Is this the Wyckoff Pattern or something else? Whatever i see i saw often in the Bitcoin chart that there is for a specific time a recurring pattern. And it gets smaller and smaller. Than big again... What i am talking about are fractals. I dont know if i see it because it is my trading style and i see other traders trading like me. Or are that the algos?? Idk....
No sleep for me tonight - and I'll be feeding on popcorn and beer! 🤣😂 Maybe a pizza or two. 🍕🍕
The set up here looks like a good short coming up. (Note the brutal disclaimers).
1. There is big trouble with Chinatown all over the world. Something about China banning shares on some American exchange - or something like that. The Dragon Index took a nose dive, and...
A Fundamentally and technically backed up trading decision is presented on the above chart.
Trade management is crucial in trading success.
Take profit levels are labelled green.
Have a great day!
Interesting how the charts follow a very eerily similar pattern. Probably a good explanation for this in fractal/chaos theory, but I don't know enough to dig in. I marked critical points with purple lines. Will today's outcome predict the next few weeks? Constructive criticism appreciated.
These trades can be entered in advance as Stop entry trades, where you cancel whichever trade does not trigger.
1. Go LONG above 1.1241 + Spread - ONLY if entry triggers above the red moving average (between the blue and green moving averages). Otherwise do not take this Long trade. Stop Loss 30 PIPs.
Reasons as follows:
a. Price bouncing up off lower diagonal...
Oh well - only about 5000 points of a massive drop in just over 1 week. People are asking, " Has the bubble popped? ".
I go into this in some detail. I think we're at the start of the POP.
This thing is serious though.
I'd like to hear from others if they think this is going back up and to the moon.
I review some of the potential moves on DJI and probabilities (not predictions) ahead. Importantly price has violently punched down through a daily investor zone. The weekly and daily time frames create probabilities for the south on lower time frames. This is both an opportunity and risk. Have a look and get ready.
Disclaimer : As usual if you lose your own...
This is an update on Gold with a new curve showing probability broadly for the north. See my previous video on a smaller curve.
The Theory of Curves is based on exploiting patterns in Chaos. Read up on Chaos Theory. The markets are pure chaos so it is every proper trader's business to know about it.
At this point markets have priced in the support for a Brexit extension of at least one-quarter. The votes today and tomorrow are unlikely to affect EURGBP significantly.
We are still tracking the same break to the upside that we have been for the past few weeks. There is a chance of a small move lower here with the headline on the extension of A50, however,...
Hello there, from my word. all analysis is opinion. some times we lose some time we win.
my analysis for finding momentum. so far time 13/8-23:00 till 15/8-00:00. price market consistent grow to rectracement level 38.20% .this place nice to make pending sell below 38.20%,
or how about price go to 23.60%? it same like 38.2%. unless. price at $6600 above...
This is a nice movement upwards for ETH, BUT if you look at a daily chart it is just a minor move, that might be part of a higher high. On top of that it was made when bitcoin was making a all time high. So will ETH move higher, or will it go home and cry into a bucket of ice cream? I will leave the more technical analysis to the actual Pro's. This is just my...
This is another basic Elliott Impulse Wave pattern applied to a long-term long trade idea for Gold. This analysis is very similar to my Siacoin Elliott Wave idea but applied to a different asset class, so I've linked that idea in case you want to check that out and compare the two. This chart is over a 15+ year period and should be treated as a long-term...
This chart is a little confusing at first.
Each colored pair of lines represent each correction. If you draw Fibonacci retracement between the pairs, the black pair is the first, green the second and blue third. Each correction only makes it to the 38.2 line of the previous correction. The red pair marks a possible scenario for a fourth correction, with the...