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🧱 Fundamental analysis 🧱 Hello, guys.🙌🏻 Today I wanna talk with you about fundamental analysis.💪🏻💪🏻💪🏻 🧐I think, that many of you heard about it, but did you have use it? Write me in the comments✍🏻✍🏻✍🏻 Fundamental Analysis (FA) studies the fundamental foundations of a country's development of political, economic and financial credit policy. In general, fundamental analysis identifies four groups of factors that directly affect the market: 👉🏻economic 👉🏻political 👉🏻rumors and expectations 👉🏻Force Majeure There is an opinion that market movements are determined by fundamental factors, and technical analysis allows you to search for entry points. For a rational distribution of your efforts and the most efficient use of time and opportunities, you need to clearly understand the fundamental analysis mechanism, and also know when and where you can expect the beginning of movement, the time of trading sessions, reduced activity, and even lunch breaks at the world's leading exchanges. You need to pay attention to the time of the release of the main economic indicators of leading countries, such important events as the performances of significant figures of the financial market, such as, for example, the head of the US Federal Reserve, the heads of the Central Bank of leading countries, etc. However, one should not pay excessive attention to this, and think that upon learning any news (unless, of course, this news is of any catastrophic or global nature, such as, for example, the outbreak of war, the terrorist attack of September 11, etc. .), you can get ahead of the market and quickly make the right bets. No matter how sophisticated the software and access to the news feeds you have, it is doubtful that even through the Internet you can have faster and more reliable information than that which the large forex market players possess. And even more so, it is unlikely that you are able to possess insider information. Therefore - ANY NEWS that you have learned through the Internet, Surely the MARKET ALREADY KNOWS. Therefore, your task remains the same: to follow the market, and not try to get ahead of it. Moreover, it very often happens that the market’s assessment of any news is both belated and inadequate, and directly opposite to what one would expect. For successful trading, you must: 💥analyze the reasons for the rise / fall of a financial instrument 💥analyze the depth of these reasons as a factor in influencing the trend of a financial instrument In order not to waste time, analyze only the most important events. I hope my post has become useful to you.😉😉 Stay with me💋💋💋 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
7
Why Price patterns work. Price patterns are patterns that were made by price based on the relationship between time and the movement of price on a price chart. They could be based on a single bar or candlestick, two or more, or even several bars or candlesticks. For now, I would be using just bars. They could be just for one session based on the timeframe or several sessions or days. The charts below illustrate some bars Single bars Multiple bars Some of the reasons why price patterns work are: 1. Prices are determined solely by people’s changing attitudes towards the emerging fundamentals. That means, prices are determined by psychology. Garfield Drew is quoted as saying that: “Stocks don’t sell for what they worth, but for what people think they are worth.” One recent example of people’s changing attitude is the recent selloff in gold that was experienced at the heart of the Covid-19 pandemic. People thought gold being a safe haven could rise rapidly in prices, but for two weeks between March 9 and March 19, the price of gold fell by 14%. 2. Market prices are not random events. People’s changing attitudes towards the value of an asset moves in trends and trends tend to perpetuate. An uptrend is expected to keep going up until the market psychology changes and the same for a downtrend. The shifts in these attitudes are usually captured by price patterns. GBPUSD chart below showing how a shift in trend due to market sentiment is captured by the 123 pattern and trendline very perfectly. A huge rally ensued. Notes on my observations: 1. Price patterns should not be used in isolation. When I trade price pattern I use confluence of the price pattern with support and resistance levels such as horizontal support and resistance, diagonal support and resistance from trendlines, and Fibonacci levels. 2. Also, you should take note of the underlying psychology that gave rise to the development of the price pattern. I generally trade pullbacks and reversal patterns because these give price actions that conform with the underlying psychology of the market in trends.
