KCS - Strong Support!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is overall bearish trading inside our brown wedge pattern and it is currently approaching the lower brown trendline.
Moreover, KCS is sitting around a strong support zone and round number 5.0 so we will be looking for buy setups on lower timeframes.
As per my trading style:
I will be looking for reversal setups (like a double bottom pattern, trendline break , and so on...)
Unless the 5.0 support is broken, then a movement till the 2.5 support would be expected where we will be looking for new buy setups.
For now, for the bulls to take over , we need a break above the last major high in gray.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Exchange
KCS - Long-Term and Short-Term Scenarios!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is overall bearish trading inside our brown wedge pattern and it is currently approaching the lower brown trendline.
Moreover, KCS is sitting around a strong support zone and round number 5.0 so we will be looking for buy setups on lower timeframes.
As per my trading style:
I will be looking for reversal setups (like a double bottom pattern, trendline break , and so on...)
Unless the 5.0 support is broken, then a movement till the 2.5 support would be expected where we will be looking for new buy setups.
For now, for the bulls to take over, we need a break above the last major high in gray.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
RLinda ! BTCUSD-> Bullish signals. Deception or reality? Bitcoin is up 8.3% from a two-year low. Bullish pattern, head and shoulders, pre-breakdown consolidation. What to expect in the future? Let's find out!
At the same time, on the weekly chart the RSI forms a divergence, which may signal a preliminary long-term bullish signal.
Stochastic on the monthly chart is at the bottom and crossing lines are forming. Similar situations occurred in 2015 and 2019.
Monthly chart, Stochastic is on its bottom, at the same time stochastic moving lines are forming a crossover
Price is updating its two-year lows and heading towards 13880
Visualization based on logarithmic data
The global support line runs along the lows of the wedges.
There are 3 full cycles on the chart, which include: a bearish wedge - a bullish set-up, which the data shows is working great.
The last two full cycles form a pullback of about 85%, after which the wedge reaches the bottom, price reverses and exits the wedge up
The very first cycle formed a pullback on the logarithmic data of about 82%.
It is worth making an assumption. Based on the data of the three extreme cycles: we can assume that the price may fall to the approximate mark of $10000, after which bitcoin may go into a consolidation phase, which will outline the bottom
The current drop is inferior in percentage terms to the 2017-2018, 2013-2015, 2010 corrections.
December bitcoin futures are now in backwardation, which is fairly atypical of the bitcoin market and indicates strong global selling in the moment.
The same situation where the contracts were in backwardation coincides with the futures being at the bottom. This was repeated in March 2020 and May 2021
The key level for a decline:
1) If price tests 17605 resistance and fails to go long, but consolidates below the level, but bitcoin will continue to be pressured down
2) Also 15585 is a global low. A retest of this support level will trigger a further drop towards 10000
Key level for growth:
1) Lower boundary of the previous range (in this case, resistance) 17605
If the price breaks through this level from below and the bulls manage to consolidate their positions, the price can go towards 25,000
On the hourly chart the price forms a reversal pattern Head and shoulders.
The zone 16400, which plays the dividing zone, is broken from the bottom up. The price continues to rise and forms a pattern, which signals a possible continuation of the movement - a symmetrical triangle.
If the triangle resistance is broken up, I expect a rise:
1) The first target - resistance 17065
2) The second target - resistance 17469 .
3) Third target - liquidity zone 18150
Breakdown of the triangle's lower boundary will take the price towards 16000
Regards to R. Linda!
WBT - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
WBT is approaching a strong demand zone so we will be looking for buy setups.
on H1: Right Chart
WBT is forming a double bottom but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the buy is activated, WBT can still trade lower till the daily demand zone where we will be looking for new buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS - Long-Term View! 🏠Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is overall bearish trading inside our brown wedge pattern and it is currently approaching the lower brown trendline.
Moreover, KCS is sitting around a strong support zone and round number 5.0 so we will be looking for buy setups on lower timeframes.
As per my trading style:
I will be looking for reversal setups (like a double bottom pattern, trendline break , and so on...)
Unless the 5.0 support is broken, then a movement till the 2.5 support would be expected where we will be looking for new buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
RLinda ! EURUSD-> Trend change or correction? EURUSD in early November is trying to change the global downtrend. A number of positive fundamental factors contributed to this maneuver. The price confirms the change of the trend and at some point breaks through the resistance of the uptrend channel, indicating to us a more accelerated recovery. But a false break-down of the resistance at 1.02692 is formed.
