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Harmonic Patterns

Michael Saylor Twitter Strategy DumpPump BitcoinHello People !!! We have all heard of Michael Saylor and we can say that we are your followers on twitter that every time he posts that he is buying bitcoin then we go too. But the main fact is that how much is the possibility that he is dipping bitcoin at a price we can not predict? Since as far as I understand every time he is buying it becomes a 5% climb and a dump of 14% is this the most powerful purchase and the whale that we should emphasize? During the month of March he may have made 2 purchases meanwhile already in April on the 4th he made a purchase of 15 million dollars today is the 7th two days back he bought the bitcoin prices for 59k ... The question is did he sell that the price has dropped? Of course not, and I do not even think that he has sold his shares for nothing and that in fact there could be another greater risk if he sold them as we are leaving buyers but the holder of 92k bitcoin is in the game we hope that the next purchases are in a dip of 50k as the return of bitcoin is expected from 50k ... Twitter is one of his strategies to decide the buyers we are entering, you are getting a chance and you to enter.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn11720831
1
How does volume REALLY works?Volume is one of those indicators that remain as part of the standard palette of essential indicators (if there is such a thing), and yet, from intermediaries, brokers and exchanges, they teach you how to use it incorrectly. . Ultimately, as with most misconceptions, it is perpetuated by group mentality and dogma, and makes traders who use them fail. However, it is logical, these entities are not traders, they are programmers and financial agents who sell tools, and therefore their knowledge is limited to a logic that may or may not be the one that the market follows. So how is volume actually used and how can a trader take advantage of it? We are told that the more volume, the more likely a price movement is to occur. Some limit themselves to saying that when volume appears in a downtrend, it means that it will change, since the price has fallen to an interesting level for buyers and this new demand will raise the price. Others directly link more volume with more force in the direction of the trend. From my point of view both are wrong, The only thing that indicates the volume is the probability that there is a change in volatility. Let me explain: Suppose that in a port they are selling fish in several stalls, and there are 10 sellers and 10 buyers. In this situation, the price will be balanced, since there is one buyer per seller, neither the sellers are motivated to lower the price nor the buyers to offer higher prices. for what? if everyone can already buy their piece and go home. If the situation were that there would be 8 buyers and 2 sellers, then the price would not stop rising; The 8 people who want fish could only get it from 2 people, and therefore, they would offer to buy it at a higher price so that one of the two sellers can decide and sell it to one of them. However, here is the first problem: in trading, the volume does not tell us how many buyers and sellers there are, it only tells us the total amount. If I don't know how many of each there are, how am I going to be able to use that information to know where the price is going to go? If in that scenario where there are 2 sellers and 8 buyers, there are instead 20 sellers and 80 buyers, would the situation change anything? There would still be a ratio of 1 to 4, and therefore the price would continue to rise, since in essence, there would still be 4 people wanting to buy for every person who wants to sell. The same happens if there are 200 or 20,000 sellers, while in return there are respectively 800 and 80,000 buyers. What marks the variations in the price are not the people, it is the PROPORTION between the type of participation of those people. The only thing that could be used as a price prediction is the knowledge of that proportion, but in volume it does not show it. That said, one might think that the more volume, the more volatility there is, and, for example, it could be used to buy or sell volatility in options contracts or directly by making a "grid" with other financial products, but from my point of view it is precisely otherwise: What makes the price move is the breakdown of that harmony between buyers and sellers, regardless of the number of each of them. Following the previous example, suppose there are two markets in the port. In one of them there are 100 people and in the other 10, and we do not know who buys or who sells in each of them. It happens that a person enters each of the markets and we do not know if he wants to buy or sell. In principle, we could not say that these new people will raise or lower the price, but if we look at it from a mathematical point of view, in the first market with 10 people, one person represents an increase of 10% of the participants (1 / 10 * 100) but in the market of 100 people, it is only 1% (1/100 * 100). This means that in the first market the price is more likely to change, since the moment this new person buys or sells, it would generate a 10% disproportion between supply and demand, and yet in the other market , it would only be 1%. The percentage that represents a supposed new participant in the market tells us if greater volatility can occur.
