ANNUAL FORECAST FOR GBPJPY (2022)


GBPJPY Annual Forecast – Bulls Have the Bias in a Ranging Market
The annual forecast for GBPJPY points to a bias in the bulls’ favor. The market has been in a ranging pattern as bulls and bears tussle for preeminence. Despite the bears’ being more aggressive, bulls are favored to gain preeminence. This is chiefly due to a very strong support level, which is at 132.980 and extends to 128.620. Currently, the price has risen from the support level to test the 157.000 resistance level, intending to break through it.


GBPJPY Significant Levels
Resistance Levels: 157.000, 174.770, 193.610
Support Levels: 149.260, 132.980, 128.620

Annual Forecast for GBPJPY (2022)GBPJPY Long Term Plan: Bullish
Sellers effected a correction to the bullish rise that happened from mid-2012 to mid-2015. The market got rejected at 193.610 and it took about a year to fall back to the 132.980 strong support zone. A bullish bounce occurred after that, but a limit was placed on the market at 157.000. This helped the seller to keep pounding against the strong support unsuccessfully. The bulls have stepped back to lift the market to 157.000.

The market rose from the support level in November 2020 and violated the 144.110 middle-range line. By May 2021, the price had touched below the 157.000 resistance and was rejected. Price, however, keeps recovering from the 149.260 level to retest the resistance. This continues into the year 2022. The RSI (Relative Strength Index) influences the annual forecast in the bulls’ favor as it has remained above the mid-level since 2020.

Annual Forecast for GBPJPY (2022)GBPJPY Medium Term Plan: Ranging
On the weekly chart, the market is essentially in equilibrium, as shown by the EFI (Elders Force Index) power line, which is almost parallel with the zero line. The RSI indicator still predisposes the market in the bulls’ favor as its line remains in the bulls’ half. The market is set to drop to 149.260 again to continue ranging, but the forecast is that GBPJPY will eventually break upward towards 167.830.


Source: https://learn2.trade

ANNUAL FORECAST FOR EURJPY (2022)

EURJPY Annual Forecast – Price Is Set to Scale New Heights With a Bullish Flag Formation
The annual forecast for EURJPY is for it to scale new heights, having conformed to a bullish flag formation. The bullish flag formation, an offshoot of the triangle pattern, began towards the tail end of 2020 as bulls began to exercise dominance in the market. The market began to recover from the 116.910 support level in May 2020. It pulled back when it first hit the upper border of its triangle pattern and surged through it at the second time of asking, thereby leading to the creation of the flag pattern.


EURJPYJPY Significant Zones
Supply Zones: 134.150, 140.650, 149.010
Demand Zones: 113.920, 116.910, 127.630

Annual Forecast for EURJPY (2022)EURJPY Long Term Plan: Bullish
A bearish impact is visible annually in the market, notably since 2013. Every time EURJPY makes a bullish move, the move is cut off prematurely and it always leads to a plunge back around the 113.920 demand level. This happened from 2013 to 2016, and then from 2017 to 2020. The result is a triangle-tapered market structure. By June 2020, the price hit the 116.910 demand level and began another ascent, but this time, it eventually broke the triangle pattern on 2021 New Year’s Day.

The flag pole was formed as the price surged from 120.920 and was stopped abruptly at 134.150. Subsequently, EURJPY began cranking through a downward channel. This continued into the year 2022. The market forecast is for an upward liquidity flow. The upward signal of the MA Cross is still very valid. Meanwhile, the Moving Average Convergence Divergence indicator is showing dwindling bullish bars. This is due to the downward ranging in the market. Its signal lines remain above the zero level.

Annual Forecast for EURJPY (2022)EURJPY Medium Term Plan: Bearish
In early 2022, prices are set to drop after hitting the upper border of the ranging channel. The MA Cross is directed down-sideways to show the undulating nature of the current market. The same can be said for the MACD indicator.
The annual forecast is towards the end of the year 2022 into early 2023 when the bullish flag pattern is anticipated to drive the market upward towards 140.650.

Source: https://learn2.trade

USOIL REACHES AN OVERBOUGHT REGION, MAY FACE REJECTION AT $85.39


Key Resistance Levels: $80.00, $84.00, $88.00
Key Support Levels: $66.00,$62.200,$58.00

USOIL (WTI) Long-term Trend: Bullish
USOIL has been in an uptrend but it may face rejection at $85.39. The index is retesting the previous high of $85.39. In previous price action in October and November, the bulls failed to break above the overhead resistance. Meanwhile, on December 9 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that WTI will rise to level 2.0 Fibonacci extension or $81.61. From the price action, buyers have broken above the Fibonacci extension and have reached a high of $84.


USOIL – Daily Chart
Daily Chart Indicators Reading:
USOIL is at level 70 of the Relative Strength Index period 14. It indicates that the index is in the overbought region of the market. The current uptrend is likely to face rejection at the recent high. Besides, sellers will emerge to push prices down. The index price is above the 21-day SMA and 50 –day SMA which indicates a further upward move.

USOIL (WTI) Medium-term bias: Bullish
On the 4-hour chart, the index is in an uptrend. WTI price has broken above the resistance at level 83.00. Meanwhile, on December 12 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that WTI will rise but reverse at level 1.278 Fibonacci extension or $84.22.

USOIL Reaches an Overbought Region, May Face Rejection at $85.39

4-hour Chart Indicators Reading
The index is above the 80% range of the daily stochastic. The market has reached the overbought region. Sellers are likely to emerge to push prices down. The 21-day and 50-day SMAs are sloping upward indicating the uptrend. The uptrend will continue to the upside as long as price bars are above the moving averages.

General Outlook for USOIL (WTI)
USDOL has reached the overbought region of the market but may face rejection at $85.39. The current uptrend is likely to terminate at the previous price level of the market. WTI is trading at $84.39 at press time.

Source: https://learn2.trade

SOLANA REACHES OVERSOLD REGION AS THE ALTCOIN MAKES DEEPER CORRECTION

Solana has fallen to the low of $87
SOL/USD has reached the oversold region

Solana (SOL) Current Statistics
The current price: $90.94
Market Capitalization: $46,528,296,188
Trading Volume: $4,555,783,625
Major supply zones: $280, $300, $320
Major demand zones: $160, $140, $120

Solana (SOL) Price Analysis January 24, 2022
Solana’s (SOL) price has fallen significantly to the low of $87 as the altcoin makes deeper correction. The crypto’s price corrected upward but faces resistance at $104. If the crypto is facing resistance at $104, it implies that the selling pressure will resume to the downside. Presently, the altcoin is fluctuating between $80 and $104 price levels. The crypto will resume trending when the range-bound levels are breached. For instance, if the bears break below the $80, the market will decline to $68 low.

Solana Reaches Oversold Region as the Altcoin Makes Deeper Correction

Solana (SOL) Technical Indicators Reading
Solana is at level 23 of the Relative Strength Index for period 14. The cryptocurrency is seriously in the oversold region. This is an indication that the current downtrend has reached bearish exhaustion. SOL/USD is below the 20% range of the daily stochastic. It indicates that the market has reached the oversold region of the market. Since December 29, the altcoin has been trading in the oversold region of the market. The 21-day SMA and 50-day SMA are sloping downward indicating the downtrend.

