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Harmonic Patterns

Bitcoin is FAILING! Why is Bitcoin the worst investment.Bitcoin is the worst investment. Where is the lambo? The price of Bitcoin in 2017 was $20,000 and the current price is $68,000 in 2024, so after 7 years, the profit is very poor - only +240%. So where is the lambo and where is the moon all the influencers are talking about? Clearly, you have been scammed. And I am not talking about altcoins, because the majority are down by 95% from their peak and will continue to 99% or to zero (rug pull). Crypto technology is not new and nothing special. This technology was brought to earth by alien entities. Crypto technology is already used on thousands of different planets in the galaxy. In fact, crypto is another version of the fiat money printing system. Where is the moon for Bitcoin? Clearly no where because the moon is a hologram and humans never landed on it. It's a hugs scam by NASA. The landing on the moon was recorded on Earth. It's not possible to physically leave Earth with current technology because the Van Allen radiation belt would burn your body. It's possible with advanced spaceships, but this technology is hidden and intentionally not available. It's also possible to leave Earth after you die or during sleep/meditation in non-physical form. So is Bitcoin bad? Bitcoin is just another form of fiat money. If you like high inflation and money printing, then you can support Bitcoin. Bitcoin is a computer program, and as any program in existence, it can be modified or rewritten. There is no such thing as a fixed supply; they can increase the supply without any issues. Why was Bitcoin brought to earth? It's part of the total control program. First bring electricity to earth, then microchips (computers), then the internet, then blockchain and AI. This technology is completely incompatible with the human body and causes major issues, which you can see around you - almost everyone is ill or has some kind of sickness. Maybe you didn't know that 100 years ago, there was no cancer, no diabetes, no anxiety, no common cold, almost nothing. Why are those alien entities? You probably heard about Greys, Reptilians, Draconians, Mantis, and Insectoids. When you look at them, you will notice their ugly appearance. They are very ugly by nature. Their intelligence is extremely low compared to humans, and they take instructions mostly from the AI. That means they lost control over themselves. You may say that their technology is advanced, but this is a deception. Their technology is based on unsuccessful design and architecture. In core, they are outdated and actually very stupid. What they do is drain your life energy during sleep and use it to feed their AI machines. They also manipulate your dreams, causing nightmares at night, manipulating your thoughts, and causing sleep paralysis. For each like, one alien dies! Hit the like/boost button now. Thanks that you help humanity! Write a comment with your altcoin, and I will make an analysis for you in response.
Short
by Xanrox
32
Bitcoin will trap everyone! 78k then 20% crash! (must see)Bitcoin is currently very bullish; that's clearly visible and soon will hit a new all time high. That's exactly the point where a lot of people will start buying with the belief of going to 100k - 130k. But you may know that Bitcoin is under extreme manipulation by BlackRock and other institutions. This is not a stock market, so they will not let Bitcoin go up, and instead they will trigger a massive crash back to 63k. Nobody likes Blackrock, but it's how it is. So what is the plan? First, I expect Bitcoin to go up and reach 78k. Then, when everyone buys, the price will crash to 63k. Do not forget that we also need to see a successful retest of the bullish flag. There is no retest yet. Bitcoin needs to confirm this uptrend, so do not FOMO in. I have been bullish since 60k or so, and I predicted the majority of Bitcoin movements in past months. Why is 63k important? We have a 200 daily moving average and FVG (Fair Value GAP) around this level. Also, the RSI indicator is starting to be overbought; you want to buy low when everyone is bearish. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
150
AUDUSD h4 | Be arish Drop Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.6619, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 0.6558, a swing-low support level. The stop loss will be at 0.6662, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
2
NAS100USD / UNDER UPWARD PRESSURE / 4H NAS100USD / 4H TIME FRAME HELLO TRADERS Current Status: Prices have increased and hit a target with a +175 pip profit. Prices are now approaching a demand zone (an area where buying interest might be strong enough to prevent further price declines). Demand Zone Stabilization: If prices stabilize in this demand zone, there is potential for further upward movement towards a supply zone (an area where selling interest could cause a reversal). Key Supply and Demand Zones: Supply Zone: Between 20,188 and 20,300. If prices rise and break through this level, it may confirm an uptrend and lead to further gains ,Primary Demand Zone , Between 19,963 and 19,735. A break below this level would suggest a downward movement, potentially heading towards the next demand zone , Secondary Demand Zone , Between 19,515 and 19,366. This is likely the next area where prices could find support if they fall through the primary demand zone. Overall Market Trend: The market is currently under upward pressure, indicating a bullish bias. For a confirmed uptrend, prices need to break through the supply zone (20,188-20,300). For a confirmed downtrend, prices would need to break below the demand zone (19,963-19,735).
