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SMC Trading Basics. Change of Character - CHoCH In the today's post, we will discuss one of the most crucial concepts in SMC - Change of Character. Change of Character relates to market trend analysis. In order to understand its meaning properly, first, we will discuss how Smart Money traders execute trend analysis. 🔘 Smart Money Traders apply price action for the identification of the direction of the market. They believe that the trend is bullish , if the price forms at least 2 bullish impulse with 2 consequent higher highs and a higher low between them. The market trend is considered to be bearish , if the market forms at least 2 bearish impulses with 2 consequent lower lows and a lower high between them. Here is how the trend analysis looks in practice. One perceives the price action as the set of impulse and retracement legs. According to the rules described above, USDCAD is trading in a bullish trend because the pair set 2 higher lows and 2 higher highs. 🔘Of course, trends do not last forever. A skill of the identification of the market reversal is a key to substantial profits in trading. Change of Character will help you quite accurately identify a bullish and bearish trend violation. 📉In a bearish trend , the main focus is the level of the last lower high. While the market is trading below or on that, the trend remains bearish . However, its bullish violation is a very important bullish signal, it is called a Change of Character, and it signifies a c onfirmed violation of a bearish trend. In a bearish trend , CHoCH is a very powerful bullish pattern. Take a look, how accurate CHoCH indicated the trend reversal on Gold. After a massive selloff, a bullish breakout of the level of the last lower high confirmed the initiation of a strong bullish wave. 📈In a bullish trend , the main point of interest is the level of the last higher low . While the price is trading above that or on that, the trend remains bullish . A bearish violation of the last higher low level signifies the violation of a current bullish trend. It is called a Change of Character, and it is a very accurate bearish pattern. Take a look at the example on Dollar Index below. In a bullish trend, bearish violation of the last higher low level quite accurately predicted a coming bearish reversal. Change of Character is one of the simplest, yet accurate SMC patterns that you should know. First, learn to properly execute the price action analysis and identify HH, HL, LL, LH and then CHoCH will be your main tool for the identification of the trend reversal. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
7
SPX Trading The Pivots 30" charts & why use ETFsYesterday at the close we hit S4 and so without any stress or agonizing over it (can we go higher, is this the right level) I loaded up on SPXS, which I use because it is cheap so I can make a decent profit with sheer number of shares. During the night and this morning I checked the market and Alerts were going off we had reached S5, so again, no stress just trade the plan* So I took profits on the SPXS and since we were reversing to go up I bought TQQQ, again due to a cheap price so I can buy lots of shares. Why not use the Futures? I have daytraded hundreds of thousands of times and when I daytrade Futures i watched the 1" and 3" and tick charts and overtraded, giving my Broker so much profit from the volume, and from having been a Trainer I know for a fact even Computer and Security Engineers can only maintain focus for so long (20 minutes of teaching and they are thinking about a snack or reading email). I don't care how great you think your focus nobody can stay focused watching 1" or tick or range charts for 7 hours. Brokerages came up with "pattern daytrading" rules for a reason, to make more profit for them and make it harder for us to profit. I flipped the script on them, by trading ETFS I am forced not to overtrade. If you have been paying attention I have made about 8 or 10 trades in the last few weeks in the SP 500 room, all of them but 1 were winners (it was late in the day and they had been creating chap all day running up and down 6-10 points, sharply reversing, all day long and yes I wasn't focused to "took a small loss that a day later would have been a winner. This is nother reason you don't have to stress at all with this style of low stress high profit trading, because we see time and time again they revisit previous levels.... When I am in the room letting ya'll know what is happening realtime it is advice for daytraders there is not much to say about my trading style... I can set an alert at R4 and go back to bed now. I point this out because some people seem to be confused by my complex charts, I pay more to get a lot of information across 10 templates, which contributes as to why my calls are almost always correct, but I have started removing indicators so ya'll can see easier with less confusion... When i am talking in the room it is to share my gift of an ability to correctly tell you exactly what is happening, it annoys some that i am so often right, a form of jealousy, not my problem. I am only there to teach, which I love, and to help... my trading style doesn't require me to sit in front of charts all day I do it for fun and to help. *1 buy at S4 or S5, sell at R4 or R5 (based on the chart and recent activity, rarely do we reach the 5 levels.
