Pattern)
🔥 SOL Bear Flag: Preparing For The Next DUMP 🚨With the market seeing a lot of weakness lately, I'm starting to look at more bearish trading opportunities. In recent analyses I've stated multiple times that my expectation for the remainder of 2023 is bearish. With BTC falling, it's likely that alts will follow.
In this analysis I'm looking at SOL's rising wedge formation that also functions as a potential bear flag pattern. In case we break out bearish, a major bullish support has been broken and more selling is to be expected.
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: Goldiam International
🔍 Description: Stock at pattern's strong support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
🔥 GMX Falling Wedge Continued: Reversal InboundAs of a few days ago, GMX has successfully bounced from the bottom support of the falling wedge pattern. With BTC trading sideways, it's likely that alts will see a surge because money flows away from sideways price action.
I'm looking at the top resistance of the pattern as a short-term target. Pattern is still bearish, so we're keeping our target close.
📊#BTC BREAKAWAY PATTERN appears, is a reversal imminent?💥🧠By observing the chart, I discovered one of my favorite PA models, and the RSI trading system also gave a long signal. And the wedge support line is strong enough, and I still firmly believe that liquidity is needed as fuel before falling.
HOLD👀
📊ETH BREAKAWAY PATTERN appears, is a reversal imminent?💥✔️Such a PA model also appeared in ETH, and the RSI trading system also gave a long signal at the same time.
SL can be placed in 1622.
If you don’t know this model, I will make a tutorial and publish it later.
💕Follow me to learn more trading tips💯
🔥 Watch This Short-Term Bitcoin Break Out Pattern!In continuation of my previous bearish BTC analyses, I spotted this triangle pattern which has been formed over the last couple of days.
Whilst it's a risky trade, the potential short-term gains are big enough for it to share with the rest of the community.
I'm waiting for the price to fall through the support, which can potentially signal a further fall in price. Stop above the most recent local high, target at 24.000
Balrampur Chini [Seasonal Swing] #Sugarso here is my seasonal swing pick balrampur chini you might have noticed that the price of sugar stocks generally rises during winter season & on chart its forming a classical Ascending Triangle Pattern.... here is my plan if it comes near support trendline after a good candle i will enter with 50% and rest on breakout of resistance, Or fully on Breakout
Do consult your financial advisor before making any investment decision this is only for educational purpose.
$25,000 Is The Price To HOLD: New Video Up!In a bull market, this blue horizontal line represents the lowest closing price between the point after all 6 MA's moved below the point of control and the point where all 6 MA's were no longer below the point of control.
This pattern has happened 3 other times in bitcoins history (2011, 2012, 2020, and now in 2023) but has not happened every cycle.
Nevertheless, when this price line is established, the price has never again closed below the line. Will we brake the pattern this cycle? Or will the pattern continue. What are your thoughts?
🔥 This Secret Bitcoin Pattern Will Make You RICH 🎯In this analysis I want to take a look at Bitcoin's long-term performance. Specifically, the performance of the last three bear markets and the following bull-markets. I'm omitting data from before 2014 because BTC was still in it's early growth phase and was basically only trading up.
As seen on the chart, Bitcoin bear- and bull-markets have been very similar.
3 red 6-month candles.
5 green 6-month candles.
Assuming that this pattern will continue to hold in the future, this assumes that the current candle will end up being red, and the following 4 candles will be green. In other words, we will close this year below ~31.000 and see 4 green 6-month candles in a row, with the start of the next bear market being January 2026.
Keep this in mind when trading in the next few years, it can potentially save you or make you good money.
🔥 HBAR Waiting For THIS Perfect EntryHBAR has been trading inside a bullish channel for over a year at this point. This trade assumes that the channel pattern will continue to play out in the future.
I'm waiting for more bearishness for this token. Ideally, we're going to move down towards the bottom support of the pattern. Placing an entry at the support, SL below the June lows with a target at the top resistance will result in a very good R/R trade. Patience is key here.
