someone514

someone514

DSHUSD printed a beautiful inverted hammer candle (classic reversal pattern, just like the hanging man signals a trend reversal in an uptrend) just below the structural support dating back to last September. In addition, we have an extended bullish divergence on the daily RSI. As yesterday closed green, we can open long positions with a SL below the open of the...

someone514 Updated 

Quick update as we closed our daily candle for July 13th. The green daily close and volume profile support the inverted H&S pattern. If this pattern were to come into play, the price action cannot retrace to the common retracement area of .786 of leading diagonals. But that's alright as the .618 level is being defended strongly and a retracement that steep is...

someone514 Updated 

As expected the price has broken below the support trendline of the ascending wedge . However, it is still unclear whether the bullswing from the $5755 low is an ABC structure or a 3-3-3-3-3 leading diagonal pattern. Price is now hesitating around the .618 ret region as I am writing this. Oscillators on many TFs are approaching oversold regions but there is...

someone514 Updated 

We are in a corrective pattern of a broader uptrend. Anticipate one more leg down before an impulse to the upside.

someone514 Updated 

This is a H12 chart. Today, we made a new low at $6.75 which punctured the june 24th low of $6.8926. There is a clear and completed ABC pattern that was anticipated since last month, which was terminated on June 24th's low. (See related idea: Keep track of this short opportunity). The question now becomes: Is the wave 1 of the impulse to the upside still intact...

someone514 Updated 

Continuing on previous IOT short idea where I shorted wave C of 4 - expecting an extended 5 wave structure following an irregular flat. Now price action has reversed at the start of wave 1 with a valid 5 wave structure that is wave C of 4. We can long for wave 5.

someone514 Updated 

Continuing my previous idea (in related ideas below) Channels are one of my favourite setups. They allow me to clearly identify my entry, targets, and SL. Whereas fibonacci levels can be subjective at times in terms of which wave's fib levels are being taken. I am in at $17 good luck.

someone514 Updated 

Although BTC is what drives the market ultimately, the price action in alt coins can provide clues as to how the wave structures in bitcoin is unfolding. Here in IOTA, we have a similar 3 wave up structure as to bitcoin during the bounce from June 24th. Unlike BTC that started to form a wedge like structure, IOTA did not. Instead, IOTA is printing a clear 3-3-5...

someone514 Updated 

setup as prescribed. low probability, risk small %

someone514 Updated 

Posting this H1 chart to keep track of candlestick formation.

someone514 Updated 

"When you have eliminated the impossible, whatever remains, however improbable, must be the truth." quote by Arthur Conan Doyle from the Sherlock series. Let me start by discussing the boxed pattern. Believe you me, I dug into all timeframes trying to find the slightest reason to allow me to draw it as a 5 wave structure. But I can't; there is just now way to...

someone514 Updated 

Here I present a valid and completed 3-3-3-3-3 leading diagonal pattern. If this is the correct count we need a proper (ie, heavy) retracement.

someone514 Updated 

Long entry will only be permitted if the support level is respected once again. SL is below the low of previous bars. Should an entry come into fruition, we have a massive R/R of ~28, targeting previous highs.

someone514 Updated 

I've been following ETP for a good half a year now. And I've been aiming for this buy zone since we were trading in the channel. Now that the short target is reached, we can go for long at the bottom. ETP is of small market cap and is likely to outperform other alts/major coins. GL.

someone514 Updated 

We have a valid WXY corrective pattern at wave four, which prints a low wick at .382 ret of wave 3. Anticipating a break of resistance trendline for wave 5. If the position comes into fruition, SL should be placed below the assumed end of wave 4.

someone514 Updated 

This is a inverted chart of stellar 0.00% lumen. The chart is bearish , ie. bullish in the regular chart. Wait for retest of significant trendline which coincides with .382 ret.

someone514

We have touched and retested the support trendline. The retest closed with a green hammer which gives us permission to go for long. Target channel resistance for a RR ~5.

someone514

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