Hey traders, In this article, we will discuss a very common pattern that is called gap. In technical analysis, the gap is the difference between the closing price of the previous candlestick and the opening price of the next candlestick. 📈Gap up represents a situation when the price bounces up sharply at the moment of a transition from one candlestick to...
Volume and liquidity kick back into markets after the US Thanksgiving celebrations and we consider if the trend of a weaker USD, low cross-asset volatility, rising gold and Bitcoin can continue. Direction for this scenario will focus on the direction of travel in equity markets, and notably, whether the NAS100, US500 and even the JPN225 can kick higher. The...
Price never gets faked out. Traders do. A blow-off top, a black swan, a trend break. All of these can easily become TRAPS-101. The winter is coming. Time to turn back your clocks. November 1994 November 2015 November 2023 No more words are necessary. No conclusions, no signatures.
-- Prologue -- Crises don't come when everybody expects them to. I have said this over and over again, for the last year I've been in this platform. I don't take it back. Finding out the kind of crisis that will come, the time and the severity, is hard. Trading, investing, living, is hard... Some have called me schizophrenic. This is funny. When you say what...
As we approach the final stretch of Tradingview's Black Friday sales, I thought I would outline some reasons why you should invest in Tradingview, or more specifically, a paid membership. Its the time of year where expenses start piling up. Christmas on the horizon. If you are a licensed professional, then you have to start renewing your license and insurance (I...
Let me begin by wishing everyone in the TradingView community a Happy Thanksgiving! A day of joy, gathering and happy family moments! Aren't you curious to see where the price of Bitcoin (BTCUSD) was trading on this day in the previous years? If so, have a look: 2010: $0.28 2011: $2.49 2012: $12.51 2013: $813 2014: $376 2015: $328 2016: $739 2017: $8,771 2018:...
Bitcooooooins... UP! In the recent history, we have had two perma-bull trade-ables, NDQ and Bitcoin. No-one in their real mind would dare to short these 2 years ago... So what if, we could compare these two bulls? Who will survive in the years to come? Who is the record keeper? The answer is NOT as simple as it might seem. Read until the end to find out... 2022...
We are in an ascending channel pattern for 466 days now, which is a bearish pattern, we are hovering around $36566 price, we lots of volatility yesterday because the CEO of Binance stepped down. For the price to still be where it is now is actually a good reaction from the market! This does not mean bearish and bullish patterns always play out, what we can do is...
Hello, here is a cheat sheet for Elliott Waves for top 10 Rules, so you can print this out and keep on your desk. The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors....
Hi Everyone! This stream will mainly cover BTCUSD, ADA, MATIC and FTM
👉Stream Content: Price Action based TA, Key Level gain/loss, Chart Requests for Crypto and TradFi Markets 👉Scheduled Streams: Monday - Friday At the NYSE Open
This may be against the trend or as my friend says "going against a tsunami" but there's technical evidence to suggest that we may see a drop in Gold for the next couple of months. On the monthly timeframe we appear to be in wave 3 - which is made out of 5 impulsive subwaves. See below: Wave 2 and Wave 4 are ABC corrective waves and on the weekly timeframe we...
The charts are suggesting caution. On the above 10-day chart: 1) Double top in price. 2) Regular bearish divergence. The higher the timeframe you look the more ugly this divergence is. Laterally I’m wondering if the small banking crisis that hit the US is now venturing to other parts of the world. OmaSp does not appear to be in isolation. There were some...
Mean reversion is an important concept in financial markets, offering traders the opportunity to capitalise on price fluctuations around a long-term average. This article unpacks mean reversion and explores three key trading strategies augmented by specific indicators to fine-tune entry and exit points. Understanding Mean Reversion Mean reversion is a theory...
World-class climbers require the best equipment, gear, and preparation - they can't scale the most difficult mountains without anything else. For the world' best traders, they too must have access to the best tools and features. To climb to the top of modern markets, great research is a prerequisite. Our sponsored athlete, Alex Honnold, is the best free solo...
Hello Everyone, In this tutorial, we learn about how to create simple auto trading bot using tradingview alerts and OKX exchange built in integration mechanism. Few exchanges have come up with this kind of direct integration from tradingview alerts to exchanges and as part of this tutorial, we are exploring the interface provided by OKX. In this session, we...
We entered 2023 with a pessimistic consensus outlook for U.S. economic performance and for how rapidly inflation might recede. As it happened, there was no recession, and personal consumption posted sustained strength. Inflation, except shelter, declined dramatically from its 2022 peak. The big economic driver in 2023 was job growth. Jobs had recovered all their...
With a new set of weekly candles to assess, we see the USD looking weak, with the greenback having fallen on the week against all G10 and EM currencies, bar the COP - the risk seems skewed for further downside in the buck. EURUSD closed above the former rising trend (drawn from the March lows) and targets 1.0960 (the 61.8 fibo of the July-Oct sell-off), with...