US30: Potential Sell ZoneMy first post.
Lately I've been trying to nail down my strategy into something that I can act on consistently. Teaching or Sharing thoughts lead to a deeper understanding of the content so I would love to hear anything constructive from you market wizards.
I've identified two structures here.
#1: The Highest Swing High to the Lowest Swing Low.
#2: The most recent Swing High to Lowest Swing Low, based on where price is currently on the Daily chart.
Using these four data points, I then use Fibonacci to chart what I believe to be significant market levels (below):
#1: The .618 Retracement of the largest structure
#2: The .886 Retracement of the smaller structure
#3: The 1.272 Extension of a smaller structure
I look for a cluster of fibs that may also line up with support/resistance, break and retests. The more points of confluence the better.
The clusters signal areas of interest. (Set an Alert)
Once price reaches this area, Analysis can be done on smaller time frames for precise entries.
I'm still nailing down my trading style and risk management profile. I don't like to throw arbitrary shorts and longs on charts that don't have some solid logic behind them. I typically have tight stops, which means I get stopped out a lot. (Whatever its apart of the game.) I'm still climbing the mountain of trading discipline and resisting the urge to take random trades, revenge trade, move stops, and the more. I'm a believer in trading psychology and every trader having a unique place in the market. If we as traders are operating outside of our place in the market due to inconsistent trading habits, lack of self-control, or a poor understanding of what it is to be our own versions of successful, then we will likely struggle until something clicks.
I'm excited to be more involved on the Tradingview platform.
Firstpost
RETURN of the BULL!!!! We have been oversold on the RSI for a minute now and the few times it has touch oversold territory we have gone up! Then on top of that we have an inverse Head and Shoulder on the 4 hour. This can be explosive above $40k. Even with Jerome Powell, trying to scare the public and the FUD that has been circling around we are still good! When in doubt zoom out! Things are starting to look good and the month of February should be a good one. The bottom was set on Monday and now it is time to take off! The economy is well and nothing has change on the macro level. We do have to be cautious with Sleepy Joe Executive order which is coming up in a couple of weeks. This can be bad for crypto if he is trying to control us but we cant be stop. See yall at the top!!
The RETURN of the BULL !!!We have been oversold on the RSI for a minute now and the few times it has touch oversold territory we have gone up! Even with Jerome Powell, trying to scare the public and the FUD that has been circling around we are still good! When in doubt zoom out! Things are starting to look good and the month of February should be a good one. The bottom was set on Monday and now it is time to take off! The economy is well and nothing has change on the macro level. We do have to be cautious with Sleepy Joe Executive order which is coming up in a couple of weeks. This can be bad for crypto if he is trying to control us but we cant be stop. See yall at the top!!
BUY ADA : GOOd BUY REGION USING SIMPLE SUPPORT AND RESISTANCE ADA is at a good region of support, a long entry will be good until next resistance, if and after price breaks the resistance, the buy momentum may continue upwards after a decent retrace, that would be my entry for another long position!
Whole Number Technical Analysis (EUR/USD)*disclaimer: this is my first time doing technical analysis on my own*
Marked up the chart through whole number theory of technical analysis. As you can see the candles like to shift between levels and zones switch between being support and/or resistance spots.
ALL EYES ON BITCOIN #XBTUSDHello everybody, this is the first TA that I'll be sharing. Today we will be looking at Bitcoin . As usual, I always like to remind myself the principal trends which I divide in two: mid-term trend and long-term trend. As we can see on the chart, we have been in an uptrend since March 13 (mid-term trend) but we are still in a downtrend since the dec 2017 ATH (long-term trend).
Before moving on with the analysis I would like to highlight that I base my trading on 3 different time frames which we will be looking at today, those are: 1D, 1H and 15m. After taking into account the principal trends and knowing what time frames I use, let's start with the analysis.
As we can see in the chart, yesterday we broke the 12000 level which it's an important level that had been rejected before in the daily chart . Also looking at the 1H chart we can see that the range that we had also was broken. Those two events should be enough to expect a bullish movement but as we can see, today we are seeing a daily red candle. In my opinion this movement it's a correction because as we can see in the daily MACD there was a bearish divergence showing decreasing momentum but higher price levels. When we see this happening usually we see a mean reversion.
Because of this happening, I will be waiting for the daily close to take a trade.
In my opinion there are two scenarios for today's trade:
1.- I will be LONG if daily candle stops falling and is above the 12000 level and the H1 resistance (approximately 12100) when the daily candle it's closed.
2.- I will be SHORT if daily close it's below 11800 which should mean that the level of 12000 it's invalidated again and also the 1H resistance in broken in the opposite direction.
As always, we'll see! Thank you for making it here, this was my first public TA but im looking forward to upload much more. I would love to read your opinions and tips. See ya!
Buy XAUUSDTop-down analysis from the Daily --> 4H --> 1H charts. Obvious its been on a bull run, but this is a good entry imo. Looking at the 1H chart you can notice:
1. Price Action
2. Trend Line
3. Support Zone
4. Oversold
5. EMA
My first publish :)
USD/JPY | DOUBLE TOP | DIVERGENCE ---> SELL AFTER CONFIRMATIONFX:USDJPY
Hi Traders,
seems like USD/JPY is reaching resistance and there's a DOUBLE TOP formation on H4,
quite a good DIVERGENCE on H4 & H1,
Look for confirmation and sell :)
-Happy Trading :)
BTCUSD - a resistance noone is mentioningHello guys!
I have some BIG warning signs for you:
Bubble Theory:
Do you really believe we are currently in the phase of a sucker's rally when everyone is shouting "BUY". I'd rather hear my friends ask me "Do you still believe in this sh** market???". Than I buy!
Emotions:
--Last week, friends and family came up to me and asked me how they can invest in Bitcoin, they read that it went to 5000$ and they believe it's going to 100000$.
--> A - Sell the news
--> B - When the crowd buys, sell!
--> C - Think like the big boys, not like the people who work hard for the money day in and day out
Chart:
=> Noone looks at that massive resistance which is coming down aslant from the previous bottom. This old support held for months, means it is HEAVY resistance.
=> The weekly RSI wasn't able to move above the 60 level which means, that we are still holding our bear trend(!). This could lead us into a bearish Monthly RSI which will trigger new lows.
=> TD Sequential hit a perfected 9 in every timeframe and in the 12h the perfection was confirmed with the pump to ~5460 yesterday.
=> 21 EMA resistance on the monthly
=> You can draw EW (Elliott Wave) in two ways, one where we already hit the bottom, and the other one, as in the picture (recovery 1 is very steep, recovery 3 is very flat) which would give us new lower lows.
=> We could be building a bearish continuation flag on BTCUSD
=> If the candle closes the way it is at the end of the week, we have ourselves a beautiful reversal doji.
=> I see the support/resistance trendline as a long lasting one which we are going to hit several times from down- and upside and it may be our point of entry one it hits from upside to take it as support again.
Curious about your opinions, looking forward to your comments!
P.s
I'm in the market since July 2017. Left the market in December and January 2017. Love the market and I believe in the technology and a few projects, but lots of them, especially the exchanges are greedy, money washing machineries.
I do always update my friends about the crypto currency market, so let's give Tradingview Posts a shot.
