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SOL/USD - UpdateSOL has broken the uptrend channel by dumping sharply from the resistance line, as predicted on the past post (blue line). It was most likely a bear flag in Higher TF. Currently, the price has broken its pattern, but it is still building LowerLows. You can stockpile some now that the price has dropped below $100, spot hold mode. The next significant support zone is between $79.00 and $82.00. <———————————————> ☑ Follow, Comment & Like ☑ Create a civil and healty discuss in the comments and share with me your toughts Thanks and Happy Trading!
COINBASE:SOLUSD
by CryptoTradersWW
BTC - is approaching to our Final target and New 1H entry timing- BTC is squeezing and breaking out the short-term downtrend line on 1H. The 1st target on 1H is 45500, which is also the 3rd target I set from last entry opportunity. (If you are following it, you are gaining profit now) Here is another entry timing, and trading strategy as below. - Profit Targets: a) 45500----Fib(1) b) 46746~47250----Fib(1.272~1.382) Stop losses: a) 42650----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
1
⭐ ZOOM OUT ⭐ ZOOM OUT 1️⃣ When preparing to take a trade, it is better to take a broad look at the charts. 2️⃣ Taking into account the higher time frame charts, makes you see the bigger picture of the market structure and have a better bias. 3️⃣ Analysis carried out on the daily (1D) and four hour (4H) gives you "stronger entries" and reduces the chances of having false signals. 4️⃣ Of course there are different types of traders, and the SCALPERS would not want to stay long in the markets thus trading the smaller time frame. This can also be done with reference to higher time frame zones by scalping only when the market is around a strong reaction point from the higher time frames. 💥 ZOOM OUT
Education
by Sage_Trader
ETH - 2 Great scenarios for EntryBYBIT:ETHUSDT 1H trend chart - ETH is getting a correction after a CH pattern completed(target is 3400) Here, we can wait it to retest and show support at long-term downtrend line, the better scenario is that hit 144/169ema, then rally back to 12ema quickly. It would be a great entry timing to long. Also, a bullish flag is forming on 1H, so there is another timing to take entry if broke out this flag. - Profit Targets: a) 3235----Fib(1) b) 3414.25~3486.75----Fib(1.272~1.382) c) 3564.5----Fib(1.618) - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
WHAT IS AN ETF? (Exchange-Traded Fund)📚 ✅An ETF is an exchange-traded investment fund. The fund's management company draws up a strategy and acquires assets in its portfolio, and then issues shares - small shares of this portfolio. When selling an ETF, the investor pays tax in the same way as if it were ordinary shares. ✅If 40 years ago only 6% of American families invested money in investment funds, now they are about 46%. At the end of the third quarter of 2020, $29.5 trillion was invested in open-ended investment funds in the United States — this is almost half of all assets managed by funds around the world. ⚠️What instruments are included in the ETF 🟢The fund's portfolio may consist of any instruments traded on the stock exchange. For example, stocks, bonds, currency, precious metals. Their ratio depends on the fund's strategy. Once in a certain period, the management company reviews the portfolio and rebalances, that is, sells some assets and buys others. 🟢All actions are subject to strict rules, from which managers cannot deviate. All information about the composition of the ETF and the frequency of portfolio rebalancing is available in the fund's documentation. 🟢ETFs can consist of securities, precious metals, derivatives - there are practically no restrictions. Therefore, today there are thousands of funds with very different structures. For example, there is the Global X Millennials ETF— which is a fund for shares of brands beloved by millennials. Or Direxion Work From Home ETF - it invests in services that benefit from the widespread transition to remote work. ❗️What are ETFs 🔴When a fund copies a stock index, it applies replication, that is, it exactly repeats the composition of the index. There are two types of replication — physical and synthetic. If an ETF uses physical replication, it buys the index assets themselves - stocks, bonds, and everything else. 