$BTC Wyckoff Distribution Pattern Potentially seeing this pattern play out, its tracking pretty well so far.
Will be paying close attention.
Patternanalysis
GBPAUD sell!!GBPAUD has been trading inside the given Parallel Channel for quite some time now . the price has reached the upper Resistance of the Channel and has already rejected it . Further supported by the confluence factor , that is , The M- Pattern !! At this point i am looking to sell .My final Target being 1.8530!!
BTC on its last run before decline.I know all of my chart predictions are extremely unorthodox, and heres one for BTC .
Previous all time highs for BTC bullrun was seen in the year 2017-2018.
We saw that the price has 3 progressive all time highs between 3 different dates, after which the price starts to decline.
These ATH dates in december 2017 were
7
11
and
16
What makes these ATH dates special in my extremely unorthodox prediction is that, first two ATH have a difference of 4 days between them, and the third being 5 days after that.
The third ATH comes at 1. 25x days of difference between the first two ATH dates.
which is
4 (different between 7th and 11th of december) x 1.25 = 5,
5 days later comes to be at 16th of December, which was the last time BTC ever pulled off the highest ATH price closing for the year 2017.
Using this for the year 2021 BTC bullrun.
We know that we have already had 2 ATH for this year.
These dates are
8
22,
Using what we know from our 2017 bullrun, we get a difference of 14 days between the two ATH we have had so far in 2021.
If we multiply 14(difference between date 8 and date 22) by 1.25, it comes to be 17.5 days.
So roughly at 17-18 days after 22nd of Feburary, which is on the 14-15th of March, we should see BTC at its ATH for this bullrun and then it should start to decline.
However it is possible that we could see another spike even after price decline but price will not close there and a massive selloff will take place.
End of prediction.
I am not a certified trader or an analyst, but I just do this for fun. Do not sell/buy using my prediction.
The Bullish Abandoned BabyLast seen May of 2019. Not much else to talk about. This one is for the books. (As if the Inverted head and shoulders wasn't enough.)
Enjoy this ride, there's too many bears out there for all the wrong reasons.
This is probably my final analysis for awhile on Bitcoin. Happy Stacking Sats.
The Coming Future
XRP tends to do these patterns based on previous ones it has made in the past. The left is the comparison, and the right is a zoomed out look of the two patterns. Now take this with a grain of salt as this is mostly pattern analysis and most people don't agree.
From the Corona March drop to August, is the same pattern, just extended a little bit. The ghost bars and the markings on the 1D show that this crazy spike is just a fake out for the moment, until the XRP fractal takes play in Jan/Dec months where it'll moon. The 2017/2018 moon where XRP jumped from .23c area to $3.84 also had a drop then moon; we still need to go through the drop phrase.
Even without the pattern analysis XRP has touched the .32c resistance and RSI and Stoch RSI both show overbought on the 1D. It might play around for a bit in the .32c area but a correction is coming soon. Keep in mind that the current United States is considering another lock down, some states have initiated it already. The UK is already in second lock down. The jobless claims are still increasing, and DOW and S&P look to be heading in a down trend. I believe a drop is coming, around 40% in total. As always, time will tell.
Credit to Mr. Level up for showing this pattern. His calls have been 80% correct which is far better than most traders, as their calls are usually 50% correct.
Not financial advise. DYOR. Trade responsibly, XD.
Apple stock caught in bear continuation pattern.Apple weekly chart is showing a bear continuation which means that the stock is headed downward in the short term.
The stock broke its support of $116 here and will likely continue and trade under $115 today.
If Apple can bounce back from sub 115, then we could see a move into the 117-118 level with resistance being at 118 for a confirmation on the next possible breakout.
Perfect opportunity for the long term stock investor to get into the stock and continue to average down should the stock come back.
In the options world, I am not seeing any significant news to push the stock up unless APPLE surprises investors with ER next week.
DXY (USD Index) 4hour Analysis September 20th, 2020 DXY Short Idea
Trend: Bearish
Trade scenario 1: Price action continues to fall and breaks through support around 92.60. Look for a confirmed lower high below 92.60 with strong bearish setups. Target lower toward major support and key fib levels.
