Here is one of the easiest to spot signals when it comes to candlestick reading, as well as a very accurate one. Signals coming from the charts can get invalidated, meaning, you can have a signal that points to a change of trend and later the trend remains the same. For this reason, when trading we always use a stop loss. Here we have what is called a "bullish...
Here is a very famous chart pattern called the "Ascending Triangle" and this is a bullish pattern. When you see this signal, you can expect a bullish breakout. If the breakout to the upside happens, you can expect the target to hit the red dotted line. If DGDBTC price closes below 0.0050 on the daily candle, this signal would be invalidated. This post is for...
"The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks." If this pattern breaks to the upside we can expect a move up from Bitcoin (XBT) soon. This is an educational post covering some of the basics. This can...
Here is the " Morning Star " bullish pattern. "A morning star candlestick pattern is seen by technical analysts as a bullish sign following a downward trend. The pattern consists of three candles" . I've been watching Bitcoin Cash (BCHZ18) closely on BitMEX, and this pattern came up as price went down. As soon as I saw it, I opened a position which is now in...
Bullish Hammer A hammer is a type of bullish reversal candlestick pattern, made up of just one candle, found in price charts of financial assets. The candle looks like a hammer, as it has a long lower wick and a short body at the top of the candlestick with little or no upper wick. Please not that the candle needs to close for the signal to be valid. You can...
What is a Bullish Engulfing Pattern A bullish engulfing pattern is a candlestick chart pattern that forms when a small black candlestick, showing a bearish trend, is followed the next day by a large white candlestick, showing a bullish trend, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. You can trade this signal...
This is an analysis by request. Please hit LIKE to start reading... Ok my dear readers and beloved cryptocurrency traders, this is Alan Masters and I Love You! But what I actually mean is that you should always say... "I KNOW THAT I AM BLESSED AND I LIVE WITHIN THAT KNOWING. I LOVE & ACCEPT MYSELF NOW & ALWAYS"... Namaste. Without making you read anymore love...
Ichimoku Cloud showed us to expect strong price action here. Lesson: set stop-losses below reversal areas and Fibonacci support. Notes: Tenkan-sen calculation: (highest high + lowest low)/2 for the last 9 periods. ^ it is time to change our way of thinking - minor support/resistance Kijun-sen calculation: (highest high + lowest low)/2 for the...
Bitcoin has been following TA and going up as expected. After we hit bottom last month, Bitcoin has been on a ride and getting stronger by the day. We've seen many attempts at breakout in the past but none of them were supported by enough volume, lately volume has been getting better and it furthers confirms all the signals we are getting from the charts. There...
Bitcoin has been doing really good lately, it is moving up strong and into the positive. My indicators are all over the place, but there is something more interesting to look at than indicators... Trend lines... Yes, we are now above a major trend line, we broke through it like it was butter and Bitcoin is giving out signals of additional bullish action in the...
Let me show you a quick way to find resistance levels, which are also known as targets when you are looking to sell for profits when trading a coin. Above you have the Bitcoin chart with 1 candle per 24 hours; Daily time frame. Bitcoin price is likely to stop at the next resistance point. Note the word "likely", because there is always the chance of the price...
Bitcoin just broke another resistance, the $6400 price level, and is moving up as expected. The Altcoins were crying for quite a while, bleeding and bleeding after the bears fed themselves on them for a long time, but now, they alts aren't crying anymore. The signals and indicators that I am looking at are telling me that Bitcoin will continue on this path. I...
The title says it all, let's take a look at the details: "A bullish engulfing pattern occurs in the candlestick chart of a security/asset/coin when a large white/green candlestick fully engulfs the smaller black/red candlestick from the period before. This pattern usually occurs during a down trend and is thought to signal the beginning of a bullish trend "...
Blocknet (BLOCK), one of the coins that we started to trade back in early April, is gaining strength and moving up. But as we know, each time a top/peak is reached, there is a retrace in price, followed by consolidation before a coin continue its climb up. BLOCK has been doing good the past few days, but the time for the retrace has come. Here are a few signals...
As you can see this is a 4hr chart with a Moving Average strategy custom script. I find that altcoins tend to have rather long and drawn out market cycles so I decided to customize this script to trade off the 4hr chart. One key element that makes the backtesting turn out heavily in my favor is the trailing stop setting that is very unique to this particular...
Just want to share this strategy and give a huge shout out to Sharview for this awesome script. If you guy/gals are down to learn and want exclusive access to awesome scripts I highly suggest you swing on over to Shareview discord discord.gg where anything other than excellence is not an option nor a matter of discussion. Good luck to all with there dips and flips.