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Candlestick analysis

Bitcoin Analyze (Candlestick Analysis)!!!hi, I hope that you took profits from my previous posts😊 (If Yes, please comment). Today, I want to talk about some Candlesticks Patterns that we saw these days( Around one Month🌙). Bitcoin Analyze ( BTCUSDT ) Timeframe Daily ⏰ Location: Still, Bitcoin is running on our Descending Triangle , and It close to the lower line of the Triangle (Support zone: 31620$ until 30960$ (Support + Cluster of Fibs+ the lower line of Descending Triangle ) == Heavy & important Support). About Candlestick analysis : I was able to find Bearish Engulfing Pattern on the upper line of Triangle (Point C) + Morning Star Pattern on the Lower line of Triangle (Point D) + Evening Star Pattern at Point D (Fake Break) == All of these patterns were REVERSAL Pattern, but, now I can see Falling Three Method Pattern ( CONTINUATION Pattern) on the Lower line of Triangle (Point F), so I am expecting that Next Daily Candle will have RED Body. RSI Analyze: RSI is running at Descending Channel, even we can see two fake breaks on this way, also I found Head and Shoulder Pattern on the upper line of our channel, if RSI breaks necking line, probably RSI will close to our Support Zone.👉https://www.tradingview.com/x/5F3N99fl/ MACD Analyze: we can see Bearish Confirmation Signal 🐻 👉 ADX = 38.6 >25 == Still we are on Downtrend. Moving Averages MA200 & MA50 Passed from each other a few days ago. I am deciding to share Bitcoin Long-term Analyze ( Monthly Time frame )📆 on each post that I will publish about Bitcoin: Please read this post carefully ( I ❤️LOVE ❤️THIS POST😀)👉https://www.tradingview.com/chart/BTCUSDT/PTviG7sS-Bitcoin-Long-term-Analyze-Monthly-Time-frame/ If you want to have more information about counting waves supports and resistances.....check this post 👉https://www.tradingview.com/chart/BTCUSDT/Ie6NTjBA-Bitcoin-Analyze-Playing-with-Harmonic-Patterns/ My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. At least you can wait for breaking our Descending Triangle (to UP). Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Short
by pejman_zwin
14
EURUSD-Weekly Market Analysis-Jul21,Wk1Well if you have missed the bearish shark shorting opportunity, you might not want to miss this Bearish Shark Pattern on the 1-hourly chart which has to form before 29Jun2021, 1am(+8GMT). If the candle fails to touch point D before the dateline, I will scrap this trading idea. Lots of traders have complained that the market volatility has dropped, but we still managed to capture some great profits. Check my link(within TradingView at the bottom). My student has spotted a shorting opportunity as well, leave your thoughts on which trading setup do you prefer, and why?
Short
by RaynLim
6
USDJPY-Weekly Market Analysis-Jul21,Wk1If you are worried about the Bearish Gartley Pattern(you can check the link at the bottom within my tradingview profile) for violated on the 4-hourly chart, worry not. Do remember that the Bearish Deep Gartley Pattern formed on the Daily timeframe and base on the 1-hourly chart, we have shorted the Bearish Shark Pattern. As long as the candle didn't break and close above the trendline(Profit Trendline) on the 1-hourly chart, you are pretty safe.
Short
by RaynLim
WTI/USD 1D analysis 21/06/21Hello everyone , as we all know the market action discounts everything :) notice how the market is moving in an upper channel with no strong bearish signs and all the indicators (MA,MACD,RSI) telling us that the market is still going through an uptrend , with no breakouts for the trendline we can conclude the movement of the WIT is still going up trading between 67 at the lowest and 78 at the highest, from all the data we gathered we are looking a good buy in point for Daily trading . Fundamental analysis : U.S. oil stockpiles fell more than double the amount expected in the latest week, the Energy Information Administration said on Thursday. Crude inventories fell 5.08 million barrels last week, compared with analysts' expectations for a draw of 2.443 million barrels. Distillate stockpiles, which include diesel and heating oil, rose 3.72 million barrels in the week against expectations for a draw of 1.479 million barrels, the EIA data showed. Refinery crude runs were 358,000 barrels. The weekly refinery utilization rate rose 1.7%, according to the EIA report. Gasoline inventories rose 1.5 million barrels last week the EIA said, compared with expectations for a draw of 1.479 million barrels. And while implied demand for gasoline itself was a robust 9.15 million barrels for the week, the refinery utilization rate remained below the key 90% level, which was crucial for this time of year, Krishnan said. "U.S. crude exports cratered quite a bit too, falling almost one million barrels daily to 2.5 million bpd. So, this a mixed bag for sure." If you have any questions please ask Thank you for reading .
