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Mpattern

NZDUSD Three hits to the high, possible top is in. As we can see, nzd was just driven to the last high by the opening of the NY session, there I think we see only the third hit to the high to end the cycle and initiate the mid-week revesal. Very good risk reward ratio for swing traders (until the end of the week), but also for the rest of the day until market close. 100 pips are possible. Please do not be irritated by the fresh buy signal, I NEVER trade this when we have already had a double top before, no matter which asset. Trade safe! Peace!
Short
by Hawkeye-Charting
BTC: Double top / M pattern + Longterm curve lineHello, When looking at the BTC charts I can see this as a longterm outcome.. This means my ultimate bottom lies around 19k-20k. I hope we will not reach that, I would much more appreciate it if the maximum bottom would be around 25-30k for a quick reversal, however looking at how the curve is going all these years.. how we are now under it and how other lines + the M pattern lines up.. I will trade accordingly and Dollar Cost Average (DCA) all the way to this level. My strategy is the "percentage wallet" strategy, meaning my amount of stablecoins (which I split up in gold, dollar and euro) vs my amount of crypto (which I split up in btc, eth and altcoins) differs every week. At the moment my cryptowallet is around 36%, it was 27% at 43k when we dropped and it has been 44% at the 35k bottom. I sold alot past week though, bringing it to 36%. I am preparing multiple buys until 20k, around 10% around the 28-31k level (as many other traders), I skip the 25k-27k zone and I start another 10-15% buy at the 20-23k region. This would be a big buy because I expect a good bounce from this level. If we bounce from there, I will probably resell some of the bought crypto at 20k. Probably around 30-35k. This way I can keep compensating earlier buys and I can aim for an ultimate bottom. In the end, as you can see in the chart, my goal for BTC is still ATH in the coming 1 or 2 years. I don't think markets are ready to slide into crisis yet.. That would be "too simple". However IF we really go into another bullish cycle, I am prepared to sell 70% of my total cryptowallet.. probably bringing my stablecoin wallet to 80 or 90 %. I think that the next bullish cycle could be the last for now, before we reach some bearmarket. By the way, google M pattern... If we are looking at a "bearish 5-0 pattern" then we are in for a good bottom around 10-20k.
by Bitcoinleverage
The BIG M on TOPIt is a very Unique Pattern Formation on BTC this year... But I always like to think against the consensus. Take a look at volume for a while, can you see any sign of power in this last Dump ? Looks like there are just a few traders Selling, maybe the ones that bought in last Pump. So I am all my eyes in This Support now. As I understand this speculation game: Buyers are now Thinking: - Why should I Buy Here at this point if Sellers can sell me cheaper ? But Sellers are starting to think: - I am selling but no too much.. If BTC shows any sign of power for Pump, the game changes for: Buyers: - Alright, this point is maybe a good point for entry.. Sellers: - Oh well, Some buyers there, I am going to stop selling my pennies.. I still want to buy deeper, but this may change, just like everybody in There...
INDEX:BTCUSD
by OUTSIDERTRADER
ETHEREUM (ETH) DOUBLE TOP (SCENARIO 2/2)THIS IS SCENARIO 2/2 If ethereum completes a double-top/M pattern, it will probably fall below the 2k range. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- If you enjoyed this post and agree with me, a like and a sub would be very nice : ) If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️ Stay updated for more content Have a nice Day : ) Bye! -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Short
by xtekky
BTC and people think we are crazyWe trade only price action and smart money and for us since Nov we are pushing this idea to our channels. Thought to share it with the community. 1. These two orderblocks are in play right now. The green one which is tested in July-Aug this will give the trend a signal to continue downward to grab liquidity from the untested block/blocks below which is at 22,000-24,000 The 22,000 and 24,000 is where also weekly moving average 200 is right now. The wma200 will work as a strong support and give it the bounce a quick one The market will resume its up cycle in March. 2. Now play #2 which is chart pattern analysis. This M pattern is in play since March 2021 but people and so called youtube influencer and analyst are so stubborn to tell it In March it made the neckline Nov it extend its 2nd top to trap the bulls Now its travelling towards its base which can be around 12,500-22,500 I know its a big block but in smart money we always plot to 1 block which we sees and second one is extreme
Short
by BlackBirdTrading
8
RIDE - BIG W after BIG MLONG TERM BULL, SHORT TERM BEAR I am currently long shares, writing options so technically short under my strike at times, and trading additional shares to increase the overall share count. I like opportunities and I understand the risks involved, which you may not so do not follow me or anybody without understanding all risks involved. This is an idea based on fundamentals and includes such laughable chart-work because the chart is simply meant to show as a timeline and basic shape/placer holder, do not spend money because of this chart or any chart, invest and trade at your own risk. The reason I am somewhat looking for this chart to roll into the W after investor week is not only due to the fundamentals mentioned on the chart but. As shown in the more technical idea here , the market appears to have rejected the inverted head and shoulders and that has currently set us up to follow an ascending triangle. Spoiler alert for those that don't know: Those don't end well, statistically speaking. While I ultimately think Lordstown Motors WILL be a great force in the automotive industry (whether that ultimately is a very large dumpster fire or an empire), we don't really know yet and it's just not healthy to disregard the opportunities to trade along the way.
RLong
by rolledchange