As usual, projected an XA fib extension from the PRZ to project future resistance based on the pattern.
Along with with having using the BTCUSDSHORTS and BTCUSDLONGS charts as indicators of the BTCUSD chart(using trend lines, fib retracements, and common indicators on them), often giving me a very good idea of when price was about to reverse when signs weren't exactly showing on the BTCUSD chart itself. Trend lines on the indicators themselves, no matter what the...
I've been going on for months about BTCUSDLONGS vs. BTCUSDSHORTS, so I decided to see what I can find in those charts now that I have some knowledge of harmonic patterns. I just wanted to find even more confirmation of the bull trend I've anticipating and believe has officially picked back up as of about 24 hours ago.
A lot of the harmonic patterns that I've been finding end up playing out pretty well so I figured this one was worth a shot. Common targets at A, B, and C with and the aggressive targets based on an XA+D fib extensions highlighted with red rectangles. EOS has also met a long-term trend line and the area I labelled as my "optimal accumulation zone" a few months...
Given BTC's recent bullish movement I suspect most alts are finally about to see some sustained positive action. The fibonacci extension to the right is the length of XA starting from point D in order to determine common targets beyond the obvious A, B, and C points. 1.27, 1.618, 2.27, 2.618, etc for more aggressive targets based on this pattern.
Just posting this real quick as another bullish indicator for the market to show someone in the TV chat room. Note: someone in the chat said "absolutely not" so I'll have to look this over to be sure of it, as I'm still a noob to harmonic patterns and I'm not sure if he was saying that simply because he's bearish or because the pattern is not valid.
As with most of my holdings, I've been waiting for quite some time on this one. I found this pattern shortly after it reached the PRZ but had been too lazy to make my chart presentable and publish it until now. It's clearly dealing with very significant resistance right now provided by confluence with the long-term fibonacci retracement and the medium-term...
As with PINK, the Gartley pattern we found with PIVX hit the stop-loss levels for those trades, but I was able to find near-perfect butterfly patterns in both cases after adjusting primarly just the X and D points of the Gartley patterns. Bitcoin -3.42% has hit a somewhat signficant 1.27 extension level, and I'm still hopeful of a triple bottom playing out based...
This is a pretty decent "bat" pattern, I believe. On the USD chart at bittrex, PIVX has recently bounced off of a 1.13 extension of a long-term impulse leg that started at the beginning of the year(and finally crossed back above $2). The lower it went, the more bullish I got. BTCUSDSHORTS and BTCUSDLONGS have been playing out as I've been expecting and the price...
I'm still long on EOS in the long-term, but very short-term and possibly medium term bearish. The bottom of the potential butterfly pattern would form a medium-term double bottom if price reverses at point D. The green zone is my "ideal accumulation zone" from past analysis linked to in "related ideas" - an zone I suspect is quite possible after the hype of the...
Based on the success of Netflix, this one could be huge. It's a crypto though... always be careful... set a stop a bit below point D for a pretty decent risk:reward ratio. Conservative targets: B and C Aggressive targets: A and red zones
I found this yesterday and posted it on twitter and steemit. I'm a little late updating tradingview, but here it is. The bullish bat pattern failed yesterday and we're left with an equally bullish butterfly pattern instead.
Not much more to say here. This is all over the market.
I was apparently in a bit of a rush when I made the original chart, forgot to move the fibonacci extension of XA up to D.
After pointing out the pattern on twitter, I was asked where I see it going. I wasn't able to find much online as far as common targets for the butterfly pattern, other than points A and C. I used a common technique often used with other harmonic patterns to map out other significant resistance zones(drew a fib extension from point X to A, back down to X, then...
On a quick mission to find another bullish indicator for the crypto market, I went looking for more patterns that I haven't learned yet, and almost immediately found that we may have just completed a near-perfect bat pattern, which also might conveniently qualify as a triple bottom. At the very least, it falls on a significant trend line as well(bright green) and...
Once again, as soon as we learned a new pattern, we(@iDC_INC on twitter, @idcinc on steemit) were able to find it immediately in the bitcoin chart. It's not perfect, as the AB leg briefly goes a little lower than it would have ideally, but it's pretty damn close. This is just to serve as extra confirmation of the bull trend we've been anticipating, and that seems...
Not much more to say, really. I've gone on and on about this one on twitter, steemit, and tradingview for over a year. Edit: Actually, I always forget to indicate where my theoretical stop-losses would be, I think because I've been HODLING almost everything for far too long, just watching and waiting for last year's intended short-term trades to finally play out....