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Measuredmove

PG - Ascending triangle breakoutSummary We have tested $126 over twelve times since December 16th. Yesterday's move closed above this resistance; and we are confirming today going to all-time-highs. Technicals RSI(14) @62.5 showing relative strength but not overbought OBV is trending higher confirming the move To set a short-term target. You can measure from the bottom of the triangle and add that on-top of the triangle breakout. In this case; the measured move is at $136 approximately. RRR is 3:1
NYSE:PGLong
by dorfmanmaster
2
VERY SIMPLE ANALYSIS ON IOTA HEADING TO THE $0.30 LEVEL!Some of us like me have been trading this coin from the $0.157 levels and based on measured move in technical analysis, IOTA is likely to hit a major target and resistance of approximately $0.300 before retracing to test and potentially find support on $0.2201 comfortably. NOTE - This is a weekly timeframe so it may take a couple of weeks or less to play out. Please like this post if you find it helpful. Your comments, inputs and thoughts are also welcome :)
BITFINEX:IOTUSDLong
by georgime
GBPUSD 1H BULLISH FLAG BREAKOUT LONG TRADEBullish Flags are a chart pattern under the Range Patterns. Bullish Flag Ranges are repeatable trading chart patterns. Bullish Flag Range chart patterns will have a long directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the volume settings on the chart – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit. This trade setup was found by Scott Barkley on TSG "Trade of the Week"
Long
by Tradingstrategyguides
BTCUSD: Could This Descending Triangle Be The Final Fake Out?Another day, another descending triangle. I first tried drawing this on the 4hr chart, but without being able to include the support touch-point of December 2nd, I've gone with the Daily chart in order to have a minimum of 3 touch-points on both support & resistance trends, with sufficient time in between. There is an interesting difference between this descending triangle and others in Bitcoin's history however. Unlike most of Bitcoin's descending triangles that lead to lower swing lows, the measured move target for this particular triangle is approximately $75 higher than the swing low of around $6,526. I'm therefore remaining neutral while anticipating a final-ish flush out, as the measured move target of 8% could quickly develop into a double bottom or higher low bullish scenario. Support: $7,186 Target: $6,600 Resistance: $7,400 Breakout: 16th-21st December (after 75% of the triangle has completed) Trade it at your own risk. Related TA: Measuring The Move of the Descending Triangle Breakdown Descending Triangle On 4hr Chart To Look Out For? Extrapolating 2014 Correction - Could $6,500 Be The Low? Miner Capitulation Is Here... Back Down To $3,800? Bitcoin Repeating History: 10 Part TA Series On Repeating Past Patterns Full series with recent updates: bitcointalk.org
COINBASE:BTCUSD
by dragononcrypto
BTC at critical level,holding above 8400 for a possible reversalHi, guys, the market is in a gloomy mood. Pump and dump have occurred from time to time for the last two weeks. Overall, BTC price has gone through a measured downtrend movement for the time period which is not friendly to traders, because not volatility means no trading opportunities. So any hope of a turnaround this week? Let's walk through the technical picture first. The weekly chart looks bearish as the push-up that happened at the end of October has almost vanished, topping at 10500. And bearish pin bar generated in the last weeks clearly indicate selling force has overrun BTC. Daily Chart is very weak, with an orderly slide to 8400 over the last two weeks, whereas no quick slump shows the market is not panic anyway. RSI comes down to 40, sitting at the trendline. So, in the daily picture, BTC is not oversold and may still have some downside room until the panic price movement crop up. Anyway, $8400 is a very critical price level. Once broken, the bear will definitely push the price down close to 8000. Low volatility indicates the ongoing choppy move may soon come to an end.
BITMEX:BTCUSD.P
by UnknownUnicorn3838311
BTCUSD: Descending Triangle On 4hr Chart To Look Out For?VPVR (Visible Range) shows median traded price at $9180 level with the support level of the descending triangle at $9020. Note this is also the 200 Day MA level, therefore this is not a short call. The measured move of -8.5% calculates the price target of $8250, which is another VPVR level of median price from the recent volume history from the breakdown of the Weekly descending triangle . Nonetheless, a 4hr close below $9020 would be bearish with a Daily close below the 200 Day MA required to confirm bearish bias. The descending triangle pattern will enter the breakout zone after 75% completion on November 5th 20:00 GMT.