Conclusion
Solana is in a downward move as the altcoin makes deeper correction.. The current price action and Fibonacci tool analysis are closely related. The cryptocurrency has reached the oversold region and there is a possibility of price reversal. Meanwhile, on December 14 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Solana will fall to level 1.618 Fibonacci extensions or $79.34.

Solana Reaches Oversold Region as the Altcoin Makes Deeper Correction
SOL/USD – Daily Chart


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CARDANO PRICE EXPOSES TO $0.98 SUPPORT LEVEL


When the sellers increase their momentum to push down price below $0.98, the support level of $0.83 and $0.73 may be tested. In case the Support level of $0.98 holds, the buyers may push up the price towards $1.11, $1.30 and $1.46 levels.

ADA/USD Market

Key Levels:

Resistance levels: $1.11, $1.30, $1.46

Support levels: $0.98, $0.83, $0.73

ADA/USD Long-term Trend: Bearish

Cardano is bearish on daily chart. Buyers and sellers are struggling over the crypto. The sellers are trying to overpower the buyers. Former support level of $1.30 and $1.11 has been penetrated downside by the sellers and the price exposes to $0.98 support level. There is tendency for the price to decline further if the sellers maintain their pressure.


ADAUSD Daily chart, January 25
Cardano has crossed the two EMAs downside, currently trading below the 9 periods EMA and 21 periods EMA at distance which indicate a bearish movement. When the sellers increase their momentum to push down price below $0.98, the support level of $0.83 and $0.73 may be tested. In case the Support level of $0.98 holds, the buyers may push up the price towards $1.11, $1.30 and $1.46 levels. The relative Strength Index period 14 is at 40 levels with the signal line pointing downside which indicates sell signal.

ADA/USD Medium-term Trend: Bearish

Cardano is on the bearish movement on 4-hour chart. The bullish movement could not continue when the buyers pushed up Cardano to test the resistance level at $1.64. The bears reacted against the price increase with the formation of bearish engulfing candle. The price started decreasing and the support level of $1.30 is broken downside. Further price decrease envisaged as the price is below the two dynamic resistance levels.


ADAUSD 4-hour chart, January 25
The price is trading below the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 40 levels and the signal line pointing down to indicate sell signal.

Source: https://learn2.trade

LUCKY BLOCK MARKET FORECAST: LBLOCK/USD IS SET FOR AN UPWARD BREAKOUT


Lucky Block Market Forecast – February 3
The Lucky Block market forecast points towards a breakout to the upside after the market conforms to a triangle pattern.


LBLOCK/USD Long-term Trend: Bullish (Daily Chart)

Key Levels:
Resistance Levels: $0.0011500, $0.001370
Support Levels: $0.0009490, $0.0007300
Lucky Block Market Forecast: LBLOCK/USD Is Set for an Upward BreakoutLBLOCK/USD bulls are leveraging on a strong and significant price level to halt the activity of the bears. Furthermore, the price is expected to rise further in favor of buyers as it follows a symmetrical triangle pattern. Hence, the market can be seen making consistent lower highs and higher lows as it tapers through the triangle pattern. From yesterday into today, the market has become quiet as it waits for market forces to push it in an upward direction.


Lucky Block Price Prediction: LBlock Market Anticipation
The market has been in decline since hitting a strong resistance level at $0.001970. The price is seen gyrating downward above the downtrend line. The fall in the price of Lucky Block is an opportunity for buyers as they set themselves up in an array to gazump the market at a lower price.

The $0.0009490 key level is the reversal point at which the bulls chose to enter the market. Bears were unrelenting nevertheless, and they dragged the market below the strong support level. However, the price is now recoiling into a triangle pattern as it prepares for a push-up.

LBLOCK has climbed back above the strong support at $0.0009490 as it tapers through the symmetrical triangle. The Parabolic SAR (Stop and Reverse) already infers a change of direction upwards with multiple dots below the daily candles. The Stochastic, meanwhile, has risen to midlevel, from where it has crossed upward to the overbought region. A slight pullback may precede a market breakout.


LBLOCK/USD Medium-Term Trend: Bearish (5-minute chart)
The 5-minute chart helps us see the silence in the market as bulls get ready to swoop into the market. LBLOCK/USD is currently ranging between $0.001150 as resistance and $0.0009490 as support, and the price is set to take a definite direction.
Lucky Block Market Forecast: LBLOCK/USD Is Set for an Upward BreakoutLike the daily chart, the Parabolic SAR has multiple dots below the 5-minute candles to signal a switch in an upward direction. The Stochastic on the 5-minute chart is currently hovering around the overbought region. The price is likely to touch down at $0.0009490 before breaking out upward towards $0.001370.

Source: https://learn2.trade/lucky-block-market-forecast-lblock-usd-is-set-for-an-upward-breakout

SILVER (XAGUSD) PRICE: BULLISH REVERSAL AT $22 LEVEL, TARGETING $23 RESISTANCE LEVEL


SILVER Price Analysis – February 10

The price may increase to the resistance level of $23 and if it does not hold, it may incline to $24 and $25 levels. When the bears interrupt the bulls, price may decrease towards the support level of $22, $21 and $19.

XAGUSD Market

Key Levels:

Resistance levels: $23, $24, $25

Support levels: $22, $21, $19

XAGUSD Long-term trend: Bullish

On the daily chart, XAGUSD (Silver) is bullish. There is a formation of double bottom chart pattern at $22 support level. This is a bullish chart pattern which indicate that bulls are increasing their momentum in the Uniswap market. The price is increasing towards the resistance level of $23 at the moment. That means the buyers are in control of the Silver market, further increase envisaged.



There is an increase in bullish momentum as the Silver price is trading above the 9 periods EMA and the 21 periods EMA. The relative strength index period 14 is above 50 levels with the signal lines pointing up displaying bullish direction. The price may increase to the resistance level of $23 and if it does not hold, it may incline to $24 and $25 levels. When the bears interrupt the bulls, price may decrease towards the support level of $22, $21 and $19.

XAGUSD Medium-term Trend: Bullish

XAGUSD is bullish on the daily chart. The price was bearish last week as the price action was under the formation of “W” chart pattern. The bulls have gained more momentum and the price is increasing accordingly. The price is heading towards the resistance level of $23 at the moment.


The Silver price is trading above the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is above 60 levels with the signal lines pointing up to indicate buy signal.

Source: https://learn2.trade

ETHEREUM REACHES AN OVERBOUGHT REGION, FACES REJECTION TWICE AT $2,700 HIGH


Ethereum makes an upward correction to the high of $2,756
ETH/USD reaches an overbought region of the market

Ethereum ETH) Current Statistics
The current price: $2,647.01
Market Capitalization: $316,852,179,584
Trading Volume: $13,281,411,345
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis February23, 2022
Ethereum’s (ETH) price is now in a downtrend as it faces rejection twice at $2,700 high. Ether price fell to the low of $2,563 as bulls bought the dips. The largest altcoin is making an upward correction but it is facing resistance at the $2,756 high. If Ether turns from the recent high and breaks below the $2,500 support, the altcoin will decline to the previous low at $2,300 support. Since January 22, ETH/USD has been consolidating above the $2,300 support.

