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Asymmetricaltriangle

Asymmetrical Triangle - ?Some new artwork on BTC, an idea - forming an asymmetrical continuation trend; RSI looks like it could be gaining steam, possibly bullish due to halving and possibly supply decline can drive further momentum, at the moment no evidence of meanginful volume increase or decrease to indicate a movement in either direction, although slightly slanting to 4 degrees to the downtrend possibly indicates a short term bearish move. Could be completing the handle of the 5 year cup and handle I hypothesized about earlier.
INDEX:BTCUSD
by UnknownUnicorn10750370
Solid Small Caps for EarningsAnyone finding interesting setups in small caps this earnings season? These often have more reliable patterns for swing trading. Since they are largely under the radar of the retail crowd, institutional patterns can be clearer. NASDAQ:CERE is an example of a stock coming up in TechniTrader scans today. It has 88% institutional holdings. A compression pattern is developing. HFTs have been in it recently, possibly due to intermittent accumulation. The strengthening of the sideways action is particularly visible with the RSI indicator. Dark Pool accumulation tends to cause controlled sideways patterns like this, a key ingredient for what we call Relational Technical Analysis at TechniTrader. Because this has had a swing-style run out of the last compression pattern at a low in this longer trading range, a swing trade could be considered on the breakout, either above today's high or above the last resistance level for a more conservative entry. (Green lines on the chart) My target would be 31, but of course I'd be watching for exit signals or an extreme pattern to take profits early. Stop loss at the red line on the chart. A more aggressive trader could look at an entry ahead of the close today if pro trader patterns emerge in the last 15 minutes with an exit shortly after the open if a run or gap up develops for an EOD to FOD trade. Happy Trading! Guest author: Mele Ainuu, Senior Technical Analyst, Student Support @ TechniTrader
CLong
by MarthaStokesCMT-TechniTrader
1
Gold : Asymmetric Triangle Formation Gold : Asymmetric Triangle Formation and possible breakout to either side, one can wait for the breakout before initiating any trade in gold, Once the breakout is confirmed then you can make your move to one side. Normally such type of chart formation false breakout also occurs so be-aware of the false breakout , it is always better you wait for the first breakout to fade out then make entry. High chances are there of false breakout in the first place then the real breakout will happen. so be careful and don't lose money in hurry. Someone rightly said:- Trading is about 80% waiting and 20% execution.
G
by Devjitrader
BTC- SYMETRICAL TRIANGLE IN PROGRESS !Once again, the magical Fibonacci retracement occured... Indeed, yesterday, the BTC filled its 50% Fibonacci retracement @ 40'340 (which is also by the way the KS and the 21 DMA ! (intraday being slightly higher @ 40'387) Currently in a SYMETRICAL TRIANGLE IN PROGRESS . BREAKOUT IMPLICATIONS COULD TRIGGER A MOVE OF + / - 3'099 pts !!! TARGETING RESPECTIVELY (currently ) : 43'200 TO THE UPSIDE 35'100 TO THE DOWNSIDE RECOMMENDATION : WATCH ON A DAILY CLOSING THE POTENTIAL BREAKOUT LEVELS WHICH ARE, FOR TODAY, THE FOLLOWING. : SUPPORT. : 38'200 RESISTANCE : 40'200 4 HOURS Magical clouds too,,, Currently still just above the MA 21 @ 39'400 and the Kijun-Sen @ 39'250 A failure to hold and stay on a 4 hours closing basis above the KS would be the first intraday warning signal, calling for further downside. Please, also take note that a RISING WEDGE is now alive in this time frame (target 38'700) 1 HOUR (H1) Currently supported by the hourly clouds support are which has already been tested twice (yesterday and a couple of hours ago today and as the thickness of the clouds becomes very thin (twist) in a couple of hours, this support area should be seen as very fragile and a next breakout attempt will be difficult to be rejected... Any comments or suggestions are always more than welcome :-) Do you like my analysis and you think it bring added value on your trading strategies ? If the answer is YES, please to like it first and for those who do not follow me yet, please do not forget either to add Ironman8848 in your following list. Many thanks in advance. Have a nice trading day. Regards IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
Back into a triangleNOTE: chart pattern's lines are drawn according to 4h chart but in order to show better the pattern I chose the daily one. UMA had recently broke out from a falling wedge, created a new HL and was on a promising trend, also I had noticed a Cup&handle which was working out well. However in this market were people (and bots) sell when BTC goes down all it takes to mess things up is a panic sell and that it was. during last two days BTC made the market dump hard, so hard it changed many patterns and UMA is among those. Recent drop invalidate what I said so far, I personally think this is now a triangle. From this point of view I won't the price to go a bit lower and touch the bottom of the triangle, I actually would like it because this would strenghten my pattern interpretation but UMA has shown to be very, very influenced by BTC so if BTC goes down UMA will too. Target and resistance (the violet one is wider a resistance zone) are on the chart. if you wanna enter wait to see if price starts going up or if try to tests the lower of the triangle. Sooner or later history will repeat itself and UMA will go over 40$
by Shotokhan
1
LONG - GO - Trading OpportunityAfter an amazing run more than doubling it's price, BINANCE:GOBTC has been making an asymmetrical triangle for the past week, which is looking quite good at the moment, will probably wait for another touch at the bottom before entering so we can have a safer position, buying on a retest of the breakout would be the other way we can approach this. Entry: 0.00000200 Target 1: 0.00000239 Target 2: 0.00000275 Target 3: 0.00000314 SL: 0.00000188 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
GLong
by ElMomento
1