FOREXCOM:USOIL
by GabiDahduh
NZDJPY - Bullish Shark(20Jun2021)A Bullish Shark pattern on the daily chart is about to form up. There's no need for you to be anxious and chase after this trade, what's more important is to ensure the bullish engulfing candle appear within the PRZ. If you have seen the analysis we did on the 4-hourly chart, it gives a total of 209pips of Net Profit, which is approximately 2,090USD/lot traded or on the 1-hourly chart a 240pips run which is approximately 2,400USD/lot. Many time traders believe that when you trade on a higher time frame you will earn more. Well, now you see it is not always the case. In trading is important not to assume and plan your trade in advance. That make weekend analysis more precious than others.
Long
by RaynLim
EURJPY - Structure Trade(20Jun2021)Do you remember that last week I've mentioned in my previous post titled, "EURJPY - Trendline" that the Bearish Shark won't form up and you can look for a shorting opportunity on the Trendline for a shorting opportunity, that opportunity alone brings you a 285pips(more than 2,850USD/lot) of net profit, and this is a spin-out trading idea from the Weekly Chart's Bearish Shark Pattern. Imagine how much you would earn if you have engaged in the trade base on the Weekly Chart? I'm not all keen on a counter-trend trade on this trading setup but if you must, a break and close above the trendline is needed before considering a buying opportunity. I will wait to short this trade at 132.67-132.88(red box) for a trend trading opportunity.
Short
by RaynLim
1
USDJPY-Weekly Market Analysis-Jun21,Wk4A Bearish Deep Gartley Pattern has formed, for those who had missed the trade, don't stress up. It is possible that the market can retrace 37pips in the coming Monday for a second chance entry. A break and a close below 109.93 increase the strength of the bearish movement, hence, the winning rate for traders who had engaged in this counter-trend trading opportunity. This time, my student has a different view as mine, give him a like if you share the same view as he does.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Jun21,Wk4If you have been following my post closely, you will be aware that I've shared the shorting opportunity that is embedded in the GBPUSD daily chart, that trade has a total movement of 383pips which translate to 3,830USD movement within a few days of market movement. For counter-trend traders, you can wait for a bullish engulfing candle for a buying opportunity and if the market does retrace towards the sell zone(red box), I would expect a bumpy ride up. Between GBPUSD and EURUSD, I would choose to long EURUSD instead.(check out the link within TradingView) My student has also shared his view on GBPUSD on the tradingview.
Short
by RaynLim
EURUSD-Weekly Market Analysis-Jun21,Wk4Two months ago, I've been sharing the shorting opportunity that EURUSD presents itself. You might just have missed 283pips of pure profits which translate to 2,830USD per standard lot traded, this amount could use to cover middle-class monthly basic expenses, don't miss the next opportunity. The market also closes below the bullish 5-0pattern and turning 5-0pattern from a buying opportunity to a shorting opportunity. For counter-trend traders, you can wait for a bullish engulfing candle to form without any candle closing below 1.1845. For trend traders, a retracement back to 1.1978 and wait for a Double Top for a shorting opportunity. Check out links within telegram for the 2 shorting opportunities that I've shared.
Short
by RaynLim
NDX: Be careful! Bearish pattern ahead!Hello traders and investors! Let’s talk about the NDX today! In the daily chart, we have the idea of a bearish harami, just at a resistance level (black line, previous top at 14,072). If the index closes under this black line, the market may see this as a false breakout and this would help to make the index fall. If it falls, then we have a dual-support level around the 13,700, as we have the 21 ema and the red line, which worked as a resistance before, now it can work as a support. The only thing that could frustrate this bearish sentiment is the 1h chart: Today’s drop could be just a harmless pullback to the 21 ema in the 1h chart, and the index did several movements like this in the past, so, no way to know how it’ll behave now. Now it is definitely not the time to buy. The time to buy was last month, when we had some incredible opportunities, and I bought several stocks with my followers, and they are doing incredibly well (several of our stocks are going up more than 40%, like the Brazilian ADRs we like to trade). Now it is the time to manage our positions. Will the bearish harami prevail, making the index will crash? Only time will tell. Meanwhile, remember to follow me to keep in touch with my daily studies, and support this idea if it helped you! Thank you very much.
TVC:NDQ
by Nathan_The_Finance_Hydra
4
USDJPY-Weekly Market Analysis-Jun21,Wk3USDJPY is moving slightly higher and higher each day, this may sound like a Dollar optimises but I can assure you the big picture is the exact opportunity. At this moment I'm just going to play along. I'll short when the market retraces back to 109.76 and turn my trade to long once it reaches the trendline and fails the close below the trendline. You can check on the link below on my student's view. Feel free to share your thoughts in the comment segment.
Long
by RaynLim