15min BTC pullbacks are buyableTHE 15 min chart shows the bulls have temporarily reclaimed the 240EMA. The red line is 240, orange line is 50. The 50 is now above the 240 EMA, signaling buyers entering the market.
Femaletrader
BTC Retest then continue fallBTC setting up to retest the 200 moving. Average. Failure to hold above this moving average will result in a bear market for the coming weeks.
BTC falling to find zones of demandAnother interpretation of BTC price movement. The location of the head & shoulders is an indication of price continuation to the downside, until willing buyers decide to step back in & drive prices higher.
Shorting stocksShorting the SPY all year if we can’t break & hold above this channel. If u can’t afford to short, buy an inverse derivative like TVIX or VIX...
EURUSD entering price channelEURUSD is entering a previously formed price channel. buying at the green, selling at the red. at some point price will break above or below & the same process will begin again... simple as it gets.
BTC falling to retest?Looks like BTC will fall to retest the most recent support levels...
Also, my previous EURUSD Long has been closed. Profits were taken & I’m now short, expecting a new weekly low next week... or bounce off the most recent low, at which I will reverse to go long for at least the next month.
EURUSD Trade is in profitI previously posted a LONG entry on the eurusd. Entry was at a 1 min double bottom, just before price crossed & held the pink downward sloping, dashed line. 1st profit target is the purple line, unless the 1st box cannot be passed & price holds above. In which case I’ll exit & reverse for a SHORT to the bottom red line.
awaiting buy opportunity in EURUSDawaiting a buy opportunity to take advantage of this red channel. buying the bottom & selling the top, at the breaks of the downward/upward sloping trend lines within this channel.
btc pullbackbtc just held the upward sloping trend. i've already added to my position, awaiting a pullback to add more as long as the trend holds.these new shares i've entered will be sold if price cannot break through & hold the top red line. this will exhibit weakness & potential failure of this position, resulting in the upward sloping (green line) trend. a failure of this trend will produce a significant pullback in the BTC price. see my previous charts for how low BTC is likely to drop before going any higher (if the upward sloping (green line) trend fails..
BTC Pullback?Any decent trader can see what I see here on the DAILY. I'd be looking to add to my LONG-TERM position at a breakout to the upside, above the downward sloping white diagonal line. If this current support level (the upper green line) fails, I"d be looking for buy opportunities at the bottom green line, a solid area of buy support.
I'd appreciate your feedback on how I may make my chart drawings better for you guys. Hope they help! :>
still short BTCSimple way to spot a DOWNTREND = when horizontal channels continue to form underneath previous channels & price breaks below the newly formed channels.
Seeing other trader's chart drawings & consistent practice drawing your own will help with quickly spotting trading opportunities.
Anticipating SHORT in EUR/USDCurrent trading levels in EUR/USD. I just got into a quick scalp long. Will reverse & go short at the 1st sign of weakness at the top of this channel or wait for a retest of the current high for a larger move.
Don’t predict. Project & anticipate.There’s no need for a trader to “predict” what future price will be. Though this is entertaining, it’s not practical. As more & more traders begin to see the same picture/projection on their charts, the professional trader’s job is to simply enter & hold, forcing price to move in an AGREED direction at any given time.
BTC morning channel analysis Sept 8buying lows, selling highs for day profits. long term holds from previous buys below $4k in a separate account from my day trades...
Litecoin Channel / Key Level AnalysisJust my interpretation of the Litecoin consolidation. Short Term Long here at the bottom of the BLUE CHANNEL. Half profits may be taken at the top blue line (channel top). If price continues to hold above the blue channel, the next PROFIT TARGET will be the green DASHED line.
The DIAGONAL green line notates a trend break. Price has broken the downtrend & held above it. This could be a reversal signal, as price tries to retest the Highs.
Seeing channel analysis done in different ways helps with identifying price structure, anticipating entries, & predicting profit targets.
The CORRECT way to trade chart patterns - Head & ShouldersSimplified psychology of chart patterns:
Traders learn chart patterns but are to impatient to wait for them to show up in the right places. The point of learning to spot patterns is to be in a position to enter a reversal before price takes off. The KEY to trading chart patterns is to only trade them when inside a channel. The attempt to enter into a position should be up against the top or bottom of a channel (selling the tops, buying the bottoms).
UNDERSTAND HOW PRICES MOVE:
Prices move in levels, creating new levels above or below a current level. These levels can be formed sideways or diagonal. It will do this on every time frame until it reaches a point it can't break through. When a breakout of a channel occurs, price will continue in a given direction until it forms a new top or bottom, which creates a whole new level. Price will continue to trade inside this newly formed channel (from top to bottom) until enough momentum is created to push price OUTSIDE the level. The same process will restart.
UNDERSTANDING HOW TO ENTER A TRADE:
The higher time frame trend should be the direction a trader intends to enter. Once channels are identified, a trader should be watching for well known chart patterns to form on lower time frames AT THE CHANNEL'S top (if trend is down) or bottom (if the trend is up). THE EXIT STRATEGY should be approached similarly. For example, if the entry was LONG (at the bottom of a channel), then the trader should anticipate selling half of the position at the TOP of the current channel once a newly forming chart pattern paints a picture of weakness.
CONCLUSION:
Chart patterns are only useful within identifiable channels/levels. The highest probability to win a trade is entering into a chart pattern that is formed at the tops or bottoms of these channels.
Exiting portions of the position should be approached the same way, in anticipation of chart patterns being formed on smaller time frames at tops/bottoms of channels/levels.
s h o r t and sweet based off of current price action, price being at an area of value , break and retest of trendline... looks good to me : )
Gold possible Bullish trade First video of my technical analysis for Gold. Again this trade will only be entered with confirmation. I'll post a snapshot of how the trade works out if i enter. Discipline is keyy!
XAUUSD July 20th Analysis This is my first attempt at at Technical Analysis for SWING trading. I've been trading for a couple of months and decided to only focus on Gold.
This pair is a set up for LONG with a few pullbacks. Only thing that'll drive price below Support is fundamental news that might cause USD to gain strength.
Please leave a comment if you have something to share or ask!
Ethereum Classic. P-Modeling. PT 1. Decoding the Global Signal.Welcome to my first Ethereum Classic chart. This is part 1- decoding the global signal of Ethereum Classic. Make sure to come back for updates.
This is the global signal of Ethereum Classic based off of @Glitch420 's geometric-linear-regression modeling.
Upon confirmation of bull run, Ethereum Classic should make a full critically shift. For clarification and extension on this idea, see @Glitch420 's Ethereum Classic chart for the decoded micro signal.
Notice how the upper resistance boundary for A turns into the lower resistance boundary for B. And the middle resistance boundary for A turns into the lower resistance boundary for B. These changes in resistance boundaries help predict the future pattern of change for resistance boundaries.
Thanks for viewing! Hit that like button if ya like what you see. :) - re1907
Bitcoin. P-Modeling PT 1. Decoding the Global Signal.Welcome. Thank you for viewing my first Bitcoin chart. This is part 1... decoding the global signal of Bitcoin. Make sure to come back for updates.
I found three larger fractals and each has three smaller fractals on the upper boundary. This is the global signal of Bitcoin based off of @Glitch420 's geometric-linear-regression modeling. We are engaging in a reversal right now. Upon confirmation of reversal, the new master operator's geo-divergent boundary lines will be assumed to be validated.
The red triangle signifies a new cycle starting. There is probability that it will mimic the prior cycle on the upcoming bull run.
As always, thanks for viewing!
Hit that like button if you like what you see. :) - re1907
