EURJPY UPDATESeeing that this pair has not made any significant move for the week, but the weekly candle is showing that sellers are pushing price to the downside we could still expect a slel off but after a break if the accumulation phase
Howtomakemoneytrading
Crypto Earning Strategies for different depositsToday, let's dive into various crypto earning strategies for different deposit sizes. What can you do if your deposit is less than a thousand dollars? Or what options are available for earning with larger capital?
First and foremost, don’t try to grab everything at once!
There are countless ways to earn, but focus and knowledge are paramount! Time is also a constraint; we can't do it all! Choose a few directions or assemble a team.
Level 1: Deposit Amount Up to $1,000
At this level, you need to boost your capital to $5,000-10,000 as quickly as possible. Don't rely on long-term profits—aim to earn within 2-3 months.
Active engagement can quickly deplete free capital: testnets, nodes, staking, lending protocols, etc. Long-term activities may yield profits only in 9-12 months. Therefore, if your deposit is under $1,000, focus on these activities:
Testnets: Some blockchains offer tester collaboration opportunities before launch. Projects get feedback, and testnet users receive potential rewards.
Ambassador Programs: Help projects grow (design, edit, write articles, create memes) and earn rewards.
Airdrops: Be active during a project’s development stage. Depending on the product (web application, blockchain, exchange), activities may include executing transactions, adding tokens to liquidity pools, minting NFTs, etc.
Testnets and ambassador programs are more suited for Tier-1 projects. For airdrops, focus on Tier-2 and Tier-3 projects.
LayerZero and zkSync cases validate this approach. Users focusing on these projects haven't yet received their drops and might have missed other profitable activities (like StarkNet, Wormhole, and Aevo) due to blocked liquidity.
Level 2: Deposit Amount from $1,000 to $10,000
If Level 1 requires scalability, Level 2 calls for diversification. Users with this financial capability can engage in a wider range of activities, allocating capital to both medium- and high-capitalization projects.
For deposits from $1,000 to $10,000, focus on:
Medium-Term Investments: Buy BTC, ETH, niche tokens, or memecoins. Use platforms for crypto market analysis, on-chain analysis, and other tools.
Tokens: Despite lower ICO profitability compared to 2017, investing in early-stage projects can still be profitable.
Nodes: Earn rewards for participating in blockchain activities. For instance, Celestia node owners earned about 4,500 TIA ($45,000 as of April 2024).
Be active in Tier-1 projects to receive airdrops. A larger deposit allows you to overcome "stagnation" without missing new earning opportunities.
Level 3: Deposit Amount from $10,000 to $100,000
At Level 3, focus on expansion. Don’t try to invent complex earning methods. Users with deposits between $10,000 and $100,000 should perform the same activities but on a larger scale.
Previously, you might have set up a node, performed retroactivities, and participated in ICOs for one project. Now, do the same for 10-20 projects. Focus on other operational tasks:
Risk Management: Take less risk for unlikely events, and more for highly likely events.
Activity Management: Allocate resources effectively, considering trends and project popularity.
Personnel Management: Delegate work to employees.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
---
• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!
Mastering the Trader Skillset: Building a Strong PyramidIn the dynamic world of trading, success hinges on a robust skillset. Imagine this skillset as a pyramid, with each level representing a crucial component that traders must master to achieve consistent profitability. At the base, we have Technical Analysis, followed by Risk Management in the middle, and Discipline and Patience at the top. Additionally, Automation plays a pivotal role, integrating seamlessly across the entire structure. Let's delve into each of these elements and understand how they contribute to a trader's success.
The Base: Technical Analysis
The foundation of the trader's pyramid is Technical Analysis. This involves studying price charts, patterns, and various indicators to make informed trading decisions. Mastering technical analysis is crucial because it:
1. Identifies Trends and Patterns: Recognizing market trends and chart patterns allows traders to predict future price movements, making it easier to enter and exit trades at optimal times.
2. Utilizes Indicators: Tools like moving averages, RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and Bollinger Bands provide insights into market momentum, volatility, and potential reversals.
3. Supports Strategy Development: Technical analysis forms the basis for creating and refining trading strategies, whether they are short-term or long-term.
The Middle: Risk Management
Sitting at the middle of the pyramid is Risk Management, a critical component that ensures long-term survival in the market. Effective risk management includes:
1. Position Sizin: Determining the appropriate size for each trade to limit exposure and avoid catastrophic losses.
2. Stop-Loss Orders: Implementing stop-loss orders to automatically close losing positions before they can significantly impact the trading account.
