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Why pay attention to head and shoulders?Head and Shoulders is one of the most reliable patterns in trading. You could find the stats on this - I've long forgotten them. Many H&S pattern fail and you have to be prepared to take controlled affordable losses when engaging them. But when they do fall in your favour, they could be big earners. As always, these patterns do not 'predict' - they create probabilities. For every estimate on probability in one direction there is a residual probability that it won't work for you. That's where the stop-loss comes in. Strang things can happen with these - based on experience. 1 - the pattern fails completely. 2 - a second right shoulder develops (usually in bullish markets). 3 - price stalls in a range for a long time. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
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U
by Captain_Walker
11
WIN/USDT - Bullish breakout confirmedHello traders and community, today I will tell you shortly about situation of WIN/USDT Trend analysis - As you can see from the WIN/USDT daily chart, the price of WINK finished bullish breakout pattern and started correction after it, therefore we need to be prepared for bullish movement (cause range trend ended). Possible scenario you can see on the chart, I recommend to make tade positions only up to 0.00026 price level and leave the market for more trustworthy signals. Global trend of this pair stays bullish in long term, currenct resistance level is on 0.00026198 price level and support zone on 0.00019388 price level. Wink has great potential for long term investors and traders, cause of positive news and potential of this cryptocurrency as a whole. Chart pattern - Range pattern (accomplished) - Bullish breakout (finished) Technical indicators - RSI: market is still in boarders and is located near 60 level (not overheated, Bull signal) - MACD: MAs are prepared for upward movement + they get closer to each other (Bull signal) - BB: Volatility of the market started stabilizing after volatile movement accomplished (Neutral signal) - MA (10,20): MA10 is going upward to the level of MA20 (Bull signal) = Overall bull signal movement Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention! Tell us about your opinion for making better decisions in trading :) P.S.: Information provided is only educational and should not be used to take action in the market.
Long
by PrizesRises
4
Bitcoin: Steph Curry 🎯 🎯 🎯 Our Bitcoin analyses closely align with the playing style of Stephen Curry: precise, even from long range! Now, the Bitcoin price has left our target area, and we expect the price to further rise above $65,000, in order to complete its wave 3 in green. However, unless we are not safely above the level of $58,493.60, there is a 40% chance of deteriorating prices and we might see a bigger correction that will pull us below $38,710. Follow us for more All-Star caliber analyses!
BITFINEX:BTCUSD
by MarketIntel
3
EUR/TRY: Underrated Paradise 🌅Turkey is mostly known for its long history, culture, amazing cuisine and for stunning landscapes, but we have found out that it is also a great place for investments! As we have indicated in the chart, there is a trading zone between 8.630697₺ - 8.145568₺, in which we have entered this market on the long position. We expect the course to further increase sharply. Since we have only recently left the trading zone, there is still time to hop on the moving train! Check out our other analyses, too!
Long
by MarketIntel