Head and Shoulder Bottoms are one of the most common and reliable reversal formations. It is important to remember that they occur after a downtrend and usually mark a major trend reversal when complete. While it is preferable that the left and right shoulders be symmetrical, it is not an absolute requirement. Shoulders can be different widths as well as different...
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What I see = Real long position BINANCE:LTCUSD !
We have two options for a long position now or at $ 30-35, but I do not want to wait any longer I will buy now and if it falls I will buy 2 times more than this position. I think to sell in 2-3 years.
Most of the breakthroughs are ultimately fake breakthroughs, which means that the market is not actually moving in the direction of the break and is simply trapped by professional traders to lure traders to break in the wrong direction. Using confirming price action on a retest also provides you with a great place to “hide” your stop loss. As you may well know,...
Simply put, an area of support is where the price of an asset tends to stop falling, and an area of resistance is where the price tends to stop rising. But traders really need more information about support and resistance beyond those simple definitions before they attempt to make trading decisions based on those areas in a chart.
To use support and resistance...
History of Previous Alt Seasons
To fully understand the altcoin market cycles, it is necessary to consider in detail the metric of Bitcoin dominance. Indeed, to understand the future, it is essential to study the past. The main sign of the alt season is a drop in the Bitcoin dominance index. For those who may not know, the dominance of Bitcoin is a percentage that...
Identifying reversals using swing points
For a swing point low:
The first candle makes a low.
The second candle makes a lower low.
The third candle makes a higher low.
This third candle tells us that the sellers have gotten weak and the stock will likely reverse.
This is all my own opinion. Please take this information and do your own research.
What Does A Head And Shoulders Pattern Tell You?
A head and shoulders pattern is comprised of three component parts:
After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above the initial peak and declines again.
The price rises a third time, but only to the...