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Bitcoin - You've got this all wrong - Important!Most of you have entered trading with the wrong mentality but through the right door and so you will lose your money fast and without learning anything. You'll leave the trading world disappointed and minus your hard-earned cash without realizing that you were at the right place with the wrong mindset. Crypto offers what no other asset class does; you have the ability to enter trading with just a few dollars, you have the unique chance to risk little and learn lots. trading Crypto is a sink or swim scenario but there is hope if you just change your get rich quick mentality. You can make a lot of money in this asset class but not overnight. There are some concepts that you still have to learn; from risk management to the predatory nature of unregulated exchanges, and if you don't take the time to do that you'll be stuck in the minor leagues forever. Trading is not complicated, what's complicated is finding the right trading style for your personality and needs. Join the project to make technical analysis and charting more understandable and accessible to beginners, without learning your money will disappear not multiply. PM me if you need help. WHAT'S BTC DOING NOW? It has been a few days since BTC hit resistance and was not able to go over it, it has been on a range between $9200 and $9500. A big move is bound to come soon, up or down, but it is hard to know in which direction since both sides have an equal amount of pressure building up. In spots like this is when whales usually dump or pump hard, it will be very lucrative to go in either direction. So far algos have been eating stop losses up and down, so let's continue to stay out and just watch. This is the tight range BTC has been in. Also here you can see BTC is having a tough exiting resistance. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours. THE TREND: Neutral / Sideways THE OUTLOOK: More downward movement expected.
by cryptoGats
256
GBPNZD possible LONG (Trend continuation)uk.tradingview.com Hey guys, thanks for checking out my idea, hope it helps. Why do I think Trend continuation? Let's start with the first Double Bottom (DB), it retraces at the 618 and shoots up to a new structure high, I believe that this pair is on a retracement after hitting the strong structure resistance from 2011 and also as extra confirmation the RSI is OB. In my ideal world the market would then retrace to the Fib retracement of the last leg. Trend continuation entry is your choice, but mine is Candle formation for confirmation. The 3 doted line are all clones, and show a good market harmonic. If the market was to kindly reverse at the 382 retracement of the last leg, we can see how the doted line gets close to the 1618 Fib extension of the last leg. I can see quite a few confirmations that'd suggest a strong trend continuation here. Watch out for a confirmation around the 382 or even the 500 Fib retracement, But in any case retracement can happen anywhere. 1st Profit area for me would be below the 1272 Fib extension and 2nd below the 1618. Hope I make sense and the picture/Chart speak for themselves. Cheers Freddy
Long
by freddyM-E
USDJPY Structure ImportanceHey all, Here is a potential Bat Pattern setup on USDJPY 4H chart. It's currently at a decision point that I play close attention to. We are currently at the B structure zone and the market is putting up some resistance. I like to pay attention to this zone as if we do indeed break and close above this level there is a much higher chance of the trade completing. Just thought I'd make a post showing what I'm looking for ahead of a pattern completion. Of course - if we get a completed Bat I will make another post with my targets.
by FIBSII
4
Potential bullish TC trade using Bat as entry pm GBPUSD H4We now have a valid C-leg of a potential bat in the direction of the underlying trend. If we complete, I'm looking to ride this up to retest the highest close of the pattern for my first target, and a 127.2 extension for my second target. In other words, I'm using this pattern as a reason for entry into a trend continuation trade, and not shooting for the traditional targets og 38.2 and 61.8. This is something new I'm experimenting with and currently backtesting and forwardtesting. Should the Bat fail, there's a potential bullish Cypher further down. Traditional targets of 38.2 and 61.8 on that since my outside return then will be broken.
Long
by Kjetil_Johannesen
1
USDJPY BatHey all, Here is a bullish Bat pattern at market. I have labelled the legs that stand out to me and also drawn in the C-D Fibonacci retracement to show where targets are taken. Trading 2 positions and aiming for 2 different target levels. Stop loss above X at a 113% Fibonacci retracement of X-A. With underlying trend so could aim for a third target at a retest of structure, however this depends on your comfort combining pattern trading with a trend continuation mindset. Fibsii Team
Short
by FIBSII
3
USDJPY Broke structure to the downside...Hey all, Been watching this USDJPY potential Bat pattern formation now for a week or so. Recently broke 3 levels of structure (green lines) to the downside indicating we will be pressing down to a Bat pattern completion! Probably looking for this to happen early next week but we shall see. Good Risk Reward on this too if it happens - looking for target 1 and 2's. Also planning to do some education material here on trading view to give you some insights into becoming profitable! Fibsii Team
Long
by FIBSII
EURJPY Patterns!Hey all, Here is a unique position on EURJPY 4H. We have both a Bullish Cypher forming in addition to a Bearish Bat pattern. I would personally be expecting the Cypher to complete before the bat, especially given the overall bearish market momentum. Regarding which pattern to take - take the one that fits with your rules and what your plan allows. For me I will take the first that completes, and should they both eventually complete then I will take both. Keep an eye out for these two incase you missed them! Fibsii Team
by FIBSII
Potential USDJPY Bullish BatHey all, Here we have a potential Bullish Bat Pattern forming on USDJPY. the C-D leg is in a small period of consolidation, however hoping for a press lower to complete the pattern (a break of structure where the green line is). If we get this the pattern is more likely to complete. Will be looking for 2 targets which gives us a strong Risk Reward. Given the holidays I wouldn't expect too much movement however will be paying attention to tomorrows news. Fibsii Team
Long
by FIBSII