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Dragon

BLZ (Bluzelle) Dragon. Potential + 18-60%. Channel work 45%After breaking through support for the horizontal channel in increments of about 45% , the price made an attempt to return back to the channel. An attempt to break through the resistance that used to be support turned out to be unsuccessful. Thus, forming a local maximum, which is the "hump" of the dragon. A local downtrend has formed . A break of the line of the local downtrend will mean confirmation of the “Dragon” figure. The points (zones) for observation on which this or that movement depends I showed on the graph. I think the algorithm of work here is extremely clear. ENTRANCE. 1) Entrance on a breakthrough or pullback after breaking a trend resistance line (red resistance line). 2) Entrance from the bottom of the previous horizontal channel, but after the price has fixed in it. 3) The input is higher than the resistance of the previous channel when support is confirmed. This will mean a complete reversal of the trend in the upward. TARGET. Dragon target. 1) The first target is the hump of the Dragon + 18% (local maximum, support of the previous channel, which became resistance). 2) The Head of the Dragon (resistance of the previous channel) + 60% Target on the channel. (provided that the price returns to the channel and consolidates in it). 1) Channel width - entrance from the bottom to the resistance + 35-45%. 2) Goals above the channel during a trend reversal if the price overcomes the channel resistance and fixes above it. Stop loss Under key support levels during your entry into the market. The figure of the Dragon consists of the following components: 1) Head. 2) Ridge (downward line of the local trend). 3) 1 paw. 4) The hump. 5) 2 paws. 6) Tail (target area). It is worth noting that the Dragon pattern is confirmed only when the price overcomes the downtrend line (“breaks the Dragon ridge”). Before, it makes no sense to enter the market. Read more about this figure in these educational idea. EDUCATION. Dragon figure. Formation. Structure. Target. Mirror Image of the Dragon Pattern - Inverted Dragon. EDUCATION . Combination of both inverted dragon and dragon figures at the same time.
by SpartaBTC
SC / USD (Siacoin) Dragon. Price at the trend fracture zone.On the SC / usdt (Siacoin) pair, the Dragon formation was formed. It will be confirmed when the price breaks the downtrend line (dragon ridge). Now a breakdown is taking place. ENTRANCE 1) on a breakthrough or pullback after a breakdown of a downtrend line (resistance). It is very important for price growth that the price consolidates above the downtrend line. 2) Above the hump level, if the price fixes above this level. 3) In cases where it is not possible to break through the price and consolidate above the downtrend line - the entrance from the zone near the local minimum price when confirming support. TARGET 1) The level of the hump of the Dragon. 2) The level of the head of the Dragon. 3) In cases where it is not possible to break through the price and gain a foothold above the downtrend line - the target is a zone near the local minimum of the price. Stop loss Under key support levels during your entry into the market. Perhaps we are now in the zone of fracture of the main trend and the emergence of a new uptrend. It is worth noting that these are local first targets in a trend reversal. With the reversal of the main trend, the price increase of such a cheap coin can be hundreds of percent. This has been more than once. TEAM and PROJECT Siacoin is a pump coin with a very strong team and a real product that maybe no one needs, but it is still real. And this has a huge advantage over various scams. The downside is that it is a relatively old coin, and as a result there were many pumps and maybe there are still many passengers who, at any price increase, will get rid of the coins, thereby preventing the price from moving up. But let's hope that the 2 year dump “killed the faith in the project” and forced them to sell coins earlier. NEWS + tracking prices. It is also worth noting that today there was news and a major update: Sia launched a beta version - Sia v1.4.2.0. siastream.tech Includes: a new notification system to inform you of problems, the implementation of FUSE to mount Sia as a disk and significant corrections for processing contracts. Notice how the news adjusts to the price chart. Today is precisely the moment when the price was to break through the downtrend of the local trend. Coincidence - there can be no coincidence in a fake world. Coincidences are planned actions disguised as randomness. These are just 3 of over 20 big updates. Accompanied by prices in an uptrend. Siacoin / bitcoin Also, please pay attention to this coin paired with bitcoin. Looks great for growth. SC/BTC The level of the local minimum. Descending wedge. Points
by SpartaBTC
17
BAT / USDT. Potentially Forming a Dragon Pattern. BAT/USDT may be forming a Dragon Formation , provided that the price breaks the downtrend line (red line) and fixes above it. If the price cannot overcome the downtrend line, then the downtrend will start with the target zone being the local low. The points of observation are showed on the graph. ENTRANCE 1) Entrance on a breakthrough or pullback after breaking a trend resistance line (red resistance line). 2) Entry from the previous price lows when confirming support, if in this situation the price can not overcome the downtrend line. TARGET 1) If the price overcomes the trend resistance line and fixes above it, then the Dragon Formation will be confirmed. The entire length of the "Dragon's tail" is the target zone of this figure. The potential is from +19% (hump level) to +128% (head level). 2) If the price does not overcome the downtrend line, then after the downtrend, the entrance is from support (around. 0.145-0.15) the first target being the downtrend line. Stop Loss Under key support levels during your entry into the market. I learnt this formation from "SpartaBTC" so if it works out, he deserves the credit.
