I am little lazy and my drawings sux, but I have painted the awesome colorful lines to show what i see in BTC price action.
Just to show you, that it is repeating its pattern. for the 4rth or 5th time in the history.
Okay, who left their algo running on repeat?
The yellow pattern is a literal copy/paste of the blue pattern, and it fits over the recent price movement almost exactly.
Dear Shepard, please lead me to my MoonLambo :D
(just a fun observation)
will bit coin move same as last time it reached 50400?
what i see is that it reached 50400 target then drop to 49300 area, showed that its stabilizing then trapped more people and dropped like hell.
same thing happened now, it reached 50400 then dropped to 49300 area and showing that its consolidating?
the question is will it drop again and trap bulls?
Probably the same scenario as 2017/2018 will be repeated
big support 18k ,similar big support 2018 ---3k
The start of cycle will be in 03 or 04/2023
mania phase will be after halving 2024
top cycle 2024 will be 500k to 700k
nasdaq is making a couple tradeable patterns, but all of the action is happening on the lower time frames for me so it's kind of hard to make sense of it on the higher time frames. This is more of a lesson than trading advice. Just some things to looks for when trying to make sense of price movement.
Short and sweet, DOGE is attempting to enter a new zone.
It may get rejected like last time if it does enter since the trend is eerily similar, it may not.
I''ll make an explanation about the boxes and trends later but for now
let's see what happens! and goodnight
I was looking at the BTCUSD chart earlier and I noticed a similarity between the last 2 big moves. You can see each part on the chart.
I took the bars pattern tool and applied it to the first bottom and the last bottom. I then scaled it to match the size of the most recent move and overlayed it and... it fits pretty well. And look where it ends? Right on the...
07/08 VS 21, looks pretty much indentical, and if there is something about charts it is that they almost always repeat themselves over and over again, we've seen it numerous times, and its how i myself even trade on a daily basis. Now you may be wondering why? Well let me tell you, chart patterns work by representing the market's supply and demand. This causes the...
In this chart a highlighted some of the repeating patterns (those with the same color). They are very similar and could be used to predict some price action in a short term (blue colored price cart at the end, taken from a January 2021).
I am not a financial advisor so don't buy anything a say. Have a good one.
Please note the repeating pattern occurring after yearly highs of 2018, 2019 and 2021. Each creates a small resistance prior to new yearly high, followed by a retracement back to the small pre spike resistance.
GOLD is starting to repeat a pattern from November.
We had a drop from 1965 to 1850 then over then next week the market could only rally to the 382 then drop from there to complete the larger ABCD pattern.
Are we seeing history repeat here?
This latest move started from 1960 to the 1817 level. We are now seeing the same retracement Gartley pattern to the 382....
Hello everyone, this is no investing advice as I am no trader by any means.
It appears to me that a combination of apparent bearish and bulish head and shoulders patterns is forming on BTC/EUR (and BTC/USD) .
If finalized this will look like a magnified version of the already formed pattern and will result in a modification of the trend line...