Trade scenario 2: Price action turns bullish and begins forming higher highs. Look for a break and retest of 93.30 with confirmations. Target toward the 38.2% fib level
AUDJPY 4hour Analysis September 6th, 2020AUDJPY Long idea
This pair is now bullish on all significant timeframes and we recently saw a daily trend change when 76.500 was confirmed broken.
Current price action is now in a retracement and is near the 61.8% fib level. We will look for bullish transitions and bullish setups anywhere between the 61.8% fib level and key support at 76.500. Look to target higher toward key resistance and negative fib levels.
For us to consider short opportunities we need to see a confirmed break and retest of 76.500.
DXY (USD Index) 4hour Analysis September 6th, 2020 DXY Short Idea
Overall we are still very bearish on dxy until we see a significant break of a lower high on this timeframe.
At the current level price action is at we can see two potential bearish scenarios:
1.Price action confirms the lower high below 93.30 and begins another bearish leg. Look for strong bearish setups below the 92.60 zone. Target lower toward key fib levels.
2.Price action pullback to the 38.2% and confirms structure. Look for a lower timeframe transition to confirm the reversal. Target lower toward key fib levels.
For us to consider bullish scenarios we need to see a break of 95.00 with a confirmed higher low above the zone.
EURJPY Daily Analysis August 30th, 2020EURJPY Long Idea
Overall we are very bullish on all significant timeframes and are looking to continue with this trend.
From the current level of price action we can see two potential long opportunities:
1.We see strong bullish setups off the lower timeframe support that pice action is currently at. Target higher toward significant resistance.
2.Price action pulls back to key support at 124.000 which is in line with our 38.2% fib level. Look to enter on strong bullish setups and target higher toward key resistance.
For us to consider short opportunities we need to see a break and retest of key support near 124.000.
XAUUSD 4hour Analysis August 23rd, 2020Gold Long idea
Gold has been very bullish on all timeframes and is looking to continue with this trend.
We are now in a retracement and are looking for reversal setups near the 38.2% fib level and 61.8% fib level.
Look to target higher toward major resistance levels after seeing a bullish transition with strong setups.
EURJPY Daily Analysis August 16th, 2020EURJPY Long Idea
This pair has been very bullish on the daily and 4hour timeframe and we are going to continue with that trend.
At the current level we have two potential long opportunities:
1.Price action pulls back to form structure at the 38.2% fib level and forms a higher low with strong bullish setups. Look to target higher toward the monthly zone and -27% fib level.
2.Price action momentum continues and pushes through our monthly zone. Look to enter on a higher low above this zone. Target significant resistance level.
For us to consider short opportunities we need to see a significant bearish transition and a break below 121.250 with confirmed lower highs. Target low toward significant support levels.
USDJPY 4Hour Analysis August 16th, 2020USDJPY Short Idea
Overall we are very bearish on higher timeframes and are going to continue with this trend. Look for bearish setups at key fib & resistance levels.
Ideally we want to see a reversal at the current level. Look to enter on a bearish transition and confirmed lower high below the 106.000 monthly zone. Target lower toward our weekly support & -27% fib level.
For us to consider long opportunities we need to see a break of 107.400 with confirmed higher lows above. Target higher toward significant resistance levels.
AUDJPY 4hour Analysis August 16th, 2020AUDJPY Long idea
This pair has been in a very strong 4hour bullish trend and is currently at a major monthly zone.
We’re going to continue with the bullish trend and look for long opportunities above this zone.
Look for a significant break and retest of 76.700 with strong bullish setups to enter on. Target higher toward significant resistance levels.
For us to consider short opportunities we want to see a break of major support around 76.000 with confirmed lower highs below. Target lower toward major support levels
AUDUSD 4hour Analysis August 16th, 2020AUDUSD Long idea
Price action is very bullish on the daily and 4hour time frames and recently broke a major zone around 0.70500. Now we are seeing some consolidation above 0.70500 and are looking for potential long opportunities.
