Please see my 12/28/19 post "Long-Term Forecast for 2020 and Beyond." That post illustrated a fascinating web of 89 - years of Fibonacci time cycles that pointed to 2021 as a year in which there could be an important turn. This forecast method does not predict tops or bottoms, only potential turns. Price action into the turn zone determines tops or bottoms. ...
I have on the wall next to my trading desk a list of 10 rules which I remind myself of every day. These are rules that I've come up with as a result of mistakes that I've made in the past. New traders often have misconceptions about what good trading looks like, or how a successful trader behaves. The barriers to getting into trading today are low, but the...
Warning: This is not any financial advice, real scenario may be different. This is something that I'm expecting on ETH Crypto peaks are usually marked by blow off tops, and an extreme mania/euphoria phase. I expected the last crash from $4.3k levels last time to be the top, but then, the buying pressure, proved it wrong. There was ample demand, and now it is...
The reporting period always attracts the attention of investors and can guide a company's stock to meaningful changes. Now that the season is here, many organizations find themselves either winning or losing. A temporary loser was Intel, whose stock fell on Friday following the release of its Q3 results on Oct. 21. Investors sold their shares as the company failed...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely...
Flows into USD continue with yields unlocking potential for flattening. The latest breakdown in euro is calling for a reassessment across all charts, did not expect the pullback to come this far, so we will go through the process over the coming sessions. An interesting environment, we are in the middle of summer with thin liquidity and technical discipline...
In this series of chart patterns, we have taken a look at the more traditional ones. However, we have not yet discussed harmonic patterns. Harmonic patterns form a part of the numerous chart patterns available for the identification of reversal points. The practice of trading using harmonic patterns is often defined as "Harmonic Trading". We felt like it was an...
On morning's Live Stream we discussed USDJPY. Last week the price reached a key weekly resistance cluster. Bears started to push and today they managed to violate a rising parallel channel to the downside. I believe that such a breakout may trigger a strong bearish continuation. The price may drop to 112.1 structure soon. ❤️Please, support this idea with...
Shiba Inu price nearing the moon as bulls quickly push toward $0.0001. SHIB's market cap grows to $42 billion, becoming the ninth-largest cryptocurrency. Shiba Inu is like a 100 meter Olympian on steroids, sprinting to new all-time highs (ATH) every day. The meme-based coin has brushed its shoulders with $0.000088 for the first time in the history of its...
Trading Alt-coins is not easy. Often while waiting for them to reach their targets suddenly the hole market takes a dive before they get there.. or we sell them and they keep going much much higher leaving us behind in the dust.. So i came up with another approach trying to time the point where the hole market dives and sell them all together no matter where they...
I will keep this post short, so you can get a general idea of this trading style. First of all , we have a situation where the price could not make a new ATH in 200 days. It's important to notice that we can draw a clear structure with well-defined limits because the price stayed in a clear range between 146 and 114 Now that the structure is clear, it is easy...
I decided to analyse DOGE and SHIB in comparison with each other. SHIB is repeating price movements almost identical to those of DOGE. There was a very long accumulation on the DOGE chart, after which price broke through it and DOGE rose by 500%. SHIB has now also broken through a strong accumulation and reached a high of 300%. After such a strong accumulation,...
The prediction today is that COINBASE:ETHUSD Ethereum is looking quite strong — much like a technoviking in their prime.
This week, we will be taking a look at the ingredients that go into creating and posting high quality trade ideas. While many think that a good trade idea begins and ends with finding a high probability chart setup in a liquid, volatile asset, the *best* trade ideas often combine multiple disciplines - which could include macroeconomic analysis, fundamental...
Earlier this year, Amazon made the shocking statement that founder Jeff Bezos would step down as CEO starting in Q3 2021. According to Amazon's announcement, the post will be filled by Andy Jassy, who earlier managed the company's fast-growing cloud computing business. Given that Bezos will have to live up to his class, the pressure is on. Next week, when the...
Hey traders, Rising wedge pattern is one of the most accurate price action patterns. Being relatively simple to recognize, it is applied in various trading strategies. ⭐️The pattern itself signifies the exhaustion of bulls. Even though the asset keeps growing in value, the price action legs contract forming a narrowing channel. Being stuck between two...
Hello TradingView Family, this is Richard, if you like the idea, do not forget to support with a like and / or comment. BTC is now in a correction phase / short-term bearish trend - after breaking below the last low marked in red. The bears are clearly in control for now since BTC is making Lower Lows and Lower Highs. However, the bears seem to be...
The Market's longer term uptrend still intact. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or...