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Elon candle| BTC massive trend reversal after Elon Musk's tweetIn this post, we are exploring the effect of "humorous tweets" by the Billionaire entrepreneur and CEO of Tesla, Elon Musk. In the recent past, his tweets had created quite a stir in the crypto universe. DOGEUSD had skyrocketed massively. Bitcoin tanked terribly after he tweeted that Tesla stopped accepting Bitcoin payments. Just a few hours back, he has taken another humorous jab at BTC maxis by asking how many are needed to change a light bulb. Michael Saylor, Dan Held, Peter McChivo, and many more giants quickly joined the twitter frenzy to respond to Musk. Many critics are calling out the SEC to take notice of his actions, terming them to be a clear case of market manipulation. The SEC is probing hard into the crypto realm, with the investigation with Ripple. Elon had earlier stated that his company still holds $1.5 billion dollars worth of Bitcoins. It remains to be seen whether the tweets turn out to be the premise for a regulatory investigation. As of now, BTC has already lost more than 4.2% of its market capitalisation post the tweet! And that does worry out the investors! ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BITSTAMP:BTCUSDEducation
by Mudrex
16
How to be careful from misleading Indicators | XRPUSD reversalAny feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :) Quick glance: In our previous analysis on XRPUSD , we discussed about Ripple losing a massive market cap. Right now, XRPUSD had a massive reversal. It has taken support from the lower Bollinger bands. Market in the last 24hrs The last 24 hours were quite a roller coaster. All major cryptos witnessed a huge selloff including ETH, BTC, DOT and others. Trading volumes also spiked up tremendously. Today’s Trend analysis XRPUSD seems to be having a massive reversal. At the end of the downtrend on the 4H chart, there appeared to be a 'Hammer' formation. However, the patter could not be confirmed as the 2 following candles were red, thereby negating the reversal after the 'Hammer'. Stop losses would have been triggered for traders taking long positions after the hammer. Therefore, it is always crucial to wait for the confirmation candle, even if it eats into some of the potential gains. It hedges against fake-outs! The reversal happened after XRP took support from the lower band of the Bollinger Bands. The volume profile shows the demand zone at $0.8688, which is 40% higher than current levels. Price volatility remained extremely high at approximately 24.53%, with the day's range between $0.5231 — $.6514. Price at the time of publishing: $0.6315 XRP's market cap: $29.04 Billion Out of 11 Oscillator indicators, 9 are neutral,1 is bearish, and 1 is bullish. Out of 15 Moving average indicators, 11 are bearish , 3 are bullish and 1 is neutral . Indicator summary is bearish for XRPUSD in the shorter timeframe. Volumes have spiked up tremendously in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BITSTAMP:XRPUSDEducation
by Mudrex
2
MACD - Lesson on what it is, how to useHere’s the basics of a MACD – I will say, I personally don’t use it, but I know it’s a popular indicator amongst newer traders. What is a MACD? A fairly straightforward indicator that calculates the difference between two exponential moving averages – of course this can be tweaked and modified but the standard settings seem to be 26 day and a 12 day. Moving average convergence divergence (MACD), invented in 1979 by Gerald Appel, is one of the most popular technical indicators in trading. The MACD is appreciated by traders the world over for its simplicity and flexibility, as it can be used either as a trend or momentum indicator. Click on the image for the lesson on MA's. The 12 day is considered the fast one and the 26 the slow one – so when people refer to a fast or slow line it is to this they are referring. The calculation is then done on the closing price of both EMA’s. The second measurement is known as a trigger – see image for the 3 components (in orange) the trigger is often, a nine-day EMA of the MACD itself is plotted as well. Histogram - The MACD histogram is an elegant visual representation of the difference between the MACD and its nine-day EMA. The histogram is positive when the MACD is above its nine-day EMA and negative when the MACD is below its nine-day EMA. If prices are rising, the histogram grows larger as the speed of the price movement accelerates, and contracts as price movement decelerates. The same principle works in reverse as prices are falling. How to use it? The MACD generates a bullish signal when it moves above its own nine-day EMA, and it sends a sell sign when it moves below its nine-day EMA. What does this mean? Because there are two moving averages with different “speeds”, the faster one will obviously be quicker to react to price movement than the slower one. When a new trend occurs, the faster line (MACD Line) will react first and eventually cross the slower line (Signal Line). When this “crossover” occurs, and the fast line starts to “diverge” or move away from the slower line, it often indicates that a new trend has formed. This in essence is Divergence… What you will notice here in the recent Bitcoin move; is when the cross happened the price fell. But unfortunately, the divergence trade is not very accurate, as it fails more than it succeeds. So, it’s not as easy as plugging in a MACD and running with it! The MACD histogram is the main reason why so many traders rely on the indicator to measure momentum, due to it responding to the speed of price movement. Many traders use the MACD indicator more frequently to gauge the strength of the price move than to determine the direction of a trend. In the image below; I have removed the EMA’s and kept