BTC Possible Middle Term Scenario
The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800.
Beware of still possible correction before the actual bullish move.
Long until December, and maybe short (in January) at 33.5k-34k.
If the market is more bearish, the downtrend could resume at 28k-29k.
I changed my view because the bullish dragon in the related idea now seems to have been active.
The chart and annotation would be self-explanatory: the keys are harmonic patterns and Fibonacci.
To those who hate Gann Square and arcs: Ignore them, or ignore this idea. It's simple. Think twice before you post anything in the comment area.
Bullishdragon
BitDAO: Double Bottom Bullish Dragon at the 3.618 Fib ExtensionWe have some RSI Bullish Divergence and a Double Bottom at the 3.618 Fibonacci Extension and are currently Breaking out of a Bullish Dragon Trendline and will later be looking to Challenge the Validation Line of a Bump and Run Reversal Bottom.
GBPNZD: Bullish Dragon Visible on the MonthlyOne of the Main Reasons GBP has been going down so much against the NZD is because the NZD has been doing much better against the USD than the GBP has, but now it looks like the NZD's momentum against the USD is fading; and that the USD's Strength against the GBP is also showing cracks. Therefore I believe the GBP will outperform the NZD on many fronts within the future Months to Years.
An Idea to Short BTC: Don't Wake the Dragon from Sleep
Hello Bears!
Although the BTC price is falling, I expect it may hold on to the bottom of the red channel.
By the way, I see a giant green bullish dragon (or simply a falling wedge) sleeping (it hasn't been invalidated).
When he wakes up, he will spit a beam of flame that will reach as high as 25k.
The overall direction is still unclear, but the chart will probably test the upper exit of the red channel or the pennant, the bullish dragon setup's trigger.
The strategy for us bears when BTC goes up is to short at the upper exit of the red channel of the pennant or the gray and red boxes. Especially 20800-21200.
Sorry for the many trendlines; they may be hard to see. They are automatically drawn by scripts I made, and I didn't think any of them were irrelevant.
The thicker ones represent stronger S&R. Intersections are even more robust.
ADAUSD: Trading at Harmonic Levels of ConfluenceADA Right Now is Trading at the PCZ of a small Bullish Gartley(The Harmonic furthest to the right) and a Bullish Cypher(The Harmonic in the Middle) and A Shark(The Biggest one to the left) Usually ADA tends to lag after XRP so as long as BTC holds these levels we should be able to see ADA break above the trendline from here in the coming weeks or atleast test the trendline and if ADA Breaks the Trendline i'd expect to see it get bought up to the next maor resistance at 89 Cents.
The trendline mey just act as a Bullish Dragon Validation Line if it breaks out.
Here is a zoomed in screenshot of the Army of Harmonics we have here before us:
BTC: Short-term potential driving force
This is an update of my previous idea linked below.
Two bullish dragon patterns (the smaller one was introduced in the previous idea) have been detected and still haven't been invalidated.
If the price at least holds on to the support (green dotted line/gray boxes), we may be able to eye on long targets shown as red boxes.
However, any bullish movements would faint shortly with the macro downtrend likely to persist.
The scenario will be invalidated when the support is broken.
In this chart, all geometries are automatically calculated by a script of my made. Reference only.
BTC short-term long opportunity?
I'm currently bearish for BTC, but I examined possible strategies for a long entry because a bullish dragon pattern is detected on the 4H chart.
Recommended Entry condition: breaking out diagonal resistance (green dotted line) & ideally pullback onto it
Recommended TP:
TP1: 20000
TP2: 0.618 - 0.786 Fib Retracement
Criteria for entry (for reference only; trade at your own risk)
Support: Green dotted diagonal line (after breakout); gray box; Gann fan 1/2 (yellow zone); Current low
Gann Fan red zone: wait, or place the stop loss on the support if you already have entered
SL: 17900
Will BTC go to 14220? / Examining Rebound to 20200
This is an update from my previous posts (see related ideas below).
A huge double-top is set up, so we would see a new low if support is broken.
On the other hand, we could also see a bullish dragon (green triangle; double-bottom and diagonal resistance).
-Short to Middle-Term Bearish Scenario
Maybe considerable downfall, but where to land?
Speculation.
Given the Gann Square and arcs, which BTC arguably respects, symmetrical movement across its horizontal radius isn't unimaginable.
My primary scenario is BTC will finally bottom around 12500, and the secondary is sub-10000 at a selling climax, but BTC always betrays our expectations.
So around 14220, Fibonacci Extention 1.272 of the double-top, could also be a point to watch.
