ETH: FAKE BULLFLAGRecent PA marks a top
Right, i'm SELLER SIDED. I will COMMIT and i don't care what any other moonboy think.
Set a STOP LIMIT SELL below the red line as shown on my chart IN CASE the price dumps below it.
On which the target will be right above the most recent supply zone @1531 (BLUE BOX)
To finish, your Stop loss will be set on the most obvious place for a breakout pump to happen (@1790)
We're all gonna make it.
TOP
BTCUSDT Crash: Dragon Under controlHello traders!
Welcome back to another episode with analyst Aadil1000x.
Yesterday, as I told you the motive of the 'J' pattern was to dump the market and it happened.
Those who missed the top can jump in now or you can wait for a breakout of trendline and go for the sell.
The Stoploss is 24520(-3%),
Target is 15K(+37%).
Don't forget to give some boost and follow to stay connected.
Danger of TradingHello trader!
Welcome back to another episode with Analyst Aadil1000x.
Today I am here to show you some stories that many traders don't know that can also happen to them and many traders can also relate these stories with them. You will only see success stories on the internet and that's only 1% truth.
Have you not seen how much tough the market is? If you are not working very hard then there is no way to win because this is the toughest business in the whole world.
A person can understand better if the situation is told in a story that's why to make you understand I am sharing some stories.
First story.
There was a guy who was living in my city. He started forex trading and he got some lucky shots and made a small amount of money but he didn't know that this happens to all new traders, LOL. Once he made money he thought making money is as easy as opening an account but he lost 50,000 USD and not only that what he did later will scare you. He used all of his father's retirement fund and sold the house and lost everything in forex. He lost almost 600,000 USD.
To recover the amount he started to put more money. He wanted a fight with the market. From me, you will always listen that we will move with the market. Normally people say kill the market or will beat the market. You can't do that. The mindset of moving with the market is the only option to win.
Second Story
There was a guy who started trading and with little experience, he started to trade on borrowed money and he lost almost 60K and now he has a debt that he can't even pay.
Never trade from borrowed money if you have little experience or your strategy is not perfect. The chances of your winning are -100%.
Third story
It's a story of a girl living in another country whose monthly salary was 2500 pounds. She was trading different options and she lost 200,000 pounds in a year. Again whose money was that? It was her parent's money and she used that without telling them.
She was trading with untested methods. When she figured out something new she start to put money into a new method and she kept changing methods and losing all the time.
There are many stories that I hear every week with losses with more than they have earned in their life. So don't do these types of mistakes. If you are a new trader then trade only 20$ and grow it to 100$ and make notes of the strategy. If you make it possible then you can be a successful trader.
REASON BEHIND YOUR LOSS
One main reason behind the loss is WRONG knowledge on the internet. Even if you search for the most popular post, it has 5000+ like and it has more than a dozen images and he is guiding how to trade. The surprising thing is out of 12 images all 12 images are wrong and it's the most popular post. How is that possible that 100% of the guidance is wrong? Even he can give one correct direction by mistake but he failed to give one direction correct even by mistake. That's how tough the market is. Even so-called experts don't know what they are doing.
The reason behind all wrong is that he learned it online and taught the fake knowledge to many traders and it keeps continuing..
Imagine millions of traders losing without knowing their mistakes. When they lose they go back to the same information read it carefully and try to do the same thing in the best way possible and they still lose because they are using never working methods.
You have to work very very hard to move with the market. I worked really hard and formed some working methods and I know that those who don't know exactly what's happening in the market have little chance of survival.
Don't forget to give some boost and follow to stay connected.
BTCUSD cringe log chartThe idea that something which never happened can't happen is a silly one
On high timeframe BTC goes up from inception
"So it's just gonna go up from here and never look back. Why ? because it never does."
That is so silly
- it also never tested a previous cycle top until last month
- never closed below the 200 weekly or whatever until last month
Pattern breaks
While I do think the low 10k is a good buy, I don't understand why it couldn't oscillate around these price for years, or decades, lose this range and never go back or pump the million ? Why not?
"goofy prediction dude"
Same was said to the one targeting 30 when we were above 60
LITUSDT created a M PatternThe price is creating an M pattern on the 4h timeframe after a double top on 1.2$.
On the daily timeframe the price bounced on the dynamic daily support.
How to approach it?
IF the price is going to have a rejection from the 0.5Fibonacci level, on the M neckline, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
CADCNH to Continue Lower?CADCNH has completed the broadening top pattern and the price is now in consolidation. I expect CAD to continue gaining strength against CNH and to reach the broadening top's objective, which lies near 5.
We can short the pair once the price breaks below the small consolidation trendline.
BEST BITCOIN CHART ANALYZE , 69k POSSIBLE LAST TOPSo i analized the bitcoin chart using Double Curve and marked the the tops , the bottoms , , and the percent of the crash under the Double Curve , which for the moment was 45% with the possibility to go a bit lower, so if my 69k TOP FOREVER prediction is wrong , the NEXT ALL TIME HIGH and very possible the last one which we will see, will be 115k - 130k usd.Thanks.
DOUBLE TOP AT USDCHFHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has made DOUBLE TOP. Wait for breakout and retest
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us
BTC Bubbles Bottom Below the 20 Months Moving AverageBitcoin monthly chart.
