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Harami

NASDAQ – A good, technical trend.After NDAQ triggered this Head & Shoulders, the target of this pattern is the 116.19 (green line). Now, we see a pullback, and today the price met the 21 ema and formed a harami / hammer. It is very good, and if triggered could be a very good, quick trade, with a clear stop and nice risk/gain relationship. I wish it would sink a little lower, to 100 point region (blue line), because it served as support and resistance alike in the past (green squares). But we should work with we got. The low volume of today’s candle is a little disturbing, so, keep your eyes open. The hourly chart gives us more clues about what’s next. There are two supports here, the red line and the blue line (which is the same from the daily chart). If it goes down that region, the pullback will continue a little further. 1H chart: We can also see a double bottom here (Eve & Eve double bottom), that could take the price easily to 111. The setup here is simple: If the price breakout the 106, and the candle closes above, it is a long trade. This pattern has 66% chances of a pullback rate, so prepare yourself. If it helped you, support the idea and follow me for more analysis. Thank you. Good trades.
NASDAQ:NDAQLong
by Nathan_The_Finance_Hydra
BTC and the bulls – Road to U$ 9.2k?So BTC gave us an obvious trade recently, and now is doing what was expected to do, as I said in my last analysis. I warned about how strained the chart was in 60 minutes timeframe, and we should expect some correction. Now the price is “resting” a little, letting the 21 ema get closer and closer. After the harami pattern (could be a harami-cross too, if you like), BTC triggered a nice long operation, with a very comfortable risk/gain relationship. I wouldn’t buy now, if I was out, but it’s not time to go short either. It’s a bullish trend, and BTC lacks any bearish pattern here. It’s time to manage your position, or even take your profit, if you like faster trades. We have 3 supports here: The U$ 7306 (previous top, blue line); The 21 ema; and the upward trendline (purple). Maybe the U$ 8426 could serve as a resistance (black line), because it did support the prices in the past (green rectangles), but I’m still not sure. The U$ 9.2k seems to be a more realistic target for BTC right now. Hope it helps, thank you!
BITSTAMP:BTCUSDLong
by Nathan_The_Finance_Hydra
ETH - plan the trade, trade the plan.Ethereum is going well, no surprises here. This was a classical long trade (a very good one, in my opinion), because we saw a harami near 21 ema and near trendline, all together in a bullish trend (daily) with a nice risk/gain relationship. Check my previous analysis if you missed it. Now I’m going to quote myself in my last BTC analysis: “A bullish harami is a bullish reversal signal, and works almost randomly in normal circumstances, 53% of the time, accordingly to Bulkowski studies. But if a harami appears just near the 21 ema, and near a trendline, the odds increase, and the reversal is more likely.” Now it would be perfect if the price close above U$ 191.22. But we can expect some correction too, it would be nice for those who missed this opportunity. In any case, we should be aware of U$ 213.58, it’s an important challenge to ETH right now, as it is a fib retracement and was a support in the past (pink rectangle). The perfect target here is U$ 253, but I believe that’s going to take a while. Be patient and be safe.
COINBASE:ETHUSDLong
by Nathan_The_Finance_Hydra
4
BTC - And the trend continues.Greetings traders! So, continuing from my last analysis, bitcoin did what was supposed to do. If you like faster trades, that harami just above the purple trendline already gave you a good profit today, that was an easy trade with a nice risk/gain relationship. Feel free to check my previous analysis, if you missed it. A bullish harami is a bullish reversal signal, and works almost randomly in normal circumstances, 53% of the time, accordingly to Bulkowski studies. But if a harami appears just near the 21 ema, and near a trendline, the odds increase, and the reversal is more likely. I still believe BTC can go up, but it would be nice if today’s candle close above U$ 7306. Although, it wouldn’t surprise me if we see a correction, because the hourly chart is too strained, and we are near the 21 ema in the weekly chart. The optimal target here is U$ 9.2k (light blue line), but that’s going to take a while, and the swing trader should be patient. If you are out, now it’s not time to buy, but it’s not time to go short either (after all it is a bullish trend). Just be patient and wait for some correction. That’s my opinion, I hope it helped.
