✅️Bigger Picture: 🟩Eos Long Idea🟩▪︎Earlier we Looked At The #BAT pattern On The Eos/usdt pair, D Time frame,Now wanna Take a Look at The bigger picture.
●In This chart (W) we can See a Giant F.wedge
Which Now we are at The bottom of it!
Also It's considerable as #ABC correction..
And This bottom we are Now is 89% down which is Fib Number as you know.
☆So plan is That BAT pattern I mentioned Last Time at Daily (Which is almost complete) Break
And It starts..
¤There Are 2 options:
1.we Reach Through upper band of The wedge, without breaking and continuing The Pattern
2.Reach The upper band and Break It!
-Either way Profit Is on a Bull Side,and Either Way Long is The only reasonable Option,
So Just Give Bears a little Time To pack a 🎒 and
We are Good to Go👍
Good Luck✌️
Fibbonachi
RVNUSD deep retrace, ready or not?RVN recovered momentum candle for 3/4, or more.
Currently at the deep retrace on Fibb's
Will it bounce now, or dump to lower numbers.
It already lost 93% from ATH, but we have seen worse scenarios, its not the end.
My opinion: It didnt accumulate in this low area to long and might play between two lowest fibbs few months, or skyrocket to GP.
Dollar Index Weekly Forecast Last week we have seen heavy movement on the dollar index after Powell announcements that focused on the increase of interest rates. Knowing this, the dollar index will be the most important chart to pay attention for this business quarter. We can see a lot of classic technical aligning with this fundamental information. Currently, price action has started the week in consolidation. This is pretty typical for US instruments since the first week of every month has high impact news releases. Keeping our bias on the higher timeframe, we can see that there is a high probability for the dollar index to go beyond the previous high. Please note the multiple fake our to get this market going for the week. :-)
Bitcoin Repeating Fractal from 2013 Low thru 2017 PeakIf you overlay the fractal from Bitcoin's own chart from mid-2013 to the end of the 2017 bull market, you get a very similar looking structure.
The vertical lines are depicting the peak RSI at the top of the 2017 bull run and in the 2021 bull run. Although we did not reach up to 98k, which is where the previous fractal would have taken us, I take this point as the "euphoric top."
Keeping that in mind I believe that the actual top of Bitcoin in 2021 is, in fact, acting as Bitcoin's structural retracement. If you overlay a FIB from the fractal's ATH from 2015 to the first initial profit take (June/July 2021), it would make the actual ATH a retracement between the 0.5% and 0.618% FIBs.
With that same peak, it would also give us an 82% crash from this hypothetical peak to trough, which I know a lot of chartists are waiting to see since it's what we've done in every bear market so far in Bitcoin's history.
I believe the bottom could very well be in and that we could be facing a long term accumulation period for the market as a whole.
Let me know what you guys think in your comments below.
Note: Not Financial Advice
GBPUSD A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 1.21500 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: GBPUSD Waiting for the Range Bound and the beginning of the Ascension Trend.
BTC/USD Prediction AnalysisDear All respected Traders and Investors,
I made a simple analysis for BTC/USD
I reckon you guys to entry at my sign "Entry" and take profit at my sign "Potential target"
This is almost weekend
Make your own analysis is sounds better!
Happy trading y'all and good luck!
PS: Please DYOR before entry the market
AUDUSD A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 0.69500 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: AUDUSD Waiting for the Range Bound and the beginning of the Ascension Trend.
$QNT retests the 200 MA After the quad bounce off of the 0.786 resistance line yesterday (Larger Circle), the $QNT market headed towards a retest of the 200 MA (Smaller Circle). It was beautifully executed, both the 200 MA and the ichimoku cloud were touched, retested and successfully held their ground. The $QNT market is on its way up again following the uptrend line I had drawn a few days prior of buying what seemed to be the bottom of this run. Hopefully we can see some very nice profit over the next couple of days!
Thanks all for taking the time to view this idea! feel free to leave a comment and let me know if you agree with it or of there is anything I should consider on top of this information. I wish you good luck! <3
Higher volatility ahead In my last post i mistakes the spy for the SPX. the reason I think we are still at uncertainty is because there seems to be a debate between the government and investors about what the rate hikes should be. With only one more FOMC meeting before fall. This is why it seems accurate to me. Especially if investors get surprised by the numbers in September.
BTC LOGARITHIMIC CHART EXT./RETRACEMENTExtension/Part 2 of my BTC's Logarithmic Chart. Looking at past retracement pattern we see btc retraces 30-40% after every bull market, so if we follow that btc's bottom will be 20k or more, but for that we might need a push back upwards, above the 70k range, around 80k which can be possible if we get a reversal from this current consolidating range, but keeping the macro economic conditions in place a 50% or more retracement is quite possible
ALGO Long: Update My initial thought was about .65 pivot after the last correction but overthinking and a busy day with errands blindsided me into hoping for a drop even lower, therefore I did not open an order and missed a chance to make a sweet little profit as it did move from .65 to about .69 before a tiny retrace back into the .67s.
The volume is very very steady at a normal pace, not much volatility and seems to trend upward within the channels I've drawn. Buying pressure is winning here and I did go in during this last retrace, albeit a mini retrace and plan on longing until the next target which I have at about .77.
Keeping my stop loss tight as I don't want to lose profit I gained from the long I opened yesterday morning and closed after the run proceeding FIFA news.
If I see price action fall into the support level under the trend line I've outlined, I will look for an exit.
I'm learning TA on my own by reading books, watching videos and trial and error.
If you like my thought or are more experienced and think I'm on the right track, please hit "agree".
Thanks!
BTC - Expect more pullbackBTC's price action is really weak and bearish using Fibbonacci and harmonic patterns this chart seems plausible although highly speculative.
This chart is not a trade signal however it could be used as a reference if BTC generally follows this pattern.
Looks like a new low could be created and soon
Good luck and best regards.
ETH - you rascal I find drawing trendlines are almost always accurate in the long run predicting price action (sometimes in the short run it's extraordinarily accurate as well) add Fibonacci and a lil experience and I would put this chart at 70% accuracy. Plus the market maker(s) exchanges are not giving free money to shorts.
* is anyone could see this chart is entirely speculative, and *should not be traded around****, yet if Ethereum Price action is following this pattern generally feel free to use this as a reference.
Good luck and best regards
BEARISH and UP - Long and Short?Using the Fibonacci and harmonic patterns , this seems plausible as market makers etc. are motivated to wiggle profits from shorts (free money isn't given to anyone)
Definitely don't trade around this pattern it's completely speculative, however if BTC generally follows this price action use this as a reference
Good luck and best regards
Feel free to look at some of the other harmonic patterns I've put forward (before and after charts) many are extraordinarily accurate, and some were entirely wrong.
Good luck and best regards