Get started

Chart-pattern

NZDUSD | Supply and Demand zones | Catch the Great Fall ________________________________________________________________________________________ Golden Trading Rules: Have A Plan Many futures traders trade without a plan. They do not define specific risk and profit objectives before trading. Even if they establish a plan, they "second guess" it and don't stick to it, particularly if the trade is a loss. Consequently, they overtrade and use their equity to the limit (are undercapitalized), which puts them in a squeeze and forces them to liquidate positions. Usually, they liquidate the good trades and keep the bad ones. News Factor Many traders don't realize the news they hear and read has, in many cases, already been discounted by the market. ________________________________________________________________________________________ Press Like if you like it You are welcome to share comment Hope this is helpful, Thank you for your support, have a great day
Short
by Aidin_Jabarpoor
2
CRO/USD descending broadening wedge!I really enjoy looking for charts that most people might miss. The Crypto.com token chart currently doesn't have as much data as I would like to see in general, but it still has peaked my interest. Lets look at this chart from a TA/FA point of view, and remember my last call recently sky rocketed, can I do it again? Firstly the EMAs will not be a sufficient indicator to look at because this chart is too new, though we do notice all other indicators looking interesting. The RSI is very low, definitely in an area I like to buy at (buy low sell high remember). The MACD is showing that selling pressure is subsiding and traders/investors are putting in buys. We also see that since the low of Sep 3rd this year we have been creating a descending broadening wedge which is generally a bullish pattern suggesting a reversal to the up side. I like this pattern because it's very mature (about 3 months long), in relation to the charts beginning. From a fundamental point of view we know that crypto.com is going to use the CRO token to power it's new exchange coming out in the beginning of December this year. It will give traders a discount on trading and have trading pairs for the initial listed coins, which will give CRO a lot more utility than it's ever had. In the future CRO will also be used to purchase newly released projects that list their coins/tokens with Crypto.com. We have to take BTC into consideration though, if it crashes/ falls then we will more than likely see a better buying opportunity, but if it stays stable or goes up it will give CRO room to grow. Just a chart to think about or keep in the back of your mind for the future. Also you can buy other projects tokens on this custodial exchange like Matic and Cardano which are very popular these days. My first bullish target would be at the top of the wedge around .34-.35 and if it breaks out then my next target would be around .47. If we break down I'll have my stop loss under the wedge to cover me. If you want to use my referral to sign up for crypto.com it is h6xsf7vf8g, best wishes to all.
BITTREX:CROUSDLong
by Tachycardia
Strait MACn In this idea I just want to look closely at the macd indicator. In one of my previous ideas I pointed out how unusual the moving averages were behaving. There's nothing unusual about this idea though, but it's bad news for people that are relying on upward price actioin. Let's watch and see how this pans out this IS a monthly chart. BE IN LOG MODE, SWITCH MACD TO FULL SCREEN AND LOOK AT HOW BAD IT WANTS TO CROSS DOWNWARD MONTHLY! Also, looks like there's a freakin cup and handle. Let's spill some coffee!!!
BITSTAMP:BTCUSD
by UnknownUnicorn995708
6
Thar She Blows Cap'n!Thar She Blows Cap'n! It's Sunday evening, the becalmed Sunday is about to drive the Crew Completely Nuts when … THAR SHE BLOWS Cap'n! The Wind rustles the Sail, Fractals gather at the base of the Clouds and the Seas begin to stir, something is rousing in the depths ... And UP it comes … a KRAKEN breaking through the becalmed surface, and reaching for the Moon! Well we can all hope and here's one possible scenario. (Please note this Analysis does NOT constitute advice and readers must undertake their own analysis/research before committing to any positions)
BITSTAMP:BTCUSDLong
by Trayderz
STRATIS [STRAT/BTC] Analysis by Morpheus [1080%Profit!!]All information is provided in the chart. (Look Yellow-notes on chart to see description) Our profile publishes analysis that focus carefully examined and identified cryptocurrencies that achieve high profits. We base everything on our own, developed scheme, the understanding of the market and its behavior. If that sounds like it could be helpful for you, please follow us and hit the like button! Tips, notes & suggestions When you place a trade, always remember to set a stop-loss. Most important rule, is to be patient. Money come and go, you will always get another chance. Never invest heavy in one trade, be sure to spread your bags on different trades. We would appreciate if you would hit the like button to support us. Feel free to comment share your idea or comment down below Morpheus wish everyone out there, a good and a healthy life in the cryptocurrency-age.