-Short-Term Bullish Scenario
If the price breaks the resistance lines to form a bullish Dragon pattern (green, for example), a rebound to 20200 or higher is possible.
LUNA2 Bullish Dragon #2LUNA2 is testing the Validation Line of it's second Bullish Dragon of the Trading Day right now which could lead to some AB=CD action to the upside if it holds this level.
Lots of bullish arguments happening on the 4 hour chartAfter the bullish run we are not having what seems to be a bullish consolidation happening on the 4 hour. First we have the bull pennant formed. The supply line of that said bull pennant just so happens to be the breakout line of a bullish dragon. When ever dragons appear you more than likely will find a harmonic pattern. In the case of Luna Classic we have a gartley harmonic pattern showing if the dragon and bull pennant breaks to the upside. Also we have a bearish 3 line strike that just appeared on the last candle close. For those that don't know the 3 line strike pattern is a reversal pattern, so a bearish one actually means its going to be a bullish reversal. The RSI and MACD are both showing hidden bullish divergence. Which calls for a continuation to the upside.
GPSC | Wave Projection | Bullish Dragon Flag SetupPrice action and chart pattern trading setup
> Bullish Dragon pattern in correction wave A, possible reversal for uptrend wave B
> Entry @breakout channel dragon ridge
> Target @ 0.618 retracement of previous top SMA200 zone
> Stoploss at the low A position - RRR: 2:1 downside -7%
Indicator:
> MACD bullish divergence signal crossing up baseline 0.
GPSC | Possible Bullish Dragon Harmonic PatternPrice action and chart pattern trading setup
> possible upcoming bullish dragon harmonic pattern
> recommended entry at falling wedge breakout
> 1st target at 0.618 Fibonacci retracement at dragon hump zone near volume profile key resistance
> 2nd target at dragon head zone for medium term trading
> 3rd runtrend for dragon tailswing above 1.0.
> stoploss at dragon front feet near the lowest candlestick
> risk reward ratio 3:1 for medium-term trade
Indicator:
> bullish RSI above MA line approaching 50 for a strong uptrend signal
> MACD golden crossed signal line just below baseline 0 - improving in momentum
always trade with affordable risk and respect your stoploss
JR | Bullish Dragon Triangle Pattern - Double Claws BreakoutPrice action and chart pattern trading setup
> Bullish dragon pattern symmetrical triangle
> double claws bottom strong bullish candle breakout above SMA 20 and SMA 50
> short term target at dragon tailhook resistance of the triangle 0.5 retracement and dragon hump 0.618
> medium term target at dragon head 1.0
> long term target at tail extended zone 1.618
> stop loss at the double claws zone
> risk reward ratio 2:1 for short term, 3:1 for medium term trade
Indicator:
> bullish RSI crossed above MA line over 60
> MACD golden crossed signal line just below the baseline - early trend
Always trade with affordable risk and respect your stoploss
Bullish Dragon on Litecoin with Bullish DivergenceThis looks to be a Breakout of a Bullish Dragon on the on the tail end of a Double Bottom.
We are currently attempting to find Break Hook Go Confirmation at both the Neckline of a Double Bottom and a Supply Line of a Bullish Dragon; if it plays out we will likely see a push up to a minimum of $189
BNBUSDT | Bullish Dragon Pattern - Time to swing your tail now!Price action and chart pattern trading medium term setup
> Bullish Dragon Harmonic Pattern - ridge breakout pullback entry
> 1st Target Hump zone 0.5 - 0.618 and the final target at extended tail swing zone 1.0 and above
> Stop zone at dragon claws zone - doubled bottom
> Risk ratio 3:1 for medium term trading
Indicator:
> Bullish divergence RSI and MACD golden cross
Always trade with affordable risk and respect your stoploss
Bullish Dragon with a 1.618 Max Target on SmallCap 600 Value ETFThe Small Cap Value Seems to be in a much better position than the rest of the market and in the case that the market Bullishly Reverses we may see the Small Caps severely Outperform the Indexes. This could lead to the Small Caps making a Minimum 88.6% Fibonacci Retrace from High to Low and a Maximum of a 1.618 Fibonacci Extension before we have the potential for further downside.
Bullish Dragon Breakout on AmpltudeWe have broken back above a Bearish Trendline and are Springing back above the 1.13 fib extension while testing the Neckline of a Potential Double Bottom and the RSI is back above the 50 line. Best case scenario here is that this price action is followed by a major Retrace to the upside between the 61.8% and 78.6% Retraces.