#TommyLecture #PrincipleofTrading #TheoryofTrading #Emotion #Management
Hello traders from all over the world. This is Tommy.
How were your trades lately? The market was quite unpredictable recently showing high level of fluctuation which makes it harder for us retail traders to follow up. It sort of seems like a sideway trend in a big horizontal box but also...
#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...
Price fluctuates inside yellow triangular formation.
Red general downtrend line acts as a significant resistance.
Breaking above it can be identified as a signal of a further uptrend within the dimmed fib channel. Cross of fibs are the targets of reversal to watch out.
If it breaks below the yellow triangle into Local Demand Area, then a...
#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...
Time to start dusting down our BTC charts...
It's been a few since we've looked at this in great detail, time to dig deeper and pick out some key areas to start monitoring for doing business in
From a waves perspective, despite the retrace, Buyers are in full control with $218,000 now the next target in the crosshairs.
XBTUSD directional bias also has...
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...
Fib channel config of uptrend fractal starting from 2020.
Testing QM principle of uncertainty of (upward and downward) spin of particle and relating it to the condition of the market where nobody can tell if the price goes up or down, thus we have similar setting of uncertainty with fib channels of upward and downward directions. Either way market goes, the price...
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...
Done to test specific angle of uptrend which the fib channel is tuned to.
Also testing how time fibs might separate stages of the cycle.
Time fib settings :
Prebullrun correction (0 - 1)
Reversal (1 - 1.272)
Rapid growth (1.272 - 1.414)
ATH registration period before reversal (1.414 - 1.618)
DATES OF TIME FIBS:
1.414 (14th FEB 2021)
1.618 (31st JUL 2021)
Bitcoin is now showing the shape of the flag pattern
The flag pattern is likely to fall further as it has fallen
The log chart shows that the expected point overlaps with 200sma
The strongest resistance at the moment is around 38000