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BITCOIN Key Levels! Analysis! Hello,Traders! BITCOIN is going up from the Lows and has broken a key Horizontal level which is now A support at around 18500$ And keeps going up to retest The resistance level 1 At 25000$ and If this level Gets broken then the next Resistance level will be At around 29500$ Please, keep in mind that These levels are wide and Are more like areas rather Than lines so adjust your Analysis accordingly Like, comment and subscribe to boost your trading! See other ideas below too!
BITSTAMP:BTCUSDLong
by TopTradingSignals
9
Link / btc Upward trend 545 days! Pivot points. Potential $The LINK coin has been moving in an uptrend for a year and a half !!! 545 days !!! Since the inception of the uptrend, the coin has now grown by more than + 1000%. This is one of the rare coins that goes against the market. Now there is a correction to the uptrend line. Watch the line of the uptrend when the price approaches it. It is very likely that a large ascending triangle will form inside a huge expanding triangle. The uptrend will be supported by the uptrend line. Entrance three options from the development of events: 1) From the uptrend line, if confirmed. 2) On a breakthrough or rollback after a breakthrough of an ascending triangle if this formation is formed. 3) Entry into the short if the line of the uptrend, the price breaks and fixes under it. Target. All targets in three trading options on the chart. If this formation of the ascending triangle is confirmed, the wave potential inside the ascending triangle is + 80%. Also, the development of the potential of the ascending triangle if it is formed + 200% of the resistance. Or +280% of the uptrend line. If the uptrend line is broken down and the price consolidates below it, then the potential for working to lower the price opens, as the coin grew by more than 1000% against the market in a year and a half. Stop Loss. Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.
by SpartaBTC
3
Adding Pivot Points to the Zone PredictorAfter a few years of development on the Zone Predictor indicator/strategy, it was suggested to add Pivot Points to show confluence between the trading Zones and the Pivot Points on a higher timeframe. By adding the Pivot Points, one can clearly see the levels at which there may be a better opportunity to trade the Zones around. This chart is MNQ using 40 range bars (just to show 10 point moves in that market). The Zone Predictor provides the trading target areas and by showing the Pivot Points taken from a 15 min timeframe, it becomes more clear which are Zones that have greater potential. Using different lookback lengths on the Pivot Points also shows where levels have been touched and breached multiple times.
CME_MINI:MNQH2023
by NorthStarDayTrading
7
TSLA RepeatTSLA is being played with by institutional Robos. I expect a pop up to the blue 8 EMA Line. Watching 114.20 for resistance, 117.14 is a first target, 120 area being a nice wall to hit before dropping or moving further into the 125-130 area. If we hit the 120 wall I suspect we will retest today's highs for support. TSLA is finding its feet. IF we are able to clear 122, then 125, I think TSLA has clear skies to 130-135 area with minimal pull backs. Some of this requires the SPY to play nicely. Lately, TSLA has been inverting the market. It's been atypical as far as market moving goes.
