Get started

Resistence

FOREX MARKET MANIPULATION - BIG BANKS🎡 FOREX MARKET MANIPULATION 👾 What is the first thing you learned when you started your journey in the forex market? I will answer for the majority, Support/Resistance, trendlines, chart patterns and etc Have you ever asked yourself why is it so common? When we are introduced to the foreign exchange, we are thrown in a deep ocean with a lot of sharks. Unfortunately for most of us, get eaten alive by these sharks. We are thrown in the ocean without any clear context or a clear understanding of who is in charge behind the scene. It is very easy to get lost in this deep ocean if you don't know where you are swimming to. You may be diving right into a trap that the sharks intentionally made.. You won't even notice that you are lost.. the ocean is that deep. Now ask yourself, do you think (you) as a (swimmer) in the ocean have more knowledge than the sharks that had been in the ocean before you came? As crazy as it sounds, many traders believe they do and this confidence leads them to bad decisions. New Trader Journey Timeline = "Searches on the web" ---> "gets greeted with" ---> "learns a strategy" ---> "strategy fails" ---> ---> "looks around" ---> "learns a new strategy" ---> "strategy fails" Sharks/Devils Timeline = "Distribute false knowledge" ---> "give a false sense of hope" ---> "plant the trap" ---> "show the chart patterns" ---> "Trader left confused." Retail Trader Development (I want to trade) --->(Give me a strategy) ---> (It doesn't work) Pro Trader Development (I want to trade) --->(This is how the market behaves) ---> (This is how we will exploit it) ---> (I'm improving) It's 90% mentality when it comes to trading the market. You don't make the big moves, the banks do. You have no control over any move, the banks do. You are in no position to move the market by any means, banks do. You are taught this basic information intentionally, by the devils. You are falling into the traps of the sharks, they show you the patterns you are taught. You are trading at any set time, you have no real strike time. Once you understand that (You) are in no control of this market, you will start to think differently in many ways and build an anti-devil strategy. As much as it is important finding the right entry, it is also crucial to find the right tike to strike. Stop looking at other traders, because I guarantee you they are also a victim.. Focus on you.
OANDA:XAUUSDEducation
by FlyDownX
2
Bitcoin Traders Beware!, Buyers Will win this War(Short Squeeze)Like And Subscribe(😊 Thanks in advance) Why do Support and Resistance hold but sometimes break forcefully? you may ask after bitcoin recent price actions. I am sincerely more than happy😳 to welcome our new subscribers. My analysis are always multi-timeframes, so please do expect a full week play out of my predictions. as a result of my busy hectic schedules, I will be making only weekly analysis every weekends on what to expect from the market through out the new week before a new weekend. I will do my best to try to constantly update the posts during the week, to keep you updated incase we have any sudden incoming changes in price action that could affect our results. Thanks for your constant supports and understanding. It is crazy to know that the bull(buyer) and the bear(seller) can be same trader at any point in time in the market, and sometimes even confused of what she/he should be doing, buying or selling. To answer the above question, first I will start by explaining what Resistance and Support truly is in the most simplest way that I can, for the sake of new born traders reading along. what then is Support And Resistance? For Support; The simplest definition I can gave you is that , a Support is simply an invincible form of form(🛏)made floor area on the chart where price somehow bounces off from, this invincible floor prevents price from going farther down when falling from a higher price range as a result of coming in contact with an invincible barrier called resistance. Ones price comes close to the support, here it manages to find a way to bounce back to the upside after being pushed down(sold off) by sellers in the market. this support are build or formed by unusual huge number of buyers(when you have huge number of traders willing to buy at a particular price range on the chart) . To better understand how a support works, I will like you to see this support built floor by the buyers as a form 🛌 floor because it is breakable and can be sliced to the worst piece with no remorse when the sellers are huge in numbers. Here is my lil secret for trading supports (secret source😉): *See support as an area on the chart and not a line because, it is likely price breaks the line only to find buyers below your line. * Whenever price gets closer to support, start by focusing more on the candle formations even before it comes in contact with it. If any candlestick pierces the support with a full grown body, this will most likely mean that price could go down lower more if the next two to three candles doesn't give