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Bullish Engulfing

BTC- Accumulation modeThis week is nothing but reverse bart patterns and scam wicks! I guess this is the result of decreased liquidity caused by the slowly declining volume during the consolidation phase. Bitmex is trading below 2 billion volume as of now, yet open interest is on the slow ascending trend. This tells me the accumulation is taking place possibly by big fishes. In addition, volatility is slowly ticking up as well. Other signs to pay attention to- CME open interest and volume going up + Backwardation + USDT premium going up As we all now, low volume is a precursor to the high volatility move... As long as 8.4k is defended, I will continue my buy on the dip mode!
BITFINEX:BTCUSDLong
by Libratus
{SWC}——KRONO, Bullish Engulfing!Thank you for your continued support :) Strategy: Price-Volume Analysis Bias: Bullish. KRONO has made a successful triangle breakout with volume today, after well supported on the uptrend line and short term MA line. SWC's private group members were informed over the weekend that KRONO is reaching MA support zone and should take note! KRONO has formed bullish engulfing candlestick pattern too. SWC expects there will be more momentum generated following the breakout, where positive movement should be seen at near term. S: 0.880, 0.865 R: 0.935, 0.950 If you found this idea helpful, do not be hesitant to leave us a like or comment! :)
MYX:KRONOLong
by ShareWorldConsulting
CADJPY Ascending/Descending Channel Support Zone ConfluenceSTRATEGY: Chart Patter/S&R Strategy (Ascending and Descending Channel) Focus TF: 4H TP Target: 2.04R ET: 1H - Abandoned Baby; Bullish Engulfing AOV: Ascending and Descending Channels' Support Zone (Confluence) 1D Analysis: Long Term - Price moving inside a large Ascending Channel. Short Term - Inside Ascending Channel, there's a Descending Channel and the price approached both Large Ascending and Descending Channels' Support Zone. Pin Bars occurred on the Support Zone showing rejection of the area. There is a high probability that the price will bounce and hit the Major Resistance (Horizontal) area. 4H Analysis: Price struggled to create a new low, showing mini consolidation and price rejection of the Support Zone 1H Analysis: ET: - Abandoned Baby - Bullish Engulfing - Series of Bullish Engulfing occurred on 1H TF. These are a great sign that price is ready to bounce and go up. Note: This post is my personal journal/opinion only. Please trade at your own risk.
Long
by jumpstartscript
#DNT : Upto 150% Profits For The Mid Term#Accumulatio_Recommendation Pair : #DNT / #BTC Trading Platform : #Binance RSI : 59 TA Notes : - MACD : Looking bullish on the daily chart. - RSI : Looking bullish too for the short the short term being in a neutral position form but going to move towards the overbought area in the mean time. EMA : Already below the price level indicating a good reversal bull trend. - Volume : Trying to have energy at the current 1D chart by the past 2 days and if it can continue like it is performing right now like almost many altcoins are doing it can be considered as a strong indication for a reversal move. - Candl Stick formation is also looking very good at the moment continuing the formation of a bullish engulf candle from yesterdays close. #Accumulation_Zone : 65 sats - 75 sats Distribution_Zone: Target 1 : 82 sats Target 2 : 91 sats Target 3 : 97 sats Target 4 : 110 sats Target 5 : 123 sats Mid To Longer Term Targets Target 6 : 141 sats Target 7 : 151 sats Target 8 : 163 sats+ STOPLOSS : Close below 56 sats Risk : High Capital Accumulation : 3% @TogetherWeAccumulate
DLong
by cryptotalk_et
Price action signalled a buyBullish engulfing completed after the resistance broke. This is confirmation from price action for the bulls to resume. For this type of setup stops are best placed below the engulfing bar and the target is at least 1:2 risk to reward or next resistance level (if it has good RRR) Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Long
by Cmasterza
#REN : Upto 75% Profits Opportunity In The Mid Term.#Accumulation_Recommendation Pair : #REN / #BTC Technical Analysis Pattern Creation : On the daily time frame of REN and BTC pair on Binance we have seen that a creation of a bullish engulfing candle stick with a good shape of a falling wedge. It is still trying to break out from the falling wedge and can't be considered as a confirmed call unless we see a close above the resistance line of the triangle. Indications : Volume showed a very good amount of increase on the yesterday candle but is currently showing a slow and decreasing volume level on today's scenario. This might be taken as an indication for a false pump if the trading volume continues to decline further by the following days. - RSI looking good and on favor of the bulls but we still need a cross over by the MACD lines and seems to be on the way though. EMA is still above the current price at around 877 sats and need to go further downward below the price for a confirmed call. Note : For a confirmed and confident trading move we need to break the price level represented by the red circle on the chart. And Volume needs to continue to be flood in for a more bullish trend too. Even though its looks a risky trade at the moment, using a strict stop loss and risk management we can have a good profit for the mid term. Accumulation Price Area : 790 sats - 820 sats Distribution Targets Target 1 : 872 sats Target 2 : 920 sats Target 3 : 973 sats Target 4 : 1055 sats Mid Term Targets Target 5 : 1137 sats Target 6 : 1202 sats Target 7 : 1254 sats Target 8 : 1402 sats+ Stop Loss : 681 sats Capital Accumulation : 3% Risk : High @Togetherweaccumulate
RLong
by cryptotalk_et
7
btc closes weekly candle as a bullish engulfing candle!time to buckle up and enjoy the ride! We have currently retested the double bottom neckline and should confirm a daily higher high on the next 1 day candle...that along with the 3 day golden cross and the weekly closing as a bullish engulfing candle means there are bull signs everywhere! There still a slight possibility on this first attempt to trigger the double bottom that bearwhales could still dump us back down even all the way to 8.5k or even 7.2k on a fakeout...but as long as we achieve the higher high on the daily which I strongly believe we will....we could do a fakeout and dump here and still very easily rebound around that zone and still trigger the double bottom. I'm not relying on or waiting for a dump like that to occur but will have a little bit of fiat ready to buy a dip like that should the opportunity arise.
COINBASE:BTCUSDLong
by DrDovetail
GROW Double BottomDowntrend over last few weeks may be over as todays bullish engulfing shows signs of reversal. Watch for break of 0.35 to confirm bull break from falling wedge. Close above 0.35 would also be a hammer on the weekly chart. Good buy right now with strong support at 0.30, price target at recent tops of 0.51, potentially higher with any good news releases. Upcoming catalysts include new contract signings, approval for use of technology on cannabis and more agro-industrial partnerships.
TSXV:GROWLong
by Unlikely-Bite
1
If wedge breaks up on current 4hr candle target= 11.9kI was anticipating we would break out of the wedge slightly lower here bu considering the previous 4hr candle closed as a bullish engulfing candle we could close the current one above the wedge and maybe even break here...if no I anticipate the 9924 horizontal will be the zone we break up from. I still think its quite likely we will be retesting the 1 day 50ma again before the larger 1 day and weekly consolidation is through.
COINBASE:BTCUSDLong
by DrDovetail