Newscrypto platform is an already tested product used by the world’s top traders that serves as an all-in-one crypto suite.
It provides a comprehensive set of tools for all users, regardless of their current level of knowledge. The platform offers everything from automatic charting tools that help beginners understand the basics of technical analysis to advanced proprietary indicators for expert traders.
HAMMER CANDLESTICK PATTERN
A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near the opening price. This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body. The body of the candlestick represents the difference between the opening and closing prices, while the shadow shows the high and low prices for the period.
KEY POINTS:
- Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
-The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
-The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
-The lower shadow should be at least two times the height of the real body.
-Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
A hammer occurs after the price of a security has been declining, suggesting that the market is attempting to determine a bottom.
Hammers signal a potential capitulation by sellers to form a bottom, accompanied by a price rise to indicate a potential reversal in price direction. This happens all during a single period, where the price falls after the opening but regroups to close near the opening price.
A hammer should look similar to a “T.” This indicates the potential for a hammer candle. A hammer candlestick does not indicate a price reversal to the upside until it is confirmed.
Confirmation occurs if the candle following the hammer closes above the closing price of the hammer. Ideally, this confirmation candle shows strong buying. Candlestick traders will typically look to enter long positions or exit short positions during or after the confirmation candle. For those taking new long positions, a stop loss can be placed below the low of the hammer’s shadow.
Hammers aren’t usually used in isolation, even with confirmation. Traders typically utilize price or trend analysis, or technical indicators to further confirm candlestick patterns.
Hammers occur on all time frames, including one-minute charts, daily charts, and weekly charts.
INVERTED HAMMER CANDLESTICK PATTERN
The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential bullish reversal pattern. What happens on the next day after the Inverted Hammer pattern is what gives traders an idea as to whether or not prices will go higher or lower.
The Inverted Hammer formation is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow which should be at least twice the length of the real body.
After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downward during the day. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing the power of the bears.
How Do You Trade on an Inverted Hammer Candlestick?
It is important to note that the Inverted pattern is a warning of potential price change, not a signal, by itself, to buy. Other indicators such as a trendline break or confirmation candle should be used to generate a potential buy signal.
Visit: https://newscrypto.io/
NewsCrypto is the number one crypto educational
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market insight indicators and top-notch educational
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Newscrypto offers:
- Free education
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- Important news from the crypto world in real time
- Comprehensive set of trading tools
- Indicators and market analysis benchmarks
- Proprietary Ai price prediction tools
- Crosschain bridges
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#crypto #trading #tradingpattern #bitcoin #ethereum #cryptocurrency
Newscrypto.io educational content series with Rich aka theSignalyst!
Part 4: RVN, AVAX, ETC, OP, STX
Newscrypto platform is an already tested product used by the world’s top traders that serves as an all-in-one crypto suite.
It provides a comprehensive set of tools for all users, regardless of their current level of knowledge. The platform offers everything from automatic charting tools that help beginners understand the basics of technical analysis to advanced proprietary indicators for expert traders.
Website: https://newscrypto.io/
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Newscrypto.io presents?TOP 3? Breaking News From The Crypto World! (05.12.2022)
1. Chinese court says NFTs are virtual property protected by law.
Source: COINTELEGRAPH (https://cointelegraph.com/news/chinese-court-says-nfts-are-virtual-property-protected-by-law)
2. Alameda ex-CEO Caroline Ellison spotted in New York, Twitter users claim.
Source: COINTELEGRAPH(https://cointelegraph.com/news/alameda-ex-ceo-caroline-ellison-spotted-in-new-york-twitter-users-claim)
3. Genesis Creditor Groups' Loans Amount to $1.8B and Counting: Sources.
Source: COINDESK (https://www.coindesk.com/business/2022/12/04/genesis-creditor-groups-loans-amount-to-18b-and-counting-sources/)
As you probably know, news heavily influences the whole cryptocurrency market, so staying up to date gives you a huge advantage. While there are numerous news outlets you can pick from, it’s hard to differentiate between important, influential headlines and unnecessary clickbait articles that fill your daily feed and will only waste your precious time.
