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Higherlow

Trade Using Exponential Moving Average and Trend LineHigher Lows Are Represented By Diagonal Trend Line Lower Highs Are Represented By Diagonal Trend Line After Price Closes Above Diagonal Resistance Line (Lower Highs), Enter A Long Position. Enter using the closing price of breakout candle. Enter a second long position when price forms a rejection candlestick wick in the EMA 10 EMA 20 Area. Enter using the closing price of rejection candlestick. H2, H3, H4 Chart. EMA 10 is above EMA 20 in these chart timeframes. EMA 10 Above EMA 20 on multiple timeframes is a good indicator that the market is bullish.
ZEducation
by TradeLive-
1
weekly BTC chart insight, a possible scenario to consider I placed a wager that Bitcoin will not hit $70,000 before November ends, before placing the wager cos I haven't done so before, I had to look at my chart and understand what the price action looks like cos I am a pure price action trader. Considering the build up so far, a person can identify that we have seen quite a retest from 8th of March through 10th of May, before a sell off to the Key Support we have now, from this level we started identifying a HH and HL, if we can get another SUPPORT at $51917 then we have a new HH and HL, otherwise if we see a sell of below that price then it has invalidate the idea of a Bullish Move. However, I am looking at several scenario from looking at the chart, There is the possibility of a DOUBLE TOP forming if we see a BEARISH ENGULFING closing at the end of the week. Looking at the indicator session, we will see where price has alternated from oversold to overbought area touching respectively 0% and 100%, also, both the price action on the chart with TREND-LINE acting as RESISTANCE and on the indicator with the TREND-LINE acting as a RESISTANCE indicates that we are looking at the possibility of seeing a sell off. The key take away here is that if the current weekly candle closes as BEARISH we could a sell off.
BITSTAMP:BTCUSD
by MII1502
3
My Strategy Works On All Markets and All Time FramesPrice closed above EMA 20, EMA 10, Horizontal Support Resistance, and Trend Line. A pin bar formed on the retest and the pin bar candlestick wick protruded through the support levels. The support levels are EMA 20, EMA 10, Horizontal Support Resistance, and Trend Line. In this example, there are three higher lows moving into a diagonal resistance level and a horizontal resistance level. Price broke through those two levels and retested those levels with a pin bar. After the break and close above the horizontal and diagonal level; those levels became support. Entry is the closing price of the pin bar. Target price is the previous swing high.
DEducation
by TradeLive-
1
Master's way to use Fibonacci ToolHello traders and dear followers! I have not posted any idea since the start of this month but today I am back with a powerful strategy that will help your trading easy and the strategy is also very easy to apply. It works exactly as you have ever imagined/wished that God should give you. 1. A strategy that can predict the Target perfectly. 2. At the same time strategy should predict the next drop. 3. Plus strategy should also guide you through every up and down before reaching your target. LOL We will only use the Fibonacci retracement tool and you can select Fibonacci tool from the Tool column on your left and it's inside the third option. To make it your favorite toll hit the star button. In this strategy, you just have to find a chain of bullish candles. A chain should be of at least 3 or more continuous bullish candles and after that look for the first bearish candle and that's the first step. Now look at the chart it's W1 btcusdt candlestick chart. If we see from 14-dec-2020 there is a set of 4 continuous bullish candles. Start the Fibonacci toll from the bottom of the bullish candle and put '0.618' Fibonacci level at the point where the first bearish candle is closed. Now Fibonacci '0' level is your target. We can see BTC hit the Target and then drop. It's simple as that. Let's move to the second example The second example is the ethusdt D1 chart. In this chart, there are 2 examples. The first one has 4 continuous bullish candles and the second one has a set of 5 continuous bullish candles. I started the Fibonacci Retracement tool from the start of bullish candles then set my Fibonacci '0.618' level at the point where the first bearish candle is closed and '0' is the Target. We can see ETH has already achieved both targets. In the first case of ETH it dropped after completing the target and the current one is still live means it is ready to drop soon. You can use this tool in any timeframe. At the beginning I gave 3 points and above you saw it complete target which was my first point and all dropped well after completing the target which was my second point and for the third point set these Fibonacci pairs the same way in any pair in 4hr or above timeframe than after that change the timeframe to 15/30/1hr timeframe and you will be amze to see how perfectly Fibonacci levels are respected. If you want more just hit the like button and follow to stay connected.
Education
by Aadil1000x
14
Market Structure Simplified It is easy to get confused with overflowing information about market structure in the trading world. To simplify things we have come up with a way of analysing market structure simply by marking each high or low. In this particular example, you can see that higher lows were being created all the way down the bearish trend, so we knew that it was a seller's market UNTIL we got our break of structure . When the BOS became apparent, we began to shift our attention to the possibility of reversals and used our magic tool, the Fibonacci. This technique can be used in any trend, try it for yourselves! Please, support this post with a like and comment!
Editors' picks
Education
by AlkalineFX
84
AMC: Falling Wedge: A New Higher Low:We saw a symmetrical triangle as one of the possibility it will form. I did notify about a bearish divergence. As I expected it retrace back around $41 today. In the last 1.5 hours I was giving a glimpse of dipping red price. Is this the first sign of a falling wedge? What I expect this week? I expect a volatile week trapping both bulls and bears. What I want to see is the price goes back to $42 trapping the bulls and then smacking down. This will confirm a falling wedge. If not it will go much higher. So if a falling wedge is to be form this and next week in the 30 min chart. I expect the new higher low to be $38 trapping the bears. Beyond that I am bullish. Anything below $37 will break this pattern.
NYSE:AMC
by gojira91
2
Back above the 1 day 50ma & the mid channel trendline!We have just followed up a 1 day chart higher low with a higher high which is also a good recipe for a bullish trend reversal. Need to see a follow up additional higher low from here now to really set it in stone but it’s very possible we go all the way up to test the 1 day 200ma (in blue) before that correction down to the next higher low. The target for finally breaking above the mid channel trendline (in yellow) is the top of the channel to test the descending channel’s green top trendline. Wouldn’t surprise me if we retesting the 1 day 200ma at the same point we test the top trendline of the channel around 44k then get rejected back down for a higher low (maybe to retest the middle channel yellow trendline one last time as solidified support before finally breaking out of the entire channel). Of course there’s no guarantee of that retest it could just decide to go parabolic and blast past the channel’s top trendline upon the first retest. However odds favor an initial rejection if that trendline is double reinforced resistance with the 1 day 200ma (in blue) overlapping it. Always a chance we could see a slight correction on the way up to that top trendline first though and achieve the follow up higher low before even testing it, in which case we could correct as low as the mid channel yellow trendline imo. All in all, having this turn around occur right after amazon finally admits it’s exploring crypto for payments which we all knew they were going to eventually do, is enough of a bullish excuse to send it flying so the correction could very easily be over. I’m leaning bullish in the slightly more macro short term.Stillw ant to see that follow up higher low first though.
COINBASE:BTCUSDLong
by DrDovetail
SYK breaking out once again with higher volume!* Exceptional earnings year over year * Very strong up trend * Breaking out of a 4 month consolidation period with 63.09% more volume than average * Pays out dividends with a Payout ratio of 44.50% which means that the company has a lot of room to grow further and possibly increase dividends as well! * Probable ROI is 12.98% if the trade goes in our favor Trade Idea: * This is a great time to get in as it's breaking out for the second time after using the $268 area as support that made a higher low!
NYSE:SYKLong
by HaseebKhan_90