Chart-pattern
DOT technical analysisHello everyone, welcome back.
* This is not a financial advice, trade on your own risk management *
looking at Dot chart, and also analyzing Total market cap with it, we can figure out 2 things :
1. we have a trend line on dot chart in which everytime we hit the bottom, we bounced off and made a new high.
2. every bottom we made on dot, was also made by Total market cap hitting the bottom as well.
no we can see that our trend line is broken in dot, but we can see weakness in the breakout, So I can pretty much tell that its going to be a false breakout ( there is no good momentum candles to confirm this breakout ).
* Tip1 : Every time price fails to break a level, there is a good momentum made on the opposite side run *
So I expect we have a run toward top again, as you can see on the chart, my targets are marked with arrows.
Good luck.
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USD/CAD - EWTUSD/CAD - Price may enter a correction soon. Waiting for confirmation to see if Wave 5 actually ended or if it will extend more.
If the price starts to retrace more, then it can touch the areas marked on the chart, otherwise, it can still continue on the upside for a short while.
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AUDUSD long ideaSo what do we have here, you can see that the market went to the low, pierce below it and then rised again makinf double bottom formation plus SFP pattern, the market also showing strong bullish candles and currently making a flag after a strong bullish candle on the 30 minutes, I will say that we can buy on strong bullish signal breaking through the flag and then breaking up from the down trendline, the target set is the target for double bottom chart pattern and the stop loss is below the low, trade with care and cheers
btc still holdingbtc continues to hold support around $40500 hopefully we start seeing some volume come in. that support wont last forever if we keep touching it more. i want to see atleast the trend line break with some decent volume and retest that 45k this week. would give us some hope. any daily closes below 38k area won't be good at all. btc is hanging in there.
GBP/JPY 1 hour triangle breakout imminent #pricewatchHello traders,
The new week begins with a setup on GBP/JPY - Price has consolidated at the highs of last weeks impulse and we could see a breakout today or Tuesday. These types of setups have a high success rate but look at placing a buy stop just above the triangle for confirmed breakout and stops should be a few pips below the triangle.
These #pricewatch posts will be posted more across my TradingView profile - follow and like these posts for more.
Good luck.
Ike
Elliot wave with Diagonal Ending Elliott Wave Count in Bitcoin Daily Chart
In most cases, if wave 5 is formed as a diagonal triangle, it will cause severe falls after the end of the process.
So after recognizing these diagonal triangles in wave 5 - you can close your long trades at the right point and make good profits from short trading in corrections waves.
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Gem in the Rough (Intel)I discovered a gem-shaped pattern that I call the Ruby Pattern© . Inside is another pattern I call the Lance Pattern© . Let me know what you think. Aside from the pattern itself, the market for semiconductor chips is incredibly hot right now. Intel CEO Pat Gelsinger predicts this trend to last until 2023.
Gaps US 100Decided to post something else today.
There is liquidity sat above, but today I am looking at the gaps that have been left these last few trading days.
I like it when the gap gets filled quite early on, yes it is frustrating if you get suckered into a move only to see it reverse but if you get a gap and go, there is always the worry that the trend never really comes.
We have a POC and gap fill just above, so looking for that to happen today.
Ideally we come back down and fill those gaps below but I would be just as happy seeing new All-Time highs, so will trade what I see.