Technical Analysis - Ascending scallop + Volume
Hi there, I hope your all well.
Today I want to share with you the rare ascending scallop trend that appears every now and then, the moment this trend breaks the resistance it picks up volume and shoots, you should expect a 20% ROI in a few hours but be careful this trend pops to a bearish trend really quickly as its been constructed and isn't drawn onto a chart organically.
Here is an example on the dash charts from the 22nd of the 5th 2017, the red horizontal line represents the stop loss you would implement in that trade to minimize losses and the black horizontal is the resistance, once the resistance is broken you should be entering, due to the volume change and an increase in demand for short term gains.
I used this example because its the most perfect example I have seen to date of a ascending scallop, they are usually choppy, refer to the image below.
That trend there failed way too early and as you can see it went very wrong even though the signs were all out for a bullish market.
Some people mistake the scallop for a tea cup and handle or an inverted tea cup and handle, I will do a teacup technical analysis explanation next for you all.
I hope you have learned something from this, please do up vote if you did enjoy it, would be much appreciated.
Rev Nissan
Awwww you deleted me from FB... LOL I blocked you. Your GNT call was shit! You couldn't even answer some of my simple fundamental questions for some 'real talk', like: "Why isnt GNT mine-able?" Then call me a 'know it all' for calling you out on your hype posts!!! LOL!
All you talk about is price, and a slight uptrend from your analysis... which I asked again what it was... with no reply... you think you are keeping a secret, but I reckon you have no idea whats going on. And it shows from these GNT questions and prediction.
Your words are filled with emotions and not much 'real talk'. You are a hyper, same thing happens with AMP, LBC... ZEC.... people follow you and there is a light uptrend, but you fail to take into consideration of where the whole market is heading.
I was only trying to be honest and get some more information from you, but you dont have any. I know your kind and how you sweet talk. The is nothing much in your videos you do but emotions. There is nothing ever 'real' in there.
You are a herder of sheep. But at least you can make some $$$ from them. I guess it just
Well sorry for asking you questions. I was wanting a bit more information than price hype in the CCC group. I was trying to keep it quality. Sorry I gave you a hard time man. I really wanted to bring about discussion about the coin, but I guess you couldn't do that with me.
Well guess we couldn't have a decent honest conversation and move on. You could never answer any of my questions anyways. Which made me feel you were about sweet talk and hype for price. But good on you for getting a following, you seem like a charisma man. You probably would do better than me at politics if you ran, I am too honest.
Also if you want to claim that you made people 300% from LBC you better be calling the high!!! Which you didn't. Same with ANS I was claiming you were spamming/hyping when it was at $11 and it fell back to $4. You put you big gains on your 'resume' but do not call the peaks.
You want "real talk" but you are afraid to answer me and my questions LOL!!!
Thanks Rev!
your welcome, thank you
I always enjoy your posts on CCC as well. I'll be following you. Keep it up!
Thank you man !
Thanks Rev, appreciate your contributions. Would you be able to done specific on the difference between ascending scallop and tea cup? So we do not mistake these :)
Good on you Rev for taking in some of my advice and calling a high on STRAT on Facebook. I have blocked you so I only saw a photo of you calling 0.0025. as the high... Cool. But you still did not get into any of the fundamentals of the coins... no answer any of my questions...
fking show pony.
Hello @revnissan is nice to bump into same minded people with lot of experience here on Steemit. Check my blog and I will be glad to read your comments in my posts .
Do you have Steem on radar. Holly molly fireworks going on there. I already wrote about that (#1 and #2)
I Follow you!