Tradingpatterns
GBPCAD chart analysisHey everyone,
In this analysis, price is showing us a slight bullish correction after the sharp impulse. which indicate the phase is about to complete impulse>correction>impulse.
Now my bias for this is a buy on possible touch on trendline.
WHAT ARE WE EXPECTING:
# a lower time frame bullish continuation pattern to form/break of trendline
HOW DO WE ENTER:
# rejections candles for risky entry
# for reduce risk entry we need to see a break of trendline followed by a retest or a lower time frame correction
INVALID SETUP
# when you see a sharp impulse followed by a bearish continuation correction which means trend change
TARGET:
# top of slight correction
THANKS FOR READING
AS ALWAYS TRADE SAFE AND STAY SAFE!!
Bitcoin is now expected to reach levels 23.8K - K22.4 - K21.5The first target was reached by Bitcoin yesterday, by a slight difference, and the price bounced from it, and it is expected to return to touching this level, and it is considered a minor and weak support, and it can be broken easily
Today, it is expected to break 22.8K, and head towards the second support levels at 22.4K, and it is likely to be broken if the rise continues on Dominance Tether..
How to Become a Top Trader ?(1)
Hello everyone, I will publish an article on how to become a top trader on the platform recently, and it will be updated continuously. This is the first article. The first thing I need to teach you is how to establish a correct investment psychology.
It is easy for novice investors to fall into a misunderstanding, especially wanting to make a profit in this market quickly, but in fact, trading is a very long process. Only through your continuous learning and a deeper understanding of the market, your wealth will increase , instead of treating trading as a gamble, and only relying on luck to make short-term profits, but as time goes by, due to lack of knowledge of the market, it will eventually lead to continuous losses.
Why do I talk about investment psychology in the first article, because I think that if the mentality of entering the market at the beginning is wrong, it will be difficult to have a good result, so I hope that after reading this article, you can have A correct investment psychology is to put our investment route on a longer-term basis, instead of hoping that a wave of market prices will make you rich overnight. You must know that Bitcoin has been an extremely long process from its release to now.
If you agree with my investment philosophy, then I hope you can pay attention to my follow-up articles. In addition to daily market analysis, I will also tell you what good habits you need to have to become a top trader. Any questions, you can comment below the article, thank you for your support and love.
Five things every beginner must know
Many people enter because they know that this market can make people rich, but if you don't know these five things, you will only be ruthlessly harvested by the market.
First: When all the analysis of the market and retail investors are firm that the market will go in a certain direction, you need to be vigilant, don't follow blindly, always believe that the truth is often in the hands of a few people, follow the "Eighty-Twenty" rule in the market, and keep a calm head.
Second: Understand the importance of stop loss. No one can guarantee that every transaction is profitable, so when the direction is wrongly judged, you must stop the loss in time. Sometimes a small loss can be considered a profit. A real master has the courage to face himself If you make a mistake, you can keep your principal to have a chance to come back..
Third: Understand the importance of stop profit, never think about earning the last copper plate in the market, because the market is changing rapidly, only the money earned in your own pocket is real, otherwise it is just a jumping number.
Fourth: Don't enter the market against the trend. When the overall market trend is one-sided, you can choose to wait and see if you don't enter the market ahead of time. Don't choose to go against the trend or enter the market forcefully. You know, the market will happen every day, you only need to catch one or two waves, and entering the market at an inappropriate time will only make you passive.
Fifth: Don’t treat trading as a gamble, and don’t take heavy positions. I personally recommend keeping the position at one-third to better resist risks. Blindly increasing your position will only make your situation more passive.
Each of the above points needs to be experienced slowly. If you can strictly implement them, then congratulations, you are considered an entry-level trader, but if you still want to continue to advance, there is still a long way to go. In addition to analyzing the market, I will also share more trading experience with my friends.
If you encounter any problems in the current transaction, you can leave me a message at any time, and I will reply to you. Thank you for your attention and let us make progress together
AUD.NZD rising wedgeHello Traders,
AUD.NZD daily seems to be forming a rising wedge.
Usually when there's a rising wedge, price seems to break to the downside.
I'm definitely watching this pair to see where price will break!
What do you think about this chart? Do you think it will break to the downside? thoughts?
Have a great day!
