Bitcoin 57k-53k Sell Breakdown
In this video I go over my personal overview on the move BTC made from around 57125-53300. The video is broken down into 2 parts! First me showing my full markup of everything pieced together. The second half is a breakdown from scratch of how I put the pieces together. Market structure was a little bit shaky as the buyers are...
NZDUSD has recently given us the perfect impulse, correct, impulse move, which is probably our favourite pattern to trade.
The market moves in waves. There's an impulse wave, followed by a brief period of consolidation/correction where buyers and sellers accumulate their orders. This is often followed by another impulse wave in the same initial direction as the...
Etherum 1780-1660 Sell Breakdown
In this video i go over my personal overview of the sell setup that Etherum made from 1780 down towards the 1660 area. From the 4HR TimeFrame price action was telling the story that lined up beautifully for the continuation towards the down side. From the lower time frames the buyers were attempting to hold the support levels...
Beginners often ask me what the optimal trading PC looks like, what to look out for and whether there are special requirements. In pictures you can often see these trading workstations with countless monitors, etc. But the truth and the conclusion right away:
You don't need special equipment or a special computer to trade successfully. If you are able to read...
Round numebrs are liquidity levels, where price usually STUMBLES OR REVERSES.
Trends move between round numbers and can be identified using closing prices (line chart).
To identify uptrend you connect DISTINCT higher lows on line chart
To identify downtrend you connect DISTINCT lower highs on line chart
1 a price breaks out from support line of the big bearish pattern
2. a price must breakthrough last HL of the bearish pattern
3. entry when small pattern breaks out 4.
look for examples from the realtime charts
It is important to identify impulses and corrections for you to know where the next moves are headed. In this chart you can clearly see the impulses and patterns forming.
I've spent around 9/10 years trading with technical analysis.
I used to spend 2/3 hours on a weekend and easily 1/2 hours each day on the screen - that doesn't include the amount of times I'd be checking from my phones on and off throughout the day too!
So add that all up - its 620-700 hours per year.
Frightening.
We trade for freedom and time - not to spend...
Hi and welcome to this educational post:
Here is some of the important Reversal patterns :
1.Double Top:
price two unsuccessful times try to break resistance and continue the trend but second time that failed if the price fall more than previous support that formed (fall under neck line) then pattern completed and falling would start .
2.Head & Shoulder :
has...
ust browsing through my analysis means a lot to me.
➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied
Always enter into deals when there are more than 5 reasons
combined
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Golden Rule's
Top 10 Rules For Successful Trading
1: Always Use a Trading Plan.
2:...
Fibonacci price/time analysis can be used on any time scale from minutes to decades in any market.
The 30 minute BTCUSD chart illustrates two nearly perfect Fibonacci price ratios.
The first measures the decline from 57681.40 to 44153.20.
The second examines the relationship between waves "A" and "C'' of the decline.
Mark
Buying dips can be tricky, the issue is knowing if it's an actual dip or a full trend reversal. I used to think buying at a lower price to double down on an investment going the wrong way was a good idea. However, after reading a book called the Zurich Axioms by Max Gunther - the penny actually dropped. In essence, profit is profit. It does not have to be made...
Elliott Wave Theory
What is the Elliott Wave Theory?
The Elliott Wave Theory came from Mr. Ralph Nelson Elliott in the 1930s. The Elliott Wave Theory said that there are five waves in the main trend with three waves in a correction. The smaller patterns together form the bigger pattern.
Pattern Identification
Wave 1, 2, 3, 4, and 5 run in the direction of...
Here is a chart of EURCAD. There were various opportunities available both short term and long term. Once you can identify chart patterns, you can easily anticipate where price will go next.
A great chart pattern that I always use is flags - Bull Flags and Bear Flags. In the chart you can see that many times price impulsed and then created a flag and then carried...
Okay, let's get straight to it. In physics and mathematics, a sine wave or sinusoid is a mathematical curve that describes a smooth periodic oscillation.
Key Points:
You only need to understand 3 concepts about a wave:
Waves are described using the following terms:
Peak – the highest point above the rest position.
Trough – the lowest point below the rest...
I've been in this trade for some time now so I thought I would share my approach on How I Successfully buy the dip.
Hope you enjoyed my first tutorial, many more to come.
Follow me and stay tuned on many more ideas and tutorials from an Insider.
1-Don’t go all in
2-Manage your risk
3-Reduce your position size
4-Trade with a strategy that offers an edge
5-Not more than 50% of your wealth in the cryoto market
