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The bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999 Bump-and-Run Reversal Bottom: Important Bull Market Results Overall...
#ICP Enable the #Bitcoin testnet... This thing working on mainnet will be a VERY BIG achievement.
As I always harp on about, you should have a very distinct idea of where your stop loss will be placed when you trade any position, and wedges are no exception. One of the most common areas to place your stop loss when trading wedge patterns is just above or below the retracement immediately prior to the breakout. This is the point at which the market has proven...
What is HH HL LH LL in trading? The price in a given period is moving in an uptrend if its highs are always higher (HH = higher high) and its lows are always higher (HL = higher low). Prices are in a downtrend if its highs are always lower (LH = lower high) and its lows are always lower (LL = lower low).
Breakouts occur at resistance and support areas. These areas could be based on trendlines—horizontal or diagonal—prior highs or lows in the price, or chart patterns drawn on the chart. A breakout is when the price moves through a support or resistance level and keeps moving in that direction. A failed breakout is when the price moves through a support resistance...
What Happens After Wyckoff Accumulation? Once the Wyckoff accumulation is over, the price will move sharply higher as demand will exceed support. Buyers will experience an impulsive bullish pressure in which most money is generated from a buying position. In the accumulation schematic, the trading range represents the space between the SC low and the AR high....
#BTC without noise ... for now, the bulls have nothing to worry about. On-chain metrics show fear in small wallets but not in large ones. Christmas surprises are coming soon only for the most patient.
What Is a Broadening Formation? A broadening formation is a price chart pattern identified by technical analysts. It is characterized by increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling. It usually occurs after a significant rise, or fall, in the action of security prices. It is identified on a chart by a series...
What Are Adam And Eve Chart Patterns? Adam And Eve chart pattern formed when one sharp V-shaped first bottom low is made on high volume. This is the first “Adam” bottom. Then the price bounces back higher but later goes lower a second time to create a second cup shape as a second bottom that is the “Eve” on decreasing volatility and a tighter price range. What...
Accumulation: Wyckoff Phases Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers...
Remember that these are schematic patterns, meaning price action could have a similar trajectory, but it is important to learn about the characteristics of each phase and how to determine the differences in each one. Volume is a huge component of Wyckoff so see below for my favorite free resources to help learn more about Wyckoff: Wyckoff Re-Accumulation...
All Season coming soon ... patience will be rewarded!
“Bulls make money, bears make money, pigs get slaughtered.”
Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from...
If the BINANCE:LINKUSDT manages to keep above MA20 this will be a good opportunity to attack at 31-32-42 $ and maybe much more ... 50$ and 100$ :) Entry price 26-27$ Targets: T1 32$ T2 34$ T3 42$ Stop loss: 25.50$
Fibonacci 0.618 or the gold pocket is a good opportunity for a long position with a target more then 100% and a stop loss below $ 140 following target zones $ 360 and $ 420
If we manage to keep $ 45,000, this is a buy signal with a stop loss below $ 44,000 next targets 46800$ and 49000$