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Swings

Could this be IT?! might be my most important TA so far.Ok this might get a little messy but bear with me. *pun intended* This time there's nothing too fancy, no special lines and no special indicators. Just basic supports / resistances and fibs. First of all lets go from to to bottom with fibs. In rectangle no' 1, we pull from swing high to our first pivot after the fall. as we can see, we retrace up all the way to a little more than 17k in 3 waves. We move past our golden zone which is the most likely target the a trend will correct to (our first support for a swing is the 0.5 and then the golden pocket \ golden zone). But we hold above it only for one day before falling back down exactly to our second algo target, (the red line that says -0.5 next to the green box (our first algo target was the green line that has -0.236 next to it but we clearly broke that resistance)). This indicates that we could have finished the first downtrend swing. After were done with the first swing, we pull the fib again from our last major top pivot to the pivot that reached all the way to our algo target in the last swing, this will be the fib inside rectangle no' 2. Here we can clearly see the we retraced back up all the way almost exactly to the 0.5 (red line), creating some sort of a double top and falling back down into the big triangle we all looked at this entire year while having a constant support at the green rectangle around 6k. now what does this have to do with the current price? take a look at the first algo target we have for this swing's fib. I remind you that our first algo target after we finish a trend is the -0.236 line and after that its the -0.5 line. the algo target from that fib ended up exactly were we started to possibly reverse. we got a reaction at that point for sure. Were skipping to the major fib now for a second. we need to check something over there. now lets take a look at this latest big swing that we had last year. all the way from under 1000$ to almost 20K$. We pull the fib from swing low to swing high, we can see that we broke all our supports from the 0.5 to the golden zone and even the 0.786. BUT! we see that our last chance for redemption has saved us. the fib's 0.854 to 0.887 zone. at least for now... Something I found out this year is that alot of the coin's major trends found support at that fib level. and while it did hold up and caused some kind of a new bullish trend, we are still in a bear market and all coins obey the king BTC. So not only that we got some sort of support there that created a falling wedge which is a bullish pattern, we spiked up and broke above that! now what does it has to do with the previous swing's fib we talked about? look where the previous fib's algo target is and how it aligns with the big fib we just drew? we just got supported from one major support and one algo target that could have caused a lot of trading bots to start enter the market or open longs again. but we are not fully out of danger, we will have to see if this spike can become a long trend and not just a minor correction. before I go all bullish on BITMEX:XBTUSD I want to see us break up the old trending line that acts as resistance and soon hopefully break above our old friend, the 6k resistance. If this infact cause us to start a bullish trend that will carry out like other algo trends work. we could possibly see 24K BTC in the coming future. keep in mind that we wont go straight to that target, we will have our ups and downs but that over all trend would be bullish and reach anew ATH. That's it from me today, I will watch the price closely and see what the future holds. Have an amazing day and an amazing week.
BITFINEX:BTCUSDLong
by Gustav_Z
1
The CRAZIEST Bitcoin chart you will ever seeBare with me a second while I explain this really quick. But before I do, get out your magic 8 balls, chicken bones and some dice or whatever, cause this is going to get really weird. I utilize Financial Astrology in my trading. Financial Astrology is nothing but mathematical psychology based on astronomy. Or just correlating historical price behavior to the longitudinal position of planets and observing if those things happen again over time. That's it. Financial Astrology has nothing to do with how to get that Libra to fall in love with you, a Cancer. Anyway, I was compiling my notes and I came across a part of my notes that I've never recorded. Nothing in my studies of Technical Analysis ever mentioned checking for the longitudinal position of a single planet and not with a specific degree. But I had written it down: check divisions of 36-degrees of Venus. The software I use to do this is Optuma by Market Analyst- or you could just Google these dates, too. So I put in 36-degrees of Venus and I just... it blew my mind. That's what you are seeing. I've NEVER seen such an accurate and stupidly creepy pattern in all my trading. This blew my mind and is hands down the craziest Bitcoin chart I've ever seen.
COINBASE:BTCUSD
by itsjustanalysis
9
Pitchfork Trading - Video 1Video Nr. 1 I explain the quick principals of the Pitchfork and how we use it. Parallel to the educational benefit, you get the analysis of the NQ and a good feeling, where we are in the whole big picture. If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free course: 1. Klick the link at the bottom to get to our website. 2. Register for the FREE MEMBERSHIP 3. Login and start the course Thanks for watching and if you like it, give a thumb up :) P!
