Trend lines are used in technical analysis to define an uptrend or downtrend. Traditionally, uptrend lines are made by drawing a straight line through a series of ascending higher troughs (lows). ... With downtrends, trend lines are formed by drawing a straight line through a series of descending lower highs. In an uptrend, the “imaginary line” acts as support...
MATIC, DOT, ADA, ETH, CHAINLINK, XRP, DOGE, AVAX, TRX, SUSHI By request, a quick look at some indicator situations on the alt coins above
For those of you not familiar with Dow Theory. Here's a simple introduction. Nothing technical just a "welcome to" type of educational post. Short History Dow Has 6 Rules - these are known as the 6 Tenets Dow is mostly known (most obvious - the Dow Jones Industrial Average) Other tools and techniques can fit into the Dow Theory, such as Elliott and...
Dot, XRP, Matic, ETH and Bitcoin
I have posted recently on Wyckoff, Elliott cycled, Gann education and covered psychology. The Thing is - as a long time trader, you often see new comers and the assumption is more indicators, more stuff = better results. Take a step back and view this from 30,000 feet. You looking at finding an edge, an edge can be as simple as risk management and positioning...
Another Musk tweet - People pointing fingers and crying. If a tweet is an indicator, then it might be worth choosing another sport. It's scary to see social media posts about "i've lost this, that and the other" Musk - was only a short time ago, the Super Hero . It's funny how that changes when it's not with people agree with. Plain and simple - Risk...
10min BTC update (post technical issues)
As a trader of over 20 years, there has been a lot of trial and error. A lot of learning, it’s still continuing! I wanted to share some interesting pointers with the community; People see charts really look deeper than that. I regard a couple of men in trading terms as the “Greats” Would there be others you consider? Why? Let’s start – the only order is the...
This springs to mind when I watch traders trying to catch the bottom of a move. The issue for me, is that it's structurally moving its corrective move from the ATH. This was a 3 weekly Elliott move. Take a chill and let the market do it's thing. A healthy correction and a new move up will happen. But Elliott (4) moves - especially weekly are here to catch...
Keeping in with the weekly posts on BTC, just a quick view of where we are and what we see at Mayfair
Going back to the 18th of March where we called the Buyers Climax top for Bitcoin's "Wyckoff" Distribution phase. We have had a lot of questions regarding the technique. It's a very difficult one to put into only one post - but to understand Wyckoff methodology you need to first APPRECIATE what Wyckoff is about. History Richard Demille Wyckoff (November 2,...
Our Daily update 10mins on BTC and some other crypto insights.