🎯 HISTORICAL EDGE - 01APR22PRO TRADER: Do you see the HISTORICAL EDGE?
PRO TRADER: Yesterday was the last trading day of the month. We closed above the 200D Moving Average.
NEWBIE:... silence ....
PRO TRADER: We also closed for a second day down and we closed in the lower range of the intraday.
NEWBIE: And?!
PRO TRADER: This has a significant edge for market. We backtested it since 1996!!! And we see an oportunity you can take advantage of.
⬇️ ⬇️ ⬇️ RESULT ⬇️ ⬇️ ⬇️
This setup has occurred 28 times since 1993 ! 💎
The 1 day move has had 85% chance of being bullish 🟢 on the next day ( aka market session on 01APR)
The average winner has been 2 times larger than the average loser!!
1day
Previous AVAXUSD chart w/the potential Descending triangle addedNot 100% confident about this descending triangle pattern yet. But if it is indeed valid then the price action should head towards the 158-160 target before too long with some resistance on the way there at around $130 or so depending on where we retest this ascending yellow trendline at.
We could correct here and still have formed a very nice cup.I think we can still reach as high as 64150 and possibly a new ATH even, before any sort of correction. However, if we were to start correcting here instead we would still have a very valid very nice looking cup to start forming the handle on. So I’m gonna go ahead and chart a speculative one here for now. There’s always a chance we don’t correct as well and keep continuing up eventually going to high for the cup to be valid anymore. For now though while we are consolidating a bit it seemed worth charting what a potential cup at this price action could look like. If we do indeed correct here this red handle projection is about as deep as I think it will go assuming the 1 day 50ma(in orange) would hold support. The measured move breakout rom a cup at this level would be around 98k just slightly higher than the 97k target the breakout from the 3 week chart bull flag gives us. Gonna post neutral on this one until I see how this plays out. As of now there’s no guarantee we will even get a cup and handle, but the probability does favor it.
Hash Ribbons have triggered the buy signal! (daily chart)We may see further retracement to fill the cme gap or maybe low enough to retest the closest purple trendline in the immediate term but in the medium term we are likely continue upward. This buy signal is usually pretty reliable and we still have room to climb to reach the measured move target of the falling wedge we broke out of multiple weeks ago. *not financial advice*
ontusdt/1dDaily candle is shooting star (bearish) and according to chart we have strong resistance above of ONT. Always buy on strong support line and sell before strong resistance.
For holders it's not good time to opening long position but others will be able to opening long or short term base on dynamic and static lines ((check candles also)).
As for me, I always check important dates on chart for possible trend reverse ((you can see them on my chart)).
0.8426 , 1.1697 , 1.5992 , 2.3348 , 3.1127 are strong resistance for price and 0.4179 is strong support, also.
Good luck
BTCUSD/1DFirst of all I think price will drop to B (78% of XA) due to bearish rectangle pattern then will rise to C (61.8% AB) and then will drop more to D and finally it's going to complete our Bullish Butterfly pattern and AB=CD.
Previously price touched 61.8% of XA but I think we're going to see 22704 ( 78% of XA ) due to I think this is a Bearish AB=CD pattern. You can take buy limit on B and sell limit on C as well as buy limit on D ( above of D we have strong support zone and It's so possible to see that candle's shadow will kiss our D and price will close on support line) for amazing long term position.
We will see about that!
oneusdt/1dBullish gartley pattern completed at strong reversal zone ( D ) and I think we're going to see a bullish AB=CD pattern from D but you can wait for long entry after we're going to see a breakout from down trend.
As for me, I think good time for opening a position is right now with sell stop-limit order under the reversal zone.
ACTUSDT/1DAYSharp rise will possible after breakout from up trend. Maybe we're gonna see pullback on up trend and maybe not but I think we will see it.