A bullish divergence pattern is forming with RSI and MACD showing possible reversal of trend. A break of the descending channel on 4H chart will confirm this.
In this video, I review some evidence available to everybody. I spot some behaviour patterns of Bitcoin over the years.
The evidence to date is that it refuses to die - at each stage when people shouted "Crash!" or "Tulip!".
I'm not saying that Bitcoin will not die. That's none of my business as a trader. My business is to assess evidence, see patterns and ...
There is a resistance ledge that seems to be failing on the weekly time frame of the US30.
Why do I think it's failing? I see three candle wicks in the ledge, which informs me that there is serious bear pressure in what is a bear market (at this time). Am I saying it is going to fail and go south? No - I'm not saying that.
What I am saying is that the greater ...
Wall street and many other stock indices are at critical positions.
In this video I drill into the action today, from the monthly down into the 5 min time frame, approaching end of the day's session.
The GER30 is in a critical position and fighting hard to stay afloat. It rules the world.
In general the GER30 does not like a strong EURUSD. And the US30 does ...
Gartley Harmonic completion at major structure. Further move to the downside?
Follows on nicely from previous winners -
https://uk.tradingview.com/chart/EURAUD/lc1oufkP-EURAUD/
Butterfly completed nicely. Green box indicates .382 1st target which coincides with major structure area. Might be an area to look for long opportunities if we see bullish signs.
We just saw a double top pattern in WTI which is signaling a downtrend in Crude Oil. We are shorting it now looking for a 64 as first stop our final target is around 55.
Keep in mind that a break on 66 or 64 may be the start of a large move.
Good look
Hello traders,
2 nice harmonic patterns on CHFJPY 0.11% to hop in the trend.
Reason for entry:
Price broke a major support level on the daily TF. That gives me a reason to short any harmonic move's into the previous outside return.
Pattern 1 (blue) - Potential Cypher:
Entry: 113,882
SL: 114,577
T: 111,501
Pattern 2 (pink) - Potential Gartley:
Entry: ...
After the market moved to the upside, hitting the 2nd target for the previous Bullish Bat, the market now offering (according to the data provided by Tradingview) yet ANOTHER Bat pattern opportunity however to the downside! Please note!: check the data on your trading platform as though on here the requirements necessary to fulfill a Bat pattern have been met, on ...
Hello traders!
As the title says, Bullish Cypher pattern potentially forming on this pair. However, depening on your own rules, the Bullish Bat is still a live potential trade therefore you will have to decide (according to your rules that is) on which pattern you will take. You could even keep the Bat pattern as a second chance trade if you were to get stopped ...
We are starting to have enough data to define an uptrend with clear support and resistance levels. Keep an eye on the indicators to back said levels up. APPC has great fundamentals and it is not clearly listed on Coinmarketcap, as the supply on CMC is still at 450mil coins, while the coin burn took place 2 days ago and the true numbers are 96mil circulating supply ...
BITFINEX:BTCUSD
Dear friends,
As I have promised, I present you my next weekly training article.
Some time ago I started studying harmonic patterns, book by Scott Carney “Harmonic Trading” proved to be very useful.
Having studied it thoroughly, I tried to sum up my knowledge and write the summary in a series of article, starting from the present one.
Let’s ...
USD/JPY pair slowed down dropping at major support line.
It is expected to retrace up to test resistance at 113.25 area before dropping down again.
This would draw a head-and-shoulders formation.
#SmartInvestmentTeam
