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Repeating

AEVO: Bullish Flag Breakout and PumpAEVO has been trading on Binance for a short time after its listing, but it has already managed to form fractals (repeating patterns). On the 4-hour timeframe, it is forming a bullish flag pattern, followed by a stop-loss hunt of longs below the lower border of the pattern, which is followed by a sharp pump. The bullish flag: The bullish flag is a bullish continuation pattern that is characterized by a period of consolidation following a strong uptrend. The consolidation period typically takes the form of a pennant or flag, after which the price breaks out and continues its upward trend. The stop-loss hunt: The price broke down below the lower trendline of the bull flag on March 14, 2023. This breakdown was likely a stop-loss hunt, as the price quickly reversed and rallied back above the trendline. The sharp pump: The bullish reaction to the stop-loss hunt confirms the bullish trend and suggests that the price is likely to continue to rise in the near future. The breakout: The price is now approaching the upper trendline of the bull flag. A breakout above this trendline would confirm the bullish continuation pattern and suggest that the price is likely to reach $0.15. Conclusion: The AEVO chart shows a bullish pattern. The price has formed a bull flag pattern after a strong uptrend. A breakout above the upper trendline of the bull flag would confirm the bullish continuation pattern and suggest that the price is likely to reach $0.15. Investors should always do their own research before investing in any cryptocurrency.
Long
by Yaroslav_Krasko
1
📐Solana's Giant Accumulation - BullishThe Triumph of the Triangle: Triangles are classic chart patterns often characterized by converging trendlines. Solana is currently shaping an immense triangle formation on its chart. A Bullish Perspective: Triangles are typically continuation patterns, meaning they suggest the resumption of an existing trend, which, in this case, is bullish. The pattern demonstrates a balance between buyers and sellers, with neither side dominating. Anticipating the Breakout: While triangles show price consolidation, they are also known for explosive breakouts. Traders are closely watching Solana for a breakout, which could lead to a substantial price move. The Fakeout Game Plan: Some traders anticipate a potential fakeout, where the price briefly moves beyond the triangle's boundary before reversing. This deceptive move can trap unsuspecting traders before the actual breakout occurs. Trading Strategy: Navigating Solana's Triangle Traders should exercise patience and caution when awaiting the breakout. Consider implementing risk management strategies to protect against unexpected price swings. Conclusion: Solana's Chart Saga Solana's chart pattern is akin to a suspenseful story, with traders eagerly awaiting its climax. While triangles can be bullish indicators, it's essential to remember that trading involves risk. As Solana carves out its path within this massive triangle, we watch with anticipation. Whether it's a fakeout or a direct breakout, this crypto's journey is far from over. Stay informed, adapt to market dynamics, and may your trades be ever in your favor! The crypto world is filled with patterns and puzzles, and Solana's triangle is just one of the many tales unfolding. 📊🚀🌐 ❗See related ideas below❗ Don't forget to like, share, and leave your thoughts in the comments! 💚🚀💚
Long
by Yaroslav_Krasko
A repeating pattern might offer a short entry on EURIn March, the price rallied vertically. I market the top point with a yellow circle. After that, it dropped and created small consolidation market by white rectangle . From there, it continued lower. In May, this zone was re-tested in a similar fashion - creating a top, a consolidation shortly below it and further drop down the line. Right now, we are re-testing that consolidation and it might offer a short-entry opportunity. A major difference is, that back in May, we broke through several swing highs at the same time. This time, we've broken only one as there wasn't sufficient time to create more significant highs. However, we are breaking 50 MA & EMA this time. I placed short stop-market order below the latest green candle in 8h chart. Please mind that EUR is fundamentally bearish pair. ECB is the most hesitant to raise rates and EU is paying a lot of money for oil which powers all other industries.
