BTC - Market Structure 101 📚 Keeping It SimpleHello TradingView Family / Fellow Traders,
📊 I find the BTC H1 chart interesting as it has been respecting the market structure cleanly inside the rising channel recently.
📈 As the price approaches the lower bound of the channel, the bulls are taking control for an impulse after breaking above the last high in blue and the 21 EMA.
📉 Conversely , as the price nears the upper bound of the channel, the bears take charge for a correction after breaking below the last low in green and the 21 EMA.
Today, BTC rejected the upper bound and broke below the green low and 21 EMA, signaling that the bears are currently in control.
📉 The bears are expected to maintain control, and we anticipate a movement towards the lower bound of the channel.
📈 However , a shift in momentum could occur if the bulls regain control by breaking above the red channel and reaching 38,100. In such a scenario, we would anticipate a bullish continuation towards the upper bound of the rising channel.
What are your thoughts? Do you believe BTC will continue to adhere to this simple market structure?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Simple
US30What do you call a three legged cow?...Lean beef🤣🐄
Now lets get into. There is a lot of momentum here for the sell. As its still selling from the 'M' formation. Before I sell I'll wait for price to break and retest the 33950 level and sell it down to the next level. You can see price making lower highs and lower lows.
The only way I would buy this pair is if price closes above 34150 because that was the last high and it'll be a break of structure.
Keep it simple and have fun!!!!!
LDMR (Long Derivative Mean Reversion)(LDMR)Long Derivative Mean Reversion is primarily a tool for measuring risk and capital efficiency.
It's secondary functions include identify outliers in the assignment value of derivatives, maintaining a price target and producing trade placement recommendations.
This strategy has one simple input: the symbol of a correlated asset or index. It is recommended to use leveraged indexes in this input because they have a higher derivative correlation with those of round lots of the underlying.
When using this strategy you should always adjust the initial capital to what it will cost you to control 100 shares of the security.
If you intend to purchase shares then that value is 100x the close price.
if you intend to purchase call options to resell for premiums you use the initial premiums paid for the calculation.
If you intend to create a synthetic position you should add all deployed capital together, and that calculation will remain accurate until the max profit limit of your short option is reached.
Pyramiding is supported for trade placement. You should always review the historical depth and before placing the first trade ensure you have enough capital to cover the largest of those positions. Otherwise your results may be entirely incomparable to the risk and capital efficiency estimates the tool provides.
Let me know what you think. I am considering a private publishing and want to know what this is worth!
K.I.S.S or Keep it simple stupid In the markets, traders and investors frequently search for the optimal software tool that will produce reliable profits over the long term. Many traders believe that in order to get the best and most reliable signals they need to, find the perfect tool would need to include as many indications as feasible. The truth, however, is far different. let's explore this subject in more detail.
More is not better
Technical analysis is not a magical science that can provide traders with precise entry and exit signals with immediate gains. Trading is not an easy industry. Being a continuously effective trader needs persistence, fortitude, and frequently the capacity to endure times when things are not going well. It is just unavoidable for traders to avoid loses, and even a long-term lucrative approach cannot shield them from these situations. There is no such thing as trading with zero losses, as any seasoned trader is aware. Despite this, a lot of traders are still searching for the one simple answer that will, in their opinion, guarantee the most transactions that are successful while decreasing the number of trades that are losses.
Some people fear losses like the devil and would stop at nothing to prevent them. They believe that adding additional indicators and other tools with the primary objective of eliminating losing trades is the best course of action rather than starting from the beginning and attempting to comprehend what is really happening in the markets.
The individual indicators themselves are not problematic, but if traders begin mixing an excessive number of them with various lines and curves, things can quickly spiral out of control and produce a disorienting jumble.
Why traders do this ?
The desire to discover some "holy grail" solution, which will invariably result in winning trades with little to no losses (preferably none), is, of course the most popular motivation. Another factor could be the variety of seminars and training sessions available, or the current craze for social media videos. And after a few losses, novice traders start adding more and more indicators that should "improve" the original strategy but ends up leading to more loses down the line
The concept is that the more market indicators that support an entry signal, the more probable it is that the trade will be profitable is completely false.
Understand that the only "holy grail" that can assist a trader get greater results is to become adept at the psychological, fundamental and technical aspects of trading and to approach these activities as uncomplicatedly as possible. Inexperienced traders are typically duped by a variety of indicators and oscillators, which are meant to give the appearance that they are sophisticated tools made for experienced traders. They might function, but only to a certain extent. The price itself, which represents what is taking place in the market, should serve as the basis for a trader's decisions. As a trader you are better off keeping it simple(KISS)using robust and proven methodologies
its ready for a massive short right here.This is the best option u get... unless it closes and stays above the line here...
we need to see the test of previous highs and I think it's ready with the next interest rate rise.his TA is purely of Trend and one of the best indicators of price going somewhere.
If we stay above 23k we might see 45k there but that is extremely unlikely. Usually, with every big trend, we get longer accumulation zones than this and I think we are not holding the price on any real support for now.
See you at 14k $btc
Bitcoin Short Term AnalysisHey so as we can see Bitcoin slipped outside the double yellow lines and was brought back in by quick wick which tends to indicate that the price point will likely come down to the lower band of the yellow lines in the short term near that 20,500 level.
This is not financial advice and please do your own research as this is simply my opinion
drop a boost and follow for regular technical analysis