🔴If a fund uses synthetic replication, it does not buy the index assets themselves. Instead, the fund uses an index derivative — an agreement between the parties that the transaction will be executed. A change in the value of the index entails a change in the value of the derivative. On the one hand, this is beneficial for the investor, but on the other hand, a complete repetition of the index may be inaccurate. In addition, there is a risk that the derivative provider will not fulfill its obligations. 🔴In index ETFs, the investor should pay attention to the error of following or tracking error. Let's say the IMOEX index has gained 12% over the year, and the ETF for this index has only 11%. The management costs in this fund are 0.5%, which means that the remaining 0.5% is a follow-up error. This indicator should not be too large, because, in the end, it affects the profitability of the fund. If the fund deviates greatly from the index, the managers do not do their job well. ‼️How the price of an ETF is formed 🔴Shares in ETFs are called shares, they have a market and settlement price - iNAV. 🔴The estimated price is the value of all assets included in one share of the ETF. It can be viewed on the fund's website and the stock exchange. 🔴The market price depends on the supply and demand in the market and differs from the estimated price. It is not profitable for the Fund that the difference between them is too large, otherwise, investors will not buy shares. The market maker makes sure that the price on the stock exchange does not fluctuate much. He puts out large bids in a certain range. The current market price of the fund's shares can be viewed on the stock exchange or in the terminal. 🔴ETFs are a convenient and simple solution for investors who want to get "all in one". For example, they do not want to make a portfolio with their own hands or buy index assets separately. This tool is easy to buy and sell at any time. We can say that an ETF is trust management without red tape with documents and time limits. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
19
LINK - is ready to build this Cup and Handle?BYBIT:LINKUSDT 1H trend chart - LINK has a potential Cup and Handle formation on 1H. If price can overcome the downtrend line, this pattern will be completed, and trading strategy as below. - Profit Targets: a) 17.889----Fib(1) b) 18.278~18.435----Fib(1.272~1.382) c) 18.773----Fib(1.618) Stop losses: a) 16.712----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
1
BTC - Entry timing from this bullish signalBYBIT:BTCUSDT 4H trend chart - Key Resistance for BTC 1) 39000-----Tops of triangle(mentioned in last post) 2) Long-term downtrend line from ATH BTC is approaching to them now. These two resistance can be combined as a key level, needed to be overcame for BTC to go back to bullish path. If it can break out the resistance, trading strategy as below. - Profit Targets: a) 39661~40221.5----Fib(1.272~1.382) b) 40795----Fib(1.618) c) 42047.5----Fib(2) - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
by EthanTW
⭐ THE HOLY GRAIL💥 There are varying concepts, strategies and ideas regarding trading. The primary objective is to stay profitable no matter the kind of strategy you use. 💥 Ironically some traders have this idea that there's one strategy that stands out amongst every other one out there. In my opinion, that's BS. 💥Anything and everything works in the market as long as it is back-tested with proven returns. Even the basic Support and Resistance can outperform the most sophisticated strategy if used properly by the trader with consistency and proper risk management. 💥 Every strategy out there has flaws and cannot guaranty 100 percent success rate. There will be losses and inadequacy with every given strategy out there. ***There's NO HOLY GRAIL in trading. Find that strategy that is in line with your trading style. Back test to measure the success rate, if good enough, stick to it and remain consistent with it. Sage Trader's Nugget
BLACKBULL:SPX500Education
by Sage_Trader
GALA - Good entry timing and TP/SLBYBIT:GALAUSDT 1H trend chart - GALA broke out the downtrend line on 1H, and retested it before. It's kind of support transformation from resistance. Also, there is a potential double bottom formation, so we can take entry here with trading strategy as below. - Profit Targets: a) 0.21050----Fib(1) b) 0.21925~0.22279----Fib(1.272~1.382) c) 0.23037----Fib(2) Stop losses: a) 0.17948----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