by OrcChieftain
5
BTC Bearish SetupAs the 4hr EMA ribbon flips bearish, Bitcoin is facing consolidation similar to the last time it flipped. If this bearish scenario repeats, we could see a 14% dump to the $33,000 level . Despite this bearish pattern, some signs of hope can be seen for the bulls. Right before the last pump, the price fell below the recent point of control on the VPVR, and experienced similar consolidation. The 14 RSI crossing the 20 MA on the 4hr is a good sign, but there needs to be more volume
BITSTAMP:BTCUSD
by highleverage47
Bitcoin going bullish (April drop repeated)Tell me if im wrong but the market is repeating the april 2021 drop, The april 2021 drop of 25000 lasted 96days in total before bouncing up and making all time highs in November 2021 now since November as you could expect the price has been dropping by a substantial amount (16000+ to be more specific). Comparing the time taken and the amount dropped in both drops i have noticed a bit of a similarity (Bare with me i will get to the point). okay so 25000 drop from april and coming up to 17000 drop from november, 17000 is around 68% of 25000 using this i can do (68% of 96days = 66days) and now i have an estimate on how long this current drop will last. Thats cool to know but yes it is an estimate the real interesting thing is a 66 day estimated drop by the expected 17000 will place you perfectly in line with the current ascending triangle pattern (not break just perfectly on top), is this just a huge coincidence or is the market repeating itself from april 2021 and are we looking at a new all time high very soon.
Long
by kobycannon17
2
Thesis for ETH $13,000This is how I believe the estimates for an ETH $13,000 were conceived... Similar to $BTCs 'repeating fractal Wyckoff pattern', there is a thesis that ETH is also following a repeating fractal pattern of its own. The tops of the pattern form the base for the extension into the next larger fractal. ( I've highlighted these fractal pattern tops in blue rectangles ) Drawing the Fib R. down from the first top in the pattern, to the patterns main base area, the first top for the next fractal is marked at the 4.618 level. ( I've highlighted the FR range with a yellow line ) Repeating this process for the most recent fractal, we conclude the first top for the Next fractal (marked by the FR 4.618 level) should be ~$13,000. This is a nice thesis, it's clean and easy to understand. My only concern is this based solely on Technical Analysis, however I do believe the fundamentals for ETH are strong. Let's see how this plays out.
KRAKEN:ETHUSDLong
by chimera_brendo
AMC End of October: Is $36 the bottom or back to $32?3 weeks have pass since October. I was wrong about the bullish hammer. I expect to go up today but it went down. One pattern I hesitate and over look was the head and shoulder pattern. The price action today confirms the head and shoulder patterns. Interestingly back in September the same thing has occur. And now what to expect October. Will the algorithm repeats? If so, I expect AMC to dip even further to $32 based on the fib retrace of $28.92 and $44.44. If not I expect $36 is the bottom and we are not looking back. The falling wedge will be determine by next week price action.
NYSE:AMC
by gojira91
5
BTCUSDT - Are we seeing a fractal repeat of March?I was looking at the BTCUSD chart earlier and I noticed a similarity between the last 2 big moves. You can see each part on the chart. I took the bars pattern tool and applied it to the first bottom and the last bottom. I then scaled it to match the size of the most recent move and overlayed it and... it fits pretty well. And look where it ends? Right on the trendline. To make it even stranger, 122 bars is almost a 0.618 retracement of 198. 122/198 = 0.616 298*0.618 = 122.364 And of course, the first run up retraced by 0.605. Spooky... I'm not sure if this will play out but it will be cool if it does. Let me know what you think! Happy trading:) P.s. I'd love to learn more about this stuff but if I google fractals I only get Williams fractals. Please point me in the right direction if you have any resources, thx n.b. I reposted this after changing some things slightly expecting to be able to delete the old idea... but I can't delete old posts. Wtf TV
Short
by pasojov
2
BTC/EUR (BTC/USD) Magnified repeating pattern?Hello everyone, this is no investing advice as I am no trader by any means. It appears to me that a combination of apparent bearish and bulish head and shoulders patterns is forming on BTC/EUR (and BTC/USD) . If finalized this will look like a magnified version of the already formed pattern and will result in a modification of the trend line inclination. Unfortunatelly I cannot tell if this will end up being bullish or bearish, I am just trhowing an ideea here. Cheers, TR
by taur_raging