A long-awaited and overdue piece of analysis, my current view of the BTC bull market. These techniques are how I was able to gauge a market top in the previous cycle, you'll find the analysis from Dec 2017 linked to this idea.
Although countless mistakes have been made throughout the years, like everyone else, I believe this piece of analysis will be beneficial...
Afternoon traders, I'm bringing you a quick update on BTC on the 1h chart.
Price structure is similar to the previous correction so I expect a pullback to the 50% retracement short term followed by an 8% decline to close off the week.
Enjoy your weekend!
What's up folks, I've not shared any analysis publicly in some time so I would like to share a short term view on BTC where I see a 5-7% decline near term.
Trading Pair: BTC/USD
Time Frame: 1 Hour Chart
Formation: Bearish AB=CD Magent Move
Once we see a close below $33,820 it's likely we will see a re-test followed by a decline to the region of $31,700 where it...
Excellent swing trading opportunity just formed on EUR/AUD.
Trading Pair: EUR/CAD
Time Frame: 4 Hour Chart
Formation: Bullish AB=CD MM
Price has fully tested the potential reversal zone, I'm currently waiting on the next candle close before entering which looks like it'll be a hammer or doji.
I'll be closely monitoring the progress of price and RSI.
Price has fully tested the potential reversal zone of the bearish AB=CD and it looks good to short.
Trading Pair: CAD/CHF
Time Frame: 15 Minute Chart
Formation: Bearish AB=CD
I was holding off until I saw a test of the 2.0 projection at 0.73485, which happened just moments ago. The main reason being is because of the small S/R range at the AB=CD measurement,...
What's going on traders, I hope you're all doing well. I've been quiet on socials for a while but I'll be putting out more analysis regularly for those interested in what I'm currently trading.
Trading Pair: NZD/CAD
Time Frame: 4 Hour Chart
Formation: Bullish AB=CD
The AB=CD completion is slightly beyond the 2.0 projection at 0.8500, this is where I will...
My second published analysis but I believe we have a potential Bearish butterfly setting up here on the 4H chart USD CAD, will be keeping a close eye on this one, once again feel free to make any comments or criticisms.
I've adjusted my previous pattern and it now seems to fit the standard better but this is on the 4 hour chart GBPCAD and what I believe is a Bullish Bat forming. I've also added In my Stop loss and Take profit measurements, as I said this is my first pattern so any criticism, comments or advice are welcome.
My first published pattern so any advice or pointers where I may be going wrong will be greatly appreciated but I believe this is a Bullish Bat forming here on the 4 hour chart with GBPCAD but the A-C retracement is quite high, I would be looking to buy once retracement hits 0.886 and other confirmations of reversal are showing.
Commodities peaking my interest this week, we've got a textbook bat pattern on the 4h chart for Natural Gas that's in the final stages of the CD leg.
The measurements for a valid bat pattern are detailed below.
XA Retracement: 0.382 - 0.50
AB Retracement: 0.382 - 0.886
BC Projection: 1.618 - 2.618
XA Retracement: 0.886
There's a butterfly pattern on the 1h...
EUR/AUD is almost ready to go! Bearish BAMM setup has formed on the 4h chart, providing a trading opportunity with a 1:2.33 risk to reward.
BAMM trading setups rely on a valid bat pattern, you'll find the relevant measurements below.
XA Retracement: 0.382 - 0.50
AB Retracement: 0.382 - 0.886
BC Projection: 1.618 - 2.618
XA Retracement: 0.886
The time...
GBP/USD is currently forming a bullish bat pattern on the 4h chart, providing a trading opportunity with a 1:2.24 risk to reward.
The measurements for a valid bat pattern are detailed below.
XA Retracement: 0.382 - 0.50
AB Retracement: 0.382 - 0.886
BC Projection: 1.618 - 2.618
XA Retracement: 0.886
All 3 measurements form within a close proximity in the...
What's going on traders, I hope you've all had an excellent weekend.
Today I'm bringing you a trading setup that I've been watching unfold over the last few days, and now things are starting to fall into place as price has just re-tested the previously broken support at $10,310.
If you're a long time follower of my ideas you'll know that the majority of my...
Traders, I believe you will like the facts put forward in today's analysis on the weekly chart for bitcoin, it's a simplistic overview of what I see happening right now.
My main focus is the comparison between the current and previous bear market, there are a lot of similarities between both cycles that we can use to our advantage.
Firstly I'd like to talk about...
What's going on everyone, I hope you all had a great weekend! Today I'd like to provide a short-term technical outlook on Binance Coin (BNB/USD).
BNB/USD is in the final stages of forming a bullish gartley 886 formation on the 1h chart, providing a trading opportunity with a 1:2.5 risk to reward.
The measurements for a valid gartley 886 are detailed below.
B:...
Quick post ahead of market open, I'm looking at EUR/USD on the 4h chart with a potential bullish AB=CD setup completing at 1.10440.
Structure looks great, once price tests the PRZ we will be able to gauge further price action. As always I will keep you posted on the patterns progress and if the trade is executed!
Enjoy the rest of your Sunday :)
Litecoin has now confirmed the potential reversal zone for the bearish bat on the daily timeframe, I've been monitoring the progress of this setup for several weeks and watched the C to D leg materialise. This opportunity is purely based on technical measurements and the reasoning for a market correction is perfectly logical.
Let's quickly review the previous...
