Ascending triangles tend to be continuation patterns. When an ascending triangle fails that can portend weakness. I have already posted an ascending wedge and overhead resistance that would be downward pressure on the markets. This bullish ascending triangle was the silver lining in that cloud for the bulls but with a failure of that pattern, will it finally be ...
Greetings guys. It's time to spread my BTC market vision.
First of all my ideas are based on VSA which stays for Volume Spread Analysis.
I have no doubt that Head and Shoulders will work out and we will reach the price of 5k-5.5k-6k.
But before that we should break through many resistance levels meaning that there are some retracements ahead we can try to earn ...
This is a support and resistance trade, if this candle close on a long shadow candle or better known as a pin-bar, I'm going in on an aggressive short as:
1. Is a Trend Trading Opportunity
2. Market got well resisted by trendline
3. Major Resistance as red line
I've a duo target for this trade, exact level share to my subscribers, check it out on our October 2018 ...
Today we got stopped out of our short on the EURUSD. We got faked out, but the mister market is giving us another change :-)
Date Pair Direction Trade Trend Level Signal Entry
2018-12-04 EURUSD Short With trend Down Dynamic Resistance Fakey retrace
Check out 4h, dojis and then 4h bear engulfing closed middle of London
Break and retest of pivot point NY pre open and ran away during NY Friday and last day of month
* Trap false move pre session beginning NY *
* Trap traders long & run away quick short *
More important than pivot point is the psychology behind the banks trap move
Higher TF keeps everything clear
BINANCE:IOTABTC has held relatively well during the BTC bloodbath of the past days and is reaching the end of the triangle.
The pinbar candle could indicate a move upward is incoming, as seen last time this happened.