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SHIB/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Shiba Inu (SHIB) shrugged off today's price consolidation, maintaining recent higher levels in the process. After a low of $0.00001009 on Sunday, SHIB/USD climbed to a peak of $0.00001099 earlier today. Monday's action sees Meme Coin continue to trade near the two-month high of $0.00001111, which was hit last Friday. Like many cryptocurrencies last week, Shiba Inu price was mostly bought in recent days, with the RSI declining from the high of 80.00. Currently, the index is tracking at 73.00, with a floor of 70.00 a potential target for sellers. However, the bulls seem to have rejected this offer on Monday, with some instead eyeing a rally above $0.00001100. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
bullish and bearish cup and handle pattern hello dear traders, Here are some educational chart patterns that you must know in 2022 and 2025. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. What are the Cup and Handle chart patterns? A cup and handle pattern is a pattern of price movement on a trading chart that resembles a cup with a handle, from which it derives its name. The cup section of the pattern is formed from a U-shaped price movement, while the handle is a short price channel from the edge of the cup. The handle is actually a pullback after the right Swing of the cup. As is the case with other chart patterns, the cup and handle pattern shows you how the price has moved in the immediate past, which can help you predict future price movements. The time it takes for pattern formation varies: pattern formation can be as short as seven weeks or as long as 65 weeks or more. There are two types of patterns: the more popular bullish cup and handle pattern that you can see in bull markets and the inverted cup and handle pattern, also known as the bearish cup and handle pattern, that you can see in bear markets. In the bullish variant, which occurs in an uptrend, the pattern is formed by a downswing (pullback) that gradually turns into an upswing (in the trend direction) followed by a small pullback (a slight downward drift that creates a handle ) The reversal/bearish type, which appears in a downtrend, is formed by an upswing (pullback) that gradually turns into a downswing to continue the downtrend, but then pulls back (handle) a bit. Understanding the structure and inversion of the cup and handle pattern The cup and handle pattern can form in any time frame, but as a swing trader, you should focus on the daily time frame. To identify the cup and handle pattern or reversal type, you need to understand the price movements that form its structure. For example, to be a continuation pattern, there must be a prior trend before a cup and handle pattern can form. Let us look at both patterns one by one. The bullish Cup and Handle pattern:- An uptrend: For a bullish cup and handle pattern to form, there must be an established uptrend, but the trend must not be too mature because the more mature the trend, the less likely it is to continue. A trend on the daily time frame that is a few months old is fine. Cup: The cup is formed from a normal bust that gradually curves upward, creating a "U" shape. It should have a bowl or round bottom and not a sharp "V" shaped bottom. The round bottom ensures that there is a consolidation pattern with valid support at the bottom of the "U" cup. In addition, the pattern on both sides of the cup should be of equal height, but this may not always be the case. Cup depth: The cup should not be too deep. Generally, the cup depth should be around the 38.2% Fibonacci retracement of the previous advance. However, with overreaction in more volatile markets, retracements can range from 38.3% to 50% Fibonacci. In extreme cases, the retracement can reach 61.8% Fibonacci, which is in line with Dow Theory. Handle: This is a pullback that forms after the higher forms on the right side of the cup. This is a minor pullback or consolidation that sometimes resembles a downward-sloping flag or pennant. This is just a small, final consolidation/pullback before a bigger breakout, but could lead to a retracement to the 38.2% Fibonacci retracement of the swing high of the cup. The smaller the retracement, the more bullish the formation and the more significant the breakout. Duration: While the cup can last from 1 to 6 months (or several years on a weekly chart), the handle can take about 1-4 weeks to form. The bearish/inverse Cup and Handle pattern:- A downtrend (bear market): There must be an established downtrend for the inverted Cup and Handle pattern to be meaningful. However, the trend should be relatively young as downtrends don’t last that much. On the daily timeframe, the trend should be from a few weeks to a few months. The dome (inverted cup): The dome of this pattern is formed by a normal price rally in a downtrend (pullback), which gradually turns to a downward swing, thereby forming a dome shape. It should have a rounding top and not a sharp pyramid top. A rounding top ensures that the inverted cup is a consolidation pattern with valid resistance at the top of the structure. Both sides of the dome may or may not have equal lows. Dome height: The dome should not be too high. Usually, the height should be about 38.2% Fibonacci retracement of the preceding