BITCOIN (BTCUSDT) QUICK TA SCENARIO...Let the image speak for yourself...
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Traders
Market structure, learn how to easiy identify market condition.Market structures also referred to as market conditions are the simplest form of price movement in the market. Market structure is a simple and basic form of how price action occurs in the market. Price action in the market is always in one of these four market structures.
- Accelerating Phase
- Distribution Phase
- Decelerating Phase
- Accumulation Phase
Accelerating Phase:
This is the upward trending phase of the market, it is often characterized by a series of higher highs and higher lows. This phase of market structure is where bulls are said to be in control of the market.
Distribution Phase:
The distribution phase occurs after a rise in price as the traders who bought at the beginning of the trends begins to sell at a profit and more people are FOMOing into the market the market then enters a range. It is a ranging market after a downtrend. At this phase of the market, there seems to be a balance of power between the bulls and bears until either support or resistance level is broken.
Decelerating Phase:
What goes up must come down. Decelerating phase is the downward trending phase of the market and this phase of the market structure is where bears are said to be in control of the market. It is often characterized by a series of lower highs and lower lows.
Accumulation Phase:
This phase of market structure precedes the Accelerating Phase. It is a ranging market after a downtrend. This phase is where smart money managers and experienced traders begin to buy. At this phase, the general market sentiment is still bearish.
In Conclusion
Although not always obvious, market structure plays out in all markets.
Smart investors who recognize the different parts of a market structure are more able to take advantage of them to profit.
- Zoom in your chart screen to -30%.
- Train your reticular activating system to easily identify these structures in the market.
A Traders Psych Evaluation
1. Asides money, why else do you trade?
2. When you’re not trading, what do you do with your free time?
3. If you bagged a million dollars in trading today… what’s your first step?
4. Your favorite trading book—if any?
5. Who do you admire most in trading?
6. What are you most afraid of in trading?
7. If you could change everything about your trading career—what would it be and why?
8. What subject in school made the most impact in you?
9. If you died today, what do you wish to be remembered for?
10. Are you addicted to trading?
11. What’s the most defining moment of your trading career?
12. Your dream destination?
13. Your favorite trading memory?
14. What do you feel most proud of?
15. Who introduced you to trading?
16. What’s your worst/best childhood memory?
17. If you had a chance to do-over in life… what would you do differently?
18. What’s your strongest quality?
19. Most embarrassing thing you’ve done in trading?
20. What’s a skill in trading you wish to learn and why?
ETH/USDTHello traders and welcome back to another analysis on LaroGroups page
Here we have 2 scenarios for Ethereum
Good news is we have a strong weekly support level for Ethereum On 3000$ that can be a rejection place for this bearish move and make a good pivot to pull up the price again
But the bad news is if the support zone dose not work, we see the lower price till we reach the dashed line drawn on chart.
Will Etherium break falling channel ?????ETH price currently moving in a rising channel in short time .................
Overall price moving in falling channel and this channel's middle line acting as a resistance and price rejected from it many times...........
local support :-3780-3770...............
Major support :- falling channel's lower line.............
Local resistance :- middle line of the falling channel...........
major resistance :- upper line of the falling channel.............
#DYOR #NFA
Shiba watchHere we are shiba analysis. We see shiba hitting the resistant line. Broke up to .000004. Doing the regular pull back. If shiba holds and make higher high we may see a bull run in the next few weeks. Alot of holders around the world holding shiba. Shiba broken The Golden line. Watch this coin. Like and follow for free analysis.
UK100 BREAKTHROUGH AND RETEST THE RESISTANCEThe FTSE 100 index is well placed to extend its recent run higher ahead of the Bank of England’s decision on UK interest rates next Thursday. Once seen as almost certain, a rate hike has become less likely because of the spread of the coronavirus Omicron variant.
That’s positive for UK stocks even though the Government has already responded by tightening the pandemic rules in England. Masks will now have to be worn in most indoor public places and employees have been told to work from home if they can.
The UK FTSE 100 index traded lower on Monday and touch and retest the broken resistance line from December 6th of the downtrend formed from drawn from the high of November 12th. That said, the slide was paused near the 7220.00 level, still above the prior downside resistance line. As long as the index is trading and stopped on that level and in combination with that the traders sentiment is net long, it would be interesting to see how the price will react in the following days.
