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Patterntrading

The Bats Keeping Coming (Bullish Bat Setup)Hello traders! After entering a Bearish Bat pattern for the pair (2nd position still live), another Bat is potentially forming, however this time a Bullish one! This could also signify potential consolidation below the 1.25 level (imo). Entries around the 1.2356 level, stops and targets as usual based on rules (make sure you follow them rules!). And remember... This is not an endorsement to trade, this is just my opinion. Trade at your own risk! Good luck in the markets!
Long
by Urbandj
GBPUSD SHORT it looks like we have completed a 5 wave sequense and we see a double top that has formed ... here we see a close up of what's happening on the lower time frame and it does look like the wave 5 is completed and wee see a beautifull M pattern forming we are in for a sell ... here you can see the entry and target the reason for the stopp loss are MAS (that you can't see on this chart ) and my take profit is based on the fib levels entry 1.40092 stoploss 1.40476 tp1 1.39534 tp2 1.39228 tp3 1.38665 move stop to break even and take partial profits at tp1 then then move stop to tp1 when we passed tp2 and take another part of your profits ..... happy trading everyone follow me and ask me any questions if you need 2 :D
Short
by dubaere
Litecoin Short Term TA Day 6Well that little bull run on Saturday was a tease wasn't it... Back down we go though. Litecoin has been performing stronger than its main competitors which is a good sign, BTC is about to reach the 6000's and we are still doing relatively well in comparison with how LTC usually does when BTC falls. Our first test will be 120. This is the lowest it reached right before that little bull run on Saturday. I think that is a good zone to buy, but of course it could go lower, so 107.50 will be the next test. If that gets broken, I would not be surprised if we see LTC below 100 again. If 100 is broken, I do not see it staying there for long. ' Our next real resistance is in the 160 range. If we do become bullish again, I don't see it being long and will see it bouncing off of there. We are seeing lower highs being reached. On 1/29 we saw 197.50. On 2/04 we saw 173.85. If we keep up with this pattern, our next one will be around 151.50. Going off of this pattern, I don't see that being reached until 2/10, so we got a few days of this downward/sideways movement. Remember though, Litecoin/crypto can do anything so all of this could change in an instant. I will keep an eye out on LTC and BTC and see if we touch support or go below and will update this if needed. Check out my previous days TA in the related ideas section and follow me if you would like.
BITFINEX:LTCUSD
by whatsinthecupsir
1
Bullish Cypher Pattern (Be Aware of the Bullish Bat though!)Hello traders! As the title says, Bullish Cypher pattern potentially forming on this pair. However, depening on your own rules, the Bullish Bat is still a live potential trade therefore you will have to decide (according to your rules that is) on which pattern you will take. You could even keep the Bat pattern as a second chance trade if you were to get stopped out of the Cypher. Whichever you choose though, make sure it's according to your rules (you will probably get sick of me saying that but don't forget it!) One more thing, this is not an endorsement to trade, this is just my opinion. Trade at your own risk! Good luck traders!
Long
by Urbandj
So You Think that Patterns are Useless? Reevaluate it.Hey, I am back with another, this time educational analysis. In this educational analysis you can see some obvious patterns in the chart, that helps you decide when to buy or sell. Simple usage of just three indicators, Volume , RSI , and MACD . At first I though, sure, how can some pattern show me the price movement.. But I was wrong. Ok, so in the time of 9 hours, we can see two Pennants , one Ascending Triangle , Head and Shoulders and Small Flag. If u were this time, during the breakout looking at the graph, and you were able to spot all these Patterns you could earn 62,5% in 9 hours! For Example, The top of head and shoulders, the top was when it did triple top on RSI and MACD showed trend reversal. Unfortunately, in the 15 min chart, it looks kinda Meh, so please, take a look lower, where is the 1 min chart, that is a lot more clearer. Tradingview doesnt allow to post less than 15 min charts. Thanks!
VEducation
by TiborVrbovsky
KISS - Keep It Simple Stupid - Repeating PatternsQuick video this evening to highlight how patterns typically repeat themselves not only within one part but many pairs. Whether in crypto, forex or even in stocks. I like the acronym KISS - Keep It Simple Stupid. While my charts may look a mess, I try to keep them very simple and clean without any indicators other than price action, a few moving average and support and resistance levels. For me I find this works best for me in determining targets for entry and exits. I hope you found the video informative and help, if so give me a like and reminder to follow to stay update with my post.
Education
by Crypto_Sid
POE BTC Forecast - Po.et of Gold!These types of charts get me excited and make my heart pump faster! Also, I am looking for a pump in the POE chart. I could see plenty of bullish patterns including: a) Symmetric Triangle; b) Flag and Pole; c) Pennant; d) Elliot Wave (in the making); and e) ABCD. One may ask why did I draw a bearish pattern: BAT harmonic pattern. Well, all indicators point for a breakout and Line D would form and complete the BAT Pattern. This is good news with a bearish pattern. Gasp! BTC price is not stable at all especially because of CME Futures Contract which expire on 26 January 2018 i.e. Friday. If price continues to drop, altcoins usually follow and could drag POE price with it. I would follow price closely until Friday and try buy several dips so as to average price in case in drops or breaks out early. Also consider profit exit points. The chart is for illustrative purposes only. I combined two Fibonacci Extensions from two different points and drew out those two sell targets: one conservative and one risky. Consider the volatility in the crypto-market when making such decisions. Set limit buys in order not to miss the pump and limit sells to secure profits if price tumbles down. We'll see if this turns out to be one of those hero or zero moments. This is not an investment advice, always do your own research.
PLong
by itradearn
1