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Symmetry

EURCAD Symmetrical Reversal & Below 50 MAEUR weakness proving a consistent theme across some of the longer timeframe charts. EURCAD has almost fully reversed the Jan-Mar ascent and with startling symmetry. We saw price pay the upmost respect to the 2016 high with a few wicks breaching the level before sellers drove price south. For clues as to where this pretty choppy pair might head next it is worth noting that price is now below the 50MA for the first time since April 2017 and we have a little way to go before the next support level which awaits at 1.4422 at the confluence of the Sept 17 pivot low and what is a relatively flat 200 MA (blue line) Recent history suggests this pair trades rather erratically so the author recommends staying nimble , locking in profits quickly to limit any nasty surprises Good luck
Short
by TJP_Trader
Trx/ETH Buy positionNot to beat a dead horse on this coin/chart, but I've been using it for purpose of putting to use some things i've been learning and I'll try to pass on. As you can see, there is perfect symmetry on this chart on the two swings. Symmetry swings are good to use 1.0 fib projections for support or resistance. I'm showing the 1.0 projection from the 3points(with arrows ),and as you can see, trx/eth has touched it several times. Looks like a good buy position and should go up from here.
by LARC
ETH/USD Rising Channel Pre US HearingFinding short term buy, watch, and sell lines for ETH. This is mostly to see the scale the effect of US hearings on 5/7 will affect what seems to be a decent trend. 4hr, so this is a shorter term vision than my typical chart. Have horizontals and trend lines with the recent significant trend lines as a comparative. Green lines either channel or horizontal are buy indicators, red lines sell indicators, yellow line as point of interest for lingering or reversal of direction. I am intentionally charting this against USD because that dollar represents the nation for which the hypothetical "key factor" hearing will occur.
BITFINEX:ETHUSD
by poetichigh
Fractal SymmetryThe fractal pattern in the red triangles is easy to see. The green triangle is potentially a copy of the small red triangle, but rotated 180 deg around the green circle labeled "Rotation Axis". Imagine the green circle as a spindle on a turntable, and then rotate the red triangles around it. The yellow dotted line and triangle are a completely separate idea from the green objects. The yellow dotted line is a mirror axis, where the small red symmetric triangle is connected end-to-end with the yellow descending broadening wedge, with nearly identical high/low test points. This is not advice. I do not give advice. You do not want my advice. Cheers! -B
BITSTAMP:BTCUSD
by befunkt
LONG ETC (~90€) ETH vs BTC Forecast Midtime repeating patternI think there is a possibility for the ETC to follow the ETH, because the last big bulltrend show the same way. Maybe the ETC bulltrend is 2-3 Weeks later then the ETH but in my opinion there is with the same blockchain and some different DEV Teams in both chains much potential. My Forecast for the next month 04.2018... ETH ~ 2000€ ETC ~ 90-120€ My forecast is only approx. and im not yet a pro trader so, please dont buy too much with my forecast. Every Advicce / Tip is welcome to get better in TA.
Long
by dipl_ing
Bitcoin symmetry part 2Let's see what is going on! The point c2 that was identified in my previous analysis as possible maximum of the channel actually become the break point of the channel. According to my theory about the "cycle" of the bitcoin price we should go to point F - minimum point of the channel, but I suppose that will not go to this point now because of fundamental reasons - we have the hard fork of bitcoin that is planed on 15/11/2017. We have the situation where nobody want to sell bitcoin before the fork and some people what to buy more bitcoins before it. I suppose that just after the first hard fork most of traders thought that they can sell their bitcoins after first fork and buy it again before the next fork for lower price, it was lots of shorts of bitcoin after the first fork, but price goes higher and higher. I suppose that this trend will keep before new hard fork, nobody wants to lose free money and will keep their coins until 15/11/2017, also the up trend show them that there is no reason to sell it now. What should be after the hard fork? Very interesting question! Maybe we will see the panic on the market? When all traders who delay their sell because of the fork will start to sell, price will fall, then investors will see that the price is falling and it is the last opportunity to sell for very high prices will start to sell too, price will fall again and we will see the point F just in time. So the cycle of bitcoin will work again! We will see the minimum point of the channel on 4900 - 4700, then the resistance level of 5000 will work and price will start to go up after the falling and some time after we will see bitcoin price in the G point like it should be according to "cycle" and the price channel. But according other 2 forks we do not see any panic on the market just after the hard forks of course price become lower but it is hard to say that we saw any panic... Why it should happens this time? Some reasons why panic should be: - first 2 forks was not so popular as this one (firstly not every trader understand what is going on and have no interest for new coin, or even do not understand that the new coin will appear and it will give any profit to him, during the second fork most of the traders understand the situation, but still want to use their bitcoins for the 3-rd fork, also even more traders now understand the fork nature and possible benefit from it) and now much more traders will play this game and when it will over go out from it and sell their coins; - nothing new happen in bitcoin world, it is no reason for so big price, the reason of growth is fork, when the fork will over price will go back; - now we are out of the price channel, we should return to it somehow; - I just like my theory about the bitcoin price "cycle" =) . Some reasons why it will be no panic and price will keep go up after the fork: - all previous reasons are bullshit; - something really happen in bitcoin world I just do not see it; - we will see some news that will keep further uptrend and do not let price go down (Amazon and eBay will start to accept bitcoin, Apple will create AppleBitPay, China accept bitcoin as its official currency); So here is my view on the situation. And what is yours? Maybe you know something interesting about all this?
