Potential Head and Shoulders & Early Trading OpportunitiesUSDJPY is showing promise with a potential Head and Shoulders pattern on the Weekly Chart. Here's the game plan:
1. Awaiting Bearish Shark Pattern Confirmation on Daily Chart:
- Patient approach for a comprehensive setup.
2. Early Trading Opportunities on 15-Minutes Chart:
- Spotted Bearish Bat and Bearish Gartley Patterns.
- Potential for quicker engagements on shorter timeframes.
Stay vigilant and let's discuss your insights on this evolving USDJPY scenario!
Shark
Combo Trade: Patience for ConfirmationGBPUSD is setting up for a potential combo trade. Keep an eye on:
Bearish Shark Pattern:
Timeframes: 15 mins and 1-hourly
Completion: 1.2708
What makes this interesting is that both Shark Patterns have different starting points.
Exercise patience and wait for candlestick confirmation. Share your insights and trade plans on GBPUSD!
Waiting for ConfirmationIf you're seeking shorting opportunities on EURUSD, I've got two potential setups for you.
Remember, always wait for candlestick pattern confirmation before making your move.
Bearish Shark Pattern: Look out for completion at 1.0917.
Bearish Bat Pattern: This setup is more intriguing to me, as the Potential Reversal Zone (PRZ) aligns with the bearish trendline.
Be patient and let the market confirm the patterns. Share your thoughts and trade plans on EURUSD below!
Bitcoin Bullish SharkAfter BTC hit the first target of our trade set up it collapsed more than 15% from it's high to low. It's not looking bullish on the daily timeframe and after hitting the 48k level we could very easily get a deeper retrace to sub 40k.
Having said that, there is some hope. We have completed a bullish shark and reacted strongly off of it. We have stayed above 42k, which we have been continuously mentioning as the most important level on the BTC chart to stay above. Finally, we are also showing potential bullish divergence on both oscillators.
What do we do with this info? We wait for a perfect opportunity.
This opportunity would come with a type two return of this harmonic. The type two would complete if we rise to around 44k before reversing to the 42k support again. We would then look for a higher low (or the same low), and potentially long there if other factors align.
Keep this pattern in your minds and we will update on here if we take the trade.
Good Luck!
XRP - Best time to buy is right now, here is whyXRP is currently sitting on the main support of the ascending parallel channel. This is definitely a great opportunity to buy cheap XRP. We have a leading diagonal wedge as wave (1) followed by a sharp correction wave (2). Wave (3) should be in progress. You can be sure that XRP is a big deal for huge institutions such as banks. They are already investing a lot of money into implementation of this cryptocurrency. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Unlike Bitcoin or Ethereum, the XRPL uses a unique Federated Consensus mechanism as its method of validating transactions. Transactions are confirmed on the XRPL through a consensus protocol, in which designated independent servers called validators come to an agreement on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public and transparent, and anyone can operate a validator. There are currently over 150 validators on the ledger, operated by universities, exchanges, businesses, and individuals around the world.
Through the Federated Consensus mechanism, all verified transactions can be processed without a single point of failure as no single participant makes a decision independently. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Multi-Pattern Analysis - A Comprehensive ViewMonths ago, I shared insights into the impending Bearish Fib-3 Bat Pattern on the weekly chart, offering substantial profit potential (over 10,000 USD/lot). Check the detailed analysis within the TradingView post.
Presently, my attention is drawn to a potential Head and Shoulders formation, indicating a shorting opportunity of more than 1,000 pips on the weekly chart.
However, for those seeking a buying opportunity, observe the Bullish Shark Pattern completing at 143.71.
My stance: Bearish in the short-term, Bullish for the long-term.
Share your thoughts and trade plans below!
ENS - downtrend ended, important coin for EthereumENS is one of the most important altcoins for Ethereum. We can see that the uptrend is starting, and 2024 is going to be huge for this coin. We can see that at the bottom of the downtrend, we have a pretty long accumulation of whales. The price should not go into this range ever again. We have only 2 resistances on the way up: 0.5 FIB + major swing high and the previous all-time high. I think we are going to go much higher in 2024, but I will make updates later. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion -- associating metadata and machine-readable addresses with human-readable Ethereum addresses -- is also possible.
The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans - similar to how the Internet’s Domain Name Service makes the internet more accessible. Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains.
ENS launched with a highly successful retroactive airdrop in November 2021 that rewarded users who had registered addresses before the project launched its token. However, in February 2022, it faced criticism over apparently homophobic tweets by its director of operations.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Anticipating a Combo Trade Short OpportunityMy sights are set on a compelling setup for NZDUSD. Both the Weekly and Daily Charts align with a Bearish Shark Pattern, presenting a powerful Combo Trade opportunity.
I'm waiting patiently for the Bearish Shark Pattern completion at 0.6352 on the 4-hourly chart, aiming for a High Profit Factor with reduced initial risk.
What are your thoughts on NZDUSD? Any strategies or insights to share?
A Promising Bearish SetupI'm keeping a keen eye on what I consider a golden trading opportunity - the retest of a Bearish Shark Pattern coinciding with a higher timeframe Type2 Bearish 5-0 Pattern on the Daily Chart.
My plan is to wait for a retest around 184.15, aiming for a shorting opportunity.
What's your take on GBPJPY? Any strategies or thoughts you'd like to share?
Anticipating Short Position on Bearish Shark PatternEURUSD recently faltered to secure a close above the Weaker Bull Buy Zone, indicating potential weakness in the bullish momentum. I'm eyeing a short position opportunity as the market unfolds a Bearish Shark Pattern on the 1-hourly chart, aligning with my counter-trend strategy.