only the histogram to show the example. You will see that from point A to B on the chart and how it is represented in the histogram & then again from point C to D – both showing bullish momentum from a low point. And in this example below; the Histogram shows more negative strength from X to Y. The Truth No indicator is perfect – no trader is perfect; two wrongs won’t make it right. Some traders swear by MACD and others avoid it. The one thing I can say, is if you keep to its rules then you could make it work for you. Using the indicators histogram over price or entries with Divergence might be what your looking for, then MACD is useful. But don’t rely on especially as the only entry/exit tool. Why did I write this if I don’t use it? Like many indicators, they are lagging – the issue is most educational content online shows MA’s, MACD’s, RSI. Newer traders assume there is some holy grain in terms of indicators. There isn’t – all of what indicators say, can be seen in price – after all it’s what they are calculated on. I’ve written this to highlight the logic of a MACD for newer traders looking or using it. To at least highlight what it is your looking at. Hope it helps somebody out there! For more educational content, see the links below in "related ideas". Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
8
Learn to Read Chart (MACD & XRP)✅ The MACD line is the 12-day Exponential Moving Average ( EMA ) less the 26-day EMA . Closing prices are used for these moving averages. A 9-day EMA of the MACD line is plotted with the indicator to act as a signal line and identify turns. The MACD Histogram (Below the chart) represents the difference between MACD and its 9-day EMA , the signal line. The histogram is positive when the MACD line is above its signal line and negative when the MACD line is below its signal line. ✅ MACD's formula: MACD = 12-Period EMA − 26-Period EMA ✅ MACD is often displayed with a histogram which graphs the distance between the MACD and its signal line. If the MACD is above the signal line, the histogram will be above the MACD’s baseline. If the MACD is below its signal line, the histogram will be below the MACD’s baseline. Traders use the MACD’s histogram to identify when bullish or bearish momentum is high. ✅ The box below the chart has 2 lines which alert traders when a crossover happens: Crossovers are more reliable when they conform to the prevailing trend. If the MACD crosses above its signal line following a brief correction within a longer-term uptrend, it qualifies as bullish confirmation. If the MACD crosses below its signal line following a brief move higher within a longer-term downtrend, traders would consider that a bearish confirmation. ✅ TradingView lets you use the MACD for fast and easy forecasting. You can find it in Indicators & Strategies (f(x)) above your chart.
Education
by MonoCoinSignal
Learn to Read Charts (Stochastic Oscillator & ETH)✅ Ever heard people saying that something is "overbought" or "oversold"? One of the most famous and powerful tools for this is the Stochastic Oscillator. This indicator easily shows you if something is overbought or oversold. ✅ What is a Stochastic Oscillator? A stochastic oscillator is an indicator that compares a specific closing price of an asset to a range of its prices over time – showing momentum and trend strength. It uses a scale of 0 to 100. A reading below 20 generally represents an oversold market and a reading above 80 an overbought market. However, if a strong trend is present, a correction or rally will not necessarily ensue. ✅ To use the stochastic oscillator, it is first important to understand exactly what the readings are showing you. The stochastic oscillator is a bound oscillator, which means it operates on a scale of zero to 100 – this scale represents an asset’s entire trading range during the 14 days, and the final percentage shows where the most recent closing price sits within the range. This makes it easy to identify overbought and oversold signals. Regardless of how quickly the market price changes, or how the market volume fluctuates, the stochastic oscillator will always move in this range. ✅ If there is a reading over 80, the market would be considered overbought, while a reading under 20 would be considered oversold conditions. ✅ If we continue our previous example, a reading of 93.3% would be considered extremely overbought during the 14-day period. Following stochastic oscillator theory, this implies that a price reversal would be impending. In fact, some people believe that a reading above 90 is extremely risky and warrants the closing of positions. ✅ The most common use of the stochastic oscillator is to identify bullish and bearish divergences – points at which the oscillator and market price show different signals – as these are normally indications that a reversal is imminent. A bullish divergence occurs when the price records a lower low, but the stochastic oscillator forms a higher low. This shows that there is less downward momentum and could indicate a bullish reversal. A bearish divergence forms when the market price reaches higher highs, but the stochastic oscillator forms a lower high – this indicates declining upward momentum and a bearish reversal. ✅ However, it is always important to remember that overbought and oversold readings are not completely accurate indications of a reversal. The stochastic oscillator might show that the market is overbought, but the asset could remain in a strong uptrend if there is sustained buying pressure. This is often seen during market bubbles – periods of increased speculation that cause an asset’s price to reach consistently higher highs. ✅ TradingView lets you use the Stochastic Oscillator for fast and easy forecasting. You can find it in Indicators & Strategies (f(x)) above your chart.
