RE: SUCCESS STRATEGIES: Trading Crypto's/Equities with Triangle chart patterns.
Hi buddy, of course.
Can you please explain how and where you start drawing your triangle? -
The beginning of the triangle you can draw from the Peak at absolute highs down across the range. Obviously you will notice you can not do this until the triangle is almost full formed, but that's a good thing because it means you wont buy in until you're sure. This is also why i mention if you see a break of a triangle youve already made but it happens too early, you need to take a step back, take a different perspective and RE-ANALYSE the pattern. After a few of these you will soon catch on to the way they should look. They usually take 10-20 bars to form in a strong trend, but can easily consist of 50-100 bars on more sideways trends you will learn to judge them as you go . I can give you the idea and the data but your experience will be the key to mastery of it :)
2.Do you try and look out for the initial rise/pump before creating your triangle and then deciding whether it is bull/bearish?
Check ''Triangle rules'' in the post which states : ANY TRIANGLE THAT IS FORMED IN AN UPTREND HAS A 75% CHANCE OF BEING A SUCCESSFUL CONTINUATION SIGNAL. THIS IS THE SAME FOR TRIANGLE'S FORMED IN A DOWN-TREND. This means if price comes UP to create a triangle, that triangle/flag is a successful continuation sign 75% of the time. Meaning if price is bullish into a pattern, it is a bullish continuation pattern 75% of the time. up move to flag = bull flag =price will break to the upside.
A bearish flag/triangle will show up in a down trend and break to the downside 75% of the time.
3 -
I happen to KNOW that this was a pump. But don't worry it wasn't intended to be a pump and dump. I met the group when i was researching material for the manipulation article i posted a few days ago and after speaking with them they arent all about P&D. They have a group with large buying power and the idea of pumping CND was to kickstart it back to life and that's exactly what they have done :)
Their pump was a pump hold, not a pump dump. This results in MASSIVE outside investment and new money coming in to the stock due to the hype of a big move up and now all of a sudden, thanks to one group of people the coin is flying, which in turn gives the Dev team extra community and investor interest and could bring the entire company back to life :) manipulation isnt always bad when its done with good intentions!
Let me know if i didnt answer everything. I should really do a video there is only so much you can do with words and pictures especially with limited illustration software!
Thanks Sam! Super helpful.
I am a little bit buggered now that I have missed half the gains on my CND. I love their product and what they are trying to do and might have to re-buy into a dip if it comes.
If you have time, are you able to make a post with an example of a Triangle with downtrend and its continuation?
Thanks again :)
Yeh absolutely. I have a LOT of pretty intensive strategy write ups in draft to come in the next few weeks. Ill be sure to add bearish signals in the next post too. I have a pin point volume based reversal strategy coming next. I will try and add bearish example photos to this post tomorrow for you. I guess im being overly enthusiastic about the bull run so i only explained the bull side ;)
I will note, CND as i showed in one of the pics is showing a Bull Flag on the 2 hour chart. Once again if it doesnt surpass 85% and it doesnt false break before 75% it will be a continuation pattern. So if you have CND HOLD for now until we see where this pattern is going. Its not over yet ;)
Awesome!! I will keep an eye out for them and HODL!
Also just read your manipulation post which is really interesting. Great stuff !!
It was a pretty tough one, i knew it was a huge problem but getting the information is NOT easy, people dont talk about it. It was exciting to research to say the least. The most exciting thing about the information, is it puts you in the big guys shoes. Once you know how they play the game you can become part of it. I dont mean start manipulating markets, but rather jump on their moves and dont get caught out in their games. Understanding how they work gives you a massive advantage. I just wish i could get that word to more of the people. I have a lot of info to share and not many people to share it with. Working on it :)
I've just checked. That looks like a continuation. It will be shorter lived than the last triangle but that is just suggesting strength. HOLD mate :)
The apex is coming, if it doesnt break in 3-6 hours it will be busted.
Sweet! I'll watch the 2hr graph and see how it goes :)
BOOM ;) Straight through 3000. Perfectly in time too. was coming up to apex it had to go soon.