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Gold has continued to rally slowly and it's fast approaching the neckline of it's head an shoulders where our first target is located and upon breaking that level we can look for 2nd target at the cypher pattern completion at 1867 and if we get there then we'll analyse the market structure and see what the next move will be
It's advanced pattern season and US oil is on the verge of forming a bat pattern! So we have a bullish market that's come into a bit of consolidation and that is a perfect recipe for a winning advanced pattern so keep your eye out on this one!!
I'm a bit late posting this one but advanced pattern is an art and sometimes that can take time to make it as beautiful as this is!!! Better late than never, right? Stops and targets are all on the chart!
So following yesterday's prediction which you can see below, bitcoin is closing in on the previous structures and i expect some sort of a reversal sometime today! SO let's see what happens, for those that are familiar with midweek reversal we can expect something like that today once we connect with any of those previous structures
It's like you're playing a shooting game and you run out of bullets, what do you do? You take cover, reload and then back into the thick of it! Shiba has used all its bullets and it's exhausted, it will need to take a chill pill and reload before it can continue rising. Potential buy zones are located at the previous contraction zones.
I expect dinner or drinks at least! This is one of the very few structures that are as close to a guarantee as possible and the good thing is the market just showed you exactly how it's going to behave just before forming this structure! Look left, structure leaves clues!
Here we have a potential shark pattern forming on the USDCAD which will complete just above a previous structure support turned resistance. Hopefully you're gonna find this chart useful and also very educative because I've also put the most important Fibonacci ratios needed to identify a valid shark pattern!
Structure, structure, structure!!! Do you have any idea how much the market loves structure?? It's almost like it can never get enough of it and bitcoin looks to be turning back to structure again but this might be the last time it returns to previous structure because after that we can expect the market to resume it's uptrend and break the previous high.
So gold has finally broken a through a trendline and signs are it's heading up and the first stop is likely gonna be at the 127.0% fibonacci extension followed by the previous structure @2073. We will likely get a minor correction before we take off so you still have time to get your orders in!!
XRP is forming an interesting structure and we could finally be on the verge of launching one more rally that will likely break the $2 mark. Here we have bullish corrective structure and a bullish gartley pattern so i do expect to see some kind of a bullishness soon
Now before anybody says anything, I'm bullish on bitcoin......but on a higher time frame and in case you haven't noticed this is a 30m time frame so cool your jets off okay!!! Structure shows bitcoin repeating what it did a few days ago so we can possible expect a move down in the couple days which will likely find support at the next level below.
Do I really need to explain myself?? We have a bearish gartley pattern in a market thats starting to consolidate and do you what happens when you combine advanced pattern with a consolidation?? A match made in heaven
There's always loyalty to some degree when it comes to structure just like in a relationship. Ethereum has built up a good relationship with the resistance level at around 4200 but at some point this relationship will fail, again just like in a real life relationship. The question is, will ethereum end this relationship and move on? Or will it give it one more try?
We have bearish gartley pattern forming on gold and this is going to be a bit risky because i an long on gold on a higher time frame, however, the market has been in consolidation recently. If the consolidation continues then you can expect this gartley pattern to be a winning trade but also bare in mind that the market can finish the consolidation at any time and...
If litecoin is pregnant then you can expect her to give birth to identical twins but I'm talking about structure of course. LTC is on the verge of creating a structure which looks identical to the previous bullish rally and that means another rally is upon us and we can expect LTC to break the previous high it set at 413 back in may 2020 so get your orders in and...
The Planes are getting ready to take off so fasten your seatbelt because this is about to be a long journey. XRP has been consolidating for a while now and that usually means that a big move is imminent and based on the structure of the market, we can expect a bullish move that will very likely break the recent highs at 1.96. So this might be the last chance for...
Bitcoin has set a new all-time high at 67k!! So what now?? Most people will think it's heading to the sky now, right? Those people will probably be right but as technical traders who understand structure then we know that there's something the market usually does before it makes that move! That thing I'm talking about is retracement! 90% of the time a market...