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Bitcoin. (BTC) Reversal PlotHey, so in this chart I decided to forecast the pivot where the correction ends and another wave starts. I decided to plot resistance, support then choose (in my opinion) the three most likely routes price may take, then choose one as the most probable. NO GO Prediction 1 (Green): Although possible, this path is unlikely due to a lack of trend support and a confirmation with the 200 day MA NO GO Prediction 2 (Red): In my opinion, this is has a higher probability of truth than prediction 1. This is because it eventually catches trend support, but breaks initial support and the 200 day MA GO Prediction 3 (Blue): In my opinion the trajectory of this prediction is will end up holding more truth than the previous three. It catches initial support, catches the 200 day ma and also flows with the greater trends.
BITSTAMP:BTCUSDLong
by Augustus_Lee7
2
BTC: The Most Important Plot Point For The Coming WeeksSo BTC has finally blown through the 6.8K resistance with some nice volume. Now, thinking ahead, it seems to me that 7.7K will be the most important plot point in the coming weeks. RSI is strong, Stoch allows for growth, MACD is ready for a bullish cross. Most importantly (to me) is that the ichimoku cloud is giving 2/3 bullish signals. Just waiting on a close above the kumo, which happens to align with the key resistance level I talked about. If we break this resistance we'll likely gain momentum to get up towards 10K. If not I think we will test 6.8K as support for a while. Exciting weeks ahead. All eyes on BTC.
by Brisben
3
Intensified plot twist directed by BitcoinSo bitcoin finally reached it's bottom around 7300k USD for now. The reversal it did was pretty dramatic with the uprising long green candle then followed with fragile steps of the hesitate candles toward resistance trendline (red stripe). Previously I only awared of the bull trap resistance (red stripe) as my confirmation to reversal signal by forming higher high. BOOM! few hours ago, it through the purple stripe and red stripe. Just when it's gonna be a heroic bearish ending. Bitcoin slip away immediately and got dragged again by the bear as I'm writing this. EMA7 & EMA21 had formed golden cross which is sign of rally trend. Bitcoin also still slightly above EMA7. For now, we may just have to ate popcorn anxiously and wait for this intensified plot twist ends. If the following candle closes below EMA21, it'll gonna be a hell damn thriller ride. If it's succeed closes above resistance trendline again, well bitcoin gonna be heading to next target at 9.800k
by bluebeach2010
newbie: are this support/resistance plot lines accurate?ok, so i am a newbie to crypto trading and watched a youtube video on support/resistance plot lines. i found this idea really helpful as my first venture into understanding market movements and how previous performance often dictates buy/sell points. I've marked out a few floor/ceiling points in the recent rise of bitcoin. are these marked out somewhat correctly? (ignore the diagonal lines, i had trouble using this tool, and there may be a few random lines). I'm trying to figure out the ceiling for bitcoin and it seems the last few days bitcoin has been testing the ceiling of $5500 australian dollars a few times. also i'm trying to get myself ready for a potential dip in the bitcoin market due to segwit2x. i read that goldman sachs and a few others orgs have predicted a possible dip to the $2000usd range or there abouts which seems to coincide with the very bottom resistance line which pairs up with a more consistent longer term stable sideways run that bitcoin had? Are these resistance/support lines correct? also are there any other free programs i can use to get myself familiar with the basics before i go and spend on monthly access fees?
