Get started

Technical

💁‍♂️ ETHUSDT / 12H HI Everyone 🙂 As you can see, the current price is $1622. Considering that the price has been revised from the range of $1680. The desired support area can be considered $1550/$1500. It is very important to maintain the support area of $1550/$1500 to continue the positive trend. If the desired area is not supported. This scenario will no longer be valid.💹 THE Resistances Are... $1680/$1750/$1790/$1870/$1950/$2000❗❗❗ (DYOR)🌟 what do you think about ETH?? if you like my analysis please like & comment ✌🙏
by SasanSeifi
XAUUSD potential movement and entry1) NEWS TO NOTE: THE FEDERAL RESERVE AND THE BANK OF ENGLAND INCREASED INTEREST RATES BY 0.75% EACH WHICH STRENGTHENED USD AND GBP WHICH IS BAD NEWS FOR GOLD. JEROME POWELL (CHAIRMAN OF FEDERAL RESERVE GAVE A VERY HAWKISH SPEECH A COUPLE DAYS AGO IN WHICH HE AFFIRMED THAT INTEREST RATES WILL BE RISING WHICH ALSO STRENGTHENED USD) TODAY (FRIDAY 4TH) US NONFARM PAYROLLS CAME OUT WITH BETTER THEN EXPECTED DATA ABOUT US EMPLOYMENT MORE EMPLOYMENT →MORE PEOPLE IN ECONOMY →MORE MONEY IN CIRCULATION →MORE INFLATION → MORE REASON FOR FED TO INCREASE INTEREST RATES → STRONGER USD → WEAKER XAUUSD 2) UPCOMING NEWS TO NOTE: THURSDAY 10TH NOVEMBER CPI (upcoming September US inflation report) →THIS WILL EFFECT GOLD BECAUSE IT EFFECTS USD Stubborn readings could translate into sustained elevation in Feds rate hike odds (sustained higher interest rates). While this would be good news for the US Dollar, it will likely be bad news for US stocks and gold prices. 3) TECHNICAL ANALYSIS I expect the price to have a short drawback towards the primary resistance line, however, the primary resistance line (top resistance line) is unlikely to be tested (touched by price) due to the bullish momentum of gold. Then I expect gold to continue on its uptrend. If the primary resistance line is tested, it would be an excellent entry with a risk to reward of 1:2. If it is not tested, i wouldn't advise a buy order, unless there is candle patterns and chart patterns which suggest a strong bullish momentum (for example a engulfing candle or a 3.82 candle or a close above candle. In the past couple of days there has been higher lows and higher highs however this is only intraday, and over a bigger time-frame gold is bearish. Notes: PlEASE GIVE ME FEEDBACK I WOULD APPRECIATE IT SO MUCH TRADE WITH CAUTION HAVE A GOOD DAY THANKS SNIPER
FXOPEN:XAUUSD
by haadimilli
2
3 potential outcomesHey Dogers! Gaps need to be closed between 12 and 6 cents If we don't dip into the blue box to close those gaps now, we will likely break 16 cents on the climb to ~20 cents at the 0.5 FIB before falling down Bull: extend to 20 cents, pull back to 16, extend to ~32 and beyond? Balanced: Consolidate around 8-9 cents (bottom of the blue box) meaning ups n downs with lower highs around 14 and higher lows in the 6-7 cent range Bear: Drop to test 4.9, pull back to ~11, fall down to ~0.1 0.2 I think the bull case is most likely in the short term, lasting to the end of the year. We are coming off a multi month bear side, we should see a few weeks of consolidation before more volatility.
