BITCOIN ROADMAP CHAPTER 7Hello everyone , this is new roadmap for bitcoin after 1 year , previously we had this long term setup for btc and now we are close to another potential long term trade from the green zone.
This is NFA and you better keep an eye on S1 , be advised in case we break the curve resistance , this analysis will not be valid anymore.
Good luck
Harmonic_patterns
Massive Falling Wedge Headed Into EarningsAlways keep an eye on LAC, however, I've never seen it hold within a falling wedge for as long as it has, while heading into earnings. LAC is still holding the same massive falling wedge on the daily and weekly timeframes. LAC has a nice double bottom and MACD golden cross on the daily timeframe, accompanied by a bullish cypher harmonic pattern. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime -- Price Targets & Previous Charts Attached In Description --
PT1- $20.81
PT2- $21.67
PT3- $22.54
PT4- $23.78
--Weekly Timeframe--
-- Previously Charted--
Scott Carney's "Deep Crab" & the Fields Medal in MathematicsQ: What does the former have to do with the later?
A: The intuition in the former (S. Carney) is born out by the later (A. Avila; Fields Medal - 2014)
From Scott Carney's website;
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"Harmonic Trading: Volume One Page 136
The Deep Crab Pattern™, is a Harmonic pattern™ discovered by Scott Carney in 2001.
The critical aspect of this pattern is the tight Potential Reversal Zone created by the 1.618 of the XA leg and an extreme (2.24, 2.618, 3.14, 3.618) projection of the BC leg but employs an 0.886 retracement at the B point unlike the regular version that utilizes a 0.382-0.618 at the mid-point. The pattern requires a very small stop loss and usually volatile price action in the Potential Reversal Zone."
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From Artur Avila's Fields Medal Citation;
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"Artur Avila is awarded a Fields Medal for his profound contributions to dynamical systems theory, which have changed the face of the field, using the powerful idea of renormalization as a unifying principle.
Description in a few paragraphs:
Avila leads and shapes the field of dynamical systems. With his collaborators, he has made essential progress in many areas, including real and complex one-dimensional dynamics, spectral theory of the one-frequency Schrödinger operator, flat billiards and partially hyperbolic dynamics.
Avila’s work on real one-dimensional dynamics brought completion to the subject, with full understanding of the probabilistic point of view, accompanied by a complete renormalization theory. His work in complex dynamics led to a thorough understanding of the fractal geometry of Feigenbaum Julia sets.
In the spectral theory of one-frequency difference Schrödinger operators, Avila came up with a global description of the phase transitions between discrete and absolutely continuous spectra, establishing surprising stratified analyticity of the Lyapunov exponent."
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The connection here, as it is related to the specific "Deep Crab" harmonic pattern in trading, between intuition and general, analytical result, is illustrated somewhat simplified (but without distortion).
In essence, Avila has shown that in dynamical systems, in the neighborhood of phase-transitions in the case of one-dimensional (such as: Price) unimodal distributions, after the onset of chaos, there are islands of stability surrounded nearly entirely by parameters that give rise to stochastic behavior where transitions are Cantor Maps - i.e., fractal.
From that point it is an obvious next step to generalize to other self-affine fractal curves , such as the blancmange curve , which is a special case of w=1/2 of the general form: the Takagi–Landsberg curve. The "Hurst exponent"(H) = -log2(w) , which is the measure of the long-term-memory of a time series .
Putting it all together, it is not pure coincidence that a reliable pattern (representation) emerges from intuition (observation) which proves to be a highly stable (reliable) pattern that is most often the hallmark of a near-term, violent transition.
USDT.DWith the announcement of the inflation rate of 1.3% per month, which was higher than the experts' expectations, Dominance Tether reached its target in the previous analysis (please see the previous replays) and is currently completing the BAT harmonic pattern in the 4-hour time frame, which is the condition 8% resistance break and the end of its movement can be up to 9% or 10% and then we can expect a drop.
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ICICI LOMBARDHello and welcome to this analysis
In weekly time frame a Bullish Harmonic Reciprocal has been activated which is seeing consolidation in the stock between 1100-1150.
A probable throwback towards 1300-1400 with minor resistance near 1200 could take place.
View would be invalid below 1050.
Please note this is a weekly time frame reversal hence very short term derivative trade is not advisable.
Nvidia (NVDA)... Light in the tunnel ?There may be hope for you NVDA hodler's.
Nvidia's Share price appears to have held the bottom of the channel after a 54% decline from its peak.
