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Harami

BAT/BTC STRONG SIGNALS OF TOP REVERSAL!Hey everyone, today I'm going to make my analysis on BAT and explain my point of view, so let's begin! When we climbed, we were reaching a previous resistance (the bearish engulfing bar at 2 march 12-16h), if we watch closely, we had a long legged doji, which usually signals a top(depending on where its formed) (it's a bit subjective, may not be a doji, but the idea still maintains) , formed also a bearish harami, and now it's forming a bearish engulfing bar or a bearish harami, in the same area of resistance. From the candle of 8 march 4h, we can also conclude, that based on the close (broke through resistance and closed below it) , which is also a bearish signal. Strong signals that the market is turning. According to my Fibonacci Analysis, I'm expecting a drop to the golden pocket (between 61.8 and 65) (4646-4670) which will serve as a temporary support, and will probably pump from there to 4924 (38.2 fib resistance , this is just a supposition if it indeed does pump in this temporary support). If you guys watch closely, that fib of the short trade, has the 1.272 target right in my buy zone, which is an area where multiple fibonacci levels almost interlap, making this zone really powerful. This buy zone consist of 1 golden pocket, a 78.6 fib support level, and the 1.272 possible target (if the pump above occurs). Buy zone: 4440-4486 When is the trade ready? 1) If now it forms the bearish engulfing bar or a bearish harami. 2) If it doesn't go above 5125. You know what they say: If the public is very bullish, it means institutional are selling! Be prepared. If you want to share your ideas , comment down below and like if you enjoyed this analysis. Disclaimer: I'm not a financial adviser , i'm not responsible for any losses due to following my chart analysis!
Short
by Vasques
Bitcoin Daily Update (day 230)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I recently posted Bitcoin Bubble Comparison - 3 Day Chart . It provided new dates and prices for the bottom, however it’s still slightly too early to abandon my predictions from the previous Bitcoin Bubble Comparison ]Bitcoin Bubble Comparison: 1 day - 5 days = < $5,750 | bottom prediction: $2,860 by 10/30 | Calling for $35 ETH around the same time Previous analysis / position: “If we breakdown $6,370 then it would confirm the bearish harami as well as the hanging man. If that were to happen I will be prepared with a small stop order set to short $6,369.” / Short USDT:USD’ from 0.968 Patterns: Descending triangle / bearish harami Horizontal support and resistance: S: $6,410 | R: $6,454 BTCUSDSHORTS: Really started to look like they will break out of the triangle to the upside. Once volatility picks up so will volume and we should see unprecedented levels of short sellers. Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Bullish (price above MA) Medium term trend (4 week MA | 2 & 32 day MA’s): Bearish | Bearish Long term trend ( 32 Week | 50 & 128 day): Bearish | Bearish Overall trend: If daily closes below $6,438 then all will be bearish Volume: Surprised volatility didn’t continue after the volume spike on the 15th. Now we are back to painfully low levels. FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Harami inside a harami. Can we get a 3rd matryoshka doll? Ichimoku Cloud: 4h cloud acting as strong support at $6,424 TD’ Sequential: Weekly red 2 will fall below a red 1 at $6,086. Placing a stop order there could be a good idea Visible Range: Gap in volume from $6,246 to $6,371 with 5 day look back Price action: 24h: -0.1% | 2w: +/- 0 | 1m: +2.95% Bollinger Bands: Daily MA acting as strong resistance Trendline: Top of descending triangle ~/= $6,725 Daily Trend: Chop Fractals: Up: $6,792 | Down: $6,057 RSI: Hanging around 50 on most TF’s. 4h is a little overbought Stoch: Recrossing bearish on 12h, going for retest on daily after creating higher high Summary: I am closely watching the red trendline on the USDT:USD’ 1 hour chart as well as prior historical support at 0.9642. As long as it stay below those areas then I do not feel very comfortable about holding a short on BTC’ or ETH’. Furthermore I am strongly expecting the lower wick from October 15th’s candle to get re explored, similar to what followed October 2nd’s candle. If it has another selloff then BTC’ and other cryptos should get another pump. If it stablizes then I will feel comfortable going back to my normal approach of 99% TA Nevertheless, trading is about risk reward and properly managing positions. If the r:r is tilted too much in my favor then I will open a large position regardless of what is happening with Tether and I will use a market stop loss if need be. I posted a chart earlier with a $35 target for ETH:USD and that is a prime example of something that is too favorable to pass up. In the mean time there is an incoming death cross on the 3D chart with the 50 and 200 MA’s. The first close below the 200 MA is what led to my most recent Bitcoin Bubble Comparison . Only other time this happened was in October of 2014.
