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AUDJPY (incline towards long)We can see that the AUDJPY pair is making effort to move HH. A breakout upward might be promising after the forming of ascending wedges. Do wait for a pull back after the breakout before placing your trade. A formation is just a formation till it breakout (Please always remember that!). I will continue to monitor this pair, in the event of breakout (upward/downward) i will post another chart to update this. Please click on my profile to follow me , if you think my ideas do help you or provide you with another insight Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :) Quotes "The key to trading success is emotional discipline"
Long
by MemoriesLane
🔰Channel is an element of technical analysis🔰 Let's recall my previous TA ideas and more 👇🏻👇🏻👇🏻 T oday we are talking about channels. Come on💪🏻 Technical analysis defines a “channel” as a corridor in which a price chart moves limited by the support line below and the resistance line above. There are three types of channels: 📌bullish channel 📌bearish channel 📌sideway or range (flat, trendless) The channel breaks, when the price breaks through either support or resistance. Breaking resistance on the bull channel is a good signal to buy. For a bear channel the opposite is true. With the side channel, the signal is less strong. If we break through support on the bullish channel and resistance on the bearish, we get a weak sell / buy signal (it is better to get confirmation from other indicators). In addition, you can play inside the channel, observing two rules: ⭐the longer the price moves in the channel, the more likely it is to exit it; ⭐play better towards the main trend. If you like my edu posts, put me like and subscribe on me💪🏻❤ Stay in touch💋 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
16
💁🏻‍♀️The resistance and support lines🤷🏻‍♀️ Hi, guys! 👋🏻👋🏻👋🏻We continue introduce newcomers with technical analysis and repeat the TA with “oldones”. 😆😆😆 🙌🏻Today we’ll talk about support and resistance levels. Let's go💪🏻 The resistance and support lines are the foundation of the classic technical analysis. All trend lines, models and figures are just combinations of resistance and support lines. A resistance line connects important market highs. It occurs at a time when customers are either no longer able or unwilling to buy at higher prices. Simultaneously with each ascending movement of the price, resistance of sellers increases and sales increase, which also puts descending pressure on the price. The upward trend stops and, as it were, rests on an invisible ceiling, which it cannot penetrate at the moment. If the bulls gather their strength or the bears weaken their grip, then the price is likely to break through the previously established resistance level. Otherwise, the reverse price movement (the so-called "rollback") is inevitable. The support line connects important lows (bottoms, soles) of the market. The emergence and existence of support lines is exactly the opposite of resistance lines. Here the “bulls” change places with the “bears”. Sellers are active players in the market who push the price down, while buyers are the defending side. The more active sellers are and the more passive buyers, the higher the likelihood that the level of the support line will be broken and the price will go further down. The lines of resistance are always above, the lines of support are below. If both the resistance line and the support line are strong and hold long enough, then depending on their combination, various images and associations arise, which give the name to trending models and figures. It should be noted that it is better to draw support / resistance lines on the charts through the zones of price accumulation, and not through maximum emissions. A massive accumulation of prices shows the behavior of the determining mass of traders, and emissions are just the panic actions of the weakest market participants. It should also be noted that the values of the levels are stored in the memory of traders and if some time when some events occurred when approaching a certain level, then the next time when approaching the same level there is a high probability that the trader will perform actions in that direction, where the price was moving the previous time. The more times a trend encounters its resistance or support, being unable to overcome them, the stronger signal about the weakness of the trend we receive, and the greater the likelihood of a reversal in the future. Often resistance changes places with support, and support changes with resistance. It's all about psychological factor. I hope you were interested and learned something new 😸, are U?🤔 Subscribe and put me like💋💋💋 Stay in touch⭐ Your Rocket Bomb🚀💣 My previous idea👇🏻👇🏻👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
9
XAUUSD Technical AnalysisSo far gold has been continuously retesting the descending wedge top resistance line, more than 3 times, proving to be a major resistance level. The descending wedge looks to be a bullish flag in the 1D timeframe. Technical Analysis for short term: - Breakout above 1710 --> Take profit 1 @ 1720 the first resistance + TP 2 @ 1730 the historical major resistance - A strong rejection from the top of the descending wedge at 1708 --> Take profit 1 @ 1692 the first support level + TP2 @ 1673 if it breaks below TP1 Stochastic Oscillator displays a descending crossover towards the 40 mark, typical of a bearish pattern. MACD displays a slightly bullish slope in the green, although it would be noted there's a hidden divergence in the decreasing buy volumes. This possibly precedes a bearish reversal in near future. Most Techical indicators point to a dying bull pressure, to a possible strong SELL in the short term. Fundamental Analysis for long term: Then again, GOLD is heavily sensitive to economic forecasts: -Highest US household debt in record Risk adverse investors fearing a possible second wave of pandemic after gradual easing of COVID measures US- China Tensions and possible trade war These points to investors turning to the one historic hedge against risk: GOLD , therefore we can look for a LONG TERM BUY opportunity. Things to watch out for is the China reaction to US accusations about the virus, an easing of tension would point to a temporary drop in gold price.
