5 Brutal Trading Truths Nobody Tells You1-you need money to make money
2-steep learning curve
3-in a drawdown most of the time
4-don’t have what it takes
-trading takes time,energy and resources
-few people stay
5-must have an edge
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Tippingpoint
S&P 500: Market at decision point between rally or mild pullbackIf the "S&P 500" breaks above 2815, then the rally is going to continue strongly higher for months. But if the "S&P 500" declines and stays below 2725 until the end of August then there remains a risk of a large stock market crash.
Short-term the market is oversold and could break out above 2800 or a little higher towards 2815.
Mid-term the market is way too overbought. Therefore there is a risk of a pullback down to 2750 or lower.
Long-term the market is neutral at a tipping point here. Due to this divergence between the short-term and mid-term trends.
IRRI (Reversal Risk Indicator) on MSFT: feedback request. So I am working on a second version of IRRI which would have fewer false positives.
IRRI aims to indicate upcoming UP-to-DOWN reversals and not give false sense of complacency when RSI seems sufficiently down-corrected after a short selloff.
It would seem that the current MSFT chart is a good use-case for this.
I'd appreciate your feedback using the indicator.
BTSBTC 594 days long fight against a linear regression downtrendThe +2 deviation line was touched but shortly left unbowed. A quick observation of a market timing advises that a positively solved btc debacle might have some bearing on this scenario, notwithstanding, one thing remains static no matter what plot develops around in the btc chart. It's location of the 89 timezone. Being a predefined invariable, it sits tight in the future that is yet to come, waiting for the bulls to outbalance the bear thrust in this 594 d declining regression trend. Ideally, uncertainty coupled with flames of passion flaring up in the btc subreddit would solve all the problems here, and 89 timezone sets a key turning point in this story giving the market 30 days to make it out of an established regression downtrend. In the worst case scenario with sellers jumping the shark again it would get dimmed to dull embers though its deemed normality to get slapped one last time before a new uptrend sets in. The narrower the trading range is, the more problems there are with keeping it in the same tight room. Pay attention to time, if a green support zone gets pierced through before 05.03 +/- week bts could lose up to 95% of its present value.