3. Diversification: Spreading investments across different assets or markets to reduce risk.
By prioritizing risk management, traders can protect their capital and remain in the game, even during periods of market volatility.
The Peak: Discipline and Patience
At the pinnacle of the pyramid are Discipline and Patience, the traits that distinguish successful traders from the rest. These qualities are essential for:
1. Adhering to Strategies: Sticking to predetermined trading plans and strategies, even in the face of emotional challenges and market noise.
2. Avoiding Overtrading: Exercising restraint to prevent impulsive decisions and overtrading, which can erode profits and increase risk.
3. Waiting for the Right Opportunities: Having the patience to wait for high-probability setups, rather than forcing trades.
Discipline and patience ensure that traders remain consistent and rational, avoiding the pitfalls of emotional trading.
The Integrative Element: Automation
Automation in trading acts as an integrative element that enhances every level of the pyramid. It involves using algorithms and trading bots to execute trades based on predefined criteria. Automation benefits traders by:
1. Eliminating Emotional Bias: Automated systems follow strategies without being influenced by fear or greed, ensuring objective decision-making.
2. Enhancing Efficiency: Automation can analyze vast amounts of data quickly and execute trades with precision, improving overall trading efficiency.
3. Consistence: Automated strategies maintain consistency in trading, sticking to the plan without deviation.
By incorporating automation, traders can optimize their technical analysis, streamline risk management, and uphold discipline and patience.
The trader skillset pyramid provides a comprehensive framework for achieving trading success. Technical Analysis forms the sturdy base, enabling traders to understand market behavior and develop strategies. Risk Management, positioned in the middle, safeguards their capital and ensures longevity. Discipline and Patience, at the top, are the hallmarks of professional trading, allowing traders to execute their plans effectively. Automation, interwoven throughout, enhances each component, providing a modern edge in the fast-paced trading environment.
By mastering each level of this pyramid, traders can build a resilient and profitable trading career, equipped to navigate the complexities of financial markets with confidence.
100% TRADERS START WITH DREAM TO GET RICH QUICKHey guys! Do you agree with me?!
It's easy to become charmed by the prospect of making rapid money in the financial markets, yet trading makes almost no one rich – in fact, many individuals lose money*
If you like my graphics, please use Like button 💙💛
* 90% of traders losing money, only 10% get profits. Why?
Here is 3 reasons:
1) Most traders Enter A Trade Too Early
2) Most traders Exit Too Late
3) Most traders Don’t Follow a Risk Management
Here is list my tips to help you to get in profit:
Risk to Reward Ratio is the key to constant wins at tradingI love writing those articles on my Blog, mainly because I learn from reviewing my trades & secondary for the value it gives back to the trading community.
I been preaching Trading is simple but not easy. It is based on following a winning trade plan. & how do you find such a plan? Try & fail, Try & succeed there is no other way. There is the possibility of a generous soul teaching how a winning strategy & thats what I hope to do in this article. I will share 2 rules
Rule number 1 Always trade the bigger picture.
Find out what the bigger picture chart is doing & trade based on that. In this trade am placing my trade decision in the (W) chart the top chart in white. My bigger picture chart is the monthly (M) not shown. And the chart I use to time my enter & exit is the Day chart (D) below in Black
Rule number 2 Risk to Reward ratio,
This should be rule #1 but I placed it as number 2 to add importance to the rules of trading the bigger picture. Aim for a Risk to Reward ratio of 3 to 5. This means you asses the Risk (how. much money you can loose) before you asses the Reward (how much money you can win).
In this trade, the bigger picture chart (M) is in a downtrend. The trading chart (W) comes into untested Supply Zone (SZ) with a Risk of less than a dollar. I take my SHRT in the red Circle
The reward is 4-5 dollars per share, mostly due to a price free fall zone, with little Demand zone (DZ) to challenge the price. I took profit at two point marked by the red X in the Daily chart.
There are odd enhancers as to why I took this trade, but they are outside the scope of this blog. If you like to learn more about my winning trading strategy that I been practicing for 11 years. Follow my Blog & learn to trade smarter.
Magic of Fibonacci Levels ✨In the realm of technical analysis, few tools capture the imagination of traders as effectively as Fibonacci retracements and extensions. Derived from the famous Fibonacci sequence, these levels offer insights into potential price reversals, extensions, and trend continuation points. In this article, we'll delve into the world of Fibonacci levels and explore how to use them to enhance your trading decisions.
Understanding Fibonacci Retracements:
Fibonacci retracement levels are like hidden treasures ✨ along a price trend. These levels, calculated from a swing high to a swing low, create horizontal lines that indicate potential support and resistance levels. The most common retracement levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
How to Use Fibonacci Retracements:
Identify a Trend: 📈📉 Begin by spotting a clear trend, either upward or downward.
