3 Drives TOP 1H? Possible, these bulls FOMO a lot. 3 Drives TOP 1H? Possible, these bulls FOMO a lot.
Three Drives
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.
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
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 $160.
Good Luck, Traders. May you find yourself on the profitable side of it.
Tic-Tac-Toe H&S WITH 3 DRIVES TOP READY TO DESTROY BULLSThis chart is screaming "SHORT" from all possible angles.
- Head & Shoulders
- 3 Drives Top
- Big rejections on uptrend candles
- Multiple shooting stars.
ETHUSD - 15m Three-Drives, SMA 50, and 100. Some Recent 15m price action analysis with Bearish Three-Drives Pattern . I think the SMA 100 will come into play after the next leg up. The SMA 50 is also standing by on the Daily, noted on the recent Bullish action Sunday Evening with quick profit taking. Bulls will need a great deal of momentum here to break SMA 50, 100 , and the Downtrend Line in place from September.
A correction may be on the horizon - keeping price action in a daily Bullish Butterfly that looks to have started developing around Dec. 15th 2018.
Bullish Butterfly:
Good Luck Traders!
The end of the bulltrap will be bloody :) We ending this in a beautiful 3 Dives to top that is in formation. Psssst let those bulls open as more longs with a huge interest rate as this will be the most costly and savage drop they experience since 6000$ levels.
SGDJPY 15 minute chart Three Drives Pattern.My first three drives pattern but I've included a stop loss and thee target prices.
Forseen Future - H&S Forming - Worst Case - 3 Drives Top3 Drives is higher probability as is it a scheme used since 1800 grain trading with great success.
Three Drives December HogsWe may have a three drives on December Hogs. Fail today at third top. New pivots will be coming tomorrow and pivot will rise slightly overall. S2 will be higher, so not sure now much this may fall. Need confirmation tomorrow. We also have a twin tweezers top rejection. R2 becomes resistance at 63.775. R1 has been breached at 63.275. Pivot is next target for bears at 62.475. Hog market in lead April is continuing a down move to double bottom and hog index is falling and now nearing 57.
Perfect Symmetrical 3 Drives to TOPPerfect Symmetrical 3 Drives to TOP
It can mean only one thing:)
I've posted a similar situation chart that was a surgical strike :) as I always do.
3 Dives Top + Head & Shoulders on 1H - Dangerous Grounds 3 Dives Top + Head & Shoulders on 1H - Dangerous Grounds
~ 1 day until February Month
- 3 Days until end of Week
- 3 Dives Top + Head & Shoulders on 1H Time Frame
Technically is perfectly to dump and position yourself right here.
USOIL - 4H CHART - LONGThe Crude Oil set to make a come back!
It could rise to just under 58 dollars by February.
GOLD Fibonacci Pattern 15 MinBuy @ 1289.96
T/P 1292.78
S/L 1288.400
GOLD Fibonacci Pattern 15 Min
RadioForex
My favorite - 3 Dives Top With Massive Rejection on last TOP3 Dives TOP with Massive Rejection on Last TOP is my favorite.
Also the massive rejection result the fact that weekly 24 MA is holding like a BOSS without sweating it.
Enjoy the shorts my friends.
ANOTHER 3 DIVES TOP - 30M Another failed pump by Bitfinex, the mafia exchange, the high money launderer's exchange. Has pulled off another dirty wash trade of theirs. It will end up like the rest of others with a big failure.
Lets see how this 3 Dives to TOP with HUGE REJECTIONS on their Wicks plays out. Most likely they will forced out to the maximum all their indicators on small time-frame.
*FIXED* 3 Dives To TOP with Symetrical TOP'sI think now was the last true TOP. From which will deflate this extra-pumped price with Fake Volume out of Bitfinex USDT. . Well done for bears that stayed out as I saw Shorts were low and dint jumped out at every spike. Now LONG's are trapped and IN-PAIN.
