TradingNomadic

TradingNomadic

Real nice setup here on ROSE. Inverse head and shoulders in the context of a lower range deviation and recovery. The retest of the range low came in on low volume, which is what you would want to see in a Spring event and checkback using the wyckoff method. A common retracement would being us first to the range high at the .382 with the measured move of the...

TradingNomadic

We have reached the RED Long MA, which is historically the first step in the recovery after accumulation begins. Next, we have always seen BTC have a mean reversion to the White Long SMA next before a more drawnout and deeper correction. After we get that correction you would expect to see reaccumulation begin again before the "Bull cycle" begins as we near the...

TradingNomadic

This ones a little illiquid but doing all the right things to support the idea of the head and shoulders pattern. Nice volume on the break of the lower resistance, and again on the checkback. Id feel better about it with a close above the inflection zone, or the neckline with a checkback, but given the illiquidity, these type of coins dont always give that...

TradingNomadic

It looks like that mightve been the worst of it. We might have a running flat / Bullish cypher here, and a smaller bullish shark (expanded flat) for the BCD leg of the cypher. Holding high and tight above the 382. Really want to see a successful checkback above the inflection zone to gain confidence in another test of the range highs. If the correction is over...

TradingNomadic

Theta is a nice example of this pattern still developing. This is a critical level. Typically once this level breaks you either get consolidation for the checkback, or straight to the top of the range, and the .382. This also happens to be a gap zone in the chart. After that i would be watching for a move to the 1618 zone at the 50% retracement. If you look left...

TradingNomadic

This is a very critical level for Bitcoin. Holding above the range highs like this would be considered a checkback, and if successful, would be considered a major breakout. Ive attached a pattern studied by Thomas Bulkowski. The right angled and descending broadening wedge. This is another confluence with the idea of bitcoin going much higher into retracement...

TradingNomadic

Been in this one since the bottom but there is another development here. An inverse head & shoulders and the right shoulder is backtesting the inflection zone as support. I figure we will at least go fill in those last couple wicks and test 3.30 again if it holds above this zone, but the measured move of the inverse head and shoulders should bring you beyond...

TradingNomadic

Still watching this 3 rising valleys pattern on DOGE. This is a classic accumulation structure making higher highs and higher lows. Above this local zone we are breaking, its a pretty straight shot up to .15 cents but if we can get into the upper zone, i think the real target is going to be .30 cents. Personally taking these patterns zone by zone and keeping an...

TradingNomadic

Looks like we might be getting a partial decline here which is typical after testing the top of the formation the first time. Need to see a clean break above that level to open things open to the top of the range at 29$. TOTAL2 is developing a strcture just like like this, and across the market, most of these structures at least reach a . 618 retracement Judging...

TradingNomadic Updated 

This is a work of art. Thomas Bulkowski talks about the right angled and descending broadening formations, and this also fits into my previous outline of the TOTAL2 charts progress inside of a wyckoff distribution schematic. Typically these dont break out on the first attempting, but the retrace now gives us the argument of a partial decline inside of this...

TradingNomadic

YGG testing a critical zone here after breaking out of the falling wedge. You can see on the volume profile the amount of acceleration thats taken place. If bulls manage to break above this inflection zone, historically its .89 cents next with a little overhead supply around .66 cents Above the range, id anticipate price to return to the orange zones to...

TradingNomadic Updated 

I posted a similar chart with this pattern back in July 2021 before Bitcoin ran up to hit the 1.13 eventually before a major correction. Ive been posting a smaller version of the dragon but since ive seen how the rest of the market is playing out, ive updated some targets. Of course 28k will be a major zone of resistance, but a common retracement to the .618...

TradingNomadic

Nice clean checkback on the supply line here, still have some work to do on clearing out the Ichimoku cloud though. Id find confidence above 1.16, ideally with a proper check back followed by continuation. You would need to test the .382 at 1.84 (Dragons hump) next, with a little overhead resistance at 1.37 on the way. Historically its straight up and down...

TradingNomadic

Looks like we're attempting to break and test the downtrend here on AAVE. If it holds, the next move would be up toward the .382 to test the Dragon "Hump" Many of these patterns in the market right now are reaching the .618 fairly easily which is sitting around 189. Above that id probably look for the 2.0 extension of the local range at 267. This is a 3 day...

TradingNomadic

ICP looking great here still after recovering into the range and a successful checkback. Breaking local highs here with overhead resistance at 7$. Historically its straight up and down between here and 9.45 which is what the green circles represent. 14.58 would be the next resistance levels above that where the wave began that brought us into this part of the...

TradingNomadic

Real nice pop on our SOXL long entry today. Engulfing above local highs and 2019 resistance. Should be a smooth ride up to the test the precovid highs, but if the market continues to rise, the 382 would be a target beyond that at around 32.

TradingNomadic

We have broken the downsloping supply line here on EBAY, whether you want to look at this as a 3 drives or an inverse head and shoulders, the targets would be similar. Another one with clear divergence, rising momentum and volatility.

TradingNomadic

Another inverse head and shoulders we have been following, setting up for a 3 bar play, bullish continuation. A little off the entry on this one but volatility is still rising with momentum and above clear resistance. A check back would be ideal, but its hard to say we will get one this far along.