Education
by MonoCoinSignal
5
Trends. Correction of trends. Sure reversals and deception.Read and watch carefully. Learn to think. Opportunities do not turn into a manic-depressive syndrome due to your greed, misunderstanding of work and processes, both local and global. Shown in the graph for comparison. Today's situation is 19 05 21 ("Creativity 19") versus 13 03 21 ("Creativity 13") a similar situation in the past. Your intelligence in the right direction can make you rich if you think for yourself and control your emotions. 1) "Deceptions" in the growing trend of 2017. Playing with the psychology of desires and expectations. Simple psychology. March 2017 july 2017 september 2017 I would like to draw attention to how the expectation and disappointment of the main market participants are used here for "driving a round dance of greed". 2) "Faith that cannot be killed". Situation after the peak of 2020. 17-12-17 "Revolution". 17 12 2019 06 03 2020 3) Dump. Important decision. Manipulation before a scheduled dump. Overdid it .... 14 11 2018 16 12 2018 An "unexpected mess" with .... the main trend. Slow, subtle fix. 4) Dump before BTC halving 13 03 2020 16 03 2020 Start 2 under the stage "Crown" (CrownCode6) Closing sectors (13/3/22) Using the situation In such a situation, TA and fortune-telling (inferences due to the data of the old chart history + news background) do not matter. It is simply the desire of a very small group of players at work. How to counter and use it? Always have your own plan for different outcomes of trading situations, more likely and less. Understand what risk management is and use it in practice. Always protect your profits (the greed of the majority of those who give away does not allow this, it is used). Rise / fall. Your trading system should work in different directions. Understand the "mood of the crowd", not be among them. No emotion. Cold calculation. Projection of the above on cash earnings: 1) If you are correct the amount grows in astronomical progression. Gives new potential "For other things" 2) If you are wrong, it does not decrease significantly. Provides new potential "for development in this speculative hobby." 5) Dump before BTC halving. The trading situation is large scale. 13 03 2020 16 03 2020 "The girl did her best" ..... 6) Situation 19 05 21. The first "sabotage". 19 05 2021 2021 7) This situation is on a larger scale. 19 05 2021 2021 For those who know how to think 8) " Green Swan" . 4-6 06 2021 9) COP26. 1 11 2021 - 12 11 2021 First SHAH, then MAT.
BITFINEX:BTCUSDEducation
by SpartaBTC
18
Learn to Read Chart (MACD & XRP)✅ The MACD line is the 12-day Exponential Moving Average (EMA) less the 26-day EMA. Closing prices are used for these moving averages. A 9-day EMA of the MACD line is plotted with the indicator to act as a signal line and identify turns. The MACD Histogram (Below the chart) represents the difference between MACD and its 9-day EMA, the signal line. The histogram is positive when the MACD line is above its signal line and negative when the MACD line is below its signal line. ✅ MACD's formula: MACD = 12-Period EMA − 26-Period EMA ✅ MACD is often displayed with a histogram which graphs the distance between the MACD and its signal line. If the MACD is above the signal line, the histogram will be above the MACD’s baseline. If the MACD is below its signal line, the histogram will be below the MACD’s baseline. Traders use the MACD’s histogram to identify when bullish or bearish momentum is high. ✅ The box below the chart has 2 lines which alert traders when a crossover happens: Crossovers are more reliable when they conform to the prevailing trend. If the MACD crosses above its signal line following a brief correction within a longer-term uptrend, it qualifies as bullish confirmation. If the MACD crosses below its signal line following a brief move higher within a longer-term downtrend, traders would consider that a bearish confirmation. ✅ TradingView lets you use the MACD for fast and easy forecasting. You can find it in Indicators & Strategies (f(x)) above your chart.
