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Barpattern

BTCUSD 3RD BEAR FLAG OF 2022?BTCUSD Daily TF Interested to see if this bear flag pattern plays out again this year. As a precaution, I've exited most positions with the anticipation of the internal support failing which could see a selloff back to the lower band of the ascending channel which is building up a pretty nice bear flag. I think that if this moves it'll be quick, very similar high-volume moves were made on 01/06 & 06/04. If I am correct and the current bear flag pattern completes then my first target would be 16k (internal measured move) which aligns pretty well with former validated support from NOV2020 and also has acted as a resistance level in the 2017 Bullrun after the top was put in. The final flagpole target puts the price back at 5k (which is ludicrous IMO) but we can never say never, especially in this current financial climate.... Keep a close eye on RSI and the current uptrend it is in, if it fails to swing high and cracks the uptrend it will most likely retest the 50.00 midway mark. If that fails then it's game on for the bears for an unknown amount of time. As always keep your RISK MANAGEMENT and POSITION SIZE in the forefront of your mind in the current climate and also your BIAS. Do I think this pattern will complete? potentially.. Would I be angry if it did? Nope (good op to potentially accumulate if possible).. Would I be angry if it doesn't? Nope (I managed my risk and kept my current capital) "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
BITSTAMP:BTCUSDShort
by Trader_Johnni
1
BTCUSD - Two Forecasts.I like to take bar patterns and compare them to what has happened before, to try and see where the market is taking us. It's just a manual way of doing what machine-learning algorithms perform. With the abysmal performance of Bitcoin lately I see one of two things: Using traditional analysis, there's a possibility that a very large (around 4 months long) teacup pattern is forming. If so, we're just about at the bottom of it now. More likely, using pattern matching, I see a repetition of the March thru May 2021 Bitcoin crash - albeit rescaled to a shorter timeframe and lesser peak/valley difference. If it weren't for the terrible economy (thanks to politicians who love spending other people's money & the idiots at the Fed), we should have been pushing past $100k by now. Hopefully, one of these two forecasts plays out.🤞 If it doesn't it could very well be the end of crypto as we know it. The economy sucks for multiple reasons, but the main factor appears to be a deliberate crashing of the US dollar ... You see, the past 20 years or so of Congressional Spending Bills, together with the Federal Reserve have printed multi-trillions of dollars - creating money they did not have to spend. (This is a de-facto tax on US taxpayers, because it devalues the money that we all have.) Real Money Supply: FRED:M2REAL Federal Debt: FRED:GFDEBTN The Biden admin is, I believe, deliberately pushing us over the edge by spending 10-20 trillion more dollars (creating them into existence via the Federal Reserve ponzi scheme). Instead of demanding a balanced budget, reigning in the out-of-control spending, selling assets and reducing debt, they instead are intent on squeezing out every last drop before they push us over the cliff . Now, the hole they've dug is so colossal, the only way they can get us out of it is by crashing the dollar - which devalues the current debt they've created. They regard it as "Free Money" - ie: "It's going down in flames, so we might as well spend it like crazy!", ignoring the fact that us plebs have to pay for their utter incompetence and complete disregard for US Citizens , because along with the US dollar they're also crashing our entire Savings, 401K's, IRA's, Pension Funds, etc. !! The only things that will increase along with inflation are tangible goods. This is why there are so many corporations/entities trying to gobble up the housing market. Property is one of the few things that will increase along with hyper-inflation created by a US dollar crash. "You'll own nothing and be happy" they tell us. Funny how politicians always come out on top. 🤬 Sigh. Let's Go Brandon! FRED:M2REAL FRED:GFDEBTN
GEMINI:BTCUSDLong
by steveday72
Did Bitcoin Bottom?BTC looks to be following the same corrective pattern as Sept 7th-Oct 2nd (white line pattern) when BTC dropped from 53K to 40k. Price action is identical We are sitting in the same area on the trend line as we were before bouncing from 40K to 69K Currently breaking above resistance on the RSI, which also has had similar movement to Sept 7th to Oct 2nd. BTC is very correlated with the S&P which also appears to be bottoming as it just broke out of a descending channel on the 30 minute. The DXY is at overbought levels on the daily.
