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Harmonic Patterns

Altcoin Market looks very interestingIf we confirm the fractal , we might a huge increase of the market cap in the coming years. The date range has been increased 1,7 times beetween the first and second bearish cycles. Therefore,if we increase 1,7 times the last first bullish cycle we will get 1242 days for the next second bullish cycle. It means that if we start the next bullish cycle in the next weeks , we would expect to end it in december 2023. Also a bullish cross on the monthly MACD is coming... Finally if we draw a rainbow price chart, the altcoinns market cap could reach maybe 25-30 trillions in decemember of 2023. That would be crazy :P Disclaimer: This is not an investment advice
CRYPTOCAP:TOTAL2Education
by Jose-Coin
Briefly about Accumulation and Distribution👩🏻‍🎓Guys, as promised, I'll tell you about accumulation and distribution 💪🏻💪🏻💪🏻 Come on🚀🚀🚀 ⚡ Prices always go from balance to balance and no other way! ⚡ Wyckoff said that the price always following one of the 4️⃣ phase s: 💥the consolidation zone (flat), where the big player is gaining volume, is called accumulation ; 💥if after exiting the flat, demand is higher than supply, then the price rises and an up-trend development is observed in the market; 💥the area of ​​consolidation (flat), where large players exit the position, is called distribution ; 💥if after the release the supply prevails over demand, then a down-trend is formed. If you look at these 4 phases of the market, the key problem of forecasting further price behavior will lie in the first of them, in accumulation, when it may not be entirely clear where the price will go after. Below, based on the Wyckoff and VSA method, I'll show how to correctly assess the situation and take a position in the right direction. 🔋🔋🔋 Accumulation 🔋🔋🔋 🏹Phase A - Market Stop. 🏹Phase B - Supply and demand balance. 🏹Phase C - False Breakdown. 🏹Phase D - Search for entry points. 🏹Phase E - Beginning of a new trend. In the ❗ distribution ❗ phases, everything is similar to the accumulation phase, only upside down. Important 💣💣: don't go into shorts in the accumulation zone in the distribution area don't go into long Guys, if you liked my post, put me 👍🏻 and write a comment✍🏻 Don't forget to subscribe, if you aren't already😆 And of course, stay with me, dear💓💓💓 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
41
🤡 Who would you like to see in your fin.the advisors?🤡 Who would you like to see in your fin.the advisors? The analyst or the trader-practice?⠀ ⠀ 🤔 In the last article, we told you about how important it is to have my personal opinion, trading on the exchange. And also showed how this can affect your account. And in this publication, we will give an example of someone who is more profitable for you to listen to, in monetary terms, for your pocket (this is important to cut, because it can also be profitable for emotional pleasure). Let's start with our hero of the publication. ⠀ ⠀ Bill Ackman is an American financier and entrepreneur, founder and CEO of the Pershing Square Capital Management hedge Fund. Ackman is characterized as a person who has a very peculiar attitude to the choice of personnel. He employed a fishing instructor, a former tennis player, and a taxi driver. Interesting choice, isn't it? But all sorts of things happen, and most likely he did not take them to the position of asset management. Now think about yourself. Who do you hire or read most often? 95% of analysts write about what has already happened. They find and describe the reasons for the past movement, and most do not even have their own lengthy trading track that they can confirm. You can hear a lot of reasons why they don't. And when you ask them to prove their competence (for example to ask in advance to pay 5-6 trading ideas), you get the same reason.⠀ ⠀ ⁉ app Question - maybe we should be more careful who you hire? What is your opinion? ⠀ ⠀ By the way, bill Ackman is also known for his attacks on Herbalife, which he called a "network pyramid". The market Commission conducted an investigation after Herbalife shares fell by 20% in one trading day, the firm's management pointed out that this was preceded by an interview with Ackman, in which he mentioned the company as the most effective pyramid of the XX century You can find the quotation chart in the article.
