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PRICE ACTION TRADING | Bearish Flag Pattern 🔰 Hey traders, Bearish flag pattern is a classic trend-following pattern. Being relatively simple to recognize, it is applied in various trading strategies. ⭐️ The pattern itself signifies the correctional movement after a strong bearish wave in a bearish trend. After setting a new structure low, the asset starts growing in value and the price action legs start forming a rising parallel channel. What is particular about this growth is the fact that the price grows within the range of the preceding bearish impulse. 🔔 The trigger that we are looking for to sell the market is a bearish breakout of the support of the flag pattern (we need at least a candle close below). To not be caught by a false breakout, it is highly recommendable to wait for a bearish violation of the last higher low level as well. Only then the flag breakout is confirmed. The breakout signifies the end of a correctional movement. Then the price will most likely return to a bearish trend. ⚡️Trading the market aggressively, one opens a short position on spot just after the breakout candle closes. ⚡️The conservative trader will wait for a retest of the broken support of the flag for a safer entry. ✔️Safest stop will lie strictly above the highest wick (the last higher high) within the flag. ✔️Initial target will be based on the closest key structure support. Learn to recognize this pattern and be disciplined to wait for its confirmed breakout. Only then a high trading performance will be achieved. What pattern do you want to learn in the next post?🤔 ❤️Please, support this idea with like and comment!❤️
COINBASE:BTCUSDEducation
by VasilyTrader
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AUTOMATED TRADING BOTS: How to profit with Tezos.Tezos is one of the best token for our robot. Our robot mainly uses the DCA (dollar cost averaging) trading method. If the price drops, instead of the Stop loss order, we have a Buy limit order. This will also cause the Take profit value to drop and approach the current price. If the price falls and falls, the robot buys and buys. This keeps the Take Profit lower and lower. After that, the price of the token rises and our trade ends with Take profit, which is not far from us thanks to constant and precisely predefined purchases. The XTZ / USDT currency pair is suitable for our demonstration. You see very high volatility. It is through volatility that our robot can be profitable. If the price still went in one direction without frequent fluctuations and without "waves", the robot would earn very little. We need great volatility for big profits. Volatility in the TradingView platform will be helped by the Historical Volatility indicator. This indicator often (on this time frame) intersects the value of 50.00, which is rarely affected for low-volatile currency pairs. For example, you would look for Bitcoin very bad around 50.00 on this time frame. The key to our profitable trading bot is volatility! At a time of market colapse, when almost everyone is going through and positions in the Futures markets are being liquidated on a large scale, we are EXTREMLY profitable thanks to our robots. Of course, it is very important that you know how big the position is and how often, or at what intervals it is necessary for the robot to buy more. In no case is every setting of the robot profitable, on the contrary, setting up a profitable robot is not easy. You will learn how to set up a robot to be constantly profitable in our Academy. PS: One of the best things about trading with robots is that you remove all emotions and decisions. We wish you a nice day. UCT team.
Education
by UltimateCryptoTrader
SOYBEANies - A simple approach to find hidden facts.Here's how I approach the beanies. It's a simple concept and it "works" over and over again. But...what do I mean by "work"? I mean, that this concept (...go by the numbers on the chart) helps me to understand, and to reveille what's obviously, but hidden from my eyes at the first glance. It's a simple plan what to analyze step by step...from top-down...exploring different types of facts and finally putting them together into a story that makes sense. That's it...no magic, just pure crafting. And you can do this too! Seriously, just start... P!
CBOT:ZS1!Education
by Tr8dingN3rd