciate you investing your time in your future.
Much Love
Dil
One trading system to rule the allYesterday I made a video explaining an easy way to begin developing a trading strategy if you have had a hard time remaining profitable. This strategy works on all markets crypto stocks, forex very simple rules that all ways has a 10:1 Risk & Reward meaning you can lose 10 times in a row but that 1 time you are right will cover the 10 times you were wrong. If you like the video pls share it and leave a tip ✌🏾
Bitcoin targeting $33K, and dropping to $32K!!!BITSTAMP:BTCUSD
Bitcoin as we know is overall bearish on Higher Time Frames. I mark off my daily balanced-price key-levels and look for support or resistance. Currently we are resisting a key balanced price level, the recent buy trend on the smaller time frames was a run on buyside liquidity to indicate manipulation and accumulation to ultimately distribute to the downside. Price offered 62% premium to sellers and we are currently seeing new orders being placed at $34,500 key level. Price will return back to $33,000 and ultimately drop through to $32,500.
Marking off the mirrored ranges on the 1H indicates that this current range is fulfilled and the accumulation is coming to an end. Distribution will begin to unfold, targeting lower prices based on the resistance we are finding within the balanced price range from the daily level.
If you notice on the 1H there are bigger mirroring-ranges (red ranges) that total roughly 1955 points each, and smaller mirroring-ranges (blue ranges) that total 1290points each. The current range has been completed at 1955 point roughly, so it is now time to get back in line with institutional order-flow and overall directional bias; thus, distributing back down to lower prices and beginning a new smaller mirroring-range.
It is currently Monday morning in China as I right this at 10PM EST, which tells me we will see the Chinese version of NYC volatility tonight given China controls a lot of the bitcoin, "so I have heard at least." With all of this in mind, I am bearish on Bitcoin for a day trade/short term trade back down to $32,500.
How to detect the active cycle length?This is a short tutorial on how to use the Detrended Rhythm Oscillator (DRO) to identify the current dominant cycle. The Detrended Rhythm Oscillator is an advanced Detrended Price Oscillator DPO which helps to spot the key market rhythm or beat for any symbol on any timeframe.
It automatically labels the length of current market high-high and low-low pivots which helps to see cycle harmonics and relations. The output should be used as input setting for almost all technical indicators which require and "length" settings for the calculation. Using this length setting based on the dominant market rhythm will help to ensure better accuracy to your indicators at turning points. The indicators get synced to the beat of the market.
The indicator is available as Public Open Source Script for your own usage:
Best Place to Buy Bitcoin and other ALTS if we are in a Bear RunBest Place to Buy Bitcoin and other ALTS if we are in a Bear Run...
Also Please note that I am not your financial advisor... This is my opinion based on the historical data. please do your own research before purchasing Bitcoin or any other Alts.. Also please don't invest more that what you are willing to loose...!!!