by TravelingAndTrading
Soon pump season altcoins? Head and shoulders. Inverted Dragon.Bitcoin dominance chart by market capitalization. You probably noticed that over the past month, many violas went to growth by a large percentage. This can be seen in my trading ideas for some altcoins. Maybe it's not casual? At the moment, we see that the dominance of bitcoin over other assets is still in an uptrend. % BTC dominance came very close to the uptrend line. At the top of the uptrend, the "Head and Shoulders" figure has formed. Breaking the Neck line will mean a 9.3% decrease in dominance. And this is already below the line of the upward trend of BTC dominance. Perhaps we will see a change in the trend of bitcoin dominance in the market. Breaking the uptrend line will mean that we will confirm the final formation of such a complex, long-forming and rare formation on the market as the “Inverted Dragon ”. Which in turn can consist of many small figures. Confirmation of this figur provides an understanding of the direction of the trend in price movement in the long term. At the moment, we already see all the components of this formation formed: the head of a dragon, the first paw of a dragon, the hump of a dragon, the second paw of a dragon. Everything is there, except for the “Dragon Tail”, which in turn is the target the figure. But you need to remember that only a breakthrough of the uptrend line (Dragon Range) gives confirmation of the figure. This will mark the beginning of a full-fledged pump season of long-suffering altcoins. Consequently, a new hype, the arrival of new people and new "stupid money" to the market.  If we break the uptrend line and the percentage of Bitcoin dominance is fixed under it, this will mean the opening of a full pump of the altcoin season! But we must not forget that if the uptrend is not breaking through and the dominance of bitcoin will increase, this will mean the death of most altcoins, except TOP. But I am more inclined to believe that the uptrend line will break and the long-awaited season of pumping altcoins will begin.
CRYPTOCAP:BTC.D
by SpartaBTC
3
ADAUSDT - the DragonThe Dragon pattern is similar to the ‘W’ pattern or the ‘Double Bottom’ pattern with a few different trading rules and targets. Inverse Dragon patterns are similar to ‘M’ pattern. Dragon patterns usually form at market bottoms. Dragon patterns work in all timeframes and in all market instruments. Like most ‘Double Bottom’ patterns, Dragon patterns present excellent trading opportunities with low risk to reward ratios. The Dragon pattern starts with a ‘Head’ formation and price declines from the head level to form two legs of the Dragon. These two legs usually form within 5% to 10% of the price difference. The second leg has a strong indication of reversal as it posts a key reversal bar or a divergence in any oscillator indicators. A spike in volume usually follows the price rise of the second leg. A trend line is drawn connecting the head of the Dragon to the hump. When price closes above the trend line and is confirmed by price action or divergence in any oscillator, it signals a reversal. The second confirmation of the Dragon pattern occurs when the price closes above the hump, which is 38% to 50% of the range or the Swing High/Low between the two Dragon legs (or peaks for Inverse Dragon) from head to the low of the first leg. Anatomy of a Dragon Pattern A. Head of the Dragon B. Formation of first leg C. Hump (must be 0.38 to 0.5 of AB) D. Second leg (can be 0.618 to 1.27 of AB) E. Trend line breakout (Long Trigger) F. First target at 1.27 of CD G. Second target at 0.886 to 1.0 of BC H. Third target at 1.38 of AB I. STOP: Place a stop few ticks below the lowest low of two legs.
Education
by IgorPorokh
The BTC Dragon still high in the sky!haha ok so I just wanted to have a little fun here and refer back to a previous idea of mine earlier this week. I wrote about the Ichimoku clouds indicator and how this could be a powerful tool to use especially in a longer time frame. Particularly on the weekly chart where we can see the symmetrical triangle formation still above the Ichimoku Cloud supporting a bullish run with a PT of around 15k. That would be about a .5X return from current levels. Prices currently seem to have breached the bottom convergence line of the triangle but the Fib retracement 0.382 level is supporting prices around 9400/9500. And to reiterate, the 21 SMA is still above the 50 & 100 confirming bullish strength to the upside in the near future.
