3 Drive Pattern for June battleBitcoin has last chance to test MA50 daily with range 8900-9100, it is good to reduce overbought on stocashtic rsi Daily and 4H.
As hardly to cross over 9860-9900, it means BTC still want have new higher with prediction more than 10800 or atleast Double Top from 10200-10400
Three Drives
#Bitcoin - Swing Game plan - #3drive#BTC has been trading inside the channel & been sideways from past few days, wicking 200-300$ both sides & liquidating leverage traders
looking at HTF the bearish Divergence is still in play & now i see a possible Three Drive reversal
The TEXTBOOK reversal will be as I posted on chart
let's see what we get
RED is where I will look for shorts & Green is where I will long
First short 10600 then long 88xx final swing short from 112xx all the way to 7000 where we have a FVG -
will post Setups if the plan goes the way I want
#ETH #ethereum - Perfect 3 drive setup I read this somewhere, first, they pump ETH then BTC then alts then they cash out in USD & cycle repeats itself, this seems to be true for the current movement we are watching in cryptomarkets
First ETH was moving but BTC was lagging now BTC is moving but ETH is lagging, i posted a long chart while back with the targets of 267, it looks hard to reach there now, we are forming a HUGE Bearish divergence on 4hr time frame
along with it, Three drive perfect setup is also printed!!!
will follow this setup as per charts, i will trade with no so for now as i think we will see some wick hunts but overall this is a good setup!
#bitcoin - Three drive reversal H&S idea is still valid, there a gap also on CME that lines up perfectly with our right shoulder, i was short from 9268 but have taken profit here at 100$ move now looking to resort at 9350 targeting 8900 or even lower
also we are printing bearish divergence on hourly still need to see it on 4h
i am also keeping an eye on this cypher that we might be forming
EURO / AUSTRALIAN DOLLAR (EURAUD) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
NATURAL GAS FUTURES (NG1!) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
EDUCATION + WORK Harmonious pattern ABCD + "Three movements" BATI wrote a series of articles on harmonious patterns. On the coin, which I trade from time to time for about two years, a harmonious ABCD pattern is now formed. I decided to publish the information here on the site. I combined a teaching idea with a trading one. Immediately I showed the options for working on a coin, so as not to spam trading ideas and spend time on it. Below I will describe in detail. First, on working on the tool, and then below I will give a little training material. I’ll cut the text as much as possible, as I understand that people don’t want to read a lot of text, for some people this is an overwhelming task)))).
On the chart itself, I showed potential movements depending on the retention / breakout of local support / resistance levels.
______________________________
1 work option.
The price has almost reached point D, which could become a potential pivot point in this local movement.
ABCD is nothing more than part of the movement in the channel. Channel width 100%. Therefore, in case of confirmation of point D and a price reversal, the potential first profit is + 100%. If this happens, then the ABCD pattern is reorganized into a harmonious pattern of "Three movements." I have shown the areas of potential reversal and observation on this chart.
2 option work.
A variant of work if the ABCD pattern is not confirmed and point D does not become a price reversal zone. The formation of a triple bottom. Pivoting bullish shape.
The downward stopping zone I showed on the chart. I doubt that it will be pierced, how this will ruin the canvas for the work of the "artist" in the future.
To an important zone of resistance and confirmation of this figure + 100%
Full working out of the figure triple bottom + 300%.
Option 3 (unlikely)
If the price breaks through the support zone (green area) and is fixed in a downward movement below it. Then you should forget about trading this cryptocurrency and "turn gray on the fence" until a good entry point appears. But even in such a situation, when they will do a "trick", you can partially take the movement + 40%.
Note that in any movement options with the correct entry points (reversal zones), the risk is minimal, the profit is maximum, both locally in movements, and is possible when the trend develops and in the global one.
____________________________________
The previous trading idea for this coin in this pair, which gave + 40%.
Actually now, as in the global price forms a symmetrical triangle , this downward movement is nothing more than a pullback after breaking the triangle up.
