solana in a bad situation :According to CoinMarketCap, SOL is the tenth largest cryptocurrency by market capitalization, but it may lose its position at the top as a result of the growing drama surrounding the FTX exchange. FTT and SOL tokens have been sold off after information about the possible insolvency of Alameda Research, an affiliate of FTX, and its CEO Sam Bankman-Fried became public. While it is clear that FTT is a native FTX token and a major asset in Alameda accounts, little is known about Solana. At the same time, Alameda has $1.2 billion in SOL on its balance sheets, according to the data. Experts note in this regard that, in addition to the pressure on the SOL price caused by
B-market
2B Trading PatternIn an uptrend, if a higher high is made but fails to carry through, and then prices drop below the previous high, then the trend is apt to reverse. The converse is true for down trends. This observation applies in any of the three trends; short-term, intermediate-term, or long-term.
A 2B on a minor high or low will usually occur within one day or less of the time the high or low is made. For 2B's on intermediate highs or lows preceding a correction, the new high or low point will usually break within three to five days. At major market turning points, long-term 2B's, the new high or low will usually break within seven to ten days. In the stock market, after the new high is made, the failure to carry forward usually occurs on low to normal volume, and the confirmation of a reversal occurs on higher volume.
The above can be found on the internet, just look up 2B chart pattern.
I would usually recommend your default as being, sell low, buy lower. & buy high, sell higher.
My next trading mantra would be that double bottoms are not Support, and double tops are not Resistance. They are where the stops are. And therefore a major target.
But every now and then the market does turn. After a period of impulsive moves, the market comes to rest and goes into a consolidation. It may make one last attempt at continuing the prevailing trend, only to find there are fewer market participants willing to push it on. This is when you look for 2B's
BTC Detailed Top-Down Analysis - Day 95Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
95 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
ETH might perform a bullish move on the short termAs you can see ETH is was moving in a trend channel and broke out a bit to the down side. The question is: Will it move back to the channel? If yes my target would be 1663. We are in a semi bullish environment so there is a chance.
It is just my speculation. Always do research before taking a trade position.
MH Indicator on GBP/USD Vs. EUR/USD: Intra-day case study5-trade days (26th October 2022 to 01st November 2022), the MH (Market Hedge) Indicator was used to spot the Buying/Selling opportunity in the most correlated currency pairs of the World. In case of pairs trading one asset (GBP/USD) is bought/sold and simultaneously the other asset (EUR/USD) is sold/bought.
In Currency trade, the most widely used leverage is 1:100, however, in the present case study, the leverage ratio was kept 1:50 (to be safer).
Results: ROI was 57.26% in total of all the trades closed as encircled in the Chart. Out of the total 20 closed trades, only one was closed with losses (only $ 1.67 USD), highest profit from one trade was $ 7.38 USD, closed at 8:30 pm on 28th October 2022. Hence, you may assume the Risk-Reward ratio as 1:20 (0.05).
Happy trading with MH Indicator
Team, InvestSystemic
US100 - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for US100 .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Catching a Falling Knife with AMD on the 30 minute chartBetting on a price increase after a sharp price decrease is called "catching a falling knife". In fact, you may have heard someone say, "don't try to catch a falling knife." The analogy is meant to sound dangerous because it is very risky to buy a stock that is dropping rapidly. The hope is that if you time it right, you will get in at the bottom and make big profits. The opposite is true as well, but catching a knife thrown upward sounds like an even worse idea.
I would like to suggest that it's possible to profit from a knife-catching strategy if you manage your risk and timing properly.
In the chart for AMD, I've marked the opportunities to catch a falling (or rising) knife, which have been occurring on a daily basis for the past week.
For AMD, a price bottom has typically been forming after the price has dropped significantly over the previous day. And a top has formed after the price has risen significantly over the previous day. Sometimes it's not clear if a bottom or top has formed such as on October 25. In that case, it's a coin flip (50% chance of being right).
The key to success in this strategy is to set a tight stop loss and to buy or sell short during the pre-market (yellow-shaded area). There were at least 6 excellent opportunities last week to do this.
Unfortunately, I wasn't paying attention to AMD until the morning of Friday, October 28. I saw the opportunity and realized that there was no way my order would have a chance to go through when the market opened if the price was making a dramatic move. I bought a half hour before the market opened (9:00 AM Eastern) and set my stop loss below the low reached post-market the previous day. Once the market opened, the price was already climbing and I got out before 10:00 AM Eastern. My risk-reward ratio was 1:5. That is, I risked 1 dollar for every 5 dollars I profited. Not too shabby.
