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Wave Analysis

Bitcoin and Elliot playing in the waves of time!This chart by no means is a price prediction. It's a look into a possible future for bitcoin in the coming years based on Elliot wave theory. In this chart I am are assuming that Bitcoins next move is the start of wave 5 in Elliot wave theory. When ever it ends the theory states that a massive ABC correction will follow, which would kill the mania and be bitcoins first true BIG bear market. This correction ( crash ) would not only be devastating by price but also by time, as it would most likely last multiple years and be the longest bear market to date. It would physiologically kill the market, and it's this this bear market that would likely kill all the shit coins and show which projects will last for years to come. It's only a devastating crash like that would cleans the market of scams, that would then catapult all the survivors to the next level in the eventual impulse wave 3! Time frame My time frame for this to start is 2026 to 2029. It all depends on how long it takes for the first impulse wave of wave 5 takes. How long will the bear market crash last? The question that everyone would answered is the one question that no one can answer. It could be that some or most people might not see new highs for the rest of their natural lives... So 10 to 30 years... But I would say most likely 10 to 15 years would be in the cards. What about adoption? I believe that in this bear market is when the true adoption and the realization of the use and necessity of Bitcoin/blockchain/defi to the masses. This is where Bitcoin gains critical mass in my opinion, but it will take a long time. This is all hypothetical of course providing we haven't lost technology through war or any other interruptions. This is my outlook for the next decade or so, but I might be getting ahead of my self. Let me know what you think in the comment section down below. Thanks for looking *The only certainty is, that there is no certainty *
BNC:BLXEducation
by WeAreSat0shi
Chart Patterns - Bear Market Scenario Hi there, i have been sharing the chart patterns which are seen on any type of price charts. (CANDLESTICK CHART) and after research and experience, i see that the price move via various ways or concepts. as per my experience, i see that the price move via waves & correction, and react to supply and demand levels. please share it and one may need it. and this is seen any type of instruments like stocks, forex, commodities, Futures & options. crypto. etc. in time frame for BEAR MARKETS ONLY. Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:PATANJALIEducation
by Tradelikemee
Classical Chart Patterns - Bull MarketsHi there, i have been sharing the chart patterns which are seen on any type of price charts. (CANDLESTICK CHART) and after research and experience, i see that the price move via various ways or concepts. as per my experience, i see that the price move via waves & correction, and react to supply and demand levels. please share it and one may need it. and this is seen any type of instruments like stocks, forex, commodities, Futures & options. crypto. etc. in time frame for BULL MARKETS ONLY. Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:PATANJALIEducation
by Tradelikemee
💨 Elliott Wave Pattern: Triangle 🌊●●● 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (T) __________________________ ❗️❗️ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙧𝙪𝙡𝙚𝙨 ● A triangle always subdivides into five waves. ● At least four waves among waves A , B , C , D and E are subdivided into a single zigzag . ● A triangle never has more than one complex subwave, in which case it is always a multiple zigzag or a triangle. ❗️ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙜𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Usually, wave C subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves. ● Usually, wave D subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves. ● Alternating waves of a triangle may be in Fibonacci proportion to each other by a ratio of 0.618 for contracting triangles and 1.618 for expanding triangles. For example, in a contracting triangle, look for wave C to equal 0.618 of wave A . ● A triangle can be wave 4 impuls, wave B of a zigzag , wave X of a double or second wave of an X of a triple zigzag , sub-wave C , D or E of a triangle and the last structure of a combination. __________________________ ●● 𝘾𝙤𝙣𝙩𝙧𝙖𝙘𝙩𝙞𝙣𝙜 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (Contr.T — CT) ❗️❗️ 𝙍𝙪𝙡𝙚𝙨 ● Wave C never moves beyond the end of wave A , wave D never moves beyond the end of wave B , and wave E never moves beyond the end of wave C . The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C . ● Waves A and B never subdivide into a triangle. ● In a running triangle, wave B should be no more than twice as long as wave A . (Q&A EWI) ❗️ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Sometimes one of the waves, usually wave C , D or E , subdivides into a contracting or barrier triangle. Often the effect is as if the entire triangle consisted of nine zigzags. ● About 60% of the time, wave B goes beyond the beyond the start of wave A . When this happens, the triangle is called a running triangle. __________________________ ●● 