Ethereum Reaches an Overbought Region, Faces Rejection Twice at $2,700 High
ETH/USD – Daily Chart
ETH Technical Indicators Reading
Ether is at level 43 of the Relative Strength Index for period 14. The market has fallen to the downtrend zone and below the centerline 50. This implies that the altcoin is capable of a further downward move. Ether’s price bars are below the moving averages which give the impression of a further downward move. Ether is above the 80% range of the daily stochastic. The market is in the overbought region. As Ether faces rejection, the altcoin may likely decline.

Conclusion
On the 4-hour chart, the altcoin is in an upward move but faces rejection twice at $2,700 high. The uptrend reached an overbought region of the market. Meanwhile, on February 20 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. the Retracement indicates that Ether will fall to level 1.272 Fibonacci extension or $2,400.42.

Ethereum Reaches an Overbought Region, Faces Rejection Twice at $2,700 High
ETH/USD – 4 Hour Chart

Source: https://learn2.trade

BITCOIN SLUMPS BELOW $35,000 AMID WORSENING GLOBAL GEOPOLITICAL TENSIONS

Bitcoin (BTC) suffered another wave of sell-off in the Asian session on Thursday, as it fell to the $34,337 low. The rest of the cryptocurrency industry suffered the same fate, as the total market capitalization fell to the $1.5 trillion mark again.

Many analysts argued that the $35,000 level was a critical level for the benchmark cryptocurrency and that a sustained breach below this level could spur additional sell-offs. That said, speculation over the next support level and whether a near-term recovery was possible flooded the crypto space on Thursday.

Notably, the refreshed bearish momentum came due to the risk flight by investors across the financial markets after Russian forces invaded Ukraine on Thursday after Russian President Vladimir Putin said that the country would carry out a “special” military operation in Ukraine and called for Kyiv to surrender.

The broadcast triggered a widespread crash across the equities and crypto market this morning, highlighting the tight correlation between both markets.

Meanwhile, stablecoins recorded the highest overnight trading volume amid the frenzied flight to safe-haven assets. Tether (USDT) recorded a 24-hour trading volume surge of over $50 billion, while Binance USD (BUSD) and USD Coin (USDC) trading volumes spiked by about $8 billion collectively.

With reports of bombing and aggressive military operations in Ukraine, investors remain on edge over a possible retaliation from western powers. Already, the US has imposed some sanctions against Russia and has promised to impose even stricter sanctions. Also, the EU is set to impose “the harshest sanctions ever” on Russia, according to the EU foreign policy chief.

Key Bitcoin Levels to Watch — February 24
As mentioned earlier, BTC continues to suffer intense bearish pressure amid the prevailing risk-off mood in the market, as the benchmark cryptocurrency inches closer to its 2022 low of $33,150.


BTCUSD – 4-Hour Chart on
Notably, we can see the completion of a bearish golden cross pattern on the 4-hour chart, indicating that the bearish trend could persist longer. That said, I expect a sighting of the $33,000 low this week as the market fall to bearish forces.

Meanwhile, my resistance levels are at $36,000, $37,500, and $38,500, and my key support levels are at $36,320, $36,000, and $35,000.

Total Market Capitalization: $1.57 trillion

Bitcoin Market Capitalization: $666.9 billion

Bitcoin Dominance: 42.4%

Market Rank: #1

Source: https://learn2.trade

EURUSD PRICE: TRIPLE BOTTOM CHART PATTERN AT $1.11 SUPPORT LEVEL, BULLISH REVERSAL ENVISAGED

Azeez Mustapha
Updated: 28 February 2022
EURUSD Price Analysis – February 28

In case the Bears are able to push the price below the support level of $1.11, then, support level of $1.10 and $1.09 may be tested. Should the just mentioned level is defend by the bulls, the price may continue its bullish trend towards $1.13, $1.14 and $1.16 levels.

EUR/USD Market

Key Levels:

Resistance levels: $1.13, $1.14, $1.16

Support levels: $1.11, $1.10, $1.09



EURUSD Long-term Trend: Bearish

On the long term outlook, EURUSD is bearish. The price action of EURUSD on the daily chart formed a double bottom chart pattern last week. The price reached the support level of $1.11 on November 24, it pulled back and test resistance level of $1.14. The price tested the support level of $1.11 second time on January 28. Today, the price is testing the support level of $1.11 as the third time. Price may bounce up at the just mentioned support level.



EURUSD has penetrated the two EMA downside, the price is trading below the 21 periods EMA and 9 periods EMA heading towards the previous low of $1.11. In case the Bears are able to push the price below the support level of $1.11, then, support level of $1.10 and $1.09 may be tested. Should the just mentioned level is defend by the bulls, the price may continue its bullish trend towards $1.13, $1.14 and $1.16 levels. However, the Relative Strength index period 14 is at 37 levels pointing down to indicate further price reduction.



EURUSD medium-term Trend: Bearish

EURUSD currency pair remains under the bearish control. The price increase to test the resistance level of $1.14 on February 04. The just mentioned level hold the price and it pulled back to retest the previous low at $1.11. A bullish pin bar formed and the price increased towards the dynamic resistance level. Today, the price experience a gap and it falls to test $1.11 support level third time.



The Relative Strength Index period 14 is at 33 levels with the signal lines pointing up to indicate a buy signal.


Source: https://learn2.trade

GBP/USD FACES REJECTION AT LEVEL 1.3642, MAY FURTHER DECLINE TO LEVEL 1.2914


Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

GBP/USD Price Long-term Trend: Bearish
GBP/USD is in a downtrend as it may further decline to level 1.2914. On the weekly chart, the currency pair has been fluctuating between levels 1.3160 and 1.3800 since October 25, 2021. The downtrend may resume as price breaks below the moving averages. Meanwhile, on October 25 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Pound will fall to level 1.618 Fibonacci extension or 1.2914.

GBP/USD Faces Rejection at Level 1.3642, May Further Decline to Level 1.2914
GBP/USD – Weekly Chart
Weekly Chart Indicators Reading:
The Pound is at level 44 of the Relative Strength Index for period 14. The Pound is in the downtrend zone and below the centerline 50. The pair is capable of a further downward move. The 21-day line and 50-day line moving averages are sloping downward indicating the downtrend.

GBP/USD Medium-term Trend: Bearish
On the daily chart, the Pound is below the moving averages. It has fallen to the low of level 1.3300. The pound will further decline if it breaks below level 1.3300. Meanwhile, on January 27 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that the Pound will fall to level 2.0 Fibonacci extension or 1.2985.

GBP/USD Faces Rejection at Level 1.3642, May Further Decline to Level 1.2914

GBP/USD – Daily Chart
Daily Chart Indicators Reading
The Pound is above the 30% range of the daily stochastic. It indicates that the market is in a bullish momentum. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways move.

General Outlook for GBP/USD
GBP/USD is in a downward move but may further decline to level 1.2914. The Pound will fall as long as it is in the bearish trend zone. Today, GBP/USD is facing resistance at a level 1.3400 high. The pair will fall and revisit the previous low at level 1.3300.


Source: https://learn2.trade

GOLD FLUCTUATES BELOW $1,950 RESISTANCE AS IT TARGETS THE $2,020 HIGH

Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Bullish
Gold (XAUUSD) is in an uptrend as it targets the $2,020 high. The bulls have also broken above the resistance at $1,870. The market has reached a high of $1,950. Presently, Gold is fluctuating below the recent high. On February 24 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or $2,020.72.

