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USD/JPY - Bullish BatWhat's up everyone, here we have USD/JPY with a bullish bat pattern on the 30m chart, this is a short term trading opportunity. Excellent opportunity with over 1:2 risk to reward, as you all know that is my bare minimum for taking a trade. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 NZD/CHF is running in a nice profit and I'll be looking to add this position to the list whilst keeping it at a maximum 1% risk.
Long
by LewisGlasgow
24
Bullish bat- 4 hour time frame- GBP/JPYGood afternoon everyone, here we have GBP/JPY on a 4 hour time frame having already completed a bullish bat, This is an excellent trading opportunity with a potential risk to reward of nearly 1:3. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be looking for additional confirmation before taking the trade! price has oversold on EM and is in between support and resistance. I hope everyone has a good week ahead, please leave a comment or interact and I will be sure to reply.
Long
by MichaelCollins18
BTC/USD - HISTORY REPEATS ITSELF - THE BIG PICTUREHello, traders! Today, we are looking at Bitcoin. Everyones has one similar question on the brain: WHEN WILL BITCOIN CRASH!? After analyzing the big correction for bitcoin in 2014, while keeping the parabolic curve in mind, price has made a huge correction at 4.618 when using the Fibonacci Retracement tool. This first measurement starts at tip of the wick in the peak of the parabolic curve and ends at the bottom wick at the lowest point of the correction. The corrections in the past have retraced to the 0.886, measured from the bottom of the parabolic curve to the tip of the new parabolic curve (further predicted from the 4.618 measurement). If history is the repeat itself, by the end of the year Bitcoin will be due for the MAJOR correction peaking at the price level of $4700 USD.
BITSTAMP:BTCUSD
by cdschultheis15
Bitcoin - Ahead of August 1stWell, August 1st is approaching and I'm putting forward one potential outcome following the changes to the bitcoin network. Today we have BTC/USD on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I understand the BAMM theory will be relatively new to most traders, this style of trading simply focuses on a breakout of the B point. A clear break and close below support at B would indicate further declines for bitcoin heading towards $1900 where we may see a short term recovery upon completion of the bat pattern . Green area displays the profit zone. If we do see a sell-off I will be sure to keep everyone updated.
COINBASE:BTCUSD
by LewisGlasgow
34
EUR/GBP - Bearish BAMMToday we have EUR/GBP on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I understand the BAMM theory will be relatively new to most traders, I've posted a few charts about this style of trading but it simply focuses on a breakout of the B point. A clear break and close below support at B would indicate further declines, therefore, completing the D leg around 0.87700. Below are my stop loss and take profit levels. SL: 0.89350 TP: 0.87700 This is an excellent opportunity with around a 1:3 risk to reward. Green area displays the profit zone. I hope you all have an excellent week :)
Short
by LewisGlasgow
2
XAG/USD - Three DrivesHello traders :) I'm back with a market insight on XAG/USD. Price seems to be forming a valid bullish three drives pattern and I plan to capitalise on its premature formation. Price completed the 2nd price drive at 15.18 and we may be starting the 3rd price drive once we confirm the 0.618 retracement level. You will need to pay close attention to price action and candlestick formations in the current area for the perfect entry point. A clear break and close above the trendline would indicate a move higher, therefor invalidating the pattern. The maximum level for an entry point would be a 0.786 retracement, ideally I would prefer a 0.618 retracement to keep a symmetrical pattern. This is a great trading opportunity with over 1:3 risk to reward. Thank you all for your continued support, don't forget to add me on social media :)
OANDA:XAGUSDShort
by LewisGlasgow
24
USD/JPY - Bullish Deep CrabHello traders, it appears USD/JPY is now forming a bullish deep crab pattern on the 30m chart. This is an excellent opportunity with a potential 150+ pip return! The measurements for a valid deep crab are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.24 - 3.618 X to D: 1.618 I'll be expecting price to stall out once it reaches the D point, this forms on a key level of support! Keep this setup on your watch list going into a new week. Connect with me on social media for more trading inspiration :)
Long
by LewisGlasgow
5
Litecoin - Bullish CypherWhat's up everyone, after receiving many request for LTC/BTC here is my view on the 4h chart featuring a bullish cypher pattern. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 Right now price is holding above the minor support trendline at 0.016, a break and close below would indicate a move to lower support at 0.0146. From there I would expect a further move down to complete the D leg, therefore, providing an ideal area to go long. If support holds price could push up to resistance at 0.0178, which is just above the 0.382 retracement of high to low. Just to add, to all those requesting analysis keep in mind I receive a lot of requests per day and I only upload analysis where I see beneficial to the community. I hope you all have an excellent weekend when it comes.
by LewisGlasgow
17
MAID/BTC - Price StructureToday we have MAID/BTC on the daily chart, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief technical overview. As you can see during 2015 we experienced a move from 0.00002000 to 0.00029400 within 4-5 months which is around a 1300% increase in price. Currently, price is respecting the 0.618 retracement level, if we see a break of this level we will see an increase to 0.00029400, thus providing an excellent opportunity to buy! If we fail to break the 0.618 level we will see a drop back down to the trendline before sky-rocketing, this is where I would enter my position (in a perfect world). The main purpose of this post is to highlight the key price structure within the market, refer to this chart whether you're going long or short. If you want more trading inspiration, connect with me below.