Education
by Emekadavid
HOW TO TRADE MARKET STRUCTURE HOW TO TRADE MARKET STRUCTURE 1) WE CAN SEE THAT USDCAD HAS BEEN IN AN UPTREND MAKING HIGHER HIGHS & HIGH LOWS. THIS IS DISPLAYED WITH THE A-B-C-D MOVEMENTS 2) AT 'C' WE REACHED A KEY RESISTANCE ZONE AT 1.42500 RESULTING IN THE NEXT PHASE OF THE UPTREND TO CREATE A NEW HIGHER LOW AT D 3) AT 'D' USDCAD BEGINS THE NEXT PHASE OF OVERALL UPTREND AND ATTEMPTS TO MAKE A NEW HIGH. HOWEVER THIS UPWARD MOVE FAILS AS WE FAIL TO BREAK ABOVE 'C' & INSTEAD END WITH THE MOVE TO 'E', SIGNALLING A POTENTIAL END TO THE UPTREND 4) THE NEXT MOVE FROM 'E-F' CREATES A NEW SUPPORT LEVEL AT OUR PREVIOUS LOWER HIGH 'D' (1.41142) ZONE 5) THE NEXT MOVE FROM F-G IS AN ATTEMPT FROM BUYERS AT THE SUPPORT LEVEL CREATED FROM E-F (1.41142) TO TRY AND CONTINUE THE UPTREND HOWEVER 'G' NOW CREATES A LOWER HIGH 6) FROM G-H WE CAN SEE PRICE IS MAKING A THIRD TEST OF THE SUPPORT LEVEL AT (1.41142). A FAILURE OF THE SUPPORT LEVEL HOLDING GIVES US A GOOD ENTRY POINT TO ENTER A SELL POSITION WITH OUR PROFIT TARGET OF 105 POINTS AT 'H' (1.40000)
Education
by ezinvesting
GET READY: A big fortnight ahead!This is an educational post - compliant with the house rules on text-based contributions - showing some of the tension between monetary policy taken by the FED and real world fiscal issues at deeper levels. Click and drag chart if all text does not show. Thanks. The tension has caused whipsaws in the US Dollar, and price of Gold. The IMF has declared a global recession and several countries have gone into recession. Reputable opinion out there is that the world is heading for an economic depression based on a 50 to 75 year cycle, which is coinciding with a 10 year recessionary cycle. I have no doubt that central banks around the world will have limited success in propping up economies. I'm more concerned for the longer term view. Last week extreme volatility took a break compared to the previous week. The next 2 weeks could see a return of volatility to indices and forex markets. Stay safe, fellow traders.
FOREXCOM:US30Education
by Captain_Walker
3
Fundamental Case Study -Interest rate cut, boost of inflation.Fundamentals can be hard to trade and are almost always of no logical predictable direction. So how can we trade fundamental news and events? This question can be answered in many ways. However, we want to put an accent now on high impact fundamental events that are impacting an economy in the longer term, and not daily data releases/news which create almost none volatility for our interest. Each and every year there are few such events, some creating huge movements in one day/on the opening, others creating strong bullish/bearish trends in the longer term. These events can be categorized in wars, attacks, pandemics, bankruptcy, federal banks drastic decisions, and more. In this case study, we will analyze the FED's data releases due to the latest COVID-19 threats. On Tuesday, 03 March 2020 The FOMC cut the federal funds rate by 0.50% to a target range of 1.00% to 1.25% at an unscheduled emergency meeting. This measure was taken due to the pandemic disturbance of the markets: "The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1‑1/4 percent. The Committee is closely monitoring developments and their implications for the economic outlook and will use its tools and act as appropriate to support the economy ..." - Federal Reserve issues FOMC statement, 5:00 PM - Mar 3, 2020 What does this mean? And how can traders benefit from this fundamental impact factor? The Federal Funds rate is the Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight, and is scheduled 8 times per year. Usually cutting or increasing the interest rate happens over a longer period of time, by 25 basis points at once. These short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future. By adjusting the right interest rates, with the purpose of economic growth, the FED keeps it's inflation targets through short periods of time. Because the FOMC cut the federal funds rate, at an unscheduled emergency meeting by 50 basis points, it surprised the market and it reacted appropriately. This means drastically devaluation of the US Dollar on the short term. And Market Makers acted accordingly, selling the US Dollar. We can see on the charts a few trades we took after the data releases. In this case study, you can also see how it impacts the overall economy, creating movements on more instrument categories. GOLD, Currencies, yields, indices. If you want to further explore this case study, or learn more about fundamentals, don't hesitate to follow us on our free education blog on Instagram and shoot as a dm for further questions.
