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Triangle

Deja vu on RippleOne of the most interesting altcoins that I am seeing right now is XRP especially for long term hold. Just if you remember about the 2017 phenomenal bull run that occur on crypto market in general, you will see a similar pattern on XRP with current pattern. both of them form a huge descending triangle. And at 2017, the price broke out of the upper line of the triangle and produce a killer 1500% profit only within a month! Will this pattern become the same as of the 2017? In my opinion, I will be very cautious at this rate, especially the price is still moving inside the triangle and as long as it hasn't break out of the upper line, I won't do any action. So, my entry area is when the price do break out action at current triangle. considering it is now very near the APEX, we will know the answer really soon.
POLONIEX:XRPUSDEducation
by junosats
2
Story of the BitCoin is about to surprise everyoneFriend of mine said "I hope Bitcoin will go a little higher". I truly believe this is the problem, too many wishes and hopes by inexperienced people trying to make a fortune, gambling / guessing with absolutely no technical analysis. It goes up so I buy now, sell later. Easy... Shit! It went down!... I hope it will go back up. Problem is, it might not go back up soon Ladies and Gentlemen. I'm not saying this is something anyone of us wants to see but keep your eyes and mind open. Don't live with promises of Bitcoin reaching 20k, 30k, 60k USD. Early 2001 everyone was saying that CHF is stable and it is unlikely to move up... guess what? June 2001 started 10 years of a bull market! 10 freaking years!!! Now let's go back to Bitcoin. It doesn't matter that people are calling which direction Bitcoin will go, because if YOU will not do your own research you are not covered. The same story is for any Crypro, Forex, Stock, Indice, Commoditie and so on. Trading is not about feelings, hunch and hope. Stop lying yourselves and start doing your own research, your own analysis. Make a plan for every single trade and stick to it! Do it for yourself because I honestly don't mind anyone losing their money, but at the same time is would love to everyone successful with their trades. Even though a trading guru did a perfect analysis, it can still go the other way, this is normal, it happens and that's part of the trading. The key is to make more profit than loss. And for love of God, don't trade only cryptocurrencies. They are way harder than any other type of trading in my humble opinion. Now drop a like and prepare for Monday session. Disclaimer I am not a financial advisor. The advice here given is not financial advice even though my excitement might make it look like such. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
BITSTAMP:BTCUSDEducation
by estimyth
6
Lesson about symetric triangle Here is an example of a symetric triangle pattern played out on the 4hr XRP/USD chart. Im starting to see these triangle patterns more and more whether it be considered a pennant or whatever. The results are similar regardless of what you call it. Price gets squeezed towards the end of the formation and at a certain point it shoots up or down. The tricky part is predicting which way it will go. But with the triangle at least you could have predicted when the price action will occur. I am still learning a lot myself but I am trying to document my journey from scrub to master of the charts.
KRAKEN:XRPUSDEducation
by UnknownUnicorn4304403
1
POWER of the WEDGEOne of my favourite tools is wedge patterns. Last year the AUDUSD was a dream to trade using the wedge pattern. An 'ascending wedge' pattern approaching a level of resistance indicates a sell opportunity is coming up (reversal). To trade the pattern you will wait for a break below the wedge line before selling, with stop losses above the highest level in the wedge. A 'descending wedge' pattern approaching a level of support indicates a buy opportunity is coming up (reversal). To trade the pattern you will wait for a break above the wedge line to enter a buy position with a stop loss below the lowest low in the wedge. Give it a go!
Education
by ForexStoreau
2
DXY - Daily - Multi-Timeframe Analysis Series 1The DXY being weighted as follows: EUR - 57.6% JPY - 13.6 % GBP - 11.9% CAD - 9.1% SEK - 4.2% CHF - 3.6% As you may imagine, there's a lot more interest in using the DXY for a correlation / confluence tool when trading the EURUSD . The EURO equates to over half of the overall weight of the index, meaning there's a majority interest in the EUR vs USD. We can use this to our advantage, alongside the USDOLLAR INDEX, to add positive or negative trade factors when considering positions across USD pairs and commodities . Comments I've let the Daily remain zoomed out to show the potential for a consolidation formation. It looks closer matched to an Ascending Triangle (potential to break to the upside or downside) rather than a Rising Wedge (strictly reversal pattern). If the Monthly is looking prime for a sell-off, I must favour the Ascending Triangle breaking to the downside. Only time will tell, but I won't be counting on massive Dollar Strength beyond 97.50 unless we see a big Weekly close above this key level. Unless this starts to break down below the 96.00 handle, it's still bullish for me moving into next week. Key Note Look at how price isn't respecting the EMA's as well as it has done in the past. This is an indication of consolidation occurring on this timeframe.
TVC:DXYEducation
by robdee4x