bulls(buyers) a bounce above the support area( the last swing low that was broken). It will likely seek the next support below for assistance of a bounce(price is looking for more buyers) * If price gets to the support and starts to go side ways, then bounce strongly with strong reversal candle stick pattern, don't jump the gun yet, wait for price to come back to confirm by forming higher low on the support, to prove the buy power on the support, price always retest a support before taking off from it(if it finds large enough strong buyers, it will make a higher stronger bounce before it even touch the support on the retest, this therefore leads to a higher low as a result of too many traders watching that support and are racing each other on the buy zone , when more buyers see this they will also jump in because now they know that the support is likely to HOLD. *The more a support is hit 🧐,the more lower the strength of the bounce grows, the more likely price will break below it. to trade, start by watching the candle sticks forming on the area of support. This simply means that, hitting the support countlessly times leads to it breaking because it is likely that soon one candle will break the support. too much sideways on support will lead to its break or pierce also. * Support holds, but the can also sometimes easily break as well. When supports are broken they automatically turn to new resistance.this simply means that the buyers house is now having now owners(sellers), if you understand this particular tip, it easily explains why supports got broken in the first place because the buyers at home were to small in number to defend the house so sellers killed them all🤣(bull hunt) and took over the ownership of the support there by turning it into their now home(resistance), *Horizontal support areas are the strongest while the slanting trendline buyers are weak and more prone to break easily. What is Resistance ? Resistance is simply an invincible Form🛌made barrier area where price comes in contact with then starts to drop, this invincible barrier prevents price from moving upward any further, next this barrier pushes price down(sometimes even after price successfully pushes above these barriers they some how manage to get the bulls tail and drag them back down, this is also know as fake out by price action traders. just like the buyers support, these resisitance areas built by sellers can be sliced to pieces if the buyers are huge in number and out number the sellers, the barrier will be 😱 destroyed 💸 with out remorse! Here is my lil Resistance secret source😉: here everything is just the opposite of my tip for support. * when price starts to gets closer to the resistance, start focusing more on the candlestick formations even before it comes in contact. if any candlestick pierce the resistance with a full grown body(make sure the candle that follows doesn't close below the resistance, it will likely go down below more if the next two to three candles doesn't give bulls(buyers) a follow through, above the that resistance area that was broken. It is most likely, price will seek to retest that resistance if it succeed in breaking through the form barriers. buyers will allow price to comeback to the top of the barrier, here they will take time to reenforce and also make sure the barrier is turned into a new support( new home owners). The current bitcoin price is in a buy support area. in my last analysis, the vertical support line was broken and price went below it to 28900 zone still within the horizontal support area, we saw price seeking stronger buyers zone on the support . I still remain bullish o! as I believe a short squeeze is coming, and can still see a strong bull bounce before the major retest of the last breakout of 12k resistance as a result of the weekly chart. this new week coming we are likely seeing a reaction buy from the pullback. if buyers successfully holds the 32k support and get a bounce, their first target will be 37k resistance and if they succeed to break the edge at 39k of that barrier then 46k to 60k range will be their next target before a major big dump of over 40% drop will occur in my opinion. but what if sellers break the support area as a result of countless touch? Trading is a game of probability so yes the chances of that happening exist . though the first option has higher chances of playing out, if the second do play out instead, here is what to expect then we will see this play out.
Education
by MachiavelliTrader
14
Tutorial on selecting your Price TargetR - Stands for Resistance 1, Resistance 2, Resistance 3 S - Stands for Support 1, Support 2, Support 3 P - Stands for Pivot Point One resistance level may be tomorrow's support. An easy way while initially learning is from analysts reports. I prefer to use pivot points based off TF's I anticipate tying up buying power in the trade. I.e. I5m-1hr Intraday Daily TF 1-4 days Weekly TF 4-14 days If you are not using pivot points, they are very easy to use on TradingView and will help have more success when selecting entries, stops, and targets.