COINBASE:BTCUSD
by tomasfb
Papal Visits to the US: 1979-2015 Plotted -2 tops nailed, 5 notUsing data from the US Catholic Church website www.usccb.org I have plotted YELLOW ARROWS over the month of the Papal visits. Other websites have pointed out that the Pope has visited the US only at important stock market tops, but you can see here that although the timing of the September 1987 peak and the April 2008 peak in the stock market are astounding, the other 5 are merely random. Beware of interesting factoids, but fact-check them here with TradingView charts. Tim
DJ:DJI
by timwest
5
oil open range breakout long signal plottedOil open range breakout long signal has now been plotted This trade example is for educational purposes to show users of the MicroTrends indicators sample trades. And i am calling early and (perhaps not on the best day) to show what it looks like as you go into a trade... win or lose... that is irrelevant, this is about learning the systematic approach of entry, stop, target, exit.... After a big day yesterday --- we may just sit here going sideways....so we wouldn't want to be trading that ideally.. however this might change shortly... Please see related post for how it looks pre trade... so the point is you got loads of time to assess and plan if your will take a trade long or short... and combine some other nuance, news or factor with it... So as for trade accuracy i am not interested... in this post and is not the purpose... What we are interested in is how to trade it What a win looks like, what a loser looks like... how to combine timing and fundamentals or price analysis to improve the win ratio... So you could do this on this trade... For Example Entry above 99.65 Stop 99 .40 Short Target 1 99.87 trail stop to 99.55 Target 2 : f50% 110.24 -trail stop to f23% - 10 ticks the trail each grid.... so at F76% you are under f50% with the stop Exits For exits you could do something like - above f50% if you reverse back below exit 1 bracket or all position So first thing is learn this: On a signal: Allow 3 to 4 per day… - chose your session etc Entry, Stop, Target and Exits + later nuances and results optimisation and you will be able to formulate a trade plan… These indicators are available in Charts > Indicators > Market Place Add-ons > MicroTrends more details of the indicators can be found here: www.indicatorfactory.com
FX:USOILLong
by microtrends
1
I gave up on Trading EUR/USD, Here is whyToday I was about to violate my trading plan because of being unable to recognize when I didn't understand what price action was doing. My trading plan stipulates that I can only trade when Higher timeframes (1D, 1W, 1M) are in alignment with lower timeframes (H4, H1, M15) If they're not in alignment, my strategy doesn't work. I have no way of predicting price movements and knowing I'll most probably be right. Today this alignment was not present, yet, because I subconsciously wanted my market analysis to be right, I failed to acknowledge this misalignment and tried to come up with trade ideas. Price action kept on invalidating my trade ideas as I prepared them, and I found myself looking for new ideas. "Since this entry scenario is now invalidated, maybe price will do this instead and I will look to enter after this scenario is confirmed" "This scenario failed, instead of looking to buy EUR/USD today, I might look to sell instead after price rejects this level" "Since price failed to reject this level, maybe it will reject this other level and I will look to sell there" You get the point. I was unable to make strong cases, my cases kept on being invalidated and I kept coming up with new ones on the go! Sort of chasing a rabbit. Don't do this. For example, understanding when a 1H bearish trend is a Daily timeframe pullback from a Bullish trend and having an expected level where that 1h trend and Daily pullback is likely to find support and reverse, continuing the main trend. This stops me from entering long trades and losing because although the Daily timeframe is bullish the lower timeframes are still trending bearish which indicate the pullback is not yet finished. or from taking 1H short trades past the daily pullback target just because I saw a 1H bearish trend, failing to realize that trend might be reaching its end. If However price pulls back past my target level, and the lower timeframe trend continues pulling back even though the Higher timeframe is supposedly bullish, then If I don't have a logical pull back target — I am effectively neutral. In other words, I do not understand what price is doing at that point in time. It's time to step back and wait for a new development that I can understand occurs. What happens when I am either overconfident or eager to trade is that I can get into my own head and fail to realize I'm in unknown territory. This failure led me to keep trying to establish trade scenarios that of course kept getting invalidated because I do not know how to make prediction in such market conditions — My timeframes were not aligned. I was able to realize this and adjust my behavior. However, what often happens is you fail to realize this, you come up with a trade idea, and you take the trade and it ends up being a loss — Caught up on the wrong side of the market. Or even worse, 2 or 3 trades work out, and the trader believes their strategy is good. Then get caught in a 10% drawdown because of acting on the same patterns. My point is, that it's important to be able to recognize when market conditions fall outside the scope of your strategy and its edge — Recognize when the market is in a cycle where you don't understand how to trade profitably — and be able to sit out and say I don't know. Don't try to find trends in the middle of price ranges. The number one job of a trader is to Protect Capital in order to have available capital to allocate to profitable market opportunities. Trading outside the scope of your strategy and its edge is failing to protect the capital — It's like trying to Play Soccer with a Basketball, the shots, the passes, the tricks might work here and there, but will usually come out faulty. In my specific case, I began the week with a bullish view for EUR/USD from the daily timeframe, but the lower timeframes, where I execute and manage trades, have been in a bullish trend since Monday NY Session, So since I couldn't find long opportunities, I started looking for short opportunities, even though I had no clear rationale that aligned with the higher timeframes. My scenarios and ideas kept failing, and I kept coming up with new ones, until I became aware of the pattern due to writing down my analysis and process and realizing I actually did not understand the current stage of price action. That's where the importance of a well-documented trading plan alongside a journal for analysis comes in. A journal isn't just to record trades. It's also to develop your rationale and ensure you can clearly explain the why behind your actions which can then be cross-examined with the trading plan. I have established clear rules for when to stay out of the market and sit on my hands. If timeframes are not aligned and moving in synch, I stay out — It's a non-negotiable. Of course this is specific to each strategy, but every strategy must have an underlying trading plan with its non negotiables.