Education
by jonfuentesX
5
DEADLY Accurate levels from Monthly log. Spider LinesThis chart's support and resistance was inspired by Crypto Face's spider line drawing method, I took candles from the monthly time frame and toggled 'Log' and drew the lines all the way from the first BTC monthly candles. I took every Monthly candle and drew extended rays, first point coming from the top of the first candle low candle of each cycle, second point on the top of nearest ATH at the time. By rinsing and repeating this process through the whole duration of BTC's lows and few ATH candles, this chart was born. You can clearly see that price action reacts very strongly to these levels. You could solely rely on this chart, but it would be best to pair with other TA in my opinion. I have not tested this with other cryptos just yet but I plan to in the near future.
BITSTAMP:BTCUSDEducation
by keyzfullport
2
100 ways to read a chart Especially for beginners it can be very confusing to interpret a chart ... patterns, indicators, oscilators. SDMA, EMAs, Fibonacci. If you are interested, I would be happy to go into more detail about individual tools and setups, but today I will just give an overview of which tools and types of trade are available. Timeframe Trend trading months to years Swing trading days to weeks Intraday 1 day Scalping seconds-minutes Different markets Forex Stocks raw materials Indices Cryptocurrencies The main technical indicators Simple moving average (SMA) Exponential Moving Average (EMA) Stochastics Relative Strength Index (RSI) Commodity Channel Index (CCI) Moving Average Convergence / Divergence (MACD) Bollinger Bands (BB) Chart types Line chart Bar chart Candlestick Chart Point & Figure Chart Renko chart Three line break chart. Kagi Chart. Heikin Ashi Chart. Trade setups basic types Continuation Reversal Sideways Break out My personal preferences EW Algo's Pattern Price action EMA's MA's RSI MACD KDJ TAR Stoch BB Pitchfork Gan The world of finance is diverse. It is very important to choose a style that suits your psyche, preferences and the amount of time you want to spend. I would be grateful if you support my post whit likes and comments Have a nice trading day
Education
by TR7z
32
"Trade what you see, not what you think!"... and try to find multiple-100s of pips, even in over-manipulated junk such as the USDCHF. Let's see if it's possible... The title chart is the USDCHF Monthly, as it stands at the end of this quarter - 03/2021. What is the story here?... It appears that this pair is rather predictable and has been obeying all the major support/resistance levels (PRZs), going as far back as one cares to look; It is also clear that this pair continues to do so despite the relentless manipulation (money printing) of the SNB; That massive 42.5% jump of the CHF vs. the USD, between 2009-2012 (which has not been recovered since), ... ... back when the whole world seemed to come apart ("The Great Financial Crisis" + European Sovereign Crisis), the Swiss Franc still remained one of only two, true Safe Haven currencies in the entire world! (beside the Japanese Yen and despite every imaginable liquidity constraint.) Fast forward to the Covid Pandemic ... ... and the Franc did it's thing , once again, with an immediate +11.5% rise versus the USD, again, in what appeared to be the end of the (financial) world. However, several more things are noteworthy during this period; - Had the SNB paid attention, they would have already known (or at least expect) that the support zone which formed back in 2014, at 0.8750, and which prompted a strait and virtually immediate -17.5% slump in the Franc vs. the Dollar, would stop and hold back the continued and "uncomfortable" advance of the Franc, this time around, as well; (The decision makers at the SNB are no different from the rest of clueless bureaucrats, typical for any other Central Bank lackey, anywhere else in the world. The only difference may be that they tend to have longer-term mandates and tenures.) - Had they paid attention they also would have found it to be unnecessary to increase the