APTOS/USDT 1D. Cup forming. Phases. Target zones. Time zones.Here's hype Aptos blockchain chart.
When listed, dumped huge by about 71%. Similar as SUI for example now. After that - rocket pump for about 565%, showing "strength" of an instrument.
After that pump, huge cup started to form, which is shown in this idea.
1st phase of this pattern - is descending in the downtrend trend channel. You may also call it ABC correction.
After that, being in this channel - falling wedge started to form, which gave the beginning of the second phase of this big cup potentially(!). From the height price has corrected for about 85% of the impulse to the previously resistance of the local accumulation zone, which was also the first stop during the pump.
We're now being in the second phase of this cup, which is - accumulation. Right now potential horizontal channel is forming. It's worth noting, that this can last for a very long time, so you should notice that.
But, the plus is, that this asset is only the first cycle on market, so due to it, it might move very quickly(volatility), which can be used.
As for now, the price of the Aptos is breaking above the falling wedge and forming potential bull-flag(consolidation in the form of a triangle after an impulse). Hence - if the price breaks above this local triangle - the target zone will be the amount of the previous impulse which is about 82%. I have marked the potential targets zone on chart.
As a bonus, i have also pointed the approximate time zone of each next phase of a cup potentially:
1) 3d phase is rise towards the resistance of the cup, which is firstly 12$ zone, then - 20,4$ zone. This could happen somewhere in the spring 2024(april-june).
2) After that - next phase, which is the 4th one - breakout of cup and rise, which falls approximately on Fall 2024 in the date somewhere of october-november 2024(as altcoins local season right now).
As for now, the price is between 2 zones - support zone, which previously acted as the resistance, and the resistance local zone, which previously acted as support, this two zones form the channel, which the price is currently in right now.
Until we're walking in this channel - we might still see the move somewhere to the middle of the channel or even it's bottom part, to retest the broken falling wedge. Might even be the false breakout downwards if the market sees capitulation at the moment. Yet, it's likely to be bought out quite quickly. As to that matter, you might even use this period(somewhere about january-february potentially), if it will occurs, or just skip it and stay calm(don't react).
If price breaks the resistance - it might move to the next resistance zone, after which it's very likely to see the pullback(mention timezone above), after which rising to the resistance of the cup. In that case - very beautiful cup will be formed, which is very good for the manipulator(people will see that cup). After that, the price might see the movement to somewhere about 60-100$ zone approximately. Better make the update later with the clear targets. But those are the approximate milestones of this cup.
The volume is now seeing the compression, which can be observed on the volume indicator.
Timezones
Timezone Sessions for intraday trading
Here is an examples of most often models for intraday
Asia range - London manipulation - NY reversal
Asia expansion - London consolidation - NY continuation
Asia range - London expansion - NY consolidation
Hunting liquidity stop losses
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🕔Trading Sessions🕔 What are the Operating Hours of the Forex Market?
The forex market is operational 24 hours a day, five days a week, excluding weekends. It commences trading at 5:00 PM EST on Sunday and concludes at 5:00 PM EST on Friday, resulting in a total of 120 trading hours, with a 48-hour break from Friday to Sunday (EST). The forex market caters to global traders, accommodating their needs irrespective of their time zone. The market is divided into distinct "forex sessions" based on global time zones, which experience varying levels of volume and volatility.
Trading hours are subject to variation depending on daylight savings and holiday schedules. During daylight savings periods, regions utilizing this system will observe a one-hour offset in the winter, which reverts to normal in the summer months.
🕔 What Is a Trading Session?
A trading session is a period of time that matches the primary daytime trading hours for a given locale. This phrase will refer to different hours, depending on the markets and locations being discussed. Generally a single day of business in the local financial market, from that market’s opening bell to its closing bell, is the trading session that the individual investor or trader will reference.
The markets for forex, futures, stocks, and bonds all have different characteristics that define their respective trading sessions for a given day, and the primary trading hours naturally differ from one country to another due to contrasting time zones.
Trading session hours can vary by asset class and country. The regular trading session for U.S. stocks starts at 9:30 a.m. and ends at 4:00 p.m. Eastern Time (ET) on weekdays (holidays excepted). These times are primarily driven by the working hours of the New York Stock Exchange (NYSE), which closes early at 1:00 p.m. ET on several occasions throughout the year associated with holidays.
The regular weekday trading session for the U.S. bond market is 8:00 a.m. to 5:00 p.m. ET.3 Futures markets, meanwhile, have different trading hours, depending upon the exchange and the type of commodity being traded.
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$17 or $27 Oh My God Coin by Mid March- Ultimate Fib Confluence Look at the Time based Fib Extension on this bad boy from the 2020 bottom to the peak in the summer time. Combine that with a regular Fib Time Zone and we see a bottom or top is made after around 20 something days from once we reach the zone. Something nutty is about to be brewing.
Bitcoin - THE LAST DUMP !Bitcoin needs a deep correction before the real Bullrun.
17 Jun is an important time zone in weekly chart (2, 16 Jul are also important in daily chart), overlapping with diagonal resistance and touching the median line of an old pitchfork are our signs of a sharp dump.
If price reaches to $6000 zone, it will be the last time that BTC touches it and probably Bitcoin will never meet the price again. It's a goodbye kiss :)
21 Oct is an important time zone in weekly chart that we expect powerful reactions.
One thing that I should notice is, price can stop the downtrend in $6700 too but $6000 zone is more expected.
