Today we have a fun one because I love making money. There is nothing better than nailing down an awesome trade and today I am going to teach you about something called 'divergence'. It might seem a bit complicated at first but it will be well worth it. As you can see in the BITFINEX:BTCUSD chart above, the prediction is stupid accurate.
The Basics
You are...
Hi :)
I love doing those.
Crypto is different, "true believers" are right, so we must adapt the wall street cheat sheet to it.
Here is how it looks like adapted to crypto.
Keep a good eye on this trendline, that dates back to MtGox:
It will be at 6000-7000$ by the end of the year, so sooner or later we will have to test it.
Bitcoin cannot stay stuck in...
Back with an educational post to spread the hate! Grrr how I hate crypto I am so angry that I got into trading and soon do not have to work anymore.
I have to bring balance back to the force. Crypto sentiment has to get back to reasonable levels. All this ridiculous fanatical love for crypto has to end, and it will end.
Everyone, but in particular anyone that...
Here, using gold I demonstrated the importance of time analysis. Most of traders analyze only price action in relation to price and most of indicators can do only that.
However price need to be analyzed also in relation to time, as price moves in Fibonacci sequences not only in price scale but also in time as you see. And when it hits an important Fibonacci TIME...
We are only in the early phase of step 2...
Can you see it? Markets are governed by fundamentals and psychology.
Crypto fundamentals are non-existant, hence it all makes sense, they are fully governed by psychology.
Does not matter if we go up or down, it's all the same.
And the exact same people that were in disbelief in the early stages of it going up are now...
Was recently shown this little gem of a ratio chart that will help gauge strength to certain markets such as the stocks and other financial instruments as the S&P, Dow Jones etc
So what does it all mean??
The ratio of two diametrically opposed asset classes often provides insightful clues about what investors are doing.
The XLY:XLP ratio is a perfect example....
I recently watched this podcast with Tone Vays. Tyler Jenks was the guest and he started out by saying:
"This is the greatest opportunity I have seen in financial markets."
It just so happens that I have been studying parabolic theory as it relates to hyperwaves. I am using that information to develop a trading strategy that is aimed towards capitalizing on...
My previous analysis was bad. It had several errors, and the FLD period was wrong.
This 15 min chart has my custom 30min and 4h FLDs (green and orange). Creating and indicator for cycles is impossible at this moment but I use it for historical data and then draw cycles myself.
Let's see what happens
The wonders of Fibs
This is USDJPY on FXCM .
Left pane is Weekly chart going back to 2012.
Right panels are zoomed in views of the circled areas.
The Fib in left pane was drawn from the first impulse in first Quarter 2012.
Each of the fib extensions shown becomes relevant later.
Check the 4.0 Extension at 110.025. Not 110.000, not 100.000 but 110.025...
Traders layering into TRY potentially got burnt last week as the Turkish Central Bank intervened to halt the local currency's worrying devaluation by raising interest rates by a whopping 3%
Whilst i tend to let the majority of fundamental data pass me by , it often pays to atleast maintain a health awareness of key macro factors that might have a direct impact...
Pretty simple.
1- When we lose the important moving average's, it's an indication a bear market is possible, but by itself does not confirm the start of a bear market at all.
2- When the MA50 starts going downwards... you can start betting we're in bear market.
3- When we lost the MA100 and it starts pointing down, bear market is confirmed, but by then we already...
Alright... this was a tad of work. Apologies for it being so messy.
Top of the trend lines, are Direct and leaving Retrograde zone
Bottom of trend line, planet enters retrograde zone and/or retrograde.
Rx = Retrograde
I watched a video on Renko Candles and the presenter listed several systems he uses for TA with one of them being Astro Cycles. This piqued my...
Hi everyone.
Here is part 2 of the CTR/BTC entry signals video. It focuses on pinpointing an entry level using a lower time frame.
I'll put out an exit signals video shortly that covers things from that perspective.
As always, let me know if you have any feedback or suggestions for future videos.
Cheers and good luck,
RJR
In Wyckoff Analysis, four main phases occur during the trading cycle: accumulation, markup, distribution and markdown.
Accumulation phase is when smart money enters on a long position, when general public is not interested.
Markup phase is when parabolic movements start, driving media and public attentions, when entusiasm and FOMO make their victims.
Distribution...
Hi,
This is not a trading plan but a likely scenario for another giant Bubble for Bitcoin.
BTC is growing bubble after bubble (4th in its history since 2008).
Take off has ended at $20.000 when CME Future Contracts opened.
Investors has shorted heavily via these contracts. Institutionnals are coming slowly into this market where in the same time where...
Fib extensions.
Draw a high from the previous high to the bottom of it's real correction (4h retraces to the 20MA, in BTCUSD's case, work.)
Now, extend to the current peak.
Is it failing to retest the 0.236? Get out, prepare a to buy at the 0.618 if it holds.
0.618 holds? buy but prepare to sell at 0.382.
0.618 fails? try at 1.0
Buy at 1.0 but prepare to...
ZCL and the emotional market cycle. The resemblance to the classical pattern of boom and bust is uncanny. wallstreetjackass.typepad.com
The boom manifests itself in 5 wave impulse move. Checkout Elliot Wave Theory. www.babypips.com
The bust culminates in a 3 wave correction down to the vicinity of where it all started.
If you can identify these patterns in...
![BA: Trading Strategy for Parabolic Markets [Part 1]](https://s3.tradingview.com/g/gyH3L8oF_mid.png "Trading Strategy for Parabolic Markets [Part 1]")
