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Bullish Patterns

BTC.D And ETHBTC Triangles Are Supportive For BITCOIN!Hello traders! Today we will talk about Bitcoin and its dominance! Well, as you know BTC Dominance is in the sharp rise and looking at the current wave structure, it doesn't look like it's already topped yet! A potential continuation triangle formation can be also seen in the ETHBTC chart, which means that BTC is still leading! So, in our opinion, based on many more evidences we shared with our members, we believe that BTCUSD should be supportive here and it could easily remain in uptrend, ideally within a big bullish triangle pattern. That being said, as long as BTCUSD is trading above strong 9500 support level, we think that there's room for more upside, so don't fall in love with bears just yet! Be humble and trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:BTCUSDEducation
by ew-forecast
5
Bearish flag analysis on XAUUSD (gold)From the chart, there has been an increase in gold in a close-knit candlestick pattern, with it increasing value. This has caused a bearish flag to arise. This is recognised due to: 1. quick increase to reach the basis of the flag. 2. once it was reached began forming an upwards flag shape with close-knit candlestick high/ low closes. 3. once the flag lines (orange) got closer together, there is an expected bear break out due to it being a rising flag. 4. This is also backed due to the reduced volume once the flag is reaching a close. 5. as it can be seen, the break out downwards should see the price of gold to begin to slowly fall. However, this is not the case lately due to today's actions by the Dow in response to Trump's tweets about China. Nonetheless, if such didn't occur this should see the XAUUSD to fall lower to reach 2nd support, leading to either consolidation or a bounce off support to bring the price of gold back up. If this did not occur gold prices will be in a downtrend. Due to Trumps recent tweets and fears of a recession due to the inverted bond yields, this may see gold prices to continue to rise upwards breaching resistance and being able to surge past $1580. This is an example of a bearish flag and can be used to analysis all other shares, crypto's and commodities, if probable analysis is completed.
FX:XAUUSDEducation
by brendan_ellich
[Fibbonacci]: How to get better BTC gains than other traders!In this post, I will probably show you the most time-efficient way to maximize your gains in the BTC bull market. As you can see graphs moved before, move today and will most probably move in the future in similar waves with strong pushes, followed by consolidation phases. If you want to maximize your profits you can sell the tops and buy the dips. There is a wonderful tool to help you with that! Take some time to understand it and you probably won't be sorry. Here are some tips: 1. The previous top can show you where approximately the next top will be! a) 310$ top in the previous bubble cycle shows you where the next (s)top will be - 1.618 Fibbo level is the one that becomes the real boundary on the next run (507$ blue line) - it might be smart to put sell orders around that level (you can read where exactly to put the order in the text bellow) b) 5531$ top enabled similar projection in the bubble cycle we have started this year! - 1.619 Fibbo level shows 8949$ as top (we actually reached 9096 with spike) - there was a similar double top play as we had it before c) The last wave top can also be projected from the previous top - 1.618 Fibbo from the local 2016 double top (467$) took us to 755$ projection (we actually reached 778 on a spike) - 1.618 Fibbo from the local 2019 double top (8.5k) took us to 14191$ projection (we actually reached 13880 on a spike) 2. Supports and resistances from before are the fine tunning tool you may want to use! a) As you can see there are always some supports around 1.6 Fibbo level from the previous price movement from the bubble pop. Using the closest one just bellow 1.6 Fibbo can be a smart way to go. b) Since the spikes are fast you may want to set automatic order in order to maximize your gains. c) Ex. in 2016 739$ sell order would work nicely if you were not greedy. Similarly in 2019 13790$ sell order would do the same and you would be selling the position nearly perfectly. 3. Buying the dip can be a bit more tricky! a) As you can see a spike down usually touches the previous high but doesn't stay there for a long time b) Counting on the touch might be tricky so it might be smarter to find the support line, where you already get a good price and accumulate BTC c) You can wait for support to get clear and buy the majority of stake on that level and maybe go for the best possible (minority) position with automatic buy order close to the previous top (falling knife spike down) With this strategy, you use the least amount of time and you will most probably beat 90% of traders and also the hodlers. Hope this helps and we all know it's not financial advice. It's just an idea. ;-) Work smart, not hard!
