EUR/USD 4H DOUBLE BOTTOM!EUR/USD has a double bottom pattern
Fundamental support this, US will cut the interest rate on 19 Sept, 2019. Predicted EU will bullish
If you want more accurate analysis, wait until MA 50 cut MA 100
4hrchart
Interesting Bitcoin Pattern on the 4hWelcome back traders! Bitcoin just closed its fourth green candle in a row on the 4h, which makes one wonder how often that happens. Although four candles in a row is rather common with Bitcoin, it turns out that five has been considerably rarer over the last 6 months. It appears that we have been seeing a series of 1-4 sets of 5+ sequential green candles within an approximate 7 day time frame every 1.5-2 months. We have seen these profits extend as long as 10 candles in a row. Here is where we are at currently, along with the statistics from these previous profits. It is noteworthy that I measured on the open/closes, and that these figures are in USD. For instances where we saw a sequence of green candles greater than five in a row, the end of said sequence has been measured out for you as well, separated by a semicolon.
TOW: +$228.92 +3.11% over about 17h
10/25: +$1,212.85+16.23% over 20h; +$2,188.13+29.47% over 28h
09/07: +$194.39 +1.89% over 20h
09/06: +$350.60 +3.33% over 20h
09/02: +$194.89 +2.03% over 20h; +841.59 +8.79% over 40h
07/02: +$1,478.23 +15.03% over 20h
06/26: +$1,284.12 +11.32% over 20h; +2,522.91 +22.25% over 28h
After seeing figures like these, one cannot help but wonder if this pattern will continue. Will we see another sequential set of 5 green candles? Will the current set extend further? Will Bitcoin break the pattern all together? We will see.
Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any financial loss or damages. Thanks for reading!
4hr Inverse Head & Shoulders breakout appears to be validating.If this inverse head and shoulders breakout is confirmed om the 4hr chart that breakout target should help price action to rise back above the yellow falling wedge that we are currently testing the bottom trendline of as support. If we can maintain support on the yellow falling wedge's bottom trendline then we should very likely trigger the inv h&s breakout which should in turn help us then break upward out of the wedge. Happy Thanksgiving!
xlmusd attempting to breakout of a 4hr inv h&sThis could easily be a fakeout so I'm not picking a side just yet...however if it triggers XLM could be heading to 9.5 cents in the near future here. Price action is currently testing the neckline and throwing little wicks above it so it's still right in the fakeout zone but if we see 3-5 consecutive 4hr candle closes above the neckline and a surge in bullish volume that will be the signal that it is triggering the breakout. Not a fan of XLM, Jed McCaleb or the recent and very desperate burning of 50% of their total supply..however once thew upcoming bull market kicks in for alts I would not be surprised to see XLM gain 500% or so during that run despite its horrible fundamentals.
The bull flag btc's been in has now morphed into a falling wedgeWe can see a very valid falling wedge here on the 4hr chart; the purple trendlines following the wicks and the pink trendlines following the candle bodies..for now the purple one seems slightly more valid. Other signs giving the bulls hope currently are that we are still consolidating above the bigger green falling wedge from the weekly chart as well as still above the 1 day 50ma. for me this is a no trade zone until we see confirmation one way or the other.
4hr support. Going to open a Small Long position with $8,250 SLNot going to be such a big pump but a good scalp back to resistance. Maybe it’ll be rejected again maybe not. I’m willing to go into the 10% Leveraged trade LONG
Btc has to solidify 4hr50ma support to trigger channel breakoutIf it can do that the initial breakout target is 8.5k
BCH Bullish DivergenceTripple bottom formation on 1hr chart.
4hr chart is looking to make a turn around soon.
If this price rise happens, look to the 1D chart for a near drop in price possibly breaking $300 resistance.
Influx of volume today will confirm or cancel out this forecast.
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Bitcoin and other cryptocurrencies are a very speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment, and a potential total loss of their investment.
Information provided by King Midas is not intended to be, nor should it be construed or used as investment, tax or legal advice, a recommendation, or an offer to sell, or a solicitation of an offer to buy, an interest in cryptocurrency. An investment in cryptocurrency is not suitable for all investors.
2hr fallingwedge by candle bodies or 4hr fallingwedge by wicks?Definitely in some form of falling wedge and seeing as how we've ben in a bull mark most of the year probability is very good of this eventually breaking to the upside...the trick is figuring out if the falling wedge is more valid by candle bodies in which case it is either a 1hr or 2hr chart pattern...or if by wicks it could be a much larger wedge that is more valid on the 4hr chart. Only time will tell...if it keeps dipping I intend to keep buying until I see undeniable confirmation of breakdown..so far im only seeing us continue to consolidate inside the wedge and bullish divergence.
