AB ⚡️ CD — Harmonic Patterns 🟣The AB⚡️CD pattern is a highly effective tool utilized in trading to identify potential opportunities across diverse markets, including forex, stocks, cryptocurrencies, and futures.
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This pattern takes the form of a visual and geometric arrangement, characterized by three consecutive price swings or trends.
When observed on a price chart, the ABCD pattern exhibits a striking resemblance to a lightning bolt ⚡️ or a distinctive zig-zag pattern.
Importance of the ABCD Pattern
The significance of the ABCD pattern lies in its ability to identify trading opportunities across different markets, timeframes, and market conditions. Whether the market is bullish, bearish, or range-bound, the ABCD pattern remains a reliable tool.
By recognizing the completion of the pattern at point D, you can get a perspective trade entries. Furthermore, the ABCD pattern helps you determine the risk-to-reward ratio before initiating a trade. When multiple patterns converge within the same timeframe or across different timeframes, it strengthens the trade signal and increases the likelihood of a profitable outcome.
Finding an ABCD Pattern
The ABCD pattern has both a bullish and bearish version. Bullish patterns indicate higher probability opportunities to buy or go long, while bearish patterns suggest opportunities to sell or go short.
To identify an ABCD pattern, it is essential to locate significant highs or lows on a price chart, represented by points A, B, C, and D. These points define the three consecutive price swings or legs of the pattern: the AB leg, the BC leg, and the CD leg.
Trading is not an exact science, so traders often employ Fibonacci ratios to determine the relationship between the AB and CD legs in terms of both time and price. This approximation assists in locating the potential completion of the ABCD pattern. When patterns converge, it increases the probability of successful trades and enables you to make more accurate decisions regarding entries and exits.
Types of ABCD Patterns
There are three types of ABCD patterns, each having both a bullish and bearish version. To validate an ABCD pattern, specific criteria and characteristics must be met. Here are the characteristics of the bullish and bearish ABCD patterns:
📈 Bullish ABCD Pattern Characteristics (buy at point D):
To effectively trade the bullish ABCD pattern, you might consider the following characteristics:
1. Find AB:
Identify point A as a significant high and point B as a significant low. During the move from A to B, ensure that there are no highs above point A and no lows below point B.
2. After AB, then find BC:
Point C should be lower than point A. In the move from B up to C, there should be no lows below point B and no highs above point C. Ideally, point C will be around 61.8% or 78.6% of the length of AB. However, in strongly trending markets, BC may only be 38.2% or 50% of AB.
3. After BC, then draw CD:
Point D, which marks the completion of the pattern, must be lower than point B, indicating that the market has successfully achieved a new low. During the move from C down to D, there should be no highs above point C.
4.1 Determine where D may complete (price):
To determine the price level at which point D may complete, Fibonacci and ABCD tools can be utilized. CD may equal AB in price, or it may be 127.2% or 161.8% of AB in price. Alternatively, CD can be 127.2% or 161.8% of BC in price.
4.2 Determine when point D may complete (time) for additional confirmation:
For additional confirmation, you can analyze the time aspect of the pattern. CD may equal AB in time, or it may be around 61.8% or 78.6% of the time it took for AB to form. Additionally, CD can be 127.2% or 161.8% of the time it took for AB to form.
5. Look for Fibonacci, pattern, trend convergence:
Convergence of Fibonacci levels, pattern formations, and overall trend can strengthen the trade signal. Therefore, you should look for instances where these elements align.
6. Watch for price gaps and/or wide-ranging candles in the CD leg:
As the market approaches point D, it is important to monitor for any price gaps or wide-ranging candles in the CD leg. These may indicate a potential strongly trending market, and you might expect to see price extensions of 127.2% or 161.8%.
📉 Bearish ABCD Pattern Characteristics (sell at point D):
To effectively trade the bearish ABCD pattern, you might consider the following characteristics:
1. Find AB:
Identify point A as a significant low and point B as a significant high. During the move from A up to B, ensure that there are no lows below point A and no highs above point B.
2. After AB, then find BC:
Point C should be higher than point A. In the move from B down to C, there should be no highs above point B and no lows below point C. Ideally, point C will be around 61.8% or 78.6% of the length of AB. However, in strongly trending markets, BC may only be 38.2% or 50% of AB.
3. After BC, then draw CD:
Point D, which marks the completion of the pattern, must be higher than point B, indicating that the market has successfully achieved a new high. During the move from C up to D, there should be no lows below point C and no highs above point D.
