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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
ETH Hit Our Long Target! Will it Dump?So our TA has been playing out perfectly over the past month. In my last idea, I posted about ETH having a pullback to the 1270 area before retesting 1430 for a possible double top. We only pulled back to the 1316 level but still hit my target of 1430 shortly afterwards. Now we're at a crossroads where there's two scenarios:
1. We either double top here at 1430 and retest the micro support of 1365 (pink line) or the major support near 1270 before finally breaking out past 1430 and testing the 200 EMA near 1525.
2. We continue upwards and test the 1525 level immediately and reject to the 1430 level before breaking upwards and through the 200 EMA into bullish territory.
Right now I'm leaning towards the first option for a few reasons. We have bearish divergence forming on the Stoch RSI (which is also overbought), while the RSI is overbought as well. Now this doesn't mean we can't go higher, it just means these may need to reset a little before having the strength to push through this major resistance in order to effectively test the 200 EMA.
With that said, I'm still in half of my long position from 1165 but I took a hedge at 1435 and plan to take half profit at 1365 and another half at 1270 if we get there.
If you enjoyed my TA or had any questions about the indicators used, please leave a comment or send me a DM :)
ETH Long Target Hit! Where Are We Going From Here? It was only a few days ago when we made our ETH price prediction of 1430 and it already hit! Now I'm going to go over my next price prediction and where we're going from here!
Indicators used:
200 EMA
RSVP Extractor (my indicator you can purchase)
Stoch RSI
I mentioned in my last idea that our major price resistance for ETH was 1430. Now that we've hit it, I'm expecting a pullback to the 1270 level which was our previous resistance (now turned support). This can be validated from a couple things. First, our RSVP Extractor is overbought on the 8hr and the Stoch RSI is overbought as well (although it looks like it may want to have a retest of 1430 for a double top before coming back down so we'll have to see if that plays out). Either way, I'm expecting a pullback to 1270 at some point. If we end up breaking the 1430 level on ETH, my next major resistance will the 1550 level which coincides with our 8hr resistance AND the 200 EMA level which has show to be major resistance for the past couple of months. If we can break that, I STRONGLY believe we'll start our bull run again (at least for a couple of months).
If we break below our support of 1230-1270, our next micro support is at 1165 and the major support is at 1040 (followed by 950 and 880 respectively). These are all of the levels I would be watching closely for longs or shorts:
If you're looking for shorts -wait for a retest of 1430 then 1550
If you're looking for longs - wait for a retest of 1270,1165, then 1040
If you enjoyed my TA or have any questions about the indicators used, please leave a comment below or send me a DM :)
ETH Long Continues to Print!Our ETH long prediction has been playing out perfectly these past couple of days! Yesterday I mentioned my thoughts on ETH climbing to 1430 and that has not changed.
Looking at the 8hr chart, we can see ETH has had a strong bounce off of the 1040 area (major support) and BROKE through our micro resistance of 1165 (which I believe we'll test again as support before retesting the 1220-1270 level). I believe we'll break through the 1220-1270 level within the next week and retest it as support (this will coincide with our Stoch RSI reaching the 100 level and cooling down for a few days) before finally reaching our target of 1430.
There's been a lot of volatility in the market so it may not play out exactly as predicted but my narrative has shifted to a more bullish stance for crypto the past few weeks but I will continue to look for great setups both ways.
If you enjoyed my TA or had any questions about the indicators used, please leave a comment below or send me a DM :)
ETH Holding Support!So far ETH has been respecting our S/R lines to a tee on the 8h chart and continues to trade in a channel. Currently I'm in a long on ETH from the 1040 area due to a few reasons:
1. ETH has major support near the 1040 area since June 14th
2. The Stoch RSI was extremely oversold and is now starting to curve to the upside
3. There's not much resistance until 1165, 1250, and 1430
Based off of our current price action, I'm expecting ETH to continue higher until we get to our micro resistance of 1165 then consolidate for a few days because attempting the push past the major resistance of 1230-1270 (red shaded area). Once we get past those levels, then it's clear skies to 1430 (our next major resistance). If we break down from 1040, our bearish targets are 950 and 880 (orange lines). I'm expecting those to hold and would be perfect levels to DCA if we have another capitulation event.
If you enjoyed my TA or had any questions about the indicators used, please leave a comment or send me a DM :)
BTCUSDT 4h shot-term forecast BTCUSDT 4h shot-term forecast from WunderTrading.
Lack of volumes at the current level. High probability of a fast move down.
Expectations of collecting stops on several previous levels in the form of a false exit from the channel
In case of weakness of buyers and the loss of the level of 18000, the expectation of movement to the next strong level is 12000
ETH Long Played Out Perfectly! From our previous idea post, we called ETH continuing the decline to 1046 (which we hit) then bouncing back to 1220 (which we also hit). I'm going to cover my thoughts for the next ETH move and where I think we're going from here!
Based off of our previous analysis, I've been using my RSVP Extractor along with the Stoch RSI, two very power indicators. This, along with some support/resistance lines have allowed us to predict most of these moves. After ETH hit our long target of 1220 we saw another rejection (red shaded area) and I believe we'll hit a short term retracement to 1165 (8h micro support) which is also fueled by the double top on the Stoch RSI. Following this target, I believe we'll see a bounce to retest the resistance near 1220-1270 while ultimately breaking through to our bullish target of 1430. This level will see a lot of resistance as it's also the resistance on the weekly chart as well (1360-1430). Pending any bearish news, I can see this playing out within the next week or two.
If you have any questions about my TA or the indicators used, please comment below or send me a DM :)