(In this guide I will attempt for explain Market Structure in the most simplified and easy to understand terms) WHAT IS MARKET STRUCTURE? Market structure is the overall framework of a market that helps traders understand price movements and trends. Think of it as the skeleton of the market, showing how prices move over time and where key levels of support and...
New ALL TIME HIGH in the near future for NAS100??? While the possibility of a new All Time High and a push up further up for NAS100 is foreseeable. We have to keep in mind that there is a strong resistance level (0.618 shown) that has been holding its ground, to say the least. October could set the tone for the remainder of the year, if it could go above and...
BTC Bull Run could start officially in November IF it could do one thing this month... Breakthrough and close above $65 162.58 by the last day of October. The Fibonacci golden pocket (0.618 & 0.65 - shown in image) has been a strong resistance level so far, rejecting each month from July as seen and now in October it is approaching that area, luckily it is still...
There is no doubt that the Fibonacci tool is the most powerful and most used tool amongst traders worldwide, and there's a pretty good and simple explanation to that, IT WORKS. I mean, I've been trading since late 2013 (damn I'm getting old), and have been implementing Fibonacci into my analysis ever since. It's truly a great tool which shows us powerful support...
SUPPORT & RESISTANCE is one of the most important key elements in trading. Without knowing the key Support & Resistance levels, you will never have a true understanding of where the market could go to or reverse from. One very important factor worth knowing is the markets overall, trend Support & Resistance levels. While there are a lot of different methods in...
Bitcoin recently hit a support level which for the past 4 days has been rejecting and bouncing off from. The support level consisted of a Monthly Pivot Point and a Fibonacci Golden Pocket (ratios 0.618 and 0.65). Today the market is trading above a Daily Pivot Point. We now have our first Resistance Level which is the Fibonacci Golden Pocket at 63944.45 to...