Education
by ShawnMCR
2
MMT: The Beginning of the End for Fiat?Let's begin by introducing Modern Monetary Theory (MMT), which is a contrarian view to the orthodox macroeconomic theory's of the past, such as the Autrian School of Economic Theory. The theory suggests, inter alia, that soveriegn nations which maintain a monopoly on their currency, can essentially use that monopoly to fund government spending, without the need of raising taxes, of even having a productive, functional economy (initially). The main attraction here is that a government cannot be forced to default on debt, denominated in it's own currency, because it can simply print it's way out of debt. Alan Greenspan, former Fed Chair, famously said, "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default." What we've seen in the past 12 months is a shining example of MMT, a well coordinated effort to monetize government spending across global markets, which has dwarfed any traditional effort to revive the actual labour market, or real economy (GDP). Heck, if you can simply print GDP, then why have taxes, or a labour market for that matter? MMT has it's shortfalls, and here's why we could looking at the beginning of the end for fiat currency. Although central banks across the globe are coordinating a fiat debasement scheme, which would see citizens in many countries become poorer as a result, there's essentially a proportionate loss in the standard of living benchmark across the fiat spectrum, because all of the major central banks are printing in sync. However, the fact that the bottom half (50%) of households, hold essentially no assets, means MMT is a direct tax on those households. The more money the government "prints," the less value the fiat currency has. Hence, stock prices, real estate, commodities, good and services, and everything you can trade in fiat, appears to be rising in value. But, it's not. It's rising when priced in fiat. The incredible demand for an alternative solution to this seeming wealth extraction mechanism called MMT, is the idea of a digitally finite crypto "currency" such as Bitcoin. Now, I'm not necessarily saying Bitcoin is defensible as an alternative to fiat. But, I'm saying it's a much better store of value. Having said that, crypto faces many hurdles over the years, including pressure from quantum computing - rendering traditional encryption technology moot, as well as power grid concerns pertaining to access, and the list goes on. The goal of MMT isn't to make everyone poor, and that has to be said. It's a powerful tool which aims to achieve maximum employment, while curbing inflation (fiat debasement), by eventually gathering more taxes from the wealthy, to offset rapidly rising prices. However, what we've seen over the past 12 months, is nothing short of extraordinary. The top 20 wealthiest people in the world saw their wealth increase by an average of over 30% from pre pandemic levels. Main Street on the other hand, has been encouraged to borrow more, and spend more, synthetically increasing the velocity of money, and hence the prices of essentially everything priced in fiat. The issue here is the velocity of money can't rise organically because the system is bloated with historic debt levels. If interest rates were to ever rise, for any reason, variable lines of credit, including mortgages, would become next to impossible to service. The Bank of Canada recently admitted to "printing," $3 Billion per week, which was a figure they released just 2 days after the Trudeau Administration released their spending budget for the next year, of you guess it, $3 Billion per week. Coincidence? No. This is perfectly in line with MMT, and the direction central banks all across the globe have signaled they're taking monetary policy. Now, I'm not opposed to the evolution of monetary policy, and I'm also not saying MMT is all bad. But, inherently, it doesn't address real economic productivity, and it aggressively extracts wealth from the bottom 50% of households (no assets). The shortfall in production, which is being replaced by printing GDP, is likely going to lead to a stagflationary environment in the near futures, and economic hardship for the most financially vulnerable. We will see higher taxes on the wealthy in an attempt to control inflation, but the Fed has admitted it can't see any inflation. They're still trying to get inflation to 2%, while the price of Lumber just rose 500% in a year. Don't take my word for it, in today's economic data release we saw personal income rise by a whopping 20% YoY. When you dig a bit deeper, you'll see that more than a third (33.8%) of total US household income, came directly from the US government. Now, if that isn't printing GDP, and going full-throttle on MMT, I don't know what is, my friends. Trade accordingly.
