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BTC H&S Structures- it's always interesting to check the past and learn from it. - Sometimes you will find ways to find the future. - On this messy graph, i posted some H&S and inversed H&S Patterns. - i didn't post them all (but have more), i didn't want add more mess :D - Check support and resistances on H&S dotted lines. - Check colored bubbles like always. - This is not a trade recommendation or a prediction. - imho for now and until Halving better stay out of markets and buy pop corns. Happy Tr4Ding
COINBASE:BTCUSD
by thecryer
2
USDCHF BULLISH H&S FORMATION SAXO:USDCHF One of the fundamental pair to trade, a great indicator due to the independency and stability of the Frank. What we can observe on the 4H chart is tilt, not completed head and shoulders formation with proportional arms. The third peak has clearly bounced off the support line cross with the figure baseline. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
3
Devouring Netflix with Point&Figure analysis. Market Top. SHORT.Netflix hit an all-time high, then corrected. It crept below the uptrend line but didn't generate a sell-signal below it. It passed back above the uptrend line but hit the resistance roof. Again, it just crept below the uptrend line but without a sell-signal, suggesting that the trendline is acting as support, albeit loose support. The price climbed above again but then broke the uptrend line and generated a Double-Bottom sell-signal. Following the double-bottom sell, it fell by a further two boxes before being supported by the original uptrend line. It then rallied upwards but couldn't reach the second uptrend line which suggests this trendline now may switch to a resistance role. The price sunk below the original trendline for the first time and generated another double-bottom sell at the level of penetration, falling a further two boxes after the double-bottom signal box. It barely snuck above the original trendline before sinking down, albeit at a higher low. What followed was a strong rally which broke through the original trendline but was met with resistance from the most validated trendline. After very brief congestion, the price rallied through the most validated trendline by 4 boxes. This questioned the resistance power of this trendline. Though it is thought this 4 box rally above was an attempt to reach the previous all-time high. A pole developed and sunk the price through this trendline and then the original trendline again, and created a triple-bottom sell. The next X column failed to come close the original trendline. A catapult then formed with a double-bottom after the triple-bottom. The next X column failed to touch the original trendline before another double-bottom sell-signal was generated. Two downtrend lines have now formed but the area of support is yet to be full broken. My impression is that we are experiencing a market top and that a potential reversal is imminent. Things to look out for: - Will minor downtrend be penetrated? - Will major downtrend line be penetrated? - Will the area of support be penetrated? For a short, anticipate: - the second downtrend line to be validated - the area of support to be penetrated - a double-bottom sell-signal or better
NASDAQ:NFLXShort
by owk13
BTC / USD Short scenario (unlikely) Zone. Figure "Cat Ears"Supplement to yesterday’s trading ideas about BTC / USD, as in the previous trading idea, I showed an important zone from which everything is decided, but did not show the formation itself that can form in case of breakdown and price fixing below a downtrend secondary trend. If the price breaks the downtrend line and consolidates below it, the price will go back into the downtrend. This confirms a very rare figure - "Cat ears" . I did not meet her on highly liquid TOP 10 instruments. But you need to know everything, even that which seems unlikely. This formation is generated by the fact that a major player (altcoin market maker) for a long time holds one price zone (usually this is the area where the main position was set) and all attempts to raise the price and reverse the trend fail. At one point, the strength and desire to keep this zone are running out and there is a breakthrough of the scalp level (zone of support of the figure). Short Entry Short entry when the price breaks the downtrend and the scalp zone and consolidates below it. It is also worth noting that there must be a large volume of seller. Target Typically, this is the height of growth of the right “Ear” formation. From the zone of breaking through the scalp level. In this case, it is -30%. In such cases, I leave 80% of the planned movement. The target is the line of the downtrend internal channel. Stop loss In our case, above the key resistance levels during your entry into the market. The zone and conditions on which the embodiment of this scenario will depend on I showed on the graph. _______________________________________________________ An example of this formation is where I traded. I have described in great detail about the Cat's Ears formation and all the nuances of working in this figure in this training idea using the example of the BCN / BTC pair: EDUCATION Figure "Cat Ears" A rare bear figure. BCN / BTC example BCN / BTC 1 day. The figure and target have fully worked out.
