DTX is tracing the early stages of primary wave 3 down that should push pri es to levels below 650. If price crosses up 872 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
In my last analysis, I warned about the movement SPX was doing, which was very similar to the last bear trap I also warned here. I’ll put the links to my previous analyses bellow, and I invite you to follow me to keep in touch with our trades and analyses. It was a perfect déjà vu. Again, I saw a lot of people calling it a short trade, but we knew we should be...
What the chart can tell us about the future of BTC? There’re a lot of theories surrounding the crypto, and most of them are positively promising, and these theories are gaining strength now, specially with the halving coming this month. For instance, we have models that can be used to determinate the Bitcoin’s value, like the Stock-to-Flow model, which I find...
In the current climate, trading alts is risky, but then when isn't it risky? For those that are risk-on.. ALGO looks interesting to me: Bounced off long-term support Has made a couple of higher highs and higher lows (Williams Trailing Stops) 8/21D EMA bull cross (Exponential Moving Averages) Solid green daily trend for the last 3 weeks (Price Action...
Primary trend is downtrend and the price now make a secondary uptrend, according to EMA 22 the price is at dynamic resistance and will bounce to continue bearish,after that i found pennant pattern that will make price to continue bearish, for target price I'm using Fibonacci retracement at 1.618 golden ratio
Catalysts for bull runs have been seen including symmetrical triangles, and three clear bullish divergences. A broadening wedge within a broadening wedge is present, these 52% of the time (according to bulkowski's chart patterns) result in a breakout downwards. Most often this chart pattern is found in bull markets. A clear cut case is the DOW. Going off purely TA...
Using only one tool with 4 clicks (4 anchor points) so much can be understood. Open you mind to more than simple trend lines and chart patterns and take your TA to a whole new level.
Not only can you use a gann fan in the upward position to help identify targets above, but it can be used in a downward position to help identify areas of resistance and to help predict runs out of a downtrend. The vast majority of the time when a stock passes through the last fan angle there is a significant run. Additionally, the vast majority of the time,...
The purpose of my post is not to teach anyone this method nor prove its success - I don't have the time. I am simply throwing out a bone to 99% of people on here whose thinking is limited to individual trend lines and patterns. These have their place however they are not the full story. Anchor points are almost always the low before a run and the top of the bull...
In Dow theory is simple method to see price direction waiting to buy from demand zone for short term TP
LTC is a tricky one to predict. Consider that LTC has been leading the way earlier this year and not BTC. Although BTC gets the news, LTC was usually the first to move (pump) with BTC then eth/alts. LTC topped out June 22 '19 with BTC following June 26 '19. While BTC is playing more of a traditional DOW theory thus far (and I use traditional in the loose sense...
*Yellow = 200 EMA | Blue = 100 EMA This video goes over the divergence between the DJ:DJI and DJ:DJT . Currently, the DJIA is trending upwards, setting new highs, and lows. However, contrary to this movement, the DJTA is moving downwards heading towards a trendline shown in the video, but could very easily break through that trendline. Why do I care? In...
As you all know Bitcoin dropped ~84% from 20k all the way down to 3k. In the past few months Bitcoin has been painting a bottoming pattern: the failure swing bottom from Dow's theory. I see that absolutely no one talks about this pattern, instead I just see people who talk about an ABC correction that will bring us to new lows, like 2k or even 1k, which in my...
Hi Tradingview! Welcome to my first published idea! I have used different methods of TA to get to a 2235 target of the S&P 500: * Head and Shoulders pattern with a skewed neckline around current levels, target 2235. * Dow theory: 16% drop leads to 24% drop 80% of the time. Which is 2235. * 5th upward pointing wedge in a row. The previous 4 broke to the downside....
Hello Traders, Verge coin already successully break symmetrical triangle chart pattern and create new high so if we use here Dow Theory so we have already HH and new HL so possibilities here start uptrend and you can book good profit for short and mid term. Symmetrical Triangle is a chart pattern, Characterized by converging top and bottoms. The bottom of the...
Applying Dow Theory to GBPJPY. Dow Theory - www.investopedia.com