BTCUSD - Price Prediction and Technical Analysis (May to July)Horizontal Green Lines = Support Levels
Horizontal Red Lines = Resistance Levels
Diagonal Purple Lines = Tightening of Resistance/Support
White Arrows = Prediction of future market movements based off personal TA
Equilibrium formation on the Daily/Weekly chart that is about to finish up it's tightening pattern. An equilibrium occurs when the support and resistance levels slowly squeeze the market trend closer and closer to the middle of the two, which eventually breaks causing the market to burst towards a direction chosen by the majority (and Fomo).
From what I can see, the market should be heading towards the $7800-8100 region in the next 2 to 3 weeks, after it makes a small bounce to the $8700 area to finish up this week. From there onwards, we'll see the market move back up again to test a newly formed resistance level (Mid-$8000), while consolidating along side the topside of the Purple Diagonal Line. Soon after, the bulls will realize the market is finally ready to start a new uptrend, and the shorts/whales will fomo buy and launch BTC out of the equilibrium pattern to finally begin a new uptrend that will last for the 2nd half of the year.
Thank You, and Good Luck!
~~ Not Financial Advice. Also, the lines and numbers show the general direction/area of movement, and are not "exact" ~~
Equilibrium
Equilibrium Consolidation Fractal?Ticker: COINBASE:BTCUSD
Time Frame: 3h/5 Months
Not well versed in fractals, but I see a pattern that's reoccurring that would confirm the equilibrium consolidation.
It would also confirm my TA that's been saying we should be going down, not up right now, to get ready for the real bull run.
If a higher low is confirmed I will be entering all fiat into the crypto market, though, you may want to hold to make sure a fourth consolidation fractal doesn't play out. I think that may be unlikely though.
BTC Equilibrium Pattern to watch for 2018BTC seems to have established a Higher low on the Weekly chart. Seeing that I would now say that we will run in an Equilibrium Pattern into late May/early June. My opinion is the we will see a high around $9,000-$9,200 and then get a pull back to as low as $7,500 but staying in our pattern (creating a Higher low). I then see a run breaking out passed the $9,200 level and going to $10,000+ and breaking out of the pattern. If we go a little further into the future and end up seeing BTC breakout over the $11,800 level, we could see a huge 2nd half of 2018. If this pattern on the Weekly chart breaks down and we lose our higher lows we could easily test the $6,500-$6,000 level again. In My Opinion We will be very bullish for the 2nd half of the year, happy trading!
BTC: Potential Swing Trade Entry?Tightening equilibrium pattern on BTC. Getting close to a flex point. Must see a break. Saw Bulls attempt a breakout today. However, lower highs returned. Still, BTC is currently in a healthy consolidation after morning bull break.
BTC needs to get over $11,690.00 for clear Bull Break. $10,853.00 and $10,850.00 is a double bottom.
IMHO, BTC setting up for a great swing trade entry.
BTC 3848 consolidation on target BTC's 3848 two-week consolidations on target. Actually a tiny bit bullish, just a little.
Short and sweet, take it with a grain of salt.
~Ji
This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
This is not a therapy outlet for negativity. Go join MMA.
Happy trading everyone.
Equilibrium channelUSDJPY make +100 pip bullish move after NFP release with 29k better than forecast.
But this news cannot make bigger move and USDJPY Still trap inside equilibrium channel (A=B=C=D=E=F=G)
Dont make hurry decission in this movement, because to make trend change, this pair must break up 111.34 as bullish key level for this week
*break trendline its not a sign of reversal
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
ETHUSD Equilibrium Pattern BULLISH BreakoutEquilibrium pattern forming on ETHUSD. We had a big correction on 7/18 from the new recent high of 271. Trend is still upwards with some small, healthy corrections along since then. Notice the large green volumes following each correction are larger than the previous reds. ETH is still bullish, as is BTC, indicating a good correlation. Watch MACD on 4hr and daily. I will target long position between 215-225. An upward break will likely pass the 237 level and retest 271. Wait for the equilibrium pattern break and a nice bull candle to enter.
Be smart, methodical, and responsible. Let me know what you all think.
$xlu continuation patterns across the board!-higher time frame showing healthy pullback in defined uptrend finding support at 53.3x area
-mid time frame shows range bound action after a quick downtrend/ signs of accumulation are seen in range bound equilibrium
-momentum is strengthening upward along with volume pressure
-spring candle/pinbar found on mid time frame finding quick support at 53.3x area shows buyers conviction
multiple retests of resistance area 53.6x area shows weakness and high probability of breaking out
lower time frame supports previously mentioned idea with price action making higher lows and higher highs into resistance showing buyers conviction with rising rsi
USDJPY SHORTPink dashed lines are levels where I would like price to play resistance bounce and trade onto the downside towards the previous day EQ & taking out the lows then to the structure low 110.241. I'll like to see clear rejection from the pink zone (Breaker) to get involved but right now I am sitting on my hands.
EURGBP SHORTPrice respects Daily & 4Hr order block, trades back into the up trendline structure. Fib drawn from swing high to low 50% retracement level & 4hr breaker low lines up together @ .86081. Possible HP move on the downside if EQ holds. Also previous week EQ too .86075 added confluence for me to short this pair if price action plays out to the books.
EURGBPFollowing the aftermath of Article 50 being triggered, EURGBP was bullish in favour of the Euro with Pound weakening and Dollar short term strength after the whole shebang - GBPUSD. Here price tested trend structure where support price action played out well. Price is currently trading below 4HR Breaker candle as well as the previous day equilibrium to retest and confluence with 70.5% fib level.
GBPUSD Under Equilibrium: The Measured Move ConceptSorry been a bit busy lately. Have been in this short, didn't take the time to pin the idea here. I wanted to magnify the measured move concept here (after the fact yeah I know). But really it's because it helps find a point out of your trades or (if you don't want out) at least help identify where we are in the larger perspectives.
For those still short, I would highly advise not to move the stoploss down too far. Price could rally to the Equilibrium and slightly above. Thanks and good luck!
GBPUSD 8 year cycle can be true?As some markets analysis models suppose - there are major market reversal cycles somewhere around 7 years length. As we connect two previous lows on the monthly chart (2001-06-01 and 2009-01-01) appears next same length low could be expected at the end of this summer (2016-08-01). That's 91 month cycle (7 years and 7 months) and one more lowest low was 94 month length (1993-08-02 - 2001-06-01).
One more thing we can say - GBPUSD seems like have magnetic middle zone of equilibrium somewhere around all time high and low Fibonacci 50%. And if this equilibrium period was in below side of the 50%, next could go above as the previous cycle was.
In the other hand - this chart looks like huge Head & Shoulders pattern, but we strongly doubt about the price dropping to 1.0 - 0.7 zone (as classical model of head & shoulders suggests).
At the moment market is at major support level of 1.45. It is in the middle between past swing (2009-01-01 and 2014-07-01) high Fibonacci retracement levels of 61.8% and 78.6%.
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Best wishes for new incoming trading year! ;)