Why am I buying cryptocurrency right now?Hello Traders and Investors. I hope you are doing well.
In this article I want to show you one cool idea. This idea refers to the long-term plan of the cryptocurrency market.
On the chart you can see one of my additional indicators. This development allows me to determine the overbought and oversold levels of the cryptocurrency market.
If green columns appear on the histogram, this indicates a strong overbought market and the best time to buy cryptocurrency. Conversely, if the columns are red, it is time to start reducing your risks and prepare for a strong correction or the beginning of a bear market.
As you can see, the system has been talking about a strong oversold market for the last months. If you decide to buy cryptocurrency, this is a great opportunity (not financial advice). But I personally have already started buying cryptocurrency and at the moment I am using one of the best strategies for this period - the DCA strategy.
You can check for yourself how well the system worked in the past. You can say that now is a different time, there is a crisis in the world, etc., but it has always been like that, believe me, I remember very well the bottom of 2018, or the COVID drop of 2020. In such periods there was always a lot of bad news and fear on the market. This is normal.
In addition, I analyze many other technical and fundamental indicators (SOPR, LTH & STH realized loss/profit, liquidations etc.) and they all say that the market is quite undervalued and oversold. And this is evidenced not only by the indicators of the cryptocurrency market but even by the indicators of the stock market.
Friends, I will be very happy if you like this idea and subscribe to me. It will be the biggest gratitude for me and an incentive to make even more cool content for you. 💚💚💚
Indicators
BRIEFING Week #50 : Yield Curve says we will DIE !Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Bitcoin SV BSV prediction for the end of the yearpreviews chart
BSV/USDT short
Entry Range: $44.50 - 46
Price Target 1: $41
Price Target 2: $38
Price Target 3: $35
Stop Loss: $51
How Bollinger Bands work and their best parametersJust a reminder...
A Bollinger Band resembles a moving cylinder with three lines.
A top, middle and bottom line.
These three lines are plotted on any chart and you’ll see the price of the markets moving in-between these levels.
When the price crossed above the middle line, the trend is up.
When price moves and stays below the middle line, the trend is down.
There are three parts to the Bollinger Bands. Upper, Middle and Lower Bollinger Band.
Here are my parameters…
The length (20) , shows you the Moving Average of the Middle Bollinger Band. Which in this case is 20 MA and is shown in the chart as the orange line…
The Source tells us we are using closing prices in the chart…
That means, when the JSE All Share Index closes for the day – that is the closing price that will be used for the BB.
StdDev is 2… Bollinger Bands are envelopes that base a Standard Deviation above and below a simple moving average of the price.
Because the distance of the bands is based on standard deviation, that’s why we are able to see a symmetrical envelope around the price…
Most Bollinger Bands parameters are set to 20MA and 2 Standard Deviations on most charting platforms.
But now you know what to set it to, to maximise your usage...
If you have any questions about indicators feel free to ask. I've been in the markets since 2003 and enjoy sharing information...
Trade well, live free.
Timon
MATI Trader
Markets Using the Insync IndicatorInsync Trading: Analysis of the Markets Using the Insync Indicator
Insync Trading is a system that uses the Insync Indicator to help traders analyze the markets. The Insync Indicator is designed to help traders keep track of price trends and volatility. The indicator can be used to help traders make informed trading decisions.
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What is the Insync Trading indicator and how does it work?
The Insync Trading indicator is a technical analysis tool that is used to identify potential buying and selling opportunities in the market. It is based on the idea that price and volume are interconnected, and that when there is a large volume of trade at a certain price level, it is likely that the market has reached a point of equilibrium. The Insync Trading indicator can be used to identify these equilibrium points, and to generate trading signals accordingly.
How can the Insync Trading indicator be used to analyze the markets?
The Insync Trading indicator can be used to analyze the markets in a few different ways. Firstly, it can be used to identify when the market is in a trend. Secondly, it can be used to identify when the market is in a consolidation phase. Finally, it can be used to identify when the market is in a ranging phase.
What are the benefits of using the Insync Trading indicator for trading?
