Elliot Wave count on EGLD/USDOn this EW weekly count, it seems that we are in the buy zone. The 1-2, and 3-4 legs respect the EW rules and they hit the targets accordingly. The fib levels also confirm this scenario. This is a long-term play but the good part is that the longer the time interval the higher the probability of working out and of course the higher the payout.
Targets
27th JULY NIFTY Performance on My levels In 9:45am Candle we have seen the Break Down at 19820 level
After retesting the level 19820 we got an entry point that is 19800 level with the stoploss of 19820
TARGETS - 19730,19700,19660
Bonus Target - 19620
T1 Reached in 11:15am candle
T2 Reached in 1:30pm candle
T3 Reached in 2:30pm candle
After break down we got all our targets like a blast 💣💥
Are you guys satisfied with my levels or Not
please comment below 👇
How many peoples archive all these profits today
PLEASE GIVE YOUR VALUABLE COMMENTS BOUT YOUR PROFITS & LOSSES
@Jagadheesh_Jk
27th JULY Response of my levels COMMENT ME ABOUT MY LEVELS After 10:30am Candle we have seen the Break Down at 46180 level
Then entry point is 46100 level with the stoploss of 46180
TARGETS - 45940,45800,45640
T1 Reached in 11:15am candle
T2 Reached in 12:45pm candle
T3 Reached in 2:30pm candle
After break down we got all our targets fastly
Are you guys satisfied with my levels or Not
please comment below 👇
How many peoples archive all these profits today
PLEASE GIVE YOUR VALUABLE COMMENTS BOUT YOUR PROFITS & LOSSES
@Jagadheesh_Jk
Gold 1D Analysis , Bears comingHello friends.
I saw a three top pattern in 1D chart and a bearish divergence included too.
after the 3rd time price touch 2050 Resistance level , we can see in picture below ,
Buyers couldnt lead price upper and Sellers came in strongly.
So , as you can see in Zoomed Chart , we have a Bearish Engulfing pattern there and
in the main chart , we see a decrease in RSI tops but 3 tops placed in a line.
this means the Trend will weak and the price will Drop.
I think our Swing targets are 1958 (Former Bottom)
and 1933(EMA 50).
Thank you for reading my IDEA.
PLZ share me your opinion.
Have good trades.
<<< LEARN first , then Omit L & EARN >>>
ETH/USDT 4H Interval Targets and StoplossHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $1774
T2 = $1790
T3 = $1809
T4 = $1834
AND
T5 = $1864
Now let's move on to the stop loss in case the market goes down further:
SL1 = $1700
SL2 = $1656
SL3 = $1619
AND
SL4 = $1585
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an ongoing local uptrend, while the RSI has a large increase, which may give the price a rebound or a sideways trend in the coming hours.
MTL RESULT!!!BYBIT:MTLUSDT.P
Wow. this trade was everything i expected i am very proud of this outcome i took my patience and held on too watch these playa bottoms form! it was just a matter of time until i took a shot at this one and after the last spike from the 3rd through to the 6th was that sweet swing.. the volume came through and seen that double bottom forming on the 1HR and took my shot! thats all! win or lose it dont matter! im interested in the best setups. Time to reflect with my wife and find the next best trades i got my eye on. ill be sure to go through these ones tomorrow. ROAD2AMILLI
BTC/USDT 4H - Targets and StoplossHello everyone, let's take a look at the 4H BTC to USDT chart as you can see that the price has moved up from the local downtrend channel.
Let's start by setting goals for the near future that we can take into account:
T1 = $26,132
T2 = zone from $26383 to $26626
AND
T3 = $26970
Now let's move on to the stop loss in case the market goes down further:
SL1 = $25,951 to $25,655 zone
SL2 = $25413
AND
SL3 = $25,178
Looking at the CHOP indicator, we see that there is a lot of energy on the 4H interval, the MACD indicates a local uptrend, and the RSI is moving sideways around the middle of the range, which makes it difficult to clearly choose the direction of movement.
Developing a Trading Plan: 7 Key Aspects to Consider
Becoming a successful trader requires more than just simply buying and selling assets. To be consistently profitable, traders must create and stick to a well-designed trading plan. A trading plan is a detailed document that outlines a trader's approach to the market and establishes rules for each step of the trading process. The following are seven key aspects that a trading plan should include.
✅Timeframe
The timeframe determines the length of time each position will be held open. Traders can choose a long-term, medium-term, or short-term trading strategy. Long-term strategies may require holding a position for several months, while short-term strategies require closing a trade within a day, or even just a few minutes.
