After creating maximum confusion the past days, the market eventually completed the ABC correction. So before getting bullish, it's important to remain objective at this point.
I said in bullish and bearish version, this ABC' up was likely to happen, so in other words, it is still bullish AND bearish at this point. We could simply just drop again from these ...
The pair is close to pricing in a technical Higher Low to the 4H Channel Up (RSI = 52.159, ADX = 18.430, Highs/Lows = 0.0000). The pattern indicates that a Higher High will follow close to 1.30500. However we choose to pursue a more moderate TP = 1.3000, which is practically the previous Higher High, as we don't know if this is a 1D (psychological) Resistance or ...
BTC to 1160 USD then a small increase and then 200-400 USD
Explanation of this graph.Bitcoin shows weakness for growth.So I revised my goals for its possible bottom.In global terms, the cryptography market is emerging and what we see is the current decline is only the second wave in the five-wave growth structure.The first ...
Hope this idea will inspire some of you !
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Why consider this chart only as "education"? The answer is very simple, at the moment we do not yet know the corrective structure (ABC) levels, but we only know that the nearest support is around 11,000 and Target around 11.500. That said, the potential setup is very simple: Long on wave (B) breakout and stop loss below wave (c). Unfortunately we can not always ...
We've hit the .786 (0.0351) fib. retrace zone and received several signals that confirm a possible completion of this retrace.
A dragon fly doji with above average volume showed up, plus the RSI is coming out of oversold.
We see the same MA200 working as resistance here, as soon as this black line can be broken, expect our targets to be reached.
All details are ...
Hello everybody, market consolidation continues but ever since this sideways started price has been within some specific pattern which are bullish in nature.
Pattern in view are:
CUP formation with target at 5400$-5600$
Bullish Flag and pole with target at 5100$-5400$
Inverse Head and Shoulder with target same as Bullish flag and pole.
Bullish Oscillating ...
I want to point out a small fractal indication which happened end of December and which is currently on the market. The fractal candles on the Daily chart have marked as green arrows below the candle.
The first one has happened 27. & 28. December and the second one has happened on 13. & 14. January.
Those marked candles are almost identical having only ...
Hi, my name is John.
I work as an accountant. I like numbers and analysis. My hobby is music, concerts and kite surfing.
I like also new technologies.
I am an ordinary guy. I have learned technical analysis from my colleagues on trading view, from courses and books. Within a year I was pretty good at this. I like also new technologies.
On New ...
USDCAD is forming very nice correction we are expecting this correction to breakdown and resume the bearish trend for big fall.
How you can trade on this chart.
1. It is in a 4hr time frame correction which is about to finish watch for that correction to breakdown and go for short.
2. Wait for the the correction to get bigger on daily time ...
It's been proven by science that chart patterns and generally TA DO NOT WORK.The lack of empirical evidence that by trading chart patterns will allow you to forecast future price swings thus making you more profitable is scientifically FALSE. A couple of reasons:
1) Cluster Illusions - this is the brains ability to find patterns in randomly generated ...
No big change after the last update
Btc drop to $3570 then rebounded to $3640
bulls still defends well about these levels $3500/3650
Check the previous update here...
At 4 H frame
Btc Still move below
(SMA 200) at 4H frame $3670
(SMA 50) in daily frame $3750
also, we can see
Shows Ascending triangle
the breakdown this triangle will ...
When everything becomes clear like rock water:
IF (BTC Value == on the Ultimate Bottoms Line) THEN Buy
ELSIF (BTC Value == on the Overbought Line) AND (Prices < All Time High) THEN Sell
LOOP CONDITION (As long as Bitcoin History Repeats Itself)
look I'm not saying this is going to happen. but I do think people should keep in mind that it is possible this looks to me like a parabolic trend and parabolic trends cant go on for ever so just keep an open mind about this .
We’re going to start this price analysis with a look at the hourly (H1) charts:
As one can see in the picture above, the price of Bitcoin has consistently failed to breach the overhead resistance at $3.6k-$3.7k for the last several periods on the hourly resolution.
This has occurred in conjunction with a waning RSI(14) , ...
VetBtc is falling for several months
As you see on the chart, there is Inverse head and shoulders
We have to wait for breakout the neckline
I also see the difference at FxCanli_Volume indicator
Wish you many profit
This pattern I found is really really interesting, it seems that it can help us predict the big trend's starting time. I will keep updating this study case and try to figure out why things happen like this.
This is half fun, half serious. For all of you that plan to live 100+ years like myself (watch Aubrey de Greys theories on life extension and longevity!), this chart is a serious thing to consider, when planning your future home on Mars. Those tickets with SpaceX's spaceship won't be cheap!!!
Also, those life extenstion therapies also won't be cheap. So we ...