Samantha
The most common mistakes in trading
Today, I will share a practical secret that I have learned for many years. Don’t hesitate when trading. If you hesitate, then don’t trade in the short term.
Many people also have the habit of making trading plans. For example, I will enter the market at any position today, but when the opportunity really arises, I hesitate to make a decision. After the market ends, I find that I have made a profit, but I did not enter the market, and wait until the opportunity appears again. At that time, I thought to wait a little longer, but it turned out to be profitable again, and I still didn’t enter the market. Finally, I finally made up my mind that the next time I was in this position, I would definitely enter the market. As a result, when he entered the market, what he ushered in was a loss.
In fact, in the trading market, good entry opportunities are fleeting and will not come often. If frequent entry opportunities appear, it must be a trap. When you have made a plan, all you need to do is Strictly implement, if you have no confidence when you enter the market, then I suggest that you do not make any transactions in the short term, because your plan has been disrupted, and the market likes to confuse your eyes and challenge your bottom line. It's also a psychological game.
I make my trading plan every day and strictly implement it, so friends who follow me can receive my plan as soon as possible, which can be used as a reference, but I will choose to enter the market at the first time, if you hesitate, choose the second The second or third chance to enter the market, the probability of loss will increase a lot, so don’t do this, you can consult me to get the latest plan.
❤️Please, support my work with like, thank you!❤️
How to become a master trader?
First:Making Plans
Before trading every day, make a trading plan, so how to make a good plan?
Take XAUUSD for example,If you mainly focus on short-term operations, focus on the key support and key resistance within the day, buy up at the support level, buy down at the resistance level, sell high and buy low, if you cannot accurately determine where the support and resistance are , you can see my daily analysis articles.
In addition, when making a plan, you must set the stop profit and stop loss points. The stop profit must be greater than the stop loss. The reason for this is that even if your accuracy rate does not reach 50%, you can still make profits in the long run.
Second:Implement
After making a trading plan, what you have to do is to strictly implement it. You need to have confidence in your plan and don’t doubt your judgment because of the turmoil in the market. You need to know that the truth is often in the hands of a few people.
Third:review
Regardless of whether you are making a profit or a loss in today's transaction, you need to review the market. When you make a profit, you need to consider whether the take-profit position set this time is reasonable, and whether the profit can be enlarged next time. Of course, you also need to learn how to stop in moderation.
Of course, we can’t avoid the situation where we misjudged the direction. At this time, we need to consider whether we have strictly implemented the stop loss operation. In many cases, small losses are out, and keeping the principal is also a very correct operation. More people They will stop profit, but they can’t accept the loss, which leads to a mistake and loses the whole game. Therefore, it is said that those who can buy are apprentices, and those who can sell are masters.
Fourth:Summarize
Making a trading plan is a good habit, and it will accompany you throughout your life. Don’t think it’s a good habit just because you’ve made money for several days in a row, and you’ll feel that making a plan is useless because you’ve lost money for a few days in a row. The meaning, a simple summary is to make a good plan, strictly implement it, review it many times, and believe in yourself.
I will formulate my trading plan every day, and then share it with you, hoping to make progress together with you. At any time, we are in awe of the market and let ourselves go further through planning. This market will always eliminate some people. Don’t believe it Luck, that kind of thing will run out sooner or later, friends are welcome to discuss with me.
❤️Please, support my work with like, thank you!❤️
Sylo Altcoin Price ForecastThe current market conditions for Sylo suggest a positive trend over the next few weeks. With the current price of Sylo, many analysts are optimistic about the potential of this altcoin, driven by its focus on privacy and security in the decentralized space.
In the short term, expect the price of Sylo to reach .003 expected price within the next few weeks, driven by new partnerships and development progress in their technology. In addition, increased demand from investors looking for privacy-focused investments may also drive the price higher.
"In the short term, expect the price of Sylo to experience a bearish trend, potentially reaching low as .0017.
Looking further ahead, expect the price of Sylo to continue its upward trajectory and reach .01 cents. This is based on the growing demand for privacy-focused solutions in the market and the increasing awareness of Sylo's capabilities in this area.
It is important to note that the cryptocurrency market is highly volatile, and any number of factors could impact the price of Sylo, including regulatory developments, changes in investor sentiment, and market competition. As such, this forecast should be viewed as a rough estimate and is not a guarantee of future performance.