𝘽𝙖𝙧𝙧𝙞𝙚𝙧 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (Barr.T — BT) ❗️❗️ 𝙍𝙪𝙡𝙚𝙨 ● Wave C never moves beyond the end of wave A , wave D never moves beyond the end of wave B , and wave E never moves beyond the end of wave C . The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C . ● Waves B and D end at essentially the same level. ● In a running triangle, wave B should be no more than twice as long as wave A . (Q&A EWI) ❗️ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● About 60% of the time, wave B goes beyond the beyond the start of wave A . When this happens, the triangle is called a running barrier triangle. ● When wave 5 follows a triangle, it is typically either a brief, rapid movement or an exceptionally long extension. ☝️ 𝙉𝙤𝙩𝙚𝙨 ● We have yet to observe a 9-wave barrier triangle, implying that this form may not extend. __________________________ ●● 𝙀𝙭𝙥𝙖𝙣𝙙𝙞𝙣𝙜 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (Exp .T — ET) ❗️❗️ 𝙍𝙪𝙡𝙚𝙨 ● Wave C , D and E each moves beyond the end of the preceding same-directional subwave. (The result is that going forward in time, a line connecting the ends of waves B and D diverges from a line connecting the ends of waves A and C .) ● Subwaves B , C and D each retrace at least 100 percent but no more than 150 percent of the preceding subwave. ❗️ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Subwaves B , C and D usually retrace 105 to 125 percent of the preceding subwave. ☝️ 𝙉𝙤𝙩𝙚𝙨 ● No subwave has yet been observed to subdivide into a triangle. __________________________ 🔗 References: Elliott Wave Principal 2005 RSWA: Q&A EWI
BITSTAMP:BTCUSDEducation
by TradeWaves-EWA
3
Elliott Wave Quick Cheat SheetElliott Wave Quick Cheat Sheet Note that I post a quick guide for beginners. I was struggled as a beginner but thanks to my mentor. (I post a quick guide here as sometimes I need to peek as for my cheat sheet) By now we all have learned patterns like Head and Shoulders, Wedge, Triangle, Double top, Double bottom, Pennant (literally a triangle or diagonal), bear/bull flag. Until I discovered Elliott Wave, it answered why we have these patterns but there are 5 core patterns of EW: Impulse, Flat, Diagonal, Zigzag and Triangle. I think Elliott Wave patterns are more advanced because you can see the whole picture even 200 years old chart of SPX. What is Elliott Wave Theory? Found by Ralph Nelson Elliott in the 1930s. "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 and price levels, such as highs and lows, by looking for patterns in prices." - Wikipedia If the trend is impulsive, it must have 5 waves. We have impulsive patterns like impulse and diagonal. The counter trend we have 3 waves patterns like flat, zigzag, and except triangle (5 waves) for a correction. 1) Impulse (53535) Must have 5 waves. Wave 4 never touch wave 1. Invalid if wave 4 touch wave 1. Inside 5 waves, subwave 1, 3, 5 MUST be an impulse wave; subwave 2 and 4 MUST be corrective. If you can't see subwave 1, 3, 5 are impulse, chance is invalid. 1, 3, 5 tend to equal size. When an impulse wave has an extension, wave 3 is usually extended When wave 3 extended, we will have a double RSI divergence to complete a wave 3. If wave 3 is over extended, typically wave 5 is truncated. Important note: wave 2 and 4 have usually different pattern. If wave 2 flat, wave 4 must be zigzag and vice versa. Wave 4 sometimes can be a triangle. Diagonal must have 5 waves. Can be 53535 or 33333 sub-waves. Hybrid 2 types: Leading and Ending Leading Diagonal is the beginning of a trend (wave A or 1). Ending Diagonal is the end of a trend (wave C or 5). 2) Leading Diagonal (only wave A or 1) It can be overlapped but not required. Has 2 entries points (unspoken rules) right at wave 2 and 4. Wave 3 cannot be shortest even if expanding diagonal. 3) Ending Diagonal (only wave C or 5) Usually goes back to starting point. Then it would either direction. Or the starting point can be wave 4 or wave B. The reason I say it would either direction because it depends on where the main wave is. For example we have an extented wave 3. It can happen on wave 5 inside of wave 3. That's why it goes either direction. Leading Diagonal is the beginning of a trend. Ending Diagonal is the end of a trend. Unspoken rule that if wave 1 is a leading diagonal, expect to have an over extended wave structure. When the end of a trend, we expect to have a new 5 wave move for a trend reversal. If we see a new 3 wave move, we expect the correction continues. It's all 3 and 5 that matters. Corrective patterns we have zigzag, flat and triangle. 4) Zigzag has 535 sub-waves. (wave 2, 4, and B) It looks like impulsive but has only 3 waves. Only label it as (ABC) 5) Flat has 335 subs-waves. (wave 2, 4, and B) 3 type: regular, running, expanding Only label it as (ABC) Regular: all size of ABC is equal Running: size AC is equal but B is biggest. Expanding: B is 1 or 1.382 max of size A. C is Fib 1.236, 1.618, 2.236 Fib extension of size AB. For example of an expanding flat, sometimes we call it a double top pattern. Usually C wave can extend to 1.618. 6) Triangle has 33333 sub-waves. (only wave 4 or wave B) Label is as (ABCDE) When you see it, prepare for a reversal or short term reversal. 