In order to start examining whether the outlook has darkened further, the experts would like to see a clear dip below 7180.00, support marked by the inside swing, and 61.8Fibo correction. The price will already be below the aforementioned downside line and the bears may get encouraged to push the action towards. If they are not willing to stop there, then we could see them pushing towards the low around 7115.00 or lower to 38.2Fibo correction around 7050.00 or lower to the strong support and psychological level around 7000.00.
On the upside, the experts would like to see a clear rebound back from the current levels before start examining whether the bulls have gained full control again. This will take the index above the upside line and could aim for the 7370.00 or 7397.00 zones. Another break, above 7397, could see scope for extensions towards the peak of February 21st, 2020, at around 7460.
Looking at our oscillator indicators we have to notice that MACD and RSI are very close to the oversold zone but also noted big short volume bars at the end of the year.
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1INCH trap idealet's try to be the trap some traders on 1INCH,
we could try to enter below the last two relative lows where lots of traders have their stops.
In that spot we are facing also a pretty cool demand zone so I am expecting some serious reaction,
the risk-reward 1:5 is nice and it's worth a try
S&P500 D1 - Long Investment DCAS&P 500 D1
Fresh highs set here on S&P yesterday too before US stock market close. Significant gains and performance. The DCA instruments for new stock/index fund investors. The go to!
If you're looking to invest your first $100, this is something I'd consider looking at!
AUDJPY | Short trade idea agains trendAUDJPY has bullish bias now in D1 and seems to go a correction. While many traders said "you must trade with the trend", and hinder to trade against a trend.
But, I have a trade counter trend if you like if you wanna ride this correction movement in D1. What you have to make sure is the intraday trend is supporting your trade and we use Ichimoku by this time. So, here is the deal. If price can breakout support 84.884, then we can going to short with target 82.065. Sounds good?
Beware of the risk by the way.
Happy trading.
Gold (XAUUSD) | Trade IdeasSince Mid June 2021, Gold move sideways between 1721.66-1834.2. And for traders who still wanna trade this gold now, I give you some trade ideas like in the chart. You have remind yourself that Gold now under bearish bias. The chance is price can drag down again around 1834.2, so be careful when market already near or around that level.
Good luck then.
EURUSD | Intra Day Shorts?EURUSD shorts that unfolded earlier today around 1.16587, It presented as a clear trade setup (H&S) as most of us know about this pattern but very few understand the technicals behind it and how it should be traded, I personally didn't take this trade as i was not trading during this time and mostly focus on (London Open) but thought I'll share this anyways and hopefully it might help someone here in their (Trading Journey) so back to the technicals... Entry level would be off the right shoulder that's lined up with our 61.80% fibonacci level and stops can be placed above previous candle closure and 78.50% fibonacci level, any price break above this will indicate a trend reversal and to manage our trade, we would want to be stopped out before the massive move happens. So stops would need to be placed above this level and traded at 1% risk or lower, I personally take all my trades at 0.25% risk regardless how right i am with trading, my main focus in trading is capital protection and it should be yours too. Exit levels on this will be the -23.00 | -61.80% fibonacci.
This is one of many profitable setups that can be traded, however - my best advice is to find one setup and stick with that daily, weekly.
I will start posting more content and trade idea's here later this week.
I'm enjoying it.
Kind Regards.
BTCUSD D1 - Long SetupBTCUSD D1
On fire, good week and weekend for BTC and other cryptos. Threatening to set new ATH's as we approach our top end resistance price of $63k.
Awaiting a break and retest before entries for both investing and trading.
We could see some rejections here back down to $50k, this would justify a more healthy correction from the rally starting from $40k, but lets see what happens.
SQ double bottom?This is a very classic setup on SQ. Buying off daily 200 on a double bottom. And in the last 3 bars it was a perfect breakout. Nice close today. Nice increasing volume on the long bearish dip in Oct 4th meaning people are trapped. Nice 1.4 risk/reward ratio.
But the experienced trader inside me is yelling and saying I should buy the stop of this classic setup. What do you think I will do :wink:?
GBPUSD- BULLISH AND BEARISH SETUPGBPUSD
Orderflow- Bearish
- Price retracing for deep pullback to grab some internal liquidity structure with a Bull bias for short term BUY
- Market manipulation
Price left with imbalance in price disagreement with buyers this brings back the setup for the Bears to take charge of the market again
If you find my setup useful please do like and follow
USDWTI H4 - Long SetupUSDWTI H4
Something we were following last week, took a couple of short positions on this pair for 1R and 1.3R before being stopped at entry/profit.
We have now started to see an upside breakout of both S/R and trend sequence. A bit more of a convincing breakout and subsequent retest could offer us long entries.