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Technicals

Ethereum (ETH) - Crabs remain in control!It remains anemic. For me it is not a trading zone and should be treated with caution. As it keeps making lower highs and trend is down on the daily Weekly is holding by a thread. Take action if it breaks below Below 2,300 = Red button. ------ Most altcoins look like this. Only a few are still somewhat attractive, but unless this low holds. I see no reason to blindly bid on “support”. __________ Safest entry above $3k. Treat everything as resistance until that level is recovered.
BINANCE:ETHUSD
by ZelfTrade
Ethereum Resistance Starts At $2800Ethereum flashed green on my indicator system on the 9th of September. I don't see much resistance until we move into that $2800 area. Our first resistance area will be that block of sell side pressure which coincides with the 350 DMA. Above that we have the top of our channel which coincides with an area of higher volume according to the VRVP. This is where I will begin watching closely for my indicator system to flash red. Of course, we could always break the top of our channel and continue up. The bulls will have shown a lot of strength to do so. I will try to keep you posted as Ethereum tends to lead much of our altcoin space.
COINBASE:ETHUSDLong
by stewdamus
3 Pro Tips for Managing Losing Trades,Risk, Emotions & StrategyManaging losing trades is an essential part of trading, whether you're involved in stocks, forex, or any other financial market, we have all heard traders say I haven't ever taken a loss before my strategy has 100% win rate blah blah ok really, even the best traders in the world take losses, as humans we naturally don't like to lose but in trading its a part of doing business. Here are three in-depth tips to help manage losing trades effectively: ### 1. ** Develop and Stick to a Risk Management Plan ** A risk management plan is your primary defence against significant losses. The key components include position sizing, setting stop-losses, and managing risk-reward ratios. - ** Position Sizing **: Always ensure that you're not risking too much of your capital on a single trade. A common rule is to risk no more than 1-2% of your trading capital on any given trade. This way, even if you hit a streak of losses, your account can recover. - ** Set Stop-Loss Orders **: A stop-loss is a predetermined point where you exit a trade to prevent further losses. This should be set based on your analysis and not emotions. Many traders use technical levels like support and resistance or a percentage-based rule (e.g., 2-5% below the entry price). However, it’s essential to place the stop at a level that aligns with market conditions, rather than placing it arbitrarily. - ** Risk-Reward Ratio **: Aim for a risk-reward ratio that makes sense in the long term (e.g., 1:2 or 1:3), meaning that for every dollar you risk, you aim to gain two or three. This ensures that even with a lower win rate, your winning trades can outweigh your losses. ### 2. ** Detach from Emotional Biases ** Emotions like fear, greed, and frustration can cloud judgment, leading to poor decision-making during losing trades. Psychological discipline is crucial to protect against these common pitfalls. - ** Avoid Chasing Losses **: After a losing trade, many traders try to "win back" what they lost quickly, often leading to overtrading or taking high-risk trades. This is called "revenge trading" and can exacerbate losses. Take a step back, assess the situation, and only enter new trades that meet your criteria. - ** Accept Losses as Part of the Process **: Losing trades are inevitable. Successful traders view losses as an expense or cost of doing business. They understand that even the best trading strategies have losing streaks. Accepting this reality helps you avoid emotionally driven decisions. - ** Maintain a Trading Journal **: Keeping track of both winning and losing trades can help you identify emotional patterns. Record why you took the trade, the results, and how you felt during the trade. This reflection can provide insight into emotional triggers and help you make more rational decisions in the future. ### 3. ** Adjust Your Strategy Based on Market Conditions ** Markets are dynamic and constantly changing. What works in one market environment may not work in another. Regularly review and adapt your trading strategy to current market conditions, particularly after losing trades. - ** Assess Trade Context **: After each losing trade, conduct a post-trade analysis. Did the trade fail due to poor market conditions, execution errors, or a flaw in your strategy? Recognising these patterns can help you tweak your approach and avoid repeating the same mistakes. - ** Diversify Your Strategy **: Relying too heavily on one trading approach or asset class can increase the likelihood of losses during unfavourable conditions. Consider diversifying your strategies (trend following, mean reversion, etc.) and the assets you trade. This spreads risk and can stabilise performance during market volatility. - ** Cut Losses Early When Conditions Change **: If the market conditions that supported your trade change significantly, don’t hesitate to exit the trade, even before hitting your stop-loss. For example, news events or shifts in sentiment can render your trade idea invalid. Being flexible and willing to exit early when your initial reasoning no longer holds is essential. By applying a robust risk management plan, controlling emotional biases, and regularly adapting your strategy to current market conditions, you can navigate and limit the damage of losing trades.