7) Combination (aka complex pattern) (wave 333) Only label it as (WXY) It's a combination of zigzag or flat or triangle. Fibonacci retracement: When you spot a wave 1 and wave 2 is a pull back wave, look for entry for wave 3 at 0.50, 0.618 or 0.768. Stop loss at starting point at wave 1. In bull market, it only pull back to 0.382.The timing of wave 2 is 1/4 or 1/3 of wave 1. Entry for wave C, the wave B is usually at 0.5, 0.618, 0.786, 1.0 or 1.236 (below starting point of wave A). The timing of wave B is 1/4 or 1/3 of wave A, or it can be equal or twice size of wave A. Fibonacci extension: Wave 1 and 3 and 5 tend to have equal size but when wave 3 extends, it usually extends to 1.618, 2.236 from wave 0,1,2. Wave C can extend to 1, 1.236, 1.382, 1.618, 2.236 max. If extend beyond 2.236, you may not count wave correctly. RSI: Wave 3 and 5 will have bearish divergence. Double divergence if wave 3 is extended. RSI above 40 in bull market. Below 40 in bearish market. But wave 4 will below 70 and complete when have continuation hidden divergence between wave 2 and 4. My observation is between wave 1 and 2, or wave A and B should not have a divergence. My opinion on EWT and how I think to master it: Elliot Wave is a double sword tool because not everybody counts waves correctly and it can hurt you financially. You MUST MUST take some mentorships until you understand why each pattern runs like the way it is in real life. It's a forecast tool so it can be wrong. It hurts. Stop loss is a must. Or better don't trade until you can see a trend. To master it, all you need is check if it's 3 waves or 5 waves. If wave 4 is overlapped wave 1, so the 5 wave move is invalid unless diagonal. Must also master Fibonacci because I think Fibonacci and Elliott wave are husband and wife. Understand both so you can count correctly. Master RSI. If you are struggled to find a trend of your stock, you need to check the index like SPY or Nasdaq or sector, Bitcoin. Because the stock maybe a follower, it can look ugly. The leader has better details of trend. A stock can go ahead before the trend of the index or can be a bit lag behind. If it goes before the trend of index, it will wait. Understand bond yield and dollar index. If you see waves overlap 2 3 times, maybe you should check if it's a diagonal or triangle. Big opportunity if you found one. The sizes of wave 2 and 4 are smaller or bigger a bit but can't be too small or too big. Need to be obvious. Don't try to make it wave 2 or wave 4 because chance is a 3 wave move. I know Elliott Wave is complicated so that's why we MUST memorize the rules and guidance. I wish you the best on trading.
Editors' picks
SP:SPXEducation
by thienlovv
41
GOLD MTF Wave stochastic example for trend reverseSometimes you don't need to count all of the Elliott Waves and pinpointing where the last Impulse started is enough to located the proper Time frame to look for that wave ending on the MTF. in this case the 1 month chart was the relative Time frame for the last impulse upwards (see where I wrote MTF stoch wave start) and you can see that from the Stoch being oversold on all time frames. then notice how the green (HTF) starts curving down at the end with a tap from blue and gray as a potential local top to exit at.. this is often all you need to trade a simple wave without too much complication. Please do not hesitate to ask any questions
TVC:GOLDEducation
by cryptoheat
The Overnight Diagonal That Manipulated Your Falsified GainsNow as of recently I have become submerged into Elliott wave theory. It helps me define order flow on a fractal level and with the implementation of certain other order flow concepts, I can then define the intent of order flow between sessions. Elliott wave is fundamental in understanding market structure. Impulses and Corrections are fundamental in driving liquidating factors into the market and also actually helping in drawing the correct Fibonacci levels as EWT has rules. And as traders we need rules as with every game, but it adds to confluence and the overall strategy in defining well positioned entries. Another Concept I implement is the Volume Spread analysis. Everyone has their take on volume, but volume is their as a leading indicator to show you between each timeframe which transactions were of the dominant force, and also who is the dominating pressure inside each candlestick no matter the time frame. With this knowledge you can then break down each candlestick to define the motive and where and why and to which extent order flow may extend and the overall transactional bias in the market by seeing the divergences between the spread and the volume. This is definitely a good foot print as well blending in session open times and closes. I personally enjoy the killzone theory conceptualized by ICT as it does help with timing and is based around the major session times when volume enters the market. Wyckoff models are a good study as blending volume spread analysis will aid in picking potential market tops and bottoms, EWT sealing the cap with knowing how certain intentions by large market participants are fractalized. This here is the Overnight Diagonal which is very manipulative. Diagonals take time to notice, but VSA helps bring confluence in determining whether or not the timing of a trade is high probability. Remember, then manipulator always win, as that what manipulators are all for, self interest.
