Patterns
BANDUSD - Charting on the fly - Trade strategy - Price Targets In this video:
* We do another Charting-on-the-fly session
* I look at past price history and chart patterns
* We assess the benefit and accuracy of analytics
* We look at current price actions
* We map current price patterns
* We target price and map levels
BTC falling wedge, squeeze out from 50-53kBitcoin has entered a falling wedge converging near the 50k mark. Expect a breakout from this range soon and look for declining volumes as we approach 50k. These patterns are usually very reliable. With the crypto fear index reaching extreme lows, we can expect the price to bounce in one way shape or form. I am not just advocating a trend reversal, but also the possibility of an intermediary bounce that falls back down.
DOGECOIN FORMED TRIPPLE BOTTOM PATTERN
dogecoin formed tripple bottom pattern on daily timeframe
* can go up but need confirmation
Daily Crypto Market Update - batusd oxtusd & many more!In this video:
* I provide an update for basic attention token, orchid, and many more
* I browse through the charts in attempts to determine the overall market sentiment in the crypto space
* We discuss Bitcoin and what it means for the rest of the market
* Overall, I am still extremely bullish for the next few weeks/months
* Black Friday Special still on:
$HEXO DD & Technical Analysis (2021)such a Wicked Quarterly Report >>> here is a good analysis of the recent Merger ( www.youtube.com )
On the recent 2021-Q3 Conference Call: it seems like HEXO recent revenue doesn't include Revenue from REDECAN, since the merger happened at the end of August . . .
>>> so How much this Company Worth Today ?
>>> assuming HEXO and REDECAN did 50/50 Merger . . . the next January/March 2022 Quarterly Report should have at-least $250 million/year combined revenue (from HEXO + REDECAN) . . . hopefully, this time, HEXO will bounce back to $10 (per share) by Christmas
>>> Christmas Quarter is normally the best Quarter for Mari Juana, instead of shorting the stock, hopefully this Christmas HEXO will finally reward its Shareholders
Litecoin - Beautiful Setup - Target $354 - Here's why...TV subs,
I realized this morning that I made a mistake in publishing my Litecoin video setup incorrectly here on Tradingview. I had spotted a beautiful setup and created a video about it but it was published as a "Private" video, meaning that only those with the link could view it. Unfortunately, TV does not allow me to make the video public. You are only able to view the video if you have the link. Ironically, this means that all of my free substack subs got the notification yesterday while subs here on TV did not. Therefore, the best way I know how to correct the error is to provide the link below in "Link to Related Ideas". I can't say I won't make the same silly error again, so if you want to avoid missing anything, please head over to substack and subscribe. That way you can be sure to be notified of everything I post.
Thank you all for your support!
Happy trading.
Basic Conclusion and ConfusionI have questions about perdicting an asset/commodity deflation event or crash below If you have time. Prices are through the roof right now making the entire investing world to seem speculative. I think the market is showing weakness and there may be a crash around the corner, I'm looking at patterns to see if there's any similarities between the build up to a crash and seeing where volition is creeping towards a big leap before a significant increase in volition such as the red bar pattern over today's current situation (from a jump in 2018) where I found similarities with other minor jumps in volition and a pull back in a bullish pattern, given that a majority of the market can see inside before retailers is it possible that these build up events where fear becomes the headline for few weeks to months ends up being a sudden crash in value. Professionals and "Professionals" have said time and time again that the build up is here, it's been happening for months to years given assets are up at record highs and inflation is going now where anytime soon, our supply chain will only get worse till February I hope, even then it'll take years before we see commodities stabilize and by then the value of the dollar will not be what was, oh also the richest minority own the largest majority of everything still.. is there much of a pattern and what are some of your ideas? I hope we both learned something?
Is there a way of timing a economic crash?
Is the 36 month trading period a thing?
Is it best not to worry about the crash? it'll happen eventually as time has proven again and again.
Best case scenario I reposition some previous sales and some savings.
If a company doesn't rally back to it previous average after crash, is it still worth it to invest into said company since it is sustainable and growing a dedicated user base?
Blow off top 4th - 14th December (2021 chart)Takeaways:
234 days from first high to last high in 2013, will put us at 4th of December.
147 days from mid-summer dip reversal would but us at 14th of December.
Another interesting fact is that the average of both previous cycle hit of 2.272 (close to ATH ) is 4th of December (2013 28 Nov/2017 12 Dec)
Also, new moons are a very reliant top indicator (often 2-3 days within tops)
ALL of the three cycles had new moons at or days within the blow-off tops.
FALSE BREAKOUTS | SPOT/AVOID/TRADE THEM LIKE PRO📈📉
FALSE BREAKOUTS | SPOT/AVOID/TRADE THEM LIKE PRO📈📉
How often have you opened a key level breakout trade, and then the price turned against you? False breakout happens quite often and it is a problem for many traders who buy at highs and sell at lows.
❗️Breakout trading is a fairly popular and viable trading strategy. However, some breakouts often turn out to be false. This can be quite frustrating, not to mention that it can often lead to a losing trade.
