As we can see, BTC broke through the resistance line, but then the price fell again. Most likely, the price will drop to the triangle support level, bounce and test the resistance line at $ 60,000 again. Most likely, a breakdown of resistance will occur and the price will consolidate above $ 60,000. If you like the idea, subscribe. Good luck and big profits.
As we can see, BTC broke through the resistance line, but then the price fell again. Most likely, the price will drop to the triangle support level, bounce and test the resistance line at $ 60,000 again. Most likely, a breakdown of resistance will occur and the price will consolidate above $ 60,000. If you like the idea, do not forget to support with a like and...
The candle has broken and closes above the bearish channel on its daily chart, it shows a potential change of trend, on top of that the Bullish Bat Pattern is about to form up. I will wait for candlestick confirmation at 1.2518 for a trend reversal trade.
If you are a Harmonic Pattern Trader, allow me to ask you 1 question. Why is this trade setup not a Gartley Pattern, not a Deep Gartley Pattern but if it forms up it will be a Crab Pattern? It is easy for one to read up and claim proficiency in the area, but what's more important is that you are able to identify the difference and avoid unnecessary losses. The...
Just Hold and Wait....... its not a financial advice .... Education purpose
Big Price Move For Bitcoin This Indicator (Bullish Gartley) A popular price-chart indicator known as the Bollinger bandwidth suggests bitcoin could soon chart a big move – up or down. The leading cryptocurrency has spent the better part of the last three weeks trading in the range of $50,000 to $60,000. The consolidation has worsened of late, with bitcoin bulls...
Trendline - 1 of my favourite tools I use for trading, it is suitable for most trading situation and when using right, it can be a leading indicator. As long as the candle didn't close above 0.7043, the bearish trend stands. Breaking and closing below 0.6997 shows that the strength is having a strong bearish run.
A trend trading opportunity on the daily chart is a product of a bearish run on the daily chart(link below) that I've shared on last weekend. Congrats to those who have taken action on the trade. Stop-Loss goes below X with our designed buffer. If you have attended our webinar on 28March, you can start to apply trendline on this setup.
WMS has a significant mark-up phase if it can break supply, and hold demand above the $111-$113 range. First, let us take a look at the red-on-red filled candle (highlighted yellow) at $111.11 open from 02 March 21 When back testing the resulting move following a breakthrough of similar candle-based indications, the price action has continued into a steady...
I marked some levels in order to see how utilizing specific time frames can assist with determining price action's next move.
A confirmed bearish bat pattern on the daily chart on GBPAUD as a trend trading opportunity. I'm waiting for a retest at 1.8241 on GBPAUD's 4-hourly chart to engage for the shorting opportunity.
This is not the usual head&shoulders formation that I trade, it is because it didn't meet 1 of my critical criteria. But in this case, if the market retrace to 0.7599 and didn't close below 0.7591 on the 1-hourly chart, I may still consider to engage the trade
Consolidation reacts very differently on the USDJPY chart than other pairs, when consolidation happens on USDJPY, it could mean that the market is taking a break before the continual movement. I'm waiting for a buying opportunity at the key support level at 110.39, stop-loss will go below the blue box with our in-house buffer.
While GBPUSD is on a bullish trend, there is a counter-trend trading opportunity on the 4-hourly chart. A bearish Bat Pattern completing at 1.3965 for a shorting opportunity, but first, the market has to break and close above 1.3855 to make it even possible.