corganmusic

corganmusic

Possible Shark. Lots of S/R

corganmusic

Lots of Support @ PRZ

corganmusic Updated 

Risk/Reward close to 2, Pattern has hit. Valid Bat pattern: A = .382 -.5 B = .382 - .886 C = 1.618 - .886 D = .886 I learned to trade at sixfigurecapital.com

corganmusic Updated 

Of course I'm betting that price will follow one of the yellow lines, but let's talk about why... Drawing the with the Fibonacci Tool with the correct ratios has a profound effect - you can start to see where the market will reverse with surprising accuracy, even when the market is creating new highs. To set our Fib tool we use these ratios: 0 - Trend...

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We've got a good looking shark on GBPJPY. Nice Risk to Reward entering now (a bit late). Measurements A = minimum of .382 B = 1.13 - 1.618 C = 1.618 - 2.24 D = .886 - 1.13

corganmusic

A great oppritunity for a buy in GBPNZD, We've got a valid Bat Pattern, which means we can BAMM it up from B point to D point. Measurements for our Bat A = .382 - .5 B = .382 - .886 C = 1.618 - 2.618 D = .886 We've got a great Risk/Reward of 1 risk to 3 reward - honestly, if you set the Stop Loss closer to B point, you could achieve an even higher ratio. I'm more...

corganmusic

Looking for Bullish reversal of this Gartley Pattern. Valid Gartley A = .618 B = .386 -.886 C = 1.272 - 1.618 D = .786 Keeping Reward above 2! :) I learned to trade at sixfigurecapital.com

corganmusic

Great bat, already starting to reverse on the daily with the Doji at the peak. A = .382 - .5 B = .382 - .886 C = 1.618 - 2.618 X to D = .886 Shows some previous Support/Resistance at these levels, indicated by the yellow line

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In the connected post, I wrote about how the Fibonacci Retracement Tool could be used to predict Bitcoin's corrections. Thank you again @cdschultheis for pointing this out! In short, here's how to read this chart When Bitcoin grows, it has no future support and resistance, so we're using the Fib tool to draw it Price has a good probability of hitting a...

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Today we've got a continuation of the Gartley Pattern I posted previously. It hit, and made an excellent opportunity to short. The AB=CD pattern is nearly perfect! By placing our SL at D point, and our Take Profit at our normal levels, we can get a 2.88 Risk to Reward - Almost 1 to 3! :) SO, if you're looking to enter you haven't missed your chance! You're...

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I wish I would have posted this yesterday, I didn't think it would end up (nearly) completing :) Regardless of the pattern, BTC is basically giving a 50% off sale during the holidays! Thanks BTC! We're looking at completion of our Cypher pattern at D point, $11,143 A = .382 - .618 B = 1.272 -1.414 X to D = .786 We're looking for price to touch D point, and then...

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Valid Bat A = .382 - .5 B = .382 - .886 C = 1.618 -2.618 X to D = .886 Check candlesticks , watch for price to break B to enter. Given above is true, price should continue through D, or reverse. Candlesticks will tell you how play the pattern. Risk Reward minimum = 2 Note: always draw it on your own chart to get exact measurements! Make sure you have...

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We've got a valid Bat, that could shoot through B point starting the BAMM. (Measurements at bottom). Also a Gartley if it breaks up, and will be looking for reversal at D With these patterns especially the BAMM, it's really important to see it break the point, and close. I had previously posted a BAMM pattern that bounced at B but never broke B point - that's not...

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--------------Bat-------------------------- Starting with the weekly and zooming in, you will see a consistent uptrend that forms a Bat Pattern starting at May 23rd (This is not visible) It has the valid measurements between A = .382 - .5 B = .382 - .886 C = 1.618 -2.618 X to D = .886 --------------3 Drives-------------- The chart illustrates a Bearish 3...

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@cdschultheis turned me on to using Tradinview's Fibonacci Retracement Tool to measure BTC's movement. He's got great analysis! Logical Steps 1. A normal scale doesn't work with something moving at larger and larger intervals. You need to measure it with something that scales the same way BTC scales. - A great post is @lewisglasgow 's post on it being...

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GBPUSD is in a large uptrend since the beginning of 2017, and those are shown by the diagonal Support and Resistance lines in yellow. We also have a S/R around the ~1.309 point (which works great with D Point). As you can see, we just broke out of a cup and handle that created the a valid bat pattern with the measurements A = .382 - .5 B = .382 - .886 C = 1.618...

corganmusic

Beautiful Shark pattern on the Daily. Lines right up with our measurements B = 1.13 - 1.618 C = 1.618 -2.24 X to D = .886 - 1.13 The fantastic thing about a Shark pattern is that it has a possibility to turn into a 5-0 if the reversal is at the halfway point, so you have the chance to profit twice! Making sure to have a 1:2 Risk VS Reward, in this case it's a...

corganmusic

Hey Harmonic Traders! Today we've got a Butterfly and Gartley 222 on the 1 Day Butterfly stays within our standards, A = .786 B = .386 - .886 C = 1.618 - 2.24 X to D = 1.272 Gartley stays within our standards, A = .618 B = .386 - .886 C = 1.272 - 1.618 X to D = .786 We've got some trend lines drawn up, showing that it's hit before and will be looking to hit...