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Higherlow

Unlock the Secrets of Gold Trading: Pericles' Ancient WisdomIn this video, we explore the profound perspectives on fear from historical figures like Pericles and modern thinkers like Ryan Holiday. Pericles, the esteemed Athenian statesman, saw fear as a natural emotion that should not paralyze us. He believed in confronting fear with courage, rational thought, and strategic planning, using it as a tool for effective decision-making. Ryan Holiday, drawing on Stoic philosophy in his works, echoes these sentiments with stories of historical figures who turned fear into fuel for success. He recounts how John D. Rockefeller faced market crashes with calm calculation and how Theodore Roosevelt overcame health challenges by embracing adversity. Both Pericles and Holiday teach us that fear, when managed correctly, can become a powerful ally. By acknowledging fear, confronting it with rationality and courage, and using it to sharpen our focus and strategy, we can transform challenges into opportunities for growth and success. This approach is especially relevant in the realm of trading, where mastering fear can lead to better decision-making and greater resilience. Key Levels and Patterns: Higher Highs (HH) and Higher Lows (HL): The chart shows a series of higher highs (HH) and higher lows (HL), indicating an overall uptrend. This pattern suggests that the bullish momentum is still in play. Ascending Channel: There is a well-defined ascending channel where the price has been moving upwards within parallel trendlines. This channel can act as a guide for potential support and resistance levels. Reversal Points (LQZ): 1-Hour LQZ / Reversal Point: Located at 2,429.190. This level is a potential area where price may reverse or find support. 4-Hour LQZ / Reversal Point: Located at 2,391.394. This level also serves as a significant support zone. Take Profit (TP) Levels: TP 1: 2,319.385 TP 2: 2,288.085 TP 3: 2,265.369 Recent Price Action: The price recently reached a higher high at around 2,458.755 and then pulled back slightly, indicating a potential short-term correction within the overall uptrend. The ascending channel suggests that if the price remains above the lower boundary of the channel, the uptrend is likely to continue. If the price breaks below the 1-hour LQZ / Reversal Point at 2,429.190, it could test the 4-hour LQZ / Reversal Point at 2,391.394. A further breakdown below this level might lead to the next support at TP 1. Analysis Summary: Bullish Scenario: The price could bounce from the current levels or the lower boundary of the ascending channel, aiming for new highs. Traders might look for buying opportunities near the support levels of the channel and reversal points. Bearish Scenario: If the price breaks below the identified reversal points and the ascending channel, it might signal a deeper correction, potentially heading towards the TP levels for possible buying opportunities at lower prices. By applying Pericles' wisdom of confronting fear with rationality and Ryan Holiday's insights on turning fear into strategic advantage, traders can approach these levels with a clear, disciplined mindset, making informed decisions even in volatile market conditions.
OANDA:XAUUSDEducation
by Adlercon333
2
Long Scalp on ETHAfter the daily made a bearish push to the downside I wanted to see how price reacted to the 38.2 prz level. on the 4H, a hammer on top of the 38.2 fib as well as support. Breaking things down to a lower timeframe I had a correction trendline drawn from the latest swing highs. Price had broken the correction trendline and began up trending on the 15min and 30min chart so i bought with my stop loss being below the 30min low. take profit at -27.% from that 38%.
BITSTAMP:ETHUSDLong
by DesharedPierreJr.
1
BTCUSDT needs to create the new Higher high! the price bounced on the 33k area on the monthly support and got the liquidity until the 0.382 Fibonacci level as new resistance. On the weekly timeframe, the price is testing the dynamic support. On the daily timeframe, the price had a breakout from the dynamic support and now the price is testing the previous support as new resistance. On the 4h timeframe the price had a breakout from the falling wedge and now it's trying to create a new higher high. How we can approach it? For a bullish scenario, the price needs to create a new higher high from that area above the 0.5 Fibonacci level (41k) with volume and momentum. IF the price is going to lose the 4h support we could see a new bearish impulse until the next demand zone
Short
by InkyGrip
14
The BTC warBitcoin is currently at war fighting to hold the low while attempting to break its down trend. just closed a wild daily with and 18% swing. opened yesterday losing 8%, then running up 18% from the low only to close up 3% on the day. one of the largest indecisions it has ever printed on daily. holding higher low on daily with major time scale closes ahead on Sunday with the weekly and Monday the monthly, there no reason whatsoever BTC cannot paint another major pattern like the prev and wave up with enough bids to break 40-50k. has to get enough bids to hold and follow thru major time scales in order to perform.
by KryptoKup
SPX To 3500 by Friday, Weekend Update - 3800+ ComingThe aggressive pullback we saw after President Trumps tweet was the perfect set up for a bear flag to form and push down further. That didn't happen, instead all the market did was push and grind higher. This tells us, all time highs are coming. This tells us now is the time to be aggressive. The market still needs a consolidation, a 4 hour higher lower. But it wants to go higher. Look for a pullback Monday/Tuesday with a push up to 350+ for Friday. It's important to understand when the market is consolidating, trading in a range or chopping around. It's even more important to identify when it is in an aggressive uptrend. Now is that uptrend. Now is the time to be aggressive. If you missed out on July/August runs or suffered from FOMO off the March lows. This is your opportunity. This is the time you need to take advantage of the uptrend.
