MarketObserverK

MarketObserverK

In the previous bull market, BNB also experienced an upward trend. However, it seems prudent to be cautious from now on. This is because there is a possibility of a transition from a bullish trend to a bearish trend. If we take a look at a longer-term chart, we can see a harmonic bearish bat pattern. We can check if there's a good risk-reward setup on...

MarketObserverK

We can see a huge bullish Harmonic bat pattern that formed from the 2020 lows to the 2021 highs to the 2022 lows. On July 13, 2023, the first target price(0.382) was reached. Now we can look forward to the secondary price target(0.618). If we look at a longer chart, we can see that a huge triangle pattern is forming. We can expect a breakout in the near future.

MarketObserverK

I accidentally only posted this idea on twitter and not on TradingView. The Wyckoff Accumulation Schematic #1 is visible on the Bitcoin dominance chart. Also, take a look at the harmonic patterns. Recently, since the bearish bat harmonic pattern have been completed, there may be some adjustments. For now, I will keep an eye on whether it breaks through the...

MarketObserverK Updated 

After US OIL testing its ATH 0.886 point, non-trending zigzag moving may come out, but energy has a slow moving vehicle character. This recent 0.886 high point also took about 14 years. Making plans, trading plans with knowing where the long-term trend of the market is heading to by analyzing the chart with the market conditions will help us making successful...