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BITCOIN Update - Price is moving down as expected. Looking at the 30K level to see how price reacts
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EDUCATION - Candlestick Cheat Sheet 📚
One of the most powerful tools in your trading arsenal should be candlestick patterns. Various candlestick patterns can tell us where the market is heading.
These patterns can be found on all timeframes, however the Daily candlestick patterns appear to be the most reliable.
Once you see these patterns, you can ready yourself for the next move and use other tools to enter the market such as flag patterns, MA strategy - which we've covered before (See linked charts by following the link).
Do your best to identify them when you analyse.
Full Chart
One of the most powerful tools in your trading arsenal should be candlestick patterns. Various candlestick patterns can tell us where the market is heading.
These patterns can be found on all timeframes, however the Daily candlestick patterns appear to be the most reliable.
Once you see these patterns, you can ready yourself for the next move and use other tools to enter the market such as flag patterns, MA strategy - which we've covered before (See linked charts by following the link).
Do your best to identify them when you analyse.
Full Chart
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LITECOIN - Moment Of Truth 🤞🏼
Not much has been happening with Litecoin recently. We are still under the bearish trendline and we have approached a key structure level. If we break below this level, all the gains from 2021 will have been cancelled!
Either way we can look to make money. Watch for the market to make its move first and then get in on a retest.
SHORT PLAY:
Watch for price to break below 119 and then enter on the retest of 119
LONG PLAY:
Wait for price to break above the descending trendline and enter on the retest of 149.
Full Chart
Not much has been happening with Litecoin recently. We are still under the bearish trendline and we have approached a key structure level. If we break below this level, all the gains from 2021 will have been cancelled!
Either way we can look to make money. Watch for the market to make its move first and then get in on a retest.
SHORT PLAY:
Watch for price to break below 119 and then enter on the retest of 119
LONG PLAY:
Wait for price to break above the descending trendline and enter on the retest of 149.
Full Chart
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DOGECOIN - Are We Going To The Moon? 🚀🔥
Dogecoin is also at a very important level. We are at the triple bottom level where the next moves will dictate whether we will see Dogecoin go to the moon or flop back to the bottom.
Wait to see how price reacts. If it breaks above the descending trendline, we could see it move up. If it breaks below, we could be revisiting the lows from last year.
SHORT PLAY:
Watch for 0.16 to break and then enter on the retest.
LONG PLAY:
Wait for price to break the descending trendline and look for bull flags to take it higher.
Full Chart
Dogecoin is also at a very important level. We are at the triple bottom level where the next moves will dictate whether we will see Dogecoin go to the moon or flop back to the bottom.
Wait to see how price reacts. If it breaks above the descending trendline, we could see it move up. If it breaks below, we could be revisiting the lows from last year.
SHORT PLAY:
Watch for 0.16 to break and then enter on the retest.
LONG PLAY:
Wait for price to break the descending trendline and look for bull flags to take it higher.
Full Chart
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GBPCAD Hit TP2 For 92 Pips Profit🔥
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XAUUSD Closed For 40 Pips Profit🔥
Elon Musk, Jack Dorsey & Cathie Wood are to talk about #bitcoin at The B Word Conference at 12 PM ET, today.
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EDUCATION - TOP REVERSAL PATTERNS ⚡📚
At the end of a trend, there is a typically a reversal pattern indicating to us that the trend is about to reverse. There are 3 main patterns that you NEED to know.
1. Double Bottom / Double Top
2. Falling Wedge / Rising Wedge
3. Inverse Head & Shoulders / Head & Shoulders
See full chart for full explanation of these patterns and examples.
Be sure to leave a like and comment! Feel free to share this post 🤙🏼
Full Chart
At the end of a trend, there is a typically a reversal pattern indicating to us that the trend is about to reverse. There are 3 main patterns that you NEED to know.
1. Double Bottom / Double Top
2. Falling Wedge / Rising Wedge
3. Inverse Head & Shoulders / Head & Shoulders
See full chart for full explanation of these patterns and examples.
Be sure to leave a like and comment! Feel free to share this post 🤙🏼
Full Chart
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EDUCATION - TOP REVERSAL PATTERNS ⚡📚 At the end of a trend, there is a typically a reversal pattern indicating to us that the trend is about to reverse. There are 3 main patterns that you NEED to know. 1. Double Bottom / Double Top 2. Falling Wedge / Rising…
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