Many Different Trading Positions can be formed in the trend channel but the overall bias is to the short side!
People certainly think that Bitcoin has value! How do I know? Because there is incontrovertible evidence that in recent days people have gone greedy for it. However there is expert opinion (which shall remain nameless) that Bitcoin is NOTHING and has no value at all. I'm really amused by this opinion because it flies in the face of evidence. The chart shown in...
It seems like people is opening more shorts (red line) with respect to (green line). This keeps pressure for the bulls and the price is not showing bounce signals. Keep also in mind that the total shorts opened are still less than total long opened. We suggest to keep short and longs in consideration before making any trade on ethereum, as the price is very...
How to understand when the global trend is starting to change? The issue of trend reversal is very acute at the moment, because we are witnessing a rather long fall and one of the longest corrections now. And to be precise, this is the second biggest correction. How to found out the moment has come and you need to urgently buy up everything so you do not cry...
This is well beyond technical analysis - into the domain of human psychology. In this video I theorise on exploiting FOMO - which is psychological phenomenon - instead of just being a victim of it. I look briefly at Ehterium as well. An important thing for all markets is that the point of greatest fear is also the point of greatest opportunity. Please note...
So many people blame the unpredictable price moves on the whales. (As if the whales aren't investors, too). In lack of better words these people are blaming the unknown for their failure to understand the market's environment. Not to mention spending hours or days over-analyzing a fake rally that is 100% going to deflate So, Dogecoin Shill, what do I do to...
The relative strength index (RSI) is a momentum indicator. It is primary used to attempt to identify overbought and oversold conditions. It is considered overbought when the RSI indictor is above 70 and it is a sign to make a short, and oversold when is below 30 and it is a sign to make a long.
The exponential moving average may indicate an uptrend or a downtrend. It is a trend indicator. A bullish signal is generated when prices move above the EMA, so make a long. A bearish signal is generated when prices move below the EMA, make a short. The EMA works very well in long trends, however, does not work well in lateral movements or short periods and in...
I want to show with this example how the price in a lateral movement oscillate in ranges between supports and resistances lines. The target is the following, if the price bounces on a resistance, make a short until it reaches the support level. If it bounces on a support, make a long until it reaches the resistance. If the price breaks a resistance, make a long...
STAGE 1: THE BULLISH IMPULSE LEG A bullish impulse leg is a strong move in price action to the upside. The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction. The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A. STAGE 2: B LEG RETRACEMENT Now that...