very interesting market sentiment on BTC.
currently the market is approaching a key level of support,
and reaction on this level will most-likely determine Bitcoin's future direction.
for now, be focused on the narrow support area between 9000 and 9500.
if bears break and close below it, I will expect bearish...
A simple trading strategy.
Here we have a stripped back version of my trading strategy.
I simply use outside bars to indicate momentum and turning points in the market.
The first highlighted bar from April 2018 shows an outside bar completely engulfing the previous weeks price action. From here the market moves over 400 pips north.
The second highlighted bar...
Purple arrows = resistance
Orange arrows = support
support/resistance level 1.28889
4H CHART - We can see resistance has been used and respected many times and price is currently at resistance level, So most traders would SELL rite?
1D CHART - Price is also at resistance level after respecting it on numerous times, so another SELL rite?
1W CHART - Price is...
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...
COMBINING MULTIPLE TUTORIALS
Price/HighMBL crash, overbought TDI:RSIPL indication = MUST SELL with use of lower time frames.
Trading a retracement (into HighMidline) is not really recommended, your'e not trading a reversal so its highly risky to countertrend trade against the main trend.
Price under HighMidline, with 'TDI overbought indication = MUST SELL with...
Today we are going to investigate structure formation and behaviour of some basic patterns.
Identifying the patterns will help you to predict the move correctly.
If you identified the pattern correctly means, your half of the work was done to predict the next move.
In above, there are three basic patterns are drawn.
Those are all most repeated patterns in the...
Basically, the descending broadening wedge is opposite or mirror of ascending wedge pattern.
The descending broadening wedge is bearish in nature. Though the pattern is typically possible for both reversal and continuous move.
In the above image, both are starts with the downtrend. But it varies by their action behaviours.
ADD ON: Before move on to the trade,...
We here learn to observe the higher time frame 360, and analyse 1D that RSIPL are crossed down parallel. So lower than daily time frame= 540, 360 allows for trend entry at a 360 RSIPL and 'TSL initial cross down for max profit.
On 180 as on 360 allowed for entry using the RSIPL/TSL crosses down. Also observing Phaser very near price as it 'pushed' priced down...
Traders Dynamic Index serves for crossover signals and are essential for trade entries and most beneficial when identified on over 30-minute Time Frames as on hourly time frames.
I have made the options available of the oversold (green) 32 level line overlay which is useful in identifying potential buy zones/price.
In KK_Traders Dynamic Index_Bar Highlighting it...