Many people compare the current Descending Triangle with one we had in 2018. The difference is that the 6k to 3k drop was in a downtrend - we are still in an uptrend. Different environment.
Let’s take a look at another Descending Triangle, which happened in Summer of 2017 at the peak of a bull run. We are definitely seeing some similarities with the current one....
Bitcoin has been consolidating since the June 26th annual High. This is not news. What is interesting though is how this price action on BTC can be related to the rest of the market.
During the previous Bull Market (2015 - 2017), Bitcoin and the Alts have had clear balance of power shifts. When Bitcoin initially attempted to reverse after the Bear Market bottom,...
In my last update for Bitcoin (BTCUSD) I mentioned "bearish tendency", because Bitcoin has been moving lower since it hit a peak on the 26-June, we can easily see lower highs being printed...
But since the 28-July, we are also seeing higher lows. This is all a period of consolidation but Bitcoin can still move lower before moving back up.
Welcome to our weekly market Breakdown ( EURUSD )!
Bearish price action started.
Prices moving sideways with several pullbacks in both directions.
Bearish market in consolidation, need a pullback shortly!
Expecting prices to drop on monday-wednesday towards our main support and
turn around afterwards forming our main wave...
They recently posted a post on their twitter calling for the purchase of cryptocurrency;
I guess there will be growth.
The last time I posted the news about Facebook crypto, there was growth, Samsung also showed growth
Ok, we did not get CRAZY Wednesday but a massive drop is still in the cards. Unlike what I thought, the FED would surprise the market with a no cut, they delivered the expected to the market. However, like I said, that was all priced in. The markets had a very muted reaction on Wednesday and started to go down Thursday. Not a typical reaction from a rate cut....
The time strings are relative to our dislocation perspective since there is a correlation between facts from the past, present, and future. So it's crucial to us study our history, look at our current decisions, and how the events are developing. Then we can trace a perspective of what future we should expect, and we should do the same with the market to...
Looking at dozens of charts for Binance and Bittrex altcoins mainly, I am seeing lots of new higher highs being hit after a higher low was printed.
We have hundreds of pairs trading above resistance with a bullish chart and indicators... The altcoins market is ready to grow more...
Additional signal not coming from the charts
I am seeing many people that left...
though I have already shorted spy,
for now, there is another perfect selling setup for those who missed the trade.
on 4h chart the market has formed a classic double top pattern with lower high
and RSI divergence.
I trade this reversal pattern waiting for a bearish breakout of minor support beneath it.
T1 - 2945
GOLD has been support by the horizontal and channel support for the last 2 weeks.
And the support is now sending GOLD up to last high soon probably which is our final targets for our gold signal.
As long as the channel is still valid, GOLD could make a d new high later to break the upper yellow resistance zone.
LESS IS MORE!
Let me be clear, when it comes to the fundamental analysis about what is going on in the monetary world there are so many different arguments and points of view that I can't keep it straight. I am somewhat comforted by the slew of articles saying the Fed does't know what it doesn't know, because if those technocrats don't get the complexities of the Eurodollar,...
Not many are able to think long term and realize this, but the cryptocurrency markets have already topped.
With summer ending soon, the next 50% price cut might be only a few weeks away.
Good news! I was (finally) able to verify and unfreeze an account with a crypto exchange and cashed out most of my money out of this MLM scheme.
Now, I have no skin in the...
Hi friends, today I want to share the constructor of your trading algorithm.
I want you to take a piece of paper and a pen and answer these for yourself
And this will be your individual trading algorithm
1. Trade style
Decide how you are going to trade
Choose your style
- Short term
- Swing trading
- Medium term
As I can see, tutorials are not so popular in TradingView if compare them with trading signals. But in spite of this fact, I want to keep sharing my ideas and experience about - How to trade properly in the financial markets. Of course, I can't teach you how to become successful in trading just write for you 10, 20, 30 such posts. Without your wish, you won't be...
For those who are not familiar with on-chain stuff:
What is on-chain analysis?
On-chain analysis is the study of network metrics surrounding the blockchain and the capital flows moving on it.
This is completely new analysis. Never before in finance we had such an asset with completely different volume analysis, because every coin is tracked and along with...