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Bullish Patterns

XBT Really Struggling to break Resistance Back to 5800???XBT has tried to break that key level of resistance multiple times now, the more times it is rejected the weaker it gets. after a quick spike up to 7300 last night we still closed below that resistance level. yesterday we broke the supply zone so you will see I have made the new supply zone which is at high 7's at this stage in my opinion if we close above res we will be heading up to the 7800 mark however over the next few days I will be keeping a close eye on this trendline. (the trend is your friend) if it doesn't respect the trend then down we go to 5800. Trend bias still bullish over the weekend I will post some other bitmex pairs for you guys 4hr XBT
BITMEX:BTCUSD.PEducation
by CryptoTennille
EW Analysis: USD Index Slowed Down Into A CorrectionHello traders! Today we will talk about the most interesting currency in the last month - US Dollar. As you can see DXY made strong and impulsive recovery recently, mainly because all the assets were down due to panic across the world and also financial crisis, so investors are rather in cash now and that's why is USD so strong. USD is currently down, but looking at the bigger picture, seems like it's just testing previous resistance area as a support here and the main reason why we are observing potential support is a three-wave a-b-c corrective decline from the highs. As you can see, there's a chance of a triangle in the middle, which in Elliott wave theory occurs only in waves "b", "4" or "x" and in some cases even "y". So, if that's the case, then a recent decline from the highs should be corrective, because triangles cannot occur in wave "ii", which means that we should be aware of a limited downside and potential bullish reversal soon. Of course, every analysis needs to be confirmed before you may act, so only if we see sharp and impulsive recovery back to 101 region, only then we can confirm a completed corrective decline within uptrend. Be humble and trade smart! If you like what we do, then please support us with likes and comments! Thanks! All the best and stay healthy! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
TVC:DXYEducation
by ew-forecast
3
USDCHF Can Be Finishing A Big Bullish TriangleHello traders! Today we will talk about USDCHF in which we see an interesting wave structure. USDCHF is trading in a big sideways range since 2015 and more and more looks like a big bullish triangle formation in wave (B) that can be approaching the end soon, ideally this year in 2020. We see it actually in the final stages of subwave E of (B), which is clearly falling in a corrective structure with three waves a-b-c, so if that's the case, then downside should be limited. Well, if USDCHF finds the support and bounces in an impulsive manner here around the corrective channel support line and lower red triangle line, then we can start considering bullish scenarios, but keep in mind that only an impulsive rally back to 1.00 – 1.02 levels and decisive break above the triangle line can be a confirmation for a completed bullish triangle that can send the price even much much higher towards 1.10 – 1.15 area. Be humble and trade smart. If you like what we do, then please support us with a like. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Education
by ew-forecast
10
#BTC Bullish Flag Pattern 1D#BTC is showing a bullish Flag Pattern on 1D , which includes -as we know- - The flag pole - The flag - The continuation The Flag pole, starting from the bottom at 6875 which represent a major support and was a big price bounce from it, ends at 10427 the Highest price in this trend. the flag was formed after the correction starting from the previous 10427 level until -+ 8350 which was a good support on Jan. 24,2020 to bounce from it and continue the uptrend. the Continuation Started as I think from the previous level @8350 zone and will go up with some corrections from time to time to reach 11831 , Many of you will ask why that level (11831) ? The point is that the flag pattern when formed, we take the length of the Flag pole , and clone it when the flag is formed, so I expect to see the same length of growth to 11831 , the same level is a major Fibo level 1.618. If you like my idea, Like or comment, share your opinion, don't be shy.
COINBASE:BTCUSDEducation
by Crypto2AF
Technical Analysis Education - Simple TA on Weekly Chart - XJOTechnical Analysis Education: ASX200 (ASX - XJO) Weekly Chart For those of you out there who are new to trading, I like to keep my TA simple and clean. I also like to look at the bigger picture to understand what's happening right now. There can be a lot of confusion when an event such as a market crash happens. We can be reactive and emotional, which is normal, but not helpful. See below the #XJO which tracks the ASX200. On the weekly charts its a clean upward channel, going through from the end of the GFC to now. Strong bullish trend with healthy pullbacks (corrections) You will note that the points value moves within this channel, bouncing as it goes. Some points to note on the chart: 1. We are still in a #bullish market trend on the weekly timeframe (exclude the smaller time frames) 2. We haven't broken any major support levels. 3. We can expect to keep falling at least another 6% to said support. 4. We are still within the key #fibonacci levels of 38.2, 50 and 61.8. These are healthy retracement levels. When to be concerned? If we broke through our trend lines and fell below 5,800 points, we could potentially fall to 5,000 points or lower. Make sure to look at the big picture! Hope this helps
ASX:XJOEducation
by glennleese
2
GBPNZD SUPPORTThis is a good example of using support to your advantage when trading. If you look at the two highlighted areas at support price created bullish engulfing candles. It was a matter of time before price was going to take off. Finally price slow down giving some consolidation this could be a potential entry for a buy. Been able to secured an overall of 160 pips with only risking 30 pips. This is just an example of how you can support or resistance and candlestick structures when you maybe unsure about a trade.