NYSE:HLFEducation
by ivan_gold_star_
The reason why trading IS gambling (Why it's important)Hello everybody and welcome, First of all, thank you for the interest you show. The goal of this content, is to empower you with the tools you need to shift your psychology and level up your trading. ---------------------------------------------------------------------------------------------------------------------------------------------- Before we start, let me just say that I do not have any product to sell. My content is free and my only goal is to provide valuable information to help traders being more successful and consistent when trading. ------------------------------------------------------------------------------------------------------------------------------------------------ Some explanation regarding the introduction above : What I want to emphasize through that example, is that often times, when trading, you will face losing streaks . It is inevitable and we can also assume that it is recurrent . It is important to note what happens in the mind of a trader : doubt . Why ? Because of not accepting the fact that trading is gambling. I know ... It might be hard to "accept" because people often times think that trading is all about skills, but it is not. Let me explain : When you trade, whether you are long or short, you rely on nothing else than other people to make profits. The problem is, you do not know if these people have the same convictions and beliefs as you do regarding what the market is going to do in the future. So there's randomness involved in trading because every moment is unique, i.e. it involves different people. But, if you have an edge, meaning a "strategy" that puts the odds in your favor (whatever it might be, trading pullbacks, momentum trading, morning panics, gap strategies, etc...) : YOU ARE THE HOUSE . You win over a LONG period of time no matter the outcome on a trade-to-trade basis. Now, considering what we just said, should we care about what is going to happens to the trade I highlighted above ? Absolutely not. Why ? Because we have accepted the fact that the distribution between wins and losses is RANDOM in the market . Therefore, whatever the outcome is, we know, that we will be profitable in the long run. Why does that actually matter ? Well, it matters, because as I stated above, traders doubt when they encounter a losing streak. They question their edges, their skills, they start questioning their rules and strategies. What is likely to happen ? They blow their account. Fear, the biggest enemy in trading Apart from doubt, the trader that just has gone through 4,5,6,7 or more losses in a row, is afraid. He is afraid to put on that next trade, even though that trade could be a homerun and wipe all his losses. Fear paralyzes us, it reduces our focus and narrows our attention to what we fear the most. You probably recall the time when you put on a trade and you kept bagholding a loser, you were paralyzed, you just couldn't sell. There's a funny thing that happens everytime when you hold on to a loser, whenever you decide to sell, the market bounces back. This is because you are not alone on that boat and human psychology is universal. Once you have accepted that, you will be able to focus 100% on your actual trading errors, which are related to your knowledge and your skills. You will never doubt or have a moment of indecision if your edge appear on the chart. You will take the trade and don't care at all what happens next, because you know that trying to figure out if it's going to work or not has no sense. Thank you for taking the time to read me. I really appreciate that. Make sure you comment below if you have questions or just wanna add something. Thanks a lot, MyTradingJournal
BITSTAMP:BTCUSDEducation
by UnknownUnicorn6734025
4
XAUUSD - M Dears, I know most of the traders think about this chart it is a new chart, but as you can see with the attached chart you can see the old one it was 21 July 2019. and we have mentioned the gold from that date it is bullish, and it will not be bearish till touching the resistant, and that time we want to get the confirmation of the bearish with price action. Note: we believe the coronaviruses will start to begin to weaken, and all the markets, economies, and life will working and life gradually returns to normal. take care and be in save.
