#breakout #Candlestick #TA #Tocademy
Hello. This is Tommy.
The lecture material I prepared today is a concept that must be well informed by TA(Technical Analysis) traders, especially in recent market where untraditional patterns, price actions and trends, as we call ‘scam moves’ occur all the time.
I bet you are familiar seeing retail traders or chart analysts...
#Candlestick #CandlePattern #Tocademy #Tutorial
Hello traders from all over the world, this is Tommy =)
I was unexpectedly surprised by many of you who liked and supported my last post about the basic concept of TA(Technical Analysis). Today I prepared a brief lecture about the Candlestick Pattern, one of the most fundamental phenomenon and behaviors that traders...
Hello traders. This is Tommy.
Today, I prepared the most basic and at the same time essential materials that every trader should know. Trading is literally the act of exchanging or trading something with a certain value. If we look at the history, we humans have always traded something within the social community from the Neolithic Age to develop into a better...
Sorry bros, as crypto becomes mainstream each cycle is elongated.
Good news: Bitcoin is back at $30k by the end of this year.
(you sell here if you need to)
Bad news: It will keep coming back to $20k and crab 2024 to 2026.
(take a holiday)
More bad news: After the crab Bitcoin will "die" and dip under $10k.
(holidays over m8, you're going all in)
Hash Ribbon Buy
The Bitcoin Buy signal which occurs about once a year just fired.
Note: The halving is just 2 weeks away. Expect another signal within the next 3 months, like 2012 and 2016.
Historically this means that the next 30 days is a great time to accumulate more Bitcoin.
Are we going to see a similar move like this after a big wick taking out both longs and shorts?
I was going through my analysis and we broke down as predicted in my last two updates and we are getting very close to the 'secret bitcoin buy zone' on the weekly 21 EMA with our RSI resetting to our bull market support.
If you haven't seen my 'secret chart' yet,...
Quick tutorial on how to scale your charts. This was a massive pain in the neck for me for awhile , and I'm sure it has caused many to either not use the Gann method or to use the method incorrectly. Stumbled upon @MagnusTradingGroup post back in the day but made some minor adjustments to their method regarding the rectangle set up. Good luck!
Simply reading breakouts from highest 5D candle bodies.
The breakout needs to close 1% higher than the breakout-level.
Hard stop = Lowest swing in the last 2 bars (5D) (counting the breakout candle)
Trailing stop = 1st Time price crosses DOWN the 1D SAR, and closes.
1st Trade: 03.10.2015
Win-rate : 76%
Avg R:R = 2
Hello my friends!
Still a lot of fear on the street. The Greed and Fear Index has just been at 21. Many Bearish posts are circulating. As you know I am still bullish. For me, the Halving Top has not been reached yet. I understand the last correction as a Main Correction towards a Bullish Accumulation. In 2018 this kind if Main Correction was imo the entry into...
This is a reconfigured version of the market visualization like in previous works.
The purpose of fractal analysis is to identify trend changes that precede market reversal.
The market can go up or down, so the fundamentals change and alternate between positive and negative, which pulls pricing cycles as the market is being in a continuous process of correcting...
Hey team just wanted to do a quick write up on BTC...
We just saw a good breakout from our triangle, with decent volume on the 4H chart. We were expecting this as these kinds of formations will more often than not break to the upside. This is a type of continuation pattern. Usually after a big rally, we will see some consolidation from people taking profits, as...