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.
It really looks like it has become time for a big upwards correction soon. The bears seem to have lost strength, their conviction seems to be gone the past week and when looking at certain factors, it seems like bulls are slowly peaking over the fence to if reinforcements have arrived on the other side of the war zone. These bulls are also starting to see these ...
Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it.
Looking at the daily BTC chart, you can see that not much has changed since yesterday's analysis. However, there are subtle details that are noteworthy. As you can see, I have the candles of the past three days circled. That's because the current candle formation looks like it's ...
In the previous analysis i described 3 scenario's, which covered almost every possibility from that point on, but still the market chose the road that did was different than these three ;). Anyway, we had that higher low with the small bounce up to 3400ish again, but after the bulls lost momentum i gave a small warning about testing the lows again. So the first ...
Hi people, hope you have good trading week!
So, I found similar crash pattern on STRATIS, and it consist of
a-b-c-d-e-f phases by now.
In a phase we can see major bullrun.
In b phase we can see 70% drop from ATH (you can measure it on chart using Shift+Click)
In c phase we can see correction from phase b drop, and making new lows in zone where phase a was ...
Good Day LOVE... And it is...
Hit LIKE and we start with some phrases coming out of the money people in this reality... And these people have lots of money; let's see what they have to say to newcomers like us (crypto-traders):
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the ...
So goes Bitcoin', so goes the market. Regardless of the coin, with very few exceptions, the market is trading as a sector and very much correlated to Bitcoin'. No different than how the NASDAQ is heavily correlated with Apple' Amazon' Microsoft' and Google'. Or how the semi conductor sector is pretty much correlated. Most of the charts look the same. So why in ...
Hi friends! Congratulations to my Twitter voters, who came in first place with their vote for a Cardano analysis! Without further ado, let's check out the daily ADA chart!
Looking at the daily chart, we can see that Cardano is in a downtrend channel (in blue.) You can see that, much like BTC and others, the 10 EMA (in pink) has been acting as resistance, since ...
Well the previous analysis was awesome :), getting one of the few coins that made a big pump during this weekend reaching it's target very quickly. At the moment it seems like we are moving inside of a bull flag which has a target around 29.50. But when we zoom in to the chart on the right, we can see it does not look that pretty. Looks more like a bullish channel ...
The bears have failed at the first attempt to the support of the 2018 low. There was simply not enough selling volume. Now before we get too subjective, bulls or bears, this volume behavior is pretty standard inside of a triangle. Let me explain it a bit more since some might not understand it exactly.
What do we usually see inside of a triangle like this? We ...
In my usual fashion, I have perfectly called the timing here! If price continues to have momentum above the side-wards resistance level and use it as a support level, then this is an obvious time to get into the trade, not only this but you'd have a great RR ratio, and a clear and defined stop loss level too. I highly recommend waiting for this level, unless ...
Trade Pair: BTC.USD
Time Frame: Daily / 4hr
Predicted Direction: Long ( $4,400 )
BTC.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
The Trend Follower Strategy has just sold USDCHF at 0.99753. The system recommends entering this trade at any price between 0.99626 and 0.9988. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.50427. This suggests that the USDCHF could be trending downwards.The 14-period Average True Range on a daily chart is ...
Hi friends! Welcome to this update analsysis on Litecoin! Let's get right to it.
Looking at the daily LTC chart, you can see that Litecoin has broken out above the 15 EMA (in pink) which has been acting as resistance during the current downtrend. Additionally, the previous candle and the current candle are showing increasing buyer interest. The MACD is expanding ...
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