BITSTAMP:BTCUSDShort
by Sawcruhteez
10
Bitcoin Daily Update (day 229)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I recently posted Bitcoin Bubble Comparison - 3 Day Chart . It provided new dates and prices for the bottom, however it’s still slightly too early to abandon my predictions from the previous Bitcoin Bubble Comparison: 1 day - 5 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: Watching for bounce to $6,600. Outlined $6,400 and $6,150 as key areas of support / Short USDT:USD’ from 0.968 Patterns: Descending triangle Horizontal support and resistance: R: $6,493 | S: $6,395 BTCUSDSHORTS: Wicked off bottom of triangle and bouncing Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Price above MA = bullish Medium term trend (4 week MA | 2 & 32 day MA’s): Continues to resist under 4 week and 32 day with bearish cross. Long term trend ( 32 Week | 50 & 128 day): Price below 32 week MA and it’s angling down = very bearish | Price < 50 < 128 = very bearish Overall trend: If price cannot establish medium term bull trend then expect short term to turn back bearish as well. When all of the trends are in alignment it is time to trade. Volume: Yesterday’s bar sure disappointed, after starting out with strong volume it ended under MA. FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Daily bearish harami will confirm under $6,380. Yesterday was a hanging man and it will confirm under $6,434 Ichimoku Cloud: 4h cloud shows strong support at $6,425 TD’ Sequential: Weekly R2 = R1 | Daily: G3 = G2 | 3h: R8 Visible Range: Point of control over last year = $6,760 | Highest volume node = $6,478 - $7,138 Price action: 24h: + / - 0 | 2w: -2.11% | 1m: -0.86% Bollinger Bands: Yesterday’s candle closed below MA and today’s candle is resisting it | Weekly wicked off the MA. Trendline: Top of triangle waiting around $6,700 Daily Trend: Chop Fractals: Up: $6,792 | Down: $6,057 RSI: Appears to be turning over after resisting under 50 on daily Stoch: Doesn’t look like it will create another lower high like I thought. %K just created higher high, will it still be that way when this candle closes? Summary: I have updated the list above and will continue to do so as I narrow in on what indicators I like the most. After attending a 4 hour webinar with Tyler Jenks about Consensio I have experimented with different moving averages and more specific ways to define the trend. The biggest change to my list was the addition of short, medium and long term trends. I am a swing trader and like to hold onto my positions for 1-3 months. Therefore, how I define each trend will be different from most everyone else. If you don’t have a very clear idea of your time horizon and how you define trends (even is markets as choppy as this) then you should give it some thought very soon. The best resource that I have found for defining trends is Tyler Jenks Consensio. I highly recommend following him on Twitter and watching “Deep Dive Into Consensio” on Youtube. If you get the chance to attend one of his webinars I could not recommend it highly enough. I define the short term trend as: Price > 4 day MA = Bull | Price < 4 MA = Bear I define the medium term trend as: Same as above with 4 week MA & 2 day MA in relation to 32 day MA. I define the long term trend as: Angle of 32 week MA. If angling down then bearish. If angling up then bullish. If flat then chop with trend expected to start soon. This is my #1 indicator as it relates to identifying a trend. We are currently testing the medium term bear trend as the price tries to break above the 4 week MA and the 2 day MA tries to cross the 32 day. If we fail to close above the 32 day MA before the end of the week then I would expect the short term trend to turn bearish. That would give us bear trends for short, medium and long term. When the the trends are all in agreeance then it is time to trade! If we breakdown $6,370 then it would confirm the bearish harami as well as the hanging man. If that were to happen I will be prepared with a small stop order set to short $6,369. ETH’ is forming the same pattern but I chose BTC’ because it offered lower risk based on setting a stop above the hanging man. If you trade on a USDT’ exchange then those prices need to be adjusted accordingly.
