Perhaps a Bowl figure will be formed (Saucer, Rounded Bottom). Target of the figure + 110% Price at historical minimum. 4 months in lateral movement. Price begins to rise slowly. It seems that we are at the beginning of the 3rd phase of the formation of the "Bowl" figure. The first Sales Goals are the “Bowls” resistance level zone. 600-670 satosh. Further on the...
Dollar is having some nice pullback here, which provides potential sell-high trading opportunities! Here we got this 4hr supply zone, AB=CD , 0.618 fib retracement combination short with a 1.1500 fig spot. So many convictions to take this trade! As a with-trend trader as always, I still would like to wait for reversal sign there to be the final trading signal...
BITFINEX:BTCUSD Dear friends, I go on my big experiment. In the previous training post, I wrote about Kagi chart. I described its properties and major signals. Next, I started testing it, applying to my daily crypto analyses. Results of work with Kagi Last week, I was actively testing Kagi, using it in my cryptocurrency price predictions. (ETHUSD forecast,...
Chart is beautiful because is a complex amount of lines and construction!
At the moment, we see on the chart that the pair can not overcome the level of 1,1730 and fluctuates in a certain range. We can consider passing the level of the lower boundary as an upside-down "head and shoulders" figure , and peaks regarded as the formation of a "double top". Therefore, given the figurative configuration, we expect a downward movement in the...
According to our pair, there are a lot of publications and articles claiming that we are seeing a downtrend and the price is in correction. If we consider our technical indicators, then on the MACD histogram we will really see that we have come out of the histogram and at the moment we have a signal to sell the pair. When we look at Stochastic on a 4-hour chart,...
TWTR rallied 2 days in a row after its 3Q result. I'm not trying to pick the top, this trade is more for a long position to take profit than opening a short position. There is a daily bat pattern in front of the 24 fig, which probably has lots of sell limit order there. If there is a reversal sign near 24, I believe it's a good idea for the bull to take some profit!
USD/CAD is bullish by the way ;) By using the Point & Figure Chart can easily help you make easier decisions on finding support and resistance. As you can see on the 60m chart for USD/CAD the pattern along with price movement breaking out can't get more prettier to look at. If you are new to Point & Figure Charts I would suggest doing some homework. They can...