Gold Fluctuates below $1,950 Resistance as It Targets the $2,020 High
XAUUSD – Daily Chart
Daily Chart Indicators Reading:
Gold is at level 69 of the Relative Strength Index for period 14. The gold price has reached the overbought region of the market. There is a long candlestick tail pointing towards the resistance zone. This indicates that the recent high has strong selling pressure. Therefore further upward movement of prices is doubtful. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

Gold (XAUUSD) Medium-term bias: Bearish
On the 4-hour chart, the Gold price is in an uptrend. On February 24, the Gold price rebounded to reach the high $1,950 but was repelled immediately. The price fell above the moving averages as the market continues its upward move.

Gold Fluctuates below $1,950 Resistance as It Targets the $2,020 High

XAUUSD – 4 Hour Chart
4-hour Chart Indicators Reading
XAUUSD is above the 40% range of the daily stochastic. A bullish trend line is drawn showing the support levels of prices. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Gold (XAUUSD)
Gold’s (XAUUSD) price is in an uptrend as it it targets the $2,020 high. The market has reached the overbought region. Sellers will emerge in the overbought region push prices down.


Source: https://learn2.trade

SILVER (XAGUSD) PRICE: BEARS MAY DEFEND $25 SUPPORT LEVEL TO CONTINUE BULLISH TREND

SILVER Weekly Price Analysis – March 10

In case the bulls defend the support level of $25 and increase their momentum, bullish trend will be restored and the resistance level at $26 may be penetrated. If the daily candle close above it, then, the price may increase further to $27 and $28 price level.

XAGUSD Market
Key Levels:
Resistance levels: $26, $27, $28
Support levels: $25, $24, $23

XAGUSD Long-term trend: Bullish
On the long-term outlook, XAGUSD is bullish. The formation of double bottom chart pattern at the support level of $22 made the Bulls to influx the Silver market. The bulls’ momentum increase and the price increase accordingly. Former resistance levels of $23 and $24 is broken upside and the $25 price level is tested. At the moment, the white metal pulls back to retest the support level of $25 before bulls exert more pressure.

Daily 14
The price is trading above the 9 periods EMA and 21 periods EMA as an indication of bullish movement. In case the bulls defend the support level of $25 and increase their momentum, bullish trend will be restored and the resistance level at $26 may be penetrated. If the daily candle close above it, then, the price may increase further to $27 and $28 price level. Should the bears push the price to penetrate $25 level, the support level at $24 may be tested, and price may decrease to $23 levels. The relative strength index period 14 is at 61 levels and the signal line bending down to indicate a sell signal.

XAGUSD Medium-term Trend: Bullish
XAGUSD is bullish on the 4-hour chart. Last two weeks, pullback was experienced as the bears’ momentum pushed the price from the $25 resistance level. The bulls’ pressure could not break up the level due to weak bullish momentum. Last week, the bulls gained more pressure and the price increase to the resistance level of $26. Price retracement is ongoing at the moment. It is a normal phenomenon in a trending market.


Silver price is trading below the 9 periods EMA and 21 periods EMA. The Relative Strength Index period 14 is displaying a bearish market direction at $45.

Source: https://learn2.trade

THE THOUGHTS OF A TRADING MAVERICK


Infinite Regret = Infinite Opportunities
It might be difficult to see at times, especially if you’re not currently a benefactor of these — but there is no shortage of incredible, life changing opportunities in the NFT space.

Yeah it sucks if you aren’t minting projects that 100x, and are seeing everyone around you doing that. However the fact that there are projects returning such insane profits, is a very, very, very good thing. It means you are in roughly the right place, at roughly the right time.

This is a numbers game. There is a huge amount of luck involved when it comes to investing in NFTs. Anyone that says otherwise is lying. There’s also a significant element of skill, and that is what we should focus on. Improving our ability to evaluate projects, to research them, to know what is likely to succeed and what isn’t, and then placing our bets accordingly — this is the way.

Nobody can know for sure what projects will pop off. Nobody can know whether a project that has 10x’d will then go on to 100x, or whether it might crash to 0. The best we can do is make educated guesses, over and over and over again.

As time goes on, if you do this, the odds will slant in your favour. This still does not guarantee success, but it guarantees you have a better chance of success.
The Thoughts of a Trading MaverickI’ve said this so many times before but it’s worth repeating so many more times, because I truly believe it: the only thing you need to do to thrive in this space, is to survive this space.

If you go all in and spend your entire bankroll and rent money on a couple of projects that turn to dust, not only are you out that money, but you are out the opportunity cost of not being able to take advantage of all the future opportunities. If you go busto, it’s incredibly hard to recover — not only financially but also emotionally.

This is why the #1 piece of advice I always give to newcomers to this space is to be patient. There is no shortage of opportunities and there is not going to be a shortage of opportunities, not any time soon at least. Don’t feel the need to rush in and FOMO into whatever hot project your favourite neighbourhood influencer is talking about, or what your friends are talking about. Take the time to really learn and understand this space, and the projects in it, and craft a bankroll management strategy that ensures your longevity (let alone your sanity).

Sure, if you have a steady job and a tonne of disposable income and are okay losing a few thousand dollars by minting random projects then by all means — go ahead. Many of us cut our teeth this way, but by and large, we all lost thousands of dollars in the learning process. It was basically the cost of tuition. It’s a great learning experience, but it’s not feasible for most people. As it is, transacting on the Ethereum Mainnet is prohibitively expensive for 99% of the world or something. Consider other blockchains, and consider being patient and biding your time and money before jumping in and parting with your hard earned dollarydoos.

Align your emotions with your actions, not with the outcomes
I was a professional poker player for 15 years. For the most part, for most of my career the difference between the good players and the great players was not technical skill. It was psychological skill and mental fortitude. It was the ability to not tilt, to not play poorly, to not let your emotions rule your decision making. This is not an easy thing to do.
The Thoughts of a Trading MaverickAt some point in my career I received “mental game coaching”. I learned a lot, but probably the single greatest takeaway which I still carry with me to this day is to try to align my emotions with my actions, and not the outcomes of my actions. This is because my actions are within my control, whatever happens beyond that is not.

To continue the poker analogy: the goal is not to be happy when you make money and upset when you lose money. The goal is to be happy when you play well and upset when you play poorly. The goal is to be able to lose a tonne of money but feel fantastic knowing that you made good decisions and knowing that in the long run, if you continue to make good decisions, you are likely to come out ahead. You should also be able to make a tonne of money and not feel like you’re a genius and did everything right — if you played poorly, you should perhaps be a little upset, and critical, and think about what you could do differently next time, even if you came away a big winner….

Every project that I bought into, or passed over, presents opportunities to learn from. Make money or lose money, or make ‘not as much as you could have’, or ‘lose more than you should have’, these are things that are going to happen over and over and over and over and over again. These are things that are not really in our control. The decisions we make, and our reactions to the outcomes, these are within our control.

It’s worth remembering that most people don’t talk about the dark side of this space. It might seem to be all GM, WAGMI, LOVE LOVE LOVE, MOON MOON MOON, etc — it really isn’t. We’re still largely communicating via social media, and we all know that people tend to show off their best side and hide their worst. So we end up comparing our worsts to other people’s bests, and thinking we’re doing something wrong and/or that there’s something wrong with us. We end up feeling the depths of infinite regret.

