π Pattern of the day: Failed Breakout (Bull Trap)
π΄ Bearish reversal
Price pokes above resistance, late buyers jump in, and it falls right back inside. Trapped buyers become sellers.
β Entry: the close back inside the range
π Stop: above the fake breakout high
π― Target: the bottom of the range
π‘ Failed breakouts often move faster than real ones. Always wait for a candle CLOSE before buying a breakout.
#FailedBreakout #ChartPatterns #TechnicalAnalysis #BTC #LIT #NEAR #Binance
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π΄ Bearish reversal
Price pokes above resistance, late buyers jump in, and it falls right back inside. Trapped buyers become sellers.
β Entry: the close back inside the range
π Stop: above the fake breakout high
π― Target: the bottom of the range
π‘ Failed breakouts often move faster than real ones. Always wait for a candle CLOSE before buying a breakout.
#FailedBreakout #ChartPatterns #TechnicalAnalysis #BTC #LIT #NEAR #Binance
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π‘ Advice #46 Β· Trading library
Good records make good traders.
Keep a journal with a screenshot of every entry and exit. Reviewing it is how you stop repeating the same mistakes.
π Trading for a Living β Alexander Elder
#Advice_46 #Beginners #AlexanderElder #TradingBooks #TechnicalAnalysis #BTC #NEAR
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Good records make good traders.
Keep a journal with a screenshot of every entry and exit. Reviewing it is how you stop repeating the same mistakes.
π Trading for a Living β Alexander Elder
#Advice_46 #Beginners #AlexanderElder #TradingBooks #TechnicalAnalysis #BTC #NEAR
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βοΈ Contact @Adler_Ross
π Pattern of the day: Cup & Handle
π’ Bullish continuation
A rounded bottom (the cup) and a small pullback (the handle) below the old high. Slow accumulation, then release.
β Entry: a close above the rim
π Stop: below the handle's low
π― Target: the cup depth, added to the rim
π‘ The handle should form in the upper half of the cup. A deep handle is a red flag.
#CupAndHandle #ChartPatterns #TechnicalAnalysis #BTC #QTC #BOOMER #Gems
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π’ Bullish continuation
A rounded bottom (the cup) and a small pullback (the handle) below the old high. Slow accumulation, then release.
β Entry: a close above the rim
π Stop: below the handle's low
π― Target: the cup depth, added to the rim
π‘ The handle should form in the upper half of the cup. A deep handle is a red flag.
#CupAndHandle #ChartPatterns #TechnicalAnalysis #BTC #QTC #BOOMER #Gems
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π‘ Advice #47 Β· Trading library
Tightening price before a breakout is a good sign.
Minervini's volatility contraction: each pullback gets smaller as sellers dry up. The final tight area often comes right before the move.
π Trade Like a Stock Market Wizard β Mark Minervini
#Advice_47 #Beginners #MarkMinervini #TradingBooks #TechnicalAnalysis #BTC #NEAR
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Tightening price before a breakout is a good sign.
Minervini's volatility contraction: each pullback gets smaller as sellers dry up. The final tight area often comes right before the move.
π Trade Like a Stock Market Wizard β Mark Minervini
#Advice_47 #Beginners #MarkMinervini #TradingBooks #TechnicalAnalysis #BTC #NEAR
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π Pattern of the day: Bearish Engulfing
π΄ Bearish reversal candle
A big red candle fully swallows the previous green one. Buyers just lost control.
β Entry: below the engulfing candle's low
π Stop: above its high
π― Target: the nearest support below
π‘ Bearish engulfing on the daily at resistance is a signal to protect profits.
#BearishEngulfing #ChartPatterns #TechnicalAnalysis #BTC #NEAR #QTC #Trading
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π΄ Bearish reversal candle
A big red candle fully swallows the previous green one. Buyers just lost control.
β Entry: below the engulfing candle's low
π Stop: above its high
π― Target: the nearest support below
π‘ Bearish engulfing on the daily at resistance is a signal to protect profits.
#BearishEngulfing #ChartPatterns #TechnicalAnalysis #BTC #NEAR #QTC #Trading
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π Pattern of the day: Ascending Triangle
π’ Bullish continuation
Flat resistance with higher lows. Buyers step in earlier every time: pressure builds under the ceiling.
