Hello friends, Over the last three months, the price of Bitcoin is up nearly 70% (28.8k to 49k equal to 76% ATH). if you've been waiting to invest, now might be a smart buying opportunity (Fundamental Analysis). How? It's easy: The lower the "recovery", the better! Why (because of two reasons)? 1- Because when the recovery is low, it gets the attention of...
One of the most powerful tools in your trading arsenal should be candlestick patterns. Various candlestick patterns can tell us where the market is heading. These patterns can be found on all timeframes, however the Daily candlestick patterns appear to be the most reliable. Once you see these patterns, you can ready yourself for the next move and use other...
Right here is the dynamic head and shoulder pattern and the steps to trade them when you spot them on the chart. For Head and shoulder pattern to effectively work, we need the left shoulder and the head to complete first. Then we will wait for price to fall back to the support horizontal line. Then if price doesn't break the support level downward, you enter a...
DOGEUSD closed below 0.21380000 price level and retested that level in the form of a Pin Bar. Pin formed on the horizontal support resistance line and exponential moving average period 10 exponential moving average period 20. Three factors for this trade strategy is Trend Level Signal. 1 Downtrend 2 Horizontal Level 3 Pin Bar. The target is the previous swing low.
In this post, we will be explaining what a flag patterns is and how to identify and trade them. What is a Flag? The flag pattern is the most common continuation patterns in technical analysis. It often occurs after a big impulsive move. The impulse move is followed by short bodied candles countertrend to the impulse move, which is called the flag. It is named...
In this post, we will be explaining what a flag patterns is and how to identify and trade them. What is a Flag? The flag pattern is the most common continuation patterns in technical analysis. It often occurs after a big impulsive move. The impulse move is followed by short bodied candles countertrend to the impulse move, which is called the flag. It is named...
Let's begin by introducing Modern Monetary Theory (MMT), which is a contrarian view to the orthodox macroeconomic theory's of the past, such as the Autrian School of Economic Theory. The theory suggests, inter alia, that soveriegn nations which maintain a monopoly on their currency, can essentially use that monopoly to fund government spending, without the need of...
We have already told you why you should not trade based on news about the asset and proved that the short-term trading style only seems profitable at first sight. Well, let's move on to part three of this series and discuss why not every 'hold' position in cryptocurrencies can be called an investment. You may have already heard in our previous posts or live...
As you can see by the chart, every few months or so, our DOGE decides to wake up, pop, and go back to sleep for 2-3X the length of the "pop". After every peak, it tends to slowly go down and fall around 15-20% less than where it started. You can use fib retracement on the higher high and lower low to see. I used fib timeframe to see if I could spot patterns and...