Xauusd Next Target ?GOLD was pushed lower ar consolidation zone. Bulls are clearly running out of steam.
The market rejected the resistance three times, and the level held the price.
If you notice that the price action is printing a possible head and shoulders pattern.
We expect a pullback from the confluence zone; the resistance at 1935–1930 + 50% fibo + dynamic resistance cross.
IDEA
EKI Energy good for investmentFundamentals:-
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 358% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 171%
Technicals-
Near demand zone
Accumlate near 1400-1500 or on breakout and closing above trendline.
SL 1220, closing basis.
Good for long term investment.
Swing can be taken on trendline breakout.
not a sebi registred advisor, for education only.
Saptarish trading.
STPTUSDT#STPTUSDT
we have very important and strong support zone in 07/2021 price flew from this powerful support zone TO 600% dont's miss up this opportunity buy and hold it to the next targets at the chart RSI showing bullish EMAs showing a bullish move MACD is showing bullish ZELMA is neutral Ichimoku cloud is bullish Accumulation distribution is bullish Fib retracement is neutral
$BTC basic resistance/support 101. Long Basic concept "Resistance and Support". Using Fib scale as our resistance and support levels.
Things to Note
Do not ignore the wicks.
Do not ignore the wicks!!!!
Left to right - White box is start (bottom left) of support bounce to start (Top Right) of a resistance bounce
[*) Fib levels are respected - Clear wick action where price is pushed with force in the opposite direction at said levels. Also know as a bounce.
If we "bounced" off the bottom Fib level then our next bounce opportunity in the opposite direction is at $29,000
BTC: "Movement is life, and life is movement"!Hello colleagues!
📊 Weekly BTC/USDT review.
There was a strong rally last week with a new December high.
Now the price is trading in the weekly block zone, but I expect an update at $21,480 this week (there was an update on the Bybit exchange and CME)
and descend to daily zones of interest.
📈Schedule of the day.
With such an upward momentum move, the price rarely provides a good entry.
If you don't enter the root at the start of the momentum, it will be difficult to find a profitable trade afterward.
In any case, it is better to wait than to lose!
At the moment, the price has not decided on a corrective movement. There are enough interesting directions after such growth.
Three major imbalances (marked on the charts) and prices in the discount market, which I will look at to find entry points for the continuation of the upward movement.
And for a deeper correction, the price zone is $17,200.
And remember, we trade in probability!
❗️Not a financial recommendation, before concluding a particular deal, analyze the asset yourself.
How Beginner trader differ from Experienced trader!Experienced traders differ from beginner traders in several ways:
Knowledge and Experience: Experienced traders have a deeper understanding of the markets and the various factors that can affect them. They have also been through a variety of market conditions and have a better sense of how to navigate them. Beginner traders, on the other hand, may not have the same level of knowledge or experience and may make more mistakes as a result.
Risk Management: Experienced traders have a better understanding of risk management and are able to make more informed decisions about when to enter and exit trades. They also tend to have a more solid risk management plan in place. Beginner traders may be more likely to take unnecessary risks or make impulsive decisions.
Emotional Control: Experienced traders have developed the ability to control their emotions and make more rational decisions. They are less likely to let fear or greed influence their trading decisions. Beginner traders may be more prone to making emotional decisions, which can lead to poor performance.
Patience: Experienced traders have learned the value of patience and are willing to wait for the right opportunity to enter a trade. They also have the patience to wait for a trade to develop and are less likely to exit prematurely. Beginner traders may be more eager to enter the market and may not have the patience to wait for the right opportunity.
Consistency: Experienced traders have a consistent approach to trading and tend to stick to their trading plan regardless of the market conditions. Beginner traders may be more prone to changing their approach based on short-term market movements.
It's also important to note that, trading is a continuous learning process and even experienced traders continue to learn and adapt to the market.
I wouldn't be that shortHere is another view of the small caps index. I posted previously a big drop (see my related ideas lines below) however there is this uptrend that need to be broken to finally say that we are in a bear market. At this moment the market is still deciding where to go. I personally prefer to buy stocks with great potential to the upside instead of shorting. I made more money buying and hold that shorting.