NASDAQ:TSLALong
by Battle-Trading
Is it your strategy or you???What is your strategy? If asked, could you explain it to one of your friends or family members? More importantly, does it make sense? Is it clear? Teaching or Sharing your thoughts & methods leads to a deeper understanding of the content. If nothing else, speak aloud and hear your reasoning out of your own mouth before taking a trade. My current strategy is to take a defined structure from Swing High to Swing Low or Swing Low to Swing High and use it as the basis for my analysis. Naturally, the structure will indicate a trend, and I would need to decide if that trend is in alignment with or contrary to the broader market. Either is fine, but this distinction is essential when assessing targets and risk. I have to constantly remind myself that I don't know what the market will do. Since I don't know what the market will do, it follows that I should be open to changing my mind and also safeguarding against my ignorance. With this being said and firmly in mind, there are three levels that I like to pay attention to. They are: Breakouts of previously established key levels. The .618 Retracement & 1.618 Extension (current and previous structures) Between the .786 & .886 Simple enough. I'm sure that your strategy for entry can be explained in layman's terms as well. The issue typically doesn't lie in the analysis it lies in the trader's ability to follow said analysis and follow it consistently. Does this sound relatable? You spend hours or maybe even days conducting your analysis, waiting for the market to make its move and give you some indication of what might happen in the near future. As time passes, things seem to become more clear, and you see your opportunity coming. Sure there are a few unexpected movements that happen along the way but that's just how markets move. Price approaches your entry but not yet. Hell, it may not actually reach the level at which you established as a good entry. So you enter early and let the candles fall where they may. If you have fixed stops, now your levels are thrown off. If you don't, then any concept of risk that you had in your mind has been altered and you now bear the task of making mental adjustments to compensate for a completely different trade. Because that's exactly what it is, a completely different trade, with new numbers, figures, distances, R&R ratios, and new implications of risk. The market moves in your favor, possibly even nearing your predetermined target. If it's a fixed number of pips, then that number has changed. If it was a fixed target then your projected profits have changed. This may not seem like a big deal but for beginning traders who are establishing their system, this means everything. Every decision you make against yourself has future implications on your equity curve, but also on your confidence and understanding of what you are doing in the market. In order to be consistent and profitable in the market we must learn to trade in a consistent manner with a strategy that will prove to be profitable over time. The market continues to move but it has taken a sudden turn against you, whatever profits you had are quickly erased and price action now edges toward your stop loss. You've been stopped out only to learn that if you had been patient at entry and kept your original strategy in place, you wouldn't have been stopped out, and price action would have ultimately gone in your favor reaching your target. The point of all this is to illustrate that we unconsciously make changes to our strategies as we are deploying them. These changes have a compounding effect on the outcome of our trades. Even if you are made a winner by these changes you've made, you will have reinforced a bad habit that will undoubtedly lead to many losses in the future. There is power in understanding the unique set of tendencies and preferences that make you the type of trader you are. If you continue to ignore this, you will rightfully take your place amongst the other 90% of failing traders. When you start to pay attention to your own uniqueness and figure out what concepts, ideas, strategies, tools, and methods resonate with you, then you will be on your way to developing a system that you can trade consistently. Losing is a part of the game. You may as well lose in a manner that produces feedback that can be learned from. Are you losing because your strategy needs adjusting or are you losing because your psychology needs adjusting? It should be stated that any given trade, from start to finish, can be, and typically is, more nuanced than what I've just described. Its simplicity should not overshadow its intent. The chart attached to this post shows that there are multiple opportunities for entry for mine and, quite possibly, your strategy. All a trader needs to do is be patient and allow the market to tell you what it is doing. Along with entries are maintenance and exits. Targets are just as important as entries if not more so. Your unique perspective as a trader will heavily impact the decisions you make in all three phases of trading. Levels of Development LLC is providing this material for this site and any other related sources (including newsletters, blog post, videos, social media and other communications) for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and may not represent specific trades or transactions that we have conducted. In fact, we may use examples that are different or the opposite of transactions we have conducted or positions we hold. All investing and trading in the securities market involves risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments, is a personal decision that should only be made after thorough research, including a personal risk and financial assessment, and the engagement of professional assistance to the extend you believe necessary.
