Preiskovalne komisije morajo preiskovati‼️
Nihče, ki je predmet preiskave, ne bi smel imeti možnosti, da z zavlačevanjem prepreči iskanje odgovorov.
Zato bomo 11. oktobra glasovali ZA uveljavitev novele Zakona o parlamentarni preiskavi.
✅ ZA učinkovite parlamentarne preiskave‼️
✅ ZA odgovornost nosilcev javnih funkcij‼️
✅ ZA preiskavo politično-gospodarske korupcije‼️
✅ ZA to, da kriminalce postavimo tja, kamor sodijo‼️
Zakonu nasprotujejo le tisti, ki se preiskave bojijo. Uganete, kdo se je najbolj boji? 😉
⚠️ CONFLUENCE ⚠️
Confluence is the combination of multiple factors, such as types of TA, charts, emotions and news. Confluence will align at a specific price level, increasing the probability of a successful trade.
It means different types of analysis confirm the same trading opportunity, giving traders more confidence in their decision-making. Find strong confluence around the same level at roughly the same time because then the entry/exit becomes much safer. The more confluence, the better.
You should never use one confluence by itself.
The quality of your trades depends on the number of confirmations you find.
Technical Analysis Confluence
Here's a list of the strong confluences from a MM/Algo perspective to use when charting:
- Market structure 👉 https://t.co/X7T8tC4LW8
- Fibonacci retracement 👉 https://t.co/06crLZbR51
- Supply & Demand 👉 https://t.co/WxXVW1rmQP
- Discount & Premium 👉 https://t.co/rvRUNNXRWd
- FVGs 👉 https://t.co/ujrxNxD1BB
- Order Blocks (Key Levels) 👉 https://t.co/sMgqpYVdmd
- Refining 👉 https://t.co/Ix5ZPtK7yS
- Multiple time frames 👉 https://t.co/11KUquu70B
- Ranges (Coming soon)
- Three drive patterns (and inverted)
- Head and shoulder pattern (and inverted)
Other technical analysis confluences (weak) you can use from a retail perspective when charting:
- RSI
- Trendlines (support and resistance)
- Moving averages
- MACD
I wouldn't focus on these too much, as they are lagging indicators, but it's good to think like a retail player. Understand how they might be feeling or what they're seeing. Use their perspective to your advantage as retail players are often wrong.
Other strong confluences non-TA related:
- @Moneytaur_ (Of course)
- Psychological thinking (Coming soon)
- Volatility (Coming soon)
- Major News involving countries and institutions
Major charts to use as strong confluence:
- BTC
- ETH
- ETH/BTC
- TOTALs
- USDT.D
- BTC.D
- BVOL & BVOL24
- VIX
- BTC pairs (SOL/BTC, LINK/BTC, etc)
- COIN (Coinbase on NASDAQ)
Look at BTC's trend, this will be your strongest confluence as it will give you an idea of the direction of the market.
ETH and ETH/BTC trends will give you a general idea of the altcoin market. Overall altcoins will do well if Bitcoin is trending higher but they'll do extremely well when ETH and ETH/BTC are trending higher.
Look for key levels on the TOTAL charts from the HTF to see where the major reversals will be (From the weekly TFs and refined for strong confluence).
Look for key levels on the USDT.D chart from the HTF to see where the major reversals will be (From the weekly TFs and refined for strong confluence).
Look at the trend on the BTC.D chart. When it trends higher that means Bitcoin is generally outperforming altcoins. When it trends lower that means altcoins are generally outperforming Bitcoin (Altcoins can have a decent run while BTC.D trends higher so don't be deceived and wait for the easily visible "altcoin season")
Look for support and resistance on the BVOL chart to give you an idea of when the major turning point will be. On the BVOL24 chart, when PA goes below 1.42 I look for Bitcoin volatility (The answer to which direction will be found in Bitcoin's PA, look at the current MS and where the key levels lie).
On the VIX chart, when PA goes above 44, I expect high volatility in the stock market which can be relative to the crypto market too. This is generally a massive turning point in the markets, whether bullish or bearish (The answer will be on the charts you are looking at).
Look for key levels on Bitcoin-paired charts as it will give you an idea of where the reversal could happen (Use this to see the "altcoin season" for your specified coin).
Look for key levels on the COIN chart on the HTF to see where the major reversals will be. It typically likes to reverse at local tops and bottoms (Mainly look at the weekly TF and higher).
External Confluence
From an outside perspective, your best confluence will be upcoming major real-world events and the current sentiment of the market (Emotions).