β Entry: a close above the flat resistance
π Stop: below the last higher low
π― Target: the triangle's height, added to the breakout
π‘ Breakouts with a volume spike are far more reliable than quiet ones.
#AscendingTriangle #ChartPatterns #TechnicalAnalysis #BTC #WLD #QTC #Crypto
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π’ Bullish continuation
Flat resistance with higher lows. Buyers step in earlier every time: pressure builds under the ceiling.
β Entry: a close above the flat resistance
π Stop: below the last higher low
π― Target: the triangle's height, added to the breakout
π‘ Breakouts with a volume spike are far more reliable than quiet ones.
#AscendingTriangle #ChartPatterns #TechnicalAnalysis #BTC #WLD #QTC #Crypto
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π‘ Advice #49 Β· Trading library
A level matters more the longer price spent there and the more volume traded there.
Not all support is equal. A zone that held for weeks on heavy volume is far stronger than a one-day wick.
π Technical Analysis of the Financial Markets β John J. Murphy
#Advice_49 #Beginners #JohnJMurphy #TradingBooks #TechnicalAnalysis #BTC #QTC
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A level matters more the longer price spent there and the more volume traded there.
Not all support is equal. A zone that held for weeks on heavy volume is far stronger than a one-day wick.
π Technical Analysis of the Financial Markets β John J. Murphy
#Advice_49 #Beginners #JohnJMurphy #TradingBooks #TechnicalAnalysis #BTC #QTC
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βοΈ Contact @Adler_Ross
π Pattern of the day: Liquidity Sweep
π’ Bullish reversal
Price dips below an obvious support, triggers everyone's stops, then snaps back above. Big players filled their orders.
β Entry: the candle that closes back above support
π Stop: below the sweep wick
π― Target: the top of the range
π‘ Obvious levels attract stops. A fast reclaim after the sweep is often stronger than a clean bounce.
#LiquiditySweep #ChartPatterns #TechnicalAnalysis #BTC #AERO #UHI #Crypto
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π’ Bullish reversal
Price dips below an obvious support, triggers everyone's stops, then snaps back above. Big players filled their orders.
β Entry: the candle that closes back above support
π Stop: below the sweep wick
π― Target: the top of the range
π‘ Obvious levels attract stops. A fast reclaim after the sweep is often stronger than a clean bounce.
#LiquiditySweep #ChartPatterns #TechnicalAnalysis #BTC #AERO #UHI #Crypto
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π Pattern of the day: Morning Star
π’ Bullish reversal (3 candles)
Big red candle, small indecision candle, big green candle. The downtrend pauses, then buyers take over.
β Entry: after the third candle closes
π Stop: below the middle candle's low
π― Target: the nearest resistance above
π‘ The third candle should close at least halfway into the first red candle.
#MorningStar #ChartPatterns #TechnicalAnalysis #BTC #UHI #LIT #CryptoSignals
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π’ Bullish reversal (3 candles)
Big red candle, small indecision candle, big green candle. The downtrend pauses, then buyers take over.
β Entry: after the third candle closes
π Stop: below the middle candle's low
π― Target: the nearest resistance above
π‘ The third candle should close at least halfway into the first red candle.
#MorningStar #ChartPatterns #TechnicalAnalysis #BTC #UHI #LIT #CryptoSignals
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π‘ Advice #51 Β· Trading library
Markets alternate between trends and ranges.
Trend-following tools lose money in ranges; range tools lose in trends. First decide which market you're in.
π The Art & Science of Technical Analysis β Adam Grimes
#Advice_51 #Beginners #AdamGrimes #TradingBooks #TechnicalAnalysis #BTC #PEPE
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Markets alternate between trends and ranges.
Trend-following tools lose money in ranges; range tools lose in trends. First decide which market you're in.
π The Art & Science of Technical Analysis β Adam Grimes
#Advice_51 #Beginners #AdamGrimes #TradingBooks #TechnicalAnalysis #BTC #PEPE
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βοΈ Contact @Adler_Ross
π Pattern of the day: Rising Wedge
π΄ Bearish reversal
Price climbs, but each push gains less ground than the last. Two rising lines converging = buyers getting tired.
β Entry: a close below the lower wedge line
π Stop: above the last high
π― Target: the start of the wedge (its widest point)
π‘ Rising wedges after a long rally are one of the most reliable topping signals.
