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History

Candlestick Definition History Candlestick charts are thought to have been developed in the 18th century by Munehisa Homma, a Japanese rice trader. They were introduced to the Western world by Steve Nison in his book, Japanese Candlestick Charting Techniques. They are often used today in stock analysis along with other analytical tools such as Fibonacci analysis. In Beyond Candlesticks, Nison says: However, based on my research, it is unlikely that Homma used candle charts. As will be seen later, when I discuss the evolution of the candle charts, it was more likely that candle charts were developed in the early part of the Meiji period in Japan (in the late 1800s). Description The area between the open and the close is called the real body, price excursions above and below the real body are shadows (also called wicks). Wicks illustrate the highest and lowest traded prices of an asset during the time interval represented. The body illustrates the opening and closing trades. the asset closed higher than it opened, the body is hollow or unfilled, with the opening price at the bottom of the body and the closing price at the top. If the asset closed lower than it opened, the body is solid or filled, with the opening price at the top and the closing price at the bottom. Thus, the color of the candle represents the price movement relative to the prior period's close and the "fill" (solid or hollow) of the candle represents the price direction of the period in isolation (solid for a higher open and lower close; hollow for a lower open and a higher close). A black (or red) candle represents a price action with a lower closing price than the prior candle's close. A white (or green) candle represents a higher closing price than the prior candle's close. In practice, any color can be assigned to rising or falling price candles. A candlestick need not have either a body or a wick. Generally, the longer the body of the candle, the more intense the trading. A hollow body signifies that the stock closed higher than its opening value. A filled body signifies the opposite. In trading, the trend of the candlestick chart is critical and often shown with colors. A candlestick pattern is a special occurrence of one or more candlesticks on a candlestick chart, which have predictive nature in technical analysis. Rather than using the open, high, low, and close values for a given time interval, candlesticks can also be constructed using the open, high, low, and close of a specified volume range (for example, 1,000; 100,000; 1 million shares per candlestick). In modern charting software, volume can be incorporated into candlestick charts by increasing or decreasing candlesticks width according to the relative volume for a given time period.
OANDA:XAUUSDEducation
by i-like-profit
2
TRUMP, BREXIT, CAPITALISM and ANCIENT ROME.Trump, Brexit, Capitalism and Ancient Rome. We’ve been there before. It is In the light of the Trump's impeachment looming and the Brexit can being kicked further down the road that I wanted to reflect on the reasons behind the two massive 2016 events and the parallels I am seeing with Ancient Rome. The idea behind this article is that although history does not repeat itself, it does run in certain patterns. The modern West the way we know it today, with the labor laws, human rights and liberal democratic capitalism formed as a system after WW1, or, rather after the 1917 October Revolution in Russia, which scared the rest of Europe into action. It is usually noted that the changes that were brought up were made for the working class, which is true, but in part only. The key target of the reforms was the emerging middle class as a designed counterweight to the young Soviet proletariat project. The reason for it is that any system needs people who are interested in it for it to survive. It was the middle-class shop owner, rentier, skilled laborers, who needed the democracy, rights, the Republic, and relatively free markets too. The case was further emphasized after WW2 when the Soviets became a symbol of a completely different alternative system, that posed mortal threat to the West and Capitalism. With the collapse of the USSR, however, we've reached «the end of history». Capitalism, liberal democracy and all that accompanies these ideas has won. There was one global system only. And as was the case with Ancient Rome, as soon as they defeated Carthage, the long-standing mortal enemy, a rival City that could bring to an end the entire Roman civilization, Rome immediately turned onto itself. Just as the immune system attacks its own body in the absence of external malicious substances. Rome turned onto itself, slowly, already the strongest unrivaled force in the region, but not yet a ruler of the whole Mediterranean. As Rome grew, so did the riches of the Rich, not constrained by Rome or Italy, for both enrichment and sources of power anymore, no longer waking up at night to the nightmare of the Hannibal's hoards streaming down the slopes of the Alps. After the last King left Rome for good, The Veii, The Samnites, The Latins and then the Great Carthage were all strong enough to put Rome to an end. So the social cohesion was strong, as any Roman identified itself with Rome in the first place, his class interest coming second. However, after the True mortal threat was gone, the metamorphosis in the elite-people relations spilled out in the open with the Social war of the Italian cities, fighting for the same rights as the Roman citizens. The demands, that were reasonable at the very least, as the Italian cities were populated by the Romans in all but name, supplied soldiers to the armies of Rome, yet were getting increasingly smaller parts of the spoils. These demands were rejected by the Senate, fearing an influx of the Novus homo(new people) to the political scene, possibly targeting their rights as nobles, challenging their seats in the Senate. Then, with the Gracchi Brothers, disturbing Rome for at least a generation in their fight against the oligarchs. Followed by Marius and Sulla years of Struggle, ending with the Death of the Republic at the hands of Caesar and Augustus. The state of the Republic before its collapse was remarkably similar to the one of the modern West, but nowhere so striking as in the USA and the UK, the two empires, that styled themselves after Rome in one way or the other. In the days of Caesar, All the land in Italy and outside of