The last setup failed, but will the reversal happen this time?
A pattern of double top appears close to a price in which several factors of the price structure converge: 0.618 fibo, the round level of 1.4 and the average high tf, which does not really converge but is present in the area.
his is one of my setups that tends to work.
The idea of trading is to a greater extent to make money, therefore the hit ratio is not as important as that the benefits exceed the long-term losses.
For this asymmetric relationship between risk and reward, you have to take into account high timeframes and make precise entries from lower timeframes.
It can be...
Volume is one of those indicators that remain as part of the standard palette of essential indicators (if there is such a thing), and yet, from intermediaries, brokers and exchanges, they teach you how to use it incorrectly. . Ultimately, as with most misconceptions, it is perpetuated by group mentality and dogma, and makes traders who use them fail. However, it...
Those traders who argue that you should practice with virtual money until you see that you win, ignore the most important aspect, and I repeat, most important of trading, which is the mental.
There is no use for you to earn fake money if then you get so nervous when you risk your money that you end up losing it.
There is a click, a change at the subconscious...
My prediction for next week:
First, the tax incentives for selling that exist today will be gone. Second, many Wall St. people who are on vacation today will be back at work. Third, Financial media narrative seems to be pumping the idea that 2021 will be fantastic for stocks (and I've learned never to fight the narrative even if I disagree). Fourth, dollar...
What can I say?
In my 11 years of experience, I have never seen a similar price behavior, which leads me to think that we are experiencing a financial paradigm shift.
Some believe that the price, being so deviated from its average, can reverse at any time, and I agree. The question is: when?
In this scenario, timing is essential, and although my analyzes at the...
My philosophy is based on simplification.
I believe that reducing a problem to its fundamental parts helps us to better interact with them, and by being fundamental, our results are maximized.
It's like fixing a room. It is no use spreading our attention to details such as the type of lamps while neglecting the underlying problem, which can be a large coat of...
You can check the full analysis in the related video.
The price of bitcoin is near an important level (30,000).
My plan of action is to wait for a fall to the supports drawn and after some bullish signal, buy.
Likewise, if it breaks 30,000, it would wait for a price deceleration until the breakout and the appearance of a bullish signal to go long.
We closed the signal on the 29th with profit.
Congratulations to all those who saw the signal on time and I hope you enjoy part of the benefits on this last day of the year.
It has not been the best year for anyone, except for pharmaceutical companies and large retail corporations.
Nor will 2021 be better. We are in a global social restructuring, called "the...
The bullish signals continue to be confirmed after the appearance of this last hammer pattern (a), added to the decreasing volatility, which results in the triangle pattern.
The setup consists of waiting for the triangle to break bullish in the next few days, waiting for a pullback and buying at the first signs of change after the pullback.