Get started

Three White Soldiers

EURUSD - ascending channelAn ascending channel has formed, and the support line of the channel seems to be holding very well, every time the support line is tested the RSI touches an oversold level. We have now seen the support be tested for the third time, followed by 3 bullish candles (could be considered a three white soldier pattern). This shows that the price is about to change direction, it should increase the momentum of the upward move. I will update everyone on this post once the market opens tonight.
Long
by JohnnyPurtoy98
Crows, Soldiers, Bull, and Bears oh my!We can see that the price of BTC bounced off the lower trendline forming the ascending triangle, and has broken out from the downward channel it was previously in. This action completed the formation of the double top. Conditions are set for the formation of a triple top, we can see that in the 2nd valley. The first bounced at ~7.8k and this last bounce was at ~8.5k. Further reinforced by the rallying 3 white soldiers on our candle patterns. And we broke the .236 level but only barely. Senkou span A & B have undergone a Kumo Twist and have begun to widen since. Our Chikou span has still not made an upcross on the price, Tenkan sen tells us that the market is still trending, and Kijun Sen has taken a horizontal position under price indicating there may be a small cool off period coming up. All of these bullish indicators are confirmed on the StochRSI. We can see that it bounced off the ~55 mark with a bullish divergence taking place. Theres a small bullish divergence taking place on the MACD as well. The last time we saw a bounce at this level was 2/6/18 and it brought us from ~6.8k and didn't lose steam until we saw the 11.6k mark. All of this is backed by the increasing volume we've seen move in over the past 12 hours. If the volume holds steady I would expect to see the completion of our triple top in the next 2 days putting us at or around the 11k mark.
BITFINEX:BTCUSD
by SpektreSignal
2
Clams this is madness :)This is daily chart on which I marked few important candlestick patterns. We can see here clearly three white soldiers, engulfing candle and doji candle which was rejected after trying to breach psychological level 10k. I marked on the bottom of the chart GAP based on the weekly chart. I would expect for this pair to reach 0.0022000 level first and then 0.0058000 which give us very very nice risk reward ratio. That candle marked with yellowish rectangle is very good signal that the previous bottom created strong support. This doji candle suggesting bullish trend.
CLong
by Krystiannwk
7
Possible correction. Triple bearish divergence on RSIThe chart shows triple bearish divergence on RSI, this is a strong signal for sellers. The price might go to lower levels to hit RSI support at value 50. After that, if nothing special happen, LTCUSD might create new all time high. Personally I've closed LTCUSD long trade, however if my assumptions are wrong, I'm ready to get into next leg-up. Moreover on the daily chart, we can see Three White Soldiers pattern, which indicates further uptrend move after 1-2 days of red candles. If bulls break the resistance at the last high, we are going much higher. If that doesn't happen we are going lower.
L
by fosis
1
CLAM/BTC opportunity to go higher three soldiers formation 10% I'm watching this pair for some time. It seems like that the bottom GAP was perfectly respected by market and created something like triple bottom(black ticks). There is still upper GAP which was holding pair for some time. Upper GAP was pierced in the last few days with very nice three soldiers formation. Psychological level 0.0020000 was tested couple of time for the last two weeks which suggest further bullish movement. If the upper GAP will hold the pair above it there is a big chance that the pair will move towards 0.0040000 level. 10% challenge: lest then 12 hours ago our first goal has been reached. If you follows me on that trade we got around 17%. <----- link in the description This is another one and our goal is 0.00400000 which is 54%. I will keep you posted if I will close position or something will change.
CLong
by Krystiannwk
6
Augur/ Ethereum Three white soldiers on Daily Chart The most important thing here is the very harmonic three soldiers formation which stopped losses and let the augur regain some position on market. SL is obvious, TP is based on my personal experience in relation to three soldiers formation. I assume the the huge panic doji candle created some kind of solid support in 0.20000 area. From mid of March till mid of April this area was tested numerous times with constant rejection. It would be good idea to wait till the pair will reach 0.2000 area again and then enter the market or just enter the market now with suggested SL and TP. According to W.D. Gann it is not wise to try to find top or the bottom of the chart because there is high chance that you will fail many times till you will find it. It is always wise to follow trend even you think it will reverse any moment. ... Just keep it in mind and treat this trade as the risky one with current price ... if the price will go between 0.2000 and 0.18000 I would consider this as almost perfect place to enter the market. It is still risky but Risk/Reward ratio will justify the risk.
RLong
by Krystiannwk
Aussie long position opportunity detailed information 4HThis is zoomed idea which revealed three soldiers formation triple bottom and 7500 level which stopped all attempts to go lower. Losses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes it quite nice opportunity to enter the market. I marked double bottom from May last year and January this year. What we can see here that when the pair reached 7200 area it moved north very quickly. This price action is suggesting that the bulls have very strong buying power. I would open position at current price with nice 3.5 Risk/Reward ratio. I think it is worth the risk.
Long
by Krystiannwk
3
Aussie long position opportunity big pictureLosses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes it quite nice opportunity to enter the market. I marked double bottom from May last year and January this year. What we can see here that when the pair reached 7200 area it moved north very quickly. This price action is suggesting that the bulls have very strong buying power. I would open position at current price with nice 3.5 Risk/Reward ratio. I will post another idea with detailed information.
Long
by Krystiannwk