NYSE:LMTEducation
by ZenMode
3
💁🏻‍♀️The resistance and support lines🤷🏻‍♀️ Hi, guys! 👋🏻👋🏻👋🏻We continue introduce newcomers with technical analysis and repeat the TA with “oldones”. 😆😆😆 🙌🏻Today we’ll talk about support and resistance levels. Let's go💪🏻 The resistance and support lines are the foundation of the classic technical analysis. All trend lines, models and figures are just combinations of resistance and support lines. A resistance line connects important market highs. It occurs at a time when customers are either no longer able or unwilling to buy at higher prices. Simultaneously with each ascending movement of the price, resistance of sellers increases and sales increase, which also puts descending pressure on the price. The upward trend stops and, as it were, rests on an invisible ceiling, which it cannot penetrate at the moment. If the bulls gather their strength or the bears weaken their grip, then the price is likely to break through the previously established resistance level. Otherwise, the reverse price movement (the so-called "rollback") is inevitable. The support line connects important lows (bottoms, soles) of the market. The emergence and existence of support lines is exactly the opposite of resistance lines. Here the “bulls” change places with the “bears”. Sellers are active players in the market who push the price down, while buyers are the defending side. The more active sellers are and the more passive buyers, the higher the likelihood that the level of the support line will be broken and the price will go further down. The lines of resistance are always above, the lines of support are below. If both the resistance line and the support line are strong and hold long enough, then depending on their combination, various images and associations arise, which give the name to trending models and figures. It should be noted that it is better to draw support / resistance lines on the charts through the zones of price accumulation, and not through maximum emissions. A massive accumulation of prices shows the behavior of the determining mass of traders, and emissions are just the panic actions of the weakest market participants. It should also be noted that the values of the levels are stored in the memory of traders and if some time when some events occurred when approaching a certain level, then the next time when approaching the same level there is a high probability that the trader will perform actions in that direction, where the price was moving the previous time. The more times a trend encounters its resistance or support, being unable to overcome them, the stronger signal about the weakness of the trend we receive, and the greater the likelihood of a reversal in the future. Often resistance changes places with support, and support changes with resistance. It's all about psychological factor. I hope you were interested and learned something new 😸, are U?🤔 Subscribe and put me like💋💋💋 Stay in touch⭐ Your Rocket Bomb🚀💣 My previous idea👇🏻👇🏻👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
9
Support and Resistance Levels with auto Fibonacci Setup TutorialIdentify horizontal support and resistance lines using your choice of 6 methods. Available options Lookback window: Number of bars back to consider in calculations Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4 so 8 lines due to pine limitations. I can post separate scripts for each method that allow more depending on user feedback) Use Custom Time Frame? (M1, M6, M5 only work if viewing lower TF): Set a custom timeframe in minutes, then 1D for daily, 3D for 3 daily etc. Calculation offset: How many of the most recent bars to ignore in the calculations. Update Frequency: How many bars to wait until updating the lines since the last update. Things to tweak. I still need to test the methods, depending on that and feedback I can post separate scripts for each method that allow more depending lines or scrap some. I'll tweak the parameters for using linebreaks to scrap them. Currently required a three close through it (so two in one direction and one in the other). Fibs don't work on the static timeframe as I've reached certain restriction in the coding system. Link to Indicator Below are some examples using the default settings (which I have not optimized as of yet) Method 1 Method 2 Method 3 Method 4 Method 5 Method 6 Referral Links Bitmex 10% fee discount for 6 months www.bitmex.com TradingView (50% off after trial period ends) tradingview.go2cloud.org Tip Jar BTC: 1FgEeDDMF7QKydQPJVCDjp7ypjREp8XG6c LTC: LM9KsXz7GUxCN9g9EjTC8ayviDEmBK14rw
BITFINEX:EOSUSDEducation
by SemiQuant
25
