Get started

TA

With Major Liquidity Swept and RSI reset Bitcoin is now going UPIn the last few days, after achieving a new all-time high of $108,000, Bitcoin has experienced a massive dump, liquidating many retail traders using leverage. This market downturn was caused by several factors. First, Bitcoin was severely overbought and overdue for a correction. Second, Jerome Powell added to the market uncertainty by making strong anti-Bitcoin statements, dashing hopes of the U.S. adding BTC to its Federal Reserve reserves. As a result, the market saw a steep fall, with major altcoins such as SOL and DOGE dropping over 30%. The Main Question: What’s Next? Bitcoin is unlikely to go up from here in the immediate term. Instead, it may be better to position for a short targeting the $90-91K range. The market might remain bearish over the Christmas holidays, giving “holiday discount” vibes. It’s not a good idea to buy Bitcoin with leverage at this moment. Waiting until next Monday to reevaluate might be a safer option. Technical Analysis: As highlighted, Bitcoin has broken out of an ascending channel and dropped significantly. One of the key technical reasons for this is the overbought RSI. Major resistance is currently around $99.7K , while key support lies between $89.5K and $87.5K . A break below these levels could indicate a strong move in either direction. The most liquidity is around $92.2K , where Bitcoin is likely to gravitate before making an upward move. Additionally, RSI has hit a support level, which increases the possibility of a bounce from here. Outlook: After the holidays and once Bitcoin sweeps the lower liquidity levels, we could see an excellent buying opportunity . There is potential for BTC to reach $118K by the end of January . Moreover, Donald Trump’s inauguration could act as a catalyst to drive Bitcoin’s price higher once again.
Long
by LeoMessi_
1
Doge Showing BUY signal While Using Easy Machine Learning Method TL:DR Currently Analyzing DOGE because one of my clients asked me to create a customized indicator and parameter set for him, and these are the results. Long story short, a backtest shows that the custom indicator and parameter set will yield 7000%+ profit compared to buying and holding DOGE which only resulted in 400%+ profits. According to that indicator, DOGE is currently in another buy state. Let me walk you through how I did it, the details and nuances, and next steps. Please let me know if you agree or disagree with me. I have a breakdown of the script and here is the link for it: www.tradingview.com Here is my general process for validating whether a script will be successful: 1) Determine performance vs buy and hold In the world of technical analysis, you must have a benchmark to compare your results to. Depending on your goals, that benchmark can vary. For my goals, I believe it makes sense to compare indicators directly to the buy and hold scenario, but in some scenarios, it makes sense to use other metrics to compare your indicator against (I'll discuss this in a future post.) When comparing your indicator to a buy and hold, I PREFER to use a 100% order size and this is obviously UNREALISTIC because there aren't many traders who dump 100% of their equity into a single investment. However, because I am doing a comparison test, it is important to max out the indicator since we are comparing it directly to the buy and hold. Similarly, we don't add in any trade costs, which mean I am neglecting the commission, fees, and slippage, which again show this is unrealistic. Again, the reason I do this method is so that I can verify if the indicator is any good or not. A "good" indicator will have consistent results and beat the buy and hold over the course of a long duration with a large number of trades. a "bad" indicator will be inconsistent, which may refer to huge drawdown, or periods of time where it is unsuccessful/unprofitable. The difference between a 'good' indicator and a 'bad' indicator in this context is that a 'good' indicator will be able to absorb some of the trade costs (mentioned earlier) whereas the 'bad' indicator can't be fixed. Trade costs, especially commission and fees, are highly dependent on number of trades. So if a 'good' indicator performs well on a 1 minute chart against the buy and hold, but it starts to fail when trade costs are accounted for, then you can still adjust the indicator or timeframe so that you perform less trades, which will reduce the trade costs, but still maintain the profits. Again, a 'bad' indicator is dead in the water if it can't outperform buy and hold in the first place. In this example, we have DOGE performing at +400% profits. In the same time period, this strategy would have yielded 7000%+ profits in the same time period. Therefore, these results show that the customized parameter set and indicator work well, and should be considered as a 'good' indicator to use for DOGE. The next step is to add in trade costs, and modify the timeframe IF NECESSARY. Most likely, from my experience, a strategy that yields 7000%+ profits won't suffer significantly from trade costs, and will still be SIGNIFICANTLY better than the 400% DOGE buy and hold scenario, which ultimately leaves my client and I with what he requested: a solid and profitable strategy that he can use to alert him when to buy and when to sell DOGE. 