$AMZN - Pennant PatternIn which direction do you guys think this pennant pattern is breaking out to?
I'm seeing an RSI bullish divergence freshly created.
But I'm also seeing imponent 10 and 50 EMAs right above the price right now.
In short, the trend is our friend. That's the overriding principle. However, we also know that every trend eventually bends.
In any case, the conclusion to be drawn is that all you have to do with this market is wait and see which direction it wants to take. For it is about to disclose that information.
Finally, remember, that direction is meaningless for trading decisions in isolation. We need a target/take profit plan, a stop loss, position size, max ttl equity exposure ... a back tested trading system, confidence and mastery in the execution of such a system. Without these, you're trading blindly.
Cheers,
Tenacious Tribe - Backtested Trading Strategies & Studies
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Systemtrading
Cloudy☁️ (Confidence: 0.41 )🌥️ Based on the Bitcoin chart index for the past hour, I forecast cloudy weather with some fluctuations ☁️ The confidence that the weather in the Bitcoin world will be sunny is quite low, only 0.41, which is less than the baseline of 0.864. 🌡️ The Close value is lower than the Open value suggesting a bearish trend, and the RSI of 44 and MACD of -6 confirm this notion. 💹 The EMAs are also lower than the previous levels, indicating a downward trend. With the Fast K and Slow D values also being low, it might be a good idea to keep a close eye on the market and wait for a more opportune time to invest in Bitcoin. ⚠️
Buying BNB before the TWAP? We DID!Using the Coinrotator trend analysis we have built over the past two years and a lifetime of trend following strategies, we were able to buy BNB before the twap began and have benefited greatly.
We'll be launching the beta version of the CoinRotator bands very soon, if you want to get beta access just follow my account and we'll let you know when it ready so you can profit from our experience too!
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GBPUSD; Signals benerated by Autonomous Machine Learning SystemAll the signals in this post are generated by the new Autonomous Machine Learning (Neural Nets) system, from this post;
While that system is not, yet, integrated into TradingView, we will attempt to push the signals directly into this post, in a timely manner.
Note; All charts having a Purple(Lilac) background and displaying the "NN" sign signify automatically (autonomously) generated trading signals.
SYSBTC Gonna Pumping HardYesterday, SYSCOIN published, there DEV Team finished up launch of Syscoin LUX #NFT feature.
There R&D has also commenced on our #EVM chain which will bring #DeFi to a whole new level!
In In technical view SYSCOIN Create Cup With Handle Pattern Breakout.
1st Tp will 0.000000710
2nd TP Will 0.00000850
Systematic Trend Following: Buy LTC USD## OUR APPROACH:
- 100% Systematic Trend Following Trading
- Trading Long and Short Signals with a medium-term time frame to capture +50% price moves
- Always protect your position with a stop loss (initial stop loss turns into trailing stop loss)
## TRADING LONG SIGNALS:
- Go long as the price closes above the "orange" solid Channel Line
- The "purple" dotted line always shows your current stop loss (it is trailing)
- Ride the trend as the price moves up
- Exit the position only if the price closes below the trailing stop loss
##TRADING SHORT SIGNALS:
- Go short as the price closes below the "orange" solid Channel Line
- The "purple" dotted line always shows your current stop loss (it is trailing)
- Ride the trend as the price moves down
- Exit the position only if the price closes above the trailing stop loss
## OUR TRADING SETUP (Hit the links below to sign up for the services we love!)
Data and Charts by Tradingview:
tradingview.go2cloud.org
Trading on Binance:
www.binance.com
Trading on Bitfinex:
www.bitfinex.com
## OUR FAVORITE BOOKS (Must reads!)
Trend Following Trading – How to make a fortune in Bull, Bear and Black Swan Markets
amzn.to
Trend Commandments – Trading for Exceptional Returns
amzn.to
The Rule – How I beat the odds in the markets and in life – And how you can too
amzn.to
Market Wizards – Interviews with Top Traders
amzn.to
BUY: IOT/USD (Systematic Trend Following)## OUR APPROACH:
- 100% Systematic Trend Following Trading
- Trading Long and Short Signals with a medium-term time frame to capture +50% price moves
- Always protect your position with a stop loss (initial stop loss turns into trailing stop loss)
## TRADING LONG SIGNALS:
- Go long as the price closes above the "orange" solid Channel Line
- The "purple" dotted line always shows your current stop loss (it is trailing)
- Ride the trend as the price moves up
- Exit the position only if the price closes below the trailing stop loss
##TRADING SHORT SIGNALS:
- Go short as the price closes below the "orange" solid Channel Line
- The "purple" dotted line always shows your current stop loss (it is trailing)
- Ride the trend as the price moves down
- Exit the position only if the price closes above the trailing stop loss
##WANT TO APPLY THIS SYSTEM TO YOUR TRADING?
