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Harmonic Patterns

Bitcoin - More blood will follow (Do not buy now, buy here!)Bitcoin is completely manipulated by the banks and huge institutions. They sent Bitcoin down just to make your Christmas and New Year celebrations bad. But luckily I warned you about this crash a few days ago, just before it happened in my previous analysis, when almost everyone was drunk with strong greed. Bitcoin crashed by 15% so far; altcoins are down by 30% to 70%. The last days were very profitable, but let's focus on the future, because that's the most important. Bitcoin bounced a bit from 92k to 99k, giving players hope that the bottom is in. But do not be fooled, this looks like a corrective move for multiple reasons. The first reason is that the crash was extremely fast and strong, pretty much no one expected such a drop in the short term. My Elliott Wave analysis suggests that this is a strong impulse wave 12345 and therefore the start of a larger corrective structure ABC. We have finished wave A, now we are in wave B, and we can expect wave C to finish at around 85k! You want to take a Fibonacci extension, as you can see on my chart. I strongly recommend waiting for 85k because we have an unfilled FVGAP on the daily chart, and this needs to be tested. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
131
BITCOIN Are you scared enough? Or need to see more pain?Bitcoin (BTCUSD) touched its 1D MA50 (blue trend-line) for the first time in more than 2 months (since October 11) and is rebounding. The first presence of short-term buyers was actually felt on Friday, when the price came close to the MA50 again and rebounded aggressively. This is a natural technical reaction during such aggressive uptrends. The key Support level during BTC Bull Cycles however is the 1W MA50 (red trend-line), which has been supporting since March 2023 and was successfully tested (and held) twice on August 05 and September 06, the last of which was technically the start of the current Bullish Leg. ** The Fibonacci Channel Up ** Bullish Legs are technically part of Channels and this time is no different as Bitcoin has been trading on a Fibonacci Channel Up since the very bottom of the last Bear Cycle in November 21 2021. As you can see, we have classified the price action on this pattern in Phases, each of whom trades within one range upwards, which is why the Fibonacci Channel succeeds at accurately displaying BTC's current logarithmic rise during this Cycle. ** The Phases and the high symmetry ** Phase 1 (blue Channel) traded within the Fib 0.0 - 1.0 range, Phase 2 (green Channel) within the Fib 0.5 - 1.5 range and we expect a 3rd one, Phase 3 (red Channel) to trade within the Fib 1.0 - 2.0 range. As you may assume, there is high symmetry between sequences, Legs and pull-backs within this pattern and the one that stands out is that rallies so far tend to record +100% rises. More specifically, both the April 14 2023 and January 11 2024 Highs of +100% rallies, then pulled back towards the 0.382 Fib retracement level, the first didn't hit it, the second almost did. ** Will we test the 1D MA100? ** But that is the rally that displays the most similarities with the current one and after hitting its 1D MA50, it broke even lower and only found Support and bounced on the 1D MA100 (green trend-line). You can see even how identical their 1D RSI sequences are, which are Channel Down patterns that started showing a bearish divergence much earlier than the top. Right now the RSI is holding the 45.00 neutral level, but the January 2024 and the 2023 fractals turned into a buy on the key 36.00 level, which is bearish territory. Even though Bull Cycles tend to get more and more aggressive as we approach the end of the Cycle and ignore previous Support levels, the 1D MA100 is currently at $79250 and rising, indicating that it can 'meet' the price on lower levels than currently, assuming how quickly the RSI also hits 36.00 (any of the two conditions hits first, the cyclical buy signal can be valid). ** The remainder of the Bull Cycle ** Beyond that, we expect the next High, as we've already entered Phase 3, to be on the -0.5 horizontal Fibonacci extension (as March 13 2024 was) and on the 2.0 Channel Fibonacci ext at a price of $150000, which is the next technical extension of the Channel. After that, you can see that both Phase 1 and 2 started multi-month Accumulation phases with a potential maximum correction to the 0.382 Fib again and as Phase 3 concludes (and possibly the whole Bull Cycle), we may see another +100% rally and a possible Top at $200000. So for the current situation the key question is as mentioned on the title: 'Are you scared enough?' now the 1D MA50 has been tested? Because we may very well drop as low as the 1D MA100 before the Fear & Greed Index turns market sentiment to 'Fear' again and makes the majority misjudge the market activity as they always have. What do you think will happen next? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
1
Bullish Cypher - SPY spotted a bullish Cypher pattern on SPY’s daily chart, and it looks promising. Entry: Current Market Price Stop Loss: 575.50, just under the D-point, to give the trade some breathing room. Targets: All time high Ideas and Inputs are welcome. Thank you for dropping by. Disclaimer: This analysis is for educational purposes only and is not financial advice. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always do your own research and consult with a financial advisor before making any trading decisions.
