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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.
by Engindzhan
AMPL/USDT Double Bottom Formation, 2x Profit Probability!I've been following this chart for almost months, but since I'm not actively on the crypto exchange, I can't take advantage of these opportunities. Actually, I should have shared this chart months ago, but I forgot. It seems too late to buy now, but we may still have a chance. If we look at the other double bottom formations, it was realized with a slightly longer interval. Even if we look at the bottom, we see structures with double needles. Maybe the last double bottom I showed could be single of the double bottom formation. Therefore, we can see a decrease to 0.75-80 levels again. If it stays above 200EMA (Purple line) maybe it can go directly to 1.70 levels. Both possibilities are positive, but for those who can't buy it like me, it would be good for it to drop once again. If it were me, I would put my limit order at numbers like 0.80 and wait. Also, none of what I've said here is investment advice. Additionally, it has taken a very resilient stance towards BTC. Yes, it fell more than 50 per cent but that helped our technique work. As low as 0.50, buyers recovered this price and retreated to the main zone. I think this fake breakout shows us that there are still a lot of buyers and they are resistant to BTC dominance. So I would trade with stop-loss. As a sell order, 1.60-1.70 levels look very perfect. Of course, there is no such thing as it will come out, but he has tested it 3 times. In fact, this time (if it comes out) it can go above the 1.70 level and break the big resistance. Your every investment is your responsibility. I hope all your trades will be profitable. I wish you a good day! I trust the AMPL...
FTX:AMPLUSDLong
by burhJ
1
BTCUSDT is creating an important triangle 🦐BTCUSDT is creating an important triangle between the weekly structures. The structure is like a bearish pennant, but IF the price will have a breakout from weekly resistance, we can see a retest on 44k, otherwise, if the price will lose the weekly support, we can see a retest on the next weekly support, around 20k. The best way is to wait for the next move. Bearish pennant Bearish pennants are continuation patterns that mark a pause in the movement of a price halfway through a strong downtrend, offering you an opportunity to go short. They occur just after a sharp drop in price and resemble a triangular flag as the price moves sideways, making gradually lower highs and higher lows. The downtrend then continues with another similar-sized fall in price. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.ording to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
6
$SGLB entry PT 3.57 Target PTs 9-15-24-80 and higherSigma Labs, Inc., a software company, provides in-process quality assurance software to the additive manufacturing industry under the PrintRite3D brand. It also offers PrintRite3D Lite, which has a smaller footprint and is geared towards single-laser machines for research and development, or small production lots; PrintRite3D Pro, for single, dual and quad laser machines and for environments with less than 10 machines; PrintRite3D Enterprise for plant-wide networks; and PrintRite3D for Direct Energy Deposition is based on a laser process in which a laser beam generates a melt pool on a substrate. The company also provides PrintRite3D-enabled engineering consulting services. It serves aerospace, defense, oil and gas, bio-medical, and power generation industries. The company was formerly known as Framewaves Inc. and changed its name to Sigma Labs, Inc. in September 2010. Sigma Labs, Inc. was incorporated in 1985 and is headquartered in Santa Fe, New Mexico.
SLong
by UnknownUnicorn19246015
V-bottom formationAs you can see this looks a lot as V-bottom formation which usually break over the neckline, retests it and then pumps. In this case, since the V is cut at 3/4 from a resistance/support zone I think this will work as "neckline". To be sure my theory is right we just have to see if once price retests the zone, if it bounces back then resistance has became support and our target might be reached. The squeeze momentum indicator shows clearly that the V bottom is where most of the downward squeeze was released as it should be in these cases. Currently the upward momentum (confirmed by ADX+DI, not shown here) should be charging before exploding. Basically if we bounce off the resistance zone you can jump in.
Long
by Shotokhan
5
M - formation to be completed on EUR/NZD (daily chart)Hello guys and girls, her my expectation for the next movement in EUR/NZD. The grey path tool shows the spotted M formation, that in my opinion not fully completed jet. Entry confirmation: Price formed a potential double bottom right at the weekly uptrend line. Plus a long wick peaked under the daily resistance and came right back up. Please feel free to commend, if you got the same or an other opinion on this current situation in EUR/NZD. Greetings Jens
Long
by Jens_C
The Aussies: Mind the Wedges!I show what happened after two wedge formations. Note carefully wedges do not rule the market. The create probabilities not predictions. Wedges do fail. There is hardly ever a perfect wedge pattern. The most recent one doesn't look too great. Price can fall out of a wedge and rock back in as you will see. Therefore trendlines drawn have to be estimates. From experience only, recovery from the base of wedges - when the happen tend to get closer to the notional apex of the wedge or exceed them. As I said, there is no rule - because these formations do not rule the markets. Wedges often don't work. These descending wedges shown are in a bull market, hence the expectation is for price to recover. This market could be collapsing when looked at from a higher time frame. Therefore, I do not expect a good retracement up on the most recent wedge. But I'm always happy to be surprised. My strategy here, is to follow a 5 to 10 min trend up as far as it will go. That means, no targets. I am aware of much that has been written about wedges out there by many a guru. I do my own thing with these formations. I also know that wedges go by different names. Call it what you want - the important issue is the general shape. I am not a wedge expert. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200Long
by Captain_Walker
EURGBP - What Is a Pennant?What Is a Pennant? In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole. Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis. It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume. Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation. Understanding Pennants Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the breakout. Here's an example of what a pennant looks like:
Education
by Yuriy_Bishko
5
BTCUSD Sell J PatternHello Traders! After the 10 consecutive victories in BTCUSD in the month of October, we lost in my previous post. But we will again make a good winning streak with the same strategy. In my last idea, I posted an educational post about the J pattern. In which I gave the guide on what to do after the J pattern Formation. I have attached that education Chart Below. Click the chart to view. If we see J pattern(1) you can see it bounced back from the support area which was previously strong resistance. It is Formation 2: Bounce Back. This is the rare scenario of J pattern that I was talking about in which it bounces back from the support. It is also a rare case where we see J pattern After the J pattern. In J Pattern(2) W1 chart we can see consecutive bullish candles, it is showing that it will give a hard drop as it happened in Gold and it will break the support without any stop. Support is lying at 10,000$ But There is a chance that it can change into a Head and Shoulder Pattern. In Both cases it's a sell. When to sell when J pattern is Forming? You can Sell at the First bearish candle or wait for MACD cross or Moving Average cross in D1/D2 chart. First Target For this trade is the 10,000$ support area. Good Luck Traders. Share your thoughts and ideas below. If you have any questions you can ask in the comment section. All three J shape Formations
BITSTAMP:BTCUSDShort
by Aadil1000x
5