CME_MINI:NQ1!Education
by Tr8dingN3rd
14
Currently, fundamentals are more important than TAPivot point: 11178. Above Pivot point, the scenario is bullish, below it is bearish. Pivot point and its support and resistance levels are strong barriers that cannot be easily overcome by the market price. Since January 17, 2018, the market price of Bitcoin is tending around Pivot Point and its swings are getting smaller and smaller. BTCUSD is heading straight to the apex of the green triangle. There is a good chance that this sideways movement will continue for a while. Currently, there is an equilibrium between Bulls and Bears. The bears still see BTCUSD lower, while the Bulls are waiting for the ascending prices in February, similar to the years before. However, is that price increase in February a general law of nature? The fundamentals speak loud and clear for a further drop of BTCUSD. Payment transaction times of up to 8 hours and high transaction fees made it obvious that Bitcoin can no longer serve as a payment coin. Micro payments are no longer attractive and transaction times of up to 8 hours make it impossible to use Bitcoin on the checkout of a supermarket. People start recognizing that Bitcoin cannot hold its promises. Therefore, users started to turn their back on Bitcoin and are watching out for alternative coins with a better performance. Yes, performance is everything when it comes to cryptocurrencies. This time, I do not expect that Bitcoin will recover from the low price. On February 1, 2018, there is the launch of Futurocoin. FTO is a specialized payment coin with cheap transaction fees. FTO can execute a payment transaction within 4 seconds. Additionally, a community of more than half a million people are at the ready for acquiring acceptance places like retail shops, retail chains, apparel, electronic shops, travel and holiday companies, car dealers, etc. We can expect that FTO will develop fast and I see it as a top five coin within two years.
COINBASE:BTCUSD
by luckyhelper
4
Bullish Pressure On BTCUSD Not Slowing DownFinally BTCUSD is at a new all time high which was expected to happen after we recognized end of a corrective set-back in middle of July. So far we can see a nice trend up confirmed by higher swing highs and higher swing lows; ideally that's an impulsive trend in progress, currently sill in red wave 3 which can see extension up to 3600/3800 area while market is above 2800. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
BITSTAMP:BTCUSD
by ew-forecast
2
USDNOK - Search, ask and you will find...I had not clue about this chart. So, I was laying back, squeezed my eyes and let it shine on me (...nope, not smoked anything hehe...). Then it comes together, peace by peace. Here's how I approach any new analysis. - Swings & Pivots - Identify the trend and the flow - some support & resistance - action/reaction & forks - patterns...as far as I can see them (...because I'm a really bad pattern trader) - fractals - anything else (...letting creativity flow) During this process, I delete the whole paintings a couple times. So this is like Zen to me and hell, I really love what I do §8-) Let's see if YOU can make something out of this. Please do me this little favor and let me know if you go long or short. P!
Education
by Tr8dingN3rd
6
BTCUSD - Bitcoin still strong after bounce at the centerlineThe Swings... ...point one to the real direction. If a LH is clearly broken, then price has a high potential to turn the direction. One could make a living from trading only by trading the swings, depending of amount of capital and skill of course...no free lunch in the markets and no holy grail. The Fork... ... measure the Action/Reaction of price movement. Since price reaches the centerline over 80%, the potential target was already reached. The parabolic move... ...indicates that price is gaining "momentum" - as far as we can use this term on the weekly timeframe. But with this tool we can see that price is heading to the upside with more and more juice. Where will price go next... ...is only in the hands of the market. It is not my intention to "predict", but to project where it possibly could go. Projections have nothing to do with the trade itself. Projections are one peace of the puzzle for higher chances of successful trading. And the trade... ...is not ripe yet for me. There is no signal, no hint, nothing - just the actual path of price and the facts I already wrote. With these in mind, I observe and watch for signal, screams and obvious behaviour. Be happy & learn to earn §8-) P!