OANDA:NAS100USDEducation
by SolidWetFX
2
Sticking to stop loss is a must to do when ((BUYING the DIP))Opening a position without setting a stop loss is a big mistake and it can be disastrous when buying the dip ! Here, we show a tempting setup to open a long position in rectangle (1) . It is of course OK to go long in this setup in the hope of catching possible up coming up going wave shown in green. But without setting a stop loss? Not at all ! Followings are just two simple possible scenario which may happen: Rectangle (2) shows a scenario which may happen if lucky. Although it will bring us profit, believe me it bothers all the traders a lot emotionally. Lots of hopes and fears which makes us nervous. This not only ruin our current trade but also has a powerful negative impact on our next trades. Rectangle (3) shows a terrifying scenario which can whip out all our capital ! Please keep it in mind that " Preserving capital is a first rule of trading ". If you think this is an unrealistic scenario just take a look at ETSY, SHOP, SQ and ROKU. Be aware my friends : what we consider a possible abc form of correction can just be waves 1,2 and 3 of a larger degree wave 1 or A . This concept is shown on the rectangle (3) scenario. It is worth to note what is labeled as wave 1 or A in this rectangle is not end of down side move .There will be another at least same size down side move after a wave 2 or B counter trend correction. See the charts carefully to find out what is next after waves 1 or A. There are 4 major rules in trading : 1. preserving the capital 2. preserving the capital 3. preserving the capital and if successful then: 4. making profit. Hope to be helpful and good luck.
NASDAQ:TSLAEducation
by SaeedSajedi
12
#5 | Running Flag: The most popular pattern in today's chartsHello. Please excuse my use of "respectful language." The last idea has been marked as "not suggested". They said I used aggressive words!  I didn't know that TradingView was made for babies... Anyway, I'm not a native speaker, so I don't know what the H!LL that means... RESPECTFUL LANGUAGE: Today's idea is about corrective waves. The 2nd corrective pattern. RUNNING FLAG. I know the name may sound funny. That's what my RESPECTFUL teachers taught me. They said 90% of the time, if you get this pattern, just expect the price to run away more than any other chart pattern. I can tell you that's true. Most of my profits come from this RESPECTFUL pattern. The running flag is also some kind of accumulation/distribution. It may come in 3 simple waves (ABC) like that one you see on the chart above, or 5 complex waves (ABCDE). It has four RESPECTFUL conditions: The whole pattern must be corrective. Of course... Wave A must not break the low of the impulsive wave. The B wave must break the high of the impulsive wave. The C wave must not break the low of the A wave. The central wave is often corrective, but it's not a required condition in today's charts. (B wave in the case of ABC, or C wave ABCDE) The central wave is the key to understanding the correction. If you can correctly determine it, you will be able to say whether the correction is completed or not. You should know that the structure of this pattern becomes confirmed and complete only if the price breaks the top of the impulsive wave. Otherwise, you can call it "potential running flag". You probably have questions. Feel free to ask. I will explain more later. Don't forget to follow us. Also click that like button to help this post stand up. I MAY USE AGGRESSIVE WORDS IF YOU DON'T.
