I mapped the bars pattern from the BTC market cycle tops. I projected where the price action might go by inverting the top pattern and then matching it to the current price action by stretching the pattern. It says we will stay around this range until July, then will pull back to 20k by sep/oct, rally Oct/Nov to 25k, pullback dec, 15.5k lows through march 2024....
Any thoughts on $AMD following this bars pattern? Seems to fit too perfectly with my trend lines. Of course the timing could be off slightly but I have $AMD trading sideways/sideways down for a day or two before moving up to a PT1 of $83.16 and a PT2 of $85.55 then moving back down to potentially test ~$75.
these strategies are signaling the consolidative move isnt over, and revisiting mean and regression is likely theres no way to prove at the moment we will go through a phase like this, but if the opportunity presents itself its a path that mathematically makes sense
Hello guys the pattern is repeating itself again, we can expect a bearish market for the short term ( max 1 month) then it will be a bullish market.
Using the bars pattern to lay the fractal of the 2021 bar run over today's recent bear market, we can see some pretty good similarities between the two. This suggests that $BTC could be due for its relief really now, more than likely rejecting off of the $35K-$38K region, then finding its last area of support just under $30K, then finishing its accumulation and...
If a deleveraging like 1999 is happening, perhaps we will see 1999-2008 in oil play out in a similar fashion? Not saying it will or won't happen, but it currently looks like oil is setting up momentum for a future breakout. I copied the bars pattern from 1999 to 2008. Maybe it's too bullish? Or maybe not bullish enough. I would venture to say that it seems so...
A projection of a possible scenario using bars pattern from a recent historical price action.
Hello traders, I was going over prior price action when I noticed some similar movements from the beginning of this run when we all were historically waiting for the $10,500 price to be broken and become support. In the beginning of the run we had very similar price action to where we are at now. So I just wanted to share a bars pattern with you from the...
Have you ever watched slalom skiers? The way they weave down the mountain and pass between gates? AMC has been doing something similar for 8 straight trading days. What you have here is the same chart we've been looking at from the Accumulation Within The Spring that I first shared on Dec. 2. Once it seemed we'd reached bottom, I went to my The Cycle, Redux chart...
Hello friends❤️ The price is in a downtrend, now trading directly at the resistance level . After a strong movement, I do not think that a breakdown and growth is possible. I expect the price to fall to the support level . My target is 41560 Do you agree with me?
Hi guys the daily chart is going the same way that it went at april look at the ichimoku lines cross and compare with now look at the position of price , near the cloud and if this theory is right , I expect a dump tp 38k and beyond that . Where is wave C ? :) good luck *****THIS IS JUST THEORY *****
Welcome to thunderboy21 technical analysis, Here you see 2 parts on the chart that are very similar to each other, as i have said is my previous Post i was looking at this fractal from above distribution and projected it on this price action. i shorted the top via this fractal for a 20% move down ( Did not expect that fast ) i think this is just going to play...
Just a simple bar pattern on a weekly basis.
I noticed a W pattern was forming like before so i copied the price movement and extended it. Let just say it helped alot
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Looking back at the Weekly, you can see we are at all time high, with a DOJI candle, 4 days out from closing... Is LTC about to turn around? Is BTC about to turn around?