it was concentrated in the hands of the few wealthy families, the fields were worked by the hundreds of thousands of the slave hands. The deposed farmers and laborers all flocked to the cities, filing brothels, gangs, and armies of beggars, which ultimately lead to the grain dole being the cornerstone of the late republican and then imperial policy. Julius Caesar, an impoverished noble, came to prominence opposing his class, pushing for the land reforms, which ultimately resulted in the Senate eager to prosecute him, which as we all know led to the legendary crossing of the Rubicon and the consequent death of the 500-year-old republic. As I mentioned above, Any system lives only as long as there are enough people interested in its existence. Republics and democracies require an extensive middle class of small property owners(small farmers in the case of Rome) and secondly, large swaths of wealth to be distributed evenly among the elite. If 50% of all the land belongs to a 1000 nobles, they need a Senate to settle the disputes among themselves and also, they, though reluctantly, need the consent of the other 50% of the owners. That is the recipe for Democracy and the Republic. By the time of Caesar, 80% of all the land was in the hands of just a few families, the remaining 10% in other impoverished noble's hands and the remaining 10% belonged to the remaining middle-class farmers. Neither the 80% nobles nor the poor, the proletariat, ex-middle class, outcompeted by the free slave labor and colonial goods, needed the Republic. It did not serve them anymore.There were not enough people who were interested in its existence. And the Republic fell. It weathered the Veii, the Gauls, the Samnites, and the Latins, it weathered Carthage, the Macedonian and the Syrian wars. It fell after there was no enemy left to fight.It fought and consumed itself. I am not here to say that the election of Trump and Brexit vote are in any way comparable to the fall of the Roman Republic. We are not there yet. However, I can not help but notice the striking similarities between the Late Republic and the modern-day West. The West fell in love with neoliberalism in the mid-80s. We opened up markets, we deregulated. Which is good. Free markets and capitalism are the ultimate wealth creators. But we also opened up the borders for migrants. We had electricity prices 3-4 times the ones of China. We had environmental and other regulations kill businesses in droves, driving the survivors out of the West. No one was ready for that. In the UK we saw both major parties, the Tories and the Labour turning from serving the different parts of the now dying middle class to the one serving the ultra-rich and the other serving the ultra-poor. In the US, the Dem party saw that the mass uncontrolled migration turned sanctuary cities, red and purple states- blue and the Republicans were hypnotized by the neoliberal mantra, also being busy bombing godforsaken deserts thousands of miles away from the US. Small farmers died out and were bought up by large estates, migrants turned sleepy peaceful cities across America into the War Zones. The middle class, slowly dying under the simultaneous assault of the sudden globalization and migrants driving down wages, destroying communities, was constantly bombarded with allegations of racism, fascism, white privilege, homophobia, islamophobia, and many other phobias , by the smirking intellectual coastal financial, media and political elites of the Bay Area, Manhattan and the DC In the US and Southern England/London mansion dwelling Westminster M25 bound elite in the UK. The elite, that felt that they were smart enough to make the decisions, the brunt of which they were never to bear.They had good jobs, unavailable for migrants, they had private schools, free of the latter, and they did not need any border walls, for their estates were behind the walls anyhow. Migrants mowed their lawns, served their coffee and took out the trash. They got emboldened by the fall of the Soviet Union in the same way the elites of Rome got emboldened by the defeat of Carthage. The middle class that was to be a counterweight to the Soviet system was no longer needed, so they were to tax it out of the existence. Tax and regulate the businesses that supported the middle class out of the existence too, substituting them with cheap migrants and overseas labor to take away any bargaining power they had left. The vote for Trump and Brexit was a massive middle finger to Washington, Hollywood, New-York, Westminster and Brussels. The people of the Leave and Trump didn’t care about the consequences, even if there were to be any. They just told the arrogant elites to “go and love themselves”. The Trump/Brexit voters were the same people who supported the Gracchi Brothers and cheered Marius And the Popularies. Now, we are still quite far away from the Caesar/Augustus moment in the West, but we are already close to the Gracchi Brothers moment. However, contrary to the popular mythology, the Era of Emperors in Rome, despite the good optics and splendor and the aura of glory did not benefit anyone, neither the common men nor the elites. So instead of the hysteria about Trump and Brexit that we were all unfortunate enough to be involuntary witnesses to, conclusions are to be made. Yet, with the Calls for the impeachment, Brexit revocation, the further EU federalization and yet even louder calls for the open borders, UBI, slavery reparations, More regulations, the Green new deals of all sorts and other fancy words, that are in reality a mere epitaph of the Middle Class yet be carved on it’s tombstone, if any of that to be enacted, hopes are low. As I already mentioned, it was the lack of a potent enemy, rather than the existence of one, that killed the republic. In the light of the reaction of the elites to the events observed in this article, the hopes are low, but the salvation of the West might come in a form of a common enemy in the face of China. If that is not to be the case, the West is bound to consume itself.Alas, unlike Rome, I can't see a shining empire coming out of the flames of the old Republic, metaphorically speaking. The end. PS:that is a grotesque exaggeration for a stronger dramatic effect, yet the concerns raised in this article do deserve a good discussion. Which I encourage you to produce in the comment section. Please, do share and comment. I would appreciate your take on the issue. Let me know if you think my analogies are accurate.
