A brilliant Bullish Gartley has played out. Congrats to those who caught that textbook Hammer on the daily chart! Now the Ichimoku Cloud indicator says some interesting things. 1.) Bullish Lagging Span 2.) Daily and 240 candles closed on the (bullish) conversion 3.) Daily and 240 candles see the same 0.618, very close to the (bullish) conversion Crypto is...
A potential bullish cypher is showing a long/buy entry for Solana right in the middle of that S/R zone. Pattern invalidated if price moves past C before hitting D entry - 197.19 stop - not higher than 180.00. It's crypto, so be generous with the stop. Or just add to the hodl. Pattern targets are 0.382 and 0.618 of the CD leg. Or just add to the hodl.
Completed daily candle. November 4, 2020. Long-legged Doji daily candle. Uncertainty, potential bullish reversal.
I'm expecting to find a USDCAD long entry down around 1.33191. Potential bullish bat pattern would complete at a prior resistance level.
Bearish cypher pattern completes up at 112.448. Will require a big stop but it offers big potential targets so adjust risk accordingly. I'm looking for a closed daily candle to signal a bearish reversal after 112.448 is hit. Ideally we'll also see overbought RSI and/or bearish RSI divergence on lower time-frames as price tests this area.
Looks like a bearish cypher pattern could be setting up on EURCAD, pointing to a short entry up around 1.5335 As usual, the short targets would be the 0.382 and 0.618 fib levels of the CD leg with stop-loss above the X point If price breaks below the C point before hitting entry the pattern is then invalidated. Good luck, and trade safely!
Bearish cypher pattern could be pointing to a short entry up around 1.16559
Presuming the downtrend is going to continue, I'm already in this short from last week. This is just an observation of a long-term target price, as well as a level of invalidation. The AB=CD reciprocal ratio points to 1.09561 as an eventual target for the short. A nice long stretch that should offer at least a few consolidation price patterns on lower time...
Watching for a short entry to present itself up around 0.74535 Sideways markets often present good opportunities for pattern trades
Just an observation. I'm currently flat, waiting to see if an opportunity presents itself. - Potential pattern short entry up at 111.193 - Potential pattern long entry down at 110.663 Time will tell. I'll post here if I decide to jump in either of these. Trade safe. Good luck all!
Based on the bullish pattern completing at a prior support/resistance level I'm looking to buy Status at 0.00000473. Looks like a good retracement entry.
Since I believe the daily chart shows that the overall uptrend is still intact I am watching this pair for a long entry. Fortunately, there is a beautiful bullish Gartley harmonic pattern setting up on the 4-hour chart. The 0.786 XA retracement and the AB=CD reciprocal give a nice tight potential reversal zone between 1.1773 and 1.1766. I'm waiting for a...
Bearish harmonic ideal butterfly pattern completed at 113.926. Tested and retested. Seems solid resistance at pattern completion. I'm holding short
Pattern is complete. Targets are the 0.382 and 0.618 of the AD leg
Like every other crypto trader right now I'm hoping to find a good place to buy more NEO. I see a bullish shark pattern with a potential reversal zone between 0.0055 and 0.0033. It's a wide zone but I'm watching the (blue) ascending trendline that runs right through it. When price hits that line I'm looking to buy. Good luck all!
A bearish crab pattern indicates a potential short entry up at 110.08 The 1.618 XA is almost right on top of the 2.618 BC projection
I see a potential short entry on completion of the shark pattern at 130.506. Once price reaches that level I'll be watching lower timeframes for signs of a bearish reversal
Just for fun , I'm going to call a bottom for BTCUSD. $1429.30 This is solely based on a bullish shark pattern that would complete near the 200 period moving average on the coinbase daily chart (your exchange's mileage may vary).