Considering that Gold did a 3 wave "W" and then followed it with a 5 wave "A" , I am looking for a 3 wave correction (doesn't mean it can't be in the form of a zig zag instead of flat). However the fibs are looking like we will get a W-X-Y pattern playing out.
We are looking at an inverted head & shoulders
\forming and if confirmed we have a target of
$0.285 profits should be taken some where
between 24 and 28 cents. Then we should have
pull out the rest around 40 cents with a stop
loss of break even so we don't risk losing any
money. Happy and Safe smart trading with
good risk management!
Active trade setup on DGBBTC from a confirmed breakout of pattern on the DAILY chart.
Projected target shown. Stops below the consolidation zone and move to break-even as soon as possible.
With such a big profit target, I will be monitoring small time frames for continuation patterns to add to position. Recommend laddering and taking partial profits along the...
Potential Gartley forming on 4hr
Triple top on 1D and 1W charts completed last Friday, July 13th and has been in a down trend since then
50 ema crossed under 200 ema on the 15m, creating more resistance in the short term
At this moment BTCUSD is at the bottom of the daily channel. You need to remember that BTCUSD is in a corrective structure right now. We had a beautiful price action last days. We want to see a strong rejection from this level and a strong UP impuls , before looking for BUY opportunities . We need to see how the price will break the CHANNEL for the ...
guess we wont be waiting for futures to expire afterall...not sure if someone got news that an etf was gonna be approved or what. However this breakout should get us to at least 7.7k Maybe there will be a plummet after this before the futures expire..who knows. I hope for btcs sake it moons though.
Hello traders! At this moment NZDUSD had a strong rejection from the bottom of the daily channel. There was previous support zone. Short term target will be inside the channel. We need to see how the price will break the TL for more Upside. Wait for a corrective structure before you enter the trade. Be patient and wait to see how price action develops. Don't...
Bat pattern forming on AU
Bat pattern is
AB into a .5 retracement
BC into a .786 retracement
CD into an 886 retracement giving us a good shorting oppurtunity with small risk and a great return
Bat also complete at a pretty large structure level which gives us a good spot to place our stops above the X leg of the move (74.900s)
First targets into the .382...
Bitcoin's price distribution is still compressing. It will take roughly a week for bullish (or bearish ) moves to truly be supported by price mass on the shorter timeframes. This is actually the tightest we've seen the distribution all year on the four hour chart, once it starts expanding again we'll see a brief return of price volatility . Do note that the 50 MA...
We might see a inverse head and shoulders pattern play out on bitcoin, the pattern confirms if we manage to break the last high. If we do expect a test of the next resistance line as indicated on the chart.
Seems like my last call of 8500, was just a point near a magnetic point of the Algo. It could still break up anytime, but dont matter what I'm still convinced, my white curve is pretty right and could end in 20k even earlier then october. Then a overbuying should cause a new serious ATH this year
