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Long Lower Shadow CandlestickMeaning If the candle is bullish (white or green), the price dips down quite low following the interval’s opening due to the bears’ influence. However, the bulls gain control and push the price back up again, so the interval closes above where it began. If the candle is bearish (black or red), the bears take the reins and force the price downward. After they’ve done all they can, they experience a pushback. The bulls take over and propel the price back up so the interval’s close is relatively far above the overall low. The Long Lower Shadow candlestick is typically considered to be a bullish signal, but it is quite weak in this capacity. In addition, when the market is oversold or at support, the Long Lower Shadow candlestick tends to be more significant. _____ Although the Long Lower Shadow candlestick doesn’t have a lot to say on its own, it should still be included in the larger conversation. When you spot it, look for surrounding candlestick patterns of which it may be a part. Good luck! *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
BEducation
by TheWolfOfBinance
Inverted Hammer CriteriaCriteria 1. The upper shadow should be at least two times the length of the body. 2. The real body is at the lower end of the trading range. The color of the body is not important, although a white body should have slightly more bullish implications. 3. There should be no lower shadow, or a very small lower shadow. Signal Enhancements - The longer the upper shadow, the higher the potential of a reversal occurring. - A gap down from the previous day's close sets up for a stronger reversal move. - The day after the inverted hammer signal opens higher. - Large volume on the day of the inverted hammer signal increases the chances that a blowoff day has occurred. *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
MLong
by TheWolfOfBinance
HAMMERHammer The market has been in a downtrend, so there is an air of bearishness. The market opens and then sells off sharply. However, the sell-off is abated and the market returns to, or near, its high for the day. The failure of the market to continue the selling reduces the bearish sentiment, and most traders will be uneasy with any bearish positions they might have. If the close is above the open, causing a white body, the situation is even better for the bulls. Confirmation would be a higher open with yet a still higher close on the next trading day. *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
Long
by TheWolfOfBinance
BTC-Target for the End of the CorrectionBTCUSD We are currently at in the midst of WAVE C of the Correction which is 5 Sub-Waves. The Fibonacci Retracement Level to look for is 1.618. This selling will be intense and brief, hopefully your stop-loss hit so you can profit from the down turn. WACE C TARGET: BTCUSD $8898-$8143 Hold on...its going to be a little bumpy. Count the WAVES. Look for a Reflex Point that ends higher. Count 5 Mini-Waves. Count 3 Corrective Waves...Should be at 50% or 61.8% retracement levels. Place stop-loss just underneath Mini-Wave 1. Cheers! Stay thirsty my friends, -AB
COINBASE:BTCUSDShort
by FibMarketWatch
Is DigixDao [DGD] the sleeping giant?Recently Digix announced that it was partnering with Maker in order to provide stable coins that are backed by physical gold to users. Could this be a replacement for Tether? Digix has a long history of providing heavy transparency and is one of the longest standing ERC20 tokens on the Ethereum network. This alongside their 2.0 release coming real soon could make for an intense shift in usage that is already being seen over the last few months. For more information on DigixDAO and Digix. See the official FAQ: medium.com
DLong
by zebrains
EOS/BTC : 3 months of downtrend coming to an end?!! YES!!!!As you can see from the charts BINANCE:EOSBTC begin to downtrend since January obeying the channel 5 Waves counting is coming to an end as confirmed by the RSI If you examine closely, every impulse downward created a lower low in the RSI However the 3rd wave, usually the strongest, created an extreme low point This makes wave 5 extremely difficult to create an even lower low! so inevitably a bullish divergence has appeared, telling us that wave 5 is losing power and is coming to an end soon. this also obeys the fibonacci guide as wave 5 is approaching 100% of wave 1 What now?.... Notice the major fibonacci retracement zone that i've drawn and how the BINANCE:EOSBTC is testing the 50% line? i think it'll break through to complete the wave 5 and enters into ABC correction Now of course if the price goes straight through then the bearish downtrend will continue... But I think this is unlikely. FUNDAMENTALS EOS is built and maintained by an incredible team with amazing records of creating successful cryptos. FYI, Co-founder of steemit and bitshares is also the co-founder of EOS. Their Ico is ending june and will be going live! Furthermore, lots of Vc has been announced and HUGE capital are flowing in What do you think the price will be like in 2018? .......
Long
by petermoo
ETH 4 hour Bull Break Highlighted potential 4 hour cup and handle setup from the video last night saw some follow through with a break correlating to BTC. BTC holding up a bit stronger on the breakout,but we are seeing the 4 hour EMA 12 and 26 cross. Loss of the current hourly consolidation low will be a short term consolidation red flag giving us a lower high and lower low. Bulls trying to get over $900 psychological resistance today, which would require continuation and a break over the top of last night's high. ETH and BTC much stronger correlation to each other than LTC currently. Bulls working with some momentum from the Polo Circle deal announced yesterday which is very bullish for the space overall. Acquisitions are big time "bets" made by companies anticipating crypto popularity not going anywhere.
COINBASE:ETHUSD
by TheChartGuys
Cryptocurrency Market CorrelationIt's safe to say there is a lot of correlations in price in the cryptocurrency sector. There may be some inverse correlations short-medium term that provide opportunities on how to multiply capital, but medium-long term it looks like the market follows a general trend. This proves one can only be so diversified in 1 sector (e.x crypto) and that there is NO safe haven crypto to go all in on during corrections. Cash is KING and will go much further in crypto dips as USD value vs satoshi is much more favorable.
BITSTAMP:BTCUSDEducation
by JCBCrypto