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Navigating the Markets with Price Action Technical Analysis: Expert Tips for Successful Stocks, Options, Futures, Forex, Crypto, and Commodity Trading

Navigating the Markets with Price Action Technical Analysis: Expert Tips for Successful Stocks, Options, Futures, Forex, Crypto, and Commodity Trading

Price action technical analysis is a popular and effective approach to navigating the financial markets, including stocks, options, futures, Forex, Crypto, and Commodity trading.

This article will provide expert tips and insights to help you successfully trade various financial instruments using price action technical analysis. By understanding and applying these concepts, you can improve your trading skills and potentially achieve greater profitability.

April 2 Chart of the Day - Gold

April 2 Chart of the Day - Gold

Gold (ticker /GC on Think or Swim) has been on a massive bull run making multiple new all time highs (ATH) since Thanksgiving time frame and now it's becoming almost a weekly occurrence.

We see all the headlines calling for Gold $3000 and even $5000... and while that's totally possible, price never moves in a straight line - and we all know that any market cycles up and cycles down.

We've had many requests to identify upside targets for gold, which is not the same as calling a top!

See what we came up with!

November 27 Chart of the Day - Grayscale Bitcoin Trust

November 27 Chart of the Day - Grayscale Bitcoin Trust

One of the first securities solely invested in and deriving value from the price of Bitcoin (BTC), Grayscale Bitcoin Trust (GBTC) is solely and passively invested in BTC, enabling investors to gain exposure to BTC in the form of a security while avoiding the challenges of buying, storing, and safekeeping BTC, directly. GBTC shares are designed to track the BTC market price, less fees and expenses.

About a year ago we started scaling in to a GBTC position with an average cost around $10.  This past Friday we closed half the position at $31.20.  This was the beginning inspiration for posting Chart of the Day as “trading” works across all time frames.

August 3 Chart of the Day - Bitcoin

August 3 Chart of the Day - Bitcoin

Bitcoin (BTC) is one of the most requested charts we receive so today we'll take a look into where price could go on this chart.  

First of all, we can see for the past few months that price has been consolidating and clinging to a major level of support/resistance just shy of $30,000 before deciding which direction to move in next.

Is price resting before its next big move?

The Rise and Fall of Bitcoin from a Price Action Technical Analysis Perspective

The Rise and Fall of Bitcoin from a Price Action Technical Analysis Perspective

Seems like all the self proclaimed charting experts are suddenly appearing to claim that they "knew" that Bitcoin (ticker BTC) was going to top out and make the free fall that it did... Not so fast my friends!

For well over the past year traders have been asking us what we thought about Bitcoin and our honest answer has consistently been "it doesn't matter what we think about Bitcoin but what's important is what story the BTC chart has been telling us... You just have to know how to listen to it and pickup on the clues that it provides."