For example, real-world events include countries and institutions selling/buying crypto, the president of America creating his meme coin at the top, Bitcoin halvings, presidential elections being a good turning point, Major hacks and collapses, ETFs and exchanges freezing, etc. There are many types of confluence that you can add to your thesis (It will feel weird at first as you'll be doing the opposite of what you see on socials but you'll soon be able to 👁️ and understand how the game is played).
For example for the market sentiment, when your friends are asking you about crypto (typically a good sign to sell as the market is overly bullish and usually happens at/near the tops). People tend to be very quiet and non-existent at/near the bottom as they don't want to talk about their losses.
When it's positive, it's time to take profits.
When it's negative, it's time to take risks.
When you're excited, it's time to take profits.
When you're fearful, it's time to take risks.
It sounds simple and it is but people's emotions sway their decision-making in the moment.
Here are two examples from a long-term holder perspective. Just because you have an investor perspective doesn't mean you have to hold indefinitely. Maintain that trader perspective and time the market to be an effective investor.
Taking Profit Example (December '24):
- Three drive pattern forming on Bitcoin
- Bitcoin hitting 100k (Psychological number)
- USDT.D testing at the bottom of its range (3.79%)
- ETH testing the top of its range ($4k)
- TOTAL1 testing the -0.5 Fibonacci level
- TOTAl3 testing at the top of its range (1.13T)
- Ultra-bullish sentiment on social media (Excitement)
- Michael Saylor talking about Bitcoin on Fox News
- Coinbase allows users to purchase crypto with the easiest payment system on the planet with Apple
- HTF key levels hit on multiple large-cap coins at the same time (Supply or HTF hidden liquidity)
- And much more...
If you go through all the confluence, you'll see it all happened between 01/12/24 and 16/12/24. It's not a coincidence that this all happens at the same time. Someone has to lose for there to be a winner. Use the confluence to your advantage and come up with a decision.
Taking Risk Example (August '24):
- Bitcoin testing a HTF key level (3W HOB)
- Ethereum testing the bottom of its range ($2.1k)
- USDT.D testing at the top of its range and remained respected (6.51%)
- TOTAL1 tested a HTF key level and remained respected (1M HOB or refined 2D BB)
- TOTAL2 tested its demand zone (1M OB)
- TOTAL3 tested its demand zone (1M OB)
- ETH/BTC tested a HTF key level (3D HOBx2)
- COIN tested its demand zone (1M OB)
- BVOL testing its resistance area (26-29)
- VIX tested its region above 44 (High volatility)
- Ultra-bearish sentiment on social media (Fear)
- Countries and institutions involvement
- Large exchanges freezing (Crypto and Stocks)
- Negative news before and after the drop such as large sales, wars, depression and suing (Fuelling volatility)
Same explanation as before, you'll see it all happened relatively at the same time within a month. It's not a coincidence. You can see the bullish and bearish scenarios are quite contradicting too.
For the traders who like to trade in between the local tops/bottoms, you won't have intense emotions or major news going around so you'll have to focus more from a technical analysis perspective. You'll have to focus mainly on the key levels on the charts. Go over the technical analysis confluence mentioned above as that will be enough for you to understand what confluence you need to look for.
It may be a good idea to form a confluence checklist to see if the setup has a high probability of going in your favour. For example:
- Hidden liquidity
- High-volume coin
- Supply/Demand
- Fibonacci levels
- Market structure shift
- Same direction as the HTF trend
- Specific chart patterns
- Multiple timeframe confluence
- Discount/Premium
- Major chart confluence (USDT.D, BTC, ETH and TOTALs)
- Reasonable and clear target above into a key level in a discount or premium zone
Try to aim for at least 5 different types of confluence to have a high probability trade (Some are stronger than others). If you don't find enough confluence at your key level, move on and focus on a different chart. There are multiple charts out there that have great setups that are yet to be tested.
You just have to find them 👁️
I try to make these topics as friendly as possible and it does take some time out of my day so if you want me to provide more educational posts, please like and repost so they can reach more people 🙏
If you have any questions, put them in the comments below 👇
Beyond democratizing staking for users who are bringing value to the chain, PoL also lets developers attract more capital at a cheaper cost. Our builders can lean on our Polaris EVM framework to deploy fully EVM-equivalent code without any changes.
https://t.co/GRSvfapOBO
Users, developers, and validators can engage with the testnet through Galxe's Quest platform. The Galxe Quest platform will feature activities involving the core chain, its enshrined applications, and projects building in the ecosystem.
https://t.co/uZtGRKa6TJ
Giveaway Time! 🎁
Giving away $500 to 5 lucky winners.
$100 each!
👉Like, retweet and follow
👉Reply with your ETH address and the year you started trading crypto.
Good luck to everyone!
Winners announced in 48 hours...