How TradingView Helps Me Not Miss TradesHey,
In this video I provide several examples that help me to not miss any trading opportunities and provide me more clarity and confidence in my trading. I share my trading style, the usage of tradingview alerts and multi-timeframe analysis to time it right.
Often traders struggle with missing trades, this is why you might miss them:
- Lack of confidence
- Lack of chart time
- Lack of knowledge
If you solve them one by one, your trading performance can improve fast.
Kind regards,
Max Nieveld
Structure
26.11.24 Morning ForecastPairs on Watch -
FX:GBPJPY
FX:EURCAD
FX:GBPUSD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
I am travelling to Dubai tomorrow morning and as explained in the video, I will do my very best to get some forecasting posted for you guys!
How To Setup Your TradingView RightHey,
In this video I show you how my charting setup looks like.
I use the monthly, weekly, daily time-frames in one layout.
I use the 4hour and 1hour time-frame in my other layout.
Then I show you everything I trade for FX in my watch list.
Then I show you my crypto and stock market watch list.
Kind regards,
Max
MINA ChartHey,
I forgot to post this one the last time, here you have MINA.
...This is one of my top 5 holdings.
Mina is building the world’s lightest blockchain...
It uses zk-SNARKs to keep its size fixed at 22 KB.
This makes it easy for anyone to run a node.
The native cryptocurrency is called MINA.
MINA is used for transactions and staking rewards.
Mina focuses on privacy and scalability.
Developers can build lightweight decentralized apps called Snapps.
It supports private, secure, and efficient transactions.
Mina is designed to be inclusive and decentralized.
The goal is to make blockchain accessible for everyone.
Kind regards,
Max
ALT Season AheadHey,
I wanted to share some thoughts on the current market dynamics and what I’m observing in BTC dominance.
If you’re invested in ALT coins—especially legacy coins like ETH, XRP, or even RUNE—you might feel like your returns are lagging significantly. The truth is, they are. Let me break down the relationship between ALTs and BTC dominance to give you some context.
I use TOTAL3 and BTC dominace charts, check them out.
There’s a strong inverse correlation between BTC Dominance and TOTAL3. Historically, when BTC Dominance trends downward, ALTs begin to outperform, experiencing substantial growth relative to BTC. This shift often marks the period when ALT coins start “shining.”
Interestingly, during the last cycle, BTC didn’t peak at the height of BTC Dominance. Instead, BTC peaked after ALTs had a massive rally, during a period when BTC Dominance ranged in the 40-50% zone.
Currently, BTC Dominance remains in a strong uptrend with no clear signs of slowing. For this reason, before heavily shifting into ALTs or taking profits on BTC longs, I’m waiting for a momentum shift in BTC Dominance. Even a simple trendline break to the downside could signal that capital is flowing out of BTC and into ALTs. This doesn’t necessarily mean BTC will lose value; in fact, it might continue climbing. However, it does indicate a tipping point where ALTs could begin to significantly outpace BTC, offering much greater upside potential.
That said, it’s important to consider the growing institutional interest in BTC. Unlike retail investors, institutions are less likely to pivot into ALTs (except for ETH, which benefits from its status as a leading crypto ETF). As a result, BTC Dominance could climb past 70% and may not see a sharp decline even when ALT coin momentum begins.
USDCAD We hit our First POI point. We needed to wait to observe the shift in the market structure with the bullish bias.
This is confirmed by the change of the market direction after breaking the last Lower High to create a new High.
On this direction bias, we notice that there are new breaks of structure that were caused by a consolidation or correction that pushed to break the previous high on that developing bullish leg, the correction was not retested, or mitigated.
Right here around this zone, we are starting to see the price coming back,
use your learnt entry models in the lower time frame structures to facilitate a roper entry.
GOOD LUCK
BTC Trading in Price Discovery Zones (Price analysis)Bitcoin in Price Discovery: Understanding and Trading in Uncharted Territory
When Bitcoin or any asset reaches an all-time high (ATH), it enters a phase known as price discovery. In this phase, the market operates without historical price references, navigating uncharted territory to determine fair value. For traders and investors, this presents both an opportunity and a challenge. Employing techniques like Elliott Wave Theory and analyzing price and volume dynamics can help strategize trades during this unique phase.
What is Price Discovery?
Price discovery occurs when an asset ventures into price levels it has never reached before—most often at its ATH. Without prior data for resistance or support, the market relies on demand, supply, and speculation to set new price benchmarks. Understanding how price reacts in this phase requires both macro and micro analysis.
Elliott Wave Theory in Price Discovery
Elliott Wave Theory offers a framework for understanding market psychology and price movements. In the context of price discovery, the B Wave of an Elliott Wave formation plays a pivotal role:
Identifying the B Wave and Pullback Zones
The B Wave represents a pullback into a range after an impulsive move upward (Wave A).
Mark the peak of the impulsive move (A) and the bottom of the pullback (B).
Project this range forward in time to identify potential support zones.
Support Zones in Price Discovery
The previous high (Wave A peak) forms the top of the support zone.
The B Wave low forms the bottom of the support zone.
Once the price pulls back into this zone, it signals a potential retest of the support, offering opportunities for reentry into the trend.
Drilling Down: Smaller Timeframes for Confirmation
When Bitcoin retests these support zones, zoom into smaller timeframes to assess price reaction and volume behavior. Look for:
Bullish Change in the State of Delivery: This includes higher highs and higher lows, increased buying volume, and bullish candlestick patterns such as engulfing candles or hammer formations.
Volume Confirmation: Strong volume on upward moves and decreasing volume during pullbacks indicate sustained bullish momentum.
At these support zones, the price is likely to resume its bullish trend if the market shows these signs of strength.
Managing Risk in Price Discovery Zones
Despite bullish setups, price discovery is volatile, and false breakouts can occur. To safeguard trades:
Watch for Fair Value Gaps (FVGs)
Look for large, unfilled price gaps from prior resistance areas.
These gaps might signal areas where the price could retrace deeper before confirming support.
Adjust Entries and Stop Losses
If price breaks below the initial support zone (top of Wave A), it may retest the bottom of the B Wave for further consolidation.
Set stop losses below the bottom of the B Wave to protect against unexpected reversals.
Evaluate Volume-Driven Moves
Weak volume during a retest could indicate insufficient demand to support the price, suggesting a deeper pullback or reversal is more likely.
--------------------------
Price discovery is one of the most exciting and rewarding phases for traders who know how to approach it. By using Elliott Wave Theory, you can pinpoint key support zones, especially around the B Wave pullbacks, and then confirm your setups by analyzing price action and volume.
The key here is patience and precision. Let the price come to those critical zones you’ve marked, watch how it reacts, and make your move confidently. Stay flexible, though—price discovery is unpredictable, and managing your risk is crucial if you want to make the most out of this high-potential phase in Bitcoin’s journey.
How NC Zones WorkHey,
Why not share some knowledge while we at it.
I've been trading these zones for many years now..
If you want to understand them, it starts like this;
Look for imbalances (new capital indicator find it for free)
Make sure the imbalance is engulfed.
Draw in a zone.. (Called the imbalance zone)
Now see if this imbalance zone achieved something...
Like taking out a trendline zone.. or taking out a trend.
Happy studying :)
Happy wknd,
Max