There’s nothing wrong with you, or me. Know that we all go through feeling down and out about ourselves. Know that we all make mistakes, sometimes huge ones, and sometimes we don’t learn from them, and make the same mistakes again. The goal is not to never make mistakes — that’s impossible. The goal is actually quite simple.
The Thoughts of a Trading MaverickThe goal is to be better today than you were yesterday, and to be better tomorrow still. It is utterly useless to compare yourself to anyone other than your previous self. It is utterly useless to dwell on things outside of your control. It is very hard not to, but it is useless.

Life isn’t easy, it’s not meant to be easy. The NFT space moves at warp speed and amplifies everything. Days feel like weeks, weeks like months, months like years, and a year is a decade. It can be stressful. It can take its toll. It can be all consuming. Your job is to not be consumed by it; to not fall so deep into a pit that you can’t find your way out, and if you do fall in, to ask for help. There is no shame in asking for help, or for taking a break, or for quitting.

If you find yourself in a hole, reach out to a friend. We’re largely a friendly bunch in this web3 NFT space and we all gotta support one another. Investing in NFTs is super interesting in that it’s simultaneously competitive while also being collaborative. Let’s lean into the collaborative side of things and try not to focus on the competitive side. Let’s also break any stigmas around talking about the dark side of NFTs. This is a mentally draining and demanding space, and it can really amplify any mental health difficulties a person might be going through (not to mention creating new ones). Let’s encourage open dialogue with a focus on bettering ourselves, and one another. Not to wallow in self pity (the most useless thing in the world), but to seek support and companionship, and help, and advice, and to navigate this insane space together and not alone.

So much of this space revolves around money. That’s cool. Money is fun, it’s exciting. It lets us pay off debt. It lets us put food on the table and a roof over our heads. It lets us buy fun things. It lets us partake in more experience. It opens new doors and opportunities to be able to make more money. Making money can be addictive. It’s like a game. It’s fun when number go up.

Some things are more important than money. Most things are more important than money. While the space is inevitably going to continue to revolve around money for a very long time, we should try our best to not have our personal lives also revolve around money. I know this is easy for me to say from my ivory tower, but I was not always wealthy. I am fortunate to have never been in poverty, but I have experienced most of the rest of the spectrum. Another comma, another zero, they do not grant fulfillment or true happiness.

Family, friends, health, reputation. Living a good and virtuous life, being a good person, doing good things. Leaving the world a better place than you found it. This, to me, is what true wealth means. NFTs are great, money is great, but never forget that at the end of the day

We are all stardust.

Author: Seneca_33


Source: https://learn2.trade/the-thoughts-of-a-trading-maverick

CARDANO (ADA/USD) PRICE MAY BOUNCE AT SUPPORT LEVEL OF $0.75

In case there is an increase in the bulls’ momentum, $1.01 resistance level may be penetrated upside, then, price may increase further to $1.26 and $1.61 resistance levels. Bearish movement may commence towards the support levels at $0.75, $0.70 and $0.60 provided $1.01 level holds

ADA/USD Market
Key Levels:

Resistance levels: $1.01, $1.26, $1.61

Support levels: $0.75, $0.70, $0.60

ADA/USD Long-term Trend: Ranging
ADA/USD is ranging on the daily chart. The momentum of the bulls and that of the bears has been very low in the daily chart. This has led to the ranging of the price within the resistance level of $1.01 and support level of $0.75. It seems the bulls are trying to gain more pressure towards the resistance level of $1.01. Price may increase further as the bulls are preparing to dominate the market.

Daily 31
Cardano is trading above the 9 periods EMA and the 21 periods EMA, as an evidence of an increase in the bulls’ pressure. In case there is an increase in the bulls’ momentum, $1.01 resistance level may be penetrated upside, then, price may increase further to $1.26 and $1.61 resistance levels. Bearish movement may commence towards the support levels at $0.75, $0.70 and $0.60 provided $1.01 level holds. The technical indicator Relative Strength Indicator is at 57 levels with the signal line pointing up indicate buy signal.

ADA/USD Medium-term Trend: Ranging
Cardano is on the ranging movement in the 4-hour chart. The support level of $0.75 holds and the bearish momentum could not break down the mentioned support level. The bulls’ momentum is gradually increasing towards the resistance level $1.01. Cardano market is currently experiencing a ranging movement within the $1.01 resistance level and $0.75 support level. The coin is awaiting a breakout.

4 hours 17
The price is trading above the 9 periods EMA and 21 periods EMA as a sign of increase of bulls’ momentum. The relative strength index period 14 is at 72 levels and the signal line exhibiting bullish direction.


Source: https://learn2.trade

LITECOIN BREAKS ABOVE PREVIOUS HIGHS, MAY FACE REJECTION AT $140

Key Highlights
LTC price revisits the resistance at $140
LTC/USD reaches an overbought region

Litecoin (LTC) Current Statistics
The current price: $120.91
Market Capitalization: $10,156,071,004
Trading Volume: $1,041,826,323
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis March 22, 2022
Litecoin’s (LTC) price is trading above the moving averages but may face rejection at $140. The cryptocurrency is trading in the overbought region of the market. Buyers are attempting to push the altcoin to the high of $140. On the upside, if price breaks the $140 resistance, Litecoin will rise to either $150 or $160 price levels. Conversely, if the altcoin faces rejection, the market will decline and resume a range-bound move between $115 and $140 price levels. In the overbought region, a further upward move is doubtful as sellers emerge to push prices down.

Litecoin Breaks above Previous Highs, May Face Rejection at $140
LTC/USD – Daily Chart
Litecoin (LTC) Technical Indicators Reading
The altcoin is at level 61 of the Relative Strength Index for period 14. It indicates that the altcoin is in the uptrend zone and capable of a further upward move. The crypto’s price is above the moving average which ensures further upward movement of the cryptocurrency. Litecoin is above 80% area of the daily stochastic. It indicates that the market has reached an overbought region as sellers emerge to push prices.


[b]Conclusion
[/b]On the 4- hour chart, Litecoin is making an upward move but may face rejection at $140. The uptrend has reached the overbought region of the market. Meanwhile, on March 20 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement suggests that LTC will rise to level 2.618 Fibonacci extension or level $135.02

Litecoin Breaks above Previous Highs, May Face Rejection at $140
LTC/USD – 4 Hour Chart


Source: https://learn2.trade

EUR/JPY REACHES AN OVERBOUGHT REGION, MAY FURTHER RISE TO LEVEL 136.16


Key Resistance Levels: 132.00, 133.00, 134.00
Key Support Levels: 129.00, 128.00, 126.00

EUR/JPY Price Long-term Trend: Bullish
EUR/JPY pair has broken the previous overhead resistance and may further rise to level 136.16. The first uptrend retraced to the low of level 133.72 and commenced an upward move. Further upward move is unlikely as the market reaches the overbought region. In the first uptrend, EUR/JPY reached the overbought region at level 71 of the RSI but it fell to level 67. Buyers are still pushing the pair to the previous highs which may result in a fall.

