Pair : #DNT / #BTC
Trading Platform : #Binance
RSI : 59
TA Notes :
- MACD : Looking bullish on the daily chart.
- RSI : Looking bullish too for the short the short term being in a neutral position form but going to move towards the overbought area in the mean time.
EMA : Already below the price level indicating a good reversal bull...
Pair : #REN / #BTC
Pattern Creation : On the daily time frame of REN and BTC pair on Binance we have seen that a creation of a bullish engulfing candle stick with a good shape of a falling wedge. It is still trying to break out from the falling wedge and can't be considered as a confirmed call unless we see a close...
A Bullish 5-0 pattern staging for a bigger trade setup. An opportunity for me to engage on a longer-term trade, however, I do need a bullish engulfing candle to close to engage.
Do note tomorrow is a non-farm payroll data release. Traders who aren't comfortable should wait out for the news and usually, I will engaged 15-45mins after the release of non-farm payroll.
EURUSD broke an important level of resistance this morning. The price is testing the same level and buyers reacted forming a strong bullish engulfing pattern right on the previous level of resistance. Easy setup with this trade, with a standard stop loss below the candlestick pattern and take profit above the previous swing high.
As described on the previous idea Bitcoin has hitted a strong support level.
Here is a example what it would of been a great entry.
On the 1 hour TF the market had given us a Bullish Engulfing candlestick formation with a increase in volume and after that the market went up.
Alway wait for the right entry.
Here it was:
1) Bullish Candlestick Formation
Bullish engulfing completed after the resistance broke. This is confirmation from price action for the bulls to resume.
For this type of setup stops are best placed below the engulfing bar and the target is at least 1:2 risk to reward or next resistance level (if it has good RRR)
Don't invest what you can't afford to lose. This is not investment advice....
time to buckle up and enjoy the ride! We have currently retested the double bottom neckline and should confirm a daily higher high on the next 1 day candle...that along with the 3 day golden cross and the weekly closing as a bullish engulfing candle means there are bull signs everywhere! There still a slight possibility on this first attempt to trigger the double...
Downtrend over last few weeks may be over as todays bullish engulfing shows signs of reversal. Watch for break of 0.35 to confirm bull break from falling wedge. Close above 0.35 would also be a hammer on the weekly chart. Good buy right now with strong support at 0.30, price target at recent tops of 0.51, potentially higher with any good news releases.
I was anticipating we would break out of the wedge slightly lower here bu considering the previous 4hr candle closed as a bullish engulfing candle we could close the current one above the wedge and maybe even break here...if no I anticipate the 9924 horizontal will be the zone we break up from. I still think its quite likely we will be retesting the 1 day 50ma...
Each Bullish Engulfing candlesticks formations since the beginning of 2019 was followed by yearly highs. Still Bitcoin's market indications showing a possible upward trend continuation to the next strong resistance at $9800 and $10000 for the shorter term. Inbox us for more discussions and subscriptions.
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Simply put, our weekly candle just closed as a bullish engulfing candle...that means that it covers the entire previous weekly red candle and more. This is almost always a very reliable sign of incoming bullish action and I would think even more so on the weekly timeframe. I'm most certainly bullish and think 9.6k-10k before our first real 31-41% correction is...