TIME
TIME : Showing volume range trendVolume seems to enter a new volume trend coming time, for this reason, we will follow this coin to check if it can get some confirmations.
Some patters depend on trend studies showing interesting views for possibility breakout possibility, for this reason we will follow this coin for confirmations.
SOL is still retracing support.Today's Solana price analysis is pessimistic.
The most resistance is found at $14.57.
At the time of writing, SOL was trading at $12.31.
Solana's price analysis for December 17, 2022, suggests that the market is completely bearish; however, Solana has achieved enormous negative momentum, indicating a decrease in the SOL market. Solana's pricing has stayed negative in recent hours. Today, the price dropped from $13.06 to $11.94. However, the market began to rise in value again soon after, since the cryptocurrency had already gained more of its value. Furthermore, Solana has surged to $12.31, barely shy of the $12.50 level.
Solana's current price is $12.31, with a trading volume of $383,744,102. Solana has been taken ill. This gives us 8.37% in the last 24 hours. Solana currently ranks at #15 with a live market cap of $4,510,324,801.
Time and Price Pivots - XRPHello traders, this chart is an exercise observing the relationship between time and price. Specifically, we are observing how past price behavior may forecast future highs and lows.
For this example I've picked XRP/USDT on MEXC since that is what I use to trade currently but this can be done on any instrument/chart and repeating this on the exchanges should yield similar results.
First let me break-down how this is constructed. If the information seems vague - I'd be happy to do a tutorial once I have enough TradingView reputation to post pictures for a tutorial to do a true break-down.
Anyway, we first start by:
Drawing a horizontal line on the range low and high.
We then draw a trendline from the low to the high and observe the angle of the line.
Regarding angles and chart scaling:
It is important to note that this process should be done with either a locked chart scale or extreme restrain of scaling time and price bars. The above example was done on a logarithmic chart. I have not tested yet to see if the results are really any difference from a locked chart. However, the important thing to grasp is that the angles are all relative to your current scale. So when you are squaring the range , as I will mention shortly, the 90 degree angle you form is relative to your current scale and if changed will be relative to that one, and so on and so forth. There is a slightly degree of inaccuracy, but I think that mostly has to do with how TradingView tools seem to "snap" regardless of magnet settings.
Continuing on:
We square the high and low of the range by forming a 90 degree angle from the trendline on the high and low.
We then find the 1/2 angle (45 degrees) and draw these as a trend line for the high and the low
Continue to divide the space between the angles this from both the high and low. A Gann fan with the 1/2 point aligned with the 45 degree line can be sufficient.
Take note of a few things:
Where angles intersect the high and low of the range.
Where angles intersect each other.
Observe what happened at these moments in time. You will notice a pattern of highs and lows forming at these moments in time. The angles provide dynamic support and resistance, whilst the intersection provide us a time when the market pivots. This can be done on any timeframe.
Now, some could argue, "If I divide my chart up a million times, then of course I'll hit highs and lows."
Yes, but I didn't. In fact we only have 20 angles or so on this chart where we can derive with accuracy these pivot points. Almost all intersections are at a high or low. I would also add that these points don't mean something HAS to happen , but these should be areas of interest where it is HIGHER probability for market to shift.
Using this data we can essentially forecast potential points time where we could expect shifts in the market - a new high or low. I have March of 2023 marked as a potential area of interest next year as we have two of our major lines intersecting then.
xauusd gold analysis second week of december 2022Hello fellow traders and gamblers,
The areas highlighted with the rectangle box are gaps which have to be filled in the upcoming months.
Upon doing research and countless hours of studying, 2023 will mark the year of recession and gold rallying to new all time highs. This is evidenced by the 2007 crash which saw gold rally to new highs by 2013. We are following the same trend which started from late 2019 prior to covid outbreak. We are getting into the 4th year and gold has yet to set a surprisingly new all time high way above 2070.
I cannot tell you which way the market will go but you can see in the chart is liquidity points which institutions and banks have bought and sold from.
Good luck!
Timing when day trading can be everythingTiming when day trading can be everything
In Stock markets typically more volatility (or price activity) occurs at market opening and closings
When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open at that time, where time becomes of more importance and key to get better trading opportunities. There are four major forex trading sessions, which are Sydney, Tokyo, London and New York sessions
Forex market is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide, but that doesn’t mean it’s always active the entire day. It may be very difficult time trying to make money when the market doesn’t move at all. The busiest times with highest trading volume occurs during the overlap of the London and New York trading sessions, because U.S. dollar (USD) and the Euro (EUR) are the two most popular currencies traded. Typically most of the trading activity for a specific currency pair will occur when the trading sessions of the individual currencies overlap. For example, Australian Dollar (AUD) and Japanese Yen (JPY) will experience a higher trading volume when both Sydney and Tokyo sessions are open
There is one influence that impacts Forex matkets and should not be forgotten : the release of the significant news and reports . When a major announcement is made regarding economic data, currency can lose or gain value within a matter of seconds
Cryptocurrency market s on the other hand remain open 24/7, even during public holidays
Until 2021, the Asian impact was so significant in Cryptocurrency markets but recent reasearch reports shows that those patterns have changed and the correlation with the U.S. trading hours is becoming a clear evolving trend.
