Get started

Gartleypatern

CRYPTO- Patterns & patterns. ALGORAND.BINANCE:ALGOUSDT In this post I take a look at some of the patterns I trade and how often they show up. This is a30min chart over the last couple of weeks of ALGORAND. Firstly is a 3 DRIVE into the high. This pattern often occurs at highs or at lows and normally has an ABCD pattern with it. Next we have the 135 pattern which occurs when leaving a high or a low. After that we have the AB=CD Pattern. Now we are completing a Gartley and Butterfly pattern coming in at mulitiple Fibonacci levels. This is just a look at the patterns I use and how often they occur. I hope this helps. Enjoy the day. 👍👍
Education
by L_F
XRP - Bullish Gartley PatternAfter a bit of a cool down of a crypto market, we are again starting to see some strength in certain altcoins, this time without BTC leading the wa like few weeks ago. We want such things to continue where btc ranges and slowly grinds upwards towards 50k area. it is only during such times is when alts have the best chance to outperform BTC, maybe even completely decoupling from its price in the final moments of the alt-season (days) for a short period of time. This is because investors get bored with BTC and so money starts to rotate from those with most of the gains already made (like BTC, ETH, ADA) into lagers and one of those is XRP. I've also noticed a far to familiar pattern that has formed and got broken out of in recent pump. We are talking about one of the XABCD harmonic pattern and this one seems to be called gartley pattern. It is a very bullish sign to say the least. Will update about the price in the upcoming days to further confirm the breakout. I am not a financial advisor so non of this should be taken as a financial advise. Be Well. BINANCE:XRPUSDT
Long
by AVA37
Critical point!Haven't changed this chart apart from adding the 50 & 200 SMAs, which as you can on this time frame is starting to converge into what is known as a death cross. This is extremely old and outdated TA but I think it's still relevant providing you spot it as soon as it starts to converge, not as it is crossing. It's also resting on the monthly pivot point as well as making a lower high on the RSI. I think yesterday's tiny correction was to allow the RSI to cool off on the 1 &4h TFs.
OANDA:NAS100USDShort
by Mr-R-Sole
USOIL - Lower prices to come?Taking a look at the OIL this month we have a chance at getting back down to $80/Barrel or lower. Firstly if we look at the AI for the month it looks to be choppy with a sell off later in the month. I have marked a couple of critical dates. Highs or lows into these dates could mean a reversal, for example if we are at a low coming into the 28th of April then I would expect a strong rally and vice versa a top into this time. On the pattern side of things we are in an ABCD to the downside taking us to 90.86. This will be the first target if it can get back down below the 78.6% @ 98.54. The bigger Gartley pattern has going down to the $80 area where we have multiple FIB levels. The main level being the 382 from the 2020 low, there is also the 1.618% extension @ 79.50 from the recent high/low. ABCD Gartley comes down to 80.86. This could be the start of the next move higher or the possibility of lower prices. With all the news going on its better to stick to the patterns. Enjoy the week. 👍👍🤑🤑
TVC:USOILShort
by L_F
Possible Gartley on GBPCAD DAs you can see, this channel has already produced a Bat and a Cypher (very good ones btw), and now a Gartley is forming. For sure is not a perfect Gartley... B point is far away from the ideal .618, but it is also far away for the .786 (Butterfly B) I'll keep an eye on the price (and the very important news to come on monday). Numbers look like: Entry: 1.69234 SL: 1.67580 TP1: 1.71548 (1.38 RR) TP2: 1.72262 (1.84 RR) TP3: 1.72977 (2.25 RR) etc... Not a perfect one, so no Limit Orders entries...
Long
by EnzoDamario