Hello all and welcome to my analysis of trading patterns in crypto markets! Before we begin, there are several key assumptions we must establish: The reference data is based on trading prices and volumes on Bitfinex. This is because I believe that Bitfinex is the leading exchange in the cryptocurrency market due to its popularity, despite higher recent BTCUSD...
we can see how the two markets are related simply by placing them on a single chart. then we can try to determine what would be the most likely cause(s) for the evident correlation. there is the common factor of the US dollar index both in terms of CHINA 50 given in terms of USD as well as in the base currency of BTC, the US Dollar. F. Normandeau
Hello Traders, After being busy with work and all, I am finally back with yet another lesson. There are many traders out there who still do not understand the significance of support and resistance levels. So today we are going to go over that in detail. Note that this lesson will be only covering the horizontal support and resistance levels. I will have another...
THE ETHICAL CODE OF THIS POST.... This is NOT about discrediting 'HONEST' Tradingview members. It is a 'HOW TO' and cautionary advisement, some topics may be unpleasant. Draw your own conclusions, supplement with your own research. If you appreciate the work, add a LIKE. Feedback is welcome... if helpful, on topic and NOT antagonist. Several TOP AUTHORS...
Hello fellows, Last week I got a query from one of my followers. "I had been looking at your Posts for a while now, and they are working pretty Great! But how can I trade on patterns forms within the patterns?" Thanks, man for asking a good question. I'm making this education post in order to answer your question. And I hope this post will give you the...
Let's keep it plain and simple... Falling Wedge Reversal Pattern "The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower". BITCOIN IS GOING TO THE MOON! What's your opinion? Please share on the comment section below... Thanks a lot for reading... Please like, share, comment and follow. Namaste.
Here is an example from a live action! You can see the green box we don't have a candle close inside this area at the moment! So, that means we have a very strong area what we dealing right now! Up and down, strong candles smash this with a full break below and full break above! This "full candle breaks" means that we need a very strong power from...
FOREMOST.... this is NOT a post to discredit the work of 'HONEST' Tradingview members. It is both a 'HOW TO' and cautionary advisement. Draw your own conclusions and do the research. (You will also be provided with many URL links as we go.) When I was new to Tradingview... I was severly overwhelmed and somewhat lost. It took a LONG time to figure out what...
Hi traders! I have been developing a sort of TA theory called the Remoras Theory. I'm liking that post to this one, in order to follow thru this hypothesis. Getting straight to it, my idea is that the crypto markets are full of whales and remoras; therefore, prices and sentiments around the markets respond directly to mother nature's laws. In that way, chart...
On a monthly chart, USDCAD looks like it doesn't really want to go anywhere. It is currently weaker but a bit of upside to the trade zone would be best for risk to reward before committing to a short position.
Hello! I start my EDUCATION Lessons with a "Bull Flag" chart pattern! A flag pattern is a trend continuation pattern, appropriately named after it’s visual similarity to a flag on a flagpole. A “flag” is composed of an explosive strong price move that forms the flagpole, followed by an orderly and diagonally symmetrical pullback, which forms the flag. When the...
Very interesting how these trends panned out, with a more complete data set we can see that a target zone between 950 and 1850 was established as a potential topping zone well in advance while the price was close to $100... Time @ mode analysis of multiple timeframes, using the system's rules would have let you ride most profitable segments of the trend and avoid...
I'll cover all the main weekly, monthly, and bimonthly trends in $BTC, using the $BLX chart, which very interestingly contains historical data older than what Bitstamp offered until now at Tradingview. Great addition! You can see how the trends work, and how Time @ Mode would have let you ride them all with great precision, and specially, told you 'when to fold...
Nesta and I were throwing some projections on to gold, backtesting something we had looked at with the upward trend lines because I have noticed when I drop the trend lines on, the angles seem to follow some very fibonacci-esque ratios. So we decided to backtest with the pitchfan and see what we saw. Very interesting stuff.
Here is a quick simple guide to trading swing failure patterns
In my last chart, I had emphasized that the Wyckoff's Spring is likely at the $6,000 level (aka The Walls of Westeros) provided that price bounces from $6,000 and not any higher. Why is that? Well, it is important to remember that the Wyckoff's Spring needs to be a lower low. Of course, this is all based on the assumption that Bitcoin is really trending according...
The cover chart is pasted again below for proper viewing of the chart. Trading View's platform scrunches up cover charts in publications all the time. Which results in me pasting them again in the comments section below. The purpose of this publication is to assist with the identification of KEY events within a Wyckoff Accumulation Schematic. Those Key...
BoE Vote split comes in at 6 - 3 BoE keeps rates and asset purchases unchanged at 0.50% and 435bln respectively. - Vote was 6-3 in favour of unchanged Bank Rate, unanimous for QE at 435B/APF at 10B - Haldane, McCafferty and Saunders dissented, voting instead for a June hike - Majority on MPC still reassured Q1 softness was largely temporary, but preferred to...