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 next...
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 building...
BITFINEX:EOSUSD tested the multiyear trendline and held, On the 1D we observe an inverted three rising valley pattern (quite visible on the inverted chart) which is an indication of the short term reversal.
targets for the completed pattern is $4.79 i indicate take profit zones to manage the trade
The trade is invalidated if price trade below $2.45.