BTC is currently retracing from yesterday's pump. Ideally we want to see it retrace to either the bottom of the previous rising wedge or hook off and go from the top of the symmetrical triangle it broke out of (both areas marked in green). A visit back to the 382 would also be a healthy retracement area. However if BTC retraces further, we will have had a false...
BTC has broken north out of its symmetrical triangle, further confirming my idea that a short bull run has been cooking up, and now perhaps begun. Yesterday it fell out of its rising wedge, but when it double bottomed, it popped up right back into the wedge and formed a beautiful textbook symmetrical triangle. This makes sense with BTC now showing quintuple...
BTC fell out of its rising wedge but failed to make the measured move around the 5600 area, disrespecting the inherent nature of the pattern. Although it looks to be back in the same wedge, I believe it is now more probable to be in a symmetrical triangle. With quintuple MACD bullish divergence now showing on the negative oscillators on the daily, and with prices...
Very import moment for BTC right now with current support sitting at *historic* 9300, if we fall through this, we could be heading to down to the 6k mark again to complete Bulkowski's Big M Pattern. If we bounce off support, good chance to open a long position as we could break out of the downtrend channel. If we fall through the support, its a nice opportunity...
Whales are setting big Low Buy Walls and keep pulling down Panic sellers who create their own doom by creating Sell limits close to the price in turn creating clogs and sell walls that wont let the price move up. If only if Sellers knew the best thing to do is create High Sell Limits. Example: the price is dropping to 333000, then set the damn Set limit to...
Revised Chart . Volume curve in yellow corresponding to the Cup is a perfect textbook example of how it should be in a Cup and Handle (Reference- Bulkowski Pattern ) Also, double bottom forming in the handle. KABOOM! Target remains the same.
Top companies like Facebook amazon Tesla Google etc. experienced very strong bullish movement for the last 10+ years. I think that this rare candle stick pattern on weekly chart is suggesting bearish movement. Two Black Gapping which according to the Bulkowski’s book it has probability of 68% that the market will follow the signal. When You will look at the...
The shape of this Wolfe wave meets what Thomas Bulkowski says about it, as you can see on thepatternsite dot com. And makes perfect sense, since OPEC will do something to stop the incresing rate of the Baker Hughes oil rig count.
I understand algorithmic math. I understand it and can calculate it. I SUCK AT MATH. YOU HAVE BEEN WARNED. DO YOU OWN CALCS. That being said, you can rely on Bulkowski's tested probabilities for a Big W Pattern which suggests a 0.42% chance of a breakout. Projected target based upon Bulkowski calculations would be approximately $56.00. Rumors suggest...
After a recent acquisition, revenue jumped. Guidance for revenue and EBITDA is essentially twice of 2015 for 2016. Going long
USDCAD Bulkowski's Bottom Round Percentage Meeting Target Price - 57% Measure = 288 Pips 288(0.57) = 164.16 Price at Bottom = 1.2766 1.2766 + 164 = 1.2928 Target Price = 1.2928 Target Price is in confluence with Fib Zone Wait for completion of bump (struggling with moving avg, here) and continuation of bowl for buy confirmation. Begin entry = 1.2800 or...
Bulkowski's Calculations for Flag Pattern 294 x 0.46 = 135.24 1.0532 - 135 = 0.9182
Bulkowski's Bump 'n' Run Bottom. Look for long on pullback. Target top of pattern.