Traders,
In this market update I am discussing the numerous "M" Patterns that I am seeing on the crypto charts. We'll talk about where we possibly could pull back to. And we'll take a look at the U.S. stock market: DXY, VIX, SPY, and NVIDIA and the impact they are having on crypto right now.
Apologies for the quiet voice. I will ensure this is fixed before the...
Allowing a move down here completes an M pattern on the larger overall chart structure.
This also in the process creates a little down channel which coincides with the double top.
Bearish 4Hr chart.
AUDUSD appears to be getting ready for a Short opportunity with a good Risk:Reward ratio. Cross of 200 EMA from above will be a confirmation.
Watch out for the same.
Hello Birdies,
So our previous fractal is a perfect hit here is another one.
BTC is making a M pattern which is a bearish one.
Once it loses 22,300 consider it a hit and you can enter a short position on the retest and sweep of the neckline.
AUDNZD currently has a score of -3, or a Sell rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theAUD has a long percentage of 31.99%, and we see that the NZD has a long percentage of 55.98%. This category receives a -1, as institutional traders favor the NZD.
Taking a look at AUDNZD, we...
Hello traders.
I see a poin of interest here. Fundamentally speaking, Bank of Japan has initiated the intervention in order to mitigate the Yen 's depreciation.
Technically speaking we are inside weekly supply zone which is not checked as support up to today.
I see an M pattern forming in daily time frame.
I see two potential entries. One immediate entry and...
wait to see engulfing seller candle or doge from this level to confirm respect the price to neck of m pattern and 0.5 fibo then continue sell to next support at 1749
Just an observation I was making on the S&P graphic... is this M Pattern formed and should we expect a rapid price dropping? No recommendation, just trading analysis.
Deeper Network DPR Crypto breaking down from the Bearish M Pattern with a drop to .0186cents. I am assuming it will do the drop when BTC Bitcoin does its next major drop.
Bullish News: Aug. 5 & 6, 2022 Deeper Network has an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the...
Hello Traders, as we mentioned our target 1790 now price take a shape m pattern with broke this line with close 4h candle below it will be good confirmation to take 350pips with falling . differs scenario if a price close above 1827 again.
if you like the idea, do not forget to support with a like and follow❤️
Yesterday we theorize 2 possibilities for the market to go bearish on EURUSD. Now we have the first possibility invalidated, meaning that the price may look for our second possibility. We have to wait for the price to retest and it hasn't retested the resistance yet, so it could be a good opportunity to sell. I have also placed the reason why I think it will...
Previously we traded EURCHF because of a harmonic pattern on mother's day. It made a M pattern and now it is retesting the resistance. Down there, we have a trend line that was broken. Technically speaking, neither of them gave the proper retest, and neither of them has completed their target, so both of them are valid. Right now the M pattern is in the entry...
if a price rise to 133.70 it's a very good entry or in case fall from this level we wait to closed below 131.400 to take a sell postion from another good entry. details - in case take postion from 133 we facing very important resistance with neck of m pattern facing daily 0.61 fibo . in case if take postion from 131.400 we well be below support turned to...
