DAILY CHART PROJECTION ENTRY LEVEL, STOP LOSS LEVEL AND TAKE PROFIT LEVEL BASED UPON SWING SUPPORT/RESISTANCE AND TREND…
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FOLLOWUP TO TRADING WITH FEAR AND GREED PART 4 – TARGETS
FOREX ANALYSIS
BLOGPOST #10 JUNE 16 2021 @12:00 pm THE GEOMETRY OF SUPPORT & RESISTANCE
THIS POST IS AN INTRODUCTION TO WHAT WE WILL BE TALKING ABOUT NEXT. WE’VE TALKED ABOUT PRICE AND VOLUME SUPPORT & RESISTANCE , SUPPLY AND DEMAND WHICH ARE MARKET CYCLES.
WE’VE TALKED ABOUT THE MAN ON THE CHART WHICH RELATES TO MARKET BALANCE.
OUR THIRD COMPONENT OF NATURAL LAW IS GEOMETRY WHICH CAN BE EXPRESSED AS TREND LINES. GEOMETRY OR SHAPE/FORM IS A FORCE AND AS SUCH, CAN BE APPLIED ON A PRICE CHART AS SUPPORT AND RESISTANCE. THE BITCOIN CHART BELOW IS AN EXAMPLE.
TRENDLINES JUNE 16 2021 @ 12 00 PM BITCOIN
click chart to enlarge
It is important to understand multiple forms of analysis in the language of charts. Each form of analysis is like a separate nation/state that has it’s own language and yet, each language is connected by a parent language that they all spring from. As I teach from the standpoint of universal laws of nature, the context that I illustrate these principles from are, 1. Cycles 2. Balance 3. Geometry
1.CYCLES – Markets move in cycles/waves of high’s and low’s in price = SWINGS
2.BALANCE – The man on the chart shows the balance and imbalance which is the cycle of all motion = CHART MAN
3.GEOMETRY – Support and resistance is related to the shape of an object. It is the shape of a 10 pound wicker chair that allows it to support the weight of / resist the fall of a 300 pound man = TREND LINES
BLOGPOST #9 BITCOIN DAILY CHART WITH INTRADAY DROPDOWN ANALYSIS
00:00 DAILY CHART PROJECTION TUE JUNE 15 2021 VOLUME SUPPORT/RESISTANCE
2:05 4HR DROPDOWN CHART PROJECTION TUE JUNE 15 2021 VOLUME SUPPORT/RESISTANCE
8:20 14HR DROPDOWN CHART PROJECTION TUE JUNE 15 2021 VOLUME SUPPORT/RESISTANCE
BITCOIN DROPDOWN PROJECTIONS – daily, 4hr, & 1hr
BLOGPOST #8 BITCOIN MULTI TIME FRAME PROJECTIONS
DAILY: @ 00:00 ON THE DAILY CHART YOU WILL LEARN THE DIFFERENCE BETWEEN PRICE SUPPORT/RESISTANCE VS VOLUME SUPPORT/RESISTANCE…HOWEVER…Price highs and lows are logically projected support/resistance…volume/order flow is ACTUAL support/resistance…AKA…SUPPLY & DEMAND
WEEKLY: @ 13:45 ON THE WEEKLY CHART WE WILL USE PRICE SUPPORT & RESISTANCE AND TALK ABOUT THE BULLISH HARAMI SIGNAL & STRONG PRICE BAR VS WEAK PRICE BAR…
making a correction where I speak about volume delta. I say the sellers need to sell to fuel a price rise… ( I should have said, “sellers need to buy back to close to fuel an up move )
MONTHLY: @ 21:10 ON THE MONTHLY CHART I TALK ABOUT PRICE SUPPORT RESISTANCE…BEARISH HARAMI SIGNALS…TREND…A MOVING AVERAGES, AND ESTABLISHING THE TRADING RANGE
BITCOIN MULTI TIME FRAME SUNDAY JUNE 13 2021
blogpost #7 BITCOIN BUY TARGET HIT JUNE 10 2021
In yesterday’s video I told you to short term buy Bitcoin. I gave you the exit profit target as well as the reasons why. The target was hit today and you should be closed out of any long trades…
BLOGPOST #6 BITCOIN BUY SIGNAL WED JUNE 9 2021 @6 06 PM
(BLOGPOST #5 ) WHY IT’S TIME TO BUY BITCOIN – FOLLOWUP #4 – SHORT TERM BIAS SWITCHED TO DOWN
(BLOGPOST #4 ) why it’s time to buy bitcoin – followup #3 – no volume no buy trigger…
(BLOGPOST #3 ) why it’s time to buy bitcoin – followup #2
In this video you will see how I break down my analysis to see why I said it was time to buy bitcoin in my May 23 2021 blog post. At the end of the video you will see that no entry has been signaled yet but why Bitcoin is setup for a buy entry. We need to see a buy signal as explained in the earlier blog post.
Often traders know when to enter but don’t know when to exit so I feel compelled to say this once again. If you buy long to take profit at the next overhead resistance level and take a stop loss exit if price falls below the next support level below…
Cheers and One Love, Jerry