The Insync Trading indicator is designed to help traders make better trading decisions. It does this by providing information about the current market conditions, and by indicating when a trade is likely to be profitable.
The Insync Trading indicator has a number of benefits:
It is easy to use. The indicator is simple to understand and easy to apply t0 your trading strategy.
It is accurate. The indicator has been tested and proven to be accurate.
It is reliable. The indicator is reliable and consistent, giving you accurate information every time you use it.
It is updated regularly. The indicator is updated regularly, ensuring that you have access to the latest information about the market.
It is affordable. The Insync Trading indicator is affordable, and it is a valuable tool for traders of all levels of experience.
It is flexible. The indicator can be used for a variety of trading strategies, giving you the flexibility to adapt it to your own trading style.
It is the best indicator for trading. The Insync Trading indicator is the best indicator for trading, and it can help you to make more profitable trades.
The Insync Trading system is a great way to keep track of price trends and volatility. The Insync Indicator is designed to help traders make informed trading decisions.
Visa - Weekly analysisIs this a fakeout or is this a breakout. Wondering why ex speaker would sell all of her shares? Not entering until I see price action, break above recent highs outside channel or a break back down below the channel. Will zoom in for entry.
Overall, We could see a green day tomorrow due to the fact we had 4 red selloff days in a row... so probability has it a 5th could go green. Waiting to see a bounce but ready to take some more puts tomorrow as I see price action happen real time.
Indicators are lagging, you want to see price action, market psychology, market structure, gaps, imbalances, and use all the tools available to make a good trade!
Trade safe have fun!!
Like and comment for more!
NFLX Following the channel here with Higher Highs and Higher Lows show bullish movement of NFLX, however I plan on a Short term ride back down to lower trendline indicated here and will enter when I get full confirmation with RSI crossing back down as in previous others shown by arrows. What do you think??
Trade safe and have fun! Follow me on my voyage from 1k to 10mil! Navigating stocks instead of ships! Cheers!
👑 THE UNCROWNED BEST INDICATORS PT.1That's the Part.1 of my collection of Uncrowned best indicators for trading.
I choose to call this post " uncrowned " because these indicators are firstly free resources and second well utilized and combined are much better than most of the paid indicators.
Often the best indicators are forgotten just because seem too basic or have no marketing behind them.
I can assure you, the top perform algorithm traders at least use for sure one of these 5 indicators. ( or more.. )
Making a great algorithm requires time to find the right combination of indicators and patience in backtesting.
If you don't know some of these indicators, I suggest you have a look, you can find them for free here in Tradingview.
N.1 AROON
The Aroon indicator is a technical indicator that is used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't.
The indicator consists of the "Aroon up" line, which measures the strength of the uptrend, and the "Aroon down" line, which measures the strength of the downtrend.
The Aroon indicator was developed by Tushar Chande in 1995.
Here is an Idea of how to use it, very basic. You can combine this indicator with your own favorite ones to create your best strategy.
Check the settings to find the right setup.
N.2 STOCH RSI
I personally love The Stochastic RSI. This indicator as the normal stochastic shows ranges between zero and 100 and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold.
The StochRSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change.
The StochRSI was developed by Tushar S. Chande and Stanley Kroll and detailed in their book "The New Technical Trader," first published in 1994. While technical indicators already existed to show overbought and oversold levels, the two developed StochRSI to improve sensitivity and generate a greater number of signals than traditional indicators could do.
The StochRSI deems something to be oversold when the value drops below 20, meaning the RSI value is trading at the lower end of its predefined range, and that the short-term direction of the underlying security may be nearing a low a possible move higher. Conversely, a reading above 80 suggests the RSI may be reaching extreme highs and could be used to signal a pullback in the underlying security.
Along with identifying overbought/oversold conditions, the StochRSI can be used to identify short-term trends by looking at it in the context of an oscillator with a centerline at 50. When the StochRSI is above 50, the security may be seen as trending higher, and vice versa when it's below 50.
The StochRSI should also be used in conjunction with other technical indicators or chart patterns to maximize effectiveness, especially given the high number of signals that it generates.
N.3 ATR Average True Range
I think the ATR is the base of any algorithm or at least every algorithm trader has at least one setup with this indicator to calculate the Stop loss or the Take profit or both together.
