Chart patterns are the foundational building blocks of technical analysis. They repeat themselves in the market time and time again and are relatively easy to spot. These basic patterns appear on every timeframe and can, therefore, be used by scalpers, day traders, swing traders, position traders and investors. There are 3 types of patterns, depending on how price is likely to behave after completion: reversal patterns, where price is likely to reverse, continuation patterns, where price is likely to continue its course and bilateral patterns, where price can go either way, depending on whether it breaks to the upside or to the downside.
The measurements of the chart pattern can be used to project the next price movement and what target to aim for. These patterns can either be traded aggressively (with less conformation) or conservatively (with more conformation) so the rules of entry and exit can vary. It's easy to calculate the reward / risk for them, which is important to know before entering a trade.
One day Bitcoin is breaking out for the next leg higher, and the bull run has begun, two days later, the sky is falling, sell now and buy lower. You have to be kidding. The best was one group I follow on Facebook as a sentiment indicator, who sold recently and is posting "where are you adding next, I have my levels, where are yours?" Ohh brother. You think the...
Hi there,
USDJPY is still in correction against the very nice fall very have just witnessed. We are anticipating the same fall on current price. US major averages are about to form new highs and drop or at least correction is about to happen on stock market. That drop or correction will give as a very nice wave on the Yen pairs. The way we have already seen just...
Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the weekly BLX chart, we can see tat Bitcoin continues to struggle at overhead resistance. That resistance is the weekly 50 EMA (in orange,) which is intersecting exactly with the 61.8% Fibonacci retracement, which is produced from the decline from 6000-3000. We also have big...
Current movement sucks a bit :), difficult moves to predict, so normally i don't want to do anything. But to give you something to work with, i am going to do an analysis with a few scenario's, for the bulls and bears.
1) I have drawn 3 charts here. The one on the left, is already moving as suggested past hours. Made that last bounce up from that curved line. My...
Still on same short view guys, Now BTC is painting a BAT pattern, we should keep close eyes on the mini rising channel where the BAT inscribed in, if price keep holding below the previous high may signal huge dump ahead.
My advice is to be a shorter right now with tight stop loss rather than be that guy that see only Long. Lots of divergence on almost all...
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For those who have been following our updates and charts on Telegram, you remember that we've posted the same chart back in December 2018 pending the completion of the green IH&S. At this moment, the market seems to...
To follow our analysis, this trade is still valid to us!
EN: 5060 or Current price
SL: 5590 ($530)
TP1: 4460 ($600, RR>1)
TP2: 4160 ($900)
LESS IS MORE!
W1 cycle,USDJPY is running inside the triangle,
Price breakthrough triangle can be considered buy in,
Price at 112.50 appear short K line shape, just short.
108 is a strong support level,
Short TP, Long entry.
Follow me !
Show U The Money !
----------------------------Ronnie 2019.4.19
Good morning, traders. Many were scared off by yesterday evening's little drop. As we can see, price bounced just above the pivot closing above the 21 EMA once more. The short double bottom target, of the swing high denoted by the purple line/R1 pivot, remains at this time. The 4H Stoch RSI is nearing a bullish cross in oversold. RSI remains bullish at 56.8.
The...
Gold has been declining since mid February and the 1,346.79 High. If this pull back has been purely technical then the important test on the 1W chart has arrived as the price is on the Higher Low region.
What is more interesting is that last time Gold tested a weekly Higher Low on a similar pattern was in December 2017 and the rebound was so strong that gave way...
Using FIB circles and pitchforks I give a time frame when I think our next drop in bitcoin will happen. I still believe we will drop 65%, this video just gives us a rough estimate when we can expect this drop in the price of BTC.
I am on YouTube as: OPTICALARTdotCOM
For a walk through of this chart, search on YouTube for: Date bitcoin will drop 65%
If you're looking for what's hot in crypto, this coin is the one...
Price action is suggesting that resistances are being broken (yellow zone), and supports are being respected (green zone)
Now all we gotta do is enter on retest of resistance as support and target all the way to range high
- Partial profit taking at mid range level
Dear Friends!
Or?
No matter what this one is a pretty easy! D4rkEnergY will guide you - he cares about you. His mission is to MAKE YOU RICH!
We here have an ascending wedge, which normally would mean, we would go down. And it is definitely as possibility! But wait - Because Bitcoin might have a different hidden plan. It has escaped the down line, and take a...
#XRPUSD (Daily TF) (Bitfinex)
LOOKING Strong Above 0.31$
May Will Be The Month Of Ripple Bcoz Its Ready To Breakout After Longtime..
My Target For Midterm IS 0.58$
Note : If Btc Remains Stable & Bullish then We Can Expect It..
Hit Like On This Idea,..& Follow Me For More Like This..
Thanks
Williams Percentage Range Strategy
The trading rules for the Williams Percent Range strategy will be outlined in this section.
When day trading you need to eradicate all the uncertainty around your decision making process. This is why we have developed the Williams percent range strategy, a based-rule system, that can get you trade from a place of personal...
I see a lot of other posts detailing how bitcoin is going to fall back down to this $4500 level right away. But that formation really tells a different story. Could it happen? Absolutely. But check out that formation. I don't see a double top or exhausted sellers, I see slow steady buying slowly pushing higher while the sellers are exhausted. An ascending triangle...
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