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USD/CAD Repeated PatternThis is Daily chart , so if you wait for whole thing to repeat (2016) you must be patient..... I dont have any bias on this one yet... But i prepairing for SELL only in week or two.... ( if we reapeat and break assending channell) We see patterns like this and all other patterns repeating all the time , so be smart and do not rush into this one before it give you good setup! If you want to buy-sell go lower time frames and see is there any short term oportunity.....
by IvanKumburovic
Understanding the channel trading strategy.After Ascending wedge breakout and channel formation. Etherium slowly gaining momentum went to the top of the channel. You saw it bounce off of the resistance line three times (triple top sell signal) and then make a sharp dive to the bottom of the channel. Once it reached the bottom of the channel and reversed, you saw it turn around sharply and then make a small pull back again. At the pull back is the point where you would reenter the market, since then it's just gone up and then sort of fizzled out. I think what you want to see here is a bounce off the bottom of the Channel with the slight pull back, then two green candles -On the 15 minit chart- then buy back in. One of the reasons for the fizzle is the extreme trading activity in Bitcoin, but you'll notice that it once again has hit the bottom of the channel and we are waiting for it to turn around. Now as long as this bottom of the channel at around 433 stays above the pull back bottom of 422, I think we're still in a long position. If however it breaks out of the bottom of the channel and starts going from the purple to beyond, I would look for a 30 to 50 Point correction starting at 422.
COINBASE:ETHUSDLong
by frogwraps
2
My View of LTCThis is my view of Litecoin. From what I see it has been for the most part trading in an upward channel, I could see this continuing over the next couple of months, giving traders buying opportunities near the lower trend line and selling opportunities near the upper trend line. I have not really been trading Litecoin, I am in it more for the long-term (min. 1 to 2 years) so I mostly just buy on any dips, I did, however, sell a large portion of my position when LTC spiked up over $90 and have been rebuilding my position ever since.
COINBASE:LTCUSDLong
by Bigsky_Crypto
12