by Plothus
March 28th 2022 EURUSD NY Session AnalysisHi there, My bias for EURUSD today is neutral. I will assess the price if it reaches the 1.09500 area or near numbers. If the price loses downward bearish momentum/ranges and changes trends on the 1-Minute timeframe, I will look for long entry opportunities. If the price keeps pushing down and breaks below the area, I will re-analyze price for possible short opportunities. Price could also not retest the 1.09500 area and move up to 1.10050, in which case I will assess the price action on the 15-minute chart to determine whether there is bullish or bearish intention. Pay attention to 1.09500 and 1.10050 as those are key areas. One of them is highly likely to be tested if not both. For now we sit back and let price show it's hand.
by Plothus
EUR/USD NY Session Analysis - March 24thHi guys! For today my expectations are really simple: - Tap on the 1.09700 - 1.09660 region and a reversal to the upside (15 Minute Timeframe) - I expect to take a long trade from around that region - This is a continuation of yesterday's expectation which you may find attached to this idea. - However, the price may be losing bullish strength and instead break the above-mentioned region and move to the downside. It's a possibility. - I will wait for the tap of the region and see if we get any 1 Minute timeframe reversals to the upside. - If I see 1 minute bullish confirmation I will look for entries from this region - If the region is broken on the 15-minute chart, I will reassess. I will keep you posted. Feel free to share your outlooks.
by Plothus
March 23 EUR/USD Analysis- Price is still in a similar situation as yesterday - March 23 on the 4 Hour Timeframe. - I still maintain the bias that 1.09700 - 1.09600 is a strong area for price to reverse. - On the 15-minute timeframe, I expect the price to move to the 1.10000 - 1.10040 area range and move down to the above-mentioned strong area of 1.09700 - 1.09600. - An alternative expectation would be to see the price go directly to the 1.09700 - 1.09600 area and reverse towards the upside. - These are my expected moves for today. However, I'll sit back and let the price show its intentions, as these are just predictions and price may change intentions at any point. Let's be flexible and adaptable and react to price signals instead of trying to guess the next move. Nonetheless, Be Prepared!
by Plothus
5
March 22 EURUSD - NY Session Open- As predicted in yesterday's analysis (March 21, 2022) that price could've gone and retested the 1.10000 - 1.09500 region before reversing to the upside. Price did exactly that (See yesterday's prediction linked to this idea.) Now, what can we expect for today? Let's see! 4H Hour Timeframe: - Price tapped the 1.10000 - 1.09500 region and is now moving up - It is currently touching an inside bar (which has the possibility of acting as resistance) so we must monitor how price reacts to it: - If we break the inside bar region we have bullish confirmation - If we make a fresh H4 low below 1.09600, we now have a 4 Hour bearish order flow. 15 Minute Timeframe: I'm neutral. - Price is currently on an uptrend - We have broken a small resistance line on the left that had formed a double top - As previously mentioned we are testing the 4 Hour inside bar area, so it's ideal to wait and let price unfold and show its hand - It could keep pushing up; pull back before pushing up or completely reverse to the downside - If it pulls down, I'm looking at 1.1000 or 1.09700 as potential areas for reversals (ideal to look for long trades) 1.09700 - 1.09600 is a strong area! For now, I'm going to let price action develop and show something more clear. The main order flow and the trend is bullish and that's my bias but we can always reverse. Let's read, understand, and react to price action instead of trying to guess and predict I will share more updates as they develop
by Plothus
1