W-patterns
Daily Wisdom 16 - Track what mattersDaily behaviors leads to results. Too many focus on the results while lacking daily behaviors. No wonder they fail.
BTC will continue uptrend upon support. Target 12,927 - 17,146!Greetings dear traders,
Here's what I see happening on the charts. BTC market has gotten ahead of itself. We are now consolidating and entering back into the "Larger Uptrend Channel". We will still reach our targets or 12,927 and 17,146 after that. It will simply take a little more time if we reside in this channel.
As you can see from the chart, we should find support soon (maybe by the end of the week).
Good luck traders! Many blessings to you all.
Daily Wisdom 13 - Such is the marketO Captain! my Captain! our fearful trip is done,
The ship has weather’d every rack, the prize we sought is won,
The port is near, the bells I hear, the people all exulting,
While follow eyes the steady keel, the vessel grim and daring;
But O heart! heart! heart!
O the bleeding drops of red,
Where on the deck my Captain lies,
Fallen cold and dead.
My Go To Setups/Entries in TradingHi everyone:
Many traders have asked me to give a more in depth look into what a typical setup that I would be looking for, what are some possible entries that I will take.
So I figure I will make an educational video and analysis breakdown on a few trades that fits my trading plan, risk management, and trading strategies/style.
I will go over 3 setups/entries that I usually look for in the market. I will explain what I want to see from price action and structures before considering a possible entry.
Entry #1: Double Top/Bottom
-potential double top/bottom on the higher time frame
-corrective structures forming to push price near the area
-enter the breakout or reversal
Entry #2: Continuation Correction
-break of the higher time frame continuation correction structure
-price formed lower time frame corrections
-enter the reversal, breakout, or correction after breakout
Entry #3: Top/Bottom of structure
-price is at the top/bottom of the higher time frame structure
-price form some sort of correctional structures within the larger structure
-enter the breakout, or correction after breakout
As always, feel free to ask me questions and comments.
Thank you
GBP/NZD sell watchlist This was another trade that i didn't take that was in my watch list and ended up in profit.
LOTS OF RESISTANCE FOR BITCOIN. WHAT NOW?CURRENTLY, BITCOIN IS AT A CRUCIAL POINT. WE DID FIND SUPPORT ON THE LAST ZONE AND GOT THROUGH THE 0.5 FIB LVL. THE 0.5 FIB LVL HAS PROVIDED A LOT OF RESISTANCE AND SUPPORT IN THE PAST WEEKS. BUT WE ARE NOT OUT OF THE WOODS YET. ABOVE US THERE IS A LOT OF RESISTANCE. STARTING WITH THE RESISTANCE LINE 1 AROUND 11500 $. THEN WE HAVE THE TWO TRENDLINES OF THE ASCENDING TRIANGLE, WHERE WE GOT REJECTED THE PAST DAYS. WE ALSO HAVE THE SECOND LARGE RESISTANCE LINE AROUND THE PRICE OF $12000. FINALLY WE HAVE THE LAST RESISTANCE LINE AROUND $12100, WE HAVE NOT SUCCESSFULLY BREAKTHROUGH THIS AND CHANGE IT INTO SUPPORT.
WHAT WE ALSO MUST NOT FORGET IS THAT WE ARE CURRENTLY IN A DESCENDING CHANNEL. THIS HAS NOT YET BEEN BROKEN. WE ARE ALSO MOVING BETWEEN 50 MA AND 200 MA. FINDING AN OUTBREAK ABOVE THE 50 AND 200 MA AND FLIP IT TO SUPPORT, COULD BE POSITIVE. HOWEVER GETTING AN REJECTION FROM THE 50 AND 200 MA COULD GET US BACK TO THE LAST ZONE OF SUPPORT. THIS COULD BE BEARISH IN THE SHORTTERM. THE MORE YOU TEST A ZONE, THE LARGER THE CHANCE THAT THIS ZONE WILL BE BROKEN. IN THAT CASE WE COULD SEE A PRICE TARGET AROUND THE $10500.
ON THE OTHER SIDE IF WE CAN BREAK ALL THIS RESISTANCE. WE CAN EXPECT A PRICE TARGET OF $13,300 TO $14,000. ONLY TIME WILL TELL US.
EURJPYPrice got a big rejection on the top and with a strong bearish pressure. Seems good to take this moment
<<Reversal Patterns of Technical Analysis>> Hello, my lovely and so clever friends! Today we are talking about <> 🧡
💥 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🚀💣
My previous work for You 💋
BTC/USDT C Wave Ascending Triangle Breakout - ScalpBTC/USDT C Wave Ascending Triangle Breakout - Scalp
UK 100 6113.3 + 1.82 % LONG IDEA * MOMENTUM CONTINUATIONGood Day EVERYONE
A look at the UK100 index that Rallied up with strong momentum just looking for a continuation of this move with the BULLS. key > RIDING THE TIDE.
let's see how it goes
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 6160.8
TP 2 - 6213.8
SL - 6083.2
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TRADE IDEA FOR GBPNZDI expect bullish reversal breaking our resistance, then we wait for a retest and with a bullish momentum we go long.
This trade will be invalid if the diagonal support is broken and price keeps depreciating, in that instance we will look out for a sell setup
Only for education purposes and Bullish heroes- Check the weekly trendline before going bullish on this
- some might say that this could be a breakout but there's a head and shoulders patter in 3 hrs frame
- wait for a move and then enter or exit from this
- most of the patterns are showing a bearish trend only
- this is just my opinion
12,927 or even 17,146 coming THIS WEEKEND or NEXT WEEK!Yes, I said it. Bold prediction I know. But, the way I read the charts, it looks as though all the stars are aligned. I've been wrong before (why I always set my stops), I could be wrong again. But geez people, just have a look at these indicators!
