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Litecoin - Beautiful Setup - Target $354 - Here's why...TV subs, I realized this morning that I made a mistake in publishing my Litecoin video setup incorrectly here on Tradingview. I had spotted a beautiful setup and created a video about it but it was published as a "Private" video, meaning that only those with the link could view it. Unfortunately, TV does not allow me to make the video public. You are only able to view the video if you have the link. Ironically, this means that all of my free substack subs got the notification yesterday while subs here on TV did not. Therefore, the best way I know how to correct the error is to provide the link below in "Link to Related Ideas". I can't say I won't make the same silly error again, so if you want to avoid missing anything, please head over to substack and subscribe. That way you can be sure to be notified of everything I post. Thank you all for your support! Happy trading.
COINBASE:LTCUSDLong
by stewdamus
1
Basic Conclusion and ConfusionI have questions about perdicting an asset/commodity deflation event or crash below If you have time. Prices are through the roof right now making the entire investing world to seem speculative. I think the market is showing weakness and there may be a crash around the corner, I'm looking at patterns to see if there's any similarities between the build up to a crash and seeing where volition is creeping towards a big leap before a significant increase in volition such as the red bar pattern over today's current situation (from a jump in 2018) where I found similarities with other minor jumps in volition and a pull back in a bullish pattern, given that a majority of the market can see inside before retailers is it possible that these build up events where fear becomes the headline for few weeks to months ends up being a sudden crash in value. Professionals and "Professionals" have said time and time again that the build up is here, it's been happening for months to years given assets are up at record highs and inflation is going now where anytime soon, our supply chain will only get worse till February I hope, even then it'll take years before we see commodities stabilize and by then the value of the dollar will not be what was, oh also the richest minority own the largest majority of everything still.. is there much of a pattern and what are some of your ideas? I hope we both learned something? Is there a way of timing a economic crash? Is the 36 month trading period a thing? Is it best not to worry about the crash? it'll happen eventually as time has proven again and again. Best case scenario I reposition some previous sales and some savings. If a company doesn't rally back to it previous average after crash, is it still worth it to invest into said company since it is sustainable and growing a dedicated user base?
CBOE:VIXLong
by hooligan99
Blow off top 4th - 14th December (2021 chart)Takeaways: 234 days from first high to last high in 2013, will put us at 4th of December. 147 days from mid-summer dip reversal would but us at 14th of December. Another interesting fact is that the average of both previous cycle hit of 2.272 (close to ATH ) is 4th of December (2013 28 Nov/2017 12 Dec) Also, new moons are a very reliant top indicator (often 2-3 days within tops) ALL of the three cycles had new moons at or days within the blow-off tops.
BNC:BLX
by Morteno
FALSE BREAKOUTS | SPOT/AVOID/TRADE THEM LIKE PRO📈📉 FALSE BREAKOUTS | SPOT/AVOID/TRADE THEM LIKE PRO📈📉 How often have you opened a key level breakout trade, and then the price turned against you? False breakout happens quite often and it is a problem for many traders who buy at highs and sell at lows. ❗️Breakout trading is a fairly popular and viable trading strategy. However, some breakouts often turn out to be false. This can be quite frustrating, not to mention that it can often lead to a losing trade. However, in many cases, an experienced trader can analyze the market situation and react to it accordingly. False breakouts can make a profit if you know how to trade them correctly. ⚠️A false breakdown is a situation when the price violates an obvious level, but then suddenly changes direction. When the initial breakout of the level occurs, many traders open a trade in the direction of the breakdown. These traders are trapped when the price reverses, which triggers a series of stop losses. New traders are also entering the market, and this puts additional pressure on the price. This often turns the price into a new trend, the opposite of the initial breakout. A breakout that turns out to be false is a sign of strength in a downtrend or weakness in an uptrend. As you can see, a false breakout can easily cause significant losses for any trader. Some traders develop their entire strategy around trading false breakouts, as this can be a very powerful trading approach. Some of the best trades happen when market players fall into a trap and their stops start to work. ✅How to find patterns of false breakouts? 🟢If you do not learn how to correctly identify false breakouts, you will not be able to trade them profitably. For example, there will be situations when the price returns to the breakout point, and only then continues its movement. 🟢One of the ways to detect false breakouts is to monitor the volume. Real breakouts are usually accompanied by strong indications of trading volume at the time of the breakout. When this volume is absent, there is a higher probability that the breakout will not happen. 🟢Thus, if the trading volume is low or it decreases during the breakout, a false breakout is likely to occur. In contrast, if the volume is large or it increases, a real breakdown is likely. 🟢It is also useful to monitor not only the trading volume but also the price movement on the lower timeframe. In many cases, you will see that the price makes a very sharp pullback on the lower timeframe, which is not visible on the higher timeframe. ✅False Breakout Trap 🔴After all, many trading textbooks say that a breakout can be considered confirmed when a candle closes above the resistance level. However, the price moves in your direction for a while and then turns 180 degrees. As a result, you have a stop loss triggered. 🔴The false breakout trap includes several candlesticks, usually 1-4, that go beyond the key support or resistance level. Such breakouts occur after a strong movement, as the market has reached an important level, but the price momentum still retains its strength. Have you ever been trapped by a false breakout?
