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GBPJPY | Ascending Triangle & Major Resistance ..!!GBPJPY (Update) In Daily Chart, Forming ascending triangle Pattern (Bullish Pattern) At the Moment, Facing Major Resistance (135.40), If Bulls Failed to Clear it, expecting Trendline Retest ( Higher Low) If Resistance got Cleared, Next Stop Would be 144.00 area (Next Major Resistance) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
Education
by Faibik
BITCOIN | BullRun 2020 Ahead..!!BTC/USD (Update) In Weekly Chart, Bulls Facing Crucial Resistance (9.6k) If Bulls Cleared the Resistance, Expecting Bitcoin Bullrun in Coming Weeks.📈 If Bulls Failed to Clear the Resistance, Bitcoin Might Retest the 6k Area in Late June..!! Volume has been Decreasing from last 4-5 Weeks, While Bulls Need Power to Clear the Resistance. I think Bitcoin Might form another Lower High before Breakout. (But We Should Wait for Clear Direction, So far There is no Sign of Breakout or Reversal) In Weekly Chart, Bitcoin Printing 9th TD Bearish Candle & Facing Major Resistance as well..!! If Current Weekly Candle Closed Below Resistance (9.6k), We Might See Bearish Wave in Coming Days. In Shorter Timeframe Chart, Bitcoin has been forming Triangle But Not Completed yet, Expecting Tiny Bearish Wave towards the 9k before Breakout..!! Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
BITFINEX:BTCUSDEducation
by Faibik
26
Financial Engineering on BitcoinOkay, here is a strategy to make more money using leverage, while at the same time risking less money, because your hedging your position with options. In other words, make more risking less. But let’s put things into perspective. Option A: You buy Bitcoin at current price, $9,400 USD. If it raises to $20,000, as many expect, you make $10,600 USD or 112.77%. And if it drops to $6,500 USD, as some expect, you’ll lose $2,900 USD or 30.85%. Here is option B: And for that you will need an account in FTX: ftx.com You buy $7,316.5 USD worth of BULLUSD tokens, ftx.com ,which currently trades at about $3,199 USD. Those BULLUSD tokens will pay you 3X the daily return you will get in BTCUSD, and they will compound it daily, so you may end up making more than a 3X return. Here is a video that explains it: www.youtube.com And you also buy, as a hedge, right there on FTX, 2 BTC Put Options, with strike price of $9,400, and Expiration date of June 30, 2020, which should cover 2 BTC, at a cost of $1,041.75 x 2 = $2,083.5 USD. In total, you would have invested the same amount as in option A. Now let’s assume some scenarios, let’s say Bitcoin drops to $6,500 as some expect, in the first option you will lose 30.85%. In the second option, those BTC Put Options would be worth $5,800 USD (($9,400-$6,500)x2), the BULLUSD tokens would probably had lost 60% of their value, but the other 40% would be worth $2,929.6 USD + $5,800 USD = $8,726.6 USD. Your loss would only be $673.4 USD or 7.16%, instead of 30.85%. Now, let’s assume another scenario, let’s say Bitcoin jumps to $20,000 as some expect. In option A you would have made $10,600 USD or 112.77%. In option B, your options would have expired worthless, but the 3x leverage tokes would have given you about a 400% return. 3X 112.77% plus a little more because of the daily capitalization. So, the $7,316.5 investment in BULLUSD, would have grow to $36,582.5 USD, giving you a $27,182.5 return, minus the $9,400 USD, or 289% return. About 2.56 times more with less risk. The worst-case scenario would be if the price stays flat, because you will lose the option premium and the BULLUSD tokens could deteriorate a little bite. So, you will probably end up loosing $2,400 USD in the worst-case scenario, about 25.5%. Seeming that Bitcoin is close to break a triangle pattern, as shown on the chart, chances are it will move out of it way before June 30, 2020. I hope you find this interesting and good luck to you.