4.1 Determine where D may complete (price):
To determine the price level at which point D may complete, Fibonacci and ABCD tools can be utilized. CD may equal AB in price, or it may be 127.2% or 161.8% of AB in price. Alternatively, CD can be 127.2% or 161.8% of BC in price.
4.2 Determine when point D may complete (time) for additional confirmation:
For additional confirmation, you can analyze the time aspect of the pattern. CD may equal AB in time, or it may be around 61.8% or 78.6% of the time it took for AB to form. Additionally, CD can be 127.2% or 161.8% of the time it took for AB to form.
5. Look for Fibonacci, pattern, trend convergence:
Convergence of Fibonacci levels, pattern formations, and overall trend can strengthen the trade signal. Therefore, you should look for instances where these elements align.
6. Watch for price gaps and/or wide-ranging bars/candles in the CD leg:
As the market approaches point D, it is important to monitor for any price gaps or wide-ranging bars/candles in the CD leg. These may indicate a potential strongly trending market, and you might expect to see price extensions of 127.2% or 161.8%.
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Tradingtips
HOOK daily chart with Rounded BottomHOOK daily chart
121.5M Market Cap
aggressive entry at current price
lower entry zone on chart
a safer entry would be break / retest of weekly resistance
( 1.2512 ) ... the website has " Hot " words like " AI " and " Metaverse "
they also have a Staking option ... just to name a few things
BSCS Daily Time Frame looking for BounceNASDAQ:BSCS with possible 1hr support bounce
I entered at current price with lower entries
at 0.016063 / 0.013422
This is a Mid - Long Term Hold for me but I
also included some lower targets ( shown on chart )
This is a tiny market cap of 4.2M
A pullback to lower entries would be really nice
10 Day Trading TipsVenturing into day trading promises the thrill of rapid profits, but it's a realm that demands caution and strategic acumen, especially for beginners.
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To pave the way for success, this article provides 10 crucial tips, emphasizing the need for education, meticulous planning, and an unwavering commitment to continuous learning.
1. Invest Time in Education:
Embark on your day trading journey by immersing yourself in knowledge. Explore online courses, books, and forums that delve into market intricacies, trading strategies, and risk management. A solid grasp of technical and fundamental analysis, chart patterns, and market psychology is foundational for success.
2. Develop a Solid Plan:
Day trading without a clear plan is akin to navigating uncharted waters without a map. Establish a comprehensive strategy outlining your objectives, risk tolerance, preferred markets, timeframes, and capital allocation. A well-defined plan serves as your anchor, fostering discipline and informed decision-making.
3. Prioritize Risk Management:
Safeguard your capital by making risk management your top priority. Seasoned traders advocate risking no more than 1-2% of your trading capital on any given trade. Implement stop-loss orders to curtail losses and shield your investment.
4. Practice with a Demo Account, Including TradingView's Paper Trading:
Before venturing into live trading, it's crucial to hone your skills and test your strategies in a risk-free environment. Many brokers offer demo accounts with virtual funds, mimicking real market conditions. This allows you to gain experience, refine your strategy, and build confidence without the fear of losing actual money.
Additionally, consider leveraging TradingView's paper trading feature. TradingView, a versatile charting platform, provides a simulated trading environment known as paper trading. With this tool, you can execute trades in real-time using virtual funds, closely simulating actual market conditions. This integration allows you to apply technical analysis, test strategies, and familiarize yourself with the platform's features before committing to live trading.
Using both traditional demo accounts and platforms like TradingView's paper trading feature provides a comprehensive practice regimen. It not only helps you become proficient in executing trades but also ensures that you are well-prepared for the dynamic challenges of day trading when you transition to live markets.
5. Choose the Right Broker:
Selecting a reliable broker is paramount for day trading success. Seek a broker with low commissions, rapid execution times, and a user-friendly trading platform. Regulatory compliance is crucial for fund protection, and auxiliary factors like customer support and educational resources should also be considered.
6. Master Technical Analysis:
Technical analysis forms the bedrock of day trading. Grasp the art of reading price charts, identifying trends, and recognizing support and resistance levels. Familiarize yourself with key technical indicators such as moving averages, RSI, MACD, and Bollinger Bands to inform your trading decisions.
7. Develop a Tailored Trading Strategy:
Crafting an effective trading strategy is pivotal for day trading success, and today's traders have access to powerful tools that can significantly enhance their capabilities.
