TradingNomadic

TradingNomadic

Still looking for some more confirmation here, but im really leaning toward this being the hard level we bottom at, at least on higher time frames. Maybe we get another swipe at the lows to really pull away from the range but i still want to reiterate that we cannot breach 13,800 without doing terrible technical damage. I think 16500 and 15000 were extreme level...

TradingNomadic

Another common pattern across the market right now, these nice double bottom / dragon structures. Probably looking for the 1.272 extension here eventually using the structure and relationships from the Bearish butterfly, and the 1.272 / .786

TradingNomadic

See this across the board on a lot of these assets. Wyckoff accumulation schematic 2. RSI has reached the bullish control zone here, momentum is picking up and volatility is expanding with a bullish directional index. Real nice divergence on the LPS, with the ideal money flow curvature. OBV has crossed bullish as well. The composite man may be back in town...

TradingNomadic

I like how we are at an 88.6% retracement on GBTC, while BOTH are backtesting old resistance as support (so far) Bitcoin is here once again testing the 200 week moving average, and just below it now, which is not abnormal in past instances. These variables have been consistance long term buy signals over and over again throughout history. I am not calling...

TradingNomadic

We've been going over an idea on twitter about possibly forming an inverse head and shoulders here, but with volatility expanding from the lows in a bearish trend on the 1HR, i think its more likely we get a retracement to the .786 to complete the Cypher or give us an extension to the .886-1.13 with a spring reversal. Worth mentioning the bearish trend on the...

TradingNomadic

Bullish divergence here on the 1.13 rejection giving us the second low that make up the "Feet". The 1.13 rejection also gives us incite into possible retracement levels, as it could imply we will form the CD wave of the Bearish Shark next, giving us a .886 return. The .382 would be your "Hump" and ultimately the door that takes you to the .886-1.13 extension

TradingNomadic

Bullish divergence forming here at the .786 of the Bullish Gartley at a critical zone for GBTC. No real volume signature to confirm just yet, but volatility is expanding with the ADX signal moving upward in a weakening bear trend. STOCH rsi crossing over as well. Ive been watching a lot of the BTC sympathy stocks and many are painting a similar picture here.

TradingNomadic

Posted this one the other day, but wanted to follow up. Clear impulsive wave down with a 1.13 Bullish shark to reverse momentum. Reaction and confirmation low, with clear accumulation and a bullish engulfing candle on the 4HR here. ADX & OBV bullishly diverging Expanding volatility with a clear upside direction. RSI nearing the control zone with the money...

TradingNomadic

XLM giving us the confirmation low of the larger Bullish Shark here with a 1.13 rejection at the PCZ. The smaller Gartley reached the .886 and engulfed nicely as most time scales are diverging bullishly. The whole market looks primed for much, much higher prices after Powell spoke today DXY is topping out and beginning distribution which is confluent with the...

TradingNomadic

Pair of lower highs here and a double top after a nice run up to the 1.272 on the Bullish dragon breakout! (Inverted of course) The idea here is Bitcoin (Inverted) does not look like an asset id be going long on, infact, it looks like a great asset to short. This is a nice exercise to do when evaluating your bias. I wouldnt be surprised to get another go at...

TradingNomadic

It would be really powerful for SPY to pivot here, and confirm a double bottom. This is surely thinking against the heard at the moment, but if the DXY gets a strong rejection, youre going to see the markets rally because of their valuation against the dollar. A pivot here would give us a nice drive of divergence on the higher low with a lower relative strength....

TradingNomadic

We already have an open trade on Bitcoin, but i wanted to post another way of interpreting the pattern we are forming here Our 4HR bullish dragon trade setup is the ABCD of the Bullish Gartley in this chart This pair of Gartleys (Bearish, and then Bullish) is confluent with the same levels we are looking at for our other Bitcoin trades and charts. We would...

TradingNomadic

Attempting to double bottom here after rejecting the bearish 1.13 drive. IF we hold up here, this would be a major signal for me, but without a confirmation, there is still a risk of downside. I really want to see commitment on the bullish side because until then there is always the argument of buyer induction. I like seeing the panic across the market because...

TradingNomadic

IPOF coming off the completion of the Bullish Cypher with a 3 rising valleys pattern, a clear sign of accumulation with simultaneous higher highs locally. Really need to get back above this inflection zone to confirm but it looks good here.

TradingNomadic

Back down to support and at the .886 retracement off the local highs with hidden bullish divergence on the RSI. This bullish Shark is also the confirmation low of the larger structure. Stop losses are just set 3:1 RR, they can be tightened to play the momentum, because ideally you really dont want to see another low, even though the shark could do the 1.13...

TradingNomadic

We've been seeing this 3 rising valleys a lot across the markets right now. Higher highs, higher lows, implying accumulation. ONT isnt as clear as some but holding above this inflection zone, would put us in a good place to run up to the next level. All of the market is obviously at the mercy of a bullish move from BTC as per usual, however, im in the camp that...

TradingNomadic

Nice look on the GBTC chart here. 3 rising valleys inside of a this consolidation. This is also an open trade but wanted to post this for perspective in correlation to Bitcoin itself. The RSI is coming up to a downsloping resistance here but rising with volatility and a bullish engulfing candle here on the 2 Week.

TradingNomadic

This is an open trade setup (The Bullish Gartley Type 2) but we have now formed a 3 rising valleys pattern as we break back above the .236 once again and position ourselves to test resistance. Clear Hidden divergence here, with Bullish divergence on the 12HR playing out nicely.