TVC:DXYEducation
by TradingExpertGroup
General Markets AnalysisBITFINEX:BTCUSD FX:EURUSD NASDAQ:FB CBOT:ZT1! AMEX:SPY COMEX:GC1! Bitcoin, EURUSD, Facebook, T-Bonds, SPY, Gold, etc...it is not important to make profit on a specific asset. What is important is to optimize operations regardless of the assets, clearly selected and constantly monitored. Potentially earning $10,000 on cryptocurrency or forex, while maintaining a high risk profile rather than $5,000 with a low risk profile, won't get you very far and especially it's not the setting of the big traders. If you intend otherwise to allocate capital to a diversified portfolio of stocks, commodities, cryptocurrencies, bonds, indices, investing in the long term then we are talking about other things.
CRYPTOCAP:TOTALEducation
by SwissTradingSchool
The Secrets to Forex & the Delusion Game (pt.2)Be sure to read my prior article first. Chapter 1: Persistence is Another Word for Probability Okay, so we're finally back in action. Last time I edged you pretty far but now we can finally get some release. We determined that managing uncertainty (risk management) is the key to 'winning at losing' and paradoxically becoming a profitable trader of derivatives. I explained that your trading system, your directional biases don't matter. It's garbage anyway. All that matters is the biases and systems of the institutions, commercials, sophisticated investors, etc. They all have their own indicators and forecasting methods for directional picks, and they all compete. You can't copy those systems because they are either company property (expensive R&D afterall), and even if you did, you would still be unprofitable, they barely win 60% of the time. But what if we copy their risk management strategies? And what if many of them were similar? And fairly transparent? Why would risk management be similar (and transparent) but speculation strategies vary? Because they manage millions and sometimes billions of dollars (in winning and losing market conditions). Many of them have been doing this for decades, some over a century. Some of them, before fiat money was even a thing in your country. Their credibility comes from safety and persistence. That's why so many commercials have generic 'strong' or 'surviving' implied names that are often related to stones, ships, or geographic (sounding) landmarks. "We will weather the storm and protect your wealth." At least that is the image they want to sell to prospective investors. No Lucky 777 Capital or eBet69 Capital. In addition, they earn from account management itself, primarily from fees. It is inherently intuitive that they would be the experts of managing and protecting your wealth. Their first priority and specialization, is the risk management of capital, a preservation principle. Not highly speculative market returns. Chapter 2: The Emergence of Estimation Now, before I go into detail about the popular risk management methods they use, first we need to broach some psychology and philosophy here. This will help you understand why risk management tends to be more similar at the top, when 'big money' is involved. And why generic advice like 'holding through downturns' or 'buying low' tends to come from the wealthiest and most successful investors. Most of our society attempts to manage uncertainy with speculation. At a macro level, the current paradigm is to make ESTIMATES of SPECULATION. You gather a bunch of 'speculations' (predictions/bets, IE on price level, etc) from credible sources, and find a way to estimate the best value or central tendency. The major systems (governments, markets, organizations, etc) in our society operate on estimation. They develop a likely zone or range of possible outcomes. Now the way this information is presented (and they way experts/speculate) is under constant debate at the pinnacle of our most influential companies, sports teams, armed forces, intelligence agencies, universities, etc. However, estimation overall remains a popular and effective tool, primarily in number heavy domains like markets or weather forcasting (the only field where moon cycles can yield accurate predictions). This is the line of thinking that gives us fair value models (or the center of gravity notion). Many traders like to focus on PA (price action) analysis, claiming incorrectly that this is a pure and indicator-free approach to studying the market. The 'candle' itself is a form of fair value presentation, delivered via the OHLC indicator many retail traders use. The candle is used as a form of estimation found commonly in scientific articles as well (though with additional features). It's just another form of statistical analysis derived from an estimation formula. 1. Determining the 'fair value' price point or the center of price gravity is the most important technical effort you can undertake for your trading strategy. 