On USDJPY we have a completed bearish Gartley harmonic pattern with an AB=CD pattern inside.
Aggressive traders can take a short position now with generous stop loss.
Conservative traders can wait for reversal sign such as double top or break of trend line followed by 0.618 retracement of break leg then take short (as illustrated).
Take 1/2 profit at first...
Nice short set up here..
Large triangle has broken and retest has formed a double top which is also 0.618 retracement of break leg. Double top has also been rejected by MA(89). Double top neckline has broken so wait for retest to short. Target based on previous strong structure.
Here's my take on an ideal path for BTCUSD in the near future!
We've finally broken out of the parallel channel with a successful retest so bullish momentum is likely to pick up as long as the head and shoulders neckline breaks with a successful retest.
We're holding above the MA(10) and MA(20) very well - this is a strong sign we're heading...
I've been watching this setup for quite some time now and it's finally coming together with a beautiful crab harmonic.
MA (10) has just crossed over MA (20) upwards and price is holding above both.
I suggest waiting for current daily candle close - if it closes above the pink neckline and both MA's, take it long and come back to the screen in a week
- Shark and butterfly harmonics overlapping with overlapping potential reversal zones
- Stochastic RSI showing overbought for a long time so price will drop soon
- On confirmation by a reversal pattern at the PRZ's, aim for the target which is a 61.8 of both harmonics. This is a high probability target considering it is the same for both patterns.
- Huge incomplete head & shoulders pattern. Price is heading to neckline
- Break of pink head & shoulders neckline
- MACD beginning higher highs + lows sequence
- 61.8 Bat target passed so price is heading to 127.2 target
- Pullback of impulse leg on DAILY chart seems to be reversing to continue bullish trend
- Pullback reached 61.8 and has...
Here's a long trade I'm about to take on GBPCAD. I recommend waiting for current DAILY candle to close above resistance of ascending wedge formation and then placing a buy position with the suggested SL and TP.
I'll update if anything changes - Happy trading!
**Don't take trades based purely on my ideas shared with you; I'm just providing an idea for people...
Hi, this is one of my current trades for Bitcoin. I really should have posted this a while ago so you could have got in at this perfect time as well, sorry guys! Oh well, here it is anyway.
As you can see, I bought in at 88.6% of CD off the completed bullish deep crab harmonic pattern after seeing a bullish continuation candlestick pattern.
My T1 (target 1) is...
I believe Ripple is about to go very long. On the 4H chart (left), we can see that we’ve started an up trend and on the 1H chart (right), we can see that the bullish movement is going to continue. We’re currently facing an ascending triangle formation but price has just broken above the triangle's resistance line and I’m waiting to see if it can stay...
I bet everyone’s happy again – I’m pleased to say that I’m 95% sure that the correction is over.
I’ve done some analysis on what I think is a nice rollover for Ethereum and outlined some of the things which have lead me to strongly believe this.
So, let’s get buying again and hopefully we’ll enjoy another rally.
I'll update when I...
I’m very interested in Litecoin (and you should be too) at this moment in time because, unlike the other crypto’s, it seems to have passed its bottom and finally broken the neckline of the repeating head and shoulders formation we’re seeing on all the charts. As well as breaking the neckline and passing its bottom, it’s also broken the most major...
Here I have outlined the factors in the current market of Ripple. As you all know, it’s a tricky situation now because there aren’t many obvious signs of either direction following through completely as usual for consolidation, but I’ve done the best I can at making you aware of what’s driving us bullish or bearish and what’s standing in the way....
In this analysis I have outlined some major points of analysis for Ethereum. I have plotted a Gartley harmonic pattern upon the chart which seems to fit perfectly. Those of you who are familiar with this pattern will know that this could mean we have finally reached the end of the bearish trend.
I have also made clear some important resistance...
Here is an analysis of a possible reversal taking place for Bitcoin, which we all know could result in a reversal for pretty much all the other major coins and alt coins.
I've explained using notations on the chart directly as I believe this is most effective at getting my point across easily rather than you having to keep scrolling up and down...
Here is my main prediction for the next stage of Bitcoin. I feel at this point this is the most likely forecast, in my opinion.
Hope my ideas help people gather a better idea of what could happen!
I'll update when I have gathered enough extra data for anything to change or for me to support my prediction further.
**Don't take trades based purely on...
Hi fellow traders,
This is a strong possibility for Ethereum in my opinion. I'm not yet fully convinced this current bullish state will continue as we haven't even taken out any previous lows so far.
This idea is completely short biased analysis to predict a potential continuation of the bearish move.
I will publish a long biased prediction sometime soon,...