M15, M30, and H1 are overbought
M15, M30, and H1 all have double tops with divergence
Counter trend but patterns on H1 and M30
Stop loss should be 40 pips
1st target is 0.60274
M15, M40, H1, and H4 are overbought
Double top on M15, H1, and H4 with divergence
Counter trend but the is a pattern to buy at 1.1821
Stop loss above 50 pips
Even though this is counter trend M15, M30, H1 and H4 is all overbought
There is a triple top on M15 with divergence
Stop loss should be 50 or more pips away
1st target is 0.96374
There is a pattern on the M15 chart
M15 and M30 are overbought, now waiting for a double top on M15
Stop loss should be above 0.6919
First target is 0.68295
Glencore has held up well and been a decent performer over the recent bear market. However the chart looks like this trend could be about to reverse. Double top here on the daily with a potential head and shoulders pattern forming. Decent R:R ratio.
Bitcoin's 19th million coin was mined recently, increasing the circulating coins proportion to 90% of the total supply. Besides, there is a common pattern known as the rainbow chart which displays the logarithmic regression path bitcoin follows. The cyclical behaviour of the security can be explained by the following facts :
Bitcoin tends to be overall bullish...
✅ Here I expect a bearish price action as we are in a bearish market structure and the price took the BSL (buy side liquidity) and rejected from the daily bearish order block + institutional figure 1.02000.
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2 days ago on Feb 6 I shared an analysis showing BTC is forming a bullish rectangle, now its Feb 8 and it has played out perfectly, it entered my book profit zone perfectly which was a 6-7% swing trade. I hope those that saw my analysis on Feb 6 enter this trade. Will be posting more analysis soon, but I expect BTC to be bearish now.
Trade safely
as other markets are falling in price Cardano seems the only one on surface, still above 50 EMA. I think it may dip somewhat, let's see how it plays out!
I see a similar pattern playing out (the purple pen drawing). I could not zoom in to show the small details that are very similar, but you can see it for yourself on your chart if you care to.
The market got rejected from 0.00009 zone and on the 1 hour time frame is forming an inverted cup and handle pattern. A breakout to the downside is possible for the market to correct up to 61.8% of fib taken on weekly timeframe
After we saw a bullish bat harmonic pattern play out, we saw the price go from 29k to to 53k.
Now we can see a clear bounce from the middle line of the channel.
I do not think this middle line of the channel will hold. Which might lead to a possible downfall to 20k.
Also note that BTC dominance is forming a double bottom, which indicate multiple month of...
