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When to Change Your Bias 🎯Welcome Back Traders! In this education idea, I explain how to improve your trading bias, by knowing when to change it based on the movement of price action. Please support this education with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like our trade ideas and education content delivered straight to your email in the future. Thanks for your support and help in building the TradingView community. Kind regards, BK Trading Academy
Education
by BKTradingAcademy
12
Bitcoin's Update, Fluctuations and Trend Reversal PotentialIn the past 24 hours, the market has demonstrated a combination of upward and downward fluctuations. Notably, Bitcoin has been experiencing a short-term downward trend, briefly dropping below the $26,000 threshold and finding support near $25,800. This price movement has elicited a notable positive response within the market. The support range of Bitcoin's previous range channel, which had been breached and has now transitioned into a resistance level, has temporarily impeded the cryptocurrency's short-term price growth. Nevertheless, there are indications of potential trend reversal in lower timeframes, suggesting the possibility of continued upward corrective movement towards the resistance range at $27,700. It is noteworthy that the Relative Strength Index (RSI) is currently at a level of 41, indicating a neutral stance. Additionally, the Moving Average Convergence Divergence (MACD) is at a significant level of -345. Taking these indicators into consideration, it is important to approach the market with caution. The downward trend in Bitcoin, coupled with the negative MACD reading, suggests that selling pressure may persist. However, the potential for trend reversal indicated by the RSI and the possibility of retesting the support level at $26,500 imply that there could be opportunities for upward movement. Overall, the market has experienced mixed dynamics, with Bitcoin facing a temporary setback in its short-term growth. While caution is advised due to the negative MACD reading, the RSI and the potential support retest present prospects for future price developments.
by MonoCoinSignal
12
EURCAD 1.47143 -0.06 % SHORT IDEA 🐻📉💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at EUR/CAD INTO THE LONDON SESSION 1. ASIAS BSL TAKEN. 2. LOOKING FOR A PUSH INTO THE -OB / FVG. 3. Looking at momentum heading into the PD arrays. 4. Looking at that unfilled FVG as a possible entry with the bears. 5. TARGET would be the the SSL & THE DAILY +OB. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
3
32 or 22K IMO ii still see a lot of bullish pressure possibly wanting to push price up to the 30-32k level. I def still see on more drop or test of support before the next bull run. I could see a Liquidity pick possibly to the 22 level. Exploring all possibilities. on multiple time frames identifying my trade zones and levels. I really dont think Bitcoin will be truly bullish until it can find support above the 32k level. Price is all bound up currently and is awaiting a break out. Will we see a test of the order block and bounce or fall? Please share your thoughts and feed back
OANDA:BTCUSD
by pippin_aint_easy79
4
Are Crypto Bears in Denial? Eth 🌄Is this the Bull Run we have all been anticipating? Or Does Price need more time to accumulate above 2018 Highs. Ethereum has been trading in between 1942 Daily Level and 1785 Weekly Level for nearly a Month now. Price has spent 70% of the time inside this range. It spiked to the upside and stayed above the range for a week as some buyers Took Profit and shorts came in to flush out late longs. Price printed an engulfing candle on the Weekly Timeframe as price retreated back into our 1942 to 1785 range. We'll see if this bullish movment can sustain itself.
COINBASE:ETHUSDShort
by ShrewdCatfx
BTC - Correction Started ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we know that the correction already started as BTC broke below the last H1 low. Now what? 🏹 BTC is still overall bearish, and we are expecting a movement till the lower bound of the orange channel which is also lining up with the previous daily low in green. 📈 As per my trading style: As BTC approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) UNLESS the green daily low is broken downward. In this case a deeper correction movement till the 25,000 support would be expected. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
28
EURUSD STILL POINTING LONGEURUSD price is now at the highest KEY level for this 4H Range (1.10920 area). The Direction is still LONG as for 4H, Daily and Weekly. as for Shorts shall be on ranges 15min and 5min short term sells. Hence we will wait for the Pullback of 4H to get Short and a Pullback on 15min shall be the entry point for the the Sell above 1.10920 area. For Longs still it will be risky to Buy at 15min Ranges but still a good range to trade if you can manage to take the 5min restructure of price to the upside. so for Buy - 15min range is 1.10917 - 1.10220 to buy look for 5min restructure to the upside around price are 1.10300. Sell - Price must first break the highest structure 4h and 15min to enable to get a clean sell, Look for the 15min restructure to the downside.
