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Can Someone Please Explain why BTC is still looking Bullish? WTFDude. I’m all about that bull life. But this clearly looks like a bear flag pattern……Am i wrong? And what happened on that candle that blew way below and jumped back up? Bear trap FORSURE. Is BTC bullish for the next 2 minutes? Everybody acts bullish for about that long I am just trying to follow the trend down to a respectable buy position. Everyone buying in right now seems like they think this is the pump to $100K every time we go up a little bit. LMAO. Help.
Short
by Fabreezio
1
I need help please...Hey guys... I'm tying to back test a strategy that I think might be beneficial for me, and I use vertical lines to count how many times I have been back testing so far. But I wanted to know if someone could create an indicator or at least tell me if its possible for me to see how many vertical lines I placed so far without having to count all of them. I feel like this is the biggest reason why people don't back test because it takes quiet a long time to count and write everything down. So whoever helps me on this, is basically a hero in the entire tradingview community. please somebody answer this as fast as possible thank you so much.
Education
by Benjaminkhan
RSI Indicator & How To Use ItHello everyone, today, we´re gonna talk about an RSI and how to use it. What is an RSI? Basically, it´s an indicator that shows if the asset is overpriced or underpriced. Basic information RSI is 0-100 if the price is at 0-30, the asset is underpriced and theoretically it should go up. if the price is at 70-100, the asset is overpriced and theoretically it should go down. Professional information You can set an MA based or RSI moves. And this is getting really interesting right now :) Every time, the MA is touching bottoms or tops of RSI, it will go up or down (touch bottom = go up, touch top = go down.) It works like an ball and floor. You just drop the ball on the floor and everytime the ball touches the floor, ball will just bounce and go up. I drew it to the chart (green circles). Okay guys, seems like we are in the end. Hope this helped you to make greater decisions and take good view at RSI. Personally, I use RSI a lot and it´s really saving my a$$. Thank you so much for reading my post, I´ll be really glad if you will hit that like button and follow me, so you can see other tutorials. Have a nice rest of your day and stay safe. Tommy.
CAPITALCOM:OIL_CRUDEEducation
by TommyTK247
DOUBLE BOTTOM POSSIBLY FOR ETH? GREAT, LONGHey guys, you seeing what I am seeing here? Just would like to know if I am identifying these things properly because practicing my strategies is worthless if I am practicing the mistakes or bad habits. Obviously the buy in after the price crossed the confirmation line would have been pretty lucrative, another W for Technical Analysis. Any feedback guys, did I read it wrong? Was it something else I was missing perhaps? Thanks guys! We all need to OWN MORE ETH!!
COINBASE:ETHUSDLong
by DutchBoyzDynasty
4
EURUSD - Do you need help??EURUSD here. But firstly, do you need help trading or understanding char layouts? if you do I may be able to help I'm only a message away. We have all been there where we think we see the perfect setup and we look back an hour later to see it has smashed our stop loss. This is all a learning curve, all successful traders have been there and if anyone tells you they haven't then they are sure as shit lying to you! Even now I will confidently say I hit stop losses. The main thing that keeps me trading is knowing my strategy works and making sure I stick to a strict risk management plan. By doing so you can have the worst trading day ever where everything goes against you but you'll still have capital to again the day after and make the money back.. think about it. If you hit 3 stop losses at 1% risk you will lose 3% of your capital. If you hit 1 TP where your RR (Risk Reward) is say 4.2% you would reclaim all your losses and be 1.2% up un profit off one trade. Simple right? Anyway, EURUSD. I explained the importance of DXY in an earlier post and again it is important when I have looked at EURUSD. I can see we have now hit a rejection zone within the dollar and can see DXY rising again meaning the dollar is getting stronger. Also looking at price action here on the 1hr timeframe I can see we had an impulsive move down with a sharp rise back up meaning I can look to the left and look at prior structure (Yellow highlighted box) so now I can see structure I can add in my fib. High to low we can see the fib lines up nicely with the 50% fib meaning to me we should see some rejection here. My trade has a 17 pip Stop Loss with a RR of 3.26% meaning if the trade fails, I'll lose 1% of capital. If the trade goes to plan I'll gain 3.26% on my capital. You don't have to look for massive swings to make money nor do you need to allow a huge stop loss to be able to let your trade run. Be smart and only trade when everything starts to line up. And remember, losses happen. We can never be right 100% of the time.
Short
by Forexforbeginners
2
EURAUD - A current trade - DO NOT ENTEREURAUD here. Just showing you another example of my trading. This position I am currently in and held over the weekend. I closed out most of my position on Friday evening and left a little partial to run to see if it reaches the final target. As you can see, my entry on this was a little premature off the 50% fib where as looking back I should have waited for price to reach the 61.80% as there is more confluence from previous price action. Nevertheless the trade has gone to plan and now we just wait and see how it continues to play out!
Long
by Forexforbeginners
Head and Shoulders Pattern and How to Trade them. (and Inverted)A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. A head and shoulders pattern is comprised of three component parts: After long bullish trends, the price rises to a peak and subsequently declines to form a trough. The price rises again to form a second high substantially above the initial peak and declines again. The price rises a third time, but only to the level of the first peak, before declining once more. The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline. An inverse or reverse head and shoulders pattern is also a reliable indicator that can also signal that a downward trend is about to reverse into an upward trend. (As we can see in the above example) Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between bulls and bears. The initial peak and subsequent decline represent the waning momentum of the prior bullish trend. Wanting to sustain the upward movement as long as possible, bulls rally to push the price back up past the initial peak to reach a new high (the head). At this point, it is still possible that bulls could reinstate their market dominance and continue the upward trend. However, once price declines a second time and reaches a point below the initial peak, it is clear that bears are gaining ground. Bulls try one more time to push price upward but succeed only in hitting the lesser high reached in the initial peak. This failure to surpass the highest high signals the bulls' defeat and bears take over, driving the price down and completing the reversal.
by FXKing009
Playing with my new bullish divergence scanner. ARWR.The way this scanner works is by searching based off of indicators, so the indicators are going to favor our pre-existing ideas about what the stock should do. Be careful to run through more checks before you decide you like the stock. Here is the scanner code I'm using in stockchart.com's technical scan workbench: and and and and and and and and and and ----- Anybody have a different scan criteria they found that works well for them? Am I the last living human being on a sun scorched planet?
NASDAQ:ARWRLong
by emehoke