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Unique

Coiled Bottom - Unique Bullish Pattern (GBPCHF, H4)This is one of the patterns that I've been trading for years that I discovered on a GDX weekly chart. I call it a "Coiled Bottom". Basically the market has two up and down waves that acts as a coil. You look to buy at 61.8% A2 or lower of the second down wave (B2). The main target is 1.618 of the second down wave (B2). My entry is a cross of the "entry cross" level. My stops are about 2/3 the distance of the up-wave. The target is at 1.2675 (1.618 B2). One other thing.... the cross of the "entry cross" level needs follow through from two bars. If that doesn't happen it tends to stop-out. So i'll be waiting for the orange line with a limit order and for there to be a "good" up bar showing people have entered positions. If that doesn't happen or if it corrects a small distance into the cross bar then I'll exit for a small loss and wait for another test of the same level to enter again. My risk on this trade is 2.75% (this fits my risk tolerance).
Long
by kosai19
6
Oil's Dominance is Destroying BitcoinBecause of the world's actual, practical reliance on oil, even BTC is having a hard time keeping up. Bitcoin, sadly, is in a bear trend against oil. I don't know when this bear trend will end, either. I cannot tell if it is short or long term. Perhaps someone with experience trading oil futures and whatnot can chime in. Otherwise, watch out, fellow crypto enthusiasts. Looks like Oil's very stubbornly dragging BTCUSD down through all this worldly conflict. What do you think? Does this indicator even matter? How does this affect market confidence in bitcoin? Does it even affect it at all?
BITSTAMP:BTCUSD
by florasora
2
Welcome to the Upside Down-=BTC/USDT Weekly Chart=- ========================== Greetings fellow investors and crypto enthusiasts, This is my personal BTC chart, only it's upside down. Why? Well imagine for a second that this formation was on a Bullish chart with green filled in weekly candles closing higher and higher.... What kinds of patterns would be drawn on this chart? How many Elliot Wave counts would be all over it? To help see a different perspective, I decided on thinking on this for a while. I realized that in the past I have underestimated how far a bear rally can go, and when the charts are bullish, many individuals will give ridiculous price targets, completely overestimating how far things already have run... Point is, we are slow to react to things because we are humans and not a machine. We also have emotions, but in order to manage those emotions, it's best to come up with a trading plan and stick to it. ========================== -=Tech Analysis=- Orange = EMA 21 Green = SMA 50 Yellow = SMA 100 Trend lines and curves represent ideas of predictions towards resistances and supports. They are also there to display an ongoing record of these things. With that in mind... 1) Clear bear rally, every single green candle has not held more than a single week. 2) There is breaking of upwards momentum and if the 100MA is breached, the chance of a long squeeze increases. 3) Currently price action is at previous resistance area. If the bears cannot rally this beyond the 100MA, I believe support will be found and the bulls have a great chance of reversing the downtrend. However, before it can happen, I caution patience. And above all else, create a trading plan, stick to it. The most important thing to manage? Position size and risk. And if you are entering the markets, consider Dollar Cost Averaging. Ofcourse these are all just ideas, any risk that you choose to incur is your responsibility. None of this is financial advice and purely for education purposes. May BTC reach the moon,
by gendark2
MetaHero. Second to noneHello! This will be little different update. I couldn't find an chart of this crypto but I want my followers to be aware of this project. It is called MetaHero (Hero) . They will bring a possibility for people to make of them selfs an avatar, 3D model (kind of nft) which then can be used in virtual reality. The technology is already there partnered and designed by Wolf Studio. This is something that no one else has. Most of the cryptos are fighting in the same areas. This isn't Metaskanner takes an picture of the person, item or what ever you want to take picture of and makes an 3D Ulta-HD model of it. These models will ofc cost to make. This is part of their business model and will work as a marketing rocket. Think about it. Someone famous takes this Ultra-HD 3D model and uploads it to their channel, this will bring masses aware of this. It is genius if you ask me. CEO is Robert Gryn -Youngest self-made entrepreneur to make the Forbes 100 Richest list in Poland -Former CEO of Codewise, the 2nd fastest growing company in Europe. Years 2017, 18 and 19. That ain't an easy thing to accomplish. -Sold Codewise he shifted 100% of his attention and focus to crypto metahero.io www.youtube.com (Inside the metaskanner) If you will participate in this only use the amount you are willing to lose This is not an advertisement or a financial advice Take care :) -Jebu
BITSTAMP:BTCUSDLong
by PalenTrade
6
EOS/USDT 1 Day Chart This is not your traditional idea. This is purely based off my high sensitivity to pattern recognition. Basically I literally got an eye for this. With a background in digital graphics and art for 20 years I am sure that helped. The formation we started with pumps through all the resistance of the previous hill in this scenario. The formation I spotted will be zoomed in on in the comments. I have cataloged mentally many unique patterns that are not part of your traditional technical analysis . I will be compiling and publishing a book detailing them and the gains you can expect to see with each along with picture example of before and after. I hope you enjoy this one. Throw me a like and follow me for unique concepts and charting that gets you in the gains.
ELong
by The_New_Disciple
EURNZD BUY ALREADY RNNING +3.4% GAIN!EURNZD RUNNING WELL SO FAR! Currently running at a 3.4% account gain! What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
by congibb
Unique arbitrage oppurtunity What you are looking at here is an interesting ratio. First part is the ETHUSD/ETHEUR ratio, as given by Kraken. This simply gives the EURUSD ratio in terms of ETH. Theoretically, this should be the exact EURUSD as given by forex, but it sometimes isn't. So if we look at the (ETHUSD/ETHEUR) ratio and compare it to the real EURUSD ratio, it looks like this: ETHUSD/ETHEUR/EURUSD. When it is perfectly 1.00 there is no arbitrage opportunities, but when including commission and slippage it seems to only be profitable above 1.01 and below 0.99. In practice this would be executed in an API being triggered to move EUR to USD through ETH when the ratio is at or above 1.02 and then back to EUR through ETH when the ratio is at or below 0.98. This would roughly give you a 3% profit in your EUR holdings when this is triggered. Of course this can be done between any 3 currency pairs. BTCUSD/BTCEUR/EURUSD, BTCXRP/BTCETH/ETHXRP, or anything of the form ab/ac/cb.
KRAKEN:ETHUSDEducation
by mcbw_
6
EG Bearish Bat Weekly, Great RR, wait to enter, PIPS PIPS PIPSHello Trading View, Here on the EurGBP Weekly TF we have a unique Bearish Bat that has completed. Price action has shown all necessary reversals at the required ratios, and price in the PRZ has shown signs of confirmation of trend change. Heres why this pattern is unique. VOLUME. The volume at point D was EXTREMELEY HIGH!!!!!! See Green arrow indicating said volume. This volume spike combined with the terminal price bar that tested the PRZ is SOLID CONFLUENCE....!@!?@>!?@>!>!!! We have the necessary confluence of all 5 point harmonic patterns being an ABCD pattern. This pattern is an extended ABCD pattern. C point retracing 88.6% of AB, topside projection would normally be the 1.13%, but it has completed an extended pattern around the 1.618 expansion of BC. This is an extended 1.618 AB=CD pattern as defined in the Harmonic Trader : Volume 1 by Scott Carney. Price action has retraced and beginning of this week shown a bullish gap. Expect price to fill the gap and continue to drop to the projected IPO1 and IPO2. The pound seems weak now, so Id wait for some confirmation prior to shorting. If you're aggressive short now (treating current price action as a retracement) and ride er on down. Trade safe, trade smart. -K
Short
by KumaTF