CME_MINI:ES1!Education
by dryanhawley
A ‘Soft Landing’ To Avoid A Recession Data comes as the central bank seeks to guide the US economy to a ‘soft landing’ to avoid a recession The US workforce added 336,000 jobs last month, much more than expected, as the world’s largest economy remained resilient in the face of higher interest rates. The sharp acceleration in hiring saw non-farm payrolls rise during September by almost twice as much as economists had anticipated. Readings for July and August were also revised higher, with 236,000 and 227,000 jobs added, respectively. Employment growth had been fading in recent months, according to official data, but remained largely resilient while the Federal Reserve battled to get inflation under control. This bolstered hopes that the central bank will manage to guide the US economy to a so-called “soft landing”, where price growth normalizes and recession is avoided. The headline unemployment rate held firm at 3.8% last month. The leisure and hospitality sectors helped drive the jump in payroll growth, adding 96,000 jobs. Government employers also added 73,000 jobs. The news comes as policymakers at the Fed prepare to meet on Halloween for their latest rate-setting meeting. They are expected to hold rates steady. When officials convened last month, documents released by the central bank revealed that they on average expected unemployment would rise to 4.1% next year, down from a median projection of 4.5% earlier this year. The latest report “suggests the labor market is enjoying a soft landing”, Paul Ashworth, chief North American economist at Capital Economics, said. “The surprisingly strong 336,000 increase in non-farm payrolls in September adds to the evidence on real activity that the economy is holding up well despite the headwind from higher interest rates.” Wall Street came under pressure following the release, with the S&P 500 down almost 1% during pre-market trading, as investors considered whether the Fed would raise rates further in the months ahead. Jerome Powell, the central bank’s chair, has described a “soft landing” as plausible, but not his baseline expectation. He said factors outside the Fed’s control, such as the autoworker strike and the threat of a government shutdown, could knock the US economy.
TVC:GOLDEducation
by SroshMayi
How To Analyze Any Chart 📚 Gold Example 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Today we are going to go over a practical example on #GOLD , but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. 📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management. Good luck! Remember, all strategies are good if managed properly! ~Rich
OANDA:XAUUSDEducation
by TheSignalyst
37
Basics of Elliott Wave TheoryWelcome to the world of Elliott Waves. If you appreciate our charts, give us a quick 💜💜 Elliott Wave Theory revolves around three key elements: Impulse waves (in the direction of the trend) Corrective waves (against the trend) Wave degrees Impulse waves consist of five sub-waves, while corrective waves comprise three. These waves form cycles, representing market psychology in action. Key Rules of Elliott Waves Wave 2 cannot retrace beyond the starting point of wave 1. Wave 3 must be longer than both wave 1 and wave 5. Wave 4 cannot exceed the end point of wave 1. Elliott Waves and Fibonacci Retracement Incorporating Fibonacci retracement levels refines Elliott Wave analysis. The fourth wave often hovers between 23.6%, 38.2% and 50%, while correction waves C often unfold within the 50% to 61.8% range. Elliott Waves as Guides, Not Guarantees It’s crucial to view tools like Elliott Wave Theory as guiding lights, not crystal balls. While they don’t assure foolproof predictions, they offer a framework to decipher market cycles. As patterns repeat, understanding market psychology becomes the trader’s edge.
