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How To Analyze Any Chart From Scratch - Episode 11Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Today we are going to go over a practical example on GBPAUD, but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. You can find the previous episodes below "Related Ideas" Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Education
by TheSignalyst
31
Ethereum (ETH) - 21/7/2022 ideaMarket is currently in process of correction from that huge rally we had during the past week or so. 1250 level on ETH is very important for buyers to defend as it is where we broke out from and was previous heavy resistance, under that level we're entering heavy bear territory which would lead us to somewhere between $500-600 where I think we will potentially see a macro bottom for ETH. I believe that the bullish scenario is more likely as market didn't have time to catch this rally, thus 1250 should act as a strong buy zone.
by crauzer
SPY repeats 2007Guys, it's hard not to notice how similar the 2007 AMEX:SPY chart is to our current 2022. Honestly, I wouldn't go so far as to say - "THE NEXT CANDLE/BAR WILL BE THE SAME!" But just to take note, I think it's probably worth it, because if you look closely, we're actually doing the same thing in the big picture. Conclusion: - Will I trade SPY trying to repeat the 2007 chart? No, I would not. - Is it worth using this as an additional variable in decision making? I don't know, let everyone decide for themselves. - Does this similarity mean that further action will be the same? No, 100% it does not.
AMEX:SPY
by Myst_Trader
$SPY the outlook 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Recap: Bitcoin along with the US market should take a decent hit sometime this week due to the continuation of strength in the US dollar. Bear-Index's, the dollar, and energy appear to be where the money will be flowing during this period if this does play out. This would lead to a temporary slowdown in the growing Chinese economy and allow it to retest support. What's neat about this chart is that everything besides the arrow and the text was done months ago. It's really neat whenever our previous works help us determine the possible trajectory of the market. !! This chart analysis is for reference purposes only !! If you want to see more, please like and follow us @SimplyShowMeTheMoney
SP:SPXShort
by SimplyShowMeTheMoney
Amazon Wyckoff SetupInstitutional Selling presents itself as wyckoff in Amazon. There was institutional selling as short profit taking and then institutional buying as there was anticipation for higher prices. However, there must have been bad news--bearish anticipation as we approached July and October, because we failed to commit outside of the range we were in. This brings us to a new idea. Higher prices does not mean bullish outcomes. many retail traders, dumb money, poor traders will enter trade positions into the tops of the range ( trust me, there are a few who enter BIG). thus, all along it was a bull trap, the beginning of the end. As a sidenote, for those who use wyckoff, it is absolutely necessary to confirm phases from other phases. This is how your precision is increased. Phase c is the hardest to confirm. with other confirmations though, you are able to improve your accuracy.
NASDAQ:AMZNShort
by Integrity_Investments
!ES1 - What's the market doing?Does it look like the bears have calmed down already? Maybe so! Locally, price has made a couple of Higher Lows, stands at 20 EMA - yes, looks not extremely weak! But is it time to buy? It seems to me that it is not quite yet. We have several resistance lines, which are not broken at the moment, and we also have resistance to the 50 EMA, and on top of that we have resisting Fibs. Too much resistance at this point! Summary: - It is too early to buy, we need to give the market some time to show real strength. - I would not short here, as the market has been showing signs of strength lately. - Patience is the key to success!
CME_MINI:ES1!
