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FIL/USDT 4H: ready for short positionIn the daily time frame, we can see that after breaking the trendline, it could not cross the static resistance (flip zone) and take back the last top Weakness in price stabilization is evident In the 4H time frame, we have an upward trend line that the price has penetrated twice and is currently moving tangentially with it. There is also a support zone that has prevented the price from falling If the trendline and the support zone are broken, we can enter the short position in this area in pullback (according to the drawn scenario)
Short
by Dealerify_HUNTER
8
What you need to know about being Bullish!As a long time trader and professional investor, it's been awesome seeing the evolution of Bitcoin. It's a place for influencers to say stupid things like Bitcoin to 100k or 250k without any real merit or logic behind such a price point. Often the analysis consists of a handful of useless lines drawn from nowhere to somewhere of interest on the chart. To understand what Bitcoin and the larger crypto market is doing, doesn't take a lot. Especially as it becomes more and more institutional. I've talked about this for a long time here on @TradingView and showed each step of the way. These moves are not as random as they appear. There's a great book by Richard Ney, actually he has a couple talking about market makers and the effect on the markets. However, one little snippet he talks about how the market or a stock/instrument such as Bitcoin can be seen as a warehouse, think of the scale and number of shelves. Now think of the length of time to fully stack that warehouse. This isn't a quick factor... Now break that idea down further & apply it to BTC. If the market makers are the owners of the warehouse, who do they sell to? Well retail of course. The issue is retail simply do not buy in bulk. Once retail get the urge to buy, the warehouse stock gets depleted 'over time'. In addition the market makers need to stock back up. So for them, they need to buy cheap and sell higher. Trading 101 Over the last couple of years, I have shared a chart showing COT data, this is a US based sample size of in essence what the market makers are doing. The data is slow and clumpy, it's lagging much like all the other indicators - maybe even more so. However, that does not matter as all you are looking for is a general bias. You only need to look at Larry Williams who won the Robbins World Cup Championship of Futures Trading, COT data is a key part of his strategy. I've written several posts here covering the topic in more depth, but here's the current snapshot. Asset Managers: This image clearly shows a long, long term bias. Next you have the Leveraged Funds: This image is almost the inverse, we have a negative delta shown. Now in the past I have had people say to me "ah look, institutions getting REKT. Price going up and their short" What you need to understand is how this works. Let me ask you this "Who is selling to you in the rally" Well the guys who bought it cheaper. So here's the lesson: The factors for Bitcoin currently are pretty simple; you have a long term Bullish bias as seen by the Asset Managers . You have a shorter term Bearish bias of the Leveraged Funds Therefore we can look at some other factors. Let's start with a zoomed out view of the market - let's go to a Monthly timeframe. What do you see? Well, I see an overbought stochastic, I also see price moved up as volume fell down (more visible lower TF's). To translate this, the accumulation for the bigger picture is not quite over. Influencers think we are resting on 30k to rally to 250k next week. Unfortunately for their Demo accounts, the market doesn't think like that. Nor do the market makers! Next you can also dig a little deeper into things like Dark Pools again I have covered this in another educational post. As this is an educational post, let's put all of the pieces together. 1> COT data shows Leveraged Funds still have positions to sell 2> Asset Managers have a Bullish Bias 3> Monthly stochastic overbought 4> Volume doesn't match the move up 5> Dark pools... How much is being soaked up under the radar? In the TradingView show back in May, I covered Wyckoff and Elliott and a little about composite man (market makers). www.tradingview.com When using such tools and techniques, the price becomes obvious. Why up or down and at what key levels. Moves like this are pre programmed into the liquidity algorithm. Things you can spot from miles away. So let's finish on putting it all together - The conclusion would be, we are early on in an accumulation phase, we need to stockpile the warehouse to have momentum to newer highs. IF we go directly here we are capped - think of it like fuel in the tank. I have talked about this on several of my streams here. Coupled with the current view of the overall economy. This doesn't have to be difficult. I hope this helps some of you out. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
10
What ChatGPT has to say about Retail vs Professional Indicators?When it comes to trading, novice traders may be tempted to rely solely on retail trading indicators such as RSI, MACD, Stochastic RSI, Bollinger Band, and ADX. However, relying on these indicators can lead to traders losing money in the long run. One of the main problems with retail indicators is that they tend to generate false signals, which can lead to traders entering and exiting trades at the wrong time. Retail indicators are based on historical price data and do not take into account other factors that can affect market movements, such as news events, economic data, or geopolitical developments. In contrast, professional trading indicators such as market internals, volume profile, market profile, open interest, and volume delta are essential for traders who want to stay profitable in the long run. These indicators provide a deeper understanding of market conditions, which allows traders to make more informed trading decisions. Market internals can provide insights into the underlying market sentiment and identify potential