BITSTAMP:BTCUSDLong
by Nathan_The_Finance_Hydra
ETHUSD - The bulls finally arrived?In my last ETHUSD analysis I emphasized the importance of a closure above the U$ 176 to resume its bullish trend . Now, with a breakout of yesterday’s high (a harami cross) we see the bulls gaining strength. The candles are above the 21 ema , also above the upward trendline (purple line), and if closes above U$ 176 will confirm the long setup. The main target here is U$ 253, but we should be aware of U$ 213 region, because it is a fib retracement and served as a bottom in the past (pink rectangle ).
COINBASE:ETHUSDLong
by Nathan_The_Finance_Hydra
2
BTC - A good bullish sign.In my last BTC analysis, I warned about the Head and Shoulders , and if triggered, could sink the prices all the way back to U$ 3850. Fortunately, the ghost of this bear pattern is disappearing (almost completely), and the bulls are showing strength. Now we see that the price respected the upward trendline (purple), and a harami cross pattern appeared in the chart (yesterday). Today occurred the breakout of yesterday’s high, confirming a long setup. Let’s hope the price will maintain at high levels, because if they drop below yesterday’s low or under the purple line, and close at that level, it will put the trade in danger. If the price close above the harami, probably the BTC will breakout the U$ 7306 (first challenge) and will seek the U$ 9.2k again (previous top/target). The U$ 9.2k is the most important region here, it served as support and resistance in the past (rectangles) and is a good technical target to aim.
BITSTAMP:BTCUSDLong
by Nathan_The_Finance_Hydra
ETHUSD - The bulls finally arrived?In my last ETHUSD analysis I emphasized the importance of a closure above the U$ 176 to resume its bullish trend. Now, with a breakout of yesterday’s high (a harami cross) we see the bulls gaining strength. The candles are above the 21 ema, also above the upward trendline (purple line), and if closes above U$ 176 will confirm the long setup. The main target here is U$ 253, but we should be aware of U$ 213 region, because it is a fib retracement and served as a bottom in the past (pink rectangle).
COINBASE:ETHUSDLong
by Nathan_The_Finance_Hydra
BTCUSD - Classic long setupIn my last BTC analysis, I warned about the Head and Shoulders, and if triggered, could sink the prices all the way back to U$ 3850. Fortunately, the ghost of this bear pattern is disappearing (almost completely), and the bulls are showing strength. Now we see that the price respected the upward tendency line (purple), and a harami cross pattern appeared in the chart (yesterday). Today occurred the breakout of yesterday’s high, confirming a long setup. Let’s hope the price will maintain at high levels, because if they drop below yesterday’s low or under the purple line, and close at that level, it will put the trade in danger. If the price close above the harami, probably the BTC will breakout the U$ 7306 (first challenge) and will seek the U$ 9.2k again (previous top/target). The U$ 9.2k is the most important region here, it served as support and resistance in the past (rectangles) and is a good technical target to aim.
BITSTAMP:BTCUSDLong
by Nathan_The_Finance_Hydra
LTCUSD - The bulls showed up?LTCUSD totally denied the flag pattern it was doing at 60m chart, and breakout the high of yesterday’s candle (a Harami pattern, in the 21 ema region). I hope the bulls are showing up right now, and if so, LTC will probably have the strength to breakout the U$ 44.51, and most important of all, the U$ 47.76, which is a fib. retracement and previous top. It shouldn’t close under the red lines region, it will weaken the whole operation. The first challenge here is to close above the Harami’s high. The second is to breakout the U$ 44.51. And last, the strongest resistance at the moment, LTC must surpass the U$ 47.76. We can use the green lines as a target region. It meets one of the previous tops (thick green line), and is a fib. retracement.
COINBASE:LTCUSDLong
by Nathan_The_Finance_Hydra
1
Some possible outcomesHere are two possible paths Bitcoin could take. On the monthly chart we see a bearish Harami, usually forming at the end of an uptrend, indicating a possible reversal. However, the smaller the second candle the likelier the reversal. We have crossed the middle line and are retesting it on the 1D time-frame and are retesting it. A consolidation here would make sense too, between both the green lines which represent the monthly resistance and support zones. All the best! - heish
COINBASE:BTCUSD
by MeruEU
4