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Harmonic Patterns

"bread and circuses" or "labor and effort"? What do you choose?👁 Not so long ago, I came across an interesting article about Mikhail Titov, the author of the channel "about investments". In his videos, he was not lazy, and collected an archive of economic news releases for almost every day, starting from September 18, 2007 and ending on may 27, 2009. Next to it, he put a chart of the S&P500 index for each of these days. It turned out to be quite a boring video, with a total duration of more than 10 hours, but ... this video helped me personally generate a lot of interesting ideas, and refrain from hasty actions. But the most interesting thing was that it got a maximum of 20,000 views (twenty thousand). While another, more "useful" in my opinion, video about adult men who hit each other in the face with their palms has gained 20,000 views (twenty million!) "Stone faces, Hach's diary. 🏋️‍♂️ It turns out that information that can bring you profit, or at least help you save your capital is less interesting than entertaining and useless time spent? Okay, let's say it was really difficult and boring to watch. But do you think that if Mikhail Titov had shortened his video 100 times and left only the conclusions and the most interesting ideas, that the video would have been no more than 15 minutes long, as in "Hach's Diary", do you think something would have changed? I don't think so, and I've learned that from my own experience. ✍ This is from the beginning of may 2020 I began to publish articles on one of the sites where you can see the statistics of hits. I shared my trading ideas, which were published in advance and could bring a good profit. But I noticed that articles about the failures of other managers, or reviews of books, gained at least 10 times more views. Personally, I have made conclusions for myself, but as for you? Do you think that articles and videos of a successful trader can be more popular than articles and videos from entertainment channels? As usual, links at the end, or in the comments, that would not delete the post (not everywhere possible).
UEducation
by ivan_gold_star_
1
NDX 100 "Infamous Classic V Bottom Formation"Nasdaq 100 (NDX) has traced out a Classic V Bottom Technical Formation, plunging at a 45 degree straight down angle to the March bottom @ 6837, and then, remarkably rallying straight back up the pattern closing today at 9598, within distance of the all time high @ 9736, achieved on Feb.19,2020. That defines the V Bottom Pattern. I have traded the Nasdaq 100, off and on for the last 5 years, since the "Micro Crash bottom in NDX at 3787, in August 2015. The lesson to be learned is The V Bottom Formation is a classic retracement rally formation in NDX, that has "repeatedly"and badly burned shorts, who attempted to short the technical breakdown, only to the the pattern boomerang and blow up in their faces. Key components in the iindex are the glamour and best technology stocks in the US, with the 5 FANG stocks, Apple, Amazon, Google, Facebook, and Netflix making up 25 % of the Index by themselves. The moral of this exercise is quite simple. Those traders who live by the sword, often die by the sword. And often substantially. Short traders should take careful note, of this classic Nasdaq 100 reversal chart "phenomena " THE_UNWIND 6/1/20 NEW YORK .
TVC:NDQEducation
by The_Unwind
26
CADJPY Adam and Eve 👫Adam is a term that describes how the bottom looks, in this case, a narrow, pointed bottom, perhaps with a one-day downward spike. Eve bottoms are more rounded looking and wider. If they have spikes, they tend to be more numerous and shorter. Many times the difference between Adam and Eve is the width of each over their entire height. Adam bottoms tend to remain narrow but Eve bottoms widen over their height. When trying to decide which is which, ask yourself if the two bottoms appear different or similar. With Adam & Eve, the two should look different (the first narrow and the second wide).
Education
by InkyGrip
Interesting price action for Cardano (ADA)Hi guys, I have seen that Cardano just breakout the descending wedge which have been formed since the last july 2018. On the other hand, there is a big green candle just after the breakout of the resistence on the weekly MA 50. I expect that if we don't see a high sell presure, this green big candle will close as a big green as a Green Candlestick . Other interesting point is the fractal that I have observed in the altcoins market cap which might mean a reversal trend of this last bear market: Finally, we can see how Cardano made a higher high and higher low. This is a clear reversal trendline and it is the fist time that we can see this pattern since we began the bear market. All this ingredients make me think that Cardano is likely starting the new bull market. The first target that I expect after the breakout of the falling wedge is at 0.21$ This is not an investment advice.
BINANCE:ADAUSDEducation
by Jose-Coin
The Basics of a CandleStick (for Beginners)Candlesticks represent where price action opens and closes in a given time period.For example, when looking at a 1HR timeframe, each candle will represent 1HR of price action and also show where the opening and closing price of that hour was. Green candles show buy pressure Red candles show sell pressure. The larger the candle, the more variance in price action. Wicks are the thinner lines above and below candles that show where highs and lows of price action has reached during the timeframe of a candle. Wicks on the upside represent the highest price it was traded for during that time. Wicks on the downside represent the lowest price it was traded for during that time. Keep in mind that these wicks can be on both the upside and downside of a candle at the same time. Remember, the top wick is the highest the price was traded at, the bottom wick is the lowest that it was traded at. _______________________ THIS IS PERSONALLY COPYRIGHTED MATERIAL. No part of this book may be reproduced or used in any manner without written permission of the copyright owners except for the use of quotations in a book review. \ The Basics of a CandleStick (for Beginners)
OANDA:XAUUSDEducation
by TayFx
Altcoin Market looks very interestingIf we confirm the fractal , we might a huge increase of the market cap in the coming years. The date range has been increased 1,7 times beetween the first and second bearish cycles. Therefore,if we increase 1,7 times the last first bullish cycle we will get 1242 days for the next second bullish cycle. It means that if we start the next bullish cycle in the next weeks , we would expect to end it in december 2023. Also a bullish cross on the monthly MACD is coming... Finally if we draw a rainbow price chart, the altcoinns market cap could reach maybe 25-30 trillions in decemember of 2023. That would be crazy :P Disclaimer: This is not an investment advice
CRYPTOCAP:TOTAL2Education
by Jose-Coin