Patiencepays
NZD/USD good long position nzd usd was facing a big sell off and institution were dumping the nzd USD
looks like a retracement to the broken structure of 0.70800 and than continuation to the downside
look for bullish confrmations on lower time frames and enter long with your own money management
always remember that patience and discipline are the keys to success in financial world
EURO JPY Buy opportunity there was huge sell of on last week for all jpy pairs .we can hope a continuation to the downside bit after a reasonable retest of broken structures
euro jpy is going to retest the broken structure as mentioned Fibonacci retracement levels
look for a long opportunity on lower time frames and enter long with your own money management and risk to reward
always remember that patience and discipline are the keys to success in financial world
learn to control the emotions
euro usd buy short term all major pairs are extremely oversold or overbought because of DXY bull run euro usd is extremely over sold and broke a very strong support area
next demand zone is 1.180000 which is daily support oe demand zone and market gonna retest the broken support turned resistance
look for buy opportunity on lower time frame and enter long with your own money management
keep in mind that this entry is only short term
always remember that only key to success in this financial world is patience and discipline
BTC - another price rejection #PATIENCEPAYSWeekly chart:
The probability for my primary scenario increases:)
(Alt. 1:
We have already seen the lows and are now starting another bullish wave 3.)
Alt. 2 (which I find more likely):
Probability: 60%
--> we could see more lows. A correction in the range 16,400 - 26,245 is possible.
Be patient guys!
I know that some people don't listen to technical analysis . There are various reasons for this.
Unfortunately, people often do not understand the technical signals. But I would like to give you my technical signal again. Technical analysis & the elliott waves are often presented as useless. To understand my analysis, you basically have to understand the market. And if you understand the market you cannot avoid a technical analysis (as an active trader). The market moves in impulses. An impulse can be calculated mathematically because it is divided into fractals. Ralph nelso Elliott assumed that trends move in 5 waves. The waves 1, 3 and 5 are impulse waves. Waves 2 and 4 are corrective waves. After completing the 5 waves, Elliott assumed that a correction would follow.*
According to Nelson Elliott , the correction takes place in 3 steps. ABC correction. This is what we´re currently seeing. All these impulses are calculated in this analysis and indicate further lows. The btc failed again on the upper trend line . The chart would only show strength again from 42,300 onwards.
The technical signals are still clear:
What does that mean for you? Wait & be patient!
I see a shopping area in the yellow rectangle . There you can build up a position step by step.
For my followers to understand my analysis:
The topic is only described very roughly and is intended to give you a first overview of one of my analysis methods.
1. An impulse always moves in five sub-waves.
Waves 1, 3 and 5 of these are motive waves that move in the same direction as the overall trend.
Waves 2 and 4 are corrective waves, i.e. they correct the previous movement.
The following rules apply to an impulse:
-Wave 4 must not overlap with wave 1, except in a diagonal.
-Wave 3 is never the shortest wave.
-Wave 2 must not fall below the starting point of wave 1.
If one of these rules is broken, the chart analysis must be revised.
2. A correction wave moves in the opposite direction to the overall trend.
Corrective waves are three-part and basically consist of waves A, B and C.
Waves A and C are primarily impulse patterns of the corrective movement and drive the market in the opposite direction to the overall trend.
Wave B corrects the previous wave A and even has the potential to surpass the starting point of wave A.
3. The standard pattern consists of an impulse wave and a corrective wave.
These standard patterns repeat on a short-term basis as well as on a multi-year basis. In other words, every single wave consists of several sub-waves and in turn belongs to the larger picture. For example, wave 1 (an impulse) itself consists of five sub-waves.
This standard pattern continues and accordingly always merges into a higher level.
4. Relation Between Fibonacci and Elliott Wave Theory
Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. For example, in impulse wave:
Wave 2 is typically 38,2 %, 50% or 61.8% of wave 1
• Wave 3 is typically 161.8% of wave 1
• Wave 4 is typically 23.6%, or 38.2% of wave 3
• Wave 5 is typically inverse 1.236 – 1.618% of wave 4, equal to wave 1 or 61.8% of wave 1+3
You can use the information above to determine the point of entry and profit target when entering into a trade.
ETH - prepare for a nice buying zone! #PATIENCEPAYSBreakout to the downside - i´m ready to buy more:)
Weekly:
How to understand my analysis IN 4 STEPS?
For my followers to understand my analysis:
The topic is only described very roughly and is intended to give you a first overview of one of my analysis methods.
1. An impulse always moves in five sub-waves.
Waves 1, 3 and 5 of these are motive waves that move in the same direction as the overall trend.
Waves 2 and 4 are corrective waves, i.e. they correct the previous movement.
The following rules apply to an impulse:
-Wave 4 must not overlap with wave 1, except in a diagonal.
-Wave 3 is never the shortest wave.
-Wave 2 must not fall below the starting point of wave 1.
If one of these rules is broken, the chart analysis must be revised.
2. A correction wave moves in the opposite direction to the overall trend.
Corrective waves are three-part and basically consist of waves A, B and C.
Waves A and C are primarily impulse patterns of the corrective movement and drive the market in the opposite direction to the overall trend.
Wave B corrects the previous wave A and even has the potential to surpass the starting point of wave A.
3. The standard pattern consists of an impulse wave and a corrective wave.
These standard patterns repeat on a short-term basis as well as on a multi-year basis. In other words, every single wave consists of several sub-waves and in turn belongs to the larger picture. For example, wave 1 (an impulse) itself consists of five sub-waves.
This standard pattern continues and accordingly always merges into a higher level.