AMEX:SPY
by CassidyWaterhouS
20
Perfect bull flagETH is currently in a bull flag that is holding up very neatly. BTC is in a similar bull flag that is also holding up perfectly. We can see on the smaller time frames that ETH is really eager to break out on the upside. Everytime BTC goes up a little ETH goes up way more. The ETH bull flag has an upward trend whereas the BTC flag has a flat trend. (I don't how how to add both charts in this idea sorry, tips welcome!) We're just waiting for BTC to make a move towards the upside of the channel and then out of it, allowing ETH to shoot up too. Check out this idea to see that history is in our favor for a breakout. The BTC LONG/SHORT ratio is also very much in our favor! Let's see what the whales have in mind for us.
COINBASE:ETHUSDLong
by Shynaxo
A friendly reminder...Before you start telling your momma that "BTC will go down to 1k for sure" take a look at the previous bull market where we had almost the exact same kind of drop before shit really got real. We dropped about 42% and all the way back down to the 100 EMA (blue line). This is still nothing to worry about!! Relax your souls guys! Nobody knows if we are in a bull market or a bear market so the easiest and safest way to make money is to simply hodl and feel sorry for those dooms day preachers. See you at a new ATH soon. Stay safe!
BITSTAMP:BTCUSDLong
by Tylax-Finances
2
$126K Bitcoin by January 1st, 2022The last time bitcoin put out a golden cross on the monthly MACD (January 1st, 2016), there was a 14,819% return before the death cross (on June 1st, 2018). Bitcoin started at $430.89 and ended its run at $6385.71 with highs and lows between the two. The same return at our current golden cross would put us at $126,667.92 on January 1st, 2022. This is if history were to completely repeat itself and as we all know, it doesn't work like that. Let me know what your price predictions for January 1st, 2022 are below! Would love to hear if you are #short or #long and the reason for your position.
BITSTAMP:BTCUSDLong
by CptSafety
1
Ameican Stock Market Grand Supercyle, 9 Waves from 1789 to 2200s Unfortunately Tradingview doesn't have the complete historical chart of American stock market dating back to the 1830s or even 1790s, the age of Philadelphia "Board of Brokers". I'll try to explain briefly here: www.chartertrust.com 1790s to 1835: 1st Wave 1835 to 1842: 2nd Wave 1842 to 1929: 3rd Wave 1929 to 1932: 4th Wave Now is the important part: 1932 to now and the next 1-2 centuries: the GIGANTIC EXTENDED 5th Wave, which is comprised of 5 major waves, each similar in length to the previous 4 Waves. Therefore the gigantic bullish run from 18th century to 23rd century should be divided into 9 Waves, not just 5 Waves. Some people have worried that 2000 is the end of Wave 5 of Wave 5, possibly leading to unprecedented crashes which would never be regained in a couple of centuries, comparable to the Dark Ages after the collapse of Roman Empire. History proved them wrong, the only viable explanation is that this Wave 5 is super extended, and the Grand Supercycle starting in 18th century is better described as a 9 Wave structure. Therefore: 1932 to 2000: 5th Wave 2000 to 2009: 6th Wave correction 2009 to 2070s or 2090s: 7th Wave Late 21st century: 8th Wave correction Late 21st century to 2100s or 2200s: Final 9th Wave, with crazy inflation to pay for the expanding American Empire's always expanding bureaucracy, like what the Roman Emperors did. I put the Final end in the 2200s, assuming the future American Empire would have a similar lifespan to the ancient Roman Empire. If so, the American Empire would have its 3rd Century Crisis in the 2200s. Of course, with the modern society being much faster in many aspects, the future American Empire might start having big trouble earlier, possibly in the 2100s. I have to say this is not entirely fantasy, considering the rise of Donald Trump, some of his supporters being from the neoreactionary movement, and some of those neoreactionary people considering military dictatorship in the Roman fashion as a favorable alternative to Democracy. Of course they will take a long time to hold more political power, therefore I say the USA might only become a true caesarist or neoreactionary Empire in the end of 21st century, or the beginning of 22nd century, annexing Canada, Australia, the UK and some other countries. Back to the smaller picture, DJI has finished its Wave 4 correction of the Wave I of the 7th Wave, 50000 in 2022 or 2023 is a reasonable target for Wave 5 of Wave I. I put the end of Wave I at 2022 or 2023 according to Wave theory, and also the demographic cycle of USA. With the ever diminishing American birth rate and tightening of immigration intake and unfavorable trade conditions and the Artificial Intelligence bubble, Wave II might be some huge crashes in 2023 and 2024. I will elaborate more on this in the next article.