Select Swing Points: 🏞️ Locate the pivotal swing high and swing low within the trend.
Plot Fibonacci Levels: 📏 Put those retracement levels on your chart, and watch as they highlight potential support or resistance areas.
The Application:
Support Levels: 💪🛡️ During an uptrend, traders often see retracement levels as potential buying zones.
Resistance Levels: ☔ In a downtrend, these levels can be seen as possible areas to consider short trades.
Understanding Fibonacci Extensions:
Fibonacci extensions act like a crystal ball 🔮 projecting potential price targets or levels where the trend might extend. Extension levels include 161.8%, 261.8%, and 423.6%.
How to Use Fibonacci Extensions:
Identify a Trend: 📈📉 As with retracements, spot a well-defined trend.
Select Swing Points: 🏞️ Determine the significant swing low and swing high within the trend.
Plot Fibonacci Extension Levels: 📏 Add those extension levels to your chart, projecting potential price targets.
Few examples :
The Application:
Projection of Trend Continuation: 🚀 Fibonacci extensions hint at where a trend might continue in its existing direction.
Price Targets: 🎯 Traders often utilize extension levels to pinpoint potential price areas before a reversal might occur.
Conclusion:
Fibonacci retracements and extensions are like wizardry in the trader's toolkit. By grasping these levels and their applications, traders can create more informed strategies for entry, exit, and target levels. Remember, while Fibonacci levels are magical, they work best when combined with other technical indicators and chart patterns. As with any trading strategy, practice, experience, and risk management remain essential. With careful consideration and diligent analysis, Fibonacci levels can sprinkle a touch of enchantment to your trading endeavors. 📊✨
Catching Falling Knife Series= "IZMO"In this Knowledge Nugget, I have explained logic behind my own trade in "IZMO" which rallied 50% + from its swing low in just days. I am found of entering such stocks for one round of buying at support level with my own set up logic.
This is for educational purpose & please do not copy this trade without understanding risk & position sizing.
The Secrets of Making Four Figures Through Trading. The secrets of making four figures through trading.
In this Trading view Post, we will explore the key strategies and considerations that can significantly enhance your swing trading results. As a forex coach specializing in this trading style, I'm excited to share valuable insights and empower you to achieve your financial goals.
Small Accounts are Out, Prop Firms are In
Problem : Insufficient Earnings with Small Accounts
Solution : If you aspire to make four figures, it is essential to trade with five figures. Turning $100 into $10,000 or $500 into $100,000 is much quicker and more feasible when you have a larger capital base. With a prop firm, you can afford to trade less frequently and prioritize quality over quantity, eliminating the struggle often associated with small account trading.
Implement a Proper Risk Management Strategy
Trade with Skill, Not Luck
To safeguard your capital and increase profitability, it is crucial to limit your risk on each trade to no more than 1%. This approach allows you to rely on your trading skills rather than luck. Remember, success in trading is a result of consistent and disciplined decision-making.
Consistency in Risk Allocation
Maintain a consistent 1% risk level as your account grows. As your balance increases, the amount of money you risk will grow proportionally. For example, if you start with a $100,000 account, you would risk $1,000 (1% of $100,000). As your account balance reaches $101,000, your risk would be $1,010 (1% of $101,000), and so on. Consistency in risk allocation ensures that your percentage risk remains the same while adapting to account growth and drawdown phases.
Leveraging Position Sizing Based on Account Size
Your position size, or lot size, plays a critical role in determining how much you value each pip movement. It is essential to find the right position size to prevent excessive drawdown or losses that can jeopardize your trading account. Position sizing calculations consider your account balance, percentage risk, and stop-loss levels.
For instance, if your stop loss is 30 pips and you have a $10,000 account, your position size would be $100 (1% risk) divided by 30 pips, resulting in $3.33 per pip. Your lot size will be 0.33 per pip . By maintaining consistent risk management practices, you can aim for profitable trades while preserving capital.
Focus on Higher Reward-to-Risk Opportunities
Problem: Losing Trades Depleting Capital
To sustain long-term profitability, it is essential to prioritize trades with a higher reward-to-risk (RR) ratio. Winning trades compensate for losing trades and help you overcome drawdown phases. Avoid subpar trades that you force or that fall below your minimum RR requirements.
Strategies to Achieve Higher RR:
Multiple Timeframe Analysis: Shorten Stop Loss
Analyze multiple timeframes to identify strong trade ideas. Once you've determined a suitable trade on a higher timeframe, drop down to lower timeframes to tighten your stop loss. This approach allows you to manage risk effectively and maximize your RR ratio.