OANDA:XAUUSD
by Gold_D_Roger
1
05/05/2020The daily for BTC again looking very bullish short term, IMO this is pre Halving hype and we will be in for a correction. I had previous targets for both up and downside and I still stand by those targets. This bull flag is obvious as this week is pre Halving week so a pump to test around the 10K levels would be very possible, 10.2 also very possible. The $9500/$9550 mark is a ket point to break though I dont expect this pump to hold, as we can see we have been held between the $8800s and $9500 level. A dump will be inevitable IMO but we will wait and see. I will post other indicators I use and also other time frames to try and explain my reasoning for my predictions but I do find it hard to explain, hence the details on my charts are not very good. I draw them, trade them, I just can't explain them lol. I think BTC is running out of steam and is only being held up by the pre Having hype and will drop to possibly the $5K mark as I have previously charted and said also. My charts are more explained on Twitter. Short term, the levels will be between $8600s to possibly $9500s and after the Halving hype begins to slowly go away, I think Bitcoin will dump, and dump hard. Large institutional buys and also smaller retail buys are having an impact on the movement at the minute, accompanied with the Having in only 6 days could test the 10.2K mark but the shaking out of 'weak hands' and also FOMO trades both long and short stop losses that have been set will all be targeted within these next coming weeks. Be careful trading, IMO right now the best bet would be DCA and HODL until things settle down and become a little more clear and steady. The VPVR PoC is still sitting around the $7200 mark and developing control also downside from current price. The vol developing would be towards the 10K+ level using this indicator but again, it is Halving week and there are alot of usual news and talk of what happened in previous Halvings, so personally, I still stand by my longet term, post Halving predictions for price and that is a dump to low price levels. I apologize for the poor descriptions but I do hope you can see what my charts are saying to you. Thanks for your time, I hope to publish more soon with other indicators and hopefully better descriptions.
BYBIT:BTCUSD.P
by Crypto_Jakk
1
⚡ANALYTICAL METHOD OF TECHNICAL ANALYSIS⚡ Hi, friends.💋💋 I'm glad to welcome you on my page.👋🏻 Have a great weekend😉. Saturday and Sunday is a great time for development, 💪🏻💪🏻💪🏻the market is mostly not very active, I suggest you continue to consider 📊 technical analysis methods.📊 💥We already know what are the main methods of technical analysis. 💥Advantages and disadvantages of technical analysis 💥We started studying graphical analysis methods. 😉 Today it's time to talk about analytical methods .😉 Analytical methods include methods that use filtering or mathematical approximation of time series. 👉🏻The main tool of analytical methods is an indicator , which is a set of functions from one or more basic time series, with a specific time "window". 📌Trend indicators These indicators include indicators used to measure the trend, its strength and duration. A classic example of trend-confirming indicators is the moving average. This class includes such well-known indicators as MACD, Directional Movement, Parabolic and others. 📌Volatility indicators Indicators of the second category are used to measure of price volatility of the underlying asset. Variability is a concept that describes the magnitude of daily price fluctuations independent of the main direction. These indicators include: Chaikin's Volatility, Standard Deviation, Bollinger Bands. 📌Moment indicators Representatives of this category are used to measure the rate of price change over a certain period of time. These are, first of all, Momentum Indicator, Relative Strength Index (RSI) and Price Rate-Of-Change (ROC). 📌Cycle indicators These indicators are used to identify cyclic components and their length. These are Fibonacci Time Zones, MESA Sine Wave Indicator, and others. Such indicators work well only on sideways trends. These indicators are very important for futures traders working in commodity markets for sugar or oil grains - in markets with a very high cyclical component. 📌Market strength indicators It uses either the volume of transactions or the number of open positions as one of the basic independent variables. Indicators of this category, based on a series of volume data, give signals about the strength of the current trend. Indicators in this category include On Balance Volume, Volume Accumulation, and others. 👉🏻⚡ Don't use indicators, especially those that are built solely on the basis of price. It is especially scary to look at screenshots of the working terminals of some traders, which are literally littered with various indicators. Price in itself is a great indicator. All price indicators are late and show virtually the same thing. If you do not see what the price shows, then the indicators will not help you. Indicators help only those who understand the essence of price movements, and that, only as a hint, and not the main tool for making trading decisions. 😸I hope you were interested and informative. Stay with me, I still have a lot of interesting things for you💁🏻‍♀️ Subscribe and put me like, I try hard for you 💋💋💋 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
