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$Beam/$USDT Inverse Parabolic with a potential V shape Recovery?Good morning ladies and gentlemen! Beam has had some serious downside action. And to some of you, that may be scary and I completely understand. But the golden curves are a representation of the flow in the price action. And what we saw was pure capitulation on Beam. It was the reverse parabolic moves we see in an uptrend on other assets that everyone gets all excited about. This asset is best depicted on other exchanges as their isn't enough history on the trading view charts for me to showcase the Bullish Divergence that is forming right now. I mean come on, this is the area where "everyone" wants to get out. You are at an area of value on other exchanges which is why I highlighted the box on here with no historical support. "Believe me, it's there". Just not on this chart. I would like to state that while capitulating, you started showing signs of exhaustion on the sellers as depicted by my smaller curved drawing tool. With comes triple MacD and RSI Bullish Divergence on the 4 hour time frame. I think their are overwhelming amounts of bullish indicators here and people will call me crazy as all the see on the charts is this asset continuing to dump. This is all probability of course, but I have taken a position on this asset at 50 cents on another exchange. Break below, don't panic until we start to see follow through price actions. Set your stops where you think is best, but also think about your risk/reward ratio. With Parabolic or 'Inverse Parabolic" moves comes a V shape recovery or retrace. In this case, we may be in the makes of a potential V shaped recovery. These moves are typically fast and will end with massive gains if you had got in at the right time. I made my choice to get in due to the overwhelming bullish indicators that have been forming. I am looking for my potential exit targets to be inside that plasma pink box between the .382 and .618 retrace. The .618 on the Log scale just so happened to coincide with critical resistance ;) Twitter: twitter.com If you want to be a loving supporter of me and my "ChArtworks" $BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z $LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn $ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9 $x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3 Join the best Crypto and Technical Analysis Community in the world! Discord: discord.gg (Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
BLong
by ChArtWorks_TechnicalArts
4
Silver and Gold in the Diamond Formation on 4hour chart1. It is an unusual formation to have. How to trade it? Well, it is always 50/50 situation. You basically trade in the direction of the breakout. 2. It is not common to publish an idea for 2 different Commodities however they share the same pattern. That's why I decided to share both of them as the same idea. Keep in mind they might go in opposite directions though. Keep tracking it and step in the moment of breakout. That's my strategy on this one. The General trend for both of them is Bullish but it might break otherwise. When you open the position for the diamond you set stop-loss above the apex opposite to trade direction. Remember to drop a like if you find this idea interesting. Disclaimer Remember to always Do Your Own Research. I am not a financial advisor. The advice here given is not financial advice even though my excitement might make it look like such. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
OANDA:XAGUSDLong
by estimyth
Confirmed! BTC closed above the forever downtrend! What now?Hello everyone! I hope you're well. Before we start, I want to make a quick intro again, I've changed my username to CyberStocks. I'm trying to take my tradingview account more seriously because I plan on building a brand and online business in the near future. I would like to inform my viewers before starting and cause unnecessary confusion. Alright now that's over with, let's start with a quick reminder, this chart has combined 6 of the world's largest exchanges together to get an average of the world volume and data. This is a follow up to my previous article, last time I said we're very bullish if we close above the forever downtrend, and a bull run could potentially start. So let's fast forward 1 week later, and what do we have? An actual huge green candle that closed above the downtrend, that means we went from bearish to bullish. However, that doesn't mean the bull run starts now. It still needs time to consolidate, I'll talk more about that in my next article, with a much more in depth analysis. Let's focus on what's happening now. Everything still looks good on the weekly, only thing that's changed is an open red candle on the weekly, this tells me that its simply a pullback from the massive pump last week. If you look on the RSI, we can clearly see that the volume pump vertically, and is now followed by a pullback. This is very normal, for every push there's always a pullback. Our most recent correction was at 4922 USD (29,532 USD) with the candle just wicking the mini, weakish support line. This is considered a bullish sign if you're an Elliot waves guy (I'm happy to explain Elliot waves in another article, let me know what you think in the comments section) because it means that we have a truncated wave. For every push there's a pullback, what goes up must come down. In other words, If we're going up, the price needs to cool-down before it can go further up again. There's a lot of drama and commotion about the market sentiment right now, people are saying things like "we're going to 4,200 USD." If you think 4,200 USD (25,200 USD) is bad wait until you see what the whales have installed for you, there's a much larger picture than what we see now, I'll explain the whale's secret plan in my next article. Back to the 4,200 USD debate, we don't actually have solid evidence to make that claim, we'll have to leave it as pure speculation for now. However, it doesn't mean it can't happen, and that's the funny thing about these markets, you always have to consider every single possibility. A dump to 4,650 USD (27900 USD) is what dictates the direction of the price. There are certain things that must be required before making a viable predication, if it qualifies then it's believable. Just remember, price pumps or dumps in crypto markets must be severe enough to define whether something can turn bullish or bearish. If you look on the 4 hour chart, I've spotted a heads and shoulders, and its still at play right now as we speak. Let's take a step back and have a detailed look. The chart is trying to tell us that the bulls seemed to correct before we hit the neckline, it looks like we might be creating a new higher high or what might be the right shoulder. The size and shape of our right shoulder will determine how much the price will retrace to. I know this article was short, but I wanted to follow up with that recent pump that happened last week. I also wanted point out a few things to look for afterwards. Please stay tuned for my next article, I have some big, crazy, and interesting news to share. Thank you everyone for your time, have a great weekend! P.S. I've decided to accept donations. I'm trying to build a brand and business for my trading career. If you would like to donate, all funds would directly support my mission and vision. I still appreciate each and every one of you whether you choose to donate or not. BTC Donations: 1AuZiofHSqM5gV1ttxUddNovDhEtHgMUgA
BITFINEX:BTCUSD
by CyberStocks
4
Bitcoin head and shoulders on 4h (Short term)Forming head and shoulders pattern which I believe is very likely looking at 4h chart. Indicators like MACD (-6.183) turned negative after false break out and I believe we need to go lower at least in short term perspective. RSI was highly overbought and now also normalizing currently at 67.52. Also drove FIB retracements and if you look at it, we need to retrace to at least 0.382- fib in order to continue this bullish pattern. Scalping is an option here. For those who are thinking to go long, 3850-3800 could be perfect entry with TP at +-4400$. Hope you like it! Goodluck! BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by Patrikas10