Utilize Higher Timeframes or Tools: Extend Take Profit
When dropping down to lower timeframes, refrain from shrinking your take profit target. Instead, utilize higher timeframes or tools like Fibonacci to extend your take profit level. By setting reasonable profit targets, you increase the potential for achieving higher RR trades.
Main Talking Point 3: Quality Trades and 4-Figure Trade Planning
Problem: Inconsistent Trading Results
Solution: Trading with a focus on quality trades offers numerous benefits. By targeting high-quality opportunities and planning trades effectively, you can profit during trending markets, reduce mistakes, and avoid the need to chase after four-figure profits.
Commitment to Make 4 Figures & Stay Under Drawdown Limits
Plan Weekly and Allocate Resources
Plan your trades every Sunday to determine the potential profit or loss for each trade. Identify high-quality opportunities and allocate 1% of your capital to each trade. Assess if each opportunity meets your minimum RR requirements and if it brings you closer to achieving four-figure profits.
Example: $10,000 Account
Suppose you risk $100 on Trade 1 and make $333 (3.33% return), followed by risking $103.33 on Trade 2 to make $516.65 (5.16% return). After two trades, you have earned $849.65, representing an 8.49% increase in your account balance. Continuously monitor and adjust your trades to maintain profitability.
Is this possible? Yes!
Is this easy? No!
Why? Because you'll have to get out your own way and head to make this possible.
While achieving consistent four-figure profits through trading requires dedication and skill, implementing the strategies discussed in this post can significantly enhance your chances of success. By trading with a prop firm, implementing proper risk management strategies, focusing on higher RR opportunities, and prioritizing quality trades, you can navigate the dynamic world of trading with confidence and boost your financial growth. Remember, trading success comes from discipline, continuous learning, and a well-defined trading plan.
Best of luck on your journey to four-figure profits!
Shaquan
Hey! If you found this post valuable like the post and let me know below what was your takeaway❤️
Secret of Success in Trading: Patience, Emotions, Psychology
I vividly remember how I started to trade 8 years ago, how I was learning, and the things that I was doing.
Contemplating my old self, I notice a dramatic shift in my mindset in regard to trading.
Staring at the charts and desiring to make money on price action, I wanted to become a consistently profitable trader. Making the priorities, I decided to sacrifice my time on studying technical analysis, totally neglecting trading psychology and risk management.
Learning different trading strategies, I always came to the same result: the account went blown and nothing seemed to work.
Strategies of fancy traders on YouTube, strategies from best-selling books on Amazon, nothing could produce any penny.
Not giving up and pursuing my ultimate goal, I came to the conclusion that I set my priorities absolutely incorrectly.
To be honest, I always thought that trading psychology (like psychology in general) is s*cks. Moreover, I considered risk management to be kind of obvious, banal topic not deserving much attention.
Learning risk management techniques, applying them in day trading, I finally saw a glimmer of hope.
Reading a dozen of books on trading psychology, contemplating my mistakes, and observing my behavior I noticed so many wrong, incorrect things that I did on a daily basis.
With time and practice, my mindset shifted.
I realized that most of the strategies that I applied and that seemed losing to me, in fact, were decent.
It turned out that mastery of technical analysis is not enough for profitable trading. Instead, that is just a tiny part of what must be learned.
Now, when my students ask me about the most important things to learn & study in trading, I always say:
trading psychology and risk management go first, technical analysis is the secondary.
❗️ Do not neglect these topics and give them due attention. They are an essential part of your success in trading.
🤔 Do you agree with the pyramid that I drew?
PART 2 I LIVE ORDERFLOW TRADINGTHIS is the part 2 of live orderflow trading. ive been trading the market for past 12 to 13 years. this is one of my biggest kept secret
Using Multi-Time Frame Analysis To Find Key Levels That MatterDo you find yourself drawing too many levels on your charts?
Do you struggle to know which levels that actually matter for trading decisions?
Do you wonder why price moves straight through some key levels and not others?
This video will show you how to analyse a stock using Multi-Timeframe Analysis techniques to find the key levels that actually matter for trading, and how to quickly find the most important levels where price is likely to react.
How to trade Support and Resistance levels? BINANCE:BTCUSDTPERP
Support and resistance levels - are price areas on the chart where the price has ever changed its direction. This place always attracts traders, because near the levels there are obvious places for setting stop losses and entering a trade. Also, there are always limit orders of large buyers or sellers near the levels.
