Bitcoin has been in a decent sized retracement since making a high on 5ht May at more or less the 61.8% fib (B in the potentially forming Gartley). Now $7158 is the price level which really has my attention as it could be C in the Gartley pattern. If that turns out to be the case then many many other Cryptos which are looking for a place to create their C before...
Monaco has just taken out a missed weekly central pivot from a few weeks back. Its heading down to S2 weekly and there are multiple missed central pivots above (2 weekly & this months monthly). Add in a BAT pattern which looks to be setting up with an insane 13:1 R:R and Im am looking seriously at this. To be clear I'm looking to trade the CD leg of the BAT.
Verge is setting up what looks to be a C of a Butterfly (weekly S3, same level as last months central pivot which at this point is untouched, also virtually 78.6 and price is sitting on daily 200MA) . If this turns out to be the case, I will look to trade the C D Leg. R:R on this is almost 7:1 if price were to get to D at 1.272 ext. It could of course go...
Monero has completed a bullish BAT at 88.6 which also happens to be weekly S2. In this case I am using the smaller BAT to trade the CD leg of two Gartley patterns (one smaller one larger). R:R on the smaller Gartley (trading the C D leg) is around 8:1 and for the bigger Gartley (trading the C D Leg) is almost 14:1 Lets see how things play out.
QASH is a crypto I learned about for the 1st time today. A friend of mine seems pretty pumped about the project and the potential it has. I checked it out and found 2 Butterfly patterns. The 1st has completed already (left side of the chart) and gives us a nice visual representation of what could happen if I get into the 2nd Butterfly which is setting up now...
Zcash looks to be heading back to a missed central pivot from 2 weeks ago. It is also in the final part of what appears to be the C D leg of a Bullish BAT. Is that is the case entry will be at D (between 78.6 &88.6), this will give a very healthy risk to reward as D will then become / could become the C of a much bigger BAT pattern in which case I will trade...
in this TNBUSD video I discuss what looks to be a really nice Butterfly which is setting up. A & B have formed up nicely and it appears now that we are getting close to C forming up too. Once that happens its possible to enter a long to trade the CD leg. In this particular case if my stop is in the most conservative place (below A) I still have a risk to reward...
Bitcoin is in a really interesting place at the moment... Personally i would love it to get up to the 1.618 ext of the Butterfly pattern discussed in the video. The reason for the is if it does that level is right at the 78.6 fib level of a larger Butterfly pattern which could be setting up. I discuss what I will do if price gets to 78.6 and has not hit the...
In this video I explain what I was taught in terms of a Harmonic pattern "working". In this example I initially look at a BAT pattern and I walk you through what it means for it to "work" and later on I show the same for a GARTLEY pattern. In essence when price turns at D, you can consider the pattern having worked once price passes A. You can take profit or...
In todays Video I talk about 2 patterns. The 1st is a Butterfly which seems to be setting up (point B is a 78.6) and if that is the case price should move lower to form C which for me makes sense as I see missed Central Pivots (monthly & weekly) below. That being the case I zoom into a smaller bearish Gartley which is setting up. I will look to short at D with...
EOS has had a 200%+ move up in the last month. In this video I discuss why it could be time for a pull back and how to safely get short to take advantage of a retracement. There seem to be two patterns forming up. The first is a Larger BAT pattern which i discuss first, then i move to the smaller Garltely setting up and discuss how I will use either pattern to...
In today's video i share what looks to be a perfect setup for trading the C D leg of a BUTTERFLY pattern. Risk to reward looks great, support at entry looks strong and momentum of the market suggests a move higher. Still I wont take the trade as May's central pivot is below price and in my world I dont get long if there are missed pivots below price. This type...
I woke up this morning and saw red for the 1st time in a loooooong time... I have been taking some profits over the last few days as I really dont like it when price misses central pivots. Added to the mix in the Litecoin analysis is that price has formed up a really nice looking BAT pattern. In this case price has made a D very close to 88.6% fib level (price...
in today's fun looking back / cherry picked video I look at what happens when Butterfly patterns !REALLLLLLLLY WORK! In this case the 1st is a bullish BUTTERFLY which goes absolutely bananas! I use the replay tool to show just how crazy price goes. Then later I spot another BUTTERFLY pattern this time bearish which leads to an equally massive move down. This...
Aid coin is a token a friend of mine is pretty hot on.. he was part of the ICO and recently got an airdrop. I'm looking at this from a T.A perspective and I see price potentially setting up a C which I can then trade up to D (at fib ext 1.272 or 1.618). As C has not quite formed yet I dont know exactly where I will enter but it could week be at / around weekly...
As I have mentioned in a couple of other videos, BTC have informed other coins and Stratis is no different. The BAT pattern on the daily Stratis/BTC chart is looking really positive. I personally wont be taking this trade but I will keep an eye on it and provide entry / stop / take profit should price give a good opportunity to get in.
In this video I 1st show you a very clean / text book BUTTERFLY pattern which is currently doing very well. I use market symmetry to try and work out where price might get to before turning around. When I did that it looked like price might be heading up to the 78.6% fib level which also happens to be almost exactly the XA leg of the bullish BUTTERFLY. Then...
In this video I see 3 separate butterfly patterns... I has played out, 2 have still to play out. I am using the smaller of the 2 remaining Butterfly patterns to get in while targeting the 1.272 & 1.618 extensions of the larger pattern. Entry will likely be on April Central Pivot but will update once price gets down to that point.