Auction
AUCTION:USDT : FOOL ME ONCE : LONG TRADE SIGNALSo, I'm happy to report that "fool" I am not, although it was touch-n-go for a minute there..
I very nearly repeated the exact same mistake made on BIGTOE; calling the reversal too soon..
So, like any self-respecting politician, I'm doing a 180 turn and reversing the most recent call I made on AUCTION.
It's on it's 3rd run which should then be followed by the continuation retracement, so I apologise for the confusion, but you'll have to turn that puppy around or it won't be pretty.
The good news is that I have a clear and reasonably certain target to give you, and reversing the position right away will recover any losses and then some.
Here's the trade:
Entry from current level: $44.95
TP / Exit (Short entry) : $59.50
This should be a quick run, so don't spend time deliberating and second-guessing this update, I've already completed that exercise and these are the results.
At the top of this run, you can set a short ~$60.00, which is guaranteed to make your day.
Let me know if you need additional guidance or assistance.
Go! Do it..
AUCTION:USDT : SHORT SCALP : SECOND RETRACEMENTThis signal follows on the previous AUCTION short scalp.
Hopefully you acted on my suggestion to get out when I made it.
This chart shows the accuracy of the Fib tool.
It's the exact same Fib tool used in the previous post on the 15th, and it has not been modified at all, you can check for yourself:
"https://www.tradingview.com/chart/AUCTIONUSDT.P/bGrbR9YJ-SHORT-AUCTION-USDT-SCALP-RETRACEMENT-SELL-SIGNAL/
The red line at the top was not in play on the first trade, but without moving/adjusting anything, the same 1.618 red line was telling us where the next target was.
Here's what's amazing and the most fundamental pillar of the Method for TA I've created: The next run is directly correlated and predicated by its immediate predecessor. What I mean, is simply, that the first run, to which I applied the Fib tool, is connected to the next run and already indicates the likely peak/exit for that run.
Here's the catch:
I've been at this for years and I've seen this happen enough times to be able to state it as fact, (On the BIGTOE chart there's mention of the exact same phenomenon, only there it happened 3 times in a row, which will likely be the case here). Knowing all this because I've seen it for myself and believe it entirely to be true does not make it any easier to have faith that it will happen, however.
I guess nobody can realistically expect to not suffer from at least a little PTSD if they've been liquidated as many times as I have, whilst figuring all this out and compiling a theoretical framework.
It'll get there.. )
// I'll say it again because it really does deserve mention (And this is not me blowing my own horn. It's not about me).
There really is no other TA technique that produces more accurate results, or can do so in less time.
Trade Signal | Bounce Token (AUCTION) is ready for upto 17% pumpHi dear friends, hope you are well and welcome to the new update on Bounce Token (AUCTION) with US Dollar pair.
Previously we caught almost 90% pump of AUCTION as below:
Now on a on a 2-hour time frame, AUCTION has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Bounce Token (AUCTION) forming a Gartley for upto 34.50% rallyHi dear friends, hope you are well and welcome to the new update on Bounce Token (AUCTION) with Bitcoin pair.
Our last successful trade setup was the below one, and this was almost 300% pump:
Now on a daily time frame, AUCTION is about to complete a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
AUCTION and Another attractive purchase order block situation!Another attractive purchase order block situation!
In the time frame of 15 minutes, according to the chart, I expect a positive reaction of the price to the buy order block area, according to the downward trend line on the RSI indicator, you can take a long position for the appropriate entry point by viewing the confirmation candle.
Good luck and profitable.
Bounce Token (AUCTION) formed bullish Gartley for the next pumpHi dear friends, hope you are well and welcome to the new update on Bounce Token (AUCTION) with US Dollar pair.
Our last successful trade of AUCTION was the below one, and that was almost 300% pump.
Now on a 4-hr time frame, NMR has almost completed a bullish Butterfly move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Bounce Token (AUCTION) formed bullish BAT for upto 27.50% pumpHi dear friends, hope you are well and welcome to the new update on Bounce Token (AUCTION) with US Dollar pair.