BITSTAMP:BTCUSDLong
by jiamijiang
5
Simultaneously Figures Inverted Dragon and DragonOn the graph you can see how one figure goes into another and all goals are fully fulfilled. The figure of the technical analysis "Inverted Dragon " all the description, lines, goals on the graph are yellow. The figure of the technical analysis " Dragon " all the description, lines, goals on the chart are blue. In trading such figures, the most important thing is the trend lines ("Dragon Ridge"). In this example, "Inverted Dragon" has an upward trending white color. And the figure "Dragon" has a downtrend in purple. Also, when trading and identifying a figure, zones of a trend break are very important, in this example they are indicated by red circles. _________________________________________________ About the figure "Dragon" I described in great detail in the article: Figure Dragon. Formation. Structure. Goals. Read more in this tutorial. In this article I want to describe the mirror image of the “Dragon” figure - this is “Inverted Dragon”. The “Inverted Dragon” / “Dragon” figures got their name due to some resemblance to a fairy-tale character: he also has a head, two legs, a tail and a hump on his back. The figure "Inverted Dragon" consists of 5 parts, formed in the following order: 1) Dragon Head - the minimum price of all parts of the figure; 2) The first paw of the Dragon is the local maximum price; 3) The Hump of the Dragon - the minimum price between its paws; 4) The second paw of the Dragon is another maximum located slightly below / above the first paw, in rare cases equal to the maximum of the first paw; 5) Dragon Tail is the target price that should bring you revenue. _____________________________________________________ “Inverted Dragon” is a reversal pattern that indicates almost the very beginning of a trend reversal. The formation of the “Inverted Dragon” tells the trader that the mood in the market may change soon and the current trend will unfold. The figure is a more modified version of the “Double Peak” figure, while signaling a change in the bull market to the bear market. But there is one fundamental difference from the “Double Peaks” figure. A prerequisite for the formation of the Dragon is a trend line drawn through the head and hump of this model ("Dragon Ridge"). It is important that this trend line is clearly visible on the chart. The trend line plays an almost decisive role in the figure. “Inverted Dragon” and “Dragon” with the correct identification and understanding of the work, you can get good profit on various time frames. The “Inverted Dragon” shape and its mirror image “Dragon” are very similar to the “Double Peak” and “Double Bottom” figures, however, they also have significant differences, which will be described below. _______________________________________________ Stages of the formation of the figure. The "Inverted Dragon" is formed on an uptrend. Its formation begins with the "Head". It represents a local minimum. After the formation of the "Head", the market continues an upward movement, as a result of which two maximums "1 paw" and "2 paws" successively appear on the price chart. (Two peaks). The local maximum from the first test of the resistance line at the upper border of the figure forms "1 Dragon's paw." After repeated testing of the same level of resistance, "2 paws of the Dragon" is formed. The difference between the maxima of the first and second "paws" can be from a few percent to 5-10%. Between the paws of the "Dragon" should be formed a hollow (bottom, local minimum - correction from the upward movement), which is called the "Hump of the Dragon." At its core, the formation of the “Head – Lap – Hump – Lap” ligament is a “Double Peak” reversal pattern. The close of the formation of the “Inverted Dragon” figure is indicated by the closing of the price below the “Dragon Range” - a trend line (support) drawn along its points from the “Head” and “Hump”. This will be a signal of a trend reversal. It is advisable to wait until the candle, after crossing the line, closes below the "Hump" level (the price has fixed). __________________________________________________________ Shape shaping and volume change. As prices move from head to forepaws, volumes rise, confirming the uptrend that existed at that time. But already with the formation of the hump of the dragon, everything changes. Volumes begin to grow in the direction of the downtrend and decrease in the direction of the upward. This indicates an imminent change in trend. Finally, an additional confirmation signal can be an increase in the trading volume, which should increase during the price breakthrough of the uptrend of the “Inverted Dragon” figure (support). This is a breakdown of the trend line that connects the points of the “Dragon Head” and “Dragon Hump”. And then the price drop in the direction of the dragon's tail is accompanied by a rapid surge in volume, which finally confirms the trend reversal. True price movements are always accompanied by an increase in the volume indicator. This means that if volumes grow in the direction of the dragon's tail (the direction of the future trend) and decrease in the direction of the previous trend, then the future trend is definitely gaining strength and the “Inverted Dragon” figure is true. ___________________________________________ Setting targets when working with a figure. There are two options for entering a deal: 1) Entrance when breaking the line of the "Dragon Range" of the uptrend (line- "Head" - "Hump"). 2) Entrance when breaking through the level of "Hump of the Dragon. ___________________________________________ First target. To be at the level of the last minimum - the level of "Hump". The second target. To be at the very minimum value of the figure - the level of "Head". The third target. In rare cases, this is the entire length of growth from the “Head” to the very top “Paw” - then from the point of breakdown of the ascending trend line (“Dragon Ridge”), we establish the entire length of the previous growth — this will be the last target of the “Dragon Tail”. In this example, the graph shows only taking 2 goals. Only in 10% of cases, 3 is the target relevant, for this you need a very strong trend movement. _____________________________________________ There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations.