BITSTAMP:BTCUSDEducation
by Raul_Dominguez
12
🔺 TRIANGLES 🔺Hello, my dear friends!💋 Let's get a little developed👩🏻‍🎓 Today we a talking about 🔺 TRIANGLES 🔺. These figures 🔺 of technical analysis are distinguished by some “deceit”, therefore they are assigned to a separate category.❗ This is due to the fact, that during their formation it's rather difficult to unambiguously determine in which direction the price impulse will follow - up or down.🤷🏻‍♀️ Among such figures, symmetrical, ascending and descending triangles are popular among many traders. Of great importance ❗is the trend preceding the formation of the figure. So,🔥 if the uscending triangle was preceded by a bullish🐃 trend, then the trend will most likely not change its direction.🔥 On the picture above, the blue 💙 lines - indicate the most probable scenario of the price movement after completion of the formation of the Ascending Triangle. In green 💚 - a slightly less likely scenario that shouldn't be ruled out. Thus, in most cases, the “Rising Triangle” is seen by traders as a bullish pattern.🐃 The appearance of this figure usually indicates consolidation before the resumption of the upward movement of prices.❗ 💥 Other features of this figure :💥 🔺the upper resistance level passes through two or more local peaks approximately equal in height; 🔺the reliability of the figure increases in proportion to the duration of the previous uptrend; 🔺the lower resistance line consists of at least two consecutive minima, with each subsequent one must be higher than the previous one; 🔺often during the formation of this figure there is a decrease in trading volumes; 🔺the moment of breaking the resistance line should preferably be accompanied by an increase in trading volumes; 🔺after breaking through, the line of resistance of the figure becomes a line of support; 🔺the approximate purpose of further price movement usually corresponds to the width of the triangle formed by the upward movement. 👉🏻The “descending triangle” is often regarded by traders as a bearish🐻 pattern: This pattern is formed on a downtrend 👇🏻, in most cases indicating its continuation. At the same time, as we can see in the figure near, sometimes when you exit this figure, the price moves in the opposite direction. In its features, this figure is similar to the “Ascending Triangle” formed on the bull trend and, in fact, is its mirror image.🤲🏻 The "symmetrical 🤲🏻 triangle" is a relatively neutral figure: However, for example, if the formation of the "Symmetric 🤲🏻Triangle" was preceded by an uptrend, then this pattern will signal a high probability of continued bull dominance in the market. The same for downtrend. 💥 Other features of the figure: 💥 🔺a triangle is considered reliable and indicates a high probability of the continuation of the trend, if the trend lasted for at least several weeks before its formation; 🔺to build this figure, at least four points are needed - two for the resistance line, two more for support (a more reliable triangle is formed by six points - three for the top line, and three for the bottom); 🔺as the triangle forms and the range narrows, the trading volume should decrease; 🔺the approximate purpose of price movement is usually determined by the width of the triangle. ❗❗❗ Traders should be very careful when working with a triangle, especially with a symmetrical one. Each time when forming such a figure, two likely scenarios of price movement should be taken into account at once. Guys, I try very hard for you💓💓, I carefully select the material, I want to express my thoughts as clearly as possible! 💋💋I like to teach, I get pleasure of it😘 !!! 👍🏻Support my enthusiasm with like!😘😘 ✍🏻Write me in the comments if everything is clear to you, maybe you have any questions!🧐 🌞I'm glad of your feedback !!!🌞 Always Yours Rocket Bomb🚀💣 My previous works!👇🏻👇🏻👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
10
XAUUSD Triangular Correction - Is it Ascending or Symmetrical?The market isn't giving anything away as usual... what do you think this triangular correction is? Please leave a comment! *Disclaimer* This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust you own analysis. Beyond Edge
FOREXCOM:XAUUSDEducation
by BeyondEdge
1
Descending Triangle as Continuation and Bilateral patternDescending Triangle Pattern Tutorial : Descending Triangle is a bearish pattern and sometimes it also act as bilateral pattern. (about bilateral pattern in the previous post : "https://www.tradingview.com/chart/BTCUSDT/vYen5wAu-Ascending-Triangle-as-Continuation-and-Bilateral-pattern/") A Descending Triangle Pattern can be easily identified if you see a falling upper trendline along with a flat support. Also descending triangle have some shortcomings like it can occur false breakout and the price reverses same as Ascending Triangle. You need to see how strong the breakout was with the help of volume indicator at the time of breakout.