Education
by pliger4
SNAP INC – Snapchathers on the way up (Continuation)Welcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. SNAP INC – Snapchathers on the way up (Trend Continuation) Trend: Strong Buy Support/Resistance: R2: 28.18 R1: 23.78 S1: 18.25 S2: 14.36 Price action: Overall bullish flow is very strong. Snapchat trending is in very good continuation shape. The only way to get higher at this trending idea is following potencial bull targets. If the price get denied at straight away move up, then first buyers support to prove non-faker pattern is at 18.25 level. Potencial trade idea: Bulls targets: T1: 23.78 T2: 28.18 NOTE – We are trading SNAP INC via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
NYSE:SNAPEducation
by EliteFxAcademy
AUDUSD Inverted Head N ShouldersFor those that may have issues identifying inverted head n shoulders. You can use the higher time frames to see if the picture is clearer. The lower time frames can give you a lot and make a bad trade setup especially if you are not with the trend or not near significant price. By that I mean if you are not at resistance or support, if you find yourself in the middle of nowhere let price touch that area first then reactive after. You could have enter at the right shoulder at the opening of New York session, fortunately this trade had no drawdown but you could have given your self a 15 pip stop loss. This overall trade hit TP for 55 pips it took about a day because AU is a slow moving pair.
Education
by pliger4
EW Analysis: Bitcoin Can Be Bullish Confirmed NowHello traders. Today we will talk about Bitcoin from the Elliott Wave perspective. After that strong and impulsive rise in the first half of 2019, BTCUSD has slowed down in the second part of 2019, but clearly with slow and complex W-X-Y corrective structure that can be also finished with an ending diagonal (wedge pattern) in wave Y, which is actually a powerful pattern and it usually indicates sharp and impulsive reversal. Not only this, we actually got a five-wave bullish reversal, which in EW theory signalizes a potential bottom at 6400 level, at least a temporary one. But, after every five waves, a three-wave a-b-c pullback follows, ideally into a higher degree wave B/2. So, before a continuation higher within wave C/3, we should be aware of a slow down into a correction, where ideal support would be between 8200 - 7700 levels. All that being said, we believe that Crypto market is turning bullish, mostly because of strong and impulsive five-wave rally from the previous lows. Even some ALTcoins made nice and clear five-wave rise, so those Cryptos can easily see more upside, just be aware of a deeper three-wave a-b-c corrective decline soon before the uptrend resumes. Be humble and trade smart! If you like what we do, then please like and share our ideas. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:BTCUSDEducation
by ew-forecast
9
Bitcoin Space Launch - a basic EMA pictorial (Bull Run to 9k)Use snapshot link below if the text and objects are overlapping. Sorry, I'm still learning how to publish content. Tips and suggestions welcome! What is this? Quickly learn some basics on EMAs (Exponential Moving Averages). Right.. the E does NOT stand for "Emotional"... However, if your are trading too often without making gains, then you may need to learn about those too! Also, don't get upset with me if BTC crashes tomorrow... Which reminds me to inform you that... I am not a professional, but I do invest responsibly and believe that you should too! Please do you own research! (DYOR) If you dig this pictorial or the full history chart of BTCUSD, then please give a Like! Also, I believe you can "make it yours" for future reference by click on the share button and selecting "Make it yours". Thanks and enjoy your trades!
BITSTAMP:BTCUSDEducation
by i269
USDJPY – Buyers already in good shapeWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. USDJPY – Buyers already in good shape Trend: Buy/ Neutral Support/Resistance: R2: 111.046 R1: 110.234 S1: 109.938 S2: 109.726 S3: 109.316 Price action: Price is still waiting for finnal usdjpy break at 110.234 resistance level which will prove bullish trending idea. For now we might seen some retracements, but overall USD currency is at strong bullish sign. If buyers broke first resistance then we can expect potencial bullish target at 111.046 level. If sellers still have some power to retrace strong enough, then price flow can fall into potencial bulls range. Potencial trade idea: Bulls targets: T1: 110.234 T2: 111.046 Bears targets: T1: 109.938 NOTE – We are trading USDJPY via the preferred trading setups by EliteFxAcademy Disclaimer : Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
EURJPY – Price is at waiting bullish momentWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. EURJPY – Price is at waiting bullish moment Trend : Strong Buy Support/Resistance: R5: 124.680 R4: 123.517 R3: 123.392 R2: 122.526 R1: 121.751 S1: 121.354 S2: 119.996 Price action: This currency pair is at the moment on very strong bullish edge. Because we can't decide yet, it is better to wait for finnal Elite strategy sign. For everyone who is not yet Elite member we recomend that price broke First resistance level and then test Second resistance level. If Buyers are able to break second important resistance level which is marked as last daily higher high, then price is expected to see following targets. Potencial trade idea: Bulls targets: T1: 122.526 T2: 123.392 T3: 123.517 T4: 124.680 Bears targets: T1: 121.751 NOTE – We are trading EURJPY via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
CADJPY – Buyers in front of positive and save wavesWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. CADJPY – Buyers in front of positive and save waves Trend: Strong Buy Support/Resistance: R4: 86.294 R3: 85.492 R2: 84.616 R1: 83.938 S1: 83.557 S2: 82.910 S3: 82.144 Price action: Price is moving very slowly and is trying to get bounce at current price at 83.877 where is last higher high. That means we are at very strong decision spot, where the flow will come up to decision. Because price got up at recent higher high level, it has to retrace from first support at 83.557 level and then move up to first resistance level which is at 84.616. If the price is able to hold above first resistance level, then buyers have open area to higher targets we mentioned below. At the moment this currency pair is more bullish then bearish, from many different courners that every Elite trader have to recognize by using Elite strategy. Potencial trade idea: Bulls targets: T1: 84.616 T2: 85.492 T3: 86.294 Bears targets: T1: 82.144 NOTE – We are trading CADJPY via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy