Patterns
BTC AI PredictionI've been running several algo's (only super_simplified versions here on TV) at the same time attempting to compute Probability distributions (DL based on SVM) of a mean reversion for COINBASE:BTCUSD at this level, and using Convolutional neural networks, to map current price action patterns with historic chart patterns across multiple sectors.
Here's the Alpha:
According to my model we should see a retest of the 54k-55k level before rejecting and correcting down to the mid 30k's.
Note: Probability theory is just PROBABILITY. Nothing is for sure. Human emotions are too random to accurately predict.
:)
MM
UMA/USD 4h Possible Cup and Handle by the End of MarchPlaying around with the price predictions I've came over the potential for a huge Cup and Handle pattern for the Unified Market Access USD pair.
Of course this is just one of possible scenarios and yeah, it's a positive one. Let's watch what will happen soon.
Meanwhile I'm using the market dip to perform dollar cost averaging for the UMAUSD pair.
This is not an investment advice as I'm not a financial advisor.
Make your investment decisions at your own risk and perform your own researches.
And REMEMBER: Likes and comments make your trades much more successful :)
EURUSD SHORT: TRIGGER AND ENTRY USING RISING WEDGE PATTERN Price sold below the RWP (RISING WEDGE PATTERN) to 1.20952 before a pullback to retest lower channel trend line. A retest of the lower channel trend line is the trigger for a short entry which is bearish until the next logical support region. The first support region is at 1.20867-1.20789 and the second at 1.20269-1.20198 region on the chart.
The strength of a RWP depends on the measure of convergence of the trend lines at the apex of the channel trend. This is a good pattern for a short entry within a bullish trend.
Hope you've enjoyed the read, more RWP analysis ideas are welcomed!
XRP/USDT - Cup with handle. UPTREND❗️❗️❗️ More Trading Charts here: (LINK IN DESCRIPTION) ❗️❗️❗️
Good afternoon dear traders or those who want to trade, but do not know where to start.
I haven't written posts for a long time, but look at the market, there is something to work on and positions are rushed every day in large quantities. I decided to share one of them with you.
Many people love this coin, while others hate it. I make profit on it. The price has been consolidating in a downward channel for a long time. This is a bullish trade within which an under-block figure in the form of a cup with a handle is formed.
I am still waiting for the trade with the formation of the cup handle and after that impulsive growth. Therefore, we take this asset under the gun, find our entry points and make a profit.
❗️❗️❗️Disclamer❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
This Channel is not financial advise, It's My opinion and My observation: @opptrade
NZDUSD 4HR TIMEFRAMENZDUSD 4HR TIMEFRAME
Market Structure: Bullish
The purple rectangles that are placed are the equal highs/equal lows. I see a lot of liquidity where I placed the purple rectangles. Since it broke previous equal highs, I'm waiting for a retest right back toward the purple rectangle (resistance), then back up towards the green rectangle line which says (NEW TARGET AREA).
The blue line where the green rectangle is placed is my TP.
The buy setup is a 62 pip move.
However, if price reverses toward the downside, I'll wait until it breaks support (bottom purple rectangle), retest, then make an entry.
TP for sells are also placed & marked up. The sells are 83 pip move. If price goes either way, both setups are in place.
REMINDER: Always take profit/partial profit at TP1. Price majority of the time retests that area, goes back to entry, then smash TPS.
Chart Patterns Cheat SheetHello, traders!
Here is a cheat sheet which help you to identify the most frequent and reliable chart paterns. I should tell you that the patterns from the group "indefinite" are classified as bullish or bearish in classical literature, but in practice we should be careful using it in trading decisions.
BULLISH PATTERNS
Inverted Head & Shoulders , Double and Triple bottom are the most simple, frequent and reliable bullish pattern. Let's talk about bullish flag . It usually occur on the uptrend. The volume is high at the beginning of the flag and decrease to the end until the massive breakout to the upside with high volume.
The cup & handle is rare pattern and usually play out at the bigger timeframes.
INDEFINITE PATTERNS
The different types of triangles and wedges are very popular patterns and can be seen at the different timeframes. In classical books about TA rising wedge and descending triangle are bearish patterns, falling wedge and ascending triangle are bullish. But in practice it is very important to observe the side of it's breakout, as a result they can be bullish or bearish like the symmetric triangle . We should wait for the proper breakout confirmation to make a correct trading decision.
BEARISH PATTERNS
This patterns are the opposite to the bullish pattern, but work at the same way.
If you want to learn more about some pattern please give us to know it in comments.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
$LINK + Modified Schiff Pitchfork = Dead-on accuracyI love $LINK on the 4hr chart. I've been experimenting with fans and pitchforks, and this one is AWESOME for identifying pivots. I used the Modified Schiff pitchfork on this. Which is good for sideways market action, as it moves the median 50% up and 50% over in terms of price and time. Just look how it touches the .5 and the 1 deviations, but then wicks PERFECTLY down to the 2.0 deviation. Chainlink has been consolidating for what seems like forever now. I think this is just a matter of time before it breaks through the lower .5 resistance and the median. I'd look for a strong move in the next couple weeks? But I'll say it again. $LINK is a buy and hold for me. Long term investment and waiting for staking to be implemented before this thing goes to the moon.
EURUSD 1D TIMEFRAME EURUSD Analysis on the Daily Timeframe.
I usually do my analysis on the 4HR, however, looking at the chart on the daily looked more simple and easy to analyze.
Clear Head & Shoulders pattern occurring on the daily chart. (Yellow circle).
I am waiting for that last buy retest candlestick to close, so this may take about a day.
When a new daily candle forms, and it is a sell candle, I am selling.
I have provided an entry area (black line) if the new daily candle starts around that area.
