Get started

Triangle Wave

Tron (TRX) seems needs to complete its correction phase.Hello ladies and lads, hope you are well. Tron apparently is at the end of D wave of ABCDE corrective structure. We should be cautious if we have long positions on this particular coin. On the other side, this could be wrong if we break through the trendline that is ahead of the price. In that case, the price should breakthrough C's Top to invalidate ABCDE corrective structure. Stay agile on days ahead. Ask any question at comment section, and feel free to send me message. Cheers!
Short
by HunkIsHere
REEFUSDT is creating a triangleThe price is creating an ascending channel below the daily resistance of 0.005$. As you can see the daily area is very strong for the market, and the price got several rejections from that area. How to approach it? IF the price is going to have a breakout from that area, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
RLong
by InkyGrip
5
RUNE/USDT (4H) - Midterm Long opportunity ? Hi Traders, This idea presents Long opportunity for RUNE... which is quite solid project, and form quite different structure from other " S "-coins. :D In my opinion we are actually forming wave (v) of C or 3 down. so Im waiting for LONG signal on 4H RSI which is currently Konverging. My Buy zone will be area 5.2 to 3.8 USD. Sell zone is 6.5 to 7.5 USD. I will count subwaves on the way down and UP + Update Idea daily. Do your homework, always trade safe and use stop-loss ;)
Long
by LongevityContrarian
1
Bitcoin's Stopped Out Buy SignalLast time we discussed the RSI buy signal on the 2-day graph. This happened at $37 640. This signal has long-since been stopped out. What many fail to notice is how these RSI strategies don't hold some mystique truth that no one else knows about. The buy and short signals have an average win rate of 30-35%, meaning that most signals in fact do get stopped out. What truly separates them from traditional technical analysis is how the downside risk of any given trade is always vastly limited. There are two separate stoplosses incurred. One is for the full candle close, such as the 2-day chart in this case. The other one is a wick stoploss, which is calculated based on a certain formula. In the case of our 2-day RSI signal at $37 640 the candle close stoploss was at $37 400 for a total risk of -0,63% - as in nothing ! The wick stoploss was at $36 379 for a maximum loss of -3,35% which in turn was the actual loss in this trade. The wick stoplosses give enough leeway to stay within three standard deviations. What this means is that the chance of getting stopped out just to see the price recover back up again is slim. What typically happens whenever a buy RSI signal gets stopped out is that the price is highly likely to continue trending down within the upcoming <50 candles, or within the upcoming 100 days based on the 2-day chart on which we initially got the RSI buy signal. Note how this by no account means that the price cannot go full force on any price pump, bear rally or what have you. It doesn't mean that the price won't surpass the actual entry level. Not at all. It just means things don't look good. The only cure to this is to get a new RSI buy signal. Otherwise, we'd do wise in expecting further drops. And in the case of this failed signal Bitcoin dropped by -24% at most during one weeks of trading. So where then do we stand with Bitcoin at the moment? Well, given how the price has plummeted by -40% since early April and -28% in just two weeks in what can at times best be described as waterfalling movements, it is equally clear that it's trading at technical support in the shape of a horisontally relevant line. But here's where things get both interesting and complex, for as it seems we could in fact be in for a megaphone pattern in the shape of that ABCDE that we've been going on about on previous occasions. Previously, however, we referred to this ABCDE as regular triangle, and not an expanding one. If this were to be the case, it could further confirm that we're still in a technically complex 4th wave prior to a final little 5th wave pump to the north. The upcoming few days and weeks will be rather defining as continuous price action below the aforementioned parallel channel would significantly increase the chances of an expanding triangle in the making. To be continued. /Long Life Trading
BITSTAMP:BTCUSD
by LongLifeTrading
MphasisHello and welcome to this analysis on Mphasis. In the daily time frame its been in a sideways trend now for quite some time forming an Ichimoku P Wave. We can see each swing zone has a 3 leg structure testing the 2 trendlines. Currently it appears to be ending the 1st leg of the the last wave down (likely), a small bounce back from the current level and then the final leg of Wave E near to the lower trend line should complete this P wave triangle Results are scheduled to be due end of the month. By then it is likely to complete what would be the end of a Price and Time correction in it. Until then stock will continue to remain in a narrow range. View would be wrong if the swing low at Wave C is broken. Alternatively if a turn from here breaks the upper trendline then will consider this low as end of Wave E.
NSE:MPHASIS
by Dinesh_C_Nagpal
HNTUSDT is trying to create a new Higher highThe price is testing the monthly resistance, a key level at 25$ the price got rejections in the past after a triple bottom on the 19.5$. The price got a rejection exactly on the 26$ where the market has a 4h resistance and dynamic daily resistance. On 4h Timeframe the price is trying to create a new higher high. How to approach? We are waiting for the breakout from the key level and applying our rules for a long position. As you can see on the left, just a breakout is not enough to open a new long position, so we will wait even for our rules. Next daily resistance is 28$, don't miss it –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
HLong
by InkyGrip
2