When doing fundamental analysis into a stock or in this case a coin – you need to appreciate, it is still a company after all. So, your fundamental analysis should include, taking a deep dive into the available information. You might want to review the project use case, the team, and the money the project has raised so far. As you can’t really do technical...
According to the Dow theory, there are 3 types of trends. When the market moves in a certain direction, it never makes it a straight line. The market always moves like this: a new peak; rollback; new peak. A rollback is followed by a new maximum value, a new rollback, and so on until the trend changes. As a result, any trend can be decomposed into several stages....
I am looking a Tron (TRXH19) on BitMEX and it is getting ready for action. Looking at the chart above, there are several signals to look at, please allow me a few minutes to go through these with you and feel free to hit like anytime now before we get started... Ok... Great... Let's trade! We can see that Tron has been retracing for a while but volume has...
Buy Green Sell Red // it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, // it works good for stocks and cryptocurrency. // you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. // when a green dot...
I got asked "What should I use if I only have a basic tradingview account without custom timeframes?" Here is a video explanation of what i would recommend. Monthly / Weekly / "Maybe the daily to scalp" Monthly will identify overall trend in the market Weekly will be a good hold and sell Daily to scalp as the market is going up Hope this helps. :)
Tron (TRX) is preparing to form its bottom. - We have gone oversold on RSI daily timeframe. - And we have many EARLY signals of a coming bottom. I will keep track here and update as necessary if this trade idea receives enough attention. This is a friendly reminder so that you can keep and eye, opportunity to buy available. Note: This is for your learning and...
A lesson on the golden cross and the death cross. Very simple strategy on the 1 hour chart. (works on all time frames) Look on the chart and you'll see we have two ema's. The orange is the 50 ema and the blue line is the 200 ema. Golden Cross: when the the 50 ema crosses the 200 ema, resulting in the 50 ema being ABOVE the 200 ema. Death Cross: when the 50 ema...
This post is meant for traders who may not understand support and resistance levels, how we establish these lines and why they're a useful tool. Support refers to an area that is likely to cause a bounce or a trend reversal to the upside. Resistance refers to an area that is likely to reject the price or cause a trend reversal to the downside. So how do...
Buy low sell high. But when do you buy? And when do you sell? What I think is important to remember isn't always getting in at the exact top/ bottom, it's about making consistent profits. A good trader isn't right 100% of the time nor does a good trader get perfect entries and exits. A good trader is simply consistently profitable. Making a small profit is better...
#tron $trx #tron 15min chart analysis: (Short-term analysis) Bullish bias: If we break above 875- Wave 5 Target: 895-905, Bearish bias: If Double top support at 840 is broken with confirmation. Target for ABC correction: 800-810sats. #Crypto $crypto #cryptocurrency www.tradingview.com
When I saw Tron (TRX) on Binance going up yesterday, I wanted to post an update to suggest caution. As Tron is part of the cryptocurrency markets and the market is going through a huge correction. I know that many of the Tron traders are beginners, as Tron was only available on Binance first and Binance took the job of taking in all beginners crypto traders....
My preferred trade set-up. This works in all markets & all time levels. I use daily tf for charting & most of the time use hourly for set-ups. See the notes on attached chart and get some screentime in. No substitute!
Not quite following the usual Elliot Wave downwards movement but keep in mind that corrections do not always follow the guidelines of Elliot Waves. For now the price is following the projection neatly, will update once anything notable happens.