printing of the Franc by a whopping +29% month-over-month (CHF60 Billion per), right into oblivion, or at least until they shot strait to the top of the pile and became one of the largest public investor in the Nasdaq100, scrapping 800+ years of Swiss tradition and thus tying Swiss fortunes to the likes of Apple and Netflix. - Had they paid attention to their own history and tradition, they would have also realized a couple of fundamental truths; 1) No amount of printer ink will stop the worlds love affair - well in excess of Swiss GDP - with the Swiss Franc, any time when the the end of the world is nigh; (I.e. The reliance on Swiss resilience and frugal nature.) 2) With a Swiss ruling class (top 5%) having more wealth than any other nation on earth (in relative terms), reclusive, invisible and may be even boring as they may be, they will have their Central Bankers' heads on a pike (all the heads on one pike; The Swiss are frugal) way before any of them can do permanent or even lasting damage to the Swiss Franc and well before they can all shout "Mein Gott!" (or "Mon Dieu!", dependent on the particular central banker's regional origins). Just in case should any of the above appear to be idle speculation, here is a gentle reminder; Does anyone recall Jan. 15, 2015? - When the SNB unceremoniously pulled the peg to the Euro, without any further (or previous) ado! Enough said. The Franc has been in a heavy uptrend vs. the USD even before the Covid Pandemic; Moving on... As it currently stands (at the end of March, 2021) the top three FX Carry Trades are; USDCHF USDJPY EURUSD ... in order of skew - lopsidedness. (check the C.O.T., FX positioning, etc.) The Euro most likely being a transient phenomena , much like the ad-hoc, incompetent, protectionist, paradoxically conceived unionist nightmare of a Trans-national alliance which issues it... Not a factor. (The next, not-too-distant Euro-crisis will have to attest to that.) - And, as always, that leaves the Japanese Yen and the Swiss Franc, once again, as the only remaining Safe Haven currencies of any gravitas. Clearly, liquidity is a determining factor here and that leaves the Yen as the only Safe Haven currency with any substantial (i.e. Global) shock absorption potential, as this chart should underline the notion; - As for the Swiss Franc... For one, this Monthly Chart illustrates several of the above catalogued fundamental thesis. Simply put, the USD was an obvious and helluva buy vs. the CHF, ever since following the Euro Zone's Sovereign Crisis where, in crisi-upon-crisis, end-of-the-world situations (such as a Pandemic), the obvious maximum pain-threshold of the Swiss National Bank lies in the 0.8750-0.8800 area vs. the USD. Clearly, that is the area where they are likely to go all-in, given any prolonged future appreciation of the Franc vs. the USD. The rest of the fluctuations in this pair are simply the product of the musical chairs methodology applied as (or rather: instead of) the"economic stability" mandate of the 18 or so Central Banks around the world which may be soon to be the proud parent/owners of 60% of the world's newly socialized, Soviet-style economies. - And, as has been established above, this pair presently being one of the premier Carry Trades. So, what is the play here, if any?... Having established somewhat of a fundamental picture, what are the technicals here? The Weekly Chart; ... clearly shows that the CHF tends to move (or rather: be moved by the SNB) in strait, predictable drives, respecting Quarter Point targets along the way. (OK, so the Swiss are anal. What a shock!) This whole technical picture stands the reason since all movement here, in this no-man's-land, is due to the whole civilized world continuously and relentlessly purchasing the Franc, day in, day out, from sun up to sun down, until the SNB wakes up and decides to push back by running the money printing press to the tune of CHF60-80 Billion at a pop - per month. E.g. There was that textbook ABCD pattern (World buying, SNB printing/selling; Rinse and repeat.), including it's "mandatory" 