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High probability intraday bullish trade: Demand zone within(over lapping, intersecting) daily CPR

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5 minutes chart of BTCUSD Coinbase In the above chart a demand zone Rally Base Rally is created between the Central Pivot Range (CPR) levels — Pivot Point (PP), Bottom Central Pivot (BCP) - its a high probability demand zone and we can see candles rallying upwards from the demand zone. High probability Demand zone within Central Pivot Range (CPR) levels When a demand zone is created between the Central Pivot Range (CPR) levels — Pivot Point (PP), Bottom Central Pivot (BCP), and Top Central Pivot (TCP) — it signifies a confluence of support levels, which can strengthen the case for a potential bullish price reversal or continuation. Here's a detailed breakdown of what typically happens in this scenario: Understanding the CPR Levels and Demand Zones: 1. Pivot Point (PP): The central price level calculated from the previous period's high, low, and close. It often acts as a key support or resistance level. 2. Bottom Central Pivot (BCP): The lower boundary of the central pivot rang

High probability intraday bullish trade: 5 minutes candles above daily, weekly and monthly CPR

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5 minutes chart of BTCUSD Coinbase In the above 5 minutes chart of BTCUSD we can see weekly CPR is above monthly CPR, and daily CPR is above weekly CPR, and 5 minutes candles consolidated for sometime above the daily CPR and later we can see a intraday upwards bullish rally after range breakout and a pull-back. Daily, Weekly and Monthly CPR When analyzing the relationship between daily, weekly, and monthly Central Pivot Ranges (CPR) and their respective positions relative to the price action, traders can gain insights into market sentiment and potential future price movements. Let's break down the scenario where the weekly CPR is above the monthly CPR, the daily CPR is above the weekly CPR, and the candles are above the daily CPR. Interpretation of the CPR Levels 1. Weekly CPR Above Monthly CPR:    - This indicates that the weekly market sentiment is more bullish than the monthly sentiment. The market is showing a strong upward momentum on a shorter-term basis compared to the longe

The Central Pivot Range (CPR)

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The Central Pivot Range (CPR) is a popular technical analysis indicator used in trading to identify potential support and resistance levels. It consists of three key levels: the Pivot Point (PP), the Top Central Pivot (TC) or Upper Central Pivot, and the Bottom Central Pivot (BC) or Lower Central Pivot. The CPR helps traders gauge market sentiment and make informed trading decisions based on the relative position of price action to these levels. Calculation of CPR Levels: Interpretation of CPR: - Above CPR: If the current price is above the CPR, it indicates a bullish sentiment. - Below CPR: If the current price is below the CPR, it indicates a bearish sentiment. - Within CPR: If the current price is within the CPR range, it suggests a sideways or range-bound market. Trading Strategies Using CPR: 1. Breakout Strategy:    - Bullish Breakout: Enter long positions when the price breaks above the TC level.    - Bearish Breakout: Enter short positions when the price breaks below the BC leve

Stock traders and tunnel visions

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In the Book "The Road Less Traveled" by M. Scott Peck, the concept of "tunnel vision neurosis" is discussed as a psychological condition where an individual's perspective becomes excessively narrow and limited. This term is used metaphorically to describe how a person's focus can become so restricted that they are unable to see the broader context or the full range of options available to them. Peck describes how this condition can lead to significant problems in a person's life. When someone has tunnel vision neurosis, they may be unable to adapt to changing circumstances or to consider alternative solutions to their problems. This limited perspective can result in repetitive and ineffective behavior patterns, exacerbating their difficulties rather than resolving them. For example, a person with tunnel vision neurosis might focus so intensely on a single goal or aspect of their life that they neglect other important areas, such as relationships or self-

Apophenia: A natural Psychological tendency

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Humans have a natural tendency to find patterns and meaning in random data, a phenomenon known as apophenia. This can lead us to see connections that are not actually there. Apophenia, the tendency to perceive meaningful patterns within random data, is a common phenomenon in the analysis of stock market charts. Here's how it relates and some points to consider: Apophenia in Stock Market Analysis: 1. Pattern Recognition:    - Investors often look for patterns in stock charts to predict future price movements. Common patterns include head and shoulders, double tops, and cup and handle formations.    - While some patterns have historical precedents and can sometimes provide useful insights, the stock market is highly complex and influenced by countless factors, making consistent predictions challenging. 2. Technical Analysis:    - Technical analysis involves studying past market data, primarily price and volume, to forecast future price movements. Analysts use various tools and indica

Top 7 Alts

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ETH, BNB, ADA, DOT, XRP, LTC, LINK Altcoins, or alternative cryptocurrencies to Bitcoin, have gained significant attention and success in the cryptocurrency market. Here are some of the most famous and successful altcoins: 1. Ethereum (ETH):     Overview : Launched in 2015 by Vitalik Buterin, Ethereum is a decentralized platform that enables smart contracts and decentralized applications (dApps) to be built and run without any downtime, fraud, control, or interference from a third party.     Success : Ethereum is the second-largest cryptocurrency by market capitalization after Bitcoin. It introduced the concept of smart contracts, which has revolutionized the blockchain space. 2. Binance Coin (BNB):     Overview : Created by the Binance cryptocurrency exchange, Binance Coin is used to pay for transactions on the Binance platform and can also be used in Binance's decentralized exchange (DEX).     Success : BNB has grown significantly in value and utility, often used for transaction

Hype and Decline. ICO Boom and Bust. The most popular failed alts.

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Despite the initial success and hype surrounding many altcoins, several have failed or significantly declined after their launch. Here are some notable examples of altcoins that faced significant challenges or outright failure: Early Failures 1. BitConnect (BCC) (2016-2018): Initially popular for its high-yield investment program, BitConnect was later exposed as a Ponzi scheme. It collapsed in 2018, resulting in massive losses for investors. 2. Feathercoin (FTC) (2013): Feathercoin aimed to improve upon Bitcoin and Litecoin with faster block times and advanced mining techniques, but it failed to gain significant traction and is now largely forgotten. Hype and Decline 3. Auroracoin (AUR) (2014): Marketed as the national cryptocurrency for Iceland, Auroracoin gained initial hype but quickly lost value due to lack of adoption and interest. 4. Paycoin (XPY) (2014): Promised a minimum price guarantee and partnerships with major retailers, but Paycoin failed to deliver on its promises and wa