BTC - potential shapes of technical analysis figures depending on the breakout / price retention levels. A huge symmetrical triangle - a bear measured move - Triple top - Inverted Dragon. BTC / USD 1 week. I will write the zone algorithm and what will be drawn on the chart depending on the retention / penetration of a certain zone and...
The 20-day ADR was missed on Thursday and Friday. Moreover, the 20-week AWR was missed as well (both upside and downside). Price expansion is much expected next week. I am still bearish GBPJPY hence I am looking for bull traps at the levels I have illustrated on the chart Expect updates in the trading days next week in reference to this post.
as we see the dragon reached support area (Daily) , lower band of BB and also we see a over sold on RSI (5,14) the prices will raise again to area of 134.500
Looking at DRGN on the daily Willy is stupidly oversold with a nice W breakout Histogram showing a nice divergence (Not yet confirmed) OBV not looking to bad. It wants to break up Target and resistance between the 618 and 786 POC around that resistance area acting as resistance Double distribution in VPVR All im looking for now is a nice W in price to create...
Looking at DRGN on the daily. Looking at DRAGON since I last bought it at 701 sats, it has done pretty well. Willy is slowly making its way up in to over bought Histogram still looks good but would like to see it break into higher highs Could have a potential inverse head and shoulders working in price Huge notch in VPVR for price to fill in. 200ma around the...
-WAIT FOR BREAKOUT -WATCH FOR RETEST -EXECUTE WITH CONFIRMATION
Looking at Dragon on the daily * Willy is stupidly over sold and also making a nice bullish divergence * Histogram looking ok break up past the 0 line (Would like to see some more structure in the histogram) * OBV looking healthy and confirming a nice bullish div * Price double bottom on the 4H chart but would like to see something more solid. * Price could...
LONG TERM FX:USDJPY elliot waves analysis.
confirmed dragon pattern and unconfirmed double bottom. just realized the dragon pattern so I will try to enter the position near the blue line. if not; I will wait to brake neck-line. closing under the support zone will be my stop-loss.
#DRGN $DRGN #dragonchain flat no volume bearish outlook short term support now resistance
Always have good stops in place so you don't blow your account. Never play with money you cant afford to lose or you are just gambling. Good target and stops in place. I don't win 100% of the time , but as as long as your R/R is good you have a good chance of beating the markets.
as you can see in the chart. the pattern is repeating and its going to 3.2k. this kind of fractals is a high sign. 80% of chance this might happen. 100x Short? no! trade with a confidence! goodluck! Bull Dragon all the way!
W Double Bottom a large one. 80% this will happen.! we may have one last pump up to 4200 or 4400 then we will slowly go to 3.3k level and will start the real bull run
wanna play this baby dragon but outside that channel range
The falling dragon might be in play here guys.. This pattern forms in a retracement after a big dump Its power is tricking traders into thinking a bottom has formed while its merely a retracement. If price gets above the head the pattern becomes invalid
Will be intresting to see what price does at these levels... keep a close lookut on 147.500
Another dragon pattern idea similar to the one we saw play out back in July prior to the inverse head and shoulders.
If price reaches there, I will wait what kind of reaction will happen. If Bullish Engulfing Candle occur, I will LONG and target the daily/weekly pivot (it would be within the daily range projection high).