I cleaned up the chart so I can explain few points. I have already traded the dip and I am out. I have noted the short trade price, stop loss price and the target price on the chart (for educational purposes only). If you want further information about this trade, please review the previously published ideas. Here are few points I want to explain: 1. No one can...
I won't ever say I'm an expert in Elliot Wave but this is my take. We are still in an abc correction and the second impulse wave heading down to the completion of the abc correction wave. Which should bring us down to around 7k before it completes. Now I know plenty of experts are saying otherwise and I respect that, we all see things differently, don't trade...
Great Stories are about Transformation. What does an inclusive financial ecosystem with another 2.5 Billion people (unbanked) look like? $BTC #BTC #BITCOIN #Crypto
It's safe to say there is a lot of correlations in price in the cryptocurrency sector. There may be some inverse correlations short-medium term that provide opportunities on how to multiply capital, but medium-long term it looks like the market follows a general trend. This proves one can only be so diversified in 1 sector (e.x crypto) and that there is NO safe...
You can find a lot of technical analysis posts here but I'd like to take a shot at some important aspects of fundamental analysis for Ethereum Classic. Here goes: Most of you who know me, I'm a strong believer in ETC Dev, IOHK and Charles Hoskinson which makes me a believer in Ethereum Classic. There's more to it than just that. I've followed ETC for a long time...
Well possibly anyway. Dependant on wether or not another head and shoulders is realised on the hourly chart, it is looking fairly likely but we will have to wait and see. The left shoulder is usually formed at the end of an extensive move during which volume is noticeably high. Once the high of the left shoulder is formed, there is a subsequent reaction and...
The RSI rollercoaster in my opinion is one of the safest trading strategies, because combines a clever use of the stop-loss at points that guarantee receiving a good percentage in profit. It is particularly good when you do middle term trading, and you have regular jobs which impede being in front of the charts regularly. Nevertheless there is one situation about...
This is a quick example of how I use the 8 EMA and the Wavetrend Oscillator together. Please remember that reading the candles is 99% of it, and everything else is just lagniappe. Happy Trading, Charles
Trading Starts With The Basics. Instead of writing a bunch of garbage like most of the people that post on Tradingview.com. I want to remind everyone to keep it simple. Here is some randomness that might make you look at the market the way your supposed to. With a grain of salt. Learn to read the market signals, get in when it signals you to get in. Get out so you...
The five Crypto market cycles 1- Accumulation 2- Healthy trend 3- Unsustainable parabolic move 4- Fast pullback 5- High volatility In which cycle are we in right know?
2 different stages of short/medium trend reversal: Stage 1: -0.61 FIB bounce - Descending triangle breakout up . Bullish divergence MACD Stage 2: -Resistance becomes support -Triangle breakout up
S&P 500 Oanda Hello Dear followers, last week was a great start but we have far more fun in stalled for you this week. Here is something a little different for those wanting to see how simple trading can be, and make some money in different areas. MY S & P strategy is simple, and wins a lot I only trade the S&P 9-12 days a year. I use the same order, strategy...
Now I show you how whales (group) make money by manipulating the market. I have whales' (group) actions in red and normies' thoughts in green. I am curious about what kind of FUD they are going to bring to us in about 5 days. Feb. 22 is the first workday in China after the Chinese New Year holidays. Maybe some new bans are coming? I am not going to trade before...
Hello Traders, A follower has asked for a simple TA on this pair so I have kept this as simple as I can. The two major features of the chart are the descending triangle on price. You can see with the Blue circles, we keep putting in the same or lower highs. The Yellow circles show us that we are putting in the same lows. When we have lower highs, and the...
This is the dilemma with technical analysis, here we have a situation where we have technicals supporting a move upward and downwards. This situation is very common with technical analysis, in most cases there are technicals supporting both the bulls and the bears and hence making decisions solely based on technicals is 50/50 in most cases. We have the 50 fib...
Position trading The first key to successful swing trading is picking the right stocks. The best candidates are large-cap stocks that are among the most actively traded stocks on the major exchanges. In an active market, these stocks will swing between broadly defined, high and low extremes, and the swing trader will turn the wave in one direction for a couple...
My rules for Pivot & Swing Highs/Low says: If a H. is broken, the L. is confirmed. If a L. is broken, the H. is confirmed. Just with these simple rules one is able to enhance his ability to analyze markets dramatically. Like these information? Watch the footer where the links are placed. P!