🔔If you'd like me to come up with a custom indicator and parameter set for whatever you trade, please send me a message and I'll work on it ASAP and make a post about it! 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 🔔Be sure to follow the updated ideas.🔔 Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by nhbprod
TIA still seems to be bullishFrom where we placed the green arrow on the chart, it seems that TIA has entered a bullish diamond diametric, and is currently in the middle of wave D. We expect wave D to complete and wave E to start from the green range. Targets are $10, $12, and $14. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
4
Technical Review - EuroSports Global Ltd (SGX: 5G1)Our proprietary indicator had spotted a significant uptick in interest in SGX: 5G1 over the past few trading days, with its share price once breached the key resistance level of $0.200. Based on the fund flow indicator (as represented by the red bar), there is collection activities ongoing for 5G1 currently. We remain positive on the upcoming price movement of 5G1 with our short term TP being set at $0.300, which is the previous high level for the company, while supported strongly by the EMA20/50 levels at the current price, $0.175.
SGX:5G1Long
by HASHInvests200
BTC - Short-Term Bearish?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. The BTC market structure has been very clean lately, which I find interesting. 📉Previously, after breaking below the last major lows (marked in red), BTC dipped . 📈Similarly, after breaking above the last major highs (marked in blue), BTC surged . 🔄 If history repeats itself, and the current last major low marked in red is broken to the downside, we can expect another dip in BTC. However, as long as BTC continues trading within the rising orange channel, the overall short-term trend remains bullish. 🕝What do you think? Will BTC break below the channel for a bearish correction to start, or will it keep pushing higher within the channel to test the $70,000 round number? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
23
SCA/USDT NEW INCREASE VOLUMESCA/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets. The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time. 90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
Long
by SatochiTrader
EURCHF BUYSHello guys let me go over why buys were valid on EURCHF and what is my task for a price to complete. As you can see price is clearly in a downtrend. Knowing that strong move needs a recovery and then to continue to the direction of the trend, buy to sell setup made sense to me. As you can see price came all the way down, broke an important structure and created it's own independent trading range. It mitigated the blue line, while making structure shift on smaller time frames. With stop loss being put below the low, minimum RR for this trade was 1:2.5 which is not that bad at all! Let's see what price will do next.
Long
by Tilen_FX
Trust Wallet (TWT)TWT has one of the easiest pattern for future traders and like to repeat its pattern over and over again Trust Wallet price today is $1.08 with a 24-hour trading volume of $11 million and the price is up 4.9% in the last 24 hours. It has a circulating supply of 420 million tokens and a total supply of 1 billion Trust Wallet token is a utility token that can only be used within the trust wallet app.What are the Incentives of (TWT)? Governance token that will be used by anyone who wants to take part in making decisions for adding new blockchain support, tokens and product features. Discounts on DEX services and purchasing crypto within the app. Collectible Marketplace, anyone interested in trading, selling or buying digital collectibles can utilize the token in a user-friendly environment. 1.2 is a good time to take some profit as well
Long
by moonypto
17
TBH, This Is Getting OldFor the 9th time my ever-important multi-year support/resistance trend-line from 2019 has been broken to the down side, but still with no confirmation. Will this time be different? We won't know until tomorrow's candle close on the daily but after all these head fakes I wouldn't be surprised if this is yet another one. 59,300 is key support for Bitcoin rn. Watch closely. Paid subs, come see what I did with the fear this morning. It will either be a train wreck or you will all have enough cash to pay for 10 years worth of subscriptions if you followed me in. Ha…ha…
INDEX:BTCUSD
by stewdamus