When a follower/reader of my blogs comments about a self identified price pattern, it is very pleasing to me! It means that perhaps newbies to technical analysis, are beginning to understand and actually start applying it to profit. @sunidkavuri pointed out the below cup and handle pattern forming in ADX. I've added the Elliott Wave counts and this is one example how it works beautifully with Chart Patterns. The two comingle very well and it took me 15+ years to learn the attributes of each; of course through tons of failure experiences.
For newbies, I would recommend learning to identify 3-5 chart patterns. Then, trade only on these patterns. That's it! Just start that way and you'll broaden your profits. Be disciplined! Don't trade on any others unless you see the pattern in your portfolio. I hope this brings MASSIVE PROFITS to you all!
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Hi thats a great tip! Do these patterns typically have names or is it more abstract?
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Beep beep. Hi @birdperson!
You have used tip! in your comment - that`s my magic word for sending tips ;)
Click here if you wish to learn more!
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I can't get enough of this.
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They have names. Check out the TA book recommendations I made a few days ago.
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@haejin what do u think of lisk. Thanks
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Here is the update analysis of LSK, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/lisk-lsk-update-up-up-and-away
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ADX is looking great! I think I found another cup and handle forming for you.... have you heard of SHIFT yet? Looks like it's about to rally???
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SHIFT must be just ICO'd as it's got almost no price data:
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Thanks Haijin and thanks for the confirmation and analysis.
upvoted and resteemed.
How do you come to price target after the cup and handle formation has formed? This is something would love to better understand.
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This is a game-changer.
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