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Wpattern

Incoming W patternWith this idea I wanna bring attention to a possible W pattern playing out in the Bitcoin chart. I am currently short from 6950$ and looking for a bounce around the 5500$ range. W patterns are very common in a Bitcoin bear market, as you can find them in: April '14 October '14 February '15 It's still too soon to say though, but if we go towards 5500$ I am looking to catch a long and ride it to the daily 100 and 200 MAs at around 8000$. Good luck to everyone involved! chrzky
BITSTAMP:BTCUSD
by chrzky
1
EurAud Updated, Check this outWhatsup ALL , here is the full analysis for this EURAUD, let me know in the comment section below if you have any questions, .Keep this pair on your watch-list . I have Linked My previous EURAUD Analysis in the links Below! Conditions - 1. Wait for confirmation 2.Use Risk Management 3. Do your Own analysis Have a great week. See You in the next Video! *Dont forget to drop me a like , Comment and a follow. we appreciate the support and it will encourage us to make more free analysis like this for you all :)
Short
by Global_Fx
XRP/USD ALMOST AT THE END OF THE WEEKLY CHART BEAR RUN...::: THIS IS A WEEKLY CHART !!! :::... XRP/USD is coming to the end of it's bearish run on the daily, but still within the triangle on the weekly chart. Price action is nearing completion of the Level 2 move (2-1, 2-2, 2-3), which will then start the Peak Formation Low (PFL) move which is a Level 3. No doubt, going by past market structure, manipulation will be constant and keep the price at a consolidation zone in order to frustrate the market even more. I'm expecting a 3 legged W formation before the first fake breakout of the triangle structure, as noted on the chart. Manipulation will continue before the final drop, which should complete and confirm a level 1 base before launch anywhere between December 2019 ~ February 2020. My opinion is that they will launch towards the middle or end of January 2020 to complete the level 1 move and start on a level 2 move around 0.42 cents. From level 2 to PFH (@ 0.58 cents), could be very fast or drawn out. Note that all of the EMAs are starting to fan out, which signals preparation for a reversal of trend. When we look at the TDI indicator at the bottom, it also shows we are approaching the oversold area, with RSI approaching the lower outer band. I'm expecting the market will push the RSI downwards a little more, to form a sharkfin before the uptrend starts, breaking out of the triangle structure. The fast EMA (the red line within the TDI indicator) should also follow RSI, although I'm expecting it to touch the lower band (blood in the water), coinciding with the sharkfin pattern. I believe the sharkfin blood in the water pattern, may occur around October 2019 (next month), so we will most likely see lower pricing, possibly around 0.20 cents USD, before the bullish trend starts properly. I've marked this chart conservatively because in the last 12 months, the chart shows that the XRP market conditions are highly manipulated to the extreme, not following normal psychological and normal buying patterns, coupled together with Ripple dumping huge amounts of coin into the market, out of their escrow wallets, no doubt to keep current pricing low and within the triangle structure. Yes, 1000% this coin is manipulated by ripple themselves. Why? who knows... especially because the higher value that XRP has, would facilitate xrapid and other transfers with XRP and would help increase market sentiment... so in my opinion, its non sensical... but once this current manipulation has run it's course, we should see a very strong uptrend, possible gaps in prices from candle to candle, within the 4 hourly to daily chart. My guess is that we should see XRP arrive, at least $150 to $200 by June 2020. Does this sound far fetched? possibly, but possibly not. Time will tell, the chart never lies. ########### DISCLAIMER: These are my analysis, my opinion, I give no guarantees and I'm not responsible for any losses that you may occur if you trade this, whether you buy crypto or trade it in the CFD market. If you want to trade this chart, do your own analysis and make sure you have a good money management plan in place. If you want to learn more about trading, here is a good place to start: babypips dot com I generally post my own analysis in BTMM format, although I am proficient in Crypto Patterns, Gartleys, Butterflies, Pattern Trading, Elliott Wave Trading, Pitchfork , Trendline , VSA and Price Action trading, for which I may from time to time post additional analysis including some of these other methods. I don't answer to bullies, trolls or charlatans. I don't have time to debate you so if you write babble, I will ignore you. Post a proper analysis, but don't post a blank chart with words or claim you are a 'WE' and have some magical algorithm or secret, then I might answer you. I'm posting this chart here for my own personal record and to share with those that may appreciate it, with the hope that it can help someone. ###########
BITFINEX:XRPUSD
by UnknownUnicorn4938033
3
Altcoin rocketship fueling up? This chart is pretty straight forward, but I'll annotate what I see happening. I've said this on many youtube videos, twitter post and on reddit that I'm noticing a very similar pattern from 2015 and now. Seeing how this is on a weekly time frame, this will require some patience to develop. www.reddit.com twitter.com 2015: Major Correction - 84% drop Bear Trap - 56% drop Followed by a rocket ship of a uptrend that lasted the latter 2 years of the 4 year BTC cycle. Notice that the total market cap gain from bottom to top is a 6356.51x gain 2019: Major Correction - 90% Bear Trap? - 46% so far (Could have a little bit more to go) Directly 4 years since the last cycle which puts us very close to the next "rocket ship uptrend." Lets also notice that from June 2014 to Jan 2018 looks like a big J with the bottom part of the J forming a W. Fast forward to now, we look as if we are forming the bottom of a J and the second dip of a W. If we do even just a quarter of what 2015-2018 did, we're looking at atleast a 1500x gain in total marketcap. Of course this is not going to be distributed evenly. Some will see higher gains than others, but should we follow history we're in for a very crazy ride. What I want to see before entering another position in altcoins is for my indicators to be going up while the marketcap is either going sideways or going lower. As of right now, alts are under the wine press, but they nay not be for much longer. Only a few months if we follow the pattern. Remember, the tortoise wins the race. Lastly, I'm not your uncle, this isn't financial advice. Everything said here is for informational purposes only. I'm only giving my opinions based off what I am seeing in the charts. Always make sure to do your own research and come up with your own conclusions before investing. Donate: BTC: 3NiagBLCT2EeecFDYSBwKpoC2wDuVi1B2P LTC: LcQzho9WDH1TCH9diS9ioiTBjvRuJ9NyCR TRX: TG676iPXWwQYiBb1TjPFSAiVypFfgHXvZ8
CRYPTOCAP:TOTAL2Long
by Goomonster