BITSTAMP:BTCUSDShort
by SpartaBTC
4
DENT / BTC Falling Wedge. Pivot points. Potential + 60-120%DENT / BTC Falling Wedge. I showed the zone for observation and the pivot point on the chart. The potential for working out the figure "Descending Wedge" + 60-120% Levels on the chart. Entrance is only on a wedge breakout or on a rollback after a breakthrough. Do not freeze money in coins! Time is money! Stop loss Under key support levels during your entry into the market. Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
by SpartaBTC
BCN (Bytecoin). 1 target wedge + 50%. Rounded bottom + 371%BCN (Bytecoin) A rounded bottom is formed. We are now in the 2nd phase of the formation of this global, long-forming figure. In the second phase, trading volumes are at a minimum. The coin is not interesting to anyone, "faith is killed," the price is at a historic low, the dump is over. The second phase of the formation of this figure differs in equalizing prices after the dump and a decrease in trading volume. In most cases, such long-forming formations as a rounded bottom become turning figures of trends. But this does not always happen. Therefore, it is very important that this is the correct entry and exit point in case the price goes against you. It’s better to buy a little more expensive, but it’s already in the birth of an uptrend, than to buy at the bottom and get stuck with this coin. Volatility also decreased; at the local level, the coin formed a small downward wedge. The purpose of this wedge + 50% This will be the first target. Here is the penetration of this wedge and it will be possible to move to the 3rd phase of the formation of the figure "Round bottom". And the beginning of an uptrend. The maximum target for the “Rounded bottom” figure (Saucer, Cup) is the resistance of this formation + 371%. If the price breaks through the resistance of the figure of the cup and fixes above it , thereby confirming the reversal of the global trend, the next target is the height to the depth of the cup, the same 370%. And this is more than + 700% of current prices. Let me remind you BCN (Bytecoin) is an old coin for pumping. Pumps in the past were hundreds of percent and repeatedly. Monero Top Coin Monero (XMR) is a fork of this coin! Probably few people know about this, as it was a very long time .... Target: 1) + 50% (fast trading). 2) + 171% 3) + 271% 4) +700% 1) Entrance on a wedge breakout or rollback after a breakthrough if short-term trading. 2) Entrance at the beginning of the 3rd phase of the formation of the "Cup" figure when confirming a local uptrend. Stop Loos - under the support level of the foundation of this formation, set the Stop Loos value with the calculation of your trading strategy and money management. Remember that on such coins, due to weak liquidity, ballast is easily reset before a market turn. So your Stop Loos may be among this ballast. What matters is not the Stop Loos value, but the entry point!
Long
by SpartaBTC
7
Altseason? Yes. Cryptos are in the beginning of a new bull cycleLong term view . ETHEREUM.BITCOIN. LITECOIN. Three major cap crypto assets: accumulation structures complete. It’s time to zoom out and focus on the big picture . All the major caps have finally confirmed their accumulation structures. Let’s review the price history of the last two years in the crypto ecosystem. The first signs of institutional value buying after the spectacular 2017 bull run came in the second half of 2018 (1) . Demand is consistent on the aggressive rally at point (2) , suggesting strength. The reaction (3) is an important clue. The downmove is very laborious, and volume is decreasing. It’s just take profit after the quick run. The Composite Operator is not actively selling. We have analyzed these structures and discussed the bullish scenario at the Best of Wyckoff Conference in early September. However, Wyckoffians do not chase the trend and wait for confirmations. The confirmation of the reaccumulation structures comes finally in January at point (3 ). The laborious reaction has produced a higher low on low volume, a very bullish sign. Supply has been absorbed. Price quickly rises on average demand (Ease of Movement to the upside) (4) . The double bottom formation on Ethereum and Litecoin is complete. Highly volatile assets like cryptocurrencies generates huge PnF counts in relatively shorts period of time. A two year reaccumulation in this asset class is a major event that suggest that we are at the beginning of a major bull run reminiscent of 2016-2017 . We will post accurate PnF counts for all big , mid and small caps in the next reports. Full analysis available for free Weekly Crypto Report here www.wyckoffanalytics.com Weekly Crypto Report: This week: The big picture. Cryptocurrencies are in the beginning of a new bull market. Long term analysis. Weekly Review: Bitcoin, Ethereum, Litecoin, Ripple, BSV Question: Altcoin/Bitcoin outperformance (Alt-season) & PnF Charts.
