TA
AllianceBlockWell shit. There isn't much to say here folks. However, it has pretty much reached rock bottom, only way is up. + Albt moves similarly to Btc therefore it should see a pump very soon, just a matter of time.
Again, even if it doesn't pump anytime soon, i'm personally in this coin for the long term. I'm just gonna try trade it to increase my bag.
RSI definitely has room to go up = market up.
LongShort ratio is at 37:63 = market up.
Macd looks like it's about to cross up.
S&R well.. its rock bottom lmao. where else is it gonna go?
#LAMBOINAUGUST
VXV price movementVXV lately been sh##ing the bed. However, i believe this is upside for it. Easily retrace to the 15s + -20s + mark.
RSI looks undervalued quite a bit
Long:Short ratio is at 36:64, meaning more people shorting and selling = market trend is up ^^^^
MACD is bound to reverse up.
The chart itself, S&R is positive in my eyes. We might hit the 1.8s before breaking 2.2s
This is more of a long term coin i'm personally holding but i'll be selling and buying to make my VXV bag bigger.
Bitcoin Daily Chart Analysis#Bitcoin USDT Pair:
TA 1D Chart- #BTC/USDT
👉 In Daily TF it's following a falling Ascending Triangle pattern.
👉 It did breakout above from marked Resistance Zone.
👉 As of now, seems Bullish.
👉 Target is about 52K in short term .
👉 Strong buying Area- retest at marked support zone.
Keep Learning😃💯
➖➖➖
Cheers,
Team Crypto Billu
#CryptoBillu #HappyTrading💯 #NFA #DYOR
$omi buy zoneThesis: Using Elliot wave theory from our 1-5 correction with a trend-based fib from 1-2 we've retraced back down to our 1.618 level. That level is also shown in the past looking at our green box to be a clear area of support. Using a trend line from Jun 2021 if we look at recent price action it lines up with the idea of this being a local bottom. I personally bought $350 @ 0.00285 and will be buying another $350 if we can reclaim support above our resistance line from March 2021.
Looks dubious for QNT.A descending series of symmetrical triangles. Don't be surprised to see QNT visit the recent low of ~83.
I'd like to get a buy-and-hold on QNT when BTC bottoms out, but where will that be -- 30k? 25k? 20k? Lower?
A swing long on QNT is in the cards for me if BTC is at support when/if QNT hits 83-ish.
Dont you worry bout a thangwe could retrace to $29 or $37 .... we could also just blow past $50 after consolidation. Been mining ETC for a few months and todays pump was a good day to SCALP profits for a quick retrace.
Sold at $52
Current price: $48
watch for volume and retrace, if not, were pumping, just a guess
Chart Analysis is not a gambling! Reason why TA is greatHello traders. This is Tommy.
Today, I prepared the most basic and at the same time essential materials that every trader should know. Trading is literally the act of exchanging or trading something with a certain value. If we look at the history, we humans have always traded something within the social community from the Neolithic Age to develop into a better civilization or for individual survival when we have enough food or assets. When the surplus accumulation and self-sufficiency economy due to food production was formed, even before the concept of currency or money, buying and selling (trading) was always with us.
But when we trade, it is not a reasonable thing to do if we lose money when you buy or sell something, right? We humans have always traded at a value or price that is commensurate with supply and demand, within this immutable fence. And we, who are full of greed, have been trading in such a way as to somehow benefit ourselves a little bit more. In a way, I think this is the basic idea of capitalism.
Anyway, our ancestors naturally oriented trades for profit, sometimes seeing losses and sometimes profits through these transactions. And suddenly realized. “Ah, the quantity demanded, and the quantity supplied change over time. Because of this, all objects in this world, even abstract ones, change in value over time. Oh, I can make money if I use this well?”
A culture of profit taking has naturally been formed thanks to those who possess the temperament of smart entrepreneurs. In this way, the economy and financial markets were eventually born, and several market participants came in for the sole purpose of generating profits, that is, for investment purposes. People who have properly understood the market principle of supply and demand have been trading with certain standards to make money with it. Some people can trade by the weather (buy when it's sunny, sell when it's raining), some by rolling the dice (buy when it's high, sell when it's low), and someone just by feeling. Of course, economists studied after realizing that trading on unreliable and absurd standards would eventually destroy them. And realized it. “Ah, let’s find the right standard to set the standard. From what I've seen so far, does it make money by trading based on the information about the product and the value of the product that changes every moment? Let’s dig into it properly!”
And they created a great science. Analysis through information, Fundamental Analysis (FA), analysis through charts, that is, past transaction data, and Technical Analysis (TA: Technical Analysis).
