The negative correlation between Bitcoin and most of the other cryptocurrencies in one chart. Bitcoin jumps higher, and what does it mean? Every time we have a bull run like in the last week, BTC will be very likely to increase its value at a higher pace than its crypto fellows.
How can this insight help us to improve our trading? Well, it could mainly affect...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
It’s been a while since I showed you the 2618 trade setup. I am sure you all have read it thoroughly, made good profits from it, and have been waiting for me to show you another trade setup (I hope)?
In this post, I am going to tell you one of my own trade setups, all for free, as part of my gratitude towards your support. This trade setup requires a wealth of...
I got your attention - Flag pole, Pennant, ABCDE 12 % and 50x leverage equals 600 %!
D4
PS. Always use Money Management, Risk Management and RRR. Give a LIKE!
A bearish flag seems likely to be forming on KRAKEN:ETHUSD. It may be part of a larger ABC correction (wave 4). I’ll be looking for a break below the lower trend line of the bear flag to enter a short position. I’ll target between the 1:1 extension (ABC) and the 50% retracement of wave 3 ... $208 - $213.
Hello Dear friends,
ETH has reached its final level as a Correction wave. Our upward A wave is over. Now we are waiting for our Downstream Wave. This wave will end on an average of $ 200-175. Be careful
I keep seeing charts with wave 3 being improperly identified. Wave 3 can't be the shortest wave. I see us currently in the lower degree wave 4 with wave 5 completing around $300. $300 has historically acted as firm resistance. Bouncing at 300 will form the ABC correction. FOMOers will buy at the top of this wave and get wiped. Don't fall for it. Wait for the...
Ethereum is currently trading in this triangle on the 4 hour, which is a continuation pattern. Watch for a breakout to the upside incoming within 0-12 hours.
Previously, I detailed a possible bearish flag forming. Although, I have not discarded that possibility, I’m also considering a bullish count, where we are in the 3rd wave of the 5th wave structure. If this is the case, I’ll be looking for a break above wave 1 territory to enter a long position and target a 1.618 fib extension. I have to be patient, and let the...
THE BULLISH PENNANT FLAG PATTERN.
On the 3hours time frame, the price of ETHUSD has maintained a price move right inside a triangular flag which has a pole (price moved up)
Pennants are the workhorses of the day trader.
Price trend can be any direction leading to the chart pattern.
Shape looks like a short symmetrical triangle.
Prices move between two converging...
Hi Guys, if you followed us from the last chart idea, we have completed Point D of our consolidating Wedge and now embarking on our final point E which will consist of a sharp movement down.
See Related Ideas Link below for previous analysis.
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