Hello, everyone. Today, I’m excited to share the second part of my educational series on chart patterns. In this post, we’ll be focusing on the 'Head and Shoulders' and 'Inverse Head and Shoulders' patterns. For those who missed the first part, you can catch up here: ↓↓↓ As always, I’ve kept the explanations simple and beginner-friendly. I hope this guide...
The bitcoin halving, which occurs every four years, is encoded into Bitcoin itself. Its purpose is to cut in half the amount of Bitcoin that is rewarded for every block that is mined, meaning you must double the processing power every four years to mine the same amount of Bitcoin. (A block reward refers to the number of bitcoins you get if you successfully mine a...
This chart is for intermediate DWEB users for learning purposes and or for followers to use for trading this local price action. If trends fail look for the next trends and levels for confluence against a system you already trust. Trends are #1 and levels are #2. Trade this chart with more trust as the price respects the lines and or this chart aligns with...
Beginners diving into the dynamic world of cryptocurrency trading often find themselves influenced heavily by news. Eager to anticipate trends and, obviously, earn big, they hang on to every piece of information. Here’s the twist: trading based on news, more often than not, ends in heartbreak and empty pockets. 📉 But what’s the reason? 🔑 KEY QUESTIONS: How can...
Here's an example of a pitchfork drawn on the 2 weekly BNC:BLX chart, measured from the March 2020 low to the Nov 2021 high and completed at the Nov 2022 low, and then extended in direction and levels (up to 9 levels can be added). The chart above makes for a solid example of how pitchforks can be used to derive a trend or channel and find solid support and...
I'll be watching just these line to understand that market structure is broken and new bull is here (+examples) 1. Orange - break and retest for bull 2. White - for bear break and retest 2 times, 3rd one just break down 3. Blue - waiting for break and retest of 1st and 2nd lines for bull
USDT (Tether) vs USDC (Circle) reserves☝️ USDT seems to be more diversified then USDC, as they’ve split their reserves into 7 different asset classes. Compared to USDC who are only diversified into 3. USDT has a healthy 4% of their reserves in Gold, which is up 8% year to date SO FAR. They’re more likely to survive a liquidation process, compared to USDT when...
Trading has this stigma attached to it, everyone thinks they can come and make their millions. The reality is, 90% of new traders lose 90% of their funds in 90 days. I've talked for years about the negative side of trading (trust me, I've done this over 20 years) Trading is often perceived as a wonderful, fabulous lifestyle. Cars, yachts, jets and women!...
Law #1 All markets are inherently Fractal. Markets have many patterns. Fractals are similar in different instruments, different timeframes, and even in different time periods. Whether you look at a monthly chart or a 1-minute chart, the same principles and patterns work everywhere. If you remove the ticker or symbol of an asset and the time frame from the chart,...
I've been using Tradingview for just over 8 years now. When I initially started using it I was transitioning from using Footprint tools. I would use techniques that in essence allowed you to see inside a candle. Coupled with techniques such as "DOM" Depth of Market and Cumulative Delta. After a while you get to see some of this stuff without the need of...
Here's a step-by-step strategy for using the 15-minute BTCUSD chart: Step 1: Set up your chart with the chosen indicators 1. Add the 50-period (blue) and 200-period (red) Exponential Moving Averages (EMA) to the Bitcoin price chart. 2. Add Bollinger Bands with a 20-period moving average (green) and 2 standard deviations. 3. Add a volume chart below the price...
The Exponential Moving Average (EMA) is a popular technical indicator used by traders to identify trends and make informed trading decisions. In this TradingView idea, we will discuss how to use the EMA in your technical analysis. Step 1: Understanding the EMA The EMA is a type of moving average that gives greater weight to more recent prices, making it more...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- As the coin market goes through rising and falling markets, many themes are being created. These themes are expanding the interconnected coin ecosystem under the name of ecosystem. Therefore,...
Here we have the BTC historical Volatility Index in blue. Orange is the price of BTC. The teal line is the 50sma for volatility. At the bottom, I have the correlation coefficient (CC) for the volatility index with BTC. I have marked in green when the CC reaches above 0.50, and red when it crosses below -0.50. The fibonacci retracement is fairly arbitrary, but...
● October 31, 2008, Nakamoto Satoshi, known as the developer of Bitcoin, published a paper called Bitcoin: P2P Electronic Money System on the Internet. ● January 3, 2009, the first open-source Bitcoin client was created. Satoshi Nakamoto obtained 50 BTC through the first mining. This is commonly referred to as the Genesis Block ● May 22, 2010, Rogramer Laszlo...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I find BTC chart interesting as it is forming a textbook Descending Triangle, so I thought it would be a practical example to highlight it now. 📌 First, let's start with the definition of a Descending Triangle: 🗒 What is a Descending Triangle? A descending triangle is a...
Here is a quick crash course on how I use the RSI along with Elliott Waves. - Using the 20, 30, 40, 60, 70, 80 levels within the context of the trend to spot entries - How to spot uptrends and downtrends with support and resistance - How to spot big 3rd wave moves - Using divergences to spot the end of a trend This can be used on any time-frame but I just use...
Let’s start with a very simple description of Bitcoin…. Bitcoin is a decentralized digital currency, based on an open-source software design, that is used to transmit value between pseudonymous users. All transactions, after being confirmed by miners using PoW as the consensus mechanism, are stored on a distributed ledger, called a blockchain. Changes to the...