BITSTAMP:BTCUSDEducation
by Samoto
12
Elliott Wave & Intermarket Analysis For NIKKEI And USDJPYHello traders! Today we will talk about stocks, specifically Nikkei and why USDJPY can see higher prices. Well, as you may already know, in EW theory after a three-wave corrective decline, the trend should remain to the upside. This is what we see in the stock market all the time. However, Nikkei got our attention, because we can see a nice five-wave rally after that three-wave a-b-c correction, which means that Nikkei remains in uptrend, but after another three-wave correction in the lower degree, where ideal support would be here around 21450 - 21250 levels, just keep in mind that bullish confirmed can be only if it manages to turn back above 21770 region! In the right picture you can see tight positive correlation between NIKKEI and USDJPY, which means that if NIKKEI points higher, then even USDJPY can see higher prices, so don't be surprised if USDJPY remains bullish towards 109 area or higher! So, seems like risk-on sentiment may continue and when we are in risk-on, we usually see bullish stocks, which are followed by recovery on XXX/JPY crosses. That being said, be aware of a bullish continuation on stocks, while XXX/JPY cross pairs may see a bigger recovery! Be humble, trade smart and wait for the right sentiment to enter the market! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CME:NKD1!Education
by ew-forecast
EUR/USD UPTRENDING !!*-BROKE ASCENDING TRENDLINE *-DOUBLE BOTTOM FORMATION SIGNALING A TREND CHANGE *-PRICE IS ABOUT TO CREATE A NEW DESCENDING TRENDLINE *-I AM EXPECTING A FURTHER MORE SMALL PUSH TO THE DOWNSIDE TOUCHING THE SUPPORT AND FIBONACCI RETRACEMENT *-PRICE MIGHT ALSO CORRELATE WITH 50 EMA *-WAITING TO SEE SOME PRICE ACTION/CANDLESTICK PATTERNS ON MY POCKET BEFORE ENTERING A LONG TRADE *-BE CAREFULL OF NFP THIS FRIDAY *-ITS BETTER TO CLOSE ALL OPEN TRADES BEFORE NFP #tradesafe #education #bestsetup #learn #freecontent
Education
by theforexdaddy
The Cat Theory & the Major Resistance Ahead - Bitcoin is felineHey everyone, I usually post more on weekends and here's another look at how Bitcoin and XBT price could move in the mid future. Yesterday, I posted a chart that talks about time and how I've mastered it. There are 5 main points to talk about on this chart: 1- Major past support and future resistance area 2- The 134-day stagnation zone that turned our lives into hell 3- The mirror trend and those two egg-shaped ellipses 4- The 8 times bears failed to drop the price down but succeeded on the 9th attempt - 134 days ago (Is Bitcoin a cat?) :/ 5- Will it take 8 failed and 1 last successful attempt to bring the price back up above that resistance line?? (Can a cat do a phoenix?) Look at this chart closely. It says way too much. That resistance/support rectangle at the 6,000$ level is HUGE. It's unbelievably powerful and it took 9 attempts in the past to break below it. Breaking that support line took us on a freefall into that stagnation zone between the $3,000 and $4,200 range. Now at this point, Bitcoin and crypto people got too tired as we were just out of panic phase and into CAPITULATION. The stagnation lasted 134 tiring days and I was one of those people who was actively watching that market and having some fun on BitMEX. From the look of it and the recent bullish rally, I can say that we are currently in DISBELIEF phase (or in other words, the sucker's rally). Things are looking great, people do not believe what they're seeing and they are getting ready for that hyperbolic rally. No, we're not there yet. I know many of you will hate me for saying this, but we are still a long way off that hyperbolic rally. Give it a few months. It will take time. Why do I say this? It's that major resistance line above us. On 14th and 15h of July 2018, Bitcoin bounced back up from that support and made us think that we were back on track to new all-time highs. That was clearly the DENIAL phase as people were saying bitcoin was the future of all currencies and that it was just cooling off. They were wrong. Now when that rally failed, I knew that the price would break below that green psychological barrier and if you read my last post, you will see that I accurately predicted that the price would plunge below it somewhere between the 9th and 15th of November. The two egg-shaped ellipses and the mirror scenario. There's a really nice saying that goes like this: "Some days I think I look kind of cute, but other days I try to avoid the mirror." This is the case with the mirror scenario and those two egg-shaped ellipses in there. The day will come soon when we will think that it's looking so good, but then one day we will wake up and see Bitcoin form a new lower/higher low parallel to that stagnation zone. It remains to be seen if Bitcoin will try to dump out the weak hands one more time and whether we will have multiple attempts before breaking above the green psychological resistance level or would we slice it open much faster. I personally believe the most likely scenario is the one shown on my chart. I will bring more updates to prove my followers that I'm a master of times and an expert of charts. xD Thank you for reading dear friends. See you in the next one!
