Each Leg of descending triangle comes with 61.8% Fibonacci Extension
A couple of week ago I made an analysis on Bitcoin and the fact that we can potentially follow an Elliot Waves pattern. For now, my idea seems to hold. With BTC breaking out this week, we're now in a huge resistance zone that goes back all the way to 2021 and 2022. Furthermore, the weekly RSI is approaching overbought territory quickly. We can easily move up...
Hello everyone! I've observed an interesting development on the 1-hour timeframe - a local trendline has converged with an important Fibonacci level of 0.618. If this trendline is breached, we could potentially see a strong impulse towards the next level. As always, remember to trade safely and responsibly
Hello Traders! Welcome back to another trade with analyst Aadil1000x. This is a nice day as we are in a position where a big move will happen soon. We are at the peak of that move. We are now at the reaction point and if there is a Doji candle or Reserval 'M" shape pattern above the reaction zone, then enter the short. It will testthe broken trendline. There...
BTC has been trading in a very boring fashion on the larger time frames. However, on the shorter time frames (like 15m) one can often find some decent setups. I've been following this bull-flag pattern today, which has seemingly broken out as of now. This could be the start of the bullish continuation from last night. Targets in blue.
OG has been on everyone's mind lately. It gained nearly 450% in under two days, so volatility is certainly here. I'm looking for a break out of the falling wedge drawn on the chart. Ideally we visit the yellow area once again, see some kind of oversold RSI (15m, 1H) and break out of the pattern. Targets in blue.
Tajgvk give a great breakout with W-PATTERN which make them more strong. Buy it at 201 Target 209 216 226 243 Sl 195
We see a daily breakout pattern within a weekly breakout pattern for Polkadot dear Crypto Nation🔵🟢🔴👀 That can lead to a huge bullish breakout with a new high on daily chart followed by a new high on weekly chart🟡🚨 Have a great day dear Crypto Nation😎 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not...
Hello,Traders! USD-CHF is trading in a Downtrend and the pair broke Out of the bearish triangle Thus reinforcing our bearish bias And I think that after some Consolidation we will see A further move down Towards the 0.897 level Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Always looking for a pattern, mainly to define risk and to anticipate a Take Profit Target. If you got stuck in a short due to a breakout and then we see a deep retrace. We could be looking for the classic AB=CD pattern. I always trade a RRR of 1:2 , so this AB=CD would not meet my TP target.
So similarly, AUDJPY has the similar sell price action like CADJPY. Its important to understand currency correlation, and why we need to choose the best 1 or 2 pairs of the same currency to enter. IF JPY is going to get stronger, then likely all the JPY will move. But if we are wrong on our analysis, all the JPY could reverse. So its in our best interest to...
Hello traders: CADJPY is looking very nice for some short term bearish continuation sell. We can see on the mid time frame, price has created a double tops, with a bearish reversal ascending channel correction. Indeed price has impulse down from the correction, and now on the lower time frame, is consolidating. This is a good sign we can see more downside...
Hello everyone: Most of the time I only focus on technical side of things, but this time I will go over both the fundamental and technical of Silver for the long term. Silver was only trading around 8-9$ around the 2008 market crashed, and peaked at 50$ in 2011. IT had slowly but surely dropped down to the lows again around 13$ in end of 2015. Understand...
market make past activity again tp 1 and tp 2 is top tow level
The Gold now forming a triangle pattern. Which is abcde wave as sub wave from wave 4. Stop loss on last low level. Target on Fibo 0.618 trend based.
Hello everyone: Similar like GBPUSD, we can see GBPCAD here is looking like there is one more short term move to the downside. After the initial move up to the previous highs, price failed to continue higher, and formed a double tops, rising wedge reversal. At the of the week, some bearish price action has begun on the lower time frame. Be interesting to see...
Hello traders: GBPUSD is currently at the top of its higher time frame correction. What's interesting is price is showing signs of bearish price action at the top, with bearish reversal development. This week be on the look out for, bearish impulse phase on the lower time frame to kick off the reversal momentum, a and wait for continuation correction to confirm...
Hello, sorry I wont be making the live stream this week, but I will quickly go over what I see for the week ahead. At the end I also address some of the questions, inquiries I receive during these few weeks. Thank you