Forecastingtechniques
Fed's Hope in 2024 - Their Projection & PlanDuring the December FOMC conference, the fed said the appropriate level for interest rate or the fed funds rate will be 4.6% at the end of 2024 from current 5.5%, 3.6% at the end of 2025, and 2.9% at the end of 2026.
Many reporters take that as Fed’s hint to cut rate in 2024, but the Fed added saying these projections are not the committee decision or plan.
So what is the difference between a projection and a plan? And how will the market performance in 2024?
Dow Jones Futures & Options
E-mini Dow Jones
Ticker: YM
1.00 index point = $5.00
Micro E-mini Dow Jones
Ticker: MYM
1.0 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
How to Profit from Trend Exhaustion - XAGUSDHow much ... and when? What else is there to know? Enjoy this multi-timeframe tour of the XAGUSD chart to learn how I find MAJOR reversals and targets BEFORE price action reaches them. As always, I strive to produce charts that speak for themselves, and yet this is my video debut here on Tradingview, and I could not be more pleased to narrate this unusual experience. If you enjoy it or, better yet, if you learn from it, then consider this a preview of forthcoming weekday morning livestreams, which I hope you will follow. Until then, be liquid!
How We Use The Forecast Model PatternsThe current position of all patterns (with the exception of the Cumulus Triangles) are not set in stone. The patterns can extend across many different price and time ranges at any given point in time. The current positions are default locations determined by analyzing the historical average position were each pattern occurred across all cycles. We currently have every pattern in this default position to help us gauge where the Bitcoin price most likely will be in the future, and to compare historical price behavior to the current situation.
Thanks for watching!
The FOMO Funnel! 🌪 Forecast Model Churns Out Another Pattern!In times of extreme FOMO the Bitcoin Market can be an emotionally challenging place. The Crypto Weather Channel's Forecast Model (The Jet stream) spins out yet another price pattern in the Bitcoin chart to help us navigate these times. Also, a few additional price targets will be established as we approach this moment. No one but The Crypto Weather Channel is planning this far ahead in the future! Thanks for watching.
Technical Framework for Beginners 101 Part IIHi there,
The goal of every market speculator is to be able to think and trade confidently themselves. Not having to rely on anyone person. But to get there you need someone to tell you some basic first steps. If you are just starting out there's no need to go full obsessive reading every TA publication on tradingview. In most cases the best way is to simply just do it yourself. Be original. Come up with your own ideas and creativity. Don't be afraid to be wrong. Experiment with all the drawing tools and analytic tools on tradingview.
To summarize my main points during this 2 part series:
1) If your end goal is to be a market speculator you need to be a STUDENT of your asset. Study it. Pretend it's your child even. Get to know it's temperament. Look at the entire price history of the chart.
2) Create an economic cycle report showing all the bull and bear cycles, noting periods of Greed, Fear, Despair, Accumulation. Note how long these different cycles took. Having this knowledge will allow you to better understand the current cycle we are in and where things might head.
3) When you are first starting out always study the longer time frame charts. Daily, Weekly, Monthly. Anything less than an hour takes lots of skill to trade.
4) Get to know common moving averages and what they can tell you
5) Note previous major resistances and supports on your chart based on historical prices
6) Get to know your friend Fibonacci
7) Get to know different momentum indicators
8) Lastly - always make sure you technical frame work is super clean and concise. It should never EVER be cluttered. Just because a chart has a million trend lines and indicators doesn't mean it's good. Mostly likely it's garbage.
Anyway, I hope some of the info was helpful for you. Again, 99% of the leg work will need to be done by you and that's ok. If this is something you really want to do as a profession someday you'll be disciplined to learn as much as possible.
Take care and hit me up with any questions. I like being engaged with the community on TV
Regards,
Bobby