Hi wait for end of 2 and take long for a big 3 wave!
Maybe bulls powerful era is coming !
There is a potential golden opportunity for a very good LONG position in BTC. Price is in a dense area for completing corrective waves after a sharp ascent. the ascending moves are more powerful than descending moves which means bulls are more strong than bears. 9000-9500 area is a support zone. Wait for btc to break resistance line and exit this dense zone....
everything is obvious in the chart, Take long position based on cup and handle and then close it near short area in the chart and take then short position at 106.7 _ 106.8 point. main tp is 106.1and if the chart could break support line of channel, it could reach to 105.4.
BTC is working according to patterns which was identified previously,BAT and Gartley! Descending in short term by BAT and ascending in mid term by Gartley. you can see that analyse in this link: this post will be updated later.
As we had expected, the strong 12300-12600 resistance area worked good and stopped chart ascending move . First targets of Gartley pattern is reached and rest of them are valid yet. chart can meet 10300 where it is the first target of a bearish BAT pattern and a support cluster area near middle of channel. There is an alternative extreme condition the last...
I expected a bullish gartley pattern in 1170 area, but it seems we have a Bullish CRAB near 1120-1125 zone. It is near a strong cluster area and is compatible with 0-5 final target . More riskier people can buy at 1140 area that is bottom of descending channel. TP: 1st: 1180 2nd: 1260 sL: price fix below 1110
price: 1170-1185 tp: 1240 sl: 1150 future opf eurusd is bullish.
if EURUSD creates a bullish candle that closes obove 1225, the bearish channel is breaked and we can have a buy from 1225 to 1250 at first step. candles must sit on top of channel and we must be sure that we have just a pullback , not a fake break and falling. finally if chart goes upper from 1230, a ab=cd pattern with 1250 D point will be formed.
If you saw my previous analysis, you know that my sell signal was at 1225-1215 based on a bearish butterfly pattern, now that signal is near its final target. link: Now you can take long position based on a reciprocal ab=cd pattern in the 1170-1180 area sl: 1155 tp: 1205 note this is riskier than a sell signal at top of the descending channel because our...
targets: 1200 and 1170 Sl: 1245 Sell: 1225-1215
A bearish gartley pattern is forming in EURUSD. Note that there is a resistance trend line near 1240 and a strong cluster area in 1250-1265 that make the pattern more probable. sell point: 1240-1225 targets: fist: 1200 and then 1160 stop loss: 1265
After a positive divergence was appeared in the bottom of descending channel in BTC, a Bullish Gartley pattern created and chart started to move up. Targets of this pattern are: 11600 (which is met) 14200 and finally 15400. Note that l, there is a strong resistance cluster area near the top pf the channel in the 12300-12600 area that can make BTC bullish rally...
After a bearish AB=CD pattern, it is expected EURUSD to have an ascending move from support cluster area at 1.1030-1.1050 where RSI and MACD show divergence . Especially a Bullish SHARK pattern is forming with D point at 1.1030-1040 area. If this pattern is confirmed, EURUSD can reach to 1.1180-1.1200 area again. Stop loss must be set at 1.1028 point...