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Three Drives

Symmetric 3 Drives TOP 12H @ BTC/USDAll the choppiness was with the intent to create this perfect pattern and very symmetric 3 Drives TOP. Money Flow Index = Overbought level (Last time that happened was a very violent breakdown.) RSI = Overbought Levels This movement marked the beginning of 1 Week + 1 Month candle building the upper part of it. Which means it will remain to build the down-part of the 1 Week Candle + 3 weeks in which we can build the down-part of the Monthly candle. Fundamental Nothing has changed in the Market cap is the same as it was when it hit the same high's even now Altcoins are randomly pumping and dumping. April 26 - Rehabilitation Plan of the APPROVED claims from Mt.Gox creditors which is in the amount of 140.000 BTC & 140.000 BCH approved CLAIMS. Google Trends still in All Time Low trends.google.com (Weird people are shilling for Venezuela when Nigeria is No.1 Place for Bitcoin interest, land of online scammers) Technical So simple put everything is OVERBOUGHT at high levels. It doesn't have JUICE in it anymore for any big movements without a healthy correction.
BITSTAMP:BTCUSDShort
by SpawnyXBT
3
BTCUSD bearish 3 drivesPrevious analysis we have bullish flag pattern with projection at 4158, but we take short sell at channel up resistance at 4100 without have to wait flag projection hit. Our short decision base on bearish 3 drives pattern resistance at fibonacci 1.272 at 4100, and also channel up resistance. (Bearish 3 drives perfect ratio if we hit resistance at fibonacci 1.618 at 4158) If this pattern valid, bearish projection 3835 Disclaimer : Follow my trade at your own risk.
COINBASE:BTCUSDShort
by AzrulAzir
10
CADJPY - Daily - Potential 3 Drives Pattern - 26/03/19Overall I think we're still in for some selling pressure down to the 80.50 - 81.00 region. We're seeing some really clean price action after a break of the 83.00 handle, with price making lower highs and lower lows. The EMA Waves throughout the higher and lower timeframes are aligned. If this does play out it'd form a 3 drives pattern, which I have seen recently also on EURUSD . These are reliable patterns and hold significant psychological value. My thesis is marked on the chart, and of course, if price action confirms a change in direction this idea is flawed. Tools Multi-timeframe analysis Support and resistance Trendlines Channels Fibonacci Harmonic Patterns Trend Analysis EMA's
Short
by robdee4x
BTCUSD "one more bearish wave"Today we have 3946 as previous support become resistance (classic support and resistance). This level also as Fibonacci 618 resistance . If this level able to hold bullish, it will confirm bearish with a new lower target at 3807 (fibonacci 1.618) This pattern still unconfirmed as bullish 3 drives , and it will complete as bullish 3 drives once we reach 3807 with target at 3982 *I already close my short at 3860, now i wait for new short around 3946 with target at 3807. don't forget to hit "LIKE" to get more quick update (if we have a changing plan with incoming pattern) Click to see previous analysis
COINBASE:BTCUSDShort
by AzrulAzir
4
PKR-USD Chart shows that Pakistani Rupee has massively DeclinedFX_IDC:PKRUSD Chart shows that the relationship between FX_IDC:PKRUSD have gone stronger. PKR has declined massively in past 12 months as per our analysis covering the Tenure of March 2018 to 2019 the period of May to July has shown massive Decline. Perhaps Bailout packages and friendly aid can might help the graph go upwards to a few bars, However the mainstream idea remains bearish against USD as IMF loan approches near we should expect more depreciation to PKR. The chart shows a little potential gains between 0.0071xx and 0.0073xx However it doesn't seems Promising enough to attract investors. Current Oscillators are highly on red side the buying orders for rupee are almost zero and if this trend keeps moving forward in next days we can expect a downard hit to 0.0065xx.. so plan wisely Sometimes you Earn the other times you learn. happy trading
Education
by CognitoBTC
BTCUSD three drives patternAt previous analysis, we have target at fibonacci 1.414, but bitcoin only able reach fibonacci 1.272 and have pullback after that. This price action trigger a new harmonic pattern perform. Drive 1 (black) Drive 1 already complete with 1.272 as projection. Drive 2 (blue) After reach drive 1 projection, drive 2 perform. If bitcoin able to reach and bounce at drive 2 support at 3839, it will confirm drive 2 pattern with projection at 3977 Drive 3 (red) After reach drive 2 projection at 3977, sometimes it perform a very strong bearish (single candle dump) with target at drive 3 support at 3796 and finally perform bullish wave to reach drive 3 projection at 4027 to complete "3 drives pattern" this pattern will failed if : * Drive 1 projection break up before hit drive 2 support ** Drive 2 support break down note : if you agree with this pattern, let me know by click "like" button.
