Note the similarities in price action within the highlighted areas at the levels plotted... now, let's see what happened at those times and what similarities we can find in the fundamentals.
The Great Crash of ‘79
The Dow Jones Industrial index peaked at $897 on Friday October 5th, 1979. On Saturday the Federal Reserve and Chairman Paul Volcker adopted new...
Using Bitcoin as a example, in this idea i am going to briefly explain the concept of Market Phases in a easy to understand way.
Market Cycles & Phases
Cycles are prevalent in all aspects of life; they range from the very short-term, like the life cycle of a insect, some which can live a few days, to the life cycle of a planet, which takes billions of...
We all try to find the strategies which offer best possible win probabilities.
Yet, we often overlook another crucial component of increasing your odds of winning => risk management.
Today, I am going to show you how you can use a simple risk management trick to tilt the "Math" in your favor.
Would you like to increase the output of your strategy by 25% without...
Are you still making these range trading mistakes? Majority of traders always have the sense of urgency to get involved into a position, which is a trait you need to avoid at all cost. Successful traders spend 90% of their time thinking, 10% of the time taking action. Trading in a range bound condition sounds easy, especially if you are referring to the textbook...
Sub-wave of 5th wave targets 30500 and 29284 if the price breaks 32080 below sell & sell.
We can assume only if the price breaks 32080.
Risky traders can sell 33700-32300 with stoploss above 33900+ for the same target.
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BTCUSD D1:NOW VS 2017: Unsustainable move 60% correction?...
Hi Everyone! Simply letting you know we are NOT out of the woods yet with this downward pressure. Yes, it's taking time for this downward pressure to play out in the price action. Where this downward pressure will take us in relation to the price action remains to be seen. I'm NOT going to assume we "must" fall down to the Yellow Bollinger Band Basis in the...
💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin almost touches the daily 50MA support area
-The Bulls bought the dip and bounced up to a 17% increase
-BTC is now testing the midline of this descending channel
-If Bitcoin will just trade above the 31k area in the next few days
-I'm expecting the 50MA will catch the price and hopefully act as support...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hi there,
AUDNZD is setting up for another bearish wave. So time to watch for sell.
Watch lower time frame correction and look for sell and watch it to go down for another bearish wave.
Good Luck
Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: AUDUSD is sitting around strong resistance in orange so we will be looking for sell setups on lower timeframes.
on H4: AUDUSD formed a valid channel in blue but this pair is not ready to sell yet. We want the sellers to prove to us that they are taking over by...
Two Bearish situations exist. As for now the pattern is complete and the drop can happen right away, but sometimes it may want to make a higher high before the drop. I have seen the possibility in this pattern. As it develops I will keep updating this chart. Comment, like follow for more accurate ideas. Thank you.
NFLX fired the first shot, would AMZN follow? Likely Yes. As a choppy stock, AMZN may pull back to 3200 in the next 10 days before earnings. 3200 or lower would be a nice launchpad for a long play, with PCS 3200/3150 or Call Butterfly as wide as one can to tolerate the risk (100 is my plan). Not a recommendation.
AMZN is killing it with market share gains,...
AMD - It seems like the impulse cycle is finished and it started correcting down. expecting ABC zigzag down from the current level.
Give thumbs up if you really like the trade idea.
One of the top stock we will be watching this week as it continues to gather
interest and momentum post the December tax loss selling.
Levels to watch are n the chart .
Please drop a like or comment if you appreciate our posts and insights, thank you.
Update from my previous Bitcoin Dominance (BTC.D) post where I called the 70.21% top and the wick of 72.04% before dropping, you can check it out in the related posts.
BTC.D didn't see a single candle close on the weekly over 72.04% which is very good in terms of altcoin season coming as it doesn't look like it's going to go any higher.
Previously in the fall of...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
DAX is sitting around a strong supply zone and round number 14000.0 so we will be looking for sell setups on lower timeframes.
on H4: DAX formed a valid channel in red but it is not ready to sell yet. We want the sellers to prove to us that they are taking over by breaking...