BITSTAMP:BTCUSDLong
by anamaly
1
$CRV with More Curves $crv finally looks to be ready. as mentioned last time, I believe $crv will have an explosive breakout. levels in the right are fib levels, and tp levels are marked with green (and yellow if you have weak hands). other fib lines (purple) can be used as stop losses in profit. info lines in the center are experimental, and show the possible heights $crv can reach on this third parabolic step breakout run (calculated using the first two parabolic steps). bar pattern is $fil which also saw tons of accumulation before breakout. scaled to size to show possible market movement and fit too perfectly with my fib levels and curves not to add lol. having fun with this one but confident with this prediction. good luck all! lmk what you think
Long
by DanielDimes
3
BTCUSD Pivot PointsBTCUSD Daily Looking at Traditional Pivot Points and the reoccurring price action between Pivots “P” and “R1” and highlighted by a Bar Pattern. As defined by TradingView “Pivot Point analysis is a technique of determining key levels that price may react to. Pivot points tend to function as support or resistance and can be turning points. This technique is commonly used by day traders, though the concepts are valid on various timeframes. There are several methods of identifying the exact points. Common types of pivot points are Traditional, Fibonacci, Woodie, Classic, Camarilla and DM and each type has its own calculation method. Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine these points. They all calculate additional support and resistance levels alongside the pivot points. They can be used to determine when to enter or exit trades or to determine the range of a market. Conservative traders look for additional confirmation before entering a trade. Whether pivot points are used alone or in combination with other techniques, they are a useful tool in a technical trader's toolbox.” The Purple Bar Pattern is a copy of the last move from “P” to “R1” and if it plays out it will identify that the Key pivot sits alongside the previous top and could be used as Daily Resistance. Do you use “Pivots”? "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
COINBASE:BTCUSDLong
by Trader_Johnni
ENJ - Enjin Feb 2021 OutlookWhen researching an asset you want to know that it is viable. Actually doing something. Has a purpose. Is being used. $ENJ ticks the boxes. Jan 19 2021 Enjin Coin (ENJ) Approved by Japanese Finance Regulators; Will Be Listed on Coincheck Japan Jan 26 2021 "Coincheck is one of Japan’s largest licensed cryptocurrency exchanges by trading volume. It is registered by the Financial Services Agency (FSA) and operated by Coincheck, Inc. Beginning January 26 at 12:00 pm, users can purchase ENJ with JPY and trade it with BTC via Coincheck. This listing follows Coincheck and Enjin’s partnership to bring non-fungible tokens (NFTs) to Minecraft, announced in September 2020. NFT compatibility is slated to be added to Enjin's Minecraft plugin, “EnjinCraft,” later this month, with select NFTs sold on Coincheck’s upcoming marketplace." SOURCE At the end of the article it states: "Over 40 game developers and enterprises are using the Enjin Platform to issue NFTs, including Microsoft, Minecraft servers, and games for PlayStation, PC, iOS, and Android. Enjin’s tech is also being harnessed by companies like BMW and Samsung. As the number of projects and companies adopting Enjin increases, more ENJ will be locked in blockchain assets, thereby removing it from the market and increasing its scarcity." Applying a repeated bar pattern lifted from Dec 2018 and 2019 there is an uncanny correlation. Both patterns suggest a $1 USD minimum by Feb 2021. BULLISH TP1: 0.95 TP2: $1.10 TP3: $1.35 TP4: $1.68
BINANCE:ENJUSDLong
by Vincent68
2
BITCOIN TO REPEAT PATTERN?BTCUSD. As we approach the Golden Pocket on Fib Retracement once again on the Daily I have decided to draw a comparison between the last 2 Major Bull Runs. Blue = 2019 Bull Run Bar Pattern Orange = 2017 Bull Run Bar Pattern History shows us that the last 2 runs have had a major bounce within the Golden Pocket (0.5-0.618) $40318-43714 and as former Daily Support approaches im interested to know your thoughts on final retracement level. What do you see? Continuation, Failed Double Top attempt or something new. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
BITSTAMP:BTCUSD
by Trader_Johnni
3
Bitcoin is Tracking this Parabolic Bar PatternBitcoin has been following a parabolic trajectory similar to the trajectory from November/December 2017. A bar pattern is displayed which was taken up to the 2017 peak around $19400 USD. This is shown on a linear scale. I've been tracking this bar pattern since early February and it has been following pretty accurately. Take this with a grain of salt as it is just a fun indicator but should only be used as an idea with your own technical analysis. If this plays out, I think this would just be a local top and not the market cycle top. I believe there will be a global blow off top at the end of the year, or some time next year.