6
💹Graphical technical analysis💹👋🏻Hi friends.☺ Glad to see you on my page! 🤗 👊🏻Today I decided to share with you another educational post.👊🏻 ⚡Continues the topic of TA methods. We consider each of them in more details. And start with the graphic method. 🧐 💹Graphical technical analysis is the analysis of various market graphical models formed by certain patterns of price movements on charts, with the goal of assuming the likelihood of a continuation or change of an existing trend. 📗 👉🏻Classical figures of technical analysis are divided into: 🤜🏻confirming a trend reversal; 🤜🏻confirming the continuation of the trend; 🤜🏻confirming the possibility of both a reversal and a continuation of the trend. Each model has its own specific mechanism of education and a certain graphic form. The dynamics of the volume of transactions is a confirming factor in the existence of a certain model. All models find an explanation from the point of view of the psychology of market participants. Despite the apparent simplicity of this method, it shows good results. The main disadvantage of this method is that it is very subjective. 🤜🏻 – TREND REVERSAL PATTERN 📌Head & Shoulders Pattern 📌Triple and double top ♦Triple Top it often happens that the third attempt is successful for breaking through support / resistance. ♦Double Top : after exiting the figure, market fluctuations are visible. At this time, the opening of long positions. 🤜🏻– CONTINUATION OF THE TREND 📌"Flag" 🤜🏻 – BILATERAL PATTERNS - POSSIBOLITY OF BOTH A REVERSAL AND CONTINUATIONA OF THE TREND Such figures have the appearance of a triangle and are divided into converging and diverging triangles. The triangle itself is the most common trend pattern. 📌Triangles These are not all possible figures of technical analysis. In the next post I'll tell you more.❤❤❤ I try very hard for you!🤗😍 If you noticed, that I put my soul into every post, put like me, I really appreciate you !!!☺☺☺ I'm very interested, how many people like my educational posts.🧐🧐🧐 I'll try even better for you !!!💋💋💋💋 With love😍😍😍 Your Rocket Bomb🚀💣 ⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡ 🔥🔥🔥🔥🔥🔥Homework:🔥🔥🔥🔥🔥🔥 find on the chart of any coin the patterns that I talked about in my post !!!
BITSTAMP:BTCUSDEducation
by RocketBomb
10
🌠 Methods of Technical Analysis 🌠 👋🏻👋🏻Hello friends, we continue study together ❤❤ And we look further at the technical analysis.👌🏻 Today we'll analyze the main methods of technical analysis. You can choose for yourself the most convenient. Further, we'll consider in more detail each of them) LET"S Go)🚀🚀🚀 Graphical technical analysis is the analysis of various market graphical models formed by certain patterns of price movements on charts, with the goal of assuming the likelihood of a continuation or change of an existing trend. 👉🏻👉🏻👉🏻Classical figures of technical analysis are divided into: ⚡confirming a trend reversal ⚡confirming the continuation of the trend ⚡confirming the possibility of both a reversal and a continuation of the trend 👉🏻👉🏻👉🏻The main tool of analytical methods is an indicator, which in turn is a set of functions from one or more basic time series, with a specific time "window". ⚡Trend indicators These indicators include indicators used to measure the trend, its strength and duration. A classic example of trend-confirming indicators is the moving average. This class includes such well-known indicators as MACD, Directional Movement, Parabolic and others. ⚡Volatility indicators Indicators of the second category are used to measure the measure of price volatility of the underlying a sset. Variability is a concept that describes the magnitude of daily price fluctuations independent of the main direction. These indicators include: Chaikin's Volatility, Standard Deviation, Bollinger Bands. ⚡Moment indicators Representatives of this category are used to measure the rate of price change over a certain period of time. These are, first of all, Momentum Indicator, Relative Strength Index (RSI) and Price Rate-Of-Change (ROC). ⚡Cycle indicators These indicators are used to identify cyclic components and their length. These are Fibonacci Time Zones, MESA Sine Wave Indicator, and others. Such indicators work well only on sideways trends. These indicators are very important