OANDA:NAS100USDLong
by ArinaKarayi
2
BITCOIN fully supported targeting $170k after the ATH breaks.Exactly 3 months ago (August 05, see chart below) when the price was on the 1W MA50 (blue trend-line), having hit it for the first time since the week of March 12 2003, we claimed that this was the last stand for Bitcoin (BTCUSD) if the market wanted to maintain the Bull Cycle, as based on the previous 3 Cycles, it was the absolute supporting trend-line: The 1W MA50 eventually held not once but twice and that gave way to a rally that last week tested the 73800 All Time High (ATH). That is incredibly bullish, especially only two days before the U.S. elections, as from the historic patterns we've shown you before, a Parabolic Rally has started after each election. So according to our August comparison chart, if history is repeated, BTC is looking towards at least the 1.618 Fibonacci extension from the ATH, which is roughly a little over $170k. But what do you think? Are you expecting the ATH test to start a massive rally similar to all previous Cycles? And if so, is $170000 a realistic Target? 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
1
USD/CHF H1 | Falling to multi-swing-low supportUSD/CHF is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 0.8631 which is a multi-swing-low support. Stop loss is at 0.8614 which is a level that lies underneath a multi-swing-low support. Take profit is at 0.8676 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
2
Potential bullish rise?The kiwi (NZD/USD) is reacting off the pivot and could rise from this level to the 61.8% Fibonacci resistance. Pivot: 0.5991 1st Support: 0.5939 1st Resistance: 0.6048 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
XAUUSD Long term selling can start as early as now. Target 2550.Almost 3 months ago (August 19, see chart below) we gave a bullish medium-term signal on Gold (XAUUSD) that almost hit our 2800 Target last week: We are high enough to take profits as the target was missed by just 10 points. On top of that, the price is very close to what we consider the absolute top potential of this pattern (Fibonacci level 1.0 at 2900), so from a R/R perspective the return isn't worth the risk. In addition the 1W RSI is deeply overbought (above 80.00), which is always a bearish sign, even on the medium-term. But this exact 1W RSI overbought (Double) Top, was seen on the August 03 2020 High, which was the Top of the previous Cycle. As you can see this cyclical pattern frequency holds since 2016 and based on the last Cycle alone, we can sell and initially target the 1W MA50 (blue trend-line) and the 0.786 Fibonacci retracement level at 2550. On the longer term, we can expect a bottom on this sequence closer to the 0.618 Fib (Target 2 at 2350). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDShort
by TradingShot
2
Bearish reversal off pullback resistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which is a pullback support. Pivot: 1.3022 1st Support: 1.2909 1st Resistance: 1.3105 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Detailed Analysis of GBP/JPY (1H) Chart 1. Harmonic Patterns (Likely Bat or Gartley) The marked points labeled "A", "B", "C", and "D" form a harmonic pattern. Harmonic patterns use Fibonacci retracement levels, often aiming for precision with levels like 0.618, 0.786, and 1.618. The Fibonacci retracement values are visible on the chart (e.g., 0.618 and 0.786), indicating key levels where price is expected to react. 2. Elliott Wave Count The chart shows a likely Elliott Wave count, where the current structure is labeled with Roman numerals (I, II, III). Wave III has an extension, typically a strong impulse wave, often exceeding the 1.618 level. The labeling around these waves helps identify potential entry or exit points based on the wave completion and correction expectation. 3. Fibonacci Extensions and Retracements The levels labeled 1.618, 1.786, and 2.000 are common Fibonacci extension levels used to project possible reversal points. The "CONFIRMATION" level at 1.618 suggests that if price reaches this, it aligns with a wave target, while the "INDUCEMENT" level at 1.786 might serve as a stop-loss area or profit target. These levels indicate areas of confluence where traders expect significant support or resistance. 