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XRP/USD Trend. Triangle 202% 9X True/False.The trend is pretty strong. In this upward trend, an almost perfect symmetrical triangle has formed. Notice how ugly the triangle was drawn at the beginning of the trend. Consider why this is so. 316, triangle with base 200%. Rational entry if you are a breakout or pullback trader after breaking the resistance of this triangle. If there is a strong pullback (unlikely), then from the uptrend line. A complete development of this formation (triangle) will lead to a breakdown of the resistance of historical highs (yellow level). Perhaps he will achieve his "name". A rollback, if possible, to the uptrend line (optional), which is not critical, but, on the contrary, a rebound from it will give even more confidence to buyers and holders in the right choice and that historical highs will be overcome. ... After the pumping of illiquid crypto garbage and several top liquid turtles BTC ETH LTC (BNB is an exception) in the near future, it is very likely that the turn will come before the pumping of liquid cryptocurrencies which "swing like illiquid assets" - using the "stick" method. In the "greenest month for green events", two of them are likely to be pumped up with a "stick by the method of the electronic god EGOD". I believe in "official, professional" liars. True lie, I want to be like everyone else, blind, I don't want to stand out from the crowd Remember when they launched the market (the entire cryptocurrency market), when they "raised XRP from their knees" after the effect of an outright false fairy tale of a terrible SEC. At an XRP price of $ 0.24 -0.26, you were almost "shouted" in the open: "Buy and regardless of any actions with the price on the chart - do not sell if you are not a trader! Send to your wallet and forget" Did you listen to this ???? They even told you the day openly when the pumping will start. Did you believe ??? I'm sure not. Greed is evil. Now 4.4 months have passed. The price is now $ 1.55, it was almost $ 2 That's 9X! Is this comparable to the bitcoin profit over this period? This is not enough for you ??? They give you money, why don't you take it? Maybe because at the moment of not understanding the work you want even more ?? Remember, everyone who is never enough will be reset in the moment. Greed and non-gratitude must be suppressed so that everyone appreciates what was and what is left. It is only when a person loses everything that he begins to appreciate past comforts and opportunities that he has not used before. This is the only way to turn on the brain of fools. Another question. Faith in liars. Why the hell are you reading crazy FUD news in a couple of lines for the real fools in the cryptocurrency market ?? In the end, this is just an outright lie. Their task is to deceive you and send you on the "wrong trail". It is important for them that you become easily manipulated fools. Why do you support and disseminate this? Why do you take fantasies and manipulative "news in three lines" (so as not to scare the text) as the truth? Such content creators are the culprits of your misunderstanding of the market and, as a result, the zeroing of your deposit. Can't you figure it out from the rudimentary history of their "news" and price charts? Their task is only one - to mislead YOU and THAT YOU LOST MONEY on the MARKET !!! You are walking on a paradox. When you are sweetly deceived by the "official news channels" with beautiful pictures (absolutely all lies and "water") - YOU BELIEVE. When you are openly told the truth and confirmed by real actions - DO NOT BELIEVE. MAY BE ALL THE PROBLEM IN YOURSELF ????
BITFINEX:XRPUSD
by SpartaBTC
16
UP or down?? Wait and see 😎triangle made out of a solid support, but we can see that its resistance was broken once just a little bit but the support has never been broken yet. its not a great hope but its something, keep watching the news to see everyything is ok with SHIB so it doesnt make a sudden move before you know it. or just activate the MA in Volume, so if its volume breaks the MA line you notice the direction change. (keep changing timeline to be sure) PitchFork shows an up trend so it makes more sense to be hopeful and hold 😉
Long
by jghanavizi
3
Useful FOREX TRADING STRATEGY FOREX TRADING STRATEGY with 20MA & chandelier Stop by TIZ The BWAB Trading Strategy (LONG SETUP) - Market is in a range (80 candles or more) - The price approach the highs of Resistance and forms a tight consolidation (buildup) - The 20 MA touches the low of the buildup - Place a buy stop order above the highs with 3 ATR trailing stop loss ( chandelier Stop ) The BWAB Trading Strategy (SHORT SETUP) - Market is in a range (80 candles or more) - The price approach the lows of support and forms a tight consolidation (buildup) - The 20 MA touches the highs of the buildup - Place a buy stop order below the lows with 3 ATR trailing stop loss ( chandelier Stop ) The BWAB Trading Strategy (SHORT SETUP) Chandelier Stop settings = Trailing stop loss Look Back perio = 1 ATR Period = 22 ATR Multiplier = 3 The chandelier stop offers a logical possibility to set the stop loss. The sl is very tight.
