TradingNomadic

TradingNomadic

Bullish divergence on both bottoms here on BNB, and youve also got bullish divergence locally. Bullish Dragon/Bearish Bat Wouldnt be wierd to see a confirmation low locally if we see some downside but setting up real nice here for a nice move up to the .886

TradingNomadic Updated 

Should we hold our new lows here on Bitcoin, i would look at this as not only further validation of accumulation and a likely continuation of this bullish trend, but its also our smaller Bullish Bat formation completing giving us a Type 2 return on the Bullish Gartley. Ive got levels marked all the way up to 100k only because i do think these are valid levels...

TradingNomadic Updated 

It looks like we are trying to put in a bottom at one of our targeted zones, at least for now. Not much of a bottom fisher myself, but this would be the .886 retracement of the entire move here, and the 1.13 extension of the shark. This is also confluent with the 1.618 extension on this most recent ABC corrective wave down inside of the larger impulsive 1.113...

TradingNomadic Updated 

Bitcoin still respecting the lower trend here, and if we can confirm our low, id start looking for a continuation to our 48 and 51,500 target. Tough to find confidence in the markets with all of the outside antagonists to volatility, but im still bullish on a continuation here until we invalidate the wave structure. I have presented a few other confluences with...

TradingNomadic

BAT starting to diverge as well here on the 6HR at the .886 of the Bullish Shark here. The sharks max extension is the 1.13, so it may be best to wait for a confirmation low on this one as well, but things seem to be shaping up real nice for a lot of Alt coins.

TradingNomadic

LINK starting to diverge here on the 6HR after hitting the 88.6% retracement on of the Bullish Shark. We have not confirmed a bottom yet, and the HOP level could still be in play for a strategic shake out, and spring in typical wyckoff fashion. If we do get that move lower, id be looking for the likes of 12.50 which is the 1.618 extension of the initial corrective...

TradingNomadic Updated 

Bullishly engulfing here with RSI breakout out on the 6HR as we enter the bullish control zone. Bitcoin has managed to hold its 45 degree trend here which keeps the bullish trend intact, with a golden cross as well. Ideally youd want to see the 200 heading upward as well but the context is right as we are above both and have backtested with confirmation. We've...

TradingNomadic Updated 

Given the current climate in the market and the tension with Russia and Ukraine, youll want to wait for a confirmation of a bottom and reversal here, or perhaps begin building a position slowly. We have officially hit the measured move of the Double top, and the PCZ of the bullish bat at a historical inflection point. Now perhaps that isnt enough just yet to...

TradingNomadic Updated 

Loving the progress on Kadena here. Correcting a little bit with the rest of the market but still above 8.30 which is very bullish to me. A nice check back and confirmation of support would be the signal for me that more upside is to come. Im looking at the bigger wave structure here, and it looks to me like we've got the beginning of a bearish cypher forming,...

TradingNomadic

We have been here before! Straight up, straight down! Same trade as last time folks.

TradingNomadic Updated 

We identified this before the cypher hit the .786, i think we may be hitting a short term top here for now, but theres still some time left in the session so its hard to be sure. I just wanted to breakdown the move up, and how i am seeing things. Id love to hear some input.

TradingNomadic Updated 

Of course its a little too early to call out a full 88% retracement off our lows but we are testing, and currently holding above critical levels historically. If we do hold this level, we could have opened the door to 58 or 66k eventually, but im looking at that 52k level first. It would be confluent with the 50% return of the Bullish Shark chart i had posted...

TradingNomadic

We've only made it to the 1.13 so far, and at that point the (C)-(D) leg was too shallow to be a shark , leading me to believe we could see another move down to the 1.27. I do like the confluence there, but if we get some legs here and break back above the inflection, id consider that a failed downthrust, double bottom reversal if can manage a higher high locally...

TradingNomadic

The more i look at these daily charts, the more bullish i get toward crypto. While we could fail this bottom range entirely, this is as low risk as you get, with great potential for upside. You have 2 bearish shark / double bottom patterns. The target for the Bat is going to be the .886 minimum, but considering the double bottom nature of these patterns, you could...

TradingNomadic

Really nice structure here on Loopring, but we have only seen a reaction so far. You really want to see a second test of the lows for confirmation, preferably with a higher low which would give traders the implication of accumulation. Again, this would be contingent on BTC making a bullish advancement, however if we see further correction and this structure holds...

TradingNomadic

Caught some divergence here on the RSI at the 1.272. While the Cypher can go as low as 1.414 on (C), the divergence could imply the bottom is in for now. So long as we hold above this inflection, historically we would likely be headed to 23-25. Bitcoin is the key to all things alt coin right now. I am expecting a correction of some kind from bitcoin, as outlined...

TradingNomadic Updated 

Without a higher high this would confirm distribution for me. Id be looking for a pull back, and if we get a nice reaction at the .886 retracement, id be confident in the completion of this Bearish Bat, even if it meant a lower high and continuation of an ABC to the 1.272 retracement below the current range. This wouldnt be ideal, and would prolong this kangaroo...

TradingNomadic

If we manage to hold this zone, its likely we will retest 40500. A failure there the first time could be strategic, giving us a chance to confirm the low, or reject it. Hard to be confident in anything with the Fed doing their dance tommorow. Historically we usually give that 29-30900 zone a test, perhaps we were not able to reach it but i think a rejection at the...