FX:XAUUSDEducation
by iSaleh
1
EDUCATION + WORK Harmonious pattern ABCD + "Three movements" BATI wrote a series of articles on harmonious patterns. On the coin, which I trade from time to time for about two years, a harmonious ABCD pattern is now formed. I decided to publish the information here on the site. I combined a teaching idea with a trading one. Immediately I showed the options for working on a coin, so as not to spam trading ideas and spend time on it. Below I will describe in detail. First, on working on the tool, and then below I will give a little training material. I’ll cut the text as much as possible, as I understand that people don’t want to read a lot of text, for some people this is an overwhelming task)))). On the chart itself, I showed potential movements depending on the retention / breakout of local support / resistance levels. ______________________________ 1 work option. The price has almost reached point D, which could become a potential pivot point in this local movement. ABCD is nothing more than part of the movement in the channel. Channel width 100%. Therefore, in case of confirmation of point D and a price reversal, the potential first profit is + 100%. If this happens, then the ABCD pattern is reorganized into a harmonious pattern of "Three movements." I have shown the areas of potential reversal and observation on this chart. 2 option work. A variant of work if the ABCD pattern is not confirmed and point D does not become a price reversal zone. The formation of a triple bottom. Pivoting bullish shape. The downward stopping zone I showed on the chart. I doubt that it will be pierced, how this will ruin the canvas for the work of the "artist" in the future. To an important zone of resistance and confirmation of this figure + 100% Full working out of the figure triple bottom + 300%. Option 3 (unlikely) If the price breaks through the support zone (green area) and is fixed in a downward movement below it. Then you should forget about trading this cryptocurrency and "turn gray on the fence" until a good entry point appears. But even in such a situation, when they will do a "trick", you can partially take the movement + 40%. Note that in any movement options with the correct entry points (reversal zones), the risk is minimal, the profit is maximum, both locally in movements, and is possible when the trend develops and in the global one. ____________________________________ The previous trading idea for this coin in this pair, which gave + 40%. Actually now, as in the global price forms a symmetrical triangle , this downward movement is nothing more than a pullback after breaking the triangle up. The result after a while + 40%. The same coin is only a trade for bitcoin . BAT / BTC Fractal 2019. History repeats itself. Potential + 180% And the result is + 40% and now rollback. Notice, everything goes according to the fractal plan. ___________________________________________________________________________ LEARNING MATERIAL on the theme of harmonious patterns ABCD and "Three movements". 1) ABCD pattern . This is the simplest version of a harmonious pattern. Nevertheless, the figure is an important brick on the way to understanding the principles of constructing harmonic figures and, moreover, is part of most of them. ABCD is a reversal pattern foreshadowing a change in market trends. That is, the figure helps to predict when the price ends the growth and prepares to fall, or vice versa, completes the fall and prepares for growth. A key feature of the pattern is the symmetry of the AB and CD knees. The figure begins with a rise or fall in price on the segment AB. The BC segment is usually a sharp correction, the size of which should fit in 38.2% - 88.6% of AB. Ideally, the size of the correction should be from 61.8% to 78.6%. At point C, the price reverses and continues to move parallel to segment AB. In this case, point D should be in the range of 113% - 261.8% of the knee BC . The main rule is to observe the symmetry of the pattern. Ideally, the length of the elbow CD should be fully consistent with the length AB. That is, it means matching both in time and in price. Rules for trading a pattern: 1) The length AB should correspond to the length of the CD. 2) The time it took for the price to go from point A to B should be similar to the time from C to D. This harmonious ABCD pattern has two varieties: 1) Bearish pattern . 