✅Risk Management
Risk management is the process of identifying, assessing, and prioritizing risks or uncertainties that may affect trading outcomes. A trader's risk management strategy may involve using a fixed lot size or a percentage of the account for each trade. With proper risk management, traders can reduce their losses and maximize their profits.
✅Market Conditions
Market conditions refer to whether the market is trending or ranging. A trending market is one in which prices move persistently in one direction, while a ranging market is one in which prices move sideways between a range of support and resistance levels. A trader should have different strategies for each type of market condition.
✅Choosing the Market to Trade
Traders must choose which market they want to trade, based on their trading plan, resources, and experience. Forex, stocks, commodities, and cryptocurrencies are some of the markets that traders can choose from. It is advisable to trade in markets that a trader understands and has experience in.
✅Where to Enter
Traders can use different methods to enter a trade, such as pullbacks, breakouts, or crossovers. A pullback is a temporary reversal in the direction of an asset's price movement. A breakout occurs when an asset's price moves through a support or resistance level, and a crossover is when two moving averages cross over each other.
✅Stop Loss
A stop loss is an order placed with a broker to buy or sell a security when it reaches a certain price. Traders can use percentage-based or market structure stop-losses. A market structure stop-loss is set at a support or resistance level and is based on the analysis of market structure.
✅Targets
Traders can have fixed or trailing targets. Fixed targets are predetermined profit objectives that are fixed in advance. Trailing targets are profit targets that move along with the price of the trade as it goes in the trader's favor.
In conclusion, developing a trading plan is an essential step for every trader. It allows traders to make informed decisions based on their analysis, experience, and personal risk tolerance. It's important to review and adjust the plan regularly based on market conditions and changes in personal goals and financial conditions. By adhering to a trading plan, traders can improve their chances of success in the market.
I hope this post was helpful to some of our beginner traders😊
Dear followers, let me know, what topic interests you for new educational posts?
SOL/USDT targets and stoplossHello everyone, let's look at the SOL to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $19.89
T2 = $20.40
T3 = $20.84
T4 = $21.26
AND
T5 = $21.89
Now let's move on to the stop loss in case the market goes down further:
SL1 = $19.45
SL2 = $19.07
SL3 = $18.67
AND
SL4 = $18.12
Looking at the CHOP indicator, we see that the energy is recovering, the MACD indicates the continuation of the local downtrend, while the RSI is approaching the lower limit, which in the coming hours may give the price an upward rebound.
LTC/USDT 1DInterval Targets and StoplossHello everyone, let's look at the LTC chart on the one day time frame. As we can see, the price is still above the uptrend line.
Let's start with setting targets for the near future that we can take into account:
T1 = 89,13$
T2 = 92,33$
T3 = 94,98$
T4 = 97,54$
and
T5 = 101,28$
Now let's move on to the stop loss in case of further market declines:
SL1 = 83,56$
SL2 = 80,14$
SL3 = 75,28$
and
SL4 = 69,44$
The CHOP index indicates that there is still energy for movement, the MACD indicates the uptrend is maintained, while the RSI, despite a strong rebound, still takes place for the price to go down to the previously mentioned support areas.
XRP/USDT 1DInterval Targets and StoplossHello everyone, let's look at the 1D XRP to USDT chart as you can see that the price is moving above the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 - $0.55
T2 - $0.59
AND
T3 - $0.64
Now let's move on to the stop loss in case the market goes down further:
SL1 - $0.50
SL2 - $0.48
SL3 - $0.46
SL4 - $0.44
AND
SL5 - $0.41
Looking at the CHOP indicator, we see that the energy has been used, the MACD confirms the ongoing uptrend, while the RSI is at the upper limit, which may affect the change of the trend to the downside.
BTC/USDT short-term Targets and StoplossHello everyone, let's take a look at the 4H BTC to USDT chart as you can see that the price is moving right at the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $27,112
T2 = $27,475
T3 = $27,780
AND
T4 = $28089
Now let's move on to the stop loss in case the market goes down further:
SL1 = $26,783
SL2 = $26,493
SL3 = $26,257
AND
SL4 = $26,036
Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD is on the verge of entering a local uptrend, while the RSI, after recovering, has a small increase with room for the price to go a little higher in the coming hours.
ETH/USDT 4H - Targets and StoplossHello everyone, let's look at the 4H ETH to USDT chart as you can see that the price is moving in a local sideways trend channel.