BITFINEX:BTCUSDEducation
by TopTradingSignals
8
XRP - Heading to 0.70 Cents?XRP has been in a correction for a while now. We can see it is in a descending correction which looks like a large bull flag. It has all the signs to me that it's heading down to 0.70 cent or around that area. You can see the -27 fib target is just outside the Main ascending trend line, structure & descending flag pattern trend line. There is also a chance it reverses from the double bottom area but with so many confluences at the 0.70 cents area that where i would rather enter a buy.
BITSTAMP:XRPUSD
by UnknownUnicorn26193975
10
How to trade levels? How to play price? How I made 30x in 2 yrs!In this video: I draw out a hypothetical initial investment. I should how you can multiply your net profit by trading out and back in along the way to your final projected target. This video is all about trading levels, a strategy I have developed from years of experience that has helped my to multiply my crypto profits exponentially. I have 30x'ed my initial cash reserves over the period of 2 years. I think you can too. I am going to show you how I did this.
COINBASE:UMAUSDEducation
by stewdamus
4
Gold daily analysisGold has been in a descending triangle since Jun 08, there for we can see price bouncing off the bottom and getting rejected from the top ( as shown in picture ), as we are getting closer to major resistance zone and triangles top, we might see two different scenarios: First, Price breaking out of the triangle, which would probably be followed by a pullback and then rise in the price Second, Price getting rejected from the Zone and coming right back to the bottom. As we haven't seen price reaction to these areas, we ought to wait and watch for the daily candles, it will probably tell us how thing will go forward. keep in mind, gold has been shaping an inverted heads and shoulders ( which is not really formed beautifully but still ... ) so we might actually see a good rally for bulls. ---- Will be updated
OANDA:XAUUSDShort
by Algo_Analyst
1
GOLD TO RETEST 1832 - 1834 AREAIf you look at my chart very closely, I have only tried to paint a picture of what i have seen in the last few weeks. Gold is still generally on the downtrend when you look at higher time frame but looking at daily, it has been bullish for a while and correcting almost on a daily basis and retesting each take off point between 2 & 3 times but still bullish on the daily. I am of very strong opinion that this move will get to 1832 area but we may see another correction between 1810 & 1819 or even 1823 if you have been studying gold patterns very closely and then there may be a very strong sell in the next few weeks to 1675- 1682 area Now, Pay particular attention to this paragraph. if gold closes above 1834 on the daily time frame, The massive sell will be from 1845 but a close above that point may get gold bullish to above 1900 for a double top before the bullish trend. As far as i am concerned, gold's have very bullish momentum for now and we need to apply risk management as the big sell may happen between 1832 & 1845 but a daily or weekly close above 1845 may take Gold to above 1900 before that sell. Trade carefully, apply risk management and stay happy....
