Falling wedges are generally very bullish structures that have targets at the hight of the wedge. If a falling wedge is on a flagpole then the target of the wedge is going to be a flagpole extension. But price often don't go straight up. Having price action retest lows is very normal. Having price action retest a trendline that was resistance and turn it into...
KDABTC has a clear rising wedge structure and since it is at support the next move is primed to be to the upside. There is a lot of hidden bullish divergence on the RSI and MACD (and a host of other indicators) and the Stoch is showing momentum is breaking above the 20 level, which shows price is technically coming out of a downtrend on the weekly...
The formation is pretty obvious, and the target setting is pretty easy as well. This is alt-season and the end of a bear market. You can almost throw a dart at the board and make some gains. This trade is a layup. Linked ideas show general bullishness and reversals in the market.
TLDR: Indicator similarities suggest a strong buy for accumulators. Introduction Price actions causes indicator action and so you can see patterns on indicators stemming from price action. As price action tightens you can see different indicators tighten as well. Most tightening actions on charts is formed by triangles or wedges and as this idea will show,...
I am looking to find a entry on DAOUSDT to put on a fair amount of margin for this potential W pattern. Targeting is a simple fib draw from the swing high to the swing low price is currently putting in. The chart below shows the bullish divergence on the MACD histogram, and the RSI is tightening in a falling wedge with lots of potential for an upside move. A...
Bitcoin was in a consolidation triangle and broke to the upside. There was a flagpole with falling wedge formation that broke down and now price is retested the triangle resistance this time as support. The simple target is the height of the consolidation triangle moved to the site of the breakout. I for one am looking at bitcoin as a weathervane for the...
I have been listening and reading a lot of analysis and many bears are looking for more bad news. They expect more contagion from Three Arrows Capital, or from Celsius bankruptcy proceedings, another project to go bust like Luna, and quite frankly I think it doesn't matter. Trading and investing is a practical application of psychology, both individual and mass. ...
Very simple idea. The arrows show where buying the S&P at the 200 weekly EMA or below was a fantastic buying opportunity with plenty of opportunities to accumulate or perhaps buy long term calls. The hammers show where it would have been beneficial for traders to either short outright or perhaps close their positions so they could buy back lower. A zoom in...
There are a lot of trash analysts out there that claim that bitcoin has never closed a whole weekly candle body below the 200-week moving average and they are using that lie combined with the fact that bitcoin is now under the 200-week moving average to create fear, uncertainty and doubt. Other trash analysists hear the lie and repeat it without verifying for...
TLDR: This and my linked post make a very strong case for limited downside, accumulation and reversal for the next several years. Don't get stupid with margin trading. Analysis I use the gaussian channel to find when an asset is undervalued for chosen time frame. Bitcoin has a history of going sideways under the gaussian channel and so far has never returned...
TLDR: this is a companion post to my more detailed Bitcoin post today. In short: Both BTC and ETH are bullish for the next couple of years. I have been looking at this potential rising wedge on Ethereum for a while now (and there is one on bitcoin right now, see the linked post) and with price at wedge support the next move will be to the upside with a potential...
This idea is pretty simple. During a powerful uptrend price can spike up before pulling back and going higher. If price action spikes back down into the previous spike up there is fair chance for a V recovery and higher highs. The price action was volatile on the way up and was volatile on the way down so the pattern suggests a volatile recovery to the...
The idea is pretty straight forward. Some ideas are targeted at traders and others are targeted towards investors. This idea is targeted more towards investors than traders but it can be used by both. Bitcoin is a decentralized payment network while also being the name of the native currency of that network and the satoshi is the smallest unit of currency....
I am taking this almost purely as a pure chart formation play. The Fib draw is from the bridge of the W and that was very effective in target setting ethusd last uptrend. The blue dotted trendline is where I would suspect price would stall and create some uncertainty in Dash just like it did with Eth. Of course, that may be aggressive and a look the W on btc...
Pretty simple idea. TRXBTC on the left is in a developing inverse head and shoulders and price action recently tested the 200 week as support and is now primed to begin to move to target. My trade is going to be on TRXUSD. The chart has the key details and it is pretty simple and fundamental. My main thing still is leaving my damn trades alone enough. I have...
Fundamentals Despite some confusion bitcoin is both a decentralized payment system and the name of the currency of the network. In contrast, SWIFT is a centralized payment system that has the dollar as its currency. Bitcoin's greatest value is when the currency is undervalued to the value of transactions it is running. That is when the system is the cheapest...
TLDR Don't overthink things. Stock to flow gives you a average price to target, and triangles are easy to spot and trade for targeting. Until the ascending triangle continuation pattern (on a flagpole) is negated I remain bullish. Introduction One of the most important things I have picked up on my relatively short trading career (about 5 years) is to have...
Time and time again I have been told to master the basics and when it comes to trading nothing is more basic than charting triangles. Likewise, few things are more basic than cloning a trendline used to measure the height or depth of a move and dragging it over to the breakout point of whatever structure you are looking at. Just a tiny bit more advanced for...