TradingNomadic

TradingNomadic

Beautiful broadening patterns on both the longer scope, and local structure as well. Class C Bullish divergence on the RSI, and trend convergence on the potential double bottom. I would expect UMA to have its day if we do see a dramatic bullish reversal in the general trend of the market. Good stuff

TradingNomadic

I think we will eventually do a full return here on MOVR, but im looking for the 1.618 extension of this impulse up at 280 next. $336 would be the 50% retrace and usually an automatic reaction on the Shark pattern (be cautious of a reversal here as well). 406 would be my level if we do end up doing a full return. id personally look for a pull back, and a...

TradingNomadic

Basic harmonic framework would suggest a minimum of an 88.6% retrace to complete the bearish bat. If we get a broader market move to the upside, id personally be looking for a 1.618, in typical crypto fashion. A pull back would be ideal for entry with a deeper stop, but this is one way to set up here. You could also limit down a bit in small increments and move...

TradingNomadic

Not the most popular idea but ultimately this would roll into the daily bullish shark trade i posted recently. If one was to interpret this as a wyckoff reaccumulation range, we will looking for a 1.618 retracement bringing us back to absorb the remaining supply inside of the selling climax wick and spring back above the last point of support.

TradingNomadic

I mentioned in the previous post that if we hold here id anticipate the same targets. This would be your bull case on the 4HR. Bullish dragon, we have broken the spine, and we are now attempting a backtest. A confirmation here could usher in a dramatic move as well.

TradingNomadic Updated 

Trying to double bottom here. If we break i would be looking for that confirmation low here on the Bullish Shark. I think it would make for a volatile move up. The Composite operator has liquidity trapped in that zone, and generally those wicks will always be revisted.

TradingNomadic

The confirmation of the break out would be support above the "Hump" of the dragon, .886 minimum target

TradingNomadic

I want to remind everyone, we talked on stream about that 50% retrace being the PCZ of a bullish 5-0 and so long as we hold up above this critical level, we are in good shape. I would not rule out the wick being revisited to absorb remaining supply, but we can anticipate that while we are above this zone. If we hold, historically 55500 next, and we do have a gap...

TradingNomadic

Looking good here for a reversal. Double bottom here with hidden bullish divergence on the RSI and OBV. Bullish dragon style reversal that would lead into an 886 extension up to complete a bullish Bat at around 135$ TP targets at the 618 and 886 or corresponding candle close high.

TradingNomadic

The daily is starting to develop the hidden bullish divergence argument here. Referencing the path of Impulse 1, a 50% to 61.8% retrace is expected and seems to be bottoming out. However i do have plotted the 50% retracement of CD which could complete a Bullish 5-0 structure out of the larger Bearish Shark which would be confluent with the 886 of impulse 2 and...

TradingNomadic

One would think we are getting close here. Unless we get a rejection at our targets above the SOS. Id lean towards believing this is the beginning of the next Wave up to our 87k target. 74 I believe will be the first major target above this Wyckoff range.

TradingNomadic

Real nice setup here with bullish divergence on both oscillators. I would not rule out going to the .886 before the reaction, but this is where i would layer in, or wait for the reaction, and confirmation low.

TradingNomadic

Nice developing hidden bullish divergence after a successful backtest of a critical iceline, currently bullishly engulfing

TradingNomadic

We are once again testing the supply line, if we can break outside of it, backtest and then break above the local horizontal resistance (The hump). The tail develops. We've been here before. Remember? Wait for confirmation.

TradingNomadic

Nice divergence and very clear structure. Look left and follow the waves with the composite operator.

TradingNomadic

Bullish Anti-Gartley / Butterfly here on BTC with a reaction low and confirmation low, double bottom. This smaller confirmation is also a bullish shark which furthers my confidence in this pattern. On the 4hr here you also have bullish divergence with hidden bullish divergence on the Daily. Fairly low risk if it breaks.

TradingNomadic

I think 4750 here is going to your minimum which is the 88.6% retracement of the correction which would be confluent with a larger bullish bat. I like the idea of the 1.618 as a final resolution, but its always best to take profits at profit taking levels

TradingNomadic

Clear range. Above a critical iceline as the Bullish gartley shifts momentum back toward the top of the range. Straight up, straight down. Always.