Every time BTC went in bubble territory (see RSI) it topped and it didn't find a bottom until it breached the 20 months moving average and reached a level approximately 50% below it.
I'm excluding March 2020 flash crash (the DSS also suggests that was a special occurrence)
#TNX #US10Y 10 year yield at a top?So the 10 year yield has run hard on interest rate hike expectations.
However, as can be seen from the chart, the yield is currently about 93% above its 50 month moving average, the highest it has ever been...by far.
Using the TD indicator one can also see that the yields are potentially topping this month.
As can be seen from the Stochastic and RSI below, both are at major tops.
The yields and DXY priced in a more hawkish FED the last couple of days since we got the higher than expected CPI reading on 10 June.
Chances are that the FED will not be able to continue with higher interest rate hikes as this will crash the market.
So, the yields and DXY might have been running based on expectations but might revert quite a bit on actual release of FED interest rate decisions tomorrow.
Major downtrend in SPXAfter almost two years of market exuberance due to central banks' unconventional actions, the SPX has recently entered a major downtrend which has just started.
The index has just formed a top under a major resistance and its next target is the major support level around 3200.
The RSI Exhaustion confirms the same analysis, in fact, there's no evidence of divergence and the indicator is currently "bullish exhausted" meaning that a bull run from here is extremely unlikely.
Remember to do your analysis, be patient and always look for confirmation from the indicators.
SPX: Hit our target! What's next?Hello traders and investors! We nailed another target on the index, but it seems it wants to do a top sign now. The link to my previous analysis is below this post, as usual. Let’s see what’s going on.
First, in the 1h chart, it broke our target at 4,096, and it is trading above this resistance. Since it is a bull trend in the 1h chart, any pullback to the 4,096 or even to the 21 ema should be considered just a pullback. The next resistance is at 4,300.
Yes, the index is trying to give us some top signs, but it is too soon to tell if it’ll correct or not, as we don’t see a clear bearish structure yet.
Let’ see the daily chart now.
Yes, we broke the red line at 4,090, triggering a Double Bottom chart pattern in the daily chart. Despite the correction today, we are still above this line, and above the 21 ema, indicating that this is a reversal, indeed.
The only problem with this is the low volume, but as long as the index stays above its support levels, the situation will remain under control.
Everything is ok for now, and I’ll keep you updated every day on this, so remember to follow me to keep in touch with my daily analyses!
Top & Bottom Indicator with KDJ ConfirmationSimple Top & Bottom Indicator with confluence of the KDJ Indicator!
Long Entry Example:
-Background Switched from red to blue
-Buy Label Printed
-KDJ close above 50
Short Entry Example
-Background Switched from blue to red
-Sell Label Printed
-KDJ close below 50
SL Placement:
-Last Bullish/Bearish Candle of previous opposite chart background.
Risk to Reward:
1:2 (recommended)
1.1.5 (higher Winrate)
I coded it into a Strategy.
Suitable for the 1min Chart.
Persistent is ready to Break Double Top Persistent is ready to break double top it can be sell because of double top and also trend of Persistent is down trend and double top target is Rs. 2514 and taeget of 1 is Rs. 3100 so it can be sell and my opinion is it can be sell and STOP LOSS is Rs.3798 And thank you to visiting this channel and pls like and follow me
TECHDARSHRESEARCHER and come here every time and pls comment below and have a good day bye bye.
Sell it your own risk.
Chainlink at a fork in the roadSitting at $7.60 resistance, chainlink looking to test $9 but having difficulty doing so. Possible retest of support around $6.50 if it doesn't break upward. Watch out for the false break higher. Keep an eye on the candles. Watch out for long candles in the current stagnant trend, if that happens expect an inevitable retracement depending on the direction.. expect a hard retrace lower to an unbelievable $4.80 not currently looking that way but keep an eye on your tops and bottoms.
Elliott Wave Analysis: Natural Gas Confirms Temporary TopHello traders and investors, today we will talk about Natural Gas in which we can see sharp and impulsive decline from the highs, which in Elliott wave theory suggests and confirms temporary top in place.
From Elliott Wave perspective we can clearly see a completed five-wave bullish cycle within 5th wave at projected 9.0 level. In Elliott waves, after every five waves, we can expect a three-wave A-B-C reversal, so with current five-wave drop from the highs, seems like Natgas is now slowing down within a higher degree (A)-(B)-(C) correction.
Well, wave (A) seems to be completed now, so we may now see a three-wave A-B-C corrective rally in wave (B) that can retest 7-8 resistance area and form a nice Head&Shoulders pattern before we will see another sell-off for wave (C).
Happy trading!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Expected Key Points ES/SPX 11 May 2022ES/SPX 12 May 2022
The current implied volatility is at 32.6%/year
So that converted into daily is 2.05%
The opening of today was 3939
So based on that our channel is going to be compressed within
TOP 4020
BOT 3860
with a probability chance of 86.9% based on the last 1049 candles
From volume point, current POC is around 3930, so I believe initially the 3.9k will sustain/bounce initially, but if the poc is becoming
lower and lower, then we can expect to enter within 3.8k area
From fundamental point, today we have
PPI and initial jobless claims releases and these mark a huge volatility moment
At the same time the current values are expected to be bearish.