You can see the triangle fits last turnzones pretty straight,
coming zones (red or green) are standard triangle technique
based and show you higher probabilitys for either of possible scenarios.
Happy Trading!
ZEC is looking great, symetrical triangle with no hidden bearish or bullish divergence. How are you able to profit of this trade? Just follow the price! Look for a bearish or bullish breakout, its a very easy TA to do for beginners.
Keep an eye open, if the volume increases and a breakout is happening, short or long, depending on the side of the breakout.
I also...
I am not in the position yet, but this looks like a nice setup for the upcoming week. We will wait for price action at the bottom trend line. There is not only this trend line, but also a support zone. And since a bouce is more likely than a breakthrough, I will be searching for a good entry point here and putting SL under the lightblue support zone.
Didn't thinkg the falling wedge pattern was gonna play out after the market seemed to have stabilized vertically for a bit there after the breakout, but I don't know maybe it's a 'delayed breakout' if there is such a thing.
Anyway, if this does play out based on the height at the base of the wedge that puts the target at around the 0.012777(ish) area.
I am...
Following the breakdown from that triangle pattern, the pattern height tells us that this could be the new local low for NEO.
Still waiting for a proper buy signal, the market has definitely lost steam from its last bull run and needs higher volume levels, and ideally breaking back through those higher fib levels.
Lines in red are the next support zones in the...
Looking at Tron from a basic understanding of wedges you can see how it is downtrending but there is still support underneath it.
Tron looks like it is going to break upwards. I think that this current drop that we are seeing is temporary and will not affect it long term. I am not going to sell but will buy once it hits a low of 0.95 cents before it breaks again.
Overlaying currencies your are interested in or invested in is a great way to quickly make decisions. By changing the thickness and colour of your lines you can highlight those you have funds in.
A beginners guide to Fibonacci retracement.
What is Fibonacci retracement?
- "In technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%." - Investopedia
In english?
Fibonacci...
From the previous two historical cycles we have seen within the Bitcoin market we have seen the market price drop:
1st -68% over 7 days
2nd -51% over 14 days - where the market rode up then fell back down to the -51%
Currently the cycle is in the falling phase globally however this consolidation period will be closely watched by traders and oscillations will...
You knew I was coming.
How many times have you heard it? or, How many times have you said it?
I hear it all the time.
"Hey I lost a lot of money, I need something to make "fast profit"". Ok... STOP.
Let me make it easy for you. If you look up the Merriam Webster dictionary, and search for "Fast Profit" under the Cryptocurrencies category, yes right there to the...
Look at the following chart:
Notice that when the candles form a large stick on top (basically the candle is pointing downwards), then we have a few candles of resistance or pullback.
In this example it isn't so obvious, because this coin right now is in a very strong run, but you get the idea.
After the first candle closes and give you the signal, you can...
Hello my fellow crypto-traders (my dearest souls). I want to share with you a very simple but powerful strategy. A strategy so simple that anybody can use with no knowledge or background in trading. After just reading this educational idea, you can use it forever and ever, or use it as a stepping stone to learn even more. Let's get started.
Here I want to share...
