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Measuredmove

UPDATE: BTCUSD retesting Dec '18 reversal pattern necklineBTCUSD's blowoff top, 30 day phase ended December 17, 2018, harmoniously near key GANN Solar year date, Dec 22. At this point began BTC's 30 day reversal pattern which confirmed in 29 days since the December high. Next phase, the continuation phase, lasted an additional 30 days, with price breaking down the neckline BTCUSD 12500, and quickly retesting, only to fail and complete a measured move from the December '17 highs down to BTCUSD 6000. As this move was 'Oversold' considerably, on numerous technical indicators, a bounce occured off the measured move into our current phase: Retest. Expectations for February - March 2018: I expect the declining tops line to hold as support in the Retest phase, and into the continuation phase. In the near term, 1. I expect BTCUSD 12500 to retest in February, finding selling pressure before March begins. 2. I expect BTCUSD 6000 low to retest in mid March, offering some support, and into a minor correction. In April 2018 I expect BTCUSD to reach 3000 before establishing legs for the next bullish move up. I am utilizing GANN days after a top/bottom to forecast potential correction/continuation/reversal days. I am utilizing key pivot points (price levels) that may indicate support or resistance for a potential correction/continuation/reversal of the trend. *Notice how price finds key trading levels at 3000 6000 12000 18000
BITSTAMP:BTCUSDShort
by MacroFinZ
3
XRP: Measured Move As we all know, XRP has been booming, as of late. However, with great price movement comes great retrace. At a glance, XRP appears to be shaping up for a Measured Move. In case you do not know what a Measured Move is, here is a very simple explanation: - A Measured Move is a three-part formation consisting of a reversal advance, correction/consolidation, and continuation advance. Long story short, this is a bullish continuation pattern. - The first advance usually begins near the established lows of the previous decline and extends for a few weeks or many months (in this scenario, it is a few weeks). Ideally, the advance is fairly orderly and lengthy with a series of rising peaks and troughs that may form a price channel. - After an extended advance, consolidation or correction can be expected. Since XRP's price is clearly going through "correction," we can expect retracement ranging from 33% to 67% of the previous advance. As it stands, we have already surpassed 33% with no signs of stopping at 50%, so I would aim for 67% retrace. Generally speaking, the bigger the advance, the bigger the correction. - After calculating potential retracement targets, the next continuation advance can be calculate as: distance from the low to the high of the first advance plus (+) the low of the consolidation/retracement estimate. This will give you your target price projection for the ensuing advance. My calculations and assumptions are as follows: - Extended Advance low: $0.23 - Extended Advance high: $3.35 - Difference: $3.12 - 50% Retracement of first advance: $(1.56) >> $1.79 (Buy) >> $4.91 (Sell) - 61.80% Retracement of first advance: $(1.928) >> $1.42 (Buy) >> TP $4.54 (Sell) - 67% Retracement of first advance: $(2.09) >> $1.26 (Buy) >> $4.38 (Sell) So, there you have it, folks. The end is not upon us... yet. There is still much money to be made, and I wish you all the best of luck! -MV
KRAKEN:XRPUSDLong
by wallstreetwise
9
BTCUSD, up to 19K ?Lots to work with on BTC right now on the 4hr. Measured move on the Head and Shoulders sets a target for close to 19k. Two strong resistance barriers right above current market value... need to beak past that to be able to focus on a higher target. On the other hand, price action is strong within an upwards channel and the High RSI levels and lagging Moving Average can set up a retrace to the bottom of the channel. On the other hand, if Market can't slide past 16300 level we might be looking at a double top, although we believe it'll break the resistance levels slowly to allow for RSI to cool off and Mov Avg to catch up.