To aid our users, we created a tool that analyses the news from multiple news outlets and searches for pieces of new information whilst filtering and providing the right ones to our members.
Visit: https://newscrypto.io/news
NewsCrypto is the number one crypto educational
platform, offering an unparalleled array of tools, unique
market insight indicators and top-notch educational
content suited to both novice and experienced traders.
Newscrypto offers:
- Free education
- Cryptocurrency market information and overview
- Important news from the crypto world in real time
- Comprehensive set of trading tools
- Indicators and market analysis benchmarks
- Proprietary Ai price prediction tools
- Crosschain bridges
- Mobile wallet and app
- ...
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Newscrypto.io educational content series with Rich aka theSignalyst!
Live event is occuring every Wednesday 5PM UTC! (Youtube, Telegram, Discord, ...)
Part 1: US500, DXY, USDT.D, BTC and ETH analysis
Part 2: Best Altcoins to Buy Soon!
Website: https://newscrypto.io/
Newscrypto platform is an already tested product used by the world’s top traders that serves as an all-in-one crypto suite.
It provides a comprehensive set of tools for all users, regardless of their current level of knowledge. The platform offers everything from automatic charting tools that help beginners understand the basics of technical analysis to advanced proprietary indicators for expert traders.
FOLLOW:
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Newscrypto.io presents Symmetrical Triangle Trading Patterns,
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Symmetrical Triangle trading pattern (bearish):
A bearish symmetrical triangle is bearish continuation chart pattern. The pattern is formed by two converging trend lines that are symmetrical in relation to the horizontal line.
The first line is a bearish trend line creating the resistance, also called the "resistance line of the bearish symmetrical triangle".
The second line is a bullish trend line creating the support, also called the "support line of the bearish symmetrical triangle".
For the symmetrical triangle to be called "bearish", the movement preceding the triangle’s formation must be bearish.
A bearish symmetrical triangle is confirmed/valid if it has good oscillation between the two lines.
Each of these lines must have been touched at least twice to validate the pattern.
NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times.
This implies that the bearish symmetrical triangle is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times).
The price objective for a bearish symmetrical triangle is determined by the height of the base of the triangle plotted at the breakout point (exit from the triangle). To achieve the price objective, another technique consists in drawing a parallel to the bearish symmetrical triangle’s resistance line from the first contact with the support line.
Symmetrical Triangle trading pattern (bullish):
A bullish symmetrical triangle is a bullish continuation chart pattern. The pattern is formed by two converging trend lines that are symmetrical in relation to the horizontal line.
The first line is a bearish trend line creating the resistance, also called the "resistance line of the bullish symmetrical triangle".
The second line is a bullish trend line creating the support, also called the "support line of the bullish symmetrical triangle".
For the symmetrical triangle to be called "bullish", the movement preceding the triangle’s formation must be bullish.
A bullish symmetrical triangle is confirmed/valid if it has good oscillation between the two lines.
Each of these lines must have been touched at least twice to validate the pattern.
NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times.
This implies that the bullish symmetrical triangle is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times).
The price objective for a bullish symmetrical triangle is determined by the height of the base of the triangle plotted at the breakout point (exit from the triangle). To achieve the price objective, another technique consists in drawing a parallel to the bullish symmetrical triangle’s support line from the first contact with the resistance line.
Newscrypto platform is an already tested product used by the world’s top traders that serves as an all-in-one crypto suite.
It provides a comprehensive set of tools for all users, regardless of their current level of knowledge. The platform offers everything from automatic charting tools that help beginners understand the basics of technical analysis to advanced proprietary indicators for expert traders.
FOLLOW:
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#crypto #trading #bitcoin #cryptocurrency #tradingpattern #trader #symmetricaltriangle #triangle #bullish #bearish #chartpatterns #tradingcharts
Newscrypto.io educational content series with Rich aka theSignalyst!