BITSTAMP:BTCUSDEducation
by Hedge_Of_The_World
11
The (COT) - COMMITMENT OF TRADERS Mystery RevealedThis is NOT an in-depth explanation or a way to trade, this is just highlighting some basics from a question I get a lot, you might see some traders talking about COT data. You may even see it in some posts. There's no magic to it, all you need to know is what exactly it is. Of course, if you can use it within your edge to understand some bias by the bigger operators. What is COT Data? The Commodity Futures Trading Commission (Commission or CFTC) publishes the Commitments of Traders (COT) reports to help the public understand market dynamics. Specifically, the COT reports provide a breakdown of each Tuesday’s open interest for futures and options on futures markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. The COT reports are based on position data supplied by reporting firms (FCMs, clearing members, foreign brokers and exchanges). While the position data is supplied by reporting firms, the actual trader category or classification is based on the predominant business purpose self-reported by traders on the CFTC Form 401 and is subject to review by CFTC staff for reasonableness.2 CFTC staff does not know specific reasons for traders’ positions and hence this information does not factor in determining trader classifications. In practice, this means, for example, that the position data for a trader classified in the “producer/merchant/processor/user” category for a particular commodity will include all of its positions in that commodity, regardless of whether the position is for hedging or speculation. Note that traders are able to report business purpose by commodity and, therefore, can have different classifications in the COT reports for different commodities. For one of the reports, Traders in Financial Futures, traders are classified in the same category for all commodities. You can read more info and get the actual data from the CFTC site itself. www.cftc.gov Methodology The weekly report details trader positions in most of the futures contract markets in the United States. Data for the report is required by the CFTC from traders in markets that have 20 or more traders holding positions large enough to meet the reporting level established by the CFTC for each of those markets.1 These data are gathered from schedules electronically submitted each week to the CFTC by market participants listing their position in any market for which they meet the reporting criteria. The report provides a breakdown of aggregate positions held by three different types of traders: “commercial traders,” “non-commercial traders” and “nonreportable.” “Commercial traders” are sometimes called “hedgers”, “non-commercial traders” are sometimes known as “large speculators,” and the “nonreportable” group is sometimes called “small speculators.” As one would expect, the largest positions are held by commercial traders that actually provide a commodity or instrument to the market or have bought a contract to take delivery of it. Thus, as a general rule, more than half the open interest in most of these markets is held by commercial traders. There is also participation in these markets by speculators that are not able to deliver on the contract or that have no need for the underlying commodity or instrument. They are buying or selling only to speculate that they will exit their position at a profit, and plan to close their long or short position before the contract becomes due. In most of these markets the majority of the open interest in these "speculator" positions are held by traders whose positions are large enough to meet reporting requirements. *** Reference from Wikipedia*** When combining with other analysis - you can use it to obtain bias or simple confluence with your existing ideas. For example, here's the chart plotted on a weekly timeframe using Elliott wave theory - Plotted usign another piece of software called "Advanced Get" If you combine this with the data from the CFTC website - you will see that the professional operators have been reducing long positions and gaining albeit staggered short positions on the move down. This showing the overall trend move - If you drill down further and look at the difference in short positions between the 19th of Jan and the following week (26th) on a daily chart you will see a rally. (go check it for yourself) A useful tool As I said at the start of the post, it's not the master strategy. It's simply another tool - I just wanted to share some info with the community on what it is and how it can be used. If used correctly - it can prove useful. Have a great week, feel free to pop questions below. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Education
by Mayfair_Ventures
9
One Trillion Market CapI've been curious as to what players would be involved to have the Crypto world have a one trillion dollar market cap. Looking at the top 20 coins, it looks as though we sit around $600 Billion, so less than a doubling of the current market. I truly believe the "FOMO" hasn't even arrived in the market and once they catch on that we'll see the trillion dollar mark by at least the end of 2018, if not earlier. The Crypto players that will be a part of this will involve a handful picked out from the top 20. 2018 will not only bring new dollars into the arena, but will also separate the good coin from the bad. Something has to give in regards to having a couple of thousand coins...mostly fluff coins with no apparent reason to exist other than to scam and tarnish the good products here. The former big three (BTC, ETH, LTC) will still be around, along with some new comers such as XRP, MON, IOTA...however, in what capacity they contribute to that trillion dollar market cap will be the interesting thing to watch as 2018 progresses. Happy trading!