OANDA:SPX500USDLong
by TradingWithTrends
2
TEZOS Rhymes With Bezos And Other Reasons To Look For Longs.I normally update Bitcoin, but there is NOTHING to say except that it's still gyrating near the low of the broader range, and we are still long while waiting for it to break higher. MEANWHILE, there has been some unusual and interesting movement in some of the alt coins which in a way reflects the speculative appetite of investors in this increasingly frothy environment. Alt coins have to be some of the highest risk instruments to invest in since they really have nothing to offer besides some kind of "concept". Yet, money flows into anything that can successfully hype its way into the spotlight. Is there any short term value in these things? Sure, wherever there is price momentum, there is opportunity and this is where technical analysis offers the best perspective. In today's video I will evaluate TEZOS and determine what kind of price behavior is reasonable to expect for the coming week. Usually when I get a question about one of these, it often comes AFTER the market has made it's move. Reasons for these things moving can range from some news about significant advances in the project to "Elon Musk tweeted about it". Either way, IF you are not in from earlier prices, then the next best thing to do is figure out where its inflection points are in order to ANTICIPATE a new potential opportunity. The objective is to isolate locations where reward/risk and probability are attractive RELATIVE to the RISK you are willing to take. If these ideas sound unusual, then you have no business risking real money in alt coins. Novice investors get wrapped up in a "good story" or hype because it offers the illusion of being "informed". The only information of actionable value that most of us have access to is on a chart ESPECIALLY when it comes to short term momentum strategies. So where are the inflection points on TEZOS? The 2.25 and 2.50 support levels offer historical and proportional areas to look for bullish price action (pin bar maybe?) in the coming week. There is also a minor support at 2.90, which price is testing at the moment without offering any signs of a long setup. The 3.35 area is the current resistance that is in play which is one reference point to measure when it comes to reward potential. The recent structure (since March) is bullish, which means it is reasonable to expect a higher high, so the question becomes WHERE should we take risk? In this situation, I would prefer to WAIT for a setup IF one develops around the mid to lower 2 area. That is where we can assume the least amount of risk relative to testing that 3.35 high area (IF it attempts to test that high). What I like most about this coin (besides the fact that it rhymes with Bezos), is that recent momentum is independent of Bitcoin. A change in this correlation can be related to new capital flowing into this market, and where there is new money, there is potential for it to outperform.
C
by MarcPMarkets
3
Bitcoin Needs More Shorts To Squeeze Please.#Bitcoin peaks at 10,400 before confirming a bearish outside candle formation. Is this the beginning of the next bear market? Maybe for 1 hour chart enthusiasts, but broader price structure CLEARLY hints toward further strength. In this video, I am sharing the ideas and elements that we evaluate in order to gain a sense of perspective that is RELATIVE to the intent of the market. This is part of the decision making process that governs the performance of our LONG only swing trade strategy. The text portion provides a summary of the key points of the video. 1. 9564 to 10,168 is a notable resistance zone where there is a greater probability of a bearish reversal (particularly above the 10,300 peak established in November). For our LONG only swing trade strategy, this provides an inflection point to reduce risk (partial profits) or exiting a trade completely. 3 out of 4 of our previous swing trades reached all 3 profit targets. We sent out an exit signal on our most recent alternate trade to lock in the profit which had not reached target 3 (we shared this idea at 9500). Why exit? The next relevant support is the 8900 area and there is no reason to let this profit erode any further at this point. 2. Just because there is a sell signal, does not mean we are bearish by any means. The broad reversal pattern (inverted head and shoulders) off of the 7275 support zone has established a bullish impulse structure (from 6400 area to 10,400). UNTIL this structure is compromised, we will be open to taking aggressive long signals while interpreting sell signals lightly. 8945 is the support that price needs to maintain in order to maintain bullish momentum. 3. We are waiting for the next higher low and price action reversal to go long. Those who short this are the ones who provide the buying pressure when they are margined out of their positions. This short covering effect is likely to lead price through the 10,400 high and into the next resistance zone in the mid 11Ks. Price action will need to establish a bullish reversal somewhere between the current price and 8900, otherwise we take no action. Can price retrace to the 7K area? Sure, but the probability is low until order flow can provide evidence that such selling pressure exists. Long term opinions mean very little when operating short term strategies. Order flow determines reality, read order flow, not opinions. Whenever a sell signal appears, the bears pile in, typically with unrealistic profit targets RELATIVE to their time frames and this environment. Difference in opinion is what makes a market because in order to win, someone has to lose. The mark of inexperience is focusing on being "right" in an environment that is highly random. You can be wrong and win, and you can be right and still lose. Sound familiar? Just look at all of the charts posted in the comment section, all trying to prove who's right. Long term performance is a product of two things: ADJUSTING to variable probabilities AND making more when you win, relative to when you lose. Our track records serve as realistic examples of a philosophy that is focused on risk management, not win rate.