NASDAQ:NVDAEducation
by Costy13
2
USDCAD - Losing Steam - Shorting the Mid RetestI’ve been tracking this one for a while, and I believe it’s time to short this area after the significant bearish signal right at the top, which resulted in a failed breakout. After several months of accumulation and various breakout attempts that ultimately fell back into the range, it has now dropped below the mid-level. For me, this is a clear short signal. If it reclaims the mid-level solidly before my invalidation point, I’ll consider closing my position manually. For now, I’m targeting the range low.
Short
by ZelfTrade
2
Bitcoin - The Dip Takes No Prisoners!I doubt it will go below $58k. So stop thinking another pullback will come to re-enter back in. That's not going to happen, 55k was the second best entry option for those who missed the retest at 50k. Time to look for another entry closer to 58-59k The price action is very telling and, for the most part, the bottom is in. Will we get a double confirmation on another retest of 53-54k? Not likely. Slow climb from here to leave everyone on the sidelines!
BITSTAMP:BTCUSDLong
by ZelfTrade
Popcat - Can the cat bounce?Have a good feeling about this coin. Great performance in comparison with recent memes. Will try to buy as close to 40c in anticipation of a higher low. Overall market still undecisive but there a few clear opportunities and I see Popcat as one. Already mentioned RUNE as a long term play and obviously SOLANA. Keep in mind BTC needs to hold above 54-55k or things go from neutral to extremely bearish. SL: Will manually close this one if it fails.
Long
by ZelfTrade
8
Preparing For A Potential Double-Top HereTraders, As you all know, the SPY has been moving EXACTLY as anticipated by me the last two years. And that worries me. Don't get me wrong, I have thoroughly enjoy the profits that have come with getting it right, but what we have to be careful about when doing so well is over-confidence. Because if we don't take a couple of steps back and say to ourselves, "I could get it wrong this time", then we could likely get it wrong. The market loves to humble cocky traders. And that is why I have sold half of my longs once again ...just in case I could be wrong. So, you can all read my previous posts and calls on the SPY, but for new readers, let me just catch you up with a brief summary to give you some context. About 2 years ago, after the market had dropped and many investors thought it would continue down, I came under the persuasion that it would soon reverse. Though, I am a rookie when it comes to Elliot Wave, I had noticed some other contrarian traders and chartists had begun to explain from a fundamental basis why it would move up soon. These same investors began plotting a likely blow-off top scenario based on fundamentals, market psychology, and Elliot Wave theory. It made sense to me but I was hesitant to go full in based on this information alone. I began reading more about market fundamentals and psychology and learned that most of what I read actually supported the idea of a blow-off top. Then I spotted another pattern on the daily chart (an inverse head and shoulders pattern) which strengthened the theory even more. This pattern gave me my SPY target of 570. You can still see that Previous Target outlined here on my chart. We nearly reached that target. Missed it by a few dollars. It was there that I sold half. And right on time. The Japanese carry trade flash crashed the markets and down we went. As we were nearing the 200 DMA, I spotted a new bullish pattern on the weekly chart. This was a Cup and Handle. I bought back in near the bottom recognizing that this blow-off top was probably not at an end ...yet. Fast forward to today. We are once again nearing my Previous Target of SPY 570 and though we could move even higher (and I honestly believe we will), I want to prepare for a scenario where I could be wrong. You can see from the chart here that we may also be forming a bearish double-top or M-Pattern. If this is the case, it is wise for me to prepare for another drop soon. Thus, I have once again, sold half. Should the M-Pattern play out, I will likely buy back in around the 200 DMA (wherever this happens to be at the time) because I still believe that Cup and Handle pattern on the 2-week chart will play out and that the blow-off top will not end until we reach 650-700 on the SPY. Obviously, this forcast could change based upon significant geo-political/global events. But for now, this is how I see it going. Scenario 2: If we do not drop and that M-Pattern becomes invalidated. I will also buy back in should we exceed my previous target on the chart. In either case, updates will follow.
