How to trade levels? How to play price? How I made 30x in 2 yrs!In this video:
I draw out a hypothetical initial investment.
I should how you can multiply your net profit by trading out and back in along the way to your final projected target.
This video is all about trading levels, a strategy I have developed from years of experience that has helped my to multiply my crypto profits exponentially.
I have 30x'ed my initial cash reserves over the period of 2 years.
I think you can too. I am going to show you how I did this.
Levels
SPX 4680 Key Level -- Former LVN to HVN In days previous, the 4678 to 4682 area was thinly traded on the way up, creating Low Volume Node (LVN). After today's action, we can see that the price is resting just above today's HVN around 4680.
Regions that transition from an LVN to an HVN, tend to become good support and a potential place to enter a long.
JASMYUSD: JASMY 11 Cents Target Hit & Exceeded! Congratulations!
Last Vid (see Link to Related Ideas below) predicted 11 Cents
Last Vid I predicted the breakout would happen within hours. It did.
Our target of 11 cents has now been met and exceeded.
Congratulations to all traders in order
Now where to?
Expecting 10-15% correction in Nifty very soon.After Great rally it seems like nifty is now tired and ready to correct till these levels. I presume that Nifty is not going to correct very sharply but it'll kill both bears and bulls in this fall so its better to stay away from markets for some time untill everything settles down.
Nifty needed a good correction and according to how chart is forming i believe its going to correct very soon but..
'Expect the unexpected' xD
Everything Need to Know About BankNifty Intraday level for 27OctNow BanknIfty has good support at 41100 level and upside only till 41800 at the moment as per the data point. 40800 - 4100 level is good buying level and can plan for short only if Banknifty reaches 41800 level and doesn't sustain over and give indication in price action.
The next support levels on GOLD If you've been following our analysis, you know what to expect from GOLD
In order for this to complete, we will be following for a breakout of the next support levels!
The first key level is at 1759. A drop below this level will confirm our analysis and it will result in a further downside move.
The next significant level to watch out for is 1745. A breakout of that level will give us the opportunity to add to our positions.
As of right now, we don't yet have an active position here.
OXTUSD Orchid Hit 48 CENTS Resistance Exactly. Now Where To NextThe previous video explained the bullish behavior of OXT.
Inside bullish triangle
Consolidation phase nearing an end
Testing huge resistance many times
Etc. (see link to Related Ideas below)
In this video, I analyse the greatest probability of where OXT goes next:
Currently hitting our heads on resistance at 48 cents
How strong is the 48 cent resistance line?
Where did the 48 cents resistance come from? How did I develop it?
What will OXTUSD do next? Greatest play scenariors.
SPY - Resisting with ResistanceWe are possibly in technically uncharted territories now that the SPY has broken it's long term upward trend and has now tested and confirmed a new downward resistance level. The market structure is also supporting a downward trend, with few points of volume showing sound structure through out the SPY -- in other words the SPY's profile structure is somewhat akin to a house of cards with areas of support that are spread far apart whose volume is stacked in a pyramid shape.
The bulls will need to push the SPY to break this new resistance level and quickly start building structure to keep the bears from taking any more cards.
It will be interesting to see how the wholesalers and institutional payers start changing their strategies in this new environment.
PLATINUM RETURNED BACK TO THE DOWNTREND CHANNELPlatinum is a rare precious metal used in jewelry, electronics, and scientific equipment. Platinum prices are highly volatile, even more so than gold. As platinum supplies remain low and demand high, platinum prices will likely remain volatile.
Platinum price formed a strong bullish rally last Friday due to the stability above the breached resistance at $1000.00 by reaching 38.2% Fibonacci correction level at $1035.00. Yesterday, the price returned back under the resistance level of the downtrend. It would be interesting how the traders will reach from that turning point.
If the price break through the strong resistance level around $1030.00 and 200-EMA, the experts suggest that it will activate the bulls on the market and it is possible the price will test the next strong resistance level around $1140.00 or to see higher prices around $1248.00.
On the opposite side, if the price continues falling, it will bring back the bears on the market, and the price may test the support level around $945.00 or lower around $908.00 again or far away on South around $838.00
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Weekly EUR/USD analysisIn this weekly post EUR / USD, we analyze the most popular currency pairs or Euros against US Dollars
Fundamental analysis
Late last week, there was good news for the US dollar, which helped boost the dollar, and we saw a sharp drop in currency pairs to the right of the US dollar.
For example, the PMI release was higher than expected. The US Federal Reserve and Treasury also announced that they are working to control inflation and unemployment and prepare the country for the post-coronavirus situation.
On the other hand, there was no good news in Europe. For example, the unemployment rate in Germany was higher than expected
Impact of Bitcoin
The US Treasury Department has also officially announced that it will not be like China and will not ban cryptocurrency transactions.
This has led to a sudden rise in the price of bitcoin and encouraged investors to trade more confidently in the country.
