Crazy wick on the 15m and 5m! Assuming a stop-loss trigger to get some liquidity for the next move up!
Good Day Traders, I hope all is well. These are my thoughts for GBP/CAD. After a strong and lengthy downtrend price has begun to exhaust and has found a strong level of support. The market is creating a series of downside wick rejections on the 1hr and 4hr timeframe , indicating strong buy pressure. Advice: Stop trying to always being right. I myself have lost...
Hello everyone! I will keep it compact as always: 1. Be patient, wait for the candles to reject the fib golden zone 2. At the same time the candle rejects to break above the SMA 8 (I don't show the SMAs to keep it cleaner) 3. The RSI is showing divergence wich means high possibility for bearish action 4. Go to a smaller timeframe and get yourself a sniper...
I noticed that on longer time frames, BTC candles tend to separate into 2 channels on upwards moves - the wicks, and the bodies. Currently we wicked up into the wick channel, but came back down into the body channel. Theoretically, a decisive break of the downtrend would have to include a candle in which the body breaks into the wick channel. If the breakout is...
Bitcoin, Bitcoin, Bitcoin - Looks like you've just broken some some pretty strong resistance there. Right? Maybe, maybe not... A quick glance at the chart reveals a very interesting and significant point to make, BTC is poking it's head out above the top weekly resistance line! This looks superb, the move we've been waiting for, said to happen on or around this...
highest finalized transaction price in the history of the ETHUSDT perp on binance. buyer discretion is advised I guess. If you bought that wick, Im praying for you rn.
I've gotten sucked into creating the script for this study and lost track of my reasons for creating it in the first place. I was playing around with the idea of comparing weekly/monthly candles sizes seasonally/YoY (however that is stated). I'm running out of time to publish this study. I promised a 6 yr old I would go outside with him. Good...
Hello fellow traders, today we have a new price analytics on $BTC and i think i found something interesting here on the chart. If you fire up your MACD and calibrate it, draw the 4 neck and bottom lines on the tops and downs and found the zig-zag pattern in it measerud out, you can find a flaccid wick pattern which could occur in the next time, get you long on 4k...
Bullish movement good be incoming! Good luck.
DLTBTC is breaking out from its resistance line on the 4 hour chart around 0.00000517. You can also see that RSI is crossing the moving average and the MFI hasn't topped out yet (in fact it just bottomed and started going up). I thought there was some room to buy before it becomes overbought. One target would be the next resistance line around 0.0000055 but if a...
This pair has a possible short setup forming after the support was broken. I'll be looking for: 1. Fibonacci levels to be met 2. Signal candle 3. Confluence like the resistance and moving average coming into play.... This setup is to be confirmed with the above in mind. Don't invest what you can't afford to lose. This is not investment advice. Subjective...
is long wick candle saying something? is it buying by smart money?
If we breakdown the green triangle & orange Baseline then ~$7900 will happen #doggonacci
BTC staying in the channel for now, that wick looks like it was hunting for stops. Most likely liquidated a lot of long positions. Volatility is the name of the game.
I am trading intraday with a bullish bias. However the week candle has now printed an incredibly huge rejection wick. This means BTC is not yet in a place where a long term bull trade is justifiable. That rejection wick is going to take a lot of buying pressure to get past which means tests to the bottom of the range are still very likely. Probably not a good...