BLACKBULL:US30Education
by LevelsArchitect
Higher resolutionHigher resolutions aka lower timeframes have several uses: HIgh res levels 1) For more precise entries past the positioned levels. You have a level on your current resolution, a level you want to use, let's call it "X". You turn in higher resolutions, and scale in around the levels there, past the X; 2) For precise entries during positioning. You have a level that you expect to be positioned 'that way', let's call it "Y". You turn in higher resolutions, and scale in around the levels there, past the Y. An example on the chart is exactly about that. Suppose we expected a 1M level (red line) to be positioned as support. We've opened 1W chart and scaled in at 1W levels below the level; 3) Overridden levels. Forgot to mention, just as overridden waves, overridden levels do exist. It really concerns an imaginary level called value aka fair price. Usually, when you have an overridden wave -> value level in the middle of this wave, the real levels around value exist only deep in higher resolutions, and are already cleared, long time ago. So, they kinda "reactivate" again inside an overridden wave, near the value; 4) For scaling out. When offloading risk, you don't want to do it at the levels that You, yourself, expect to be cleared xD. And that includes the levels from the high ress. HIgh res waves 1) To fine tune the location of back levels. Positioning of a level on a given resolution is a so called pattern seen on higher resolutions. I can't say much about the predictive power of dem patterns, but can say for sure that fine tuning the back levels by finding boundaries of these patterns is a good idea; 2) Simply monitoring the action on higher resolutions gives information about what's happening around your levels of interest. Everything explained in "Current resolution" can be applied there. You may come up with more uses. The main part is to understand what higher resolutions are: less data in greater detail. Now how would you leverage this info?
CME_MINI:ES1!Education
by gorx1
Lower resolutionMore data on lower resolutions, smth that others call higher timeframes. Low res waves While being on a given resolution, the lower resolutions are mostly used to understand the trends within the overall fractal. In general, you want to trade along with the strong low res wave, and don't trade against an exhausted low res wave. While being on given resolution, you're interested in all the lower resolutions, not only in the first adjacent one. So if you operate on 1H charts, you also need to consider 6H, 1D, 1W etc, not only 6H. For example, imagine being in a strong up trend on 1W chart. It won't go 4 ever. There's no exhaustion in 1M wave. But here we go, and exhaustion on 1Q chart. And "suddenly", the levels on 1W chart start to position as resistances! Before that, the overall trend on 1Q surely showed some weaknesses, but there was no evident evidence. This kind of info could've been only gained from more data. Low res levels Now that's really interesting. As I mentioned somewhere before, while being on any resolution, ALL the levels from ALL the lower resolutions should be monitored. That's why people say that it's harder to trade on lower timeframes (higher resolutions), simply because they don't know that simple fact I just mentioned. They see a reversal "in the air", but, as you already know, there's always a level. So, a level from 1Y chart does matter on 1 minute chart. Yes, it does. How? The action around low res levels are somewhat common with the action around option strikes. In a sense, it's a microstructural phenomena as well. Without further analysis, what you know 4 sure is that low res levels might produce reactions, even if a level is from 1Y chart and you are on 1 sec chart. In general, they allow rapid price moves to come through, and produce reactions when prices approach these levels in normal way. Why? As you know, it becomes cheap/expensive PAST the level, never before. Now imagine price comes to a level in a usual manner, or even slower. Chances for a deep dive past the levels are low. What you do? You scale in closer to the level. And now imagine price flying fast. It'll make sense to scale in deeper with a bigger size, to get better prices, to reduce risks. Why not if the market activity allows it? It's a 1H chart on the screen there, and the yellow level is a support from 1W chart. Take a look how the 1H action unfolds around that level.
CME_MINI:ES1!Education
by gorx1
Microstructural phenomenons: pre-testOn the chart, Oct '94 is a pre-test of 92.26 I'm not sure it's a good example here, but it'll suffice to explain this easy concept. Again, it's not the system's behavior principle, the reason of this microstructural phenomenon is all of us. Forgot to mention before... There's no such thing as, "A new wave started after "almost" hitting a level". NO. In 100% cases, a level should always be touched. because cheap/expansive is always 1 tick past the level, the main responsive activity will be concentrated after the level, never before. However, some of us sometimes gets a lil heavy handed in scaling in/scaling out of the previously acquired position. That's why prices start to react (sometimes quite strong) in front of the level. The main things to learn from here: 1) Pre-tests are not the systemic events, if you're responding at a level / a lil deeper past the level, nothing had changed for you at this points; 2) If you started to scale in before the level and got caught in a pre-test, just simply close your position with whatever revenue this pre-test offers a lil bit later and start scaling in again like nothing happened; Caution: pre-tests are also a part of the recorded market activity as everything else, during which the things may change or may not change. Pre-tests should be taken out of the context and be processed as independent entities.