The result after a while + 40%.
The same coin is only a trade for bitcoin .
BAT / BTC Fractal 2019. History repeats itself. Potential + 180%
And the result is + 40% and now rollback.
Notice, everything goes according to the fractal plan.
___________________________________________________________________________
LEARNING MATERIAL on the theme of harmonious patterns ABCD and "Three movements".
1) ABCD pattern .
This is the simplest version of a harmonious pattern. Nevertheless, the figure is an important brick on the way to understanding the principles of constructing harmonic figures and, moreover, is part of most of them.
ABCD is a reversal pattern foreshadowing a change in market trends. That is, the figure helps to predict when the price ends the growth and prepares to fall, or vice versa, completes the fall and prepares for growth. A key feature of the pattern is the symmetry of the AB and CD knees.
The figure begins with a rise or fall in price on the segment AB. The BC segment is usually a sharp correction, the size of which should fit in 38.2% - 88.6% of AB. Ideally, the size of the correction should be from 61.8% to 78.6%.
At point C, the price reverses and continues to move parallel to segment AB. In this case, point D should be in the range of 113% - 261.8% of the knee BC .
The main rule is to observe the symmetry of the pattern. Ideally, the length of the elbow CD should be fully consistent with the length AB. That is, it means matching both in time and in price.
Rules for trading a pattern:
1) The length AB should correspond to the length of the CD.
2) The time it took for the price to go from point A to B should be similar to the time from C to D.
This harmonious ABCD pattern has two varieties:
1) Bearish pattern .
2) Bullish pattern .
Bearish ABCD pattern gives a sell signal.
Bullish pattern ABCD gives a buy signal.
TNT / USD 1 day. Harmonious bearish pattern ABCD .
ETH / USD 1 day. Harmonious bullish ABCD pattern.
In real trading on the market, there are a variety of variations of this pattern. But, it’s a good rule to observe the corresponding sizes of AB and CD corrections, since it is much more difficult to trade an asymmetric pattern. Asymmetric, incomprehensible patterns are better to skip.
If I trade such formations, then without a Fibonacci grid, I do not need it. I already see what she has to show. In most cases, this is a working analysis tool and at the beginning of your analysis you should use a Fibonacci grid.
In trading these formations, I use strong support / resistance levels, the symmetry of this formation and healthy logic in the calculations. Tradingview has a template for this harmonious ABCD pattern and the "three movements" pattern. This simplifies the work and makes it possible to quickly search for this formation on the chart.
______________________________________
2) Model of the pattern "Three movements".
The Three Movement model is a fairly well-known pattern. Its analogues can be found in wave analysis (diagonal triangle) and the book of Linda Raschke (three Indians). It is very reminiscent of ABCD , as if a continuation of this formation. This is a price movement in an upward or downward channel . In the framework of harmonious trading, we consider this model taking into account the Fibonacci ratios.
In the classic version of the "Three Movements" pattern, it is provided that movements 2 and 3 complete on projections 1.27 or 1.618. Correction of movements 1 and 2 - at the levels of 0.618 or 0.786. In the real market, models with ideal proportions are quite rare. Therefore, if you want to really earn money, get used to the fact that book "idealized" patterns in the real market are very rare. You need to be able to trade what is, and not what you want.
This model has a greater predictive property if it is in the expected end of the trend. Typically, the formation of the “Three Movements” is a signal that the market already does not have enough strength to continue the trend and perhaps the beginning of at least a correction.
This harmonious Three Movement pattern has two varieties:
1) Bearish pattern .
2) Bullish pattern .
LTC / USD 1 day. Harmonious bearish pattern "Three movements" ( ascending channel ).
In the example, we see that the upward trend price has broken, which triggered a trend reversal.
ETH / USD 1 day. Harmonious bullish pattern "Three movements" ( downward channel ).
As we see, the next correction wave reached the resistance line of the downward channel . The target is taken.
Learn to “predict” a more likely future. Always have different options for your work in a given situation. Work according to the basic plan, based on the situation that is being implemented.
