After printing the M/Bat formation, price produced the reversal at least to the 38% level which is expected after a completion of these patterns. However, price is showing strong rejection of this level and we seem to be headed back to the start of this leg. Looking from a smaller TF, we can see the possibility of a bear flag, which could make its way to the...
After completion of the M pattern reversal, price is currently testing the smaller descending channel within the bigger channel after retesting the long term up-trend line. If momentum continues, this could be an early indicator of the possible bull flag to come. Given we break the channel, we will then have to break 408 and 500. I've heard positive news and...
As seen in the chart. Opportunity once there is slowed momentum and an indication of a rejection candle. Because of the correlation between BTC and the Alts, this pattern can be seen on most of them as well...take that as you will. This is not investment advice.
As expected Feb. 23rd proved to be a bloody day. Many of us new to crypto experienced what it really felt like to bleed. However, it seems that we may experience something similar relatively soon. Currently forming is a ascending triangle, however, we are still in the downtrend with price seemingly respecting the TL. With all of the speculations of why BTC and...
I think everything lines up as far as the drop on the 4th, Rise of Gold... Drop on the 17th of DXY, rise of Gold, the rise today...drop Gold... Could this be the key for the new few legs? Which Wedge will rise and which will continue to fall? Let me hear your thoughts.
Price is coming down on an area of strong weekly resistance. This seems like a very obvious trade, and if I was a MM, I would definitely spike some stops. I'll be looking for a possible long after I feel convinced there are enough buyers in the market.
EURAUD is currently in a descending channel. Also printing LL/LH along this smaller trend. Price has printed a Bat Pattern around a strong demand zone. I have two points where I will be looking at price action for possible entries. Inputs on the Bat are: ZigZag - 10 Error Rate - 10% It is possible for price to continue downwards around 1.54000, which will be...
DXY is currently bearish and EURUSD has just broken a key resistance level. I had previous analyses of both symbols possibly appreciating, however it is unlikely that both will. USDCHF is directly inversely correlated with EURUSD, which means that if EURUSD goes up...USDCHF must go down.. Price is currently about to hit the trendline, along with the previous...
Firstly, if your broker doesn't have a decent spread that you think you can work with, forget about this. Price is currently at an area of strong S/R. I see an M formation. Multiple Harmonic Patterns have completed from this area, others well within PRZ. With every trade comes risk, however Exotics provide more risk than usual. But I do think this is a...
However not greatly surprised, the literal exact inverse of what I expected to happen....happened. Price tested the long term uptrend as a result of the drop in BTC and is finding support around 200. Price has found support on the midline of the butterfly formation. Didn't enter on the short, but I will look to catch the long. Check comments for prev . analysis.
In my previous analysis, I suggested that the selling opportunity at the trendline and area of resistance may have been to good to be true and we'd have a possible break out. Currently, the market has broken out of the trend and is about to retest the area, which is also the midline of the overextended W that formed. I will be looking for longs on this retest with...
Looking at the price action, we are currently in a descending channel. However, this is the perfect opportunity for a W formation to form, some may call it a dragon pattern. Obviously there's still a lot of time left for this pattern to form, meaning that anything can happen between now and then. However, if we have a break of this channel, then there will be a...
Price is testing support off of the trendline and also the 78% fib level. In addition to this price has formed a harmonic pattern after the drop to the full retracement level (green zone). Check comments for more.
Price is currently testing the trendline after the big drop, showing buying pressure and it seems that we will close above. I will be looking for another confirmation candle after this reversal candle to look for a trading entry. In my opinion, this is another perfect investing opportunity buying on the TL to accumulate more ETH in your portfolio.
Price has currently showed us a symmetrical triangle with higher lows and lower highs. we've had a break of the triangle and now can monitor price action for an opportunity to continue the trend.
AUDUSD has been on an uptrend for quite some time and now it has finally broken a previous area of resistance which will now become support. I expect price to retest this area, and after I will then be looking for a long opportunity with a target at the Monthly resistance. Previous Analysis linked below.
Price has been moving within this descending channel for quite some time. Price has printed multiple Harmonic Patterns with this one being a Gartley. I'll be looking for a quick "scalp" from the 1D. This M pattern is one of my favorites because it is a reversal pattern that almost always retraces 38%. However I will be looking for a retracement of 50% to meet...