It looks like bitcoin has just laid the foundations of a major trend reversal and potentially given itself the launchpad needed to push out of this 215 day consolidation structure. Momentum appears to be shifting with the chart printing the first higher low, higher high and now a higher low with strong price action to support a continuation to the upside to AT...
This is already an active trade setup but looks like the chart is providing another opportunity to get a good R:R entry. Large M shape harmonic structure. Lower demand line appearing to show a partial decline and seller exhaustion at the key level. Bullish engulfing candle off the key level to boot. What is not to love here? : )
CORN CFDs presenting a large 4 year long harmonic structure with a trendline break locally. I think this is a deep value area and will be watching this chart for more accumulation structures. I think its safe to take a 3:1 RR position here with the goal of adding to this position as more chart data presents itself.
SUI presenting a large full-reset harmonic structure and appears to be type II'ing with a higher low off the reaction. I think its possible to strategise a decent risk/reward position here with a stop loss below the recent low. Worth bearing in mind the current trend for the sector is bearish so trade carefully.
Looks like copper is putting in its first weekly higher low with a potential IVHS reversal structure at the bottom and at the completion zone of a bullish wave structure.
A 1600 day harmonic wave structure with clear accumulation happening beneath a major level, confirmation of the upper red rectangle would be the signal, but entering here on the harmonic and reversal structure alone I feel is safe. This trade will take a decade to play out and is purely for fun. njoy
ATOM printing another M shape and we are at the basement confirming support on the lowest level on the chart. Easy to strategise a low risk high reward swing back to the top of the range.
A chart showing the larger cyclical macro trend of bitcoin.
Easy to strategise a low risk high reward long position at the .886 fib node. Ride it up to the 618 and beyond.
Nice area to take a long position with outstanding risk to reward ratios. Enjoy : ))
Time and time again market participants sleep on chainlink, keep this chart in mind as bitcoin continues to heat up. Stay hydrated.
LINK long idea, bearish crab pattern. Trade with caution! Stay hydrated.