My 1st wLeo Chart Analysis On Tradingview

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(Edited)

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I'm very excited that I can now get creative and share with you all how I view price action on wLeo. Although wLeo is 10 days old on Tradingview, in this video I show daily demand and now a daily supply zone. These analysis that I will be doing moving forward will be great regards of whether you are day trading or position trading wLeo.

https://leofinance.io/@nealmcspadden/usdwleo-is-now-on-tradingview-com

https://leofinance.io/@scaredycatguide/wleo-is-on-tradingview-stuff-just-got-real

MY TRADING METHODOLOGY IN A NUTSHELL BELOW

I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.


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13 comments
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It is quite great that we are able now to use the TradingView charges for the LEO (wrapped LEO) token as this can really give meaning due to the increased market liquidity. Volument truly let's you do some analysis, trying to do it on HIVE-Engine means nothings. That's the game we need to play and hopefully we will continue due so either on Uniswap or on a bigger exchange.

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How cool, I remember in the beginning in the steem-engine, there was not even a chart to see the evolution of the price, that came later. I had a process doing consultations to build my own charts and see the evolution as you can see in these old publications:

https://leofinance.io/@yuriitonkov/leo-cotization-support-line-holds

It's funny that now we have it in the tradingview. In any case, I think that what still weighs most heavily when it comes to predicting future prices are the fundamentals, the team that manages the platform and the great community that we form. I have bet on it.

For the rest, I believe that the behaviour of the price at the moment has corresponded to the great response of the community when investing in leofinance. Now we need external investors and other people to come and invest so that the token follows its upward course, as it will surely happen. Thanks for everything.

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Thank you for your report. I'm not experienced at finance, but looking at your methodology, I see a striking resemblance to some of my work duties. I track, trend, and forecast radiation exposure amongst people, equipment, and radiologically controlled areas at a power plant. My tasks require that I take the same viewpoints as your MTF analysis. It's fascinating to watch your descriptions while I recall my job expectations during daily and special projects regarding exposure.

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Thanks for the analysis. I'm happy for the community. My entire strategy for LEO has been HODL and start acquiring as much as possible. After all we're still at dirt cheap prices when looking at big picture.

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Thanks for sharing; really interesting.

Offtopic:
What an amazing amount of browser tabs!
You should update your browser by the way ;)

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Its about time Trading View! Show us our damn respect!!

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Thanks for this fine analysis. It's good to see things from an experienced trader's point of view. Cheers!

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(Edited)

Well thank you very much. I just listened to another of your charting post, and asked when you would do one on wrapped Leo. And my wish was granted.
Thank you

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