by pokp
2
Educational Series: Trading with Bollinger Bands (Part 3)The last feature of the Bollinger Band involves a slight addition to the standard indicator. Another set of Bollinger Band is added, but this time, a 0.75 standard deviation is used (instead of the 2 standard deviations). The 0.75 standard deviations Bollinger Band is indicated by the black lines. Now, look at the space between the 2 standard deviations and 0.75 standard deviations Bollinger Band. This is indicated by the white space. When price trades within the white space, I'd call it the Bollinger Trend. What you should notice is that - When the price trades within the white space, it enters into a trending scenario. - A dynamic channel is formed, with the Bollinger Bands providing the diagonal support/resistance levels. - When the price breaks through the 0.75 standard deviation Bollinger Band and moves towards the moving average, the trend ceases. The Bollinger Trend is not easy to use UNLESS - You pair it with key support/ resistance level - Apply this only to the H1 or H4 timeframe - Deploy a trailing Stop Loss, BUT Take Profit must be fixed
OANDA:XAUUSDEducation
by JinDao_Tai
1
Educational Series: Trading with Bollinger Bands (Part 2)The Bollinger Reversal is my absolute favorite and most valuable perspective of the Bollinger Bands. Have you ever - seen the price move strongly in a direction, but the moment you get into a trade, the price reverses almost immediately? or - held on to a profitable trade, hoping to hit a take-profit level, only to see your profits whittle away as the price reverses. The Bollinger Band can help prevent 1) FOMO leading to Late Entry and 2) Greed leading to Late Exit Look at the yellow spots on the charts - The spots indicate when the price had traded outside of the 2std deviation of the Bollinger Band (either the lower or the upper bound). - When the price trades outside of the Bollinger Band, two things are highly likely to happen : 1) the price reverses back before the current candle loses , leading to possibly the development of a pin bar (which usually signals a strong reversal candlestick pattern). 2) the price closes outside of the Bollinger Band and the subsequent candle is a strong retracement , back toward the Moving Average and possibly a stronger reversal. The Bollinger Reversal can be applied to ANY timeframe (M1 through to D1) When the price is outside of the Bollinger Band, you should choose to avoid entering a trade , as the price is likely to reverse. And if you are currently in a trade, and the price has broken out of the Bollinger Band, you might want to consider securing the profit . However, some more aggressive traders could even choose to trade the short-term reversal. Remember.... - This is a technical indicator. You shouldn't use technical indicators solely. - Combine it with other forms of analysis, Price Action, Fundamental Analysis, Sentiment, and Other types of indicators. The more confluences you can have, the more confidence you will have
Education
by JinDao_Tai
20 Reason for long GBPUSD1 Structure analysis time frame h4 2 target base: daily High 3 Current Move impulse 4 Entry Time Frame: h4 4.1 Entry TF Structure: bullish 4.2 entry move: bullish impulse 5 Support resistance base: fair value gap filled 6 FIB: shallow retracement 7 candle Pattern: bull momentum 8 Chart Pattern: falling wedge 9 Volume: Average 10 Momentum UNCONVENTIONAL Rsi: bullish above 60 11 Volatility measure Bollinger bands: support at middle bands 12 strength ADX: bullish 13 Sentiment ROC: bull at current time frame 14 Final Comment: buy 15: decision long 16 Entry: right now 17 Stop losel: 1.1495 18 Take profit: 1.2195 19 Risk to reward Ratio: 1:10 Excepted Duration: 10 days
Long
by Optimum369
¡Only the begining, stay alert!Hello trader comunity! We are seeing that the markets want to change their trend. More especifically the people thats is behind the computers wants to make gtains after two trimesters in loss. In the other hand, the DXY is fatally crushing after reach the level of 114 and we are seeing lower highs as the index cling to supports. The pair USDJPY after reach the level of 152 gets a reaction from the bears of the pair and then found support in the level of 147 (ema 21). Next week we have de interest rate decision of the Bank of Japan, event that could bring volatily to the pair. But what we must see is how the DXY start the week, anf if it continuos dropping behind 112 ( acting as resistance), we expect a recover from the US500, pairs against the dolar, and the crypto market. This is not a financial advice, good trades and profits!
