USD-BTC
Gartley Pattern Cheat SheetHello, guys!
Here is a cheat sheet for the very reliable pattern - Gartley. If you are able to find it on a chart the successful trade can be executed. The most important thing for gartley is the proportions which should be approximately like on the chart. There are four most popular Gartley's types:
-Crab
-Butterfly
-Bat
-Classical
Please, write in comments how are your trades with this pattern, it's very interesting to know!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
BTCUSDT UPDATE!!!Hi Traders,
An update to our last post. A huge shake out today, price broke the first zone and rejected the second one perfectly. Price should reject the upper zone to come back down to the lower zone before going back up. Overall, it still all looks healthy.
Thanks
The Market Sniper Team
BTCUSDT UPDATE!!!!!Hi Traders,
Interesting analysis on BTC. Price has slowed down and has created an upward channel. We have looked further into what sort of orders are coming in and what quantities, this is where we have circled the volume bars. This is further reinforced through the sharp spikes also seen circled on the accumulation/distribution indicator. Road to $100k?
Thanks
The Market Sniper Team
Is Aeon ready for Liftoff? Aeon was a big performer in 2017 alt coin rally. Will this cycle be the same? Stay tuned. Looking bullish AF long term IMO
🔥 RSR Bullish Wedge Break OutAfter a strong run up early 2021, RSR has been seeing some consolidation. In the last two days RSR has shot up again and is starting a new bullish trend upward. Today marked the day that it pierced through the wedge pattern, signaling a new parabolic move upward.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on round numbers, $0.07 and $0.09 respectively. Do your own due diligence.
Happy trading!
EOS is above $4!EOS surpassed a very key level which is the $4 price point. It's the first time it trades above $4 since almost a year! It has been hovering around $2 to $4 for that time period until today where it went as high $4.30. It could mean that it created a support and would be heading towards new highs such as the 0.236 FIB level (around $6.50) relative to the 2018 all time high of $23.
This does go well with the current market sentiment of near euphoria so this could see a good pump as well as a good pullback in the near term. But it remains quite good news for EOS. It is still quite far of it's all time high and cheap compared to other coins which represents a good opportunity.
What do you think?
ADA/USDT Falling In A PennantADA/USDT is losing steam on Bitcoin insecurity, moving downward towards the lower trend line of the pennant.
To trade this setup, please wait for a break of the lower trend line of the pennant, we dont want to be caught in a fake-out.
On the chart I've marked two major areas of support, S1 and S2. Do your own due diligence.
Happy trading!
Bitcoin is the BIGGEST SCAM going!Bitcoin itself has no value at all unlike Gold and Silver which can be used as money and used in everyday items like solar panels. Price is purely speculation, yes if more people believe price is going to go up and buy it then price will go up, the only problem with this is you need more people to keep buying and eventually the supply of fools will run out.. This is when price crashes and makes people poor. This is why every man and his dog knows about Bitcoin because it is just a pyramid scheme.
If you cant see Bitcoin is in a bubble then you need to give up trading. After a drop price always makes a massive rally to make all time crazy highs, this is just to condition people into holding onto there Bitcoin when price crashes again because now they are conditioned to thinking price always goes up! One time in the near future this is going to happen where price crashes and doesn't go back up making the people at the top even richer and the small people will lose everything.
In Bitcoin there is no value at all, you can only make the money other people lose, it is a massive pyramid scheme. Some larger traders have entered Bitcoin positions which has pushed price up to draw more people into buying before price dumps. Bitcoin almost has a cult following, and we all know how most cults end up.
I could go on all day about why Bitcoin WILL fail but i wont. Feel free to message me if you want to know more..