Utilize TradingView with PineScript and Strategy Tester:
Leverage the robust features of TradingView, a popular charting platform. With its proprietary scripting language, PineScript, traders can create custom indicators and strategies tailored to their specific needs. The Strategy Tester allows you to backtest your strategies against historical data, providing valuable insights into their performance.
If you not familiar with the PineScript Take your trading strategy to the next level with Vestinda, an app that empowers traders to build strategies without the need for coding. With a library of over 200 templates, you can choose a strategy that aligns with your preferences and easily customize it to suit your liking. Vestinda also offers a comprehensive backtesting feature, allowing you to simulate your strategy's performance under various market conditions and assets.
By incorporating these advanced tools into your strategy development process, you refining, and optimizing your trading approach. Whether you prefer the flexibility of PineScript on TradingView or the user-friendly interface of Vestinda, these tools empower you to make data-driven decisions and stay ahead in the dynamic world of day trading.
8. Stay Informed:
Remain vigilant and well-informed about market news and events that can influence your trades. Leverage economic calendars, financial news websites, and social media platforms as valuable sources of information. Be prepared for market volatility, especially during significant economic releases and news events.
9. Control Your Emotions:
Emotional discipline is paramount in day trading, where fear and greed can lead to impulsive decisions. Adhere to your trading plan, follow risk management rules, and avoid revenge trading. Developing emotional resilience is critical for sustained success.
10. Keep Detailed Records:
Maintain a meticulous trading journal documenting entry and exit points, trade sizes, profits, and losses. This tool facilitates performance analysis, identifies improvement areas, and fine-tunes your strategy. A detailed record is your compass for assessing progress and making necessary adjustments.
Day trading offers a lucrative path for those willing to invest time and effort into mastering the craft. Approach it with caution, discipline, and a commitment to continuous learning. By educating yourself, crafting a solid plan, and adhering to these tips, you enhance your prospects of success in the dynamic world of day trading. Remember, proficiency takes time, so be patient and persistent on your journey to financial independence.
NTX Daily time frame with Bull Pennant NTX Daily time frame with Bull Pennant
measured move on chart along with
targets and stop loss
( if stopped out look at re-entering at the
break add on retest of 0.07200 area )
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
MARSH Daily time frameMARSH Daily time frame
entry ideas on chart
stop loss 0.09994
( if we get stopped out ... enter break add on retest of 0.11612 )
if you are unsure of the importance of market cap let me know so i can make a video
KNOWLEDGE is Power
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
DOCK Daily time frame DOCK Daily time frame
Market Cap 17M
entry idea on chart with lower entry
( also on chart )
stop loss 0.01534
( from tonight's live stream on TradingView )
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
MOOV - dotmoovs broke out of resistanceMOOV - dotmoovs broke out of resistance
looking for price action to maintain support above 0.005104
lower entry at 0.005194 in case price action
has a retracement
stop loss 0.004859
( if stopped out ... look for re-entry once price
action breaks above 0.005104 )
targets on chart
this is a micro cap coin 3.3 M
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
Understanding Lagging and Leading Indicators in CryptocurrencyIn this article, we'll explore the concepts of leading and lagging indicators, common examples, and delve into the specific indicators within crypto transactional data.
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What Are Leading and Lagging Indicators?
Before we dive into the crypto-specific details, let's establish the basics. In the realm of technical analysis, indicators for traditional financial assets are often categorized as Leading, Lagging, or Macro.
Leading Indicator: Points towards the potential future direction of the price.
Lagging Indicator: Confirms patterns in prices after they have formed.
Both types of indicators play a crucial role in understanding market dynamics and making informed trading decisions.
Common Examples of Leading & Lagging Indicators
To illustrate, let's examine two common examples:
Relative Strength Index (RSI): A leading indicator, RSI hints at whether the market is becoming overbought or oversold.
Moving Averages: A lagging indicator that relies on historical data, providing a retrospective view of average price behavior.
Crypto-Specific Leading Indicators
1. Mining Data
Mining, the backbone of the Bitcoin network, involves running the hashing algorithm to secure transaction integrity. Key indicators include:
Hash Rate: Indicates the network's strength; a higher hash rate implies a more robust Bitcoin network.
Mining Distribution: Assess whether mining concentration is increasing, potentially impacting network decentralization.
Transaction Fees: Offers insights into user types and potential adoption trends.
2. Network Activity
A proxy for customer data, network activity includes:
Number of Addresses: Reflects user engagement.
Transactions per Second: Indicates transactional activity levels.
