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Repeatingpattern

HBAR / BTC - Repeating Pattern Chart End of August UpdateHBAR is likely repeating the same pattern it did before we made the move above ~460 and tapped 800s. - Back in May we experienced a diamond reversal after two daily candles closed at our last highest highs @ 776 and 791, both wicking into 800s. That reversal brought us back to our support area (green box) around the red target line. - Next, after failing to get back above our resistance area (red box), we formed a head and shoulders that should've taken us down to test the top of the green triangle around 368, similar to what our previous repeating pattern did when it wicked down there before heading up to where we are now. So far that head and shoulders has failed. A failed head and shoulders should've taken us back up to 716-728, our March high, but that hasn't occurred yet either. - Now, it appears we may be forming an inverted HS, which if successful should take us back above resistance and just over 645. This would add confluence to reaching our failed HS target @ 716-728, but could also fail and just as well support the idea of getting back below 400 before heading back up again. Regardless of what happens in the immediate future, I still expect one of three things to occur after either moving up now or moving down first: Option 1 - after getting back above resistance (red box & 645) we move above March high (716-728) and May high (776-791) and reach ATH @ 864 or just above it, then re-test either one of those previous highs before heading up to make multiple new ATHs. Option 2 - we begin to do what looks like Option 1 but stop hard at March high (716-728), and start to make what looks like a giant head and shoulders. That head and shoulders fails and we return to Option 1 Option 3 - Option 2's head and shoulder succeeds and we make a triple bottom on the all-time chart (91-115) dragging this out much longer before seeing our new ATH above 864. Targets after eventually breaking ATH @ 864: -- I'm liking a major stop somewhere roughly between ~1330-1470 -- An eventual revisit of ~3570 where we opened on first trading day -- If we get above 3570, price discovery and it's anyone's guess Previous related ideas linked below under Links to Related Ideas
Long
by dudebruhwhoa
3
Gold forming similar topping pattern Many have observed that gold (using GLD here as a reliable proxy) might be forming a huge cup-and-handle pattern (1,2). That may prove to be the case. However, at the moment, the similarity of the unfolding trend to the 2011-13 topping pattern seems noteworthy in itself. Perhaps we’re seeing the start of the cup-and-handle leading to an upward bull run, or perhaps it will be a rerun of the 2011-13 pattern with gold going into a sustained decline. Imo, persuasive arguments can be made for either outcome, so I’ll just wait and see and in the meantime point out this arguably curious unfolding similarity. (1) (2) www.investopedia.com
AMEX:GLDLong
by iGoddard
1
Fractals Across Crypto Reveal CRV's Future To understand CRV's future price action, we have to understand alts across crypto are fractals of each other that play out at different times. Here is a Fractal that occurred with OMGUSD that played out perfectly which I posted before, Many other coins in crypto played out very similarly to OMGUSD, apply my fib concepts and see for yourself. With that in mind, I am simply applying this concept to CRV and see that price action from Pump #1(Nov 2020 Pump) is eerily similar to Pump #2( Dec 2020-Feb 2021). We see that pump #2 lasted a little over 2 months. Using Fib Time zones we see that the green line pointing to the upcoming Pump #3 (Top of Pump #2) is also predicted to have a similar duration as Pump #2. Using Pump #1's and #2's Fib Levels, we can see that Pump #3 would take us to $20. What do you think? Post your best fractal plays, I would love to see what you guys come up with and the patterns you see using my concepts.
