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We adjust our negative stance on EUR/USD to neutralFollowing a week where we saw the Fed pause and the ECB raise rates, the Euro is looking a bit more positive and we will for now drop our negative bias and adopt a more neutral stance to see how it deals with tougher resistance near the 1.11 mark. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
by The_STA
BTC - Make Or Break Zone! 💣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🗒 As per my last educational post, we know that the bulls took over after breaking above the falling flag #4 📌 BTC is now approaching a strong rejection zone: 1- Round number => 30,000 2- Classic Support Zone Turned Resistance 30k - 32k 3- Supply zone (marked on the chart) 🏹 For the bulls to take over from a Marco perspective , we need a weekly break above 32,000 Meanwhile, the bears can kick in around 30k - 32k for a bearish correction before the bullish take over again. We will be monitoring price action on lower timeframes to confirm it. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
31
How not to miss an opportunity. I found out about Bitcoin many years ago when it was in prime time only to be associated with organized crime , scams, and money laundering. And that remained deep in my mind. Since jail seemed a bad idea, I convinced myself that crypto it’s not for me. As time went by, I didn’t see the good fortune because my mind was still relating Bitcoin to a dark area . Something kept me from buying and I didn’t know what. As I was on the dark side, I am now thinking that the ones who listened to another side of the story, the winning side, greatly benefit from it. Later I found out that psychologists have a name for my burden and it’s called Anchoring bias . It is described that first introduced knowledge on a subject has a great impact on our later decisions . The first details I come upon Bitcoin unconsciously affected my judgment and kept me in a do not act state of mind and made me miss my chance. That’s when I found some ways to improve my decision-making process and to look at data from another perspective , which I am going to share with you. But first, let’s take a glimpse at anchoring bias, an error of our mind present in many aspects of our lives, which usually works against us. Picture yourself in a shop on Black Friday. Would you buy an item for 150$ and how would that make you feel if you knew that it was discounted from 200$? We tend to look at the price of 200$ as an anchor that quickly drives our behavior to a decision to act. Similar to adjustment bias, comparing the 200$ item now seems like a bargain. The same thing happens in trading. How do we know whether a stock is overpriced or not? By comparing it with past quotations that act as an anchor. Is BTC overpriced at 20k? We all would agree that in 2017 it was, but how about now? These anchors make us act unwisely and take unconscious decisions with small returns. This could lead to unsatisfying results, frustration, or wipe our account over the long run. Once you get better at identifying the anchoring bias, you can use it to your advantage. Think about what makes good and strong support & resistance. The perception is that a large number of investors credit that bid as a fair value for them. So what should we do? T o have a better understanding of what drives our choice it’s important to double-check our mindset, emotions, and the data that we encounter. Does it help us or it could be a potentially harmful anchor? What is the context of the news? In the example above, could we consider solely that 150$ is a fair price, without the 200$ price before the discount? Also, if you have a strong assumption about a subject, try to look at other points of view, not to change your mind but just to reinforce the reasons you already have. Remember that the first step into overcoming a bias is to be aware of its presence and next just look inside you to find proof that drives your decisions. So, let’s recap Find context - Figure out if the price you set for your buy order is a fair one or if you find it good compared to the day before. Find anchor - Do I want to invest in this company I have never heard of before just because my cousin thought it was a good idea? Observe - Do I have doubts about this buy? Do I follow my plan or I am unconsciously driven to make this purchase Review - Have I looked at other oppions?
COINBASE:BTCUSD
by TheSimpleThinking
AMB : BREAKOUT TIMING Previously, we shared a trend chart of the AMB coin that indicated a potential increase, and we did confirm that the trend has indeed increased. We expect that the coin has the potential to break out for several reasons, and we will closely monitor its progress in the short term. One significant target for AMB is a 150% increase to reach the 0.07 trend level. However, given the current market conditions, we understand that a breakout may not occur immediately. Therefore, we will also track the coin's long-term performance if it does not break out in the short term. Additionally, the AMB coin has demonstrated impressive stability, making it an interesting asset to follow. We will continue to analyze it coming time.
Long
by Goldenbreakout
7
BTC - Potential Long-Term Reversal?🔎Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 🗒 As per my last educational post like 2 months ago, we might be in Pattern 4 => falling correction after a bearish impulse, leading to a bullish reversal. BTC rejected the lower bound of the green channel and traded higher. 📌 However, for the pattern to get activated, we need a weekly break above the last major high in green, around 22,000 Meanwhile, BTC is sitting around the lower bound of the falling green channel, after completing the big correction inside the rising red channel. 📌 For the bulls to remain in control medium-term , we need a daily close above the 19,000. In this case a movement till the 20,500 FTX crash supply zone would be expected. Again, for a long-term shift in momentum from bearish to bullish, we need a break above 22,00 📉 Which scenario do you think is more likely to happen? and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! And remember: 🗒 All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
35
CNXENERGY - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
NSE:CNXENERGYLong
by Tradelikemee