for futures traders working in commodity markets for sugar or oil grains - in markets with a very high cyclical component. ⚡Market strength indicators It uses either the volume of transactions or the number of open positions as one of the basic independent variables. Indicators of this category, based on a series of volume data, give signals about the strength of the current trend. Indicators in this category include On Balance Volume, Volume Accumulation, and others. Wave analysis is based on the notion that markets follow certain patterns called waves, which are the result of the natural rhythm of mass psychology that exists in all markets. There are several advanced wave theories. The essence of the Elliott Waves is that prices alternate between the phases of the momentum, which establish the trend, and the phases of correction, which adjust the trend. The simplest and clearest description is that the pulse phase contains 5 smaller waves, and the correction phase contains 3 smaller waves. NeoWave is an extension of Elliott Wave concepts to reduce subjectivity. In fact, wave analysis has nothing to do with the market. At least in the modern world. This theory once worked, but not now. Although it attracts a lot of people with its simplicity and visibility. Now you will not find two wave operators that would give the same market assessment and forecasts. So many directions and methods of wave analysis have formed today. Wave analysis is an artificially invented method for predicting markets, that is, not natural even for human behavior. If you use it, then be extremely careful. To say that wave analysis does not work is too subjective. Each for himself decides what and how to use. Right or wrong - the market will judge by adding or taking money to the account. ❤I hope you understand everything and you liked it.❤ 🥰Then put me like and subscribe, and who is already with me - you're great, I love you)❤ I'm waiting for everyone in the next training post !!!😍 🔥Have a nice day, everyone! Don't forget to evolve everyday, I watch on U🧐!! Stay in touch🙃 Kiss U 💋 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
9
⭐Technical Analysis (TA)⭐ 👋🏻Guys, we recently finished considering the basic trading methods. 👇🏻 I suggest starting a new section. 💪🏻One of the most important for the trader. ✌🏻Fundamentals of Technical Analysis (TA). ✌🏻I am sure that it would be very important for beginners, and for other traders too. Let's start from the beginning.✈ 💫 Let’s Go 💫 The essence of technical analysis is, that people, from a psychological point of view, behave the same way in the markets and in ordinary life. At the same time, models of people's behavior are drawn on the markets, which are repeated constantly. The task of technical analysis is to assess the future state of the market from an analysis of its past state. 🗝🗝🗝Key Points🗝🗝🗝 Technical analysis (TA) is a study of market dynamics, most often through charts, in order to predict the future direction of price movements. In this technical theory, as in any theory. There are basic postulates. 1️⃣ Axiom - Prices include everything Any factor affecting the price (for example, the market price of a product) - economic, political, psychological - is taken into account in advance and reflected in its chart. 2️⃣ Axiom - Price Movement Subjected to Trends This assumption became the basis for the creation of all methods of technical analysis. The main task of technical analysis is to determine the direction of price movement for use in trade. 3️⃣ Axiom - History Repeats Analysts suggest, that if certain types of analysis worked in the past, then they will work in the future, as this work is based on sustainable human psychology. Technical analysis also allows you to understand the general state of the market at the moment. Technical analysis as a whole can be defined as a method of forecasting prices based on mathematical, rather than economic calculations. Technical analyst reveals market sentiment, setting himself a set of the following goals: ⭐1. Assessment of the current direction of price dynamics, that is, the identification of a trend. The following options are possible here: ✔ up movement ✔ down movement ✔ flat (accumulation / distribution) ⭐2. Assessment of the term and period of validity of this area. May be: ✔ short-term trend ✔ long-term trend ⭐3. Estimation of the amplitude of price fluctuations in the current direction: ✔slight change in course ✔ strong change in course 🙃🙃🙃If this introductory post interested you, put me like and subscribe.❤ 🥰😍🥰A lot of interesting things awaits us further. Soon you’ll know about: 🔖Graphic methods 🔖Analytical methods 🔖Cycle theory 🔖Wave analysis 🔖Resistance / support levels 🔖Channel - element of technical analysis 🔖 Fibonacci levels ⚡Stay with me⚡ Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
8