EUR/JPY Reaches an Overbought Region, May Further Rise to Level 136.16
EUR/JPY – Daily Chart
Daily Chart Indicators Reading:
EUR/JPY is at level 69 of the Relative Strength Index for period 14. The currency pair is in the uptrend zone and it is resuming upward after the initial fall. The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways trend.

EUR/JPY Medium-term Trend: Bullish
On the 4- hour chart, the currency pair is in a smooth uptrend. The currency price has been making a series of higher highs and higher lows as the market reaches the high of level 134.64. The pair is likely to further rise if it breaks the resistance at level 134.74. Meanwhile, on March 22 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that the EUR/JPY will rise to level 2.0 Fibonacci extension or level 136.15.

EUR/JPY Reaches an Overbought Region, May Further Rise to Level 136.16
EUR/JPY – 4 Hour Chart
4-Hour Chart Indicators Reading
The pair is above the 80% range of the daily stochastic. EUR/JPY has reached the overbought region of the market. It appears the pair is likely to reach level 136.16. The moving averages are sloping upward indicating the uptrend.

General Outlook for EUR/JPY
EUR/JPY is in an upward move and may further rise to level 136.16. The downtrend will resume if the index fails to break level 134.74.


Source: https://learn2.trade

AUDUSD PRICE REACHES $0.755 RESISTANCE LEVEL, WHAT NEXT?

AUDUSD Price Analysis – March 30
The breaking up of $0.755 level by the bulls may push the price to test the resistance level of $0.763 and $0.770. Failure to break up the $0.755 level may lead to price reversal movement towards the support level of $0.745, $0.731 and $0.717.

AUD/USD Market Key levels:
Resistance levels: $0.755, $0.763, $0.770

Support levels: $0.745, $0.731, $0.717

AUDUSD Long-term trend: Bullish

On the daily chart, AUDUSD is bullish. The currency pair really follow the direction of double bottom chart pattern formed Last three weeks. The currency pair formed a double bottom chart pattern at the support level of $0.968. The bullish momentum in the daily chart increased and turned the former resistance levels of $0.731 and $0.745 to support levels. The price reaches the high of $0.7555 last week and started a consolidation movement.

Daily 46
AUDUSD price is currently trading above the 9 periods EMA and 21 periods EMA which indicate that bulls’ momentum is increasing. The relative strength index period 14 is at 66 levels and the signal lines pointing up displaying bullish direction. The breaking up of $0.755 level by the bulls may push the price to test the resistance level of $0.763 and $0.770. Failure to break up the $0.755 level may lead to price reversal movement towards the support level of $0.745, $0.731 and $0.717.

AUDUSD medium-term Trend: Bullish
AUDUSD is bullish on the 4-hour chart. The sellers’ pressure was terminated at the support level of $0.717 on March 16. The bears’ pressure failed and the buyers gained more pressure to push up the price. The resistance level of $0.755 was tested last week after it penetrated $0.731 and $0.749 levels upside.

4 hours 28
AUDUSD is trading above the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 62 levels and the signal lines pointing up to indicate a buy signal.


Source: https://learn2.trade

GOLD CONSOLIDATES ABOVE $1,907 AS IT REGAINS BULLISH MOMENTUM


Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Bearish
Gold (XAUUSD) has been consolidating above $1,907 as it regains bullish momentum. XAUUSD is trading above the 50-day line moving average but below the 21-day line moving average. The market will trend when the moving average lines are breached. For instance, if the bears break below the 50-day line moving average, the downtrend will resume. The market will decline to the low of $1,844. On the upside, if the bulls break above the 21-day line moving average, Gold will rise to revisit the previous high of $2,040. However, the market will continue to consolidate if the range-bound levels remain unbroken.

Gold Consolidates Above $1,907 as It Regains Bullish Momentum
XAUUSD – Daily Chart
Daily Chart Indicators Reading:
Gold is at level 54 of the Relative Strength Index for period 14. It is now in the uptrend zone and capable of rising to the upside. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. The price bars are between the moving averages indicating the range-bound move.

Gold (XAUUSD) Medium-term bias: Bullish
On the 4-hour chart, the Gold price is in an upward move. The uptrend has been stuck below the $1,960 resistance zone. Meanwhile, on March 23 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or $1,956. From the price action, Gold has retested the level 1.272 Fibonacci extension and reversed it.

Gold Consolidates Above $1,907 as It Regains Bullish Momentum
XAUUSD – 4 Hour Chart
4-hour Chart Indicators Reading
XAUUSD is above the 80% range of the daily stochastic. Gold is likely to face rejection as the market reaches the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the downtrend.

General Outlook for Gold (XAUUSD)
Gold’s (XAUUSD) price is in a sideways trend as it regains bullish momentum. The uptrend is facing rejection at the $1,960 high. The price indicator has shown that Gold is in the overbought region of the market. There is the possibility of price fall.


Source: https://learn2.trade

SILVER (XAGUSD) PRICE IS STRUGGLING TO BREAK UP $25 RESISTANCE LEVEL

SILVER Weekly Price Analysis – March 03

In case the bulls are able to increase their momentum and penetrate the resistance level at $25 with the daily candle close above it, then, the price may increase further to $26 and $27 price level. Should the bears defend the resistance level of $25, the support level at $24 may be penetrated and price may decrease to $23 and $22 levels.

XAGUSD Market

Key Levels:

Resistance levels: $25, $26, $27

Support levels: $24, $23, $22

XAGUSD Long-term trend: Bullish

On the long-term outlook, XAGUSD is bullish. Bulls dominate the Silver market started from February 04. The bulls push up the currency pair and the resistance levels of $21, $22 and $23 has turned to support levels. The white metal pulls back to retest the support level of $23 before bulls exert more pressure and the price increase to $25 level. There is tendency for the price to increase further this week if bulls exert more pressure.

The price is trading above the 9 periods EMA and 21 periods EMA at a distance is an indication of bullish movement. In case the bulls are able to increase their momentum and penetrate the resistance level at $25 with the daily candle close above it, then, the price may increase further to $26 and $27 price level. Should the bears defend the resistance level of $25, the support level at $24 may be penetrated and price may decrease to $23 and $22 levels. The relative strength index period 14 is at 71 levels and the signal line bending up to indicate buy signal.
XAGUSD Medium-term Trend: Bullish

XAGUSD is bullish on the 4-hour chart. Last week, the bears’ momentum pushes the price from the $25 resistance level. The bulls’ pressure could not break up the level due to weak bullish momentum. The evening star candle pattern formed and the bears’ momentum increased and tested $23 level. At the moment, the price is inclining to break up $25 resistance level.

4hours
Silver price is trading above the 9 periods EMA and 21 periods EMA. The Relative Strength Index period 14 is displaying a bullish market direction.


Source: https://learn2.trade

Bitcoin SV Price: Bears Are Dominating Over Bulls

Bitcoin SV Price Analysis – April 25
Further increase in the bears’ pressure will decrease the price to break down the support level of $73 which may expose the price to $50 and $41 price level. In case the support level of $73 holds, the price may increase towards the resistance level at $87, $105 and $123.