by CRYPTONIA5
DXY/BTC inverse relationship holding In recent time an inverse relationship has emerged with BTC and DXY Previously there were spikes that had inverse relationships between DXY and BTC (2018 and 2020) but since November last year there has been a solid inverse relationship that has been sustained the inverse pattern quite consistently. ** Disclaimer** I'm a novice trader working to put my thoughts out there to see how they stack up against the market - please feel free to share/comment on my studies - please don't use this chart as financial advice Normally when I see blood in the water any morning I look at DXY movement and comfortably I can see that if DXY has moved several dollars up, BTC general takes a nose dive, and with that all other coins that are directly influenced by BTC (which is all of them) follow suite. It's unclear what drove the link between these two financial mechanisms but for the time being I monitor DXY against BTC to help manage my expectations and activity of crypto. I suspect people bail on BTC when DXY is up to flip into forex positions that may seem more lucrative. I may try to see if maybe USDC or USDT gain value from DXY in the future also. That being said it's hard to pinpoint WHY specifically these two are now directly inversely linked in a sustained manner. It could also be just be strawman correlation while the fiat and crypto market consolidate the global financial situation, however its worth monitoring. I will track these inverse relationship over time to see if at any point there is a decoupling or a strengthening of influence between these two indicators.
BITSTAMP:BTCUSD
by Cryptoslothx
APE Coin potential dump into rally** Disclaimer** I'm a novice trader working to put my thoughts out there to see how the stack up against the market - please feel free to share/comment on my thoughts - please don't use this chart as financial advice At this point, though, $APE coin sits in a precarious symmetrical triangle and has progressed quite deeply into it. It would suggest that APE is preparing for a move downward, and the predicted bottom price is ~$3. As my chart indicates, it has rejected its ATL resistance line three times. There could be a good reason for this leading to longer-term holders and speculative investors buying the coin when it hits its bottom. For the time being, I would wait to see how the coin stacks up in its triangle. Considerations and Fundamentals; $APE coin is a coin I've been following closely. As an artist with his own NFT collections, I enjoy looking at what influences the NFT market and how NFTS interacts with coins. For those that are not aware, NFTS, in theory, are deployed as tokens (same as coins) against a smart contract; however, their operability is adjusted slightly within the contract to do things like display an image. Many are unaware that the tokens, rather than ERC-20, are an ERC-721 standard, which is a convoluted way of stating that NFTs are non-devisable and non-fungible. $APE coin is a relatively controversial coin. Most view it as a scam driven by a bunch of Crypto Bros who hit it big with their Bored Ape Yacht Club offering, which rocketed to price heights a year after release. I have no idea why that token, in particular, did so well. Regardless, it has enabled Yuga Labs (the brain trust of BAYC) to absorb voluminous amounts of money to invest in other projects. Projects such as Meebits, Cryptopunks (an OG NFT - close to 5 years old), and establish "Otherside", an upcoming metaverse game I'm interested in and want to play. Two significant points of interest have had me bullish on $APE coin for much of this environment. Firstly, Otherside (the game) will utilise $APE coin as the mainstay currency. At this point, there is not enough information about the coin's utility in the universe or if people can potentially earn $APE coin through game mechanics; what it suggests is a future currency demand. Beyond that, a staking mechanism has been on the cards for some time. The $APE Coin DAO voted and passed the concept six months ago. Company Horizen has been the key partner in establishing and delivering this mechanism. In a very lazy, low-key twitter post - the test net version of the staking mechanism has been released for public testing. The mainnet version is due "soon" - but was initially earmarked for the 31st of October - most are currently assuming with little comms that the date may be pushed back - some speculating even into December. The short of the long is that this mechanism will allow Bored Ape collectors to stake their NFT within a pool for returns; however, there is a premium to stake your NFT. Two thousand odd Ape coins are required PER staked NFT. A prompt that will contribute to demand on the circulating supply of the coin further. With only 300m of the total supply in circulation and a good chunk of the coin being held by exchanges and early holders, I can see some short-term rallies coming. At this point it would be safe to remain out of APE coin - but do note there are points of interest for the large community invested in the ecosystem to soak up the circulating supply coming in the future, so it may be a coin to watch.
COINBASE:APEUSD
by Cryptoslothx
2
Market going down? What do you thinkDISCLAIMER: I DO NOT GIVE SOLICITATION TO BUY OR SHORT Seems like market is continue its down trend based on pattern. What do you think ? OCTOBER 21 , 2022 I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at. So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
NASDAQ:AMZN
by Composed_Trader