BTC - Buy it when the pattern formedBYBIT:BTCUSDT 4H trend chart - BTC is forming a potential double bottom on 4H. Resistance will be 38769, pattern will complete once price break out it. If BTC can take out the resistance, trading strategy as below. - Profit Targets: a) 39661~40221.5----Fib(1.272~1.382) b) 40795----Fib(1.618) c) 42047.5----Fib(2) Stop losses: a) 36632----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
ETH - Possible double bottom hereBYBIT:ETHUSDT 1H trend chart - ETH is trying to touch the accumulation zone which have so much resistance. So it's better for ETH to get pullback again until hit the support from uptrend line, then will form a double bottom. - Profit Targets: a) 2600.25~2611.05----Fib(1.272~1.382) b) 2634.3----Fib(1.618) c) 2671.9----Fib(2) Stop losses: a) set it at the right low of double bottom - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
4 Harmonic Patterns Every Trader Should Know 📚 Hey traders, In this post, we will discuss 4 phenomenally accurate harmonic patterns that you must know. 1️⃣The first and the simplest harmonic pattern is called ABCD pattern. This pattern is based on 3 legs of a move: ✔️Initial impulse (bullish or bearish). AB leg ✔️Retracement leg with a completion point lying within the range of the initial impulse. BC leg. ✔️Second impulse with a completion point lying beyond the range of the initial impulse (it must have the same direction as the initial impulse). BD leg Equal AB and CD legs indicate a highly probable retracement from D point of the pattern. ❗️Please, note that the time horizon and the length of the impulses must be equal. 2️⃣The second harmonic pattern is called Gartley Pattern. This pattern is based on 4 legs of a move and has a "W/M" shape form. To identify a Harmonic Gartley Pattern we measure the retracement of B/C points with Fib. Retracement tool and extension of D point of a harmonic pattern with Fib. Extension tool: ✔️ - The retracement of B point should lie between 0.618 level and 0.786 level of XA leg (Fib. Retracement of XA) *it can touch both 0.618 and 0.786 ✔️ - The retracement of C point should lie between 0.618 level and 1.0 level of AB leg(Fib. Retracement of AB) *it can touch both 0.618 and 1.0 ✔️ - D point should lie strictly on 1.272 extension of AB leg (Fib. Extension of AB) *it should strictly touch 1.272 Such a formation indicates a highly probable retracement from D point of the pattern. 3️⃣The third harmonic pattern is called Bat Pattern. This pattern is based on 4 legs of a move and has a "W/M" shape form. To identify a Harmonic Bat Pattern we measure the retracement of B/C/D points of a harmonic pattern with Fib. Retracement tool: ✔️ - The retracement of B point should lie between 0.5 level and 0.618 level of XA leg (Fib. Retracement of XA) *it can touch 0.5 but it can’t touch 0.618 ✔️ - The retracement of C point should lie between 0.618 level and 1.0 level of AB leg(Fib. Retracement of AB) *it can touch both 0.618 and 1.0 ✔️ - The retracement of D point should lie strictly on 0.886 level of XA leg (Fib.Retracement of XA) *it should strictly touch 0.886 Such a formation indicates a highly probable retracement from D point of the pattern. 4️⃣The fourth harmonic pattern is called Cypher Pattern. This pattern is based on 4 legs of a move and has a "W/M" shape form with C point lying beyond the range of XA leg. To identify a Harmonic Cypher Pattern we measure the retracement of B point with Fib. Retracement tool and extension of C point with Fib. Extension tool: ✔️ - The retracement of B point should lie between 0.382 level and 0.618 level of XA leg (Fib. Retracement of XA) *it can touch both 0.382 and 0.618 ✔️ - The extension of C point should lie between 1.272 level and 1.414 level of XA leg(Fib. Extension of XA) *it can touch both 1.272 and 1.414 ✔️ - D point should lie strictly on 0.786 retracement of XC leg (Fib. Retracement of XC) *it should strictly touch 0.786 Such a formation indicates a highly probable retracement from D point of the pattern. 🦉What is good about these patterns is the fact that they are objective. Since each point of the pattern is measured with Fibonacci levels, one can avoid subjectivity. Try harmonic pattern trading and you will see how efficient this strategy is. Do you trade harmonic patterns? ❤️Please, support this idea with like and comment!❤️
