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I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. ...
On a 4 hour chart we can see Bulls losing steem. First a dragonfly doji candlestick formed which represents big amount of bearishness. Few hours later a Tweezer tops formation can be seen. If BTC closes like that, we could see another fall to the new lower lows (5400-5700) as third Elliot downtrend wave will start forming (usually the nastiest one).
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! Please be advised that I swing trade and will often hold onto a position for > 1 month. ...
Let's analysis BTC
If you are busy, you can just read below briefly
'A. Briefing '
'E. Summary and Strategy'
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. Approaching important level($7100~$7200)
. Just before touching descending trend line
. Indicators showing over-bought
B. Daily Chart
On 6/29 tweezer bottoms began forming on the weekly charts of BTC. There was also a strong buy signal on the stochastic at that time.
Since then, MACD has exhibited a bull cross. The first one since December.
Why is this important?
Because that MACD is a lagging indicator. It's does not pick up quick market movements very well. Therefore, it is much more ...
The price of Bitcoin formed tweezer tops (reversal pattern) 3 days ago, and after the FUD news in regards to ETF denial of the Winkle twins, we saw further consolidation down to the 7130 price point.
There are two channel that contain the price currently. A larger ascending channel that the price is still within, and a potential downward channel.
However, I ...
Today and yesterday have the same exact high at 86.15, which makes that a tweezer top . CELG has made a nice recovery from the sell-off and looks to be holding the 100 day SMA on daily.
If triggered in, I will look to close out before earnings on July 26 next week.
Overall, BCH price is within a descending channel. We had a small reversal after the tweezer bottoms (in orange) that formed 3/4 days prior.
Tenkan san shows the market is ranging. At the same time, Kijun Sen is falling to meet the price which signals a lessening in momentum. The wicks under the past two daily candles further supports that idea as well as the ...
81.80 - 80.80 is the key area of support.
Two pin bars was formed side-by-side, or another forex term "tweezer bottom" can be spotted on the Weekly chart.
Will decide whether to Long the market when it opens tomorrow.
** This is not a But/Sell recommendation **
** Please do your own due diligence **
There are potential tweezer bottoms forming on the candles which could signal a small reversal of trend. This price action is further reinforced by the falling wedge pattern being formed.
However, ADA has some strong resistance to overcome at the top of the wedge both in the form of psychological resistance as well as the .5 fibonacci level.
There's a small ...
Current price action looks to be forming a bull pennant on the daily chart.
The past two daily candles closed forming tweezer tops signalling a reversal this is confirmed by the Stochastic RSI which just underwent a bearish cross in the overbought region.
The kumo as well as the Kijun, and Tenkan sen are all acting as supported this is further reinforced by ...
This is the bounce we are most waiting for.
I see many bull divergence from some of time frames such as 30 min, 1hour and 4 hour.
In addition, i see that we will break this falling wedge.
The bull scenario:
The thing is, we need to close above the red line 50-MA (recent support) around 8300 for daily candle today.
If it happens, we will see a tweezer bottom, and ...
Everything adds up almost perfectly among the indicators right now.
RVI is low and is nearing past levels of strong support. So volatility and downward momentum is decreasing which is bullish. Room to fall then bounce off support.
This is mirrored on the stochastic as well as the TRIX.
We should see the price bounce off the bottom of the ascending channel at ...
another opportunity on this glorious sunday. AUDNZD has rejected a horizontal resistance zone with a double top.
Price has decelerated and has formed 2 hightests, a tweezer top setup. Furthermore the overall weekly trend is bearish aswell.
Target is the next support zone, the stop is above the weekly 0.618 fibonacci retracement level.
Solid gains last week on the most recent minor bull run. Based on the weekly close...I cashed out. Start of a new week. Candles showing tweezer tops on the 1D TF. Short order(s) placed. Sitting in FIAT on the sidelines for now. It is what it is. All thoughts, comments and constructive criticism will be accepted. Go well. (-_-)
Candle Pattern: tweezer tops
Trend Entry: with
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 10
SL PIPS: 10
Fib Entry: .236
Fib TP: 1.618
Stochastic: short strength
Inside EMA/SMA zone: no
BB: middle band
breaish engulfing around fib .236 and price respecting middle band in down trend
stochastic showing strength to the down side.