Just pattern analysis - I haven't included any macro-economic factors into analysis
GHSTUSDT | Mapping Out Possibilities | Mid Term (1D) As part of my profit taking strategy, I like to go through and map out potential levels of interest based on semi-bullish to very bullish mock up price action using fractals and fibs. Based on concept of money flow... BTC, then ETH, then Large Caps, Then Mids and Smalls, I am personally heavier skewed loaded up on mid to small cap coins with bullish chart setups and high profit potentials. Additional altcoin near term and midterm chart ideas listed below. DOGSUSDT | Mapping Out Possibilities | Near Term (4HR) https://www.tradingview.com/chart/DOGSUSDT/m0DaiBB0-DOGSUSDT-Mapping-Out-Possibilities-Near-Term-4HR/ DEGENUSDT | Mapping Out Possibilities | Mid Term (1D) https://www.tradingview.com/chart/DEGENUSDT/rC0zQfHp-DEGENUSDT-Mapping-Out-Possibilities-Mid-Term-1D/ MANEKIUSDT | Mapping Out Possibilities | Mid Term (1D) https://www.tradingview.com/chart/MANEKIUSDT/QIXhxXvu-MANEKIUSDT-Mapping-Out-Possibilities-Mid-Term-1D/ CSPRUSDT | Mapping Out Possibilities | Mid Term (1D) https://www.tradingview.com/chart/CSPRUSDT/G9IPBjJQ-CSPRUSDT-Mapping-Out-Possibilities-Mid-Term-1D/ WLDUSDT | Mapping Out Possibilities | Mid Term (1D) https://www.tradingview.com/chart/WLDUSDT/HTO5iLPy-WLDUSDT-Mapping-Out-Possibilities-Mid-Term-1D/ GODSUSDT | Mapping Out Possibilities | Mid Term (1D) https://www.tradingview.com/chart/GODSUSDT/KgtAxy1q-GODSUSDT-Mapping-Out-Possibilities-Mid-Term-1D/ AXSUSDT | Mapping Out Possibilities | Mid Term (1D) https://www.tradingview.com/chart/AXSUSDT/J710MPqb-AXSUSDT-Mapping-Out-Possibilities-Mid-Term-1D/ CHZUSDT | Mapping Out Possibilities | Mid Term (1D) https://www.tradingview.com/chart/CHZUSDT/3LpUYox3-CHZUSDT-Mapping-Out-Possibilities-Mid-Term-1D/ OGNUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/OGNUSDT/3XnpYuF0-OGNUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ XCHUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/XCHUSDT/w0Xqm1zs-XCHUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ VRAUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/VRAUSDT/kLlD7A2I-VRAUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ CSPRUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/CSPRUSDT/1tZ4u6lX-CSPRUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ PERPUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/PERPUSDT/MnUtVYPu-PERPUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ TLMUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/TLMUSDT/kH7gRlUG-TLMUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ DODOUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/DODOUSDT/176xoGTR-DODOUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ LPTUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/LPTUSDT/YcR0dMas-LPTUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ VRAUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/VRAUSDT/qPHwAmy3-VRAUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ XCHUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/XCHUSDT/HIU6zph4-XCHUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ CSPRUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/CSPRUSDT/S7fIfKqw-CSPRUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ VELOUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/VELOUSDT/v774wvwT-VELOUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ UMAUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/UMAUSDT/d1F6VPhJ-UMAUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ OGNUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/OGNUSDT/aoUo9FLd-OGNUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ DOTUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/DOTUSDT/8B7UJ7iD-DOTUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ VIDTUSDT | Buy Now, Thank Later | Near Term (4HR) https://www.tradingview.com/chart/VIDTUSDT/qOI466Ue-VIDTUSDT-Buy-Now-Thank-Later-Near-Term-4HR/ BTCUSDT | Alts Poised to Explode | Near Term (2H) https://www.tradingview.com/chart/BTCUSDT/o78nV7k4-BTCUSDT-Alts-Poised-to-Explode-Near-Term-2H/ Mock Up Price Action for ALGOUSDT | Mid Term (12HR) https://www.tradingview.com/chart/ALGOUSDT/NqlKoBVb-Mock-Up-Price-Action-for-ALGOUSDT-Mid-Term-12HR/ MYRIAUSDT | Interested to see where this goes | Mid Term (2D) https://www.tradingview.com/chart/MYRIAUSDT/7ApZMhxO-MYRIAUSDT-Interested-to-see-where-this-goes-Mid-Term-2D/ Mock Up Price Action for VRA w/ Timeline | Mid Term (3D) https://www.tradingview.com/chart/VRAUSDT/YFKbFScb-Mock-Up-Price-Action-for-VRA-w-Timeline-Mid-Term-3D/ Mock Up Price Action for XCH | Mid Term (12HR) https://www.tradingview.com/chart/XCHUSDT/jp47Pz0i-Mock-Up-Price-Action-for-XCH-Mid-Term-12HR/ OGNUSDT | Interested to see where this goes | Mid Term (3D) https://www.tradingview.com/chart/OGNUSDT/IyBAlEq7-OGNUSDT-Interested-to-see-where-this-goes-Mid-Term-3D/ Mock Up Price Action for CSPRUSDT | Near/Mid Term (2D) https://www.tradingview.com/chart/CSPRUSDT/PM4QhEj6-Mock-Up-Price-Action-for-CSPRUSDT-Near-Mid-Term-2D/ VIDTUSDT | Interested to see where this goes | Mid Term (3D) https://www.tradingview.com/chart/VIDTUSDT/uLlsbHuV-VIDTUSDT-Interested-to-see-where-this-goes-Mid-Term-3D/ RAREUSDT | Interested to see where this goes | Mid Term (3D) https://www.tradingview.com/chart/RAREUSDT/zN7Pi3C7-RAREUSDT-Interested-to-see-where-this-goes-Mid-Term-3D/
The forex market, recognized as the largest financial market globally, operates around the clock, enabling traders to engage in currency exchange with a staggering daily trading volume exceeding $6 trillion. While the opportunities for profit are immense, the market's complexities can overwhelm many novice traders, leading to significant losses. This article highlights how meditation can serve as a crucial tool for traders looking to cultivate a more disciplined and resilient approach to trading. Understanding the Challenges in Forex Trading Many traders enter the forex market with the hope of quick gains but soon discover the numerous pitfalls that can hinder their success. Common challenges include: 1. Lack of Education and Understanding: Many are drawn to forex without grasping essential concepts, resulting in costly mistakes. A solid foundation in fundamental and technical analysis is critical for navigating the market successfully. 2. Poor Risk Management: Effective risk management is key to preserving capital. Traders often expose themselves to excessive risk through overleveraging, neglecting stop-loss orders, or focusing on a single currency pair. 3. Emotional Trading: Emotional responses like fear, greed, and impatience can cloud judgment, leading to impulsive decisions that stray from well-considered trading plans. 4. Lack of Trading Discipline: Success in forex requires adherence to a structured strategy, yet many traders falter by chasing losses or overtrading. 5. Unrealistic Expectations: The allure of immediate profits can create unrealistic expectations, causing frustration when outcomes do not meet anticipations. Read also: https://www.tradingview.com/chart/EURUSD/vdI5bh4q-FOMO-The-Trader-s-Silent-Enemy-and-How-to-Defeat-It/ The Beneficial Role of Meditation Amidst these challenges, meditation emerges as a valuable practice for traders looking to enhance their mental fortitude and emotional resilience. Here's how it can help: 1. Enhanced Focus and Clarity: Meditation practices, such as mindfulness, enable traders to cultivate a state of heightened awareness. This clarity allows them to analyze market conditions objectively, helping to reduce impulsive trading driven by emotional responses. 2. Improved Emotional Regulation: Regular meditation can provide traders with tools to manage anxiety, fear, and impatience. By fostering a sense of calm, traders can approach the market with a balanced mindset, making decisions rooted in strategy rather than emotion. 3. Cultivation of Patience and Discipline: Meditation teaches the value of patience and self-discipline. By engaging in focused breathing or guided mindfulness exercises, traders can reinforce their commitment to adhering to their trading plans and strategies, even in volatile market conditions. 4. Stress Reduction: The forex market can be a high-pressure environment. Meditation acts as an antidote to stress, helping traders maintain composure and clarity when facing market fluctuations. 5. Increased Self-Awareness: Meditation fosters introspection, enabling traders to reflect on their behaviors and decisions. This self-awareness can highlight patterns of emotional trading and reinforce the importance of following their trading discipline. Read also: https://www.tradingview.com/chart/XAUUSD/FlrxODOC-Trader-s-Checklist-for-Successful-Trading/ Implementing Meditation into Daily Trading Routines To effectively incorporate meditation into a trading routine, consider the following steps: 1. Set Aside Regular Time for Meditation: Allocate a specific time each day, perhaps before trading, to engage in meditation. Even just 10-15 minutes can provide a significant benefit. 