BITSTAMP:LTCUSDLong
by Wyckoff_Analytics
Figure "Cat Ears" A rare bear figure. BCN / BTC exampleAn example of this figure is on a BCN / BTC coin. A very rare figure, sometimes found in its various versions on altcoins. I have never met her on TOP 10 altcoins. This formation is generated by the fact that a major player (altcoin market maker) for a long time holds one price zone (usually this is the area where the main position was set) and all attempts to raise the price and reverse the trend fail. At one point, the strength and desire to keep this zone are running out and there is a breakthrough of the scalp level (zone of support of the figure). The Cat Ears shape is a bear formation. It arises only in a bear market and predicts a further decline in prices. Visually, it resembles a combination of the "Double Peak" and "Failed Cup" formations. The figure "Cat Ears" is named because of the apparent external resemblance to the ears of a cat. The figure is a rare, but reliable figure, and gives a clear price goal. The usual duration of the formation of the "Cat Ears" figure is from 10 to 60 days. This figure is very misleading in the sense that the presence of a horizontal cluster zone (“scalp”) gives a false impression that the price has reached very strong support. The left and right ears try to deceive the trader, making them believe that the price shows signs of strong interest of buyers. In fact, the return of the price to the scalp line (support) after the formation of the right ear is an indication that interest in purchases is short-term. ________________________________________ Phase shaping. "Cat ears" is formed of 6 phases: 1) Downtrend. Price is in a strong downtrend. 2) Pause . The price pauses for a while and fluctuates in sideways movement. 3) "Left ear. " The price shoots up, then quickly returns, forming the "left cat's ear". 4) The scalp . The price again fluctuates in lateral movement, forming a "cat scalp." 5) "The right ear. " Price fires a second shot, but returns again, forming the "right cat's ear." 6) Breakthrough. Continuation of the downtrend. The price breaks through the scalp line (support line) and the downtrend continues. _______________________________ Various formation options "Ears" left / right - can have different heights. The scalp line may be slightly above or below phase 2 (“pauses”). In most cases, this figure is formed during 6 phases, but in very rare cases it happens that phase 2 - “pause” is absent. Or vice versa, when phase 2 is very long and volatile, and it appears that the price is on the “reinforced concrete bottom”. But, then further formation of the “Cat Ears” figure - makes it clear that the downtrend will continue. All these variations of this figure have only one continuation - the resumption of a downtrend. _______________________________ Formation and volume change. As one would expect, during the formation of the “Cat Ears” figure, the volume is usually average or even at low values. Short-term volume increases may occur at the tops of the left and right “ears”. The lowest volume is observed in the "scalp" phase (between the "Ears"). Penetration of the Scalp support line can occur with a high volume, and any attempt to roll back to the scalp line is usually accompanied by a low volume. Often, volume surges can be observed at the beginning of phase 2 and at the lower points of the left ear. There are sometimes cases when the volume on the right “ear” is higher than on the left. This is due to the fact that when the price returns to the scalp line after the formation of the right ear, there are many traders who bought at the last local peak and suffer losses. Roughly speaking, traders who believe in growth are trying to get out of position. Thus, the increased volume on the right “ear” may be similar to the behavior of the volumes in other cases, when the crowd is also trapped at the top. In the case of the “Cat Ears” figure, the price has already tried twice to go up (left and right “ears”), but could not do this and returned to the scalp line (support). If the price then falls below this line, negative technical factors will appear that will trigger panic sales. The downtrend will continue. It should be noted that the behavior of volumes is not significant for this figure, except in special cases, since the figure itself is a fairly strong bearish signal. ___________________________________ Setting target when working with a figure. After breaking through the support on the scalp line, we can expect a decrease in height in percent from the top of the Ear to the level of the Scalp. It is also important if the price is being traded in your favor, and according to the plan you should already fix the profit, then it is advisable to stay in position while you get additional profit instead of the planned one. But always remember - greed begets poverty.