In the chart, we see a break-down of the base support at 1.02692, which was also the base for the H&S pattern. Ahead is the level of 0.618, from which a pullback might follow, and if the price makes a false-break of the upper boundary of the channel, there is a chance to see the continuation of strengthening of the euro.
But in case of breakdown of the key area and consolidation of the price under the channel resistance, the price may fall to support 0.9926.
Regards R. Linda!
RLinda ! USDJPY-> Symmetrical triangle. Keep falling? USDJPY is forming a technical pullback. The Japanese Yen is strengthening on fundamentals. The price is falling 9.4% from its high of 151.940 to 137.650.
(Chart 1. Daily chart. Technical analysis)
Global chart:
A support level of 138.460 is formed, the level is tested by a false breakdown, but without a pullback. A consolidation with locally lowering daily highs is formed.
The currency pair finds for itself resistance from the daily MA-50 and seeks support MA-200 (daily)
Daily RSI comes out of the oversold area and shows a bullish signal
Daily MACD is in a bearish zone and is gaining ground
On the hourly chart there is no pullback after the strong drop. The price is consolidating at 139.388, but at the same time a symmetrical triangle is forming, which plays the role of a trend continuation pattern. I expect breakdown of the triangle support and the price fall to the liquidity zone 135.80
Regards R. Linda!
KCS - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is stuck inside a range, around support and round number 10.0
For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected.
Meanwhile, if the bears manage to push below 9.0, then we will be expecting further movement downward.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bites Of Trading Knowledge For New TOP Traders #17 (short read)Bites Of Trading Knowledge For New TOP Traders #17
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What is a custodian? -
A custodian is a financial institution that holds customers' assets or securities for safekeeping to prevent them from being stolen or lost. The custodian may hold equities, bonds, derivatives, or other assets in electronic or physical form on behalf of its customers. Custodians could offer related financial services such as account management and reporting, transaction settlement, and compliance related to anti-money laundering and tax regulations.
What is an exchange? -
An exchange is a venue where buyers and sellers trade equities, bonds, derivatives, and other tradable assets. Exchanges are often regulated by financial regulators and provide liquidity, which give market participants the ability to buy and sell assets at a fair market value.
What is a financial regulator? -
Governments have various agencies in place given the responsibility to regulate and oversee financial markets and companies participating in the financial system. These agencies each have a specific range of duties and responsibilities that enable them to act independently of each other while they work to accomplish similar objectives. For example, in the United States, the Securities and Exchange Commission (SEC) has oversight of the securities industry (stocks and shares), whereas the Commodity Futures Trading Commission (CFTC) regulates and oversees derivative markets (futures, swaps, and options).
RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS -
Common application of financial market instruments for managing risk and opportunities.
Position and Risk Management
Risk management is the responsibility of market participants designed to limit risk exposures that specifically applies to the participants financial profile in the market.
The financial profile of a participant may include their role in the financial market or the amount of capital under their responsibility to be managed in the market, and therefore the risk variables that each would need to identify may be unique.
For both corporate and individual investors, the market to trade would be a key variable to clearly state and support with reasons for trading or investing. Reasons for selecting one market over another could include price volatility, liquidity, daily volume traded, size of the minimum price increment, and value of the minimum price increment. Comparing these variables between markets will help decide the suitability and/or risk of each.
For example, if Mini-Brent Crude Oil futures (BM) moves around $2.00 per day (or 2 points) and a point is worth $100, a trader might experience a $200 fluctuation in their account balance for one day. Another example is the U.S Dollar / Singapore Dollar (USDSGD), which could move 70 pips or more per day and trading a standard lot size with each pip worth $10, a $700 fluctuation could be expected for one day.
Market participants may also manage their risk through the size of their positions. The larger their position size, the greater is their exposure and the smaller their position size their exposure is lower. Investors should determine the risk that would result from various position sizes and select the size that ensures that their risk limit is not exceeded. Finally, setting stops with a specified loss amount provides protection if the market does not move in the desired direction. It helps to prevent creating a loss scenario which is larger than an account can handle.
TRADDICTIV · Research Team
--------
Disclaimer:
We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
KCS - Long-Term View!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Before I dive into today's update, let me walk you through my last three KCS analysis:
1- KCS - Strong Support!
We have been stuck around support, so we were looking for buy setups.
2- KCS - Long-Term and Short-Term Scenarios!
Then the bulls took over from a short-term perspective by breaking above the blue last high from H4 and reached our 10.0 target!