Here I provide a review on my discrete stocks and option analysis published in the last trading week(19-22 Jan 2021). These are technical analysis I published in the last week separately ( not in the 25 recommended portfolio of the week)
January 18th:
- EURUSD @ 1.20793 buy
- XAUUSD@ 1838.66 buy
January 19th:
- VISL @ 2.31 gained 9.6%
- IZEA @3.91 gained...
Note the similarities in price action within the highlighted areas at the levels plotted... now, let's see what happened at those times and what similarities we can find in the fundamentals.
The Great Crash of ‘79
The Dow Jones Industrial index peaked at $897 on Friday October 5th, 1979. On Saturday the Federal Reserve and Chairman Paul Volcker adopted new...
$32,500 is the area of interest right now.
If we break back above $32,500 on (spot) it's likely we get another push up towards ($36,140) which is likely where we get the 3rd validation point on the downtrend as well as the retest from the broken trend line (bearish retest) which if we get a rejection will send us back below $32,500 (s/r flip) from either support...
#GOLD #XAUUSD🟡💵
In spite of the sideway movement I expect the bounce from the support level to go on. The spike in the gold's price is possible of the local resistance is broken.
Today, we want to share a few tips about creating a plan. We want to especially highlight some of the tools available to you as a TradingView member.
1. Use our free Paper Trading tools to see what it's like to manage money. Open the Trading Panel to get started. You can find this button at the bottom of your chart. Paper trading is important because you can...
" Many are called, but few are chosen ". Ever heard this proverb?
This is certainly true for trading, in fact, there is even a rule in trading about this, the 90-90-90 rule. So what does this rule say?
" 90% of traders lose 90% of their money in 90 days "
😱😱😱
That's right, statistics show that 90% of people who start trading lose the majority of their money in...
Here is the 5 TIPS TO DO with your mistakes:
1. Acknowledge Your Errors
So often, we say things like, “It’s unfortunate, but market goes opposite me” or "SEC lawsuit crashed prices, so I lose" But blaming other people or minimizing your responsibility isn’t helpful to anyone.
Before you can learn from your mistakes, you have to accept full responsibility for...
Are you still making these range trading mistakes? Majority of traders always have the sense of urgency to get involved into a position, which is a trait you need to avoid at all cost. Successful traders spend 90% of their time thinking, 10% of the time taking action. Trading in a range bound condition sounds easy, especially if you are referring to the textbook...
Dear all,
I wish a Happy New Year!
The last time I tried to developing a Volume Heatmap, that the Marketorders made.
With the currently version I achieve my skills for that and I present it for everyone - some bugs I cannot solve today.
It also possible to see the POC - also the dynamic of volume...
█ OVERVIEW
This indicator calculates relative volume, which is the ratio of present volume over an average of past volume.
It offers two calculation modes, both using a time reference as an anchor.
█ CONCEPTS
Calculation modes
The simplest way to calculate relative volume is by using the ratio of a bar's volume...
█ OVERALL
Plot raindrops (custom volume profiles) on user defined periods, for each period you get high and low, it slices each period in half to get independent vwap, volume profile and the volume traded per price at each half.
It works on intraday charts only, up to 720m (12H). It can plot balanced or unbalanced raindrops, and volume profiles up to 24H...
Hi Everyone! Simply letting you know we are NOT out of the woods yet with this downward pressure. Yes, it's taking time for this downward pressure to play out in the price action. Where this downward pressure will take us in relation to the price action remains to be seen. I'm NOT going to assume we "must" fall down to the Yellow Bollinger Band Basis in the...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The Bull Market is strong, this week I expect the market to by choppy. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 34 total stocks on this list. I add an additional 2...
![EURUSD: [Risk Management trick] Tilting the "Math" in your favor!](https://s3.tradingview.com/a/aq9gfHHi_mid.png "[Risk Management trick] Tilting the \"Math\" in your favor!")
![MESH2021: Raindrops [Makit0]](https://s3.tradingview.com/d/dJr8hv4v_mid.png "Raindrops [Makit0]")
