naezith

naezith

When it was at the step 8, I saw how similar it is to October 2021 ATH. Seeing it to go to the point 9 made it even stronger. Step 10 would be low close to 8, then comes the step 11 which is the ATH.

naezith Updated 

If China or S&P doesn't do something mega bearish, I think we'd have this pattern. I'm an amateur, just practicing the new stuff I learn. Not financial advice.

naezith

My infamous Gann pull's level 4.0 points at 58574, this Gann marked all those highs with 0.5s, 0.25s so these 1.0 levels are really strong. that level is between weekly and monthly. I don't know much about Elliot waves but I draw something like that which makes sense to me. With a rejection from that area, the golden pocket (0.618-0.66) of the last pump has...

naezith

I post this just for myself. Practicing waves and Fibonacci time. Not financial advice.

naezith Updated 

The uptrend since July 19 is really strong. We didn't do a lower low yet, so everyone who buys since $28.8k keeps moving their stop loss higher and higher as we make new dips. The last dips were around $43.8k so there would be large liquidity just below that. We also have the bottom range high at $42.5k. There are many people who missed this run, including...

naezith

Market respects Gann levels incredibly well. It looks really messy at first look. Ignore the red and yellow lines. First look at the white lines, those are 0.5 levels. The most respected. Then comes the yellow lines, which are 0.25 levels. They have all the highs as you see. And the most insignificant, but still significant, are the red lines,...

naezith Updated 

Bitcoin repeats exactly what it did on the bigger scale. It goes perfectly the same so far. The next move is the dip. In this case, that would be below $32,000. I am not sure if it would bounce this time though! :)

naezith

This triangle pattern is called Rising Wedge and it usually breaks down. I'm just practicing, do not trade relying on my analysis.

naezith

People who bought at the re-test got stuck really hard because of Elon Musk. Most of the people lost confidence in the market since it's not that reliable to trade these days. I am guessing that many people are waiting for the price to pump up a bit so they can exit with a small loss. It mostly happens before the previous peak price and the trend lines are also...

naezith

Very short-term long. I posted the cup and handle on the BTC chart, 4 hours ago. I traded it on CAKE and BNB. However, BTC still did not break out fully yet, but it does another triangle now. If that fails, that might hurt these two. I am not fully bullish, but if BTC breaks his own too, this is supposed to go up for a while at least. Like until BTC hits around...

naezith Updated 

I'm overall bearish but this might be the move that would take BTC to the upper bound of the bearish symmetrical triangle which I shared before. There will be many people who'll short it there so even bears are waiting for BTC to test the upper bound. Maybe it would form another head and shoulders there, just like it did recently.

naezith

It's very popular these days and got shared many many times but here is my iteration of it. I'm not saying we will have a Wyckoff, but if we do, event order and price targets might be like this. Please do not focus on the timings. I'm just practicing, do not trade relying on this!

naezith

This Bearish Symmetrical Triangle textbook pattern just started forming very clean. It tends to break down and the target would be around $20,500 - $21,000. This is the source I follow: www.youtube.com I am an amateur, please do not trade relying on this.

naezith

Yesterday I posted Head and Shoulders earlier than anyone, before it formed, with a right shoulder price target of $40,300. It landed perfectly. Now the key support lines: - The target of that H&S is around $33,200. - Weekly EMA50 is at $33,250 - There is a green trend line that goes to $33,000s - There is the 0.786 Fibonacci level at $33,200 when you draw from...

naezith Updated 

Currently, - There is an Inverse Head and Shoulders pattern forming on the 4 hours chart. - There is strong resistance at $41-43k If it bounces down to around $37k, then breaks $42k, head and shoulders will be complete and the price target would be around $48k. That movement forms a really clean bear flag. The target of that bear flag is low as $16k, however: -...

naezith Updated 

It broke down from the rising wedge but recovered a bit. Now it's forming an H&S. I am just an amateur, practicing. Do not trade this.

naezith Updated 

Just applying what I learned from here: In that tutorial, there is a screenshot from an older bitcoin chart where MACD and RSI are shown. That's what I did here. Please do not trade it, I'm an amateur.

naezith

I am an amateur trader but this is a textbook head and shoulders pattern. Can someone explain to me if this is valid or not?