Volume Profile - Fixed Range/Session Volume/Visible RangeVolume Profile (The explanation here is extremely detailed. The actual use I explain is the second bottom half) 1. Introduction 2. Use Options 3. Terminology 4. Example 5. Conclusion 1. Introduction The Volume Profile is an extremely useful tool that can give you an expanded view of actual price pressure if you struggle to find support levels. There are a number of strategies the Volume Profile was designed to be used for, but I have found over the years most of it is useless in Crypto or it can be found with better methods. I will cover what I use it for in this educational piece. Most traders use the default Volume indicator that measures Volume based on time instead of price levels. While this is semi useful, I remove that on all of my charts and use Volume Studies that are based on price levels for a more accurate view. The Volume Profile can be found in the indicators section on TradingView shown in the link below. imgur.com As a note, I do change my settings depending on how I am using this indicator. I do enable Show Values, so I may see a detailed look at actual numbers. Also, I do change the amount of rows (Row Size) depending on how detailed of a look I need for the current situation. For the most part, I disable the P.O.C., Developing P.O.C., and Developing VA. I have found these features to clutter what I am looking at and not provide me with any kind of accurate or useful information. Some traders will disagree, but in reality they are just added features that rarely apply to crypto trading as a strategy. However, there may be times when they are useful and there is actual strategies that can be used, but I will not cover them because it will waste everyone's time. 2. There are 3 different ways to use it: Fixed Range- This is used for a set number of candles. Upon clicking this, you then select the area you would like to study. This is extremely useful when studying past fractals and how they would apply to current price action. Also, they are useful when studying how a catalyst or black swan affected the price of an asset for future theories and trading preparation. Shown below is a Fixed Range from December 10th to the 19th for Ethereum. ($415-$861) Session Volume- This measurement takes the Daily close no matter what time frame you are viewing and sets individual measurements for that 24 hours. Shown below is a the last 3 days as of this writing for Ethereum. Visible Range- This option is useful for quick views of price levels that automatically adjust as you zoom in and out of the chart. Whatever candles are visible on the chart, it shows trading Volume at those price levels. Shown below was Ethereum's last rally from $300-$1,425 and current correction. (Values have been disabled & row amount/size is set at 100) 3. Terminology Point of Control (P.O.C.) – The price level for the time period with the highest traded volume. Profile High – The highest reached price level during the specified time period. Profile Low – The lowest reached price level during the specified time period. Value Area (VA) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70%. However, it is up to the trader’s discretion. Value Area High (VAH) – The highest price level within the value area. Value Area Low (VAL) – The lowest price level within the value area.
BITFINEX:ETHUSDEducation
by Nick_Core
33
Example of a Downtrend Parallel Channel on PFFPFF formed a downtrend parallel channel. A downtrend parallel channel (bearish channel) is a continuation pattern that slopes down and is bound by an upper and lower trend line. The upper downtrend line it is called main line and marks resistance and the lower downtrend line it is called channel line and marks support. For a bearish channel, the main line extends down and at least two bounces highs are required to draw it. To draw a channel line ideally needs two bounces lows, however, some traders draw it using only one bounce low. In a bearish channel the target is to short when prices reach main line resistance and take profit when prices reach channel line support, then, wait for prices to reach resistance again and repeat.
NASDAQ:PFFEducation
by heco08
Example of an Ascending TriangleGBPAUD formed an ascending triangle. We could see a horizontal upper line (that would be a resistance) and a lower uptrend line (that would be a support). Prices moves with equal highs, and lows higher than previous. Then after a few attempts, the prices finally break through resistance. The ascending triangle is a continuation pattern. Prices come from an uptrend then prices bounce inside the triangle before breaking higher. To confirm the breakout, the price should close above the resistance line, if so, make a long. The profit target is the distance away as the back of the triangle.
Education
by heco08