Here's a quick look at the BTC 2 hr. chart. As we can see, the price has formed a diamond pattern, and a break, either way, will happen soon!
It is important to note that there exist significant unfilled CME- and Fair value gaps situated below the current price. As a general trend, these gaps are known to be filled eventually. Thus, it would be reasonable to...
Volatility within the British Pound has been a considerable point of interest recently, especially since the Pound bounced back during the early part of this quarter from a sustained period of decline against the Euro and US Dollar which took place for several months, beginning late last year.
Today, the British Pound is trading at the higher end of the 1.23...
Trading on a pullback is one of the options for trading in Price Action patterns. Like trading on a breakout, this style implies the use of pending orders. Trading on a pullback is more popular than on a chart breakout. If Price Action signals are used correctly, it can bring more profit with less risks.
🔵 Characteristics of the strategy of trading on a...
Short answer. Less inflation. At least for the remainder of 2023.
This idea is a continuation of the Gold study recently published, which you can find below. Gold price action is a fantastic leading indicator for forecasting inflationary / deflationary periods.
On the 3-month chart above Gold price action is shown on the upper chart and the lower half the...
Indicator coming soon! To be released this upcoming week :-).
Going over the functionality and setting up of my leveraged share conversion calculator indicator.
I will link it below upon its release.
This is the third and final reference indicator in my series, the other 2 being the Technical Dashboard and the P&L Indicator (I will link those below).
At this...
Ripple (XRP) technical analysis:
Trade setup : Broke out of Channel Down and above $0.40 key level and 200-day moving average, which could indicate a trend reversal from Downtrend to Uptrend. Now it’s consolidating in a Bullish Pennant, which typically resolves to the upside. If so, there’s upside potential to $0.55 thereafter.
Pattern : Bullish Pennant...
Since 2012, WisdomTree has been a leader in helping investors understand the impact that currency risk can have on their portfolios. When investors allocate funds internationally, there are two sources of return: the local asset return and the return from changes in foreign exchange (FX) rates. This can be problematic during periods in which foreign currencies are...
Welcome to @TradingView , this is @Vestinda! We're excited to share with you our insights on the Dow Jones Theory and how it can benefit cryptocurrency traders.
Dow Theory, also known as Dow Jones Theory, is a trading strategy developed by Charles Dow in the late 1800s.
Charles Dow did not write any books during his lifetime, but he did co-found The Wall...
In the world of technical analysis, patterns play a crucial role in forecasting the future movements of a financial instrument. One such pattern is the leading diagonal, which can signify the start of a more extensive zig zag formation. In this article, I will delve into the recent price movements of the S&P 500 Index (SPX) and how a leading diagonal pattern has...
The Swiss franc continues to rally and is trading in North America at 0.9139, down 0.37%. USD/CHF has fallen some 200 points in just one week.
SNB goes for oversize hike
The Swiss National Bank raised rates by 50 basis points today, bringing the cash rate to 1.50%. It was a toss-up whether the SNB would raise rates by 25 or 50 bp, and in the end, policy makers...
Gold is a precious metal trading derivative product originated in London, but it has now become popular worldwide. How to use the 24-hour gold price chart for trading?
In addition to its high leverage and high yield characteristics, the 24-hour trading time is also an important product highlight. The significant fluctuation of international gold prices...
Market sold off as I expected yesterday. It was especially difficult for tech to overcome the resistance area of 313 on QQQ.
Having said that, there are signs that yet another whipsaw is coming in a week or more. All in the video - I hoe you enjoy it.
Good luck!
Gold , known as "the safest hedge against inflation" is looking promising with the current banking crisis occurring. People are scared of banks and see Gold as a safest investment as a store of value without relying on the banks or without having USD.
Some economical factors that influence the price of GOLD with the current inflation at 5%:
-Inflation hedge: As...
Whether we're tinkering with our demo accounts or playing with a few dollars in our live accounts, it's never been far from our minds that our accounts will go big in the future.
Unfortunately, many traders struggle with taking the next step and trading larger positions.
Some find it difficult to risk losing the small profits they've worked hard for over the...
The bear market rally in Bonds concluded with a rising wedge. The pattern would indicate a return to the lows, which is exactly what the Fed should force. The view that the Fed has turned dovish is incorrect. The Fed fully understands (or hopefully so) that a moderate or even severe recession is far better for the U.S. long-term than would be the cessation of...
Be cautious buying this uptrend, and be especially cautious trying to catch the bottom of a mediocre company in a downtrend. I don't view the current environment to be fully risk off or fully risk on, but showing signs of the last leg of the business cycle. My preference is to target 20-30% cash and focus on companies with a high sharpe ratio, and lower ...
Hello traders, today we will talk about Path to Altseason
BASIC INFO
Altcoin season, or ‘Altseason’, is the home of face-melting gains & high volatility. It’s pretty much Christmas for crypto traders.
Within a brief period (usually a few weeks or months), the prices of altcoins (all coins besides Bitcoin) skyrocket as investors move their money out of...
Tesla more than doubled between January and mid-February. It retraced almost half that move last month and is now trying to bounce. Will the move continue?
The first pattern on today’s chart is the 50-day simple moving average (SMA), which the electric-car maker tested and held at the start of last week. The 50-day SMA is also rising for the first time since last...