New week
In the new week, ADP Non-Farm Employment Change
and unemployment rates are the most important news.
Fundamental prediction
The Forex site predicts employment growth and declining unemployment in the United States, which is a positive signal for the dollar to rise and EUR / USD to fall.
The site also predicts that European PPIs could decline, which is a signal for the chart to decline.
Increase or decrease
However, with the closure of US banks on Monday as well as OPEC meetings, we expect the euro to experience short-term growth. This growth will be close to the previous floor, ie the range 1.66 to 1.69
Signal
If the price exceeds the said range, this week's analysis will be incorrect, otherwise the price will fall to 1.15 and even 1.42 is not unexpected
The first trades of the week will be SHORT at the end of the week if the BUY trend is bullish.
SPY (S&P500) - Resistance, Support, and Trend - 09/05/2021The S&P500 (SPY) has been uptrending in price, on daily and weekly charts (2021).
Current price is testing the upper Trendline Resistance line.
Bullish scenario:
-SPY price breaks up above trendline resistance to test new all-time-highs.
-Resistance price targets: $453.38, $457.40, $463.83.
Bearish scenario:
-SPY price pulls back down to horizontal or trendline support price levels.
-Support price targets: $447, $440.39, $436.37.
Note: Any price close above $436.37 price level would still be a higher-low, on a weekly chart, for the S&P500 (SPY).
ADAUSD Support Levels TargetedImportant things to note:
I am on vacation, will be back tomorrow.
Main Trendline broke, fall to 2.0 came as mentioned in my last chart.
Support levels we will likely see in this fall.
BTC is heading somewhere between 42k-38k
BTC failed to maintain 48k and push for 50k
ADA is heading somewhere between 2.0-1.7
Important Dates to Take Note of:
ADA Summit Sep 25-26 2021 (likely to produce more important dates)
Many of you probably remember I mentioned on the 17th that I was going to be on vacation until Wednesday. I would have liked to post yesterday, but I was at the Life is Beautiful music festival all day. So that is where I have been in case you were wondering. If any of you check my Instagram story probably already knew that! I also thought it was weird that the price started moving right when I was on vacation, but hey that's life for ya! Anyways, so what is going on is that BTC failed to push for the 50k level and could not maintain 48k. I told you all what would happen if that occurred and that is what you are seeing now. The main trendline broke which should have told you the price was heading to 2.0. I have put the key support levels on the chart for you to follow. I do not see it going down any further. The market will bounce, remember, pullbacks give the asset energy to move forward. If you are sitting there holding in the red, don't worry about it, this is only temporary. If you always stay a little cash liquid like me, you are loving this opportunity. Again, the market is going to bounce and I believe the highs coming in the next couple months are going to be huge. Well, that's it for me. I might have some time at night to come back and post but we will see. I will get to all the comments when I can. Thanks a lot for being patient!!
Also, it is worth mentioning that TradingView has reached out to me and offered me very kind words, and showed me some support. I thought that was very nice of them and it was very unexpected. Though, I never planned for any of this to happen at all. I was constantly making charts for myself and my friends and some of them suggested I post them publicly. I never imagined any of this would happen, if I did, I would have waited until I had a bit more free time LOL. However, it makes me really happy to know that people are learning from my charts and hopefully it will encourage you all to learn technical analysis for yourselves! In a couple weeks I will have more time to make the educational content you have been asking for, and I will likely chart a wide spectrum of assets. Thank you again for all of the support, it means more to me than you know!
Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time.
Again, I apologize for having less time to post at the moment, but that will change in a couple weeks.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
ADAUSD Price Comes to DecisionImportant things to note:
We have not gotten our 50MA test yet.
Price coming to another decision.
Long wicks tells us price will move up temporarily.
A break from temporary trendline will signal fall to lower price level.
1.91 price level will be hit hit price falls, 1.71 might be hit.
Chinese Govt hates BTC (we already knew that)
Important Dates to Take Note of:
ADA Summit Sep 25-26 2021 (likely to produce more important dates)
So we have not gotten our 50MA test yet and price looks like it is coming to another decision. Anything can happen so I am not going to say we will not get our test at all. We can see long wicks which tells us the price is likely to move upward if only temporarily. We also have a temporary trendline and a break from this level will signal a move to the downside which is the 1.91 level. The next stop after the 1.91 level would be the 1.71 level. I do not see the price moving below this right now but we will see. On another note, the Cardano Summit is tomorrow, which I am attending. Hopefully I can grab some limited edition NFTs and I'm sure there will be a lot of news coming out that may be beneficial for ADAs price. I am not going to guess what impact this will have because we don't know. However, I am going to let you all know what happens at the summit so you can know what's going on. In other news, the Chinese government threatens to ban BTC for the 1000000th time. Honestly, it doesn't matter long term in my opinion, people will find a way around all of this like they always do and it is likely to create alternative mining and markets all over the place. Anyways, that's my two cents. I will continue to watch ADA and let you all know what I think. Thanks again.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.