TradingNomadic

TradingNomadic

Looks like we have completed the Sign of strength phase, and the back up. This is where the real expansion starts after leaving the accumulation range. Looking left we can see we are above critical resistance, and historically, its straight up and down from here to target 3 with likely consolidation under the 2.618 Looking at the entire structure here as a...

TradingNomadic

Real nice Falling wedge here on REL, with a local Broadening bottom. We are currently breaking above the range low, and would want to see a checkback to confirm support, but above this level, we're looking for .02, and then likely an extension into .027 ish at the local 1618. From there, the major target is going to be the 618 at .044-.-05, and ultimately the...

TradingNomadic

Beautiful structure here, with a similar position as TROVE. Coming out of the deviation / spring low, and we would need to see a recovery of .004 as support to complete the test phase. After that would be the sign of strength, with expectations of a move into 009 and then 013, which is where we would expect the partial decline to come into play if it plays out....

TradingNomadic

Exponential growth exhibited on these last few bars here. Id expect this to be the deviation low / spring phase of wyckoff accumulation. We would want to see a recovery of 01, as support which would be your test. If the test is successful, we would look for a powerful third wave into the 618 around 03. Eventually making our way to 05, for the equilibrium of...

TradingNomadic

Nice macro bottom structure here on FIRO. Holding this lower zone here, historically will take you to 2.90-4.36 first. Im personally targeting the local extension at 6.52 just shy of the 618, however, the measured move of the larger double bottom here would take you thru the range high at 9, and likely into that 12.63-15 zone. An extension of last julys...

TradingNomadic

Looks like RVN is about to make its move here. Holding above .0201 is critical, with the first target from here at 0242, with a measured move at 0437. Eventually, id expect to see resolution all the way into the .0664-.0726 zone (confluent with the log 618) if this were to play out like CKB, and a lot of other PoW coins.

TradingNomadic

Real nice dragon here on TURT. Adam / eve style double bottom with a measured move up into the 618 retracement, which would also be the first target of the dragon. From here id love to see a checkback of 0147, before moving away from the lower end of the range here, which would be a confirmation that resistance is now support and offer a good level to lean...

TradingNomadic

Looking for an eventual run to the 618 here on ZEC which is also the measured move of the broadening bottom. Each checkmark along the side is likely going to act as short term resistance, the first being a critical support flip. The second, is the top of the range created with the broadening bottom / downsloping accumulation. To expect a continuation from there,...

TradingNomadic

Real clean double bottom here on SHIB, and a break of the downsloping supply line. First potential target here would be the zone just about the .382, and eventually to the .618, but as always taking it level by level. For context, transactions in the Shibarium ecosystem are up 4000% recently including sympathy moves from other assets in the ecosystem like BONE.

TradingNomadic Updated 

Another lower high here on DXY at the 886 retracement. Typically, in the case of an ABC, youd expect to see an eventual 1.618 extension lower. Using the 1985 peak to trough fractal, a move to the 1.272 would mirror that in both price and time, and could be a level we get a pivot, with an eventual move lower to the 1.618 by 2035 using the "When to make money"...

TradingNomadic

Looking for a retest here and recovery of the range low. which would give confidence to our idea of the the spring phase here on the last sweep of the lows We would expect to see strength coming off a successful retest, and price should move next to the last point of supply and toward the top of the range which would be your sign of strength. Its still early...

TradingNomadic

Nice move here on RSS3, attempting to break back into the range. Ultimately youd like to see a checkback to confirm support and show buyers stepping in at higher prices to support the level. Above here, id look for a retest of .16 and .26 eventually, with .37 being a full return. Commonly youll see these types of patterns break thru levels like .16, over shoot,...

TradingNomadic

NKN seems to be coming out of this rounding supply line here. In the context of an accumulation range, this would be equivalent of "jumping over the creek" If it holds up, id look for a test of the top of the range next at the 382 / 0.16 Above that, historically its a pretty swift move up to .32 and .43 It wouldnt be alarming if we retested the bottom of the...

TradingNomadic

This is a schematic i put together incorporating the different ideologies and methods of trading the Bullish Dragon / Double bottom pattern, and simple Elliot wave theory / Wyckoff method key points. You've got your basic parts of the Dragon. -Head - (top of supply line) -Feet (double bottom) -Spine (supply line) -Hump (Overhead supply / double bottom...

TradingNomadic

Now understand there is a lot of speculation taking place here. A lot of this can be invalidated by simple losing the current low, but the idea is fairly simple and relatively low risk considering we would be at the bottom of an upsloping channel. We have also put in a fairly large double bottom here locally with a measured move of about 63% from here. Step...

TradingNomadic

We have seen our sign of strength here on SYN, and broken outside of the local consolidation. Im not really a flag / pennant guy, but this is typical behavior after the sign of strength. High and tight consolidation, with the expectations of a continuation out of the range there after. At this stage the LPS should remain intact, and it does look like we got a...

TradingNomadic

While we have been watching the ascending triangle and clear signs of classic accumulation locally, there is a bigger story here. The next phase of this wyckoff schematic would be the sign of strength. With the ascending triangle breakout here, id say we are en route. The measured move expectation would be 2.58 with the range high at 2.58. 4.56-6.85 would be...

TradingNomadic

ALGO is trying to reclaim the c19 lows here. This is typically the first sign of the reversal, sweeping the lows, and then rejecting the continuation lower. From here you would expect to retest .23 cents illustrated by the golden bubble, which also shows a correlation between this level and .41 cents, with some chop inbetween. The next range we would want to...