Figures
H4/BAT Long Accumulation from $0.50H4/BAT Update: Slowly marking lower, 06:00 UTC, 12/10/2021
Still a long way off from $0.50 w/ 3x $0.05 cent price levels from it
Price crossing under the 200 EMA, along a freshly-created DTL
Buy orders hanging at $0.75 & $0.50 for an accumulation
ETHUSDT Analysis 02-09-2021 by TheSocialCryptoClubMorning,
as we could see after the big dump that involved the whole crypto sector starting from Bitcoin, a very strong support was reached where buyers made their pressure felt, keeping the price around the major support zone between 1800-2000.
After a phase of accumulation and lateralization, the volumetric profile shows us an interesting PoC (Point Of Control) in that area coinciding with our 0.618 Fibonacci calculated by CryptoFall.
Following the levels we can well notice how in the area 0.5 and 0.382 other important volumetric densities are created.
The clearly bullish price started its uptrend on 21/07/2021 to go and build a beautiful triangle that was broken as per the textbook to go and reach the 0.236 level.
In this area we could find a strong resistance from sellers looking for profit in the short term, and it could make the price retrace until it retests the breakout levels.
Important is to never buy on the run or just because you see green candles!
So it's better to wait for a good retracement and trade in Dollar Cost Average in different price zones to avoid block exposures.
The longer term Target remains always 5000 as indicated by the 0 level as indicated by CryptoFall.
Thanks for your attention.
BTC/USDT | Daily | Porabability for Head and ShouldersIn this daily view I am noticing a pattern which is known as head and shoulders which is one of the strongest trend reversal formations in trading.
Be careful bulls, since the head has 10% gain which means if we break under the support zone we will see a drop of the price of around 10% to the target zone marked in green(the zone below)
This is not a financial advice, please make your own analysis before you take any action.
EURUSD 30m Short Position at 1.18899SL: 1.18950 (-5.0) | 5 pip stop loss
SE: 1.18899 (-0.1) | 0.1 pip slippage
TP: 1.18800 (3:1) | 3:1 risk-to-reward
GBP/NZD sell watchlist This was another trade that i didn't take that was in my watch list and ended up in profit.
A trade I took earlier EUR/AUDI took this trade way earlier after the cross of the red support line and as you can see it is about to hit my target profit.
Tell a friend to tell a friend I want to see everyone eating right.
Feel free to like and follow, thanks.
The ichimoku is used to confirm trend direction but price action is always my best source.
Potential NZD/USD buy signal Here's another free signal for y'all
Entry point:0.66433
SL:0.65996
TP:0.67580
R/R:3/1
As you can see a bullish flag pattern has formed on the 4 hourly and has broken the support after the 3rd touch so we will be looking to go long.Also, the uptrend can be confirmed by the twist of the ichimoku kumo cloud which has twisted from bearish to bullish on the 4 hourly.
Taking this trade in my sleep and hoping to see profit when i wake up , wish me luck lol!
I'll keepy you updated when I wake
Feel free to like , comment , share and follow my page.
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.
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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)!
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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.
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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.
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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.
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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.
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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.
BTC DOWN TO MAKE CANDLES CLOSE ON A REAL PULLBACK TO TRIANGLE H4BITFINEX:BTCUSD
08/05/2018 . Head and shoulders breakout finds support at the right angle of the equidistant bullish triangle and 78.6 % Fibonacci of the latest uptrend which broke the triangle from 8810 to 9990 on Saturday 5th of May.
Target. still 10400 after measuring the height of triangle.
Show must go on, trade safe everybody !
