ChristopherDownie

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TECHNICAL OUTLOOK Overall, we anticipate a short-term bearish market trend for Bitcoin, with a potential bearish bias before a potential upward movement, likely occurring towards the end of 2023. Below, I present the key point of interest, where I would consider initiating long or short trades based on the prevailing market conditions at that time. ...

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We are currently at the point of interest and i am seeking sells but I am waiting for a sell signal from the algo. Overall the market seems bullish but I can see price retracing from this level before going higher. We are trying to catch the retracement. If price does not retrace from the current level in order to take buys I would need to see a break and retest...

ChristopherDownie

Retail trading is the practice of individual investors using their own funds and accounts to purchase and sell financial instruments such as stocks, bonds, currencies, commodities, and derivatives. Retail traders are frequently referred to as DIY investors or self-directed investors. They are different from institutional traders, who work for major institutions...

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USDJPY is currently at a point of interest and I am waiting for either a reaction off the current support for bullish buys or i will wait for a break and retest to the downside For sells I will need the 4H timeframe to shift to a downtrend as well.

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I am expecting a strong reaction off the current price zone, we recently made a swing high and are now in a retracement and I expect price to retest those highs to continue higher. This trade is based on the 1H and 4H timeframe. 4H fib markup : In order to take this trade I am waiting on a buy signal from the indicator or a buy signal and retest of the RSI...

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I am expecting a short from this level back into into the 4H support levels On the 4H we already have break and retest and I am expecting price to drop now Price also has already pulled back into the RSI stops providing more confluence for a short

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It is evident that the price is currently trending within a specific channel and is approaching the lower boundary of this channel. Anticipating a response within this critical area, it is likely that the price will resume an upward trajectory. However, an exact take profit target has yet to be established and will be determined once a price reaction...

ChristopherDownie

TradingView provides a wide array of features, and it can sometimes feel overwhelming to grasp them all. However, one particularly valuable but often overlooked feature on the platform is SPARKS. These specialized watchlists, curated by TradingView, offer an effortless way to monitor and follow specific industries within the market. It is important to note that...

ChristopherDownie

Some rookie traders frequently trade without a stop loss because they think they can avoid being stopped out by market swings or rollover. However, if the market moves against them, this technique could result in severe losses. In this article, we'll cover why trading without a stop loss is a bad idea and how stop losses can be used efficiently or, as an...

ChristopherDownie

What is a white label Broker ? A white label broker is a particular kind of broker that grants access to a trading platform to its customers but actually outsources the platform's management to a different supplier. Typically, the third-party supplier is a bigger, more reputable broker with the hardware and setup necessary to host a trading platform. The...

ChristopherDownie

The stock has recovered from its latest downturn, which saw it go below $200 for the first time since December 2020, which is good news for Tesla stockholders. Tesla stock increased 4.72% for the day and 8.7% for the week as of May 26 when it closed at $193.17. The following variables all contributed to the stock's increase: - An agreement with Ford (F)...

ChristopherDownie

There has been a recent upsurge of CFD prop firms appearing. These prop firms offer traders the opportunity to trade with their capital and earn a percentage of the profits. But are these prop firms better than trading with a broker? And what are the risks and benefits of joining them? In this publication, we will explore these questions and more. 🔹What are...

ChristopherDownie

April 17, 2023: Gold prices rose above $2,000 ahead of the release of inflation data. Gold is considered a safe haven and a hedge against inflation, so higher-than-expected inflation numbers could lead to increased volatility in gold prices. However, if elevated price pressures result in more interest rate hikes, it could reduce the appeal of gold as a...

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Abstract: This publication explores the differences between higher timeframes and lower timeframes in trading and delves into how various factors, such as spread, commissions, and news releases, affect these timeframes. Additionally, the concept of price fractality is discussed, highlighting how both higher and lower timeframes exhibit similar patterns despite...

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Price and Market Performance: Bitcoin's price has been experiencing volatility, with periods of both growth and decline. In Q1, Bitcoin witnessed a solid rebound, gaining 70% and outperforming many large-cap assets. However, since reaching its yearly peak a month ago, Bitcoin has erased about 14% of its value. It is important to note that Bitcoin has managed to...

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Introduction: An important tool in financial analysis, the candlestick chart has a long, illustrious history that dates back several centuries. Candlestick charts, which have their roots in Japan, have developed into a popular way to visualize price changes and market patterns. Lets explore the intriguing history of candlestick charts, with special attention paid...

ChristopherDownie

In the markets, traders and investors frequently search for the optimal software tool that will produce reliable profits over the long term. Many traders believe that in order to get the best and most reliable signals they need to, find the perfect tool would need to include as many indications as feasible. The truth, however, is far different. let's explore this...

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As one of the largest and most complex financial markets in the world, the forex market can be both exciting and daunting for traders. While the potential for high returns is certainly alluring, the market's inherent unpredictability and volatility mean that success is far from guaranteed. To navigate this challenging landscape, many traders turn to trading...