GEducation
by gorx1
Microstructural phenomenons: option strikesThere's no such thing as round levels , instead: 1) You open the option chain of given vehicle; 2) You notice the step between the strikes that have significantly higher volume/OI than the other ones; 3) for example on ES dem would be xx50.00 and xx00.00; Without further analytics of the option chain, the very general rule is that these levels usually stop & repel the sharp jumps in prices, and allow the average activity to pass through em with a little stuck around em. Again the reason is microstructural, some of are hedging current & anticipated option positions on good prices. Usually market allows to do it right after economic releases. About the example, if you have any platform that offers a liquidity heatmap, try to find that reversal on ES & correlated assets, that moment in time that I market with a circle, you might be surprised.
CME_MINI:ES1!Education
by gorx1
Microstructural phenomenons: re-positioning 4 real, levels can't be re-positioned, but there's a lil detail. As explained in "Real levels: positioning and clearing", positioned levels can't switch direction, ie once a level was positioned as support it can't become a resistance, once a level was positioned as resistance it can't become a support. A positioned level can only be cleared with time, price or volume. However, there are things that do exist and not based on the ways of the system behavior, but rather on some lil details how the sub-systems and the super-system work. Aye aye, easy, a level can switch directing for a very specific and short period of time, but not due to the principles of how things work, rather by a microstructural reasons. The reason is all of us & common sense. When we scale in near a positioned level, but shortly after it becomes obvious with evidence that a level was consumed/cleared (ie there's no more level anymore), in most occasions there's no reason to take a loss right away, it makes sense to try scaling out at around break-even. 1879 was positioned as support in the end of march 2022, the same time 1788 was discovered as a back level of 1879. Point 1: we enter @ ~ the level; Point 2: the level gets definitely proved as a cleared one; Point 3: we leave at break-even, concentrating the liquidity around 1879 (~ when we've entered); Point 4: we see the result, a pop. If we would've dropped much deeper than 1788 (technically said, if we would've contacted another deeper level), that phenomenon would've never occurred (there would've been no1 to scale out at breakeven).
COMEX:GC1!Education
by gorx1
Real levels: pivot highs & lowsThis is the main method of locating the levels that is used everywhere, it's robust & general. Instead of using the actual volumes we infer volumes from prices, the prices that include all the information about everything, prices that consider all the correlated volume. I think many may know how to find these levels, these are simply pivot highs & lows (aka PHLs). But aside of understanding the positioning and clearing, the trick is to choose the right resolution. Btw, an obvious thing I haven't mentioned before: the levels are located, positioned and cleared on the same resolution. Only this way. So, about choosing the correct resolution, basically you need the lowest resolution possible where a level origin (a PHL) can be found: 1) Choose a unique color for every resolution, start with the lowest resolution possible, like 1Y chart, mark all the positioned levels there, optionally mark the back levels as well, and maybe non-positioned level as well with a dash line. Now repeat the process on every resolution until you hit your target resolution. So if you decide to stop at 1D chart, you'll need to consider 1Y, 1Q, 1M, 1W and ofc 1D resolutions; 2) Don't forget to periodically check and delete the cleared levels. To be efficient you need to develop a habit of scrolling through all the resolutions you use when you have a question about what's happening. Clearing by volume with PHLs happens this way: 1) We consider volume to be uniformly distributed along the bar, so at every price inside each bar there's N volume; 2) Consequently, we can simply count the number of bars during positioning, and add 1 to it (PHL is always one bar by definition); 3) Then we count the number of bars during testing, when this number becomes equal to the number of bars during positioning plus one, the level is considered cleared. On the chart you see I got (almost xd) all the positioned levels from 1M in red, yellow from 1W and gray from 1D. Live Long and Prosper
CME_MINI:ES1!
