BAT/USDT may be forming a Dragon Formation , provided that the price breaks the downtrend line (red line) and fixes above it. If the price cannot overcome the downtrend line, then the downtrend will start with the target zone being the local low. The points of observation are showed on the graph. ENTRANCE 1) Entrance on a breakthrough or pullback after...
Descending scallop, highest success rate pattern so far..
DRGN is up ~25% today, it’s breaking the 500 resistance and can continue to go up to the next resistance line around 540-550 and probably back down. The bounce can happen around the 410 and then back up. Depending on the upcoming news and volume will have to see what happens. And again manage your risks, do not buy things blindly. Do your own research. Have a...
I think that bitkion will go up. He recently did bitcoin analytics and named a new dinosaur pattern. You can see it here:https://ru.tradingview.com/chart/BTCUSDT/aYVU2D0h-new-dinosaur-pattern/
Bitcoin dominance chart by market capitalization. You probably noticed that over the past month, many violas went to growth by a large percentage. This can be seen in my trading ideas for some altcoins. Maybe it's not casual? At the moment, we see that the dominance of bitcoin over other assets is still in an uptrend. % BTC dominance came very close to the...
haha ok so I just wanted to have a little fun here and refer back to a previous idea of mine earlier this week. I wrote about the Ichimoku clouds indicator and how this could be a powerful tool to use especially in a longer time frame. Particularly on the weekly chart where we can see the symmetrical triangle formation still above the Ichimoku Cloud supporting a...
BTC - potential shapes of technical analysis figures depending on the breakout / price retention levels. A huge symmetrical triangle - a bear measured move - Triple top - Inverted Dragon. BTC / USD 1 week. I will write the zone algorithm and what will be drawn on the chart depending on the retention / penetration of a certain zone and...
The 20-day ADR was missed on Thursday and Friday. Moreover, the 20-week AWR was missed as well (both upside and downside). Price expansion is much expected next week. I am still bearish GBPJPY hence I am looking for bull traps at the levels I have illustrated on the chart Expect updates in the trading days next week in reference to this post.
as we see the dragon reached support area (Daily) , lower band of BB and also we see a over sold on RSI (5,14) the prices will raise again to area of 134.500
Looking at DRGN on the daily Willy is stupidly oversold with a nice W breakout Histogram showing a nice divergence (Not yet confirmed) OBV not looking to bad. It wants to break up Target and resistance between the 618 and 786 POC around that resistance area acting as resistance Double distribution in VPVR All im looking for now is a nice W in price to create...
Looking at DRGN on the daily. Looking at DRAGON since I last bought it at 701 sats, it has done pretty well. Willy is slowly making its way up in to over bought Histogram still looks good but would like to see it break into higher highs Could have a potential inverse head and shoulders working in price Huge notch in VPVR for price to fill in. 200ma around the...
-WAIT FOR BREAKOUT -WATCH FOR RETEST -EXECUTE WITH CONFIRMATION
Looking at Dragon on the daily * Willy is stupidly over sold and also making a nice bullish divergence * Histogram looking ok break up past the 0 line (Would like to see some more structure in the histogram) * OBV looking healthy and confirming a nice bullish div * Price double bottom on the 4H chart but would like to see something more solid. * Price could...
LONG TERM FX:USDJPY elliot waves analysis.
confirmed dragon pattern and unconfirmed double bottom. just realized the dragon pattern so I will try to enter the position near the blue line. if not; I will wait to brake neck-line. closing under the support zone will be my stop-loss.
#DRGN $DRGN #dragonchain flat no volume bearish outlook short term support now resistance
Always have good stops in place so you don't blow your account. Never play with money you cant afford to lose or you are just gambling. Good target and stops in place. I don't win 100% of the time , but as as long as your R/R is good you have a good chance of beating the markets.