In conclusion, the short-term outlook for Sylo is positive, with a strong likelihood of continued price increases over the next few weeks. However, as with any investment, it is important to consider your own risk tolerance and conduct your own research before making any investment decisions.
#CryptoWhale100Billion
"I hope this analysis has helped provide some insight into the potential of Sylo. If you found this information valuable, please don't hesitate to give us a thumbs up and follow us for more free crypto analysis and insights. My goal is to help educate and inform the community and I couldn't do it without your support. Thanks for reading, and we'll see you at the next one!"
OXY - Great setup
NYSE:OXY - Elliott wave Analysis
Warren Buffet bought OXY in Q1,Q2 and Q3 of 2022. We can't all be Buffets but a a good setup might be in place right now.
A clear upward impulse wave starting in October 2020, with an extended third wave that reached its peak on May 31, 2022.
Since then, we have been witnessing a period of consolidation in the form of a retracement wave (4). The sideways movement of the price is characteristic of a triangle pattern.
Triangles are a slow and sideways movement that indicate a balance in the convictions between bulls and bears. They are only present in waves 4, B, and X, preceding the final wave of a sequence.
The eventual outcome of a triangle pattern is a wave 5 of the impulse sequence, also know as the post triangle thrust. The good part is that we can calculate this post triangle thrust.
In terms of Fibonacci retracements, the current retracement of 0.236 in wave 3 aligns with the second most common Fib retracement for wave 4.
It is important to note that triangle patterns can be difficult to trade. Why because in this case the triangle can take the form of a B wave at a larger degree than fall in wave C finishing the correction. than moving up in wave 5 of the larger impulse wave. This may not be relevant in the current situation, however, it is important to exercise caution and keep this in mind."
When they conclude though, they result is the post triangle thrust.
ConclusionGood upside potential at least to $74 level 13% increase from the current level. There is also another energy stock with the same wave count NYSE:PXD this time with a dividend yield of 11 %.
Legal Disclaimer: The information presented in this analysis is solely for informational purposes and does not serve as financial advice.
PFIZER (PFE) 6M Trading Analisys (TA)6M Chart, PFE , on February 6, 2023, the signals on MACD have been steadily moving NE, after piercing below the histogram on July 2012; On July 2021, reached its ATH (All Time High); The RSI signal bounced over 70 and is now facing SE to test the line of 50, after bouncing up from it on January 2020; The price has been steadily falling since the ATH, from $60 to $43, heading down to test the 100 days MA signal, at this moment there is a probability for the price to bounce up before continuing its way down to test the 100 MA signal, which is the optimistic approach, but remember "In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading: "Now is the time to buy".
Today this ticker has a Volume of 5.297M with a Market Cap of 246B.
This Company PAYS DIVIDENDS TO SHAREHOLDERS
Pfizer Inc. is a research-based global biopharmaceutical company. It engages in the discovery, development, manufacture, marketing, sales, and distribution of biopharmaceutical products worldwide. The firm works across developed and emerging markets to advance wellness, prevention, treatments, and cures that challenge the most feared diseases. The company was founded by Charles Pfizer Sr. and Charles Erhart in 1849 and is headquartered in New York, NY.
Good Luck!
Gráfico de 6M, ( PFE ), al 6 de febrero de 2023, las señales en MACD se han estado moviendo constantemente hacia el NE, luego de cruzarse por debajo del histograma en julio de 2012; En julio de 2021, alcanzó su ATH (Mayor Precio Histórico); La señal RSI rebotó sobre 70 y ahora se dirige al SE para probar la señal de 50, luego de rebotar ahi en enero de 2020; El precio ha estado cayendo constantemente desde el ATH, de $60 a $43, bajando para probar la señal de 100 días MA, en este momento existe la probabilidad de que el precio rebote antes de continuar su camino hacia abajo para probar la señal de 100 MA, que es el enfoque optimista, pero recuerda: "En este negocio, si eres bueno, tienes razón seis de cada diez veces. Nunca vas a tener razón nueve de cada diez veces. Descubrí que cuando el mercado está cayendo y compras fondos sabiamente, en algún momento en el futuro serás feliz. No llegarás allí leyendo: "Ahora es el momento de comprar".
Hoy este ticker tiene un Volumen de 5.297M con una Capitalización de Mercado de 246B.
