Get started

Doji

Bottom Feeder Trade off momentum and market structure.*Entertainment Purposes Only, not trade advice. DYOR I really like the story behind this coin. Consistently in top 100 cryptos. On multiple exchanges. It does have a lot of outstanding coins though. Reasons for trade: Location it is between .618-.786 and at .786 off two different fibs (double entry zones) from most recent highs. It's near the bottom of its range from 4/2019. To the upside, there are a lot of gaps, wicks, and huge potential. It looks like an unconfirmed W might becoming in price action right in the entry zone, double powerful. It has a couple MACD divergences, one of them confirmed. Most recently, MACD and Price converge. There is volume starting to come in. Like the green bar action. Multiple moving average confluence. Willy has a cross and is coming out of oversold. OBV crossed the EMA. And there is market structure in the indicators: OBV, MACD, and Willy, and PA has a potential W brewing. Double dojis on daily. There is "saucer bottom" action for over a year. Trade Entry: Took fib off recent candle body (even though it hasn't closed) will try to sneak in a little pull back at 26 sats. Less than .05% of capital. Profit Target: 52 Sats at a double, sell half my position. Potentially feed the market at parking garage locations drawn from fib extension if PA W confirms. Risk: Willing to risk to zero. BITTREX:SCBTC
Long
by Cryptough
7
Tristar pattern on USOIL 15 minute chartHappy Friday oil traders! I just noticed this Tristar on the 15 minute chart for USOIL. I had never seen 3 dojis in a row so I had to look it up. According to my reference, a Tristar is 3 doji candlesticks that appear at the end of a run, either long or short. They typically indicate a change in direction. Considering the decline in oil today, maybe this is an indication of some upward movement. If so, trade with caution, and use your stops accordingly. Trade safe, and have a great weekend!
FX:USOILLong
by Trade4God
EURJPY- QUICK LONG OPPORTUNITY COMING UPWAIT FOR A CONFIRMATION BEFORE ENTRY, PRICE STILL IMPULSIVE. As we can see price is forming a series of higher highs and higher lows, we are also respecting this ascending TL which is currently being tested as support along with the 78.6 fib level. If these two confluences holdout I am waiting for a confirmation to go long (e.g a candlestick that closes above the 50EMA, or a doji, etc). Would only be looking to target previous highs as price has not been above this level since FEB 2019 therefore it is likely sellers will take control there. Not the best risk/reward however highly probable set up if we get the right candlestick formation.
Long
by TheBearTrader1
BITCOIN BEARISH - 10,500 coming??Hey there, Please support this idea with your likes and follow me here on TV if you don't want to miss out! Bitcoin recently broke bearish after creating a fake out scenario, wicking to 12,400. We now got a retest of a major support trendline in bear flag formation. Too many still want to buy this dip, which concerns me quite a bit. For now the target is between 10,700 and 10000, but if 10,000 is really reached, then I think this will only be very breafly and will create a huge bullish wick and a doji candlestick. For now I am short Bitcoin and Ethereum. Cheers, Konrad
BITMEX:BTCUSD.PShort
by EnlightenedTrading
📖 Japanese candlestick charts. Part 1We are beginning a new theme “Trading strategy’s most important technical analysis tools”. Today we are going to tell you about the most important things in trading, candlesticks! 📌Japanese candlestick charts were developed in the 17th-18th centuries by the Japanese rice traders. They were introduced to trading by Steve Nison in the 20th century. It's a simple, but very important tool for technical analysis, as these candlesticks contain different information about the market. I guess that everyone in this channel already knows how to read candlesticks, so we are going to talk about their usage. ⚡️First — its form, this shows market participants’ state and mood. It could show their doubts/balance (doji) or trend exhaustion (graph looks like a hammer or a falling star). There are only a few main models, and we are going to talk about them in the future. However, you can start learning about them yourself by saving the screenshot below. ⚡️Candlesticks show reversals and it is what we need in trading. By trading reversals you are catching the trend, it could be short or long. However, you will be able to understand when the trend is exhausting and you will be able to leave trade when there is a reversal. In addition to the presence of the reversal pattern itself, the preceding trend is important, you have to have at least 3 candles. If there isn’t a clear trend, then there is no trade. Additionally, we are looking at the candlesticks’ volumes and how trading continues after the last reversal pattern. We are entering position not on the reversal candlesticks, but on the following ones after the trade (or candlestick above/below fixation, depending on a situation)! Reversal setup is a needed factor, but it's not enough to enter a trade. 📌 And these are not all of the necessary conditions for implementation! You have to understand that you are getting rid of risky positions that not only will give you headache but could also result in losses. You should only trade in situations where you are confident in, the confidence is achieved by fulfilling very certain conditions, of which only few people in the market know about. Continued in part 2.
Education
by I.T.Analytics
24
📖 Japanese candlestick charts. Part 2Hello, we continue to study candlesticks. ⚡️ Maximal/minimal 🔶 For this it is desirable for reversal candlestick to have its own high/low. In addition to the convenience of placing stop-loss on them, its own minimum/maximum also increases the chances for a long term trend after such reversal. The reason for this is in the market reflectivity, all the patterns don’t just work on their own, but they also contain market’s psychology and the methodology of huge amounts of smart money. When there is a decrease in demand and supply, smart money form the least resistant trend, and they trade! 🔶 You have probably noticed a few times that the figure’s/pattern’s price could move into the opposite direction that you expected. There are reasons for that, patterns have the necessary to complete conditions, simply of which not many know about. Even if all the necessary conditions are complete while forming a pattern, there is always a chance that the price will go opposite direction due to a number of reasons, of which we are going to talk about later. Now, you should note that its important to analyse candlesticks, as they help you to minimize risk while trading patterns. 🔶 Even though candlesticks look simple, they are a solid foundation for successful trading. They help you to find the optimal points to enter and exit trading in any patterns or whether you are trading using levels, or even if you are witnessing “third Elliott wave”... This is just a small bit of information about such a simple tool called Japanese candlesticks. 📌 Hint: if a trend is moving into a higher timeframe, you should also move to the same timeframe and start searching for reversal candlestick models at a long distance. This gives you the opportunity to trade for the entire trend duration. ⚡️ Harami 🔶 "Uptake", "Hammer" and "Cloud Silver Lining" models are common reversal patterns. There are many more forms in candlestick analysis that indicate an forthcoming reversal. One of them is the "Harami" pattern: the first candlestick is large, and the second one is small, it may be a "Spinning Top" or a "Doji", but in any case, the figure of the second candlestick is inside the first one's figure. They appear both at the top of the market and at the bottom. 🔶 The peculiarity of the "Harami" model is the uncertainty of the market at the time of its appearance. Therefore, it is recommended to wait for confirmation. 📌 The following candlestick of the corresponding color can act as confirmation: green for a bullish reversal, and red for a bearish one.
Education
by I.T.Analytics