Bitcoin ending diagonal can lead into altseason,
• Ending diagonal is usually characterized by overlapping wave 1 and 4 and also by the wedge shape. However, overlap between wave 1 and 4 is not a condition and it may or may not happen
• The subdivision of an ending diagonal is either 3-3-3-3-3 or 5-3-5-3-5.
Roses are red
Violets are blue
You should be taking profit
I have but have you?
There were so many different buying opportunities outlined on the chart here going back into late December and early January but it has run and we're starting to create a very large ending diagonal. It's best to take profit on any position that may be open on ROSEUSDT. I do not...
price at supply zone and i seen a ending diagonal -Wedge
i think its good zone for sell with a good risk to reward ratio
RR 1:12
dont risk more than 3% of your capital
dont forget like and comment below
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Price action and chart pattern trading
> Local falling wedge ending triangle pattern within a global falling flag corrective ABC.
> Trade setup - entry @ falling wedge breakout downtrend line wave ii and iv.
> 1st target 0.786 - 1.0 upper resistance flag - upside +20%
> Stoploss @ the lowest falling wedge position zone - downside -10%
> Risk reward ratio: 2:1...
Hi trader,
please see above my current idea on AUDUSD for a good long swing opportunity.
My idea is based on my Elliot Wave knowledge and the fact that we are seeing here an ending diagonal, which would now lead to a 50-61.8% retrace for wave 2.
For further informations see below.
RT
As you see, I think thin one is in wave 5 with a ending diagonal form. I think after a little upward move, it collapses to form wave 4 from higher degree. Be careful!
4 pushes followed by a sharp momentum against & consolidation near that bottom of the range. Looks like a very well anti setup to me. Market is still strong, but I do like my chances for a short on a further breakdown.
Potential entry: 18.45 - 18.3.
Potential stop loss: 18.75 - 19.
Trade management: take at least 75% of position off at 1R.
I don't think this is *THE TOP* but it is *A TOP*. Bitcoin has historically always returned to the 21 Weekly EMA before making a push higher, and we have not done that since the 10k breakout last year. Working theory is that this is a rising wedge/ending diagonal which is corroborated by the declining volume and volatility alongside bearish RSI divergence on the...
After seeing the lowest values from 2015 and a rare increase since yesterday, today we expect the increase to continue.
Here are some of the reasons for this expectation:
1. We have a break in the downward trendline.
2. On the daily chart we have several reversal candles.
3. The price fails to make clear lower bottoms.
4. Weekly repulsion.
Like and comment how...
In today’s marketinsights video recording, I talk about SPX and DXY .
SPX keeps hitting fresh highs despite Fed's message to keep rates on hold until 2020. Trade wars do seem to be influencing flows more than anything else right now? Whatever the case, sharp upside and overbought hints to exhaustion!
The DXY's recent upside though should be watched closely. It's...
Current vix setup is a rehash of previous times and is in line with my count on the spx that i posted a few days ago.
We may be days away from another market dive or a vix spike.
In today's #marketinsights video recording I analyse EURUSD and USDJPY!
Euro, dragged lower by the reinstation of the QE programme, was able to reverse post-ECB losses on the back of:
- Limited rate cut compared to markets expectations (only 10 basis points)
- Draghi's call on governments for fiscal stimulus (supporting EA economies?)
- Widening yield...
Bitcoin is sporting a classic ending triangle ABCDE to complete its B wave. Watch for a fast move down end of this month / early sept to confirm start of C wave down.