I have provided TPS, and extra TP's as well.
If the candle however breaks the neckline and continues to buy, I will provide buy setups and a new analyzed chart.
REMINDER: Always take profit/partial profit at TP1. Price majority of the time rejects that zone, goes back to entry, then smashing TPS.
XRP Patterns Are RepeatingBITSTAMP:XRPUSD
In this chart a highlighted some of the repeating patterns (those with the same color). They are very similar and could be used to predict some price action in a short term (blue colored price cart at the end, taken from a January 2021).
I am not a financial advisor so don't buy anything a say. Have a good one.
Bullish patterns in tradingToday there are several popular bullish patterns on the Forex market.
1. Flag - trend continuation.
Has a strong price movement (flag staff), then a correction zone (flag cloth). The correction zone can be located both horizontally and inclined to the "shaft".
2. Cup
Or else "cup with handle. U-shape + corrective movement (" handle ") within 1/3 of the" cup. "Formation of the" handle "is the process of price consolidation towards the line.
After the pattern is formed, the price continues to move in the direction of the cup.
3. Symmetric triangle
It can be either a reversal or a continuing trend.
Formed between two converging support and resistance lines. You can start trading after the breakout of the pattern (depending on the breakout, either buy or sell).
4. Diamond
Reversal pattern formed at local highs and lows of the price chart. The basis is either an uptrend or a downtrend. Completion options - correction or global trend reversal.
5. Double bottom.
It is based on a downward movement + two chart lows and a high point between them. Completes the formation after breaking through the base line. Further - the price growth from the base line in the volume of the figure size.
6. Pennant
Continuation of the main trend. Price gaps are possible prior to the formation of the pattern. In a bullish scenario, the pattern is preceded by an uptrend. Completion of the pattern formation - a breakout in the direction of the previous trend.
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Thank you for your support!
I closed my long position and opened a short From 31750 BTC/USDTShort: 31750
Targets: 31000 - 30750 - 30300 -29800
Stop loss 32500
X3 (2%)
All traders, please, don't forget for this⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
I ask each of you to consider your own risk and money management. Do not trade with a large "X10-X100" and always place a stop loss.
If this position closes, then I need a day off.
Let's see how the market behaves.
If the price is returned back, and there is a trade above the 32000 level - by 2H TF. I will look at the long position.
So far, a wedge - which is broken down and leads to at least half of this figure. We will see.
Don't forget - trade wisely, observe risk management and money management. Stop loss is required.
Trend Continuation Patterns & Reversal Patterns🚀💣Hi, friends! Let's keep learning?😉
Today we are talking about <> and <> of Technical Analysis 😊
- this girls try to tell You more details😉
Hope, It would be helpful for You♥️
🐂Bull flag🐂
The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull flag will be the height of the pole.
There is one more feature of this figure - the canvas of the flag should be tilted against the main trend.
🐻Bear flag🐻
For the most profitable entry, it is better to enter into a deal with a pending order. As soon as the trade is entered, the take profit is placed at the height of the pole from the breakout point of the pattern.
🐂Bullish pennant🐂
The pattern trading rules are identical to the bull flag trading rules.
🐻Bearish pennant🐻
The trading rules are the same as for the bear flag .
💥Head & Shoulders Pattern💥
After the pattern has become clearly visible, namely, the right shoulder is clearly visible, the trader needs to wait for the neckline breakout. Breakouts occur on strong impulses with a sharp increase in volume . Therefore, in order not to miss the entry and enter at the best price, it's better to use a sell stop order.
To calculate where the price will go after the breakout of the pattern, it is enough to measure the height of the pattern (vertical from the maximum of the head to the neckline) and postpone it to the breakout point.
💥Inverted Head & Shoulders Pattern💥
An inverted head and shoulders pattern occurs in a downtrend and heralds an uptrend. The rules for working on a figure are similar to the previous ones.
It is worth noting that the head and shoulders pattern is rarely encountered in its pure form. Be careful!
💥 Double Bottom Pattern 💥
After you have identified the pattern on the price chart, you need to wait for the breakout of its resistance line. If the price has broken through the resistance, then the target will be the width of the pattern's range - the distance from the lowest point to the resistance.
💥Double Top Pattern 💥
A double top is similar to a double bottom . The only difference is that this pattern is reversed and occurs on uptrends.
The number of extrema in a pattern can be not only double, but also triple, and even more. But the rules of work will be identical for everyone - enter on a breakout, postpone the target to the height of the figure and wait for its execution.
💥Diamond💥
We measure the height and wait for the breakdown of the diamond. If a breakout has occurred, then the price movement target will be the height of the pattern from the breakout point.
💥Cup & Handle💥
Trades are opened on the breakdown of the "handle" upwards. Target is the height of the figure.
Thanks for Your attention🙏🏻
Stay in touch🧡
Sincerely yours Rocket Bomb🚀💣
Great Potential Swing Trade for Coca-Cola (KO)Coca Cola is well below the 200ma and has now bounced off its support. The stock is also in a bullish channel and with earning coming up and some positive news, it looks like it could be great swing trade for coming days/weeks and for a very cheap price in options!
Coca Cola is a safe bet, as we can all pretty much agree, the company isn't going anywhere long term.
They recently have made lots of adjustments to their business plans moving forward to adapt to the changing market and become more efficient as a company which can be found here: www.coca-colacompany.com
With a rise in the coffee market worldwide, Coca-Cola has recently launched their own product which can be found here: www.foxbusiness.com
Lastly, hard seltzers were the quickest growing products in the alcohol market last year with drinks such as Trulys gaining popularity. Much like the coffee market, Coca-Cola is launching their first ever alcoholic beverage and jumping on the seltzers band wagon moving forward, that info can be found here: www.usatoday.com