Bitcoin my opinionLooking at our Reversal System, our next Daily Bullish Reversal to watch stands at 6832300 while the Daily Bearish Reversal lies at 6326300. This provides a very near-term 19% trading range. Using the Weekly level, the next Bullish Reversal to watch stands at 7019500 while the Weekly Bearish Reversal lies at 5660300. This provides a 19% trading range. Now moving to the broader Monthly level, the current Bullish Reversal stands at 7799900 while the Bearish Reversal lies at 1956500. This, naturally, gives us the main broad trading range of a 74%.
Beyond Technical Analysis
Setup Sunday 28-07Hello Traders!
Here is another Setup Sunday from my side.\
The market was very very good for my strategy in the last 10 weeks, overall a lot of profits have been made. Right now it's back into a big correction overall, so you will see a lot of red pairs in this video.
But no worries, I will also show some good potentials and my expectations in the next 1-2 weeks of the red pairs that might still be very very potential later on :)
Good luck everyone!
Happy trading! :D
$700 on a Saturday Morning (BTC)Probability is the name of the game with any trading setup.
Let me ask you this, If I made you a bet in which you think the probability that you'd win that bet is lower than your chances of winning, would you take that bet?
If you answer yes, you are a gambler because that is exactly what gambling is. If you go to the casinos, you hear it all the time - your chances (probability) of winning are very low as they are skewed in favor of the casino. Lets be real, a casino is a business and the business's goal is to make money. It is just sad that most gamblers aren't smart enough to realize that the money is mostly being made off of their backs.
Conversely what about if you realized the probability is skew more in your favor, would you take the bet? You'd be foolish not to as it is more likely to be easy money for you right?
That is the theory I have applied here. Simple in and out.
That's it, no special strategy, special terminologies, weird candlesticks patterns and all that B.S.
K.I.S.S - Keep it stupid simple
Have a good day guys!
BTCUSDIn this video I breakdown the market from a Top-Down perspective, go over my most recent call out, & analyze the market to determine what Price is going to do Next.
_SnipeGoat_
_TheeCandleReadingGURU_
#Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #DayTrader #SwingTrader #PositionalTrader
R2F Weekly Analysis - 27th July 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
- R2F
US30 More Sells I thinkI think it makes more sense logically for US30 to continue to drop and I do believe it has the means and liquidity to do so.
That being said, I wouldn't attempt to try to trade anything on it as of current because it (like gold) is confusing and chaotic.
I will probably be sitting this one out.
Have a good rest of your day folks!
Chaos and Confusion within Gold Today!I think it makes more sense to walk away from gold at this time as it isn't very clear about what it is attempting to do.
Have you ever felt like the market doesn't know what it wants to do? Well if that is the case and the market doesn't know, how the F could you know?
Come on, not everyday requires you to place a trade.
This is a test most traders will surely fail, because they are addicted to the industry, you have to gain some kind of control over yourself and force yourself to walk away.
What's Flowin!? : SOL | SOX | CADJPY | USDCHFCRYPTO:SOLUSD
SAXO:USDCHF
SAXO:CADJPY
TVC:SOX
Market News Supporting Directional Biases for July 26, 2024
SOLUSD - LONG
Recent reports indicate a bullish sentiment for Solana (SOLUSD). The ongoing developments in the Solana ecosystem, including the launch of new decentralized applications (dApps) and partnerships with major blockchain projects, have driven positive market sentiment. The increasing adoption and growing developer activity on the Solana network are seen as strong indicators of long-term growth potential, supporting a long position.
USDCHF - SHORT
The USDCHF pair has been under pressure as the Swiss National Bank (SNB) continues to unwind its interest rate policies, signaling a more hawkish stance compared to the Federal Reserve. This divergence in monetary policy is expected to weaken the USD against the CHF. Additionally, the strong performance of the Swiss economy, with controlled inflation and low unemployment, supports the case for a short position on USDCHF.
CADJPY - SHORT
The Canadian dollar (CAD) is facing headwinds due to declining oil prices and concerns over the domestic economic outlook. Meanwhile, the Japanese yen (JPY) has benefited from its safe-haven status amid global economic uncertainties. The Bank of Japan's consistent monetary policy, combined with these factors, supports a bearish view on CADJPY, making a short position more attractive.
SOX - SHORT
The Philadelphia Semiconductor Index (SOX) has shown signs of weakness, with technical indicators pointing to a potential downtrend. Recent analysis suggests that major components of the SOX, including companies like Nvidia and AMD, are experiencing sell-offs and breaking key support levels. This bearish momentum in the semiconductor sector supports a short position on the SOX index.
The TradingView Show: Charting Big Rotations with TradeStationOur discussion will dive into the breakout charts of small caps, the ongoing chatter about interest rates, and the shift among Fed members towards a dovish stance. We'll also examine the implications of the slowing AI stock boom and the increasing participation of stocks in catching a bid in the broader market.
The TradeStation team actively shares their daily insights and research on TradingView, providing a rich platform for interactive learning. Their repository includes powerful trading scripts designed to equip traders with effective tools for market analysis and execution.
Understanding these market dynamics is crucial, especially during seasonal shifts like those often observed in summer, where distinct patterns in market behaviors, such as those seen in the S&P 500, emerge. Charting and research play pivotal roles in navigating these fluctuations, offering insights into potential opportunities and risks. By leveraging these tools, traders can make informed decisions aligned with evolving market conditions, enhancing their ability to thrive in dynamic trading environments.
Explore all TradeStation ideas on TradingView here: www.tradingview.com
As you follow the discussion, feel free to ask questions in the comments, share your feedback, and chart alongside us by typing the respective symbol into the symbol search.
The TradingView Show takes place monthly, spotlighting TradingView community members and focusing on educational and informational content. Join us to expand your knowledge and insights into equities, AI, crypto, gold, forex, and more.
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+$374.00 on Gold Call Today
What is up traders, Brandon here - Absolutely lovely call on Gold this morning.
Below are the links to all the minds that I would have posted before and after the trade itself was taken>
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
I like showing all the receipts because this gives clarity, you get a good idea of before and after. I hope you understood where I was coming from with this one.
Have a great rest of your day - see you guys soon =)
DE - How I find confirmation for large moves like this oneI've been watching and trading Deere for a few months now and once you understand the algorithms, you can start to framework safe and profitable trades out of it.
There will be more opportunities to play this prior to earnings to keep it on your watchlist!
Happy Trading :)