DJ:DJILong
by MarcusAu
Bitcoin: Institutional money is stepping inI heard from very good sources that there were Bitcoin investors within institutions... ... Mental institutions. Technically true. Sorry for this lame joke :'( Stole it from Tr0llyTrollFace Bitcoin investors are more stupid and mentally unhealthy than usual. But not really compared to retail investors if you read from the past, they have always been this stupid and crazy and end up depressed. "Doing the same thing over and over again and expecting different results is the definition of insanity" Therefore, all Bitcoin "believers" are institutional investors.
BITSTAMP:BTCUSDShort
by MrRenev
11
BTC Historical Growth TrendI see people posting charts showing BTC following a horizontal parabolic trend (the curved green line) where the price of Bitcoin reaches a stable valuation several years in the future. I present here an alternate view showing a general growth trend (purple channel) that extends back to the beginning of BTC on Bitstamp and represents 150% growth year-after-year on average. There are moments of exuberance/hype (green channel) where the price skyrockets only to be followed by a crash that brings us back into the channel or below it (red channel). I've based this general growth channel on the steady 2-year growth from early 2015 to mid 2017. Now we are back in the channel, although note that we are on the high side of it. I couldn't tell you whether we go up, down or sideways from here but I think it's important to have an idea of the general growth trend of BTC while we are still in an early adoption period. What happens next depends on whether BTC actually has technical utility such that it reaches widespread adoption and whether investors see it as a store of value, has growth prospects or is just a pipe dream. From my perspective, I see a lot of talented and enthusiastic people putting their time and money on the line to develop the cryptocurrency infrastructure and drive the success and adoption of the world's most significant digital currencies. I include Ethereum and other important altcoins in this mix. There are sure to be more attempts at government regulation as well as more interest from institutional investors and retail trading operations. There are pros and cons of both probabilities. Personally, I'm excited about what is on the horizon and I'm excited to be a part of it.
BITSTAMP:BTCUSDLong
by quickshoe
3
The 2019 Bitcoin bubbleTextbook psychological stages... Check Twitter TradingView Reddit etc. Check comments in my ideas March to June 2019. Baited a few guinea pigs to get that content. I will make a new idea for all time Bitcoin. I was using a "capitulation will come soon", but a new idea will be better. Will release it tomorrow, and link the important Milestones ideas in it. I will make an educational (free) website in the future and this will all go in it. Now entering "Tremble before the might of Bitcoin puny mortal" stage... The skilled ones understand this is a game of probabilities. Could top at 20k, could top at 30k, could top at 99k (0.01% odds), nothing in between (if we get to 50k we will not stop there). But the highest probability one by far will be 13k. Maybe a little under just like 2017 bubble topped at 19700 not 20k.
BITSTAMP:BTCUSD
by MrRenev
22
EURBGP makes history, easy shortEURBGP makes history, easy short I’ve went back to 2000 and looked for any periods of time where the EURGBP has had more than 12 consecutive daily candlesticks where the Open was greater than the Close. Never. In fact, the most I found was 7. So this is a pretty extended move in time. And it’s a straight up parabolic rise as well. This is very much what Gann would have called a ‘blow-off’ move. Almost the entire move has been on lower daily volume (exception being the 21st). The RSI and Composite Index are also at historical highs and showing similar structure in their peaks. This pair is bound for nasty mean reversion trade with at least a 50% retracement.
