The Double Butt and shoulders pattern.
Hi One and all to my first BTC analysis of 2019. I hope you all had a wonderful new year. Without further ado, BTC. I have removed my IH&S pattern to aid clarity, if you want to you can go back to my previous publication to read what I had to say there about the formation. A word before we continue though, as you will no doubt see BTC slid a little into the...
Hi all, Been absent for a while watching whats been happening. In my last post all those months ago I got caught up in the hype of everything. Now after taking some time away to learn and reflect on it all, im back with a fresh perspective and analysis. A inverse H&S pattern is starting to emerge from the charts. This doesn't by it self indicate a trend...
My current high probability bounce zone is somewhere in the box. I'm using box-entry as an eyes-on trigger. I don't intend to open a long position until I see a wave 1 candidate materialise in that zone (see bottom left for the previous).. Justification for box bounds: (i) Intersection of base and deceleration channels (ii) wave A-B length parity confluence (iii)...
Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! HOW TO TRADE THIS CHART? First like/thumbs up the chart then read below..... This is a plan for GBP users looking at...
Here in orange color we can see a symmetrical triangle.
With 10 touches of this level and the approach towards the end of this choke of the triangle, we are eagerly awaiting a break upside or downside for BTC. We could see a late year end bull run, or even midway through January before anything gets rolling. That is if we break downside FIRST within the last few months of this year.
Viewing the daily BTC GBP chart since the ATH 2017, I noticed a pattern emerging that has ZERO to do with any currently known or observed market/price movement, so I would consider this utterly random , and to be viewed entirely as co-incidental and NOT as any kind of realistic price action. THIS IS NOT TA or any attempt at any meaningful or established TA,...
Some positive action from Bitcoin rasies the market spirit and some of the alts too here is BTC in four of the main trading pairs with fiat been a nice day for scalping, golden crosses about to form CoP indy moves bull mode and 7,500 area would be next bull target looking positive to move up more, will be a slight pullback i expect but nothing to harsh if it...
Pulled back from our bearish decline to around 4300. Broke out of minor resistance at around 4700 and is looking to push up and out. Currently at 5000-5100 area looking for push at least to around 52-5300. More of a long term move is through our zone and to the 61.8% level of the fib.
As you can see the price has respected both support and resistance lines in the past, we will be keeping a close eye on this trade as it could provide a big pip count. Entry, TP and SL will be provided for our clients once the trade becomes valid. If you are interested in joining us then message us.
I predict BTC will move fast, if it does I plan to take profit as swing traders will capitalise the volatility and looking at rejoining the market before the correction, based on my years of experience watching the crypto market in these pullback situations
Just from a basic level of chart viewing, seems to me the short term (1-5 d) top and bottom continually tested... a breakout toward lower is (in my opinion) what charts show BUT i feel that momentum/flock trades and their impact in coming weeks/months influence me to Buy. BEST OF LUCK - To all! PS. My thanks to James Winsoar for his guidance and helpfulness! ...
For the week starting 6th August 2018 Quick overlook of the main crypto fiat pairs (minus KRW) All charts seem to be showing a clear market bottom with the CM Williams Vix Fix giving the green lights, showing market bottoms/reversals price action on both USD and JPY pair have caused the COP indy to go move into bearish sentiment where its still has not moved...