October is for SLP! Now or NeverLets see how this setup goes.
Not going to do actual trades. Will only observe.
Crabpatterns
ICP (dfinity) bold take Having seen this vicious VC dump, driven by numerous actors across the board, in many presale marketing sponsorships. I’ve made the gut decision to believe, they will definitely buy back cheaper. they may not and I’m okay with that but plan accordingly. *Not FA*
I’ve seen this coin dump from 660$ (it’s listing), to 32$, which is more than a 95% dip.
Keeping in mind the psychological warfare we see in crypto-on twitter specifically-I’ve concluded this is definitely more concrete fud being spoken than actually bearish reasons.
They want you to sell your coins, thankfully I never got married to it and took my onlyloss on it from $120 -> 105$ Per share-I saw the bs and so did the people around me-I have them to thank for that partially. I’m also glad I cut my losses closer to the top than not at all-I saw the dynamic develop on twitter.
They quite literally just increased their buying power at this dip and no one saw it coming-myself included. I am creating this first post in an attempt to be better and more methodical in my approach.
The main bulk of my analysis is inverted head and shoulders patterns on LTFs for swing traders, combined w a Fibonacci-based ema swing strategy. I’m probably going to pull my position at 50$ and rebuy around 43$. Not financial advice-just my personal (spot) position.
Having said that, I will publish another picture on top of this to indicate a more near inverse head and shoulders pattern...this is better than inception lol.
FDN (DJ Internet Index) Double Bearish Patterns evolving.....In the Covid-19 fell March/April selloff this index fell approx 32%.
It has regained just about 88% of this range and created a Bearish Bat Pattern.
One can overlay this with a Deep Crab Pattern which started on March 10th and signalled today.
The Deep Crab Pattern typically can have an extention which exceeds 1.618 and can reach as far
as 1.94x so this would target $156.57 area max.
So two bearish formations could lead to rapid sell off if some of the main internet sector leaders fail or
the general market hits an air pocket.
This is a 180 minute chart so price action could evolve quite rapidly
S.
US Bank Have 2500 Gold Dream.Will Be it Scareful Reality or Not?I read this News
Precious metals have become the focus of many researchers and traders recently. Bank of America recently raised its target to $3000 for gold.
In December 2019, we published a research article suggesting precious metals were setting up a long-term pattern that should result in a big breakout to the upside for gold.
Every trader must understand the consequences and market dynamics that may take place if Gold rallies above $2500 over the next few months.
Then I made this Idea and I try to Analyze it technically as a student.
According to Classic Technical analysis and Harmonic Analysis in Monthly Time Frame.
Gold made a Continous Cup and Handle Pattern about 1800
and Also
Gold Could Have Made Crab Harmonic Pattern So Far
and
as I already was published
.
I think that Gold will Make "Three Drives Pattern " to Touch 18xx that It will be Top of Handle in Handle and Cup Pattern.
So I think that It is a Scarefull Reality for Traders and Investors and specially Iranian Peoples,
It will make More worse Economic Inflation Ratio and It Is a massive Tragedy for us.
I dislike this Idea.
SWISS CRAB POSSIBLY DEVELOPING
FISHING FOR CRABS!!!
Hello traders, this is one of my weekly pre-market ideas, a deep bearish crab pattern possibly developing awaiting the completion of our D point. The measurements for the X-A-B-C-D met the requirements to validate the pattern if the market gives us the D point. We need to see a A-B retracement at least to the 0.382 for our C point before the D anticipation. Although this pattern is developing nicely, market open could change this pattern if we get a gap that violates the development of this pattern.
Crabs are usually the result of a failed bat pattern and they are my favorite pattern to trade. This is shared for educational purposes and should not be taken as a signal.
Crab patterns are considered volatile and you can expect volatile price action towards, near or at the D point. Good luck to all traders and trade smart, don’t gamble.
DEEP CRAB SPOTTED
FISHING FOR CRABS!!!
Hello traders, this is one of my weekly pre-market ideas, a deep bullish crab pattern possibly developing awaiting the completion of our D point. Our B-C came within the 3% acceptable measurement for the .382 retracement.
The measurements for the X-A-B-C-D met the requirements to validate the pattern if the market gives us the D point. Although this pattern is developing nicely, market open could change this pattern if we get a gap that violates the development of this pattern. Crabs are usually the result of a failed bat pattern and they are my favorite pattern to trade. This is shared for educational purposes and should not be taken as a signal.
Crab patterns are considered volatile and you can expect volatile price action towards, near or at the D point. Good luck to all traders and trade smart, don’t gamble.
LARGER CRAB POSSIBLY DEVELOPING
FISHING FOR CRABS!!!
Hello traders, this is one of my weekly pre-market ideas, a deep bearish crab pattern possibly developing awaiting the completion of our D point. A deep bearish crab setup was published earlier on this currency pair and this idea shows a larger move in developing with a regular crab pattern.
The measurements for the X-A-B-C-D met the requirements to validate the pattern if the market gives us the D point. Although this pattern is developing nicely, market open could change this pattern if we get a gap that violates the development of this pattern. Crabs are usually the result of a failed bat pattern and they are my favorite pattern to trade. This is shared for educational purposes and should not be taken as a signal.
Crab patterns are considered volatile and you can expect volatile price action towards, near or at the D point. Good luck to all traders and trade smart, don’t gamble.
Can We Catch a Swiss-Yen Crab?FISHING FOR CRABS!
Hello traders, this is one of my weekly pre-market ideas, a bearish deep crab reversal pattern possibly developing awaiting the completion of the D point. The measurements for the X-A-B-C-D met the requirements to validate the pattern if the market gives us the D point. Although this pattern is developing nicely, market open could change this pattern if we get a gap that violates the pattern. Crabs are usually the result of a failed Bat pattern and they are my favorite patterns to trade. This is shared for educational purposes, not a trade signal.
Crab patterns are considered volatile and you can expect volatile price action towards, near or at the D point. Good luck to all traders and trade smart, don't gamble.
We Might Catch a Crab!FISHING FOR CRABS!
Hello traders, this is one of my weekly pre-market ideas, a bearish crab reversal pattern possibly developing awaiting the completion of the D point. The measurements for the X-A-B-C-D met the requirements to validate the pattern if the market gives us the D point. Although this pattern is developing nicely, market open could change this pattern if we get a gap that violates the pattern. This is shared for educational purposes, not a trade signal. Crab patterns are considered volatile and you can expect volatile price action towards, near or at the D point. Good luck to all traders and trade smart, don't gamble.