2. Find a Comfortable Space: Choose a quiet and comfortable environment free from distractions. This can be anywhere in your home or even a serene outdoor space if possible. 3. Explore Various Techniques: Experiment with different forms of meditation, such as guided meditations, breathing exercises, or mindfulness practices, to find what resonates best with you. 4. Practice Deep Breathing: In moments of stress or anxiety while trading, take a moment to pause and practice deep breathing. This can ground your thoughts and help you regain focus. 5. Reflect on Your Trading Journal: After your meditation session, consider reflecting on your trading experiences and decisions. Journaling can complement your meditation practice by helping you process your thoughts and emotions. Read Also: https://www.tradingview.com/chart/BTCUSD/O2tWWklj-Trade-Mindfully-How-Meditation-Can-Help-You-Thrive-in-the-Market/ Conclusion The forex market presents unique challenges that can lead to losses for many traders. However, by integrating meditation into their routines, traders can enhance their mental resilience, emotional control, and overall trading performance. Emphasizing education, risk management, and disciplined strategies is essential, but these efforts can be significantly bolstered through the practice of meditation. By fostering a calm and focused mindset, traders can navigate the complexities of the forex market with greater confidence and increased chances of success.
#babydoge has a liq at its rising candle so the market is bearish too and it can drop to the liq zone and then rise !
UJ looks good in the forex space. Inside candle close with Nov's monthly candle. Last week was expansive, taking out 3 previous weeks' lows. With that in mind, I can see some need to retrace higher back into Nov's monthly candle before attacking 50% of the CRT range. If overall bullish then buy opportunities rest there. If overall bearish the CRT range Low and eventually the swing low could be on the menu. NFP week so watching price action for the week with anticipation for Thurs/Fri.
The BET index is currently showing signs of an overextended sell-off, with a significant sell area identified between 17,780 and the recent low at 16,100. Given the steep decline, the index is likely to experience a strong corrective rally, offering a potential buying opportunity in the near future. The safest entry zone for buying is expected to be between 15,700 and 16,000, where support is anticipated to hold and trigger a reversal. Traders looking to enter this position should place a stop loss at 15,300 to manage downside risk effectively. If the index begins to recover, the take-profit target is set around 17,400, providing an attractive upside potential as the market corrects from its oversold levels. This setup offers a solid risk-to-reward ratio, with the expectation of a strong upward correction following the recent sell-off, making it an ideal opportunity for traders seeking to capitalize on a rebound in the BET index.
EURUSD has been forming an inverse head and shoulders since November 14. However, it’s too early to assume prices will head higher, especially given the fundamentals, which all favor the downside. Coupled with yesterday’s slide, this suggests prices could move lower as long as they remain below 1.0550. The next support levels are 1.0465, followed by 1.0425. What’s your take on EURUSD? Share your ideas below. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
SUNDARMHLD 330 is buy good level Is good BTST Good Weekly Breakout level Study and buy only for Education purpose
Gold Technical Analysis The price recently tested resistance at 2651 before retreating. Today, the price is expected to consolidate within the range of 2647 to 2638, showing bearish momentum. For the bullish trend to resume, the price must stabilize above 2647 by closing 4h candle above it, targeting 2661 as the next resistance. Conversely, as long as the price trades below 2647 and 2638, the trend is likely to remain bearish, with potential declines toward 2623 and 2612. Key Levels: Pivot Point: 2647 Resistance Levels: 2661, 2678, 2706 Support Levels: 2625, 2612, 2585 Trend Outlook Uptrend: Bullish momentum is expected if the price holds above 2649. Bearish Momentum: Dominant as long as the price remains below 2647.
3 positive chart patterns for a coin that is part of the Base (Coinbase) ecosystem. A double bottom is a W and a W is always a winner.