2. Determining extremes or ranges against that 'fair value' price point is the secondary technical effort that will help you build proper limits to risk. Speculation has the property of delusion, it is characteristically delusional, and that is precisely why it is persistent and predictable. Guessing about things you can't yet experience goes against scientific paradigms. You can't observe the future, you can't test it, you can't repeat it, etc. Only with induction, a sort of coherent or emerging 'catalogue of historical delusion', can we come to terms with speculation as socially and sometimes scientifically (in number heavy environments), acceptable behavior. --- Not to wax too philosophical, but the Problem of Grue highlights the weakness of induction as a knowledge tool. Fact, Fiction, and Forecast is a legendary epistemology book and I strongly recommend it as it serves as a nice auxiliary text for Boyd's word-shy OODA loop concepts. What's important to understand here is that while speculation is essentially irrational, it is still the standard behavior in markets; and therefore, we have to accept irrationality as the status quo. That's the motivation, the prioritization for risk management; to help avoid or deal with all that disorder and confusion and inaccuracy that occurs. It's a game to navigate delusion. And a final heads up for the big thinkers out there, To greatly summarize Boyd: he revealed that the *speed* at which you can calculate 'based on observation' can result in a perfect edge in any form of competition. In other words, you gotta be able to find the center of price gravity and determine the extremes of that price point as quickly as possible, or at least faster than others. This is why technicals, ie statistics, are necessary in risk management (but not for picking directions). You can't calculate risk once a year, you can't calculate it in your head (for markets). It needs to be done in near realtime. Chapter 3: Recommended Models I will cover these in far greater detail in the next article, but here is the list of key models (and technicals within) I recommend to meet your trading objectives (long-term profitability) as a spoiler. A lot of these will look familiar. Most of you have probably used a few (and lost money). That will change when I show you how to use them correctly. Center of price gravity (how to find it): Bollinger Bands Seasonality Models Major Moving Averages Point of Control VWAPs Linear Regressions Channel Extremes (how to reduce risk and increase profitability): Bollinger Bands (standard deviation) ATR Bands Channel VWAPs VaR OI Historical Models Currency Options Traditional Arbitrage Session Psychology Carry Hedge There is one final key to all of this, which involves the clever application of these models. To demonstrate why some models work better in different situations/timeframes/sessions, I have to jump into some of Bohm's work. It all has to do with disorder, which isn't 'orderly enough' to be consistently disorderly. That is, unless you know all the secrets. See you next time.
Education
by CountofCoins
3
FACEBOOK Intrinsic Value ExampleHere I will show you a method to calculate the intrinsic value of a stock. It is based in the idea of how much money can you squeeze out of a company in the future and bringing that amount to present value. The first step is to find a company which is stable, that has a somewhat linear stable growth rate. It is preferred that the debt to equity to be less than 0.5 and current ratio to be more than 1.5. NASDAQ:FB 2 Minutes Video Tutorial: easyupload. io/to2cyd Excel File: easyupload. io/uby6z4
NASDAQ:METAEducation
by gilxhontoci97
On Balance Volume Test #2 - TeslaI have been back testing the On Balance Volume indicator (OBV). So far, so good. I did not publish my first test (Facebook), but will publish from here on. OBV is basically an accumulation/distribution indicator. When there is divergence, it shows weakening/strengthening markets. If you are unfamiliar with OBV, look it up. Here is what I found with Tesla: OBV test 2: TSLA Tesla started becoming volatile in 2014. Tesla set a new all-time at #1. Leading up to the 2nd all-time high (#2), notice the OBV flattened out. It was weak on the move up. They soon corrected. On the 3rd attempt (#3) to reach their all time high (#2), the OBV was trending down. On the 4th try, the share price could not reach their all time high, but the OBV was showing signs of strengthening. It soon corrected again. But, on the 5th try to set a new high, the OBV had rebounded quite well from its low and was trending up nicely. The OBV also climbed higher than the OBV from #4 high. Tesla soon broke out of their long channel and went up substantially from there. It is my opinion that OBV gave warning signs that Tesla was not ready to break out. The conviction was not there until after the #4 high. Also, notice the OBV up moves were stronger than the OBV down moves... with the exception of the OBV from #1 to #2. But, the move from #1 to #2 was telling you the opposite - it was telling you the down moves were stronger than the up moves, therefore the sustainability of the new all-time high (#2) was not that great. Lol, I hope you can understand my cluster of lines and numbers on my chart As I always say... this should NOT be taken as advice. Always do your own research before making any investment decision.