Education
by UnknownUnicorn38846377
Market Structure: The analysis we use to skip (and we shouldn't)Hi traders, today we want to explain why market structure analysis is as important as a good entry signal strategy. Note: For this article, we differentiate the entry signal from the market structure analysis. In some cases, the entry signal considers also the market structure but in these cases, we could easily split the set of rules into rules to define the market structure, and the rules to enter the market (entry signal). So we will consider it as two steps or phases. One of the most common mistakes (which I did a lot in my trading early years) is that traders tend to focus on finding the best entry signal, the SL level, and the target, which is great but is only half of the work. Only with this part and with proper risk management, you can be profitable. However, this is only the mechanical part of the trading strategy which, in most cases and especially if the entry signal is based on indicators, could perfectly be automated as these are only a set of rules (based on indicators or other technical analysis tools) that trigger the entry signal. What it is as important as the SET (Stop, Entry & Target) is the analysis of the market structure of each asset. By that we mean that we should know: - What is the current cycle of the asset? Where did the cycle start? - Is it bullish or bearish? - Is it impulsive or corrective? - When and at what level this cycle is expected to end? - Which structure this cycle has? - and so on… This is the part that was tougher for me to learn, and it is the part that requires more time and experience. Detect the subtle difference that very similar market structures can have and differentiating them will take you time. Do not misunderstand me, it is not rocket science, but it can be tricky. The market does not use to move on perfect defined structures we can easily identify, most of the time it can be difficult to detect these structures. We use the Elliot Wave principle mainly (but not only) to help us “find” the right market structure of each asset. How we see the Elliott Wave principle (EWP) in one sentence would be: It is a set of rules that help us to divide the market in impulse and corrections to know where and when each of these cycles has started and also to forecast when AND WHERE it is expected the cycle will end. It can sound not too much but believe me it is a lot. Even though the Elliot Wave principle (EWP) rules are perfectly defined, to apply them on the chart would be not 100% objective and, therefore, the same rules can be applied differently by each trader on the chart. This is why it takes more time to identify the right way to interpret and apply the EWP rules to the chart and this is the reason why it is the part that used to take more time for the trader to be proficient in. We see and use the EWP as a guideline or a map structure of the asset we are analyzing, (VERY IMPORTANT) we do not use EWP alone to enter the trade. We use it to know the structure of the asset and to infer the most probable direction that the price will take in the future. With EWP as the base of our trading strategy, we will use other analysis tools like the correlation between the different asset groups or the market dynamics to refine the assets that give us the maximum options of having a winning trade (after applying the entry signal strategy). Another very important point we want to make clear from the beginning is that we should be flexible in our predictions. We do have a clear view of the structure that we think the market is having at this moment for each asset. However, we need to be prepared to be wrong, by that we mean that we need to know and be aware of what are (if any) the other potential structure the cycle we are analyzing can have. This is why we will not enter a trade based on the wave count only and we need the other tools we mentioned before. Therefore, and to wrap it up for this lesson, EWP gives us a lot of crucial information that is the base of all our trading strategies. To summarize it and make clear how we use the EWP, we use EWP to: - Know the Right side of the market for each asset (Long or Short) - Detect whether the asset is in an impulsive or on a corrective cycle and its internal structure - Project the zone where the asset is expected to end the correction (to apply there the entry signal strategy) - Project the level where the impulse wave is expected to end (which would be different depending on the wave we are in) (Target) All these will help us to find zones where we can apply our S.E.T. (Stop-Entry-Target) rules to maximize the overall return of our strategy as it will increase a lot our Winning percentage. Have an amazing and successful trading day TRS team
Education
by TradingtheRightSide
Elliot Analysis on Bitcoin with Tutorial LessonsHi Traders, Hope you Doing Well. Here we have an analytical and educational article on the future of Bitcoin and also the CryptoCurrencies Trend. At first, let's have a closer look at BTCUSD Analysis to find what the plan in Greater View. in general, we are in a 5-wave downward trend, which is forming internal micro-waves from the fifth wave right now (on 2-5 is going to be complete to start the next aggressive wave of 3-5) READ THIS PART TWICE: HOW TO FIND THE TREND? ** To identify the main direction of the trends, you can easily confirm the movement scenario by observing the candles and their strength in both directions, because falling trends are formed with large candles and with strong bodies, and they cause a large fall in a limited number of candles as shown in the chart with a red circle and in contrast to the current corrective or bullish trends with the number of high candles and small candles and the return of any rise, which can easily confirm the scenario of a corrective wave as shown in the chart with an orange circle. HOW TO FIND THE TARGETS ? So now, we are in the middle of correction and This corrective trend can pass up to the range of 50% to 61.8% of its previous corrective wave, it should be a great chance to have a shot at this level (of course if the scenario gets approved by the price)! and this section is match with another level, which will also reach the range of the 2-4 trend line of the previous waves. This marked Fibonacci range is a golden point to confirm the continuation of the bearish trend or the reversal of an uptrend. so we have to watch it carefully. If the downward scenario is confirmed, the next drop can go lower than the previous floor in September and June, and we will probably have a price reduction down to the price range of 13,000-14,000 dollars, considering the impact of Bitcoin on other cryptocurrencies such as ETH and MATIC which I'll post the technical analysis later today, so BTC can bring down the entire market to lower levels with its price correction movement. But since this downward trend will be the last possible decrease in this bear market and maybe there won't be any other lower lows than this one so this downward trend can happen very quickly and even faster than what you expect from it, so it should be accompanied by the necessary reactions to purchase assets at low prices in order to hold, To benefit from the next bull run. SO, WHERE TO BUY So We have Put our Orders on 13,800 $ & 11,900 $ to maybe if the price gets there we can hunt our Bitcoins, And Also about the ETH, we had set our orders on 870 $ which can be the same as the last Low for the 1st step.
