Traders I hope you're having a good week so far, today I'm bringing you a trading opportunity on the daily timeframe for NZD/USD.
We're looking at a bullish bat type-II retest as the initial reversal in the PRZ was short lived. I believe once we can confirm this reversal it'll go the full way.
The measurements for a valid bat pattern are detailed below.
B:...
As we anticipate the bull market returning, we are quickly put back in our place by the bears. Further declines are more daunting than ever at this stage, there is a lot of uncertainty in cryptocurrency right now.
I'd like to present a simplistic piece of analysis on bitcoin, I'm sure the novice technical analyst will be able to benefit from this post. Today I'm...
GBP/NZD is currently forming a bullish deep crab pattern on the 4h chart, providing a trading opportunity with a 1:2.8 risk to reward.
The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.0 - 3.618
X to D: 1.618
This is another setup to keep on the watch list! We are close to confirming the PRZ, once we do we can...
Traders I hope you are all well, today I'm presenting the basic price structure of bitcoin and what I see happening in the near future.
Dropping down to the 30m chart we can see price formed a symmetrical triangle at the market low, followed by an unexpected impulse on the 12th of April 2018. This was followed a brief period of advancement and now a break to the...
Hello traders, it appears CHF/JPY has formed a bullish cypher pattern on the 15m chart.
This is an excellent long opportunity with a potential 1:2 risk to reward.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
As always keep your risk in check and apply sound trading knowledge to come to trading...
What's up everyone, today we have a shorting opportunity on NZD/USD with a bearish bat pattern on the 1h chart.
Excellent opportunity with over 1:2 risk to reward.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The ratio alignment for this setup is spot on, almost...
The million dollar question, does the cyptocurrency market solely depend on the success of bitcoin? To some extent, yes. It has the potential to cause altcoins to advance, decline or become stagnant for sustained periods of time.
I believe this is down to three simple factors.
1. The overall flow of money (entering and exiting the market).
The overall flow of...
Everyone seems to be in a state of panic following the recent correction for bitcoin as I receive 99750798 messages (possibly exaggerating) asking for my opinion on the situation, which I don't mind as I love helping out other traders where possible.
This recent move really doesn't concern me as all of the technicals on the higher timeframes still indicate the...
Hello traders, it appears XAU/USD is now forming a bullish butterfly pattern on the 1h chart in addition to a bullish 5-0 which I posted on here at the beginning of February.
You can see more on this analysis below.
Two valid harmonic setups are forming in the same area, the bullish 5-0 at $1,300 and the bullish butterfly at $1,295.
The measurements for a...
What's up traders, today I'm looking at MAID/BTC on the 4h chart with a bullish bat pattern, this pattern completes near the all time low for MaidSafe and it's exactly why it caught my attention.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
Credit to www.tradingview.com for...
Following up from my previous successful bullish gartley for EUR/USD, we've now got another bullish gartley but this time on the 30m chart.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
As you can see the PRZ forms on a critical level of support, this is an ideal area for a...
Traders, I believe you will like the facts put forward in today's analysis. I've previously spoke about the direction of BTC on the 15m, 1h and 4h charts but I feel a reflective post on the weekly chart is well overdue.
Since my post on the cyclical measurements of bitcoin in December, price has created a new low at $5,900, it is now time to start analysing the...
Hello traders, here we have GBP/NZD on the 1h chart with a valid bullish bat pattern.
All-round excellent opportunity with over 1:2 risk to reward.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
This is one to watch right now, I thought I'd share this before heading off...
I'd like to present a short post covering Ripple in relation to the market-wide correction. As mentioned in my Bitcoin post the magnitude of the correction for most cryptocurrencies has been amplified as the entire market capitalisation dropped from $830 billion to $310 billion, which is over a 50% decline market-wide.
As you can see from April/May 2017, price...
I'm back with another 5-0 pattern but this time on the 4h timeframe with XAU/USD.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Excellent trading opportunity with over 1:3 risk to reward.
The D point seems to be a good area of support to go long as shown below.
Wait until price reaches $1300 before...
I feel there is a need for another insightful post in regards to BTC/USD, today's analysis is on the 4h timeframe.
This is following up from my post 2 months ago where I predicted the next corrective phase to begin at $20,000, from here we experienced a market decline of 50% before price settled.
The magnitude of the correction was amplified as the entire...
What's up everyone, I'd like to provide some technical thought amongst all of the madness in the crypto world right now.
Bitcoin is currently forming a bullish deep crab pattern on the 1h chart, providing a trading opportunity with a 1:2.5 risk to reward.
The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.24 - 3.618
X...
Hello traders, here we have a bearish 5-0 pattern on the 1h timeframe with CHF/JPY.
Price formed a valid C point at the minimum 1.618 level and is now heading towards completion at D.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
I expect price to stall in between 50% and 61.8% retracement levels, this...
