Covering the stream from yesterday and the info from this morning.
Qucik look at the recent price action.
Any clear direction? WELL, not just yet. Here's a quick look at some logic. I am away a few days this week, nothing major in the world of crypto
In all seriousness, Retail are starting to feel unsure of the current situation & for a professional trader, this is by design. So nothing unusual. I have posted several articles going back from the Rocket call as to why we needed this correction. Press play on the idea, you will see it hit the key level much faster than expected. But the point is the levels...
Richard Ney spoke about think of the market like a warehouse, the owners of the warehouse CM (composite man) needs to fill the building with inventory, they need to sell some as they acquire more - issuing news releases of their grand launch. But their whole objective is to buy at the wholesale rate & sell at retail prices. Think of this in a simple chronology...
I have recently recorded a video titled “Fear + Greed = Stupidity” I would say that lack of patience is the number one problem of traders who have come to me for mentoring or education over the years doing this. There is a term used in the industry known as the 90-90-90 rule; 90% of traders, lose 90% of their money in 90 days. Just think about that for a...
Issue with the last stream TV only saved 2mins Again!
This one is more an ask - what is your take on BTC? Scared of the drop? embracing it? or looking forward to "precious" returning to it's former glory? Comment your thoughts on it below; Where is it going? up down, down a little before up? Let's see what the community sentiment is?! Disclaimer This idea does not constitute as financial advice. It...
Apple is a simple one here - it's running out of momentum, the volume is ascending lower as the price moving higher. The new high level here will be a monthly 3 in Elliott terms and therefore we can expect a nice correction. The stochastic agrees - the monthly has a little to go but it's a slow grind up, the weekly stochastic is now in the overbought zone. So...
To be honest, I have not traded stocks for a long time. I started my trading journey in stocks and quickly moved into US Penny stocks. It was similar to the crypto landscape we see today. DMG Blockchain Solutions Inc. DMG Blockchain Solutions Inc. operates as a blockchain and cryptocurrency company. It operates through data centre operations, data analytics...
Here's a quick video view of the Weis Divergence - I have highlighted the up volume & hidden the down volume. For me this is showing a lot of effort and very little result. Actually retail efforts for the price to move lower. See the COT & Elliott view also inside the video. Disclaimer This idea does not constitute as financial advice. It is for...
Quick market update - today will be BTC and some FX
Over the last couple of Months, I have published some educational content here @TradingView and wanted to correlate them into one post as they now cover several pages. Starting with some of the fundamentals and into more of the advanced topics; EACH IMAGE IS A LINK TO THE ACTUAL POSTS Starting with Psychology - one of the most important things to pick up on...
A typical candle will have an Open, High, Low, Close. You will see these referred to in some text, articles and indicators as O,H,L,C Below is the structure of both a Bullish (Green) & Bearish (Red) Candle The cycle shown below, is the action within a candle, think about this – the candle opens at say 100, it dips to 95 and starts gaining ground to 120, before...
Daily update - some interesting points to highlight