Here's the bigger picture just in case those who saw my last posting couldn't work it out . MACD study of two double tops. Chart is looking a bit wrecked, but the only way I could show full MACD study. So far it looks to be working out well. I've also updated some of my earlier yellow lines to better reflect accuracy etc... Hope the visual is self-explanatory.
We are seemingly heading towards a bear trap after a succesfull bull trap. $6.9k level will be the deciding point for this battle...Should we slide to $5.9k and below, we are gonna be looking for a bottom...who knows where that may be, but it's not in the 5's i'm afraid.
Hi All, This is only part of the Bitcoin details analysis, to follow up my full details analysis, click HERE From This charts, similiar to previous charts, Bearish signal found where; 1. Tenkan move further than Kijun, this to indicate more downtrend line 2. Price move below cloud 3. Chikou span cross the price and move below the price 30 days ago. 4. Cloud...
Bitcoin price holds above 8080 trend line support, and 7680 pattern support two resistance levels that prove to be strong for now to hold the price in place for resurgence. Breaking the levels price poised to revisit low 6000s again. Mt.Gox influence still visible. Caution!
Trendiness can be your best friend sometimes... Perfect rejection of trend line and a swing down to my target. Another target hit and 40+ pips gained
Hi All, This is for Educational Purpose. This Post is not based on single charts above, more will come below to complete the Analysis. Let start with basic analysis on a day chart. 1. 2 Nearest Trend line with current price action is been made. a. Uptrend from old trend line b. Current down Trend Line . 2. 250 Days SMA and 300 Days SMA is use to identify the...
A lot of traders posted on march 3rd : " CUP & HANDLE CONFIRMED" !! Where is it now??? Well, market does not care about some picture that some guy invented. I think Market is not a picture, but a movement. This is why, "THE MOVING WATER" was born, my strategy, and does not care about these trading pictures. What do you think?
To become a good trader - Trend is the first think to know and understand; o Trend always stronger than channels, ranges so ever, o Trying to trade against trend is one of biggest mistake to do, which is sometimes experienced traders are doing o If you wanna understand the trend you should look longer timeframes; in forex you can use weekly or monthly charts...
We are sharing this simple but effective way of spotting chart patterns (flags, triangles, H&S etc). Hope it helps! Try to spot a few chart pattern on this 60MIN candle chart. How about now? This is the same chart! TIP: if you want to better spot chart patterns on a chart, try to reduce the timeframe of the candles and then zoom out the chart in the way...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum . You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil If you want to learn more about the basic rules to trade with my...
Meaning If the candle is bullish (white or green), the price dips down quite low following the interval’s opening due to the bears’ influence. However, the bulls gain control and push the price back up again, so the interval closes above where it began. If the candle is bearish (black or red), the bears take the reins and force the price downward. After they’ve...
Hello everyone! We've been requested many times to explain trading flags, so here is a quick video explaining on how to identify them and trade them! Flags are often seen as continuation patterns, so the entry points are usually on the breakout of the flag with the stop loss being set below the support of the last low of the flag. The theory behind flag patterns...
All in the chart. Don't have time for explaination, sorry. ------------------------------------- ** The 20 EMA in my chart is just for fun, i use a lot of other indicators to increase the accuracy. ** For any ideas or questions, tell me what you think in the comment section. Who am i ? I'm a tiny cryptocurrency whale, an emotionless chart analyst, and a...
DISCLAIMER - Your money is not in danger but guaranteed to disappear if you follow my trades. These ideas and trades are mostly for my personal use as a journal, but I try to provide as much value as possible to the community Cypher patterns supposedly have 80% completion ratio. This one worked flawlessly X - recent bottom A - recent top B - must touch 0.382...
DISCLAIMER - Your money is not in danger but guaranteed to disappear if you follow my trades. These ideas and trades are mostly for my personal use as a journal, but I try to provide as much value as possible to the community Cypher patterns supposedly have 80% completion ratio. This one worked flawlessly X - recent bottom A - recent top B - must touch 0.382...
DISCLAIMER - Your money is not in danger but guaranteed to disappear if you follow my trades. These ideas and trades are mostly for my personal use as a journal, but I try to provide as much value as possible to the community Cypher patterns supposedly have 80% completion ratio. This one failed X - recent bottom A - recent top B - must touch 0.382 fib...
Trading for Noobs.....(Noobs only please) So many opinions and so many different indicators where do you start?? When do you know when to buy and when to sell?? There is a very basic but 90% accurate indicator called the Macd. Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving...
Hi friends! Welcome to this update analysis on Cardano! Let's get it! Looking at the four hour chart, you can see that ADA/BTC has surpassed the original head and shoulders target that I gave, back on 2/15. Now, Cardano is continuing to head lower, in the direction of my second head and shoulders target. The second target, at about 1683, represents a retracement...