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Candlestick analysis

Big Price Move For Bitcoin This Indicator (Bullish Gartley)Big Price Move For Bitcoin This Indicator (Bullish Gartley) A popular price-chart indicator known as the Bollinger bandwidth suggests bitcoin could soon chart a big move – up or down. The leading cryptocurrency has spent the better part of the last three weeks trading in the range of $50,000 to $60,000. The consolidation has worsened of late, with bitcoin bulls unwilling to lead the price action above $60,000 and bears struggling to force a break below $55,000. Due to the persistent lack of clear directional bias, the Bollinger bandwidth, a price volatility gauge, has declined to a four-month low of 0.15. Bitcoin (BTC) witnessed big moves during the 2017 bull run each time the bandwidth fell to 0.15. The indicator is calculated by dividing the spread between the Bollinger bands by the 20-day average of the cryptocurrency’s price. Bollinger bands are volatility lines placed two standard deviations above and below the 20-day average of price. As we can see we are in one of the important times of the BTC market, price rise and reach new All-time high again and again and so many analyses are about breaking previous ATH and more pumping all way to 67 Kor 70K and ... but for now, the market is creating a reversal pattern that is obvious and is double Top so we are looking for breaking neckline and conformation of breakout and after that expect a bearish market to our targets based on strong supports ahead or Fibonacci retracement levels. for confirmation of breakout, we expect the neckline to break and break out on a strong green trendline on the chart Else : market can easily provide a more bullish candle and even breaking resistance on 60K and maybe new ATH again why the market has the power of rising now? because price falls to our expected target on previous analysis and now this strong support (black rectangle ) that touched, should break before any more and upcoming fall. Previous analysis :
Long
by cryptoprofeta20
WMS-What the trend has told us to look for at the current levelsWMS has a significant mark-up phase if it can break supply, and hold demand above the $111-$113 range. First, let us take a look at the red-on-red filled candle (highlighted yellow) at $111.11 open from 02 March 21 When back testing the resulting move following a breakthrough of similar candle-based indications, the price action has continued into a steady uptrend. These candles do not often require a re-confirmation of demand within this trend, following a confirmed break. If reconfirmation of lack of supply is needed at alerted levels, it is often filled as a level of confirmed support. Below are examples of moves following this candle-based strategy. These candles have indicated a nice base set up for continuation throughout the current uptrend. A firm break of the top red-on-red candle from the prior uptrend, served as a point of no return for this uptrend. The prior uptrend set up a similar supply zone as the current trend. Once this level was broken to the down-side, the trend moved to gap down and fill the indicated candles. These previous set-ups give us a pair of moves that will give good indication of which way WMS will trend. Short set-up - A rejection of the current formed supply will likely see a move down to test the unfilled red-on-red candles as support at the below price targets. Long set-up - A break with confirmation of demand will likely trend to the above expected resistance before re-testing supply levels at the break. A true lack of supply break could see an unrestricted move to the top indicated price targets and testing down to the $118-$120 level as mid-level support.
NYSE:WMS
by rickhubbard10
$IDEX Three Drives Pattern Ideanomics, Inc. focuses on monetizing the adoption of commercial electric vehicles, associated energy consumption, and developing financial services and Fintech products. Its Mobile Energy Global division provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs. This division also offers solutions for the procurement, financing, charging, and energy management needs for fleet operators of commercial electric vehicles. The company's Ideanomics Capital division provides financial services solutions. This division is involved in the areas of capital markets, such as financial products advisory and creation, with specific focus on the application of blockchain and artificial intelligence in financial technology. This division also operates EKAR, an exchange traded fund that tracks the Innovation Labs Next Generation Vehicles Index, which comprises of global stocks that have exposure to the theme of electric and self driving/autonomous vehicles. The company was founded in 2004 and is headquartered in New York, New York with office in Beijing, China.
ILong
by UnknownUnicorn19246015
1
$RCON PT 20-25 and higherRecon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other hardware related to oilfield production and management, and transportation; and develops and sells industrial automation control and information solutions. It also provides equipment for oil and gas production and transportation, including heating furnaces and burner, as well as enhancing techniques comprising packers of fracturing; production packers; sand prevention in oil and water wells; water locating and plugging techniques; fissure shaper; fracture acidizing technique; and electronic broken-down service to resolve block-up and freezing problems. In addition, the company offers automation systems and services, including pumping unit controller that monitors the pumping units and collects data; RTU to monitor natural gas wells and collect gas well pressure data; wireless dynamometers and wireless pressure gauges; electric multi-way valves for oilfield metering station flow control; and natural gas flow computer systems. Further, it provides Recon SCADA oilfield monitor and data acquisition system for supervision and data collection; EPC service of pipeline SCADA system for pipeline monitoring and data acquisition; EPC service of oil and gas wells SCADA system for monitoring and data acquisition of oil wells and natural gas wells; EPC service of oilfield video surveillance and control system to control the oil and gas wellhead and measurement station areas; and technique service for digital oilfield transformation. Additionally, the company offers oilfield waste water treatment solutions and related chemicals; and oily sludge disposal solutions. Recon Technology, Ltd. was incorporated in 2007 and is headquartered in Beijing, the People's Republic of China.
