LewisGlasgow

LewisGlasgow Updated 

The crypto market is shaping up nicely this week and I'll be ready to capitalise on several price drops very shortly! Today I'm looking at BTC/USD on the 4 chart with two harmonic patterns forming at different price levels. Blue, bullish butterfly. The measurements for a valid butterfly pattern are detailed below. B: 0.786 C: 0.382 - 0.886 D: 1.618 - 2.24 X...

LewisGlasgow Updated 

Today we have an excellent buying opportunity for SYS/BTC on the 4h chart with a bullish 5-0 pattern, I'm absolutely loving the look of this setup already! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 The B point forming at a solid 1.272 adds to the structure of this pattern. At this current moment in...

LewisGlasgow Updated 

Hello traders, today we have GBP/JPY on the 4h chart with a potential bullish bat pattern, it's currently completing the C to D leg and closing in on the PRZ. All-round excellent opportunity with over 1:3 risk to reward. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 This...

LewisGlasgow Updated 

What's up everyone, here we have USD/JPY with a bullish bat pattern on the 30m chart, this is a short term trading opportunity. Excellent opportunity with over 1:2 risk to reward, as you all know that is my bare minimum for taking a trade. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X...

LewisGlasgow Updated 

Hello traders, it appears NZD/CHF has formed a bullish cypher pattern on the 4h chart. This is an excellent long opportunity with a potential 250+ pip return! The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 I'll be further analysing this pair today to determine the value of this position. Feel free to...

LewisGlasgow

Hello traders, here we have EUR/AUD on the 1h chart with a potential bearish bat pattern. All-round excellent opportunity with over 1:3 risk to reward. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be looking for additional confirmation before taking the trade!

LewisGlasgow Updated 

Well, August 1st is approaching and I'm putting forward one potential outcome following the changes to the bitcoin network. Today we have BTC/USD on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618...

LewisGlasgow

Today we have EUR/GBP on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I understand the BAMM theory will be relatively new to most traders, I've posted a few charts...

LewisGlasgow Updated 

Hello traders :) I'm back with a market insight on XAG/USD. Price seems to be forming a valid bullish three drives pattern and I plan to capitalise on its premature formation. Price completed the 2nd price drive at 15.18 and we may be starting the 3rd price drive once we confirm the 0.618 retracement level. You will need to pay close attention to price action...

LewisGlasgow Updated 

Hello traders, it appears USD/JPY is now forming a bullish deep crab pattern on the 30m chart. This is an excellent opportunity with a potential 150+ pip return! The measurements for a valid deep crab are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.24 - 3.618 X to D: 1.618 I'll be expecting price to stall out once it reaches the D point, this forms on a...

LewisGlasgow

There are some amazing setups forming on the charts, here we have AUD/CAD on the 1h chart with a bullish gartley. Price is currently completing the C to D leg, this is an early prediction but one to watch going into next week. The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786...

LewisGlasgow Updated 

What's up everyone, after receiving many request for LTC/BTC here is my view on the 4h chart featuring a bullish cypher pattern. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 Right now price is holding above the minor support trendline at 0.016, a break and close below would indicate a move to lower...

LewisGlasgow Updated 

Today we have MAID/BTC on the daily chart, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief technical overview. As you can see during 2015 we experienced a move from 0.00002000 to 0.00029400 within 4-5 months which is around a 1300% increase in price. Currently, price is respecting the 0.618 retracement...

LewisGlasgow Updated 

Today we have BTC/USD on the daily chart, I'd like to give you all a brief overview of my current view ahead of the 1st of August.  As you can see price has created several key areas of support and resistance which we can use to our advantage.  Currently, price is trading in between $3,000 and the minor support trendline , this area turned into support around...

LewisGlasgow

It's great to be back posting regularly, today I'll be analysing the similarities in market cycles for bitcoin. For reference we have two charts we are going to be focusing on (use the two for comparison). Chart #1: 2011-2014 (all time high $1160) Chart #2: 2015-2017 (all time high $3000) The analysis displayed in front of you is similar to my Siacoin...

LewisGlasgow Updated 

Hello everyone, I hope you all had an excellent trading week! Today's analysis is a follow up from my successful prediction for Siacoin (chart is shown below) before the minor altcoin crash throughout July. After reaching 840 we started a steep decline towards the mid 200's. Now that price has stabilised I'm looking for opportunities to get back in on the...

LewisGlasgow

Another JPY shorting opportunity, it seems to be bat week :) this time we have CAD/JPY on the 4h chart. All-round excellent opportunity with over 1:3 risk to reward. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'm currently short on NZD/JPY.

LewisGlasgow Updated 

Hello traders, here we have NZD/JPY on the daily chart with a potential bearish bat pattern. All-round excellent opportunity with over 1:3 risk to reward. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be looking for additional confirmation before taking the trade!