Is Brent Oil Forming a “Head and Shoulders”? Technical ...

Learning Bitcoin Trading? Here's some Basic Technical Analysis Tools & Essential Knowledge to help!

Getting Started
Back when I was learning more about Forex trading, I went to Forex school at Babypips (http://www.babypips.com/school), and learnt some of the fundamentals of chart reading and trading, such as reading candles and trading concepts. Unfortunately, I dropped out somewhere through Elementary School, after they lost me with all kinds of different indicators I could not see the use for. On the other hand, I still do think Babypips is a fantastic resource, especially for beginners who are keen to learn how to trade and better understand the Bitcoin market.
More recently, since I made my first few panic buys and sells and lost some Bitcoins trading, I have been picking up again on Technical Analysis and Trading strategies. I’m not an expert at this, and neither should you take my words as investment advice, but I’m here to share some of my thoughts on Bitcoin trading, and I hope it is of great help to you!
If you have any questions, feel free to tweet me at @onemanatatime.
Learn the Basics of Trading
If you’re a beginner trader, first thing you should learn is to read charts. Chart patterns (http://www.investopedia.com/university/charts/charts1.asp) signal to traders that the price of a security is likely to move in one direction or another when the pattern is complete. I’d like to bring your attention three chart patterns that will appear very often. I also took the time to show you how these relate to Bitcoin trading with the charting tools I use on TradingView (https://www.tradingview.comonemanatatime). Enjoy!
Secondly, another analysis tool I think is very useful, is the Fibonacci Extension (http://www.youtube.com/watch?v=dsomgrotZUg). Fibonacci is pretty tough to understand, and more so to chart with Bitcoin due to the lack of available tools which allow for it. But in essence, the Fibonacci sequence is a unique string of numbers which adds the sum of the two numbers before it, and is the deravitive of the Golden Ratio. People like to call them the “magic” numbers, and very aptly so, as they’re present all throughout Nature.
Lastly, I’d like to share a trading pattern called the Elliott Wave Principle (http://en.wikipedia.org/wiki/Elliott_wave_principle). It emphasizes an understanding of Investor Psychology, and explains why prices fluctuate in zig-zag patterns. If you thought Fibonacci was tough to understand, let’s have Babypips put this in perspective. Babypips teaches Fibonacci in Elementary school Grade 3, whereas Elliott Wave is taught in “Summer School”. In that sense, Eliott Wave would be a great concept to learn and understand, as a supplement to your foundational understanding. Click on the links above to read and learn more about both theories!
Bitcoin Trading
By now, you’d probably be saying: “Sure, these resources all give me a good basic understanding of trading markets, but how does that apply to Bitcoin?” Since learning the fundamentals, I’ve been looking around for good resources to learn Bitcoin Trading from but with not much luck. Here I’ll be sharing some handy videos to guide you on your Bitcoin trading journey.
I didn’t get around to learning proper Bitcoin trading strategies, until early December when I chanced upon ...
Abstract from my personal blog post on www.CryptoCoinsNews.com and on www.AlunaCrypto.blogspot.com.
http://www.cryptocoinsnews.com/2014/01/08/embarking-bitcoin-trading-journey-learn-basic-technical-analysis/
http://alunacrypto.blogspot.nl/2014/01/embarking-on-my-bitcoin-trading-journey.html
Click the links to read the rest of the post, including past Bitcoin price analysis examples, as well as today's prediction.
EDIT:
I've been asked a few times about which platform I'm using day trade on Bitcoin. So here's for those of you interested:
"I use BitFinex, they offer Margin Trading and Liquidy Swaps ontop of a normal Exchange.
I just started yesterday but its great and I'm so excited about the Margin Trading options available, and been playing around with it all day long! Made 0.11 BTC on my first trade. ;)
Sign up with my referral code now and enjoy 10% off your trading fees for the first 30 days!
With Referral Code: [REMOVED -- ask me for referral code to enjoy offer] Without Referral Code: https://www.bitfinex.com/
Also follow me on twitter @onemanatatime for my latest Bitcoin predictions. Cheers & trade safe."
submitted by bakedric3 to BitcoinMarkets [link] [comments]

Demo of automated head and shoulders with XRB BTC hourly crypto currency data from Binance How To Trade Using a Inverse Head and Shoulder Market Pattern on AUDCAD  42 Pips How Does Inverse Head and Shoulder Pattern Work in Forex? Forex Patterns - Inverse Head & Shoulder Duo With AB=CD Pattern! Easy Forex Strategy - 'The Head & Shoulders Trade' Forex Trading Strategy Session: Head and Shoulders Reversal Patterns Chapter 2 - Chart Pattern - Bullish Flag

