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Bullish Patterns

EW ANALYSIS: Ethereum Just Finished An Expanded Flat CorrectionHello Crypto lovers! Let's talk about Ethereum! Well, just like Bitcoin, even Ethereum made sharp and impulsive five-wave rally at the end of December in 2018. And such sharp legs usually indicate a reversal, at least for a bigger correction of a higher degree! So, after that impulsive leg A/1, ETHUSD dropped into a wave B/2 correction, which we see it as a big expanded(irregular) flat pattern! Flat corrections are made by three legs into wave "a", three legs into a wave "b" and motive wave "c" should be completed by five waves. And, as you can see, Ethereum made a clear 3-3-5 expanded flat correction back to ideal 61,8% - 78,6% Fibonacci retracement and 100 support area! That said, we believe that Ethereum can be ending a big a-b-c expanded flat correction here in wave B/2, from where we should see a bounce back to highs for a wave C/3. So, if ETH turns sharply back above 120 region, then we may start considering bullish scenarios. However, ETHUSD may go even more complex here, so as long as it's moving above 80 invalidation area, we will remain bullish! 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:ETHUSDEducation
by ew-forecast
16
ULTA update: watching for the FOMO bulls' next moveThis educational screencast is I hope useful in showing how price action can be assessed from various perspectives. It is now pretty late in the game to short ULTA. See ULTA - Journey South ? (from 20th Nov 2018). I expect FOMO bulls to rush into ULTA, fighting for a few crumbs! LOL. That expectation is based only on human psychology. Make no mistake, it is psychology that works at the tips of the markets. See also what happened to FOMO Bulls in NVIDIA . I re-emphasise that I have no need of working out where price is going to go. I'm using a probability model instead of a 'predictive' model. Hence - no targets, only controlled acceptable losses.
NASDAQ:ULTAEducation
by Captain_Walker
NVIDIA: FOMO bulls beaten badlyIn my previous screencast of 17th November, below all this text, is the story of someone (not from Tradingview) messaging me to ask if NVDA was good to buy. They were disappointed when I simply said "No". In the current screencast I follow up on how the FOMO bulls were punished for attempting to hunt a gap too early. This screencast is not advice. I am not saying that NVDA will not rise again. The point of this video is solely about appreciating when not to go in . I'm not saying that now is a bad time or good time to enter long. There are lessons in this: 1. If you're with the trend it can be your friend, else it's your enemy! 2. Avoid news and social media crowd sentiment. 3. Avoid gurus.
NASDAQ:NVDAEducation
by Captain_Walker
ANAB - "ANAB-tomy" Of A Winning Long Trade?Sorry for the stuffy nose! Nonetheless, here I talk about qualities of a trade that help determine it as a winner. This is just a short version of what to look for, just to give some of the things to consider in the process. As a general statement, there are 2 things that make up a stock: technical factors (price behavior) & fundamental factors (financial statement info). Fundamentals are important for longterm investments where company growth & strength are important, since over time, more people will get interested and buy the stock in the future for further price appreciation (5-10+ years for a solid investment). Simple fundamentals just looks at company profits and how much cash the company has access to, but for a detailed fundamental analysis, the company will need to be known and understood on a very high level as if the investor is one of he founders of the company. Before the investment is made, you must know almost everything about how goods/services reach the consumer/customer. For a trader, correct technical analysis is most important (everyone can do technical analysis, but it takes time to do it in a more realistic fashion without dreaming too much or trying too hard to predict a specific future price action). The more factors that favor your objective to buy the stock, whether as a trade or investment, the more likely you will win from the trade. Here is the list from the video: 1. Technical favor -Price accumulation: price usually builds up slowly before exploding upward in an uptrend, with only few/small price corrections in the trend (it is hard to see this early but it is typically only obvious late AFTER the trend has started) -Volatility contraction-expansion: I talk about this all the time I'll skip it; it is very important to always look for though -Price eagerness to increase: when price keeps trying to push upward to newer levels, this tells that at least there are also other people who see the stock going higher and are willing to put their money on the line for it -Supportive base: the price action should show you that the price has no interest in testing lower levels, which means there are no aggressive sellers, investors or other traders are not selling off and there is a positive sentiment toward the stock -Industry/Sector performance: this was not included in the video, but it usually gives you a great technical context especially when you are diversifying or trying to pick a home run stock (it's still very difficult to pick one though) 2. Fundamental favor (if considering longterm investing) -EPS growth past 3-5yrs (should mirror revenue/net income): this tells you the company's plan to grow/expand and make profit in the process is working, and hence the company is still appealing to old and newer investors -Free cash flow: I didn't explain this well in the video, but I meant to say that a good cash flow means the company has cash on hand aside from other assets to be able to pay off any debt or sudden expenses today if the need arises (this is a very simplified version just to give you an idea) Let's see what ANAB can do! Looking forward to comments or PM discussions.