NASDAQ:TSLAEducation
by Bankuur
2
Speculating predisposition testI recently published an idea on the (mostly innate) qualities required to be a good speculator. Next I will write an idea on what one has TO DO to accomplish his goal of being profitable. Not general qualities. What actually must be done. That thing we never hear about, trading educators never ever tell anyone this, all they do is mention "the psychology" and generalities that anyone with common sense can figure out, and the reason is simple: They are not profitable . There are even "trading educators" that have a career as marketers and openly admit they never took a single trade. What is it that if done, and provided one does not have fatal flaws, with "100%" guarentee success? Stay tuned to find out :D Meanwhile I thought of this which I think is a fun test. Got the idea from seing so much troll logic and flawed arguments recently. Being able to make an unbiased logical analysis of news price fundamentals is a necessary thing to make money simply, and even just being a good human being and not a big disgusting pile of you know what. If you want to take things to the next level I think learning (and understanding...) abstract algebra (groups, rings, fields, modules, vector spaces) will turn you into a superhero. The logic, the analytic reasoning. It's too good. Compared to the average illogical emotional herding clueless gambler ye superhero is the right word. You will just see and understand things differently. Can you tell me what are the flaws in each of the 2 demonstrations that gullible people fall for? Not looking for anything too complicated, just the few gaping holes in the reasoning. I will answer comments and I will post the answer as an update in a few days.
NYMEX:CL1!Education
by MrRenev
6
Websites That Should be on Every Online Trader's FavoritesAll comments and likes are very appreciated. _________________________________________________________________________________________________________________ Making a good investment and trading choices requires extensive market research and investment education. If you use or are interested in using an online trading service to start playing the market, it is imperative to take a substantial amount of time keeping abreast of market trends and stock exchange news. Forex Volatility and Tools: www.mataf.net oilprice.com www.livecharts.co.uk completecurrencytrader.com Macroeconomic Data: www.forexfactory.com www.fxstreet.com www.forexpeacearmy.com www.dailyfx.com www.tradingeconomics.com www.marketpulse.com www.forexcrunch.com www.forexminute.com www.actionforex.com www.forexnews.com Financial News Websites: www.wsj.com uk.reuters.com www.bloomberg.com www.cnbc.com www.bbc.co.uk www.ft.com www.dukascopy.com news.sky.com Central Bank Websites: www.ecb.europa.eu www.federalreserve.gov www.bankofengland.co.uk www.boj.or.jp www.rba.gov.au www.rbnz.govt.nz www.snb.ch Financial Twitter Feeds: twitter.com twitter.com twitter.com twitter.com twitter.com twitter.com twitter.com twitter.com twitter.com twitter.com twitter.com twitter.com twitter.com twitter.com twitter.com _________________________________________________________________________________________________________________ All comments and likes are very appreciated. Best Regards, I0_USD_of_Warren_Buffett
Education
by I0_USD_of_Warren_Buffett
1
REPOCALYPSE NOW!This is serious. Find out what 'REPOCALYPSE' is about. Protect your positions very carefully. Get real - I don't know when it's happening nor does anybody else. REPOCALYPSE is not just doom-saying stuff, though it might appear sensationalist. This is reality mates. Those who keep there heads in the sand and do not take protective actions will be flushed out. DISCLAIMER: All statements here are over-simplifications of very complex issues, and are speculative opinion. This is not constructed as advice for making decisions about trading in securities. Your losses are your own. Declaration : This post is consistent with Tradingview's house rules on text-based analyses.
FOREXCOM:US30Education
by Captain_Walker
Algorithm Builder : Please ask me if you're stuckHi everyone A quick post to share a story that happened less than 20 min ago. I received feedback that a follower didn't want to buy the Algorithm Builder because he "tried it and it doesn't work on the Indian market" 11 minutes later (see screenshot below), using the exact same Strategy Builder along with the Backtest (that I'll introduce tomorrow), I made him a strategy with a stunning 63% win-rate, 3 Profit factor - on a period of 10 days, ending today Our chat imgur.com Performance of the algorithm across the last 10 days on a market not very volatile: imgur.com I'm not writing this for trolling, I don't care at all and I surely have better use of my time I just want to convey a message that if you don't know/understand how to use my Algorithm Builder, please ask me. I won't bite and I'll even advice configs People are asking me every what I do use for trading and if I use the scripts I share... short answer: YES and the main pinnacle of my trading is the Algorithm Builder. I make every day for my clients any algorithm on any market, any timeframe in less than 15 minutes. Now some of my clients got even better than me at designing signals with the tools.... (I'm a bit pissed about that, to be honest, but so happy they're learning) You'll be able as well with a bit of practice, it's honestly not hard. Even my sister is doing it and she doesn't even know what the indicators inside mean... I'm here to help so shoot me your questions/concerns/feedback. I can't guarantee your success on the financial markets because psychology plays still a huge part but I did this in 11 minutes guys and you already have the tool available for a free week trial This is a generic script to detect the confluence/convergence between unrelated indicators Algorithm Builder More on that tomorrow to come, my friends. Dave
NSE:NIFTYEducation
by Daveatt
Forget Bitcoin and watch this textbook TA!Away from the action on BTC and the S&P500, I'm making big profits on hidden gems, like this UK stock. A classic TA inverse head and shoulders setup! Straight out of the dusty textbooks. Strong volume on the left shoulder and weak volume on the right shoulder, just as it should be. I bought just above the breakout line. The breakout is clean, retests to a perfect level and then takes off like a rocket! Beautiful. (and highly profitable).