In order to trade in a market in which the deposits of most traders are destroyed, you must have vast experience, and be a whole head taller for the rest.
EDUCATION + WORK Harmonious pattern ABCD + "Three movements" BATI wrote a series of articles on harmonious patterns. On the coin, which I trade from time to time for about two years, a harmonious ABCD pattern is now formed. I decided to publish the information here on the site. I combined a teaching idea with a trading one. Immediately I showed the options for working on a coin, so as not to spam trading ideas and spend time on it. Below I will describe in detail. First, on working on the tool, and then below I will give a little training material. I’ll cut the text as much as possible, as I understand that people don’t want to read a lot of text, for some people this is an overwhelming task)))).
On the chart itself, I showed potential movements depending on the retention / breakout of local support / resistance levels.
______________________________
1 work option.
The price has almost reached point D, which could become a potential pivot point in this local movement.
ABCD is nothing more than part of the movement in the channel. Channel width 100%. Therefore, in case of confirmation of point D and a price reversal, the potential first profit is + 100%. If this happens, then the ABCD pattern is reorganized into a harmonious pattern of "Three movements." I have shown the areas of potential reversal and observation on this chart.
2 option work.
A variant of work if the ABCD pattern is not confirmed and point D does not become a price reversal zone. The formation of a triple bottom. Pivoting bullish shape.
The downward stopping zone I showed on the chart. I doubt that it will be pierced, how this will ruin the canvas for the work of the "artist" in the future.
To an important zone of resistance and confirmation of this figure + 100%
Full working out of the figure triple bottom + 300%.
Option 3 (unlikely)
If the price breaks through the support zone (green area) and is fixed in a downward movement below it. Then you should forget about trading this cryptocurrency and "turn gray on the fence" until a good entry point appears. But even in such a situation, when they will do a "trick", you can partially take the movement + 40%.
Note that in any movement options with the correct entry points (reversal zones), the risk is minimal, the profit is maximum, both locally in movements, and is possible when the trend develops and in the global one.
____________________________________
The previous trading idea for this coin in this pair, which gave + 40%.
Actually now, as in the global price forms a symmetrical triangle , this downward movement is nothing more than a pullback after breaking the triangle up.
The result after a while + 40%.
The same coin is only a trade for bitcoin.
BAT / BTC Fractal 2019. History repeats itself. Potential + 180%
And the result is + 40% and now rollback.
Notice, everything goes according to the fractal plan.
___________________________________________________________________________
LEARNING MATERIAL on the theme of harmonious patterns ABCD and "Three movements".
1) ABCD pattern.
This is the simplest version of a harmonious pattern. Nevertheless, the figure is an important brick on the way to understanding the principles of constructing harmonic figures and, moreover, is part of most of them.
ABCD is a reversal pattern foreshadowing a change in market trends. That is, the figure helps to predict when the price ends the growth and prepares to fall, or vice versa, completes the fall and prepares for growth. A key feature of the pattern is the symmetry of the AB and CD knees.
The figure begins with a rise or fall in price on the segment AB. The BC segment is usually a sharp correction, the size of which should fit in 38.2% - 88.6% of AB. Ideally, the size of the correction should be from 61.8% to 78.6%.
At point C, the price reverses and continues to move parallel to segment AB. In this case, point D should be in the range of 113% - 261.8% of the knee BC.
The main rule is to observe the symmetry of the pattern. Ideally, the length of the elbow CD should be fully consistent with the length AB. That is, it means matching both in time and in price.
Rules for trading a pattern:
1) The length AB should correspond to the length of the CD.
2) The time it took for the price to go from point A to B should be similar to the time from C to D.
This harmonious ABCD pattern has two varieties:
1) Bearish pattern.
2) Bullish pattern.
Bearish ABCD pattern gives a sell signal.
Bullish pattern ABCD gives a buy signal.
TNT / USD 1 day. Harmonious bearish pattern ABCD.
ETH / USD 1 day. Harmonious bullish ABCD pattern.
