Get started

Three Drives

LTC/USD Potential Bullish 3 Drives ReversalNot a professional. Not financial advice. It’s hard for me to believe the crypto market is ready to go up again in the short term but the LTC/USD chart surprisingly looks ready to rip if the money was to flow again. 1) It underperformed this past year relative to expectations, but on the bright side it’s been forming a giant Cup & Handle when you zoom out. 2) Within the handle a bullish 3 drives down appears to be very much in play. 3) The RSI & MACD also look primed for some divergence signals too but again I’m not an expert. I’m looking for 3 things: - the sell off to continue down to the $135 range - the volume needs to shows up - and a retest of the trend line for confirmation Thoughts?
COINBASE:LTCUSD
by n_1a1a_01
1
POTENTIAL LONG ( BULLISH BAT APF) H1 TF POTENTIAL LONG ( BULLISH BAT APF) H1 TF *W4C IS THE BEST WAY TO ENTER Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation LLCC - Lower low, lower close HHHC - Higher high, higher close SL - Stop loss TP - Target Profit POR - Point of Ruin RRR - Risk Reward Ratio Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to loss.. Update idea
Long
by Blessed_Trader22
Ethereum is nowhere near finishedCan it be this easy still? The bull run is definitely not over, barring some black swan event of course, however, I don't really feel in my gut ETH breaking out tonight, I think one more leg down would make for a good sort of three-dives-esque pattern. While the BTC pairing is looking as beautiful as ever, a closer look at the actual candlesticks and other timeframes would be needed for me to make any comment beyond, "it looks fairly bullish, if not also a bit overextended," and here I'm just looking at the USD pairing. Beyond that RSI has begun to creep upwards, and is one of the indications that maybe we won't have another leg down before breaking up. Our fib genesis for 0 & 1 levels can be found if you zoom the chart out a bit, but it was our prior local peak and local low (shocking, I know.) The additional fib I have drawn is assuming we DO break up from here tonight/tomorrow morning, but if we do have another leg down, I'll try and remember to leave an update here with the new chart.
COINBASE:ETHUSDLong
by kdenery
BTC/USDT Potential Bearish ExhaustionBTC has completed a three drives harmonic pattern on the 15min chart, forming three successive lower lows with Fibonacci extensions of approximately 1.62. This may be an indication of temporary trend reversal. This is more for my personal education and evaluation of the success rate of this harmonic pattern. I did not open a trade due to the volatile and unexpected nature of bitcoin. If I did, I would have opened a long position upon a candle crossing above the bottom of the trading range with the following setup: Buy: 47040 Stop loss: 46270 Take profit: 49580 (62% retracement of the downward movement) This is not financial advice and should not be taken as such.
Long
by jimmyha6
3
Ethereum Analyze (Short term)!!!I want to share Ethereum Analyze with you (Short term Analyze), I hope that it is an useful Analyze. I can see Bearish Three drives pattern on ETHUSD chart + Evening star Pattern (Especially on 1H )+ Divergence Between Volume and Price + Heavy cluster (Resistance) near current Price+ ADX=22.72 (TF=1H), means up trend's strength is too low . Also I can see Rising Wedge on Ethereum/Bitcoin (I will publish picture of it on comment). As result, according to above Reasons , I expect that price will reverse soon. My Suggestion : you can Find best Triggers for open Short positions . Take profits for short positions can be Around 2339 $ & 2294$ 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 on this post. Please do not forget 'like' button :), Thanks and Trade safe. Good luck
Short
by pejman_zwin
3