BEducation
by SpartaBTC
1
TNB Pump Coin. Double bottom. Bullish pattern Target + 44% -100% The price fell from a maximum of 70 times!!! This coin is an asphalt paving machine along the road of hamsters that believed in it in the past. Just imagine how an investor feels, in which his investments after a year and a half have decreased by more than 70 times! Such a loss of value and the absence of the “Faith” of people in the prospects of the project already gives huge potential for short-term growth. Coin for speculation only! You can’t invest in such a thing!     Therefore, + 40-100% - these are only the first goals for working out the figure itself - a double bottom. The potential profit from a trend reversal in such a super “killed faith” coin is huge, perhaps hundreds percent! Scam is being traded on Binance. This is a very good sign. ________________________________________________ A TA figure is formed on the coin - a double bottom . Double bottom bullish pattern. Development goals and pivot points I showed on the chart. There are two options for entering the market: 1) from current prices. Who uses Stop Loss - under the support line. 2) the entrance to the breakthrough or pullback after the breakthrough of the resistance of the figure. Stop Loss - under the support line (former resistance of the figure is a double bottom). This coin clearly shows how Stop Loss gets lost. On the chart, I showed it. So whether you use Stop Loss or not, it's up to you.
T
by SpartaBTC
LTC / ETH Double bottom potential + 30%. Pivot pointsThere is nothing to describe here, entry after confirming the support level. 1 TARGET The level of the local maximum is + 15%, then watch how we will overcome this zone. Sometimes it happens that from this zone the price turns around and instead of the “Double bottom” figure, the “Triple bottom” figure begins to form. 2 TARGET Full working out of the figure + 30%. Stop loss Under key support levels during your entry into the market.
by SpartaBTC
14
NXT Super Profit or Death.Overly risky coin, but overly profitable. Coin only for temporary speculation, not for holding! The progenitor of the coin ANDOR (andr). The developers website says that they support the development of both coins. But according to the sad NXT schedule, this cannot be said. The coin is traded on top exchanges such as Polonix, Bitrex, HitBtc. The coin was pumped several times from + 700% , +1600% + 1700% ! This makes it clear why this coin was created and what work is preferable on it. What do we see on the chart? There was a downward wedge, after exiting from it, the price did not particularly make any price movements towards working out the goals of the wedge. Now there is a sideways movement, volatility is reduced. Lateral movement after leaving the wedge for 96 days (3 months). Perhaps this lateral movement of 3 months in length will act as the 2nd phase of a reversal of a very slowly forming figure "Round bottom" ("Saucer") . The descending wedge itself will act as the first phase of this formation. The target are impressive, if in reality this formation will be formed, then only up to the figure resistance + 480%. Entrance to the market - only at the beginning of the 3rd phase of the formation of the figure! It is very important. Because it is not clear whether it will really form. A relatively slow price increase will mean the beginning of this 3 phase formation of the figure "round bottom". Enter the market now "at the bottom", maybe get a "second bottom" as a gift. It is better to buy a little more expensive, but for sure, than cheap for good luck! If the price breaks through the support of the formation and consolidates below it, this will mean that there will be no trend reversal to the upward one at a given time, and you should refrain from buying. Here is another NXT developer coin - ANDOR coin (Andr). In my opinion, the ANDOR coin is less risky and more understandable in price movements. You also need to understand that this is a newer project of these developers, therefore they will add more time and effort to the development of the project, which will be well displayed on the price chart. Here is one of the latest trading ideas for the ANDOR coin which has already yielded about + 20%. Ardor channel movement in increments of 40%. Pivot points Let me remind you that NXT and ANDOR (Ardr) were created by the same people. NXT is the first project. ARDOR (Ardr) - the second project.
N
by SpartaBTC
2
Scam BSV Coin operation. Cheating movements. Pivot points. Made deceitful movements. We have broken down the previous trend. The price has fixed above the line of the previous downtrend. They showed a trend reversal. Then the impulse raised the price by + 45% and began to draw a symmetrical triangle, which supposedly should have been a pennant, with the goal of + 45%. But note the volume at the price increase was not! In general, the trading volume is zero, this scam is not interesting to anyone except the creators themselves. Pulses of flags and pennants are always accompanied by a large volume in comparison with conventional trading. A symmetrical triangle has been pierced down, now they will redraw it into the flag canvas (downward small channel). If in the fake flag canvas the support will not withstand the pressure of sellers, and the price will break this formation down. Then trade in a downtrend in a potential downtrend channel. I showed all pivot points on the chart. It is also worth noting, given that there is no volume and this scam is not interesting to anyone, developers can draw anything, including bullish movements to attract people, due to poor liquidity and the lack of a large crowd presence. Here are two interesting potential entry points: 1) entry from the bottom of the potential downward channel upon confirmation of support, price zone 0.010-0.011 in the short term. Take the movement in the channel about + 30%. 2) the entrance is above the downtrend line (red line, the upper border of the downtrend) when the price has fixed above it. The price zone is 0.015 in the near future if there is a price return, or lower in the long term, the main thing is that the price fixes above the downtrend.   All potential targets and pivot points are shown on the chart.
