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Mastercandle

Bitcoin Analysis 🕯(Master Candle)🕯👋Hi, I hope you have a great weekend. 📚It is better to know that candles are considered as passports for charts. Candles alone or together ( candlestick patterns ) can convey concepts to us that help us identify price trends, and these patterns are in higher time frames , more volume and closer to standard patterns , the more valid they will be. 📉Today, I want to analyze the Bitcoin daily candles for the last week , which, along with the previous analysis, may help us identify the Bitcoin trend . 🕯If you look closely at the candle from five days ago in the daily time frame , you will see a candle with a red body , long and high volume , which contains five candles so far. The name of this candle is Master Candle . 📚 What is Master Candle ❗️❓ 🔸 There are different ways of looking at this trading strategy, but in its simplest form, a Master Candle is a candle which contains the highs and lows of at least the next four candles after it. It can be applied to forex, gold, oil , crypto, stocks, and indices. 🔸 When a Master Candle forms, a trade is taken if the High/Low breaks , taken of course in the direction of the break. 💡Also, candles number 2 , 3, and 4 together and on the 🔴 Resistance zone($43,560-$42,780) 🔴 form the Evening ​​Star Candlestick Pattern , which is one of the bearish reversal patterns . 💡Another point that may give us more insight into the value of this Master Candle is that this Master Candle is the longest and most voluminous daily Bitcoin candle since Bitcoin started its rally at $25,000 , and the other point is that this Master Candle has appeared at the top of the ascending channel and near the 🔴 Resistance zone($51,500_$45,340) 🔴 and the Regular Divergence(RD-) between two consecutive peak s can be seen.👇 💡Finally, before making a better conclusion, let's take a look at the weekly candlestick . The weekly candlestick has also formed a Hanging Man Candlestick Pattern near the 🔴 Resistance zone($51,500_$45,340) 🔴 and above the ascending channel . Hanging Man Candlestick Pattern is a bearish reversal pattern .👇 🔔As a result, I expect Bitcoin to decline and at least fill the 🔵 CME Gap($40,325-$39,290) 🔵 before falling to the 🟢 Support zone($39,000-$37,000) 🟢, given the Master Candle's red body and other analyses I shared with you earlier. ❗️⚠️Note⚠️❗️: If Bitcoin can break the High($43,810) Master Candle upwards, we can expect Bitcoin to rise to the 🔴 Resistance zone($51,500_$45,340) 🔴. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
38
Bitcoin Analyze (Master Candle in 1-hour time frame)!!!📚 What is the Master Candle❗️❓📚 First of all, I am going to describe what is a Master Candle. Basically, these are the candle with big bodies and wicks (the sticks over and under the body of the candle) marking a new high or a new low and whose extension or range covers the following 4 or more candles. Usually, if we observe the formation of a master candle, we can determine a range between the maximum and minimum of that candle which will be stronger the more candles are within the range. It is therefore expected that in the event of rupture, the prince will make a fairly strong movement in the direction in which the breakout occurs. For this reason, it is recommended to apply this trading strategy in instruments and assets that are sufficiently volatile in order to capture a strong movement. 🔔It seems that Bitcoin was able to create a Master Candle in the 1-hour time frame; it is expected that the lowest price of the master candle will be broken in the next 3️⃣ to 5️⃣ candles . 🔔The minimum amount of drop can be equal to the distance between the highest and lowest price of Master Candle . 🔔Also, Bitcoin was able to make a rising wedge near the downtrend line in a 15-minute time frame . Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
45
