Ripple Triangle, I'm only taking the short for this because it is bearish sentiment on the daily and my ema's still say downtrend on the daily.
Even though BTC is going up, the minor cryptos haven't really changed
If we get a break, I'm looking to enter off the retest at the point of control (blue line) this is where the big money is sitting. They are the ones...
From the swing high of wave 2 measure to the swing low of wave 3. The .618 fib for that move lines up at 1.12200.
ALSO, if you look at the volume on the right side of the chart, the most volume occurred at 1.1216 or so. The poc of control can also act as a form of resistance.
And lastly, we have the bearish trend line that starts from the head running through...
Setup Reasoning, this trade is aggressive but I'll take these odds. Knowing bitcoin it's going to hit take profit in like 20 minutes and never come back lol
-W Pattern on break ( double bottom shark )
-Reacted off the buy zone
Entry& Stop Reasoning,
I'm looking for this shark to become a bullish 5-0
Sp 500 Short
-Bearish ABCD Completion
-Bearish Shark inside of it
-1 Hr Uptrend already looks extended
-Bearish Divergence on the Daily
-Volume dropping on the daily
Market is telling me to sell.
Aggressive- Sell Limit @ 3026 (Shark Completion 1.13)
Conservative- Wait for price to cross the Ema and break trendline...
Bullish Shark Setup:
Daily and 1Hour Bullish
-reaction off of the daily bullish trendline
-price cleared previous support, which should become support again
Aggressive- Limit order at 72.46
Conservative- Buy a bullish harmonic on the 1-5 minute timeframe if we get a pullback
-Today's largest amount of volume occurred at...
-Daily Stochastic, macd, and rsi oversold
-This harmonic has divergence on the daily as well between X and D
-We are approaching STRONG Support rejections from earlier this year
-Bullish Crab pattern complete
The market says 'buy me"
Aggressive: Limit order at .11185
Conservative: Wait for ema's to cross (settings are listed...
-Bearish trendline break
-Ema's crossover bullish
Where to buy:
I'm looking for a bullish signal around 1.24563
Something like divergence between the two lows, and a harmonic will do.
Stop Loss Region: Below the red .786 low.
Take Profit: 1.2600 but be mindful of the 1.2575 area, it might be hard to clear.
-Bullish Trendline Break
This is just a setup at the moment,
No entry trigger yet, I want to see a bat pattern complete on this pullback at a .886 retrace with divergence between X and D
-82.00 has had strong reactions (Support)
-We have two swing lows with bullish divergence
-We are approaching a bullish trendline (Support)
-We have a bullish bat pattern
Take Profit Reasoning:
-1.27 Extension of the bat pattern
-Strong resistance on the daily
Aggressive Buy - Put limit order at 82.02
Conservative Buy- Wait for orange...
If you look at this pair on an hourly or 4hr chart you'll see we are in a steady uptrend. I do believe the trend is starting to get weaker. Usually at the end of a trend there is a big climactic move before it reverses. I'm looking to buy potentially that climactic move up here before the buying pressure really slows down and we get a potential drop.
I like the...
The last month has been a heavy downtrend for GBPUSD. Be it seems that right around 1.2480 Buyers were heavily stepping in, this was a price of heavy institutional buying activity in the past (monthly chart) which is why I am looking for more buying activity to occur in this region. You can see that price has really slowed down from a sellers perspective, it has...
BTC vs. USD
I hope everyone has had a good week trading so far. As you can see we are looking at Bitcoin vs. Dollar on a 4HR Chart. This could be a really BIG setup. The most important thing to look at is the ABCD pattern that is 1-month in size. I have labeled each part of the pattern A,B,C,D.
Why is this important? Well.. ABCD patterns are known "corrective"...
Need More data, this has a lot more qualifications to meet before an entry is triggered, but it is matching criteria right now
Long story short, I'm looking to the buyers to step in again at the red zone and push us up for an ABCD/ Bearish Gartley
If we get strong close above .87895 then I will be looking to buy, and buy, and buy, and keep buying lol.
I believe the CD (if this plays out) will look a little different, I wouldn't be surprised if price tests the bullish trendline again,
as long as that stays in tact I'll be looking to buy, all the way up to the first red line,
we also have a wedge shape...