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Three Drives

Bitcoin - 3 DivesLooks like we are flushing out Longs and trapping shorts Formation of Dives: a clear downward movement reaches a low. another dip forms, slightly lower than the first. the final dive happens, testing the same support level Volume Behavior: Volume appears to diminish with each successive dive, which aligns with the typical characteristics of this pattern. Support Level: The third dive coincides with the ascending channel's lower trendline, reinforcing the strength of this support level
BINANCE:BTCUSDLong
by The_Pythia
PEPE/USD a daily look at meme coin moonshot Looking at the 30m timeframe along with the higher timeframe context : Elliott Wave Analysis: 1. Wave structure Looking at the 30m timeframe along with the higher timeframe context: - Wave 1: Initial impulse from 0.0{4}12489 - Wave 2: Shallow retracement - Wave 3: Strong impulse to 0.0{4}25914 (typically strongest wave, which fits here) - Wave 4: Current corrective phase (should not overlap wave 1) - Wave 5: Potential upcoming (if rules satisfied) Fibonacci Relationships: - Wave 3 ≈ 1.618 * Wave 1 (common relationship) - Wave 4 retrace staying above 38.2% of Wave 3 (typical) - Key Fib level at 0.0{4}20252 (current MA50) Indicator Analysis: 1. MACD: - MACD line: -0.0{5}1404 - Signal line (DIF): -0.0{6}293 - Showing bearish divergence on recent highs 2. KDJ: - K: 17.55 - D: 24.31 - J: 4.03 - Showing oversold conditions 3. OBV: - OBV: 3,499,467 - MAOBV: 3,418,096 - Showing sustained buying pressure Updated Key Levels: Support: 1. 0.0{4}20252 (MA50) 2. 0.0{4}19943 (Previous structure) 3. 0.0{4}18000 (Psychological) Resistance: 1. 0.0{4}25914 (Recent high) 2. 0.0{4}23038 (MA21) 3. 0.0{4}22446 (MA9) Trade Setup Strategy: Entry Conditions: 1. Primary Entry Zone: 0.0{4}20252-21000 2. Confirmations needed: - Bullish divergence on MACD - KDJ crossing upward from oversold - Volume spike above MAOBV - Candlestick pattern (bullish engulfing or morning star) Risk Management: - Stop Loss: Below 0.0{4}19943 - Take Profit Targets: 1. TP1: 0.0{4}22446 (MA9) 2. TP2: 0.0{4}23038 (MA21) 3. TP3: 0.0{4}25914 (Previous high) Entry Execution: 1. Scaling approach: - 30% position at initial entry - 40% on first confirmation - 30% on trend confirmation Additional Considerations: 1. Fair Value Gap (FVG) from higher timeframe provides additional resistance zones 2. Watch for volume confirmation at key levels 3. Monitor higher timeframe trend alignment 4. Be aware of potential wave 5 extension if wave 3 is confirmed complete
Long
by dasBoot
1
MARKET 1H OUTLOOK Today’s technical analysis of the XAU/USD (Gold/US Dollar) pair indicates a potential bearish trend. As of recent updates, the price is struggling to hold above the $2,680 support, encountering resistance around $2,710. Currently, the Stochastic Oscillator is also in oversold territory, reinforcing the bearish outlook while suggesting that the current downtrend may be nearing an exhaustion point. Immediate support lies around $2,680. If prices break below this level, it could open the path towards further declines. On the upside, resistance at approximately $2,710 will be a key level to break for any potential reversal to an uptrend. Overall, the bearish outlook suggests potential short-term downside, but any rapid changes in market sentiment or external factors like economic reports could alter this setup. Always keep in mind that these indicators are dynamic, and market volatility could influence real-time results.
OANDA:XAUUSDShort
by BELLATRIXFX
Bitcoin - 100 Billion $ Historical Liquidations | ALL TIME HIGH!Bitcoin is only a very small step away from reaching a new all-time high. On the following chart, we can see high leverage liquidity from traders around the world. The most liquidity is around 70k - 73k. Over 100 billion dollars are ready to be liquidated! How is this possible? Most people have their liquidation price exactly around this level on their short positions on futures. They believe the market will go down, but as you know, liquidity can be a very sweet spot for whales; of course they want all orders. From a technical perspective, bitcoin is forming a bullish pennant, and we have a strong bullish Elliott Wave combo (impulse wave + zigzag wave (1+2)). Wave 3 is in progress. Bitcoin will most likely experience a massive flash pump, now it depends on whales - will they take the liquidity for their sell orders or let it be to push the price higher? What do you think? Let me know in the comment section. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
BITSTAMP:BTCUSDLong
by Xanrox
70
Yen Bullish Three Drives PatternHow to identify the Three Drives pattern? The three drives harmonic pattern is identified by various three higher highs or lower lows. They gather in a reversal of the existing trend. Every move lower or higher is quantified by using the Fibonacci extension and retracement levels of 61.8 and 127.2 percent. In some instances, the definition of the 3-drive pattern may be expanded to include various Fibonacci retracement or extension levels, like a 161.8 percent extension rather than a 127.2 percent extension. The pattern also works without Fibonacci levels, but it may be less accurate. Bullish Three Drives pattern The pattern begins with a bearish swing to give traders their first drive. Traders can then notice a retracement higher into the 61.8 percent level of the first drive to give traders the A point. From here, the price turns lower again to give the second drive which should complete into the 1.27 percent extension of the first drive. From here, the price correct higher once more. It goes back up into the 61.8 percent retracement of the second drive to give us our B point. Then there will be one final push lower with price trading down to the 1.27 percent extension of the second drive to give a third drive that completes the pattern and offers a buying zone.
