Potential higher low setting up on BTG. R:R is really good
It seems C has finally formed on Monero. If this is correct then we are looking at getting in to take advantage of price moving up to D (78.6%) which will complete the Gartley pattern. I have been long for some time (was painful 3 weeks watching price go lower / side ways) but we have some really positive price action now including today BIG green bar. I will...
As the proud user of the Brave browser I was looking for a place where it made sense to get some BAT. Then I saw a virtually perfect bearish BAT pattern... holeee shit :D In the video i plot the pattern, discuss the pattern and then move on to what seems to be the beginnings of a Butterfly pattern.... what that essentially means is should this pattern work,...
IOTA has had a really nice run up in price recently which has lead to it missing a number of central pivots (2 daily / 1 weekly) which lead me to take a closer look. When I did I saw that I dragged a fib and saw price react off the 78.6% level which looks to be like B in and ABCD of a Butterfly. The Butterfly could turn at 1.272 or 1.618 extension, once price...
Neo is reacting nicely off the 78.6% level which is D of a BAT or a Gartley depending on where you want B to be. As you will see in the video there is a case for either 50% of 61.8%. Either way price is / has reacted nicely off the 78.6 level and seems to be heading to the April Central Pivot. If I see price get to a point where it could make sense to enter /...
Was it the pattern that caused the price drop yesterday or the news?? this is the question that is super interesting to me. If you plotted the fib on this chart and price made a B at or very near to 78.6% level and then we got a C between .382 & .236 we can then expect price to complete the butterfly and get up to 1.272 or 1.618 extension. In this case price...
SO the BAT from previous video (see below) seems to be working which is nice to see. In the video I also mention a smaller Bearish Bat that looks to be setting up and how that might impact price this week. I also mention that if price does turn at 78.6 that could be the B point of a Butterfly before price moves down to C which I will then look to trade up to...
In this analysis I take a look at a BAT which has really worked nicely and subsequently I look at what looks to be a Butterfly setting up which seems to suggest in the coming months ETH might out perform BTC. If the Butterfly is setting up then I am waiting for price to head a little lower to touch a missed monthly central Pivot from a couple of months back. ...
Nice looking BAT on Lisk daily chart. Price reacted nicely off the 78.6% level and has made a couple of higher lows / highs. Now the question is could price get back up to March missed Central Pivot. HOPE SOOOOOOOO :D As I mentioned I will post in the notes if I see a nice opportunity to add to position / enter an initial position. I'll also include stop and...
I was thinking last night about where Bitcoin might go this week after a positive week last week in which it came back to April's monthly central pivot from a low of $6434. Price is right at the monthly central pivot and this weeks weekly is below at $7831. What I would like to see is for price to come down touch the central pivot and "use" it as support...
Really nice looking Gartley is setting up on OMG. In this case we are looking to trade the CD leg. Risk:Rewards looks great I'll post an update with Entry & Stop levels once I have my order in. Lets see how things play out.
bitcoin spike is something i haven't seen in a while and to be honest its a nice surprise. I was paying attention to some missed pivots above price for a while and price went up to meet the 1st (missed april central pivot) and got very close to the 2nd (missed weekly central pivot) from a few weeks ago. This got me to zooming out to a daily and trying to figure...
I spotted two patterns completing in virtually the same price level. This is a long shot trade as price may never get down there but for a small amount of capital with a long term outlook the returns could be in the 1000's of %
Bitcoin has bounced some 15% off of the completion of the BAT pattern at 88.6 fib retracement. Where too now... in the video I make the case for April's monthly Central Pivot which also happens to coinside with a 1:1 of the previous retracement. At this point BTC will face some resistance in the Central Pivot & 200MA. I'm not in yet, so will update when that...
6452.90 is the low which if it is breached we could be looking at $4000 BTC which will pull the rest of the market down. I'm not one for screen watching but this is fascinating stuff.
As mentioned in the Video... this is really the last bullish harmonic pattern out there at the moment and it just happens to be on the most important Crypto of them all. From time to time BTC does not determine ups & downs in other crypto but that is the exception. At the moment the RULE is BTC is leading the way so if this pattern were to "work" then that is...
In this video I try to illustrate what happens following Parabolic Price Action (when price goes vertical up or down). In this example I show the initial move up in BTC and then roll price forward to the most recent move up in BTC. Both vertical moves were followed my reversals. Moral of the story is when price goes Parabolic (up or down) expect a correction.
Both the BIG Bat & little butterfly are completing within 1cent of each other. Thown into the mix is a 1.618 ext at the same level. Additionally we have S1 a little lower for an additional reason for price to find significant support before heading higher. I will update on entry, stop & take profit levels once trade is live.