61.8% retracement. However, after which all potential ensuing suspense was interrupted by the outbreak of the Covid Pandemic, sending the Franc on an immediate 900 pip, +9% initial tear and well before any of the SNB peons could ever make it back into the office. Of course that support zone between 0.875-0.9000 having been in place for the better part of 7 years, no great surprise that it caught that strait, end-of-the-world tear the Franc was on by forcing the SNB to go all-in at that point. (At which point you have also naturally unloaded, with both hands and eyes closed, on the Swiss Franc while front-running the SNB, even if you had to mortgage your unborn children to a local loan shark just so you could short more of the Franc and to load up endlessly on the Dollar, right?! - Good job!) But what if, due to unforeseen circumstances, that initial 600+ pip free-ride was missed, all the way from 0.8750 to the present day 0.9400 level? Now what? First of all, there is a perfectly formed Cypher working here - still on the weekly - with it's C-D leg consisting of an also a textbook 3-Drive, already having cleared the first two Fibonacci levels of it's three legs ... while heading strait for a major confluence(resistance) zone, naturally coinciding with the Cypher's PRZ (Potential Reversal Zone). That confluence zone between 0.9500 -0.9650 consists, at a minimum, of; 2 year, descending Trend Line; The (descending) Monthly 20 EMA; The (descending) Weekly 50 EMA; The 3rd (and final) Fibonacci extension of that weekly 3-Drive; The (descending) Daily 200 EMA; E.g. It is reasonable to assume that this pair will have difficulty to get above that 0.9600-0.9650 level, in no small part due to the already extended +8%, 34 (Daily) period strait rise which would take it up there. Secondarily, it was established earlier that the USDCHF pair is currently in a Major Down Trend according to the Quarterly and Monthly charts, and in a strong Minor Up Trend due to the Weekly + Daily charts. Put it all together and the first leg of this Counter-trend Trade points to a M.U.T. (maximum upside target) 0.9650 . That is the Exit for the First Leg . As for the Entry for the First Leg ; As it happens, this pair has just completed a Bearish Shark (harmonic) formation on the 4 hr. chart with the pair reacting to the PRZ, much as expected. The expected retracement of this harmonic to it's First Price Target around 0.9340 , coinciding with the 4 hr. 20 EMA, is reasonably expected to provide a clean Entry for the first leg of this trade with a very favorable risk/reward ratio. (There are reasonably reliable methods by which to enter trades, such as this up-leg, with constrained risk levels; ... but that's an entirely other conversation.) Finally, put it all together; ... and this is what one is looking for here: The up-leg of a counter-trend(!!) trade; Entry: 0.9327-0.9317; Target- Exit: 0.9560-0.9580; Risk/Reward: 1:17.5; Number of pips: 250; Total expected trading period: 115 hours (4.8 days); The End Game Should chance favor the above plan/analysis/Trade Setup/outcome, that would bring a planned entry into the Primary (trend-wise; Down) Leg the forefront. (One has to cross bridges as they present themselves.) In that case, one would expect a strong and immediate reaction in the PRZ of the (by then) valid Cypher on the weekly chart - which, if valid, is normally a very strong and reliable harmonic. ... and this is what one would be looking for, in that case: The down-leg of a in-trend(!!) trade; Entry: 0.9620-0.9640; Target- Exit: 0.9200-0.9190; Risk/Reward: 1:15; Number of pips: 400-450; Total expected trading period: 7 weeks (~70 days); Note The USDCHF currently being one of the primary carry trades , this pair's trajectory has far(ther) reaching implications for U.S. and Global equity index positioning - also referred to as: Risk On/Off. Furthermore, due to the notable liquidity constrains of the CHF vs. it's peers, this pair is an instructive barometer on which to measure the ever-present state of the global game of musical chairs, staged by the various Central Banks of the world.