by Myst_Trader
Polygon (MATIC) shoots. WHY?Polygon Network's location action has gotten quickly which has given areas of strength for a to the MATCI cost. Polygon prime supporter Mihailo Bjelic has put anticipation expressing that they will declare the most-significant uncover of 2022 of every 3 days. Ethereum's Layer-2 versatility stage Polygon has been doing great. Polygon's local digital money MATIC has been the top entertainer in the altcoin space mobilizing in excess of 60% over the course of the past week. As of press time, MATIC is exchanging 15% up at a cost of $0.90 and looking at a quick objective of $1.0. With the new cost siphon, MATIC has additionally stretched out its month to month acquires near 150%. The MATIC cost soar as Disney picked Polygon for its Accelerator Program a month ago. The program will zero in on expanded reality (AR), man-made reasoning (AI) characters, and non-fungible tokens (NFTs). In any case, the job of Polygon isn't clear for the time being as Disney will give further direction later on. However, the actual news appeared to have carried more prominent cheer to financial backers. Ethereum's Layer-2 versatility arrangement has been dealing with a few key improvements as of late. While MATIC confronted the intensity of the crypto market implosion last quarter, it has additionally returned rapidly. Moreover, market experts have been extending hopeful conjectures for MATIC which has prompted more noteworthy financial backer certainty. Accordingly, MATIC is riding the most grounded wave among other altcoins during this market recuperation. Then again, Polygon has been exploiting a portion of the new occasions on the lookout. The breakdown of the Terra biological system left a few decent quality undertakings in a condition of vulnerability. This is where Polygon uncovered another asset to help Terra-put together undertakings relocate with respect to the Polygon blockchain network. Up to this point in excess of 48 Terra projects have effectively relocated to the Polygon blockchain network. Then again, the quantity of decentralized finance (DeFi) conventions on Polygon is likewise expanding. Thus, the interest for MATIC tokens is all the while expanding. The absolute worth locked (TVL) across all DeFi conventions on Polygon at present stands at $176 billion.
COINBASE:MATICUSDLong
by DEinvestment
Don't Take Your Eyes Off S&P!Don't Take Your Eyes Off S&P ; it always tells the whole story. I always keep an eye on DXY and S&P 500 indices to feel the entire market. (Forex, Crypto and Stocks) US500 has been bearish for a while trading inside the blue channel. US500 is currently sitting around the upper blue trendline and previous low which might act as a potential short-term resistance. I have highlighted how the previous lows have turned into resistance previously. (purple and blue arrows) We have got two possible scenarios from here: Scenario 1: Purple Projection The bulls kick in and break above the gray zone | By break, I mean a momentum daily candle close above 3950.0 In this case, a movement till the next resistance 4200 and upper brown trendline would be expected. Scenario 2: Gray Projection US500 rejects the gray zone and trade lower below 3700 demand zone. In this case, the next rejection zone would be the 3400 zone and we will be waiting for the bulls to take over by breaking above 3700 again. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
U
by TheSignalyst
36
BTCUSD July 2022 W.2: Short-term to Medium-term trendHi friends, I hope y'all are having a profitable week ;) Today, we have a 2 possible short-term trades that will build up to medium-term trades after the price has bullish broke and retested the (Possible) Mini Weekly Neckline. I got these trades signals from the weekly and monthly. The weekly expects bullish retests on the 2nd Weekly Key Lvl (that was previous broken and not retested) and 8 m.a (that wasn't retested by the first level to confirm the trend-continuation to where the price is at right now - on level 2). The monthly, on the other hand, expects a bullish on the huge double top neckline and on the 50 m.a and bearish crossed short-term m.a's; the patterns accumulation phase bullish reversal candle or reversal pattern will counter-trend to the targets. With that said, let us take a look at how the bulls and bears might behave in triggering our trades and not. Bulls: -If the price bearish spikes the 8 m.a with a bullish candle formation or reversal candle pattern close (1st signal) that leads the price to bullish break and retest the 4H Neckline (2nd signal), according to the 4 hour: the pricen will be in prep to rally for the half a bats L2 & L3 and 200 m.a; and according to the daily: the price would be in prep to rally for the triple bottoms neckline and 50 m.a as the 1st targets, so once that happens, then we should BUY!...(E.1 & E.2) Bears: -If the price bearish drops to break and retest the 1st 4H Key Lvl together with the 8 and 50 m.a's (1st dis-confirmation) and proceeds to break and retest the 1st Monthly Key Lvl (2nd dis-confirmation), that will tell us that our trades are invalid, hence we won't take them. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Doji-2k1.