Recently we caught almost 300% pump of AUCTION as below:
Now on 2-hr frame, AUCTION has formed a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
AUCTION/USDT- Hit All Targets with 321% Massive profitsDear Traders,
We are excited to share some remarkable news regarding Binance Spot's latest auction results. The recent trading activities have delivered substantial gains, hitting all targets with an impressive 321% profit margin. While we understand the significance of such achievements, we aim to provide you with an unbiased and informative update.
At Binance Spot, we strive to offer a transparent and secure trading environment, empowering traders to make well-informed decisions based on factual data. Our team of experts continuously monitors the market to identify potential opportunities, and the recent auction is a testament to their dedication.
Please note that while past performance can indicate the capabilities of our trading platform, it does not guarantee future results. Markets can be highly volatile and unpredictable, and traders must exercise caution and conduct their due diligence.
As always, we encourage responsible trading practices, setting realistic financial goals, and diversifying your investments. Remember to stay updated with market trends, utilize risk management tools, and seek professional advice when needed.
We remain committed to supporting your trading journey and providing a platform that prioritizes your security and success. If you have any questions or require assistance, our customer support team is available 24/7.
Happy trading!
AUCTION/USDT Technical Analysis: Potential Long Trade SetupAUCTION/USDT Technical Analysis: Potential Long Trade Setup
Hey Traders!
Check out this technical analysis on AUCTION/USDT for a potential long trade opportunity. Remember, this is not financial advice, and always do your own research before investing in any coins.
Price Action Analysis:
AUCTION/USDT has seen an impressive 300% surge in the past week. However, it's crucial to approach trading with caution and not let FOMO (Fear Of Missing Out) guide your decisions.
Long Entry Strategy:
Based on my analysis, Wave (III) seems to have completed, and a correction in the form of Wave (IV) could be coming. If you're considering a long position, wait for the completion of Wave (IV). A retracement of around 40-50% from the peak of Wave (III) is expected.
Ideal Entry Zone: $8.88 - $10
Stop Loss: $7.58
Price Targets:
Should the anticipated pattern play out, significant upside potential is possible. Primary price targets for the long trade are set at $17 and $22.
Risk Management:
Remember, risk management is crucial in trading. Enter the market with a well-calculated risk-reward ratio to protect your capital and avoid substantial losses. Consider short trading opportunities as well, but be aware that they may require a wider stop-loss due to higher volatility.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies involves risk, so exercise caution and conduct thorough research before making any investment decisions.
Happy trading, and may the markets be in your favor!
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AUCTION new volume 📖💡Hello 🐋
based on the chart, we can see explosive and new volume for the price and break out of the descending channel and parallel channel 📖💡
for
first target definitely we expect more correction close to our Fibonacci levels 💡📖
and
in the long term, we expect even more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
AUCTION/USDT - Bounce: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the $AUCTION / CRYPTOCAP:USDT chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 4.18 | 4.33 | 4.7, while substantial support zones are identifiable at 3.81 | 3.59 | 3.22. It is highly recommended to seize this opportunity by entering a trade within the present price range of 4.27 and setting sights on higher levels of profitability.
◰◲ General info :
▣ Name: Bounce
▣ Rank: 442
▣ Exchanges: Binance, Huobipro, Gateio, Mexc, Hitbtc
▣ Category/Sector: Financial - Crowdfunding
▣ Overview: Bounce token (AUCTION) is an Ethereum based token used to power Bounce.finance's platform - a decentralized auction protocol - and its governance of the protocol. The Bounce web app is available for all Ethereum and Binance Smart Chain based assets. Bounce.finance's decentralized auctions allows users to swap a limited supply of tokens in a competitive environment.