BITMEX:XBTEducation
by UnknownUnicorn1866407
US Oil: A big challengeUS Oil presents some serious challenges for those looking to short this market. This analysis is time frame dependent. Which way you might want to go depends entirely on trends in respective time frames. DAILY PICTURE 1. On the daily time frame this is very much a bull market. We can see that in the ATR (amber trendline) and the green Guppy investor zone. 2. On the daily price has made a temporary retreat to near ATR support, in a parabolic limb of the curve. 3. If anything this is usually a place to go long (on this time frame). 4H - FOUR HOURLY PICTURE 1. There is an early trend switch for the south. 2. This is seen on the ATR and SQM (Squeeze momentum). 3. But it isn't as yet a Grade A or Grade B switch. DECISION-MAKING (Speculative issues) 1. Finding appropriate entry point on a chosen time frame. 2. For a limited hit going long (north) on the 4H, taking a reasonable stop loss and taking only about a 26 or 38.2 Fib retracement of the most recent daily candle. 3. For a limited hit going short (south) on the 4H, a larger stop-loss is required. 4. Possibly going long on the daily and hold out. As usual before starting any trade on any time frame common things need to be decided: 1. Time frame one will stick to (1D, 4H or something else). 2. Entry position. 3. Stop-loss. 4. Exit position. Stop-losses on 4H and less need to cater for short spikes in price. So simply saying 2.5 times ATR may not be enough. Based on experience only of US Oil, I can expect a recoil up on the 4H but of course, I can't predict how much. As mentioned above I can expect at least a 26% Fib on the length of the last daily candle. Expectation is not prediction. Declaration : This post is for educational purposes only. Nothing here is intended as advice. Your losses are your own should you still construe this as advice, act on it, and lose money.
TVC:USOILEducation
by Captain_Walker
Elliott Wave & Intermarket Analysis For DOW JONES And AUDJPYHello traders! Today we will talk about positive correlation between stocks and xxx/jpy cross pairs, while we are in RISK ON sentiment. Well, as you know, stocks are in uptrend and there can be room for more upside once a bigger correction fully unfolds. At the same time, xxx/jpy pairs are usually in positive correlation with stocks that can be clearly seen in the first chart above! The best examples at this stage are Dow Jones and AUDJPY, where we see a potential bullish triangle in progress which may take some time, because we still see an unifinished five-leg A-B-C-D-E sideways movement. Currently we are observing a three-wave (A)-(B)-(C) rally to the upper side of a triangle range for wave D, from where we may see another sell-off for wave E and once a wave E completes, this is when a big triangle can be finished that can push the price back to highs! These triangles are valid while price keeps trading above blue wave A swing low and bullish confirmed can be only above blue wave B swing high! That said, we are patiently waiting to see if the triangle will unfold as we wish! Trade well! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
DJ:DJIEducation
by ew-forecast
4
EW ANALYSIS IN DETAILS: NZDUSD Forming Bullish Setup?!Hello traders! Today we will talk about Kiwi (NZDUSD) and we will show you how EW works in details if you have the right approach! Well, Kiwi made a nice five-wave rally with extended wave (v) into a wave "i" last week, which in EW usually suggests a bullish reversal! So, after every five waves, a three-wave pullback follows in wave "ii", and as you can see, at the beginning of this week, Kiwi slowed down in a three-wave (a)-(b)-(c) correction, which can be approaching the end soon, right here around important 0.6800 support area! That said, if we see a sharp bounce here in the projected support area, followed by a break back above 0.6865 region, then we can confirm our wave count which can send price even much higher within wave "iii" towards 0.69 - 0.70 area or maybe even higher! Anyway, keep in mind that corrections can be very complex, for example deeper or more sideways price action. So, as long as price remains above 0.6745 invalidation area, we will remain bullish! Trade well! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Education
by ew-forecast