Get started

Quasimodo

Bitcoin Quasimodo & fibo time/price setup. 1/July/22.Bitcoin. Will it break below 17592.78?! To be “honest”.. I”m “not sure”. (Pls dun argue with me, argue with yourself ..and Mr. Market . Thank You!) AND I will “not sure” for any of my trading setup “found” in future. BUT What I’m “sure” are 1) where is my trade setup “invalidation” level of my #StopLost ( where most indicators based/ mechanical system traders are “not sure” or never / dunno where is the stop lost level) ..2) where is my #TargetProfit.. with min risk/reward ratio of 1 : 2 ( e.g risk from $1 to make $2) = this is hardly achievable In scalping/intraday trading unless you are beginner and “train yourself for shooting more bullet” OR u like giving more “commissions “ to your broker, signal provider etc....
BITSTAMP:BTCUSDLong
by SteveTan
2
Gold’s Quasimodo & fibo time/price setup. 1/July/22Gold. Will it break below 1786.50?! To be “honest”.. I”m “not sure”. (Pls dun argue with me, argue with yourself ..and Mr. Market . Thank You!) AND I will “not sure” for any of my trading setup “found” in future. BUT What I’m “sure” are 1) where is my trade setup “invalidation” level of my #StopLost ( where most indicators based/ mechanical system traders are “not sure” or never / dunno where is the stop lost level) ..2) where is my #TargetProfit.. with min risk/reward ratio of 1 : 2 ( e.g risk from $1 to make $2) = this is hardly achievable In scalping/intraday trading unless you are beginner and “train yourself for shooting more bullet” OR u like giving more “commissions “ to your broker, signal provider etc....
FX:XAUUSDLong
by SteveTan
3
BTC made Lower High and ZIL is making QuasimodoI compare ZIL with BTC. Zil jumped so high when BTC was moving positively. It seems now ZIL smart money will distribute. The distribution phase will happen. If you see the volume, you will realize the decreasing of the volume. If you see, the BTC failed to make Higher high. However, after the price bumped the demand zone, the price rise again. It happened to the ZIL too, the price goes to the nearer demand zone and will rise again. So when ZIL joined the rising of BTC, both BTC and ZIL will soon bump the suplpy zone; the top. I project the price of ZIL will make quasimodo pattern. So I wait in the left shoulder.
Short
by albusthami
1
Consolidation between Supply and DemandAt the point A, the imbalance happened from the base (equilibrium). The price shot high quickly to the point B. After that the price retrace to the point C. The price rose again and broke the swing high of the B. and make the higher high. After that the price got down and broke the low of C. The price dropped slower than the rally of A. So the projection of the drop is to the point of D where the demand zone lies. After that, the price will rise (at least) to the level of B creating pattern Quasimodo. For your information, Quasiomodo is like head and shoulders but with an additional requirement of left shoulder. The left shoulder should get down and break the low of the right shoulder.
by albusthami
Qm SELL : AliceusdtpIn this trading plan, I have applied the QM Pattern because, as observed from the period through Aliceusdtp, the chart was moving in a bullish trend and during the passage there was a lot of selling pressure, causing LL. Thus, it enters the Quasimodo Pattern on the Sell side. By placing the entry point at Entry 1: 68.1 Fibonacci and the position of Profit 1: is the original low and Take Profit 2 is the new lower low. Good luck everyone in trading. And this is not investment advice. It's just a market analysis.
Short
by nitirujz