GNC Weekly Reversal CandleGNC created a weekly long tailed reversal candle that could lead to good profits. It needs to break $3.86 for confirmation, and the stop loss is placed at $3.12. First target is $6.50. Size accordingly to keep yourself in the game.
Doji
Ripple RippingRipple has remained resilient and avoided getting hurt by the tremendous pullback in cryptocurrencies beginning on December 22nd. It has shattered technical and psychological levels as it rocketed up to the $2 handle, where it now currently resides, decidedly stealing market share from Ethereum, usurping it as second in market capitalization, under Bitcoin. This is quite a departure from the $0.20 range where it sat for months boring investors who were taunted by substantial gains in other altcoins. Investors should be warned that we are currently at highs right now, so we can expect a retracement. We appear to be forming a doji candle today, which supports the fact that a pullback is near.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here !
BTCUSD: setting a bottom?When the candle of today (at time of writing the daily candle closes in 40 minutes) forms a doji or spinning top , it signals that BTCUSD is setting a bottom around USD 14,000
The case for a bottom is strenghtened by the lower shadows, which signals buying power, of the previous days.
spinning top: www.investopedia.com
BTCEUR: setting a bottom?When the candle of today (at time of writing the daily candle closes in 40 minutes) forms a doji or spinning top, it signals that BTCEUR is setting a bottom around EUR 12,000
The case for a bottom is strenghtened by the long lower shadows, which signals buying power, of the previous days.
spinning top: www.investopedia.com
EURAUD Daily Indecision Doji off TrendlineCould see a bounce here on EURAUD after its been pushed down pretty hard over the past few days. Risk off the bottom of the doji.
Vertcoin Indecision - 12-12-2017Today's doji reflects true indecision. Since it was halving day, this should not be a surprise.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
BTC Doji DayWe just closed a doji candle on the daily. This indicates some indecision. A break above 11200 will be a bullish entry and 10600 will be a bearish entry. The stop would be the other end of the doji.
My guess is that we break bullish. Ethereum is making a similar pattern.
$BTC prepare for $6KBTC could go lower. When it goes to the 100 day average it will be around be $ 6,000 ...
There is a 2,000 $ (!) Doji after the bull run to almost 11,500 $... The last big crash I remember was the run to an ATH of 1,100 $ ... that ATH fits easily in the doji of yesterday: food for thought
And it looks like the buy volume is getting lower and sell volume is getting higher.
EURNZD DAILYPrice now at a strong weekly resistance level, waiting for a daily close hopefully with a doji candle showing a chance of a reversal at this zone. Price may make its way back down to its uptrend line each blue line are my targets... Double top as well : )
Ascending Triangle- Price found support on the round number resistance 3x
- The fourth touch ended with two dojis(indecision)
- A triple formed with the doji’s (round number, trend line from ascending triangle, fib support)
- On the other side you have an HS formation with proper backup from the ema crossing
- would wait for a signal bar to enter
Ascending TriangleYou can see the price finding resistance on the horizontal line and its wick bounced back from the EMA.
Currently price is moving in an ascending triangle.
Price might move towards trend line due to patterns on the resistance zone.
Daily Resistance-turned-Support - Roses are red, violets are blue. I’m looking at these hot dollar charts and you should, too!
- This level was like a nightmare for bulls from Apr2016-to-May2017 before it finally break above in Jul, as you all know this resistance turned to support level so it's not surprising that the pair retrace from this area since 50% fibo retracement right smack on it, RSI is kissing oversold area, with that hot doji candle
- Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs 0.8000. If you’re no fan of the (Aussi) , though, then you could also wait for a break below the support level and trade a downside breakout instead.
Good luck brothas !
EURJPY Testing supportline in upward trend.I think a long position is relevant in this situation. There is an upward trend (red lines) and the price is holding at the supportline (dark blue line) from a few months ago. I also see a Doji. The stochastics is almost in oversold position and the day after the doji is positive.
AUDCHF Short IdeaDouble top forming potentially
Wicks telling a story
Really nice reversal candles forming at Monthly Res
EURUSD bounce at trendlineFX: a chance to trade. eur usd was drifting lower near resistance line in a correction wave. watch for reversal pattern to initiate trade @ 1.18200 to catch the uptrend. watch bullish engulfing bar /doji / morning star pattern to initiate bullish trade. TP1 @ 1.1867 TP2@ 1.1915 TP3@ 1.19752
Radium is it ready to go lower ?There are two quite visible head and shoulders formation on daily or weekly chart. THere are two gaps based on the weekly chart which are very nicely respected by current market. I market with yellowish rectangle the perfect rejection of the attempt to go higher. GAP erased all gains and pushed pair lower. I don't see reason why this pair couldn't go as low as 0.0005000. I wouldn't buy at this level anyway. It should touch 0.001000 level soon and let's observe what will happen next.
Doji followed by bullish reversalNear by support. Candle sticks are showing buy signal "doji followed by bullish reversal".
Clams this is madness :)This is daily chart on which I marked few important candlestick patterns. We can see here clearly three white soldiers, engulfing candle and doji candle which was rejected after trying to breach psychological level 10k. I marked on the bottom of the chart GAP based on the weekly chart.
I would expect for this pair to reach 0.0022000 level first and then 0.0058000 which give us very very nice risk reward ratio.
That candle marked with yellowish rectangle is very good signal that the previous bottom created strong support. This doji candle suggesting bullish trend.
''Trade what you see and not what you think''Validated confluences
1.Trendline broken
2.Support broken resistance validated
3.Doji star in resistance zone
4.Trend Trading monthly, weekly, daily bearish sentiment
5.Profit margin 1:3
