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BINANCE:SUSHIUSDT - Triangle formation confirmed, waiting break--------------------------------------------------------------- Description --------------------------------------------------------------- + SUSHI formed a symmetric triangle and waiting on breakout + Symmetric triangle formation will be a good opportunity for a trade entry + The target for the trade is next resistance. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.132 Stop Loss: 1.046 ------------------------------ Targets 1:1.166 Targets 2:1.200 Targets 3:1.273 Targets 4:1.382 ------------------------------ Timeframe: Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Note: Don't forget to keep the stop-loss. --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
Symmetric Triangle breakout | Decent Profit Opportunity--------------------------------------------------------------- Description --------------------------------------------------------------- + BINANCE:OCEANUSDT formed a decent symmetrical triangle and successfully broke out from the resistance. + We can enter at the current price range or wait for better entry if the correction happens + My Target for this trade is next resistance --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.4547 Stop Loss: 0.3945 ------------------------------ Targets 1: 0.4712 Targets 2: 0.4986 Targets 3: 0.5350 Targets 4: 0.5788 ------------------------------ Timeframe: 1D Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
OLong
by VectorAlgo
BTC/USDT Symmetric Movements ForecastIn this forecast, we have used a "Symmetric" Approach to the recent movements of BTC/USDT pair. Since the fluctuations indicate a singularity in their trend angle (by -14 and +14) at both support and resistance, we adopted this approach. The analysis represents four strategies for high velocity and low velocity bullish and bearish markets. Despite of the unknown fundamental issues that affect the market trend, by considering them "null" Bitcoin bearish and bullish forecast seems to be valid in lower timeframes, including 1H and 15 Minutes. The estimations can be tested easily by trading on SynchroBit Hybrid Exchange.
Long
by SynchroBitTeam
CTSIBTC is creating a symmertical triangle 🦐📐The price is testing the upper resistance of symmetrical triangle. IF the price will have a breakout and test the current resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
9
LONG - KNC - Trading OpportunityFTX:KNCPERP has been drawing a symmetric triangle for the past week already, this has been the 3rd bounce from the bottom trendline, looking to take advantage of the move, if it breaks out we will buy again on a retest. Entry: 1.5912 Target: 1.7395 SL: 1.5389 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX:KNCPERPLong
by ElMomento
BTCUSD Models of continuation. Triangles.BASIC MODELS OF THE CONTINUATION OF THE TREND’S MOVE Graphic configurations which will be studies in this chapter are called the models of the trends continuation. These models usually mean that the period of the price stagnation indicated on the graph is just a pause in the main trend development and that the direction of the trend will be the same after they end. The second criterion between the fracture and continuation models is the duration of their formation. The construction of the first ones, which display serious changes on the price dynamics, require more time. The second ones are shorter. It is better to call them short-term and intermediate. Note how often we use the word “usually”. This is due to the fact that the interpretation of graphic models is subject, rather, to general patterns than to rigid rules. There are always exceptions in it. Even the elementary classification of price models is sometimes difficult. There are always exceptions in it. Even the elementary classification of price models is sometimes difficult. Typically, triangles are models of continuation of the trend, but at times they show a fracture of the trend. Although triangles are usually considered intermediate models, they sometimes appear on long-term graphs reflecting the development of the main trend. A variation of the triangle - an inverted triangle - usually means a fracture of the main upward trend. At times, even the "head and shoulders" - the most famous basic model of a fracture - may indicate a phase of consolidation TRIANGLES We will begin a discussion of patterns of continuation of the trend with consideration of triangles. There are three types of triangles - symmetrical, ascending and descending (sometimes called the fourth kind, known as the "expanding triangle" or "broadening formation," but it will be considered below). All triangles differ in shape and have different prognostic functions. SYMMETRICAL TRIANGLE A symmetrical triangle or "spiral" is, usually, a continuation of the trend. It marks a pause in the already existing trend, after which the latter resumes. An example of a bullish symmetrical triangle. Note the two converging lines. The model ends when the closing price is fixed on the market outside of any of the two trend lines. The vertical line on the left is the base of the model, and the point on the right where the two lines meet is the vertex. The minimum requirement for each triangle is the presence of four control points. To hold the trend line, as we remember, two points are always needed. Thus, in order to draw two converging trend lines, each of them must pass through at least two points. The completion of the triangle model takes some time, which is determined by the point of convergence of the two lines that is the top of the model. Usually, the price breakout should be in the direction of the previous trend, at a distance of half to 3/4 of the width of the triangle horizontally. The ASCENDING AND DISCENDING TRIANGLE Ascending and descending triangles are a kind of symmetric but have different prognostic functions. The figure below shows an example of an ascending triangle. Note that the top line of the trend is horizontal, and the bottom line is up. This model means that buyers are more active than sellers. Such a model is considered to be a bullish one and usually ends with a price breakout beyond the upper line. This model is completed when the closing price goes beyond the upper trend line significantly. A breakthrough must be accompanied by a sharp increase in volume. The upper resistance line turns into a support level with subsequent price drops. The minimum price benchmark is determined by measuring the height of the triangle (AB) and projecting this distance up from the breakout point C. The descending triangle model is a mirror reflection of the ascending triangle and is often considered a bearish model. Have a look at the downward upper line and horizontal bottom line on the picture below. This configuration which indicates that the more active the sellers are than the buyers usually ends with the future price drop. Completion of the model usually occurs with the closing price going beyond the lower trend line crucially and is accompanied by an increase in volume. Sometimes this is followed by a price return which meets resistance on the lower trend line. The measurement procedure for this model is exactly the same as for the ascending triangle. You should measure the height at the bottom on the left side of the model, and then project the distance down from the breakout point.