B
by SpartaBTC
15
CElR Falling Wedge Entry Points First target + 30-60% Merged 20XDescending wedge. The coin is now in a downtrend. Coin from the maximum price is merged more than 20 times! There were no significant kickbacks. Therefore, + 30-60% when breaking through the line of a local downtrend - these are only the first target for working out the pattern itself - a downward wedge. The potential profit in such a “dead faith” coin is huge! Scam is being traded on Binance. This is a very good sign. Also on the chart, I showed different entry points depending on the reaction of the price to resistance / support levels: 1) Entry during a breakthrough or rollback after a breakthrough of a downtrend line (wedge resistance). If you use Stop Loss - under the resistance line , if the price is above it. Also take into account the volatility of the coin, so as not to drop out at the beginning of growth. 2) Entry into the market when support for a downward wedge is confirmed. This is provided if the price now does not overcome the resistance of the wedge and begins to fall. Stop Loss under the support line . Also consider coin volatility.
by SpartaBTC
NEO A pennant is forming. Price in the corner. Potential + 45% NEO After breaking through the impulse of a global downtrend, which lasted almost a year, the price draws a canvas of a symmetrical upward pennant. The price is almost in the corner of the canvas, soon the denouement. Potential for working out the figure + 45%. This is the height of the flagpole of the figure. It is also worth noting that there was a large volume on the pulse, which acts as the flagpole of this figure. All pivot points and local levels on the reaction of which the further movement depends, I showed on the graph. See more global goals in a past trading idea that worked well. The entrance is on a breakthrough of the canvas or on a rollback of the price, depending on who has what trading strategy. It is worth noting that pennants work out impulse, and therefore there may not be a rollback after a breakthrough. Past trading idea. Published October 8th Result after 20 days + 47% ----------------------------------------------------------- Features, Pennant figures. 1) The emergence of such a model is preceded by a sharp movement in prices in the form of an almost straight line, accompanied by a significant volume of trade. 2) "Pennant" has an outline similar to a small horizontal symmetrical triangle. 3) "Pennant" are formed approximately in the middle of the price movement. 4) When a "pennant web" is formed, the volatility step and the trading volume decreases. 5) Trading volume increases when the "pennant web" breaks in the direction of the trend. 6) "Pennant" is formed more quickly with a downtrend. _____________________________________________________________ There are two types of Pennant for the trend: 1) "Ascending pennant ." 2) "Downward pennant ." _____________________________________________________________ a) “Ascending pennant” - a figure arising from the development of a strong impulse aimed at overcoming the resistance level . Its appearance on the chart is accompanied by a sharp increase in trading volumes, as a result of which one or two long ascending candles, called the “flagpole”, can be observed. Then, after the impulse reaches a certain strong price level, the formation of a “canvas” similar to a small triangle occurs. After which, in most cases, the further development of the current trend continues. b) “Downward pennant” - a figure absolutely identical to its ascending formation, but directed from top to bottom during the development of a strong trading impulse on a negative trend. Outwardly, the “descending pennant” differs from the ascending one only in direction. -_____________________________________________________________ In the form of "Pennant" is divided into three types: a) Symmetric pennant (which everyone is used to). b) Ascending Pennant . c) Downward Pennant. _____________________________________________________________ Trading options. Target. There are two main trading tactics for various Pennants: 1) Trade on the distance of the flagpole of the figure. 2) Trade at a distance of the maximum height of the instrument - the central part of the Pennant (the height of the "canvas" of the figure). It is also important if the price is being traded in your favor, and according to the plan you should already fix the profit, then it is advisable to stay in position while you get additional profit instead of the planned one. There must be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations.
