Indicator-based analysis is used by many traders to help them make decisions on what trades to take and where to enter and exit them. TradingView has 100+ built-in indicators for market analysis, based on industry-standard formulas. The public library contains 5,000+ custom built indicators, created by talented community developers. Custom indicators are coded in the Pine programming language which allows users to create them from scratch. Indicators are calculations that are displayed on the chart, based on price or volume.
The purpose of technical analysis using the Wyckoff method is to improve the timing of market operations when a speculative position is formed in anticipation of an upcoming move, where there is a favorable profit/risk ratio to justify opening this position. Trading Ranges (TRs) are the points where previous movement will be stopped and there will be a balance...
Right now when we see what we have already seen at the end of the summer of 2017. The market is in preparation for strong growth. If we look at all the periods from the psychology of the market, it becomes obvious why at one time or another the market dumps or grows and breaks through resistance.
In the first phase, we notice the bottom of the upward movement,...
Recently I started mentioning that there are a lot of traders who draw a "Cup with Handle" pattern on Bitcoin. I hate to see it. In this idea, I will try to explain WHY there is NO Cup with Handle on Bitcoin chart, in details.
Straight out the gate, I want to remember you that a Cup with Handle is one of the most difficult and rarest patterns from all existing...
Today we will take a look at the Renko Chart, this chart can show us trend reversal zones, it is very helpful in making Trend Analysis. Currently, we can see an Eliott Waves pattern, cycle 1-5 began at the $11000 and finished at the $3500. After the 1-5 wave, we usually see a correctional wave ABC, or a reversal wave 1-5. Both cycles have two trend waves at the...
Woody Dorsey just sent out an essay on some of the patterns he has developed over his 40 years of trading. It is very interesting and will enlighten you on some of the terminology used here. The entire piece is in the link below.
What is a Black Hole?
A Black Hole is a defined time period when extreme market events may take place in a very short period of...
$Bitcoin has just formed an almost horizontal flat channel. Both, a support and a resistance are ascending which makes this channel - BEARISH. However, we have two triggers, one for SHORT position, another for LONG, let me explain you.
If the price of $BTC break through the resistance at $8200 and takes hold above one, you can open short-term LONG position. In...
BNBUSD now looking good for our potential targets.
Binance new IEO will Launching soon
Binance will open Binance.uk soon
Binance DEX Good Hype
Binance Stable Coin also introduced by Binance Team.
so we can see more upside moments in coming days
Trading definitely complicated and hard phycological activity, everyday every trader on a planet is on the edge of financial collapse. When it comes to the new traders/investors usually falls in FEAR and GREED trap. Try to avoid this cycle, learn Technical analysis and emotion control.
This publication focuses more on education with money management than with buy or sell signal. I believe it's IMPORTANT to have a money management plan AND STICK TO IT in order to MANAGE your risk, to keep your losses small and your gains large. Twenty (20) minutes is not near long enough to expound on a money management plan but I think you will get a decent...
Trends are not created equal, there are 3 types of trends, I am not a trend trader that much but I can identify trends and tell the difference.
This is what I know about myself:
1- Strong trends
here is a look at a golden cross and a death cross on the same chart. Look at the effect on the price slightly before the event as traders were anticipating the arrival of the golden cross and the death cross. Pretty simple, but good to know
Im seeing a build up of red volume candles which could signify a drop soon. What Ive noticed is if you look at the previous candles it helps when determining future price movement. For instance if you see 10 tiny red volume candles in a row they add up. So if you see a period with more red volume than green its not wrong to assume that a decline in price is in...
Take a look at how well the fan lines up with the candles. I cant believe how well this tool works. I put arrows on a lot of the areas that acted as support/resistance so you can clearly see this Fib speed resistance fan is useful. The way you place one on the chart is very similar to a typical fibonacci. (I put fingers pointing at the 2 points I used when I drew...
Hello Fellow Traders,
Here we would like to talk about Trendlines and how they can be used along with Horizontal support to find great entry points , both for short term scalping and swing trades ,
We all know about trendlines yet traders don't use it to the full potential which this tool can provide ,
In this article we will be talking about Trendline...
Looking again on Weekly chart for Bigger Picture ,
We have been watching GBP facing strong bearish pressure just because Boris Johnson may become prime minister , but come on guys .. Conservative party has always been pro brexit , but nobody is ready for No deal brexit , we have seen probability of No deal brexit fail multiple times , practicaly there is...