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Trendcontinuation

LTCUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on LTCUSD. Here as you can see, the market broke above the previous highs of 263.21 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 256.52. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 235.31, and my target @ 280.01. Ultimately, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
KRAKEN:LTCUSDLong
by Matthew_Spositi
A deeper dive into OXT price action*Beginning trader and technical analyst. I received my trading education from TRi, school of trader development. **This is not trade or financial advice, but posted for entertainment. I hope this chart isn't too messy. Had a lot to say. I like this crypto. Yes, VPN, isn't sexy like NFT's, Defi, or the almighty BTC, but it is a fundamentally important growth component to the future of an internet with robust privacy and free of censorship. There are big VC names behind this crypto too, Sequoia and A16z. Why does it seem to be just hanging out? I find sometimes that I have to check my opinions and emotions at the door. I tell myself things like " oh this thing hasn't popped, so I'm going to get in early because I know it just hast to." or even "There are big VC names in it so it must be good." May be you have some of these feelings too? But what does the tech say? Am I being realistic about what this crypto is going to do today, tomorrow, next month or even next year? I want to be bullish this name. I think it has big upside potential, low market cap, relatively low coin supply, right now. I don't think we are bearish yet, but I don't think we are screaming bull. And when Bitcoin is going nuts like it is, we all know that any moves, up or down, can totally invalidate technical analysis on alt coins. So here are some of my thoughts on OXT (posted in the chart). I've become a little obsessed with OXT right now, so I will try to keep posting my thoughts. It seems like this coin may be manipulated. Seems to be a lot more potential buyers than sellers on the order book but not the price movement to reflect it. Im not the best at reading DOMS or order books , so if you have an opinion on that or any other aspect of my analysis please share as I would love to hear it. It is looking a little toppy. Maybe it will put in a double bottom off a bounce at the 50% of the range at approximately .73. Ultimately, the markets going to do any damn thing that it wants to do-I keep this in the back of my mind when trading. Trade it don't date it. COINBASE:OXTUSD
COINBASE:OXTUSD
by Cryptough
7
NZDCAD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on NZDCAD . Here as you can see, the market broke above the previous highs of 0.9012 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 0.8864. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 0.8566, and my target @ 0.9310. Ultimately, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
GBPNZD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPNZD. Here as you can see, the market broke above the previous highs of 1.9464 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.9274. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.8926, and my target @ 1.9799. Ultimately, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
GBPJPY Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPJPY. Here as you can see, the market broke above the previous highs of 152.55 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 150.38. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 148.41, and my target @ 153.30. Ultimately, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
Repeating Patterns. Correction End, Major Continuation. S&P 500.This is a non-specific pattern that can be found in any market. I am training my eyes to look out for it. Soon I will be able to trade it. I can do hit the entry in sim just fine when I have nuts the size of the moon, but on live it's a different story, and you and I know it, so practice practice practice. Being able to stack the probabilities in your favor for knowing when a correction is ending is like knowing the location of one of the jewels used to activate the holy grail. Hopefully, you and I can see the value of pursuing this knowledge.
CME_MINI:ESM2021Education
by emehoke
BURST about to go parabolic?Burstcoin (BURST) is a cryptocurrency based on a proof-of-space (PoS) algorithm, which uses a mining device’s available disk space instead of following other energy-intensive mining methodologies. It has been consolidating in a falling wedge over the span of 2 years and has just recently broken out to the upside. The average directional index (ADX) is greater than 25, indicating a strong trend. Furthermore, the commodity channel index is greater than 200 and rising, reaffirming the strength of this trend.
B
by otis_bagshots
1
USDJPY > Possible Trend Continuation Setup!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis up on #USDJPY Hello friends. Last Friday we got a very strong NFP number well above estimates, that's why I am expecting a strong week for the dollar, I will look for chances to get in some dollar buys this week. Looking at this setup we have a bullish flag that indicates to me that traders are accumulating more dollars and a break to the upside is possible. I usually require two touches on either side for this setup but since we are near 111:00, I am looking for a more conservative way to get in this trade this week for a better risk to read and high probability trade. Safe trading everyone Check today analysis below⠀ >> you must know what is your risk before you get in a trade, many traders will only look at how much they will get _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
10
XMRUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on XMRUSD. Here as you can see, the market broke above the previous highs of 243.344 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 244.287. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 229.178, and my target @ 261.366. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:XMRUSDLong
by Matthew_Spositi
DOGEUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on DOGEUSD. Here as you can see, the market broke below the previous lows of .0524 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .0539. Since my entry got hit, I put my stop loss above the most recent high @ .0580, and my target @ .0499. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation, advice or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BINANCE:DOGEUSDShort
by Matthew_Spositi
NZDUSD > Where to Sell for Trend Conuation !! Truly Appreciate you taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you. Follow up on #NZDUSD Hello friends. the market now formed a double bottom, good for a reversal trade, but I am somewhat conservative on selling dollars these days. my plan is to wait for the price to enter the resistance level and look to short it for trend continuation trade to the downside Safe trading everyone Check today analysis below⠀ >> Don’t focus on making money, focus on protecting what you have. _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Short
by TheTradersAvenue
16
ETHUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on ETHUSD. Here as you can see, the market broke above the previous highs of 1,838.79 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1,818.13. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1,778.32, and my target @ 1,861.65. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:ETHUSDLong
by Matthew_Spositi
LTCUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on LTCUSD. Here as you can see, the market broke above the previous highs of 197.51 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 194.00. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 188.34 , and my target @ 199.71. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
KRAKEN:LTCUSDLong
by Matthew_Spositi
XMRUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on XMRUSD. Here as you can see, the market broke below the previous lows of 211.60 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 220.19. Since my entry got hit, I put my stop loss above the most recent high @ 232.04, and my target @ 205.86. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation, advice or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:XMRUSDShort
by Matthew_Spositi
ETHUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on ETHUSD. Here as you can see, the market broke below the previous lows of 1650.18 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1666.48. Since my entry got hit, I put my stop loss above the most recent high @ 1761.65, and my target @ 1553.17. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation, advice or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:ETHUSDShort
by Matthew_Spositi
BTCUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on BTCUSD. Here as you can see, the market broke below the previous lows of 52818.4 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 54592.9. Since my entry got hit, I put my stop loss above the most recent high @ 57423.6, and my target @ 50945.4. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:BTCUSDShort
by Matthew_Spositi
BTCUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on BTCUSD. Here as you can see, the market broke above the previous highs of 57,341.1 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 55,948.5. Since my entry got hit, I put my stop loss below the most recent low @ 53,026.0, and my target @ 59,556.1. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:BTCUSDLong
by Matthew_Spositi
ETHUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on ETHUSD. Here as you can see, the market broke above the previous highs of 1,849.27 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1,786.32. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1,723.40, and my target @ 1,858.47. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:ETHUSDLong
by Matthew_Spositi
ETHUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on ETHUSD. Here as you can see, the market broke above the previous highs of 1,824.32 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1,771.32. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1,713.36, and my target @ 1,840.11. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:ETHUSDLong
by Matthew_Spositi
BTCUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on BTCUSD. Here as you can see, the market broke above the previous highs of 57,143.7 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 56,363.5. Since my entry got hit, I put my stop loss below the most recent low @ 53,700.2, and my target @ 59,550.2. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:BTCUSDLong
by Matthew_Spositi