Bull div on RSI & MACD + Dragonfly Doji + Strong daily horizontal. Fib targets and important price areas in purple. DASHBTC chart looks bullish as well
Here’s a daily BTC chart. As you can see, i draw two big boxes, a red one and a green one. They represent where the direction towards which BTC should go and should NOT go in order to have a bullish/bearish market. In other words, the moment BTC breaks the red box, we can be sure that we are in a BULLISH market, if it goes below the green box, we are still in a...
Many people wanting to know whats happening with bitcoin at the moment. The information I provide you below will give you the answers that you are looking for, not everything can be told until we see certain movements and thats what you will find out below. Many people have been asking.... yesterday we closed on a dragonfly Doji..... No we did not close on a...
According to candlestick charting criteria, we could determine a few signs of bearish implication (reversal patterns): 1. Hanging man candlestick (could be interpreted as dragonfly doji) 2. Shooting star 3. Double top as a strong reversal pattern (blue dotted line) And an additional bearish sign: 4. A decrease in price volume These are enough signs for pattern...
Hello, traders! We see Rising Wedge for GBPJPY. And, potencial Bullish Shark Pattern. Target on the chart. Stop on the chart. Let`s see. High risk trade! Thank you for your attention.
This is a big deciding moment...the price wants to flirt with the support line of 9500 on the depth chart that I spoke of in the last idea. however we see the last 4 hour candle closed as a dragonfly doji, which is indicative of a bull reversal...the RSI is also approaching the oversold zone...9500 is also still the price dip that if it were the deepest dip of the...
Here you can see a Long legged / dragonfly doji forming. This indecision signal could be the first sign of a potential short or long term bullish reversal. Keep an eye on this.
Two possible ways for GBPJPY Possible targets on the chart. Trade Care!
I really only publish charts so I can say "I told you so" to IamNomad later on. The general idea is that price quickly retraces 50% of the dump while consolidating on RSI = 50. Also, watch for cloud support to hold until the bearish TK cross (Red over Green). A daily candle close inside the cloud with a bearish TK cross would be a reliable signal the fractal has...
I think we are going to retest the 0.382 Fibo, if 0.618 can hold ... Regards!
Yesterday, we highlighted a hammer candle on the SPY ETF and today we get a rare Dragonfly Doji candlestick pattern. Both patterns are reversal patterns, where bulls push stocks back to the opening levels, after initial weakness. This, paired with bottoming slow stochastics (for example) makes us bullish ahead of NFPs tomorrow.