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Bitcoin - Bearish AB=CDTraders, today we have BTC/USD on the 4h chart with a bearish AB=CD pattern. The measurements for a valid AB=CD pattern are detailed below. C: 0.618 - 0.786 D: 1.272 - 1.618 I'd like to break down several aspects of this chart in order to show everyone exactly what I'm looking at. #1: Ascending channel and untested high Price is showing signs of indecision at resistance around $6,000. Previous ATH still untested. #2: Potential three drives formation #3: Similarity in price moves Price move A to B to achieve the previous ATH at $5,000 is similar to C to D. As always use this analysis in relation to your own. I'll be updating this idea as it progresses, I hope you all have an excellent weekend.
BITSTAMP:BTCUSDShort
by LewisGlasgow
11
EURGBP 1 Day Bullish GartleyI found this pattern forming on the 1 hour timeframe with huge profit potential for the patient. A valid gartley will be reached at .88072 which is where I will watch for a reversal to enter this trade. Take profit level one and 2 are marked in the chart. This may take a while to prove itself as a valid harmonic pattern or to prove itself invalid. As for it being on a one day chart, each candlestick represents a full day on the market which will give you an idea of the patience necessary. Thank you as always for looking at my idea and remember to only risk 1-2% of your account per trade!!!
Long
by mortonmarket
1
AUDJPY Bullish GartleyGood morning guys. I have looked at a few of the AUD pairs and found a bullish shark on the AUD/CAD at a strong level of support (will be published later). In addition, I have now came across this Gartley pattern, also hovering around a strong support/resistance zone. I will be looking for bullish sentiment in the coming week or so through fundamental releases to add confluence to the bullish pattern. The bigger picture can be seen below, where price has previously stalled/reversed around the D level. Gartley ratios: X:B = 61.8% A:C = 38.2%:88.6% B:D = 127.2%:161.8% X:D = 78.6%
Long
by KyleMcQuade
XAUUSD Short - Bearish BAMMAbove we can see the trend line for a movement within bearish weekly channel on Silver. Price has hit the trend line and I expect will drop to our D point once support is broken during the trend. Adding confluence to this movement is the bearish bam theory- the harmonic movement will push price down should the daily candle break below this level! Risk is minimum 1:2 - I will hold this short position but will not be taking the bat movement. I am simply using the BAMM theory to add to my bearish sentiment. Please see a similar trade below on the AUDUSD!
OANDA:XAGUSDShort
by KyleMcQuade
NZDCAD - The Ugliest Butterfly You've Never SeenAbove you can see a very only-shaped butterfly ; price isn't exactly flowing from each co-ordinate to the next but the ratios fit the bill, so it's a butterfly . The reason I am at least considering taking this trade is the level of support- you can see in the update below that price is at a key level of weekly support/resistance . Furthermore, the daily trend line has been broken (before price subsequently dropped after the NZD government announcement). Bearish in mind that price goes through cycles of trending, then consolidation before making new trend, the false break of the daily trend line could be a sign of the beginning of a consolidating market for this pair. And I don't have to tell you which types of markets harmonic patterns work best in! Butterfly ratios: X:B = 78.6% A:C = 38.2:88.6% B:D = 1.618-2.24% X:D = 127.2%
Long
by KyleMcQuade
AUDUSD Short - BAMM TheoryGood morning, This week I am aiming to trade more on the 1 hour charts- mainly to fill in the time in between larger price fluctuations; I will be looking for movements that suit the larger time frame! On the 4 hr chart we have a long crab pattern but price still has some way to go until it meets the D point. Above you can see a short position on the 1 hour, that would support this- We have a bearish BAMM (Bat Action Magnet Method) formation. For this to form, we need a valid bat pattern (check) whilst we wait for price to break and close below the B level (0.782). At such time we will enter our short position and hold until price reaches the final D point (PRZ). Risk should be at least 1:2, as always.
Short
by KyleMcQuade
1
Ripple - The Road to $1What's up traders, I'm back with a brand new market insight on cryptocurrencies, today I'm on the 12h chart with XRP/BTC. This is my first piece of analysis since my prediction back in April 2017 when I predicted the breakout from $0.03 (chart is shown below). Ever since investing in Ripple in early 2017 I've always had a long term target of $1 based on the technical aspect of the asset and the fundamental background of the company. 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. (Since Ripple achieved a new all time high the asset has depreciated 85% and created a market low at 3450). You can see the curve illustrated is similar to the one we previously experienced this year. The present curve is acting as a resistance barrier which is keeping price from breaking out, as you can see we have formed a solid support trendline and price is now being squeezed between 4000 and 6000. We need a lot of volume behind this move for it to be successful, I believe the SWELL conference can provide this if the result is positive. To all of you who are not aware Ripple are holding the SWELL conference in Toronto over the next 3 days and this will impact the short term direction of Ripple, you can tune in to watch it live here: swell.ripple.com A lot of hype has been built up around this event but it was shortly buried as BTC stole the spotlight with a move to around $6,000. I'll be sure to update this move as it progresses, I look forward to watching the live feed for SWELL and see how the market reacts, if the result is negative I still believe Ripple to be an excellent addition to anyones portfolio over the longer term. Don't forget to leave a thumbs up and follow me for more analysis.
Long
by LewisGlasgow
20
CAD/CHF - Bearish 5-0Hello, Traders! I hope everyone is having a great weekend! I'm VERY excited to share and keep an eye on this set up with you guys. Today, we are looking at a bearish 5-0 pattern on the 4H chart with the CAD/CHF. Price seems to have started to reverse between 1.13-1.618 at B point. Lets look for price to break the current trend when the markets open back up to continue its way to C point. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Short
by cdschultheis15
AUD/USD - Harmonics Meet Technical StructureHello, Traders! Today, we have tremendous confluence on the 1D AUD/USD chart with a Bullish Crab and Reverse Head and Shoulders pattern . As price is making its way down to touch the neckline of the Head & Shoulders pattern, a Bullish Crab pattern is shown with D point right at the same reversal zone, while meeting a historically strong rising trendline. Risk:Reward - 1:3 The measurements for a valid crab pattern are detailed below. B: 0.382 - 0.618 C: 0.382 - 0.886 D: 2.618 - 3.618 Final X to D: 1.618
Long
by cdschultheis15
1
EURGBP LongHi guys. This is not a pattern I look at often, however, today I'm looking at a long position at the end of a harmonic 5-0 completion! Price has hit support on the weekly time frame and should find some security at this level. EUR GBP is not a pair i've wanted to trade as of late as per the obvious political sentiment, then again, I don't trade the 5-0 that often either. There also seems to be a small double bottom on the 4 hour chart. If price is to push 30% into my profit one, I will as always move my SL to my entry level. So lets see how this works out, this one's just for some fun! 5-O ratios X:B = 1.13-1.618 A:C = 1.618-2.24 B:D = 0.5
Long
by KyleMcQuade