4. Volume Profile and Inducement Levels There’s a volume profile along the left side of the pattern, giving insights into where most trading volume occurred during the price movements. "Inducement Wave 3" suggests a likely resistance zone that could trap traders or lead to a reversal. 5. Zones of Confluence The shaded red and green zones highlight areas of high confluence, where multiple technical factors align, often strong areas for potential reversals or breakout setups. For example, the zones above Wave III are potential resistance levels, aligned with key Fibonacci extensions. 6. Trade Setup Labels Labels like "LONG 2 SHORT 4" and "SHARP 2 SHALLOW 4" indicate potential entry points or setups. They suggest specific plays based on wave structure, where "LONG" and "SHORT" relate to anticipated corrective patterns. 7. Invalidation and Risk Management "INVALIDATION WAVE 0" shows a critical level where the trade idea or wave count would be invalidated if price breaches it, an essential risk management tool. Key Takeaways This chart combines harmonic patterns, Elliott Wave, Fibonacci levels, and volume analysis, aiming for high-probability trade setups. Focus on high-confluence zones like 1.618-2.000 Fibonacci extensions for entries/exits. Manage risk by setting invalidation points and noting potential inducement areas to prevent getting trapped.
Long
by spacedevil
3
Watching for market reactionMorning everybody, So, recent sell-off on stock market and rally of the US yields have made pressure as on Gold as on BTC but thankfully it was short term. Still, BTC has dropped to the level that we've discussed last time - 67.5-68K. Why is it so special? First is, it stands around the all-time trend line resistance that recently has been broken up. Second is - the K-support level, which makes it rather strong and a great indicator of market's power. From bullish point of view, we do not want BTC to drop back below it, breaking 65K lows down. At the same time, with elections hysteria environment we suggest to not take any position without confirming patterns. So, our trading plan is to wait for market response to this level. Once we get more or less clear patterns, we could act...
COINBASE:BTCUSD
by Sive-Morten
1
Solusdt adjusted: Selling & bottom catching strategySolusdt on the 4 -hour frame shows a strong adjustment after the previous price increase. The price has broken the trend of increasing trend, and is currently fluctuating under an important resistance area around $ 170. This shows that the increasing motivation has weakened, and the high likelihood of SOL will continue to adjust. Important levels: Short -term resistance: $ 170 - $ 172, is the area where the price may have a selling pressure if recovered. Nearly support: $ 165.07 - where prices can be found short -term support, if breaking, the possibility of price will continue to decrease. Important support: $ 154.16 - strong support area, maybe the waiting point if the price drops deep. Short trading strategy: Sell ​​strategy (Sell): Consider selling commands at $ 170 - $ 172 resistance if the price recovered, with the goal of closing profit at $ 165.07 and $ 154.16. Buying strategy (BUY): If the price drops in a deep support level $ 154.16, the purchase order may be considered when signs of turning on this area.
Short
by Trader-Saylor
1
Bitcoin Approaches Important Support Zone, Waiting for New BreakBitcoin is currently trading around $69,962 after a slight correction and touching the support zone between $68,102 and $68,976. This price zone has proven to be a strong support zone in the short term. The 4-hour chart shows that the price is in a consolidation and accumulation phase after the previous strong rally, with the 34 EMA and 89 EMA acting as dynamic support levels. If the price holds the support zone and does not break below, Bitcoin could continue to fluctuate and form a short-term bottom pattern in this area before retesting the resistance level at $70,182. If this level is broken, a further uptrend could emerge with a target towards the $72,718 zone. However, in a negative scenario, if the price breaks below the current support zone, BTC could face further downward pressure towards lower support levels. Investors need to closely monitor fluctuations and macro news that affect the market.
