TradingNomadic

TradingNomadic

Critical area here for loopring as we test the support low from summer 2021. Real clear correlation between here at .88, and that would be the expectation if we continue to hold this low. We broke out of the initial supply line coming down, but the secondary one is also being respected as resistance for now, so that would be a sign of strength, should we break...

TradingNomadic

Litecoin testing the highs of the range again here after a partial decline. Targets higher would start at the local 1.618 at 219, with resistance at 273, but the measured move would imply a 100% extension which would take up into about 328. If we were to make new highs here i think youll be looking at 500-700 pretty quick with the 1.618 extension reaching as...

TradingNomadic

Real nice look here on TLT for a wave 1 and 2, forming the bullish cypher at the lows. This is an update to our trade from Oct 23 and a secondary entry here on the 3day, with triple bullish divergence on the weekly. Macro momentum hasnt turned up quite yet, but obviously on the higher time frames thats going to be lagged pretty good. The daily however is just...

TradingNomadic

Looking for a move above the local 618 for confirmation, but the first target would be the top of the range for the Sign of strength. Typically youll see a partial decline of sorts, which would then statistically favor a breakout into extension targets at the 1.618, and the measured move a bit higher. With daily and 3 day volatility still contracting, it could...

TradingNomadic

Nice reaction here after recovering back above support. Overhead resistance at .27 should be an initial target here which would likely take out the supply line as well, with a potential partial decline afterward / retest of the supply line. Targets here would be the 1.618 and 2.0 extensions initially, but more than likely, not where the show stops if we continue...

TradingNomadic

Real nice look on the weekly higher low here. We've broken out of the wedge here, but there is a secondary supply line / creek, that we need to push thru and see a sign of strength come in. This would be achieved with a 1.618 extension and a retest of the neckline here, where you could typically expect a partial decline of sorts or a checkback before breaking...

TradingNomadic

This move up should end with base 3 forming, consolidation high and tight in a range for accumulation before the final extension as wave 5 unravels. A little early to be confident in the full extension, but this would be a real clean example. After Base 3, price doubles, rapidly. in line with our measured move. Charts are a great visual representation of...

TradingNomadic

Seems to be the sign of strength move here on LSE:SYN , with a measured move from the ascending triangle on our daily, that would take you into the top of the range. Typically this is where you would expect a partial decline / consolidation while supply is absorbed. Assuming this is correctly identified, you would expect a second test of the range high which...

TradingNomadic

This is an addition to the ongoing macro trade idea from the spring phase low. This whole structure here, looks to me like one long wyckoff accumulation campaign and Adam / Eve double bottom. This is your sign of strength, and the expectation is to return to the range high, and likely see a partial decline or consolidation once achieved. If i am correct here,...

TradingNomadic

I call it the 3 rising dragons because of the way it bottomed. Dragons, Broadening Bottoms, and 3 rising valleys often present themselves similarly. In this case, the most notable characteristic of price action here is the head, and the 3 rising valleys from the lows, even though, you do have your distinct feet and 786 retracement initially there. .74 cents is...

TradingNomadic

Real nice look here on GREE, a bitcoin mining company. Breaking back thru the low of the range after 3 drives to alongside the lower trend. Bullishly engulfing here on the 3day, first target being the range high at 8.99, then 14, 26, 50, going up the fib extension on the left side. Measured move is 48.66

TradingNomadic

Real clean bullish dragon pattern here on ETH with the daily Bullish engulfing today. Initially looking for the range high target at 2810. This would confirm the double bottom, and the expectations above that would be a 1.618 extension, or as high as the measured move of the double bottom. A break above the upper supply line would then raise the targets to...

TradingNomadic

Retesting the range highs will confirm the partial decline, and signal, statistically, a breakout to new highs is most likely. Ive marked out a few targets on the way, but the resolution of this pattern will likely take out (C) and make new highs. A simple 1.618 extension of the local correction would take you to 63, with the measured move of the double...

TradingNomadic

Real nice example of a bullish dragon setup here on NIO with the first higher low in a while here. A return to the top of the local range from here would confirm the double bottom. Typically youd expect to see a partial decline to come in from there before an attempt to break higher. If the top of the range is tested a second time, itd confirm the partial...

TradingNomadic

Interesting fractal here overlaying BTC at 25k onto the ETH rectangle. While we've been talking about 13k as a possible extension target this cycle, we have now seen an equilibrium between the bear market 1.618 extension, and the local 4.236. Of course the fractal is just a little speculation, it does help illustrate the potential, and seems to align with some...

TradingNomadic

If this fractal were to continue to play out, this is a pivotal moment here for BTC. Bulls stepping in to support the low once again, rejecting the bearish breakdown. Rectangles have a tendency to have false breakouts, and if we can maintain the lows, this is potentially where the next wave up could begin. This, paired with hidden divergence with BITMEX:BVOL ...

TradingNomadic

Real clear lower broadening trend, with 3 drives to the low and what would now be considered the end of the spring phase. This is where you would expect to see a retest of the range low to confirm that the breakdown was rejected, and the range is now being considered support. A lot of overlapping price action on the way back up, but the top of the range is the...

TradingNomadic

Daily swing failure confirmed on the daily here, potentially marking the second bottom. So far we are bullishly engulfing, showing follow thru after the bullish Hammer yesterday. We still have a full day before it closes, but that would be a real good look here for OP. If the low is sustained here, this would give you the beginning stages of a bullish dragon....