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Intraday Price Movement & OnchainHello Traders In the past few years, the volume of bitcoin has decreased each time Christmas and New Year are close. This can also be seen in the candles; we might see less volatility in the price. So let's dive into today's analysis; as shown in the chart above price is consolidating after the bearish momentum. On the On-chain side, I screenshotted two metrics from Glassnode to show you how crazy today's On-chain activities are. Coin Days Destroyed (CDD) for any given transaction is calculated by taking the number of coins in a transaction and multiplying it by the number of days since wallets last spent those coins. So there was a spike in CDD, showing us that there's a risk in the market. On the other hand, the realized loss shows that so much bitcoin was transferred in loss, meaning the price can see a bullish movement today. I still stick with the previous analysis I shared. For today I see bullish consolidation or a bullish breakout, and for upcoming days I see a pullback that I mentioned in the previous post. Note that this is an Intraday analysis and is only valid for a couple of days or even hours. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the boost button and follow me so you will get the updates. The information given is never financial advice. Always do your research too. Good luck.
by Crypto_MD
6
EUR/USD overbought short +9.4% 12/15/2022 Tried this a bit earlier when RSI started to break trend but was stopped out after seeing a quick profit, trend was still too strong. Entered again when confirming overbought area. +DI started to break its trend and trend downwards, RSI broke trend & candle was starting to close within Bollinger Bands. As I type this has continued a bit further down and you could use the middle bollinger as a take profit yet fighting the trend I did not & recommend not doing that. We shall see if it hits that area later & maybe I'll do an update of where this trade could have landed but I have a Secret Santa & lunch out today for work so don't know if I will have the time :) until next time amigos!
Short
by niksidnayr26
my day trade plan on NETFLEX.Disclaimer: I do not give solicitation to buy or short == I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at. So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
NASDAQ:NFLXLong
by Composed_Trader
Educational Series: Trading with Boxes (Part 1)Boxes are drawn on the chart of any timeframe, depending on the trader's preference. Typically, drawn on the - H1 timeframe identifies short-term, weekly trend and interim support & resistance levels - H4 timeframe identifies medium-term, monthly trend and key support & resistance levels - Daily timeframe identifies longer-term trend and major support & resistance levels. These boxes help traders identify momentum and is used as a trend-following indicator. However, these boxes do not predict or anticipate a move. Instead, it reacts to the price movement. Drawing the Boxes 1) Identify the Highs & Lows of the period (Day/Week/Month) 2) Draw a box encompassing the Highs & Lows with a box Basically, on the H1 chart, you would have drawn a daily candle (without tails or shadows). Support & Resistance levels with Boxes When the lows of 2 boxes align, this can form a support level. In another example, if a series of boxes form a high within the same area, this could form a resistance area.
Education
by JinDao_Tai
GBPUSD Short Thesis The GBPUSD is a no-brainer to sell currently, the U.K economy is a joke and the FED is pushing hikes which are leading up to another suspected bullish rally on the USD. We are currently working on our plan of attack for this trade. As the price has broken below strong weekly support, in terms of technicals it would make sense for the price to re-test as resistance, however, due to the current state of the U.K and the FED, it appears it is likely enough selling pressure for price to have a clean break and continue bearish. We will be waiting for today's daily candle to close. We need to see an engulfing bearish candle in order for us to still see this as a valid position. 📉 Our Take Profit is at untouched support since 1985. This is likely to act as a magnet in this case. *Remember, don’t rush, let price meet YOUR requirements* Look at my other trading ideas Comment your opinion below (every comment/question gets answered)
Short
by Elite_Forex
BITCOINS BOTTOMS IN SINCE JULY 4TH ! BULLMARKET WILL START...After we break and candle close above this huge falling wedge which is bullish that we have been in for over a year that's the big news on the day so on smaller macro we are in a small rising wedge which is bearish , i know everyone is calling bottoms to there best educated guess but mine is strait technical based on the RSI going back to 2011 every time the rsi crossed below the 30 on the weekly TF time frame we were in the bottom going back now 3 bull/bear 4 year cycles. so we crossed the rsi below 30 on July 4th 2022 so once we break the small rising wedge and we retest the bottom we put in perfectly then I see us next going up to break the huge falling wedge and u know the target on wedges are at the top or bottom of wedge so this means we will start pumping to our all time high in the next few months after that break because that's where this falling wedge started and I think after our next bitcoin halving our new ATH all time high will be next approx. between 180K and 250K based on math and past cycles, what do u guys think? u can follow and if I'm right can go back and like and tell everyone i picked the bottom 100% correct before anyone else lol
BYBIT:BTCUSD.PLong
by TRADERBUG_TECH
2