COINBASE:BTCUSDLong
by AzrulAzir
11
QKC is Showing Strong Bullish SignalsBINANCE:QKCBTC is getting ready for a massive up trend we have seen positive indication from -RSI -Aroon -EMA and also have witnessed increasing volume and happy to mention that BINANCE:QKCUSD is expected to inflate in coming days as backed by studies. Event updates on Quarkchain: QKC has ended its Bounty program as promised rewards would be sent after the mainnet launch. QKC Mainnet launch is taking place in Q1 2019. Selling targets are mentioned in Text form just to differentiate :P
Long
by CognitoBTC
USD/CAD Daily Three-Drives About to CompletePRZ was tightly formed with the DE 1.272, the BC 1.618 and the 1.00 CD projection from point E. The PRZ is pretty tight and after trading a few three-drives patterns I expect a reversal in that zone. Before placing a trade, I'd watch price action to confirm the reversal before entering the trade. I have 3 price targets specified all based off of the Fib retracement of point A to point F. The targets I pick are the 0.382, the 0.618 and the 1.000 retracements. I have a feeling that this three drives is going to go all of the way to the 1.000 price target but I'm usually wrong so don't quote me on that.
Long
by UnknownUnicorn4041773
ETHUSD - Bullish Butterfly + Bearish Three-DrivesIf Bulls blast through the Daily SMA 200 , this Bearish Three-Drives , and the Long Standing Descending Channel would dissolve from our charts as they would no longer be valid. If Point C on the Bullish Butterfly is also ignored, then ETH Bulls have had enough - the 100 and 200 SMA would be gained on the Daily. The 100 SMA could very well cross the 200 SMA with price action above it. One thing is for certain, there will be some fireworks in the next few days. If price action bounces off the 200 SMA and corrects back between Points A and B , it would keep ETH inside this Bullish Butterfly with an upside near $160 , but again the 200 SMA would still need to be cracked. At that point, a cross of the 100 and 200 SMA would likely be in place and momentum could be shifted. With that in tow, I think the Bullish Butterfly goes out the Window and this thing goes stellar for a bit. Bullish Three-Drive Pattern from 106 to 120's Spike. Good Luck, Traders. May you find yourself on the profitable side of it.
BITFINEX:ETHUSD
by MrJEB
ETHUSD - 30m Uptrend Line Broke, Retest or Find Support?ETH Price action broke uptrend line this morning. As outlined in a previous post on Bearish Three-Drives (or Bullish should it maintain it's sentiment), correction could come looking for support around the .618 Fibonnaci ($115-114 range). Bears looking to test the Bulls resolve on this uptrend. SMA 50 nearby, and should act as nice support on the 4 Hour Time Frame at $118, and SMA 100 at $113.5. For you folks on other Exchanges, numbers are a little higher. Three-Drives Pattern
BITFINEX:ETHUSD
by MrJEB
ETHUSD - Bearish Three-Drives towards Daily 50/100 SMAETH is displaying what looks to be a Bearish Three-Drives to challenge the Daily SMA 50 and 100 ( Bear Market ). Present position has it aligned with another price surge up towards the previous Daily SMA 50 rejection, and a possible tickle of the Daily SMA 100. If the pattern validates, the correction will come at 61.8% correction . Then on we go? The flip side is that this will maintain its Bullish Sentiment (A Bullish Three-Drives) - and a bounce will occur at the 61.8% Correction to again challenge and overtake the SMA 100. On the 12H Chart , the EMA 12 , and 26 can be seen crossing the SMA 50. The last time this occurred was early in December when ETH rallied towards $160. Good Luck, Traders. May you find yourself on the profitable side of it.
COINBASE:ETHUSD
by MrJEB