Long
by edmorcastones
Potential Upside Breakout or Downside Correction?let's dive into the world of Bitcoin and try to make some sense of the current market situation. As of the latest news, Bitcoin seems to be showing some positive signs, with the price experiencing growth of 1000 dollars in the last 24 hours from the 27900 range. This growth is largely attributed to the positive reaction shown by Bitcoin to two important supports. Currently, the price is approaching a minor resistance in the 28900 - 29000 range. However, given the economic news, the meeting of the Federal Reserve's Free Market Committee, and the new interest rate being announced, there is a high possibility of extreme fluctuations in all financial markets, including digital currency. As such, it is recommended to avoid futures trades with high leverage and manage short-term trades. For the medium term, there is potential for a correction in Bitcoin's price, but there is also a possibility of a positive swing before the correction. Now, let's look at some key prices on this chart. Based on the 4-hour timeframe, we can see that the local solid supports are at the 0 Fibonacci level of 27666 and the lower Bollinger band of 27637. On the other hand, the minor resistance can be seen at the 0.5 Fibonacci level of 28817 and the upper Bollinger band of 29603. In between these levels, we have the middle Bollinger band at 28620. As for the bullish scenario, if Bitcoin manages to break through the minor resistance at the 0.5 Fibonacci level of 28817 and the upper Bollinger band of 29603, it could indicate a potential upward trend. This could be further confirmed if the RSI crosses above the 50 level, the MACD starts to rise, and the volume oscillator turns positive. If these indicators all align, we could see Bitcoin testing the 1 Fibonacci level of 29969. On the other hand, in a bearish scenario, if Bitcoin fails to break through the minor resistance and instead breaks below the local solid supports at the 0 Fibonacci level of 27666 and the lower Bollinger band of 27637, it could indicate a potential downward trend. This could be further confirmed if the RSI crosses below the 50 level, the MACD continues to decline, and the volume oscillator remains negative. If these indicators all align, we could see Bitcoin testing the 24h low of 27910. In conclusion, the current market situation for Bitcoin seems to be volatile and uncertain. It is important to monitor the various indicators and key prices to determine potential bullish and bearish scenarios. As always, it is recommended to exercise caution and manage risk appropriately.
by MonoCoinSignal
45
Spy500: Elliot wave. Zoom out. Bigger correction incoming Studied Elliot wave theory only for about 2 years. Any input appreciated. Is anyone seeing this? IMO, I believe we could hit wave 5 of 3 hit the 4.236 fib and then big correction incoming. If fed continues to raise hike, war escalates, hyperinflation, etc - I believe we may have already complete this wave and we could be just on the BRINK of a much bigger bear market. In which case, further pain must happen and spy could go as low as 215.
AMEX:SPY
by knee000
Wyckoff Cycle - Practical Example 📚Dear TradingView community and fellow traders, I am Richard, also known as theSignalyst. I find the BTC weekly chart to be intriguing as it appears to be following the famous Wyckoff Cycle. I would like to apply Richard Wyckoff's four market stages/phases to this chart for analysis as a practical example. 1️⃣ Distribution BTC appears to have rejected the 68,000 level and is now in a distribution phase 2️⃣ MarkDown After breaking below 56,500 back in November 2021, BTC entered the MarkDown phase and began making lower highs and lower lows. 📉 The bearish impulse movements were initially large and steep. However, starting in July 2022, the bears seem to have exhausted themselves, resulting in a flat and small impulse movement. According to Charles Dow, this signals an early alert for a potential shift in momentum, which brings us to the Accumulation phase as per Richard Wyckoff. 3️⃣ Accumulation BTC is currently trading within a big range between 15,500 and 25,000 in the shape of an inverse head and shoulders as it forms a minor lower low followed by a higher low. 4️⃣ MarkUp BTC broke above the previous major high marked in gray, indicating that the bulls may finally be strong enough to take over for the first time since late 2021, thus entering the MarkUp phase. 🏹 BTC is now approaching a key resistance/supply zone. For the bulls to remain in control from a long-term perspective, we need a weekly candle close above 32,000. Alternatively, the bears may still form one last HL before BTC breaks above 32,000. I hope you find this post useful, and I would appreciate your likes and support. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard
by TheSignalyst
132
EURUSD A SELL BEFORE THE BUYEURUSD - Direction is still for the Bullish Side. From timeframes Weekly, Daily and 4h. analysis is there are multiple Short Opportunities that had been provided early in this daily session, my hunch is that market is building up liquidity to take later on London or the US Sessions. so in order to take Longs in this key level (1.10450 - 1.09623) the market must first print a 5min break of structure to the upside in order to execute for the trade once confirmed. tight stoploss is needed because of what i said in the previous Idea I published it may go below the key level 1.09623-617 down below and it may happen it the do so. so in order to grab the opportunities for longs 5min break of structure is needed. minimum targets 20-30pips and hold or 10pips BE for shorts as long as we are on this 15min range / 15min pullback heading downside, we must execute all shorts after a 5min break of structure to the downside and once confirmed. sl is tight because market is still bullish in the pullback 15min phase it may continue to go long as it can sustain its 5min breaks. minimum target 20 - 30 pips and 10pips BE current price - 1.09970