AMEX:SPY
by stewdamus
Bitcoin's Candle Close Today Is Significant - Here's Why.Traders, Just want to take a minute to focus on two items from my chart. First, you will notice that yesterday we dropped from our bull flag and nearly re-tested my 48,415 neckline from that inverse head and shoulders pattern we have been tracking. I had stated in yesterday's video that I assumed we would re-test the neckline much sooner and that since we didn't re-test earlier that maybe the bull channel would hold price up and inside of it until the bulls gained enough momentum to break to the upside. So far, the bull channel has held. The wicks poking down and through the bottom side of the channel aren't as significant as a body close below the channel. But yesterday's wick down can pass as a re-test of the neckline, though a body touch and close would be most positive. At any rate, you can see that the market is conflicted at the moment. The body of yesterday's candle closed slightly below the bottom of our channel, indicating that the market was ready to sell down further on any whisper of FUD. And today's body thus far is just slightly above the bottom of our channel though the candle formation itself is bearish. All this indicates at the moment that further selling remains a priority for the market pending news. Unless there is positive news and a strong close on today's candle back inside of our channel, we can expect that there will be more selling to come. On the other hand, a strong bullish move to the upside today and close inside of our channel may indicate that buyers are ready. However, make no mistake, the move must be strong and the candle close must give us another percent or two. Watch closely.
INDEX:BTCUSD
by stewdamus
SHIB Up Up Up and Away Only Believers Will be Here to StayPrice has been pushing up for a few days now and this has been great. I am still conducting research and analyzing SHIB, but do have some thoughts currently. I am thinking, SHIB is likely to continue higher after it has a decent pull back. This might happen at the 0.000015 to 0.00002 lvl. There are those that likely bought at 0.000006 or somewhere near here and will likely keep holding as long as price keeps pushing higher. If price starts ranging or has a strong push lower, there will be a lot of people who might get shaken out. Now if and when price starts pushing higher, there will be those that have been holding SHIB for a while, who will likely exit because they want to get away from the regretful feeling of getting in and having to hold for so long, to those that just want to breakeven. After these players are shaken out, I am thinking, that once price starts pushing higher (because the players that want to be in for the long haul will take the price drop as a discount to buy more) price will push back near the 0.00002, the hype might start increasing and people will come in and likely pump it up to around 0.00005. Once this happens, there will likely be another drop, to around the 0.00003 lvl, and then another pump to 0.00005. Once this is cracked, there will be a lot of news about how SHIB could drop another 0, price will pump up a little higher, then FOMO will start hitting the coin. If this happens around or near the BTC halving, price could pull back and then hit 0.00015. This would push SHIB to be the 3rd Crypto by market cap on the list, but that's if the other coins don't have similar moves as SHIB, which I think the other coins market caps will push higher also (which will likely put SHIB around the 7th or 8th position). These are my thoughts and trading carries a lot of risk. Do your own due diligence before following anyone of taking there advice and manage your own risk according to what suits you. Have some great trading own there.
COINBASE:SHIBUSD
by DollarSaenz
5
Comprehensive Analysis: Long-Term Position in Apple (Idea 1)After conducting an exhaustive examination of Apple Inc.'s fundamentals, including a meticulous review of its Annual Report, earnings calls, and other pertinent documents, I have arrived at a well-informed conclusion regarding the company's prospects. Subsequently, I have strategically chosen to position myself in this market leader. Apple's substantial Market Capitalization underscores its prominence in the global market. By amalgamating both Fundamental Analysis and Technical Analysis, this trade idea is meticulously crafted to capitalize on the inherent strengths of Apple Inc. This marks the inception of a two-part analysis, with the first segment focusing on establishing a long-term position. The entry point for this trade is set at 164.31, a level meticulously chosen based on a synthesis of technical indicators. Unlike conventional trading strategies, this approach foregoes a Stop Loss (SL) as the overarching vision is geared towards the long-term horizon, mitigating short-term fluctuations and focusing on the company's enduring value. While the Take Profit (TP) level remains subjective, the overarching strategy suggests holding the position for an extended period, allowing ample time for the investment thesis to materialize. Additionally, this entry and exit strategy provides flexibility for short-term trading opportunities, accommodating varying risk appetites and trading styles. This comprehensive analysis underscores a strategic long-term perspective on Apple Inc., leveraging both fundamental strength and technical insights to navigate the dynamic landscape of the financial markets. When you want to trade on Apple (based on this idea) than you need to set a SL (Stop loss), at 160.93$ (when you want a short trade (short timeframe) ) or 155.37$. When you are in loss you should also do DCA. Don´t forget to like (boost), follow me and comment!