We can say that the level is the price area in the market, where traders consider the price to be too high or too low, depending on the current market dynamics. Therefore, it is always important to pay attention to key levels at which support and resistance have reversed roles or there has been a strong price rebound. We can designate support and resistance levels as the place in the market where traders are more willing to buy or sell, depending on current market conditions. This creates a collision zone between buyers and sellers, which often causes the market to change direction.
What are levels?
Support level is an area on the chart with the potential strength of buyers. The moment when buyers enter the market. The resistance level is an area on the chart with the potential strength of sellers. The moment when sellers enter the market with a large volume, which allows them to take advantage of the buyers and stop the price increase.
When the price breaks the support level, the support becomes resistance.
Conversely, if the price breaks through the resistance level, the resistance becomes support.
- On higher timeframes, support and resistance levels gain more strength. It is important to pay attention to the nature of the price movement from the level:
- If the price immediately turned from the level into the opposite trend, then this level can be considered significant.
- If the price tests a certain area several times, making a small pullback, most likely, this level will be subsequently broken.
How to draw levels on the chart?
Support and resistance levels are not lines on the chart, but areas or zones. No need to try to draw them exactly according to the shadows or bodies of the candles. Strive to achieve the maximum possible number of price touches of the levels. This will usually require you to move the level up and down until you find a spot where the market touches that level the maximum number of times.
You do not need to rewind the chart far to mark all the important levels. Most often, traders look only at the current monitor screen. Therefore, 100-150 candles will be enough. Most of the levels you will need will be based on price action over the past six months.
Focus on key levels that are immediately visible. Don't draw too many levels on the chart. Try to keep only the main ones and discard the secondary ones. If you find yourself wasting too much energy looking for levels, you are probably drawing more levels than you really need.
How to use support and resistance levels in trading?
A level is a place for a possible entry into a trade. If an additional confirming signal appears at the level, you can think about opening a position. Stop losses are placed by levels and possible targets for profit fixation are determined.
In books on technical analysis and on the Internet, you can often read that the more often the price tests the level, the stronger it is. But this is a gross mistake. In fact, the more the price touches the level, the weaker it becomes.
Imagine that we have a support level. The price bounces from this level because there are buyers in the market. If the price often returns to the level, this means that buy orders are gradually being executed. And when they are fully executed, then who will buy? Therefore, when there are no buyers at all, the price breaks through the level.
It is important not to forget that support and resistance levels are, first of all, zones, and not exact lines on the chart. Otherwise, you may encounter two problems in your trading: the price does not reach the level and the price goes beyond it.
When the market gets close enough to the level without hitting it, you may miss the trade because you were expecting a trading setup to appear exactly at the level you chose.
In a situation where the price goes beyond the level, you think that the level has been broken out and you try to trade the breakout, but this often turns out to be a false breakout.
How to solve these two problems? Very simple. Always treat support and resistance as zones on your chart, not exact lines.
How to find out what will break the level?
As we already know, support is an area with potential buying pressure. Therefore, when the price approaches the support level, it should turn into the opposite trend. But what if this does not happen and the price starts consolidating at the support level?
This is a sign of weakness as the bulls are unable to forcefully push the price up. Or there is strong selling pressure in the market. In any case, this situation does not look optimistic for the bulls and the support will probably not be able to resist.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
* Look at my ideas about interesting altcoins in the related section down below ↓
* For more ideas please hit "Like" and "Follow"!
GBPUSD Follow up Analysis and education 12-02-2022This is a follow up analysis for the GBPUSD. what we saw last week from the technical perspective was price going up to fill up liquidity before heading down. fundamentally, the news impact from the US and earlier raised interest rates from UK Caused lots of mixed sentiments and reaction
in the market.
If price breaks the demand zone below, we can expect the price to fall further, otherwise lets look for swing term sell opportunities. Let us trade with caution. Lets go take some risks, lets go make some money.
How To Spot and Use Liquidity Zones In Your TradingIn this video we show how you can easily spot where liquidity is on a chart and how to use this information to profit from in your own trading
Of course for a successful trading strategy, this is only a small part of the puzzle and you will need to add many more aspects of analysis.
Please LIKE, SHARE & COMMENT on this video to show your support.
Let me know if you have any questions below!
Ethereum AnalysisHi traders!
Ethereum has made new all-time high. It’s good news, but we are sure it is able to cost much more. Some reasons make us understand that ETH is one of the most important coins of future. The algorithms of ETH are strong and safe. Moreover, they are being updated very often.
The last update has changed the ETH in the root. The consensus PoW (Proof-Of-Work) was changed to PoS(Proof-of-Stake). Thus, ETH network doesn’t need miners with powerful GPUs anymore. Performance of ETH is provided by ETH holders. The next update “London” (approximately July 2021) will add the innovative feature - after the trade part of Gas will be “burnt”. It’ll make the price action more stable and predictable.