Esta Empresa PAGA DIVIDENDOS A LOS ACCIONISTAS
Pfizer Inc. es una compañía biofarmacéutica global basada en la investigación. Se dedica al descubrimiento, desarrollo, fabricación, comercialización, venta y distribución de productos biofarmacéuticos en todo el mundo. La firma trabaja en mercados desarrollados y emergentes para promover el bienestar, la prevención, los tratamientos y las curas que desafían las enfermedades más temidas. La empresa fue fundada por Charles Pfizer Sr. y Charles Erhart en 1849 y tiene su sede en Nueva York, NY.
¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER : I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make, and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE : No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompaña es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
USDJPY MORE SELLING PRESSURE (REDUCE RISK ENTRY)It's still going smooth and likely more profitable n on Higher Time frame there's a correction and now I'm looking for a lower time frame correction to continue the trend. I'm selling this when I see a lower time frame continuational correction completion.
Thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!!
BNBUSDT: Bearish Divergence, Short Opportunity to Under $200?Hello Fellow Cryptocurrency Investor/Trader, Here's a Technical outlook on BNBUSDT!
Technical Analysis
BNBUSDT Formed a Complex Double Top Pattern with Bearish Divergence on the MACD Indicator. We will for the breakout of The Complex Double Top Neckline. The breakout indicates a possible downward movement to the target area.
Fundamental Drive
Distressed Cryptocurrency Exchange Filed for Chapter 11 Bankruptcy.
The Complete Explanation is presented in the picture.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BNBUSDT"
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ADMR: Can it Be The Start of the Markup Phase?Technical Analysis
After moving in the sideways trend for a while, ADMR made a descending broadening wedge pattern. Furthermore, ADMR has broken out of the Falling Wedge Pattern. The Breakout could indicate a possible starting point for the Markup Phase. The Markup Phase is the stage of price breakout of the trading range and starts to rise steadily. Therefore, we are forecasting a potential upside movement to the target area.
All other explanations are presented in the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position in the ADMR"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
BULL & BEAR FLAG PATTERNSBULL FLAG
This pattern occurs in an uptrend to confirm further movement up. The continuation of the movement up can be measured by the size of the of pole.
BEAR FLAG
This pattern occurs in a downtrend to confirm further movement down. The continuation of the movement down can be measured by the size of the pole.
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GoldViewFx
XAUUSD TOP AUTHOR
Deeper Network DPR Crypto Bearish MDeeper Network DPR Crypto breaking down from the Bearish M Pattern with a drop to .0186cents. It is starting to hit the first resistance line, we will see if it can break thru or get pushed back down.
Bullish News: Aug. 5 & 6, 2022 Deeper Network has an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the Virgin Impact team and other global heavyweight investors.
Bearish News: Possible Token Crash Starting around September 6, 2022 thru the next 8 months, investors getting Deeper Chain DPR returned to them who bought in at .006cents to .02cents. Deeper is only allowing 750,000 DPR total perday from the miners and the invests to go over the bridge from Deeper Chain to the other two chains to get to an exchange and to sell. Some of the people have set up computer programs to keep dumping coins over the bridge first so they do not get locked out when the daily total of 750,000 is hit. There was 2Billion token allocated to sell but they only advertise 1Billion being sold. DPR given out already to the investors that crashed the coin the first time, there is an estimated amount of 3.3Million to 6.6Million Deeper Chain DPR being released each day to their investors for the next 8 months starting in September 2022 thru May 2023. Will Deeper fully open the bridge or will they try to control their investors cash out for a second time, well see what happens…….. How will the miners plan for this apocalyptic scenario of no longer being able to move Deeper Chain DPR across the bridge to get it on an exchange to pay for their expenses? I foresee another massive upset that Deeper Network will hush the investors by kicking people out of there Deeper Network community social groups when people complain and get upset like what happened when they lock up the investors DPR the first time without paying them back as was promised in their smart contract that had a hidden back door in the smart contract to reprogram it and to lock back up again. This is a lack of trust that I don’t think Deeper Network will every out live.
-Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
- Deeper Chain Community Governance - Currently being controlled directly by Deeper Network, not by the Community but thru a back door in the program (Verified on AMA)
- 7 Validator Nodes on Deeper Chain, 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
-Deeper Chain DPR Crypto Burn Wallet #1: (Warning this is a subject Deeper does not like to talk about) There has not been a routine burn setup yet promised by Deeper to fight inflation . The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the Validator transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days and burnt all the treasury wallet. Then they slowed it down to every 24 Days thru the Treasury and to burn only about 1% now. There is credit burning set up for the miners, which is false advertisement because they only burn 1% of the money paid to buy credit to increase mining rewards. The rest of the money is added to the treasury wallet for Deeper to pay their DEVs instead. Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community can monitor what they are being told. Talking about this subject will get you band and removed from Deeper Network Social media accounts so be aware………… Deeper Network has responded to my concern about this saying "that 1% of the treasury wallet is burned each day" but I don't believe that's what happens, I believe that only 1% of each transaction that is transferred to the Treasury wallet is then sent into the burn wallet only during the transaction process, not that 1% of the treasury wallet total is burned. So once the funds go into the Treasury wallet once the 1% has been taken out, the remaining funds are no longer programed to be burned. (...to be determined) At the moment it is unknown how to see a total burn amount from this wallet but you can see how much DPR will be burned in the next 7 day burn period.
-Deeper Chain DPR Crypto Burn Wallet #2: Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token ECR-20 Blockchain Ethereum Burn Wallet Address - Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token BSC Binance Smart Chain Burn Wallet Address - Deeper Network has not provided the wallet address, nothing would be in the wallet address that i would be aware of if it exist yet
- Deeper Chain Treasury Wallet Address: 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z (At the moment this is funded by the left over Validator Transactions & Burn DPR for Credit Score Increase, 1% of Transactions going into the wallet are Burned, this is confirmed)
- Polkadot Parachain for Deeper Chain – not yet, no future plans at the moment (Verified by Polkadot Support)
-10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); & 4 Billion DPR Belong to Deeper & Investors
-Location of Deeper Network servers where VPN data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
- Deeper Network VPN / DPN equipment concerns: They say they do not keep logs of records of your internet access BUT!!!!! When you login to the device for the first time it makes you approve there two privacy agreements first. Terms and Condition of Use agreement under point Prohibited and restricted uses point #25 say : “We shall have the right… to monitor User Content”; The second agreement you must approve is the Deeper Network Privacy Policy under Data we Collect says “We may receive access to basic personal information from your social network accounts should you register or sign onto such services using Deeper Network Products or Services” (Why in the world is Deeper trying to collect your personal information?????????), then under section Data Retention it says “We will keep records containing personal data….. as maybe required by applicable laws (So then which governments laws are you under because there are countries that require no data collected) at the end of the day Deeper Network is not a Decentralized VPN because your data is collected in Deeper Networks Servers and Deeper Does not allow the Miners with the Exit Nodes for the VPN service to erase the VPN data on there own devices, even if their country allows for no logs to be collected. Will Deeper Network change their policy’s to be in harmony with what they told their community of NO LOGS/DATA KEEP BY DEEPER and ONLY DATA COLLECTED ON EACH EXIT NODE, apparently, they changed their minds……
Pico - At the moment the Pico is only good for mining with a Staked credit score, if the Pico has its own Public IP and is connected for months without being disconnected it will currently not get 10mb of traffic each day to get an increased organic credit score as an exit node, they network currently will choose a faster path out thru a Mini instead. So the Pico at the moment is not a good mining device if that's what you bought it for. This has been confirmed.
-Company Info:
-Deeper Network INC of the Marshal Islands (no office location there currently) Crypto Currency company that was set up as a shell company, filed on March 8, 2019 Entity number 100333 (Legal system mixed legal system of US and English common law, customary law, and local statutes; International law organization participation accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction)
-Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/ VPN / DPN , Entity 201816910575 6/14/2018, EIN Tax ID# 841835438, State ID 04799167 This is the company that controls everything.
-Location Of Head Quartiers Office (5200 Great America Pkwy, Santa Clara, California, 95054) : The main temp office rental location no longer exists that is advertised and on Entity Documents the location is currently enmity and abandoned, supposedly working remotely from home and out of a shipping warehouse since the past two years or longer, unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
Cult Dao continues to impress me from a technical perspective! Traders,
From a technical perspective CULT DAO remains absolutely perfect. So, in this video, I will both do technical analysis on this coin and I will also use the chart to show you how I will trade this going forward.
Best to you all!
- Stewdam.us