The old Wall Street saying “Buy the rumor, sell the news” means that the best opportunity to profit from a news event is to buy into a chart early when the news is not yet priced in as it is still a potential rumor. The second part of the saying means that the best time […]
Paul Tudor Jones’ 22 Trading Principles that made him a LegendPaul Tudor Jones famous interview and documentary “The Trader” is a classic among market professionals. It is one of the few places you can see a true Market Wizard and young money manager become a billionaire. Here are the lessons I have gleaned from watching […]
Remember Do not trade solely on Patterns only. Ultimately, traders should seek out the best combination of patterns and price action to create an analysis strategy that works for them. Experiment with different approaches and combinations until you discover a method that suits your trading strategy and goals. Here are the success rates for these […]
This model works on all of Bitcoin’s recent major pull-backs since 2018, i.e. the 2018 Bear Market, the late 2019 correction and the current 2021 correction (all on the 1W time-frame). I have used the Fibonacci scales extensively both on the horizontal axis (Fib retracement) and the vertical axis (Fib time zones). ** The important […]
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume .Behavioral economics and quantitative analysis use many of the same tools of technical analysis , which, being an aspect of active management, stands in contradiction to much of modern portfolio theory. The efficacy of both technical […]
An RSI divergence indicator signal shows traders when price action and the RSI are no longer showing the same momentum. The RSI shows the magnitude of a price move in a specific timeframe. The RSI is one of the most popular oscillators used in technical analysis. A divergence looks at it in relation to the […]
At 31 years old, Charlie Munger was divorced, broke, and burying his 9 year old son, who had died from cancer. By the time he was 69 years old, he had become one of the richest 400 people in the world, been married to his second wife for 35+ years, had eight wonderful children, countless […]
Hello Traders Investors And Community,Welcome to this analysis about Bitcoin , we are looking at the 4-hour timeframe perspectives, I detected worthwhile signs lastly that will affect the Bitcoin price massively in the upcoming times. The news over the previous days and weeks where all very mixed, higher regulatory concerns came up from societies wanting to restrict Bitcoin mining or Bitcoin trading at […]
BTC continues to trade in this descending triangle pattern, currently I see a rejection of the 35k to 35.5k upper trend line , indicates it could possibly range back downwards to 30k to 31k. We could test this 35k mark for a bit longer, we are approaching the end of this pattern which could bring volatility as we saw at the end […]
