There has been multiple M and W patterns formed within this range for the past few weeks. I'm fairly new to Crypto so besides market cap and big news, I don't know exactly how many factors affect BTC.D But I do know, Alts suffer when Dominance appreciates. -Currently there is a Gartley Pattern printed. However, In my opinion, this is no mans land to trade right...
Bat formation printed on AAVE finding support around 405. There was quite a pullback in the Alt world today, with BTC.D looking to appreciate a bit more. Most pairs I look at are spiking off of support levels so I'm not entirely certain what market conditions will hold. Best thing to do is....nothing. If Aave shows me some convincing PA, I'm willing to take a...
Only reasons for entry are because of price's continuous respect of the TL, also I had a previous W pattern form and complete coincidentally on the TL as well. Of course there is a lot of liquidity beneath the TL which indicates that a spike can stop me out. However this is the risk I will be willing to take on this trade.
After that crazy run today, it's really no telling what happens next. however, at the 3 points on the TL, I will be looking at PA in order to determine if I want to buy or not. Price does not necessarily have to make it to the TL but just react from the different levels. I would however love if price would make it to the TL then react. To the left is a...
Just posting for record. However, Synthetix has printed a gartley pattern near the trendline and on the 61.8% fib. Expecting price to either make it to the TP then look to retest the TL again, consolidate to the TL or continue upwards to form a cypher and complete the W Reversal pattern.
Entered a buy after price completed a Gartley Pattern outside the broken TL and strong support. Looking for price to complete either a Cypher or another Gartley. Will be looking to take profits at the Midline since that will be the closest area of resistance, leaving some money on the table but peace of mind, which is priceless.
Started to analyze a few cryptos including ADA with purely TA, and I've been managed to anticipate the last 5 swings. Plan on going live for this retest and possible long.
GJ is currently still on an impressive impulse, which has extended a full cycle. I have two trend lines along with the last area of resistance marked on my chart, however if price does decide to depreciate it can do so and find support on any of the previous Fib levels. There will be some big news this week for the GBP so we may even see the start of a small...
CADCHF is approaching the well respected trendline yet again along with an area of former support/resistance . This seems like an easy trade, however, the last 3 touches were quite easy as well. Anything too good to be true probably is. While I will be looking for the short, I am prepared for price to go long. There will be important news coming out of Canada in...
Price has currently printed a Gartley Pattern. To the left a larger similar pattern was formed with price retracing to the midpoint of the M. I'm looking to take advantage of the same thing happening again, however, I'd like to see some decrease in momentum before I enter. There is also possibility for price to continue downwards toward the red area, and even...
We currently have a bearish wedge. Price is expected to drop, but may Elon makes a tweet. Let me hear your thoughts and analyses.
I made this post so that myself, along with other traders trying to step into the Crypto world can have a better idea and some insight to what lies ahead. If you can drop some your thoughts on tokens, the Alt coins and also a few sites like Defi, Coin Gecko and 1inch, it would be appreciated. Trading the lesser known coins obviously are obviously high risk, but...
As Im typing this Im missing the move... Looking for an entry on a pull back now.
NZDCAD is now giving us the opportunity for a nice long position. Not too much reasons why I think this will be a good trade. However, the D1/W1 shows a retest of the broken channel however in my view from the monthly it didn't pull back so I'm expecting a big short to come soon from a 1M point of view. Open to other opinions.
Price has been in an ascending channel for quite some time, notably respecting two upward areas of support. What happens next is dependent on happens with the USD. Of course price doesn't have to respect these areas, however looking at recent price action, there is a high probability of this happening. What could this indicate about DXY? Idk, I just be reacting,...
Previous Analysis linked below. Price came back down to retest the zone and the TL that was broken and found strong resistance. A crab pattern was also formed on the touch of the zone. Check out my earlier analysis in the comment section to see my view of it.
We've all been there. Got filled into an impulse trade last night and was waiting for an exit strategy. However, it seems that I just might be in luck. After USDCAD broke out from the sideways movement, price settled on a former area of support. Price broke through the -0.272 area with a lot of momentum and started to reject the -0.618 level. There is currently...
-3 Harmonic Patterns -Break of TL --> Retest -COT Report recently showed a decline in net positions, also a massive amount of shorts added. Fundamentally, Im short...technically I like the long set up, but time will tell as the week goes on. What are your thoughts?