Hey there on 1HTF gold looking for support level of 2850-2840-2830 And buy side we can see there upside 2870-2880-2890-2900 So guys we can see there ath 2882 break and go upside Good luck and like comment and follow for more updates and analysis
Volumes and volatility are highly suggestive here.
Breakout it looks like. Can this rise again? Gonna enter in some $5 Feb 21 calls. Check the volume. Big money is flowing here.
A few days ago, the crypto market experienced another brutal sell-off, leaving most traders in despair. But historically, whales love to shake people out before pushing prices up. Looking back at past bull runs, it’s common to see a sharp crash forming a bearish pattern, only for the price to suddenly skyrocket—leaving everyone behind. Will it happen again this time? I can’t say for sure. But based on the overall market structure— BINANCE:BTCUSDT , BINANCE:ETHUSDT , CRYPTOCAP:BTC.D , CRYPTOCAP:OTHERS , CRYPTOCAP:TOTAL3 —the bull market still seems intact. Now, let’s talk about $ETH. The recent crash completely invalidated the inverse head-and-shoulders pattern, and that massive wick just happened to hit the weekly M-top target (light blue line). Zooming out, the massive symmetrical triangle (yellow lines) from 2022 is still holding. It looks like the whales intentionally broke below the triangle to create a bearish illusion and scare people into selling. They did the same thing last August to November—three months of shaking out weak hands at the lower edge of the triangle. At the time, many turned bearish. Then, whales pumped ETH back into the triangle and even broke the upper boundary. So right now, we see similar bearish traps: An M-top that didn’t break the neckline. A fake breakdown below the triangle’s lower edge without follow-through. To me, this seems like another deliberate move to clean up weak hands. Short-term, we’ve probably already hit the bottom. From here, we’ll watch how the chart develops. If you’re looking to enter, now seems like a reasonable time—but make sure you set a strict stop-loss. ? Bitget 20% Trading Fee Off | Limited Offer https://lihi2.com/5tNHE for more future script "guesses" like this!
https://www.tradingview.com/x/SEsxYmXM/ Hello, Friends! GBP/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.973 area. ✅LIKE AND COMMENT MY IDEAS✅
The BNB chain memecoin has since seen a noteworthy uptick of 389,000% since listing but gradually plummeted losing about 93% of market value. While presently oversold, with the RSI of 26 chart patterns shows barriers that $FU coin has to break to make a comeback. $FU coin has to break pass the 38.2% Fib retracement level to capitalize a move to the resistant point of $0.0002 and possibly a break to the ATH recently attained December, 2024. Similarly, if it fails to break that level and selling pressure persist, we may experienced extreme selling pressure. while already down 15% as of the time of writing, A move to the 78.6% Fibonacci retracement level could breath some hopium for long term holders and early investors. About FU Coin WHATS FU? Dream of magic in your crypto tale? Fu the coin that turns fortune’s sail. Named for “luck” it’s here to ignite, bringing fortune to your wallet’s night. Holding Fu is more than just coin and chain, It’s transforming your wallet into luck’s domain. Powered by BNB, swift and secure. A lucky wallet opens every door. Fu’s not just another coin in the sea, It’s the spark of joy in your crypto spree. Join the Fu journey, where luck’s yours to hold, And turn your wallet’s story into gold! FU Coin Price Live Data The live FU Coin price today is $0.000168 USD with a 24-hour trading volume of $163,696 USD. We update our FU to USD price in real-time. FU Coin is down 17.19% in the last 24 hours. The current CoinMarketCap ranking is #688, with a live market cap of $32,665,073 USD. It has a circulating supply of 194,529,579,979 FU coins and a max. supply of 10,000,000,000,000 FU coins.
Pretty strong evidence for continuation of upward price action o this one. We are certainly waiting on a RSX momentum divergence to form here, hopefully in the upwards of 1.0 Fibonacci extension of the immediately previous move. Markets are very fluid, and as such percentage probabilities vary with time passing. What looks right today, may not look so tomorrow.