So, we've found the most probable scenarios for you. Have a look at them.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
BEAM Indicator From ScratchHi, traders!
BTC today makes many people nervous, especially freshmen. That's why we decided to tell you about one of the easiest to use indicators - BEAM.
BEAM helps identifying times when buying and selling Bitcoin are the most probable to be profitable. It’s extremely easy to interpret and understand its signals. In general, BEAM divides the price of Bitcoin at any given moment to a moving average of past prices. This makes price trends more clearly visible.
The BEAM parameters are easy to tune. You can adjust the cycle length, the asset divisor as well as buy and sell thresholds.
There are three types of zones. A green buy zone indicates that it would be wise to buy. A red sell zone makes clear that selling might be a good idea. A gray hold zone signals that it is advisable to keep on holding even if the price already seems rather high.
BEAM works with other crypto currencies that are at least 3-4 years old, because they are highly correlated with Bitcoin itself and follow Bitcoin’s cycle.
The BEAM indicator is not meant to be used to make buy or sell decisions on its own. It should be used as one tool among many in a big arsenal of indicators and other types of signals. BEAM has no absolute predicting power. There is no 100% guarantee that it will still work in future. Indicators and models can only be constructed retroactive. As the future is not fixed, they always fail to work after some time.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Bitcoin Forect Or Small Strokes Fell Great OaksHi traders!
All of us were a bit shocked by the BTC price action. Frankly speaking, we didn’t expect such rapid price fall. Nevertheless, we find it kinda normal. Come on, it’s crypto! Any trader should be ready for the worst, you know. But, if we tell you that this price action is kinda normal thing and we have already seen such fells in past?
As you know, there is the thing that’s called option. Every month, approximately in the middle, the price falls rapidly and makes all of us a bit nervous. However, let’s have a look at the plot. As you see, we have 18-27% down swing every approximately every month last year. It’s not profitable for option issuers to sell BTC by the price that’s smaller than the market. February, March and now – April, the same pattern, the same stress.
How do we see the future price action?
We are expecting of consolidation on 51200$(approximately 0.236 Fiba level). Why? Cause we have a strong support level here, that’s confirmed by previous price action. Moreover, it’s confirmed by rejection from it of today’s “dead candle”. After it, we are expecting the growth and breaking up the 0.5 Fiba and consolidation near 0.618 Fiba (for about 67000$). We are still bullish and believe in BTC great future.
Wyckoff Reaccumulation ChreatsheetHi traders!
Today we gonna show you some alternative patterns of Wyckoff reaccumulation. Hope, you'll find it useful!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Bitcoin is about to growHi, traders!
Today we gonna speak about the potential scenario of Bitcoin.
Have a look at the plot. As you see, the price has built triangle pattern. Price consolidates near 0.618 (60125$) Fibonacci level. Moreover, it has found support on this level. It’s very powerful signal of bears’ weakness. That’s why we have two scenarios. Let’s talk about them.
Fibonacci Extensions From ScratchHi traders!
Evidently, every trader understands the importance of defining the trend with its support and resistance levels. Unfortunately, sometimes it’s kinda difficult or even impossible to do with basic tools. Nevertheless, traders have fixed the problem and evented some indictors that are able to solve this problem. One of them is Fibonacci extensions .
Fibonacci extensions are a way to establish price targets or find projected areas of support or resistance when the price is moving into an area where other methods of finding support or resistance are not applicable or evident.
As you can see, Fib Extensions is some kind of ratios.The ratios themselves are based on something called the Golden Ratio.
How to build Fib Extension?
During the up trend you should initialize the point of previous lower lower. Next point is the higher high and lower low again. The points should be consistent.
"Trade what you see, not what you think!"... and try to find multiple-100s of pips, even in over-manipulated junk such as the USDCHF.
Let's see if it's possible...
The title chart is the USDCHF Monthly, as it stands at the end of this quarter - 03/2021. What is the story here?...
It appears that this pair is rather predictable and has been obeying all the major support/resistance levels (PRZs), going as far back as one cares to look;
It is also clear that this pair continues to do so despite the relentless manipulation (money printing) of the SNB;
That massive 42.5% jump of the CHF vs. the USD, between 2009-2012 (which has not been recovered since), ...
... back when the whole world seemed to come apart ("The Great Financial Crisis" + European Sovereign Crisis), the Swiss Franc still remained one of only two, true Safe Haven currencies in the entire world! (beside the Japanese Yen and despite every imaginable liquidity constraint.)
