Bullish divergence here on the 1.13 rejection giving us the second low that make up the "Feet".
The 1.13 rejection also gives us incite into possible retracement levels, as it could imply we will form the CD wave of the Bearish Shark next, giving us a .886 return.
The .382 would be your "Hump" and ultimately the door that takes you to the .886-1.13 extension
Bullish divergence forming here at the .786 of the Bullish Gartley at a critical zone for GBTC.
No real volume signature to confirm just yet, but volatility is expanding with the ADX signal moving upward in a weakening bear trend.
STOCH rsi crossing over as well.
Ive been watching a lot of the BTC sympathy stocks and many are painting a similar picture here.
Posted this one the other day, but wanted to follow up.
Clear impulsive wave down with a 1.13 Bullish shark to reverse momentum.
Reaction and confirmation low, with clear accumulation and a bullish engulfing candle on the 4HR here.
ADX & OBV bullishly diverging
Expanding volatility with a clear upside direction.
RSI nearing the control zone with the money...
XLM giving us the confirmation low of the larger Bullish Shark here with a 1.13 rejection at the PCZ.
The smaller Gartley reached the .886 and engulfed nicely as most time scales are diverging bullishly.
The whole market looks primed for much, much higher prices after Powell spoke today
DXY is topping out and beginning distribution which is confluent with the...
Pair of lower highs here and a double top after a nice run up to the 1.272 on the Bullish dragon breakout!
(Inverted of course)
The idea here is Bitcoin (Inverted) does not look like an asset id be going long on, infact, it looks like a great asset to short.
This is a nice exercise to do when evaluating your bias.
I wouldnt be surprised to get another go at...
It would be really powerful for SPY to pivot here, and confirm a double bottom. This is surely thinking against the heard at the moment, but if the DXY gets a strong rejection, youre going to see the markets rally because of their valuation against the dollar.
A pivot here would give us a nice drive of divergence on the higher low with a lower relative strength....
We already have an open trade on Bitcoin, but i wanted to post another way of interpreting the pattern we are forming here
Our 4HR bullish dragon trade setup is the ABCD of the Bullish Gartley in this chart
This pair of Gartleys (Bearish, and then Bullish) is confluent with the same levels we are looking at for our other Bitcoin trades and charts.
Attempting to double bottom here after rejecting the bearish 1.13 drive. IF we hold up here, this would be a major signal for me, but without a confirmation, there is still a risk of downside. I really want to see commitment on the bullish side because until then there is always the argument of buyer induction. I like seeing the panic across the market because...
IPOF coming off the completion of the Bullish Cypher with a 3 rising valleys pattern, a clear sign of accumulation with simultaneous higher highs locally. Really need to get back above this inflection zone to confirm but it looks good here.
Back down to support and at the .886 retracement off the local highs with hidden bullish divergence on the RSI. This bullish Shark is also the confirmation low of the larger structure.
Stop losses are just set 3:1 RR, they can be tightened to play the momentum, because ideally you really dont want to see another low, even though the shark could do the 1.13...
We've been seeing this 3 rising valleys a lot across the markets right now. Higher highs, higher lows, implying accumulation. ONT isnt as clear as some but holding above this inflection zone, would put us in a good place to run up to the next level. All of the market is obviously at the mercy of a bullish move from BTC as per usual, however, im in the camp that...
Nice look on the GBTC chart here. 3 rising valleys inside of a this consolidation. This is also an open trade but wanted to post this for perspective in correlation to Bitcoin itself. The RSI is coming up to a downsloping resistance here but rising with volatility and a bullish engulfing candle here on the 2 Week.
This is an open trade setup (The Bullish Gartley Type 2) but we have now formed a 3 rising valleys pattern as we break back above the .236 once again and position ourselves to test resistance.
Clear Hidden divergence here, with Bullish divergence on the 12HR playing out nicely.
LINA attempting to break the supply line here (Spine) of the bullish dragon on the 3D. Now this supply line is subjective, but the structure is there with proper divergence and the bullish engulfing reversal. Locally youve got an inverted head and shoulders pattern forming as well with a neckline at .0315. Set your alerts.
COMP still has some work to do here but its starting to diverge on both the RSI and the MACD. Bullishly engulfing here as well with a possible partial decline. This is the 3D but i do like this time frame for reducing a little bit of the noise from the daily, and a little faster than the weekly. You really want to see COMP back above 180, which would open the door...
Real nice double bottom here on ALGO if it holds up. The confirmation of a breakout would be above the 50% retracement and extend to the 2.0 (100% measured move). This would the type of wave structure youd see in the butterfly, with close to a .786 retracement on B, and an XD extension of 1.27-1.618. I used CD to target the 2.0 extension of the measured move but i...
NOVA attempting to backtest a historical resistance as support at the pattern completion zone of the Bullish Gartley. Easy 100% upside if we hold this zone as support. This is a solar play, and a long term hold. It would be reasonable to expect this sector to do well in the current climate of the world.
We've started trading the smaller dragon on the lower time frames, but really watching this Bullish Bat , at both Trend and Support after an 88.6% retrace. If we cant hold 40 ,700, i wouldnt be surprised to see a liquidity grab to the lows before a strong move up. 17 billion in shorts above us, but there are likely some long liquidations below us that would help...