TVC:JXY
by SEYED98
9
GBP/USD: Three Drives and Butterfly Patterns in PlayGood day Traders, Trust you are doing great. Here is my brief analysis of the GBPUSD pair. Last week, a bullish Three Drives pattern was identified on GBP/USD, completing on October 17th. Following the pattern's completion, the market experienced a brief impulsive move to the upside before retracing back to the support zone. Currently, the market is testing this support level, and a sustained move higher could follow, further validating the typical characteristics of this pattern, often found at the end of a trend or correction. If the support holds, we anticipate a move toward the 1.31026 price region. Additionally, a potential Butterfly pattern appears to be emerging, with its completion also expected around the 1.3146 level. This outlook will be invalidated if the price moves further down and breaks below the 1.29565 level. Cheers and happy trading!!!
Long
by Samuel124
pepe → just buy and hold ithello guys. Pattern: The chart shows a potential "Three Drives" pattern forming, a bullish reversal pattern. First Two Drives: The first two drives have been completed, with the price bouncing off the trend lines. Current Position: Price is near the bottom line of the channel after a "hunting candle," suggesting a potential third drive. Outlook: If the pattern completes, a strong move to the upside toward the projected third drive target is possible. Summary Pattern: Developing "Three Drives" bullish reversal. Support: The price is near the bottom trend line. [* ]Potential Move: Anticipating a third drive upward. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
5
High Time Frame 3 Drives Pattern down to OctoberNOPIUM I wanted to share a bearish thought that I think has merit whilst we are all talking about the new bull run to BTC at $250,000 by next week idea. The Blue lines - FIB TIME Purple lines - 3 Drives Pattern I'm hoping the rest is clear enough. FIB Time has been something I have used, ignored and then regretted before. Whilst nothing is a guarantee, In the past, it has given me dates within a few days of where it landed. This time, it's showing that IF we do start to grind down over the next couple of months, it ends somewhere around the 4th - 7th of October. Price Levels Untested resistance around $48,000 - $49,000 Above us right now, we have a weekly Order Block , the whole range Point of Control and the Value Area High not too far away. Coupled with the untapped Weekly level, I see this area as pretty good resistance until proven otherwise. Price levels: Somewhere between $67700 and $69000 If anybody has any thoughts, I'd love to hear them. Charted for BITGET:BTCUSDT.P
by turnandshoot
3
BTC & Ethusd trade idea full video on youtube You make money if the price moves either up or downs. If the price decreases in value, your position makes a profit. A trading plan is a set of rules that specifies a trader's entry, exit, and money management criteria for every purchase. With today's technology, test a trading idea before risking real money. Known as back testing, this practice allows you to apply your trading idea using historical data and determine if it is viable.
BITSTAMP:BTCUSD
by Vishalatul097
Magnetic Fields (Part 2)At the architecture faculty, I was taught that if it looks ugly in a project, then it won’t work. So this is another clear example of how events can unfold in the future. Given the exponential trend, we can assume that without the current stop Bitcoin price would have already reached $150k. But since this hasn't happened yet, the start of the swift rise period is clearly moving to the second half of 2025. Looking at this optimistic scenario, we can see that the resistance and support exponents each have their own magnetism and the price always made sharp falls after reaching the highs and a smooth rise untill excitement begins. So this time, it is quite likely, and ideally necessary, for the price to fall below the (orange) median expected in this case. I understand that the trends of the desired and the actual may differ and therefore I try to be objective. However, one way or another, the clarity of the picture speaks for itself. A related idea (part 1) has a less optimistic outlook.
BITSTAMP:BTCUSDShort
by tradephenomena
BTC pullback is ended, Long entry points with delayHello traders, here is my simple market vision - Upper you see new Bearish Orderblocks (beOB) formed during last two days - Lower we see rebound from old Bullish Order block (buOB) - Formed new one buOB today - Sperandeo TrendLine broken - The price was in lower part, not far from liquidation support . Liquidation Levels I'm building at 00-00, like a plan on this day. - I've added Blue boxes 1) 2) 3). First blue box i've buld by Lowest H2 candle of the day1. Second and third it's the same size box, and I've just moved them to low of day one and second day. What is the meaning and idea? The idea is to catch weak lows. Strong low - is low closed lower then blue box. Weak low is closed in or just tuched blue box. This concept can show us when trend becomes weak and also workong in range market and expanding triangles. The best entry points in my mind, when the price returnd from box №3 and closed in box №2. Also we can wait another confirmations like here. (Rebound from OldOB, TrendLine broken) In two words for remember: "Yesterday, the day befor yesterday. Return on third day. Weak lows. Reversal strategy" Books: Inner Circle Trader.
by Robert_MQL5
MACRO BTCUSD - The Wonder Years Looking at Timeframes of Prev Market Cycles we seem to following the old adage "Fred Savage" , You may have thought I was going to say something about History Repeating itself based on the almost mirror image of Market Cycles, but When I said "Savage" , I'm starting to hear the screams and see the carnage. I've been trying to figure out why upon that weekly closing bullish candle we are unable to set a higher high, which is still in play, however, I like to really Zoom out and approach the market as a whole. I'm currently scratching my head and starting to wonder if we've already been to the top of the Mountain. Only a thought, an open thought, Without conclusions. Let me know what you think in the comments INDEX:BTCUSD BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by dasBoot
📈Bitcoin Next Stage 75K? / Trading setups (Updates soon)📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. A few hours ago, before I left the Bitcoin analysis chart. I drew two bullish and bearish scenarios for Bitcoin. Despite being late for a valid entry, I still think Bitcoin will go near the $75,000 level before the price correction. However, in the current situation, Bitcoin should not go back below the pitchfork nearest line (blue line). A bearish scenario could happen sooner if Bitcoin returns below the indicated blue line. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Long
by CrazyS