BITSTAMP:BTCUSD
by ilift
1
S&P 500 To Repeat Cycle?Interesting to see the S&P 500 price action respecting this charted Gann Fan so many times since mid 2019. One would presume that since validated multiple times previously over the months that we are close to crossing the Angle 1/2, which would push the market into "Above Averagely Bullish" territory again. I pulled a Bar Pattern from OCT 2019- MAR 2020 and scaled it to today's price action. It is scary to see the resemblance of this Fractal and its movement once above the Gann Fan Angle 1/2. What is also weird is to see the reaction of the Bar Pattern off the drawn Resistance Trendline, which starts back in SEP 2019. Will this cycle repeat? Only time will tell. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
TVC:SPXLong
by Trader_Johnni
GOLD Cycle Repeating?XAUUSD Gold Spot: Purely Technicals 04/06/11-08/07/13 BAR Pattern. I've pulled this from the previous top back in 2011. The resemblance is uncanny and the BAR Pattern fits perfectly within the Current Pitchfork levels. Bearish Notes: - Ichimoku Bearish - 10/20 Moving Averages Bearish - Pitchfork Respected (Bearish) - RSI Trending Bearish - Current Market Structure Bearish - Fractal Descending Triangle forming (Bearish) Bullish Notes: - Potential Double Bottom off Daily Support Few ways you could play the trade, whatever your sentiment and risk appetite. - Entry now - Wait for Support Break/Hold - Wait for Retest Reaction "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
OANDA:XAUUSD
by Trader_Johnni
3
GOLD NEW ATH OR BACK TO TREND?Gold having recently fallen 11% from its all time high (US$2075) back in August is interesting. Usually used as a Hedge during times of high volatility in the markets, gold is taking what looks to be a serious retrace after 2 years of mostly uninterrupted growth. What's interesting is that the markets across the world have become inherently more unstable due to local government restrictions and the economic fallout of Covid19. The real unknown is where to from now. The US will hit approx $3.3 trillion annual debt deficit ending September 2020 which is the largest ever recorded, and spending has no end in site. Will the US continue to dig themselves into a hole and what will this mean for the price of gold? Above are some bar patterns taken from 2010-2015. Scenario A (ORANGE): Shows increasing growth after a mild retrace after 700 days as depicted between OCT 2008- NOV 2010. Again retesting US$2075 & consolidating against Uptrend Channel Resistance, before breaking through to reach new ATHs Considering we have only seen an 81.6% rise in price over the last 2 years compared to the run of 2008-2011 (180%), it is fair to say we still have more left in the tank to test ATH territory? Especially with the 2020 US Presidential Election looming. Scenario B (BLUE): Shows support being found around a potential Equilibrium at US$1770, which also happens to be a key Fib Retracement level 0.5 (Extension form 16/03/2020 to ATH) and bouncing. Followed by a drop after the Presidential Election Results causing a range to be form between $1700-1900. Eventually breaking resistance and the Ichimoku Cloud to fall back to previous support & the long term uptrend trendline. All Hypothetical & Spec but interested to see everyones long term targets and explanations. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTA. Happy Hunting!!! *Prices will differ depending on charts used
OANDA:XAUUSD
by Trader_Johnni
1
When Will XRP Reach $0.1255?Today I wanted to share with everyone a potential time line as to when XRP might see some price movement. It’s no surprise, i’m seeing it everywhere and you are too, the bottom is expected to reach $0.12-15. My guess is a candle closure in the $0.15 range and a nasty ‘wick-fish’ down to $0.125. The question is when? Obviously nobody can predict this however what we can do is speculate, plan ahead and get ready as next bull run is going to be absolutely magic especially to those that are buying at these prices! This bear market has lasted 943 days and XRP has retraced 96% from the all time high of roughly $3.50 back in January 2018. This range matches the previous cycle seen back in late 2013 to mid 2014 which had a 96% retrace and then there