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Technical-analysis

Bitcoin Bullish ProjectionRed lines: resistance levels Green lines: support range Yellow Dashed: Range that I believe will make the bounce / reversal VPVR on the left for better display of resistance / support levels Circled points: Similarities of L shape formations where Bullish Rally followed. Based on the VPVR and the repetition of the circular formations, I make the bullish projection for the price of bitcoin after the end of the bear wave (-15% ~ -20%) from the rejection at $ 48,000.
BITMEX:BTCUSD.PLong
by Gentas_VIP
AUDUSD [Return To Fair Value Area]Good evening, it seems that the AUD is grinding against the Dollar and will inevitably return to the fair value area that it had maintained for some time before the bearish cycle that got cut off early. The reason for this is the increasing uncertainty about the degree in rate hikes for the Dollar, the increasing problem of inflation for the Dollar, and the risk on sentiments churning underneath the hood all of which contribute to the bullish scenario we have been seeing the AUD experience against the dollar. The technicals seem to indicate exhaustion, but in my opinion, this is simply accumulation prior to the big move in my humble opinion. The bulls seem to be holding the break of its prior bullish channel on the upside quite well, as they'd need a quite strong bullish move to establish the AUDUSD within proximity of its past fair value area. Now, this is only speculation and not financial advice... but I personally will be going long on the AUDUSD, will give an update on the outcome of the play. God bless, trade safe.
Long
by ExpandYourMind
$omi buy zoneThesis: Using Elliot wave theory from our 1-5 correction with a trend-based fib from 1-2 we've retraced back down to our 1.618 level. That level is also shown in the past looking at our green box to be a clear area of support. Using a trend line from Jun 2021 if we look at recent price action it lines up with the idea of this being a local bottom. I personally bought $350 @ 0.00285 and will be buying another $350 if we can reclaim support above our resistance line from March 2021.
OLong
by isaiahescobarrr
8 MYTHS ABOUT TECHNICAL ANALYSISThere are many people and many opinions in the market. There are those who criticize technical analysis, calling it superficial and even useless. There are those who consider technical analysis (TA) the holy grail that can bring huge profits. Today we will try to debunk 8 myths about technical analysis. myths 1. TA is for short-term trading or day trading only. Many people think that TA is only suitable for short-term and computer-driven trading, such as day trading and high frequency trades. The history of TA actually goes back long before computers were invented, and many famous and profitable traders use it for long-term trading. Technical analysis is used by traders on all timeframes, from minutes to weeks and months. 2. Only individual traders use technical analysis. In fact, investment banks have dedicated trading teams that use technical analysis. High-frequency trading, which covers a significant portion of the trading volume of stock exchanges, relies heavily on technical concepts. 3. TA has a low success rate. To debunk this myth, all you have to do is read Masters of the Market: Interviews with Top Traders by Jack D. Schwager, which quotes many traders who profit solely from technical analysis. Traders with many years of experience have been making profits using technical analysis for more than a century. 4. Technical analysis is fast and easy. Novice traders open trades based on a simple TA, but this is not enough to be profitable at a distance. Success depends on continued study, practice, good money management and discipline. Technical analysis is just a tool, just one piece of the puzzle. 5. Ready-made technical analysis software can help traders make money easily. There are a lot of advertisements on the Internet that promise to give you a program for a small amount that will do everything for you and bring you profit - in fact, this is a scam. There are programs and indicators that can help you trade, but no program will give you guaranteed profits. 6. Technical indicators can be applied to all markets. Most often, yes, TA can be applied in all markets, but there are exceptions. Different asset classes move in their own way, with their own characteristics, and a trader must be able to adjust his TA for a particular asset. Don't make the mistake of applying technical indicators designed for one asset class to another. 7. Technical analysis can give very accurate price predictions. Beginning traders expect to see 100% accurate signals and accurate profit prices, reversals and so on from TA. This is simply impossible. Most often, TA helps to find the zone where the price can go, where it can reverse from and this is not a specific point, this is a zone and experienced traders understand this. 8. The winning percentage in technical analysis should be higher. If the first trader out of 5 made 4 profitable trades, and the second trader out of 5 made 1, who is more successful? You need to get more information to give an answer, it may be that the first trader earned $ 10 in 4 trades, but at the same time he lost $ 80 in one and then he will be in the red, and the second trader lost $ 40 in 4 trades , while in one transaction he earned $ 100. The right trading structure ensures profitability even with a small number of winners. It is not necessary to have many profitable trades, it is enough that the profit covers losses and something else remains, and sometimes one trade is enough for this. essence Technical analysis is not the holy grail, it will not give you 100% profit. It does not suit everyone and you need to study it before you understand whether it suits you or not. You need to gain enough experience to learn how to use technical analysis correctly. When used correctly, TA can give you a real opportunity for trading success. Good luck!
Education
by DeGRAM
7