As Retail traders continue their moon ticket purchasing & placing orders for Lambo's. The institutional players are fighting their own battle, waging war on retail.
Its a story as old as time, trading is a constant fight - one man's loss, is another man's win!
I have recently posted some logic as to the current situation, the time stamps, used every tool in the...
And I don't mean, up every hour crying!
The logic is in the price action, many people are already calling for the moon. It won't be that easy, I can assure you!
If you have followed along with our streams, you would have seen the Weis wave logic and the count as per the Elliott wave day ranges.
Here's the simplified logic...
In all seriousness, Retail are starting to feel unsure of the current situation & for a professional trader, this is by design. So nothing unusual.
I have posted several articles going back from the Rocket call as to why we needed this correction. Press play on the idea, you will see it hit the key level much faster than expected. But the point is the levels...
I have recently recorded a video titled “Fear + Greed = Stupidity”
I would say that lack of patience is the number one problem of traders who have come to me for mentoring or education over the years doing this.
There is a term used in the industry known as the 90-90-90 rule;
90% of traders, lose 90% of their money in 90 days. Just think about that for a...
Richard Ney spoke about think of the market like a warehouse, the owners of the warehouse CM (composite man) needs to fill the building with inventory, they need to sell some as they acquire more - issuing news releases of their grand launch. But their whole objective is to buy at the wholesale rate & sell at retail prices.
Think of this in a simple chronology...
Apple is a simple one here - it's running out of momentum, the volume is ascending lower as the price moving higher. The new high level here will be a monthly 3 in Elliott terms and therefore we can expect a nice correction.
The stochastic agrees - the monthly has a little to go but it's a slow grind up, the weekly stochastic is now in the overbought zone....
To be honest, I have not traded stocks for a long time. I started my trading journey in stocks and quickly moved into US Penny stocks. It was similar to the crypto landscape we see today.
DMG Blockchain Solutions Inc.
DMG Blockchain Solutions Inc. operates as a blockchain and cryptocurrency company. It operates through data centre operations, data analytics...
Here's a quick video view of the Weis Divergence - I have highlighted the up volume & hidden the down volume. For me this is showing a lot of effort and very little result. Actually retail efforts for the price to move lower.
See the COT & Elliott view also inside the video.
This idea does not constitute as financial advice. It is for...
Over the last couple of Months, I have published some educational content here @TradingView and wanted to correlate them into one post as they now cover several pages.
Starting with some of the fundamentals and into more of the advanced topics;
EACH IMAGE IS A LINK TO THE ACTUAL POSTS
Starting with Psychology - one of the most important things to pick up on...
This one is more an ask - what is your take on BTC? Scared of the drop? embracing it? or looking forward to "precious" returning to it's former glory?
Comment your thoughts on it below;
Where is it going? up down, down a little before up?
Let's see what the community sentiment is?!
This idea does...
A typical candle will have an Open, High, Low, Close. You will see these referred to in some text, articles and indicators as O,H,L,C
Below is the structure of both a Bullish (Green) & Bearish (Red) Candle
The cycle shown below, is the action within a candle, think about this – the candle opens at say 100, it dips to 95...
Logging off for the weekend! I wanted to say, have a great weekend!
One question for you - where do you think BTC will be at the close of Sunday (4th of July)???
Up or down? Sideways? What you got?
See our signature for more info & related ideas linked below;
Look at the image here with no text alongside it.
Only a bit of fun - but BTC can be hypnotic for many! See the 3D boxes when you stair and look through the screen for 10 seconds or more!
Just amazing to play around with @TradingView and I thought I would share with our community!
Hope your all having a great week!...
Hope your having a great weekend!
Still bearish here - we put out a few idea posts and the streams recently, still looking very bearish currently and sat on our hands.
Here is some help with volume profiles
If you are new to @TradingView
Or a new trader, there is a pretty useful feature called volume profiles - available with paid membership of Tradingview. This is a quick introduction to and not a full lesson on how to use, strategies or techniques (will post one if there is interest for that).
TradingView's own definition of Volume profile
Volume Profile is...
So although I am a bullish "spectator" here in ETH, it's still having it's fun!
We ran a stream on ETH and it's current situation inside an Elliott cycle.
We are still watching the price before jumping back in and taking the bull by the horns!...
Here’s the basics of a MACD – I will say, I personally don’t use it, but I know it’s a popular indicator amongst newer traders.
What is a MACD?
A fairly straightforward indicator that calculates the difference between two exponential moving averages – of course this can be tweaked and modified but the standard settings seem to be 26 day and a 12 day.
Nothing new or un-expected.
See the weekly move, called back in May - it needed the pullback
This was shared by @Paul_Varcoe around how the DXY effects other instruments; Great educational piece
Step down into the...