Unlike any other market Crypto doesn’t rest on weekends, there’s a drop-off in participation and yet algorithmic trading bots and market makers (or liquidity providers) can create a high volume of activity. Never trust the weekend’ is a good thing to remind yourself
One more factor that needs to be taken into accout is Blockchain transaction fees, which are responsive to network congestion and can change dramatically from one hour to the next
In general, Cryptocurrency markets are highly volatile, which means that the price of a coin can change dramatically over a short time period in either direction
The Bottom Line
The more traders trading, the higher the trading volume, and the more active the market. The more active the market, the higher the liquidity (availability of counterparties at any given time to exit or enter a trade), hence the tighter the spreads (the difference between ask and bid price) and the less slippage (the difference between the expected fill price and the actual fill price) - in a nutshell, yield to many good trading opportunities and better order execution (a process of filling the requested buy or sell order)
The best time to trade is when the market is the most active and therefore has the largest trading volume, trading all day long will not only deplete a trader's reserves quickly, but it can burn out even the most persistent trader. Knowing when the markets are more active will give traders peace of mind, that opportunities are not slipping away when they take their eyes off the markets or need to get a few hours of sleep
You are kindly invited to check the script that helps to identify market peak hours : Day Trading Booster .
BTC analysis IS BULLISHToday's bitcoin price analysis is positive.
To $16,500, BTC/USD reversed course.
Over the previous hours, there was less selling pressure.
Today's bitcoin price analysis is positive as a result of the higher low that was recorded around $16,500 after a 24-hour retrace. BTC/USD has likely made a new bottom and is now poised to rise much further over the weekend. Another significantly lower high for the price of bitcoin was achieved at $21,500 last weekend, and this week it quickly reversed. BTC/USD began to fall sharply after previous support at $20,000 was breached, quickly reaching $18,000.
Following that, there was no recovery, which led to a fast wave lower on Wednesday. This time, a challenge of the $16,000 support led to a considerably greater reaction upward to the $18,000 level.
Over the previous 24 hours, the market experienced negative trading. Bitcoin, the market leader, fell by 4.18 percent, and Ethereum by 2.34 percent. Most of the top altcoins fell even further in the interim.
Bitcoin price movement in the previous day: Bitcoin tested the downside again. BTC/USD traded in a range of $16,543.48 to $18,054.31, showing high volatility in the previous day. While the total market capitalization fluctuated around $322.63 billion, representing a dominance of 37.92 percent, trading volume fell by 38.55 percent to $60.3 billion.
BTC looks to set a higher low on the 4-hour chart of USD/BTC
On the 4-hour chart, we can see evidence of support at the $16,500 level, suggesting that a higher low is probably going to be formed.
and another thingbeen watching this bullish cyphershark build for a while now...not to give the harmonic haterz any fuel but obviously they're not precise like your oscillators so variance in drawing (start dates and prices) can have a huge effect
but the idea is there
and if you consider a starting point of the covid crash, we're still in valid price zone and time zone (assuming time symmetry, which i'm not entirely sure is a thing?) - end of november would be complete
but price could still go way lower and it would still be valid, so NFA
really thought about it again bc we've formed a bullish butterfly recently...always nice to see nested matryoshka harmonics...and we're at my 2.72 pitchfan line
stay safe out there
GBPUSD - Idea Sideways action... London playing games
Overall im Bearish.. still believe the 1.11585 level will be attacked.
Right now im looking at 1.12280 for bullish action, if they break it - longs will be ideal up until possibly 1.13135
We break 1.12015 the bears will control this day
Update shortly..
GBPUSD - Trade ideanot so lucky with this pair during last week - managed to capture some pips to the upside.
Today the bears look like they in charge - expecting lower prices to get filled possibly right down to 1.11585
Bearish retracement happened at - 1.3285 and 1.12855
Bulls may fight now at NY open due to some impact news - possible retracement to 1.12855 before the drop
How to define the end of a correction based on time - EWHi EW Fans,
made you a CheatSheet how to define the end of a correction based on time. If you are sure about the start of a wave/impulse you can very easy define a possible time "vector" for the end of the correction.
Start of the impulse = Zero
Top of the impulse = 0.382
End of the correction at the common Fib numbers: 0.681/0.65; 0.89; 1; 1.272; 1.618 and so on.
If you combine it with a Fibonacci Retracement Tool (LogScale) you are able to define a price and time "vector" for a possible reversal or for the next impulse/wave.
Greetings
JST Zigzag Ending Now, Target $1-20 (Neowave/Elliottwave)JST looks like it has formed into a perfect Neowave Zigzag. Wave-b is a perfect irregular flat, wave-c is shorter in price and more complex than wave-a, and equal to exactly 50% of a+b in time. The Large Wave-B is related to 161.8% of wave-A in time. In the shorter term wave-5 of c is related to 50% of 3+4. All time targets are being hit here at the same time this week and momentum on virtually all time frames is bullish so I think we'll see something pretty big happening very soon.
Just going back to ATH would be a 1000% gain for JST, but if this is the beginning of a larger bull run as most other charts suggest then we could see prices at a minimum over $1 and probably as high as $20 over the next year.
HOW HIGH WILL DOGE COIN REACH IN 2030? - DOGE Price PredictionThe DOGE is inferior to the inflation rate of the USD and has a limitless supply, albeit the inflation momentum does diminish over time due to a set distribution pace.
Although the circulating supply is fully unlocked, the total amount of DOGE is already high.
Dogecoin's one-minute block time is inferior to those of other payment processors like VISA.
In addition to the aforementioned, the whole cryptocurrency market is now struggling. As Bitcoin prices fell below their psychological level of $20,000, the sentiment in the cryptocurrency market appears to be gloomy. Because of this, the cost of Dogecoin is probably going to remain stable between $0.055 and $0.075 through the end of 2022.
Cryptocurrencies are anticipated to be widely used by 2030. Given that the internet is practically ubiquitous worldwide access to a person's preferred token is simple on earth. A meme token created to be a humorous representation on the internet is called Dogecoin. Today, most people choose to spend their time having fun online. Dogecoin can be used to tip content producers all over the world.
Dogecoin might experience a significant price growth from today, hitting prices between $2 and $4 and a market worth between $266 billion and $533 billion by 2030, if this scenario comes true.
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