downswing, but the retracement could range from 38.3% to 50% Fibonacci in more volatile markets with over-reactions. In extreme situations, it could be up to 61.8% Fibonacci. The handle: This is a slight pullback that follows the downswing that forms the right side of the dome. It is a small consolidation that often looks like a bearish flag or pennant that slopes upward. The handle can retrace up to 38.2% Fibonacci of the dome’s swing down, but the smaller the retracement, the more bearish the formation and the more significant the breakout. Duration: The dome may take about 4 to 6 weeks or more to form, while the handle may take about a week or two. How to trade the Cup and Handle chart pattern:- The Cup and Handle pattern and the inverse type are potent trend continuation signals. When you see any of them, you have to trade in the direction of the trend. While you can trade these price action chart patterns on their own, it may be wise to confirm the trend with some tools, like trend lines and moving averages. Trading the bullish Cup and Handle pattern:- The bullish Cup and Handle pattern forms an uptrend and gives a bullish breakout signal. You might have to fix an uptrend line or a moving average to confirm the trend. Here is how you trade the pattern: Entry:- With this pattern, a buy signal occurs when the price breaks out of the upper trend line of the price channel that forms the handle. There should be a substantial increase in volume on the breakout above the handle’s resistance. Go long at the close of the breakout candlestick. Alternatively, you place a stop-buy order slightly above that upper trend line. Sometimes, it is prudent to wait for a breakout above the resistance line established by the highs of the cup. Stop loss:- You need a stop-loss order to get you out of the trade if after buying the breakout, the price drops, instead of rising. Your stop loss should be at a level that invalidates the pattern’s signal, and that level is below the lowest point of the handle. Profit target:- There are two potential profit target levels for this pattern. The first profit target is estimated by measuring a distance equivalent to the size of the handle, starting from the breakout point. The second profit target is estimated by measuring a distance equal to the depth of the cup, again, starting from the point of the breakout. Trading the bearish Cup and Handle pattern:- The bearish Cup and Handle pattern forms a downtrend and is traded as a bearish breakdown signal. So, you can use it to go short on the market if you want. This is how you trade the pattern: Entry:- You have a sell signal when the price breaks below the lower trend line of the price channel that forms the handle. There should be a spike in volume when this breakdown happens. You may go short at the close of the breakdown candlestick, or you place a stop-sell order slightly below that lower trend line. It might be wise to wait for a break below the support line established by the lows of the inverted cup. Stop loss:- When you are trading the inverse Cup and Handle pattern, you should place your stop loss order above the highest point of the handle. Profit target:- Two potential levels are good for your profit target: the first profit level is estimated by measuring a distance equal to the size of the handle, starting from the breakdown point, while the second profit level is estimated by measuring a distance equal to the height of the dome (inverted cup), starting from the point of the breakdown. Trade with care If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
Education
by CryptoSanders9563
2
Head and Shoulder and Inverse Head and Shoulder differencehello dear traders, Here are some educational chart patterns that you must know in 2022 and 2025. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. What is the head and shoulders pattern:- The head and shoulders pattern is used in technical analysis. This is a typical chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outer two are close in height, and the middle is the highest. The head and shoulders pattern is formed when the price of a stock rises to a peak and then retraces to the base of the previous up-move. Then, the price rises above the previous peak to form a "head" and then back to the original base. Finally, the stock price reaches the level of the formation's first peak before turning down again. The Head and Shoulders pattern is considered to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal with varying degrees of accuracy that an uptrend is nearing its end. Formation of the pattern:- Left shoulder: Price rise followed by a price peak, followed by a decline. Head: Price rise again forming a higher peak. Right shoulder: A decline occurs once again, followed by a rise to form the right peak, which is lower than the head. What Is the Inverse Head and Shoulders Pattern:- inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of security meets the following characteristics: the price falls into a trough and then rises again; the price falls below the former trough and rises again; Finally, the price falls again but not to the second trough. Once the final trough is formed, the price moves upwards towards the resistance found near the top of the previous trough. Formation of the pattern:- Left shoulder: Price declines followed by a price