Let's start by setting goals for the near future that we can take into account:
T1 = TADAWUL:2080 - $2094
T2 = TSE:2107 - HKEX:2118
T3 = HKEX:2135
AND
T4 = TSE:2157
Now let's move on to the stop loss in case the market goes down further:
SL1 = TSE:2072
SL2 = MYX:TDM
AND
SL3 = FSE:1999
Looking at the CHOP indicator, we see that there is still a lot of energy on the 4H interval, while the MACD indicator indicates a local downtrend. We see a rebound on the RSI, but the indicator is still in the upper limit, which may deepen the correction.
BNB/USDT 1DInterval Targets and StoplossHello everyone, let's look at the 1D BNB to USDT chart as you can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $317.4
T2 = $322.8
T3 = $328.3
T4 = $336.1
AND
T5 = $346.5
Now let's move on to the stop loss in case the market goes down further:
SL1 = $305.9
SL2 = $396.1
SL3 = $282.8
AND
SL4 = $265.1
Looking at the CHOP indicator, we see that there is still a lot of energy on the 1D interval, while the MACD indicator indicates that it will remain in a downtrend. The RSI indicates that it is trying to break out of a downtrend at the top.
BTCUSD: Targeting $146,387.66 According to Volatility IndexesBVOL (Realized BTC Volatility) has a huge gap implying an eventual 758% Upside within the index while at the sametime DVOL (Implied BTC Volatility) has a Bearish 3 Line Strike which is a very Bullish Pattern implying upside in it aswell. The last time BVOL rallied by 615% it was coupled with BTC itself going up about 610%. Applying that same logic to the current price action; If BVOL goes up 758% then BTC will go up about 750% from where it was which would take us all the way up to a macro target of about $146,387.66
UNI/USDT 4HInterval Targets and StoplossHello everyone, let's look at the 4H UNI to USDT chart as you can see that the price is moving above the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $6.11
T2 = $6.25
T3 = $6.45
AND
T4 = $6.72
Now let's move on to the stop loss in case the market goes down further:
SL1 = $5.99
SL2 = $5.89
SL3 = $5.82
AND
SL4 = $5.75
Looking at the CHOP indicator, we see that there is still a lot of energy to move on the 4H interval, while the MACD indicator indicates entering a local uptrend. On the RSI, we can see an increase in the upper part of the range, despite the room for price increase, it is worth being careful.
BTCUSDT, Pump after ConsolidationCurrent Idea is based on a theory that the Asset after a long lasting consolidation is pumping at least to the range of that Consolidation.
The range is between 1 to 0 Fibo levels, expecting area to reach is at -1 Fibo, now the price is below -0.5 Fibo level, retracement may happen.
As weekly candle closed strong I would check the area around the Middle of 1W candle for potential reversal up.
PS. That's my first shared Idea, wanna check how the mechanic works.
Bitcoin Approaching Resistance Levels: Opportunities in AltcoinsAs the cryptocurrency market continues to mature, technical analysis plays a vital role in understanding the potential future trends of digital assets. Bitcoin has recently been in the spotlight due to its impressive uptrend. However, as it approaches significant resistance levels, you should consider the impact of these levels on future price movements.
In the past few weeks, Bitcoin has been on an impressive run, making it common for technical analysts to move their targets higher. However, it is important to note that Bitcoin is currently approaching significant resistance levels. Although there is no guarantee that the market will retreat from these levels, it is likely that we will see a retracement within the next 2-3 weeks, after potentially testing the $30,500-$30,800 area.
Another key aspect to keep an eye on is the dominance of Bitcoin in the cryptocurrency market. As Bitcoin approaches 50% dominance, this indicates that investing in Bitcoin instead of altcoins may not be the best course of action. For the next couple of weeks, it is expected that altcoins will offer better upside potential than Bitcoin.
It is worth mentioning that on March 10th, Bitcoin tapped the 50% support level at $19,800 and has not looked back since. This shows the resilience of the market in the face of potential downturns. Current technical indicators, particularly the wave master indicator, are displaying signs of exhaustion in Bitcoin's price movement. While there is no significant bearish divergence yet, the indicator suggests that the market may be reaching a point of saturation.
The potential for a retracement in the next 2-3 weeks, coupled with Bitcoin's dominance nearing 50%, suggests that altcoins may present better investment opportunities in the short term. As always, it is crucial to conduct thorough research and employ a disciplined approach to trading in order to navigate the volatile landscape of cryptocurrencies.