The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period.
The ATR may be used by market technicians to enter and exit trades and is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by gaps and limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data.
The ATR is commonly used as an exit method that can be applied no matter how the entry decision is made.
N.4 The Bullish and Bearish Engulfing
Well, this indicator, free by tradingview show exactly the presence of Bullish and Bearish reversal made from Engulfing pattern.
It can be a great confirmation indicator for your strategy if used together with other indicators inside your algorithm.
N.5 WAE - Waddah Attar Explosion
Last but not least, an incredible free indicator. Great for confirmation entry as well as Volume and trend direction.
Trading volume can help an investor identify the momentum of a currency pair and confirm a trend. If trading volume increases, prices generally move in the same direction and can provide a heads-up if volume diminishes. Once volume begins to diminish and the fuel for the trend starts to dry up, a reversal or ranging market may be on the horizon. This particular volume indicator has only three components to interpret, visually straightforward, easy to understand, and user-friendly.
I hope at least one of these Five uncrowned indicators will become part of your arsenal.
Please, support my work with likes and comments!
The Power of PRICE ACTIONHello traders and future traders!! I know there is a point in the trading journey where you have so much information that it gets confusing, and you try to apply everything that you have read, but price action strategies shows us how simple are the markets and how easily we can interpret one without using tons of indicators, but just the price movement. Here are the 3 main advantages when it comes to price action trading and the reasons why this type of analysis is so powerful in many trading strategies.
If you see any other advantages, but also disadvantages, leave a comment and let's discuss!
BRIEFING Week #49 : Global Macro Models ReviewHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Increased volumes. Good entry point The tool is in the leaders of growth, on increased volumes formed a resistance level with two touches on a round number, I expect a small trade, an increase in activity in the glass and an impulse exit to the long with the withdrawal of liquidity behind the level, I recommend going into the analysis of a large density at the level. Goal 88.88$
The BEST Trading IndicatorWith the ever increasing number of indicators, it makes sense that beginner traders’ wish to cut the steep learning curve by trying to find which indicator is the best and the most profitable to choose from.
It’s overwhelming to start trading with so many jargon terms like, the MACD, RSI, Stochastics, ADX, Bollinger Bands and so on…
Luckily, you won’t ever have to worry about any of these indicators.
Here’s why…
The quest to find the perfect trading indicator
There is a big misconception when it comes to learning how to trade.
Most new people start by going onto Google to search for the ‘best trading strategy’ or the ‘best trading indicator’ to speed up their success.
Everybody wants to find that perfect trading indicator that will help them profit 80% to 100% of the time.
Yet, at most, there are only 5% of traders’ out there who are able to make a consistent income with trading.
I have two main reasons on this matter, which I’ve gathered since 2003.
Reason 1:
All indicators are history
With local and international markets such as the stock market, Forex and even with crypto-currencies, there are billions of rands traded every day.
With the ongoing economic, socio and political events taking place, every transaction from either a company, private individual or even a bot is entirely unique and UNEXPECTED.
So which indicator is the best to choose from?
Well before you go and do research on each indicator there is to trade with, let me spare you the time and tell you this…
Every technical indicator and oscillator out there, is based on one thing.
HISTORICAL DATA.
When you add an indicator onto a chart, it can only show one of three things which are either the:
Current momentum.
Current trend direction or the.
Demand and supply based on buying and selling volume.
Not one indicator has any form of predictive qualities. Even with the dawn of Artificial Intelligence and Quantum Computing, there will most likely never be that one indicator that will be able to predict the future with accuracy and certainty every time.
However, let’s say there is that one Quantum Computer that is able to take every news event, internal and external factor into account. The information assembled and collected, will still be based on past data.
By now you may be feeling like your life has been a lie with all the marketing fluff out there with the 100% win-rate and get rich quick scams, but I assure you there is one legit way to succeed from trading.
Reason 2:
Each element is essential
It doesn’t take just one trading strategy to bank a consistent income.
It doesn’t take just a few rules to follow and,
It doesn’t take a whole lot of money to fund your account to make it as a trader.