Long
by SpartaBTC
4
MANA / BTC Formed figure Bowl (Saucer) First target + 110%Perhaps a Bowl figure will be formed (Saucer, Rounded Bottom). Target of the figure + 110% Price at historical minimum. 4 months in lateral movement. Price begins to rise slowly. It seems that we are at the beginning of the 3rd phase of the formation of the "Bowl" figure. The first Sales Goals are the “Bowls” resistance level zone. 600-670 satosh. Further on the situation, how the price will fix. Other target levels are the levels of the previous horizontal channel that existed for more than a year. 900, 1200, 1500, 1800 satosh. Stop Loss - the level of support of the "Bowl". (red level) - about 300 satoshi ___________________________________ I will describe this figure a bit: The Saucer shape, or as it is often called the Chalice, the Rounded bottom is a long-term figure that predicts long-term growth that looks like a concave arc. The figure is found on large timeframes. In most cases, on weeks, but on instruments that quickly go through their cycle (cryptocurrency), they can occur on a daily timeframe. The rounded bottom is quite rare, but very reliable bullish pattern. Typically, a pattern is formed at the end of a long-term “bearish trend” and usually gives a signal of a market reversal. It should be noted that the ideal symmetry of the figure is not a prerequisite. The main thing is the presence of its key components: the descent of the price, the bottom, the rise in price and the breaking of resistance. Ideally, the formation of the “Saucer” pattern usually occurs in a narrow price range, in a calm market with the least volatility, when a trend reversal occurs smoothly, without strong price spikes. If, however, price spikes occur, then very soon the price will return to its usual range. The figure signals the long-term nature of the formation of a trend movement. The longer the figure forms in time, the stronger the signal is considered. The most reliable are the figures formed on weekly charts for at least several months. The older the time frame, the more reliable the signal. The rounded bottom is a long-term figure, and can stretch on the chart for a long period. _____________________________ Stages of the formation of the figure. The Saucer figure consists of the following steps: 1) The descent of the price is the first phase of the figure . Price decline trend with a gradual slowdown. In the classical case, it should be a smooth arc, but in practice its shape can be flat or contain, on the contrary, correction minima and maxima. The main condition in this case is the gradually decelerating pace of price reduction. 2) The bottom is the lowest point of prices . It is the geometric center of the figure. It should be located on a gentle bottom (smooth bottom, without peaks). Although sometimes such a formation as the "Thorn" down or closed squeezes comes across at the bottom. The main thing is that these local formations do not violate the overall picture of the figure and movement in the global. If the lower point of the price forms the so-called platform on the chart, then the trading volumes gradually decrease, and at the moment of the price jump up sharply increase. Another surge in prices may be a signal to buy if the maximum of current prices is higher than the previous maximum. 3) Ascent of the price - after the minimum follows the ascent, which should ideally be symmetrical to the descent, and should last as long as the first phase (the descent of the price). There is a tendency to increase prices with a gradual acceleration. 4) The intersection of the resistance formed by the upper boundary of the whole figure (passes through the maximum point of the figure at the beginning of the period of its formation) is an additional confirmation of the rounded bottom and the final phase of the formation of the figure. After breaking through and fixing the price, the resistance level turns into ur _______________________________ Setting sales targets when working with a figure. At the expense of selling goals, there is no exact opinion among traders. You need to understand that this is a long-playing figure and has a pronounced bullish character. In most cases, phase 3 (price rise) ends with phase 4 breaking through resistance and fixing the price above it. Thus fully confirming this figure of technical analysis . But you need to understand that this does not always happen! There are exceptions. It is also important if the price is being traded in your favor, and according to the plan you should already fix the profit, then it is advisable to stay in position while you get additional profit instead of the planned one. There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations. I trade such formations like that. As a rule, I enter the 2nd phase on the “Day”, but then when the trading volume starts to increase (the beginning of the 3rd phase is the ascent). It is very important not to "stay at the bottom" for a long time. Time is money. I leave the position in 2 stages according to the situation: a) I sell a large part of the position at about 70% just before the resistance (before the start of phase 4). b) if the price failed to break through or gain a foothold, I will sell the remaining 30% of the market. c) if the price was able to break through the resistance and consolidate. Resistance has become support. I buy back at the pullback prices the same 70% that I sold in advance before the resistance. Very often the price differs by a couple%. The confirmed new support gives great potential for further growth. It is very important that there is not a big gap between the sale and the purchase. If the price after confirmation of support has gone high - I trade the remaining 30% of the position.
