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How to analyze any market from scratch (Impulse & Correction) #2Hello everyone: I received positive feedback on the last video on how to analyze the market from scratch, and many have told me to make more of these similar contents. So here we go :) I will go through multiple examples of how I would analyze the market by following these simple steps: Multi-time frame analysis (Top Down Approach) Start from HTF to LTF Identify the Impulse Phase and Correction Phase Identify whether the Corrections is Continuation or Reversal HTF Bias > LTF Confirmation > LTF Entry Any questions, comments or feedback welcome to let me know :) Thank you How to analyze any market from scratch #1 DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first no matter what.
Education
by jojofang0901
45
USDT.D (Update) (Long-candles are located at the bottom of the Channel. -USDT.D uptrend to the relatively old Resistance line in the first move ahead. -Attention to the MA200 with the role of support under the trend candel's. - -The intersections of the resistance and Trend line (Green line) in the RSI indicatore seem to create a Strong area for moving upwards. -Therefore the market Still is more likely to fall . +Disclaimer This is not financial advice. The content of this analysis is subject to change at any time without notice.
CRYPTOCAP:USDT.DLong
by millen524
How to analyze the market from scratch (Impulse & Correction)Hello everyone: Many have asked me about demonstrating how to analyze the chart from complete scratch. When looking at my chart and educational video, it all seems very simple, but many are telling me they are struggling to identify the market. Today I will go over how I analyze the chart, from the Higher time frame down to lower time frame by using multi-time frame analysis, top down approach. Specifically by identifying price action, impulse and correction phases of the market. 1. Start from the Higher Time Frame (HTF): HTF can be any time frame higher than the daily chart, such as monthly, weekly, daily. Personally I like to use daily as a go to time frame as it is widely used by traders. 2. Identify the impulse phase of the market. Understand the impulse phase is a period of fast momentum, price is either pushing up or down very aggressively, and not much consolidation visible on the HTF. 3. Identify a period of consolidations. Using trendlines, connect the swing highs and lows of the price. This is to identify the correction/consolidation phase of the market. Which is the most important aspect in price action analysis. You will need to be very knowledgeable on the type of continuation, reversal correction patterns/structures the market usually will form. (I will share many price action patterns/structures that I identify and use in the market below) 4. Once you identify the HTF phase of the market, you will then go down to the Lower time frames (LTF). LTF can be anything under 2/1 HR, 30/15 Min charts. It's not a specific time frame, rather “Multi time frame analysis”. You will also identify the impulse phases & Correction phases on the LTF and use trendlines to connect the swing highs and lows of the correction/consolidation phase, just like what we did on the HTF. 5. Now that you have both the HTF and LTF charts drawn out, the key here is to have both the HTF and LTF tell you the same direction/bias. They should align up and have the same bullish/bearish bias. This will strengthen your probability of success. I always make sure when I am about to enter any trades, I want the multi-time frames all telling me the same story. Same bias, same direction. 6. Now all that comes down to is forecasting the possible entries, which I have made many videos on this topic and I will share some below. Understand you would always want to make sure you are either entering during the impulse phase on the LTF, or the price is about to start the impulse phase to gain the upper hands in the market. You do not want to enter when the price is in a consolidation which is why many traders end up losing money, stuck in the correction and price isn't moving too much, rather just sideways. 7. Continue to work on analyzing the chart from scratch, get comfortable at identifying the impulse phase in the market, and do backtesting continuously so you identify the corrections in the market. This will make you see the chart and the market completely different than before, and you will have a much better probability of entering trades that work out in your favour. Any questions, comments or feedback welcome to let me know. Jojo Below I will share many educational videos that will help you to understand more on price action analysis, impulse/correction phase, entry, forecasting, backtesting and more. Continuation and Reversal Correction Identify a correction for the next impulse move in price action analysis Multi-time frame analysis Continuation Bull/Bear Flag Parallel Channel (Horizontal, Ascending, Descending) Reversal Ascending/Descending Channel Reversal Rising/Falling Wedge Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Continuation/Reversal Expanding Structure/Pattern Risk Management: 3 different entries on how to enter the impulsive phrase of price action Risk Management: How to Enter and set SL and TP for an impulse move in the market Risk Management: When/How to move SL to BE and to profit in a running trade ? How forecasting can benefit your trading journey Backtesting & Chartwork on Forex Market Backtesting & Chartwork on Indices Market Backtesting & Chartwork on Crypto Market How & Why I backtest:
OANDA:XAUUSDEducation
by jojofang0901
40
BITCOIN (Complete Technical Analysis) ✅⚪️Bitcoin has maintained its support above $ 40,750. It is currently bullish and can cross the $ 45,000 resistance. ⚪️#BTC repeatedly tried to break the $ 43,000 resistance; But it eventually dropped to around $ 41,000 and the cows traded around $ 40,750. Twice attempts were made to break the $ 40,750 support, but the bears failed. ⚪️It has finally resumed its new uptrend and a twin floor pattern appears to have formed at $ 40,750. So far, resistance levels of $ 42,000 and $ 42,800 have been passed. The BTC / USD hourly chart also shows a bearish trend line with resistance at around $ 42,400. ⚪️Meanwhile, the 50% Fibonacci retracement level of the downtrend from the 45,153 ceiling to the $ 40,750 floor has been left behind. #Bitcoin is now trading above $ 43,000 and a 100-hour moving average. ⚪️In addition to the above, it can be seen that the price is currently trying to dominate the current position in the range of 76.4% Fibonacci level. In this position, the nearest resistance level upstream is considered in the range of $ 44,800. The main resistance is also expected to be slightly higher at $ 45,000. ⚪️Climbing and closing candle above the main resistance will probably be the beginning of a strong climb. In this case, the next significant resistance is in the $ 45,500 range, which will push Bitcoin to the $ 46,200 resistance. But if Bitcoin is not able to cross the $ 45,000 resistance, there is a possibility of a fall. In this case, we consider the nearest support level downstream around $ 43,600. Below, the $ 43,200 range and moving average are the first key support levels; With that collapse, the possibility of Bitcoin falling to $ 42,000 support is imminent.
by MonoCoinSignal
4