BITSTAMP:BTCUSDEducation
by tapasdhanadana
1
Ascending Triangle as Continuation and Bilateral patternAscending Triangle Pattern Tutorial : Ascending Triangle is a Bullish Pattern and sometimes also act as Bilateral Pattern; What is Bilateral Pattern : Bilateral Chart Patterns are triangular patterns; they signal either a continuarion or reversal of the current price movement, mainly it depends on how the price breaks the triangle pattern. There are three main types of Bilateral Chart Patterns; 1) Ascending Triangle, 2) Descending Triangle, 3) Symmetrical Triangle. An Ascending Triangle can be easily identified if you see a rising lower trendline along with a flat resistance. Also ascending triangle have some shortcomings like it can occur false breakout and the price reverses. You need to see how strong the breakout was by looking at volume at the time of breakout and if the breakout is not strong enough you can exit the trade and before entering you need to manage risk accordingly. Check Out other tutorials; (), () Stay Tuned 👍;
Education
by tapasdhanadana
5
BITCOIN | Almost Ready for Big Move..!!BTC/USD (Update) In 8h Chart, Bitcoin Has been Still Moving inside the Triangle & trying to Clear the Crucial Resistance Area ((6840-6960) . So far Bears Looking Strong, Might Retest the Trendline. (6.5k) Next Week, Bitcoin Will Decide the Direction (Make or Break it) (Waiting for Weekly Close for More Clear Direction) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
BITMEX:XBTEducation
by Faibik
14
The large opening cone speaks to long term volatility in EURGBP Long term opening cone shapes as depicted on the chart (blue lines) speaks of long term volatility as a result of fundamental market shifts in sentiment and uncertainty. BREXIT had a large part to play in this but more recently it may be COVID 19. Nonetheless, use the cone as a measure for retracement over the long term. Look for price action to retrace to half the cone initially, around the 0.88 levels.
Education
by bulls-vs-bears-since-1981
S&P 500 Emini Futures 1D Trend Following StrategyEmini Trend Following Strategies The Emini trend following strategy is probably the most powerful. Trend following has the potential to generate the biggest profits. One of the greatest traders of all time Jesse Livermore said that the big money is always made on the big market swings. We have identified two parameters that can be used to determine when we’re going to have a strong trading day: Strong trend trading days come after small daily range bars. Both the closing and the opening Emini prices close near the high and the low of the day. These Emini price characteristics need to be used in conjunction with other technical tools. It is a simple Emini pattern that can be used to develop a trading strategy around it. Why Trade Emini Futures? The main reason to trade the Emini strategy is to have a diversified exposure to the US stock market. While Emini futures are more suitable for day trading they offer several advantages for swing traders as well. Other reasons to trade the ES contract are: You can go both long and short. Unlike stock trading, there is no uptick rule when shorting the Emini contract. Trading around the clock 24-hours per day. This is extremely attractive as you can trade Emini futures around the world. You can also take advantage of the overnight Emini price swings. Tight bid/ask spreads. The large traded volume through the Emini contract offers cheap costs to enter and exit a trade. The SPX is traded on a centralized exchange (the CME), which often can translate into much clear technical chart pattern that is unique. As you can see the Emini futures market is very tempting as there are numerous trading opportunities. However, trading the Emini market without losing your hard-earned capital is a little bit harder. That’s why in order to increase your chances of successfully day trading Emini, we’re going to share the best Emini trading strategy. With this approach, you can build another stream of income. The only way you make money in the market is if you’re able to catch a trend. It doesn’t matter if you’re a day trader or a swing trader. In order to make a profit day trading the 5-minute time frame, you need an intraday trend to secure a profit. The best Emini trading strategy requires to hold your trades to the close. Don’t try to get in and out scalping ES futures because when you have a loss most likely it will eat all the previous profits. Instead, try to catch a trend move and hold it to the close. With this approach, you’ll make a lot more money because during the trend days the Emini contract tends to close near the high for bullish candles. The same is true for all large bearish range day, which closes near the low of the candle. Go study your Emini chart and you’ll see this repeating pattern over and over again. Some research suggests that when the Emini futures close in the top 10% of its range, it has an 80% chance of follow-through the next day Trade your trading plan to find entry, Stop Loss & Take Profit.
CME_MINI:ES1!Education
by Tradingstrategyguides