BITFINEX:BTCUSDLong
by Doji-2k1
Predicting Tesla's Future Price - Comparing Historical PatternsToday we compare Tesla's current candle patterns to a prehistoric falling wedge candle pattern found on Bitcoin on July 15th, 2021. I'm a big fan of history repeating itself so I decided to take a deep dive on the similarities between both charts. They indeed look quite similar. I traced both candle patterns in white, and you can see that Bitcoin printed a falling wedge pattern. Tesla still seems to be printing it's wedge pattern which is slightly different. Inside Tesla's candle pattern formation, it has formed a diamond bottom pattern, a inverse head and shoulders, and a triangle wedge. The diamond bottom is a bullish trading pattern indicating a possible reversal of the current downtrend. The triangle wedge does not seem to be complete yet. I am hoping for it to be a falling wedge pattern just like Bitcoin's because that is bullish and we can see the price of Tesla go over $900 dollars, and attempt to get to $1000 by September. That is a 50% increase in value! :D If it becomes a rising wedge than that is bearish, and the price of Tesla can continue falling close to $500 dollar zone. I believe that we will see more bullish momentum in the stock market at least until September. Some stock's have been falling since last July, and most stocks started to fall last November in 2021. I find it hard to believe we will continue falling all year but if we do fall again it will be sometime in October or November in 2022. That being said, happy trading!
NASDAQ:TSLALong
by Trebor_Namor
6
Bitcoin 14/7/22 idea (post-CPI)Bitcoin is currently in a very big consolidation range. There is extreme market pressure right now due to a lot of different negative global events - China bank run, US recession and high inflation, Euro collapsing.... Market had nuke when 9.1% CPI dropped but quickly started rallying, which is exact opposite of what you'd expect. There could be multiple reasons for this: - Retail being dumb and thinking that inflation is peaking so they start buying - Shorts buying back on their positions - Strong technical level is being anticipated by market - ... I think that in the long run this range will eventually break to the downside and come into the 14-12k area.
by crauzer
3
Bitcoin | Market Manipulation FAIL!We see how the market makers (whales, miners, exchanges and big players) continue trying to "kill the longs"... The market is trying hard to get people out of their positions... But not the short ones only the long ones, telling us that Bitcoin is still consolidation before moving higher. The last candle has really high volume on the bearish side yet it didn't manage to hit a new low compared to 30-June... Market manipulation FAIL! This type of price action created a Cyper Harmonic pattern: Do you believe this is market manipulation? What do you think will happen now after a higher low? Share with us in the comments section below. Namaste.
BITMEX:BTCUSD.PLong
by AlanSantana
44
🔥 Bitcoin Pi-Cycle Bottom Indicator Signals Bear Market BottomBefore we dive deeper into the analysis I want to give a quick overview of what the pi-cycle bottom indicator is, "The indicator comprises a 471-day simple moving average (SMA) and a 150-period exponential moving average (EMA). Furthermore, the 471-day SMA is multiplied by 0.745; the outcome is pitted against the 150-day EMA to predict the underlying market's bottom." In short, the Pi-Cycle bottom indicator is similar too the Pi-Cycle top indicator, but with different values. Historically, the Pi-Cycle bottom indicator has signaled the BTC bear-market bottom within 3 days of the signal. This would mean that the BTC bottom will be in within the next three days. However, will the pi-cycle bottom indicator work again this time? There's only two previous instances of the indicator working, one can't really deduce statistical validity from an N=2. Funnily enough, people said the same thing about the Pi-Cycle top indicator last year. In hindsight, the Pi-Cycle top indicator did a great job signaling the technical top for the current BTC cycle (technical top = top based on indicators and on-chain metrics). Will this time be different? Maybe. The current macro-economic outlook is vastly different from the previous cycles. Bitcoin's correlation with the stock market has never been this high and, with inflation still on the rise and a recession looming, stocks are more likely to go down than to go up in the near-future. Unless today's CPI numbers will cause a huge 20%-30% sell-off, I don't think that BTC will bottom within the next three days. Time will tell. Nevertheless, I think that this indicator is one of the better bear-market bottom indicators. Bottoms never occur when people expect it.
INDEX:BTCUSD
by FieryTrading
11