4. Relation Between Fibonacci and Elliott Wave Theory
Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. For example, in impulse wave:
Wave 2 is typically 38,2 %, 50% or 61.8% of wave 1
• Wave 3 is typically 161.8% of wave 1
• Wave 4 is typically 23.6%, or 38.2% of wave 3
• Wave 5 is typically inverse 1.236 – 1.618% of wave 4, equal to wave 1 or 61.8% of wave 1+3
You can use the information above to determine the point of entry and profit target when entering into a trade.#
GOLD I hope everyone has a blessed week. I am ready for this week. I have been watching Gold and also Apple.
A weird combo but I have started to learn how they move so it works for me, lol. The weekend (sat/Sun) indicator helps so much.
I use this to see whether the analysis will be bullish or bearish starting the week off.
Remember that patience pays. You got this!
$VCEX Buy the breakoutBuy the breakout of this falling wedge
RSI turning bullish on the 4 hour
This is a mid term hold
Rising Wedge pattern in BitcoinI was in for the buy in the morning around 5am. Now this is clear to me that this is a rising wedge pattern being made. Ive set a take profit an my entry point on the graph for the sell. This market looks as if it is making its way back to the rising trendline on the Daily view to continue this beautiful upwards trend.
ETHUSD Weekly Overview 3/26ETHUSD WEEKLY OVERVIEW 3/21 - 3/26
In this video I go over my personal perspective on the opportunities Ethereum presented throughout this week. There were 2 amazing entries that were presented totaling over 350+ points! The first setup averages around 250 points and the second was around 100 points. My first entry was at the 1780 key level and the second was around the 1700 whole level. The entry was also given extra confirmation based off the Fibonacci key levels. My initial targets were fibonacci extensions leading all the way towards the -618, around the 1550 price point.
There are times where price presented hundreds of points and then pulled back before continuing the overall trend. It is important to always secure some type of profits on a trade when you are significantly ahead. Never leave any money on the table or turn a winning trade into a losing trade. Even if your entry gets stopped out, continue working that zone over and over until the analysis invalidates itself. The level must prove that it is valid before having real confirmation that it may continue.
My style of trading uses Market Structure, Price Action, Fibonacci, Wave Sequences, Moving Averages , and a mixture of Multi Time Frame Confluence . Most importantly the visual realization of emotions cycled into the chart.
As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY PATIENT & STAY BLESSED!
~T$
BTCUSD Weekly Overview 3/26BTCUSD WEEKLY OVERVIEW 3/21 - 3/26
In this video I go over my personal perspective on the opportunities Bitcoin presented during this week. This week there were 2 possible entries that were presented totaling over 7500 pips! The first setup average around 5000pips and the second was around 2500pips. My initial target was my -13 extension level around 52k.
There are times where price presented several thousands of pips and then would pullback before continuing the overall trend. It is important to always secure some type of profits on a trade when you are significantly ahead. Never leave any money on the table or turn a winning trade into a losing trade. Even if your entry gets stopped out, then continue working that zone over and over until the analysis invalidates itself. The level must prove that it is valid before having real confirmation that it may continue. I ran into this same example around my first entry at 57K and then again later after the continuation of the first sequence.
Even though my first target was 52k price made a lower move into 49K! This is huge for the continuation back up higher into the 60K+ range, or even back lower into a deeper retrace. Whatever price decides to do I will remain patient and let the story unfold for me. We always REACT NOT PREDICT!!!
My style of trading uses Market Structure, Price Action, Fibonacci, Wave Sequences and Moving Averages . Most importantly the visual realization of emotions cycled in the chart.
As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY PATIENT & BE BLESSED!
~T$
GOLD MADE ITS MOVEPatience Pays. DId you catch any pips today?? SHEESH
Looking for a possible head and shoulders move soon.
BITCOIN IS ALSO ON MY WATCHLIST. LETS GOOOO
APRE- ANOTHA ONE TO THE MOON- SWING WITH GREAT RISK TO REWARDVery similar to the INVO play i posted last week.
Another very overextended gap down on some bad news caused a panic sell off. These are my favorite setups I think believe the risk to reward ratio are some of the highest on these setups.
I'm looking to get in really at any price around todays close of $7.11. as long as it holds support at around 7, i think this is getting ready for the next leg up which would be to retest and hopefully break the $9.50 mark.
With my price target above 15, this is a YOLO type swing for me where I'm risking quite a bit (stop loss is around $5.00) but the reward is so much greater.
With this in mind I will be scaling back on size for this trade, and give it time to play out.
I'm hoping to hit price target by the summer at the latest, when they announce their q1 results from their clinical trials.
Goodluck Traders! Please let me know your thoughts on this trade below!
BTC/USD- on sell until further notice :(My last idea was a long; I changed my mind and close the trade in a less than $3 USD loss.
The market wasn't going where I pointed. I prefer to wait for stronger signals.
Those who adapt, survive. Lose small and win BIG, that's how it works.
I'll be updating you all in the meantime, be patient!!! Cheers :)
Possible Head and Shoulder Pattern (Downside)Hi all,
I see a possible 2:1 trade to the downside.
Of course we would need confirmation for this pattern to be valid. But definitely something to watch out for.
Note: The larger trend if you zoom out and look left is bullish. But this is something you can spot on the lower timeframe. In this case the H4 timeframe is a great way to spot good risk to reward trades.
Target Profit range is around the 1.23 Fibonacci extension 1.195-1.200 range and stop loss is above left shoulder resistance dependent on if the right shoulder forms.
P.S.
I am always open to feedback and constructive criticism for my analysis and open to learning from all. Thanks!
---------------------------
Full disclosure: My ideas/opinions are for education and entertainment purposes only. NOT advice or predictions for investment choices. I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
---------------------------