It appears that Monday is going to be another great opportunity, and I will be watching the pre-market closely. I will be setting a stop loss at 62.30 and a take profit of around 59.50. Although I will be watching for the right time to get out, which is usually when the price reverses, and I chicken out as I did on the 28th.
Monday's trade will be going against the larger trend which I believe is heading to 73 by the end of November. See the link to my longer-term analysis of AMD.
This is not a 100% fool-proof strategy, and the conditions that make this look easy can change completely and without notice. Also, the volatility can stop you out too soon. Take a look at October 22 for an example of where I would have been stopped out and lost out on the subsequent big move.
Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
I'd like to add that developing these analyses is a powerful educational tool for the one doing the analysis (namely me). It helps me formulate my thoughts and plan my trades so that I can make the best decisions possible. I'm training my brain to eventually do this automatically when I glance at a chart. It's a skill that I hope will benefit me for the rest of my life. I hope you enjoyed reading as much as I did writing. Give some thought to publishing your own ideas. I highly recommend it. Have a profitable week!
Market Structure Identification ✅Hello traders!
✅ MARKET STRUCUTURE .
Today we will talk about market structure in the financial markets, market structure is basically the understading where the institutional traders/investors are positioned are they short or long on certain financial asset, it is very important to be positioned your trading opportunities with the trend as the saying says trend is your friend follow the trend when you are taking trades that are alligned with the strucutre you have a better probability of them closing in profit.
✅ Types of Market Structure
Bearish Market Structure - institutions are positioned LONG, look only to enter long/buy trades, we are spotingt the bullish market strucutre if price is making higher highs (hh) and higher lows (hl)
Bullish Market Structure - institutions are positioned SHORT, look only to enter short/sell trades, we are spoting the bearish market strucutre when price is making lower highs (lh) and lower lows (ll)
Range Market Structure - the volumes on short/long trades are equall instiutions dont have a clear direction we are spoting this strucutre if we see price making equal highs and equal lows and is accumulating .
I hope I was clear enough so you can understand this very important trading concept, remember its not in the number its in the quality of the trades and to have a better quality try to allign every trading idea with the actual strucutre
General Market – True Market Leaders?Here are the dates when the next wave of potential True Market Leaders (TMLs) have broken out.
We are seeing mixed action.
🟨 Yellow notes shows the stocks that are still above their pivot point
🟥 Red shows those who have been more volatile and have breached the pivot point
DXY - Rejection Zones!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DXY is overall bullish trading inside the rising broadening wedge in brown, and it is now approaching the lower brown trendline acting as a non-horizontal support zone .
Moreover, the zone 109.0 is a strong support zone.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
As DXY approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
In parallel, as DXY approaches the upper purple zone and blue resistance 113-114 I will be looking for bearish reversal setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
20 reason for buy gold update 01/08/2022
1 Structure 12: bullish
2 imbalances: filled
3 Current Move impulse
4 Entry TF: h1
4.1 ETF Structure: bullish
4.2 move: bullish
5 Support resistance support at the h4 order block
6 FIB: trigger event Occurred
7-candle Pattern: spinning top
8 Chart Pattern: double bottom
9 Volume: Execution
10 Momentum: support at 40 measure by rsi
11 Volatility: lower band support Bollinger bands
12 strength: Adx sideways
13 Sentiment: buy
14 Final conclusion: buy at the point
15 Buy /Sell/Wait: buy
16 Entry: right now
17 Stop lose: 1637
18 Take profit: 1690
19 Risk to reward Ratio: 1:5
Excepted Duration: 2 days
Probability of Rally Failure is 90% There is an important study, that estimates the success of a Follow Through Days depending on how close a Distribution Day is observed. Look at the annotated chart on SPX.
In essence if we observe Distribution Days close to the FTD then the probability of Failure is high. (Failure is defined by undercut of the Day 1 Rally Day ). Study is courtesy of IBD Research. I have annotated the zones in Red, Yellow and Purple below.
🟥 Red Zone - Distribution Day 1-2 days after FTD: 95% Failure Rate
🟨 Yellow Zone - Distribution Day 3 days after FTD: 90% Failure Rate
🟪 Purple Zone - Distribution Day 4-5 days after FTD: 30% Failure Rate
We observed first Distribution on Day 3 and another one yesterday on Day 4 (white bars on chart) - this is why I have labeled all my trades as High Risk - since, I wanted to see how we are to perform first week after FTD.