TradingNomadic

TradingNomadic

BITO, the futures ETF for Bitcoin, is potentially putting in a double bottom here similar to how BTC is forming. Whether you want to reference a wyckoff schematic, the Bullish Shark pattern with a type 2 in place, or the elliot wave structure on the corrective move from the peak, weve also got a few nice drives of Bullish divergence on the RSI as well as on the...

TradingNomadic Updated 

Just a thought here using the bullish break from the 2017 bear market added on to the end portion of the 3 Peaks Domed House pattern we have been watching since back in December. There is a lot of confluence between both the fractal, and the structure of both bear markets, although last year we got the higher high expanded flat correction that brought us to 69k...

TradingNomadic

This is the deep crab / Bullish shark pattern i referenced in my previous chart. Youve got the completed shark with a type 2, which in itself would be the type 2 of the Deep crab. Youve also broken the supply the line coming off our last high, and backtested it so far, as support. You could look at the shark, as the feet of a Bullish dragon, and breaking that...

TradingNomadic

This is a reference to my higher time frame chart (attached) with the Bullish Shark Type 2. This double bottoming structure here is a break down of the reaction low, and reversal low of the type 2. A few things i would like to point out, a harmonic trader would likely look at this structure as a Bearish Cypher, which would target the upper end of the range here...

TradingNomadic

Such a great specimen combining an entire market cycle into one chart. 3 peaks Domed House - Distribution / Reaccumulation / Upthrust double top The entire market cycle also forms a nice Bullish cypher before the return up to where we are now. Clear accumulation beneath our inflection zone, adam & eve style double bottom BTC finished this 3 peaks domed house...

TradingNomadic

BTC has put in the type 2 low here, giving us a nice double bottom at support. Locally on lower time frames, youve also got a nice adam and eve style accumulation/higher low double bottom. To confirm the Double bottom / Dragon pattern, we would need to break above 22400 If we can get back above 20k itd make me feel a little more confident in a move up from...

TradingNomadic

Fed day is upon us, and will ultimately decide our fate here more than likely. We are potentially putting in a major bottom here after backtesting the 2017 peak as support so far. I do wonder if we are going to revist that wick low on a closing basis, and it wouldnt really invalidate the structure here, but i would much rather see the higher low on a closing...

TradingNomadic

Fed day is upon us, and will ultimately decide our fate here more than likely. We are potentially putting in a major bottom here after backtesting the 2017 peak as support so far. I do wonder if we are going to revist that wick low on a closing basis, and it wouldnt really invalidate the structure here, but i would much rather see the higher low on a closing...

TradingNomadic

With AI day coming up, its important to keep Tesla in mind. We have broken back above resistance after a partial decline here on the 3 day chart. You want to see the local highs broken as well for further confirmation but Historical price action correlation suggests 371 next. Its always straight up, straight down. Beyond that i would consider 397 a relevant...

TradingNomadic Updated 

BTC possibly drawing a nice 3 drives pattern. We broke below out closing high from November 25, 2020 and now we have bullishly engulfed back above it and might be setting up a nice 3bar play, bullish continuation candle stick pattern. Too early to be sure but we HAVE put in another drive of bullish divergence on both the RSI and MACD (not pictured) and a...

TradingNomadic Updated 

ETC attempting to break out of the broadening wedge as it tests the Bullish control zone once again on the RSI. If we can hold above 40, historically we will try to go test that zone around 76, or if we really get going, the 1.618 and .886 sits around $130. It really depends on Bitcoin in the end but with the merge coming up, and the general nature of POW...

TradingNomadic

We've got Bullish divergence here on both the MFI and the STOCH, just above support there after putting in a higher low again on the weekly. My bias is to the uside until invalidated. I would not be surprised to see an attempt at the lows one more time before a move to the upside. Volatility is very low right now and that would surely liven things up a little bit...

TradingNomadic

Nice bullish shark here on the weekly. We've broken out of the downtrend with bullish divergence on the MACD and RSI both, after being oversold at support Looking for that 18$ mark eventually but it looks like we may have some overhead around 14.47.

TradingNomadic

BLNK bullish divergence starting to play out here on the weekly after a textbook bullish gartley harmonic. Historically we could over 100% upside just looking at price action correlation between these levels here

TradingNomadic

No real divergence here on the weekly chart but a real nice harmonic formation. Possibly setting for a dragon style double bottom. Generally you would expect to see an 886 to 1.13 extension from the lows on this type of setup. but id personally take it level by level considering the sector.

TradingNomadic

Real nice Livermore cylinder here on ETHE. with Bullish divergence on a weekly time scale

TradingNomadic

I wouldve really loved to see this come down to the .886 but it seems to be holding a very critical level for now, with triple hidden bullish divergence as the RSI begins to break above the moving average.

TradingNomadic

Real nice weekly Gartley here with Bullish divergence above historically critical zones.