The stop loss of this analysis is $9600 that it's too far and untouchable. I don't think price can reach there.
Hint: Always pay attention to Time Analysis & Time Zones!
Why bitcoin should reach the zone between 27k and 120k?According to the Elliot Wave Theory there are 3 unbreakable rules. If one of these rules is violated, then the structure is not an impulse wave.
This rules are:
1. Wave 2 cannot retrace more than 100% of Wave 1. As you can see the first rule is respected.
2. Wave 3 can never be the shortest of waves 1, 3, and 5. Although Wave 3 cannot be the shortest wave, it is typically the longest of all the five Waves.
3. Wave 4 can never overlap Wave 1. Now we are waiting to validate this rule at this moment.
Look at the 1st wave with Fibonacci: from the bottom at 1$ to 1171.3$ you can see that the 61.8 was highly respected (green zone) and then it was broken.
As shown in the chart, also the 78.6 was highly respected . Indeed from here started the accumulation period that has taken the bitcoin to the all time highs.
Look at the 3rd wave with Fibonacci: a pretty similiar movement . Here there is the same movement of the previous one, the 61.8 level was highly respected , then there was the breakdown and now it is on the support of 78.6 .
You know that it is a manipulated market, but if bitcoin will follow the Elliot Wave Theory, and it will not overlap wave 1 at 1171.3$ there will be the fifth wave that could take the price over the ATH .
But is there any tool that can provide a nice view for timing?
Yes, Fibonacci can also help us in this. So I use Fibonacci Time Zone to indicate a very probable inversion area.
Starting from the bottom to the top of the first big movement. (You can see the numbers of vertical lines at the bottom of the chart)
Here we have timezones:
- 0-1st bullish trend
- 1-2nd downtrend
- 2-3rd small period of bullish correction
- 3-5rd continuation of bearish trend
- 5-8th a period of accumulation before the break of the resistance (61.8 Fibonacci - 448.1$)
- 8-13th beginning of the new uptrend (wave 3) ATH
- 13-21st that anticipate the big crash (the beginning of the correction of 4th Elliot Wave). So downtrend and probable period of accumulation.
At the end, if btc doesn't overlap 1171.3$, thanks to the Elliot Wave Theory and thanks to Fibonacci, we are ready for the next bull run that will take btc over the ATH at the end of the 21st Fibonacci Timezone (August 2020).
GOLD: Years-End-Outlook! We are at the CRUCIAL ZONE!Hey Tradomaniacs,
welcome to another weekly overview of Gold!
Let`s take a look at the year and what we see is crazy!
Gold started very well with the years-end-rally of 2017 and retestet the High of 2016!
Technical aspects:
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Gold was steady inside a range of 1.303 - 1.365 and broke through the important support of 1.280!
This caused a massive sell-off as every else down to to low of 1.160 which got stronger after
we`ve violated the trendline which started at the low of November 2015.
And as always - the 61,8% retracement was the bulls HEROS which is @ 1.183 and is the current support
after this sell-off. We`ve started to retrace up to the trendline again and are currently at a VERY crucial ZONE.
This ZONE is a very strong resistance and should be decisive for the next move!
We are at the 61,8% retracement of the previous sell-off which is at the trendline
Addotionally we`ve almost reached the 1,61% extension-level of the bulls whose bought this retracement.
Time to take profit or stack up positions?
Is all this a downtrend and we continue after this retracement?
Or will this turn out to be a fakeout and we continue the uptrend above the trendline?
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Fundamentally I see a lot of potential in Gold which alwys used to be a safe haven in bloody stock-markets.
The inverted yield-curve used to be a very reliable indicator for a upcoming recession and could change the cashflow
out of stocks into alternatives like gold!
We will see what happens!
I WISH YOU A HAPPY NEW YEARS EVE! Enjoy the time with family and friends! :-)
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
BTC Long Term Entry and Exit using Fibonacci Time ZonesPlotting a Fibonacci Time Zone between 2011 peak and 2013 peak produces a 1.618 extension at the bottom of the 2014 bear and a 2.168 extension at the top of the 2017 bull. Seemingly defining both trends before hand. I have plotted the same time zone between 2013 peak and 2017 peak, let's see if these extensions are able to predict the trends again.
My Trading ScheduleThere's no a "best time to trade" but this is what fits best to my lifestyle and I want to share it with you :)
I took into consideration the different Major Sessions such as LONDON, NY, SYDNEY and JAPAN's.
This are the best times to trade FOR ME.
The Turquoise boxes are the time for the entries I'm looking for.
The Grey box is my time for sleep
And the Color boxes are just representing day by day activities.
I made it on the 15M timeframe but my chart is on Mexico City Time (UTC -5) and also the
Hope it's usefull.
Regards.
XVG/BTC IDEA WITH FIB TIMEZONESThe green vertical fibonacci levels indicate the start of a uptrend.
The red levels indicate the start of a downtrend.
ETH/BTC ready to rumble? I think so!There is a clear reversal sign on the market, whether this is a bull trap has yet to be seen but by the amount of markets influenced I don't think so. ETH/BTC is showing a reversal trend on the MACD and just broke it's down-trend. If support is found on 0.055335 SAT ETH/BTC looks like it could go for a run up within the next 4 days. Max estimated target at 0.020332 SAT based on the average 20% rise it makes after each support.