BITFINEX:BTCUSDEducation
by SasanSeifi
1
How to define the end of a correction based on time - EWHi EW Fans, made you a CheatSheet how to define the end of a correction based on time. If you are sure about the start of a wave/impulse you can very easy define a possible time "vector" for the end of the correction. Start of the impulse = Zero Top of the impulse = 0.382 End of the correction at the common Fib numbers: 0.681/0.65; 0.89; 1; 1.272; 1.618 and so on. If you combine it with a Fibonacci Retracement Tool (LogScale) you are able to define a price and time "vector" for a possible reversal or for the next impulse/wave. Greetings
BITSTAMP:BTCUSDEducation
by UnknownUnicorn39812589
2
What are the mistakes that traders make?What are the mistakes that traders make? 1. Keeping capital in a place other than a wallet is prohibited! Never store your capital in a place other than your wallet. Sometimes some people keep their capital in an exchange wallet for a long or short period of time. This is very wrong. If your desired exchange where your capital is stored falls into the hands of hackers or profiteers, all your capital will definitely be lost. With this account, we conclude that only when you are going to buy and sell, enter your capital into the exchange and then withdraw your capital again if you want to stop doing this for a while. This is better for you because you can better manage your capital. 2. Greed is forbidden! There are many people who are greedy in global markets, especially digital currencies. People who are active in this area should not be too greedy because if this happens, it may destroy them. Our suggestion to you is that you should not buy with your emotions and let them make perfect purchases at the right time. 3. Excessive risk is prohibited! Risk in financial markets should be equal to greed. If you take too much risk in the digital currency market, you may face many failures. If this problem happens, your capital will definitely be lost. You may have heard that Bitcoin, for example, will have its best price in the next few days. Therefore, after hearing this news, greed comes to you, and this event makes you buy emotionally. 4. Repeating a mistake is prohibited! Before you enter the trading market, you should know that every trade is a lesson for you. In every transaction, you get many lessons that you should remember. No human being will make the same mistake again, and definitely, if this happens to you, you should know that one day you will lose your capital.
BITSTAMP:BTCUSDEducation
by MonoCoinSignal
28
Smart Money Concepts versus Long Money ConceptsFor the past 2 years I'd say I endowed myself in the study of a few technical approaches, and I have to say the most flawed is using smart money concept annotations to build a trade bias, as each annotation from a BOS, to order block can be subjective on every time frame. I feel the overlying goal for any trader is to first align themself with the trend. As you see on this chart, I have a refined, untapped order block on this 15 minute chart succeeding a bleed off in the previous session followed by what most traders perceive as a dead range but it isn't. I've come to notice in these ranges, price tends to scatter interest using a series of corrections on lower timeframes. Flats, Running Flats, and Diagonals are scattering price movements, but nowadays they call them complex pullbacks. Shaking my head. It's complex because the language you are trying to codify the price movements with does not align with the environment. Now order blocks in line with the trend are high probability, but is usually succeeding a correction. I think ever since liquidity became a focal point of most traders as now it is a buzzword, most traders only look for nuances such as CHOCH, which is simply an ABC, with order flow being extending and clear intentions made in the C leg. I mean it sounds cool, but its all buzzwords, and have no relation to the true nature of pricing. Price does not just move, reverse, or stop. It fluctuates in what may seem as unpredictive nature but in all reality its all mathematical and involves keeping a study of price action and the models you build using the same predictive format. Of course with the addition of granularity into the lower timeframes, trying to trade order blocks may seem incomprehensible, because at most times it is. Understanding Price cannot be done with SMC alone, and I feel most traders who do employ the idea of SMC are looking for marketability factors for their trading and more or less uses ICT concepts to overlay their own trading understanding, ICT even said himself that Order blocks are just visual representations. Visual representations of price activity at specific point in time. But what did the order block accomplish? Why are you positioned within the order block itself? This is why I don't trade SMC and removed it from my trading understanding and rather I u It doesn't build enough context. Now lets add context to this bearish order block at (C)5 on the 15M. We can make assumption that the strong order flow in the sell to buy includes the 3rd wave extension as price made a sub minor correction in the 47 percent area of the sub impulse (C)5, which is the (A) wave. At the print of the A wave, the bullish sub impulse was so weak, it didn't shift any order flow on the 4H chart, but in contrast, the correction back into order flow gave print to wider range bear candles in comparison to the previous bullish order flow. Although corrective, price made clear objective to extend price downward over time with a definable 3rd wave extension and impulse back into the untapped supply to demand flip which is another SMC concept. This if course brought in many traders of this concept, and with it trade stops just below the order block which was eventually ran as you can see. Now for everything else. Ill just update the idea if requested. Im tired of typing at this point. Thank you though and feel free to comment.