NASDAQ:ANABEducation
by themdtrader
[b]Catching the PIP's with my sonar radar Setup[/b] FX:GBPUSD Description: GBP/USD shows strong support within DeMarker indicator (DeMarker was used to replace RSI and Slow Stoch) MACD and MACz Vwap shows continuation of the bullish uptrend for hourly and daily chart high time-frames Within opening bell wait for Fractals v9 TUX EMA Scalper and CM_PSAR EM Envelope confirmation for the entry positions. Put your S/L within the EMA BB and use MTF EMA and 3EMA as the support and resistance of your positions. Look at the different time-frames to minute, hourly and daily for trends and patterns This is good for intraday/swing trades not scalping short time frames. If you want to scalp look for Fractals v9 TUX EMA Scalper and CM_PSAR EM Envelope confirmation . Good for traders sitting at the desk waiting for the trend confirmation. Very High expected PIPs return when the strategy followed the trend. Good luck traders and happy hunting !!
Education
by razeswag77
Study: Crypto Mentality Shift - Potential Bull Market Trigger?Hello and welcome to the revision of my working theory regarding market patterns in cryptocurrencies. This analysis follows my previous write-up regarding why intra-day traders in cryptomarkets should focus on alt-usd pairs as opposed to BTCUSD, found below: In this analysis, I focus on the 4-hour timeframe as opposed to the daily timeframe found in the original. This is due to my impression of a change in market mentality, rendered by BTCUSD's most recent upward thrust from 6,750 to 7,350. During this movement, many alt-usd pairs followed BTCUSD, although some lagged in performance. However, in the following days - as BTCUSD consolidated at the 7,300 level following a rejection of the 1.618 Fibonacci level from the previous week's range, many alt-usd pairs retraced the majority of their upward movements that mimicked BTCUSD. I have been closely watching beta and correlation levels in this scenario, as I believe this is an important signal and should not be discounted by traders in the space. What we are seeing is a weakening of a long correlation pattern between BTCUSD and alt-usd pairs, with a weakening beta on alts. It was always my belief that this correlation would break, as per the previous study. However, in the current state of the market, we see the correlation break favoring BTCUSD, meaning that BTCUSD is maintaining its new-found value at the expense of alts. Given this developing relationship, a strengthening BTCUSD will attract more alt-traders, while alts will continue to lose strength and therefore value. In addition to this, as the trading volume in BTCUSD has been declining over the majority of the YTD, it is very possible that we will see a large volume breakout on a daily level, which again - will be funded by declining alt coins. Overall, this would give BTCUSD a good push for further uptrend progression. I believe that BTCUSD has a high possibility of reaching levels between 7,700-7,850 in the near term, but this will be a painful journey for alts, as traders of the previous mindset (high correlations, high betas) will attempt to push alts. I strongly doubt most alts will exceed their local highs, which were developed on BTCUSD's push to 7,350. This is simply because the alt-usd retraces seen during BTCUSD's consolidation are simply too large, which deter the confidence in the alt market. Those who did not take profit on the initial rise will be anxious to get out, keeping the selling pressure on alts strong. See chart below for my BTCUSD targets: My theory is further reinforced through an analysis of 4-hour betas and correlations on an individual basis between large cap alt-usd pairs on Bitfinex. This collection of low 4-hour betas (SMA-smoothed on a 3-period basis) amongst the entire grouping has not been seen since February/March. If this trend continues, we will begin to see negative betas (negative correlations). In conclusion, my theory is that a market mentality shift is taking place . Traders are willing to remain bullish in one asset class (BTCUSD or alts-usd) while the other asset class is declining. In our case, this currently favors BTCUSD. While this shift may be painful in the short term for alt-usd pairs, this is a very bullish sign for the market. This means that people are able to maintain their confidence in cryptocurrency as a whole. Previously I noted high correlation and high beta patterns, that implied that sideline money was coming into alts-usd and BTCUSD simultaneously, as well as exiting both markets simultaneously. This change implies that the money will begin to flow in a cycle, from one asset class to another, allowing the market strength to develop and gradually begin a bullish cycle. tl;dr: Times are changing - we are potentially entering Timespan D. Thank you :)
