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Chart-patterns

GJ - MONTHLY TIMEFRAME PROJECTION + ANALYSISPrice is now hovering in a Fib from the previous high on the Monthly TF. It has reacted to it and dipped but I'm not too sure how it is going to continue reacting for the time being. I only trade 1 or 2 pairs max at a time and GJ is one of them but i won't be entering until it breaks out indefinitely or shows me some kind of direction/bias. It can either respect market structure and continue to make a LH and continue bearish or it can remove all liquidity and continue bullish (Which makes more sense). It looks too pretty to be bearish - So I am favoring it to go bullish at some stage. Again - I'm not sure when but I have a couple areas that I'm waiting for it reach and give me confirmation at on the lower time frames (Haven't uploaded yet). And just like AJ It depends on the depth of the pullback and how much liquidity is sitting beneath price currently because its looking like the most cost-effective path for the banks to take price higher and remove all sellers. Disclaimer: This is how I personally draw my charts and it's the first time I have started posting them. So, if there's not many drawings or explanations it's because i don't write them all out or draw them all out for my own analysis. I like my charts to be quite clean so i put as little on them as possible. :)
Long
by Pmilanoxx_
Ren usdt limit short trade idea Greetings from Team : Trading The Tides. lets discuss a short sell opportunity on (REN/USDT) Target area for initiating short :0.11 DCA Limits : TP :0.09 SL : not yet .using hedge mode Hold Time : short Technical Chart Pattern: rising wedge Posible liquidity area : Exchange:binance Rules : We use big capital with less leverage . Max leverage : 3x Better take trades with 1x. We only post the exact setup we are following for the trades . But DYOR . Not a Financial Advice ! From Team : Trading The Tides Like , Share ,Follow Thanks a lot and see you soon on the next trade .
RShort
by xairuq
2
Can BTC Go Back to the $20k Zone in the Coming Week? 😣 Nov 11Bitcoin broke all major supports on Wednesday after it fell by 15% to hit a new 52-week low at $15,600. This fall came after the collapse of FTX, the main trigger for the deep sell-off. Earlier this week, Bitcoin was trading at $21,500 before it fell to $15,600 in just two days. Although traders are rushing to buy this new low, it is important to confirm if there are any signs of a reversal! In the 4-hour time frame, we can see that Bitcoin is approaching the previous support zone at $18,500. It is too early to say if this is a reversal as it could be a bearish retest of the breakout zone. This is why traders should wait for the price to reclaim the resistance at $18,500 before taking any long positions. If the resistance is reclaimed, traders can expect the price to go back to the $20,000 zone in the coming week. However, if the price is rejected by the resistance, it will be seen as a bearish retest, and a new 52-week low could be hit in the coming week. The major points of interest are $18,500 and $15,600.
by CoinMarketCap
BTCUSDT: Was It a False Breakout? 😳 | Oct 28, 2022A strong breakout can finally be seen in BTC after it broke the resistance at $20,000 on Wednesday! The long-awaited breakout was seen after multiple attempts, and it has now opened a new range for Bitcoin to trade in, with the upper barrier being at $21,800. Earlier this week, the SPX rallied strongly which helped Bitcoin break the long-standing resistance. However, at the time of writing, the price is retesting the breakout zone. It is very important for the price to sustain over $20,000 to keep the bullish view standing. If a successful retest is seen after the price is able to bounce back from the support level at $20,000, traders can expect a positive week ahead! However, if the retest is unsuccessful, traders should steer clear of any long positions until the $20,000 mark is reclaimed. They can also expect the price to fall back to $19,000 if the breakout does not sustain (perceived as a fakeout). Until the retest is successful, we cannot rule out the chances of a false breakout, and for this reason, we will be maintaining a neutral outlook for this week! The major points of interest are $21,800 and $20,000 . Remember that this is all based on the subjective views of the writer. As always, DYOR! For more expert analyses, check out our Trading Analysis section (link in bio)!
by CoinMarketCap
ETHUSD: Is Ethereum Reaching $1,700 Soon? 27th October 2022This week, we will stick to the 4-hour time frame to analyze the price action in detail! Bitcoin has finally broken out of the stringent resistance at $20,000. The price of ETH had been ranging between $1,400 and $1,280. This zone was broken with a push that came when Bitcoin broke its resistance. This resulted in Ethereum trading over 5% higher on Wednesday and making way for higher targets for the coming weeks! If the breakout is sustained, traders can expect the price to test the supply zone at $1,700 soon. Conservative traders can wait for the price to retest the support at $1,420 before taking any long positions. It is important for the price to sustain over $1,420 as a fall back into the zone can be viewed as a bearish false breakout. At the time of writing, the RSI can be seen in the overbought zone which is pointing towards a small pullback to the breakout zone. Traders can expect the rally to continue as long as Bitcoin is trading above the support at $20,000. For now, they can set a target at $1,700 with a strict stop-loss below $1,400. The important price levels for this week are $1,420 and $1,700! For more expert analyses, check out our trading analysis section! (link in bio)
by CoinMarketCap
CANDLESTICK PATTERNS BASICS | Engulfing Candle 📚Hey traders, In this educational post, I want to discuss with you one of the most accurate REVERSAL candlestick patterns - the engulfing candle. On ETHUSD chart, I spotted for you bullish & bearish examples of this pattern. The logic behind this pattern is quite simple: ⭐️In a bullish trend, after a strong directional movement, the price reaches some important structure level. Growing steadily and forming a sequence of green bullish candles the price suddenly forms a strong bearish candle. What is particular about that candle is the fact that its total range (distance from the wick high to wick low) & body range (distance from body open to body close) exceed the ranges of a previous bullish candle. 🔻Such a candle we will call a bearish engulfing candle. Most of the time it signifies a strong spike in selling volumes and willingness of sellers to push. With a high probability, such a formation leads to a pullback or even a trend reversal.
by Mr_HaMza_
Ultimate Candlestick Cheat Sheet For CryptoHello, traders! Here is the cheat sheet for the candlestick patterns. They are divided into five groups: -Bullish Reversal -Bullish Trend Continuation -Bearish Reversal -Bearish Trend Continuation -Neutral All these common formations you can see on the chart but first of all you should understand what has happened on the market. When you are looking at the candle a lot of useful information can be received. For example if the candle have the long wick to the downside and short body ( hammer ), it means a huge bullish pressure and this is a reversal to the uptrend sign. When you have three stars in the South formation it is can be noticed that the wicks to the downside are long and bodies became shorter. It means the weakness of the downtrend and also the sign of the potential reverse. If the candle have a very small body ( doji ) this indicates that the market is in indefinite situation. Bulls and bears war did not lead to price changes and future price direction is unknown. Do you use the candlestick patterns? Please write your comment and give us a support with like if you like such cheat sheets! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
BITSTAMP:BTCUSD
by Mr_HaMza_
1