Imagine sailing through stormy seas, surrounded by countless navigational tools, each offering conflicting directions. This metaphor vividly captures the reality faced by many traders in today's frenetic market landscape, where information overload can easily drown out clarity and sound judgment. The incessant barrage of real-time news, technical charts, and market statistics creates a chaotic environment that can overwhelm even the most seasoned professionals. Moreover, in a society dominated by social media, we find ourselves perpetually distracted, disconnected from our goals, and conflicted in our decision-making. Each day, our smartphones inundate us with notifications that contribute to the noise of daily life, making it increasingly difficult to remain focused on our plans and decisions. The Challenge of Information Overload in Trading In the trading realm, information overload is a relentless opponent. It refers to a condition in which an excessive amount of data obscures judgment and hampers effective decision-making. The stakes are high, with fastest-moving markets generating streams of news, charts, algorithmic signals, and social media updates, all competing for our attention. Rather than fostering clarity, this avalanche of data can paralyze traders, leading them to either over-analyze situations or act impulsively. Understanding information overload's implications and developing strategies to combat it is vital for anyone seeking to optimize their trading performance. The ability to filter through the chaos and focus on actionable insights can set one up for success in volatile markets. The Psychological Toll of Information Overload The psychological burden of information overload can deeply affect traders, producing an array of negative emotional responses such as stress, fatigue, and anxiety. 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Poor Trading Decisions Fueled by Information Overload The impact of information overload on trading decisions can lead to costly mistakes. When inundated with signals from charts, news feeds, and market alerts, traders risk overtrading, misinterpreting trends, and hesitating on vital opportunities. Overtrading often occurs when traders react to minor price fluctuations or conflicting indicators without a clear strategy. This can result in excessive transaction costs and diminished returns. Conversely, misinterpretation of trends can happen when traders focus on irrelevant metrics, leading them to ignore critical data points that influence market movements. Research indicates that traders exposed to data overload miss trading opportunities 30% more frequently. To combat these pitfalls, traders must streamline their processes and focus on high-value information, enhancing their readiness to make informed, timely decisions. Strategies to Manage Information Overload in Trading Effectively managing information overload is crucial for traders seeking sound decision-making and profitability. Here are several strategies designed to curb data noise and allow traders to concentrate on actionable insights: 1. Narrow Your Data Sources Identify and focus on a few essential data sources that directly impact your strategy. Instead of attempting to absorb every market update, prioritize key indicators that are relevant to your trades, such as: - Economic calendars and central bank announcements for forex traders. - Earnings reports and sector-specific news for stock traders. By narrowing your focus, you can minimize distractions and optimize your analysis. 2. Utilize Automation and Filters Automation tools are invaluable for simplifying the trading process. Alerts, AI-driven analyses, and algorithmic scanners can filter out extraneous information, ensuring you only see insights pertinent to your strategy. Automation allows you to allocate mental resources to the analysis that matters most. 3. Leverage Trading Dashboards Customizable trading dashboards consolidate vital data points—charts, news updates, and metrics—into a single interface. This significantly enhances efficiency and reduces the need to switch between screens, allowing traders to hone in on the information that truly matters. 4. Employ News Aggregators Tools like Bloomberg and Reuters can help traders prioritize high-impact news updates by curating content that aligns with their focus. The result is a streamlined approach to news that presents only relevant information, reducing confusion during trading hours. 5. Use Economic Calendars Economic calendars track significant market-moving events, enabling traders to prepare for volatility. By filtering events based on their relevance, such as high-impact announcements for specific currency pairs, traders can better anticipate market shifts without unnecessary distractions. 