(Sorry for no posts the last few days, I was waiting for BTC to make the 30k zone as we were just in no man's land)
Taking a quick look at the relative strength index you can see here we have some classic bullish divergence which is a good sign for a reversal + we are in the 30k support area.
Also, the intensity of this drop from the 15th is showing me signs...
Seems China is at it again, throwing some serious FUD in the markets. Just seeing it all, so i assume that China has caused this drop. Think that worries me a lot, Yesterday we had a very bullish daily candle close. Normally worst case, we would have seen a very weak follow through to like 37 and than after day or 2 seeing it drop again. Thats the worst case i...
Triangle is a classic price action pattern that is applied by technical analysts to make predictions trading different financial markets.
Depending on the shape of the triangle, there are three main variations of this pattern.
Its meaning changes dramatically from one to another so it is crucially important for you to know the difference.
👉 The symmetrical...
Last week, the commodities sector experienced more than a speed bump after an extended period of price appreciation. As July soybeans roll to the next active month and the new crop November contract in the futures market, the price became a falling knife before recovering on Friday, June 18.
Beans tank
They were not the only commodities
A Fed hint made its...
Price action and market structure. Understand. Anticipate. Earn.
As advocates of technical analysis of price, we recognize that price and its traces on a chart are everything. Nothing else is needed.
Only one thing is important for us, we do not need to get away from everything and understand the price action and the structure of the market.
Price is a trace....
1. Gold
Historically, Gold and Silver crashes weeks before market crashes. This is because of a big rise in the dollar. Silver is heading to 25 and Gold to 1675.
Snapshot of 2008:
Snapshot of 2000:
2. DXY and Inverted SPY
DXY looks bullish and heading to 95 then 100? On Jan 7th 21 we saw the dollar stopped going down and stocks continued to go up. In...
In this quick and easy lesson, I will break down the concept of liquidity.
If you retain the thought that liquidity stands for an area where stop losses are you will grasp this concept quickly.
We often see spikes into areas of liquidity before true moves continue, this is so that banks can capture as many orders as possible before they depart from the area.
What is a Fibonacci fan?
A Fibonacci fan is a chart construction technique used in technical study that uses the Fibonacci interaction to graphically predict support and resistance levels.
The Fibonacci quantity can be used to explain the proportions in things, from the smallest building blocks of nature, such as atoms, to the most advanced patterns in the...
The Market may have some more room to the downside with the longer term uptrend still intact, software names are leading. 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...
GME is printing the exact bar pattern of AMC before it's explosive move up.
As these 2 are highly correlated, this will be important to pay attention to going forward.
If today (Friday June 18th) closes bullish, or you see positive price action with high volume, this trade could be ready to take a long.
- CA$HLESS
The velocity of money (M2V) is the rate at which consumers and businesses spend money and it’s calculated as the ratio of gross domestic product to the country’s money supply.
MV = PY
or
V = PY/M
M: Money growth.
V: velocity of money (or the rate at which people spend money).
P: the general price level or inflation
Y: the number of goods and...
█ OVERVIEW
Curious or incredulous traders often ask me why I publish my indicators open-source. There are many reasons; this is the long version of the answer.
█ WHY OPEN-SOURCE?
I 💙 TV
I love TradingView. I share and respect its co-founders' objectives to demystify trading and markets, to empower traders with powerful tools and provide an environment...
This simple idea is an intro to @TradingView & @PineCoders
Nothing fancy or complex, if you are already coding - you can skip this.
simple MA build walk through & adding a second MA.
If you want to get into coding, then here's the basic introduction.
FYI - I am not a coder, 21 years trading experience and know a bit about the instruments - but new to actual...
You can now add tweets to your chart! The process is simple and we'll walk you through each step:
Step 1 - Find a tweet you're interested in and copy its link. The Twitter link will look something like this: twitter.com
Step 2 - Open your chart and then paste the tweet. The tweet will automatically attach to the exact timestamp on the chart. You can sit...
Hello Traders.
Here is THE XAUUSD UPDATE YOUVE BEEN WAITING FOR!
Here is my Previous Analysis on GOLD -
The economic data, the stock market, and businesses' actual health are completely out of sync. That is because the U.S. stock market is still sitting near its record high while enterprises are consistently forced to close. With the new variant of...
1. Commodity Currencies
Australia, Canada, and New Zealand all have commodities that fluctuate with respect to commodity prices. As demand for these countries' export has risen and commodities have increased in value, these three currencies have appreciated. As the dollar depreciates, commodities become cheaper.
A. Aussie Dollar
Australia is a major...
Risk Management
In this article we are going to talk about the most exciting topic of risk management!
Sarcasm aside, this is probably the single most important lesson that any trader or investor can ever learn.
Warren Buffett famously said: "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1."
So, if it is good enough for the most...
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Quick glance: In our last tutorial, we discussed the use of MACD in different time frames in crypto-trading. In this tutorial, we will discuss the Taproot upgrade: the first major...
