Mass adoption is happening again! We are seeing it with digital transformations and now we are witnessing it in the physical world. There is no doubt that mass adoption is the future and it is something that most of the businesses should strive to incorporate into their business model. Try to imagine that all of the businesses will start accepting bitcoin as a mode of payment even it has a high volatility. It's kind of heaven for me who really want to use bitcoin as payment.

McDonald's are now starting to have ideas to incorporate the metaverse in their business model where they can sell virtual goods. The McDonald's has plan to release their own NFTs and also cryptocurrency that may use to purchase their good and services. What a great time to be alive, It is good to see that a billion dollar fast food restaurant are starting to adopt the change. If the idea of the McDonald's came true, for sure that a lot of fast food restaurant will also copy them that may start the revolution where the mass adoption will take place. Many people will become interested on bitcoin and other cryptocurrency if this happen.

https://www.mashed.com/765965/mcdonalds-wants-to-be-the-first-restaurant-in-the-metaverse/?fbclid=IwAR1BX1feZedw3iKhGBJW3iqtfSJwJ_nAf0_AbrsKC71q5iEGsuxR-tMq-GQ

[UNDERSTANDING]

We are currently in a bull market and many people do not understand what are reversals. First of all, reversals in trading are the change of trend and price direction or change of a price level from resistance/support to support/resistance after a breakout/breakdown. There are 3 trends in the market cycle which are uptrend, downtrend and sideways and we can anticipate the reversal by knowing and understanding the patterns. These patterns can help you especially for those who have struggles in their trading journey. Why do you need to understand and become aware of these patterns? It is simply because pattern recognition is one of the aspects in trading of cryptocurrencies. There are a lot of bad cultures when it comes to trading where they treat trading as gambling because they are just trading without conviction and without any kind of analysis where they just click the button which is the buy whenever they see a green or a red candle.


Seller exhaustion and buyer presence = Bullish Reversal Patterns
Buyers exhaustion and seller presence = Bearish Reversal Patterns.



There are two reversal patterns which are the BULLISH reversal and the BEARISH reversal pattern.


BULLISH Reversal pattern- This reversal pattern happens when a stock is coming from a downtrend and starts to shift trend to an uptrend. So basically, we will find the bullish reversal pattern when the market is now transitioning into a bull market.

Double Bottom Pattern – A double bottom pattern happens when the support is tested and visited twice and holds in that level before reversing to uptrend.  The double bottom pattern is just like the letter “W” but not all the times that the representation of the double bottom is the letter “W”.

 

Triple Bottom Pattern – A triple bottom pattern happens when the support is tested and visited trice and holds in that level before reversing to uptrend.

 

Inverted head and shoulders pattern- The inverted head and shoulder pattern show a level of support, and the neckline as its resistance.

 

BEARISH Reversal pattern- This reversal pattern happens when a stock is coming from a uptrend and starts to shift trend to an downtrend. So this is basically the vice versa of the Bullish Reversal pattern. This bearish reversal pattern can help us to identify if the trend is now against us and it is a sign that we should now minimize our positions in the market.

Double Top Pattern- A double top pattern happens when the resistance is tested and visited twice and holds that lever before reversing to downtrend. Usually it is looks like a letter “M” but not all the times it is looks like that.

 

Triple Top Pattern-  A triple top pattern happens when the resistance is tested and visited trice and holds in that level before reversing to downtrend.

 

Head and Shoulders pattern-  The head and shoulder pattern show a level of resistance, and the neckline as its support.

 


If you have questions just ask in this thread! Thank you 

UNDERSTANDING > MEMORIZING

Aware naman kayo siguro na ang cryptocurrency market ay kasalukuyan nasa downtrend pati na din ang ibang financial markets ay nasa downtrend na din dahil sa pandemic na covid-19. Madaming opportunities hinde lang sa uptrend pati na din sa downtrend. Kaya alam ko na madaming gustong maka bottom fish o makabili sa pinakamababang price ng bitcoin na pwede nitong maabot. Pero dapat niyong malaman na ang pagbobottom fish ay napaka risky na decision kasi hindi natin alam kung ayun ba ang pinaka bottom o hindi pa. Ano nga ba yung sign of reversal? Ito yung senyales na mag tratransition na ang isang trend to another trend. May 3 klaseng type ng trend, eto yung uptrend, sideways, at downtrend. Nasa baba yung pictures. Merong 3 types ng sign of reversal o ang SOR ito ang one candle reversal pattern, two candle reversal pattern at three candle reversal pattern. I uupdate ko na lang tong thread para sa two candle reversal at pati sa three candle reversal.

Ito yung mga examples ng mga 1 candle reversal

Bullish Reversal






Bearish Reversal
 




3 Trends of the market

Uptrend






Sideways





Downtrend