Bearish ABCD - AUDSGD (1 hr chart)Potential bearish ABCD spotted in this rare pair AUDSGD in the 1-hr chart
TP1: 0.9112 (83pips)
TP2: 0.9062 (133pips)
SL: 0.9238 (-43pips)
Open position at: 0.9195
1hrchart
A 1hr inverse head and shoulders to keep an eye on.Always await confirmation of a breakout or fakeout before taking a trading action.
Bearish Bat - NZDCHF - 1hr chartPotential Bat spotted in NZDCHF in this 1-hr chart. Daily Trend is Bearish.
TP1: 0.6037 (97pips)
TP2: 0.6082 (52pips)
SL: 0.6174 (-40pips)
Expected completion before 4 Mar. Latest by 6 Mar.
Open position at: 0.6134
Bearish Bat - NZDUSD 1hr chartPotential bearish BAT setup in NZDUSD in 1-hr chart
TP1: 0.6269 (39 pips)
TP2: 0.6239 (69pips)
SL: 0.6349 (-41pips)
Open Position at: 0.6308
Expected completed before 4 Mar 2020, 2pm
Not a very profitable trade so will open smaller lots to gun for TP2.
Bullish ABCD AUDCAD - 1-hr chartBullish ABCD AUDCAD spotted in 1-hr chart.
Price has hit TP1. Expect the price to drop in buy zone again to reach TP1 and TP2.
TP1: 0.8743 (55pips)
TP2: 0.8779 (91 pips)
SL : 0.8659 (-29 pips)
Set pending order on 2 Mar at 0.8688
[FAILED] Bearish ABCD Pattern - CADEUR (1hr chart)Bearish ABCD pattern spotted in CADEURO in 1 hour chart
But it is a failed pattern as price didn't hit sell zone.
Ascending Triangle on 1 hour - breakout up, but not 10k+ yet$BTCUSD Is trending up and breaking through resistance recently, currently in a brief pause with $9,850 the local resistance. My best bet is a break above $9,850 only to be rejected by strong resistance at $10,000. From there I think we keep moving sideways with downside support at $9,400. Fear/Greed is slightly greedy, but not excessively so. I'm thinking it needs to knock on the door of $10k a few times before breaking through.
I'm not a trader, I just like to watch and hodl so this is mostly to test my instincts. Not advice, not an expert. Let me know if I am way off missing something.
Guess there is always a chance of someone pumping/dumping too.
Double Top possibility eliminated Cup and Handle still in playThe double top possibility for the bears has been eliminated as Bitcoin has once against surged passed the double top zone into the 9300s. Leaving only the cup and handle left of the two options; a great sign for the bulls. of course we need to make sure that price action stays above the rimline(horizontal pink line) in order to trigger the cup and handle breakout...if we do trigger it however the target is just under 10200 which will have us well on our way towards the bigger falling wedges breakout target of 12k! The Cup and handle is a 1 hour chart pattern, the falling wedge with the 12k target is a 1 day chart pattern and speaking of the 1 day chart,. with this recent bullish surge the likelyhood of a 1 day golden cross sometime in february has increased exponentially meaning it is now very likely we will continue with the bull market . Of course any major massive crash in price could still change that but as of now its looking very very good...As far as this cup and handle pattern goes...I would definitely expect price action to come back down and try to retest the support of the rimline before finally triggering the breakout...but the way price action ahas been going the past few days it may just keep on continuing up with out the support retest.
XBTEUR 1h chart: short term analysis 20121224Since we're in a big Flat correction, this final C wave of the big flat is a 5 wave up:
This analysis only about the 5 waves up.
Currently we're in wave C of wave 3 of the 5 waves up.
Wave 3 in itself is divided in sub (abc) waves.
The (abc) positions indicate the theoretical targets of each sub-wave. The rectangles indicate the maximum and minimum prices per sub wave.
However, no time analysis has been done. Thus do not consider the width of the rectangles nor the positioning in time of the waves.
BCH Bullish DivergenceTripple bottom formation on 1hr chart.
4hr chart is looking to make a turn around soon.
If this price rise happens, look to the 1D chart for a near drop in price possibly breaking $300 resistance.
Influx of volume today will confirm or cancel out this forecast.
______________________________________________________
Bitcoin and other cryptocurrencies are a very speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment, and a potential total loss of their investment.
Information provided by King Midas is not intended to be, nor should it be construed or used as investment, tax or legal advice, a recommendation, or an offer to sell, or a solicitation of an offer to buy, an interest in cryptocurrency. An investment in cryptocurrency is not suitable for all investors.
1hr fallingwedge & 1day bullpennant still valid despite breakdwnlooks bad for the bulls right now but price action is still very much inside this 1 hr falling wedge after the recent breakdown fakeout. I assume price will also climb back inside the 1 day bull pennant as well before the close of the current 1 day candle.
30 minute chart inv h&s attempting to trigger on btcusd We can see here on the 1hr chart that this 30minute chart inv h&s is trying to trigger a breakout and the current 1hr candle does have some convincing volume behind it. The reason for showing the 1hr chart is 2fold. Firstly, this 1hr chart 200ma(in blue) is clutch support...to sustain this inverted head and shoulder breakout all we need is for the 1hr 200ma to maintain solidified support. Secondly, I chose to show the 1hr time frame to show how if we sustain this breakout how quickly we can flip this 1hr deathcross back into a 1hr goldencross which would confirm the 1hr deathcross fakeout and be a very bullish sign...not only that but he the 4hr 50ma is also starting to curl upward because of this bullish candle and I'm confident if we can achieve a sustained 1hr golden cross we will see the 4hr golden cross occur and be sustained as well confirming the 4hr deathcross fakeout which would be an extremely bullish development too. As I have been saying in several recent ideas I thought that even if the 4hr deathcross were t occur that probability favored it being a fakeout that soon flipped back into a 4hr golden cross and it seems right now that that has a very real chance of still occurring...it all rests on the 1hr 200mas shoulders though. Weekends are notorious for dumping so this breakup could be the fakeout..so all eyes on the 1hr 200ma maintaining support. If it doesnt we still have a bear flag, a rising wedge, and a normal h&s to worry about in the bears artillery.
(Looking for a retest at the 105 level on smaller timeframes)(Looking for a retest at the 105 level on smaller timeframes)
btc reaches 1hr bullflag breakout target, starts forming h&s.we can see that btc hit the 1hr bullflag breakout target the immediate went back down under the top trendline of the bigger symmetrical triangle and is now forming a 1hr head and shoulders pattern. I plan on holding until I se the horizontal dashed green line flip to solidified resistance. For now this could still easily be a h&s fakeout. For now we wait.
1hr chart on xrpbtc impending golden cross + adam & eve dbl bttmnot that 1 hour patterns or 1hr golden crosses are all that significant, but this could snowball into bullish breaks on bigger more significant time frames.
