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Lewisglasgow

Bitcoin - Bearish AB=CDTraders, today we have BTC/USD on the 4h chart with a bearish AB=CD pattern. The measurements for a valid AB=CD pattern are detailed below. C: 0.618 - 0.786 D: 1.272 - 1.618 I'd like to break down several aspects of this chart in order to show everyone exactly what I'm looking at. #1: Ascending channel and untested high Price is showing signs of indecision at resistance around $6,000. Previous ATH still untested. #2: Potential three drives formation #3: Similarity in price moves Price move A to B to achieve the previous ATH at $5,000 is similar to C to D. As always use this analysis in relation to your own. I'll be updating this idea as it progresses, I hope you all have an excellent weekend.
BITSTAMP:BTCUSDShort
by LewisGlasgow
11
Ripple - The Road to $1What's up traders, I'm back with a brand new market insight on cryptocurrencies, today I'm on the 12h chart with XRP/BTC. This is my first piece of analysis since my prediction back in April 2017 when I predicted the breakout from $0.03 (chart is shown below). Ever since investing in Ripple in early 2017 I've always had a long term target of $1 based on the technical aspect of the asset and the fundamental background of the company. The curve presented on the chart can be seen across various financial markets and is simply a representation of an asset becoming less valuable over a long period of time. (Since Ripple achieved a new all time high the asset has depreciated 85% and created a market low at 3450). You can see the curve illustrated is similar to the one we previously experienced this year. The present curve is acting as a resistance barrier which is keeping price from breaking out, as you can see we have formed a solid support trendline and price is now being squeezed between 4000 and 6000. We need a lot of volume behind this move for it to be successful, I believe the SWELL conference can provide this if the result is positive. To all of you who are not aware Ripple are holding the SWELL conference in Toronto over the next 3 days and this will impact the short term direction of Ripple, you can tune in to watch it live here: swell.ripple.com A lot of hype has been built up around this event but it was shortly buried as BTC stole the spotlight with a move to around $6,000. I'll be sure to update this move as it progresses, I look forward to watching the live feed for SWELL and see how the market reacts, if the result is negative I still believe Ripple to be an excellent addition to anyones portfolio over the longer term. Don't forget to leave a thumbs up and follow me for more analysis.
Long
by LewisGlasgow
20
CAD/CHF - Bearish 5-0Hello, Traders! I hope everyone is having a great weekend! I'm VERY excited to share and keep an eye on this set up with you guys. Today, we are looking at a bearish 5-0 pattern on the 4H chart with the CAD/CHF. Price seems to have started to reverse between 1.13-1.618 at B point. Lets look for price to break the current trend when the markets open back up to continue its way to C point. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Short
by cdschultheis15
AUD/USD - Harmonics Meet Technical StructureHello, Traders! Today, we have tremendous confluence on the 1D AUD/USD chart with a Bullish Crab and Reverse Head and Shoulders pattern . As price is making its way down to touch the neckline of the Head & Shoulders pattern, a Bullish Crab pattern is shown with D point right at the same reversal zone, while meeting a historically strong rising trendline. Risk:Reward - 1:3 The measurements for a valid crab pattern are detailed below. B: 0.382 - 0.618 C: 0.382 - 0.886 D: 2.618 - 3.618 Final X to D: 1.618
Long
by cdschultheis15
1
USD/CAD - Harmonic Confluence + TrendlinesTraders! Hope everyone has had a great and profitable week! The markets just keep getting better and BETTER! Today, we have MAJOR confluence. I couldn't ask for more....well, maybe I could... Here we have the USD/CAD on the 1D chart with a bullish AB=CD and bearish 5-0. The trendlines add additional confirmation, given the strength of each reversal. What we can really take away from this set up is not just where price will reverse, but adding the trendlines, we can predict WHEN. As always, I highly recommend account management on all trades. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 The measurements for a valid AB=CD pattern are detailed below. C: 0.618 - 0.786 D: 1.272 - 1.618
Short
by cdschultheis15
XAU/USD - Harmonic ConfluenceHello, Traders! Today, we have GREAT structure forming on GOLD! Here, we have a bullish shark and a bearish 5-0 pattern. I personally, LOVE these set ups... GOLDEN RATIO X2! Price has temporarily retraced at a support & resistance zone, which is also X point, but the down trend continues. With these types of set up, we ALWAYS look for the DOUBLE PLAY: 1. BUY the Shark 2. CLOSE at the 50% retracement 3. SELL the 5-0 SUPER excited to share this one with you guys and to watch this structure develop with you all. PLEASE set your stop loss appropriately, paired with proper account management. The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 Risk:Reward - The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
OANDA:XAUUSD
by cdschultheis15
1
Ethereum - Bullish BatHello traders, today we have ETH/USD on the 4h chart with a potential bullish bat pattern, it's currently completing the C to D leg and closing in on the PRZ. This is very similar to my previous analysis with Bitcoin. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 As mentioned the D point aligns with the daily support trendline which provides an excellent area to buy. More crypto analysis on the way :) I'll be looking for additional confirmation before taking the trade!