bottom, followed by an increase. Head: Price declines again forming a lower bottom. Right shoulder: Price increases once again, then declines to form the right bottom. Advantages and Disadvantages of the Head and Shoulders Pattern:- Advantages:- Experienced traders identify it easily Defined profit and risk Big market movements can be profited from Can be used in all markets Disadvantages:- Novice traders may miss it Large stop loss distances possible Unfavorable risk-to-reward possible Advantages Explained:- Experienced traders identify it easily: The pattern is very recognizable to an experienced trader. Defined profit and risk: Short and long entry levels and stop distance can be clearly defined with confirmation openings and closings. Big market movements can be profited from: The timeframe for a head and shoulders pattern is fairly long, so a market can move significantly from entry to close price. Can be used in all markets: The pattern can be used in forex and stock trading. Disadvantages Explained:- Novice traders might miss it: The head and shoulders pattern may not present with a flat neckline; it may be skewed, which can throw off new traders. Large stop loss distances possible: Large downward movement over long timeframes can result in a large stop distance. The neckline can appear to move: If the price pulls back, the neckline might be retested, confusing some traders. Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
COINBASE:BTCUSDEducation
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum (ETH) also retreated from recent highs, which comes after a failed breakout of its own. ETH/USD dropped to a low of $1,529.79 earlier today, after trading as high as $1,579.48 on Sunday. Ethereum failed to climb above the $1,580 high range, which led to a resurgence of some bearish sentiment. Like bitcoin, there was a lot of buying seen in Ethereum price, with the index at its highest point since January 2021. Now tracking at 83.46, the next visible floor seems to be at the 70.00 mark, which could see ETH trading near $1,475 if hit. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) consolidated to start the week, as the price failed to break out of a key resistance level. After hitting a high of $21,345.25 on Sunday, BTC/USD declined to a low of $20,681.98 earlier in today's session. The decline comes as the world's largest cryptocurrency was unable to move above its long-term range of $21,400. Looking at the charts, this was somewhat expected, as the 14-day Relative Strength Index (RSI) was hovering in overbought territory. The price strength is currently tracking at 86.65 after failing to move north of the 90.00 mark. It is likely that further downside could be on the cards this week, with the floor of $20,000 a potential target for sellers. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT 1DAY time frame chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- ETH is showing strength as bullish volume is on the rise. The MACD crossover is indicating a strengthening trend. ETH is currently facing resistance from the previous strong high low at $1599; If the bulls break it with a solid volume, the bullish momentum will continue towards the next resistance at $2K This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USDT 1-day time frame chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- BTC is showing strength as the bullish volume is increasing. The MACD crossover is strongly indicating a bullish trend. BTC is currently facing a previous strong higher low resistance of $21.5K; if bulls break it with a solid volume, then the bullish momentum will continue toward the next resistance level of around $25K. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
ETH/USD weekly time frame UPDATE !!Hello, welcome to this ETH /USD weekly time frame chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-ETH bounced off the historical trend line and declined below support on the weekly time frame with a solid bullish volume . The bulls also recaptured the powerful horizontal support, which shows the strength of the bulls. Currently, the bulls are facing the previous lower high resistance at $1591. We need to look for an effective breakout of the falling wedge , which would confirm a solid rally in the market. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
BTC/USD weekly time frame UPDATE !!Hello, welcome to this BTC /USD weekly time frame chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- BTC bounced off the historical trendline and declined below support on the weekly time frame with a solid bullish volume. The bulls also recaptured the powerful horizontal support, which shows the strength of the bulls. Currently, the bulls are facing the previous lower high resistance at $21.5K. We need to look for an effective breakout of the falling wedge, which would confirm a solid rally in the market. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum (ETH) also hit a two-month high in today's session, with its price trading in the green for the seventh day in a row. After hitting a low of $1,404.82 on Friday, ETH/USD moved to a one-day high of $1,558.25 on Saturday. Like bitcoin, this rally has sent the world's second-largest cryptocurrency to its highest point since November 5. Overall, Ethereum is now trading 23% higher over the past seven days. The move comes in the form of a crossover of the 25-day (blue) counterpart of the 10-day (red) moving average. Despite this bullish momentum to start the weekend, many still expect some reversals in the coming days. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) surged for the sixth straight session to start the weekend, as the price moved above the $21,000 level. BTC/USD climbed to a peak of $21,054.38 earlier in today's session, which comes after the price hit a low of $18,793.66 on Friday. This jump in price saw bitcoin add up to 10% to its value over the past 24 hours, reaching its strongest point since November 5th in the process. Looking at the charts, the rally came as the 14-day Relative Strength Index (RSI) continued to rally. It is now tracking at 89.22. Typically, a reading of 70.00 is seen as overbought, and with this print, which is its highest point in two years, we are deep in bear territory. When the price moves higher, many expect bearish sentiment to increase, as traders begin shorting the market. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum (ETH) also moved up significantly on Friday, pushing its price above the $1,400 mark. ETH/USD touched a high of $1,599 in today's session, less than a day after trading at a low of $1,447 Like bitcoin, this jump in price has pushed Ethereum to its highest point since November 8, when it reached a high of $1,599. From the charts, the ETH price is now deep in the overbought zone, with the RSI index tracking at the level of 75.54. Earlier gains have started eroding, as previous bulls have started taking profits in anticipation of a momentum reversal. At the time ETH/USD is trading at $1,552.60. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) climbed to a two-month high in today's session as the price climbed above the $21000 mark. After a low of $17,995.20 on Thursday, BTC/USD rose to a high of $19,031.80 at the beginning of the day. As a result of this move, the world's largest cryptocurrency climbed to its strongest point since November 8, when the price was above $21,000. Looking at the charts, the rally peaked at 82.00 with the 14-day Relative Strength Index (RSI), its highest level in over a year. Moreover, the upside trend continues to mature at the 10-day (red), and 25-day (blue) moving averages, thus adding to the bullish momentum. Nevertheless, prices are now well beyond overbought, which could mean the bears are hiding and preparing for re-entry. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USDT 8HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-BTC bounces off the cup and holds support after a successful retest BTC has also formed a cup and handle pattern, which is technically a bullish pattern. Currently, the price is trading in an upside cup shape. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
Long
by CryptoSanders9563
2
UNI/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this UNI/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Uniswap (UNI) was another notable gainer on Friday, as prices rose for a fourth straight day. UNI/USD raced to a peak of $6.02 earlier in the day, which comes less than 24 hours after falling to a bottom of $5.73. This move sees the uni swap edge closer to a recent high of $6.40, which was last hit on Nov. 16. As a result of these recent gains, UNI is now almost 11% higher in the last seven days, with the RSI tracking near a one-month peak. The index is currently at 53.25, which is its strongest point since Nov. 6, and this comes as the moving averages of 10-days (red) and 25-days (blue) look set for an upwards crossover. Should this occur, we will likely see UNI bulls target a resistance level of $6.50. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
AVAX/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this AVAX/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Avalanche (AVAX) rose by as much as 22% in today’s session, as cryptocurrencies reacted to the latest U.S. inflation report. AVAX/USD moved to a peak of $16.11 earlier in the day, which comes less than 24 hours after falling to a bottom of $12.41. Thursday’s spike in price pushed avalanche to its highest point since November 8, when the price was at a peak of $18.15. Looking at the chart, earlier gains have somewhat eased, with AVAX now trading at $15.18. This came as the 14-day relative strength index (RSI) failed to break out from resistance at the 80.00 level. As of writing, the index is now tracking at 69.94, which is still deep in overbought territory. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
DOT/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this DOT/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Polkadot (DOT), was another big gainer in today’s session, with prices moving closer to a four-week high. Following a low of $4.84, DOT/USD managed to reach an intraday high of $5.16 earlier on Thursday. As a result of this move, DOT broke out of a key resistance level of $5.15, hitting its strongest point since December 16 in the process. As can be seen from the chart, the 14-day RSI has failed to move beyond its long-term ceiling of 68.00 and has since slipped lower. Price strength is now tracking at 63.10, with DOT declining from its earlier peak, and the asset is trading at $5.09. In order for the token to continue to move higher, there will first need to be a rally above its 68.00 points on the RSI. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BINANCE:DOTUSD
