📚 Learn More 💰 Earn More with us: FLAG = Impulse + Correction
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FLAG pattern Definition :
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.
A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
IMPULSE Definition:
A “flag” is composed of an explosive strong price move forming a nearly vertical line.
This is known as the "IMPULSE" or ”flagpole”.
The sharper the spike on the flagpole, the more powerful the bull flag can be.
Corrective Wave Definition:
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
This downward or upward slop known as "Corrective Wave".
Flag patterns can be bullish or bearish:
A bullish flag is known as a Bull Flag .
A bearish flag is known as a Bear Flag .
How to Trade FLAG Patterns:
When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead.
Breakouts happen in both directions but almost all flags are continuation patterns.
This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward.
Trading suggestion:
There is a possibility of temporary retracement to the suggested support line (14.730).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 17.978
TP2= @ 19.619
TP3= @ 22.431
TP4= @ 26.000
TP5= @ 29.460
TP6= @ 33.744
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment. Let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USDT-D
📚 Learn More 💰 Earn More with us: FLAG = Impulse + Correction
📚 LEARN MORE
💰 EARN MORE
FLAG pattern Definition:
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.
A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
IMPULSE Definition:
A “flag” is composed of an explosive strong price move forming a nearly vertical line.
This is known as the "IMPULSE" or ”flagpole”.
The sharper the spike on the flagpole, the more powerful the bull flag can be.
Corrective Wave Definition:
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
This downward or upward slop known as "Corrective Wave".
Flag patterns can be bullish or bearish:
A bullish flag is known as a Bull Flag .
A bearish flag is known as a Bear Flag .
How to Trade FLAG Patterns:
When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead.
Breakouts happen in both directions but almost all flags are continuation patterns.
This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward.
Trading suggestion:
There is a possibility of temporary retracement to the suggested support line (14.730).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 17.978
TP2= @ 19.619
TP3= @ 22.431
TP4= @ 26.000
TP5= @ 29.460
TP6= @ 33.744
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment. Let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Ultimate Divergences Types Cheat SheetHello, traders!
This is a cheat sheet for divergences defining between the price and oscillator. As the oscillator the RSI, Stochastic, MFI, CCI, MACD and other indicators can be used.
Regular Bullish Divergence
The price shows lower lows, oscillator - higher lows. This is the sign of downtrend weakness and potential reverse to the uptrend.
Regular Bearish Divergence
The price shows higher highs, oscillator - lower highs. This is the sign of the potential reverse from the uptrend to the downtrend.
Hidden Bullish Divergence
The price shows highers lows, oscillator - lower highs. This is the uptrend strength sign, it is going to continue.
Hidden Bearish Divergence
The price shows lower highs, oscillator higher highs. This is the downtrend strength sign, it is going to continue.
Try this powerful tool in your analysis and share your results in comments!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Bitcoin Retraces But What About The Altcoins?We know many of you are really interested in the smaller altcoins...
The altcoins market continues to grow stronger and in bullish potential, here is what will happen next.
Now, before we get started, it is always necessary to make this small but very important distinction when we talk about Altcoins.
Conventional analysts here talk about Bitcoin and Altcoins.
When they say Altcoins they are mainly referring to the big ones, the TOP10: ETH, ADA, LTC, TRX, BCH, EOS, XRP, USDT, BNB, and XLM...
(Not necessary the TOP10 but those with the biggest market cap.)
When we/I/us mention Altcoins, we are always exclusively talking about ALL ALTCOINS minus the TOP10.
When it comes to market capitalization and the bullishness of the market, we have to separate these bigger altcoins from the smaller ones for two reasons:
1) These bigger altcoins move together with Bitcoin (Bitcoin is now dropping strong, these as well).
Normally, we tend to see altcoins detach (move inverse) to Bitcoin in a bullish cycle... Right now, you can see the Binance and Bittrex altcoins growing, as well as those on other exchanges.
2) They do not behave as the smaller alts.
So we can see the altcoins chart (TOTAL2) full bearish and going lower while "the Altcoins Market continues to Grow" .
Even with that said, they are still producing higher highs and higher lows, meaning that the entire market is now in full bullish mode.
What Happens To The Altcoins?
As I've said many times before, this is only the beginning.
Feel free to buy up on your favorite pairs.
Feel free to take your time to research, make your choice, buy and hold.
The cryptocurrency markets are very likely to grow for years to come.
This is Alan Masters...
Thanks a lot for your support.
Namaste.
LINK /USDT Double Top ? Hi traders .
