Repeating
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.
MSFT, repeating history?This is not a position. I noticed the four prevaliant drops on the graph and decided to lightly draw comparisons. It would not surprise me if price stayed within the current green box. I would keep an eye out if the price drops below the prevalent resistance line.
Use risk management as always.
Thank you for reading.
ETH Play for the next 1-2 WeeksHistory may not repeat, but it sure does rhyme. Making Lower Highs on High Time Frames, I expect this to be the bloodiest shakeout of them all. Lets see what happens. Check out my past predictions, I only bring my most confident predictions to Trading View. I have not been wrong yet on Trading View... Key Word= Yet
BAC Ascending Wedge and Repeating PatternAscending Wedge pattern, usually proceeds in waves of three, this is a bearish reversal pattern. It can also be seen that a repeating pattern of a drop followed by a lower high can be present in three different situations, including the 2008 stock market drop, will it repeat itself again? Probably.
BTC - Interesting repeating fractalThis could be a repeating fractal similar as the previously bigger triangle. Target for the potential breakout would be between $9385-$9500.
The bounce would also be in line with the daily chart as the falling wedge upper line is acting as support for now atleast and might create a bounce to the upside.
www.tradingview.com
What do you think?
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
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?
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
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. :-)
XRPBTC HISTORY REPEATING???? I THINK SO!!!!!We are entering a huge accumulation zone with XRP BTC. If you look at this channel every time we have entered it we have shot up to the moon. At the level we are about to enter you will be gettting XRP at bargain price. So do your research and make your own decisions this is not trading advice it is my opinion. Have a great day and happy trading
In my opinion, Heading back to 20kHi, the main thing I want to show is just red spots and red lines, don't try to understand the whole chart, I'm anallysing a lot of things on this one.
So, yeah, the red circles shows almost identical corrections, the red lines shows us climbing trajectory to 20k. I think, we are repeating a bull run. Corrections are very similar (I mean the price dip), the climbing trajectory which is marked in red lines, also goes very similarly. In conclusion. I'm expecting to see 20k in a similar time frame when we reached it for the first time.
Stay positive, expect for the best
Tips are welcome to this BTC address: 1KYDPJ4XEribrakTSTnTrEX4C3syhcFxpo
Its just my opinion, don't take it too serious
This is not financial advice nor a fact that
this pattern is going to happen