2) Bullish pattern . Bearish ABCD pattern gives a sell signal. Bullish pattern ABCD gives a buy signal. TNT / USD 1 day. Harmonious bearish pattern ABCD . ETH / USD 1 day. Harmonious bullish ABCD pattern. In real trading on the market, there are a variety of variations of this pattern. But, it’s a good rule to observe the corresponding sizes of AB and CD corrections, since it is much more difficult to trade an asymmetric pattern. Asymmetric, incomprehensible patterns are better to skip. If I trade such formations, then without a Fibonacci grid, I do not need it. I already see what she has to show. In most cases, this is a working analysis tool and at the beginning of your analysis you should use a Fibonacci grid. In trading these formations, I use strong support / resistance levels, the symmetry of this formation and healthy logic in the calculations. Tradingview has a template for this harmonious ABCD pattern and the "three movements" pattern. This simplifies the work and makes it possible to quickly search for this formation on the chart. ______________________________________ 2) Model of the pattern "Three movements". The Three Movement model is a fairly well-known pattern. Its analogues can be found in wave analysis (diagonal triangle) and the book of Linda Raschke (three Indians). It is very reminiscent of ABCD , as if a continuation of this formation. This is a price movement in an upward or downward channel . In the framework of harmonious trading, we consider this model taking into account the Fibonacci ratios. In the classic version of the "Three Movements" pattern, it is provided that movements 2 and 3 complete on projections 1.27 or 1.618. Correction of movements 1 and 2 - at the levels of 0.618 or 0.786. In the real market, models with ideal proportions are quite rare. Therefore, if you want to really earn money, get used to the fact that book "idealized" patterns in the real market are very rare. You need to be able to trade what is, and not what you want. This model has a greater predictive property if it is in the expected end of the trend. Typically, the formation of the “Three Movements” is a signal that the market already does not have enough strength to continue the trend and perhaps the beginning of at least a correction. This harmonious Three Movement pattern has two varieties: 1) Bearish pattern . 2) Bullish pattern . LTC / USD 1 day. Harmonious bearish pattern "Three movements" ( ascending channel ). In the example, we see that the upward trend price has broken, which triggered a trend reversal. ETH / USD 1 day. Harmonious bullish pattern "Three movements" ( downward channel ). As we see, the next correction wave reached the resistance line of the downward channel . The target is taken. Learn to “predict” a more likely future. Always have different options for your work in a given situation. Work according to the basic plan, based on the situation that is being implemented. In order to trade in a market in which the deposits of most traders are destroyed, you must have vast experience, and be a whole head taller for the rest.
Education
by SpartaBTC
2
EDUCATION + WORK Harmonious pattern ABCD + "Three movements" BATI wrote a series of articles on harmonious patterns. On the coin, which I trade from time to time for about two years, a harmonious ABCD pattern is now formed. I decided to publish the information here on the site. I combined a teaching idea with a trading one. Immediately I showed the options for working on a coin, so as not to spam trading ideas and spend time on it. Below I will describe in detail. First, on working on the tool, and then below I will give a little training material. I’ll cut the text as much as possible, as I understand that people don’t want to read a lot of text, for some people this is an overwhelming task)))). On the chart itself, I showed potential movements depending on the retention / breakout of local support / resistance levels. ______________________________ 1 work option. The price has almost reached point D, which could become a potential pivot point in this local movement. ABCD is nothing more than part of the movement in the channel. Channel width 100%. Therefore, in case of confirmation of point D and a price reversal, the potential first profit is + 100%. If this happens, then the ABCD pattern is reorganized into a harmonious pattern of "Three movements." I have shown the areas of potential reversal and observation on this chart. 2 option work. A variant of work if the ABCD pattern is not confirmed and point D does not become a price reversal zone. The formation of a triple bottom. Pivoting bullish shape. The downward stopping zone I showed on the chart. I doubt that it will be pierced, how this will ruin the canvas for the work of the "artist" in the future. To an important zone of resistance and confirmation of this figure + 100% Full working out of the figure triple bottom + 300%. Option 3 (unlikely) If the price breaks through the support zone (green area) and is fixed in a downward movement below it. Then you should forget about trading this cryptocurrency and "turn gray on the fence" until a good entry point appears. But even in such a situation, when they will do a "trick", you can partially take the movement + 40%. Note that in any movement options with the correct entry points (reversal zones), the risk is minimal, the profit is maximum, both locally in movements, and is possible when the trend develops and in the global one. ____________________________________ The previous trading idea for this coin in this pair, which gave + 40%. Actually now, as in the global price forms a symmetrical triangle , this downward movement is nothing more than a pullback after breaking the triangle up. The result after a while + 40%. The same coin is only a trade for bitcoin. BAT / BTC Fractal 2019. History repeats itself. Potential + 180% And the result is + 40% and now rollback. Notice, everything goes according to the fractal plan. ___________________________________________________________________________ LEARNING MATERIAL on the theme of harmonious patterns ABCD and "Three movements". 