NASDAQ:AAPLLong
by smarttrader012
2
🎯 Tactical Trade Proposal for Fiverr: Trade AlertThis trade idea for Fiverr is a short-term play based on technical analysis, with caution advised due to potential volatility and uncertain directional movement. The analysis does not rely on fundamental factors but rather on technical indicators. Entry: 20.68 The entry point is determined by the Fair Value Gap (FVG) and supported by demand zones (SMC). This entry presents the optimal scenario when the FVG is above the demand zone. Stop Loss (SL): 19.86 (-0.50% from demand zone) To manage risk, a stop loss is set at 0.50% below the demand zone, offering protection in case the trade moves against expectations. Take Profit (TP): 22.37 The take profit level is set at 22.37 to capitalize on potential upward momentum. Beyond this level, there are indications of bearish momentum, hence offering a suitable exit point. Note: If the price approaches within 0.10% of the target and shows signs of further decline, consider closing the position prematurely to secure gains or minimize losses. Remember, this is a short-term trade idea, and it's essential to monitor the price action closely and adjust strategies accordingly. As always, manage risk diligently and consider your risk tolerance before executing any trades. Write in the comments how you find this idea!!!
NYSE:FVRRLong
by smarttrader012
5
Following the Plan, The Winner EURUSDIn the beginning of the year, before I start trading, I conduct my review and research and analysis (R/A) on what I am going to trade. For the EURUSD, this is what I put down on December 31, 2022, 12:33est EUR: the ECB is looking to raise rates to fight off double digit inflation. They might have to raise rates quicker than they are thinking to fight inflation. There is also the Russia/Ukraine issue that is going on, with the EU looking to cap Russian Oil. Price is pushing higher, which I think will be able to hit 1.10 at least. Eventually I think price will push lower as the economy stagnates and a possibly recession is induced. I am thinking of getting in this pair, but I am going to wait until price pushes to 1.10 and then decide from there. If the FED diverges with the ECB, the same might happen like in 2015, where price starts pushing higher as the FED starts to wind down rate hikes and possibly reduce rates, which the ECB pushes rates higher. I am thinking that possibly at the end of the year price might be around 1.15, but that is dependent on what happens with the EU economy. On March 04, 2023, 09:34est, this is what I had jotted down: EUR: the 1.10 lvl and the 1.05 lvls are prices that are catching my eye. If price is able to crack the 1.10 and hold above it, price is likely to continue higher. Price might be able to do this if the ECB remains hawkish and the FED starts becoming more reserved in their rate hikes. The ECB is going to raise rates by 0.50% this upcoming rate decision and three other times. If the ECB becomes increasingly hawkish, price will be able to gain a lot of momentum higher. If the 1.10 lvl is broken, price might be able to hit 1.12, but I am not too sure about 1.15. The reason being is the Euro Area economy is hanging on. Almost everything is declining, inflation is high, and the ECB has to know it is in a tough spot. On March 26, 2023, 11:16est: EUR: the ECB is hawkish and is will to raise rates further. But with the banking issues and their economy tethering on the brink of a great recession like style as the US, I am not sure if they are going to eventually pull bank. If the data in the US mints higher, then it will be interesting to see where price on there goes. Traders and investors always want to move too safe havens, so if the data does mint higher, it is likely that price will push lower. I am thinking that the EUR might be able to hit the 1.10 lvl, which will likely become a strong resistance. I stopped trading for a while due to training and other things that came up. But in July 28, 2023, 23:42, I conducted a rollup and on the EUR/USD I typed up: EUR: getting into a short position and holding might be the best bet. The Euro Zone compared to the US economy, is one sided, with the US economy winning considerably. GDP is at 0% (QoQ), unemployment at 6.5%, wages is growing though, inflation at 5.5%, balance sheet is shrinking which means banks and businesses and so on are losing capital and having to rein things in, interest rate is at 4.25%, industrial and manufacturing is negative and condensing, retail sales is showing that people are not spending, and housing is pushing lower. The Euro Zone economy has stagnated and seems to be going through what the US went through in the 70’s. So this might come to fruition and price might be able to hit the support at 1.06 and possibly parity. If there is a goal to dethrone the USD, it might take awhile if the other currencies aren’t able to prop themselves up. So.......... what I see is that the EURUSD is moving how I've been speculating and following through with what I've been thinking. With the FED thinking about pausing on rates but keeping interest rates at current lvls for a while and the ECB looking to pause on rates hikes while inflation is still high, this could be enough of a mixture to push the EURUSD lower. The 1.10 lvl is causing a lot of issues for price to push lower, but I think overall, price may have enough momentum to push to the 1.08. I have a short position on this pair to see if I am correct or not. If price does move against me and does push higher, I'll get into a hedge and see about reducing risk. Do you own due diligence. This is the way I trade and my own R/A for education purposes. Trading has a lot of risk, so protect yourselves and trade your own way. Have some great trading out there.