Long
by edmorcastones
IOL Chemicals & Pharmaceuticals Ltd IOL Chemicals & Pharmaceuticals Ltd is a leading pharmaceutical (APIs) company and is a significant player in the specialty chemicals space. It serves the domestic and export market. It is the largest player of Ibuprofen (pain killer) globally with a worldwide market share of 35%. Firstly, let's start with the concept of Elliott Wave Theory. This theory is a method of technical analysis that attempts to identify recurring patterns in the stock market, based on the idea that stock prices move in waves. There are five waves in an uptrend and three waves in a downtrend, and these waves are labeled 1, 2, 3, 4, and 5 for an uptrend, and A, B, and C for a downtrend. The wave 2 that is being referred to in this statement is part of a larger uptrend, and typically represents a pullback or correction in the stock price, following an initial upward movement in wave 1. When a stock has completed its retracement of wave 2, it is believed to be ready for a new upward movement in wave 3. Wave 3 is typically the strongest and longest wave in an uptrend, and often sees the largest price gains for investors. It is important to note that while Elliott Wave Theory is a popular tool used by technical analysts, it is not foolproof and cannot predict the future movements of a stock with absolute certainty. It appears that the chemical sector is expected to experience a bullish trend in the near future. This may be due to a variety of factors, such as positive earnings reports from key companies in the sector, or increased demand for chemical products due to economic growth or other industry-specific factors. However, it's important to note that predicting sector performance can be difficult, and investors should always conduct thorough research and analysis before making investment decisions. This seems from the chart that the stock has completed its retracement of wave 2 and will go in wave 3 now...! This chart is dedicated for investor community. It seems now the sector of chemical will be on focus. Additionally, the chart suggests that the chemical sector is expected to perform well in the near future. However, as with all investment decisions, it's important for investors to conduct their own research and analysis before making any decisions. Thank you for following me...!
NSE:IOLCPLong
by imkhushal
1
Ten Trading Lessons by the Terminator - The Judgment Day is NearNow listen to me very carefully, folks! I’ve got some important intel on our new mission, and it’s in the financial markets. Yeah, you heard me right, we’re diving headfirst into the world of finance. Buckle up, buttercups, because this is gonna be a bumpy ride. Now, there are ten crucial mission parameters to keep in mind when it comes to finance, and I need you all to pay attention. These aren’t your average market moves, so we need to be on high alert. - First off, the markets are turbulent. That means it’s a wild ride, and those textbook curves and lines don’t mean squat here. We’re talking extreme price swings, so buckle up. Forget the boring fictional "ideas" of traders who never actually traded - this is a whole different ballgame. - Secondly, these markets are way riskier than you could ever imagine. You'll be taking on more risk than a cat burglar with a death wish. And don't forget, trouble comes in streaks and turbulence tends to cluster, so be on high alrert and ready for anything. - Timing is everything in these markets, folks. Big gains and losses happen in a flash, so you better be prepared for intense action. - Prices in these markets often leap, not glide. You can forget about predictability, because time is as flexible as a T-1000. It’s impossible to know what you’re in for. I repeat, prices don't just slide around smoothly like a greased-up ice skater. Nope, they often leap around like a kangaroo on crack. That means they're unpredictable and risky as all get out. - Don’t expect your past experience or information from other markets to be of any use here. These markets are like Skynet, they work in all places and ages alike. - Uncertainty is the name of the game in these markets, and bubbles are inevitable. You’ll need to navigate through these bubbles and be ready for anything. - Markets have a personality of their own, troops. They’re not driven solely by real-world events, news, or people. When investors, speculators, industrialists, and bankers come together, a whole new dynamic emerges, and it’s more powerful and different than the sum of its parts. - Don’t be fooled by patterns, they’re like the fool’s gold of financial markets. The power of chance can create spurious patterns and pseudo-cycles that appear predictable and bankable. But don’t be fooled, bubbles and crashes are a part of these markets. - Forecasting prices might be perilous, but you can estimate the odds of future volatility. These markets are turbulent, deceptive, and prone to bubbles and false trends, but evaluating risk or profiting from it is another matter entirely. - And finally, the idea of “value” has limited value in these markets. Value is just a single number that’s a rational, solvable function of information. But given a certain set of information about an asset, it might not be as valuable as you think. Remember, troops, we’re in for a wild ride here. These markets mislead, and there are no familiar sine or cosine waves to rely on. But there’s a system to this madness, so keep your heads up. If the price changes start to cluster or the prices themselves start to rise, they have a slight tendency to keep doing so for a while – and then, without warning, they stop. The future's not set in stone, my friends. There's no fate but what we make for ourselves. So let's navigate through the chaos and come out on top. Alright, that’s all for now. Later, dickwads. And remember, chill out. We’ve got this.
CBOE:VIX
by ReallyMe