Education
by Vestinda
2
Learn What is TRAILING STOP LOSS | Risk Management Basics In the today's article, we will discuss a trailing stop loss. I will explain to you its concept in simple words and share real market examples. 🛑 Trailing stop loss is a risk management tool that allows to protect unrealized profits of an active trading position as long as the price moves in the desired direction. Traditionally, traders trade with fixed stop loss and take profit. Following such an approach, one knows exactly the level where the trade will be closed in a profit and the level where it will be closed in a loss. Take a look at a long trade on USDCAD above. The trade has fixed TP Level - 1.354 and fixed SL Level - 1.341. Once one of these levels is reached, the trade will be closed. Even though the majority of the traders stick to fixed sl and tp, there is one important disadvantage of such an approach – substantial gains could be easily missed. After the market reached TP in USDCAD trade, the price temporarily dropped, then a strong bullish rally initiated and the price went way above the Take Profit level. Potential gains with that long position could be much bigger. Trailing stop solves that issue. With a trailing stop loss, the trader usually opens the trade with Stop Loss and WITHOUT Take Profit. Take a look at a long trade on USDCHF. Trader expects growth, he opens a long position and sets stop loss – 0.8924, while take profit level is not determined. As the market starts growing, one decides not to close the trade in profit, but modify stop loss – trail it to the level above the entry. As the market keeps rallying, one TRAILS a stop loss in the direction of the market, protecting the unrealized gains. When the market finally starts falling, the price hits stop loss and a trader closes the trade in a substantial profit. The main obstacle with the application of a trailing stop is to keep it at a distance from current price levels that is not too narrow nor too wide. With a wide stop loss distance, substantial unrealized gains might be washed out with the market reversal. Imagine you predicted a nice bullish rally on Bitcoin. The market bounced nicely after you opened a long position . Trailing stop loss too far from current price levels, all the gains could be easily wiped out. While with a narrow trailing stop distance, one can be stop hunted before the move in the desired direction continues. A trader opens a long trade on EURJPY and the price bounces perfectly as predicted. One immediately trails the stop loss. However, the distance between current prices was too narrow and the position was closed after a pullback. And then market went much higher In conclusion, I want to note that fixed SL & TP approach is not bad, it is different and for some trading strategies it will be more appropriate. However, because of its limitations, occasionally big moves will be missed. Try trailing stop by your own, combine it with your strategy and I hope that you will make a lot of money with that! ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
9
GUIDE TO TRADING ELLIOTT WAVE TRIANGLEELLIOTT WAVE TRIANGLE Elliott Wave Theory is a popular method used by traders to analyze and predict financial market cycles, particularly in stock markets, forex markets, and cryptocurrencies. One of the key patterns within this theory is the Elliott Wave Triangle, which is a continuation pattern that occurs during the consolidation phase of a trend. Triangles are useful because they provide a clear structure that helps traders anticipate future price movements. Rules for Identifying Elliott Wave Triangles: 1. Wave Structure: Triangles always occur in wave four or B positions. Triangles consist of five waves labeled as a, b, c, d, and e. Each of these waves subdivides into three smaller waves labeled as 1, 2, 3, 4, and 5. 2. Wave Characteristics: Wave a, c, and e are corrective waves (usually zigzags or flats) and move against the prevailing trend. Wave b and d are corrective waves as well but move in the direction of the prevailing trend. Wave e often ends beyond the end of wave c, creating an overshoot. 3. Converging Trendlines: The trendlines connecting waves a and c and waves b and d should converge toward each other. 4. Time and Price Contraction: Triangles demonstrate a contraction in both price and time. Price range narrows, and the time taken for each wave decreases. 5. Volume: Volume usually contracts as the triangle pattern progresses, indicating reduced market interest. Examples From past Historical Data In the provided price chart of ELONUSDT, a distinct pattern spanning 116 days is evident. Following this period, there was a notable price movement where the market traded above the peak of wave (D). This breakout above the wave (D) high signifies the resumption of the trend. Likewise, when examining the price charts of MATICUSDT and TFUELUSDT, it is observable that the wave B position forms a triangular pattern. Upon breaking above the respective highs of wave D, prices surged dramatically, reaching new all-time highs. Finally, DFIUSDT serves as a prime illustration of a triangle formation within a bear market. Upon breaking below the low point of wave D in the triangle, a substantial decline in price occurred, leading to the establishment of new all-time lows. Some Potential Opportunity on the Horizon Below are some of the potential price charts am currently watching for potential future trading opportunities: Final Remark Remember, while Elliott Wave Theory and patterns like triangles can be powerful tools, they are not foolproof. It's essential to use them in conjunction with other technical analysis tools and risk management strategies to make informed trading decisions. Additionally, markets can be unpredictable, and patterns may not always play out as expected. Always practice due diligence and never risk more than you can afford to lose in trading. If you find the educational resource helpful please consider leaving a like, comment and most importantly don't forget to hit the follow button so you will be informed when we upload another awesome content. Trade safe and may the market be with you.