Gold fill fly morecurrently gold is trading in a bearish wedge pattern n D1 chart.Also it has been reacting for the 1910-1912 very strong resistance and the EMA 200 was supporting for the rejection
the situations like this what we can expect the higher rejection to the upside is possible .if gold trade above 1920 and behave steady above that area will move gold to 1929-30 strong resistance
Triangle idea- retest and continuation.This can be a potential triangle pattern. It is drawn two lines between the strongest and most recent reaction zones. I think the price will bounce back up to create a third touch in center where the two lines crosses before making its way down in the major trend.
Xau/UsdHello traders!
In my opinion, the xau/usd pair is a buy because the price has broken the neckilne and we are waiting to enter trading if the price breaks the level of (1094.50) with a target of (1933.80) and 1961.00. Don't forget SL (1885.00)
Wait to enter the trade! Be careful!
Don`t forget to look at the economic calendar!
MAKE MONEY AND ENJOY LIFE 💰
THANK YOU!
GOOD LUCK!
🙏🏻🙏🏻🙏🏻
Is this a good time to buy RIOT ? LONGRIOT has had a downfall in the past month on the 1H chart. The crypto
market had a resurgence and is now in the dog days of crypto summer.
The MACD shows some bullish divergence.
The volume profile shows most of the buying was in the 16-17 range. RIOT
is far below that with relative volume voids in any movement back to that level.
I see this as a long trade setup with 30-40% upside on the stock and much more
in a one or two month call contract. If you would like to know my parameters on
a long stock trade or call options please leave a comment. ( please also see
my BTBT post, like and subscribe).
Microsoft -> A Long Term Double Top?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Microsoft💪
On the monthly timeframe you can see that Microsoft stock once again retested the previous all time high at the $340 level and once again rejected it towards the downside.
You can also see that after the recent retracement on Microsoft, MSFT stock is approaching previous structure at the $320 level from which we could see a short term bullish bounce.
And last but not least I am just waiting for the daily timeframe to shift back to a bullish market before I then do expect a short term rejection away from the daily and weekly support area.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
🔥 KuCoin Token 2-Year Falling Wedge: Patience!If you enjoy this analysis, please give it a like and a follow.
KCS has been falling since late 2021. The token held up fine initially, but the real pain started after April 2022 where it started trading a lot weaker compared to Bitcoin and BNB.
This prolonged period of bearishness and relative weakness has most likely to do with drying up volume on all exchanges, small exchanges especially.
Nevertheless, there might be a light at the end of this dark tunnel. Falling wedges are classically bullish reversal patterns, so we are looking for a break out in the next few months.
KCS is not ready for a break out yet. I think we still have to trade within this pattern for a couple of months before a real break out can happen. Will come back to this trade by then.
For now, I think we can (in the long-term) move back to the all-time high around 28$. This, combined with a stop below the pattern's support will lead to a great risk-reward trade.
EURUSD Trade Recap 11th August 2023Breakeven taken on EURUSD last Friday, very happy with the management. Full explanation in the recap.
🧠Emotional Log
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**Pre-Trade**
I understand all the confluences within my thesis, I accept this risk as I know if it is a loss I clearly understand exactly why I took to the trade. My stop is protected and if price takes me out there is a chance it is forming something else anyway. Do not be greedy, but also do not hesitate. These are the trades I must allow myself to take.
**During Trade**
My stop is protected, allow price to do its thing. My entry is valid, and I understand structure over candlesticks. I utilised the timeframes as best I could, working from the 1H structure filtering down to the 15M without jumping in. Do not choke the trade, mini 90% rule is in play so let price do its thing.
**Post-Trade**
I understand that price created a mini scoop for a much sharper entry, however, how can we guarantee this will always happen. My entry was valid, and stop was protected, I understood the 90% rule kicking in and managed risk accordingly to price action on the 1H. Nothing more I could have done in this situation and capital was protected.
Areas to accumulate XRP.If the price of XRP goes up then this talking point is moot. However, if XRP continues to consolidate then any buys below the RED LINE and above the GREEN LINE are a good buy. Any buys below the GREEN LINE and above the YELLOW line are a great buy. And any buys below the YELLOW LINE are a fantastic buy!
Don't put all your eggs in one basket, and don't fill the basket in one trip!