3- KCS - Short-Term Bullish Setup!
Then we expected a rejection from the 10.0 to retest the blue zone again.
4- Update:
Price rejected our blue zone as you can see from H4
Now What?
For the bulls to take over from a medium-term perspective, we need a daily close above the 10.0
and then for the bulls to take over from a long-term perspective, we need a daily close above the last major high from weekly, around 11.25
and of course, for the bears to take over, we need a break below the last major low in orange.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading opportunity for CROUSDT CronosBased on technical factors there is a Long position in :
📊 CROUSDT Cronos
🔵 Long Now 0.110000
🧯 Stop loss 0.098000
🏹 Target 1 0.125000
🏹 Target 2 0.133000
🏹 Target 3 0.144000
💸Capital : 1%
We hope it is profitable for you ❤️
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KCS - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is still struggling around support and round number 10.0 and since the price is above it, we will be looking for buy setups.
For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected.
Meanwhile, if the bears manage to push below 9.0, then we will be expecting further movement downward.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
RLinda ! GOLD-> Overview of the global situation!GOLD - Overview of the global situation. On the chart I saw the global uptrend and the price movement in the channel, which began fresh formation since 2015. Pay attention to the price reaction to the support of the channel - it is very strong and forms strong movements in one direction or another.
Also, I marked the range 2075-1677, two identical impulses from resistance marked the global range, the price continues to trade in this direction. A pullback to support is forming. And this zone is quite strong, if you consider how the price previously registered on the upward support line (channel support)
The important level on the chart is 1677, which is a huge liquidity zone, and I think that in the mid-term we will see the price reach that area. And after the retest, perhaps, it will start its recovery.
Sincerely R.Linda!
MarketMaking and MarketMaker. What is it and who is it?All participants in financial exchanges can be divided into two categories - market makers, who set the mood in the market, and market makers, private investors with small capital.
Market makers ( they are in minority ) will always manipulate market makers ( they are in majority ).
What is a market maker, who he is, what he does at the exchange and why he is needed?
WHO IS A MARKET MAKER AT THE STOCK EXCHANGE?
This is a professional in the market with very large money, without whom trading is impossible - because this figure is considered a key player in the market and moves the price. Most often, this is the whole financial organization.
MARKETMAKER is the one who creates and maintains the liquidity level of exchange , currency , cryptocurrency , futures instruments , etc.
It is only possible to make transactions on the market through the market maker, who regulates the processes so that the exchange is not dominated by only sellers or buyers.
The MARKETMAKER is obliged to buy even if the market is dominated by sellers and even if it leads to losses. And when the market is dominated by buyers, the market maker must sell in order to balance the market. The main purpose of the market maker is not to make money, but to regulate supply and demand, to maintain liquidity.
CATEGORIES OF MARKETMAKERS
Large commercial banks, but not by themselves, but united in groups: they are called institutional market makers.
Brokerage companies
Dealing centers
Investment funds
Private investors with significant capital.
WHY DO WE NEED A MARKETMAKER?
It stabilizes the market, controls price movements, satisfies traders' demand. And since large financial institutions take on this role, they can be both sellers and buyers.
The market maker makes a huge number of deals every day and ensures the liquidity of assets.
The peculiarity of their work is that market makers can support the quote both in the buy and sell direction simultaneously on the same financial instrument, which makes the price move more smoothly and price gaps disappear.
TASKS OF MARKET MAKERS
Ensure profitable deals for all participants
To maintain sufficient liquidity for any instrument throughout the trading session
To accumulate orders within the instrument being traded
Find and consolidate the best price offers and record them in the price book
Provide all participants with information on current quotes as soon as possible
WHAT AND HOW DO MARKET MAKERS MAKE MONEY?
The best way to make money on the exchange is to be able to correctly predict large price movements and timely open positions in this direction.
No market maker can do it on a large scale, but a small impulse is enough to start the process of a large price movement. And for this market maker first forms a trend in the direction he needs, after which he acts in the opposite direction. Thus, the market maker makes a profit, while other participants lose more or less.
Since market makers are the first to review current orders, they are the first to find out about the emergence of a trend in one direction or another and do everything necessary to balance the market and not allow a large surge of volatility. For the fact that he keeps the market price of the instrument in the predetermined limits, the market maker receives a significant discount on the commissions. And his profit is the difference between the bid and ask prices, which is called the dealing spread.