Key Levels:
Resistance levels: $87, $105, $123

Support levels: $73, $50, $41

BSV/USD Long-Term Trend: Bearish
On the daily chart, Bitcoin SV is bearish. Last two weeks, the coin was on the bullish movement in the daily chart. The resistance level $105 was tested when the price pulled back from $73 support level. The bears opposed the price increase and long tailed daily candle formed. Follow the scenario is the formation of bearish engulfing candle which triggered a bearish trend. The price is currently facing previous low of $73 price level.

The two EMAs are bending down to follow the direction of the price. The crypto continue its trading below the 9 periods EMA and the 21 periods EMA which indicate bearish momentum. Further increase in the bears’ pressure will decrease the price to break down the support level of $73 which may expose the price to $50 and $41 price level. In case the support level of $73 holds, the price may increase towards the resistance level at $87, $105 and $123.

BSV/USD Medium-Term Trend: Bearish
Bitcoin SV is on the bearish movement on the medium-term outlook. The bears eventually dominates the Bitcoin SV market. The momentum of the bears increase and the price decline to break down the support level at $87. The price is decreasing towards the support level of $73 at the moment.


The price is trading below the 9 periods EMA and 21 periods EMA which indicate that bears are in control of the market. The relative strength index period 14 is below $25 levels displaying a bearish signal.


Source: https://learn2.trade

Solana (SOL) Declines To $95 Low But Recovers Above $100


Solana consolidates above $100
SOL/USD is in a downtrend

Solana (SOL) Current Statistics
The current price: $101.36
Market Capitalization: $51,901,058,136
Trading Volume: $1,876,922,199
Major supply zones: $280, $300, $320
Major demand zones: $160, $140, $120

Solana (SOL) Price Analysis April 18, 2022
Solana’s (SOL) price is in a downtrend as the cryptocurrency recovers above $100. Solana is trading above the 50-day line SMA but below the 21-day line. Since April 11, the altcoin has been fluctuating between the moving averages. The bulls and bears are yet to break the moving average lines. A break below or above the moving average lines will compel the altcoin to trend. Today, the altcoin is trading above the 50-day line SMA if the bears break below the current support, the market will decline to the lows of $87 or $77 price levels. Conversely, if price rebounds above current support, the 50-day line SMA will be broken and Solana will rise to revisit the previous highs.

Solana (SOL) Declines to $95 Low but Recovers above $100
SOL/USD – Daily Chart
Solana (SOL) Technical Indicators Reading
The altcoin is at level 45 of the Relative Strength Index for period 14. The market is in the downtrend zone and below the centerline 50. The crypto’s price is between the moving averages as the altcoin continues to be range-bound in a range. Solana is above the 70% range of the daily stochastic. The market is in a bullish momentum. The 21-day line and the 50-day line SMAs are sloping downward.

Conclusion
SOL/USD is in a downward move as it recovers above $100. The altcoin is making an upward correction as it faces rejection at the high of $103. Meanwhile, on April 7 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Solana will fall to level 1.618 Fibonacci extensions or $93.84.

Solana (SOL) Declines to $95 Low but Recovers above $100
SOL/USD – 4 Hour Chart


Source: https://learn2.trade

You know, I don't really trust cryptobots. Still, it is more reliable for me to trade on my own, relying on my own knowledge and data analysis, statistics using various trading tools. In this case, the platform https://tabtrader.com is ideal for me, which I consider the most convenient for both a novice trader and a more experienced one.

DeFi Coin Soars By Over 500% In Two Days As DEFC Prepares For Bull Cycle

DeFi Coin (DEFC) surged by over 175% last Wednesday alone, as the price rallied to $0.23 on Bitmart. On that day, the DeFi token jumped from a daily low of $0.08 to tap a high of $0.25, a jaw-dropping 300% single-day move.

That said, DEFC did not stop there. Instead, the cryptocurrency surged by another 124% between May 5 and May 6. However, it has since retraced to the $0.470 area, where it currently trades.

That said, analysts opine that bullish continuation might be brewing in the background for the DeFi token. Impressively, DeFi Coin put up this exceptional bullish performance when most of the market suffered monumental losses, as Bitcoin slumped to the $33,000 low, a record yearly low.

In other news, DeFi Coin recently achieved another milestone in its roadmap after launching its Defiswap.io decentralized exchange (DEX), app, and farming pool.

DEFC aims to become the go-to alternative to decentralized exchange giants, like Pancakeswap, Uniswap, and Sushiswap, and provides liquidity for crypto token swaps in a decentralized setting.

A recent report suggested that DEFC could attract a listing on Coinmarketcap with its recent meteoric rally, which should amplify the token to more audiences and attract more investors and developers.

Key DeFi Coin Levels To Watch — May 9
As mentioned earlier, DEFC has recorded a massive boom over the past few days after recording an activity and volume spike last Wednesday.


DEFC 4-Hour Chart on TradingView.
The decentralized token jumped by a volcanic 514% between Wednesday and Friday before correcting mildly to the $0.470 zone. The cryptocurrency still trades up by 411% from its lowest point in May, recorded on May 4.

With the bearish pressure on the broader market persisting on Monday, DeFi Coin could record a bullish slow down and enter a sideways pattern. However, analysts believe that the cryptocurrency has now touched the floor from its recent crash, adding that it could start a bull cycle soon.

Meanwhile, my resistance levels are at $0.500, $0.550, and $0.600, and my support levels are at $0.450, $0.400, and $0.350.

Total Market Capitalization: $1.51 trillion

DeFi Coin Market Capitalization: $49.3 million

Source: https://learn2.trade

Why Inflation Is A Good Thing

Inflation would be the greatest thing to happen to me.

I selfishly want the government to spend as much money as possible. “You can’t print money forever!” everyone is shouting.

Yes you can. And they will.

They’ve been printing money for decades, and only now it’s making the headlines.
Why inflation is a good thingThe reason I am selfishly supportive of inflation is that there is a well-known maxim in poker that “money flows clockwise.” If you sit to the left of the weakest player at the poker table, then eventually you will have all of their money.

Every time they bet, you raise them, scaring out all of the other players. So you are now “heads-up” with the weaker player. It’s just the two of you. Luck will give him some hands, but luck/skill will give you most of the money.

In inflation, the same thing happens. Print up a trillion dollars and give it to everyone… and where does it end up?

Eventually it’s all put in the stock market or in real estate. To be fair, some of it is now showing up in crypto.

Inflation of a currency occurs when goods that are priced in that currency go higher (IN THAT CURRENCY) year-over-year or month-over-month. For instance, gas — which you buy with dollars — is over $3 a gallon for the first time since 2008.

This is VERY important to understand. Gas itself is not different. Gas is not even worth more UNLESS it is priced in US dollars.

Everything you own goes up in value, but ONLY IF it is priced in US dollars.

What do I mean?

Here are things you might own that will go up if inflation goes higher:

Stocks

Real Estate

Cryptocurrencies

Collectables

Services you offer

The more you own of the above, the less inflation hurts you.

And if you own “Good” stocks or “Good” real estate, then you will make a lot of money during inflationary periods.

But what’s a good stock or good real estate?

Without inflation, it is very hard to predict the stock market. When there is no inflation, the stock market will stay the same except for stocks that are growing. And it’s very hard to know which companies will grow.

Remember this: Almost all of the growth in the stock market over the past 100 years has occurred because of inflation. I don’t give a shit about “candlesticks” or P/E ratios or what The Wall Street Journal says.