AMEX:SPYEducation
by SpartaBTC
9
BTC Inverted Dragon The tragedy of faith Important areas FiguresBTC - potential shapes of technical analysis figures depending on the breakout / price retention levels. A huge symmetrical triangle - a bear measured move - Triple top - Inverted Dragon. BTC / USD 1 week. I will write the zone algorithm and what will be drawn on the chart depending on the retention / penetration of a certain zone and levels. ________________________________________________ A very important area of $ 7,000, all hopes for it. From it, there can be a movement up and the symmetrical HUGE TRIANGLE is drawn. It will be our victory and hope! As working up / down -50/50. As you can see, from the very beginning of Bitcoin trading, this has already happened more than once. If we assume that we will not hold this zone - as a result the residual confirmation of the “Bear measured move”. In 2014-2015, this formation - “Bear measured move” was formed and worked out. BTC important areas on which further movement depends The breaking of this zone will also mean - the break of the "Dragon Ridge" (uptrend line) Figures "Inverted Dragon" The first goal for the "Inverted Dragon" is the zone of his "Hump" - the region of $ 3200. Inverted Dragon. The figure is rare. But almost always fulfills. CONFIRMATION OF THE FIGURE WILL HAPPEN WHEN: The uptrend will break. This is the yellow line on the chart (Dragon Ridge)! ____________________________________________________________ If we hold the zone of $ 3200 and the price goes up, the "Triple Top" will be drawn - the target is around $ 7000. Then you need to observe how the price will continue to behave. Or work out a fall from the "Triple Top" or conquer new heights of price. __________________________________________________ The opposite situation, if God forbid, we will not hold the zone of $ 3200 (squeezes and takeaways do not count), I mean if the price fixes for a long time below this zone. Most traders will see which figure is drawn and what is confirmed. This will be a complete confirmation of the “Inverted Dragon”. And the second goal (the first area of the "Hump") is "Dragon Tail." Price will fall in an avalanche. How fantastic are the goals for developing shapes. As an option, we can’t stop at the last high of the 2014 pump ($ 1,100). It’s even hard to imagine the residual target of Dragon Tail - this is an area of $ 200- 70-80. I do not know what will happen for this, probably the event is equal - to the third world war. __________________________________________________ I’ll write a couple of lines about the “Inverted Dragon” figure. “Inverted Dragon” is a reversal pattern that indicates almost the very beginning of a trend reversal. The formation of the “Inverted Dragon” tells the trader that the mood in the market may change soon and the current trend will unfold. The figure is a more modified version of the “Double Peak” figure, while signaling a change in the bull market to the bear market. But there is one fundamental difference from the “Double Peaks” figure. A prerequisite for the formation of the Dragon is a trend line drawn through the head and hump of this model ("Dragon Ridge"). It is important that this trend line is clearly visible on the chart. The trend line plays an almost decisive role in the figure. “Inverted Dragon” and “Dragon” are not very common on charts. With the correct identification and understanding of the work, you can get a good profit on various time frames. The “Inverted Dragon” shape and its mirror image “Dragon” are very similar to the “Double Peak” and “Double Bottom” figures, however, they also have significant differences, which will be described below. _________________________________________________________________ The potential profit corresponds to the length of the Dragon Tail, which, as a rule, is equal to the height from the point of occurrence of the trend line to the minimum point of its "Head". Simply put, the entire length of the Tail is your potential profit. Objectives of working out the figure "Inverted Dragon": The first goal will be at the level of the last minimum - the level of "Hump". The second goal will be at the very minimum value of the figure - the level of the "Head" or from the breakdown of the level of the "Dragon Ridge" - all growth from the "Head" to the highest point of the "Paw" is superimposed. __________________________________________________________________ Be smart, act on a situation, not faith. Faith - kills. There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations. Count in trading all your and others' options for action in advance. If you trade because of hopes and expectations, and not according to a trading plan, you follow a nervous and unprofitable crowd.
