The Bitcoin Pattern aka
THE CORN PATTERN Have you noticed something familiar, or repeating but couldn't quite figure out exactly what was happening. Truth be told,, The Pattern that's programed in .
We could use this pattern to predict Bitcoin's next move potentially. Don't forget to inverse it, it does that too...
Equities took a dive last week from the Covid related catalyst, meanwhile I'm bullish and still green on agriculture and CORN calls.
I'm long JAN 23 calls up +17% . I'm looking for a run to $26 in the coming months. Will trim along the way. Stop loss break even.
I'm also long DBA calls (agriculture fund).
ZC/ Corn Futures has been rejecting current level for the past few days. A couple months ago it completed a bearish bat pattern in where price reacted nicely and is currently retesting the area. Shorts/ Reversal is expected from this area.
The number of Total Supply is very low, the situation is very good, I believe that it will exceed the $1000 level very soon. I am observing that there is a property burnt community token. Because as the number of holders increases and they continue to receive high ath, the trend shows that it will exceed 1000 dollars in a very short time.
I will buy corn futurese higher 540$, because this is very strong level and above this price everybody who sell from this level will close their short possision ("bears" will lose money higher this price) and all bulls start open their long possision so it should give us some impuls.Stopp loss not more than 2 $ and TP minimum 6 $.Good luck :)
Hello my beauties.
I think the price of Corn is on its way to complete an accumulation phase. If the price breaches above the red trading range and successfully retests, I will enter a long position before the markup.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me...
The season has begun - seems like corn has bottomed, broken the downward correction, and is now beginning to overcome the different MAs.
According to the seasonality, we should see the high in corn around June-July next year. I expect therefore at least the reaching of the former high at 3.15 EUR.
But you should of course take a deeper look at the underlying...
The last time we had a perfect storm situation to buy grains, we had a monster rally in both corn and beans. We are now in a similar situation, with the recent surge in Nat Gas affecting fertilizer prices. Weather in Brazil is problematic and China is struggling to produce grains locally...We are once again nearing a situation where reward to risk for buying into...
Near complete triangle in Dec Corn with measured blue line resistance at $574 and wave E. Waves B & D are key triggers with confirmation for the pattern. Black line $497'2 forms symmetry and is a level to watch on a pattern break.
corn looks pretty ripe for a nice little reversal
saw a clean 5 waves down into Wave (A) to the 0.382 algo target, and is currently trying to poke out of the downtrend it's been in.
i do believe that this mean reversion begins in the days ahead for the Wave (B) swing to the 0.618.
Wave B target = 642
Wave C target = 423
DBC commodity index, Commodity prices have stalled but should continue higher as mother nature continues to go haywire interfering with the growth of crops. with a lower yield and ever increasing demand producer prices must raise to accommodate for the hardships therefor that price increase should become reflected on the index price as well.