No, in actual fact it takes four equally important elements namely:
MARKETS:
You need to find the best markets that are out there to trade and when to trade them.
METHOD:
You need to create or adopt a proven trading strategy that will fit your personality. (Price action with a few patterns is all that's needed to spot probability trades).
MONEY:
You need to have just a couple of money management rules, to follow every time you take a trade.
MIND:
You need to find a way to develop trading self-confidence as well as a strong mindset throughout your career.
This is where so many different trading companies, publications and even education institutions seem to miss the mark.
They either specialise ONLY in psychology, trading analysis or just on money management. Unfortunately, this is one hobby or lifestyle where being an expert in ONE field will not guarantee your success.
illiquid weekend analysis - trading=art .____.
//volume profile//
---->Value area high/low (confirmation/invalidation)
----> Point of control (confirmation/invalidation)
!!! high probability trade opportunity
//Blue candle vs purple candle//
----> pivot point at specific closing/opening time
(illiquid or liquid???)
//Grey cloud vs Black cloud//
black up
grey down
switchingpoint = res/sup/(orderblocks???)
//trendlines //
---> (confirmation/invalidation/scalps)
Still short SPX, reasons why from my viewTrendline from the start of the year was touched.
410 resistance was touched and rejected immediately, volume profile shows this was a key pivoting point all year
lower volume, and price exhaustion on 9 count(weekly+daily)
Bearish behaviour at 200 ma again
Fib retracement shows we are in the golden pocket like the other rallies this year(0.618-0.7)
Bearish divergences on macd and many other indicators
Rising wedge on current rally(bearish)
Breadth indicators are above April levels for the spy
Vix has a positive divergence and is at strong support
BTC is getting ready for the Big moveHi guys, This is Martin, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is forming this big falling wedge pattern
what is falling wedge pattern
The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
*BTC Need to Clear the 18,500 Resistance to Confirm the Falling Wedge Breakout
* RSI is also sowing some bullish divergences move
*If it conform this pattern then according to the pattern we will see good bounce
Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Ethereum Stuck in a Sideways Range!It seems like ETH has established its own sideways range recently after looking at the 1h chart. You can see above that we're stuck between the $1300 level and the $1270 level. I'm watching the Wave Fusion indicator closely to see if it gives us any big signals (potentially even on the 15min) and will act accordingly.
The big levels to watch out for if ETH breaks to the upside is the $1360 level. I'm looking for at least one rejection here. And if ETH breaks to the downside I'm looking at least $1240 (pink line) or worst case, $1150 (major support level).
Either way, I would not force a trade here. Still very much indecisiveness going on so you're best waiting on the sideways until we get a definitive move in either direction.
If you enjoyed my TA or had a any questions, please comment below or send me a DM :)
Thanks for reading!
Bitcoin Showing Strength! Will it Last?In this post, I'm going to cover the major support/resistance levels for BTC and where I believe we're going from here:
Based off the 4hr chart, we're currently in an upwards channel as shown above. This channel started from the bounce at 15.6k (green horizontal line) which was the bottom wick from Nov 9th and also coincided with a buy signal from my Wave Fusion indicator (in my scripts page).
Our next micro resistance remains the 17.2k level that we previously rejected from yesterday, along with MAJOR resistance at the 17.6k level.
I'm watching my Wave Fusion indicator very closely if I get a sell indication that coincides with either of those two resistance levels. If so, I'll take a short and target the various support levels below (16.7k, 15.9k, or 15.7k).
If you enjoyed my technical analysis, please leave a boost and if you have any questions on my TA or indicators used, please leave a comment below or send me a DM :)
Thanks for reading!
NEARUSDTHello Dear friends
In the daily time frame, the trend has approached an important support zone. At the same time, the butterfly harmonic pattern has also been formed in this time frame. Positive divergence of RSI has also been issued.
On the lower time frames, if the downward trend line is broken upwards, the possibility of the price advancing to higher areas is strengthened.
As long as the uptrend does not break above the $2.374 range, the harmonic pattern is invalid. You should keep in mind that if the correction trend is below the $1.379 range, our bullish view will expire.