BNC:BLX
by SpartaBTC
5
Dragon figure. Formation. Structure. Targets.“Dragon” is a reversal pattern that indicates almost the very beginning of a trend reversal. The formation of the Dragon tells the trader that market sentiment may change soon and the current trend will unfold. The figure is a more modified version of the "Double bottom" or "W" shape, while it signals the change of the bear market to the bull market. But there is one fundamental difference from the “Double Bottom” figure. A prerequisite for the formation of the Dragon is a trend line drawn through the head and hump of this model ("Dragon Ridge"). It is important that this trend line is clearly visible on the chart. The trend line plays an almost decisive role in the figure. “Dragon” and “Inverted Dragon” with the correct identification and understanding of the work, you can get good profit on various time frames. The figure “Dragon” and its mirror image “Inverted Dragon” are very similar to the figures “Double top” and “Double bottom”, however, they also have significant differences, which will be described below. ________________________________________________ There are two types of this figure, depending on the trend: 1) “Dragon” - is formed during a downtrend and signals a trend change to an uptrend; 2) “Inverted Dragon” - is formed during an uptrend and signals a trend change to a downtrend . ___________________________________________________ The figure "Dragon" got its name due to some similarities with the fairy-tale character: he also has a head, two legs, a tail and a hump on his back. The figure "Dragon" consists of 5 parts, formed in the following order: 1) Dragon Head - the maximum price of all parts of the figure; 2) The first paw of the Dragon - a local minimum price; 3) The Hump of the Dragon - the maximum price between its paws; 4) The second paw of the Dragon is another minimum located slightly below / above the first paw, in rare cases equal to the minimum of the first paw; 5) Dragon Tail is the target price that should bring you revenue. ____________________________________________________ Additional signals that confirm the trend reversal and enhance the development of the "Dragon" figure: 1) The ratio of the length of the "dragon's paws" - if the "second paw" is longer, then there is more confidence in the upcoming turn. 2) When the level of the "second paw" coincides with some important level of support / resistance, already tested in the past, this also enhances the development of the figure. 3) Candles are strongly pronounced (large bodies with short shadows) that have gone in the opposite direction after the formation of the "second paw", the greater the likelihood of a change in the current trend. 4) The more a trend exists, the more likely it will end. The “Dragon” pattern is often in the 5th wave of the trend and in this case the reversal signal is very reliable. 5) An additional confirmation signal can be an increase in the indicators of the trading volume, which should increase during the break through the price of the downward trend line of the “Dragon” figure (resistance). This is the line drawn from the top of the Dragon Head to the bottom of the Dragon Hump. __________________________________________ Setting goals when working with a figure. There are two options for entering a deal: 1) Entrance when breaking the line of the "Dragon Range" of the downtrend (line- "Head" - "Hump"). 2) Entrance when breaking through the "Hump of the Dragon" level. __________________________________________ Now you need to decide on our targets: The first targets will be at the level of the last maximum - the level of "Hump". The second target will be at Head level The third target is, in rare cases - the full length of the fall from the “Head” to the lowest “Paw” - then from the breakdown point of the downward trend line (“Dragon Ridge”) we set the entire length of the last price See the chart above. The graph shows that it was the Third Goal that worked completely on the graph.
BITSTAMP:ETHUSDEducation
by SpartaBTC
DRGNBTCLooking at DRGN on the daily Willy is stupidly oversold with a nice W breakout Histogram showing a nice divergence (Not yet confirmed) OBV not looking to bad. It wants to break up Target and resistance between the 618 and 786 POC around that resistance area acting as resistance Double distribution in VPVR All im looking for now is a nice W in price to create some structure to create a floor. SL will be that low * Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
DLong
by Cryptonite_trader
1
DRGNBTCLooking at DRGN on the daily. Looking at DRAGON since I last bought it at 701 sats, it has done pretty well. Willy is slowly making its way up in to over bought Histogram still looks good but would like to see it break into higher highs Could have a potential inverse head and shoulders working in price Huge notch in VPVR for price to fill in. 200ma around the 1600 sat mark that could play as resistance Target is in between the 618 and 786 area where it meets previous resistance in price POC sitting all the way up in the 2300 sat range Im still looking to sell have on a double to let the rest ride. * Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
DLong
by Cryptonite_trader
DRGNBTCLooking at Dragon on the daily * Willy is stupidly over sold and also making a nice bullish divergence * Histogram looking ok break up past the 0 line (Would like to see some more structure in the histogram) * OBV looking healthy and confirming a nice bullish div * Price double bottom on the 4H chart but would like to see something more solid. * Price could potentially run up into resistance at the 618 and 786 fibs which also lines up with the POC I will be placing a tight stop loss * Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
DLong
by Cryptonite_trader
2