1.Look for a break and retest of 0.71900 with a confirmed higher low. Target toward the -27% fib level.
For us to consider short opportunities we need to see a major shift in price action. We would only consider selling when the major zone around 0.70500 is confirmed broken.
EURJPY 4hour Analysis August 9th, 2020EURJPY Short Idea
On the daily timeframe and below this pair is very bearish.
Current price action is in a retracement and we are looking for long opportunities with the overall bullish trend.
Ideally we would like to see a reversal at the 61.8% with strong bullish setups. We can target higher toward our monthly resistance zone and -27% fib level around 126.250
For us to consider short opportunities we need to see a significant break of 124.000 first with confirming lower highs. The real transition will take place after 122.750 is broken and price action moves below it.
AUDUSD 4hour Analysis August 9th, 2020AUDUSD Long idea
All significant timeframes are bullish on this pair and we recently had a change of trend on our daily timeframe when this monthly zone was broken and confirmed.
Now we are looking to continue with this bullish trend and enter on long opportunities.
We have 2 potential long scenarios:
1.We see price action reverse at the 61.8% and confirm structure. Look to enter on strong bullish setups, target toward the -27% fib level.
2.Price action falls toward the 100% fib level near our monthly support around 0.70800. Look for a reversal at that level and enter on strong bullish setups. Target toward the -27% fib level.
For us to consider short scenarios we need to see a break of our monthly zone with a confirmed lower high below it.
EURJPY 4hour Analysis August 2nd, 2020EURJPY Short Idea
Overall we have been very bullish on this pair and are looking to continue with this trend.
We recently saw a bullish break of a symmetrical triangle and are expecting a pullback.
Look for long opportunities around the yellow zone between the 61.8% fib level and recent broken structure. (The blue trade path)
For us to consider short opportunities we want to see a break of higher timeframe structure around 122.750 with a confirmed lower high.
USDJPY 4Hour Analysis August 2nd, 2020USDJPY Short Idea
Overall we are looking very bearish on this pair. We recently saw a pullback after a large bearish push. Price action is resting at our 61.8% fib level and monthly resistance zone around 106.000
From here we are looking for short opportunities and will enter on lower timeframes setups confirming another bearish push. (The blue trade path)
For us to consider long opportunities we want to see a break of our monthly resistance zone around 106.000 followed by a confirmed higher low. (The orange trade path)
AUDUSD 4hour Analysis August 2nd, 2020AUDUSD Long idea
We are looking for long positions only on this pair as all significant timeframes are very bullish and we recently saw a break of our major resistance/monthly zone at 0.70800
Price action is pulling back on this 4hour timeframe so we will watch for higher lowers and strong bullish setups to confirm another push higher. (The blue trade path)
For us to consider short opportunities we need to see a break below our monthly zone with a retest and confirmed higher lower. (The orange trade path)
EURJPY Daily Analysis July 26th, 2020EURJPY Short Idea
Higher timeframe analysis suggests an overall bearish trend but the 4hour has been extremely bullish since mid May.
Looking at the 4hour we can see that we will only be looking for long opportunities until we see a serious transition take place.
Two potential scenarios for price action:
1.Price action retraces, confirms a higher low and presents strong bullish setups. Look to target higher toward key resistance. (The blue trade path)
2. Price action pushes lower and breaks our 121.250 zone. Look to enter for short opportunities when a lower higher is confirmed. (The orange trade path)
USDJPY 4Hour Analysis July 26th, 2020USDJPY Short Idea
This pair is looking bearish on higher time frames but also is significantly bearish on this 4hour timeframe.
Looking for opportunities with this bearish trend we will have to wait for the right entry. Ideally we would like to see a retracement to a key fib level followed by bearish setups. This would confirm structure & a lowerhigh. Target lower toward significant support (The blue trade path)
If price action does push higher we would need to see a break of at least the 106.700 zone and a confirmed higher lower before considering long opportunities. (The orange trade path)