While NVDA has bounced (apparent triple bottom), we need a strong tailwind (counter-trend) to propel it through the suggested entry point. (Top of rose colored supply zone)
Targets and a stop are marked.
The projected Harmonic Pattern marked is a Cypher.
(Projected harmonics have less of a success rate that fully formed ones)
Naturally we need a positive tech market for this to work.
Educational not investment advice. Do your own due diligence.
Good Luck
S.
Vetusdt / harmonic pattern / Elliotte 1-VETUSDT is in a long-term downtrend. We have identified the major points and it includes two downward waves and one upward correction wave, and it seems that the upward correction wave is similar to what has happened in the past. We think this wave should be ABC. To confirm this speculation, a harmonic pattern has also been identified.
2-We expect vetusdt to be able to touch the channel ceiling
Watching Closely- Bearish Butterfly SE has been trading in this channel for quite some time now and closed on Friday sitting right on its 50day EMA. Bearish butterfly harmonic pattern formed, however, more often than not harmonic patterns do not play out. That being said, in my opinion, harmonic patterns should only be used as further confirmation of a trend. Will be watching this one closely in the coming weeks
GBPCAD-Short. Cad gaining strength over GBP. Butterfly on 4H.Short trade on 4 hours timeframe for GBPCAD . Mid-term bias--: GBP weaker than CAD.
Butterfly pattern formed perfectly on 4 Hours timeframe.
RSI zig zag peak point is reached and forming another bearish line.
RSX reached overbought level and crossed the LSMA.
Trade details:
Entry: 1.75397
TP: 1.7390
SL: 1.7665
Trade already initiated on 4 hours. It is a mid-term to swing trading.
GJ (GBP/JPY) Patterns and Harmonic Patterns
GJ (GBP/JPY) Patterns and Harmonic Patterns formed Head & Shoulder, WolfWave, Butterfly & AB=CD strong patterns for a downward trend.
MACD/MACZ-VWAP, RSI&EMA,Demarker indicator/oscillator is showing sign for a bearish trend, Resistance flat-top formed since AUG.29.
Momentum squeeze and stochastic is forming a crossover, if show signs it is good entry at VWAP 145.500 resistance overbought levels for it's flat-tops.
TVC:BXY
Cypher Pattern Bat Harmonic Pattern in BITCOINHi Dear
First target of bitcoin is D point of Cypher harmonic pattern and resistance of logarithmic trendlines
This is 8590 $
The second target is D point of Bat pattern
This is between 8730 $ and 8845$
After that price reaches to these goals and the presence of the trigger the price will fall
good luck
Looking for a bearlish butterfly in GBP/CAD after bottom formedLook at the chart, Now a head and shoulder bottom is just formed last night! But a bearllish butterfly is going to formed (1.618xa and 2.24-2.618bc).
It might mean that price is going to pull back toward neckline, test it and will rise again!
If the butterfly is formed, short it and targit at the neckline
If the price is down before the pattern, long it around the neckline
BitCoin 5-0 ...What I KnowPerfect reversal from 5-0 PRZ @ 61.8% (2650) with IDEAL RSI confirmation as mentioned in previous posts.
I know most understand M&W-Type harmonic patterns but the 5-0 is a different animal.
I outlined the identification rules in HTVol2 but I was a bit light on some of the management relationships that are associated with this structure.
Here is some clarification:
As with all TYPE-I harmonic reactions, we look for the 38.2% target (2450) HITTING NOW!
I am watching closely because the EXPECTED HARMONIC REACTION w/ a 5-0 is beyond Target-1 @ the 886 retracement of the CD leg (2200), and then a 1.618 continuation (1900 - where Bat completes).
Two Thoughts for this TRADE Setup:
1. Targets are clear with stop at breakeven because continuations SHOULD BE demonstrative. The entry was ideal but no complacency just because the HARMONIC REACTION worked well.
2. Manage the reversal on price and RSI to scale out if no follow through.
Position Mgt:
__________________ 2650 = 618
____________________ 2600 STOP
YOU ARE HERE 2475
____________________ TGT I 2200
____________________ TGT 2 1900
Properly measured harmonic patterns manifest these types of reactions and provide a "cushion" to manage the reversal in ideal situations but require immediate continuation.
No follow thru, MANAGE AGGRESSIVELY!
Again, this trade setup is an analysis of the harmonic price action - which has been overwhelming lately.
Stick to the harmonic #s as they work for YOUR plan.