commonretrace

commonretrace

OMG/BTC is developing a lot of confluent signals right now. First, on the daily: - MACD bullish divergence ushered in a nice rally showing bullish convergence on the follow through - Peak of rally formed X on a potential bearish crab or butterfly harmonic pattern - A and C of harmonic have the potential to form the third rising valley, ushering in the C to D...

commonretrace

Hey gang. People are making mention of the Bearish Divergence on the 4 hour chart. I'd just like to remind everyone that BTC is showing about as much Bullish Divergence as one could ask for on the 3 day chart and even moreso on the weekly. This is on both oscillators. We may retest the PCZ of this Bullish Cypher pattern in the coming day or two, but it...

commonretrace

RSI and MACD bullish divergence on the weekly at the pattern completion zone of a bullish cypher pattern This may not be a "relief rally" and we may not get that bearish Spring/Summer everyone is talking about.

commonretrace

btc bullish divergence at the pcz of a bullish cypher harmonic which is also a critical support/resistance. Backtested 47k after reaction on hourly and 4 hourly, then bullishly engulfed to break the downtrend. insane confluence. Daily bullish engulfing candle close today confirms a retest of 55-60k range. then, ath.

commonretrace

I've heard a lot of traders saying there's no help on the daily for BTC... Is this NOT a bullish cypher pattern showing massive divergence on x and d while bouncing off the RSI range bottom or WHAT?!

commonretrace

Maybe a bullish gartley (almost) showing bullish divergence at the pattern completion zone which is also a historical resistance now acting as support...

commonretrace

I've spent probably over 300 hours in the last couple months digesting technical analysis on BTC. Whether it's Bulkowski patterns, price harmonics, divergence, simple support/resistance, fibonacci targets - it all ends up being wishy washy, inconsistent, and difficult to actually do anything with. Recently, I randomly decided to draw Bitcoin in a channel - a...

commonretrace

Hey Mitch, can you tell me if I'm doing this right? BTC on Coinbase daily shows Bearish Crab from January 15th to February 8th. Rising Wedge, resistance from January 19th touching X to B on the crab, support starting from C on the Crab january 28th. 4 hour chart shows Bearish Butterfly from February 14th to February 16th near the Apex of the wedge. Potential...

commonretrace

Hey Mitch, can you tell me if I'm doing this right? BTC on Coinbase daily shows Bearish Crab from January 15th to February 8th. Rising Wedge, resistance from January 19th touching X to B on the crab, support starting from C on the Crab january 28th. 4 hour chart shows Bearish Butterfly from February 14th to February 16th near the Apex of the wedge. Potential...