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Runningflat

BITCOIN WARNING: Optimal Whale Play Will Hit You! Lets jump right into it - we dont have time to waste, because you might once again be caught by the whales. D4rkEnergY is the master when it comes to Market Psychology, and have warned you many times before, when there were risk of being Stop Hunted. Let me start to say, that Bitcoin is extremely bullish if we zoom out, and take a look at the Daily or Weekly chart. BTC is in a Bull Market, and your job is to spot where its likely we will have a pull back, so you can buy the dips. Let me also stress, that it is likely, that we will go down right away to my ORANGE Trend line - but this post serve the purpose to give you an idea about another very likely scenario, which will be the optimal Whale Play. 335 Irregular/Running Flat ABC Correction This correction is not unlikely, and we have seen it play out before - not long time ago - on the 4th wave in the extrension inside the 3rd wave extension. Take a look at the Long vs Short indicator. We have a huge disproportion between Longs vs Shorts, which give the whales a good incentive to go up straight away. In this correction we will go ABOVE the 3rd wave (123.6% of wave), which will kill tons of Shorts. Hereafter we will go down again, which then will kill all the Longs who believe that this an impulse wave. And lastly the Shorts will once again be fooled, when we make a super short retracement on C (61.8% of AB), which is normal in an irregular/running flat ABC correction. I hope it helped you. Please be aware of this likely scenario - and remember that LIKE! - D4 Loves You! <3
BITMEX:BTCUSD.P
by D4rkEnergY
28
Cad/JpyCJ produced a daily engulfing candle off pitchfork, along with the 200 and 800MA's on Daily. It looks like it may have made a running flat structure (3 wave middle)... My point is, that means there is huge potential upside if it continues upward. This pattern can correct and continue down (see GJ- pattern inverted) so keep that in mind, but if Cad is going bullish which I feel like it is, I just can't say for certain today's the day... Plus the yen index continues down (It did complete a large WXY before dropping), then CJ would go up quite a bit. It can even break the high on the weekly where it doubled topped or at least come close to it as part of a large "X" wave....
by thillygoosth
NZD/CHFThat is a zone that price will most likely react to. Those are the 200 and 800 Ma's. Touching confluent with 200ma on 4hr. We could potentially have a running flat that would then continue upward, or it will correct for further correction down, in which case I would look for 50% retrace from high. I am just posting this out because that at least may be a spot to get a buy to break even and see what happens. If it pulls up and makes a lower shoulder you may have a 7 swing to scalp down.
by thillygoosth
GBP/USDI'm not messing with this just yet. But I would just like to point out that considering the dollar index is in that channel which can break and can make another shoulder up (possibly small), you may get some trade opportunities on Gbp/Usd. The price action it is making makes me think it may make a running flat, or even possibly a correction for a WXY type pattern. Simplified: The blue is 800MA. The red is 200MA. This is the 4hr chart. You may get a bounce or flat/zig zag between them, or at least an opportunity to get a stop in profit on a sell, or await a pattern for a running flat to buy. It's at the 1.236 extension, but I prefer to catch GU off a big spike out when it is chopping like that so be careful. The 1.618 level lines up with the 800MA, so if it were to shoot up to that level it should at least react I would think. It may make a little sell from right at this fib area but I ain't messing with it. This is more you guys that will be awake during London and you can see where it is at.
by thillygoosth
2
Running Flat within a Bullish Triangle for NEO/BTC ?Possible extremely rare pattern, do not trade this pattern there are better opportunities out there. The running flat is a 3-3-5 pattern in which wave B ends far beyond the start of a bear market. The following five waves fail to reach the ending of corrective A wave. - Here we see a triangle I've been trading successfully; I gambled on it being symmetrical to the triangle on the left, so far it is. If ATH levels are a result of B waves instead of a bull market, and price insists on staying within this triangle; then we must have a running flat on our hands. - Both volume and RSI confirm that we have been in a long stretched bear market all along. And so does the extent to which price has retraced from the B move, which is well beyond 0,79 retracement already. - Other alt/BTC pairs such as ETH/BTC also show to have been merely in relief all along. Ideally, we would see the price bounce here with low- and at 5 with high volume. If we bounce here (3) with sizable volume, however, the bottom might as well be in as this count is EW abuse indeed.
by RichiRichi
4