Topic: Trading Idea - Price Reversal Zone (Read 61 times)

another tip
when a certain pattern appears too often, it is usually a sign a whale/bot trader is pushing the price a certain way. using its influence on niave traders to follow its preachings
however by it being a pattern recognised so often, other smarter traders anticipate and react accordingly to trade against it. breaking the pattern

so eventually the premonition based on past patterns breaks its own ideals and becomes a useless pattern to follow

these whales want naive people to trade a certain way because it benefits the trader causing it.
to put it simply. when a whale shouts "everyone should buy" the whale wants people to buy to cause a community pump. purely so the whale can sell and cause a whale dump
to put it simply. when a whale shouts "everyone should sell" the whale wants people to sell to cause a community dump. purely so the whale can buy at a discount

never trust these influencers publishing their trade models. its just a call out to the community to hope the naive community listens and falls for it to cause the naive community to cause the premonitions to come true

its also noteworthy when these influencers have 2 windows of possible trade path. so even if the price did drop(if community didnt cause a pump) they can just say they also predicted it would go down into the lower window, to make people think they are never wrong

its worth noting although this topic shows yesterday he said "price up".. on the same day he also said "price down"
https://www.tradingview.com/chart/BTCUSDT/rVD3ZwL2-Bitcoin-Mid-Term-Analysis/
here is him in that latest post making a comment
"✅After rising almost ➕15% for the past four weeks, Bitcoin has started to decline again (as I expected in previous posts✅). "

in short dont trade based on influencer advice.. they wont bail you out/offer refunds,

many influencers usually show two windows of a possible premonition of a path. and after the reaction happens. delete the errored path's post/data to pretend they didnt advise it. to only show a comment history of posts of the paths that work, just to seem like they are always right

Buddy, if you are looking forward to being spoon fed all the time, then trading might not be a good thing for you at the moment. What people share in most cases are ideas and from those ideas, you can build your own workable trading strategy

Under the shared Idea, the poster himself replied to you, and I am not sure if you have read the reply


Also, just below the post, there is a disclaimer

This should open yours eyes that whatever is shared is not pinpoint accurate. Devise your own means by building from the ideas.

First of all, Always Post trading related questions or topics on trading discussion board.

I've just come across this concept for the first time, and I haven't been actively involved in trading for a while, so I might not be the best source of information on this.
But, I believe you might be referring to terms related to price reversal and retracement, potentially including the concept of a Potential Reversal Zone (PRZ).
To learn more about this, I would recommend Some articles/videos:

https://www.investopedia.com/articles/trading/06/retracements.asp
https://www.investopedia.com/articles/forex/11/harmonic-patterns-in-the-currency-markets.asp
https://harmonics.app/what-is-potential-reversal-zone-in-harmonic-pattern/
https://www.youtube.com/watch?v=aXvNUmOUfDI

Learn yourself and make decision on your behalf don't listen to those BS influencers/youtuber+trader.

he is just naming PRZ as what regular people call the tipping point or the high

the chart he shows has such a narrow field that you are (after exchange fees and other costs) not going to make much

he has two windows of possible direction it can go (although he draws an arrow to suggest his preference)
one of 27.6k-28.4k (if the price goes down)(his preference/suggestion)
one of 28.4k-29.2k (if the price goes up)

in simple terms support=bottom        PRZ=top

the thing is those windows are so narrow at 0.8k each that it is only a challenge of 2%

dont aimlessly follow some nubtubers chart they published on tradeview without looking at your own costs
EG the tx fee to deposit. the exchanges market trade fee, the tx fee+exchange fee to withdraw = 2% of your balance
if the fees total are more than the possible 2% gain. there is no point trading in these small windows

Hi, I have some questions about this trading idea

Does anyone know how and why he chooses that Price Reversal Zone..and what does he mean by:

⬆️Upper ⬆️🟡Price Reversal Zones(PRZ)

and most importantly what is the price to open the position and what TP and SL I should use if I want to follow this trading idea

I would need to open a limit order to open the position right?

https://www.tradingview.com/chart/BTCUSDT/paSBKJZ1-itcoin-will-go-UP-by-Falling-Wedge-Pattern-15-Min/