Live event is occuring every Wednesday 5PM UTC! (Youtube, Telegram, Discord, ...)
Part 1: US500, DXY, USDT.D, BTC and ETH analysis
Part 2: Best Crypto Strategy 2023
Website: https://newscrypto.io/
Newscrypto platform is an already tested product used by the world’s top traders that serves as an all-in-one crypto suite.
It provides a comprehensive set of tools for all users, regardless of their current level of knowledge. The platform offers everything from automatic charting tools that help beginners understand the basics of technical analysis to advanced proprietary indicators for expert traders.
FOLLOW:
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Newscrypto.io presents Breaking News From The Crypto World! (09.11.2022)
1. $XRP-Focused Investment Product Inflows Surge as Investors See SEC’s Case Against Ripple ‘Increasingly Fragile’.
Source: CRYPTOGLOBE (https://www.cryptoglobe.com/latest/2022/11/xrp-focused-investment-product-inflows-surge-as-investors-see-secs-case-against-ripple-increasingly-fragile/)
2. FTX Token Crashes 85% In Minutes — FTT Becoming The Next LUNA.
Source: ZYCRYPTO (https://zycrypto.com/ftx-token-crashes-85-in-minutes-ftt-becoming-the-next-luna/)
3. Binance intends to fully acquire FTX.
Source: CRYPTOSLATE (https://cryptoslate.com/binance-to-fully-acquire-ftx/)
As you probably know, news heavily influences the whole cryptocurrency market, so staying up to date gives you a huge advantage. While there are numerous news outlets you can pick from, it’s hard to differentiate between important, influential headlines and unnecessary clickbait articles that fill your daily feed and will only waste your precious time.
To aid our users, we created a tool that analyses the news from multiple news outlets and searches for pieces of new information whilst filtering and providing the right ones to our members.
Visit: https://newscrypto.io/news
NewsCrypto is the number one crypto educational
platform, offering an unparalleled array of tools, unique
market insight indicators and top-notch educational
content suited to both novice and experienced traders.
Newscrypto offers:
- Free education
- Cryptocurrency market information and overview
- Important news from the crypto world in real time
- Comprehensive set of trading tools
- Indicators and market analysis benchmarks
- Proprietary Ai price prediction tools
- Crosschain bridges
- Mobile wallet and app
- ...
FOLLOW:
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#bitcoin #crypto #breakingnews #shorts #cryptocurrency #xrp #ftx #binance #web3 #ethereum #sbf
Newscrypto.io presents?TOP 3? Breaking News From The Crypto World! (30.11.2022)
1. Binance acquires regulated crypto exchange in Japan.
Source: COINTELEGRAPH (https://cointelegraph.com/news/binanc...)
2. Genesis Crypto Brokerage Scrambles to Keep Bankruptcy at Bay.
Source: BEINCRYPTO (https://beincrypto.com/genesis-crypto...)
3. Brazil passes law to legalize crypto as a payment method.
Source: COINTELEGRAPH (https://cointelegraph.com/news/brazil...)
As you probably know, news heavily influences the whole cryptocurrency market, so staying up to date gives you a huge advantage. While there are numerous news outlets you can pick from, it’s hard to differentiate between important, influential headlines and unnecessary clickbait articles that fill your daily feed and will only waste your precious time.
To aid our users, we created a tool that analyses the news from multiple news outlets and searches for pieces of new information whilst filtering and providing the right ones to our members.
Visit: https://newscrypto.io/news
NewsCrypto is the number one crypto educational
platform, offering an unparalleled array of tools, unique
market insight indicators and top-notch educational
content suited to both novice and experienced traders.
Newscrypto offers:
- Free education
- Cryptocurrency market information and overview
- Important news from the crypto world in real time
- Comprehensive set of trading tools
- Indicators and market analysis benchmarks
- Proprietary Ai price prediction tools
- Crosschain bridges
- Mobile wallet and app
- ...
NWC at Kucoin:
https://www.kucoin.com/trade/NWC-USDT
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