AMEX:SPYLong
by Krut4rth7
5
AMD Strongest buy signal in more than a yearAdvanced Micro Devices (AMD) is approaching the 1W MA200 (orange trend-line), extending a 10-month correction of Lower Highs and Lower Lows since the March 04 2024 High. The last time the price came close to the 1W MA200 was more than a year ago on the October 23 2023 1W candle, which was the previous Higher Low of the Bull Cycle that started on the October 10 2022 market bottom. The 1W MA200 has been basically holding as the stock's long-term Support since the January 23 2023 bullish break-out and has been successfully tested 3 times already. The 1W RSI shows that the corrective wave since October 2024 is very similar to those that led to the previous 2 bottoms. In fact the whole correction since the March 2024 High has been almost -48%, approximately the same as the late 2022 correction. Notice also that so far each Bullish Leg (green Channel Up) rose by +141.87%. If the 1W MA200 holds yet again and kick-starts the new Bullish Leg, we expect another +141.87% rally until the next market Top, so we set a Target at $280.00. As a side-note, see how accurately the Sine Waves display the previous two bottoms, indicating that there is a high degree of symmetry on this Bull Cycle. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
2
Bearish drop off pullback resistance?The Fiber (EUR/USD) is rising towards the pivot which acts as a pullback resistance and could drop to the pullback support. Pivot: 1.0464 1st Support: 1.0333 1st Resistance: 1.0600 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Bearish drop?USD/JPY is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support which aligns with the 38.2% Fibonacci retracement. Pivot: 157.85 1st Support: 154.75 1st Resistance: 161.80 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
2
A Merry Christmas To All! I wanted to post a short message here as I have no pairs on watch for today going into the Christmas period this week. A HUGE thank you to all of my followers who have supported me through 2024, all of the boosts and comments you guys have made are really appreciated. I look forward to seeing you all back here for a massive 2025, full of momentum and speed to make next year YOUR year. Have a great time with family and friends over this next week or so, make sure you have your plan of action in place to hit the ground running come January the 1st!
TVC:DXY
by JordanWillson
4
Analysis of gold price trend this week--2630--2680Analysis of gold price trend this week, fluctuation range - 2630-2680 "Gold investors are like gamblers - they just wear nicer suits and call their losses 'portfolio adjustments. Predicting gold prices is like predicting the weather - the weather is less often wrong!'" Williams' gold weather forecast: Theoretical basis: straight lines belong to humans, curves belong to God Obviously, the remarks of Trump and Powell are like Chinese crosstalk. They are singing a double act, Trump plays the red face and Powell plays the black face. Together, they reap the wealth of the world. God's perspective - as shown in the figure: We use the S line to symmetrically divide all trends, and we can draw a clear conclusion: The gold price around 2630 is a normal rebound, but it also means that this wave of market has been digested. Next, the gold price will move out of the new S line: The most likely fluctuation range: 2630-2680 It is obvious: 1: If the gold price falls in the future, it is likely to fully absorb funds at 2630-2680, which means that the gold price will continue to rise in the short term. 2: If the gold price rises in the future, it is likely to stabilize at 2630 and fully adjust, which means that the gold price will continue to rise in the short term. 3: If the gold price fluctuates in the future, from a macro-cycle perspective, it is likely to fluctuate in the range of 2630-2680, which means that the gold price will continue to rise in the short term. Summary of this week: Gold price adopts a low-multiple approach, macro strategy reference: BUY: 2620-2630 SL: 2600 TP: 2680 Specific operations, I will continue to follow up on ideas. If you are interested in my analysis, you can discuss it in the comment area, and I will explain, share and communicate with you one by one
OANDA:XAUUSD
by Brad_Williams
3
Bullish bounce?The Swissie (USD/CHF) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 0.8868 1st Support: 0.8775 1st Resistance: 0.9019 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
The last bullish chance of SOLANA !!The price has broken the cup and handle pattern and has also completed its pullback. Now is the time for the price to rise. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2