by gorx1
3
Real levels: pivot volume modesA fully serious disclaimer from the beginning: every analysis based on volumes is very unstable and unreliable on most of the assets, hence this way of locating levels is very specific and should be used with care. It can be used if: 1) you trade an asset that concentrates most of the volume (+80%) of all its "correlees", maybe traded only on one exchange, doesn't have liquid option market and OTC volume is not there. Examples are "standalone" stocks that are not part of any indexes, don't correlate with anything & and traded only on on exchange; 2) you trade all correlees together. Example: you trade both Crude and Brent futures, monitoring several active expiration, not only the front contract. Another example: you trade Gold & monitor the ETFs. Or you trade all the bond futures together (with EU as well). So, if you trade ES futures looking at volumes, and unless you also monitor SPY, NQ futures, QQQ, all the sector ETFs, individual leading stocks like AMZN & APPL etc etc, all the option markets, darkpools & OTC trades. Unless you trade all of em together (prolly at least 100 assets), you need a reality check in terms of relying on volumes. Not gonna talk a lot about these PVM levels, but anyways: 1) Instead of bar chart you use a footprint/clusters/whatever you call it, and locate volume modes of every bar; 2) A mode that is lower than the previous one and lower than the next one is a level; 3) A mode that is higher than the previous one and higher than the next one is a level; 4) Positioning happens as explained in "Real levels: positioning and clearing"; 5) Clearing by volume happens this way: first you need to check the amount of volume that was built at the level since it's origin till the end of positioning. Second, you monitor how much volume builds at the level during the tests. When second volume exceeds first volume, the level is considered cleared by volume.
COMEX:GC1!
by gorx1
2
Real levels: positioning and clearingFrom where the levels originate & about the proper resolutions we'll discuss later. Soz again for the order xD, but I decided to do that in order to highlight 2 of the most important concepts most people seem to miss for centuries. A level can not be broken, switch direction or suddenly stop working. A level: 1) Can be positioned first as support / resistance; 2) Then it will be cleared. Positioning After a level finishes it's formation (it's origin becomes well defined and confirmed), regardless of it's type, at this point of time this level is just a level, it's only a potential support/resistance or supply/demand, whatever you call it. In order to become a confirmed support/resistance, a level must be positioned . In other words, a level becomes supply & demand only after its positioning is over, until that it's only a potential supply/demand. So: Price comes back to the not yet positioned level for the first time. The first bar that touches a level initiates positioning, which ends with the first bar that doesn't touch the level (a free bar). One free bar above the level means your level just got positioned as supply/support. One free bar below the level means your level just got positioned as resistance/demand. A positioned level has two prices: front and back. If it's a supply level, the front level will be the original level, the back level will be the lowest low of all the bars participated in positioning. If it's a demand level, the front level will be the original level, the back level will be the highest high of all the bars participated in positioning. All the pictures show literally the same - positioning of levels as supports/resistances. Dash lines are level themselves, which will become front levels after positioning, dot lines are theirs back levels. Circles are the hypothetical origins of the levels. Case 1: after completion of the 5th bar the level got positioned as demand, high of the 2nd bar is the back level. Case 2: after completion of the 3rd bar the level got positioned as supply, low of the 2nd bar is the back level. Process the other cases yourself just to get a feel. Clearing After a level got positioned, later it might be tested or not, regardless, eventually it will be cleared either by: 1) Time. Can be elaborated further, but as an "ok" general rule, when the distance in bars between the level's origin and the current bar is higher than 256 bars, almost surely the level has expired some time ago; 2) Price. When price tests the positioned level deep and touches the back level, or a new free bar forms past the front level. Chances the level got cleared; 3) Volume. Depends on the type of a level, gonna explain later. In essence, clearing of a level means removing the responsive activity from it: limit orders, MIT orders etc.
COMEX:GC1!
by gorx1