I hope the markets have been treating you well and you've been crushing all of your trades.
In today's post, I want to give away a chart that has made me a lot of money dating back to 2016.
I also want to go in to detail on how I use the RSI to determine when to get in and out of Bitcoin by determining...
People love to bash the XRP chart. XRP haters love to say it's "the worst performing crypto asset" — which, in 2017 it was actually the best performing crypto asset, so that's false. Among other usually false things, they point to the fact that XRP remains in a bear market, while BTC and many others have enjoyed powerful gains. Well, I'm here to show you that,...
TECHNICAL ANALYSIS: Support & Resistance
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LINK/USDT has been trading in a smooth ~20%-~30% horizontal range (sounds lucrative already) since Mid-July, suggesting reasonable consolidation in the area.
We are in favour of a long position considering some interesting observations:
- It's one of the few pairs that have managed to stay above the 100EMA lately
- Positive divergence between RSI and Price on...
Hi, today we are going to talk about the Euro.
The rain's something that we are used to almost attached to us. Even as sometimes that it seems that the modern society made us lost all primal instinct that we gathered through the ages, the rain its something that we still have a connection, some of us feel in the joints, others in the smell. If the rain doesn't...
GBPUSD, Buy on H1.
- Price: Test support weekly and move up
- Structure: Minor uptrend
- Tendency: Strong upward
- Above support and MA
- waiting pullback : zone 1.220-> Give signal candle => BUY
- Take profit: 1.237
GBPUSD is forming very nice price action at the bottom and setting up for longer term reversal.
Note: It is still correcting on lower time and still can push lower for one more drop before price start to reverse.
The latest lines on the SPY
This is experimental technique.
Teal 1 and teal 2 point to 10 Sep '19 bottom , a 'big correction better bigger than smaller.
My curves point to a further correction to Poss X or further to Poss Y
All the curves present in the graph are well hung on previous large and defining market actions. Let the market correct and make more...
BABA reversed off its resistance at 179.00 where it could potentially drop further to 148.85.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
S&P500 currently consolidates around strong level of resistance 2940.
I am focused on 2895 minor structure support level.
If bears break and close below this level,
for me, it will be a signal to short the market.
T1 - 2860
T2 - 2805
*if the market closes above the resistance setup will be invalid.
Very BEARish on the S&P right now, and really all major indexes, especially the Russell and Nasdaq, but I mainly play the S&P through the VIX by buying leveraged VIX ETF's like TVIX which gives you 2x.
If we break 2890, we're going down to 2740 next to finish the bearflag measured by the vertical yellow line.
(note: I'm in hard bear mode and do hold a bearish...
DXY could not break the resistance zone.
So we will look for sales
The dollar index returned to where it made a false break of the resistance level 98.2
There is a strong sales area here, so I forecast the dollar index to fall to the level of 97.7 or to the support line.
The main event of the coming year for the crypto community is Bitcoin Halving, a decrease in the block reward from 12.5 to 6.25 BTC. It is logical that with a decrease in the block reward, the value of Bitcoin should increase - this is its main idea, the reason why $BTC grows in price annually. The previous halving was on July 2016, and it led the market to huge...
In this Education posit I want to share with you how to pic best places on a chart. Where to open entries with potential profit in 5...10 times bigger than a risk.
I recommend to use Historical levels or Breakpoint of the trend:
- Most of the retail traders set stop Losses below or above such key levels.
- Stop Losses of retail traders is a Fuel for Big...
OmiseGo (OMG) Overview
OmiseGO (OMG) is a public Ethereum-based financial technology for use in mainstream digital wallets. OmiseGo enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and...
Measuring Success and Goals
As a Professional trader, you have 1 goal...Make money!!
That said, traders like to measure their success differently. Some use pips, some use wins v. losses, personally I use daily return. Understand my focus is on generating income and my mantra is "keep stacking positive days"
Imho, using pips to measure success can be misleading, I...
I ran out of time before I could mention FIB levels in lower time frames. So, I'll follow up with another publication to show potential price range target within a certain time frame (Mid to Late September).
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~BITCOIN DOMINANCE ANALYSIS~
We have a sell signal on Market Cap BTC Dominance chart on Megalodon indicator with an ABCD bearish pattern. The target for the ABCD is also corresponding with our shorter term 61.8% levels. Coincidence? I don't think so!...