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Technical-analysis

Forget Bitcoin and watch this textbook TA!Away from the action on BTC and the S&P500, I'm making big profits on hidden gems, like this UK stock. A classic TA inverse head and shoulders setup! Straight out of the dusty textbooks. Strong volume on the left shoulder and weak volume on the right shoulder, just as it should be. I bought just above the breakout line. The breakout is clean, retests to a perfect level and then takes off like a rocket! Beautiful. (and highly profitable).
LSE:PPSEducation
by GlenGoodman
7
It was actually a wave 5Updated count on YETI since by B wave count was wrong. Overshot the 1.272 for wave 3, indicating that the 1.618 will likely be reached. This puts us at $38.50 range to complete the 5 waves up, confluence by 2 pitchforks and 3 major fib extensions. Looking for a retracement to $34 before going long for this move. Preparing to short above $36 and continue positioning through the target. I stretched a fib retracement from the target price and the levels land nicely where we see recent price action. Wave A should slice thru to $30- 33, break the major pitchfork and continue down to $23-25. The 786 level cant be ignored down at $18. Note the RSI bearish divergence.
NYSE:YETI
by warrenbudget
ETHEREUM - A crucial moment for ETHEthereum is being pressured by two opposing forces. The breakout upwards from the blue triangle created a strong support line (the horizontal blue line), but it quickly encountered strong resistance at the level of the dotted blue line. This was the point at which Ethereum broke downwards last November. Now it has formed a Head & Shoulders pattern which would usually be resolved with a strong move downwards. But in this case, the strong blue support line is resisting this downward move. If ETH moves upwards, in a Head & Shoulders rejection move, it will again encounter resistance at the dotted line.
BITFINEX:ETHUSD
by GlenGoodman
9
Reading NEWS Daily would make you a BETTER Trader Overall!Well, there are three types of traders we can come across and all of them believe their method of trading yields them profits, be it using only indicators and price action (Technical analyst) or reacting to news whilst trading (fundamental analyst) or trading according to market sentiment (sentimental Analyst)! In most circumstances we can only see that some traders lets take for instance technical analysis traders, they only perform their trades based on analysis of the charts by using patterns and indicators!. While there may be few traders who combine Both fundamental and technical analysis to execute their trades, most of them do NOT prefer to do this method particularly as they believe "its take a lot of effort to combine these two techniques which would eventually result in executing less trades when compared to using single method!" Whereas the above statement holds true, it can also be fairly said that the combination of the three techniques (technical, fundamental and sentimental analysis) gives a trader more confidence and trust in his/her analysis!. Take for example myself, i used to execute around 2 trades daily when i was basing my analysis solely on technical perspective. These days i only execute around 5 trades a MONTH due to i combine all these 3 techniques which gives me more confidence and trust in executing my trades! I also noticed that since my trades are high probability setups, my win rate is way better when i was using on technical analysis alone. These days i hardly do DAY trading as i spend most of the time reading news and chart analysis to find high probability trades on higher time frames (DAILY, WEEKLY & RARELY 4HR). What i have come to realize in all these years is that SWING trading gives me more accurate results and high win percentage. I do NOT expect to double my account in a month's time, but i trade using risk management and just execute enough trades to make what i can without being stress and blowing up my account! So my advice to all you guys would be to try to combine both fundamental and technical analysis to execute your trades. Here is a big TIP for those that only use technical analysis to execute their trades: TRY TO SPEND 1-2 HOURS A DAY READING NEWS ON APPS SUCH AS INVESTING.COM (BOTH ANALYSIS AND NEWS SECTION), MYFXBOOK NEWS SECTION AND TRADER SENTIMENT SECTION, HAVE A LOOK AT SOMEONES ELSE IDEAS ON TRADINGVIEW.COM If you keep this a habit of reading news and analysis together whilst performing your own too, you will develop a GUT feeling technique that is unique and which will likely tell you where the market is headed prior to you even performing your technical analysis! Its a very special technique but it takes time and habit to develop. Here we see the main of GOLD (XAUUSD) pair i has a gut feeling would reverse and dip slightly because markets were in RISK ON mood. Now this pair is on its way to form HEAD AND SHOULDERS PAttern which is on the verge of breaking the neckline. Now the pattern is not yet complete because the technically the neckline has not broken, but i have a GUT feeling that it would break soon enough and target the ascending trendline beneath at 1260.000 level. its a very special technique and i hope some of you could combine them and use it to your greater advantage! Cheers
OANDA:XAUUSDEducation
by FX618Analysis
VISA... SAME AS PAYPAL. SHORT IT!Made a VISA chart to compare against my paypal TA. very similar wave structure, but paypal will have more volatility. See my short term PYPL chart for entry targets. Looking at major indexes (SPY/ DJI), the top is close. Whether youre a bull or a bear, the top of this 2019 rally is close... Algos will certainly be selling the ATH's if we even get that close. Check out the daily 200 MA's... right at the 0.618 for these stocks. Target here for a leg down.
NYSE:VShort
by warrenbudget
Sir, the channel has been takenThe channel is gone, just as we predicted. It's a sad day to lose such a strong channel, especially for you bulls out there who stayed optimistic. Earlier, bitcoin bounced out of the channel that it was steady trending in due to a quick 1 hour bump in bear volume. If this pressure keeps up, expect to fall all the way down to the .5 fib level, where heavy bear volume bounced bullish earlier last week For you bulls out there - it's a waiting game. Wait till you see confirmation after a new trend formation. For you bears out there - you might see some more gains once this .382 fib level is broken. For you newcomers, it's a 50/50 right now. be careful entering with leverage What do you think? Is this just a head-fake, or are the bears taking back some control? -Block
BITFINEX:BTCUSD
by block21e8
2 Paths 1 Opportunitty for ETH signalBulls are tired so I am inclined to think it will be the bearish option in any case I will either short or Go Long at those entry points resistance and support match Fib Levels and if macd and psi are positive for either of those options on multiple time frames whey will validate the direction . If you want to be even more sure candles should be closing or very near closing to the Bollinger bands either the upper band if Long or the lower band if Short will update before taking the trade.
KRAKEN:ETHUSD
by bourda
Wow! What a dogi!! Incoming ... Big Candles!I first published this chart set up via screen shots posted to twitter. Feb 23rd, 2019 See @golftothecore on twitter. This setup was posted just after the last giant narrow dogi with long wicks above and below (red dogi). I added the "slam down zone" on March 8th. Again, check the twitter. This chart set up was a word to the FOMO crowd ... Exercise due diligence and wait for the market to come to you. Make your own f**king coffee, skip Starbucks, and put lottery money in. Stop buying scratch offs and DCA BTC at the bottoms of long red candles ... BTC fell right into my first purple zone. Incoming, Incoming! Giant candle! This is the first time I am publishing to Tradingview. Cheers, Jeffrey Jay Moore
BITFINEX:BTCUSDEducation
by toeintocrypto