Please see chart for all text. This is not financial advice, this is a mix of intuition and experience breaking down the movement and chart. As a rule of thumb, trend analysis and chart work is all bullshit, period, end of discussion, no arguments...
Please see chart for all text. This is not financial advice, this is a mix of intuition and experience breaking down the movement and chart. As a rule of thumb, trend analysis and chart work is all bullshit, period, end of discussion, no arguments allowed. In a similar way that the only gods are the ones man makes, the same for these chart patterns....
In this post, I'll be shedding light on a few technical and fundamental factors worthy of taking into account.
For reference, check out my other post from September, where I discussed the importance of Bitcoin breaking the long term descending trend line, and how it should be considered a sign of strength.
Hi Tradingview Family,
Trying to keep this chart simple. I recommend to stay out until we see the market level off.
Shoot me any questions you may have in the comments below or DM me! Feel free to give me a follow or a like :)
Rather interesting coincidence in these two formations don't you think? Perhaps the same market maker algorithm? This is uncanny in its formation familiarity.
I've observed multiple examples of this type of repetitive market behavior, but this is very far the most significance I have discovered.
I'm not certain exactly what to make of it. I'd love to hear what...
Couple days ago I posted my idea of bitcoin re-testing $8600-8400 zone before heading towards 12k.
I'm changing my mind for the time being.. I'll share bunch of thoughts that are going through my mind right now..
What if market wants "orange box shorts" to suffer and liquidate more people?
What if we are going after traders who opened shorts in...
We could see EURNOK roll over towards 9.800 support over the next few weeks.
Looking ahead towards rate releases next month - if ECB chops rates aggressively, the Euro will take some hits.
Holding a short bias for the mid-term.
There is a 70 % Chance that we will see a Parabolic Bull Run like we saw it 2017 within a month - Not even that: This time it will most likely be even more crazy. Its a fact, that already now, we have been going steeper and faster than before.
1. Price Volume Trend Convergence
2. Bullish Volume Record
3. Global Bullish Market Sentiment (has...
Hey everyone - In this video I discuss my difficulties with the market, as well as where I am with my life right now.
Maybe some of you out there can relate to it, or find something insightful about it. The crypto market is very exhausting, as you know. There's a lot going on. Too much, in fact.
I hope you've been able to get the best out of those first days of this new year. We have been witnessing some very interesting things with xrp lately.
Some might say that its just xrp's "own pattern" but i'm not sharing that opinion. In my opinion we witnessed xrp detaching from the "KING" btc.
So what does this mean for xrp?? This means that xrp...
This is my idea of the next bitcoin run.
Enter zones around +/- 1800-2000$.
There will be a lot of FOMO in future as there are a lot of people who lost money. They had FEAR during BEAR market it can go to 0 or whatever and they will join again to neutralize their losses (hopefully ;) ).
BTC will change our financial system, crypto will change the...
Tradingview won't let me post the timeframes I'd like to, so please do check out the 5m for a beautiful picture of the breakout failure @ A and the subsequent recovery + breakout @ B soon after.
Hit me up with any questions.
As the S&P500 approached its all-time high last week, it was met with massive resistance in the form of more EM problems. I strongly believe you do not need to know current news to analyze price action, because they commonly work together. Price has been attempting to get over this ket resistance zone in the past six months, and has not been able to do it. Whether...
SPF has fallen short of reaching its all time high of $510 in 2007 before the financial crisis. Could this be a psychological barrier for traders? The cause of the financial crisis was banks taking on risky assets and appraising them, fraudulently, as safe investments in the form of CDO's. Their mistake could have created the largest psychological barrier in the...