1day candle closes inside bullpennant; 4hr goldencross .Bear trapped confirmed as the 1 day candle that dipped down ad filled the 10.1k gap last night bounced all the way back up to close inside the bull pennant as I was expecting. We also hav a 4hr golden cross due to occur in the next 4-8 hours which I think will instigate a bullish breakout from this pennant.
4hr gldncrss trajectory=September 9; Nearing inv h&s completionWe can see many positive signals here for the bulls on btcusd on both the 4 hour chart(shown here) and on the 1 day chart right now. On the 4hr we can see how price action has finally overcome the 4hr 200ma's resistance and we can also see that a 4hr golden cross is in the works with a current trajectory placing September 9th as the day of the cross. We can also see how both of the 2 current inverse head and shoulders in play(in pink and yellow) seem to now be completing their right shoulder as price action heads towards their respective necklines. Another big sign shown here for he bulls is that we are once again back above the ascending red neckline that belongs to a huge 3 day pattern bearish head and shoulders. This has been the 3rd consecutive time we have broken below it thats ended in a bear trap only increasing the probability of us breaking bullishly up from the 3day symmetrical triangle(in green). On the 1 day chart we also have the great bullish sign of closing our previous 1day candle back above the 1 day 50ma and the ascending red neckline(as well as two key horizontal resistances). All of this seems to suggest the bots, algos, and whales will likely try to at the very least finish painting he right shoulder on the charts before attempting any sort of bull trap fakeout dump of any kind to maximize liquidation. So I will wait until I see confirmation of either a breakout of the inv h&s pattern or confirmation of a fakeout bull trap to make my next move...even though I feel probability favors the bulls for now.
Bullish macd cross on the 4hr chart!The MACD cross is showing us a bullish sign: the blue line crossed the orange line, and the histogram is just starting to show green bars.
Legal disclainer: this is not financial advise, do your own research and take your own conclusions before investing in anything. The posts I publish are for information or enterteinment purposes only.
LONG (AUDJPY)- Buy
- Pair oversold on both RSI and Stochastic Oscillator on 4-hr and weekly chart
- Pair previously oversold on daily chart
- Pair at support
SHORT (GBPAUD)- Sell
- Pair overbought on both RSI and Stochastic Oscillator
- Pair at resistance
- Daily and weekly charts neither oversold nor overbought
bearflag poentially breaking down...target 8.6k?breakdown no confirmed just yet but probability is definitely favoring it now as we can see price acion now firmly under the 4hr deathcross. If price action cant climb back above that deathcross then both the bearflag breakdown and he death cross will be sustained/confirmed. this is the perfect spot if the breakdown is confirmed for price action finally reach that 8.5k gap on cme futures chart bit of course the smart trader will make sure to buy back in a few pips before that and if we continue to fall and hit that target to also buy the dip
Bulls trying their best 2 prevent the approaching 4hr deathcrossThe bull flag definitely seems like it wants to trigger a bullish breakout here. Of course being still in the last 10 minutes of the 1 day candle anything can happen and we must remain patient and balanced until we get a better idea upon the daily candle close...we also need to keep a close eye on the top trendline of the broadening wedge's resistance(in red), and the 11113.83 horizontal trendline(in white)...I expected at least a wick above the white horizontal if we breakout but the horizontal may potentially maintain its resistance for candle close...if not the next resistance will be the 11271 horizontal (red) above that, and just above that 11585 descending green trendline which is currently the biggest resistance to overcome...it's the one thats maintained resistance this whole correction. . .still waiting to see where the current candle closes the daily at but looks good for a breakout currently..anything could change in the last 10 minutes though. Even if we do breakout though it may not be enough to prevent the 4hr deathcross from happening...however if we dont immediately nosedive after the cross then the cross will likely be a fakeout and shortlived. So very important here to see how price action reactts to any kind of deathcross...as long as price stays above both the 200(in blue) and the 50ma(in orange) i should result in a fakoeut. If not it will resume dumping.
potential 4hr deathcross in play on btcusd.4hr chart immediate timeframe is threatening a deathcross and we are currently in an ascending broadening wedge. Will have to wait until breakout or breakdown confirmation of the wedge to know whether or not the 4hr deathcross is more likely to be a sustainable cross or a fakeout. Should know in just a few 4hr candles from now
(Looking for a retest at the 105 level on smaller timeframes)(Looking for a retest at the 105 level on smaller timeframes)
right shoulder's TTL bounces priceaction back into the diamond. A very bullish sign here as the 1hr head and shoulder pattern hiding within the 3hr diamond just decided to go on and dust it's shoulder off as price action bounces off the right shoulder of the head and shoulder's top trendline and has now been bounced back into the diamond pulling off a very successful bear trap....this increases probability of a bullish breakout but we must remain vigilant in our cal composures until a bullish breakout is confirmed it could easily follow a bear rap up with a bull trap as it often likes to liquidate shorts and longs within the same pattern. my bias is bullish but until confirmation the idea remains neutral.