Education
by Nemo_Confidat
How to use trendlines when trading cryptocurrency 🎓A lot of newcomers have been asking for educational content because you don't understand why my strategies work and how I conclude that a particular price-action will likely happen on certain assets at certain price-levels. It's lovely that my followers aren't just seeking signals, but actually digests the charts I'm sharing and actively tries to expand their repertoire. Search no further - here's an easy and free guide to trade cryptocurrency, using trendlines. 🤓 Important aspects of using this strategy A really important step of this strategy is to consider the number of data points you make your trendline from. In this educational scenario, I've used thicker lines for the trendlines with more data points and dashed lines for trendlines that almost can't be considered as a useful trend. As you can see, we have a very solid trendline, which makes it likely that some significant price-action will happen – eventually to the upside. Another crucial aspect of the strategy (and every other strategy other than "hold and pray") is to have a take-profit- and invalidation-area. We always want to know why we're in the position and why we're out of the position. In this particular scenario, I've decided that a convincing break of the strong, bullish trendline would be an invalidation for the trade. If the trendline breaks it doesn't make sense for me to be in the position anymore, since the trade is solely based on the trendline. Furthermore, the take-profit areas of the trade are based on historic resistance areas. The highest take-profit area is based on a very weak trendline, which is why I wouldn't leave more than 10% of my initial position size to reach that. This is an easy strategy for trading any asset, that anybody can use no matter how experienced. Experienced traders also use this strategy. In my own opinion, simple strategies are the best; you'd be surprised how few indicators experienced traders use. Feel free to ask any questions or share your thoughts about this strategy! 📝
Education
by kaspertrades
#BTC - FROM TRADE IDEA TO TRADING PLANYesterday i posted a chart on Twitter, where i was expecting a bounce for bitcoin on the 4h timeframe (i'll post this general idea in the comment section). I had no clue about the kind of pattern it was going to form, so i moved to the 15 min chart, because the bounces most of the time are very fast and you need a lower timeframe. I've seen a double bottom, with the second low higher than the first. Then i've seen an harmonic pattern with a bearish divergence on top, so i was expecting a wave down at that point. The perfect entry point in this kind of price action is the 61,8 % of the last wave up. Using that entry point and a stop loss below the double bottom you have a good risk reward trade setup most of the time.
BINANCE:BTCUSDEducation
by cantestogo
1
NEUTRAL CHART PATTERNSThese formations signal a price move, but the direction is unknown. In the process of the pattern confirmation, traders realize the pattern’s potential and tackle the situation with the respective trade. For example, let’s suppose the gbpusd pair is trending in the bullish direction. Suddenly, a neutral chart pattern appears on the chart. What would you do in this case? You should wait to see in which direction the pattern will break. This will give you a hint about the potential of the pattern. The most popular neutral chart patterns are Triangle patterns: Ascending Triangle Descending Triangle Symmetrical Triangle Symmetrical Expanding Triangle
BITSTAMP:BTCUSDEducation
by UnknownUnicorn13086959
Reversal candles ( Basic)!Reversal candles ( Basic)! 1. Double Bar Low Higher Close ( DBLHC) The DBLHC pattern consists of two candles. The Lows of both candles need to be very close (within few pips). The Close of the 2nd bar need to be Higher than the previous bar's high. 2. Double High Lower Close (DBHLC) The DBHLC pattern consists of two candles. The Highs of both candles need to be very close (within few pips). The Close of the 2nd bar need to be lower than the previous bar's low. 3. Bearish Outside Vertical Bar (BEOVB) The Bearish Outside Vertical Bar pattern consists of two candles. The second candlestick is a bearish candlestick. The second candlestick has a Higher High and a Lower Low than the first candlestick. The Close of the second candle should be in the last third of the bar. 4. Bullish Outside Vertical Bar (BUOVB) The Bullish Outside Vertical Bar pattern consists of two candles. The second candlestick is a bullish candlestick. The second candlestick has a Higher High and a Lower Low than the first candlestick. The Close of the second candle should be in the last third of the bar 5. Pinbar The significant Pin Bar pattern consists of one candlestick. Unlike standard pin bar, the tail of the candlestick is bigger than its body and at least 3 times bigger than its nose.
Education
by DatTong
12
Reversal candles ( Basic)!Reversal candles ( Basic)! 1. Double Bar Low Higher Close ( DBLHC) The DBLHC pattern consists of two candles. The Lows of both candles need to be very close (within few pips). The Close of the 2nd bar need to be Higher than the previous bar's high. 2. Double High Lower Close (DBHLC) The DBHLC pattern consists of two candles. The Highs of both candles need to be very close (within few pips). The Close of the 2nd bar need to be lower than the previous bar's low. 3. Bearish Outside Vertical Bar (BEOVB) The Bearish Outside Vertical Bar pattern consists of two candles. The second candlestick is a bearish candlestick. The second candlestick has a Higher High and a Lower Low than the first candlestick. The Close of the second candle should be in the last third of the bar. 4. Bullish Outside Vertical Bar (BUOVB) The Bullish Outside Vertical Bar pattern consists of two candles. The second candlestick is a bullish candlestick. The second candlestick has a Higher High and a Lower Low than the first candlestick. The Close of the second candle should be in the last third of the bar 5. Pinbar The significant Pin Bar pattern consists of one candlestick. Unlike standard pin bar, the tail of the candlestick is bigger than its body and at least 3 times bigger than its nose.