BITFINEX:BTCUSDEducation
by checkm8
6
Bitcoin's Subwave 5 of Wave 3 in is motionGood morning, traders. It's Thursday and Bitcoin is moving as expected at this time. On last night's live stream I spoke about how we expected to see one more push upward toward $7700-$7800 to complete a possible subwave 5 of this Wave 3. Following through in such a way should give price the look of the previous pattern which occurred prior to the breach of the lower supply zone at $6900 and it would allow price enough room to print a shallow Wave 4 since we have a deep Wave 2. This would set up a Wave 5 push either into, or through, the upper supply zone (large green box). My thought is that if price manages to breach the top of that zone, then we should expect FOMO to kick in as shorts cover and/or are liquidated thereby causing price to breach the descending resistance line of the large descending wedge at that time as well. Failure to breach the top of the supply zone will likely see price dropping back for a correction before beginning Wave 1 of the new set and targeting that breach. The 1H chart shows us the two yellow boxes that I am comparing for further movement to complete the possible subwave 5 toward the 1.272 extension in the supply zone before dropping back to the $7250-$7350 area to complete Wave 4. RSI has made a move above its resistance at 58 which usually indicates a push into overbought territory, bringing price upward with it. MACD just printed a bullish crossover an hour ago, as well, and OBV is printing higher highs and lows in unison with price. The 1D chart shows price pushing against the bottom of the cloud. My primary expectation on this time frame is to see that push complete into the cloud and then see price ride along the bottom edge of the cloud as it completes Wave 4. Wave 5 should then, as mentioned above, breach the confluence of resistance and target the R2 pivot/2.618 extension. We will have to watch price action as Wave 4 completes and Wave 5 begins to know more, but this is the movement I am watching at this time. Also notice that we have had 5 days of green in a row, with today looking like it may be the 6th. The only time we've seen so much green without a daily pullback is during the bull runs prior to this corrective cycle.
BITFINEX:BTCUSDEducation
by Chris_Inks
5
The GartleyThis is another common harmonic pattern which can be used to great effect. The gartley has the following ratios AB: The AB move should be approximately 61.8% of the XA size. BC: The BC move should then reverse the AB move. At the same time, the BC move should finish either on the 38.2% Fibonacci level, or on the 88.6% Fibonacci level of the prior AB leg. CD: The CD should be a reversal of the BC move. Then if BC is 38.2% of AB, then CD should respond to the 127.2% extension of BC. If BC is 88.6% of AB, then CD should be the 161.8% extension of BC. AD move then takes a 78.6% retracement of the XA move. Deep self-exploration of the individual unconscious turns into a process of experiential adventure in the universe-at-large which involves cosmic consciousness.
BITFINEX:NEOUSDEducation
by RaoulHayes
4
The Bullish Cypher Harmonics and sacred geometry are all around us. If we are perceptive enough, we are able to observe the laws of nature as it adheres to certain geometric and harmonic ratios while it performs it's beautiful expressions of matter and its interactions. In trading too, price follows the most harmonious path possible. This is an example of one such tried and tested pattern which has led to success many times consistentl, the Bullish Cypher. Ratios are simple, AB movement should be 0.382 to 0.618 retracement of XA. BC movement should be 1.272 to 1.414 extension of an XA. Movement CD should be 0.786 retracement of XC. The beautiful forms of life upon the earth combine and swirl and couple and embrace in the most incredibly intricate, divinely magnificent spectacle conceivable.