Education
by maonimisi
Comprehensive Approach to Options Writing - Maximizing PremiumsComprehensive Approach to BANKNIFTY Options Writing - Maximizing Premiums Introduction: In this trading idea, we'll explore a strategy for writing both out-of-the-money (OTM) and in-the-money (ITM) put and call options in the BANKNIFTY index. This strategy aims to take advantage of time decay and market conditions to generate consistent income. Objective: The primary objective of this strategy is to collect premiums by selling options, taking advantage of time decay, and managing risk effectively. It involves writing OTM and ITM options to accommodate different market scenarios. Strategy Components: Out-of-the-Money (OTM) Option Writing: Call Options: When the market is in a stable or bullish trend, consider writing OTM call options. This strategy generates income as long as the market remains below the strike price of the call options. If the market rises sharply, you may be assigned, so it's crucial to have a plan in place to handle such situations. Put Options: In a stable or bearish market, write OTM put options. This generates income as long as the market stays above the strike price of the put options. Be prepared for assignment if the market falls significantly. In-the-Money (ITM) Option Writing: Call Options: In a strongly bearish market, you can write ITM call options. This allows you to collect higher premiums as the options have intrinsic value. However, be prepared for assignment if the market rebounds. Put Options: When the market is strongly bullish, consider writing ITM put options. These options also offer higher premiums due to their intrinsic value. Have a plan in place to handle assignments if the market reverses. Risk Management: Use stop-loss orders or defined risk spreads to limit potential losses if the market moves against your positions. Diversify your option writing across different strike prices and expirations to spread risk. Regularly monitor market conditions and your positions to adjust as needed. Writing both OTM and ITM put and call options in BANKNIFTY can be a profitable strategy when executed with careful consideration of market conditions and risk management. However, it requires constant monitoring and adjustment to adapt to changing market dynamics. Remember to consult with a financial advisor and perform thorough research before implementing any options trading strategy. Now Lets Get into Real Chart Examples : Chart Reference : On August 16th, we initiated a strategy involving the writing of both call (CE) and put (PE) options on the BANKNIFTY index (CA.PA). We chose to write options at both the at-the-money (ATM) and in-the-money (ITM) levels. Specifically: For the ITM (in-the-money) call option, we selected a strike price of 44,000, which was below the current market level. This means the call option had intrinsic value due to its position below the market price. For the OTM (out-of-the-money) call option, we went with a strike price of 45,000, which was reasonably above the market level. This call option had no intrinsic value but had a chance to gain value if the market moved in its favor. Regarding the ITM (in-the-money) put option, we chose a strike price of 44,000, which was above the current market level. This put option had intrinsic value as it was already in a profitable position. Lastly, for the OTM (out-of-the-money) put option, we opted for a strike price of 43,500, which was reasonably below the ITM price of 44,000. This put option had no intrinsic value but had potential if the market moved favorably. This approach allowed us to explore different market scenarios by combining both ITM and OTM options for both calls and puts. It's important to manage these positions carefully, considering potential assignments and market movements. Always stay vigilant and be prepared to adjust your strategy as needed based on market conditions. On 16th Aug 2023 : (OTM) Call price was 370 to 460,Put price was 1025 to 1178 Lets assume we enter writing 45000 CE and 43500 PE @ 400 (CE) and 1150 (PE) Total Premium Collected is 1550 on this OTM Writing . On 16th Aug 2023 : (ATM/ Near ITM) Lets assume we enter Writing 44000 ITM CE and PE @ 1000 and 600 respectively Now each day due to time decay and since we had taken both strangle and straddle together .There will be a balance of this strategy even if the price moves between 43500 to 45000. Only when the price goes beyond this range we need to adjust for making sure to get the win of this stragtegy . Withing the entry price range if the market moves .This will be to our favour . Lookout the DailyPnl Chart below of 45000 CE and 43500 PE that shows the outcome of this Entry on 1.Day the position taken 2. on worst day of market move 3. On Expiry day and here is the outcome of 44000 ITM CE and PE on 1.Day the position taken 2. on worst day of market move 3. On Expiry day This clearly shows even if the market move violently we shall easily adjust this and get out the strategy with decent win outcome . Please write your inputs in the comment on your take of this strategy or if you have better learning about option writing . Reference of Entry and Expiry and how the ATM and ITM position .Here we did not use any indicator for entry .With indicator we can position well the ATM ITM CE PE writing entries with informed decision by the Indicator. Thanks and Reading .