Education
by DatTong
3
Sideways trend !!!Sideways Trend - Definition A sideways trend comprises a series of price swings existing within the range of a significant upper resistance area and a significant lower support area . The range support and resistance boundaries (range lower and upper boundaries) may be formed from either higher timeframe S/R and/or significant trading timeframe swing highs or lows Ex: A sideways trend starts when four trend turning points (Swing High and Swing Low) develop within the range of a previous price swing. The sideways trend ends when as price breaks the high or low defining the sideways trend.
Education
by DatTong
Sideways trend !!!Sideways Trend - Definition A sideways trend comprises a series of price swings existing within the range of a significant upper resistance area and a significant lower support area . The range support and resistance boundaries (range lower and upper boundaries) may be formed from either higher timeframe S/R and/or significant trading timeframe swing highs or lows Ex: A sideways trend starts when four trend turning points (Swing High and Swing Low) develop within the range of a previous price swing. The sideways trend ends when as price breaks the high or low defining the sideways trend.
Education
by DatTong
5
Candlesticks Reversal patterns (most important one )Hi and welcome to this educational post: Here is some of the important Reversal Candlestick patterns : 1.Hammer : we can say lower Shadow is at least twice size of body and body close and open points are near each other (small body) and the candle formed like a hammer and beacuse of this we call that ... and hammer has high reversal potential to upside example on XAUUSD: 2.Bullish Engulfing : here we have two candle reversal patterns that second candle completely cover or engulfs first candle body (shadows of first candle is not important here that engulfed or not ) example on XAUUSD: 3.Morning Star : three candlestick pattern that change downtrend and is a start of climbing chart to the moon 😁🌜 the second candle is an important time which bear change place with bull market and two other candles are some how with long body Example on EURUSD: 4.Three White Soldier : shouldn't have large shadows and consists of three consecutive long candle and has high potential as a reversal pattern Example on BTCUSD : 5.Inverted Hammer : shown at the bottom of falling and has high potential and showing us start of Bullish market again like hammer small body and long shadow this time the upside shadow 6--7--8--9--10 is exactly reverse of this candles and patterns if you saw these candlestick patterns on any currency cryptos or stocks share with us and let us know and enjoy << Comment below and let me know your opinion about this tutorial >> <>
BITSTAMP:BTCUSDEducation
by MMBTtrader
69
The One Chart Pattern That You Must Trade!!!The One Chart Pattern That You Must Trade What's a "first pullback"? This is just the first pullback after a significant price event. For example: - The first pullback after a trend line break. - The first pullback after a breakout. - The first pullback after break down (short). - The first pullback after any wide range candle. - The first pullback after a break to new highs EX: The first pullback after a trend line break. The first pullback after a breakout. The first pullback after a breakout EMA The first pullback after a break to new highs. The first pullback after a breakout from the range
OANDA:XAUUSDEducation
by DatTong
28
The One Chart Pattern That You Must Trade!!!The One Chart Pattern That You Must Trade What's a "first pullback"? This is just the first pullback after a significant price event. For example: - The first pullback after a trend line break. - The first pullback after a breakout. - The first pullback after break down (short). - The first pullback after any wide range candle. - The first pullback after a break to new highs EX: The first pullback after a trend line break. The first pullback after a breakout. The first pullback after a breakout EMA The first pullback after a break to new highs. The first pullback after a breakout from the range
OANDA:XAUUSDEducation
by DatTong
12
CANDLESTICK PATTERN: THREE BLACK CROWSCANDLESTICK PATTERN: THREE BLACK CROWS The three black crows candlestick pattern comprises of three consecutive long red candles with short or non-existent wicks. Each session opens at a similar price to the previous day, but selling pressures push the price lower and lower with each close. Traders interpret this pattern as the start of a bearish downtrend, as the sellers have overtaken the buyers during three successive trading days.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn13086959
1