this pattern is really not popular hence i have seen so many analysis calling for a dump or correction .. hence am putting this out.
we have a broadening wedge on BITSTAMP:LTCUSD and that puts the target at 130$.
This 11 years NYSE:DB FALLING wedge that ready to pop.
Its time to buy it all up, 65$ is the ultimate target. this is the weekly chart so it will take a few months.
buy up $8-10.5 stop loss is $6.5
NASDAQ:QCOM price action has defined a ascending triangle, a strong breakout and bounce after the retest confirms the market structure is in play.
The trade opportunity is to bet long entries from $87- $90 , the measure profit target is at $150 with a stop loss at $80.
this trade idea is validated if price trade below the ascending (green) trendline. it also...
Price action has formed a falling wedge with a steep angle. once prices breakout of the wedge formation the measured move puts a profit target at 720sats which is about a 50% rise . i have also highlighted potential resistances as price ascend
This trade invalidates if prices break below 430sats
i observe this bear flag on BITFINEX:IOTUSD , the uptrend trendline violated so the pattern seems to be in play.
Trade opportunity is to go short, A measured move of the impulsive leg down put targets at $0.126
There is however a chance the market interprets this as a pennant in that case the move will be smaller and target is at $0.1560, in that case it may be...
BINANCE:GOBTC has a bullish pennant in the making. pennant are usually continuation pattern
The trade opportunity is to go long . A safe trade is to wait for a breakout on the top resistance at 230sats and potential profit target at 290sats
NYSE:TWTR has printed an ascending triangle on the 4H with a distinctive breakout which confirms the strength and direction of the bulls in this stock.
As with trading ascending triangles after the breakout i expect NYSE:TWTR to hit the measured target of $33.8 and possibly higher to fill the gap at $38.
BINANCE:ARKBTC rectangular bottom give a buying range of 1960sat to 2830, A breakout at 2850 will give a target of 3870
This trade invalidate if price trade below 1700sats
The trick to trading this pattern is to wait for a breakout then buy the retest because you really cant tell how long the accumulation period will take, or if there will be a liquidation...
BINANCE:ZILBTC is building a potential rectangular bottom.
in the spirit of stratis i feel i should just put out charts on my watchlist with about same pattern
Accumulation zone 58sats -90sat
Breakout at 90 sat
Target at 119sat
BINANCE:STRATBTC just completed a rectangular bottom with an impulsive breakout (i was actually making this post when it broke out and had to change the entire post).
since its breakout already.. the trade opportunity is to wait for a retest to the top of the accumulation zone and buy 4600sats
A measured move put the target at 5960sats
TVC:USOIL is trapped in a bear flag within pennant formation which shows a clear market boundaries to a traders.
The trade opportunity is to go short, a measured move shows 15% move down .With trading any flag pattern the trick is to place a short only after prices print a lower high within the flag structure.
Now this how i will trade this pattern. Observe...
BITFINEX:EOSUSD is printing an ascending triangle , if the candle fulfills the proposed ascending triangle it will form a technical pattern that has a 65% chance of reversing a trend.
Although triangle are notorious for throw-backs (which traders should accommodates in a trading plan ) . i expect prices to break upwards, to give a +20% upward move if prices...
THETA has held a 10 % accumulation range while flattening bottom for the past six month.. i think that enough fuel to its propeller to give it a 80% thrust move up
once prices break above the accumulation range at 1100Sats, the triangle pattern give a target at 1800Sats.
i put a buy at 1000 sat .
this trade will invalidates if price trade below 850sats
TWITTER BCBA:TWTR printed a double top and had beautiful selloff with strong volume and quick market reaction, i began anticipating a slip to a downtrend , however looking the 1D chart i observe
the bulls pulled a strong bounce off its 2 year uptrend indicating its selloff pressure maybe exhausted.
I have highlighted the trading zone ($27- $46) for the...
BITFINEX:XRPUSD is trading between $0.2 and $0.3 on 1d on the 4H I observe a potential bump and run pattern in the works signifying a reversal on the trend
Once the pattern fulfills and the upper channel of the downtrend line is broken i expect quick move to retest the top of the range at $0.3.
A long is open from $0.22
this trade invalidates if the...
One of the highlight of 2019 was the euphoric rise of NASDAQ:BYND after its listing. like all parabolic rise it always ends in tears for inexperienced investors and $BYND was no exception
well after it retrace i think it may have found bottom and is currently building it accumulation region 76.15- $83.25.
i would expect this stock to range for a while...