Schwager (1996) suggests that profitability from failed patterns is often greater than from correct patterns. At the moment, #bitcoin is in the process of ratifying a failed head and shoulders pattern. With the daily candle already above this 45k range, it would imply a move further to the upside. Immediate upside is 48-49k while a larger move would put us close...
In NSE:BANKNIFTY there is failure of descending triangle pattern. When a descending triangle fails, it often leads to a sudden reversal or consolidation rather than a continuation of the prior downtrend. This reversal could result in a period of sideways movement or even a bullish breakout if buying pressure persists. A sustained rally above the upper trendline...
Another big disappointment for the JUNO community today. The latest in a string of major failures for the chain stemming back to early 2022. A single poorly coded app was able to affect the entire ecosystem and almost knocked it off line. I think JUNO will make new lows even while BTC, ATOM, and the rest of the crypto market do not.
As the charts show, - Weekly head and shoulder pattern failure. - A major downtrend got reversed from a gap which happened on Monday(a very important thing to look out). - 45% up after taking the support of the gap. - Very strong daily close today. - Start the accumulation now for great upside from 65 and up levels.
Every recession has resulted in liquidity issues. The prior two resulted in treasury market illiquidity through bank runs. The treasury market is the largest and most liquid market in the world. I'm sure Tether will be fine though...
Failure of the sales triangle ..................................
Bitcoin has given us a a 40% rally from the lows in this most recent correction. Market structure has shifted bullish by giving us a higher high. We have not yet been given confirmation with a higher low. It has formed a daily SFP (Swing Failure Pattern) by wicking above previous structure and closing below as a bearish hammer. This is a perfect opportunity to...
A fake failure is observed in the viewing chart The market is expected to decline. We must also pay special attention to the FOMC session. We will probably face a severe gold dump.
I see Fifth wave failure on #BTCUSD chart. BTC must back to 50K soon I will multiple entries buy in this zone ( manage yr lot size ) Invalid 5 wave failure around 31000(S/L zone ).
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I see the reversal trend as braking out and Monday should be a large climb leading into a week of bulls to the 0.618 fib. The resistance line to break was set back on April 07. Breaking it today (May 8th) sets for a failure to double top. I believe the US played a big role in this current reversal, but the pattern, fib, and resistance lines still hold. I'm in for...
THE MISALLOCATION OF RESOURCES IS SEVERELY HAMPERING THE GLOBAL ECONOMY! THE INFLATION-ADJUSTED DEMAND FOR OIL IS COLLAPSING! THE CREATION OF FIAT CURRENCY IS WHAT SUPPORTS THE PRICE OF OIL, NOT FREE-MARKET DEMAND! BUT WHEN IT BEGINS TO RISE, INSTEAD OF SIGNALLING A RECOVERY, ALL HELL WILL BREAK LOOSE!
Friday, GSX experienced heavy selling throughout the day with a nearly 15% drawdown by the end of day. Throughout the bear market, GSX has been resilient and is considered relatively strong compared to other sector stocks. This changed however when GSX clearly broke a support level at 34.50 on heavy volume Friday. Despite the bullish price action in the...
Let us again look out on how XLE is shaping up (previous analysis attached for your reference) Price moving just as expected, as evident in the charts, we had support on $ 53.36 levels , which was 24th Dec 2019 low. Price closed at about this level over the last few weeks but during the week, this level was breached. Minor cycle low formed 27th Jan 2020, 2 weeks...
AUDNZD is trading under 50sma in H4 chart, a sort of double bottom has been formed (It is exactly a bottom failure swing), I suggest waiting for a breakout of the small resistance in order o open a long trade; RSI must have broken level of 50 before considering the opening of a long position. If price does not manage to break resistance we will wait and we will...
Bitcoin reacting very well to my plan I made month ago (). Broke out the wedge with volume on a daily. Currently consolidating in a smaller wedge above the down trendline, touching strong demand zone, touching 200 MA and creating SFP there. Could go lower but this is a must buy for everyone with a tight stop.