by DollarSaenz
After a 300% Run Mind has Retested and Gearing for More!First caught my attention by the scanner 🔎 *Symbol*: `MIND/USDT` 📈 *Signal*: `Long` 💲 *Current Price*: `0.005523` 🛑 *Stop-Loss*: `0.0029251700000000004` 💰 *Market Cap*: `0` 🚪 *Entry Prices*: 📥 Entry Price 1: `0.00422966` 📥 Entry Price 2: `0.00476767` 📥 Entry Price 3: `0.0052025000000000005` 📥 Entry Price 4: `0.005637329999999999` 🏁 *Exit Prices*: 📤 Exit Price 1: `0.00845267` 📤 Exit Price 2: `0.00932233` 📤 Exit Price 3: `0.01073` 📤 Exit Price 4: `0.01213767` i realized this coin doesn't have an extensively long history, in fact it's very brief. But Recently We had a 300% Run. After that we Retested heading all the way down close to where a stop loss would be considerable at the bottom Fib Channel. On the other hand after a 300% a Correction is not only expected it's required. Here are the the multiple reasons we'll Consider MIND a Continuation We Have a Huge Breakout and the Swing Low Following Stayed above .213 Fib on Extension Shortly After the Moving Average Providing Support Moved up through the Fib Channel it was Wicking toward during Correction When ADX bottomed and turned around, the MACD Failed to break the signal line and signaled a buy now showing Strength
Long
by Tracking_Technicals
something technicalsDISCLAIMER NO BUMS allowed, if you don't like making money and consistently downvote radical ideas and thinking because you are bitter and haven't made money for the past 12 months, then stop following me and LEAVE. This is a strictly NO-BUMS allowed post.... The previous week's NFP data session exhibited significant volatility, offering opportunities for both bears and bulls. However, amidst the fluctuations, the price action formed a distinctive heartbeat pattern. These patterns are more prevalent than commonly perceived, and by carefully examining various time frames, you can identify them. I particularly appreciate this pattern due to its vast profit potential. However, success in capitalizing on it depends on having a clear understanding of the market dynamics and all movements will be data driven. It should be considered as a consolidation point as market participants decide on the next direction. On Monday we the CPI, equally as important but I don't think it will be as volatile. What will be important will be the fed speakers, all scheduled to speak on Tuesday, Wednesday, and Thursday! Now lets zoom out to a monthly TF, again we are printing the same heart beat pattern. Still one of my favorite to accumulate a lot of money very quickly, but only if you know what you are doing!
Long
by Macro-Traders-Strategies
GBPUSD SELLSo here we have price forming lower highs and respecting our MA's. I don't usually rely this much on my MA's but since price has repeatedly rejected on the 30 min TF during the London session, theres indication buyers don't have enough liquidity in the market, and with US news coming out shortly and giving the economic month we had in December last month, the dollar could increase due to consumer spending. I'm price to retest my entry level for more confirmation in a bearish trend. Hopefully my SL isn't too tight lol. Please leave some feedback!
Short
by BandmanB3