BITSTAMP:BTCUSD
by ChasingTheMarket
IF AT FIRST YOU DON'T SUCCEED SHORT! BEARISH CYPHER ON EUR/USD.So my first attempt to Short EUR/USD failed. That's ok. You can't and won't win them all in the trading business. The market does what it wants. That said, in my previous post, I mentioned another shorting opportunity in the form of a Bearish Cypher Pattern on the 4H chart . Well, price action is now confidently moving very strongly towards the completion of the identified pattern (we still need to see it complete though). In further support of the bearish expectation, I anticipate the bullish move currently seen in price action - as mentioned in my previous post (see 2618 Second Chance link below)-, as a relief rally after the break of the Daily Chart H&S (see EUR/USD-THE END OF THE BULLISH TREND link by @ Akil_Stokes below). Further analysis indicates an equal measured move (EMM-) into the kill zone (yellow rectangle with purple border) of the Cypher pattern . There is also Fib confluence with the EMM and the pattern completion in the forms of: - 38.2 % Fib retracement from the Head of the H&S to the C point of the Cypher - 61.8% Fib retracement from the peak of the Right Shoulder of the H&S to the C point of the Cypher -161.8% Fib extension from C to B to C of the Cypher which incidentally also falls in line with the completion point D of the Cypher As a final analysis icing on the cake as it were, we're seeing overbought Stochastics across time frames (Daily, 4H, 1H and even Monthly with the Weekly being the only outlier. IF price action can complete the Cypher pattern , THEN I can begin looking for an entry reason (most likely on lower time frames) into this anticipated trade (e.g lower low lower close (L.L L.C) candle, double top (D.T) in the completion area...). Stops would ideally be above the X point. However, if the Risk profile is too great (which with the size of my account it usually is with Cyphers and Gartlies on any time frame), my ideal approach (I still consider myself new to trading so I trade with a smaller account and as such I don't trade off the 4H or Higher), I would look for a lower time frame reason for entry in the form of the above mentioned examples (D.T, L.L L.C candle...), to provide an ideal and reasoned basis for setting my stops/responsibly and reasonably managing my risk, while providing a practical basis to get involved in the trade. IF indeed we get the anticipated bearish move (remember market does what it wants) my targets would initially be 38.2%, 50% or 61.8% retracement of C to D (the highest point established not the anticipated completion point). My next targets could then be a retest of the lows at C. As a swing trade looking to ride this down to the measured target of the H&S , I'd be looking at about the 1.1247-50s (IF anyone does take this trade, be sure to measure targets for yourself. My method of measurement may be highly different than yours and produce different targets). So that's my analysis. Thanks for letting me share. Happy Hunting and Good Luck in your trades today, this week and for the rest of the year. DISCLAIMER: Like most of you here, I consider myself to be new to trading and I'm in the process of learning just like you. Any ideas posted here are my own opinion based on my personal approach to analysing and approaching the markets and do not constitute trading advice or recommendation to trade any financial instrument. You are responsible for the trades you take and are aware of the risks associated with trading. Please do your own homework and analysis and be sure any trades you take meet your own personal rules and plans. Trading involves significant risk and you could lose more than you initially invested (I love trading disclaimers. They have really kept me grounded, kept me positive and optimistic and helped me realise that while there is risk there is also opportunity if approached and managed responsibly and as a business. It was the prime driver for my seeking an education in trading)
Short
by scorpiousg
GBPUSD - EQUAL MEASURED MOVE INTO STRUCTUREFollowing up on this weekends video, here's a look at how the GBPUSD is progressing. If you remember I was looking for a potential retracement back into our previous level of structure & a chance to take advantage of a short-term shorting opportunity. If the market puts in another equal measured move higher, it would leave price right the highs of a previous level of consolidation. At this level I would expect to see some relief. As always we want to be predictive in our analysis, yet reactive in our execution so I'll be waiting to see how price reacts first before getting involved. Good Luck this week traders!! And if you'd like a video explanation you can click one of the links below. Akil
Short
by Akil_Stokes
14
POTENTIAL COUNTER TREND OPPORTUNITY ON EURUSDI've tried to keep this as clean as possible but, there's so much going on in this chart so please bear with me. Price action on EURUSD has come into a previously identified support level anticipated to be a rally point following the break down below the neckline of an H&S identified on the Daily Charts (not shown/addressed here). This support level was anticipated to give the market some pause before resuming it's intended direction to complete the H&S at measured targets. That said, an interesting opportunity has arisen in the form of stochastic (12,3,3) bullish divergence on the 4 hr chart at this support level. This provides some confidence in my anticipated short term bullish expectation. In support of my prediction: 1. We have an equal measured move completing at the neckline of the H&S at about 1.1860 2. There is fib confluence at the EMM zone in the form of a 50% retracement from most recent major swing high to current lows, 38.2% retracement from high of the Head at 1.20885 to current lows and a 161.8% inversion of current lows to swing high at 1.18094 (CURRENT LOWS = 1.17163) As an added support to this prediction, there is a Potential Bullish Bat pattern setting up on the 1 hr chart (), which, IF it can complete will THEN provide a good entry opportunity and also participate in setting up a double bottom on the 4 hr chart. My targets would be at: T1 - Highs of the Bat at 1.1757 T2 - Previous structure at about 1.1790 and T3 - EMM at 1.1860 Feedback on my analysis would be quite welcome and appreciated. Usual disclaimers expressed. I am not a licensed professional (I am in-fact still learning how to trade). All views and opinions are my own and do not constitute trading advice. Please seek professional advice before risking your scrilla on any trades. Good luck with your trades today
Long
by scorpiousg
5
rai inverse head and shoulder breakouthigher timeframe showing strong uptrend and excellent trend strength intermediate timeframe showing trend alignment and showed the breakout of resistance area 67.0x area after completing inverse h and s pattern with strong positive volume pressure measured move from head of pattern to neckline is a .55 move which should give projected target of 67.55 and extension level .618 at 67.8x area consolidation in this previous range should provide enough momentum and relative strength has room to run setting stop underneath breakout candle in case of a false breakout move
RLong
by inco1