FA is an analysis method that determines whether a product's current intrinsic value is overvalued or undervalued. For example, when we want to invest in a company, that is, if we want to buy shares or stocks in that company, we must first estimate the company's growth potential and potential, right? To do this, you must make a final investment decision by referring to the company's financial indicators, good news/bad news, past asset/revenue growth rates, etc.
On the other hand, TA is a method of making investment decisions by referring to various theories and indicators with meaning in charts that intuitively show past price movements and momentum.
Of course, it would be the best to do both FA and TA, but in these days, retail traders and individual investors, like us, have time/technical limitations to receive information, analyze it, and immediately reflect it in investment. It is not enough that there are various kinds of false information to deceive the traders, and even if it is reliable information, it is highly likely to start at a loss even if it is received a little later than others. It is useful to spot large market trends in the long run, but when this information reaches the public, it is likely that it has already been priced in by institutions (Big Parties). Without huge information power or a computer that can perform FA quickly and accurately, it is difficult to survive in this market with only FA. There is a risk that is too great to carry out an investment with only one FA standard.
Therefore, to make a successful investment decision, you need to find a more precise trading position through TA, and in the end, if you are a skilled investor, you must learn TA.
The dictionary meaning of TA is known as a technique for predicting future market trends by examining a tool called a chart that digitizes the overall price volatility and momentum of a product. I'm someone who doesn't fully agree with this meaning. The term “prediction” itself is a very dangerous word. Even the most talented investors in the world cannot predict future prices unless they are gods. Technical analysis is closer to the realm of response than prediction. For this reason, our traders look at the charts and always have various possible scenarios in mind and come up with appropriate countermeasures accordingly.
With less than 10 years of trading experience, if I dared to define the meaning of the term technical analysis, I would like to say: Personally, all TAs are based on historical data, and through various theories (or methodologies) and technical indicators, first, probabilistically identify the market trend, that is, whether the price is an upward trend or a downward trend, and then determine the price action, that is, support resistance. I think it is an analysis technique that derives the sections with high probability.
Some of you may have questions like this. “No, how do you find a trend and price action interval by looking at only historical data?”
This is the reason I fell in love with market analysis. This study called technical analysis is a technique that statistically patterned and quantified the psychology of investors (greed, doubt, fear, etc.) with a lot of data from the past. Surprisingly, external variables that can affect the market, such as good news/bad news, are also reflected in this probabilistically. There have been many times when I have felt the greatness of technical analysis, and there were many times when good news/bad news came out amazingly at just the right timing in situations where there was no choice but to rise or fall referring to the chart. Of course, there are situations where Big Parties leak news to the media to take advantage of popular psychology, but even the pattern, timing, or frequency of such good news and bad news is reflected in the study of technical analysis.
Anyway, once you have probabilistically derived the market trend and price action section through TA, you need to design a trading strategy according to the situation. There are words that I keep emphasizing like nagging. Just looking at the charts doesn't mean you're good at trading. This trading strategy includes how to structure the portfolio, how to design the profit/loss ratio/range, how much seed to enter, high/low multiplier, and how to set up profit/loss response strategies.
In addition, a well-designed principled strategy is essential to prevent non-thinking trading. This principled strategy is easy to design, but incredibly difficult to follow and implement. No matter how well technical analysis and trading strategies are formulated, these principles are of no use if they are not well designed or adhered to. There are individual differences, but honestly, I don't think there is an answer to the principle strategy other than learning or mastering it through long-term practice or entrusting your own technical analysis/trading strategy to a machine/computer/algorithm. The fewer human emotions are involved, the higher the success rate, but how can you trade without emotions when your money is at stake? It's hard. One tip is to start trading with a small amount that you don't mind losing if you want to learn principle trading well. It doesn't matter if you lose it, so you'll be less empathetic that much, and you'll be able to increase a seed little by little.
We must become traders who always think of risks (losses) before rewards (returns). Please keep this word in mind. For example, in a trading setup that costs 10 million dollars if you make a profit and 10 million dollars if you lose, rather than a mindset like “Oh, I want to win 10 million dollars quickly~”, “I may lose 10 million dollars. You must trade with the mindset of “Let’s be prepared.” This will naturally match the seed to your bowl.
Then I'll wrap up for today.
Until now, this was Tommy of the Tommy Trading Team.
Your subscriptions, likes, and comments are a big help to me.
Thank you.