BITSTAMP:BTCUSD
by Tr8dingN3rd
2
XAUUSD - Context!The Chart is mostly self explanatory. Here are the very important things to watch: Swings and Pivots are CLEAR identifiable. But one has to keep both in context. When it rains, it can rain drop by drop, or it can pour like hell. You can drive a care, or you can race with your car. ...see what I mean? It's all about context. To eliminate guesswork in the charts, a nice trick is to go higher in timeframes, or load much less data. If I would load only 5 years of data, instead of 10, it would be a much clearer picture what the real trend is. Please don't take this as the only truth in the world, I don't mean it like that. I just share my years of learning, knowledge and facts I have gained over time. So, it's just my framework, how I learned from the greatest Chartist I know in the world. Within many years of work, I was able to grasp what he hammered me in my head...it took a long time for me, I'm slow, but happy now ;-) Peace!
FX:XAUUSD
by Tr8dingN3rd
2
Real Swings, Pivots And About The Simplest Thing On Your Charts.Mastering the simplest thing in live ist most often the hardest one. Not because it's hard, but because it's "so simple and would-be easy". So why not master it, doing the job? It looks most often so "not worth it", that's why. But if I would tell you, that your trading would skyrocket, would you do it? Even from my students there are only 15% who religiously identify the Swings & Pivots (...in my world Pivots are the smaller swings, they have nothing to do with pivot points...). But these 15% trade with confidence. They don't hesitate to open a trade with fun. And they don't neglect to be wrong, and close a trade. They know what to expect because they have done their job... ...and the Swing & Pivot analysis. As I always preach - Learn To Earn. Peace!
Long
by Tr8dingN3rd
3
nzdjpy unified gartleyHey, traders. Here's the pattern I call "Unified Gartley". It unites the features of both Bat Pattern and a Gartley pattern. I discovered it myself doing market research. Up to 68% probability to hit 38.2 before touching X-point (depending on pair, of course) if it is used in combination with ACS-based swing identification technique. This technique is pure calculations... So, no more "looks like an impulse..." or "seems to be a correction...". Only black and white. 100 traders using it correct way will have 100 absolutely identical drawings on their charts.
Short
by Alexander_Nikitin
9
EURAUD Potential Short Signal UpdateTRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our short bias. We are still awaiting a break below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the downside with a chance prediction of 85% or higher. Currently our algorithm is predicting a slight move higher and then movement to the downside with a chance prediction of 80%, but we will continue to monitor price action and the updates from our algorithm. See the link below for an image of our algorithm's forecast for this pair. i.imgur.com If you want to receive accurate forex signals like this one check out www.Unique4xPro.com and get one FREE month of our algorithmic signals! Also follow us on all of our social media: Twitter @ Unique4xPro Snapchat @ Unique4xPro Instagram @ Unique4xPro
Short
by UnknownUnicorn261897
Riding the bullish momentum of the USDCAD - daytrade/intradayThroughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im expecting this to go higher with a target of around 1.2800 - around 80 pip profit
Long
by ppp7
Swing Trading strategy !! (A micro view on swing investing)Through out my time swing trading i have found that there are some desecrate tools and information i must look at in each equity before i make my final decision, certain criteria like Short interest , days to short , SQZMOM indicator along with a sweet chart that channels up. 1. it all starts at finviz where i search up stocks that fall under the lower priced Nasdaq equities, this is also the time i start to look for some nice setups on the chart. On the chart i mainly look for equities that are Channelling up. 2. i have filtered out the equities that don't have nice setups often charts that break the channel pattern, after this is done i start to look at the days to short on the Nasdaq short interest website. This is essential because if there was a big move down and a short share float of more than 20% it could mean that the stock is about to rebound 5-20%. it also makes the game much easier when you can now how many days those shorts have until they have to cover. 3. Once ive gone a little bit into the fundamentals and short interest i like to then look at that chart again, The indicator SQZMOM on trade view is one of my last type of analysis i do on the equity before i make a decision. As i have shown in the chart if there are 2 green momentum bars on the indicator it signals a buy entry , and once the green momentum bars start to fade it signals a Sell alert. 4. Usually i take profits at 5-10% as i have a stop loss at -5%., remember the key is to grow your account and scale it up so it might start slow. for example most people start of with a $1000 account so your first trades should be making $50 of profit as you scale it up Remember when you come into swing trading with a plan and prepared it becomes much easier to be successful in trading the equity. Its a marathon not a sprint
NYSE:ACCO
by GOVYTrader
2