What's your strategy or perspective on EURUSD? Feel free to share your insights!
EURUSD bullish trade towards Daily swing highIt's been a while since I posted a trading idea on social media, thought that this would be a good example.
Daily Analysis:
Price has pulled back to a fair price which has nicely reacted from an area of demand The daily structure is bullish, this reaction could potentially be the new daily swing higher low.
H4:
Even though on the H4 we're on a downtrend, the price has strongly reacted from a D TF POI giving the 1st signs of bullish momentum and possible pull-back on the H4 TF, which could potentially be a reversal on the H4 and continuation on the D TF.
M15:
Price has BOS to the upside, changing direction in align with D TF, therefore the probability of this reversal at this POI is high.
Hope that many more posts come to mind and I can restart making my analysis on social media, to share my opinion + grow with the trading community.
Bitcoin will continue to crash to 36 600Bitcoin is really bearish at this moment. We have had a massive crash recently, and this is not looking good. My technical analysis suggests that we have completed the impulse wave (3) and are in a corrective phase wave (4). This corrective phase should end at 36 600 USDT, and then I am expecting another pump to reach 48 500 USDT.
On the chart, you can see a symmetrical triangle, and the price went above it; unfortunately, it was a false breakout / fakeout. Usually, what happens after such an event is that prices reverse and go in the opposite direction. Triangles are usually marketed as wave (4) from the Elliott Wave perspective.
36,600 is a strong support because it is in the middle of the previous consolidation. Also, this is the first major swing low, right before the previous pump. There is definitely a lot of liquidity, which is a magnet for whales.
Let me know what you think about it, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades.
Awaiting Bullish Gartley Pattern after Bearish Shark SetupNZDUSD showcases a compelling combo trading setup - a Bearish Shark Pattern visible on the weekly and daily charts.
This combination suggests potential movement in the market.
My approach involves waiting patiently for the market to shape a Bullish Gartley Pattern on the 1-hourly chart. This setup offers a more favorable Profit Factor, enhancing the trade's potential.
What are your thoughts or trade plans regarding NZDUSD?
Share your insights below!
Bullish Gartley Pattern Alert on 8 Range Bar ChartA Bullish Gartley Pattern has emerged on GBPJPY's 8 range bar chart, presenting an opportunity for those leveraging TradingView Pro account alerts. Alternatively, setting alerts on the 15-minute chart is viable for this setup.
This pattern aligns with a buying opportunity that could ride the bullish wave, in conjunction with the Type2 Bullish Shark Pattern on the daily chart.
What's your trade plan or analysis for GBPJPY?
Share your insights or strategies below!
Eyeing Potential Buying Opportunity with Bullish Shark PatternFor those eyeing a buying opportunity on GBPUSD, the Bullish Shark Pattern is poised to complete at 1.2707, offering an early potential setup.
Are you inclined to long or short GBPUSD? Share your trade plans or insights regarding the GBPUSD scenario below!
AAPL: The Ultimate Bearish Shark Scenario Pointing Towards $33There is already an Active Bearish Shark Trade going on with AAPl that is targeting $152.24, which would be a 0.618 retrace of the local range, but there are much bigger bearish patterns and signals in the long term that could be hinting at an elevated probability of AAPL completely undoing the uptrend it's been in since 2018 and returning to those 2018 lows at $32.99.
Apple has been trading within an Ascending Broadening Wedge since 2018 and has recently topped out at the PCZ of a Bearish Shark it formed at the highs with PPO Confirmation and MACD Bearish Divergence. The target of this local top would take it to $152-$124, but if we zoom out to the bigger picture, we can see that if it hits the macro Demand Line from here, it will confirm the Partial Rise of this Ascending Broadening Wedge Pattern and the measured move of this pattern would take it back to the pattern's inception, which is around $35. In addition to that, a break of this channel would also align with a break of a potential Harmonic B point, which would put us in a Shark BAMM and the PCZ of that Shark would land anywhere between the 0.886 retrace and 1.13 extension. Due to this confluence, I find it very likely that if we break below the wedge, we will then see the price of Apple take a Harmonic dive to the $35 area.
Shorting CADJPY with Weekly Chart Alignment & Intricate AnalysisIf you missed the chance to capitalize on the sell limit at 110.36 aligned with the Weekly Chart's Shark Pattern on CADJPY, amounting to a 306-pip move (~3,060 USD/lot), don't dwell on the past.
Now, there's a fresh opportunity presenting itself on the 1-hourly chart – a Bearish Shark Pattern gearing up to complete around 108.01. To optimize this trading chance, exercise patience and await candlestick confirmation before entering the trade.
Are you eyeing this CADJPY setup? Share your thoughts below!
Leveraging Bullish Trend Lines for Long-Term Trades!NZDJPY showcases a compelling Bullish Trendline on the Weekly chart, indicating a bullish trajectory.
Zooming into the Daily Chart, I've spotted a potential Bullish Shark Pattern awaiting completion at 87.33. This presents a promising combo trade opportunity, aligning with the long-term bullish trend indicated by the Weekly chart.
What are your insights or trade plans for NZDJPY? Feel free to share below!
Shorting Caution and Planning for Long-Term Opportunities!GBPUSD exhibits a stronger bullish trend compared to EURUSD, despite a Weaker Bull Trading setup. I'm eyeing a buying opportunity for a longer-term trade strategy.
However, this doesn't deter me from considering a Bearish Shark Trading setup on the 1-hourly chart as a potential shorter-term play. Simultaneously, I'm patiently awaiting the formation of a Bullish 5-0 Pattern, which could serve as an entry point for a longer-term buying opportunity.
What's your take or strategy on GBPUSD? Share your insights below!