COINBASE:BTCUSDEducation
by VasilyTrader
33
MASK - Buy after this resistance brokenBYBIT:MASKUSDT 4H trend chart - MASK is on the path if uptrend line, and it's approaching to the resistance $6.29. If price can break out Fib1, trading strategy as below. - Profit Targets: a) 6.715~6.890----Fib(1.272~1.382) b) 7.255----Fib(1.618) c) 7.855----Fib(2) Stop losses: a) 5.280-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
BNB - Potential TP of Cup and HandleBYBIT:BNBUSDT 1H trend chart - BNB is forming a possible cup and handle on 1H. Here is the status of handle building. If price can break out downtrend line, trading strategy as below. - Profit Targets: a) 397----Fib(1) b) 407.15~411.25----Fib(1.272~1.382) Stop losses: a) 381.45-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
BTC - Entry for Short and good R/R ratioBYBIT:BTCUSDT 1H trend chart - BTC is forming a potential HS pattern on 1H. Also, it is going to show Vegas entry of short(if closed below 12ema) So, we can short it with a nice risk/reward ratio, and trading strategy as below. - Profit Targets: a) 35701----Fib(1) b) 34834~34483.5----Fib(1.272~1.382) Stop losses: a) 37218-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Short
by EthanTW
2
ONE - TP/SL for this triangleBINANCE:ONEUSDT 1H trend chart - ONE is converging in a triangle, and there is a possible bottom in it. If price can break out the downtrend line, trading strategy as below. - Profit Targets: a) 0.2----Fib(1) b) 0.20892~0.21252----Fib(1.272~1.382) c) 0.22026----Fib(1.618) Stop losses: a) 0.18802-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
ETH - Possible inverse head and shouldersBYBIT:ETHUSDT 1H trend chart - ETH is forming a HS pattern on 1H trend. We can buy it here gradually and open more after breaking out 2548 - Profit Targets: a) 2654.9~2698.15----Fib(1.272~1.382) b) 2744.5----Fib(1.618) Stop losses: a) 2348.85-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
BNB - the end of falling? and another short timing1H trend chart / D trend chart - From the right side chart, we can notice that BNB falls seriously while breaking out the uptrend line. And it is gonna find support with previous accumulation zone, which will be a nice long timing for left side trading. From the left side chart(1H), BNB might rally back to 410~420 to hit 144/169ema and the broken uptrend line. It will be a good short level if price meets 144/169ema then gets pullback to 12ema, which meets 1H Vegas shorting entry. - Profit Targets: a) 316.5----Blue horizontal ray b) 254.6--------Blue horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
BINANCE:BNBUSD
by EthanTW
1
ATOM - Nice levels for Short and LongBINANCE:ATOMUSDT 1H trend chart - ATOM is resisting to fall continuously, but the H1 Vegas tunnel is forming bearish structure. If price goes back to 144/169ema, but breaks down through 12ema quickly, it's a good level to short. - Profit Targets: a) 27.92----Blue horizontal ray b) 25.1--------Blue horizontal ray - Also, we can see an accumulation zone around 22~24. So it'll be a good bottom for buying with left side trading. - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
by EthanTW
2
BTC - little pullback, but still not the bottomD trend chart - Pattern BTC shows a serious dip after penetrating the long-term downtrend line, and also forms a big head and shoulders. The first targets of HS will be 31000~28000. Possible bottom Although it seems trying to stop falling, but the reasonable bottom is 28000, it's not only the satisfied level of Fib, but also the previous lows. Volume Moreover, notice that every relative bottom areas accumulated big volume. So we can observe bigger volume shows or not in near future. - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
COINBASE:BTCUSD
by EthanTW
3
NEAR - Buy it with these TP/SLBYBIT:NEARUSDT 4H trend chart - NEAR has broken the short-term downtrend line. And it also met 4H Vegas entry. So we can open position here with good R/R ratio. - Profit Targets: a) 18.714----Blue horizontal ray b) 20.597--------Fib(1) c) 22.635~23.460--------Fib(1.272~1.382) Stop losses: a) 16.122-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
3