During the day a new pattern, that is considered bearish has come into play and possibly marking a high, a diamond-top. Also taking into consideration, that we have developed a bearish ascending wedge, it becomes more likely that we have seen a local high now. Possible targets for this are not $8k .... those are $10.7 and $10k, where we would have to look at the...
CHFJPY Measured Objective 107.627
We hava two chart, Broardening wedge and Ascending wedge. Diamond Formation www.forexstrategieswork.com The diamond pattern is a rare pattern but when it occurs you can expect price reversal on the horizon. This is usually formed at the top end of the rally and as the name suggests the consolidation leads to a diamond shape pattern. Broadening Formation or...
BTC is reaching a key point of support and Fibonacci level. A significant bounce would be expected at the end of Wave C and Wave 5 anywhere between $9 - $9.1K (1.272%) After that counter-rally it will be time to re-evaluate to see if the major correction is over, or if this is just a breather before further down side. ($7K-8K range) A 40% total correction is down...
This big surge over 10k is starting to form a broadening topping pattern that suggests that once the support is broken BTC will either correct downwards to test the 10k mark once more, or at the very least start to consolidate for a bit. That being said we are still inside the pattern and we could have another retest of that resistance at about 11k. What do you...
Rising broadening wedge - Breakdown - retest.. Technically NOW is exactly the textbook short entry on this huge ass months long pattern, is it not??
Poor bulls.. I feel so bad for anybody who tried to catch these breakouts and waited for an actually substantial dead cat bounce with any kind of high leverage.. over and over again bitcoin has conformed to a broadening falling wedge that calls for a breakout, but instead of giving the bulls any kind of substantial dead cat bounce to trade, bitcoin was so bearish...
CADJPY - Wait for the breakout Read more...
We are with rather bigfoot steps approaching our leadline of bearish broadening wedge. Last nights close below monthly pivot, below the current daily trendline AND below the neckline of the w-top pattern is shipping us into deep waters. If this diagonal leadline get´s broken with volume we will go into further correcture. Overall first target 8,9k and 8k...
Good morning everyone, I have been asked to label the important upcoming resistances and supports with a price tag. As you know me I am working with breakout-levels, PivotPoints and 3 SMAs. Here we go, please still keep an eye on the hidden bullish divergence on 3D that will be hopefully close bullish today to produce further upwards potential, as it did in the...
I will leave this chart fairly uncommented, it should be very clear what happens, if we start a move up, or will close below the monthly Pivot Level on 3D. Everyone should know how to figure out targets and what happens if they are either met or failed. Pivot´s and Divergences (also Volume) are three of my seven favourite indicators that I have melted into a tool,...
I am back with updates. Bitcoin once again is within a quite important range (between Monthly and weekly PivotPoint, yellow and red), and also already once failed a breakout attempt. Tendency from here would be simply more down then up, knowing that this is not really tradable right now, due to the fact we all know Bitcoin has alot of surprising potential....
Measured Move 197.1 Pips | Measured Objective 134.838 | GBPJPY | Broadening Wedge | Risk Multiple 6.84
OANDA:EURJPY , FX:EURJPY , FOREXCOM:EURJPY , SAXO:EURJPY Trade Idea Intraday, and we are between bespoke support and resistance 122.17-123.20. The selloff has posted an exhaustion count on the intraday chart. Levels close to the 78.6% pullback level of 120.68 found buyers. Price action has formed an expanding wedge formation. The medium term bias remains...
The new monthly Pivot failed for now, which means the broadening wedge support comes nearer, keep a good eye on that, simply cause a breakdown can cause a major selloff. Area of big stop losses is within reach now. Always set stops, dyor, no financial advice.
Hi everyone! Before we get started, take a second to hit the like and follow button to get updates on this chart! This is a follow up on the original LTCUSD idea published last week. At that time the 12H and 1D bollinger bands squeeze failed and Litecoin sold off. Clearly, on the bigger picture Litecoin has been swinging back and forth within a large broadening...
Different technical analytic methods come to different conclusions. In my case there are a couple of reasons, why we have found resistance specifically here and why I think, we will likely be still volatile, but not break it up further before July: 1. Target 2 (Pivot R3) was hit AND yearly R1 2. Upper trendline of broadening wedge was reached 3. BTC extremely...
Bitcoin is just hitting not only Target 2, also the broadening wedge upper trendline and nearly spiking to monthly R3. Without making any assumptions on further progress, this is nevertheless a wild ride on a market dominance of 67% still on the rise pointin g out it´s not yet time for altcoins. Even if we will find some sort of stabilization here, it doesn´t mean...