BITFINEX:ETHUSD
by LewisGlasgow
8
Bitcoin - Harmonic OpportunitiesThe crypto market is shaping up nicely this week and I'll be ready to capitalise on several price drops very shortly! Today I'm looking at BTC/USD on the 4 chart with two harmonic patterns forming at different price levels. Blue, bullish butterfly. The measurements for a valid butterfly pattern are detailed below. B: 0.786 C: 0.382 - 0.886 D: 1.618 - 2.24 X to D: 1.272 Black/Grey, bullish crab. The measurements for a valid crab pattern are detailed below. B: 0.382 - 0.618 C: 0.382 - 0.886 D: 2.618 - 3.618 Final X to D: 1.618 Right now price is dropping heavily towards the completion of the bullish butterfly at $3435, in this area I'll be looking to go long and take advantage of a jump in price. I will more than likely buy Syscoin at the same time to maximise potential profit, you can check out this idea below. Depending on future movement we may see the bullish crab complete just below the previous high at $3000. I'll be updating this idea as it progresses, I hope you all have an excellent weekend when it comes.
BITSTAMP:BTCUSDLong
by LewisGlasgow
22
Syscoin - Bullish 5-0Today we have an excellent buying opportunity for SYS/BTC on the 4h chart with a bullish 5-0 pattern, I'm absolutely loving the look of this setup already! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 The B point forming at a solid 1.272 adds to the structure of this pattern. At this current moment in time we are yet to complete the C leg at the minimum 1.618, I have highlighted the two most favourable outcomes if this pattern takes shape. 1. Price will reverse at 7750, therefore, forming a valid C point at the minimum 1.618 before completing the pattern at 5000 and providing an opportunity to go long. 2. Price will reverse at 9900, therefore, forming a valid C point at the maximum 2.24 before completing the pattern at 6075 and providing an opportunity to go long. I will not be buying until the pattern completes! Once we have a C point locked-in I will update the idea :) I hope you all have a great weekend when it comes.
SLong
by LewisGlasgow
22
GBP/JPY - Bullish BatHello traders, today we have GBP/JPY on the 4h chart with a potential bullish bat pattern, it's currently completing the C to D leg and closing in on the PRZ. All-round excellent opportunity with over 1:3 risk to reward. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 This aligns with my current short position on NZD/JPY as I'll be looking to close this in profit shortly. More analysis on the way :) I'll be looking for additional confirmation before taking the trade!
Long
by LewisGlasgow
35
USD/JPY - Bullish BatWhat's up everyone, here we have USD/JPY with a bullish bat pattern on the 30m chart, this is a short term trading opportunity. Excellent opportunity with over 1:2 risk to reward, as you all know that is my bare minimum for taking a trade. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 NZD/CHF is running in a nice profit and I'll be looking to add this position to the list whilst keeping it at a maximum 1% risk.
Long
by LewisGlasgow
24
BTC/USD - HISTORY REPEATS ITSELF - THE BIG PICTUREHello, traders! Today, we are looking at Bitcoin. Everyones has one similar question on the brain: WHEN WILL BITCOIN CRASH!? After analyzing the big correction for bitcoin in 2014, while keeping the parabolic curve in mind, price has made a huge correction at 4.618 when using the Fibonacci Retracement tool. This first measurement starts at tip of the wick in the peak of the parabolic curve and ends at the bottom wick at the lowest point of the correction. The corrections in the past have retraced to the 0.886, measured from the bottom of the parabolic curve to the tip of the new parabolic curve (further predicted from the 4.618 measurement). If history is the repeat itself, by the end of the year Bitcoin will be due for the MAJOR correction peaking at the price level of $4700 USD.
BITSTAMP:BTCUSD
by cdschultheis15
Bitcoin - Ahead of August 1stWell, August 1st is approaching and I'm putting forward one potential outcome following the changes to the bitcoin network. Today we have BTC/USD on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I understand the BAMM theory will be relatively new to most traders, this style of trading simply focuses on a breakout of the B point. A clear break and close below support at B would indicate further declines for bitcoin heading towards $1900 where we may see a short term recovery upon completion of the bat pattern . Green area displays the profit zone. If we do see a sell-off I will be sure to keep everyone updated.
COINBASE:BTCUSD
by LewisGlasgow
34
EUR/GBP - Bearish BAMMToday we have EUR/GBP on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I understand the BAMM theory will be relatively new to most traders, I've posted a few charts about this style of trading but it simply focuses on a breakout of the B point. A clear break and close below support at B would indicate further declines, therefore, completing the D leg around 0.87700. Below are my stop loss and take profit levels. SL: 0.89350 TP: 0.87700 This is an excellent opportunity with around a 1:3 risk to reward. Green area displays the profit zone. I hope you all have an excellent week :)
Short
by LewisGlasgow
2
XAG/USD - Three DrivesHello traders :) I'm back with a market insight on XAG/USD. Price seems to be forming a valid bullish three drives pattern and I plan to capitalise on its premature formation. Price completed the 2nd price drive at 15.18 and we may be starting the 3rd price drive once we confirm the 0.618 retracement level. You will need to pay close attention to price action and candlestick formations in the current area for the perfect entry point. A clear break and close above the trendline would indicate a move higher, therefor invalidating the pattern. The maximum level for an entry point would be a 0.786 retracement, ideally I would prefer a 0.618 retracement to keep a symmetrical pattern. This is a great trading opportunity with over 1:3 risk to reward. Thank you all for your continued support, don't forget to add me on social media :)
OANDA:XAGUSDShort
by LewisGlasgow
24
USD/JPY - Bullish Deep CrabHello traders, it appears USD/JPY is now forming a bullish deep crab pattern on the 30m chart. This is an excellent opportunity with a potential 150+ pip return! The measurements for a valid deep crab are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.24 - 3.618 X to D: 1.618 I'll be expecting price to stall out once it reaches the D point, this forms on a key level of support! Keep this setup on your watch list going into a new week. Connect with me on social media for more trading inspiration :)
Long
by LewisGlasgow
5