TradingNomadic

TradingNomadic

Looking for the sign of strength, into the top of the range, and likely some consolidation before the breakout, and expansion to target levels. Very similar to what a lot of these alts have been doing. Deviate below the range, reject and recover / test, then the impulsive move away from lower supply. I would expect no less than the 618 eventually, underneath...

TradingNomadic

To validate, youd want to see a reclaim of 0.004 and a checkback to confirm the break into the range is now being supported. Then youll typically get the sign of strength in short order, an impulsive move to 0.009 before you could expect a high and tight consolidation for the partial decline move / bu This could present itself as a checkback at the prior supply...

TradingNomadic

Beautiful right angled and descending broadening formation here on QI. We've gotten a retest of the top of the range, and potentially looking at the partial decline here. A retest of the range high, would statistically favor a breakout. You could target retracement levels into the 618, but the measured move of the bottom is 0.128 Often time these patterns will...

TradingNomadic

Real nice pattern forming here, with these potentially being the right shoulder / partial decline. Nice reaction backtesting .1045, we could come down and fill in that wick a bit still, but shows demand, where there was once resistance. The context is nice, a momentum shifting structure, after a long bear market, and 886 retracement, and the partial decline...

TradingNomadic

Looks like we have completed the Sign of strength phase, and the back up. This is where the real expansion starts after leaving the accumulation range. Looking left we can see we are above critical resistance, and historically, its straight up and down from here to target 3 with likely consolidation under the 2.618 Looking at the entire structure here as a...

TradingNomadic

Real nice Falling wedge here on REL, with a local Broadening bottom. We are currently breaking above the range low, and would want to see a checkback to confirm support, but above this level, we're looking for .02, and then likely an extension into .027 ish at the local 1618. From there, the major target is going to be the 618 at .044-.-05, and ultimately the...

TradingNomadic

Beautiful structure here, with a similar position as TROVE. Coming out of the deviation / spring low, and we would need to see a recovery of .004 as support to complete the test phase. After that would be the sign of strength, with expectations of a move into 009 and then 013, which is where we would expect the partial decline to come into play if it plays out....

TradingNomadic

Exponential growth exhibited on these last few bars here. Id expect this to be the deviation low / spring phase of wyckoff accumulation. We would want to see a recovery of 01, as support which would be your test. If the test is successful, we would look for a powerful third wave into the 618 around 03. Eventually making our way to 05, for the equilibrium of...

TradingNomadic

Nice macro bottom structure here on FIRO. Holding this lower zone here, historically will take you to 2.90-4.36 first. Im personally targeting the local extension at 6.52 just shy of the 618, however, the measured move of the larger double bottom here would take you thru the range high at 9, and likely into that 12.63-15 zone. An extension of last julys...

TradingNomadic

Looks like RVN is about to make its move here. Holding above .0201 is critical, with the first target from here at 0242, with a measured move at 0437. Eventually, id expect to see resolution all the way into the .0664-.0726 zone (confluent with the log 618) if this were to play out like CKB, and a lot of other PoW coins.

TradingNomadic

Real nice dragon here on TURT. Adam / eve style double bottom with a measured move up into the 618 retracement, which would also be the first target of the dragon. From here id love to see a checkback of 0147, before moving away from the lower end of the range here, which would be a confirmation that resistance is now support and offer a good level to lean...

TradingNomadic

Looking for an eventual run to the 618 here on ZEC which is also the measured move of the broadening bottom. Each checkmark along the side is likely going to act as short term resistance, the first being a critical support flip. The second, is the top of the range created with the broadening bottom / downsloping accumulation. To expect a continuation from there,...

TradingNomadic

Real clean double bottom here on SHIB, and a break of the downsloping supply line. First potential target here would be the zone just about the .382, and eventually to the .618, but as always taking it level by level. For context, transactions in the Shibarium ecosystem are up 4000% recently including sympathy moves from other assets in the ecosystem like BONE.

TradingNomadic Updated 

Another lower high here on DXY at the 886 retracement. Typically, in the case of an ABC, youd expect to see an eventual 1.618 extension lower. Using the 1985 peak to trough fractal, a move to the 1.272 would mirror that in both price and time, and could be a level we get a pivot, with an eventual move lower to the 1.618 by 2035 using the "When to make money"...

TradingNomadic

Looking for a retest here and recovery of the range low. which would give confidence to our idea of the the spring phase here on the last sweep of the lows We would expect to see strength coming off a successful retest, and price should move next to the last point of supply and toward the top of the range which would be your sign of strength. Its still early...

TradingNomadic

Nice move here on RSS3, attempting to break back into the range. Ultimately youd like to see a checkback to confirm support and show buyers stepping in at higher prices to support the level. Above here, id look for a retest of .16 and .26 eventually, with .37 being a full return. Commonly youll see these types of patterns break thru levels like .16, over shoot,...

TradingNomadic

NKN seems to be coming out of this rounding supply line here. In the context of an accumulation range, this would be equivalent of "jumping over the creek" If it holds up, id look for a test of the top of the range next at the 382 / 0.16 Above that, historically its a pretty swift move up to .32 and .43 It wouldnt be alarming if we retested the bottom of the...

TradingNomadic

This is a schematic i put together incorporating the different ideologies and methods of trading the Bullish Dragon / Double bottom pattern, and simple Elliot wave theory / Wyckoff method key points. You've got your basic parts of the Dragon. -Head - (top of supply line) -Feet (double bottom) -Spine (supply line) -Hump (Overhead supply / double bottom...