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Harmonic Patterns

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
Briefly about Accumulation and Distribution👩🏻‍🎓Guys, as promised, I'll tell you about accumulation and distribution 💪🏻💪🏻💪🏻 Come on🚀🚀🚀 ⚡ Prices always go from balance to balance and no other way! ⚡ Wyckoff said that the price always following one of the 4️⃣ phase s: 💥the consolidation zone (flat), where the big player is gaining volume, is called accumulation ; 💥if after exiting the flat, demand is higher than supply, then the price rises and an up-trend development is observed in the market; 💥the area of ​​consolidation (flat), where large players exit the position, is called distribution ; 💥if after the release the supply prevails over demand, then a down-trend is formed. If you look at these 4 phases of the market, the key problem of forecasting further price behavior will lie in the first of them, in accumulation, when it may not be entirely clear where the price will go after. Below, based on the Wyckoff and VSA method, I'll show how to correctly assess the situation and take a position in the right direction. 🔋🔋🔋 Accumulation 🔋🔋🔋 🏹Phase A - Market Stop. 🏹Phase B - Supply and demand balance. 🏹Phase C - False Breakdown. 🏹Phase D - Search for entry points. 🏹Phase E - Beginning of a new trend. In the ❗ distribution ❗ phases, everything is similar to the accumulation phase, only upside down. Important 💣💣: don't go into shorts in the accumulation zone in the distribution area don't go into long Guys, if you liked my post, put me 👍🏻 and write a comment✍🏻 Don't forget to subscribe, if you aren't already😆 And of course, stay with me, dear💓💓💓 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
41
🤡 Who would you like to see in your fin.the advisors?🤡 Who would you like to see in your fin.the advisors? The analyst or the trader-practice?⠀ ⠀ 🤔 In the last article, we told you about how important it is to have my personal opinion, trading on the exchange. And also showed how this can affect your account. And in this publication, we will give an example of someone who is more profitable for you to listen to, in monetary terms, for your pocket (this is important to cut, because it can also be profitable for emotional pleasure). Let's start with our hero of the publication. ⠀ ⠀ Bill Ackman is an American financier and entrepreneur, founder and CEO of the Pershing Square Capital Management hedge Fund. Ackman is characterized as a person who has a very peculiar attitude to the choice of personnel. He employed a fishing instructor, a former tennis player, and a taxi driver. Interesting choice, isn't it? But all sorts of things happen, and most likely he did not take them to the position of asset management. Now think about yourself. Who do you hire or read most often? 95% of analysts write about what has already happened. They find and describe the reasons for the past movement, and most do not even have their own lengthy trading track that they can confirm. You can hear a lot of reasons why they don't. And when you ask them to prove their competence (for example to ask in advance to pay 5-6 trading ideas), you get the same reason.⠀ ⠀ ⁉ app Question - maybe we should be more careful who you hire? What is your opinion? ⠀ ⠀ By the way, bill Ackman is also known for his attacks on Herbalife, which he called a "network pyramid". The market Commission conducted an investigation after Herbalife shares fell by 20% in one trading day, the firm's management pointed out that this was preceded by an interview with Ackman, in which he mentioned the company as the most effective pyramid of the XX century You can find the quotation chart in the article.
NYSE:HLFEducation
by ivan_gold_star_
The reason why trading IS gambling (Why it's important)Hello everybody and welcome, First of all, thank you for the interest you show. The goal of this content, is to empower you with the tools you need to shift your psychology and level up your trading. ---------------------------------------------------------------------------------------------------------------------------------------------- Before we start, let me just say that I do not have any product to sell. My content is free and my only goal is to provide valuable information to help traders being more successful and consistent when trading. ------------------------------------------------------------------------------------------------------------------------------------------------ Some explanation regarding the introduction above : What I want to emphasize through that example, is that often times, when trading, you will face losing streaks . It is inevitable and we can also assume that it is recurrent . It is important to note what happens in the mind of a trader : doubt . Why ? Because of not accepting the fact that trading is gambling. I know ... It might be hard to "accept" because people often times think that trading is all about skills, but it is not. Let me explain : When you trade, whether you are long or short, you rely on nothing else than other people to make profits. The problem is, you do not know if these people have the same convictions and beliefs as you do regarding what the market is going to do in the future. So there's randomness involved in trading because every moment is unique, i.e. it involves different people. But, if you have an edge, meaning a "strategy" that puts the odds in your favor (whatever it might be, trading pullbacks, momentum trading, morning panics, gap strategies, etc...) : YOU ARE THE HOUSE . You win over a LONG period of time no matter the outcome on a trade-to-trade basis. Now, considering what we just said, should we care about what is going to happens to the trade I highlighted above ? Absolutely not. Why ? Because we have accepted the fact that the distribution between wins and losses is RANDOM in the market . Therefore, whatever the outcome is, we know, that we will be profitable in the long run. Why does that actually matter ? Well, it matters, because as I stated above, traders doubt when they encounter a losing streak. They question their edges, their skills, they start questioning their rules and strategies. What is likely to happen ? They blow their account. Fear, the biggest enemy in trading Apart from doubt, the trader that just has gone through 4,5,6,7 or more losses in a row, is afraid. He is afraid to put on that next trade, even though that trade could be a homerun and wipe all his losses. Fear paralyzes us, it reduces our focus and narrows our attention to what we fear the most. You probably recall the time when you put on a trade and you kept bagholding a loser, you were paralyzed, you just couldn't sell. There's a funny thing that happens everytime when you hold on to a loser, whenever you decide to sell, the market bounces back. This is because you are not alone on that boat and human psychology is universal. Once you have accepted that, you will be able to focus 100% on your actual trading errors, which are related to your knowledge and your skills. You will never doubt or have a moment of indecision if your edge appear on the chart. You will take the trade and don't care at all what happens next, because you know that trying to figure out if it's going to work or not has no sense. Thank you for taking the time to read me. I really appreciate that. Make sure you comment below if you have questions or just wanna add something. Thanks a lot, MyTradingJournal
BITSTAMP:BTCUSDEducation
by UnknownUnicorn6734025
4
XAUUSD - M Dears, I know most of the traders think about this chart it is a new chart, but as you can see with the attached chart you can see the old one it was 21 July 2019. and we have mentioned the gold from that date it is bullish, and it will not be bearish till touching the resistant, and that time we want to get the confirmation of the bearish with price action. Note: we believe the coronaviruses will start to begin to weaken, and all the markets, economies, and life will working and life gradually returns to normal. take care and be in save.
FX:XAUUSDEducation
by iSaleh
1