OANDA:XAUUSDEducation
by SolidWetFX
2
Why is trading so emotional? In August last year, I published an educational post around Fibonacci. There's also thousands of articles and books available on the topic. But how does it fit with being emotional? Often people talk about Algos, smart money concepts and a load of other terms. All trying to make sense of the market, Fibonacci isn't magical or mystical. It's a set of simple numbers that work - due to humans wanting to see patterns in everything they look at. Here's the article from last year - feel free to click it and go through that one as well. The issue I have when educating people - is there is always a desire to find an automated solution. I keep saying, if algos are that good - we wouldn't have school, doctors or firemen; they would all be sipping cocktails on a beach far away! If you want to learn technical analysis, you really need to dig deep into the emotional analysis. People like Dow, Elliott and Wyckoff (for me, are not technical gurus) they merely understood - human psychology made waves, changed sentiment - the bigger players in the markets know this. It's why most news outlets and websites around TA push writers who only talk MA's and RSI's. It keeps fresh sheep on track. The market is all about liquidity - these levels are created at psychological levels & from there, it's copy, paste, repeat. Take a look at this on the current Bitcoin move down from the All Time High. Swing 1 = 618 of A-B Swing 2 = 100% of the A-B Swing 3 = 100% of the A-B Swing 4 = 618 of the A-B Swing 5 = 1.23 range and 1.27 range of the A-B Then even when you step down a level you can see the move inside the moves looking similar. Local support is 618... When I started posting on @TradingView publicly - I explained why we where seeing value areas and re-accumulation for the first times. These levels were starting to show signs of the crypto space being institutionalised. This is important to understand, as much like Fibonacci levels, the price would now act in a different way to psychological levels. In stepped Wyckoff and you could see from before and after - where and why the price would go. Before Here's the AFTER shot. Lucky Guess? Well - maybe on the way back from the 28k levels highlighted in March, the very same fibs became obvious. If we where seeing Elliott waves form you could therefor measure the fib extensions. This was August the 24th - read the comments as to why the drop was coming (4 move) and why we would likely see the drop just above the old all time high. By October we had seen the forecasted extension levels getting hit - a retest followed this and we dropped. So, like I said - there's nothing magical, it's all about sentiment and psychology. Learn this and you will progress as a trader. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Editors' picks
COINBASE:BTCUSDEducation
by Mayfair_Ventures
33
Jumping S-curvesIn this post, I will explain what jumping S-curves means and how you can identify potential S-curves before they jump . First, let's begin with the chart above (also copied below). This is a yearly chart of McKesson Corporation (MCK), a medical supplies company. As you can see in the chart below, this stock has been soaring over the past year despite most other stocks being significantly lower. Here is the performance of the S&P 500 over the same time period. Whenever I see something highly unusual in a chart, such as extreme outperformance, I check the higher timeframes to see what's driving price on a technical level. Below is the yearly chart for MCK. When I examine price action over a long time period, I always log adjust my chart. Below is the log-adjusted chart. Upon seeing this chart I immediately knew what was going on: the stock price jumped S-curves. I will try to illustrate below how I reached this conclusion. To begin, I drew Fibonacci levels from the last reaction low to the last reaction high on the yearly timeframe. The previous reaction low was the bottom of 2008 because that bottom was a Fibonacci retracement of some earlier reaction high, the reaction high is the top in 2015 because price did not surpass that high without first undergoing a Fibonacci retracement (to the golden ratio). As you can see above, from 2015 to 2018 the price retraced down to the golden ratio (0.618) on the yearly chart. It is often from this retracement level that the base of the second S-curve is created. (For simplicity, I only included the 0.618 Fibonacci level on the chart). Some may say that this pattern is merely a bull flag or pennant. (See chart below) Indeed, bull flags and pennants can be another way to visualize S-curve jumps. Whereas, on a deeper, more mathematical level, S-curve jumps are logarithmic spirals (approximated as Fibonacci spirals or Golden spirals). If you wish to delve deeper into