rbrodriguez

rbrodriguez

Here is shown a Symmetrical Triangle Pattern just got created on BTC. How you should estimated your earn after determinating the height of the triangle.

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The RSI provides a relative evaluation of the strength of the price performance, making it a momentum indicator , values range from 0 to 100.000. If the RSI have values over 70.000 the price is in the overboought area, if the reading of the price is below 30.000 is considered in the oversold area.

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Here is an example of a Symmetrical Triangle Pattern, which it shows a reduce of the price variation. At the moment of the break down, the profit that is estimated it's the same height of the triangles base.

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In the graph above, a downtrend channel is shown. The price action to take on this trend should be; buy when the price hits the trend line and sell at the channel line to take more profit.

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The graph shows a bearish wedge pattern, it has one support line and a rupture line, which have contact 3 times and 2 times respectively till the breakdown. The profit that is expected is measured by the height of the wedge.

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In this publish it's shown an Up Trend in ETH, since each lowest peak of the price is higher than the previous ones.

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Here is an example of a Symmetrical Triangle Pattern, which it shows a reduce of the price variation. At the moment of the break down, the profit that is estimated it's the same height of the triangles base.

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A Sideways Trend is shown in the graph, with peaks that touch the resistance line 4 times and the support line 3 times, we can see how the price of the currency stays stable in this period of time, when the resistance line it's broken the price change it's tendency to a long term.

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In the graph above it's shown an example of a head and shoulders pattern, since we can appreciate two lateral peaks (shoulders) and a central peak (head) whose value is higher than the shoulders, an approximate profit is estimated with the height of the head of the pattern.

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When a line between the marked peaks it's drawn, a Down Trendline is formed, since each of the prices has a lower value than the previous one. This line could be considered as a support line that when the 5th times the price touch it, generates a rupture on the support line.

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In the presented graph a clear example of the pattern known as double bottom is shown, when the support line is broken it generates a tendency towards a long term.

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In the graphic above, is shown how the MACD indicator works, there are two lines of different colors, one of them is blue which represents the difference between two exponential moving averages, one of 12 periods and the other of 26 periods; while the orange line, also known as the signal line, represents the 9-period exponential moving average of PG prices...

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The wedge pattern hsa two converging lines, which slopes against the support line.

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At the graphic shown, we can take a look an ascending triangle, which has a neckline who was touch by the price 3 times before the breakdown, also we can the a look of the decesive close of the price, minimazing the price while times passing. The earn is determinated by measuring the height of the triangle.