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Harmonic Patterns

BITCOIN Gaussian Channel telling you the rally has already begunBitcoin (BTCUSD) is illustrated here on the 1W time-frame from the 2011 Cycle until today. We've used the Gaussian Channel (GC) after a long time and the reason is simple. Since the August 05 2024 Low, it has been supporting the uptrend up to today's test of the All Time High (ATH). ** Gaussian October support every 4 years ** This continuous support is a critical feature moving forward as every time the GC held at this stage of the previous Cycles (October 2020, 2016 and 2012), BTC started its final (and most aggressive) Parabolic Rally of the Cycle. ** Resistance turned Support ** What's equally interesting is that during those stages, the price also re-tested and held the former Resistance (of the previous Higher High), turned it into a Support (while the GC held) and bounced to the Parabolic Rally. This is a remarkably consistent feature taking place every 4 years! ** The green GC length matters ** Now as to the GC in more detail. What we want you to keep from it, is that the green part of the GC has lasted in the previous Cycles 123, 144 and 148 weeks respectively, which translates to 861, 1008 and 1036 days, until it turned red. As a result, we can expect the current green phase to last until December 08 2025 (minimum) and June 01 2026 (maximum). It is more reasonable to expect the longer case as the recent Cycles tend to have stabilized most of their common time patterns. The Bear Cycle tends to start when a 1W candle is closed below the GC. Until then, based on the parallel Channel Up patterns that encompass 3 Cycles each time, we can even expect a price as high as $200000 for this Cycle Top. Do you think that's realistic? And if so, do you also expect the GC wave to support a parabolic rally all the way to the top? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Editors' picks
CRYPTO:BTCUSDLong
by TradingShot
19
Gold Prices Surge, Testing the 2,800 Resistance LevelGold reached a peak of $2,771.61/oz on October 29, driven by political uncertainties and expectations of a Fed rate cut, climbing 0.9% to $2,766/oz. Currently, gold remains in a strong uptrend, approaching the critical resistance level at 2,800 – a barrier that could put pressure on further growth. However, the support zone at 2,700, along with the trendline, acts as a potential “launchpad” if there’s a slight pullback. A smart strategy is to wait for a pullback to this support zone to buy in, capitalizing on a possible rebound. Don’t forget to place a stop-loss below the support level, as in this game, a single slip could shift the entire market landscape.
OANDA:XAUUSDLong
by Zola_Hello
Ethereum (ETH): Price Approaching Resistance / Possible Sell?Ethereum has bounced back nicely and is now approaching the resistance zone, a level where we’ve historically seen pretty good rejections. Given the substantial upward push without any correction on this timeframe, we’d say this is an ideal spot for a healthy pullback. We’ll start watching closely for potential downward movement from here soon! P.S. – Keep an eye on the RSI as well! Swallow Team
Short
by SwallowPremium
2
Bitcoin (BTC): Price at ATH! / Possible Liquidity Hunting + DropBitcoin has nicely reached the all-time high zones, which was our target from yesterday’s plan. Now that we’re in this zone, we’re looking for potential liquidity sweeps to occur, as well as any signs of weakness. If we see these indications, our expectation is for the price to retrace, filling the CME gap and normalizing the RSI, which is currently in overbought territory. As anticipated, a "buy the rumor, sell the news" effect appears to be what is driving this most recent price increase. Swallow Team
Short
by SwallowPremium
3
GBP/USD Brief UpdateGBP/USD is currently recovering from the lows due to the weakening USD amid market expectations that the Fed will pause its rate hike. However, the pair is still moving cautiously around 1.3000 in the European session on Wednesday, as traders await key releases: the UK Autumn Budget, the US ADP jobs data, and the Q3 Preliminary GDP report due later in the day. On the technical chart, the support level of 1.2970, defined by the 34-day EMA, remains as a stable pivot. At the same time, the recent bearish wedge breakout is reinforcing the uptrend, suggesting that buyers are in control in the medium and long term. Victor expects that, in the short term, GBP/USD will continue to move upwards with the next targets on H1 at 1.3050 and 1.3100. Get ready for the wave and good luck trading!
Long
by Bentradegold
Dominance & Altcoins- This graph is purely based on fibonacci law. - 61.8% is the core of the system ( check rectangles in graph to get it ) - Most of long term traders not even look at the price. - they just wait the good time to buy using Fibo. - in 2016 BTC was almost 100%. Altcoins were inexistant. (less than 2% of the market with ETH) - in 2021 BTC Dominance pushed to 75% (altseason followed the push) - in 2024 we could see BTC dominance knocks 60% ish ( Altseason will follow ) - BTC is maturing. - Cryptos are growing. - Don't look too much at your altcoin wallets. - Most of the time the story repeats itself. - Respect the cycle, be patient and eat noodles! Happy Tr4Ding !
CRYPTOCAP:BTC.DLong
by thecryer
34