Monday Monday, so good to me ... Monday morning it was all I hoped it will be... Thinking about this past weekend price movement and reading most of the analysis that mention the undoubtful whale's presence in the crypto markets, my intention here is to try to develop a 'theory' that inquiries the high volatility in the bitcoin market and the presence of whales...
Dear Cryptuminati, Many beginners wonder which indicators to use. That's why I started this series with the 7 best indicators. It is not just any indicators, but those that are best suited for crypto trading. #3 Ichimoku Kinko Hyo Today I want you to meet a crazy indicator. Ichimoku is a complete trading system from Japan. I'm sure you've seen this strange...
Hey cryto-traders! Looking at the Daily Chart, the MA-50 (in yellow) is working as support for Bulls and resistance for Bears. In the hourly sessions, the last down trends have been rejected by it and the .5 Fibonacci Retracement placed from this year lowest and highest. Still the 8.3k zone is a support zone and bulls could be come up with power and gain...
One of the most influential instruments for analysing the financial markets is the Dow theory from Charles Dow. This theory has six principles: 1. everything is processed in the indices or market averages; 2. the market has three trends; 3. each primary trend consists of three phases; 4. the market averages must confirm each other; 5. the volume must confirm the...
Dear investor, Welcome to my blog, where i am trying to learn investing with technical analysis (TA). I will share my studies and investings ideas with you, so we can discuss with each other.. First off all i'll investigate a theoretical studie. After this i'll try the theoretical studie on cryptocurrencies. This blog is for everyone who wants to start investing,...
In this video I give a few minutes of preview before discussing what I see on this weekly time frame. Bear with me as you'll see where I'm heading. In the second half of the video I show how I estimate the big probability from the weekly time frame. I'm not interested in being right in this. That's not what I want to get across. Whilst technical analysis is a...
How to trade the ABCD pattern This is an example of a bullish ABCD pattern. Ideally, Point C should be Fibonacci retracement between 61.8% to 78.6% of the A-B leg. Point D should be a Fibonacci extension between 127% to 161.8% of the B-C leg. Stop loss should be below D or previous low. Take profit can be at the 38.2% and 61.8% Fibonacci retracement of the C-D leg.
Bitcoin price holds above 8080 trend line support, and 7680 pattern support two resistance levels that prove to be strong for now to hold the price in place for resurgence. Breaking the levels price poised to revisit low 6000s again. Mt.Gox influence still visible. Caution!
MFI - Stoch
Bollinger Bands, Great for determining high and lows and volatility in a market
Moving Average - what is it? Very basic information.
Video on Support and Resistance.
Some basic information in candlesticks.
PRICE IS KING: I removed all my indicators for this analysis. I just want to focus on price. Price, after all, is king, and every indicator (RSI, Money Flow, moving average) is just a derivative of price. Price is also a reflection of supply and demand, and the human behavior (fear and greed) behind supply and demand. PRICE HAS MEMORY Sometimes price has a...
I don't see anyone talking about trading books so I'd like to share a few books that I read over the years and invite you to comment below with yours. Regardless of whether you are a novice or an experienced trader every book has something to teach and it is quality time to spend off the charts.
Hi all, I wanted to share this chart with you - I am hoping it works when I publish it and the arrows stay inline with the text - something very interesting we all know about currencies moving in tandem with each other to some degree different economic events causing them to stop moving together but eventually they will again. As a forex trader, if you check...