Hello all, Here is another analysis about bitcoin on daily based and potentially mid term bias will be covered with an elliot wave structure. Let's get it started.
If you've seen my previous analysis back at December 29, 2019. You will realize that actually this analysis is still in play with a lot of confluence reasons to support that bias. Actually, I've...
Hello all, the bitcoin update is up again during this very crucial market update. Let's enjoy this technical analysis!
We've seen a violent 8% drop since the high of today's candle. This is also once again confirming the white area which is the major resistance and the confluence zone of the 200 MA, golden pocket and previous broken support that is now become...
I have been trading and have been constantly investing in small cap stocks. So I do have solid understanding of how small cap/penny stocks world.
And crypto will be lumped into same category of them.
The only things matter in the Small Cap and Penny Stocks is overall market sentiment and whether the whales are READY to pump the stocks. And when the whale pumps,...
Good evening traders! Tonight I am sharing with you the importance of the 65% retracement level. You can see by the charts I have shown that are Bitcoin & Gold, topped at both the same retracement level. Now this could be temporary, but based on the reaction we have seen, we can take an educated guess that this was a topping point. I had previously posted a gold...
First of all, before you read this analysis, please read the previous analysis about bitcoin dominance on the related idea to help you understand more about it
Hello fellas, welcome back to the bitcoin dominance update. we have seen some manipulation has occured in the past few days, especially when we saw the price surged from $6500 region to roughly $7500...
Hello Fellas, Happy Monday and I hope that this week could be the a better week for another trading journal for all of you. Current bitcoin movement is still in play with my previous analysis and perspective, beside bitcoin is still moving in the consolidation area whether it is on short term or long term perspective. That's why a few days ahead i will be more...
When trading illiquid and small cap stocks or crypto, it is better for you to throw away all your Technical Analysis and Elliot Wave, because it doesn't matter.
Financial market has always been manipulated and continued to be manipulated by different types of whales.
Whales love and like to play with retail pyschology and they are WILLING TO DO anything in order...
1. Sideway at Supply Zone (DISTRIBUTION)
==>> Place Sell Limit at resistance zone
==>> Stop loss should be 30-50pips above shadow
==>> BIG LOT advice = you must know how big your capital is and risk with lot equivalent to 100 pips
2. Breakout Tips (For Short Scenario on this USDCHF)
==>> Wait until break confirmed with new Lower Low
==>> 25% CHANCE...
For Education Purpose ONLY
Murphy's law : "Anything that can go wrong will go wrong". So?!! Cut lost , cut lost AND CUT LOST!! If anything wrong!
P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
There aren't really any investment tips here but I'll be focusing mostly on the current look at the market structure. Here's basically what I'm seeing right now.
1. Moving averages (4H timeframe)
We're looking at the 25/50/100/200 moving averages and they're all bullish right now and they have been for a few days now. Natrurally after a $300 candle things are...
Hi, crypto hater back to spread more FUD.
As you know, I do not care much for facts, and am mainly motivated by hate. I hate crypto so much. And oh how lucky I am to almost always buy at the bottom only (I hate crypto so much I do not consider buying if it is not the local low) and short right before dumps (due to incontrable extreme hate SHORT IT TO THE GROUND -...
Here is a glimpse into the longer-term predicted future of Bitcoin. Based on several longer term past cycles, we can attempt to predict the future moves. Please see my other ideas for shorter term bitcoin cycles and for cycles in other markets. I have put the links below.
Using this chart from the BITSTAMP exchange I have examined 3 different occurring cycles...
Here are few tips which I found after reading books and watching webinars.
Hope this help you guys to grasp ideas/ how to fit those components in
wave model. (kindly do correct errors, omissions )
Here are few things which I understood from books
and from webinars of experienced traders.
Hope this shed little light on how market sentiments and wave analysis linked.
(if you notice some correction/omissions kindly do correct).
Channel strategy is a simple and complicate strategy.
A. Using it with Elliot Wave to follow a trend.
Follow the trend by "buy low, selling high".
B. Find a new turnover trend by a channel retest.
C. Find a continue wave by a sideways channel breaking
through.
Risk Management:
A. REWARD/RISH >1.5
B. Risk <2%
C. Move SL to TP1 or TP2 to protect your profit
Power of AB=CD Patterns
Train your eyes and find potential AB=CD
be it in 1h chart, daily chart or weekly chart.
I know this Pattern is a very profitable strategy
to be applied in this market.
it is simple! it is harmonic! it is same explanation
of Elliot Wave's Correction Move.
