LewisGlasgow

LewisGlasgow P Updated 

A long-awaited and overdue piece of analysis, my current view of the BTC bull market. These techniques are how I was able to gauge a market top in the previous cycle, you'll find the analysis from Dec 2017 linked to this idea. Although countless mistakes have been made throughout the years, like everyone else, I believe this piece of analysis will be beneficial...

LewisGlasgow P Updated 

Afternoon traders, I'm bringing you a quick update on BTC on the 1h chart. Price structure is similar to the previous correction so I expect a pullback to the 50% retracement short term followed by an 8% decline to close off the week. Enjoy your weekend!

LewisGlasgow P Updated 

What's up folks, I've not shared any analysis publicly in some time so I would like to share a short term view on BTC where I see a 5-7% decline near term. Trading Pair: BTC/USD Time Frame: 1 Hour Chart Formation: Bearish AB=CD Magent Move Once we see a close below $33,820 it's likely we will see a re-test followed by a decline to the region of $31,700 where it...

LewisGlasgow P Updated 

Excellent swing trading opportunity just formed on EUR/AUD. Trading Pair: EUR/CAD Time Frame: 4 Hour Chart Formation: Bullish AB=CD MM Price has fully tested the potential reversal zone, I'm currently waiting on the next candle close before entering which looks like it'll be a hammer or doji. I'll be closely monitoring the progress of price and RSI.

LewisGlasgow P Updated 

Price has fully tested the potential reversal zone of the bearish AB=CD and it looks good to short. Trading Pair: CAD/CHF Time Frame: 15 Minute Chart Formation: Bearish AB=CD I was holding off until I saw a test of the 2.0 projection at 0.73485, which happened just moments ago. The main reason being is because of the small S/R range at the AB=CD measurement,...

LewisGlasgow P

What's going on traders, I hope you're all doing well. I've been quiet on socials for a while but I'll be putting out more analysis regularly for those interested in what I'm currently trading. Trading Pair: NZD/CAD Time Frame: 4 Hour Chart Formation: Bullish AB=CD The AB=CD completion is slightly beyond the 2.0 projection at 0.8500, this is where I will...

LewisGlasgow P Updated 

Commodities peaking my interest this week, we've got a textbook bat pattern on the 4h chart for Natural Gas that's in the final stages of the CD leg. The measurements for a valid bat pattern are detailed below. XA Retracement: 0.382 - 0.50 AB Retracement: 0.382 - 0.886 BC Projection: 1.618 - 2.618 XA Retracement: 0.886 There's a butterfly pattern on the 1h...

LewisGlasgow P Updated 

EUR/AUD is almost ready to go! Bearish BAMM setup has formed on the 4h chart, providing a trading opportunity with a 1:2.33 risk to reward. BAMM trading setups rely on a valid bat pattern, you'll find the relevant measurements below. XA Retracement: 0.382 - 0.50 AB Retracement: 0.382 - 0.886 BC Projection: 1.618 - 2.618 XA Retracement: 0.886 The time...

LewisGlasgow P

GBP/USD is currently forming a bullish bat pattern on the 4h chart, providing a trading opportunity with a 1:2.24 risk to reward. The measurements for a valid bat pattern are detailed below. XA Retracement: 0.382 - 0.50 AB Retracement: 0.382 - 0.886 BC Projection: 1.618 - 2.618 XA Retracement: 0.886 All 3 measurements form within a close proximity in the...

LewisGlasgow P

What's going on traders, I hope you've all had an excellent weekend. Today I'm bringing you a trading setup that I've been watching unfold over the last few days, and now things are starting to fall into place as price has just re-tested the previously broken support at $10,310. If you're a long time follower of my ideas you'll know that the majority of my...

LewisGlasgow P Updated 

Traders, I believe you will like the facts put forward in today's analysis on the weekly chart for bitcoin, it's a simplistic overview of what I see happening right now. My main focus is the comparison between the current and previous bear market, there are a lot of similarities between both cycles that we can use to our advantage. Firstly I'd like to talk about...

LewisGlasgow P

What's going on everyone, I hope you all had a great weekend! Today I'd like to provide a short-term technical outlook on Binance Coin (BNB/USD). BNB/USD is in the final stages of forming a bullish gartley 886 formation on the 1h chart, providing a trading opportunity with a 1:2.5 risk to reward. The measurements for a valid gartley 886 are detailed below. B:...

LewisGlasgow P

Quick post ahead of market open, I'm looking at EUR/USD on the 4h chart with a potential bullish AB=CD setup completing at 1.10440. Structure looks great, once price tests the PRZ we will be able to gauge further price action. As always I will keep you posted on the patterns progress and if the trade is executed! Enjoy the rest of your Sunday :)

LewisGlasgow P

Litecoin has now confirmed the potential reversal zone for the bearish bat on the daily timeframe, I've been monitoring the progress of this setup for several weeks and watched the C to D leg materialise. This opportunity is purely based on technical measurements and the reasoning for a market correction is perfectly logical. Let's quickly review the previous...

LewisGlasgow P

Traders, today we have XAU/USD on the daily chart with a valid bearish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 XA Retracement: 0.886 Price has yet to confirm the PRZ which consists of a 1.618 AB=CD, 2.618/3.14 BC and 0.886 XA retracement. Once the final 0.886 measurement...

LewisGlasgow P

USD/JPY is currently forming a bearish deep crab pattern on the 4h chart, providing a trading opportunity with a 1:2.6 risk to reward. The measurements for a valid deep crab are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.0 - 3.618 X to D: 1.618 Keep this on the watch list! Price has just confirmed the PRZ. Thank you for your support everyone :)

LewisGlasgow P Updated 

Traders, today we have AUD/NZD on the 15m chart with a valid bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 XA Retracement: 0.886 Price has yet to confirm the PRZ which consists of a 1.618 AB=CD, 2.24 BC and 0.886 XA retracement as the final ratio. Once the final 0.886...

LewisGlasgow P

The FTSE 100 is shaping up nicely on the 4h chart, I'm expecting this bullish 5-0 formation to complete within the next few weeks at the 50% retracement level. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 We will be trading with a stop loss below the 0.618 retracement level at 7240. If we execute the...