SPX opened today below double bottom established in early July. There are recent imbalances left behind until 3850, although the swing high anchored VWAP sits above 4000, giving confluence to the marked gap.
After breaking the strong resistance around $2.9k, Ethereum came back to test it as support and confirm. Together with the horizontal support, there is the EMA21 weekly, also acting as support and preparing to give momentum to the upside. After the test, there was a close above the $2.9k area followed by a bounce. A great bullish sign, past resistance that...
Let's talk about Different Type of Crypto Exchanges Centralized Exchanges ( CEX ) 👉A third-party managed exchange system used to transact, manage your portfolio, store, and trade. 👉Binance, Kraken, FTX, Coinbase, and ByBit are some of the most renowned and heavily used centralized crypto exchanges. 👉Centralized crypto exchanges provide a convenient and...
Traders use different types of indicators to gauge the market conditions. Let's take a look at what are those types of indicators Trend Indicators measures the direction and strength of a trend. When price moves above the average it can be thought of as a bullish trend. When price moves below the average, it's a bearish trend. Momentum Indicators are helpful...
Retail ✔️Retail Traders are individual traders who buy or sell stocks, securities, or assets from their personal accounts. ✔️Retail Investors mostly focus on technical analysis, price patterns, and Indicators. ✔️Because of low volume, orders submitted by a retail trader cannot affect the price of an asset. ✔️Retail traders can come out of trades or their...
Looking at the past doesn't guarantee certainty for the future, but it can give us a good idea of what might happen. Looking into the price action of the last 8 years of Bitcoin's history, we can see that the performance is not that great. The price action in September has been either sideways, or sideways with some downwards momentum. Comparing the historical...
Ethereum has seen a good recovery over the past 6 to 7 weeks. After creating an ATH, it dipped hard retracing more than 50%. But, then we've seen adoption, institutional interest, and the latest developments which helped ETH price to again bounce back to the current levels. It's trading at around $3940, at the time of writing and is holding the support level at...
Ethereum is trading at around $3000, at the time of writing this analysis, which also acts as an immediate support level. It tried to break the resistance at $3300 but failed, however, it has been accumulating between immediate support and resistance level to see the next move upwards. I am using On-balance volume (OBV) which is a technical trading momentum...
Spot Trading is the most basic form of trading method and is the most suitable for beginners in trading. It's simply a BUY > HOLD > SELL mechanism. On the Other Hand Margin Trading is complicated and should only be done by experienced traders. There are various components to margin trading such as Maintenance margin, margin calls, leverage, and liquidation....
BNB is trading at $485 at the time of writing this analysis. I can see three possibilities that can happen in a week's time from now. Scenario 1 A bullish flag is being formed, and if the price remains inside this flag, it might break the recent high at $504, break the parallel channel's upper line or traverse along the middle line to make another higher...
Few things to keep in mind to be a successful trader. ✅Always remember to only trade what you can afford to lose. Know the risks involved in trading. ✅Use a proper risk management strategy to minimize losses in the event of a trend reversal, exchange outages, or any other untimely issues. ✅Only expose 2 to 3 percent of your portfolio value for each...
Algorithmic Trading is the activity of bots to perform buy and sell actions on an exchange. These bots are scripts created by traders to eliminate manual trading. It's all rule-based trading. A trader codes the indicators, moving averages, and various other conditions for the buy's and sell's to happen. Stop losses and take profits are coded and so are dynamic...
ADA is trading at $1.3 right now and trying to move towards the immediate resistance of $1.45, which if broken is a good place to buy and hold some of it. For margin or future traders, it might as well be a good place to open your long positions with a tight SL of 3 to 5 percent. If we see closely, the price is holding the support level at around $1.04 which is...
Let's look at different chart patterns which help the traders to analyze the market. Chart patterns are a way of viewing a series of price actions that occur during a trading period. It can be over any time frame – monthly, weekly, daily, and intra-day. The great thing about chart patterns is that they tend to repeat themselves over and over again. Let's look at a...
Bitcoin is making good moves for a week now, and trading at around $40,700 at the time of writing, which is also a previous resistance level. If it manages to break this level, we could see a trend reversal changing the overall sentiment towards bullish market bias. We could also see that on 4H timeframe EMA50 has crossed over EMA200, which is also considered as...
The candlestick chart patterns are used by traders to set up their trades, and predicting the future direction of the price movements. There are many candlestick chart patterns. I will be discussing a few of those. ✅ Morning Star is formed after a downtrend indicating a bullish reversal. Generally made of 3 candlesticks, first being a bearish candle, second a...
This is interesting, EMA50 just crossed below EMA200 recently making a death cross, and a descending triangle forming. Bitcoin is trading sideways for 44 days now, with no certain trend direction. And with a recently formed death cross, it looks bearish. What is a death cross? A death cross is a chart pattern in which a short-term moving average crosses below...
This is a 1D analysis for ETHUSDT and it looks pretty bearish. Ethereum is sitting on an important support level, and if it doesn't hold it, it might go as low as $1400 which has acted as a support level previously. I am using EMA50 and EMA200 which are two most popular EMA's to spot Golden Cross or a Death Cross. What is a Golden Cross and Death Cross...