🔥Hi, friends! I will explain why altcoins are following BTC and how traders can take advantage of this idea. The first and main crypto is Bitcoin. I am sure that 99% of traders/investors discover crypto through BTC. 📊THE 4 MAIN REASONS WHY ALTCOINS FOLLOW BTC: 🔥 Bitcoin is the most influential cryptocurrency: As the first cryptocurrency and the largest by...
Hello TradingView Family, this is Richard, also known as theSignalyst. In this video, I will go over how to: 1- Connect your OKX account to TradingView. 2- Spot Trade example 3- Futures Trade example 4- Calculate your risk per trade Hope you find it useful 🙏 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Q. “Can layoffs in the Crypto space be what's needed for the next Crypto-Summer and Crypto Boom?” A. While layoffs are never pleasant for those affected and for the price, I do believe they can have positive effects on the crypto market in the future. Here are four reasons why: Reason #1: There are less costs for the companies Laying off workers can help...
☸️WHAT ARE FIB RETRACEMENT LEVELS Fibonacci retracement levels are horizontal lines that indicate the possible support and resistance levels where price could potentially reverse direction. The first thing you should know about the Fibonacci tool is that it works best when the market is trending. The idea is to go long on a retracement at a Fibonacci support...
Hey traders, Relative strength index is a classic technical indicator. It is frequently applied to spot a market reversal. RSI divergence is considered to be a quite reliable signal of a coming trend violation and change. Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it with the...
Ichimoku Cloud is a popular technical analysis tool used by traders to identify trends, support and resistance levels, and potential trading signals. There are several reasons why you might want to consider using Ichimoku Cloud as part of your technical analysis: -Provides a comprehensive view: Ichimoku Cloud incorporates multiple indicators and data points into...
Similar to the post this am, this is another of my preferred setups. The price is wedging into a visible resistance area. These will nearly 100% reverse at the point of price agreement. I have multiple examples from today of this setup - this one is on a higher timeframe on DYDX. Just spot the line, look for price agreement at a target on the line. These are...
This is one of my best performing setups lately. Here NQ has a broadening formation into a trend line. These are confident reversal points and have a high success rate. Zoom out and you'll see a good channel forming. Uncertainty on the upward price movement appears as sellers are starting to drive the price lower, while buyers are still appearing that are buying...
Near the previous high, or when approaching it, or when reaching the psychological ceiling of the market or a position protected by bearish positions, the price may encounter resistance and pull back. The depth of the pullback is determined by its strength. However, once it finds support after the pullback, there is a possibility of continued upward...
When the price falls to or near the previous low point, or when it falls to the market's psychological bottom line or a position protected by the bulls, the price may stop falling and rebound after being supported at this position. The strength of the rebound determines the height of the rebound. However, if the weak rebound is blocked by resistance, it is not...
Trading is NOT for everyone. Not because they can’t do it, or because it’s hard – but rather… Trading is something that only a few will feel passionate to do for the rest of their lives… I say this because there are many things that I could do well in, make a huge income from, but I unfortunately don’t enjoy. For example, Poker, horse-racing and sports bets,...
Notice the Alligator overlay, and the declining High fractals while the Alligator increases (Lower Price/Higher Indicator). With the steepe Low above the Teeth, a bear exit requires standard divergence: not reverse bearish. With this exit being flawed, price should return to the false out...the Highs become the bull buy line...the false Low exit is now the bull...
🔵 As a forex trader, you've probably heard about how important it is to keep your emotions under control and follow reason and objective rather than acting on impulses fueled by greed, hope, or fear. But knowing not to trade emotionally is one thing; understanding HOW NOT to trade emotionally and putting that information into practice is quite another. Because of...
🧐What is Smart Money? Smart money refers to the capital that institutional investors, central banks, and other professionals or financial institutions control. It is managed by expert investors who can foresee market trends and make most of the profits. Smart money was originally a gambling term, where it refers to the gamblers that have extensive knowledge of...
A trading journal is an important tool for any trader. It allows you to track your progress and learn from your mistakes. In this blog post, we will discuss the different elements that should be included in a trading journal. These elements include the date and time, the traded instrument, the entry and exit price levels, the position size, and the trade...
Support and resistance levels are important points in time where the forces of supply and demand meet. These support and resistance levels are seen by technical analysts as crucial when determining market psychology and supply and demand. Support is the level at which demand is strong enough to stop the asset from falling any further. Resistance is the level...
Hi everyone! As you all should know by now, I mainly use smart-money concepts to enter into my trades. Today I will be talking about the concept of liquidity and how to capitalise on it. Looking at the graph, there are 4 main types of liquidity that I use and as stated in the chart, I will normally look for entries off the liquidity grab zones or liquidity...
A proper Crab pattern needs to fulfill the following three Fibonacci rules: AB= retrace between 0.382 – 0.618 Fibonacci Retracement of XA leg; BC= minimum 38.2% and maximum 88.6% Fibonacci retracement of AB leg; CD= Poses a target between 2.24 – 3.618 Fibonacci extension of AB leg or an ideal target of 1.618 of XA leg. Crab Pattern The XA retracement levels are...