First of all I want to tell you that I don't trade LINK but lately this coin has lots of heat and many traders are trading it . I'm sharing this chart as a example on how I look on things these days and using tools that never fail . All I can tell you is that future of link its not as bright as you think . Price was pumped from many levels and they are on the chart . However price will return to previous high levels and probably suck in many top buyers and then dump on them . If you have questions on whats it doing on you need to ask yourself how institutions play this game and why retail 90% of time time fail in trading . . I can talk about it all day and how this works but its better to check my BTC post link below and you need to look it to it . Yes trade went against me and I explained why but it will create more profits in long run . I will share my screen shot here so you can see for your self where the levels are .
This tool never fails and price always comes back to these levels its mainly used by institutions and not available to many .
Cheers and I wish you all best .
BitTorrent vs Tether (BTTUSDT) Is Already MovingI shared a quick analysis of the BTTBTC pair, BitTorrent vs Bitcoin, mentioning that it is about to move and the criterion that needs to be met for this to happen.
When looking at the BTTUSDT chart, BitTorrent is already moving on this pair.
Hit LIKE if you want to now, and let's get started with this analysis:
We have a shy increase in volume but still looking to go up. Saturday, it can surely pick up by Monday.
RSI is bullish.
The MACD is curving up.
Now trading above EMA10. Since this is the daily time frame, the daily candle (today) needs to close for this signal to be confirmed/valid. What this means is that the price can still fall and close below 0.0007624 which is EMA10, if this happens, then the signal is invalidated. Once the closes above EMA10 this signal is valid. So we wait for the daily candle to close for confirmation. This is what I would call an "early signal" since it hasn't been confirmed.
Judging by the fact that the BTTBTC pair is looking bullish and that we already have a movement here, there are high probabilities that BitTorrent will move next.
All details can be spotted on the chart above.
P.S. This is not a piece of trade advice. All of my trades contain buy-in, targets, stop-loss, and additional relevant information.
If you want to see a full trade for BitTorrent vs Tether (BTTUSDT), make sure to hit like to let me know.
Namaste.
Ripple (XRP USD/USDT) Support Levels by Request + LearningThis is an analysis by request. Please hit LIKE to start reading...
Ok my dear readers and beloved cryptocurrency traders, this is Alan Masters and I Love You! But what I actually mean is that you should always say... "I KNOW THAT I AM BLESSED AND I LIVE WITHIN THAT KNOWING. I LOVE & ACCEPT MYSELF NOW & ALWAYS"... Namaste.
Without making you read anymore love related paragraphs... Here are the support levels for Ripple (XRPUSDT) based on the Binance chart.
Ripple (XRPUSDT) Support Levels by Alan Masters
(1) $0.24
(2) $0.19 (The entire red rectangle is a demand zone)
(3) $0.14 (The orange rectangle is the next one)
Now, the question asked by one of our great followers:
"How likely are we go to as low as support (3)?"
(Feel free to leave your questions in the comments section below)
Here is a possible scenario:
but wait... here is my answer:
I don't see it as very likely unless XRPUSDT continues in bear mode for a very long time or if there is a flash crash/dump, which in turn would result in a quick bounce. So instead we focus on price action and check the candle close every week.
Example: This week closes today and we are below Fib. 0.236 @$0.30. If the weekly candle closes below this level, then we can expect to test our first support at $0.24. If the candle closes above then XRPUSDT has the chance to test EMA10 ($0.39).
I know this article is a bit disorganized, I apologize but hopefully it helped you understand better XRPUSD next support...
If yes... hit LIKE... MORE OPPORTUNITIES WILL ALWAYS COME...
TO YOU!
Alan Masters here...
Namaste.
Slow and Steady WINS the race.Buy Green
Sell Red
//
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
//
it works good for stocks and cryptocurrency.
//
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
//
when a green dot 0.35% -0.78% -0.78% -6.68% -7.44% -7.44% appears you buy, if a green dot 0.35% -0.78% -0.78% -6.68% -7.44% -7.44% appears after that green dot 0.35% -0.78% -0.78% -6.68% -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
//
the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
//
shorter time frames will be choppy.
//
larger time frames will be smooth.
//
*Daytrading smaller timeframes is possible but not recommended.
How to use my indicator w/ a basic plan.I got asked "What should I use if I only have a basic tradingview account without custom timeframes?"
Here is a video explanation of what i would recommend.
Monthly / Weekly / "Maybe the daily to scalp"
Monthly will identify overall trend in the market
Weekly will be a good hold and sell
Daily to scalp as the market is going up
Hope this helps. :)
Bitcoin To The Moon! Falling Wedge Reversal Pattern...Let's keep it plain and simple...
Falling Wedge Reversal Pattern
"The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower".
BITCOIN IS GOING TO THE MOON!
What's your opinion?
Please share on the comment section below...
Thanks a lot for reading...
Please like, share, comment and follow.
Namaste.