Long
by Danimal69
Elon Dump May 2021This drop looks eerly familiar with April dump. Bars pattern from April overlaps quite well on the current trajectory. If this level doesn't hold we could expect a second drop before creating a new local bottom and possibly moving on upwards. Fundamentally I highly doubt Elon Musk and his financial team didn't do his homework regarding his bitcoin investment including environmental impact. Remember Elon Musk doesn't do anything by chance and with his tweet he practically "lost" 400 million dollars from his BTC investments therefore any positive result for him and his companies has to be greater than that. It's really unexplainable for a genius like elon to change his mind so quickly from the 21st of April on Twitter when he agreed with Jack Dorsey regarding Bitcoin incentivizing renewable energy. I draw three separate but not mutually exclusive conclusions: 1. He bought the dip possibly with Space X (private company) (massive bitcoin outflows from exchanges today.) or 2. He want's to 1up his chances to entry into Bidens renewable fuel credit. or 3. He is politically coerced to discredit bitcoin to get access to the said renewable fuel credit.
BYBIT:BTCUSD.P
by maxmts
GRT/USD Chart Update - Bullish Trend PredictionLooking at the 2H chart, we can see the potential for an end to the retracement phase after finding support around the $1.89 price range. The dotted lines indicate an updated prediction for the next bull run. Breaking resistance at $2.33 range and $2.90 range will be critical to continue the bullish trend longer term. If the trend continues, looking at $3.90 - $4.00 for next price target. I have no idea what I’m doing, follow my advice at your own peril.
COINBASE:GRTUSDLong
by Sp1d3r3
4
CRYPTOCURRENCY - TOTAL MARKETCAP - WILL HISTORY REPEAT ITSELF ??I`ve been in this market for 5 years now, and ive seen this bullrun before ! So therefore we should ask ourselves - when will the trend reverse ? 1. The 31st of Aug 2017 the marketcap was approx 160 B, and at the start of Jan. 2018 it peaked at approx 760 B before the reverse kicked in. This gives an 475% increase from August 2017 - Jan. 2018. 2. If we use the same pattern and go from 31st of Aug. 2020 the cap was at 400 B, and now at the start of Feb. 2021 we just hit 1400 B. If we use the 475% bullincrease we should reach approx 1900 B before we see a bearish trend . That will let BTC go too aprox 60 000 and to ETH 2500. 3. There will always be differences between 2017 and 2021 - adoption by big coorporations and more Institutional money, new traders ( RH ), Reddit / Elon Musk and The Doge Hype. But at the end of the day people generally wants to take profit, and when enough people do - and we eventually go into a profitsqueeze the tide will turn yet again ! What do the people of tradingview think of this poor but real analysis ? - Comments are very much welcome ! - Sometimes we got to zoom out on the charts to see the bigger picture -
CRYPTOCAP:TOTAL
by Van_Geld
3
Doubling Down on BABACurrently holding calls for Jan15 hedged with 220Jan15 puts incase it decides to go for that double bottom at 211. Now I see either one of two cases happening here, if we compare to its historical trends; Case 1 : Similarly to 2017-2018, we see a short rally (2-3 weeks) followed by another double bottom retest at the 211 level. Ideal for medium term option holders to get a way out with profits and reinvest in the coming double bottom. Case 2: Similarly to the most recent correction, we see a huge volatile week after that candle that closed above 0.618 level where short term option holders have a chance to profit as well as lock in some shares if it did retest the 211 level during that week. I do not see it breaking 211 whatsoever simply based on the history of the stock. Always stay open to all possibilities and outcomes nevertheless. Please share your thoughts :) NYSE:BABA
NYSE:BABALong
by BAS55
6
BTCUSD, Repeat Pattern of Exactly 3 Months Ago?While looking back on the Daily, you can see that almost Exactly 3 Months ago this weekend, BTC was in the same exact position within it's approximately 2.5 month long uptrend channel (as we have now too) while the 50MA is in process of beginning to crossover above the 200MA. Plus, if you compare that February top of $10,522 with the recent high at $10079, BTC is at very similar price level relationship comparisons as it shows that the prices just before the down moves were approx. $500 lower than the previous top before the drops & massive, fast downtrend. We also see very similar patterns developing on the RSI and Stochastic Indicators. Comments, and your point of views are welcome. Please like and follow, Thanks HP
COINBASE:BTCUSDShort
by MinerChad
1