Algo
ALGOUSDT |Coin Review| The bullish pattern will not hold!hello, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌Friends today in our ALGO viola review
📌 There is a bullish triangle on the chart, the price is at the bottom of the pattern, I think if the price breaks the triangle, then we will probably test the trend line support zone, then it will start to grow with renewed vigor.
📌Of course, this is not a quick deal as you would like, but it looks good for the future.
Write your comments what do you think about it👇
HOW-TO : analyze the market with script051 indicatorsYou can find the indicators with the link below
Indicators
If you are in a 50% loss in the current bearish market, you probably did not choose the right point to enter or you got involved in the wrong hope that the price will return soon.
So what should we do to avoid such losses?
You should be familiar with market cycles
2 cycles that you are probably familiar with:
psychology of a market cycle
wyckoff price cycle
The problem with the above cycles is that We cannot easily recognize the phases of the cycle
But look at the cycle below
This cycle is exactly like the Wykoff cycle, only the names have been changed.
"Hidden truth" is named because the real price of a share is only in this phase, and if someone wants to invest, it is better to enter in this price phase, but often everyone loses a large percentage of their capital at this phase, and if the price stay in this phase for a long time, they will probably leave position with a large loss.
"Obvious truth" : In this phase, the direction of the price is easily recognized by traders and investors. The price is most likely moving upwards rapidly and the greed is also increasing.
"Hidden lie" : It is the worst point to enter the market. This is a place where big players leave the market, but it seems to you that the price is going to grow, that's why this name was chosen!
"Obvious lie" : This phase is also easily recognizable, but the greed that has formed during the 2 phases does not allow you to leave the market. The market trend has clearly changed, but you are trading against the direction of the market.
For example, the market is now in the "Hidden truth" phase and good point for investment.
The point that I need to mention is that -ONE LOOK is designed for the crypto market, but due to the general correlation of the markets, you can get good results for other markets as well.
You don't need to identify the phases, the -ONE LOOK will do it for you.
-ONE LOOK tells you where you are in the cycle at any moment with the help of 10 different indicators.
If you enter the market at the right point with the help of -ONE LOOK , I promise you that 50% of your problems will be solved.
Also, this indicator has features such as:
1.Heatmap
2.Screener
You can use it according to your needs.
Let's go to the next step !
Well, you were able to recognize the phases of the cycle and entered at the right point.
But the fact is that cycles are formed in long periods of time (I know the fractal structure market :|)
maybe you need to find the trend in "15m" chart.
" -hero" and " -master cycle" will help you here.
Look at the chart below
These indicators are not magic, you can find the trend with moving average or market structure.
With the difference that these indicators remove fakeout for you that might make you think the trend has changed
We talked about cycles and trends.
Another thing that I can boldly say that everyone uses is the key areas of the market.
If you want to enter a trading position, you are usually looking for how the price reacts to the key areas.
we also get help from these areas for exit and stop points, so obviously it is necessary to be able to find them correctly.
Look at the chart below to see how we found the important price areas using indicators and how the price reacted and how we enter the trading position.
With the help of volume profile and high and low points of daily weekly candles and channel bands, we can find suitable signals.
But one of the key points of the market is the round numbers.
Fortunately, we can find these points with the help of the " -auto round level" indicator
But how can we find the signal and test them properly?
First, let's see how to find good market entry with the -master cycle indicator :
You already learned to find the trend with the master cycle.
You can enter the position in 3 situations:
1.When the flow element changes state.
2.When the score element moves against the flow direction.
3.When the spot element appears
You can also find good signals using -Hero
4 parameters are determined for the -hero indicator, by changing them you can get different signals (definitely, the accuracy and efficiency of each signal is different from each other)
And the last indicator allows you to see at a glance what signal -Hero indicator has send for each symbol and at what time.
You can find the indicators with the link below
Indicators
Algorand (ALGO) - July 31Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ALGOUSDT 1W Chart)
The key is whether it can find support and move higher near 0.3319.
