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$BTC basic resistance/support 101. Long Basic concept "Resistance and Support". Using Fib scale as our resistance and support levels. Things to Note Do not ignore the wicks. Do not ignore the wicks!!!! Left to right - White box is start (bottom left) of support bounce to start (Top Right) of a resistance bounce [*) Fib levels are respected - Clear wick action where price is pushed with force in the opposite direction at said levels. Also know as a bounce. If we "bounced" off the bottom Fib level then our next bounce opportunity in the opposite direction is at $29,000
COINBASE:BTCUSD
by Novac404
BTC: "Movement is life, and life is movement"!Hello colleagues! 📊 Weekly BTC/USDT review. There was a strong rally last week with a new December high. Now the price is trading in the weekly block zone, but I expect an update at $21,480 this week (there was an update on the Bybit exchange and CME) and descend to daily zones of interest. 📈Schedule of the day. With such an upward momentum move, the price rarely provides a good entry. If you don't enter the root at the start of the momentum, it will be difficult to find a profitable trade afterward. In any case, it is better to wait than to lose! At the moment, the price has not decided on a corrective movement. There are enough interesting directions after such growth. Three major imbalances (marked on the charts) and prices in the discount market, which I will look at to find entry points for the continuation of the upward movement. And for a deeper correction, the price zone is $17,200. And remember, we trade in probability! ❗️Not a financial recommendation, before concluding a particular deal, analyze the asset yourself.
Long
by mari_trade
How Beginner trader differ from Experienced trader!Experienced traders differ from beginner traders in several ways: Knowledge and Experience: Experienced traders have a deeper understanding of the markets and the various factors that can affect them. They have also been through a variety of market conditions and have a better sense of how to navigate them. Beginner traders, on the other hand, may not have the same level of knowledge or experience and may make more mistakes as a result. Risk Management: Experienced traders have a better understanding of risk management and are able to make more informed decisions about when to enter and exit trades. They also tend to have a more solid risk management plan in place. Beginner traders may be more likely to take unnecessary risks or make impulsive decisions. Emotional Control: Experienced traders have developed the ability to control their emotions and make more rational decisions. They are less likely to let fear or greed influence their trading decisions. Beginner traders may be more prone to making emotional decisions, which can lead to poor performance. Patience: Experienced traders have learned the value of patience and are willing to wait for the right opportunity to enter a trade. They also have the patience to wait for a trade to develop and are less likely to exit prematurely. Beginner traders may be more eager to enter the market and may not have the patience to wait for the right opportunity. Consistency: Experienced traders have a consistent approach to trading and tend to stick to their trading plan regardless of the market conditions. Beginner traders may be more prone to changing their approach based on short-term market movements. It's also important to note that, trading is a continuous learning process and even experienced traders continue to learn and adapt to the market.
CME:BTC1!
by Patrickthe_trader
Key levels for SANOFIThe algorithm is showing a very profitable pattern in SANOFI. First, if the price breaks up we have a clear rally until the top of the channel with a tight stop loss slightly below the break point. On the other hand, if the market is moving down, we should see a break to the downside of the channel, then an easy break of the support and the blue line would be the last support before we see a major correction to 83$, where 3 different patterns are pointing out as a clear support area where demand will come back. Good luck!
EURONEXT:SAN
by TopChartPatterns
BAC - Price Targets & Stop Loss📈 What’s up investors! 📉 Welcome back to another one of 💡“Mike’s Ideas”.💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: ⚪ White = Entry Point 🔴 Red = Stop Loss 🟢 Green = 1.2:1 Risk Reward Ratio 🟡 Yellow = 1.5:1 Risk Reward Ratio 🔵 Blue = 2:1 Risk Reward Ratio 👀 So what are we looking at today…!!! 🚨( BAC ) Bank of America Corporation🚨 Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
NYSE:BACLong
by sststrategy
T - Price Targets & Stop Loss📈 What’s up investors! 📉 Welcome back to another one of 💡“Mike’s Ideas”.💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: ⚪ White = Entry Point 🔴 Red = Stop Loss 🟢 Green = 1.2:1 Risk Reward Ratio 🟡 Yellow = 1.5:1 Risk Reward Ratio 🔵 Blue = 2:1 Risk Reward Ratio 👀 So what are we looking at today…!!! 🚨( T ) AT&T Inc.🚨 Provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides data, voice, security, cloud solutions, outsourcing, and managed and professional services, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband fiber and legacy telephony voice communication services to residential customers. It markets its communications services and products under the AT&T, Cricket, AT&T PREPAID, and AT&T Fiber brand names. The company's Latin America segment provides wireless services in Mexico; and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is headquartered in Dallas, Texas.
NYSE:TLong
by sststrategy
USD/JPY:SELL From Resistance Area - USD ISM Manufacturing SHORTUSD/JPY inside a Strong bearish channel is making Lower-highs and Lower-lows with re-tests on the previous Support areas. Today the US ISM Manufacturing PMI is seen dropping further to 48.5 The US manufacturing sector seems to be a contraction that is set to deepen further at the beginning of 2023, having shrunk for the first time in November after May 2020 when the economy began to recover from the Covid lockdown-induced downturn. In December, the headline ISM Manufacturing PMI is seen lower at 48.5 while the New Orders Index is expected to improve to 48.1 alongside the Employment Index at 49.1. The US ISM Prices Paid component is likely to continue its downtrend, foreseen at 42.5 in December when compared to the previous reading of 43.0. Despite expectations of a softer headline figure, an improvement in new orders could provide the much-needed respite to the US Dollar buyers at a time when the European demand for orders is seen dwindling, with the full impact of winter and the Russia-Ukraine war coming through. Even domestic demand and exports are expected to be badly hit due to the stubbornly-high inflation in the US economy. Our forecast is about a new Bearish impulse today.
Short
by FOREXN1
3