Average Transaction Value: Provides insights into transaction sizes.
3. Scarcity
Bitcoin's scarcity is a fundamental characteristic, and the Stock-to-Flow model gauges this relationship:
Stock-to-Flow (SF): Measures scarcity by assessing the ratio of existing stocks to new stocks.
4. Broader Ecosystem Data
Metrics from various sources like Blockchain.com, Glass Node, and Woo Bull Charts offer insights:
Market Value vs Realised Value (MVRV): Measures the market value of Bitcoin relative to its last price movement, indicating user hoarding behavior.
Wallet and Exchange Data: Tracks metrics like wallet downloads and exchange customer growth.
Macro Indicators in Crypto
1. The Dollar Index (DXY)
The DXY measures the US Dollar against other currencies, showing a correlation with Bitcoin:
A falling DXY suggests dollar weakness, potentially driving investors towards Bitcoin as a store of value.
2. Stock Markets
Bitcoin's relationship with stock markets is complex:
Currently correlated due to similar investment behaviors in search of yield.
A changing relationship could indicate shifts in broader market dynamics.
3. Bond Yields
Bond yields act as a macro indicator:
Increasing bond yields are a leading indicator of inflation, potentially affecting Bitcoin positively due to its store of value characteristics.
While these indicators operate in the short term, the Fundamental Analysis, exploring broader measures of adoption and influence on prices. Understanding both technical and fundamental aspects is essential for navigating the dynamic landscape of cryptocurrency trading.
VAI ( AI coin ) Daily time frameVAI ( AI coin ) Daily time frame
this would be a nice mid - long term hold
targets are on chart with lower entry if price retraces
( looking to hold this coin for a while but put targets if you
wanted to take profits sooner )
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
DATA cup and handle on the Daily Time FrameDATA on Kucoin - this is the Daily time frame
cup and handle
with targets on chart
💥 Market Cap of 28.8M
👉 Remember low market caps are easy to move and
recommended to have multiple targets ( depending on the
amount you put in )
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
How RSI Alerts Can Supercharge Your Long-Term Crypto PortfolioBuilding a long-term portfolio demands a strategic approach that goes beyond random buys and impulsive decisions.
Instead, savvy investors employ tools like the Relative Strength Index (RSI) to identify advantageous entry points and navigate the market cycles effectively.
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Here’s a step-by-step guide on how to harness RSI alerts to fortify your long-term crypto holdings.
Step 1: Spotting Entry Opportunities with RSI < 35
When aiming for long-term crypto accumulation, the goal is to buy assets at opportune prices. Setting up your charts with the RSI indicator and adjusting the lower band to 35 enables you to pinpoint instances where cryptocurrencies in your portfolio might have experienced an unwarranted dip. This can be a golden opportunity to acquire assets for the long run, aligning with the principle of buying low.
Step 2: Steering Clear of Overbought Zones with RSI > 70
Conversely, an RSI reading surpassing 70 signals potential overbought conditions. In such instances, it's prudent to exercise caution. Holding off on new purchases during these periods or even considering exiting certain positions that have seen significant price surges allows you to safeguard your returns. Converting gains into stablecoins during overbought phases enhances liquidity, positioning you strategically for future opportunities.
Step 3: Confirm with Other Indicators & DYOR
RSI functions most effectively when complemented by other indicators. Incorporating tools like Moving Averages, Bollinger Bands, and MACD provides a more comprehensive view of market conditions. Remember, thorough research is crucial. Rely on multiple indicators to reinforce your decision-making process and mitigate risks associated with single-point analyses.
Step 4: Get Timely RSI Alerts On Your Email & TradingView App
Time is of the essence in the volatile crypto market. Instead of constantly monitoring prices across various platforms, set up RSI alerts on TradingView to receive timely notifications. This ensures you don’t miss critical market movements and can respond promptly to favorable conditions or potential risks.
How to Create RSI Alerts on TradingView
Open TradingView: Log in to your TradingView account.
Select the Chart: Open the chart of the cryptocurrency you're monitoring.
Add RSI Indicator: Click on "Indicators" at the top, search for RSI "Relative Strength Index", and add it to your chart.
Set RSI Levels: Adjust RSI levels by clicking on the RSI label on the chart, then edit the Upper and Lower Band levels to your preferred values (e.g., 35 for Lower Band, 70 for Upper Band).
Create Alert: Click on the alarm bell icon at the top of the chart, then select "Add Alert." Choose the condition (crossing above/below RSI level), set the desired RSI level, and customize the notification settings.
Save Alert: Confirm and save your alert. You’ll now receive notifications via email or within the TradingView platform when the specified RSI conditions are met.
Effectively utilizing RSI alerts is a game-changer for long-term crypto investors. By intelligently identifying entry points, avoiding overbought conditions, confirming signals with other indicators, and staying informed with timely alerts, you position yourself for success in the dynamic world of cryptocurrencies. Enhance your portfolio strategy with RSI – a tool that brings precision and efficiency to your crypto investment journey.
DENT 1hr 5x Long DENT 1hr 5x Long
enter at current price
lower entries 0.000852 / 0.000842 / 0.000838
stop loss 0.000822
targets 0.000878 / 0.000902 / 0.000947
Bullish Divergence playing out on the Daily Time Frame
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
Ichimoku Cloud: How To GuideHave you ever considered using the Ichimoku Cloud, a powerful and versatile technical analysis tool that goes beyond traditional chart analysis?
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Discover the Ichimoku Cloud, technical analysis tool developed by Japanese journalist Goichi Hosoda in the late 1960s.
This method visually represents support and resistance levels, providing crucial insights into trend direction and momentum.
Let's delve into the key aspects of the Ichimoku Cloud, providing you with insights and skills to take another step up in your trading game.
1. Understanding Ichimoku Cloud
Components of the Cloud:
The Ichimoku Cloud comprises five key elements — Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and the Kumo (cloud). Grasping the role of each component is fundamental to interpreting the cloud's signals.
- Kijun Sen (red line): The standard line or base line, calculated by averaging the highest high and the lowest low for the past 26 periods.
- Tenkan Sen (blue line): The turning line, derived by averaging the highest high and the lowest low for the past nine periods.
- Chikou Span (green line): The lagging line, representing today’s closing price plotted 26 periods behind.
- Senkou Span (red/green line): The first Senkou line is calculated by averaging the Tenkan Sen and the Kijun Sen and plotted 26 periods ahead. The second Senkou line is determined by averaging the highest high and the lowest low for the past 52 periods and plotted 26 periods ahead.
It’s not necessary to memorize the computations; understanding their interpretation is key.
2. Trading Strategies with Ichimoku
Kumo Twists and Turns:
The twists and turns of the Kumo offer valuable signals. A bullish twist occurs when Senkou Span A crosses above Span B, while a bearish twist is signaled by the reverse. These crossovers present entry and exit points.
The Power of Kijun-sen and Tenkan-sen:
The relationship between the faster Tenkan-sen and the slower Kijun-sen offers additional insights. A bullish crossover suggests a potential uptrend, while a bearish crossover may indicate a trend reversal.
Utilizing the Lagging Span:
The Lagging Span (Chikou) acts as a momentum indicator. Confirming its position relative to the price and cloud provides a powerful confirmation tool for trend strength.
3. Practical Tips for Ichimoku Trading
Timeframe Considerations:
Adapt your approach based on the timeframe. Longer timeframes offer a broader market perspective, while shorter timeframes can reveal short-term trends.
Risk Management:
Like any trading strategy, risk management is paramount. Set stop-loss orders, and ensure risk-reward ratios are carefully considered before executing a trade.
Backtesting and Practice:
Before going live, engage in extensive backtesting and paper trading. This will hone your understanding of Ichimoku signals and enhance your ability to interpret them in real-time.
4. How to Interpret Ichimoku Lines
Senkou Span:
- If the price is above the Senkou span, the top line serves as the first support level while the bottom line serves as the second support level.
- If the price is below the Senkou span, the bottom line forms the first resistance level while the top line is the second resistance level.
Kijun Sen:
- Acts as an indicator of future price movement.
- If the price is higher than the blue line, it could continue to climb higher. If below, it could keep dropping.
Tenkan Sen:
- An indicator of the market trend.
- If the red line is moving up or down, it indicates a trending market. If it moves horizontally, it signals a ranging market.
Chikou Span:
- A buy signal if the green line crosses the price from bottom-up.
- A sell signal if the green line crosses the price from top-down.
As a trend-following indicator, Ichimoku can be applied across various markets and timeframes. Emphasizing trading in the direction of the trend, it helps avoid entering the wrong side of the market.
With its combination of support and resistance levels, crossovers, oscillators, and trend indicators, Ichimoku simplifies complex analysis, making it an invaluable tool for traders seeking a comprehensive approach to technical analysis.
Dive into the charts, explore the strategies, happy trading!