NSE:BANKNIFTY1!Education
by MarxBabu
1
Learn What Time Frame to Trade If you just started trading, you are probably wondering how to choose a trading time frame . In the today's post, I will go through the common time frames , and explain when to apply them. 1m; 5m, 15m Time Frames These 4 t.f's are very rapid and are primarily applied by scalpers. If your goal is to catch quick ebbs and flows within a trading session, that is a perfect selection for you. 30m, 1H Time Frame These 2 are perfectly suited for day traders. Executing the analysis and opening the trades on these time frames, you will be able to catch the moves within a trading day. 4h, Daily Time Frames These time frames are relatively slow. They are mostly applied by swing traders, who aim to trade the moves that last from several days to several weeks. Weekly, Monthly Time Frames These time frames reveal long-term historical perspective and are mostly used by investors and position traders. If your goal is to look for buy & hold assets, these time frames will help you to make a reasonable decision. 📝When you are choosing a time frame to trade, consider the following factors : 1️⃣ - Time Availability How much time daily/weekly are you able to sacrifice on trading? Remember a simple rule: lower is the time frame, more time it requires for management. 2️⃣ - Risk Tolerance Smaller time frames usually involve higher risk, while longer-term time frames are considered to be more conservative and stable. 3️⃣ - Your Trading Goals If you are planning to benefit from short term price fluctuations you should concentrate your attention on lower time frames, while investing and long-term capital accumulation suite for higher time frames. Time frame selection is nuanced and a complex topic. However, I believe that these simple rules and factors will help you to correctly choose the one for you. ❤️Please, support my work with like, thank you!❤️
TVC:DXYEducation
by VasilyTrader
4
Why Daily Time Frame Analysis 📅🔍 Matters In the dynamic world of forex trading, one key decision traders face is choosing the right time frame for their analysis. While there are various options available, the daily time frame holds a special place for traders seeking consistency and reliability. In this comprehensive guide, we will explore the compelling reasons why traders should prioritize daily time frame analysis in their forex endeavors. With real-world examples and insights, you'll discover how this approach can lead to trading success. The Significance of Daily Time Frame Analysis Daily time frame analysis offers several essential advantages that can significantly benefit forex traders: 1. Clarity Amidst Market Noise One of the primary benefits of daily time frame analysis is the reduction of market noise. Shorter time frames, such as the 1-hour or 15-minute charts, often exhibit erratic price movements that can confuse traders. By focusing on the daily time frame, traders gain a clearer and more stable perspective of the market's overall direction. 2. Work-Life Balance and Trading Flexibility Daily time frame analysis doesn't demand constant monitoring of the markets. This characteristic is particularly appealing to traders who wish to balance their trading activities with other commitments, such as work, family, or personal life. It enables traders to engage in forex trading without feeling overwhelmed or tethered to their screens. 3. Enhanced Risk Management and Strategic Planning The daily time frame provides traders with ample time to conduct thorough analysis and craft well-thought-out trading strategies. This extra time empowers traders to implement effective risk management practices, set appropriate stop-loss levels, and plan their trades with precision. Daily time frame analysis is a valuable tool that empowers forex traders with clarity, flexibility, and enhanced risk management capabilities. By prioritizing the daily time frame, traders can navigate the forex market with confidence and a broader perspective. This approach not only leads to more informed trading decisions but also allows traders to strike a balance between their trading activities and other aspects of their lives. In the end, focusing on the daily time frame can be a crucial step towards achieving trading success in the world of forex. 📅🔍💹 Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
8
Pumps&Dumps how it works in crypto?Hello, traders! Today, I'd like to explain how pumps work in the crypto world I distinguish between two main types: Fake Pumps: These orchestrated pumps involve artificially inflating the price through the actions of a group of individuals or entities. They typically rely on coordinated buying to drive up the price. Natural Trends: These are price trends that occur organically due to project developments, macroeconomic factors, or news events. Let's start with the basics. How are trends formed? It often begins with a news release on major news portals. This news then spreads through smaller influencers on various social media platforms, eventually leading to a trend that lasts for a while due to delayed reactions. Large corporations, banks, and other factors can sustain these trends for weeks or even longer. A notable example is FTX (a negative trend) and Pepe (a short but intense trend). Now, let's delve into "whales." In the United States, the SEC closely monitors such activities and frequently imposes penalties or more severe punishments on traders. However, the crypto world operates differently, and pump schemes still