Classical_patterns
#HeadandShoulder Top on BEAT DailyYou can still find some decent short setups in this crazy bull market. BEAT is forming a possible #headandShoulder top after its Covid19 recovery rally. I say "possible" as BEAT need to close below $40 on daily basis to confirm the top reversal. If the market pulls back (what?), this stock will most likely completes its classical #chartpattern and sets up a decent short entry.
Decred H&S BottomDecred completed a beautiful H&S bottom with nice follow through. Measured target on red line.
How to win trading tezosLately ive been showing how technical analysis works very well on cryptocurrency. It seems the simpler the better. Classical chart patterns and Japanese candle sticks may be old school, but human behaviour never changes.
Here is how i have used classical chart patterns, Japanese candle sticks, harmonics, Fibonacci retraces, support and resistance, to win on Tezos.
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LINK is the BEST cryptocurrency to TRADEThis is a little link trading cheat sheet for my followers
If you think technical analysis doesn't work on crypto, think again
classical chart patterns, support and resistance, divergence, double bottoms, Japanese candlesticks
If you apply this on link YOU WILL WIN
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Weekly Dose of Classical Charting - BNB/BTCWe're looking towards a possible double bottom of 15-week duration that would ONLY be confirmed after a breakout above 0.0024700. Contrary to what many think, double tops and bottoms take time to develop, specially on long term charts (Daily, Weekly, Monthly), but a confirmation of this classical pattern is very reliable and could bring a lots of joy. A break below 0.0018000 makes this pattern invalid. On our watchlist.
another Head&Shoulders pattern is more than likely to occurHello Ladies and Gentlemen, this is rather a very bold prediction, but we need liquidity, we can't start from where we are now, can we? We, obviously can not, as I said - we need the price dive into the liquidity pools, we need all the retail SL's hit and done before we take off. So, considering the fact that the retail traders are confused, institutions might be also as well, it is likely that classic TA formations continue to occur on charts. Trading is an extension of the very core of human instincts and psychological patterns. That's why I think it is possible that we see another H&S pattern on charts within a few days, as the classic TA patterns, in a way, are the essence of trading itself.
The TOWER TOP classical patternNear the announcement of US economic numbers, the pair GBPUSD made the Tower Top pattern at resistance. Which this pattern indicates The first buying force that occurred can net all profits there is no selling back in any way and the trading volume is very small (because the buyers are satisfied and the seller is satisfied) by observing from the 3 Doji candlesticks that occurred in the end, and finally the sales force came down violently demonstrated a sudden reversal
This shows only the reversal patterns for a while(Reverse trader like this) we can SHORT to make a profit down to the support at 1.3000 on December 3, 19.