changes in trend. For example, the NYSE Tick Index measures the number of stocks on the New York Stock Exchange that are trading on an uptick minus the number of stocks that are trading on a downtick. A high tick reading can signal bullish market sentiment, while a low tick reading can signal bearish market sentiment. Volume profile, market profile, and open interest can help traders identify support and resistance levels, potential breakout points, and market structure, which can improve the accuracy of their trading decisions. For example, volume profile analysis can reveal where the most significant buying and selling activity is happening, which can help traders identify potential turning points in the market. Market profile analysis can reveal the market's value area, which is the price range where the majority of the trading activity has occurred. This information can help traders identify potential breakout points or reversal areas. Volume delta can help traders identify market imbalances and potential trend changes. For example, if the price is going up, but the volume delta is negative, it can indicate that selling pressure is starting to build, which could lead to a potential reversal. Professional traders also tend to use more advanced techniques, such as order flow analysis and footprint charts, which allow them to see the actual orders being executed in the market. This provides a more accurate view of market conditions and can help traders identify potential trading opportunities. For example, order flow analysis can help traders identify potential order imbalances and see where the big players are positioning themselves in the market. Understanding the difference between lagging and leading indicators is crucial for traders who want to stay ahead of the market. While lagging indicators may provide some insights into past market conditions, they are not sufficient for making profitable trading decisions. Traders must learn to use leading indicators, such as professional trading indicators and advanced techniques, to gain a deeper understanding of market conditions and make more informed trading decisions. In conclusion, relying solely on retail trading indicators can lead to traders losing money in the long run. Professional trading indicators, such as market internals, volume profile, market profile, open interest, and volume delta, provide a more accurate view of market conditions, which allows traders to make more informed trading decisions. Advanced techniques, such as order flow analysis and footprint charts, can help traders identify potential trading opportunities and gain a competitive edge in the ever-changing market.
NASDAQ:TSLAEducation
by PtGambler
Ace Trading Academy - AUDJPY Ascending ChannelHi traders, What do you think about AUDJPY? What I see AUDJPY doing right now is following an Ascending Channel. AUDJPY has tapped the Daily support zone pushing upwards now creating higher highs and higher lows. It is pushing in an upward channel where the highs and lows are tapping the upper resistance line and the lower support line. Looking for trade opportunities inside the channel until there's a break from it. Once the chart breaks look for a retest and a move from that point. Ace Trading Academy
by AceTradingAcademy
Most Recent Powell Appearances & PA Hello Traders, -----------> (see picture below for better view) <---------- I just wanted to take a look with you on how Powell Appearances or Fed Minutes & Press conferences have affected price action. Above is a quick look at that and a very near-term prediction of SPY. Of course, Powell is a very well spoken man, and he chooses his words very carefully. He said exactly what was expected and exactly what the markets wanted to hear, hence the rally. However, when do we move past the idea that the rallies will be followed by drops in the days following? Are we there? Are we almost there? No way to really know. Even with a strong ear to the pulse of the markets and every analysis you can think of, it can be difficult to time the markets. Luckily there are tools like you see on my chart that can help to stay consistent even when you aren't entirely sure when we've hit bottom or when the rally rug will pull. Not all technical tools are the same and there isn't a holy grail per se; but some tools of the trade are much sharper than others. For example, some tools may help you catch tops and bottoms really well when combined with a strategy. How have you been doing-- are you Consistent-- are you Confident in your trades-- do you stick to your Strategy and Stop-loss? Never stop sharpening your sword. As retail traders, we must be constantly evolving and sharpening our toolbox to compete against the institutions and whales out there. Happy trading. Cheers, Mike L. (UPRIGHT Trading) The Powell Catalyst
AMEX:SPY
by UPRIGHTTrading
It's the end of the linegeopolitical issues and global instability of our economies not to mention the brink of ww3 on the horizion a soaring cost of living and energy prices exceeding every expectation ever noted you would have to be insane to think you can buy long term in this crumbling economy and society we live in "Those who forget or ignore history are doomed to repeat it tenfold" so for all you investors out there this Titanic is sinking faster than you can grab your life jacket
SP:SPXShort
by GrandMasterShort
AUD/USD BEARISH 4HR ANALYSISThe highlighted red area above price indicates that the market is currently in a bearish structure. The oscillator at the bottom shows both the AUD and the USD index's and as you can see, the USD is increasing upwards and is about to cross the mid line, which shows bearish pressure coming in to play for the AUD/USD pair. I also have a second market structure indicator which is currently indicating BEARISH next to the price level. I also have imbalances on the chart as a potential take profit area to consider. Lastly, I am using Bollinger bands and you can see that price pushed up and touched the top of the band and since that point has failed to push higher, this is another bearish sign.
Short
by craiggoodwin2994