by CryptoSanders9563
1
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Ethereum (ETH) was also significantly higher in today’s session, with prices moving to a two-month high. Following a low of $1,323.58 on Wednesday, ETH/USD jumped to a peak of $1,408.13 earlier in the day. As a result of this rally, the world’s second-largest cryptocurrency is now trading at its strongest position since November 8. Like with bitcoin earlier, the move has occurred as the RSI broke out of a ceiling at 69.00, and it is currently tracking at 75.89. In addition to this, the 10-day (red) moving average has continued its upwards crossover versus its 25-day (blue) counterpart. Should this momentum maintain this trajectory, then the next target for bulls will likely be a ceiling of $1,470. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) surged above $18,000 on Thursday, as markets prepared for a further drop in U.S. consumer prices. BTC/USD raced to an intraday high of $18,268.55 earlier in today’s session, less than 24 hours after trading at a low of $17,337.99. Today’s move saw bitcoin climb to its strongest point since December 14, when prices were at a peak of $18,385. Looking at the chart, the rally took place as the 14-day relative strength index (RSI) continued to move deeper into overbought territory As of writing, the index is now tracking at 75.98, which is its highest mark since October 2021. Depending on this afternoon’s inflation rate, there could be a reversal in BTC, as earlier momentum may have already peaked. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
6 Reliable Bullish Candlestick PatternHello dear traders, Here are some educational chart patterns that you must know in 2022 and 2023. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. 6 Reliable Bullish Candlestick Pattern 1) The Hammer 2) Bullish Engulfing Crack 3) Bearish Engulfing Sandwich 4) Morning Star 5) Tweezer Bottom 6) Piercing Line 1. The Hammer:- Hammer is a bullish candlestick reversal candle. Which is formed within the next few candles. As the price declines sharply, we anticipate a final bounce. But how can we estimate without falling into overselling? That's where Hammer comes into play. This gives us evidence that the selling pressure is subsiding or being absorbed. Furthermore, if the volume signature associated with the hammer candle is significant, it adds even more confidence to our thesis. We are looking to cash in on shorts who are taking profits and covering, as well as dip buyers who are taking chances here on oversold positions. Expectation? an assembly. Ideally, you identify a hammer candle, take a long position on a break on the upside of the candle, and set risk on the low or in the body of the hammer. Bullish Hammer Example;- Let’s look at a real-life example with BTC. Right off the open, BTC retests the lows from the pre-market. Once it reaches those levels, volume increases slightly as it reverses on the 5-minute chart seen here. Visibly, there is a “shelf” forming near the low of the hammer candle’s body. The bar to the left and right is also closed and open in that price “shelf” area. The second 5-minute chart opens with a bit of weakness, then rallies strongly above the Hammer candle. This is your signal to go long. The break of the Hammer candle body. Set the stop below the close of this bullish 5-minute candle. 2. Bullish Engulfing Crack:- You can imagine that shorts will start covering given the rising price of the stock. This adds fuel to the already existing buying pressure. The result is a bullish candlestick pattern that swallows up the bears' efforts. For the long-biased trader, the opportunity is perfect. As is the case with any setup, we are looking for evidence to sway our confidence in either direction. The fact that the bears completely got away in this single bar is proof enough for us. You go long on the break of the previous bar and set the stop on the low. Bullish Engulfing Examples:- Here's a snapshot of BTC, which provided us with a beautiful opening range breakout (ORB) opportunity right out of the gate on this particular day: After the selloff, buyers come in and remove the selling pressure from the pre-market, engulfing the bears before moving up. To be safe, you enter long when the red candle breaks, setting your risk at the low level or body of the first green candle. There are some advanced traders who are more aggressive and may take their positions early if they feel a reversal is imminent. 3. Bearish Engulfing Sandwich:- do not be confused. Just because the name says "bearish" doesn't mean it's a bearish pattern. Far from it, actually. It is often referred to as a stick sandwich. The name is derived from the sandwiching of a "bearish engulfing" candle by two bullish candles. Thus, it is a bullish candlestick pattern in this context. Similar to the above example of a Bullish Engulfing Crack, this pattern takes a bit longer to "move through" so to speak. Essentially an extra bar. The perception is that the trend has reversed and we are now going down. After all, the bearish engulfing candle gives us that confidence, If you're on the smaller side, there's hope. However, stocks don't always do what we want them to. We have to react to what the market gives us, not what we think should happen. In this case, the Bearish Engulfing Crack is used by two bullish candles that move upwards. If you are short, hopefully, you have respected your stop loss. If you are a long-time bias, here is a good opportunity for you. Bearish Engulfing Sandwich Example:- After opening with a 5-minute candle chart, BTC gives a great view of it in real-time. In this case, the right side of the sandwich acts similarly to the Bullish Engulfing Crack candlestick pattern. For all intents and purposes, you should treat your entries and risk according to the same pattern. 