So, ok, if you own a basket of stocks — and that is the bulk of your net worth — then you will survive inflation.
Why inflation is a good thingBut how can you BEAT inflation?
It’s simple. Just own stocks in an industry that is growing faster than inflation.

Some industries are fully mature, and I would not bet on them. Sure, Exxon and Chevron will go up when gas prices are going up. But they are not interesting, and eventually their stocks settle down.

The oil industry might even be in trouble as renewable energy gets more realistic.

But just look in your life. Do you drive more? Do you use the computer more? Do you read more? Ask yourself which activities you do are “inflating.”

Author: James A.

Source: https://learn2.trade/why-inflation-is-a-good-thing

3 Secrets Of Everlasting Victory In The Markets – Part 1


3 MANDATORY INGREDIENTS FOR PERMANENT TRADING SUCCESS

“Stop trying to force trades with strategies that don’t work for you. Instead, enjoy the freedom of executing trades that fit your psychology and that help you reach your financial objectives.” – VTI

In case you didn’t know, trading is the second most difficult job in the world. The only job that is more difficult than trading is defusing nuclear bombs. No, I don’t mean to scare you, but you need to accept this brutal truth if you want to really attain the goal of financial freedom as a trader.

Trading is a very tough game. It is well known that roughly 70% of traders lose their capital within the first year of funding their accounts, and eventually, more than 95% of traders cannot succeed consistently. It’s even argued that less than 3% or 2% of all traders in the world can boast of permanent victory.

Honestly, “over 95% eventual losers” isn’t a sexy statistic. But it shows how hard trading is. Period.
3 Secrets of Everlasting Victory in the Markets – Part 1I have said it over and over again: What makes trading difficult is the everlasting fact that the next movement of price can never be predicted with absolute certainties. This is the biggest factor behind traders’ losses. They think the market will behave in certain ways, but the market behaves differently.

What are your trading beliefs?
In his past newsletters, the late Dr. Van Tharp always said, “You do not trade the markets—no one does. Now that might sound surprising to many of you. But what you really trade are your beliefs about the market. Furthermore, your ability to do so is tempered by your beliefs about yourself.”

You live your life according to your beliefs. You deal with people according to your beliefs. If you’re religious, you worship according to your beliefs. Everything you do in life is according to your beliefs: schooling, marriage, eating habits, dressing, business, parenting, hobbies, etc.

If you’re a trader, your trading styles, strategies, entries, exits, position sizes, etc. are according to your beliefs. So your trading activities reflect your beliefs as a trader.

Are your trading beliefs useful?
Some trading beliefs are totally useless and some are really useful.

Are you part of the 95% losing traders, or do you belong to the 5% who make consistent profits? Look at your account history…

If your account history is not attractive (negative) that means your beliefs about the markets are not useful. If your account history over the years, or several months, is amazing (positive), then your trading beliefs are useful.

Unfortunately, most beliefs about the markets are not useful.

The world is full of problems
The world is full of problems and the majority of the problems are man-made. We create problems for ourselves as a result of what we do.

For example, what would be the result of chain-smoking? What would be the end results of criminal activities? What about those who are destroying the planet earth because of their own personal gains? What about those who complain of the poor economy and they keep on voting bad leaders into power?

Likewise, as an individual, your life is what you make it.

What is happening to you as a trader is the result of your actions. If you have problems from trading, you created the problems yourself.

The surest way to make progress in life
The best way to make progress in life is to realize your mistakes and stop repeating them. If it’s going to be, it’s up to you. If the results you’re getting in life are not what you want, the only way to get good results is to stop the habits or actions that constantly create problems for you.

Likewise, in trading, the only way to make progress and become a consistently profitable trader is to stop doing things you’re currently doing, which have not been giving you good results. You cannot continue trading the way you’re trading and expect better results. There’s no way that’s possible.

The most guaranteed way to always be a losing trader, is to always trade to satisfy your emotions. You can’t continue trading to satisfy your emotions and expect breakthroughs.
3 Secrets of Everlasting Victory in the Markets – Part 1The unpredictability of the markets is our ally
If you’re still reading this article, count yourself very lucky.

Those small percentage of permanently successful traders are successful because they have found ways to make profits from the markets without being able to predict with absolute certainties.

And the principles they use are simple in theory, but difficult to apply, owing to serious psychological problems.

Nonetheless, if you’re really tired of losing money… If you want to be among those less than 5% who are consistently making money, then stay tuned for the second article in this series. It would reveal two secrets of consistent triumph, while the third article in the series will reveal the third and the final secret.

We are not talking about the ups and downs of trading. We are not talking about making money temporarily and then blowing accounts, making another money, and blowing accounts again. We are talking about the permanent process of making money.

Your goal in life is to be a successful trader, and success is possible if you can discipline yourself to apply the 3 secrets that would be revealed in the next articles.

The first part of the articles is ended with the quote below:

“My greatest challenge was the idea my opinion is not worth a pinch of s***. The more I accepted my opinion was worthless and the more I accepted whatever the market provided – the better and more consistent my results became.” – Sven Holmes

Insights into the Mindset of Super Traders

Source: https://learn2.trade/3-secrets-of-everlasting-victory-in-the-markets-part-1

8 Things I Wish People Had Told Me About Being A Trader


Not everyone will be happy for you.
The tall poppy syndrome is alive and well. Be careful who you share your dreams with, especially early on in your trading career. A dream is the most fragile when it is first birthed.

Trading sounds glamourous, but it isn’t.
The best traders follow the same routines day in and day out. This is less ‘Wolf of Wall Street’ and more ‘Groundhog Day’.
8 Things I Wish People Had Told Me About Being a TraderPeople will always ask for your latest tip.
Never mind the discipline required to develop your short list of buys. Disregard the fact that most of those won’t even be the winners you were hoping they’d be. Your friends just want to know the name of the stock that is going to the moon on a one-way trip – and they feel sure that you know and you’re not willing to share.

Your friends and family will think you’re unemployed.
Full-time traders look like they don’t have jobs, so they’re asked the most unreasonable favours e.g. Can you drive my son into the city on Wednesday at 4.30pm? Goodness me… just because I don’t LOOK like I’m working doesn’t mean I’m NOT working.
8 Things I Wish People Had Told Me About Being a TraderStrangers will think you’re a gambler.
You’ll be hit with some complete fallacies and expected to agree with people who have zero knowledge about what you actually do. “But trading is like gambling, isn’t it?” “You have to be really lucky to get a big win”. “My neighbour’s cousin bet big on crazycrypto and bought it when it was $1.00.” You will be subjected to these STUPID comments. Get ready for it.

You’ll be wrong more times than you ever imagined (but still make a good return).
The greatest trading group in the world – The Turtles, only win thirty five percent of the time. It’s how much you make each time you win that counts (and keeping your losses small).

This may be your next friendship group.
When I started trading, I had no idea that I’d have so much in common with such a diverse group of like-minded people all striving to perfect a high-performance endeavour.

Civilians will think you’re mad.
And because we are such a tight-knit group – those outside our group will never really relate with the calculated risks we take and the way we live our lives. They’ll never make the choices we made to excel and live life on our own terms.

Author: Louise Bedford

Source: https://learn2.trade/8-things-i-wish-people-had-told-me-about-being-a-trader