Bitcoin struggles to break through Dec 17 daily close. In this video I discuss how Bitcoin could not break through the high from Dec 17 close ($106,187), and how that has been a significant resistance level even though Bitcoin has traded higher intraday, it has not been able to close above that level.
Chartanalysis
3 Must-Know Chart Patterns to Spot Winning Trades!Morning Trading Family
Understanding chart patterns is super important for trading success! In this video, I’ll walk you through the top 3 patterns every trader should know: Head and Shoulders, Double Top/Bottom, and Bullish/Bearish Flags. I’ll show you how to spot them, when to jump into a trade, and how to manage your risk. Whether you’re trading stocks, forex, or crypto, these patterns can make a big difference. We’ll even look at live charts together to keep it simple. Let me know in the comments which pattern is your favorite!
Kris/Mindbloome Exchange
Trade What You See
$GCT BTO to be a beautiful $30 Strike 9/24 Options @.15 PremiumNASDAQ:GCT With strong fundamentals we know the price distributed to the lowest prices in over a year. It is now cognizable to construe this as a false bear pattern which has quickly evened out into a butting bull play, especially for a very cheap option with possible, exploding volatility which can be on the rise any day.
Look at supply / demand zones, support and resistance zones and the price movements that bring to light the emphatic connection you have with the stock market.
I expect my $30 option to be exercised by about August 29th wherefore, I think it will accomplish its alarming intent. Because, this is the first video I've done on #Tradingview. Moved out of whim, and caprice, I had to furnish my thoughts to make them manifest and foster right in front of me. :D
Ace Trading Academy - AUD/USD Pre-week Analysis Full BreakdownIn this video, we thoroughly review how last week ended and how the upcoming week will potentially set up in AUD/USD based on previous price movement.
We plan to see an initial retest at the beginning of the week and a continuation of the current 2-week uptrend after the retest.
We labeled trading zones, Support/Resistance points, and trend set-ups.
Take a listen, like and follow if you take value from this video.
More value will be coming soon!!
Bitcoin - The halving breakout!Hello Traders and Investors, today I will take a look at Bitcoin.
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Explanation of my video analysis:
On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending trendline - always rejecting towards the upside - and there is also a horizontal structure at the $67.000 level. Just don't get caught up in the short term moves.
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Keep your long term vision,
Philip (BasicTrading)
Jan 1 2024 - a look at TSLA - breaking through a long resistanceHere I can see that we are getting close to my 2 to 3 year, long resistance, line and that it looks like we’re about to break through if we do that’s wonderful. I would say that I haven’t bought enough if we don’t that’s wonderful I would say I’m excited to buy more it’s not about the definition of where it’s going it’s about watching and predicting the entering exit points always there is only one version of long-term and that is you buy and you don’t look at the marketand this is more for daytrading and swing trading and shorter term trading where you buy and sell and buy and sell and so I look at that on both sides. I look at the long term where I put in 50% of my investment for a long-term gain but in that same investment if I hit points where I see strong resistance, I’m gonna sell part of that take profit let it drop and buy more so we’re looking at that today January 1, 2024.
Weekend Update on Nasdaq Futures Here i am discussing my take on the today's price action and also my game plan on tomorrow.
I am also discussing the current scenarios and the probabilities for what is going to happen on intraday basis. I try analyze the markets with the most unbiased way possible. Here is my complete analysis for today's session and for tomorrow's outlook. Please feel free to comment and share your views and feedback.
Thanks
How to fade breakouts professionally from my 30 years experienceIn this detailed education video i show how i mainly make a living as a protrader. This is from fading breakouts of chart patterns. I show three examples of this in the past week from the nasdaq and talk about confirmation bias. I also show what its like drawing lines and patterns daily, win/ loss ratios as well as some thoughts of where the nasdaq might go in the next few weeks.
Didn't see that coming.. | Was there any clues I left unnoticed?NASDAQ:CGC - REKKKT
This is not supposed to happen before factor X (luck?).
IMO I think I did with the analyzing solid job. Please, no matter how small thing it might be. Let me know in the comments to improve
I'll walk you through my thoughts:
The Canopy Growth Corporation hit it's bottom on Fri 07/14/23. It fired up those Dank fueled rockets to head outer space with +350% gains.
I started to see exhaustion after the first pullback. After this the chart doesn't show the same momentum and there's some divergence that will be reappearing theme the following days.
You start to see decline as one would expect after this kind of run. My interpretation is that according to price action, it's starting to form a descending channel pattern. When the double top formed I was convinced the following day would come down crashing.
This happened instead. Can I blame bad luck or was there other factors that needed to be addressed?
Just like in the game of poker you will run into situations where you lose to one outer on the river. Please leave a comment and let me know what is your point of view. Thanks! I salute you all🫡
USD/CAD HTF and LTF Trades Breakdown and AnalysisOver the past few days i've posted a few trade ideas and setups specifically in regard to the USD/CAD pair.
In this video I walk you through my thought process for the overall future of the pair in addition to a breakdown of the trades I took (2/3 have hit their take profit so far) and my setup for taking them.
This is my first analysis video so I apologize if it's a little long - tried to get as much helpful and pertinent info in as possible. As always, feel free to reach out with any questions, comments, requests, etc!
Happy Trading!
- FourXTrader
Back to Basics - How I analyse markets..1. I look first at a daily chart and determine what is the trend. For the US dollar Index this is quite an interesting juncture - it has been in a down trend since September 2022, but has recently rallied from 100.69 to about 104.00. Is this just a correction higher or could this be a change of trend?
2. To answer that question I look at longer term charts. Firstly, the monthly chart and I note that the market has recently bounced from its 20-month ma and that the long-term trend for the Dollar remains bullish.
Then I look at the weekly chart and I immediately notice a key week reversal from a couple of weeks ago and I also note that the 103.96 level is a key level of resistance, not only is it the 23.6% retracement of the move down from the September peak, but also the high seen in 2020.
3. So the break of down trend, the key week reversal and the bullish long-term trend suggest that upside pressure for the US Dollar may be attempting to reassert.
4. I go back to the daily chart, and I note the relationship of price to the moving averages (I use 20, 55, 200 day simple moving averages). I note that the market recently tested and held the 20-day ma around 102.50. That both DMI and RSI are neutral, and that cloud resistance also comes in around 104.00. So clearly the 104.00 region on the chart is tough resistance. What I am doing is noting the support and resistance levels.
5. My analysis leads me to the conclusion that the market is in consolidation mode short term, but for now while above the 20-day ma we are willing to give the upside the benefit of the doubt as we have recently seen a key week reversal below the market.
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