4. The Morning Star:- Morning Star should gap down. It's difficult to find on an intraday basis. For this reason, we are good enough for a solid Doji candle reversal pattern. The opening candle should be long-bodied and bearish. The middle candle is the one with the smaller body. A reversal candle is another bullish candle with a long body (usually gaping up). The close of this bullish long-bodied candle should be above the midpoint of the first candle. Without much selling pressure, the candlestick climbs to higher prices as sellers cover and buyers take advantage of discounted stock pricing. Morning stars can also appear as morning Doji stars. They look almost identical except for the body of the middle candle. The story of buyers and sellers remains the same. Bullish Morning Star Example:- You can see this in action with the BTC example below. A long-body bearish candle, followed by a narrow-body indecision candle. The bulls take control of the next candle and the rest is history. It is worthwhile to note the volume of the first candle. We cannot assume that this is a complete recession. As you can see, there is buying pressure at lower levels. When a Doji candle is formed, it gives us confidence. As a result, as soon as the price moves away from the lower level of the green candle; It does this in small amounts. How can we explain that? It took less effort to increase the price. Therefore, we can assume that the reverse is "ease of movement". This should give us confidence in our long position. 5. Tweezer Bottom:- The Tweezer Bottom Bullish candlestick pattern consists of two candles – usually with small bodies. The first should be a red/bearish candle, and the second a green/bullish candle. Theoretically, the Tweezer Bottom alerts the chart reader to the fact that an attempt is being made to push the price down, but to no avail. Two smaller-sized candles represent the presence of demand in the market. Supply is being absorbed keeping candles short in the presence of selling pressure, so the volume sign will appear higher. Entry should be taken as soon as the price breaks through the second candle. Stops can be set on the lows. Bullish Tweezer Bottom Example:- BTC is displaying a beautiful tweezer bottom candlestick pattern for us on the 5-minute chart. Note the narrow bodies of the two candlesticks, their symmetry, and the close range from red to green. The volume of this first red Doji is particularly interesting. Note how high it is here. Given the context, we can interpret this as an absorption of supply. The second candlestick (green) then rapidly decreases in volume. Thus, our thesis is confirmed that sales are absorbed and eliminated. 6. Piercing Line:- The piercing line may look similar to a bullish engulfing pattern. The exception is that the piercing line does not completely encircle the previous candle. It is still considered a bullish candlestick pattern as it overcame the downward momentum to close at least midway in the body of the previous candle. It pierces the bottom line but inevitably retraces. Bullish Piercing Line Example:- Piercing lines may present a greater risk to reward at lower levels of support. They can also act as a spring in the trading range. This 5-minute chart of BTC shows the combination of an opening range breakout (ORB) with a piercing line. Together, it's a combination that can really add confidence to our entryways. As with any setup, the more evidence we have to confirm our bias and plan, the better. For this reason, it is always good to ask yourself: Are the trends in my favor? Is it time for a change? Does the volume confirm my thesis? Is the stock in an area of support or resistance? Are the multiple timeframes in line with my view? Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
Education
by CryptoSanders9563
7
The 4 Most Common Indicatorshello dear traders, Here are some educational chart patterns that you must know in 2022 and 2023. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. Trend traders attempt to isolate and extract profit from trends. The method of trend trading tries to capture gains through the analysis of an asset's momentum in a particular direction; there are multiple ways to do this. Of course, no single technical indicator will punch your ticket to market riches; in addition to analysis, traders also need to be well-versed in risk management and trading psychology. But certain strategies have stood the test of time and remain popular tools for trend traders who are interested in analyzing certain market indicators. Moving Averages:- Moving Averages:- Moving Average is a technical analysis tool that smoothes price data by creating a continuously updated average price. On a price chart, the moving average forms a single, flat line that