For more information read the 'Fake-breakouts-everywhere' idea below The first 2 peaks (teal arrows) define the channel direction. The third time the price hit it - it bounced straight away. This created downward price movements on ETH and BCH and probably many others.
Hi everyone. Here is part 2 of the CTR/BTC entry signals video. It focuses on pinpointing an entry level using a lower time frame. I'll put out an exit signals video shortly that covers things from that perspective. As always, let me know if you have any feedback or suggestions for future videos. Cheers and good luck, RJR
Education Study: How many good trading opportunity for NZD? 1. Bearish Cypher Pattern , short and capture a buyer failure 2. blue channel broken, retest and short 3. 0.7340 structure broken, retest and short 4. ab=cd plus structure retest 5. 1h inside bar break out and short
My CURRENT definition of RISK. RISK ON USD down, moving XXX/USD currencies up and USD/XXX currencies down. or RISK OFF USD up, moving XXX/USD currencies down and USD/XXX currencies up. Mid term (3 wks-6mo) I lean bias towards 2018 trading in RISK ON mode. Which means EURUSD is a buy mid-term. USDCAD is a sell mid-term. In the last several months we have...
2017 brought incredible popularity to cryptocurrencies and the market now contains a lot more people prone to 'fear of missing out' and panic selling. As a result the chances of a currency finding price stability at the end of a consolidation are slim, so as price amplitude gets narrow it tends to drop (or shoot up) and enter yet another consolidation pattern. In...
I would like to show you one of possible variants how to trade trend reversals. I use SMA100 as the signal line confirming bullish or bearish trends. If the price drops below SMA100, for me, it's a trend reversal signal and time for searching sell opportunities. If the price moves above SMA100, a new uptrend begins and I search for buy opportunities. In this...
In the world of cryptocurrencies it is so difficult to know when to buy. Instead of trying to 'time the market', just draw some trendlines or use an automated tool (the one I use is: Auto-Trendline from Patternsmart ). Make your purchase once price breaks above the trendline. In this case, looking at Ethereum on the daily chart, you could have picked some up...
As a currency trader, it is important to be able to flip your bias on a market as soon as possible provided you have objective technical evidence to support this flip. Too often, traders are influenced by a third party’s opinion about a long term trade bias that may be generated from fundamental analysis which is highly subjective. They tend to hold this bias for...
PFF formed a downtrend parallel channel. A downtrend parallel channel (bearish channel) is a continuation pattern that slopes down and is bound by an upper and lower trend line. The upper downtrend line it is called main line and marks resistance and the lower downtrend line it is called channel line and marks support. For a bearish channel, the main line extends...
The odds are lining up against the bulls. They may see a holiday cheer with a kiss of 2600 if lucky. However, the pullback from 2597 is incomplete and Bears are preparing for their feast. Continuing last week's issue the pullback is underway for an eventual total of 2-3% from the 2597 peak. Elliott wave count, a Fibonacci level of 1 from the the 2/2016 low, a...
This downtrend line on BAC, represents a resistance where traders can take advantage of selling opportunities in rebounds. It is recommended confirm the downtrend line. It could be after a third rebound, then, you can sell in any rebound and hold the position before the downtrend line get broken. When the downtrend get broken you must buy.
Time for a pause of the upward trend while the Bears to welcome cooler times. Their romp will be brief, but I expect their volume to be loud. A pullback of 2-3% has been long anticipated and is finally here. For the Bulls it provides a breather before the next advance. A much larger tussle is ahead in Dec/Jan. For now, there is something for everyone.
Intersection is when price is on 2 or more signal/set up that points out to the same direction. In this example: 1. Price broke the trend line resistance and retested it as a trend line support. (Buy signal) 2. Price is at horizontal support (Buy signal)
there are some examples for trend, BUT picture D is game changer TREND ends there remember: 1. last 2 peaks or last 2 valleys connect and make TREND line 2. if you dont know , dont plan trade there
Hello guys, GU got its support on the green line . This was a resistance line now become a support line. But a red ascending trend line broke at the beginning of Aug which is a bear sign too . On such chart, a retest of the trend line is possible. after that the green line could be test one more time too. Less is more!
Hi guys. For questions please feel free to message me. Also take a look on my account for my free analyses, I will keep it up to date every week.
Observe the chart for a moment, and you will see the support trendline. Now, price on the 4h candles has broken below this support trendline, but has never closed below it. After the first three points on the trendline, illustrated by the first 3 circles, the trendline was established as valid. (It generally is considered that 3 points are necessary for a...