SLong
by UnknownUnicorn4777944
1
WHY BTC WILL HIT 10K AREASo let's start with the similarities of these two charts.. After the end of the bear market of 2015 we see on the BLX chart that BTC also had a parabolic run similar to the one we are currently having . We notice on the BLX chart that between AUG 19 2015- NOV 4 2015 that the EMAs crossed up and over the 200 EMA and we started going parabolic shortly after, just like currently on my Binance chart. The MACD and RSI were also extended on the BLX chart before the blow off bear wick candle that ended the rally, just like our indicators currently look. Though our RSI has currently cooled off we could resume towards 90 again similar to how the RSI reacted on the BLX chart before the break down on NOV 4 2015. Now for some positive contrast... on NOV 4 2015, we saw a candle that showed us that a major pull back was eminent because of the bear wick. You could tell at that time that the sentiment was changing, people saw that we had made a higher high and that people obviously were taking profits, not buying up the pull back as if they were no longer bullish in general. It makes me think that currently we still have room to grow because you can see that in the last couple days the market is buying up the dips creating bull wicks like the 17th of May 2019. Currently candles have been finding support upon the 21 EMA , we have our lower EMAs crossed up and over the 200EMA. The dips are being bought up creating bull wicks, we are creating what seems to look like a ascending triangle pattern ( bullish ). The RSI has cooled off a little giving us a chance for another solid run upward, and the MACD does not look as if it wants to cross under the signal on the 1D Binance chart. Basically we look very bullish even though we have started to run up parabolic. Based off my analysis I see that we could hit the 10k area because it is the next major resistance, which we can find by looking left on the chart. I also caution everyone that in my opinion we would see a candle similar to the one on NOV 4 2015 soon, because we generally get some type of warning before a major pull back especially when we are moving up parabolic style. This is not financial advice just my opinion and observations on the market. -AZTEC-
BNC:BLXLong
by Tachycardia
BTC is HOT - where its looking to goHey everyone, Shutout to all the mom's on this mother's day! Let's get to it. EXCITING STUFF going on here. Although I didn't enter thinking that price was going to skyrocket the past day, we did have a successful long from last week that still brought in a hefty chunk of cash. Taking a look at the chart today, BTC is HOT. after an exponential run in just 48 hours, the coin needs to relax and lay low for a day or two before any big moves happen. The RSI is teasing the danger zone, and needs to consolidate to around 60 ish again and move out of that overbought position. The highest number of shorts (since January) were just liquidated on the asset, possibly due to exchanges wanting to cover their butt as all sorts of scandals are draining money (Binance?). There are a few different prices that BTC could consolidate at and I'll tell you in order the strongest to weakest. STRONG Bull- 7000. It's a psychological level, it has a fib level sitting right next to it. The EMA is keeping the price floating right above it. BTCUSDSHORTS is hitting a consolidating area right now, which is about at $7000. EHHHH - $6600s. This range has a tremendous amount of bull volume supporting it, and it's also right next to a fib level. If I was going to swing trade long at 7000, I would throw a stop loss around this level Weak Bear - $6200-6250 .If you don't think there's a chance to start a bull run, I'd look to short around this level. There has been consolidation here before, consistent bull/bear volume. Price trended here for a substantial amount of time prior to this run, and, as always, there's a nice cushion from the fib level here. Depending on your trading style and attitude towards the market, the strategy will be different. Personally, I am very bullish due to the overall change in sentiment, and I believe crypto will take off. However, if you think the technology is not worth the current price, trade to your style. Make sure to always STICK TO YOUR PLAN when you trade, and make predetermined adjustments as the market evolves. Don't trade emotionally and make sure you're not just throwing in money because of FOMO. What do you think? Is this a short-lived trend that exchanges are just using to get some extra cash? -Block
BITFINEX:BTCUSD
by block21e8