Long
by SpartaBTC
Simultaneously Figures Inverted Dragon and DragonOn the graph you can see how one figure goes into another and all goals are fully fulfilled. The figure of the technical analysis "Inverted Dragon " all the description, lines, goals on the graph are yellow. The figure of the technical analysis " Dragon " all the description, lines, goals on the chart are blue. In trading such figures, the most important thing is the trend lines ("Dragon Ridge"). In this example, "Inverted Dragon" has an upward trending white color. And the figure "Dragon" has a downtrend in purple. Also, when trading and identifying a figure, zones of a trend break are very important, in this example they are indicated by red circles. _________________________________________________ About the figure "Dragon" I described in great detail in the article: Figure Dragon. Formation. Structure. Goals. Read more in this tutorial. In this article I want to describe the mirror image of the “Dragon” figure - this is “Inverted Dragon”. The “Inverted Dragon” / “Dragon” figures got their name due to some resemblance to a fairy-tale character: he also has a head, two legs, a tail and a hump on his back. The figure "Inverted Dragon" consists of 5 parts, formed in the following order: 1) Dragon Head - the minimum price of all parts of the figure; 2) The first paw of the Dragon is the local maximum price; 3) The Hump of the Dragon - the minimum price between its paws; 4) The second paw of the Dragon is another maximum located slightly below / above the first paw, in rare cases equal to the maximum of the first paw; 5) Dragon Tail is the target price that should bring you revenue. _____________________________________________________ “Inverted Dragon” is a reversal pattern that indicates almost the very beginning of a trend reversal. The formation of the “Inverted Dragon” tells the trader that the mood in the market may change soon and the current trend will unfold. The figure is a more modified version of the “Double Peak” figure, while signaling a change in the bull market to the bear market. But there is one fundamental difference from the “Double Peaks” figure. A prerequisite for the formation of the Dragon is a trend line drawn through the head and hump of this model ("Dragon Ridge"). It is important that this trend line is clearly visible on the chart. The trend line plays an almost decisive role in the figure. “Inverted Dragon” and “Dragon” with the correct identification and understanding of the work, you can get good profit on various time frames. The “Inverted Dragon” shape and its mirror image “Dragon” are very similar to the “Double Peak” and “Double Bottom” figures, however, they also have significant differences, which will be described below. _______________________________________________ Stages of the formation of the figure. The "Inverted Dragon" is formed on an uptrend. Its formation begins with the "Head". It represents a local minimum. After the formation of the "Head", the market continues an upward movement, as a result of which two maximums "1 paw" and "2 paws" successively appear on the price chart. (Two peaks). The local maximum from the first test of the resistance line at the upper border of the figure forms "1 Dragon's paw." After repeated testing of the same level of resistance, "2 paws of the Dragon" is formed. The difference between the maxima of the first and second "paws" can be from a few percent to 5-10%. Between the paws of the "Dragon" should be formed a hollow (bottom, local minimum - correction from the upward movement), which is called the "Hump of the Dragon." At its core, the formation of the “Head – Lap – Hump – Lap” ligament is a “Double Peak” reversal pattern. The close of the formation of the “Inverted Dragon” figure is indicated by the closing of the price below the “Dragon Range” - a trend line (support) drawn along its points from the “Head” and “Hump”. This will be a signal of a trend reversal. It is advisable to wait until the candle, after crossing the line, closes below the "Hump" level (the price has fixed). __________________________________________________________ Shape shaping and volume change. As prices move from head to forepaws, volumes rise, confirming the uptrend that existed at that time. But already with the formation of the hump of the dragon, everything changes. Volumes begin to grow in the direction of the downtrend and decrease in the direction of the upward. This indicates an imminent change in trend. Finally, an additional confirmation signal can be an increase in the trading volume, which should increase during the price breakthrough of the uptrend of the “Inverted Dragon” figure (support). This is a breakdown of the trend line that connects the points of the “Dragon Head” and “Dragon Hump”. And then the price drop in the direction of the dragon's tail is accompanied by a rapid surge in volume, which finally confirms the trend reversal. True price movements are always accompanied by an increase in the volume indicator. This means that if volumes grow in the direction of the dragon's tail (the direction of the future trend) and decrease in the direction of the previous trend, then the future trend is definitely gaining strength and the “Inverted Dragon” figure is true. ___________________________________________ Setting targets when working with a figure. There are two options for entering a deal: 1) Entrance when breaking the line of the "Dragon Range" of the uptrend (line- "Head" - "Hump"). 2) Entrance when breaking through the level of "Hump of the Dragon. ___________________________________________ First target. To be at the level of the last minimum - the level of "Hump". The second target. To be at the very minimum value of the figure - the level of "Head". The third target. In rare cases, this is the entire length of growth from the “Head” to the very top “Paw” - then from the point of breakdown of the ascending trend line (“Dragon Ridge”), we establish the entire length of the previous growth — this will be the last target of the “Dragon Tail”. In this example, the graph shows only taking 2 goals. Only in 10% of cases, 3 is the target relevant, for this you need a very strong trend movement. _____________________________________________ There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations.
