This is a potential trade that has a greater probability of price NOT working out. However with this being said, IF the price was to come down this quick we could have a good potential long trade with a thin area of support on this XTP-2 Pattern.
Hello traders! Bitcoin is now facing a big test! Technically speaking BTC is in a corrective structure right now. The price is below our daily MA. Bitcoin is now at a critical level , it's close to its February lows. It must protect this level. It is very possible that sellers which are in control, to push bitcoin lower and retest this zone, and even to make a ...
Hello All!
Lowering recent bearish trendline (red) and the major ascending channel are forming grand bullish pennant formation.
After two consequent breakup attempts, the price kept always returning inside the major uptrend pattern.
RSI is demonstrating strong support for BTC higher low on both H4 and Daily timeframes.
Interestingly, the amount of short...
This ETP-4 XABCD Pattern completed and worked out already but feel free to follow me and check out all of my past ideas as I"m sure you will see they create and worked out quite well!
The chance of this pattern getting down to support is slim but IF this was to happen, then we know what we should all be considering. A pattern with a reversal at support is a pretty clear way to play this bounce if it happens. Attaching an ETP-3 pattern we published earlier if you want to see how it works (attached).
I've learned patterns need to complete...
Simple head and shoulders pattern on Ethereum. It still didnt fully formed, but going to form it soon, divergences and volume confirming this pattern. The signal to buy will activate if price will break up the neck line.
Looking for BTC to continue to call until we get to an area of support which is projected to happen at this ETP-2 pattern. The time will start once price is in the entry and looking for the reversal to happen before the 1.13 time extension. I know a lot of people might not think the BTC will get this low, but I"m saying, IF it does, this is where we could...
Look Chart :D
respect the rules --> Profitable trader
Do not follow the rules --> You can cry
Do not try to take a position without analysis. No revenge.
100% accuracy bullshit if you have enough to move the market with the big whales.
Real accuracy IF RESPECT THE RULES 50% to 90% but minimum 50%.
My opinion.
Key ? PATIENCE AND DISCPLINE.
Stop paying...
We reached 1st and 2nd targets, but never see a bottom or oversold conditions. I think we should visit 30RSI on daily and launch up. Most likely it will be a trendline that we made with recent bottoms ~ 6.5 - 7. Looking at 1H RSI, most likely we will see a wave 5, but it 0.382 Fib will be breached, we may go straight to the target
Trade only at your own risk....
Take a look at DAX weekly chart. 11900 is a very strong support, on which the price bounced back multiple times. Are we going to see an head and shoulders pattern? We alredy have the first two elements. Now we need the right shoulder.
I have lost my drawing tablet pen in a recent trip, so until I receive a new one I can only do crappy drawings with the trackpad. But I wanted to get my idea across somehow.
Not the end of the world, but no-one likes dandruff right?
BTC couldn´t bear it anymore so she went to ABC Mall and got a huge bottle of H&S,
The thing had been kept consolidating in her...
We just saw a double top pattern in WTI which is signaling a downtrend in Crude Oil. We are shorting it now looking for a 64 as first stop our final target is around 55.
Keep in mind that a break on 66 or 64 may be the start of a large move.
Good look
