The rule is pretty simple: if you have many technical confluences backing your setup, the probability of your trade succeeding is really high. On the illustrated BTC chart, a number of confluences is listed. To be precise, there are 4 confluences examined, and they will be all scrutinized below:
1) The current direction of the market is bearish, meaning we are...
Imagine having a tool that helps one predict whether an asset is undervalued or overvalued. The price to earnings ratio is an incredibly powerful tool that is used for valuing the worth of a stock. If the P/E of a company’s stock is 50, it means that investors are willing to pay $50 for every $1 earnings of the company.
However, with crypto, there cannot be a...
➡️ The S&P500 index can be found in the list of trading instruments of many brokers, but many traders, especially Forex traders, shy away from it. Most likely, the fact that for currencies and stocks, it is necessary to apply a radically different approach and strategies is playing a role here. This is partly true, but this index should not be overlooked.
Even...
Happy New Year to everybody.
Here is my roadmap for financial year 2022. It is simplified version but generally it says everything about what to do.
Plan:
Everything starts from the plan. It is very hard to navigate financial markets without it. As markets move constantly it's very easy to get lost
or become controlled by emotions (fear and greed for...
I see many people speaking about "The Death Cross" that's just appearing on the Bitcoin chart. The Cross brings some fear with it, and I can't just understand why, since it's not really a concerning one. But let me explain.
A Death Cross is only strong and meaningful as long as Both SMA (50 & 200) are pointing to the downside - both SMA need to be declining. Many...
Hello traders!
This is great advice for you traders and it will make you a profitable trader so read and understand the truth.
I am teaching you guys that breakout never works and to make money you should do the opposite of breakout. I already have posted an education post of the breakout but I am posting one more time.
If there is a bullish breakout go for a...
Hello traders!
This is a detailed and most importantly a correct analysis of the previous pump and dump.
There is always a reason behind everything and there is also a reason behind this whole formation. There is a complete cycle that forms before this formation and this formation is a reaction of that cycle.
Let's talk about this formation
After a deep...
The economy of Junkies Asset Classes
Published in early 2022, this is actually our forecast for the price of Bitcoin at that time.. You can check it on our medium for verification. Our fundamental compilation on bitcoin and asset classes in general and a pragmatical content, not married to ideals on both sides bulls and bears while the market is...
Look at the monthly timeframe
What do you see? Higher timeframes never lie and they're very simple to understand! We see a double top around 60_70K which is a very strong resistance also we see a bearish divergence because as price making higher highs RSI making lower highs also RSI is overbought. There's a support around 18_13K and also 100 monthly EMA is exactly...
Are you learning price action to trade bitcoin, gold?
In this post, we will learn about Blind Spot CBO setup
Blind Spot CBO includes:
- Clean Breakout (CBO) with candle like Mazubozu
- Strong Momentum
- Decision Point like Doji kink, Bearish/Bullish Engulf, ...
It's better when price comback after it made a clean breakout.
The downside of Blind Spot CBO is hard...
The market is declining but will not last long.
In my opinion, this price correction in the market is a trap for small traders to sell their assets at a low price.
Buying at low prices makes a profit.
Il mercato è in calo, ma non durerà a lungo.
A mio parere, questa correzione dei prezzi nel mercato è una trappola per i piccoli trader per vendere i propri asset a...
Hello dear traders i hope you were not affected by recent drop.
About a week ago i advised everyone not to trade this market neither short nor long becuse it's too risky for both sides. So what have should we do? I told you stay aside and wait for global trendline breakout.( i tagg that post below).
What to do now? Now we should stay aside as we did. It's so...
According to the chart, we see how the classic lines of resistance and support and trend lines work well. Anyone who wants to open a trade can benefit with the simplest lines.
Keep stacking fellows the more ugly and boring it gets the higher it goes, this is the time to buy but do not hesitate just set a recurring buying daily or weekly , DO NOT TRY TO TIME THE MARKET.
There are a cluster of lows around this area so price will most probably want to take out the lowest low before going higher.
This is due to traders stops being positioned under these lows so eventually the market will gravitate to these and take them out and possibly go lower to shake off retail traders, they can only "buy the dip" so many times before their...
BTC/USDT Analysis
1H Time Frame
It is near a critical area right now. If $51,500 resistance is broken strongly by bulls and keep it, the next target will be $53.000 area.
IF not, We must be ready for another correction wave up to $49,500 support.
BTC is moving between $49,500 and $53,000 zones which are major S/R zones.