Short
by itsjustanalysis
11
Bitcoin's Previous Beark Market and it's SimilaritiesWe are about 500 days into the bear market now and I thought it would be fun to record the similarities between the current bear market and the previous one. Below, we may see what the future could look like. To start, we can see the bottom of the previous bear market was almost 87% less than the all time high compared to the current 84% bottom. Both times it took about a year to get there. (Show in the chart above.) Below we see on July 9, 2015 (one year before the bitcoin halving) price had rallied to the 50 week moving average (red line) then subsequently fell by 34%. This was the last low before price rallied to the halving date. Now, keep in mind history will not repeat PERFECTLY . Recently, price rallied to the 50 week moving average on April 23, 2019. This movement is very similar to the previous one albeit a little early if we are considering the "one year before halving" prediction. We also notice that after price bounced off the 50 week moving average it fell down to the 200 week moving average (blue line). I find it very interesting that the 34% decline in both scenarios line up with the 200 week moving average closely. So far, the symmetry is uncanny, to say the least. I feel like, until we see a major deviation in this pattern, we can expect a similar outcome. I am expecting one more drop before we see a significant rally. I will be looking for bullish news leading up to the drop. If the majority of traders are usually on the wrong side of the trade then it would be reasonable to see a lot of talk about bitcoin being in a bull market and that price could go to $X,XXX. The price retraction should catch people by surprise. On the other hand... Some things are different this time around. People are more aware of bitcoin, it's halving, and it's 4 year cycle. As well as the new option for short trades. I'm still trying to decide how these factor in. I am still bullish and I am still expecting a retraction in the near term, but unsure of how great the upside will be. As of now, I am confident price can reach $10k. After the halving next year, I won't be surprised to see price between $30k and $50k, but I am unsure the likelihood of that outcome due to the ability to short sell now and the upcoming economic downturn/ global financial crisis. I am curious about your opinion on this analysis. Please leave a comment about your thoughts on how short selling and the upcoming crash could affect the future of bitcoin. As well as any thoughts on how greater bitcoin awareness will affect it's future price. I can see both sides and am interested in gathering opinions. PM me if you do not won't your comments public, I would still like to hear from you. As always: Not financial advice. Always do your own research.
BITSTAMP:BTCUSD
by AnotherAnalyst
A grand picture on timing in Bitcoin1.618 is our golden number here With the high in December 2017 Bitcoin had just ended it's largest Elliott fractal (big blue wave) which had taken about 7 years plus to form. There is evidence that Bitcoin currently sits in a major correction that is not only correcting the 2017 bull market but the entire 7 years bull market which could possibly extend the bear market significantly. With the help of Fibonacci Time Zones, drawing each of them from the lows to the tops for each impulse wave that completed. All capitulation phases start to align almost magically to the 1.618 number (red marked lines). The question now is to which of the two red lines are we possibly correcting? my personal guess would be to both of them kinda! Please take this with a grain of salt Bitcoin is the most bullish asset in history just by its pure fundamentals alone a global black swan event could always bring the price possibly overnight to the very moon.
BNC:BLX
by ZtCedric
1
Be wary about the Sudden Rise, watch for the minor correctionBTC.... and altcoins Like everything in life - there is only so much good news that gets rewarded immediately before people have second thoughts. My opinion: we are at the beginnings of the bull market - but not committed yet... therefore - I think we are in for some correction for a short period of time. While Hodling is good overall, be wary that you don't just lose your immediate profits for today. I'm happy to take my profits and park it, then I'll reassess in a couple of days time - when Prices have dropped again - then that's when I'll jump back in a better prices and ride it up the profit line again. Just my thoughts... lets just see.
COINBASE:BTCUSD
by davidcummings
SPX long-term observationZooming out and looking at the big picture you can observe some long term trends and similarities. Ever since the world economic crisis at the end of 1920s and beginning of the 1930s you can find a long-term bull market which was regularly interrupted by some short to mid-term bear intervals. Coincidentally a series of two big declines within 7 - 10 years are touching the lower trend line and laying ground for another powerful 30 year bull market. Based on this historic observation you can elaborate on a scenario where the SPX is likely to enter a bear market within the upcoming year(s) until it again hits bottom of the long-term trend line. As I said it is just one possibility and history does not necessarily have to repeat. It tells me at least that now might not the best time to buy into the market. I'll wait for the possible big discount to come. If that won't happen I haven't lost anything, but if it does I can utilised bigger uptrend potentials.
SP:SPX
by AndreasArnold
4