- Reach out to us via the message function on Tradingview to get access to this Pine Script on Tradingview
## OUR TRADING SETUP (Hit the links below to sign up for the services we love!)
Data and Charts by Tradingview:
tradingview.go2cloud.org
Trading on Binance:
www.binance.com
Trading on Bitfinex:
www.bitfinex.com
## OUR FAVORITE BOOKS
Trend Following Trading – How to make a fortune in Bull, Bear and Black Swan Markets
amzn.to
Trend Commandments – Trading for Exceptional Returns
amzn.to
The Rule – How I beat the odds in the markets and in life – And how you can too
amzn.to
Market Wizards – Interviews with Top Traders
amzn.to
BUY: BTC/USD## OUR APPROACH:
- 100% Systematic Trend Following Trading
- Trading Long and Short Signals with a medium-term time frame to capture +50% price moves
- Always protect your position with a stop loss (initial stop loss turns into trailing stop loss)
## TRADING LONG SIGNALS:
- Go long as the price closes above the "orange" solid Channel Line
- The "purple" dotted line always shows your current stop loss (it is trailing)
- Ride the trend as the price moves up
- Exit the position only if the price closes below the trailing stop loss
##TRADING SHORT SIGNALS:
- Go short as the price closes below the "orange" solid Channel Line
- The "purple" dotted line always shows your current stop loss (it is trailing)
- Ride the trend as the price moves down
- Exit the position only if the price closes above the trailing stop loss
##WANT TO APPLY THIS SYSTEM TO YOUR TRADING?
- Reach out to us via the message function on Tradingview to get access to this Pine Script on Tradingview
## OUR TRADING SETUP (Hit the links below to sign up for the services we love!)
- Data and Charts by Tradingview:
tradingview.go2cloud.org
- Trading on Binance:
www.binance.com
- Trading on Bitfinex:
www.bitfinex.com
## OUR FAVORITE BOOKS
- Trend Following Trading – How to make a fortune in Bull, Bear and Black Swan Markets
amzn.to
- Trend Commandments – Trading for Exceptional Returns
amzn.to
- The Rule – How I beat the odds in the markets and in life – And how you can too
amzn.to
- Market Wizards – Interviews with Top Traders
amzn.to
BUY: XTZ/USD## OUR APPROACH:
- 100% Systematic Trend Following Trading
- Trading Long and Short Signals with a medium-term time frame to capture +50% price moves
- Always protect your position with a stop loss (initial stop loss turns into trailing stop loss)
## TRADING LONG SIGNALS:
- Go long as the price closes above the "orange" solid Channel Line
- The "purple" dotted line always shows your current stop loss (it is trailing)
- Ride the trend as the price moves up
- Exit the position only if the price closes below the trailing stop loss
##TRADING SHORT SIGNALS:
- Go short as the price closes below the "orange" solid Channel Line
- The "purple" dotted line always shows your current stop loss (it is trailing)
- Ride the trend as the price moves down
- Exit the position only if the price closes above the trailing stop loss
##WANT TO APPLY THIS SYSTEM TO YOUR TRADING?
- Reach out to us via the message function on Tradingview to get access to this Pine Script on Tradingview
## OUR TRADING SETUP (Hit the links below to sign up for the services we love!)
Data and Charts by Tradingview:
tradingview.go2cloud.org
Trading on Binance:
www.binance.com
Trading on Bitfinex:
www.bitfinex.com
## OUR FAVORITE BOOKS
Trend Following Trading – How to make a fortune in Bull, Bear and Black Swan Markets
amzn.to
Trend Commandments – Trading for Exceptional Returns
amzn.to
The Rule – How I beat the odds in the markets and in life – And how you can too
amzn.to
Market Wizards – Interviews with Top Traders
amzn.to