#RisingWedge #ChartPatterns #TechnicalAnalysis #BTC #IRYS #DACITY #KuCoin
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π΄ Bearish reversal
Price climbs, but each push gains less ground than the last. Two rising lines converging = buyers getting tired.
β Entry: a close below the lower wedge line
π Stop: above the last high
π― Target: the start of the wedge (its widest point)
π‘ Rising wedges after a long rally are one of the most reliable topping signals.
#RisingWedge #ChartPatterns #TechnicalAnalysis #BTC #IRYS #DACITY #KuCoin
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π‘ Advice #52 Β· Trading library
Volume should grow in the direction of the trend.
A healthy uptrend sees heavier volume on up moves and lighter volume on pullbacks. When rallies come on shrinking volume, the trend is getting tired.
π Technical Analysis of the Financial Markets β John J. Murphy
#Advice_52 #Beginners #JohnJMurphy #TradingBooks #TechnicalAnalysis #BTC #DACITY
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Volume should grow in the direction of the trend.
A healthy uptrend sees heavier volume on up moves and lighter volume on pullbacks. When rallies come on shrinking volume, the trend is getting tired.
π Technical Analysis of the Financial Markets β John J. Murphy
#Advice_52 #Beginners #JohnJMurphy #TradingBooks #TechnicalAnalysis #BTC #DACITY
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βοΈ Contact @Adler_Ross
π Pattern of the day: Inverse Head & Shoulders
π’ Bullish reversal
Three lows, the middle one deepest. Sellers fail to make a new low on the right shoulder: the downtrend is losing grip.
β Entry: a candle closes above the neckline
π Stop: below the right shoulder
π― Target: the head-to-neckline height, projected up from the break
π‘ Look for rising volume on the neckline break, that's the confirmation buyers are back.
#InverseHeadAndShoulders #ChartPatterns #TechnicalAnalysis #BTC #BSC #ZEC #MEXC
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π’ Bullish reversal
Three lows, the middle one deepest. Sellers fail to make a new low on the right shoulder: the downtrend is losing grip.
β Entry: a candle closes above the neckline
π Stop: below the right shoulder
π― Target: the head-to-neckline height, projected up from the break
π‘ Look for rising volume on the neckline break, that's the confirmation buyers are back.
#InverseHeadAndShoulders #ChartPatterns #TechnicalAnalysis #BTC #BSC #ZEC #MEXC
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π Pattern of the day: Break & Retest
π’ Bullish continuation
Resistance breaks, price comes back to test it from above, and it holds as support.
β Entry: the bounce off the old resistance
π Stop: below the retested level
π― Target: the next resistance / prior swing high
π‘ Old resistance becoming support is one of the cleanest entries in trading. Be patient for the retest.
#BreakAndRetest #ChartPatterns #TechnicalAnalysis #BTC #DACITY #GateIO #CryptoSignals
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π’ Bullish continuation
Resistance breaks, price comes back to test it from above, and it holds as support.
β Entry: the bounce off the old resistance
π Stop: below the retested level
π― Target: the next resistance / prior swing high
π‘ Old resistance becoming support is one of the cleanest entries in trading. Be patient for the retest.
#BreakAndRetest #ChartPatterns #TechnicalAnalysis #BTC #DACITY #GateIO #CryptoSignals
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π‘ Advice #54 Β· Trading library
Mind, Method, Money: you need all three.
A great method fails with bad psychology or poor money management. Most traders work only on the method, the other two decide the result.
π Trading for a Living β Alexander Elder
#Advice_54 #Beginners #AlexanderElder #TradingBooks #TechnicalAnalysis #BTC #ZEC
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βοΈ Contact @Adler_Ross
Mind, Method, Money: you need all three.
A great method fails with bad psychology or poor money management. Most traders work only on the method, the other two decide the result.
π Trading for a Living β Alexander Elder
#Advice_54 #Beginners #AlexanderElder #TradingBooks #TechnicalAnalysis #BTC #ZEC
Β© Best Traders Β· @Best_traders_1
βοΈ Contact @Adler_Ross
π Pattern of the day: Shooting Star
π΄ Bearish reversal candle
A small body with a long upper wick after a rally. Buyers tried, sellers slammed it back down.