BITSTAMP:BTCUSDShort
by Sawcruhteez
SPX Imminent retest of channel support: Rejection from ATHCompare to 6/14 Harami cross. Identical price behavior 8/21-23 c/w 6/12-14 and 8/7-9. Slapped down hard from high channel retest after 8/21 high. All the Doji have been seen- pin bar, shooting stars, Harami crosses, engulfing bears, Red Shooting star today. Perfect setup for lower and soon- imminent. Today I observed a bear flag all afternoon following the sharp intraday correction on 15m charts. Daily chart on 8/23 looks eerily similar to annual chart, past six months! Expect a harder test than last time. Probably at least to 2791 as shown in graph, maybe lower; WS2 at ~2777. Gonna be a choppy week. We have convergence of twin C waves bearing down from 08 Feb and 27 Jun A wave downspikes, rolling together now will bear down hard. Batten down the hatches- good luck! This isn't investement advice and I ain't no advisor. This post for amusement and education only. Enjoy!
SP:SPXShort
by DaddySawbucks
3
Past history candlestick analysis for Hartalega On March 8, 2018, an Inverted Hammer + Bullish Engulfing appeared, signifying a change to the down trend. This is further confirmed by the support line in blue. Stock rallied for roughly a month plus until April 12, where a Hanging Man appeared (Note the Hanging Man is not as potent as a Shooting Star, but it still gives the signal that the bullish trend is coming to an end). The trend then start to change. Stock goes downwards and tumbled, until a bullish engulfing pattern emerges on April 25 - 26. Interestingly, this happened 3 times! Triple bullish engulfing pattern! This also serves as a support line, which supported the price level on June 28 - 29. Stock rallied up and hit a bearish Harami pattern on June 11 - 12, signalling that bull has lost it's momentum. Stock drops and hit the support line where a bullish engulfing pattern appears, and then goes upwards until it hits a Doji on July 2. Market comes to a neutral tone and market is unsure to go up or go down.. in the end it goes downwards. Price could go further down until it hits the support line and change upwards, depending on the candlestick formation at that time. If it goes down it would hit the second support line formed by the inverted hammer. Notice the MACD histogram is showing an upward trend, signifying an uptrend of price.
MYX:HARTAEducation
by antaeusguy
BullishAUDCHF retested broken D1 Resistance TL which now stands for mirror Support TL. Also on Test this pair has made Double Bottom pattern which gives a trend reversal confirmation. After breaking and closing above the neckline of Double Bottom Price is now retracing back and testing the broken neckline and currently market is forming "Harami" Price action candlestick pattern confirmation signal. Also price is about to get rejected from the 61.8 level of fibonacci. Once Price breaks and closes above the "HARAMI" Price action pattern im looking to long this pair. Reason #1: Retest to D1 Broken Resistance TL Reason #2: Double Bottom at retest the major TL Reason #3: Price is testing broken neckline of DB Reason #4: Test of 61.8 Fibonacci reversal level Reason #5: RSI Bullish Divergence wave Reason #6: "HARAMI" Bullish Breakout ? (Not completed yet) once it completes I will take long on this pair
Long
by jamshid1994
Crude Oil - Bullish Harami?Not a candlestick pattern specialist but looks like a text book Bullish Harami on weekly; the green candle body formed last week is completely engulfed by the red candle from the week before. "The Bullish Harami is a sign of disparity in the market’s health. The market is characterized by a downtrend and a bearish mood, and there is heavy selling reflected by a red body, which further supports the bearishness. However, the next day prices open higher or at the close of the preceding day and the short traders are alarmed. This leads to the covering of many short positions, causing the price to rise further. The latecomers short the trend they missed the first time, and slow down the rise. Thus, a smaller green body is formed. This may signal a trend reversal since the second day’s small real body shows that the bearish power is diminishing."
TVC:USOIL
by Joseph_King