Fast forward to the Covid Pandemic ...
... and the Franc did it's thing , once again, with an immediate +11.5% rise versus the USD, again, in what appeared to be the end of the (financial) world. However, several more things are noteworthy during this period;
- Had the SNB paid attention, they would have already known (or at least expect) that the support zone which formed back in 2014, at 0.8750, and which prompted a strait and virtually immediate -17.5% slump in the Franc vs. the Dollar, would stop and hold back the continued and "uncomfortable" advance of the Franc, this time around, as well; (The decision makers at the SNB are no different from the rest of clueless bureaucrats, typical for any other Central Bank lackey, anywhere else in the world. The only difference may be that they tend to have longer-term mandates and tenures.)
- Had they paid attention they also would have found it to be unnecessary to increase the printing of the Franc by a whopping +29% month-over-month (CHF60 Billion per), right into oblivion, or at least until they shot strait to the top of the pile and became one of the largest public investor in the Nasdaq100, scrapping 800+ years of Swiss tradition and thus tying Swiss fortunes to the likes of Apple and Netflix.
- Had they paid attention to their own history and tradition, they would have also realized a couple of fundamental truths;
1) No amount of printer ink will stop the worlds love affair - well in excess of Swiss GDP - with the Swiss Franc, any time when the the end of the world is nigh; (I.e. The reliance on Swiss resilience and frugal nature.)
2) With a Swiss ruling class (top 5%) having more wealth than any other nation on earth (in relative terms), reclusive, invisible and may be even boring as they may be, they will have their Central Bankers' heads on a pike (all the heads on one pike; The Swiss are frugal) way before any of them can do permanent or even lasting damage to the Swiss Franc and well before they can all shout "Mein Gott!" (or "Mon Dieu!", dependent on the particular central banker's regional origins).
Just in case should any of the above appear to be idle speculation, here is a gentle reminder; Does anyone recall Jan. 15, 2015? - When the SNB unceremoniously pulled the peg to the Euro, without any further (or previous) ado! Enough said.
The Franc has been in a heavy uptrend vs. the USD even before the Covid Pandemic;
Moving on...
As it currently stands (at the end of March, 2021) the top three FX Carry Trades are;
USDCHF
USDJPY
EURUSD
... in order of skew - lopsidedness. (check the C.O.T., FX positioning, etc.)
The Euro most likely being a transient phenomena , much like the ad-hoc, incompetent, protectionist, paradoxically conceived unionist nightmare of a Trans-national alliance which issues it... Not a factor. (The next, not-too-distant Euro-crisis will have to attest to that.) - And, as always, that leaves the Japanese Yen and the Swiss Franc, once again, as the only remaining Safe Haven currencies of any gravitas.
Clearly, liquidity is a determining factor here and that leaves the Yen as the only Safe Haven currency with any substantial (i.e. Global) shock absorption potential, as this chart should underline the notion;
- As for the Swiss Franc... For one, this Monthly Chart illustrates several of the above catalogued fundamental thesis. Simply put, the USD was an obvious and helluva buy vs. the CHF, ever since following the Euro Zone's Sovereign Crisis where, in crisi-upon-crisis, end-of-the-world situations (such as a Pandemic), the obvious maximum pain-threshold of the Swiss National Bank lies in the 0.8750-0.8800 area vs. the USD.
Clearly, that is the area where they are likely to go all-in, given any prolonged future appreciation of the Franc vs. the USD.
The rest of the fluctuations in this pair are simply the product of the musical chairs methodology applied as (or rather: instead of) the"economic stability" mandate of the 18 or so Central Banks around the world which may be soon to be the proud parent/owners of 60% of the world's newly socialized, Soviet-style economies. - And, as has been established above, this pair presently being one of the premier Carry Trades.
So, what is the play here, if any?...
Having established somewhat of a fundamental picture, what are the technicals here?
The Weekly Chart;
... clearly shows that the CHF tends to move (or rather: be moved by the SNB) in strait, predictable drives, respecting Quarter Point targets along the way. (OK, so the Swiss are anal. What a shock!)
This whole technical picture stands the reason since all movement here, in this no-man's-land, is due to the whole civilized world continuously and relentlessly purchasing the Franc, day in, day out, from sun up to sun down, until the SNB wakes up and decides to push back by running the money printing press to the tune of CHF60-80 Billion at a pop - per month. E.g. There was that textbook ABCD pattern (World buying, SNB printing/selling; Rinse and repeat.), including it's "mandatory" 61.8% retracement. However, after which all potential ensuing suspense was interrupted by the outbreak of the Covid Pandemic, sending the Franc on an immediate 900 pip, +9% initial tear and well before any of the SNB peons could ever make it back into the office.