In real trading on the market, there are a variety of variations of this pattern. But, it’s a good rule to observe the corresponding sizes of AB and CD corrections, since it is much more difficult to trade an asymmetric pattern. Asymmetric, incomprehensible patterns are better to skip.
If I trade such formations, then without a Fibonacci grid, I do not need it. I already see what she has to show. In most cases, this is a working analysis tool and at the beginning of your analysis you should use a Fibonacci grid.
In trading these formations, I use strong support / resistance levels, the symmetry of this formation and healthy logic in the calculations. Tradingview has a template for this harmonious ABCD pattern and the "three movements" pattern. This simplifies the work and makes it possible to quickly search for this formation on the chart.
______________________________________
2) Model of the pattern "Three movements".
The Three Movement model is a fairly well-known pattern. Its analogues can be found in wave analysis (diagonal triangle) and the book of Linda Raschke (three Indians). It is very reminiscent of ABCD, as if a continuation of this formation. This is a price movement in an upward or downward channel. In the framework of harmonious trading, we consider this model taking into account the Fibonacci ratios.
In the classic version of the "Three Movements" pattern, it is provided that movements 2 and 3 complete on projections 1.27 or 1.618. Correction of movements 1 and 2 - at the levels of 0.618 or 0.786. In the real market, models with ideal proportions are quite rare. Therefore, if you want to really earn money, get used to the fact that book "idealized" patterns in the real market are very rare. You need to be able to trade what is, and not what you want.
This model has a greater predictive property if it is in the expected end of the trend. Typically, the formation of the “Three Movements” is a signal that the market already does not have enough strength to continue the trend and perhaps the beginning of at least a correction.
This harmonious Three Movement pattern has two varieties:
1) Bearish pattern.
2) Bullish pattern.
LTC / USD 1 day. Harmonious bearish pattern "Three movements" (ascending channel).
In the example, we see that the upward trend price has broken, which triggered a trend reversal.
ETH / USD 1 day. Harmonious bullish pattern "Three movements" (downward channel).
As we see, the next correction wave reached the resistance line of the downward channel. The target is taken.
Learn to “predict” a more likely future. Always have different options for your work in a given situation. Work according to the basic plan, based on the situation that is being implemented.
In order to trade in a market in which the deposits of most traders are destroyed, you must have vast experience, and be a whole head taller for the rest.
AMERICAN AIRLINES GROUP INC (AAL) Monthly & WeeklyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
USD/NOK Possible LongUSD/NOK Multiple Time Frame Technical Analysis:
This seems to behave locally according to the (-- Three Drives Pattern --)
It already (-- MADE ALL THE RETESTS --) and is supposed to hit the next drive up.
-- The Price is supposed to hit the Target Level 1 within the range of 10.80 -- (-- High Risk --)
-- The Price is supposed to hit the Target Level 2 within the range of 11.10-- (-- Normal Risk --)
The Risk to reward ratio indicates a high risk because Its a little bit late to enter the trade.
Trade Wisely
Note:
- These Forecasts are Observational Forecasts, and should not be used in applying any trading strategies.
- No Hedge Funds Analysis were included in the analysis. (-- Please Consider --)
BTC AnalysisA dragonfly was gracefully perched atop a lotus lily.
Bitcoin's price almost completes a three derives Pattern!
So the 7890 is the most important resistance level for "Big Short",it means that the 7890 is the last place to try to short, otherwise the price will soar up into the sky with one start.
If you choose to trade today, a clear stop loss level is necessary!
If you need any discussion, please discuss it with me in the message area of tradingview
No analysis constitutes investment advice
Ethereum Short - 3R/RNotes are on the chart. Looks quite a lot of confluence to roll over not forgetting about Covid-19. Big number of 200, multiple drives up already, bearish divergence across time frames, touched outside top bollinger band for the second time, touched top trend line for third time.
Personally, I have scaled in and will be scaling out of this trade. However, this looks like a high probability full trade setup to me also