However, in many cases, an experienced trader can analyze the market situation and react to it accordingly. False breakouts can make a profit if you know how to trade them correctly.
⚠️A false breakdown is a situation when the price violates an obvious level, but then suddenly changes direction. When the initial breakout of the level occurs, many traders open a trade in the direction of the breakdown. These traders are trapped when the price reverses, which triggers a series of stop losses. New traders are also entering the market, and this puts additional pressure on the price. This often turns the price into a new trend, the opposite of the initial breakout.
A breakout that turns out to be false is a sign of strength in a downtrend or weakness in an uptrend.
As you can see, a false breakout can easily cause significant losses for any trader.
Some traders develop their entire strategy around trading false breakouts, as this can be a very powerful trading approach. Some of the best trades happen when market players fall into a trap and their stops start to work.
✅How to find patterns of false breakouts?
🟢If you do not learn how to correctly identify false breakouts, you will not be able to trade them profitably. For example, there will be situations when the price returns to the breakout point, and only then continues its movement.
🟢One of the ways to detect false breakouts is to monitor the volume. Real breakouts are usually accompanied by strong indications of trading volume at the time of the breakout. When this volume is absent, there is a higher probability that the breakout will not happen.
🟢Thus, if the trading volume is low or it decreases during the breakout, a false breakout is likely to occur. In contrast, if the volume is large or it increases, a real breakdown is likely.
🟢It is also useful to monitor not only the trading volume but also the price movement on the lower timeframe. In many cases, you will see that the price makes a very sharp pullback on the lower timeframe, which is not visible on the higher timeframe.
✅False Breakout Trap
🔴After all, many trading textbooks say that a breakout can be considered confirmed when a candle closes above the resistance level. However, the price moves in your direction for a while and then turns 180 degrees. As a result, you have a stop loss triggered.
🔴The false breakout trap includes several candlesticks, usually 1-4, that go beyond the key support or resistance level. Such breakouts occur after a strong movement, as the market has reached an important level, but the price momentum still retains its strength.
Have you ever been trapped by a false breakout?
XRP - Heading to 0.70 Cents?XRP has been in a correction for a while now. We can see it is in a descending correction which looks like a large bull flag. It has all the signs to me that it's heading down to 0.70 cent or around that area. You can see the -27 fib target is just outside the Main ascending trend line, structure & descending flag pattern trend line. There is also a chance it reverses from the double bottom area but with so many confluences at the 0.70 cents area that where i would rather enter a buy.
How to trade levels? How to play price? How I made 30x in 2 yrs!In this video:
I draw out a hypothetical initial investment.
I should how you can multiply your net profit by trading out and back in along the way to your final projected target.
This video is all about trading levels, a strategy I have developed from years of experience that has helped my to multiply my crypto profits exponentially.
I have 30x'ed my initial cash reserves over the period of 2 years.
I think you can too. I am going to show you how I did this.
Gold daily analysisGold has been in a descending triangle since Jun 08, there for we can see price bouncing off the bottom and getting rejected from the top ( as shown in picture ), as we are getting closer to major resistance zone and triangles top, we might see two different scenarios:
First, Price breaking out of the triangle, which would probably be followed by a pullback and then rise in the price
Second, Price getting rejected from the Zone and coming right back to the bottom.
As we haven't seen price reaction to these areas, we ought to wait and watch for the daily candles, it will probably tell us how thing will go forward.
keep in mind, gold has been shaping an inverted heads and shoulders ( which is not really formed beautifully but still ... ) so we might actually see a good rally for bulls.
---- Will be updated
New Pattern Spotted on Bitcoin Chart!!! TARGET $100,000!In this video:
We discuss a NEW Cup and Handle Pattern Spotted
Old C&H Patterns may have been legit, but are completed now
New C&H Pattern makes much more sense mathematically and in conjunction with the Bitcoin Dominance chart
New Cup and Handle pattern puts us at a target of $100,000!
GOLD TO RETEST 1832 - 1834 AREAIf you look at my chart very closely, I have only tried to paint a picture of what i have seen in the last few weeks.
Gold is still generally on the downtrend when you look at higher time frame but looking at daily, it has been bullish for a while and correcting almost on a daily basis and retesting each take off point between 2 & 3 times but still bullish on the daily.
I am of very strong opinion that this move will get to 1832 area but we may see another correction between 1810 & 1819 or even 1823 if you have been studying gold patterns very closely and then there may be a very strong sell in the next few weeks to 1675- 1682 area
Now, Pay particular attention to this paragraph. if gold closes above 1834 on the daily time frame, The massive sell will be from 1845 but a close above that point may get gold bullish to above 1900 for a double top before the bullish trend.
As far as i am concerned, gold's have very bullish momentum for now and we need to apply risk management as the big sell may happen between 1832 & 1845 but a daily or weekly close above 1845 may take Gold to above 1900 before that sell.
Trade carefully, apply risk management and stay happy....