BAT - CRYPTO MOVING NICELY TO THE PATTERNSBINANCE:BATUSDT has had a nice move down from the larger Patterns on Sept 5th now we are looking for more weakness down toward 0.30 to complete this ABCD pattern.
If we look at todays AI there is a CIT Window at 13:00 this afternoon.
If we could get one more rally up towards 0.33-0.3350 that would set up a sell signal for a minimum move back down to 0.3200.
A nice one to keep an eye on as its moving nicely to the patterns I trade.
I hope this helps. Enjoy the day. 👍👍
W-patterns
ETH - MULTIPLE PATTERNS @ THE 78%Once again we have a corrective rally.
We have just completed multiple patterns in COINBASE:ETHUSD this morning @ the 78% level setting up the next move below 1400.
The good thing about patterns completing @ the 78% is that you dont have to risk much because if we get above 1720 then the pattern are wrong and we look for something else.
I hope this helps. Enjoy the Day!! 👍👍
DXY I see some reversal soon Price broke below the pattern that was what I expected. I'm waiting and watching for a bearish flag continuational pattern or any continuational pattern on the lower time frame to take a sell. I'll likely post if there is a correction to continue if possible. This will be my style of taking this trade!
Note it's of a financial advice
Thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!
A Bitcoin Simple Symmetrical AnalysisPiece together the simple aspect of symmetry and math. This decline on the 5 day (and weekly) proves to showcase a coincidental mathematical drop from Nov 2021. If this does play out our BTC bottom should be the 28th Oct 2022.
Note:
- 1st drop for Nov 2021 15 bars
- 2nd drop from April 2022 15 bars
- 1st up 13 bars
- 2nd up 13 bars
- Gaps from high to high both 28 bars
- 100% Fib-Based Ext. correlates to a ending range.
- Total avg -85% drop for cycle ATH 84.55% matches overall down bar calculations ending at a 50% retracement to the last parallel channel.
Note: I am publishing this idea based on discovery evidence found in the candle stick and observing the aspect in relation to the mathematical symmetrical patterns and how it correlates with Fib Levels, parallel channels. Nothing has to follow and a curve ball could be thrown however, for a 9 month reoccurring pattern is something not to ignore.
NZD-USD Downtrend Short! Sell!
Hello,Traders!
NZD-USD is trading in a local downtrend
And the pair broke out of the bearish flag pattern
Then proceeded to fall down
So we are bearish on the pair
And I think that we will see a retest
Of the support below next week
Sell!
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See other ideas below too!
BULL & BEAR FLAG PATTERNSBULL FLAG
This pattern occurs in an uptrend to confirm further movement up. The continuation of the movement up can be measured by the size of the of pole.
BEAR FLAG
This pattern occurs in a downtrend to confirm further movement down. The continuation of the movement down can be measured by the size of the pole.
Please don't forget to like, comment and follow to support us,
GoldViewFx
XAUUSD TOP AUTHOR
GBPNZD - AI & MAJOR LEVEL COMING UPToday Im taking a look at the AI for the next 2 days and how its timing in with major pattern completion levels between 1.8947 - 1.8962.
Patterns completing are a
Gartley from the 15th low.
An ABCD from the 18th high @ 1.8962
A 3 drive completing at 1.8947
Add in the AI @ 2:30 tomorrow morning and this gives us a great set up to buy.
If its at a high coming into the key time then its likely to be an invert and heading lower.
Things lining up nicely. Lets see how it plays out. Enjoy the day. 👍👍👍
EURUSD ready to trade below parityEURUSD is showing strong potential of trading below the breakeven parity level and I highly believe that by the end of August we could break the parity level and trade below it for the rest of 2022.
Looking at price action on this one I see 0 reasons for buying, in fact all we are forming is constant lower highs and lower lows... which suggests we are in tune for more bearish momentum if this process continues.
We just came out of a build up range followed by a bearish flag pattern... momentum is strong and I highly believe, based on what I see, that we'll be heading south bound for now.
The Good, The Bad and The Ugly - BTC to $430 000 (there's a catc
The Good: $430k is in slight 🚀
The Bad: $7-$9k will come first ⚡
The Ugly: it'll take 4 years to reach the top, 3 years of which in a bear market. 🐻
Despite the high volume in the recent weeks BTC was unable to push through $25 200 or hold the $23 800 resistance that flipped support for a short while! This is very significant and paints a grim picture, especially when paired with the state the US economy and the high inflation.
This price action is usually characteristic for the PS stage in a Wyckoff Accumulation, where institutional buyers accumulate the asset so that they have enough of it to sell through major resistance levels (and subsequently buy back at a discount). This in turn triggers a cascade effect, pushing weak hands, who in a state of a panic try to salvage whatever they can and sell everything they have left at a great loss.
In the short term we should see a bonce back to $22 600-$22 800k before the final leg down. Bottom price is not guaranteed, but the bottom will almost certainly be at the end of November / beginning of December.
To show the potential path I've used an inverted fractal from ADA that covers the accumulation period and the ascend to $3+.
Never a financial advice, dyor.
CANDLESTICK PATTERNS BASICS | Engulfing Candle 📚Hey traders,
In this educational post, I want to discuss with you one of the most accurate REVERSAL candlestick patterns - the engulfing candle.
On ETHUSD chart, I spotted for you bullish & bearish examples of this pattern.
The logic behind this pattern is quite simple:
⭐️In a bullish trend, after a strong directional movement, the price reaches some important structure level. Growing steadily and forming a sequence of green bullish candles the price suddenly forms a strong bearish candle.
What is particular about that candle is the fact that its total range (distance from the wick high to wick low) & body range (distance from body open to body close) exceed the ranges of a previous bullish candle.
🔻Such a candle we will call a bearish engulfing candle.
Most of the time it signifies a strong spike in selling volumes and willingness of sellers to push.
With a high probability, such a formation leads to a pullback or even a trend reversal.
Ultimate Candlestick Cheat Sheet For CryptoHello, traders!
Here is the cheat sheet for the candlestick patterns. They are divided into five groups:
-Bullish Reversal
-Bullish Trend Continuation
-Bearish Reversal
-Bearish Trend Continuation
-Neutral
All these common formations you can see on the chart but first of all you should understand what has happened on the market. When you are looking at the candle a lot of useful information can be received.
For example if the candle have the long wick to the downside and short body ( hammer ), it means a huge bullish pressure and this is a reversal to the uptrend sign.
When you have three stars in the South formation it is can be noticed that the wicks to the downside are long and bodies became shorter. It means the weakness of the downtrend and also the sign of the potential reverse.
If the candle have a very small body ( doji ) this indicates that the market is in indefinite situation. Bulls and bears war did not lead to price changes and future price direction is unknown.
Do you use the candlestick patterns? Please write your comment and give us a support with like if you like such cheat sheets!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
SPX500 - Pattern repeating??
Just a simple look at the market repeating. In the Photo I have the TVC:SPX from 2008. In that example we have the market retesting the 200MA before we saw the major selling.
From the High in Oct 2007 until that retest was 221 Days and if we look at where we are today we are sitting at 224 Days and we have just hit the trendline from the top.
Can we go higher?? Yes we can as we still have the 4368 level @ the 61.8% but if we look at 2008 it didnt quite get there as well.
Major point to watch!!!
Just one way of looking at this massive rally.
I hope this helps.. Enjoy the week.
Learn Ascending Triangle | Classic Price Action Pattern 📚
Hey traders,
In this educational video, I will teach you how to identify an ascending triangle.
We will discuss the structure and the bias of this patter
and how to apply that in analysis.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️