BITSTAMP:BTCUSDEducation
by thinzman
2
How to trade XRP. 3 Best and simpliest trading strategies. My Friend. Here will be the best patterns that work on Crypto and XRP: 1. False break out of key level - U should wait for a pullback to a strong key level. - Better when a false breakout happens after 100% of ATR drop. example 2. Wage patten This BNB trade is the best example. We made 3% within 1 day)) 3. Squezeeng to a key level The best example will be on EUR/USD but it also works on Crypto and XRP. I just showed you 3 best examples of how can buy XRP. Wait for one of these scenarios. My Friends, if u want to learn how to trade crypto and make money on it write to us about education. Below this video will be a link which u can use for it. Because we closed the last 2 weeks with 80% of the profit. You also can learn how to do it.
Education
by Yuriy_Bishko
15
How to Invest in CRYPTOThis is our guide to investing into the CryptoCurrency Market. 1) Bitcoin Runs the show 2) Top Alt coins will produce massive gains if Bitcoin continues bullish momentum - Focus on the best ones with partnerships / tech / adoption / relevance 3) 99.9% of Cryptos will fail - A small few will see historic price action - Do your own due diligence 2) Dollar cost average into the dips (Highlighted in green) 3) Do not buy near the all time highs & be cautious selling too soon before a potential bull run 4) Take profit at appropriate levels and re-enter when appropriate. Look for Price / Technical analysis confirmations 5) Crypto is a high-risk investment class - treat it that way and do not invest your entire wealth. 6) This market is run by fear / greed / news 7) Do not be scared of high volatility 8) Day trading can be done but preferably on a separate smaller forex account with leverage. 9) Everyone is a Crypto expert in a bull run 10) Ask yourself if you would have been better off just holding or are you really making profits trading? 11) If Bitcoin goes to 100k will you care if bitcoin drops from 19k to 12k? We believe Crypto Currencies will continue to rise in the future & we will continue to take profit at the next ATH and re-enter when is appropriate. This market will make a few rich while others will be crushed. If you believe in Crypto in the future - Buy and HODL. We entered: XRP @ .19c - .3c - .4c ETH @ $100 - $200 - $400 BTC @ 4k - 6k - 8k - 10k Also entered other small CryptoCurrencies. *Currently we are not entering any more positions.
COINBASE:BTCUSDEducation
by GlobalHealthWealth
2
XRP - How to trade extreme volatility😱❌✅✅👌🤠 Further to your comments, messages, questions: I have prepared this video to share some of my knowledge with you; especially the beginners. In this video you will be shown how/why we have had success with taking PROFITS at the best rate and how we use our SUPPORT / RESISTANCE levels on the charts we share with you here to make the best with our trading. We can not offer you investment advise but it's absolutely fine for you to hear more about what and how we trade so we have decided to allow you to receive our 'HOW TO TRADE EXTREME VOLATILITY' video with our personal ideas ( TC apply ). More information here
BITSTAMP:XRPUSDEducation
by FX_Professor
4
Head and Shoulders - "Learn More Earn More" with usInverted Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal. . This illustrates that the downward trend is coming to an end . . When a Head and Shoulders formation is seen in an downtrend, it signifies a major reversal . . The pattern is confirmed once the price breaches the neckline resistance . In this example, we can easily see the head and shoulders pattern. How to Trade the Head and Shoulders Pattern: ENTRY: we put an entry order below the neckline. TARGET: We can also calculate a target by measuring the high point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity
8
Head and Shoulders - "Learn More Earn More" with usInverted Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal. . This illustrates that the downward trend is coming to an end . . When a Head and Shoulders formation is seen in an downtrend, it signifies a major reversal . . The pattern is confirmed once the price breaches the neckline resistance . In this example, we can easily see the head and shoulders pattern. How to Trade the Head and Shoulders Pattern: ENTRY: we put an entry order below the neckline. TARGET: We can also calculate a target by measuring the high point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity
26
Where fundamentals outshine TA, XRP and AlibabaIt is still the early days for many coins! Over time we will see many coins die off as cryptocurrencies with stronger fundamentals and larger market caps live on. Comparable to the dotcom bubble in 2000. I acknowledge there will be a period of time between this where it will be 'stormy' where the overall cryptocurrency market cap will increase. This is the best time to capitalize on projects that you dont see holding longevity. I highly doubt this will be a completely alt coin friendly world. XRP is an example of a coin with strong fundamentals (integration with banks, developed network) yet weak TA (not much to analyze) Often you will see coins showing TA that promises huge potential (massive bull flags, huge falling wedges), yet will have weak fundamentals. This i see as bait. Choose your cryptocurrencies wisely. I am long XRP. Bix
KRAKEN:XRPUSDEducation
by Bixley