BITSTAMP:BTCUSD
by MarcPMarkets
53
New Bitcoin Buy Signal In Play. Look Out Bears.#Bitcoin new buy signal has triggered upon the development and break of the previous inside bar high. Yet, many still argue that Bitcoin is a short. In this video I point out why I believe Bitcoin is going to low the 9Ks on the next leg, and what common mistake blinds the majority of participants to such a move. The goal here is to provide perspective, and insight into how our decision process is managed for our LONG only swing trade strategy. I aim to provide real value to the community, not persuade you to agree with my view, nor should this be taken as advice. I am providing the main points of my video here so that you do not have to watch the whole thing. Note to those who like to criticize: Disagreement is perfectly acceptable, BUT if you can't SHARE your reasoning in a way that provides educational value to the community, then please refrain. You only degrade the experience of this platform which should not be tolerated by those who are making a genuine effort to learn. 1. 8130 support has held and price structure has established a HIGHER LOW. This structure is a sign of strength since higher lows often lead to higher highs. Those who continue to focus on the series of "lower highs" that Bitcoin has established since June are NOT taking into consideration the WEIGHT of the most recent price structure. 2. Sell signals (like the outside bar the appeared about a week ago) do not guarantee there will be bearish follow through. These signals can offer attractive opportunities for very short term oriented styles such as day trading, but any expectations beyond that magnitude and you are BLIND to the clear signs of strength that are now present. In this environment, sell signals as defined by our swing trade strategy carry little weight. 3. In terms of proportionate order flow, the next target area for price is in the low to mid 9Ks. There is a resistance around the 9K area which price has reacted to previously, but short squeeze momentum can lead price through this level (which will take us out at our 3rd profit target at 9250) and into the next zone which borders the low 10K region. This means reward/risk is still attractive for long swing trades taken around the 8500 area. To be clear, my perspective and analysis is based on the swing trade strategy that we operate. Everyone has their own definitions of what trading means, and in order to compare ideas, it is important to recognize the specific time frame, and magnitude of the inflection points that we are evaluating. So questions about price action on one hour charts are not relevant in this regard. Overall, the inverted head and shoulders, followed by the recent higher low are clear signs of a momentum reversal within a corrective consolidation (defined by 14K high to 6450 low). This is NOT a bearish trend as I have been pointing out for MONTHS. And if the recent momentum continues for a break of 10,300, THEN we can argue that a broader Wave 3 is in play. And upon confirmation, that will prompt us to change our trend expectations from corrective consolidation to bullish. For our strategy, trend and momentum are not the same thing.
BITSTAMP:BTCUSDLong
by MarcPMarkets
36
Thank You Bitcoin Bears. New Buy Signal Can See Break Of 8500.Bitcoin has established a new buy signal in the form of an outside bar which may be the beginning of the next leg higher. This video serves as an update to my previous written analysis where I wrote, "A close above 7600, followed by 7950 is likely to stimulate a flurry of margin liquidations (shorts following their small time frame charts who are now caught). This buying pressure, along with break out buyers can take price to 8500 or even the low 9Ks in a matter of hours." In this update I will answer the question, "Is this the retrace to buy into?" and further explain our rationale for positioning TWO WEEKS in advance of the dramatic short squeeze (hint: it is all about understanding probabilities and has nothing to do with logic or news). I realize some community members prefer shorter videos, but I am including the main points here so that you get the idea without having to watch the entire thing. 1. The recent short squeeze was the outcome of a strong catalyst, BUT Bitcoin has been in a position to rally for MONTHS. The patterns that developed as a result of order flow around a particular LOCATION favored LONGS the entire time. Small time frames will blind you to this important context. 2. The 7600 minor support has held and a new higher low is about to be established. Higher lows often lead to higher highs, and there is now a bullish outside bar which can be interpreted as a new buy signal for a swing trade long. The next high is likely to be above the 8500 resistance. 3. Our swing trade from 7250 (taken almost 2 weeks ago) has reached 2 out of 3 profit targets. This means we are only long 1/3 of our original position. This also means price can go below our entry of 7250, and our trade will still be in the green. This is how we define a STRONG HAND. This is the result of positioning based on probabilities, not reacting to news, opinions or random lines on the lower region of a chart. Capturing short term moves in Bitcoin, just like any other market requires advance positioning. Reacting to news events, drama, and other stimuli is what leads to losing trades. Logic is NOT your friend in financial markets because randomness is high and we will always be competing against VERY LARGE players who will ALWAYS have better information than we do (hint: the CEO of Coinbase, or any other participants at his level are NOT analyzing the RSI on one hour charts to maneuver their capital). See the charts for what they are: a way to gather clues of market intent, construct relative probabilities, and to define risk proportionally to your personal capacity. There is enough information on a chart to make informed decisions, it's just that most traders and investors are not able to recognize it and instead rely on instinct, logic, and backward looking oscillators.
BITSTAMP:BTCUSDLong
by MarcPMarkets
46