1) ABCD pattern. This is the simplest version of a harmonious pattern. Nevertheless, the figure is an important brick on the way to understanding the principles of constructing harmonic figures and, moreover, is part of most of them. ABCD is a reversal pattern foreshadowing a change in market trends. That is, the figure helps to predict when the price ends the growth and prepares to fall, or vice versa, completes the fall and prepares for growth. A key feature of the pattern is the symmetry of the AB and CD knees. The figure begins with a rise or fall in price on the segment AB. The BC segment is usually a sharp correction, the size of which should fit in 38.2% - 88.6% of AB. Ideally, the size of the correction should be from 61.8% to 78.6%. At point C, the price reverses and continues to move parallel to segment AB. In this case, point D should be in the range of 113% - 261.8% of the knee BC. The main rule is to observe the symmetry of the pattern. Ideally, the length of the elbow CD should be fully consistent with the length AB. That is, it means matching both in time and in price. Rules for trading a pattern: 1) The length AB should correspond to the length of the CD. 2) The time it took for the price to go from point A to B should be similar to the time from C to D. This harmonious ABCD pattern has two varieties: 1) Bearish pattern. 2) Bullish pattern. Bearish ABCD pattern gives a sell signal. Bullish pattern ABCD gives a buy signal. TNT / USD 1 day. Harmonious bearish pattern ABCD. ETH / USD 1 day. Harmonious bullish ABCD pattern. In real trading on the market, there are a variety of variations of this pattern. But, it’s a good rule to observe the corresponding sizes of AB and CD corrections, since it is much more difficult to trade an asymmetric pattern. Asymmetric, incomprehensible patterns are better to skip. If I trade such formations, then without a Fibonacci grid, I do not need it. I already see what she has to show. In most cases, this is a working analysis tool and at the beginning of your analysis you should use a Fibonacci grid. In trading these formations, I use strong support / resistance levels, the symmetry of this formation and healthy logic in the calculations. Tradingview has a template for this harmonious ABCD pattern and the "three movements" pattern. This simplifies the work and makes it possible to quickly search for this formation on the chart. ______________________________________ 2) Model of the pattern "Three movements". The Three Movement model is a fairly well-known pattern. Its analogues can be found in wave analysis (diagonal triangle) and the book of Linda Raschke (three Indians). It is very reminiscent of ABCD, as if a continuation of this formation. This is a price movement in an upward or downward channel. In the framework of harmonious trading, we consider this model taking into account the Fibonacci ratios. In the classic version of the "Three Movements" pattern, it is provided that movements 2 and 3 complete on projections 1.27 or 1.618. Correction of movements 1 and 2 - at the levels of 0.618 or 0.786. In the real market, models with ideal proportions are quite rare. Therefore, if you want to really earn money, get used to the fact that book "idealized" patterns in the real market are very rare. You need to be able to trade what is, and not what you want. This model has a greater predictive property if it is in the expected end of the trend. Typically, the formation of the “Three Movements” is a signal that the market already does not have enough strength to continue the trend and perhaps the beginning of at least a correction. This harmonious Three Movement pattern has two varieties: 1) Bearish pattern. 2) Bullish pattern. LTC / USD 1 day. Harmonious bearish pattern "Three movements" (ascending channel). In the example, we see that the upward trend price has broken, which triggered a trend reversal. ETH / USD 1 day. Harmonious bullish pattern "Three movements" (downward channel). As we see, the next correction wave reached the resistance line of the downward channel. The target is taken. Learn to “predict” a more likely future. Always have different options for your work in a given situation. Work according to the basic plan, based on the situation that is being implemented. In order to trade in a market in which the deposits of most traders are destroyed, you must have vast experience, and be a whole head taller for the rest.
Education
by SpartaBTC
3