LewisGlasgow

LewisGlasgow Updated 

A long-awaited and overdue piece of analysis, my current view of the BTC bull market. These techniques are how I was able to gauge a market top in the previous cycle, you'll find the analysis from Dec 2017 linked to this idea. Although countless mistakes have been made throughout the years, like everyone else, I believe this piece of analysis will be beneficial...

LewisGlasgow Updated 

Afternoon traders, I'm bringing you a quick update on BTC on the 1h chart. Price structure is similar to the previous correction so I expect a pullback to the 50% retracement short term followed by an 8% decline to close off the week. Enjoy your weekend!

LewisGlasgow Updated 

What's up folks, I've not shared any analysis publicly in some time so I would like to share a short term view on BTC where I see a 5-7% decline near term. Trading Pair: BTC/USD Time Frame: 1 Hour Chart Formation: Bearish AB=CD Magent Move Once we see a close below $33,820 it's likely we will see a re-test followed by a decline to the region of $31,700 where it...

LewisGlasgow Updated 

Excellent swing trading opportunity just formed on EUR/AUD. Trading Pair: EUR/CAD Time Frame: 4 Hour Chart Formation: Bullish AB=CD MM Price has fully tested the potential reversal zone, I'm currently waiting on the next candle close before entering which looks like it'll be a hammer or doji. I'll be closely monitoring the progress of price and RSI.

LewisGlasgow Updated 

Price has fully tested the potential reversal zone of the bearish AB=CD and it looks good to short. Trading Pair: CAD/CHF Time Frame: 15 Minute Chart Formation: Bearish AB=CD I was holding off until I saw a test of the 2.0 projection at 0.73485, which happened just moments ago. The main reason being is because of the small S/R range at the AB=CD measurement,...

LewisGlasgow

What's going on traders, I hope you're all doing well. I've been quiet on socials for a while but I'll be putting out more analysis regularly for those interested in what I'm currently trading. Trading Pair: NZD/CAD Time Frame: 4 Hour Chart Formation: Bullish AB=CD The AB=CD completion is slightly beyond the 2.0 projection at 0.8500, this is where I will...

LewisGlasgow Updated 

Commodities peaking my interest this week, we've got a textbook bat pattern on the 4h chart for Natural Gas that's in the final stages of the CD leg. The measurements for a valid bat pattern are detailed below. XA Retracement: 0.382 - 0.50 AB Retracement: 0.382 - 0.886 BC Projection: 1.618 - 2.618 XA Retracement: 0.886 There's a butterfly pattern on the 1h...

LewisGlasgow Updated 

EUR/AUD is almost ready to go! Bearish BAMM setup has formed on the 4h chart, providing a trading opportunity with a 1:2.33 risk to reward. BAMM trading setups rely on a valid bat pattern, you'll find the relevant measurements below. XA Retracement: 0.382 - 0.50 AB Retracement: 0.382 - 0.886 BC Projection: 1.618 - 2.618 XA Retracement: 0.886 The time...

LewisGlasgow

GBP/USD is currently forming a bullish bat pattern on the 4h chart, providing a trading opportunity with a 1:2.24 risk to reward. The measurements for a valid bat pattern are detailed below. XA Retracement: 0.382 - 0.50 AB Retracement: 0.382 - 0.886 BC Projection: 1.618 - 2.618 XA Retracement: 0.886 All 3 measurements form within a close proximity in the...

LewisGlasgow

What's going on traders, I hope you've all had an excellent weekend. Today I'm bringing you a trading setup that I've been watching unfold over the last few days, and now things are starting to fall into place as price has just re-tested the previously broken support at $10,310. If you're a long time follower of my ideas you'll know that the majority of my...

LewisGlasgow Updated 

Traders, I believe you will like the facts put forward in today's analysis on the weekly chart for bitcoin, it's a simplistic overview of what I see happening right now. My main focus is the comparison between the current and previous bear market, there are a lot of similarities between both cycles that we can use to our advantage. Firstly I'd like to talk about...

LewisGlasgow

What's going on everyone, I hope you all had a great weekend! Today I'd like to provide a short-term technical outlook on Binance Coin (BNB/USD). BNB/USD is in the final stages of forming a bullish gartley 886 formation on the 1h chart, providing a trading opportunity with a 1:2.5 risk to reward. The measurements for a valid gartley 886 are detailed below. B:...

LewisGlasgow

Quick post ahead of market open, I'm looking at EUR/USD on the 4h chart with a potential bullish AB=CD setup completing at 1.10440. Structure looks great, once price tests the PRZ we will be able to gauge further price action. As always I will keep you posted on the patterns progress and if the trade is executed! Enjoy the rest of your Sunday :)

LewisGlasgow

Litecoin has now confirmed the potential reversal zone for the bearish bat on the daily timeframe, I've been monitoring the progress of this setup for several weeks and watched the C to D leg materialise. This opportunity is purely based on technical measurements and the reasoning for a market correction is perfectly logical. Let's quickly review the previous...

LewisGlasgow

Traders, today we have XAU/USD on the daily chart with a valid bearish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 XA Retracement: 0.886 Price has yet to confirm the PRZ which consists of a 1.618 AB=CD, 2.618/3.14 BC and 0.886 XA retracement. Once the final 0.886 measurement...

LewisGlasgow

USD/JPY is currently forming a bearish deep crab pattern on the 4h chart, providing a trading opportunity with a 1:2.6 risk to reward. The measurements for a valid deep crab are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.0 - 3.618 X to D: 1.618 Keep this on the watch list! Price has just confirmed the PRZ. Thank you for your support everyone :)

LewisGlasgow Updated 

Traders, today we have AUD/NZD on the 15m chart with a valid bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 XA Retracement: 0.886 Price has yet to confirm the PRZ which consists of a 1.618 AB=CD, 2.24 BC and 0.886 XA retracement as the final ratio. Once the final 0.886...

LewisGlasgow

The FTSE 100 is shaping up nicely on the 4h chart, I'm expecting this bullish 5-0 formation to complete within the next few weeks at the 50% retracement level. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 We will be trading with a stop loss below the 0.618 retracement level at 7240. If we execute the...