effectively eliminates any variation due to random price fluctuations. The average is taken over a specific period of time—25 days, or any time period that the trader chooses. For investors and long-term trend followers, the 200-day, 100-day, and 50-day simple moving averages are popular choices. There are many ways to use moving averages. The first is to look at the angle of the moving average. If it is moving mostly horizontally for an extended period of time, the price is not trending, it is ranging. A trading range occurs when a security trades between high and low prices consistently for a period of time. If the moving average line is in an upward direction, then an uptrend is underway. However, moving averages do not make predictions about the future price of a stock; They simply reveal what the price is doing on average over a period of time. Another way is to use crossover moving averages. By plotting the 200-day and 50-day moving averages on your chart, a buy signal occurs when the 50-day crosses above the 200-day. A sell signal occurs when the 50-day crosses below the 200-day. When the price moves above the moving average, it can also be used as a buy signal, and when the price moves below the moving average, it can be used as a sell signal. However, the price is more volatile than the moving averages, so this method is more prone to false signals, as shown in the chart above. Moving averages can also provide support or resistance to the price. Moving Average Convergence Divergence (MACD):- Moving Average Convergence Divergence (MACD):- The Moving Average Convergence Divergence (MACD) is a type of oscillating indicator. An oscillating indicator is a technical analysis indicator that oscillates over time within a band (above and below the centerline; the MACD oscillates above and below zero). It is both a trend-following and momentum indicator. A basic MACD strategy is to look at which side of the MACD line is zero in the histogram below the chart. If the MACD lines are above zero for a sustained period of time, there is a possibility of an uptrend for the stock. Conversely, if the MACD lines are below zero for a sustained period of time, the trend is likely to be down. Using this strategy, potential buy signals occur when the MACD moves above zero, and potential sell signals when it moves below zero. Signal line crossovers can also provide additional buy and sell signals. The MACD consists of two lines – a fast line and a slow line. A buy signal occurs when the fast line crosses through and above the slow line. A sell signal occurs when the fast line crosses through and below the slow line. Relative Strength Index (RSI):- Relative Strength Index (RSI):- The Relative Strength Index (RSI) is another oscillating indicator, but its movement ranges between zero and 100, so it provides different information than the MACD. One way to interpret the RSI is to view the price as "overbought" - and due to a correction - when the indicator is above 70 in the histogram, and to view the price as oversold - and due to a bounce - when the indicator is below 70. is 30. In a strong uptrend, the price will often reach 70 and above for sustained periods of time. For a downtrend, the price may remain at or below 30 for a long period of time. While general overbought and oversold levels can sometimes be accurate, they may not provide the most timely signals for trend traders. One option is to buy near oversold positions when the trend is up and short near overbought positions in downtrends. For example, suppose the long-term trend of a stock is up. A buy signal occurs when the RSI crosses below 50 and then crosses back above it. Essentially, this means that the price has come down. Hence the trader buys when the pullback appears to be over (according to the RSI) and the trend is resuming. The 50-level is used because the RSI typically does not reach 30 in an uptrend unless a potential reversal is taking place. A short-trade signal occurs when the trend is down and the RSI moves above 50 and then moves back below it. Trendlines or moving averages can help establish the direction of the trend and in which direction to take trading signals. On-Balance Volume (OBV):- On-Balance Volume (OBV):- Volume is a valuable indicator in its own right, and on-balance volume (OBV) takes important volume information and compiles it into a single-line indicator. The indicator measures cumulative buying and selling pressure by adding volume on "up" days and decreasing volume on "down" days. Ideally, the volume should confirm the trends. With an increasing price there should be an increasing OBV; With a falling price, the OBV should also fall. If the OBV is rising and the price is not rising, it is likely that the price will follow the OBV in the future and start rising. If the price is rising and the OBV is flat-lining or declining, the price may be nearing the top. If the price is falling and the OBV is flat-lining or rising, then the price may be nearing the bottom. The Bottom Line:- In addition to providing trend trading signals and warnings about reversals, indicators can simplify price information. The indicators can be used on all time frames, and for the most part, they have variables that can be adjusted to suit each trader's specific preferences. Traders can combine indicator strategies - or come up with their own guidelines - so the entry and exit criteria for trades are clearly established. Learning to trade indicators can be a difficult process. If a particular indicator appeals to you, you may decide to do further research on it. Most importantly, it is a good idea to test it before using it to trade live. And for those who have never actively traded before, it is important to know that opening a brokerage account is an essential first step in gaining access to the crypto market. Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