BITSTAMP:BTCUSD
by dragononcrypto
Bitcoin Diamond Pattern with Bullish Convergence?Good morning ladies and gents! I have spotted a Scuffed Diamond Pattern. The measured move of this to the up and downside is about a 3.82%. It's only a matter of time until we breakout. We are approaching the apex of this pattern. It looks like a long ways away, but keep in mind, this is the 1 hour time frame. I would use the 4 hour, but you have already seen the bullish divergence that has been forming. The bullish Convergence on bitcoin is new. This usually means impending price action reversal. This has been a downtrend on the smaller time frames which means a reversal would be to the upside. A measured move of this to the upside is about $8300-$8400 area which also coincides with our wedge profit taking levels between the 50% and 61.8% retrace. A measured move of this to the downside brings you to around $7600 which would be about the bottom of the wedge formation again. I hope you all have a wonderful rest of your day and night! Hopefully this was of help as the price action seems to be a bit slow right now. Twitter: twitter.com If you want to be a loving supporter of me and my "ChArtworks" $BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z $LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn $ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9 $x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3 Join the best Crypto and Technical Analysis Community in the world! Discord: discord.gg (Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
COINBASE:BTCUSDLong
by ChArtWorks_TechnicalArts
Measured move on XBTUSD coincides with support at 4992After almost 3 months, 90 days to be precise, this week XBTUSD finally broke through the bottom of the descending triangle it has been in since June. And it did so rather violently. It is now discussed if the bottom has been reached, or if there is more room to the downside. I have bad news for you. According to traditional TA, the price target of a break down of a descending triangle is the height of the triangle measured from the point the triangle broke. Of course nothing is traditional with Bitcoin, but what really worries me that if you project this move (4430 points) on the chart of XBTUSD, you end up exactly on a resistance level formed on the way up this spring at 4992 USD. This kind of "coincidences" adds to the reliability of the chart pattern and I really like making my trading decisions on them. And although it might not be nice seeing Bitcoin losing more than 50% of its value again, it might become a nice "buy the dip" opportunity again. Disclaimer: This is just an idea of what might or might not happen and is by no means trading advice. Always trade on your own risk and do your own analysis.
BITMEX:BTCUSD.PShort
by CoenKuijpers
BTCUSD: Is Bitcoin Forming A Bear Flag To $6,750? After breaking out of the symmetrical triangle to downwards support , Bitcoin now appears to be forming a bear flag that would target the 50 Week MA around $6,750 if broken to the downside. For all those who thought $6k prices weren't possible again, remember that we have already dropped from $10k to $8k. Price otherwise needs to stay below $8,450-$8,500 to avoid invalidating the bearish pattern. Stuck In A Symmetrical Triangle Ready To Break On 1 Hr: Price stuck Between 200 Day MA & EMA: Measuring The Move of the Descending Triangle Breakdown
COINBASE:BTCUSDShort
by dragononcrypto
BTCUSD: Measuring The Move of the Descending Triangle BreakdownIn 2018 there was an accuracy within 0.25% ($16) of the measured breakdown of the descending triangle . The calculation equaled $3,145 (-48.2%) with the low arriving at $3,129. Based on the 2019 Daily descending triangle , the measured move of -32% takes the price to $6,410, give or take $16. If this Daily triangle is breached to the upside I will calculate the Weekly descending triangle , that has a reduced measured move.
COINBASE:BTCUSDShort
by dragononcrypto
12
amazing to me how breakout target lines become valid trendlineslook at the ascending dotted blue measured move line coming from the point of the falling wedge breakout.....notice how every candle after the breakout has been respecting it as some sort of magnetic resistance perfectly. TA amazes me sometimes and for even the breakout target/measured move line can become a valid trendline if you know how to take your measured moves properly not just by their height but also their correct angle.
COINBASE:BTCUSDLong
by DrDovetail