Patterntrading
Acending bottom formation scenario ''IF'' the BTC bottom is inHi @everyone,
Like mentioned in previous published ideas we showed you to always be prepared for multiple scenario's
In our previous trade plan we showed an possible 'SHORT' swing trade setup for BTC with targets below previous low.
In this chart we show (incase of an invalidation on the short swing setup) how we could approuch the market ''IF'' BTC already bottemed out. And will see an Acending bottom formation showing up like in this example.
This is aswell an possible trade plan based on a potential scenario where we still have 0 conformation on that it will play out,
But.... ''IF'' this scenario could play out, we are well prepared for it.
A scenario is a guide with rules for conformations, and invalidations. No mather wich scenario will play out ( becease there to are many of them ) aslong you are prepared on the most of them you are able to make better and saver decisions in your trading.
Just Always have a plan and trade based on a position out of strenght, but also having a plan B,C,D etc.. just think like an piece of code --> if this...--> then that--> if this not--> then this..
Enjoy this possible scenario thread,
Quantistic
BNB/USDHello friends
Today we will see BNB/USD
We don't seem to have much traffic at the moment the price is stuck at the specific point of 282-284. Price should break 286-287 and go ahead to break 293 and hold 300 to be able to make a higher high
otherwise it will make 279-273 easy and we might see 270 as well and if he can't keep it we will see 260 or even lower low. I suggest that we do nothing for now
until we see some trend-volume on the charts .
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Lower low : If the price of a security closes at a lower price than it did at the close of the previous day, which was also a low, then it is referred to as a lower low.
If you liked this idea or if you have your own opinion about it, write in the comments.
Thanks for reading!
BULL FLAG IN MATIC !!Just I Saw a Bull Flag In the MATIC Coin, Which is a Continuation Pattern, the trend of MATIC is Bullish right now which means, if MATIC breaks the Flag's vertical Resistance it will pump very quickly.
Your TARGET should be at $0.9700 and your Stop loss should be at $0.8942, which is the flag's Bottom.
Thanks for reading carefully, please follow me and write your thoughts.
Learn Cup & Handle Pattern | Profitable Trading Strategy For Beg
A Cup and Handle is a bullish continuation chart pattern that marks a consolidation period followed by a breakout.
Chart patterns form when the price of an asset moves in a way that resembles a common shape, like a rectangle, flag, pennant, head and shoulders, or, like in this example, a cup and handle.
There are two parts to this chart pattern:
The cup
The handle
The cup forms after a downtrend and is followed by an uptrend and looks like a bowl or rounding bottom.
As the cup is completed, the price trades sideways, and a trading range is established on the right-hand side and the handle is formed.
A breakout from the handle’s trading range signals a continuation of the previous uptrend.
The cup should resemble a bowl or rounding bottom.
The perfect pattern would have equal highs on both sides of the cup, but in the real world, just like when finding someone to marry, perfect doesn’t exist.
After the high forms on the right side of the cup, there is a pullback that forms the handle.
The handle is the consolidation before the breakout.
The handle needs to be smaller than the cup. The handle should not drop into the lower half of the cup, and ideally, it should stay in the upper third.
If the Cup and Handle pattern completes successfully, the price should break above the trend established by the “handle” and go on to reach new highs.
The buy point occurs when the asset breaks out or moves upward through the old point of resistance (right side of the cup).
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EURGBP Head and shoulders ShortWhat we can see in the chart is a head and shoulders pattern. Once the price breaks down the neck line than the pattern can be considered validated.
Take profit when the price reaches the target. The targets are shown on the chart. Enter the short position only if/when the price breaks down the neckline of the head and shoulders pattern.
Counter TradeHow to take counter trade ? in this video we try to make it easy to took a counter trade (Against the trend) and to make quick money from market
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SUSHIUSD - Long - Ascending triangleOn the chart we can see a ascending triangle appearing. An ascending triangle is a bullish pattern. Enter the trade once the price breaks out to the upside.
Beside the pattern we can see that the RSI is picking up more and more momentum. So the pattern combined with the increasing momentum it´s likely that the price will go up.
All the details are shown on the chart.
Goodluck!
SP500 CASH - Another Bear market Rally??SP:SPX is in the process of another Bear market rally after yesterdays CPI data gave us one of the biggest one day rallies of all time.
But if we look at the previous rally with time and price that gives us an upside target area of between 4150-4200 for around early December.
If we get there earlier and go through 4200 then a major low could be in and we head to new ATHs again.
The FED is in there again giving us the higher interest rate story but helping the market at the same time.
This is also a seasonly bullish time for the market so it will be an interesting few weeks going into the end of the year.
I hope this helps.. Enjoy the day.
TSLA H&S???alright folks, I'm not much acquainted with H&S patterns so if anyone knows if this looks to be invalidated due to the price action on the "head" I'm open for a discussion.
if so, this seems to be a fun one to ride for a little.
I'm seeing a possibility for a little bounce from the current level though mainly interested to see if this is valid or invalid.
That's all folks
Updating highs on volumes. Good setup!1h TF. The coin today is in the top in terms of activity + on good volumes.
I consider the impulse breakdown of the level after the formation of local trading in the vicinity of the level.
Enter the breakdown of the local level and from the activity in the order book!
ETHUSDTHi guys
It looks like Ethereum is ready to start an uptrend, doesn't it?
The price range is maintained at $1178.13. Pay attention to Qazmer Zang's flash. On the other hand, we have Gartley's harmonic pattern, which can be attractive by maintaining the support range!
If the descending channel is broken upwards, there is a high probability of forming an upward trend similar to the scenario.
Keep in mind that if we lose the support range, this mindset will be weakened!
What do you think?
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went up very fast by BREAKING the TREND LINE, due to which US10Y went down.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it. So we have to wait a bit until we get them.
Anyway, with US10Y UP, GOLD is going down a bit now. Either way we expect GOLD to go DOWN to 1590. Before that, GOLD can go up to 1700 LEVEL anyway. Be careful..