Education
by CryptoSanders9563
5
There are three types of triangle patterns: ascending, descendinHello, welcome to this Types of Three Triangle Pattern Update. I have tried to bring the best possible outcome to this update TRIANGLE PATTERN ANALYSIS:- Symmetrical triangle; The symmetrical triangle follows a bullish trend, so watch carefully for a breakout below the ascending support line, which will signal a market reversal for a downtrend. The symmetrical triangle should be monitored for an upside breakout signal of a bullish market reversal. A breakout from a symmetrical triangle is generally considered a strong indication of future trend direction that traders can follow with some confidence. Again, the triangle formation provides easy identification of appropriate stop-loss order levels – below the bottom of the triangle when buying, or above the triangle when selling short. Ascending Triangle; Ascending Triangle Pattern Because the ascending triangle is a bullish pattern, it’s important to pay close attention to the supporting ascension line because it indicates that bears are gradually exiting the market. Bulls (or buyers) are then capable of pushing security prices past the resistance level indicated by the flat top line of the triangle. As a trader, it’s wise to be cautious about making trade entries before prices break above the resistance line because the pattern may fail to fully form or be violated by a move to the downside. There is less risk involved by waiting for the confirming breakout. Buyers can then reasonably place stop-loss orders below the low of the triangle pattern. Descending Triangle; The descending triangle pattern is the exact opposite of the pattern we just discussed. This triangle pattern provides traders with a bearish signal, indicating that the price will continue to move lower as the pattern completes. Again, two trendlines form the pattern, but in this case, the bottom support line is flat, while the top resistance line is sloping down. Which is formed in a downtrend. If it appears during a long-term uptrend, it is usually taken as a sign of a potential market reversal and trend change. However, each attempt to push the price up is less successful than the one before. , and eventually, the sellers take control of the market and push the price below the supporting lower line of the triangle. This action confirms the signal of the descending triangle pattern that prices are going down. Traders can sell short at the time of a downside breakout, with stop-loss orders placed slightly above the highest price during the formation of the triangle. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
Advantages and Disadvantages of Crypto Currency. Hello dear traders, Here are some educational chart patterns you must know in 2022 and 2023. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. advantages and Disadvantages of Crypto Currency trading Advantages of Spot Trading:- Spot trading has several advantages over other types of trading, such as margin trading or futures trading. There are several advantages to spot trading: - It is much simpler and easier to understand, making it the best way to get started in the cryptocurrency market. It will give you a good understanding of how the market works and how to trade cryptocurrencies. - There is no need to worry about complex contract terms or managing leverage. - Spot trading provides exposure to the underlying asset rather than just a derivative. This means that you can benefit from changes in the asset price rather than just the direction of price movement. - You can take advantage of market opportunities as they arise rather than waiting for a contract to expire. - Spot trading is suitable for both short-term and long-term strategies. Disadvantages of Spot Trading:- While this may seem like a quick and easy way to make money, there are several disadvantages to this method that you should be aware of before getting started. - One of the biggest disadvantages of spot trading is the volatility of the cryptocurrency markets. Prices can fluctuate wildly from one day to the next, making it difficult to predict when to buy or sell. This can lead to losses if you're not careful. - Another downside of spot trading is that you have no leverage. This means that you can only trade with the amount of money you have in your account. You can't borrow money from a broker as you can in traditional markets. - Spot trading also comes with various fees, including exchange fees, deposit fees, and withdrawal fees. These can add up over time and eat into your profits. - Not all exchanges offer spot trading for every cryptocurrency. This means that you may be unable to find a buyer or seller for the coin you want to trade. Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you.
Education
by CryptoSanders9563
2