In this video I go over several reasons why yesterday's low signaled to me that it is a good low to now look for longs. I use a measuring tool for rotations, Bollinger Bands (20 Period 3 Standard Deviation), 10 day Moving Average, and the Year To Date Auto Anchored VWAP.
I connect my TradeStation account to Trading to Trade Futures.
Past performance is not...
There are a couple of widely accepted definitions of a correction and a bubble. Today I am going to offer a slightly different technical definition and observation based on longer term trends and deviations from those trends during market cycles.
If you overlay a 3 year moving average on a long term index chart, you’ll notice a couple of things. One of which is...
Gold's general commentary: Gold has so far managed to break below the key #1,877.80 pivot line, holding from February #17 and that development alone attracted Gold Sellers which dragged the Price-action towards #1,852.80 psychological barrier, forming an Bottom which can be the Higher Low’s on the Daily chart’s steep Descending Channel that started after the...
Nasdaq (5/2/22): After the announcements of the expected 500 basis-points rate hike from the FED last week, there was a mass sell-off in the markets. However, we're now getting Bullish Divergence on the RSI. This means that we are losing strength from the sselling pressure. We are likely to bottom out soon, maybe today or in the next couple of days.
Crypto: For...
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it...
Bitcoin's 19th million coin was mined recently, increasing the circulating coins proportion to 90% of the total supply. Besides, there is a common pattern known as the rainbow chart which displays the logarithmic regression path bitcoin follows. The cyclical behaviour of the security can be explained by the following facts :
Bitcoin tends to be overall bullish...
URA failed to make a higher high and got smashed at the .786 fib at $28.25. Weekly Money Flow and Momentum coming down. URA will hit the 1 fib at $17, and most likely the .618 retracement at $12.
Fun Fact: Despite Elon Musk's endorsement of nuclear energy, just focusing on Electric Vehicles, there is a metric called the "Wells-to-Wheel variable" that measures the...
The fed fund futures seem to be disconnected from reality and in my opinion the primary driver of the markets right now.
On their last meeting the Fed signaled a target rate of 1.75-2% by end of the year so over the 6 remaining meetings an average .25 rate hike per meeting. Economists think this will be a bit higher with 2x .5 hikes and 4x .25 hikes. As of today...
The metaverse (Decentraland especially) has a lot of hype behind it but the utility aspects of it is still underbuilt in its current form. Will it eventually get there? A look at a few things being worked on in the background during this bear market.
Unless you have been living under a rock for the past 2+ years you may have noticed the interest you pay to borrow anything has increased significantly.
Using 10 year US Government bonds as our proxy, these yields have risen about 8 fold during this period.
How and why is a topic for another day. My point here is Have have we gone too far too fast and is there...
Price is dropping towards the ascending trendline. We expect that price will potentially reverse from sell entry level of 0.97552 in line with a major 127.2% fibonacci extension towards the take profit level of 0.95978 in line with 23.6% fibonacci retracement . Alternatively, price might break through the key pivot level and rise towards the stop loss level of...
Much has been said about the Nasdaq entering a new bearish phase, but to my mind the red flag warning signs were there technically from the beginning of the year. If we take a brief glance at the weekly chart, we can see the MACD indicator was below zero from mid-December 2021 onwards, when the market had only just reached a new high in November. The market was...
I've seen this comment thrown around a lot on FinTwit (financial markets Twitter) recently...
Most people would know that things go up and down, even Joe Public, right?
If they didn't, we'd just have an infinite up only business cycle and everyone would be exorbitantly wealthy - absolutely no relativity theory of give and take at all.
I completely disagree with...
Today we would like to share my opinion on the possible price of Brent Crude Oil in the coming years, analyzing the chart on a monthly timeframe
The war in Ukraine is not just a war between the two countries, it is a geopolitical problem that will affect all world economies.
The world's economies have not yet recovered from the Covid-19, and here is another...
Our last analysis on Nasdaq played out PERFECTLY. See below for our previous setup and click play to watch the magic happen...
Now we are in the corrective phase and currently in Wave C which is a 5 wave impulse lower. We are currently in the 3rd subwave and expecting a brief retracement for subwave 4 and then another move lower for subwave 5.
We have the...
BTC / USD
I think BTC still following my idea that I published on 14th april
price finally hit 37k (second support line in my chart )
You can check my last idea here :
WHAT NEXT ?
From here I expect Bitcoin to test first support of channel which turned to resistance now (around 41k)
The price action there will determine the next move :
1–If price able...
Simplicity is King when it comes to day trading futures. One of the keys for me when I am day trading futures is to find one side of the market to trade on and stick with it throughout the day. I think too many people get caught up trading both sides of the market and get themselves over trading. In today's video I show you a simple strategy using a 3 minute...
#TommyLecture #PrincipleofTrading #TheoryofTrading #Emotion #Management
Hello traders from all over the world. This is Tommy.
How were your trades lately? The market was quite unpredictable recently showing high level of fluctuation which makes it harder for us retail traders to follow up. It sort of seems like a sideway trend in a big horizontal box but also...
![XBTUSD.P: Good analysts are not always good traders [Principle vs Emotion]](https://s3.tradingview.com/6/6xaDxOe6_mid.png "Good analysts are not always good traders [Principle vs Emotion]")
