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Bullish Engulfing

Past history candlestick analysis for Hartalega On March 8, 2018, an Inverted Hammer + Bullish Engulfing appeared, signifying a change to the down trend. This is further confirmed by the support line in blue. Stock rallied for roughly a month plus until April 12, where a Hanging Man appeared (Note the Hanging Man is not as potent as a Shooting Star, but it still gives the signal that the bullish trend is coming to an end). The trend then start to change. Stock goes downwards and tumbled, until a bullish engulfing pattern emerges on April 25 - 26. Interestingly, this happened 3 times! Triple bullish engulfing pattern! This also serves as a support line, which supported the price level on June 28 - 29. Stock rallied up and hit a bearish Harami pattern on June 11 - 12, signalling that bull has lost it's momentum. Stock drops and hit the support line where a bullish engulfing pattern appears, and then goes upwards until it hits a Doji on July 2. Market comes to a neutral tone and market is unsure to go up or go down.. in the end it goes downwards. Price could go further down until it hits the support line and change upwards, depending on the candlestick formation at that time. If it goes down it would hit the second support line formed by the inverted hammer. Notice the MACD histogram is showing an upward trend, signifying an uptrend of price.
MYX:HARTAEducation
by antaeusguy
Patientoty [PTOY] Long opportunityAs we can see almost all the alternate coins are showing exactly the same pattern after the starting of Bitcoin's downward trend since May. Actually you may get almost on all top 100 crypto-currencies the same pattern in the following 1 to 2 weeks. The same falling wedge pattern is shown in PTOY chart. This time the bullish engulfing candle stick also give a positive potential of a rally in the very near future. So by this you can also try your analysis on this market situation since as said above almost 90% of alts are showing the same behaviour. Entry Level : 1020 sats to 1115 sats Possible Targets Target 1 : 1257 sats Target 2 : 1483 sats Target 3 : 1667 sats Target 4 : 1850 sats Target 5 : 2110 sats Target 6 : 2443 sats Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
Long
by cryptotalk_et
BTC Long Daily EngulfingIt seems during btc downtrend since Jan, out of 14 bullish engulfing candles on daily, only 3 has failed. #1 was a no brainer bad trade as it was near resistance and had no clear down trend before. #2 was false signal #3 stopped out before going up Now we find ourselves on a daily engulfing on major support at 7k. And we are having a pull back. This is a good entry to ride the up coming uptrend if there is any. Buying as close as possible to the bottom of our last engulfing which is at 7050 is key here. This trade has a good chance of succeeding statistically. However, if we stop out we will wait for another engulfing at 6500 which was the case last time price hit this area. Target price is the price for re-evaluation of position as price can still go up and hit the channel resistance as drawn.
BITFINEX:BTCUSD
by DistortedBit
A good opportunity to buy in KNCBTC , Don't miss it.KyberNetwork/Bitcoin New trading suggestion: The price is in an up trend and we forecast the uptrend would continue. But there is possibility of temporary retracement to suggested support zone (0.000235 to 0.000187), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.000235) Ending of entry zone (0.000187) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000274 TP2= @ 0.000313 TP3= @ 0.000369 TP4= @ 0.000440 TP5= Free
Long
by ForecastCity
BTC/USD - Adding Supply & Demand to my tradingUpdate on BTC and highlighting that I'm looking to start implementing supply and demand zones within my trading strategy. I've been looking and studying S&D for a little while and feeling confident to start adding it to the mix. My overall goal is to utilize it and candle patterns as my main strategy. As I've mentioned before 99% of indicators are lagging and I believe straight up price action and supply and demand zones are about as real time as you can get. Anyway, i hope you enjoyed the video. Let me know by giving me a like and leave a comment if you would like to hear more on supply and demand zone.
COINBASE:BTCUSDLong
by Crypto_Sid
BTC with a Strong Weekly Close, Possible Continuation to 33kBTC/USD weekly candle closes green, forming a morning star candlestick pattern. Looking at the past, a weekly bullish engulfing candle followed by a morning star lead to massive rise in price (see green arrows and yellow circles). We may see a similar pattern from here on out. Also, the volume profile of both morning stars gives further evidence to the similarity of the patterns (see orange arrows). Particularly, the 1st red candle of the pattern exhibits higher volume than average. If history would repeat itself, possible targets would be 33k which is the 200% (2.0) fib of the current bull run; this is similar to the previous bull run to 8k (see both fib retracements). A weekly close below 13800-14000 would obviously invalidate the pattern. With that said, I think it would take at least a couple of strong bearish weekly candles to invalidate this setup. Note: Chart is on log scale.
BITSTAMP:BTCUSDLong
by reimadara
Bullish engulfing pattern on short termVery often the downward move on cryptocurrencies is very steep. To catch a moment of reversal I'm using fibonacci retracementool. In moves like this I'm looking for a range between 76,4% and 85,4%. This time the price hit 85,4% and the 4h candle closed above 76,4%. Moreover let's look at Volume of this candle, it's a lot above avereage. This is a good signal confirming, that there is a lot resistance at this level. Taking into account price action formation, we can see Bullish engulfing with confirmation. The candle marked with red arrow engulfed previous red bar. In my opinion price will get back to blue trend line, than the bears will strike back.
BLong
by fosis