BITFINEX:BTCUSDEducation
by RaoulHayes
2
Research! Research! Research! I smell blood.I don't disagree with the notion that right now we are set up almost identical to the market in 2014. I don't disagree that we probably have a while longer before we see a bull run. But I am pretty confident we aren't going to see 2+ years of bear market and I don't think we will see a 2+ years of bull market after. I think what we are experiencing is the final days of true manipulation, the beginning days of true adoption, and a culmination of some really strong forces. The noise will continue, but the rise will be more steady. Let me explain... Maybe we haven't hit rock bottom but with the bulls crying their eyes out and people shorting so sure of themselves, I would say that it's a pretty good time for some or all to get wrekt. Think about it. There is a moment when you can make both animals cry. The minute of reversal where it's obvious that a massive gain is coming, but hasn't yet so the shorts get liquidated because of the lack of coverage. And then there are the bulls that so badly want something to moon, but in reality it's going to be a slow steady climb. Going back to the rate of adoption, think of the bell-curve that happens. No where in that curve is there a break. Adoption and price accelerate through about 1/3 of the total life cycle. There is however sometimes a chasm, much like the described perilous valley in the accepting of humanoid robots, that causes confusion before all of the early adopters get on board. The only thing there is to determine is how long the life of a cycle will be. In my last post I messed around with GDPs of five countries. I found at just one percent of their GDP in crypto-currency, the number is actually a little more than what the current market cap was listed at that day of 299B. In a perfect world right now we would see enough growth through adoption that we could take profits and new money coming in would offset the profit taking. But instead let's see what a macro story can tell us. Right now there just aren't enough retail stores taking crypto to make a difference but what happens when that threshold is crossed. 1. Some one buys something with crypto. 2. Price of crypto goes up due to fiat entering a market. 3. Amount of fiat in cirrculation goes down 4. No reason to sell crypto for fiat because enough retail to sustain oneself. 5. You get paid in crypto from work. 6. You buy more stuff gradually shifting more GDP to crypto. 6. Cycle repeats. This is what we should be striving for but due to where we are in this adoption cycle right now we are still ironing out wrinkles and people don't see a bigger picture. So Research, Research, Research! Prop up your own currency and figure out how you can make actual differences. Lastly, sniff around for the blood. Look at opposing views and see who is either scared or overly-confident. Just like bulls think the market will go up even in the short term, bears tend to think they will continue going down in the long term. Refer to my Buddhist approach to investing for inner peace if you seek the middle ground. ;-)
BITFINEX:BTCUSDEducation
by whiprush3
3
Wedge Pattern on OIL Suggests A ReversalCrude OIL has been in an uptrend since June of 2017, a five-wave cycle that can come to an end. Specifically, we see energy trading within an uptrend channel, currently in the fifth wave that is testing the upper parallel resistance line where the fifth wave can look for a top. In fact, we see a wedge pattern forming up in the last month or so, which is normally evidence of a bulls slow-down. This is also confirmed by divergence on the RSI that is very common when comparing highs of wave three and five. That being said, rather than looking and building any new bullish set-ups in this phase of a trend, we suggest being aware of a potential retracement of a higher degree. Resistance area is around $73.00 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:USOILEducation
by ew-forecast
2
SYSUSD: Syscoin Is Forming A Recognizable Pattern!Hello Traders! We found very interesting coin with a known pattern and that's BITTREX:SYSUSD ! Well, as you know we are tracking many patterns like this one, for example NEO, OmiseGO, Ripple and Dash, which have, in our opinion a clear bullish setup. Five-wave rise into wave A/I from lows suggests a bullish reversal and slow three-wave pullback into wave B/II means correction. So, if we respect the price action and EW theory, then wave C/III up is a third wave of a minimum three-wave expectation. In any case price can go back to highs, but as we know wave III is the strongest and the most impulsive wave, so who knows how far can explode. As you can see, Syscoin already jumped from very nice 0.35 support level around ideal 61,8% Fibonacci retracement, which means that correction can be completed, but we want to see a break above 0.49 level, which would confirm a new bullish cycle for wave C/III. We will remain bullish, even if price goes lower below that support at 0.35 level, as long as it's trading above 0.24 invalidation level. 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.
SEducation
by ew-forecast
1
How to use the Moving Average Convergence ModelThe "Moving Average Convergence Model," also known as the "MACD Model," is one of the most widely used indicators for trading endeavors. It consists of two lines representing the short term and long term moving averages. The blue line represents the 12 day short term moving average or SMA for short. Likewise, the orange line represents the 26 day long term moving average or LMA for short. As shown in the chart, the SMA recently confirmed it's drop below the LMA. This drop displays that in the short run, the stock's price has moved below the long run average. Knowing this, you can imply that the support level has been broken and the asset will begin its decent in price. In the past, you can observe how when the orange line is above the blue line, the price plummets. And while the blue line is above the orange line, the stock price increases. To Get Started With MACD: 1) Head to your chart and hit the "Indicators" tab in the top middle. 2) Type "MACD" in the search bar 3) Start off with the original one at the top, as you become more advanced with the indicator you can pick and choose a better option for you Typical Intervals May Be: - 12:26 (typical interval) - 13:34 (for very short term trading)
TEducation
by willgeorgejr