Education
by TizTrader
Mastering Elliott Wave AnalysisHi, traders! Today we gonna speak about Elliott wave principles. The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves , or simply waves. Elliott published his theory of market behavior in the book The Wave Principle in 1938, summarized it in a series of articles in Financial World magazine in 1939, and covered it most comprehensively in his final major work, Nature's Laws: The Secret of the Universe in 1946. Elliott stated that "because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable." The empirical validity of the Elliott wave principle remains the subject of debate.
BEducation
by Skyrexio
10
Learn to Read Chart (MACD & XRP)✅ The MACD line is the 12-day Exponential Moving Average (EMA) less the 26-day EMA. Closing prices are used for these moving averages. A 9-day EMA of the MACD line is plotted with the indicator to act as a signal line and identify turns. The MACD Histogram (Below the chart) represents the difference between MACD and its 9-day EMA, the signal line. The histogram is positive when the MACD line is above its signal line and negative when the MACD line is below its signal line. ✅ MACD's formula: MACD = 12-Period EMA − 26-Period EMA ✅ MACD is often displayed with a histogram which graphs the distance between the MACD and its signal line. If the MACD is above the signal line, the histogram will be above the MACD’s baseline. If the MACD is below its signal line, the histogram will be below the MACD’s baseline. Traders use the MACD’s histogram to identify when bullish or bearish momentum is high. ✅ The box below the chart has 2 lines which alert traders when a crossover happens: Crossovers are more reliable when they conform to the prevailing trend. If the MACD crosses above its signal line following a brief correction within a longer-term uptrend, it qualifies as bullish confirmation. If the MACD crosses below its signal line following a brief move higher within a longer-term downtrend, traders would consider that a bearish confirmation. ✅ TradingView lets you use the MACD for fast and easy forecasting. You can find it in Indicators & Strategies (f(x)) above your chart.
Education
by ShawnMCR
2
ONE OF THE MOST USED BEARISH PATTERNS: DESCENDING SCALLOPOne of The Most Used Bearish Patterns: Descending Scallop · The descending scallop is a bearish reversal pattern. · Descending scallops are common topping chart patterns. · This is a downward trending char pattern. · You can support me with your likes. · Also you can share your opinion with me in comments. · Attention: this isn't financial advice we are just trying to help people on their own vision. ·Have a good day!
Education
by CaptainBarbossa
2
BZRX Break the Flag PatternBZRX has been a long sideway after the bearish trend. I see a price that has been break the flag pattern and resistance, and most likely the price to go up. There is 2 purple area box that I draw above. The first box below it has touched the harmonic price, and the next will be the correction that I draw in the chart then after the correction was done. If it rises and breaks the resistance, it will most likely go up to the price of the second box area (0.000025xx-0.000026xx). if not, wait until the red line support hit
B
by folound
Candlestick education - rest off between bull-runsHey guys, as we all know a chart/price doesn't always go up between a rest in between, but how can we understand its correction based on the candlesticks? 📍 right after a bull run we may see a red candle with huge wicks usually we panic after seeing those candles ⚠️ don't worry guys! If a red candle closes at the bottom of half of the previous green candle it's reasonable to worry because it shows less interest of the bulls🐃 📍 however, if the red candle shows us a huge wick at both ends it means that many took the advantage and bought the dip Do you enjoy my tutorial? Ask me if you have any question and/ or problems
NASDAQ:AAPLEducation
by C_EWAVE13
8
HOW TO DETECT TARGET ZONES?EURUSD (Forex): In the chart you can see my trading setup. The middle dotted trend line and the red zone act as resistance. Currently the price is rejected. First of all, this offers us a short opportunity. How can you find target zones? ❗️ To find target zones, I usually use distinctive highs and lows. In this case the green support zone. The first profits should then be realized in this zone. I also use the fibonacci tool to display possible zones in which I can sell. In particular, I pay attention to the 0.5 retracement in combination with the 0.618 retracement. In the chart you can clearly see that these zones roughly correspond to my own drawn zones.
Education
by TizTrader
How to Take Advantage of Both Market Directions?Today we will talk about a very common situation that occurs in the vast majority of traders (if not all), especially when we have just started to get into this bussiness. There is a consistent struggle between convictions, ego, and market views or analysis. This generates that we try to see in our analysis what we want to happen, or what we need to happen, and ultimately this the only thing that generates are psychological issues on the trader. The best way to remain calm and be able to trade in a cold and consistent way is to plan in advance all the situations that may occur in the scenario we are analyzing, and how we would act in front of them. In this way, we do not allow ambiguities and we will only take positions if what we are waiting for happens. And, covering both directions, we will not feel that we are missing something if the movement is the opposite of what we expect (as it would happen in case of analyzing only in one direction). In this case we will analyze AUD/JPY to show you how we carry out this analysis: 🔸First, we are going to detail our vision of the daily graph that is the one shown in the publication. 🔸As we can see, the price is in a clear uptrend, and when faced with the Resistance zone it began to consolidate for several weeks. 🔸From there, we didn't see a clear direction. When we detect that there is no type of trend or clear behavior, we stay out of the market and wait for an opportunity to happen where we can establish a clear horizon. 🔸What we propose to trade this pair is that there is a brekaout. It can be in a bullish or bearish direction. In case of being bullish, it must be from the Resistance zone and in case it is bearish it must be from the trend line. 🔸We are going to decrease the timeframe to show exactly what we expect: 🔸In this image we see the 4H chart. 🔸Basically what we detail is that we expect a break and then a retest / corrective structure. This is because it is a security add-on to avoid potential fakeouts (the trade can fail anyway, of course). 🔸Once we see the retest, we will have a new swing or structure to be able to position our entry and stop loss safely, with a favorable risk-benefit ratio. 🔸The targets are: Resistance zone in case of bullish breakout, and Support zone in case of bullish breakout.
Education
by ThinkingAntsOk
Support & Resistance Basics (Tutorial)Support & Resistance basics (Tutorial) Important facts about support and resistance: - In terms of support, the demand for an asset is particularly high - In terms of resistance, the supply for an asset is particularly high - The price can be seen as expensive or cheap - Many traders want to buy or sell there because the price is attractive - SUPPORT & RESISTANCE = ZONES: Technical analysis is not an exact science. Therefore it makes sense to mark support and resistance areas in ZONES. WHAT IS A RESISTANCE? Resistance is the level at which prices are believed to be strong enough to prevent prices from rising further. The resistance doesn't always hold up; a break above the resistance signals that the bulls have triumphed over the bears. WHAT IS SUPPORT? Support is the price level at which it is believed that demand is strong enough to prevent prices from falling further. Support does not always hold and a break below support signals that the bears have triumphed over the bulls. METHODS TO MARK SUPPORT AND RESISTANCE: Support and resistance share enough common characteristics to be effectively mirror images of one another. Highs and lows: Support can be made with the previous reaction lows, while resistance can be made with the previous reaction highs. Another phenomenon: -> Support becomes resistance (and vice versa too) As soon as the course breaks below a support level, this can be viewed as a new resistance. A break in the support zone signals that the sellers are more present.
Education
by TizTrader
How to use FIBONACCI TOOL1. Find a suitable trend / swing You can basically find trends in every chart. The fibonacci tool achieves the best results with strong trend movements. So look for strong impulses! 2. Detect the start and the end of the trend The Fibonacci can be used variably. In my experience, the longer swings work better. 3. Drag the fibonacci tool from the start to the end point Select the Fibonacci tool (shortcut ALT + F). Drag the tool from the start point to the end point. You can change and adapt the tool at any time. 4. Detect the most important levels 0.236 Retracement: - Suitable for high momentum trades. The trend should show high volume. 0.5 Retracement: - The most important and effective retracement. It shows the average movement and many traders buy at half the price. 0.618 Retracement: - Very effective in conjunction with the 0.5 retracement. The zone between the retracements is very often a support. 5. Use the levels to trade pullbacks The retracements are generally not a 100% probability of a successful trade. The interaction with other indicators and technical aspects is key.
Education
by TizTrader
Death Cross Chart Pattern - GoldA death cross occurs when the 50-day moving average crosses below the 200-day moving average. In addition we can observe the weekly EMA ribbon directly on support: Occasionally this is a setup, but if price falls below the ema ribbon that is considered very bearish - particularly on a weekly time frame. Additional Clarity offered on the death cross here: This death cross indicates, according to technical analysis, that the short term trend (50day) has fallen under the long term trend (200day). Treasury Yields are indicating the dollar may rise higher, and as those of us who have been observing the increase in the US Dollar see - a bullish DXY is a bearish signal typically for gold. The 10Y hit its highest level today since Feb of 2020 (which was pre-covid mania) This is because owning bonds offering a yield is preferable vs a commodity that does not offer yield. The Yield in Treasuries is direct competition with gold - along now with the new powerhouse on the block Bitcoin. Keep in mind as well that an ounce of gold now costs .03~ bitcoin! Chart will be provided below. It is also worth stating that Bitcoins market cap is now $975.2B. If we exceed $1.5T Bitcoins market cap will have surpassed silver which one could then assume the next runup will be targeting superseding Golds dominance. The other issue gold has to contend with is optimism from the broader market that as the nation opens back up, and consumers flush with cash we may see, and hopefully so, a broad economic recovery. The irony, and a strength for gold though is that the formula for inflation is M2*V=inflation. We all know that M2 has gone significantly higher, unprecedently higher. Velocity has been more than muted, it has been crushed. I would argue (and may get some counterpoints shooting me down, and I welcome the debate) that as the nation opens back up, we will see an increase in spending and activity and dare I say traveling and vacationing, home improvements, acquisitions of new homes to take advantage of low rates - which will heat up the economy & increase velocity. If velocity increases enough we could see a nice pop in inflation - not calling for hyper inflation, but even a conservative pop could work wonders for gold. Keep in mind that retail sales increased 5.3% in January which is indicative that those stimulus checks are indeed being put to work. www.marketwatch.com Pivot Points for Gold Targets: There is a lot to weigh out when one considers longing gold, but for now gold appears to be in a position where the gold bears have taken over, and the gold bugs are fighting for support. If you enjoy this chart please be sure to like it! If you see things differently I respect your opinion and would love to learn from it! Please be sure to comment and tell me why I may be wrong. And as always friends I wish you nothing but good fortunes and great success!
OANDA:XAUUSD
by ZenMode
89
How to Color Grade your Charts & IndicatorsHello everyone, in this video we are going to talk about the possibilities to personalize your charts and therefore improve your own strategy (emotionally) and the attractiveness for other traders. Feel free to check out the previous two videos where were talking about trends, candlestick- and chart-patterns. Cheers, Ares Basic understanding of Candlestick- and Chart-Patterns How to scale your charts & use the right timeframe
OANDA:XAUUSDEducation
by Anton_XBT
39
Order box trading This is educational :) You can see that the price is a bit "blurry" at the first order box. Why is this? Financial institutes never invest their whole money at the same time to get "stopped out" or "margin called". They do this to check how the price is reacting to their orders. For example, if they want to invest 100 million euros in a long position; firstly 20m, then 30, and then 50. This "blurr" will form what we call the order box. Now, what happens? All of the orders will not go to reality. maybe only 70% will. Then, when the price touches this order box area, the price will bump again as a consequence of all the underlying orders. This is what you see at the "support order box". Same thing at the top. Steps to spot these: 1, find the "blurr" 2, watch for confirmation (aka = second time it touches) 3, trade the 3rd, or 2nd if u are brave, it touches this box. 4, place stop loss just above the box But what for take profit? Place it in either the other side of the box, or eventually, at 0,618 of Fibonacci. I use this to trade with the trend and not against it. Questions? Ask them in the comment area :D
Education
by Spketss
4
Bitcoin. Triangle. Important areas. 58440. Work on a coinMade this idea to continue the previous one for the convenience of monitoring price movement. Work from zones of levels and trend. Everything is extremely accurate on the graph. Check out my previous 1.5 year forecasts for this trading pair. I think it will be very useful for you for educational and, as a consequence, for monetary purposes, views of my previous ideas and updates of work under them where I accompanied the price movement. Pay attention where the forecasts were worked out with sniper accuracy up to certain numerical values, and where they were not, or they were worked out after a rather short time. Below this idea, I have consolidated the ideas of training and trading for 1.5 years, which were not removed by the moderators. Who does not know, I cannot delete or correct when a trading idea has already been published. I try to give the most accurate data for work not for the "hamster" level. Be attentive, learn to see what is hidden from the blind and think. Learn, develop, gain experience in trading. Knowledge without experience is zero. Don't be theorists, be practitioners. Only the weight of your deposit matters to your trading success. Theorists cannot boast of this.
BYBIT:BTCUSD.P
by SpartaBTC
5
Fibonacci Extensions From ScratchHi traders! Evidently, every trader understands the importance of defining the trend with its support and resistance levels. Unfortunately, sometimes it’s kinda difficult or even impossible to do with basic tools. Nevertheless, traders have fixed the problem and evented some indictors that are able to solve this problem. One of them is Fibonacci extensions . Fibonacci extensions are a way to establish price targets or find projected areas of support or resistance when the price is moving into an area where other methods of finding support or resistance are not applicable or evident. As you can see, Fib Extensions is some kind of ratios.The ratios themselves are based on something called the Golden Ratio. How to build Fib Extension? During the up trend you should initialize the point of previous lower lower. Next point is the higher high and lower low again. The points should be consistent.
Education
by Skyrexio
2