USDJPY is dropping simple because supply exceeded demand and price ultimately followed.
This supply level held for a number of reasons:
1. The supply formation is sideways and considered a drop-base-drop aka CP (continuation pattern)
2. This CP was created at the break of an uptrending trendline.
3. The imbalance created on the way down was significant, long...
Ninjas prepare for battle,
Many DEFI applications are being built on BSC, there is tremendous liquidity pouring in.
The fee's are incredibly cheap to transact compared to ethereum.
We have just removed MANY stop losses and leveraged traders are crying.
And last but not least demand has been hit and new levels are being created on the lower timeframes.
Do NOT use charts if you cannot do what I mention in this post.
If you are unable to spot the dangerous consequences that come with becoming a chartist then do not look at another chart again.
As you continue on your journey to become the best damn technical analyst around, you will fail if you DO NOT see the pitfalls that come with it.
Every time you take a...
Tick tock, the end is nigh.
All good things must come to an end (was it good to begin with?)
We are creating some very strong reversals here and as you have seen from our past calls price action like this can point to a crazy move lower.
This is a long term play, not short term.
A nice place to position yourself would be at this latest daily...
The juicy apple looks to be ready for a nice investment as it drops to the ground in newton fashion.
If you know how well I predicted the last Apple sell off then you know I am not "wet behind the ears" when it comes to trading this successfully.
I've earned my stripes with this stock the hard way.
Tight stop losses at the climax high have just been taken...
I'm always reminded to KISS (Keep it simple stupid) so I added to my long position here.
I will feel comfortable if we drop to 40k, where I will add again.
Remember a lot of tight stop losses just got penetrated so we have tons of liquidity to explode higher into the highs.
We previously slammed into that 50k level and dropped like a rock (like I said would...
Do you remember my last post on ADA?
Can you remember where I said to buy?
This is why demand zones are so important.
I know a lot of you got liquidated when crypto crashed yesterday, that is simply because you were over leveraged and you stupidly traded into that 50k level where I said there would be resistance.
Gain control of your emotions and become a...
If you have been following this channel for some time you know how important this divergence is.
Add the fact that demand is used up, expect it to be removed over the next few weeks.
Volume decreasing, price increasing = Bearish
No new demand being created and previous demand is used up.
Negative fundamental news for the U.S with biden/afghanistan,...
Brand New demand zones have been created after hitting higher timeframe DZ.
Great buy opportunity up to around $50 where we expect THE BIG SHORT.
Short term LONGS. Long term SHORTS.
Summary: New long opportunities created for the next few weeks. Big Short at around the $50 mark.
Will this be the final long before the drop?
I see ADA dropping to previous demand imbalance around 2.2/2.1/2.0 by this time next week.
I then expect a strong buy movement coming in and breaking the highs, fakeout the highs and then dump again.
Also a clear divergence between price and vol. For those that knows my posts will know this divergence.
The plan is working out flawlessly so far, the top, the drop, the bounce.
Here we go...
...are you ready?
The big short is coming, get those final profits as price pumps to 60k.
"I think this just might be my masterpiece" - Tarantino
Join the Ninja Army.
Okay okay let's see here, it's a common mistake yet I see it all the time.
You keep chasing the damn top..
It's so strange and c'mon dont lie you know you have made that mistake in the past (or today).
And yes I'll be honest I have also made this mistake many times in the past but i'm telling you STOP you need to take control of this emotional spasm...
When you are able to observe the patterns that occur at whole numbers (in this case 3k) your trading will gain structure and stability so let me show you how I do it.
"Consequently, these prices act as a psychological line which work well as support and resistance." - DailyFX
It's not your fault when you have taken big losses in the past, you simply may not have...
Aragon is setting up for something BIG.
If you remember (you probably forgot) we called the pump in Aragon at the end of 2020 perfectly.
Now it appears as though we are coiling up for another run but first we must overcome certain "hurdles".
We need to start to break out of this sideways base, peek above the trendline and then we have unlimited upside.
STOP missing out on important trades by setting alerts accordingly.
I have a premium account and you get around 400 alerts (it's alot).
This is more than enough to be alerted when your key levels are hit.
Why is this important?
Well you need to understand how a successfull trader works.
He doesn't sit in front of the screen all day.
He doesn't keep changing...
Having the knowledge on how to trade supply and demand imbalances CORRECTLY will save you so much stress and I'm going to show you how.
Many of our students say the same thing "your supply and demand video is so simple and it's only 30 minutes long", do you know why?
Because I have personally spoken to hundres of students who say the same thing, I did this...
Never rely on luck.
It will fail you again and again.
Commit to a process, totally and completely.
If the process does NOT work you will know after 20 or so trades.
And guess what you need to do then?
Simply find a new strategy, commit to the process for 20 trades until you know you have the one setup that is consistent.
Do you know how I found my...