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Doji

Potential Long opportunity for EurGbp?The EurGbp has been moving sideways since September 2017 and price is boucing between 0.8720 and 0.8967 key levels. A long tailed Doji or I would considered it as a Pin bar was formed on last Thursday, rejecting the price from the 0.8720 key support. The Pin was followed by another bullish candlestick, which complete the classic "Morning Star" pattern. My position : Entry : 0.8738 SL : 0.8643 TP : 0.8881 *** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. *** *** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
Long
by M-royce
BITCOIN: TIME TO SURGEHere’s a daily BTC chart. As you can see, i draw two big boxes, a red one and a green one. They represent where the direction towards which BTC should go and should NOT go in order to have a bullish/bearish market. In other words, the moment BTC breaks the red box, we can be sure that we are in a BULLISH market, if it goes below the green box, we are still in a BEARISH one. All the sideways movements inside the two boxes cannot tell us in which market we are. Even strong bullish signals could just be FAKE. Today BTC is forming a DRAGONFLY DOJI/HAMMER, both are strong bullish signals. But, of course, we need a confirmation in the next 1-2 candles. The blue line is a convergence line, and the green lines are possible targets in case of an uptrend. Generally, BB, CCI and RSI pattern can confirm that an uptrend CAN happen. In this case, we will see a crossing in the MACD pattern. Trade with your brain Brainsignals Team
by Brainsignals
SPY Breaks above triangle, suggests continuation higher!After Friday's strong session, SPY has broken above its triangle which suggests a continuation higher towards $286 high's from early Feb. This rally has been on relatively low volume so caution is necessary. Today's Doji candle is concerning but weekly charts look strong. Use options to take bullish bets in this type of markets where options are cheap and you can limit your risk with Call Debit Spreads. Example: SPY April 20 278/289 Call Vertical @ $386. See this trade here: app.optionsplay.com What's your next OptionsPlay?
AMEX:SPYLong
by OptionsPlay
Bitcoin chart is bearish?According to candlestick charting criteria, we could determine a few signs of bearish implication (reversal patterns): 1. Hanging man candlestick (could be interpreted as dragonfly doji) 2. Shooting star 3. Double top as a strong reversal pattern (blue dotted line) And an additional bearish sign: 4. A decrease in price volume These are enough signs for pattern reversal but, bear in mind, candlestick charting technique cannot say how long will reversal trend lasting. Finally, this is not financial advice. Remember to always do your research before investing.
BITFINEX:BTCUSD
by Dinore
Bullish Long-legged doji MonthlyLong-legged doji is a candle with long upper and lower shadows and a small real body. The pattern shows that there is an indecision between the buyers and the sellers, and that the market is approaching transition period. Long positions can be taken in case of Bullish Long Legged Doji, once high of the candle is exceeded. Shorts can be initiated once the low of the candle is broken, in case of Bearish Long Legged Doji. Bullish: Bullish Long Legged Doji has very long shadows on both the ends. The patterns shows indecision of buyers and sellers. It is a bullish reversal pattern. In this pattern, market is in a bearish mood and is in downtrend. Then, a Long Legged Doji appears, which gaps in the current trend. This pattern requires confirmation by way of opposite move to the prior trend on next day. Bearish: Bearish Long Legged Doji has very long shadows on both the ends. The pattern shows indecision of buyers and sellers. It is a bearish reversal pattern. In this, market is in a bullish mood and is in uptrend. Then, a Long Logged Doji appears, which gaps in the current trend.