◰◲ Technical Metrics :
▣ Mrkt Price: 4.27 ₮
▣ 24HVol: 585,013.576 ₮
▣ 24H Chng: 5.172%
▣ 7-Days Chng: 5.83%
▣ 1-Month Chng: -11.73%
▣ 3-Months Chng: -26.39%
◲◰ Pivot Points - Levels :
◥ Resistance: 4.18 | 4.33 | 4.7
◢ Support: 3.81 | 3.59 | 3.22
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -2.75
▣ Last 90D: -1.86
▣ Last 1-Y: 0.25
▣ Last 3-Y: 0.15
◲◰ Volatility :
▣ Last 30D: 0.63
▣ Last 90D: 0.63
▣ Last 1-Y: 0.95
▣ Last 3-Y: 1.84
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.76 - V. Bullish
▣ Twitter sentiment score is 0.59 - Bullish
▣ Reddit sentiment score is 0.44 - Bearish
▣ In-depth AUCTIONUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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The Roller Coaster is always a Bumpy ride 🎢The Market can feed everyone but it's not not the market's duty. The market's duty is to provide a playground for a fair auction to take place. The conditions and the rules at the playgorund change from time to time but principles never cease to exist. The market needs liquidity to trend and it's the losing trader's emotion that fuels that. The market will achieve it's own goals just as mother nature and the dragon of time will eat us all. The market is a neutral entity and not one of us as participants are immune to it's wrath. Respect the market as it can stay irrational longer than you can stay solvent. Pay close attention to money management and/or Position sizing because it will help you attain your goals.
With all that said I have outlined my favorite level's on the chart.
There are traders buying the high and the market will not make it easy on them.
Or maybe the market breaks everything like the night king in Game of thrones.
All you should do is take good risk/reward ideas. Create a system suited towards your
personalities and inclinations. Orient yourself to what is most comfortable but be pro-active with your
entries. Cut your losses short and let you profits run. Don't cut your winners just because you want to be right about the direction.
Pay yourself for the time you spend in front of the screen.
I have other obligations but the way I would go about trading interest rates would be to wait 1Hr after the news. Once the market has decided the direction, I lower my position size and follow my system's entry technique for trading with momentum. Additionally, If the market reacts off one of my level's I will anticipate a double top/double bottom. Safe Trading.
⚖️ Auction Market Theory📍Auction Market Theory, developed by J. Peter Steidlmayer and expanded upon by Jim Dalton in his book Mind Over Markets, explains how financial markets function as auctions where buyers and sellers interact. The theory focuses on two main objectives: facilitating trade through a two-way auction process and determining the fair value of assets. Supply and demand dynamics and price discovery play a crucial role in this process. Auction Market Theory is represented using tools like Market or Volume Profile, which utilize bell-shaped curves to identify the value area, representing 68% or 1 standard deviation from the mean.
🔷 In a balanced market , buyers and sellers agree on prices based on their perception of fair value. This leads to lower volatility and prices that remain relatively stable, resulting in a ranging market. The fair value can be recognized using the Market or Volume profile, which appears as a Gaussian bell-shaped curve. However, financial markets rarely stay in balance indefinitely. New information, whether fundamental or technical, causes markets to move away from fair value and transition into a different environment.
🔷 Imbalance refers to the opposite of balance, where there is a disagreement about fair value. In this scenario, one side of market participants becomes more aggressive, leading to a trending market. Typically, markets tend to trend only about 20% of the time and range about 80% of the time. When the market is within the value range, it is more likely to remain in balance and explore within that range. However, in the case of an imbalance, the market often drifts higher or lower until it reaches a stop, typically within a previous value area.
💥Key Takeaways:
🔸 Auction Market Theory explains how financial markets function as auctions, focusing on facilitating trade and determining fair value.
🔸 Supply and demand dynamics and price discovery are essential in the Auction Market Theory process.
🔸 Tools like Market or Volume Profile use bell-shaped curves to identify the value area, representing 68% or 1 standard deviation from the mean.
🔸 In a balanced market, buyers and sellers agree on prices based on their perception of fair value, leading to lower volatility and a ranging market.
🔸 Financial markets rarely stay in balance indefinitely, as new information causes them to move away from fair value and transition into different environments.
🔸 Imbalance occurs when there is disagreement about fair value, leading to a trending market.
🔸 Markets tend to trend about 20% of the time and range about 80% of the time.
🔸 When the market is within the value range, it is likely to remain in balance and explore within that range.
🔸 Imbalanced markets often drift higher or lower until they reach a stop, usually within a previous value area.
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