In this series of chart patterns, we have taken a look at the more traditional ones. However, we have not yet discussed harmonic patterns. Harmonic patterns form a part of the numerous chart patterns available for the identification of reversal points. The practice of trading using harmonic patterns is often defined as "Harmonic Trading". We felt like it was an...
Warning: This is not any financial advice, real scenario may be different. This is something that I'm expecting on ETH Crypto peaks are usually marked by blow off tops, and an extreme mania/euphoria phase. I expected the last crash from $4.3k levels last time to be the top, but then, the buying pressure, proved it wrong. There was ample demand, and now it is...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely...
On 25th October 2021 USOIL reached our price target of 85 USD per barrel. After that we announced that we would not be surprised to see shortlived correction since USOIL reached overbought condition in the short-term. Now it is clear that price retraced from high of 85.39 USD to as low as 80.62 USD today. It is likely that correction will continue little longer...
Shiba Inu price nearing the moon as bulls quickly push toward $0.0001. SHIB's market cap grows to $42 billion, becoming the ninth-largest cryptocurrency. Shiba Inu is like a 100 meter Olympian on steroids, sprinting to new all-time highs (ATH) every day. The meme-based coin has brushed its shoulders with $0.000088 for the first time in the history of its...
It is easy to get confused with overflowing information about market structure in the trading world. To simplify things we have come up with a way of analysing market structure simply by marking each high or low. In this particular example, you can see that higher lows were being created all the way down the bearish trend, so we knew that it was a seller's...
I will keep this post short, so you can get a general idea of this trading style. First of all , we have a situation where the price could not make a new ATH in 200 days. It's important to notice that we can draw a clear structure with well-defined limits because the price stayed in a clear range between 146 and 114 Now that the structure is clear, it is easy...
You can run a perfect (5) wave on this chart. If that yearly candle closes as a gravestone doji. The ABC correction will go under the 4th wave. Between $2,500 and 1k should be the next bottom if this ChART is correct. How many you think will HODL this and talk about SATs being the standard if this plays out? Saifadien Ammous will be a laughing stock. Plan...
On morning's Live Stream we discussed USDJPY. Last week the price reached a key weekly resistance cluster. Bears started to push and today they managed to violate a rising parallel channel to the downside. I believe that such a breakout may trigger a strong bearish continuation. The price may drop to 112.1 structure soon. ❤️Please, support this idea with...
The prediction today is that COINBASE:ETHUSD Ethereum is looking quite strong — much like a technoviking in their prime.
Terra (LUNABTC) is another altcoin that has its own chart and cycle. Terra is within the TOP15/20 Altcoins by market capitalization and this is why it gets to move before the "herd". When we mention "Altcoins" we refer to all Altcoins minus the TOP15/20, because these can behave differently than the rest. LUNABTC we can look at it as FTMUSDT. If you read the...
This week, we will be taking a look at the ingredients that go into creating and posting high quality trade ideas. While many think that a good trade idea begins and ends with finding a high probability chart setup in a liquid, volatile asset, the *best* trade ideas often combine multiple disciplines - which could include macroeconomic analysis, fundamental...
Earlier this year, Amazon made the shocking statement that founder Jeff Bezos would step down as CEO starting in Q3 2021. According to Amazon's announcement, the post will be filled by Andy Jassy, who earlier managed the company's fast-growing cloud computing business. Given that Bezos will have to live up to his class, the pressure is on. Next week, when the...
Hello TradingView Family, this is Richard, if you like the idea, do not forget to support with a like and / or comment. BTC is now in a correction phase / short-term bearish trend - after breaking below the last low marked in red. The bears are clearly in control for now since BTC is making Lower Lows and Lower Highs. However, the bears seem to be...
The Market's longer term uptrend still intact. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or...
Hey traders, Rising wedge pattern is one of the most accurate price action patterns. Being relatively simple to recognize, it is applied in various trading strategies. ⭐️The pattern itself signifies the exhaustion of bulls. Even though the asset keeps growing in value, the price action legs contract forming a narrowing channel. Being stuck between two...
Tesla faced a massive setback in February 2021 where Tesla had some serious quality and safety issues affecting the acceleration and the batteries catching on fire. In China, the biggest market outside of the US, Tesla was being berated by regulators. This could be one of the reasons why the stock price of Tesla dropped over 35%. Unfortunately Tesla also faced...
Intel beats the expectation by 53% yet opened 11% lower after the earnings and revenue..! This is why I usually do not like to hold stocks before earnings! This is happening when P/E:11 EPS:4.53 DIV YLD: 2.48% and fundamental analysis fair price for INTC is 63-68. INTC is a Blind Buy at 43-45 zone and Blind Sell at 67-69 zone. This trad set up generates 50% easy...