logarithmic spirals, including the Golden spiral, you can check out this Wikipedia page: en.wikipedia.org These Fibonacci or Golden spirals are present on mostly every chart and they appear on mostly every timeframe (hence they are fractal ). One of the best charts you can use to visualize these spirals is the chart of Bitcoin. Below are charts of Bitcoin which attempt to show the endless fractal nature of Fibonacci spirals (or "S-curve jumps"). I've only illustrated a few of the spirals, but indeed there are numerous spirals. (I tried to do my best using the tools on Trading View to draw these spirals, but it can be quite hard to manipulate the curves perfectly to price action.) One may ask what about when price falls? That is obviously not an S-curve jump since the price is falling. Actually, when price is crashing it is usually just an S-curve jump, or Fibonacci spiral, on the inverted chart. Although I have not tested it with scientific rigor, I do hypothesize that Bitcoin's price movement is a series of infinitely fractal and competing Fibonacci spirals on various timeframes, including Fibonacci spirals on inverted scales. Price movement can be thought of as an infinite series of S-curve dilemmas where infinitely fractal S-curves, including those of which are inverse S-curves, compete to govern the next price move. Each dilemma is resolved when an S-curve reaches its inflection point, such that it governs price movement and price moves rapidly in that direction until it approaches capacity and faces its next dilemma. Those who know Calculus may recognize this chart. Indeed this is the graph of a logistic function. The mathematical terminology for an "S-curve" is sigmoid function . Here are some more interesting charts of S-curves (none of which is intended to be investment advice) Meridian Bioscience (VIVO) jumps S-curves on its yearly chart The U.S. Dollar Index jumps S-curves on its yearly chart The entire price action of Chinese EV Company (NIO) is an S-curve that just completed a perfect golden ratio retracement Japan's faces a population S-curve dilemma Citigroup underwent S-curve growth up until the Great Recession. Then it crashed or underwent S-curve growth on the inverted chart. In summary, price movement involves an endless series of S-curves or Fibonacci spirals. Identifying an S-curve on a high time frame before it reaches its inflection point and breaks out can lead to tremendous gains (among the most lucrative gains one can realistically make in the financial markets).
Editors' picks
NYSE:MCKEducation
by SpyMasterTrades
22
ROOT CAUSES OF LOSSES IN TRADINGHello, Over time we have spoken about how we can make money in the trading space. Today we take time and look at the various reasons why people lose money in trading. The main reasons why people loose money in the investing/trading space are ; Fear and Greed. This is clearly also shown in Warren Buffett's quote, buy when others are fearful, and sell when others are greedy. It sounds easy but lets take time and understand this two terms. (Both emotions that can make you lose money as well as lose the opportunity). FEAR: The English dictionary defines fear as an unpleasant emotion caused by the threat of danger, pain, or harm. In trading fear is caused by the lack of being ready. This in most cases will lead to traders loosing on oncoming opportunities as well as getting out of trades very early. The Remedy to fear is to make sure you practice a lot and have trading rules that you follow before you make any trades. GREED: According to the Dictionary greed is an intense and selfish desire for something, especially wealth, power, or food. In trading greed is mainly brought about by overconfidence & the thinking that this is the last & greatest opportunity to make the maximum amount of money. Greed can at times be seen when traders hold their trades for long periods of time way past their set targets. The Remedy for greed would be to keep to a strict discipline in your trading journey. More practice will help you overcome the above two emotions that can lead to great losses. Developing a strategy that works for you is very key also in your learning journey. Over my journey I have developed the below rules that i follow before taking any trade 1: I draw structure to make sure the markets are making sense from a trading perspective 2: I then identify the patterns that are forming in the setup 3: I then look at the indicators to make sure they are confirming my trade 4: Identify the future wave (trade I am going to make) 5: Identify the future reversal point (That's my trade target) 6: Have a logical risk to reward ratio (has to be over 1:3 in all cases) 7: Stop loss behind the previous impulse Good luck & all the best in your trading journey. "Practice is what you do that makes you good."
Education
by thesharkke
1