My method and key metrics I check before entering a trade or even getting too technical with the chart. You know: Why would we set ourselves up for failure?
I thought I'd share this with my friends, and why not make it public too.
General coin info.
Does the project have a whitepaper and exposed team?
Is the developer still involved?
Is the team...
Only for Educational Purposes: Don't you think that trade platforms are making unviable the cryptocurrencies that are being traded there? Numbers and Graphics with Stats and projections are made based on the numbers provided by those platforms but there is no way to verify. What if someone is manipulating those numbers for a selected group of people who's have an...
For more information read the 'Fake-breakouts-everywhere' idea below
We can see the channel is broken on the uptrend which creates an explosive breakout. What we need to remember is that Bitcoin price movements affects everything and as a result when BTC/USD bounced off its resistance (upper channel wall seen in my first channel example - link below) the BCH/USD...
For more information read the 'Fake-breakouts-everywhere' idea below
The first 2 peaks (teal arrows) define the channel direction. The third time the price hit it - it bounced straight away. This created downward price movements on ETH and BCH and probably many others.
$ICX was supposed to make a bounce off the retracement lines but ended up far lower. Let's examine what happened and what I or any day trader should have done and seen.
What went wrong:
First off, we have the triple top formation highlighted in red boxes. This is an indication to look out for bearish reversal, and to find the trough of the triple top and...
This is the spread between the S&P 500 and the MSCI Emerging Market Index. Notice how the trend has switched in favour of being overweight EM, underweight US. The change occurred as inflation and GDP were upgraded in EM countries, causing the USD to fall against other currencies in 2017, as capital begins to flow out of the US in search of higher yields. The...
After the announcements of devcon3, the major force driving RLCUSD is bitcoin segwit2x. It's obviously anti-correlating.
The importance of flux into RLC: www.coingecko.com
For an ICO to give you a positive ROI, history shows that an average time frame of 6-9 months is needed before the market starts to move into markup phase.
This time frame is shortened as the bull market gets closer to the end, as time frames compress, and price action accelerates. Furthermore, towards the end of the bull market, the returns in % become much...
How to Trade the News
We see lots of new traders in the chat here on Trading View making poor decisions around news based trading. Yes, catching a big move can be profitable, but it is a gamble and one that we as money managers should not be willing to take.
Ask yourself this, if you had $1m of client money at stake, would you bet on the direction of a short...
North Korea fired rockets over Japan!
Well, while this fuels short-term immediate reactions, as seen on chart, within the same day, the market has reached the conclusion at a point in time, that sum of all "forces" in the world are unchanged after the fact of the missile since price came back to the initial starting point.
This is a prime example how news...
Simply notice the 'inflation adjusted declines' of 1974 and 1982 and the overall 1970-1982 correction and compare them to the 2002 and 2007 decline from 2000-2009 and see what happened after.
After two massive 50%+ declines, there doesn't "NEED" to be another massive wipeout for a long time. Investors do repeat patterns, so if they continue to repeat this...
This graphic of Classic Bubble Pattern, it happen on :
1. Oil 2008,
2. Nasdaq in 2000,
3. Chinese Shanghai index in 2007,
4. Cotton in 2011,
5. Waiting list
And in every bubble ended the same way: "they all came back down sharply"
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis, and historical...
Jobless claims indicator has been a reliable indicator of recessions. By examining a historical chart that goes back to 1960s we see a similar pattern in the behavior of claims and recessions.
Every single recession the U.S. encountered in the underlying period was preceded by a rise in jobless claims. The chart above draws the quarterly jobless claims. The...