BITFINEX:BTCUSDLong
by YuyuCoyotte
2
NZDUSD 15M Short | Evening Star Pattern & dojisCandle Pattern: Evening Star Trend: Down Trend Entry: With Trend TP/SL Ratio Target: 1 to 1 Estimated PIPs: 10 Fib Entry: 61.8% Fib TP: 61.8% Stochastic: overbought Inside EMA/SMA zone: yes BB: midpoint Notes: morning star, entering after the breaking the green up bar spotted possible downside move after spotting several doji's prior bolinger mid band entry, looking for a move to the downside lower band might see a band ride to fib extension 1.382
Short
by ironcondor
Bullish spinning top doji signal ling a trend reversal?We ended the last 4 hour candle with a green bullish spinning top doji, which is typically indicative of a bullish reversal...so far the follow up candle has been acting bullish..it will need a little volume swell to really validate the spinning top but being that it occurred after a long downtrend close to where we are already anticipating the bottom of the inverted head and shoulders 2nd shoulder, has drifted far enough from the tline that its due to start drifting towards it, and is currently being followed up by a green candle and increased bull momentum, I think its most probable that we will see some temporary upside on at least this next candle. currently the 50 and 200 EMA have yet to cross so that is a good thing...there's a chance they may not even touch but they are currently as close as you can get without touching.
BITFINEX:BTCUSDLong
by DrDovetail
BTCUSD - Still have time to play alt coins!Note: this idea is extremely time constrained and may be irrelevant by time you read it. 1 hour just closed with a doji candlestick! We still have time to play alts as long as BTC is carefully watched. + Closed right on the 38.20% retracement (peak is drawn from $11185.10) + Jumped speed resistance fans like it was made for puppies + BTC can definitely drop a few dollars and ride the fan line, no $100 drop (yet) - RSI has flattened out - Price stagnation and a bad candle close can lead to a big dump (or a pump but it looks bearish as of posting) +/- Inside main trend channel. Good because we're safe, but we may hit the bottom of it if support fails. - Extreme divergence from the two moving averages. Usually when this happens we're bound for a correction. - Buy volume lacking Stay safe out there!
BITFINEX:BTCUSD
by NeoButane
Will the 50EMA bounce up off the 200 or trigger a death cross?This is a big deciding moment...the price wants to flirt with the support line of 9500 on the depth chart that I spoke of in the last idea. however we see the last 4 hour candle closed as a dragonfly doji, which is indicative of a bull reversal...the RSI is also approaching the oversold zone...9500 is also still the price dip that if it were the deepest dip of the head and shoulder patterns right should would make its trendline parallel with the necklines trendline. best to do a test vuy as close to 9500 as the price is willing to let us get and be ready with an immediate stop loss if it goes under your buy in.
BITFINEX:BTCUSD
by DrDovetail
A sudden flash crash turned a good day into a bearish dayEverything was looking dandy for bitcoin and litecoin...litecoin appeared to breaking out above a bull pennant and btc seemed well on it's way to the original head and shoulder pattern and then suddenly a whale or two must have decided to take a sizeable profit, enough to trigger an avalanche of auto sells creating FUD in the non auto sellers all culminating into ending the days candle on a shooting star doji. Never a good candle to see as it signals a trend reversal. I personally think it's just there to allow for a overdue retracement, and am still optimistic about the bulls. Especially with segwit finally being integrated...I also feel that this dip will finally kickstart the rest of the altcoin market which has been more or less flatlining ever since litecoin and btc went leroy jenkins on everyone now may be a good time for a brief short but I have a feeling it wont dip below our last retracements low. Tread cautiously and stay pragmatically optimistic. This short is only short term until the brief retracement is over..I think it will only be brief because I still think we will reach the head and shoulder price target as well as flirt with the top of the green channel.
BITFINEX:BTCUSDShort
by DrDovetail
7
AUDUSD I marked on the chart GAP from daily chart and I think it will play important role in next few days as a major support/resistance area. It seems like that the pair is back on up trend after yesterday's sharp movement. Risk ratio is set close to 3:1 and it is based on Fibonacci 50% to 150%. Green rectangle - this is very powerful formation with close to double bottom with great doji candle which is barely touching previous lows and shooting pair higher. As long as the pair is above GAP it is in my opinion good area to enter. See weekly chart for more detailed view
Long
by Krystiannwk