Decentraland Analyze 🎮hi, today I am analyzing one of the popular projects that it is working on Metaverse . its name is Decentraland (MANA). Decentraland Analyze ( MANAUSDT ) Timeframe 4h⏰ (Log Scale) I have two strategies for MANA ( Bullish 🐮 and Bearish 🐻). Bullish 🐮 Strategy: if MANA can break the resistance zone ( 4.1$_4.36$ ), Then I can say that the Bullish Flag is working and MANA will touch Bullish Flag's Target ( around 6$ ). Bearish 🐻 Strategy: after MANA escaped from the falling wedge, it is on behind the resistance gate now and at the same time price made Bearish AB=CD Harmonic Pattern around the Current price. in addition, MANA is at my TRZ (Time Reversal Zone). Trigger 🎯: we can see that Master Candle has been made in my TRZ , we have to concentrate on the next three 4h candles. This master candle can work for both strategies. My Suggestion : if you want to have MANA on your portfolio, you can concentrate on the master candle. if price can break it from up, you can collect your MANA. if price breaks master candle from down, if you have MANA you can empty your portfolio from it. Support Zone : 2.48$ unit 2.33$ Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
by pejman_zwin
Bitcoin Analyze (🎁Patterns🎁)!!!hi everyone👋, first I have to say sorry for my busy chart 🙏, Maybe I have to reward someone who can find the number of my chart patterns 😀🏆. Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ Location 🌊: about the location of Bitcoin , please read my post with the topic ''Bitcoin Analyze (Two Descending Triangle )!!!'' . Patterns : Still, Bitcoin wants to make Triangles and Channels on our Descending Triangles. if you look at my chart carefully, you can see a Rising wedge that price broke the lower line of it and then price made pullback to the lower line of our wedge== This pullback made another triangle == Symmetrical Triangle . The price was able to break our Symmetrical Triangle too and now we are watching another pullback to the lowe line of the Symmetrical Triangle. Probably the second pullback CAN continue until The Upper line of Descending Triangle + the lowe line of the Symmetrical Triangle + TRZ2 (Even TRZ1 ). This pullback made Bullish AB=CD Harmonic Pattern. Live : Bitcoin is running on Descending Channel + Mastercandle ( Candlesticks analysis ) +the middle line of the lower Ascending channel 2 + Price is at TRZ1 . price will make Bullish Gartley Pattern ==Near the lower line of Descending Channel + TRZ2 // OR // Near the lower line of Ascending Channel 2 + Point D (purple// Point D of Descending Triangle ). Triangles' Target : Symmetrical Triangle's Target == Around 29340$ Rising Wedge's Target == Around 27560$ Pay attention to our Heavy support ( 316200$ until 30000$ ( Support + Cluster of Fibs+ the lower lines of Descending Triangles ). RSI Analyze: RSI is running at Descending Channel , also I found Head and Shoulder Pattern on the upper line of our channel, if RSI breaks the necking line, probably RSI will close to our Support Zone .👉https://www.tradingview.com/x/B3aAC81P/ Also, still, I am believing in Bitcoin Long-term Analyze ( Monthly Time frame )📆: Please read this post carefully ( I ❤️ LOVE ❤️ THIS POST(for Jun 9)😀)👉https://www.tradingview.com/chart/BTCUSDT/PTviG7sS-Bitcoin-Long-term-Analyze-Monthly-Time-frame/ My Suggestion : Again sorry for the busy chart, I hope that my chart is useful //please do NOT buy Coins for Midterm and Long-term investment until the market finds a way . // if the price goes UP over the Monthly pivot point ( 35060$ ), then we can think about opening Long positions for the Short-term // please follow my lines . Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
by pejman_zwin
27
Possible Master Candle On Weekly Chart Significance of Master Candle Master candle signifies a point in time where the price falls into a tight range and both bulls and bears are struggling to move out of this range. The 4 child candles following the master candles represent the state of dilemma between bulls and bears. You may also choose to look at only 3 child candles and ignore the 4th one. As the market is largely driven by crowd psychology, master candle truly symbolizes this crowd behavior and their struggle to move prices up and down. The accuracy of master candle breakout generally ranges between 30-50% Not Financial Advice.
Long
by Nutty_Trader
Consistent rejections... another dip before new highs? - Sharing some thoughts on BTC on 4hr chart. - The primary factor to monitor would be whether or not the bottom of the yellow upward parallel channel can successfully support BTC. It’s the red box on the chart. - If it fails supporting, BTC is most likely to get into corrective phase and at least test the bottom at $55200. - I have marked some of considerable areas to expect decent supports and resistances. - Rest of the descriptions are written on the chart above.
by Tommy_Trader
1