Of course that support zone between 0.875-0.9000 having been in place for the better part of 7 years, no great surprise that it caught that strait, end-of-the-world tear the Franc was on by forcing the SNB to go all-in at that point. (At which point you have also naturally unloaded, with both hands and eyes closed, on the Swiss Franc while front-running the SNB, even if you had to mortgage your unborn children to a local loan shark just so you could short more of the Franc and to load up endlessly on the Dollar, right?! - Good job!)
But what if, due to unforeseen circumstances, that initial 600+ pip free-ride was missed, all the way from 0.8750 to the present day 0.9400 level? Now what?
First of all, there is a perfectly formed Cypher working here - still on the weekly - with it's C-D leg consisting of an also a textbook 3-Drive, already having cleared the first two Fibonacci levels of it's three legs
... while heading strait for a major confluence(resistance) zone, naturally coinciding with the Cypher's PRZ (Potential Reversal Zone).
That confluence zone between 0.9500 -0.9650 consists, at a minimum, of;
2 year, descending Trend Line;
The (descending) Monthly 20 EMA;
The (descending) Weekly 50 EMA;
The 3rd (and final) Fibonacci extension of that weekly 3-Drive;
The (descending) Daily 200 EMA;
E.g. It is reasonable to assume that this pair will have difficulty to get above that 0.9600-0.9650 level, in no small part due to the already extended +8%, 34 (Daily) period strait rise which would take it up there.
Secondarily, it was established earlier that the USDCHF pair is currently in a Major Down Trend according to the Quarterly and Monthly charts, and in a strong Minor Up Trend due to the Weekly + Daily charts.
Put it all together and the first leg of this Counter-trend Trade points to a M.U.T. (maximum upside target) 0.9650 . That is the Exit for the First Leg .
As for the Entry for the First Leg ;
As it happens, this pair has just completed a Bearish Shark (harmonic) formation on the 4 hr. chart with the pair reacting to the PRZ, much as expected.
The expected retracement of this harmonic to it's First Price Target around 0.9340 , coinciding with the 4 hr. 20 EMA, is reasonably expected to provide a clean Entry for the first leg of this trade with a very favorable risk/reward ratio.
(There are reasonably reliable methods by which to enter trades, such as this up-leg, with constrained risk levels;
... but that's an entirely other conversation.)
Finally, put it all together;
... and this is what one is looking for here:
The up-leg of a counter-trend(!!) trade;
Entry: 0.9327-0.9317;
Target- Exit: 0.9560-0.9580;
Risk/Reward: 1:17.5;
Number of pips: 250;
Total expected trading period: 115 hours (4.8 days);
The End Game
Should chance favor the above plan/analysis/Trade Setup/outcome, that would bring a planned entry into the Primary (trend-wise; Down) Leg the forefront. (One has to cross bridges as they present themselves.)
In that case, one would expect a strong and immediate reaction in the PRZ of the (by then) valid Cypher on the weekly chart - which, if valid, is normally a very strong and reliable harmonic.
... and this is what one would be looking for, in that case:
The down-leg of a in-trend(!!) trade;
Entry: 0.9620-0.9640;
Target- Exit: 0.9200-0.9190;
Risk/Reward: 1:15;
Number of pips: 400-450;
Total expected trading period: 7 weeks (~70 days);
Note
The USDCHF currently being one of the primary carry trades , this pair's trajectory has far(ther) reaching implications for U.S. and Global equity index positioning - also referred to as: Risk On/Off.
Furthermore, due to the notable liquidity constrains of the CHF vs. it's peers, this pair is an instructive barometer on which to measure the ever-present state of the global game of musical chairs, staged by the various Central Banks of the world.
SXP/USDT : bullish flag and a breakout from resistance zone BINANCE:SXPUSDT
Hello everyone 😃
SXP has been formed a bullish flag here, Also SXP had a breakout from resistance zone and bearish trendline.
Now we expect a bullish breakout from flag and upward movement to higher resistances.
By the way EMAs had a bullish crossover !
🔴 Below resistance zone will invalidate the movement.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
ETH/USDT : Retest on Pivot point and supply zone !BINANCE:ETHUSDT
Hello everyone 😃
ETH had a retest on Supply zone ( ETH did this Retest for 2nd time ! ).
ETH is moving into Bearish Wedge, But it's to early to consider it as Bearish phase.
Now ETH have more space on Funding Rate and makes it more Bullish than Before !!
🔴 As ETH is Above 900$, target is 1350$ or more...
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