Long
by Trader-Saylor
1
Get ready...Get ready. Don't buy into the fear mongering with EHEX. HEX is looking awesome and coiling up for another bounce to the upside. DAILY RSI is showing BULLISH DIVERGENCE once again. These are great levels to be buying in on your future. Election in just 2 days...could se a bounce after November 5th. Keep your finger crossed the elections are swift and a clear winner is chosen. Markets will falter if they stop counting once again like they did last go round. I am hedging for a ORANGE MAN bounce....you've been warned... Stay strong...stay long...BAM! ********** HAVE A HAPPY HEXICAN DAY ************
CRYPTO:HEXUSD
by marcomarcello2211
1
Market Scenario and Potential Buying OpportunitiesAnalysis of Key Support Levels and Candlestick Pattern Confirmation The financial markets are often characterised by their volatility and the constant ebb and flow of prices. In this intricate dance, key support levels play a pivotal role in determining the direction of market movements. This aims to provide an in-depth analysis of the current market scenario, focusing on two significant support levels, $2,378.36 and $2,327.67, and the potential buying opportunities that arise should the market break and close below these levels. Additionally, the importance of candlestick pattern confirmation at the $2,035.97 level for a Bullish Deep Crab Pattern setup will be emphasised. Understanding Support Levels Support levels are price points on a chart where a security tends to find buying interest as it falls. These levels often act as a floor by preventing the price from being pushed downward. Identifying such levels is crucial for traders, as they help in making informed decisions about entry and exit points in the market. In the current market scenario, the two significant support levels to watch are $2,378.36 and $2,327.67. These levels have historically shown strong buying interest and have acted as a base for price rebounds. However, should the market break and close below these critical levels, it signals a potential shift in market sentiment. Significance of the $2,378.36 Support Level The $2,378.36 level has been a key area of support in the recent trading history. A break below this level would suggest a weakening of the bullish sentiment, prompting traders to reassess their positions. It is essential to observe the market behaviour around this level closely. Importance of the $2,327.67 Support Level The $2,327.67 support level is another crucial price point. Historically, this level has provided a strong base for price recoveries. A break below this level would likely indicate a further decline in market confidence, leading to increased selling pressure. Waiting for Candlestick Pattern Confirmation In the event that the market breaks and closes below the two significant support levels, attention should then be directed to the $2,035.97 level. At this juncture, it is crucial to wait for a candlestick pattern confirmation. Candlestick patterns are graphical representations of price movements for a given period. They are widely used by traders to predict future price movements based on past patterns. In this scenario, a candlestick pattern confirmation is required to validate a potential buying opportunity. Potential Buying Opportunities at $2,035.97 The $2,035.97 level is significant for the Bullish Deep Crab Pattern setup. This advanced harmonic pattern is known for its precision in predicting price reversals. The Bullish Deep Crab Pattern consists of four distinct price movements that create a specific geometric pattern, indicating a potential reversal point. For a reliable trade entry, it is essential to wait for a candlestick pattern to confirm the validity of this setup. This confirmation ensures that the market is indeed reversing and increases the probability of a successful trade. The Bullish Deep Crab Pattern The Bullish Deep Crab Pattern is a harmonic pattern identified by its precise Fibonacci ratios. The structure of the pattern includes: Confirmation Candlestick Patterns Several candlestick patterns can serve as confirmation for the Bullish Deep Crab Pattern. These patterns provide visual cues to traders, signalling a potential shift in market sentiment. Waiting for these confirmations ensures that traders enter the market with a higher degree of confidence. Conclusion In summary, the market's behaviour around the significant support levels of $2,378.36 and $2,327.67 is crucial for determining future price movements. Should the market break and close below these levels, the $2,035.97 level becomes the focal point for potential buying opportunities. However, waiting for a candlestick pattern confirmation is essential to validate the Bullish Deep Crab Pattern setup. By adhering to these technical analysis principles, traders can make informed decisions, minimizing risk and maximizing potential returns. The importance of patience and confirmation cannot be overstated in achieving successful trading outcomes in a volatile market environment.
EIGHTCAP:ETHUSDLong
by RaynLim
1