BITFINEX:BTCUSD
by Tradergod
Bitcoin cash fractal symmetryBCH seems to be repeating a pattern I noticed in many different cryptos, first and foremost of course in bitcoin itself. I think this is how it will play out more or less. It is very unlikely that BCH will rally from here directly to new all time highs. More likely, it will rise step-wise and then make a plateau. Bitcoin did this in November 2015, when it started rising from the low 200's, after the long bearemarket. The plateau was at 500-600. We will probably see a very similar structure with BCH. Good profit taking points are the resistance linkes I drew, I expect pullbacks at these levels, however, not very big pullbacks.
BLong
by SebastianofMoon
3
Symmetry on BTCUSD chartJust was looking on bitcoin chart and was trying to find symmetry on this blocks of candles. And as you can see I have found something! It's very strange but line BD (between two minimums) is approximately equal to line AC (between two maximums) and both of them are approximately equal to line DF (between next two minimums), so if it so we can try to say that we have some kind of circle and draw other lines DF, EG and FH. Also as you can see we have two other points (I mark them red on the chart) - a and b. Lets call them secondary top, and try to understand the symmetry of their accruing and try to guess new point c. If we assume that line ab should be equal ac then we have point c1. But also we can see that line aA = Cb, so maybe this secondary top appears near the main top before or after of it. Then we have other points c2, c3 and c4. c2 - accruing after E and Ec2 = aA = Cb, c3 accruing before G and c1G = aA = Cb, c4 accruing after G and Gc4 = aA = Cb. Who knows maybe idea of chart symmetry is not so bad? What do you think?
BITFINEX:BTCUSD
by Tradergod
3
Effect of halvings on BTC price, and symmetryTakeaway: It takes a year for the BTC halving to take effect in the form of a massive spike, shown by the horizontal year long bars on the chart. Then, the next 3 years until the following halving, there is a drop and gradual start to the next rally triggered by the upcoming halving. We are at the peak after the 2016 halving, there will be a big drop to 2020's halving. Detail: The reason why I made the chart was to see the effect of the halvings. I did a comprehensive chart of BTC on Trading View using BK's latest video (www.youtube.com) as instructions. I have put 4 vertical lines in, one for each halving (2012-11-28, 2016-07-09 and 2020) and one for the upcoming soft fork on 2017-08-01. I have also put a number of trendlines on, intersecting every time the 7 and 21 day trend lines cross the 77 day trend line . The two purple ones predict exactly the value of the 7 and 21 day trend lines on 2017-06-26. They are from 77 day trendline crosses on 2014-11-30 and 2014-12-12. Then there are the red trend lines based on the bottom of the troughs from the first four years and the first halving. We don't have the bottom for the second halving yet, but I've made a prediction based on the bottom red line. The red lines above the bottom link peaks. Note there is prominent symmetry at 5 pairs of peaks in the second halving! I used that also for my prediction in the second halving.
BITSTAMP:BTCUSD
by ndthl
2
USDCAD 1H Chart.Geo completes, Eyes 1.3300.Traders, 1- The Geo (WolfeWave) completed its 5-point target at its ectopic 5' level A price reversal from Point-5' offers the HIGHEST probability of attainment at a price level corresponding to Point-4 (1.3432).I am looking for further targets at least for 1-4 line (close 1.3300) according to the bigger EW 5) last impulsive wave. 2- Internal Geo's structure developed into a corrective double 5-3-5 pattern typical of Elliott Wave's Double Zig-Zag (WXY) ending at 0.382-Fibonacci retracements of the bigger impulsive wave 3- Internal ab = cd geometry near "Model" target. 4- A Negative Divergence associated with Bearish trending markets, disclose a significant decline. Trade with discipline. Best,
Short
by ChrisMark
1
EURUSD Daily Symmetry Set-upA daily zig-zag is possibly nearing completion on the EUR/USD daily chart. The March 3rd low to the March 10th high is 200 pips. Projecting off of the March 9th low of 1.05251 we get 1.0727... From current price action, the 1.0750 level is acting as a short term resistance level. The first reaction to the Fed raising interest rates was risk on but eventually, capital inflows will create US Dollar strength.This is something to be wary of...I'm looking to fade strength in EUR/USD. I'm a longer term trader...taking my cues off of weekly and daily charts. I am currently waiting for more information from the weekly/daily chart price action to establish any concrete set-ups.
Short
by KennTrade