BDTrading

BDTrading

We are at an important inflection point for BTCUSD where we have hit a number of key levels including the 360 ema (blue), the 8 year trendline (yellow), the 2017 high of around 19k and we've completed a 1.414 extension down from recent highs. Note how the March 2020 crash bounced off the 360 ema and yellow trendline. Will all of these levels function as support...

BDTrading

I put this model together last week prior to leaving for a trip. I considered publishing it then, but, go busy with my trip. I post it now with no changes over what I put together last week. Note: This model is based on the first 3 cycles of Bitcoin halvings where price takes a dump (bear market) then finds support and rallies to new highs. This occurs just before...

BDTrading

To close Q2 2021 USDJPY topped out at resistance in the June 28 2021 weekly bar while aligning with the top of the ascending trend line begun in Q1 2021. In the following week to start Q3 2021 price fell to close below the ascending channel formed since mid April 2021. In so doing bearish divergence was formed with RSI. The downward move continued with price...

BDTrading

ETHBTC has broken out of its bull flag pattern and is heading upward toward 0.11 which represents the height/distance of its bull flag pole. This point is also close to the 1.618 extension of the pole. The mid-May highpoint is the 2.618 extension of the early 2021 ETHBTC upward push. Conclusion: ETH is expected to outperform BTC over the upcoming months.

BDTrading

Bull flag breakout in Feb 2021 created impulse wave upward with 5th wave culminating in April 2021 top. This was followed by A-B-C retracement pattern from mid April thru mid May 2021. Mid May C point low is 1.618 downward extension from prior upward wave high point at wave 5 and low point of wave 2. From C point in mid-May 2021 we are consolidating around the 30k...

BDTrading

2017 run-up over 34 weeks followed by decline in channel over 51 weeks. 2019 run-up over 29 weeks followed by decline in channel over 57 weeks. Bigger patern 2017 run-up along with decline in descending channel over 137 weeks (which includes bottom to top of channel upward move formed by the 2019 run-up) then breakout above descending channel in July 2020. Leads...

BDTrading

Aka "Waves, Channels, Extensions Oh My!" 2021 so far has seen explosive moves in the Crypto space including Cardano ADA. What follows are multiple layers of analysis on ADA which paint a technical analysis story of how we got here, where we may end up, and when we might get there. High-5 the Waves! We see a story here of consistent back-to-back Elliot Wave...

BDTrading

I see the big picture DOW futures going to just under 40k (possibly this year or next) based on trend continuations, support/resistance and structure patterns, pullbacks and fibonacci extensions, further economic stimulus, decline of COVID-19 effect, disruptive new innovate technology and businesses fueling growth, FOMO (fear or missing out) by some investors...