Because the exchange is interested in maintaining the liquidity of assets, it encourages healthy competition and advocates the presence of several market makers on one floor. It reduces the cost of transactions, increases the speed of transactions and makes pricing transparent. Even the exchange rules often contain a clause that a deal is legal if a market maker is involved, i.e. it is quite a significant and influential market player.
HOW DOES THE MARKET MAKER WORK?
He establishes a connection with his clients through a program, analyzes the market and executes orders of his broker's clients. Often he prefers to work with mid-sized brokers to have the necessary volume of transactions to make money.
Marketmaking. Order-Making and Order-Making.
The function of Order-Making is to watch a particular company's stock and make predictions. Order-taking is to execute traders' orders and take additional profits.
HOW DOES PROFIT TAKING TAKE PLACE?
Like other market participants, market makers can also incur losses, which occurs if a position is chosen incorrectly. But due to the fact that market makers work with large volumes of trades and a large number of clients, they always have an opportunity to cover their losses.
Regards! R.Linda!
RLinda ! EOSUSDT-> Price shake-up and subsequent sales!EOSUSDT on the chart you can see how the price twice tried to break the price channel upwards, but the second impulse only updated the local maximum and then made a false break.
After the surge on the "Pumps" (in fact, a kind of shake-up), the price sells off heavily and goes down to the level of 1.410, the price breaks it and forms a consolidation in the short zone.
I assume that if the price can consolidate in the short zone under this level, then we have the potential for the price to fall. The short-term target is the support of 1.27, the medium-term target is the liquidity zone of 1.155
Regards R.Linda!
RLinda ! GBPUSD-> testing the support zone. What's next?GBPUSD on the chart clearly sees the downward price channel. The price will continue to be in a global bearish trend and it is logical to take the fact that the price will be in the channel for some time, as there are no preconditions to the break of this set-up.
Earlier, the price broke through the consolidation downwards, broke through the first target 1.176 and almost reached the second 1.1600. These levels matter and that is why the price reacts strongly.
I assume that in the near future we may see a pullback from the support zone, there are two key zones - the price channel support and the liquidity zone from the level of 1.1600. The short-term target is the resistance of 1.17600.
Regards R. Linda!
RLinda ! ETHUSDT-> pullback to the resistance. What's next?ETHUSDT We see a manifestation of the strength of the bears, in the last idea I pointed out all the prerequisites for a further fall. The price is trading in a local downtrending price channel and after trying to reach support at 1355, but not reaching, we see a pullback.
I assume since the trend was broken earlier, globally, the bears are strong at the moment and I think the channel resistance and resistance zone may play on further developments.
There are several important liquidity zones on the chart, such as 1355, 1200, 1050 and 915, I assume that the price can head in that direction.
I assume, as we see a pullback on higher volatility to resistance, I think the level will most likely not be broken, I expect a fall. The short-term target is support at 1355.
Regards R.Linda!
RLinda ! EURUSD-> Fighting for the strong zone 1.0000EURUSD. The price is at a very important point lately, which is the zone at 1.0000, which is a global and historically important price.
On the chart we can see how the sellers and buyers are fighting very vigorously for positions relative to this level, while it is impossible to determine exactly who will win.
We have a global downtrend, but there were attempts to break the trend, but when the price approaches the channel resistance - the attempts failed.
I assume, if the price can consolidate above the level of 1.000, there is a huge potential for growth. The nearest short-term target is resistance 1.0194.
Sincerely R. Linda!
RLinda ! EURUSD -> Review for the new weekEURUSD is trading in a global downtrend, currently the price is in the critical zone for the last 20 years. After a false breakdown and a test of 0.99000, the price forms a local rise.
I have drawn a local support trend line on the chart, which shows how price is behaving. We have a local uptrend, but it is under a strong support level of 1,000, it is hard to speculate what will happen next.
I assume that there are high chances that the falling trend will continue, but what the price shows now, can be a precondition for further growth.
Regards R.Linda!
GOLD ! The potential is exhausted. Price in consolidation💤Gold. The price has exhausted its potential after breaking through the resistance of the descending channel. There were attempts to break through the local zones 1795, 1800, 1809, but these attempts failed. The price moves into a flat phase - the phase of accumulation.
The range boundaries may be defined as follows: resistance at the level of 1809 and support at 1765.
Now correction to the support area of the range and liquidity 1765 is forming. I think it is necessary to watch this place (1765.7 zone)
I assume that the price can test the support and then push back and continue its growth. We are not talking about breakdown of resistance now, we are talking about trading inside the range.
Regards R. Linda!