exist. Here are a few variations: Signal Groups: These groups provide analysis and signals that often prove profitable. Multiple groups may collaborate, accumulating significant amounts of altcoins in advance, and then initiate pump cycles, closing one combination of coins before moving to the next. Scam Groups: These groups engage in mass shilling, create fake news, and conduct mass marketing campaigns. They typically pump and dump coins within the same day, distributing coins to their audience and then swiftly exiting the market. In general, it is possible to profit from these schemes if you can predict which coin will be pumped next. However, extreme caution is necessary, and close monitoring of the pump process is crucial. Now, let's touch on the technical aspects of how a pump unfolds. . Picture this scenario: You're a whale sitting on a hefty $200 - 300 million in USDT liquidity. Now, instead of IDX:SHID , let's consider the dynamics with $SHIB. Here's how it plays out: The whales seize the moment and decide to gobble up the entire supply of CRYPTOCAP:SHIB available in the market, fueled by a significant event such as a Twitter endorsement (as we've seen recently). Given that CRYPTOCAP:SHIB typically experiences lower trading volumes compared to major altcoins like BTC or ETH, the cost of absorbing all available orders and driving up prices by a modest 10-20% isn't exorbitant. As the pump kicks into high gear, it not only lures in retail investors but also captures the attention of fellow whales who want a piece of the action. The price trajectory continues to surge, setting new highs with each passing moment. It's a classic scenario in the world of crypto trading, where strategic moves by whales can trigger massive market movements. I've covered a bit and I think I'll continue the article if you support me with comments. Can I write about how the FWB:PEPE Pump happened, what do you think?
Education
by Ingwina
1
HOW TO PROPERLY IDENTIFY THE STATE OF THE MARKET TRENDHey guys! Hope you're doing amazing! Posting my first educational video here to help you guys with being able to identify what state of the trend the market is in; whether it be early, mid-trend, or at the end or a mature trend. I feel this can really help you with your ability to hold trades and your confidence and conviction when placing trades and placing your take profit areas! But that's enough of me! Enjoy the video and please like, follow, and comment for more educational videos! Cheers!
OANDA:XAUUSDEducation
by JosePips
3
Learn TOP 3 Elements of a Perfect SWING TRADE Hey traders, In the today's post, I will share with you a formula of ideal swing trading setup. ✔️Element 1 - Market Trend When you are planning a swing trade, it is highly recommendable that the direction of your trade would match with the direction of the market trend. If the market is trading in a bullish trend, you should look for buying the market, while if the market is bearish, you should look for shorting. Take a look at CHFJPY pair on a daily. Obviously, the market is trading in a bullish trend and your should look for swing BUYING opportunity. ✔️Element 2 - Key Level You should look for a trading opportunity from a key structure. IF the market is bullish, you should look for buying from a key horizontal or vertical SUPPORT, WHILE if the market is bearish, you should look for shorting from a key horizontal or vertical RESISTANCE. CHFJPY is currently approaching a rising trend line - a key vertical support. Please, note that if the price is NOT on a key structure, you should patiently wait for the test of the closest one. ✔️Element 3 - Confirmation Once the market is on a key level, do not open a trading position blindly. Look for a confirmation - for the sign of strength of the buyers, if you want to buy or for the sign of strength of the sellers, if you are planning to short. There are dozens of confirmation strategies, one of the most accurate is the price action confirmation. Analyzing a 4H time frame on CHFJPY, we can spot a falling wedge pattern. While the price is stuck within that, the minor trend remains bearish. Bullish breakout of the resistance of the wedge will be the important sign of strength of the buyers and can be your strong bullish confirmation. Following these 3 conditions, you will achieve high win rate in swing trading. Try these techniques yourself and good luck in your trading journey.
OANDA:XAUUSDEducation
by VasilyTrader
3
How To Use Total Market Cap ✨We can use Total Market Cap to analyse when it's best to go bullish or bearish on the crypto market. A growing market cap can indicate investors' interest and their positive evaluation of the current market state = bullish whereas a stagnant market cap would indicate that investors are taking their money away from the crypto market = bearish. By analyzing the Total Crypto Market Cap weekly chart, we can see 5 clear waves to the downside, which means we are either in motive wave 1 or in wave A of a zigzag pattern. For both cases, we are expecting an ABC correction opposite to the recent 5 waves. we have already completed subwave A and finishing now subwave B, expecting subwave C higher. In a zigzag pattern ( 5-3-5) we have: Wave A= 5 waves Wave B = 3 waves Wave C = 5 waves Therefore, our mission for the long term is to catch the impulsive waves of wave C after wave B. But for now will be focusing on catching subwave C of wave B. We will be using this chart as a guide for the other cryptocurrencies charts. Stay tuned for more Crypto analysis!
