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Economic Cycles

ADA - Excellent Zone to Accumulate NOWHi Traders, Investors and Speculators of Charts📈📉 A quick look at Cardano. First, let's establish the Macro Market Phase that we're current trading in. This helps manage realistic price action. ADA is currently in pre-bull market phase / accumulation phase, in other words it is a great time to accumulate for the rally to come with scattered buying orders. However, this doesn't rule out the possibility of another shakeout or bear trap, where the price drops as low as 20c before starting a new bullish phase. A look at the technical indictor confirms this for the short term, where we see a very bearish scenario on the daily in terms of Technical Indicator. Worried about the recent drop in price across crypto markets🤔? Check out this idea : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:ADA BINANCE:ADAUSDT BYBIT:ADAUSDT.P OKX:ADAUSDT.P COINBASE:ADAUSD BINANCE:ADAUSD
by Crypto-Check-
26
Apple -> Now Getting Long!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance. On the weekly timeframe you can see that Apple is already approching previous resistance which could be acting as support and considering that this level is the previous all time high I certianly do expect at least a short term bullish rejection. However on the daily timeframe everything is still looking quite bearish - therefore I am waiting for a break and retest of the $183 daily structure level before the daily timeframe is also ready for more bullish upside. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:AAPLLong
by basictradingtv
38
TOTAL & BTC: Guide to Trend Line AnalysisHi Traders, Investors and Speculators of Charts📈📉 One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out, as well as determine key zones of support and resistance. You do this by drawing up trend lines on the chart, from a macro perspective. Here's a comprehensive Guide to Elliot Wave Theory, done on ETH : To summarize if you're short on time, Elliot wave identifies upward and downward phases during an overall bullish or bearish cycle. Wave 1-2 can often correct a near 50% from starting point of wave 0-1. This means the price can drop -50%, and you would still be in a bullish cycle . Now that we've discussed Elliot waves, we can also take a quick look at Wyckoff Method for BTC, which I did over here: In other words, don't be scared of corrections! Wait and plan your trade. There's no need to force a trade. If you have identified your support and resistance zones with diagonal and horizontal trend lines, you can wait for the price to reach your target and execute a brilliant trade with a great risk-reward setup.
CRYPTOCAP:TOTAL
by Crypto-Check-
31
HOW-TO:How much move is left upon point of entry(OE)In this video,we look at our invite only script of Smart Money Indicator(SMI) Elite OE and how it helps us determine how much move is left upon point of entry(aka OE) on a statistical probability basis. The SMI is not a buy and sell indicator. SMI quantifies the tops and bottoms to give you a solid structured framework to design robust strategies on. Please refer to our 7 steps to consistent trading performance videos on our trading view channel to understand further the methodology and reasoning behind the SMI which was developed in the 1960s by institutional quant traders. Refn Link: www.tradingview.com
by masterthemarkets2010
Backtesting GBPNZD WB 07/24Order Block Strategy Overview: The order block strategy is based on identifying key levels in the price chart. Order blocks are essentially areas on the chart where institutional traders placed significant buy or sell orders. These orders can create strong levels, which are relevant to other market participants. The strategy aims to capitalize on potential market reactions when the price returns to these order block areas. Step-by-Step Guide to Trading with Order Blocks: Step 1: Identify Order Blocks Begin by analyzing the price chart of the asset you want to trade. Look for areas where the price has shown a significant change in direction, forming clear swing highs or lows. These swing highs and lows may represent potential order blocks where institutional traders executed large orders. Step 2: Confirm Order Blocks To validate an order block, look for a price move that shows a strong impulse (sharp price movement) followed by a consolidation or a pullback. The consolidation or pullback phase indicates the potential presence of buy or sell orders, confirming the order block's relevance. Step 3: Draw Levels Once you've identified the order blocks, draw horizontal lines to mark the levels created by them. These levels act as areas of interest for potential future trades. Step 4: Analyze Price Action Observe how the price behaves around the identified levels. Look for signs of price rejection (pin bars, doji candles, or engulfing patterns) that indicate the market's reluctance to move past those levels. Step 5: Plan Your Trade If the price approaches a bullish level, consider going long (buying) if you observe bullish price action, suggesting a potential bounce from that level. If the price approaches a bearish level, consider going short (selling) if you observe bearish price action, indicating a potential reversal from that level. Step 6: Set Stop-Loss and Take-Profit Levels Always use proper risk management to protect your capital in case the market moves against your position. Set a take-profit order at a reasonable target level based on your analysis. This could be the next level. Remember: The order block strategy is not foolproof and carries risks like any other trading approach. Always practice proper risk management to protect your capital from significant losses. Never trade with money you cannot afford to lose. It's important to conduct further research and practice trading with order blocks on historical price data or in a demo trading account before implementing this strategy in live markets. Additionally, consider combining order block analysis with other technical or fundamental indicators to increase the robustness of your trading decisions.
Education
by RayPerezEmpire
Tesla -> Bullish Or Bearish?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla 💪 After Tesla stock retested the last strong support zone for bulls, the 0.786 fibonacci level at the $100 level, the recent pump over the past couple of months of more than 100% was no surprise at all. Weekly market structure on Telsa is currently a little bit overextended so we could certainly see a retest of the 0.382 fibonacci retracement level which is sitting roughly at $245. With the recent drop on Tesla after earnings we could certianly see some more bearish pressure and I would love to see a retest of the previous daily support at $245 and then from there I eventually do expect the creation of a new all time high. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:TSLALong
by basictradingtv
39
Dow Jones -> Fighting The Little Brother NasdaqHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of DowJones 💪 With the recent retest of a previous monthly resistance level, now turned support, and in confluence with a retest of the 0.382 fibonacci level the Dow Jones started a new bullrun which will certainly continue going into 2024. On the weekly timeframe the Dow Jones just broke above a major previous weekly bearish trendline and since then created a solid +5% rally and with the recent bullish momentum I simply do expect the creation of a new all time high soon. I have also been bullish on the daily timeframe on the Dow Jones for quite some time and so far everything payed off nicely - I am still waiting for a drop though to then scale into more buys on the Dow Jones to perfectly ride the next bullish wave. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
DJ:DJILong
by basictradingtv
32