(1D chart)
Primary resistance: 0.3872-0.4478
Secondary resistance: 0.5993-0.6704
Support: 0.3099-0.3319
If it finds support above the HA-High indicator of 0.3414, I would expect it to move higher.
A break below 0.3099 to find resistance is expected to lead to further declines.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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ALGO - Nice level to shortReasons to take short:
⭐️ BTC rose a lot, pullback is needed
⭐️ Slowly squeezing to the level
⭐️ Impulse was too sharp
⭐️ No power to update local high
⭐️ Volume left the coin
⭐️ 40 ATR
⭐️ Under VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Algorand (ALGO) - July 19Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(ALGOUSDT 1W Chart)
It is expected that an upward trend will occur when it breaks above the 0.4253-0.6132 section.
(1D chart)
Primary resistance: 0.3689-0.3872
Secondary resistance: 0.4253
Support: 0.3091-0.3310
The key is whether we can break through the 0.3689-0.3872 section, which is the primary resistance section, upwards.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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Trading Idea - #LindeMy trading idea for #LINDE - Buy/LONG
Target: 292.00 EUR (+6% profit)
Linde PLC produces industrial gases which are afterwards used in various sectors such as the energy sector, steel production, chemical processing, environmental protection or medical therapies.
On 14.07.2022, an unusually large long position appeared in publicly available options trades. It is not clear whether it was an institutional investor or a wealthy private individual. What is clear, however, is that someone knows something positive is going to happen.
Apart from that, Linde has successfully tested the long-term support line this month. A further upward movement would be the consequence. My target is the annual POI around EUR 296.00.
ALGO/USDT Main trendThe main trend in which the uptrend channel was formed. Long-term work from the trend channel. Position trading. The idea is more for understanding where the price is in the primary trend. A cup has formed in the secondary trend in the channel, the price is at its resistance.
Cryptocurrency of 2 groups. XRP group. Al/gor/and.
Coinmarketcap: Algorand.
ALGO/USDT Secondary trend.
ALGORAND - AT RESISTANCEMarket is Green today. is it the 4th of July or Green Monday?
Well, a trader like me (i like to hedge) is constantly looking to hedge.
I am long on BTC and a few altcoins but at the same time short on Algorand at the moment, since i see resistance.
0,3173 could be breached higher. For the time being and until that happens Professor is SHORT on ALGO
One Love,
the FXPROFESSOR
ALGORAND - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
ALGO is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes.
H4: Right Chart
ALGO formed a valid channel in red but it is not ready to go yet. For the bulls to take over, we need a break above the previous high.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, ALGO can still trade lower inside the blue support zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Candles continued.So here I am following on from the previous post, we have moved to the 4H chart, and I have taken a deeper delve into how to filter the candles out to find optimal ones, and look here, all the Bullish engulfing under the moving average... very poor performance, but the Bearish engulfing that is rejecting the moving average, remember previous post we talked about what price is attempting on pullbacks to the moving average? also has an orderblock rejecting as the moving average is down, remember what that tells us?? I will post the links to them under this post so you can go back over it. The Bollinger band squeezed just before aswell before the expansion. What to take away... Patience and optimisation! make the rules to your system click! do not react to every candle, find where price has action!
CandlesPrice action is a very good way to trade, it produces clean and clear charts, but the clue is in the name... 'Price action' if I made a bot to literally enter every single time a bullish or bearish engulfing appeared Id be broke very fast! this is because these candles by themselves are not as a effective as when used in conjunction with trendlines, moving averages, and supply and demand zones. So remember if using candle analysis be sure to use it with other confirmations to find the best trades... I personally recommend a Volume profile! this is a great tool designed to show orders... Dont you agree that using 'Price' action on areas where price is transacting makes sense? Volume profile measures the orders, and the candles tell you the action. Just a quick and simple post to make you think!