PEducation
by GlenGoodman
7
Reading NEWS Daily would make you a BETTER Trader Overall!Well, there are three types of traders we can come across and all of them believe their method of trading yields them profits, be it using only indicators and price action (Technical analyst) or reacting to news whilst trading (fundamental analyst) or trading according to market sentiment (sentimental Analyst)! In most circumstances we can only see that some traders lets take for instance technical analysis traders, they only perform their trades based on analysis of the charts by using patterns and indicators!. While there may be few traders who combine Both fundamental and technical analysis to execute their trades, most of them do NOT prefer to do this method particularly as they believe "its take a lot of effort to combine these two techniques which would eventually result in executing less trades when compared to using single method!" Whereas the above statement holds true, it can also be fairly said that the combination of the three techniques (technical, fundamental and sentimental analysis) gives a trader more confidence and trust in his/her analysis!. Take for example myself, i used to execute around 2 trades daily when i was basing my analysis solely on technical perspective. These days i only execute around 5 trades a MONTH due to i combine all these 3 techniques which gives me more confidence and trust in executing my trades! I also noticed that since my trades are high probability setups, my win rate is way better when i was using on technical analysis alone. These days i hardly do DAY trading as i spend most of the time reading news and chart analysis to find high probability trades on higher time frames (DAILY, WEEKLY & RARELY 4HR). What i have come to realize in all these years is that SWING trading gives me more accurate results and high win percentage. I do NOT expect to double my account in a month's time, but i trade using risk management and just execute enough trades to make what i can without being stress and blowing up my account! So my advice to all you guys would be to try to combine both fundamental and technical analysis to execute your trades. Here is a big TIP for those that only use technical analysis to execute their trades: TRY TO SPEND 1-2 HOURS A DAY READING NEWS ON APPS SUCH AS INVESTING.COM (BOTH ANALYSIS AND NEWS SECTION), MYFXBOOK NEWS SECTION AND TRADER SENTIMENT SECTION, HAVE A LOOK AT SOMEONES ELSE IDEAS ON TRADINGVIEW.COM If you keep this a habit of reading news and analysis together whilst performing your own too, you will develop a GUT feeling technique that is unique and which will likely tell you where the market is headed prior to you even performing your technical analysis! Its a very special technique but it takes time and habit to develop. Here we see the main of GOLD (XAUUSD) pair i has a gut feeling would reverse and dip slightly because markets were in RISK ON mood. Now this pair is on its way to form HEAD AND SHOULDERS PAttern which is on the verge of breaking the neckline. Now the pattern is not yet complete because the technically the neckline has not broken, but i have a GUT feeling that it would break soon enough and target the ascending trendline beneath at 1260.000 level. its a very special technique and i hope some of you could combine them and use it to your greater advantage! Cheers
OANDA:XAUUSDEducation
by FX618Analysis
Wow! What a dogi!! Incoming ... Big Candles!I first published this chart set up via screen shots posted to twitter. Feb 23rd, 2019 See @golftothecore on twitter. This setup was posted just after the last giant narrow dogi with long wicks above and below (red dogi). I added the "slam down zone" on March 8th. Again, check the twitter. This chart set up was a word to the FOMO crowd ... Exercise due diligence and wait for the market to come to you. Make your own f**king coffee, skip Starbucks, and put lottery money in. Stop buying scratch offs and DCA BTC at the bottoms of long red candles ... BTC fell right into my first purple zone. Incoming, Incoming! Giant candle! This is the first time I am publishing to Tradingview. Cheers, Jeffrey Jay Moore
BITFINEX:BTCUSDEducation
by toeintocrypto