BITFINEX:BTCUSDEducation
by EXCAVO
41
HUGE Symmetric Triangle on BTCWe are currently trying to close out the daily candlestick above the 50 day MA so we can have bullish support. The bulls are trying to break resistance lines, and will be facing another resistance around $8,800-$8,900 which is where the 200 day MA sits currently. RSI confirmed the bounce off the 40 which could indicate a bullish turn. The 4 hour chart is looking bullish for the near future, so I expect prices to stay around $8,500 for a while. A retracement to the $7,750 level is still welcome before we break out of the 6 month symmetric triangle. Looks good for the short-term, and is all healthy for the market.
BITFINEX:BTCUSD
by TheCryptoMonkey
ETH - Small Correction Soon Then Major BreakoutSymmetric triangle on 1d candles. 1d RSI has bearish divergence, and 1d Stoch RSI has a breaish cross. Waiting on cross of MACD. Expect small price increase over the next while, then a correction to the bottom of the triangle. We have minor bullish signals on the 4h candles. A small dip will complete the ABC correction of wave 4. Wave 5 will then come, aligning with breakout of triangle. This price movement also matches up just before major ETH developments that we will be seeing this summer and fall - POS, ERC20 milestones and Plasma (hopefully). *My opinion - Not financial advice*
Long
by green_brow
Good Risk/Reward on BTCUSD LongI've been waiting for weeks for a good place to purchase BTC along with other small cap cryptoassets (which are usually highly correlated with BTC, if not amplified). If you believe there's a chance in the Q1 downtrend breaking, now is a great, low-risk time to buy, because of this massive symmetric triangle formation. We've just bounced a couple of times off of the bottom of the triangle, giving us a clear place to put a stop (between 4%-8% below depending on your risk tolerance). If we next hit the top of the triangle, that will be a +16% reward. But the more important reward is getting a low-risk ticket to the show incase we do manage to break out of the downtrend. We may be very likely to fail a break upwards, but this is definitely the cheapest way to ride that opportunity if you haven't bought in already. If we close clearly outside the triangle, sell, suck up the losses and try again another day. www.redcliff.co
BITFINEX:BTCUSDLong
by VCXO
3
BTCUSD - End of Correction? Bull Trap? Opportunity!Is this the end of the correction or is this a bull trap? We don't know yet. Nevertheless, it's worth a shot. Bitcoin is showing new strength by breaking 15000$ resistance level with highly increased volume. This is also the bullish confirmation of a symmetric triangle pattern. Depending on future movement this could be a short-term trade or the opportunity to build a long-term trade. Because of this I entered at 15000 with 10% of the maximum amount I'm willing to bet on Bitcoin in the long run. I only consider opening trades that show a risk:reward ratio higher than 2:1. Time to do some math: Target: 19000$ Entered at: 15000$ Stop: 13299$ Risk:Reward Ratio: 2.35:1 Good Luck. Disclaimer: I'm a relatively unexperienced trader, so don't consider this investment advice. I'm mostly here on tradingview to improve my trading skills. So don't hesitate to give some feedback.
BITFINEX:BTCUSDLong
by HFBN
Flowserve Corp Symmetrical Triangle SetupThis textbook symmetrical triangle setup caught my eye as FLS was a big negative mover on the Stockcharts Technical Rankings. I've overlaid a ratio to the SPX where you can see a divergence with FLS underperforming, With earnings approaching before the apex of the triangle it is likely to be resolved there. Given this underperformance I am biased to the short side but will likely use options to define my risk here as could break either way.
NYSE:FLSShort
by garethtdavies
1