6. Implement Sentiment Analysis Tools Market sentiment can provide critical context for trading decisions. Tools that analyze sentiment from various sources can help traders gauge market mood, guiding decisions during turbulent periods. Balancing Data and Intuition in Trading While data-driven analysis is fundamental to trading success, intuition—gained through experience—also plays a crucial role. Finding the right balance between data and gut instinct can lead to more effective decision-making. Data serves as a reliable starting point, offering insights into patterns and trends. However, an overemphasis on data can create paralysis, particularly in uncertain situations. Developing a nuanced understanding of market behavior through experience can complement data-driven analysis, allowing traders to make informed decisions during times of volatility. How to Achieve Balance - Use data to identify trade opportunities but trust your intuition regarding the level of investment. - When faced with conflicting indicators, lean on experience to interpret market sentiment rather than relying solely on algorithms. This harmonious relationship between data and intuition not only improves decision-making but also helps build the confidence necessary to navigate complex markets. Read also: https://www.tradingview.com/chart/XAGUSD/M9nHfico-The-Psychology-Of-Trading-How-To-Manage-Your-Emotions/ And... https://www.tradingview.com/chart/USDOLLAR/LURW3q1G-The-Benefits-of-Keeping-a-Trading-Journal-for-Your-Psychology/ Conclusion In an era characterized by rampant information overload, particularly in trading, maintaining focus is more critical than ever. Our connected world, fueled by notifications and social media distractions, mirrors the chaotic nature of trading—demanding that we cut through the noise to concentrate on what matters most. By implementing targeted strategies to filter extraneous information and honing the balance between data and intuition, traders can enhance their decision-making processes. Ultimately, success in trading requires both clarity and discipline—two critical components that allow traders to thrive amidst the tumultuous tides of the market. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. https://www.tradingview.com/x/CN49jz36/ Here is the Bitcoin 30-minute chart. The Nasdaq indicator will be released at 10:30. (Non-farm index) Since it is a sideways section and there are so many variables in the Nasdaq, I proceeded as safely as possible. Also, the sideways section is difficult and complicated to explain, but today, the participation rate was good, so I proceeded simply and mildly. *Red finger movement path Long position strategy (final short) 1. 96,727 dollars long position entry section / cut-off price when the green support line is broken 2. 100,445.5 dollars long position 1st target -> Top 2nd target until the weekend After reaching the top section, switch to a short position Check the live support line and price range The first section at the top is a sideways market From the first section breakout, an upward trend can be connected. If you don't touch the first section and come down right away, the second section becomes the final long position, and the MACD dead cross imprint on the weekly chart during the weekend is the main key point. Even if it breaks through the top section and continues to rise, the dead cross may continue to press down next week, so it could be a headache. If you look at the bottom, from the current position to the sky blue support line of $98,912.5 (safe zone) and maintain it without breaking away from the bright sky blue of $92,796 at the bottom (danger zone), it would be good. You may have been surprised by the sudden decline last week due to Nasdaq and Trump, but as I explained last time, since the movement is within the expected range, it seems that the direction will be revealed to some extent after this week. I ask that you simply refer to and use my analysis so far, and I hope that you operate safely with principle trading and stop loss prices. You worked hard this week too. Thank you.
The AUDUSD pair gave us an excellent sell signal on our September 18 2024 bearish call (see chart below), which went straight to the 0.63750 Target within the time-frame we expected: https://www.tradingview.com/chart/AUDUSD/IiAlEIrn-AUDUSD-Any-post-Fed-spike-will-be-a-great-sell-opportunity/ This time we are looking at a potential Support rebound as the price appears to have made a bottom on the 2-year Channel Down Lower Lows trend-line. Based on the upcoming 1W MACD Bullish Cross and the 1D RSI symmetrical positioning, we might be starting a rally similar to October 31 2023 during the last Lower Low. This rose by +3.82% before pulling back to the 1D MA50 (blue trend-line) again, so our short-term Target is 0.63500. Beyond that, we need to observe whether the 1D MA200 (orange trend-line holds or not, in order to engage in buying break-outs. ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?