was also an 86% retrace that occurred throughout all of 2015. The 2017 bull run had a 77,630% increase from the previous all time low. I’ve had a few friends say based on the ‘Law of Diminishing Returns’, XPR won’t have the same increase as seen back in 2017 however I disagree. I suspect after this next bull run, we will then start to see the ‘Law of Diminishing Returns’ playout. What we can all see was that in 2017, XRP had two massive moon-shots. The first occurred in Q2 of 2017 and the second occurred in Q4. I remember FOMO was in full effect in Q4 2017 which could have been why XRP saw such an additional increase in price. As we all remember Bitcoin went parabolic in the mainstream media with many taking out second mortgages, over leveraging themselves, dumping their life savings into this market however not understanding the cyclical nature of the crypto-market (what goes up goes down). In order for XRP to see a continuation in price that same FOMO needs to be present otherwise we might only see that Golden Ratio be the peak of this next bull run (1.618=$27-30). Going back to the point of this post, when will we see the bottom? There are 213 days remaining in this falling wedge (7 bars/months). Using historical data, many falling wedges don’t go all the way till the closure. My guess is that we will see the bottom reached sometime in January 2020 based on historical bar pattern from 2017. If we copy the previous bull run bar-pattern and place it at the possible bottom at $0.1255, we can see that January and February will retest the downward trend-line before making a massive breakout from March to May, with the potential for a parabolic, FOMO move in December 2020 and January 2021 taking XRP to $113-114. Thank you for reading, please smash that LIKE button and FOLLOW me if you like the content I'm providing. Follow me on Twitter for XRP news, updates, opinions and chart-analysis : @XRP_Canada Join me on Telegram with likeminded individuals of the XRP Community where we discuss anything and everything to do with XRP and Ripple t.me
POLONIEX:XRPUSDLong
by traderxkira
18
UBER, Nice UpsideDisclaimer: Not financial advice. A breakout and squeeze as the last earnings established a trend reversal that is now breaking out of a small parallel channel. There's some good space in the next 24 bars/35 days to earnings to reach the next level of resistance around $39-$40, about 17% upside. The current lines of support seem to say there should be about 6% downside. This is about 2.8x Reward to Risk. Some explanations/descriptions of the lines and drawings- We have been in a small, parallel channel since about November 5th, 2019, the day following last Earnings Report. Today we look likely to close above the top of this channel. Closing above this top should enter a new, larger parallel channel. I see the top of this channel intercepting a couple of other trend lines- the dotted black line was a major resistance established following the August 8th, 2019 ER. The solid red line is a resistance line from the All Time Highs/small head and shoulders in June and July. --- The confluence of these 3 lines makes a very strong case for a short-medium term ceiling. Additionally, I am using the Fisher Transform, Stochastic, and SMI Ergodic for confirmation. It appears to me that we will see a blow-off in about 5 days time. I always like to take Bar Patterns from previous scenarios of a chart and lay them down to see if they match up with the lines I have as Channels, Trends, Resistance, Support, etc. I think these match up nice for a Bull and Bear scenario. This does NOT mean I think this is exactly, bar for bar, how I see things playing out. I think Bar Patterns are underrated as they probably come off as pretending to have a crystal ball, but I think their best use is to mentally prepare yourself for how you would trade things if they reached an area.. would you take profits at highs, buy the dip, etc. I also think to some degree that posting a chart without a forecast is the equivalent of shrugging your shoulders. If your supports and resistances are true, there should be price action reacting to them. Best of luck. Please let me know what feedback you have on UBER and/or my idea.
NYSE:UBERLong
by chrism665
1