Trading a new cryptocurrency involves high risk but can be exciting and potentially rewarding, especially if you enjoy the crypto market and understand the risks involved. Here's a description of how you might approach trading a new coin while managing risk: Research Thoroughly Assess Risk Manage Investment Size Time Entry Wisely Plan Exit Strategy
In the dynamic cryptocurrency sector, Bitcoin (BTC) serves as a beacon of innovation and volatility. As financial experts delve into its complexities, here are some key insights and analysis on BTC's current state: Price Volatility: BTC's value is notorious for its volatility, suggesting both the potential for significant profits and steep downside risk. Market...
The price is currently piercing through the cloud and aiming to overcome the resistance level. I believe the price will soon retrace.
SHORT #OCEANUSDT from $1.0733 30m TF. The instrument has formed a descending structure in the form of a triangle with a decrease in highs and volumes along the trend line, which indicates the predominance of sellers at the moment. There is also a strong local support level with a lot of touches, behind which liquidity has accumulated. I am waiting for a traded...
In the ever-changing financial landscape, the Euro (EUR) remains a pivotal currency, subject to various influences and market dynamics. Recent developments have shed light on the complexities and opportunities within the EUR market. Key factors impacting the EUR's trajectory include economic data releases, central bank policies, and geopolitical events. Despite...
Like the previous example, ADX has been below the 20 zone for some time. At that time, EUR was also moving sideways. After ADX increased past 50, EUR also broke its peak and created a strong uptrend
Amidst the evolving global economic landscape, the Euro (EUR) remains a focal point for investors seeking clarity and direction. Recent developments have underscored both challenges and opportunities within the EUR market. Key factors influencing the EUR's performance include economic data releases, central bank policies, and geopolitical events. The EUR's...
What you've just observed is the basics of bouncing back from the Bollinger Bands. The reason for this bounce is because these bands act as dynamic support and resistance. The larger the time frame you use, the stronger the support and resistance from the bands. Many traders have developed trading systems based on this factor. This trading system works best when...
The price of gold has slightly declined below $2,355 during Wednesday's Asian trading session, following its recent record high of $2,366 on Tuesday. However, when looking at technical indicators such as the Bollinger Bands and the Relative Strength Index (RSI), it is evident that the market is still in an uptrend with no signs of a downturn. Observing the...
Due to today's BTC sale could test 60K level. BTC today broke the important support level of the rising trendline. Need to claim it back soon otherwise 60k is unavoidable.
In the intricate web of global currencies, the Euro stands as a pivotal player, navigating the currents of economic fluctuations and geopolitical shifts. As we delve into the realm of currency analysis, let us unravel the complexities shaping the Euro's journey. At present, the Euro finds itself at a crossroads, buffeted by a myriad of factors. Economic data...
I got distracted about chatting around market structure, and didn't run my confirmed turning point checks If this isn't the new low, then use yesterday's forecast
Greetings traders! Here's an extensive multi-time frame analysis for the selected pair. Feel free to drop any questions in the comments section below. Remember, we'll only consider entering a trade if all strategy rules are met. Let's exercise patience and wait for further price action development before committing to any positions. I recommend keeping a close eye...
Exactly, when the Exponential Moving Average (EMA) is trending upwards, it indicates a short-term uptrend in prices. However, if the Simple Moving Average (SMA) is trending downwards, the long-term trend may be bearish. When the SMA crosses above the EMA, this could be a sign of a reversal in price trends.
Firstly, let's focus on the EMA (Exponential Moving Average). While a simple MA (Moving Average) may react quickly to price changes, a shorter-term EMA is most suitable. It can help you capture trends rapidly and yield higher profits. The truth is, the quicker you catch a trend, the longer you can ride it and the more profit you can make. However, the drawback of...
Getting the market structure correct makes or breaks the rest of your forecasts. Many Gann Traders don't know where to anchor in their Gann tools correctly Today I chat about the market structure and allocated market energy within it
Hello everyone, EUR/USD is currently recovering but remains below the 1.0800 level at the start of Wednesday. The pair is receiving support from a significantly weaker US Dollar, even as inflation cools in Germany and the market remains unconcerned about the Eurozone's HICP release, US ADP employment data, and Powell's speech. However, EUR/USD is predicted to...
With gold hitting all-time highs, optimism runs high, but uncertainty prevails. Therefore, seizing every trading opportunity is crucial. If selling, await clear signals; avoid over-reliance on singular factors and manage risks carefully. Rapid market adjustments often lead to new highs. Currently, buying momentum appears strong. Focus on support near 2222 and...