M
by LewisGlasgow
42
Bitcoin - Price StructureToday we have BTC/USD on the daily chart, I'd like to give you all a brief overview of my current view ahead of the 1st of August.  As you can see price has created several key areas of support and resistance which we can use to our advantage.  Currently, price is trading in between $3,000 and the minor support trendline , this area turned into support around May 2017.  If we manage to break $3,000 we will see a move upwards of $3,500, however, if we continue to bounce off resistance, with larger players taking profit we will see a move back down to $2,000 or lower.  Whilst looking at this chart I would like to address the panic word "crash".  Bitcoin dropping from $3,000 to $1,800 over a period of one month is not a crash, it's a correction.  Even if we witnessed price drop to the lower support trendline at $1,300 (I find highly unlikely, but possible) it would still be in a strong uptrend.  As I have mentioned previously, as bitcoin achieves certain key levels, it will not return to them ever again unless we see a more dominant coin in the future.  The main purpose of this post is to highlight the key price structure within the market, refer to this chart whether you're going long or short.  To those trading over the next two weeks, stay safe and make smart investment decisions.
COINBASE:BTCUSD
by LewisGlasgow
19
Bitcoin - Rinse and Repeat x2It's great to be back posting regularly, today I'll be analysing the similarities in market cycles for bitcoin. For reference we have two charts we are going to be focusing on (use the two for comparison). Chart #1: 2011-2014 (all time high $1160) Chart #2: 2015-2017 (all time high $3000) The analysis displayed in front of you is similar to my Siacoin prediction which was extremely successful (chart is shown below). This is the reasoning behind the title "Rinse and Repeat x2". Now back to the point, bitcoin... As you can see from charts #1 and #2 they both follow a similar cycle, although, years apart. Many would call this structure a parabolic curve, however, I prefer the lows touching the curve. Both moves start of from low to high and finish on higher high 3 at their all time high, from there a double test of support can be seen on both charts. I'm expecting a move to support around $1800 as my first target, from there I will update my analysis. With August 1st around the corner it will be interesting to see the future direction. As always thank you for your support!
BITSTAMP:BTCUSDShort
by LewisGlasgow
35
Siacoin - Harmonic ConfluenceHello everyone, I hope you all had an excellent trading week! Today's analysis is a follow up from my successful prediction for Siacoin (chart is shown below) before the minor altcoin crash throughout July. After reaching 840 we started a steep decline towards the mid 200's. Now that price has stabilised I'm looking for opportunities to get back in on the long term move. Price has formed a valid bullish shark pattern and a bullish deep crab, both completing in the same area. This indicates a move up to 615 in the near future. I'll be looking out for any analysis that supports or tests my judgement. Updates to follow! Don't forget to connect with me below.
Long
by LewisGlasgow
30
Steem - The CurveI'm back with another market insight on cryptocurrencies, today I'm on the daily chart with STEEM/BTC. As many of you already know I recently started contributing on Steemit throughout June, you can follow me @lewisglasgow. I see a lot of potential in their platform and cryptocurrency, although it is not ready for mass adoption it certainly has many positives in the eyes of investors/traders. What is Steemit? Steemit is a social network that looks and functions a lot like Reddit, but with one HUGE difference... Steemit pays both the content creators when their work gets upvoted, as well as the people who curate the best content on the site by upvoting others work. Now that I've got that out of the way, here is my view from a technical standpoint The curve presented on the chart can be seen across various financial markets and is simply a representation of an asset becoming less valuable over a long period of time. As price is pushed towards the lowest possible value there are three potential outcomes: 1. STEEM will crash (highly unlikely). 2. It will continue to trade below the curve. 3. Experience a huge breakout to the upside. Of course, we experinced a brekout of the curve moving from around $0.60 to $2.40. Earlier this year I came across a similar situation with BTS and XRP, in which both of those assets experienced a tremendous amount of growth. BitShares. Ripple. Just to clear this up, I do not expect a surge in price like we seen with BTS and XRP. I'm expecting a steady move up between the key zones highlighted in grey, use these levels as an indication to where price will stall. Right now the market is now correcting itself and preparing for the next move up. Updates to follow! Don't forget to add me on social media :)
Long
by LewisGlasgow
14
USD/CAD - Bullish CypherGood morning everyone! I'm super excited about todays set up! Here we have a bullish cypher on the 1D chart with USD/CAD. So much news on the USD came out yesterday, I decided to sit on this one until today. Low and behold, I woke up and it has hit D point! We can look to place a long position on this pattern with a take profit set to 1.3530 REMEMBER: Set your stop loss accordingly. Risk/Reward Ration - 1:2 The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786
Long
by cdschultheis15
AUD/JPY - Bearish BatHello, traders! Here in Scotland with @LewisGlasgow and @ KyleMcquade! We are having a great time building bonds, growing and learning with the Six Figure Capital team! Today, we have spotted a bearish bat on the 4H chart with AUD/JPY. Once price hits D point (87.140), we can look to enter out position and sell it down to 83.750. The take profit level shows confluence in respect to the support line I have shown just below the pattern. Risk/Reward Ratio - 1:3 The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886
Short
by cdschultheis15
Bitcoin - Three DrivesHello traders, due to numerous requests for the future direction of Bitcoin here is my current view for BTC/USD on the 4h chart. I'm expecting a similar move to the one we experienced 2 months ago (chart is shown below). The prediction above was used as an indication of future price direction from $890, rather than waiting to short upon completion of the pattern at $1600. I will be treating the present setup in the exact same way. The 0.886 retracement for point B aligns with a bullish bat pattern and bullish reciprocal AB=CD (chart is shown below). This provides additional validation for a reversal at 0.886 rather than the 0.786 retracement level. There is a lot of speculation that BTC will drop to $1,000 due to it losing a further 13% in the last 24 hours, however, bitcoin has proved many credible analysts wrong time and time again, it will be interesting to see how this trade develops over the next month. Connect with me below for more training inspiration :)
BITSTAMP:BTCUSDLong
by LewisGlasgow
27