$589 Dreamboy Scenario :)Just having some fun, looking at what ifs. Looking at log chart, as I know some folks use it. Fib channel indicates a pretty interesting scenario in in XRP's history from previous cycle's breakout to ATH - Seems to play nice with those levels of support/resistance. Adding in a major cup and handle to potentially lead into an Elliot Wave would be, as Mitch Ray would say, "The Jesus". Lives would be changed.... Hell, the world would change - or have already been changed?
Who knows........ What if? :)
P.S
I am not a Financial Advisor. This is not Financial Advice. I am literally doing this for fun.
Market Update - 11 Mar 2022 - BTC, DXY, and DominancesBTC not doing anything significantly since the pump and dump from Wednesday
Look locally at the reaction from the Daily and Weekly Opens.
Local liquidity is to the downside and Retail is 66% Long.
BTC is still ranging and has been for 2 months
These things rarely play out more than 2-3 months
Market open today will be interesting hopefully we can regain something on the Weekly
Simple Trend Analysis…Works on Any time frameOur 20 and 50 EMA are looking like a potential crossing point and thus indicates bullish structure remains. I posted this one to show you all the basic way to spot a trend….higher highs and higher lows are bullish behavior. Very easy way to identify this is drawing “path” tool from lowest points to highest points as long as the next one supersedes the other whether looking at bullish or bearish trend.
Best of Luck Traders. Bitcoin looks like a huge payday coming up. About to cross the 100 EMA on the daily if this pump can happen soon! That’s extreme bullish. If you have feedback or comments let me know below!
Ford two Major Support LevelsGreetings everyone,
let us take a look at the daily chart of Ford, which is currently in correction, after it misses Q4 results and, also, this week seems that a couple of production lines might be idling, due to chip shortage.
Per my opinion - and by the gods DO your own research, as this idea is clearly for entertaining, educational, and informative reasons, only, and it is not financial advice and I can't be held responsible for any loss or profits!
The first major support might be around $16,50, as it can hold the pressure and renounce to test EMA(20), or around $13 to renounce and test the previous level (of $16,50)
Risky right now, as the direction I not clear, but I am confident for those two levels...
Keep safe, keep real
please like/share/comment
Thank you
Bitcoin + FED Meeting!When looking at bitcoin on the 2hr TF we can see that it has had a very bullish week. With the Super Bowl happening this weekend and a lot of people calling it the Crypto Bowl, many expect this to have a positive effect on bitcoin throughout the weekend. Now we hear that the FEDs have announced an emergency meeting for Monday 2/14/2020 which is right after the Crypto Bowl. The market seems to already be reacting to this news and I'm not surprised because the last time this happened, interest rates were raised right away. When these rates rise a bearish effect on the stock and crypto market usually follows. We're not sure where the selling pressure will end but I do believe if we can say above the 30ks it's a good sign. I've mapped a few support and resistance zones to keep an eye on. Set your stop-losses and always remember to take profit.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
XAUUSD LONG SIMPLE SETUP!As you can see in the set up there is a symmetrical triangle which gold is respecting in the weekly and daily time frame.
The trendlines have been drawn in blue and the support and resistance is marked in red I believe gold will be bullish towards the 1840 area this area is where the trendline and resistance meets this is also a strong zone 0.786 fib zone
Entry around; 1831
Tp;1840.39
Sl; 1829.17
XAUUSD Long idea simple TAAs you can see in the set up there is a symmetrical triangle which gold is respecting in the weekly and daily time frame.
The trendlines have been drawn in blue and the support and resistance is marked in red I believe gold will be bullish towards the 1840 area this area is where the trendline and resistance meets this is also a strong zone 0.786 fib zone
Entry around; 1831
Tp;1840.39
Sl; 1829.17
Bitcoin Closing Profits & Next TradeHello,
Great return on our last call! Now we are looking for the next setup. As you can see the Bitcoin price followed our previous analysis exactly. We are now in a tricky area. As you can see we are at the resistance of the falling wedge formation.
Long positions: We will look for a break and close above the resistance level targeting ~45,000
Short Positions: Strong rejection at this resistance level will push to a new low in this trend towards the ~30,000 strong support area.
DAILY POST (1/1) - CRO TA (REPOST)- This is a repost of my previous post that got taken down because I was "not respecting the house rules" - sorry for the inconvenience caused. -
See for yourself if my scenarios worked out !
I think that we could see CRO straight up again or make another dip and then recover, I personally believe the second option an I am going to invest.
Its moves are also depending to the course of bitcoin .
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!! Planning on going LIVE on YouTube every evening during next week !! - I'll drop more info later
- based on cycle and log spike support/resistance lines
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