Let's shut down negative thinking and look at facts, fundamental and technical facts, which is what makes analysis. Fundamental - Bitcoin is an alternative to the stock market, USD, bonds and Gold. What advantage does Bitcoin have over the others? 1) Limited supply, endless demand 2) Payment solution to beat aged payment services in speed and bureaucracy 3)...
Simple, practical, professional. This is a very technical movement which is reviewed. It's based on the Head & Shoulder bearish candlestick pattern. When a Head & Shoulder pattern breaks, it aims for a movement down the size of the movement up between the neck-line to the head. In this case, the distance between the head to the neck-line is 900 pip , from...
Let's look at facts and be practical. Gold jumped by $30 in the last 24 hours. But is this the beginning of a new rally or a dead cat bounce? 1) Gold kept to higher lows with trend-line support kept since March 2020. 2) Gold broke above consolidation triangle and continued to rally with the bullish breakout all the way to $2070 back in March this year. 3)...
Simplicity is king. 1) Rising wedge 2019 - 2022 - Jan 2022 breakout down. 2) Nasdaq is falling from a crazy over-priced high, big potential downside. 3) Descending trend-line of lower highs since breakout confirm down-trend. 4) Current trading range of the down-trend is 14,600 - 12,800 5) Break below 12,800 - 11,900 to 10,700 will very likely follow. 6)...
There's a great struggle going from profit to loss. A burst of a bubble, which in it's essence is hope. But this is false. The odds are, that your profits were on paper, so how does a loss on paper differ from a profit on paper? Truth is - It doesn't. But what it does do is play with your emotion. Our mind has a tendency of expecting the worst once things...
Think you are the master of discipline? Here's your potential way to make it big trading! Extremely straight forward is this RSI 14 , 30 minute chart strategy. When RSI goes to around 70+ it's time to short and aim for 10-15 pip When RSI goes to around 30 and below , it's time to long and aim for 10-15 pip. You can place your SL with 10 pip lower/higher and...
Let's cut right to the point. Since yesterday's FED meeting Gold rallied by around $40, coming from lows of mid 1850's. Today we have a Jobless claims report which is also expected to be impactful. So let's break down the two aspects of analysis: 1) Fundamental - Inflation is here to stay, hike news yesterday were already implemented to USD before they...
The pennant consolidation opened the week with a breakout and a retest confirmation of the breakout. Consolidation took place between Jan - April 2022, With a high of ~128 and a low of ~88. The breakout is a major bullish technical alert, indicating new daily up-trend. Resistance levels on the new up-trend are: *106.80 - 108.50 *114.60 - 116.40 *125 -...
The consolidation period of close to 12 weeks is likely coming to an end with a breakout up! A close above 102.90 (triangle consolidation resistance level) allowed the price action to proceed with up-trend targeting: *108.30-108.50 *114.80-115 *124 *132 Width of triangle is usually the target of the breakout in terms of size of movement This could make...
Bitcoin is pop culture. It made a lot of people rich and a lot of people lost money. Most people lost because of emotional trading. Smart traders made it big. If we look at Bitcoin from a rational technical and fundamental perspective this is what we come up with: *Upside is still very relevant and could be much more significant than any probable downside....
Simplicity is king. Gold dropped $140 in just ~2 weeks. What is the fundamental excuse? Hints of May rate hikes by the FED. Is this new? Nope. Let's make a quick note - *Buy lows , sell highs is basic. Gold rallied by $300 between Jan to March 2022 with the markets well aware of rate hikes coming. So what pushed the $300 rally? A critical breakout above a...
Hey guys! Really important for me you read the text on chart to understand fully. Accumulation phase means buyers are feeling out the market and price action is likely preparing for a breakout up. Distribution phase means the buyers are offloading their stock, essentially taking profits, shorting traders also enter the market bringing price action down....
Worst national debt in history topping $30 trillion USD. Pandemic damages still lingering and causing shadow of doubt. Global tensions of war add and economical sanctions hurt tech companies, import, export and more. The only shining fundamental light is interest rate hikes. .50 or .75 or 1 percent make very little difference when the economy revolves around...
Hey guys! I'm covering what could be the biggest potential precious metal for the coming year In the video you can expect to learn about the big picture chart pattern and shorter-term expectations with practical ideas to take advantage of it. Inflation is on the loose with probably the worst it's ever been in modern history and Silver is a natural hedge to...
Practicality, simplicity and clarity - The ropes to climb on the way to trading victory. Walls of text, an ocean of opinions and options are the enemy when trading. So let me try and help with making it as clear possible. You guys agree with me inflation isn't going to go away right? It's very likely to get worse. March 2022 was the biggest spike of Swiss...
I speak to a lot of traders, new and veteran. It's surprising to see how so many are not sure how risk is calculated and what the exposure really means in terms of P&L. This obviously is a major block in the road on the way to gaining confidence necessary to avoid losses. So let's break it down - *P&L is calculated by lot size * movement. Example: If you...
Let's be practical. There's 2 ways this can go. (refer back to my 19.4 update about the slip we see in the last few days) 1) Triangle consolidation since the peak of 128 back in March is with a 102.90 resistance level. A breakout above with a daily candle close confirms up-trend breakout and 105, 108, 115 would be immediate possible targets. 2) A breakout...
For 3-5 minutes while going through this forget what you know about trading. First thing is : Let's remember our goal, every successful action/plan started with a clear goal that led the way: In our case it's profit When starting to trade seeing the numbers go up and down plays with your head and emotion quickly tempting you with the unlimited potential at...