Not only did the rounding bottom play out, there was also an ongoing ascending triangle with the prime breakout point on or around the day of April 01, indicated by the end of the yellow line, as this was the 61% point along the length of the triangle. Not only was the breakout perfectly timed, it also immediately reached the interpolated price target of $5027....
Per the last update, the ascending triangle is still mostly intact and maintaining the higher low. The immediate pattern resembles more of an ascending channel. I'm seeing this unorthodox rounding bottom, anyone else agree? Additionally we formed a new symmetrical triangle with an apex arriving at ~6 April. If the rounding bottom is correct, the interpolated price...
Hi all, I've been bullish on Gold since Dec 2016. The name of the game in this commodity has been patience as we work 7-8 years lack luster price action waiting to retest all-time-highs near $2,000. Is Gold to $1800 in 2020 possible??? Geo-political tensions combined with global debt and growth concerns could be the perfect concoction for such an eventual...
BTCUSD Trading Bias: Neutral - depending on which scenario gets triggered first. Here we see RSI diverging quite strongly, suggesting a potential bounce off the support channel. However, we also see BTCUSD in a clear downtrend at the moment. This leads to 2 potential scenarios If we break and close above the blue trendline then upside targets are in play. If we...
Hey tradomaniacs, welcome to another signal! Important: Wait for the Breakout and buy after retracement! Type: Swingtrade Buy-Limit: 25.430 Stop-Loss: 25.000 Target-Zone 1: 26.000 - 26.200 Target 2: 26.291 Target 3: 26.586 Leave a comment and a like - I appreciate every support! :-) Peace and good trades Irasor Wanna see more? Don`t forget...
EURAUD Trading Bias: Short Technical Strategy: Rounding Bottom *Wait for price to break and close the support level of the rounding bottom*
USDTRY Trading Bias: Neutral Technical Strategy: Break of trend line OR rounding bottom *If price breaks the resistance line we will reach our long targets. If we break below the green support channel we will reach our short targets*
EURUSD Trading Bias: Short Technical Strategy: Rounding Bottom
AUDCAD Trading Bias: Short Technical Strategy: Rounding Bottom *If you do not know how to trade using this strategy send me a DM. I will help you*
EURAUD Trading Bias: Short Technical Strategy: Rounding Bottom
The pattern is a rounding bottom. Final targets marked. Waiting for break and close below support level.
We have a change in bias on AUDCHF. At TP1 close 50% of trade and move stop to entry. Extended target is the next monthly support channel.
"Markets usually don't do what the majority of people expect to happen." Since there are so many people that would like to buy a dip at or under 5k, we might just see an incredibly large, multi-month rounding bottom on BTC, potentially transforming into a Cup & Handle pattern. If this were to happen, we can expect accumulation during the next months and a slow...
Overall this looks like a potential rounding bottom pattern. Price action has been beautiful lately compared to the last few months. Historically 6k has been a well defended area for Bitcoin. Take into consideration that we have also set the first higher low of the year. Alts also seem to have potentially bottomed out. Of course there is no way to tell if they...
BTC - Accumulation on macro level looks good so far. Current rounding bottom is looking very strong Red lines are resistance points that i expect to be respected and stop a rally or give support once broken DO NOT TRADE UNLESS YOU AGREE WITH MY TA, I'M NOT AN EXPECT AND THIS IS NOT FINANCIAL ADVICE! MAKE SURE YOU HAVE GOOD RISK MANAGEMENT FOR A LONG TERM PROFIT!