β Entry: below the star's low on the next candle
π Stop: above the star's wick
π― Target: the nearest support below
π‘ Shooting stars at resistance after a big run are a good time to tighten stops.
#ShootingStar #ChartPatterns #TechnicalAnalysis #BTC #PONS #SOL #MEXC
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π΄ Bearish reversal candle
A small body with a long upper wick after a rally. Buyers tried, sellers slammed it back down.
β Entry: below the star's low on the next candle
π Stop: above the star's wick
π― Target: the nearest support below
π‘ Shooting stars at resistance after a big run are a good time to tighten stops.
#ShootingStar #ChartPatterns #TechnicalAnalysis #BTC #PONS #SOL #MEXC
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π‘ Advice #55 Β· Trading library
Effort vs result: big volume with little progress is a warning.
If heavy volume can't push price further, someone is absorbing it on the other side. The trend may be about to turn.
π The Wyckoff Methodology in Depth β RubΓ©n Villahermosa
#Advice_55 #Beginners #RubΓ©nVillahermosa #TradingBooks #TechnicalAnalysis #BTC #NEAR
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Effort vs result: big volume with little progress is a warning.
If heavy volume can't push price further, someone is absorbing it on the other side. The trend may be about to turn.
π The Wyckoff Methodology in Depth β RubΓ©n Villahermosa
#Advice_55 #Beginners #RubΓ©nVillahermosa #TradingBooks #TechnicalAnalysis #BTC #NEAR
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βοΈ Contact @Adler_Ross
π Pattern of the day: Bear Flag
π΄ Bearish continuation
A sharp drop followed by a weak, upward-sloping bounce. Sellers are only reloading.
β Entry: a close below the flag's lower line
π Stop: above the flag's high
π― Target: the length of the pole, projected down from the break
π‘ Relief bounces on falling volume inside a downtrend are rarely the bottom.
#BearFlag #ChartPatterns #TechnicalAnalysis #BTC #LIT #KNTQ #CryptoSignals
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π΄ Bearish continuation
A sharp drop followed by a weak, upward-sloping bounce. Sellers are only reloading.
β Entry: a close below the flag's lower line
π Stop: above the flag's high
π― Target: the length of the pole, projected down from the break
π‘ Relief bounces on falling volume inside a downtrend are rarely the bottom.
#BearFlag #ChartPatterns #TechnicalAnalysis #BTC #LIT #KNTQ #CryptoSignals
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π‘ Advice #56 Β· Trading library
Broken support becomes resistance. Broken resistance becomes support.
Traders who bought at a level and saw it fail want out at breakeven, so the old floor turns into a ceiling. Mark these flipped levels on every chart.
π Technical Analysis of the Financial Markets β John J. Murphy
#Advice_56 #Beginners #JohnJMurphy #TradingBooks #TechnicalAnalysis #BTC #BNB
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βοΈ Contact @Adler_Ross
Broken support becomes resistance. Broken resistance becomes support.
Traders who bought at a level and saw it fail want out at breakeven, so the old floor turns into a ceiling. Mark these flipped levels on every chart.
π Technical Analysis of the Financial Markets β John J. Murphy
#Advice_56 #Beginners #JohnJMurphy #TradingBooks #TechnicalAnalysis #BTC #BNB
Β© Best Traders Β· @Best_traders_1
βοΈ Contact @Adler_Ross
π Pattern of the day: Three White Soldiers
π’ Bullish reversal (3 candles)
Three strong green candles in a row, each closing near its high. Steady, confident buying.
β Entry: on a small pullback after the third candle
π Stop: below the first soldier's low
π― Target: the next resistance
π‘ If the soldiers are huge and vertical, wait for a pullback. Chasing extended candles is risky.
#ThreeWhiteSoldiers #ChartPatterns #TechnicalAnalysis #BTC #BNB #HYPE #Crypto
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π’ Bullish reversal (3 candles)
Three strong green candles in a row, each closing near its high. Steady, confident buying.
β Entry: on a small pullback after the third candle
π Stop: below the first soldier's low
π― Target: the next resistance
π‘ If the soldiers are huge and vertical, wait for a pullback. Chasing extended candles is risky.
#ThreeWhiteSoldiers #ChartPatterns #TechnicalAnalysis #BTC #BNB #HYPE #Crypto
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βοΈ Contact @Adler_Ross