NASDAQ:RCONLong
by BADQOMOCAWGOWLD
1
Market Maker Method - Rough overview of the concept coming priceRough overview and explanation of the development of markets with market makers (group of people and institutions which together control the market in a coordinated manner around the world). (THIS REPRESENTATION IS NOT AN EXACT PRICE PROJECTION BUT IS ONLY FOR THE VISUALIZATION OF THE CONCEPT) The MM (Market Makers) work in cycles, in this example the weekly cycle is shown. As visualized in the picture, the week begins with a level 3 breakout pattern, an M. Breakout patterns at level 3 are almost always an indication of the beginning of a reversal, as the market makers move the market in 3 levels. In the levels shown, a stop loss hunt then begins in order to gain the liquidity of the longs / shorts that exit there before they move on to the next level. We are currently in Level 1 Uptrend. Important information: - The MM are inactive on the weekend and let their bots carry out a stop loss hunt during this time, so it is not advisable to trade on weekends - The price trend for the coming week is determined on Mondays, so the market there can also move 'unexpectedly' and very volatile - The MM are mainly active on the 1h and 15min charts (15 minute chart for entries and 1h for trend confirmation) - The MM act in 3 vector candles (unusually large candles) - Vector candles are mostly signs that the MM want to build up shorts / longs at a higher price in order to bring the price back to these candles afterwards (slow trend = true trend) - The beginning of MM Patterns can be detected if 3 vector candles can be spotted - Use of EMA's for pattern confirmation: Breakout patterns upwards are usually below the 50day EMA and downwards above the 50day EMA. If the 200day EMA is also very close to the 50day EMA and the same behavior can be observed there, it is further confirmation of a breakout. - Recognition of price targets based on the hourly chart: the price always normalizes to the 50day EMA! As soon as the price moves away from the 50day EMA the price target is the 200 or even 800day EMA. If the EMAs are all flat on top of each other, the next M-Level (indicator for breakpoints and support / resistance) is the projected price target before it normalizes again to the 50day EMA. - All patterns are basically variations of M and W patterns, an inverse H&S is also basically just a modification of a W. - If a breakout fails, it is a sign that the MM want to animate more shorts / longs before liquidating them. These breakout patterns then usually arise after this fall or become modifications of the previous pattern such as inverse H&S, so it is still a valid W formation. - In a bull market, especially in crypto, it is not uncommon for a reversal to the upside to occur in the first or second level. I hope this brings some light into the current market situation and helps people to be able to evaluate the market more calmly.
BINANCE:BTCUSDLong
by EmbraceCapitalism
1
$SPY a bit higher for 1 more day and then tanks really hardBE ALL CASH BY END OF DAY B/C NO ONE WILL HAVE ANY MONEY LEFT NEXT MONTH! Stocks slipped after the Fed said it it would allow an exemption that let banks to exclude Treasurys and deposits with the central bank from calculation of a key bank capital measure known as the supplementary leverage ratio to expire on March 31. Fed Chairman Jerome Powell reiterated in a Wall Street Journal editorial on Friday that the central bank will provide aid to the economy ‘for as long as it takes.”
AMEX:SPYShort
by BADQOMOCAWGOWLD
3
$XELAExela Technologies, Inc. provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. The company operates through three segments: Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal & Loss Prevention Services (LLPS). The ITPS segment provides lending solutions for mortgages and auto loans; banking solutions for clearing, anti-money laundering, sanctions, and interbank cross-border settlement; property and casualty insurance solutions for origination, enrollments, claims processing, and benefits administration communications; and public sector solutions for income tax processing, benefits administration, and records management. It also offers solutions for payment processing and reconciliation, integrated receivable and payables management, document logistics and location services, records management, and electronic storage of data/documents; and software, hardware, professional services, and maintenance related to information and transaction processing automation. The HS segment provides revenue cycle solutions, integrated accounts payable and accounts receivable, and information management for healthcare payer and provider markets. The LLPS segment processes legal claims for class action and mass action settlement administrations, involving project management support, notification, and outreach to claimants; and collects, analyzes, and distributes settlement funds. It also offers data and analytical services in the area of litigation consulting, economic and statistical analysis, expert witness services, and revenue recovery services for delinquent accounts receivable. The company is headquartered in Irving, Texas.
XLong
by BADQOMOCAWGOWLD