CRYPTOCAP:TOTALEducation
by WicktatorFX
3
Low stress style of trading using EWT, The Pivots, 60" candlesI used to daytrade, in and out all day and night, but now I feel that is playing into the hands of The rich brokers on Wall street. So I came up with a much lower stress style of swing trading, based on Buying the ES when it reaches S4 or S5 in 60" candles and shorting by using SPXS (tripple inverse Spyders) along with everything else I know. One of those things is Elliot Waves, and I repeat we have 3 sets of 5 waves up from 2008 a series of waves down off of all time highs, a countertrend (DOWN) rally up on a 4th wave, this created a Tripple Thrust pattern one of the most powerful Elliot Wave patterns. The green lines are my targets, but we won't go straight down there, we will have mostly up days, and selloff days, I will stick to my 60" charts, and the pivots for entries and exits to maximize profits. I believe we are long overdue for a correction, a Bear market, 14 years is a very long Bull Market. When i am chatting in the room, I try and give insights to daytraders, but know my trades are not in and out 600 times a day as explained above. A big part of my trading style is predicting the moves of the Rich Brokers and Bankers who own the gambling casino on Wall Street. IMO they never lose. I have a gift for interpreting charts, and calling out moves, i don't know why I was given this gift. I shouldn't have bragged in the room, by challenging someone to find a wrong call I made over the last 5 years, I was just trying to establish credibility quickly as i have been away awhile.. many new people who don't know me. I believe my posts are educational, but are written in an entertaining way hopefully.
CME_MINI:ES1!Education
by dryanhawley
1
Broadening Formations and Order BlocksLast cycle price bottomed 59 days before halving. I expect lots of traders to be aware of this fact and buy around that time which is around February 16. Given this knowledge I propose buying before this day in order to "Front Run" those traders. If you expect a huge wave of buyers are coming in anticipation of the halving you want to buy before them because they will push up the price making it more expensive for you later on. Additionally, at the start of the year there tends to be lots of new institutional buying due to rebalancing and new allocations from larger players. This is why I have highlighted the region from Dec 28 to Feb 16 as the key time to pay attention to look for a bottoming formation. It encompasses some time just before the start of the year that gets you ahead of institutional money and about a month and a half before Feb 16 which is 59 days before the halving, this gets you ahead of Traders buying in anticipation of Halving. During this Date Range I will look for a bottoming formation which is a sharp rejection from some of the Order Blocks in Blue OR sharp rejection from Broadening Formation support lines (in downward sloping in blue, there are 3 of them.) For the latter it does not necessarily have to touch the support line once it drops below a prior touch of that line you can start looking for reversal patterns. Using OBs there are 3 main levels just under 20k, 15k-17k, and just under 12k. The OB just under 20k that includes the low from March corresponds to a fib retracement between .618 and .786 which is the target entry zone after a market structure shift which occurred at the start of the year once we started seeing Quarters with Higher Lows and Higher High instead of Quarters with Lower Highs. However Smart May want to manipulate the price lower to get better fills. The 1 Week OB in Blue just under 17k and in Bold indicates its high degree of validity because it has not been revisited and has a FVG just above it (because there is no overlap between that Red Weekly Candle and the 2nd Weekly Candle after that). It seems even more valid because there was a very strong markup on the 2nd Weekly Candle after that. There is very strong evidence to suggest this was a Smart Money accumulation level too because of the Markdown --> Accumulation --> Markup pattern that played out. Overall, just under 17k is a zone with strong Institutional Demand. It could include a drop to just under 15.4k to sweep the lows as there tends to be retail liquidity around swing lows. A third possibility is just under 12k to touch the lowest Order Block, which is the last Red 1 Month Candle before a strong rally that left behind a FVG. This would also correspond to lowest broadening formation support line. In summary between Dec 28 and Feb 16 I will look for a reaction at these key price levels just under 20k, 15k-17k, and just under 12k to buy Bitcoin. One strategy could be to buy 20% of your desired position at just under 20k, 60% at 16k, and the remaining 20% at just under 12k if it reaches. Which level do you think is most likely? How would you go about buying it?
COINBASE:BTCUSDEducation
by rorodr