FX_IDC:XAUUSDLong
by Olajireolapoju
Cup and Handle PlayHertz appeared to be filling the gap it created after briefly enjoying life as a meme stonk, but no. Instead it printed a textbook cup and handle, the likes of which I haven't seen on a real stock as opposed to making something up for demonstrative purposes. Even the nice cup and handles you see in the wild don't have this uniform volume profile through the cup. Then comes the news that Hertz is set to spend billions on 100,000 Teslas. This kind of spend usually pushes a stocks price down in the near term but today we saw a gap up over the 9MA which was previously acting as resistance and is now support. After filling today's gap we are looking at a potential green close, which is crazy considering the hurting rental company's expensive announcement. Looking for around $35 by end of next week.
H
by Keeegs
PRICE ACTION TRADING | RISING WEDGE PATTERN 🔰 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 contracting trend lines, one serving as support and one serving as resistance, the price forms a wedge pattern. 🔔The trigger that we are looking for to sell the market is a bearish breakout of the support of the wedge (candle close below). To not be caught by a false breakout, it is highly recommendable to wait for a bearish violation of the last higher low level as well. Only then the wedge breakout is confirmed. ⚡️Trading the market aggressively, one opens a short position on spot just after the candle closes. ⚡️The conservative trader will wait for a retest of the broken support of the wedge though for a safer entry. ✔️Safest stop will lie strictly above the highest wick within the wedge. ✔️Initial target will be based on the closest key structure support. Learn to recognize this pattern and be disciplined to wait for its confirmed breakout. Only then a high trading performance will be achieved. What price action pattern do you want to learn in the next post? ❤️Please, support this idea with like and comment!❤️
COINBASE:BTCUSDEducation
by VasilyTrader
122
Nifty Update for 25th October 2021OANDA:IN50USD Nifty Update for 25th October 2021 ============================== A sell-off/profit booking was seen in the market last week. Index has given a small bounce from the support levels. Here's the trade setup for today: Today we are going to use two charts with different time frames to get a better view. As per IN50USD chart we have a 200 point range in Index from 18,000 levels to 18,200. For buying 18,200 is the key level above that 18,300 will act as a key resistance. As per hourly chart our Harmonic XABCD Pattern will activate if the price sustains above 18,200 On Higher Timeframe 18,300-18,400 will act as a resistance area. For selling Consider selling from 18,050 level, but also consider 18,000 as an important level as it will act as a psychological support. Consider quick profit booking on both the sides as Index is trading at narrow range. Trade setup ============== Key RESISTANCE is : 18,300 Key SUPPORT is : 18,000 Trade Accordingly!
I
by CodeViser
NZDJPY , SWING ON SHORTS ..!!From the daily time frame we see the price action has reached a resistance trendline , based on the previous 2 touches . what we understand from the previous movements of the market we will be looking for a chance or rather confluences as to why we vouch it to sell based to the lower time frame , in this case the 4 hrs. time frame is best fir , where we will constantly be at the search of selling structure or concrete reversal pattern . and possible entries .
Short
by DIGITALASSETSINC
The Bubble Could Pop Like It Did In 1929I and others who try to spot patterns in charts are starting to see a lot of similarities compering bull run from the 2008-2021 and the one from 1921-1929. You can clearly see that patterns are profoundly which to be honest, it keeps me up at night. Stock market as well as crypto market are VERY high. In last few years/months. everyone wants to become a day-trader or whatever, and having a mindset that everything can only go up from here. It was the same mindset back in 1928-1929 where everyone knew about the stock market, getting overleveraged and promoting it as it could make you rich over night. It is the same now so i want to worn people about all this. Don't listen CNBS and financial media as they are only there to create liquidity for the institutions so they can sell when the time comes. That time is right around the corner. Also a fib. extension levels extended over previous fall in 2008 takes us to around 11-13% above where we currently are with DOW. Don't be naive and say that this time is different. It's not. Maybe the fall will not be that dramatic as the bubble is not as big as it was in 1929 but we certainly could and probably will fall below the bottom of 2008 ( roughly to 6k), so don't be surprised if it turns out this bear market is longer and deeper, because we need such correction for the market to stay healthy. I am not financial advisor so non of this is a financial advise, just a BIG warning to you all. DJ:DJI
DJ:DJI
by AVA37
8