130k members in the Forex community. Welcome FXGears' Forex Trading Community! Here you can converse about trading ideas, strategies, trading … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. Log in sign up. User account menu • EUR/USD almost to neckline of head and shoulders. May be good short soon. EUR/USD. Close • Posted by 1 hour ago. EUR ... Like the head and shoulders, flags often form after an extended move up or down and represent a period of consolidation. It’s essentially an indecision point in the market, where the bulls and bears are battling to see who will win control. Why I trade it. I feel confident in saying that you could literally trade nothing but bull and bear flags and make very good money in the Forex market ... Reverse Inverse Head And Shoulders Chart Pattern Forex Trading Strategy Do Continuation Head And Shoulders Patterns Really Exis! t Peter Head And Shoulders Trading Strategy How To Trade These Patterns How To Trade The Inverse Head And Shoulders Chart Pattern Bhp Billiton Failed Inverse Head And Shoulders Better Trader Common Forex Chart Patterns Nasdaq Com Advanced Read Of Head And Shoulders ... Head and Shoulders Pattern. This is one of the easiest formations to trade, since the pattern appears across all timeframes and could have defined entry and stop levels, as well as price targets. The left shoulder signifies a price hike, and then a subsequent decline. The head of the pattern shows the peak reached by the price, following which it once again moves to higher levels. A decline ... Hi everybody! This is my first post on babypips forum. I’m a college student who wants to learn how to trade forex so your educational platform is an amazing source for me as a beginer, so thank you very much 🙏 🙏. Curently, I am learning the most common chart patterns and I have been facing a…let’s say “problem” on Double Top pattern and Head and Shoulders pattern. My question ... Welcome FXGears' Forex Trading Community! Here you can converse about trading ideas, strategies, trading … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. Log in sign up. User account menu • Head and shoulders forming. Could be a good entry. Close • Posted by 1 hour ago. Head and shoulders forming. Could be a good entry. 6 comments. share ... The head and shoulders chart pattern is a reversal pattern and most often seen in uptrends. Not only is head and shoulders known for trend reversals, but it’s also known for dandruff reversals as well. In this lesson, we’ll stick to talking about trend reversals and leave the topic of dandruff for another time. Head and Shoulders. A head and shoulders pattern is also a trend reversal ... Looking at the 4 hour chart, we have formed a double top at the 50 ema which is acting as strong resistance. As long as the H1 cci crosses thru the “0” line, the m15 Head and shoulders pattern should come into play targeting the 1.4300 area. If the h1 cci rejects the “0” line, the price could re-test the right shoulder or even higher. Overall, the price looks to be forming a “head and shoulders” formation, with the neckline being at around 41.14. Although the formation is bearish, we would prefer to wait for its completion first, before getting confident on larger declines. For now, we will stand pat. If the bears are able to push Brent below 41.14 and complete the H&S pattern, we could see them initially targeting the ... HEAD AND SHOULDERS INVERSE HEAD AND SHOULDERS: distance from head's peak to neckline, applied from breakout rate: neckline's breakout rate: right shoulder's peak: CUP AND HANDLE INVERSE CUP AND HANDLE: distance from cup's peak to the rate connecting the cup to its handle, applied from breakout rate: cup's surface breakout rate: handle's peak ...

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Demo of automated head and shoulders with XRB BTC hourly crypto currency data from Binance

Forex Strategy - Head and Shoulder Pattern (Market Reversal Training) - Duration: 54:38. NYC Trade House 5,341 views. 54:38. Why You're Failing as a Trader + Candle Sticks & Volume - Duration: 1 ... Using a inverse head and shoulder pattern can be a very easy way to identify an entry and exit for your trades as long as this pattern happens at key points in the market. There are a few simple ... Demo of automated head and shoulders with XRB BTC hourly crypto currency data from Binance This is a powerful indicator or trading patterns which is generated automatically. As explained in the ... Today we discuss how to spot valid head and shoulders patterns that signal reversals int he forex market. Some are good trading setups and some are not. I show you the difference. We also look for ... The Ultimate Forex Flag Pattern & Trend Strategy Tutorial - Duration: 23 ... BABYPIPS.COM - Waxbarasho ku ... How to trade the Head & Shoulders pattern - Duration: 16:18. The Trading Channel ... Everything you need to learn the Forex market in one spot & someone to look over your shoulder when you are not sure on a specific trade. We are here for you every step of the way & want to see ... The inverse head and shoulders pattern (also known as a reverse head and shoulders or head and shoulders bottom), is the opposite of the standard version as it occurs after a downtrend and signals ...

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