Paul_Varcoe

Paul_Varcoe

If you have been hearing people say things like "The market is in risk-on mode today" and you have no idea what the hell they are on about, then read this. TLDR: Risk-On means that in general, the winds are fair for the market. Market participants feel that there is no real bad news around, economies are running along quite nicely, thank you. Risk-Off means there...

08:12

Paul_Varcoe

Mayfair Trading's latest thoughts. Was that the bottom? No.

08:30

Paul_Varcoe

As @Mayfair_Ventures stream was interrupted by a poor connection, I'll cover the points he made..

Paul_Varcoe Updated 

Some crypto's are just a store of value, others have use cases. This means they are used as currency AND as the currency of a (sometimes not yet fully functional) commercial system. Ether is used to pay for operations on the Ethereum Network, for example. BTC isn't used for that sort of thing, it's "just" a currency. So I lumped together the market caps of...

08:59

Paul_Varcoe

In this lesson, the third in the series, I'll show you how to write a "non-overlay" script. These sit below or above the price chart. They are best for cases where the values the indicator generates are nowhere near the price. Trying to plot a value of 100 on a chart where the price is 42,000 is pretty pointless, after all!

Paul_Varcoe

Okay, so you probably think the recent movement in BTC is chaotic and the recent price action is pretty volatile. Take a step back to see the big picture. We exited the first Wyckoff structure on May 17th. Now we are in a new one. No exit yet. All the moves within it are just designed to get you stopped out. Each time it dives it looks like the end for BTC, and...

10:07

Paul_Varcoe

I have built on my partner @Mayfair's_Ventures simple intro to Pine Script on @TradingView & @PineCoders I have added some labels and shown how to use crossover and crossunder. If you liked the first one, then watch this to develop your skills!

20:25

Paul_Varcoe

Latest Price Action Analysed

17:48

Paul_Varcoe

Today we'll be looking at US Interest rates, what the Fed were talking about yesterday and what it means for the markets

Paul_Varcoe

Let's talk about DXY. TLDR: DXY is important and you should keep your trading eye on it. For those that don't know, DXY is the US Dollar Index. It measures the performance of the USD compared with a basket of six other currencies that are major trading partners of the United States. By far the largest component is the EUR, followed by JPY, GBP, CAD, SEK and...

09:59

Paul_Varcoe

We will range from Crypto to FX to commodities to taking requests.

14:14

Paul_Varcoe

10 mins on the latest Price Action.

17:32

Paul_Varcoe

I'll go over the latest price action with Lewis (@Mayfair_Ventures).

Paul_Varcoe

So here we have our Elliott Wave view on DXY. We are currently in the weekly 5, and we have hit a massive roadblock, which is this strong monthly support. So, how is this likely to play out? Here is the zoomed in version, where we are in a daily 3, which needs a correction, EXACTLY where we see the roadblock. So we see temporary DXY (USD) strength coming to...

09:49

Paul_Varcoe

Our usual 10 minute look at the current BTC price action

02:41

Paul_Varcoe

It's easy to pick a level in anything and hit the sell button based on that. We try to add a bit more thinking to it. Normally we use Elliott Wave to get a bias, but Gold is not in a wave right now, so it's back to the old methods. However we do use some custom indicators to guide us. This is NOT investment advice blah blah...

18:19

Paul_Varcoe

We do one stream a week free, so have a watch and see if you like the approach we take. We'll be talking about the calls we have previously made in BTC, and looking into the future, as this correction proceeds.

Paul_Varcoe Updated 

XRP "Don't underestimate the ripple effect of what you do. These kinds of actions have toppled empires." Leila Janah Why XRP? XRP aims to replace SWIFT payments for banking payments, as well as being quicker and cheaper than Bitcoin for making payments generally Bitcoin stores data on transactions in Bitcoin XRP stores data on transactions waaaay...