Just joined the beautiful world of Tradingview 2 month ago. Testing out all the tools, I was looking for a solution to identify similar patterns.
Is there any AI solution out there? I couldn't find one, so I tried different stuff. I found this one on the BTC 1H chart.
Soooooo .... if pattern could repeat =)
Spot Gold XAUUSD, current price $1,861, this view is for medium term and not day trading ,bearish engulfing candle, crucial support lies at $1824 ( 61.8% retractment), if broken will see downward slide towards $1,688. There is lot of similarity to the pattern in 2012 when it created top and retracted back more then 38.2%, similar pattern is coming with downward...
MTH/BTC just popped for over 60%, and I think there is a chance DOCK could be next given there similar price action and market structure. Time will tell. Bitcoin can always ruin the party, so keep that in mind. Also, if anyone wants to get a free stock from Robinhood, feel free to sign up using my referral link below. They also offer feeless cryptocurrency trading...
Comparing the ETHUSD bubble pop from this cycle, to the BTC pop from 2013-2015, we can see some interesting similarities.
I don't necessarily believe that this has been the bottom, it is only interesting to note the very similar behavior of those two different timeframes on two different coins.
Market psychology is truly often very similar.
Now, what does this...
Hey there!
DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!
This is just for me to see in some months of time how my idea went!
I have tried to find some similarities between BTCUSD and ETHUSD and have...
