Just another FTR chart. (for the record)
You can watch this with me throughout the day or until it breaks in either direction.
The previous post is the video that gives it more context if you're curious.
Yet another potential scallop.
Seems to be a scallop and wedge with some divergences showing up on the 1hr.
If it holds true, it could take a while to break, regardless of direction.
I did find some divergences of the bullish variety, so we will see how those play out.
I will publish this chart so you can watch it at your leisure.
ENGUSD has formed a large descending scallop
once price reaches horizontal levels and the scallop has completed price can rise sharply
this is a nice entry point as you can see the scallop has nearly completed
I am long Enigma ENGUSD
This is not a financial advice, do your own research please. The BTC/USDT chart shows two inverted J pattern in previous circle. If the chart keeps up with the inverted and ascending scallop, then BTC should hit $44700. This same pattern can be found in the 30 minutes chart as well as on other time intervals.
You should DYOR before taking on trade.
In this idea I toy with some cycles and with a very basic chart pattern. This is a perfect specimen of an ascending scallop. Measurements are to soft exits to insure exit. One might say a pyramid style scale in with an inverted scale out would be the best way to utilize these targets to see max profits. This is a good example of the trades that I drop for my...
Obviously if 44.8k floor breaks we are interested in supports associated with the epic and historic bull run this month i.e. the 50% and 67% retraces. Also watch the big volume prices that often stress out traders centered on 34.5k approx.
But what a thing of beauty, You'd be inclined not to ignore the long opportunity up to 72.2k currently presented.
In this idea we see Nexo is falling to support and will start climbing in January. This is confluent with my chart of Bitcoin where Bitcoin will fall into a consolidation region approx January 14th. once Bitcoin has stabilized we will enter a 1-3 month alt season. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains.
We are have completed a Minor set of Descending scallops and now should see a trend reversal into a set of Minor Ascending scallops. These two Minor sets will complete the Sub Major Ascending scallop. Currently we are creating the rounded bottom of the Sub Major Ascending scallop.
This move is correlating well with the impending XRP snapshot for the Flare...
Pair of scallops.
This is not a forecast just an observation.
Right now I am concerned about the disconnect crypto seems to have from SPX and others.
Everything seems to be bullish in the crypto world (well, mostly)
Its hard to call what this disconnect will lead to.
However im just expressing my thoughts, of course.
This is a idea based on the fractal I believe we are within. This will be a bearish scenario where the right side of the scallop fails to exceed the last highs. This idea will be invalidated if the PA exceeds the left side highs of the scallop. Only time will tell what moves Bitcoin makes here, but volume was lacking as we entered this consolidation region. Even...
This is a clean scallop which at a minimum should regain a 65% of the overall heights the price action fell from given time. Targets are marked for take profit levels where pullbacks should take place. Green line marks safe buy in point.
XMRUSDT is testing the ascending scallop.
If the price will break the parabola and break the daily support According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...