After higher time frame completion of bullish flag pattern and a strong push to the upside we are witnessing a bearish flag pattern entry taken on third touch.
Anytime Bitcoin starts to get volatile I've noticed the best patterns to find are the wedge.
Or the Dorito pattern as I like to call it.
These Dorito opportunities play out over and over again on a very regular basis, maybe every 2 - 3 days, and are quite effective at catching the breakouts.
Patterns of course can have fake outs where price breaks out of a...
With this idea I wanna bring attention to a possible W pattern playing out in the Bitcoin chart. I am currently short from 6950$ and looking for a bounce around the 5500$ range. W patterns are very common in a Bitcoin bear market, as you can find them in:
April '14
October '14
February '15
It's still too soon to say though, but if we go towards 5500$ I am...
I personnaly think that it's better to use many draws to find a pattern that could fit in the chart, be historically correct, and happen. Sometimes the simplest things are the best !
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that there is an inverted cup and handle chart pattern. Cup has been formed if the pair makes the handle one can wait for the handle to form and then take a sell call. If,...
title says it all. im scraping USDJPY bearish
Plus there's a W Formation on the 1 Week chart.
Just trading the pullback before the eventual rise.
Don't mind the fib unless you're interested?
Symbol: GOLD
Gold is playing an ascending wedge formation.
Be prepared to play the breakout levels.
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Hi guys,
The pair is following a bearish direction, as you can see in my chart.
It is clearly visible that the median line (in red) fits perfectly with the price and I am looking now for the price to break this structure to the downside.
I will enter upon a pullback in the channel zone and will target the bottom of the pitchfork.
It's a 50+-pip trade !...
my chart shows that we did not have enough power to break through the support line therefore we will see exciting gains ranging from 100-200$ if not more within the next 5 hours!!!!!!!!
IPI is a good one for a conservative 100% gain in 3 months. Good P/E, consolidation on the 4 hour chart, and Zacks rating upgrade. It is also following a pattern that is present on the weekly chart. It appears that we are at the bottom of a "U" or a "V". IPI is a good one to do some research on.
Evening Traders,
Today’s technical analysis will focus on MATICBTC, breaking out of a symmetrical triangle with strong bull volume, currently facing resistance from the 200 EMA.
Points to consider,
- Macro trend bearish
- True pattern breakout
- 200 EMA is local resistance
- Retest of local support probable
- RSI in overbought region
- Stochastics in...