AMEX:SPYEducation
by SpartaBTC
9
Dragon figure. Formation. Structure. Targets.“Dragon” is a reversal pattern that indicates almost the very beginning of a trend reversal. The formation of the Dragon tells the trader that market sentiment may change soon and the current trend will unfold. The figure is a more modified version of the "Double bottom" or "W" shape, while it signals the change of the bear market to the bull market. But there is one fundamental difference from the “Double Bottom” figure. A prerequisite for the formation of the Dragon is a trend line drawn through the head and hump of this model ("Dragon Ridge"). It is important that this trend line is clearly visible on the chart. The trend line plays an almost decisive role in the figure. “Dragon” and “Inverted Dragon” with the correct identification and understanding of the work, you can get good profit on various time frames. The figure “Dragon” and its mirror image “Inverted Dragon” are very similar to the figures “Double top” and “Double bottom”, however, they also have significant differences, which will be described below. ________________________________________________ There are two types of this figure, depending on the trend: 1) “Dragon” - is formed during a downtrend and signals a trend change to an uptrend; 2) “Inverted Dragon” - is formed during an uptrend and signals a trend change to a downtrend . ___________________________________________________ The figure "Dragon" got its name due to some similarities with the fairy-tale character: he also has a head, two legs, a tail and a hump on his back. The figure "Dragon" consists of 5 parts, formed in the following order: 1) Dragon Head - the maximum price of all parts of the figure; 2) The first paw of the Dragon - a local minimum price; 3) The Hump of the Dragon - the maximum price between its paws; 4) The second paw of the Dragon is another minimum located slightly below / above the first paw, in rare cases equal to the minimum of the first paw; 5) Dragon Tail is the target price that should bring you revenue. ____________________________________________________ Additional signals that confirm the trend reversal and enhance the development of the "Dragon" figure: 1) The ratio of the length of the "dragon's paws" - if the "second paw" is longer, then there is more confidence in the upcoming turn. 2) When the level of the "second paw" coincides with some important level of support / resistance, already tested in the past, this also enhances the development of the figure. 3) Candles are strongly pronounced (large bodies with short shadows) that have gone in the opposite direction after the formation of the "second paw", the greater the likelihood of a change in the current trend. 4) The more a trend exists, the more likely it will end. The “Dragon” pattern is often in the 5th wave of the trend and in this case the reversal signal is very reliable. 5) An additional confirmation signal can be an increase in the indicators of the trading volume, which should increase during the break through the price of the downward trend line of the “Dragon” figure (resistance). This is the line drawn from the top of the Dragon Head to the bottom of the Dragon Hump. __________________________________________ Setting goals when working with a figure. There are two options for entering a deal: 1) Entrance when breaking the line of the "Dragon Range" of the downtrend (line- "Head" - "Hump"). 2) Entrance when breaking through the "Hump of the Dragon" level. __________________________________________ Now you need to decide on our targets: The first targets will be at the level of the last maximum - the level of "Hump". The second target will be at Head level The third target is, in rare cases - the full length of the fall from the “Head” to the lowest “Paw” - then from the breakdown point of the downward trend line (“Dragon Ridge”) we set the entire length of the last price See the chart above. The graph shows that it was the Third Goal that worked completely on the graph.
BITSTAMP:ETHUSDEducation
by SpartaBTC
EURUSD 4hr supply, ab=cd,0.618, and 1.15 fig short opportunity Dollar is having some nice pullback here, which provides potential sell-high trading opportunities! Here we got this 4hr supply zone, AB=CD , 0.618 fib retracement combination short with a 1.1500 fig spot. So many convictions to take this trade! As a with-trend trader as always, I still would like to wait for reversal sign there to be the final trading signal rather than put a sell limit there; This trade would be even better if it can break the 1.1500 fig first and give a reversal sign, that would be the trade yo! Let's see how it goes!
Short
by Trader_Joe_Lee
5