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Fierytrading

Weekend Technical Analysis Fiesta - Name Your Crypto!Has been too long since the last time that we had a crypto fiesta! Short-term view: As discussed in my last few analyses, BTC remains in a gray area. Bullish above the top yellow resistance and bearish below the bottom purple support. Stocks are breaking out bullish, so I'd expect BTC to follow. Very choppy market. 🎉CRYPTO FIESTA🎉 Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend! Give this analysis a like if you enjoy the content🙏
Long
by FieryTrading
46
🔥 Weekend Technical Analysis Fiesta 🎉 - Name Your Crypto!Has been a long time since we've done a crypto fiesta! Time for a new one 🔥 Short-term view: Bears have the overhand since the second week of April. A lot of volatility both ways, but the bulls are failing to push back to 70k Long-term: trend is still bullish. We can correct more, but still expecting a new all-time high over the next months. A move below 50k would be a long-term pivot to the bears. 🎉CRYPTO FIESTA🎉 Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend! Give this analysis a like if you enjoy the content🙏
Long
by FieryTrading
76
🔥 Bitcoin In Area Of DANGER: Macro Signal! 🚨In this analysis I want to take a look at one of my more popular indicators; Bitcoin's Logarithmic Price Bands. In case you want to know more about this indicator, please check out the link on the bottom of this post. Back in March I made an analysis with the same title, where I argued that Bitcoin had entered an area of danger (the yellow mid band of the indicator). The yellow band has historically proven to be a strong resistance. With BTC retesting the bottom support of the yellow band there's a serious risk of BTC falling through, resulting in further selling. It's too early to tell whether BTC will correct all the way back to the green band, like last cycle. Nevertheless, the indicator has again proven to offer significant long-term trading opportunities. How low do you think that BTC will go? Happy to hear your thoughts 🙏
INDEX:BTCUSDShort
by FieryTrading
2
🔥 Weekend Technical Analysis Fiesta🎉 - Name Your Crypto!Has been a long time since we've done a crypto fiesta! Time for a new one 🔥 Short-term view: Bulls have the trend, but bears have the resistance. 3 possible paths drawn on the chart. If we can get a decent break out through the top resistance of the channel we might even make a new ATH before the halving. Small chance, but definitely possible! 🎉CRYPTO FIESTA🎉 Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend! Give this analysis a like if you enjoy the content🙏
Long
by FieryTrading
162
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!It's that time of the month again, time for the last Crypto Fiesta of 2023! Short-term view Bitcoin looks bullish. Long-term trend is 100% bull, but we might be seeing some headwinds in the near future. 48k remains my target. This will be the strongest area of resistance before the all-time high region. Bullish ETF news keeps coming in. Seeing that we've rallied this far without the ETF actually being approved makes me wonder if it will be a "buy the rumor, sell the news" kind of event. 🎉CRYPTO FIESTA🎉 Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend! Give this analysis a like if you enjoy the content🙏
INDEX:BTCUSDLong
by FieryTrading
108
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!Another month has passed since the last Altcoin Fiesta, excited to do a new one! My short-term view on the markets: In nearly all my Bitcoin posts recently I've stated that I was bearish until we can get a bullish weekly close above the top purple resistance. Seeing today's price action, we're likely going to close the week above said resistance. Near term looks bullish. Main resistance is the July high of 31.800, a move above there can easily take us to 35k or higher. Alts have been bleeding hard. With BTC going up, there's ample short-term opportunity to find in the altcoin market. 🎉CRYPTO FIESTA🎉 Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend! Give this analysis a like if you enjoy the content🙏
Long
by FieryTrading
81
🔥 Learn To Trade With FT: Fibonacci RetracementsAs of today I will start a new series for the TradingView community: Learn To Trade With FieryTrading. I will be doing deep-dive analyses on different trading strategies to explain how they work and especially why they work. The idea behind this overview is to make you a better, more well informed trader. If you learn anything from this post, please give it a like! Learn To Trade With FT: Fibonacci Retracement Entry Introduction: Fibonacci retracements are a popular technical analysis tool used by traders to identify potential support and resistance levels in financial markets. Derived from the Fibonacci sequence, this tool can help you make more informed trading decisions. In this guide, we'll walk you through how to use Fibonacci retracements effectively and how to draw them accurately. Understanding the Fibonacci Sequence: Before diving into Fibonacci retracements, it's essential to understand the Fibonacci sequence. The sequence begins with 0 and 1, and each subsequent number is the sum of the two preceding ones. The sequence goes like this: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, and so on. The ratios derived from these numbers are used in Fibonacci retracements. The primary Fibonacci ratios used in retracements are: 0.236 (23.6%) 0.382 (38.2%) 0.500 (50.0%) 0.618 (61.8%) 0.786 (78.6%) 1.000 (100.0%) How to Draw Fibonacci Retracements: Select a Trend: Identify a significant price trend (either up or down) on your chart. Fibonacci retracement reversals usually work better in strong trends. Choose the Swing Points: Locate the swing points of the trend. A swing low is the lowest point in an upward trend, and a swing high is the highest point in a downward trend. Draw the Fibonacci Lines: Using Tradingview's Fibonacci Retracement Tool (ALT+F), draw a horizontal line from the swing low to the swing high (for an uptrend) or from the swing high to the swing low (for a downtrend). Identify Key Levels: The lines you've drawn will automatically divide the trend into various retracement levels, as per the Fibonacci ratios mentioned earlier. The most common levels to pay attention to are the 38.2%, 50%, and 61.8% retracement levels. Learn To Trade Once you have spotted a strong trend on the chart, it's to be expected that the price will pull back somewhat, which is where you will be waiting as an expert trader. Once the price starts pulling back, look at which Fibonacci Retracement it will stick. Once the price starts trading horizontally for a while, there's a decent probability that the Fibonacci Retracement will hold and that the price will continue its longer-term trend from there onwards. To make this strategy even better, try to combine it with the RSI. A severely oversold RSI after a pull-back from a strong bullish trend is likely to find support at one of the key Fibonacci Retracements. Put it on your chart and see for yourself! Note: this strategy is not a one-size-fits-all solution. Learn how to use it in conjunction with your current strategies. Use this strategy to create order in a world of chaos. Why Does This Work Like many other trading indicators and strategies, it's a self fulfilling prophecy . If a lot of people is watching a certain indicator or line, it's more likely that they will react to it. Same reason that supports and resistances often cause reversals, same goes for longer period moving averages like the 50 and 200 period MA's. Real Life Examples In the screenshots below I'm going to show that the 0.382 / 0.5 / 0.618 Fibonacci Retracements offer strong support and resistance on Bitcoin's chart in practically every timeframe. Skilled traders were ready for the Fibonacci Retracements and got good entries in their trades. Next time this can be you! This strategy works on every asset. Apply correct risk-management on your trades by always using a stop-loss.
COINBASE:BTCUSD
by FieryTrading
49
IOST > Trendline > To the Moon?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of IOST. According to my technical analysis, IOST is following a strict trendline. So, I am long on it. "My analysis is valid untill We don't see a breakout from trendline" I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill
RLC > Moving in a Channel > Next Move?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of RLC. According to my technical analysis, RLC is moving in a channel. Now, It will do a pullback then a move to the upside. "My analysis is valid until i don't see a breakout from channel" I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill
GRT > Trade Setup > Buy and Sell SetupHello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of GRT . I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
by tradethrill
OGN > Double Top? > Support and Resistance/Trendline Breakout!Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of OGN. According to my technical analysis, OGN is going down after a Double-Top. So, I am short on OGN. "My analysis is valid until we don't see a breakout from resistance" I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by tradethrill
3