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Repeating

GOLD Update, Sell signal. GOLD is starting to repeat a pattern from November. We had a drop from 1965 to 1850 then over then next week the market could only rally to the 382 then drop from there to complete the larger ABCD pattern. Are we seeing history repeat here? This latest move started from 1960 to the 1817 level. We are now seeing the same retracement Gartley pattern to the 382. The first pattern had a $50 rally to the 382 and if this repeats $50 would put us just short of the 382 with the smaller ABCD completing at 1876. If you look at the bigger picture the final ABCD target is at 1650 and the 382 of the whole move up is at 1683. These would be great Buying opportunities but just see how it moves to start. If it blows straight through the levels past 1920 then we will have a low in place. This is why I'm only using a small stop as any higher I will look for another entry.
OANDA:XAUUSDShort
by L_F
Bitcoin heading to 22kBitcoin is completing what seems like its favourite pattern recently. - Start a wedge and bounce a couple times - Break out of the wedge and form a double top/bottom with the price at the start of the wedge. - Flip and blow through the wedge to hit the other side of the wedge formation. If it completes it's third one right in a row (with more historical examples available) then we should see 22k fairly soon as these moves are usually fairly aggressive. You can either short now, or long later.
BITSTAMP:BTCUSDShort
by GriffTrading
Ethereum Fractal 2016, 2017, 2019I'm going to be watching this over the coming weeks and months... a very similar fractal on Ethereum vs Bitcoin. The top chart shows price action of 2017 through now. The bottom chart shows price action of 2016 into 2017. I don't have to do the play by play commentary on how many highs and lows match. They are obvious. However, a few notes... *You can consider the green vertical line as the low on the chart, and the subsequent orange line as the blast off point. *As with fib time or fib circles, just a slight tweaking moves the sync of these much. *As I have it presented here, and if the fractal repeats....let me stress this again... IF...IF the fractal repeats, it is reasonable to consider the bottom being in for ETH/XBT ... or ... there being one more low as the bottom. *See the circled area.. and note how price reacts to the 50MA here. This will be a good comparison to note between last time (circles in bottom chart) and this one. I can see a case being made for either circles. *In both cases, the bottom is either in, or will be in, in the next few months. and if the fractal repeats, the real crazy exponential gains are still up to a year away. *If it repeats, that 50 MA needs to turn up first, and there needs to be a nice consolidation on it to build up a base for the next launch. Hope this gives a different look for you, see you on the other side. God Bless JMJ -UIOGD
Long
by Procinctu
BTC price HISTORY repeats AGAIN?Just take a look at the graph and you can see it's similarities. This time it is shorter timeframe and bigger scale. From the July 2017 bottom of $1900 to November 2017 about $6500 marked with an arrow and now the bottom has doubled in March 2019 from $3800 and the current price is almost $12000 which could be almost double as from the November 2017. And according to the previous ath of 19600 which was almost three times as November 2017 price we can only assume that if the price of $12000 goes three times higher we can only expect more than $30000 in next ath and it could be within this or next month :) What do you think can history repeat for btc?
BITSTAMP:BTCUSD
by moja.svastara
1
Bitcoin Potentially About to Form a Huge Bull Pennant!After the first big parabolic move bitcoin hit an initial resistance at around 7550 and formed the sharped drop shown in the first red box. This was then followed by a move to the upside where resistance was quickly met at around 8250. A pennant then formed and the result was the second big parabolic move that we have recently experienced. In my opinion, it is possible that the sharp drop we witnessed shown in the second red box is the first move of a second larger pennant. If bitcoin can rally up passed the 13800 resistance area a second resistance may be met around 14350. If this occurs and another dramatic move to the downside follows, I think it is highly likely that a second much larger pennant is forming. This will likely give bitcoin the momentum to rally straight up to 20000 once the pennant is complete. However, if bitcoin is unable to surpass the resistance at 13800, the prospect of a second pennant forming will become weak and serious downside movement may follow. In addition, if the 13800 level is surpassed, the intensity of the bullish momentum may cut straight through the second resistance area proposed. If so, a move to 20000 may occur without a second pennant even forming. Therefore, the formation of a large bull pennant is dependent on two main criteria: 1. Bitcoin surpasses the 13800 area of resistance 2. Bitcoin meets more resistance at the 14350 area You will notice that based on the two criteria shown above, only the first is necessary to signal a bullish move. The second will merely slow the rate at which 20000 is reached due to the likely formation of a pennant. Smoking Horsey
COINBASE:BTCUSDLong
by SmokingHorsey
1
The Sell-Off-GAME! Do we repeat the past? #WEEKEND-OVERVIEW!Hey tradomaniacs, quick an overview of S&P500 for you. This year, we consistenly "crashed" to buy @ 200MA and 61,8% Fibonacci-Retracement. Does the market want to buy-in before the saisonality beginns? #Christmas #Black Friday Or is it truely a reaction of the overheated market scared to see more rate hikes since almost 70% of investors are "ALL-IN" in shares? We will see! :-) Hope this inspires you. Happy rest of the weekend and good trades tomorrow Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
SP:SPX
by Trading2ez