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Doji

Bearish Hammer Plus Churn Doji On Week ChartI've updated my volume indicator to emphasize hammer bars. The usual pattern is: 1.) Hammer bar with wick hanging out in the middle of space. On volume indicator these are colored bright red or green. 2.) Highish volume but low range doji which indicates churning where the bulls and bears actively fight but are not able to move price very much. On volume indicator these are colored yellow. 3.) Trend bars - price typically breaks away from the wick of the hammer which was the initial rejection area. On volume indicator these are colored dark red or green. The hammer and churn doji recently completed on the week chart for BTC so I am watching very closely for a double top on lower timeframes because I expect a big downward trend bar to appear within a month.
BITSTAMP:BTCUSDShort
by mljones
MO trading idea + Technical analysisA lot happening with this name. Short case: - Doji confirmation following the hanging man 6 days prior. - Steep wedge pattern - Extremely low VIX momentum - RSI over-extended - Negative divergences on lower time-frames - Currently sitting at potential profit taking resistance of Inv. H&S Long Case: - Wedge is still intact - Above 20, 50 and 200 MA on daily - Increasing Volume - RSI can stay Over-brought for as long as it wants - No RSI divergences on Longer time frames (i.e Daily, weekly...) NOTE: Nothing here is looking at Fundamentals of the company, only Tech.
NYSE:MOShort
by PartTimeGenius
Wow! What a dogi!! Incoming ... Big Candles!I first published this chart set up via screen shots posted to twitter. Feb 23rd, 2019 See @golftothecore on twitter. This setup was posted just after the last giant narrow dogi with long wicks above and below (red dogi). I added the "slam down zone" on March 8th. Again, check the twitter. This chart set up was a word to the FOMO crowd ... Exercise due diligence and wait for the market to come to you. Make your own f**king coffee, skip Starbucks, and put lottery money in. Stop buying scratch offs and DCA BTC at the bottoms of long red candles ... BTC fell right into my first purple zone. Incoming, Incoming! Giant candle! This is the first time I am publishing to Tradingview. Cheers, Jeffrey Jay Moore
BITFINEX:BTCUSDEducation
by toeintocrypto
Bitcoin Daily Update (day 302)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: P < L MA < S MA < M MA | Watch out for death cross Patterns: Phase 7 hyperwave | Parallel channel Horizontals: R: $4,070 | S: $3,581 Parabolic SAR: $4,068 Futures Curve: Backwardation with widening spread BTCUSDSHORTS: Starting to pick back up Funding Rates: Longs receive 0.1256% TD’ Sequential: R3 Ichimoku Cloud: Price is fighting hard to reenter that cloud. Relative Strength Index: Sticking below 50 Price Action: 24h: -0.4% | 2w: -5.9% | 1m: +5.5% Bollinger Bands: Starting to trend bearish with price below MA Stochastic Oscillator: Quickly pulling back to oversold territory. Summary: Very unimpressed with the reaction that we are seeing from horizontal support. I wanted to see an immediate response in order to be confident that the breakdown on Wednesday was a shakeout before a 50%+ dead cat bounce. On the other hand I was watching for a close below yesterday’s low to provide final confirmation to exit longs and start scaling into shorts. Neither of those occured and that has me scratching my head. Bitcoin closed a doji that never fell below yesterday’s lows and that could be viewed as bears running out of ammunition under $3,800. However the longer we stay below the 33 MA (currently at $3,715) the more confident I will be that bears are maintaining control. If we hold here long enough for a death cross to occur then I will be moving very quickly into some short positions. There are a couple reasons why I am remaining tentatively bullish and considering adding to my long position after today’s close and that is the futures curve. Not only is it experiencing backwardation but the spread is increasing from 3% to 3.8% over the last 24 hours. Generally I would stay out of the markets when the waters are this murky. However, I believe that the backwardation with a widening spread is a strong enough indicator in and of itself for me to act on. The risk:reward also favors bulls in this area. Furthermore the funding rates have been very expensive over the past 24 hours for short sellers, about 10X the average. This is as important to me as the BTCUSDSHORTS chart which is showing a lack of short selling. When funding rates are this expensive for shorts then it tells me that BTCUSDSHORTS chart is not painting the full picture.
BITMEX:BTCUSD.P
by Sawcruhteez
4
GBPNZD DAY BEST LUCKY STAR DOJI STRATEGYTrading Doji candlestick as a stand-alone trigger signal is a bad idea. Price usually whipsaws around doji. Note #1: In technical analysis, the Doji candle is a neutral pattern if it’s used as a stand-alone candlestick. However, if the Doji candle it’s used in conjunction with the preceding price, we can establish a bullish or bearish bias. A whipsaw pattern involves price moving chaotically above and below a certain key support and resistance level. Whipsaw patterns are also referred to as false breakouts. We have developed our Japanese Doji trading strategy around this price feature. Step #1: For short trades we need a steady move downward, below the 14 –day MA Even though most traders used this Japanese candlestick pattern as a reversal pattern, we have found out through some testing that the Doji candle performs best as a continuation pattern. So the first step we need to undertake is to determine the trend direction. When we see the price moving steady downwards below the 14-day MA we have enough reasons to believe a downtrend is in progress. Step #2: Look for a Doji Candlestick to develop near the 14-day MA and inside the previous candle price range. Next, there are two more conditions that need to be satisfied for a valid trade setup. The first thing to consider is the location of the candlestick setup. We need the Doji candle to develop near the 14-period MA. Secondly, we need the Doji candle to be contained inside the price range of the previous pattern. Basically, this will lead to the formation of another pattern called an inside bar. So, we have a pattern within a pattern. Step #3: Whipsaw pattern: Look for a false breakout above the previous two-bar pattern. Go short once we recover and break below the Doji candle opening price Now, we’re going to bring to light how we use the whipsaw pattern to our advantage. The Doji candles are very well-known candlestick patterns for producing a lot of false breakouts. We also know that a break of a level against the prevailing trend has fewer chances to success. So, by putting all these pieces of the puzzle together we were able to develop one of the best Doji strategies, which eliminate the scenario where your stop loss is prematurely triggered. After the false breakout, we wait for the price to recover and we only sell once we get price breakouts the bearish Doji candle opening price. Note #2: We want everything to happen within the first candle after the Doji bar. So the false breakout and our entry should be immediately on the next bar following the Doji candlestick. Let’s now determine an appropriate place to hide our protective stop loss and a proper way to exit our trade. Step #4: Place protective SL above the current daily candle high. Take profit once we break below the inside bar pattern or a support level. We aren’t going to stay in this trade for a very long period of time. That’s the reason why we exit our profitable trade once we break below the inside bar pattern or nearest sup/res. When it comes to placing our protective stop loss, we can hide it above the high of the candle that triggered our entry. Long trade is just opposite setups.
Short
by Tradingstrategyguides
NZD/USD Trend Continuation: Channel Formation, Bull Flag on 4HNZD/USD has been bullish as of recently so we follow trend continuation. We are currently in a corrective state, but approaching structure levels. We see a trend channel that price is following, so if we continue this channel we should expect movement to the upside since we just finished a corrective wave. We can also see a large bull flag formation. If this is valid, and we see a break of the upper resistance of the channel, we should also expect further bullish movement. We see two bullish doji candles (circled in blue) which should be followed by a bullish move RSI is not oversold or overbought = room for movement in either direction
Long
by AidanMDang