HUGE GAPS on market open across all markets related to the US Dollar! XXXUSD ? USDXXX ?
DOGE Doge coin weekly and 24hr potterboxes and its still dropping. i drew a box from the extremely far left. and that's what we are encountering I believe. But alot of coins are dropping. Happy Trading.
Bullish Bat Pattern on SOLUSD I’m currently tracking a Bullish Bat pattern on the SOLUSD chart, with price nearing the Potential Reversal Zone (PRZ). In addition to the harmonic structure itself, I’m looking for RSI divergence and DMI Delta shifts as confluence signals that buyers might step in. 1. Pattern Overview • The Bullish Bat typically consists of X–A–B–C–D legs, with the D point (the PRZ) often completing near the 88.6% Fibonacci retracement of the XA leg. • Reversal at the PRZ can signal a potential upswing if confirmed by price action and supportive indicators. 2. Key Confluence Indicators • RSI Divergence • I’m monitoring the RSI (Relative Strength Index) to see if it prints higher lows while price makes lower lows. Such a bullish divergence often hints that downward momentum is fading. • DMI Delta • A bullish shift in DMI Delta occurs when +DI (positive directional index) starts outpacing –DI (negative directional index), or the spread between them widens in favor of buyers. • If the DMI Delta transitions positively around the PRZ, it reinforces the idea that bullish pressure is building. 3. Fibonacci Levels & PRZ • XA Retracement: B commonly retraces 38.2%–50% of XA in a textbook Bat. • CD Extension: The final leg (CD) often extends 1.618–2.618 of AB, converging near the 88.6% retracement of XA. • Keep an eye on these Fibonacci confluences. If price consistently holds above the PRZ with bullish candlesticks, it can signal the market is ready to turn. 4. Trade Setup • Entry: Consider entering after confirming bullish divergence on RSI, a bullish DMI Delta crossover, or a candle close above a key short-term resistance. • Stop-Loss: Commonly placed just below the D point or the most recent swing low, depending on personal risk tolerance. • Take-Profit Levels: • First TP near the B point or ~38.2% retracement of the AD leg. • Second TP near 61.8%–78.6% of the AD leg if momentum remains strong. • Risk Management: As always, position size should align with your overall risk profile (1%–2% of account balance per trade is typical). 5. Market Context & Final Thoughts • Larger Timeframe Check: Confirm that higher timeframes (4H, 1D) support a bullish bias. A mismatch in trends can weaken the pattern’s reliability. • News & Sentiment: Crypto moves fast—keep an eye on headlines or broader market sentiment, which can accelerate or negate technical setups. Conclusion: If RSI divergence and DMI Delta shifts align with the Bullish Bat PRZ, we may see a reversal to the upside on SOLUSD. However, always remain flexible and ready to adjust if the market invalidates the pattern. Disclaimer: This post is for educational and illustrative purposes only and does not constitute financial advice. Always do your own research and manage risk prudently.
SPY - Failed 2U week after going outside month the week before. Not super shocking, but now we sit in an interesting spot. The new month will open inside bar and has to either take out previous month highs (Which is ATH) or Jan Lows. Seeing that the range is pretty wide for downside, It will take less effort to make new ATH. Not that it means a whole lot, but that is something to note. Next, we see the week closed failed 2D, but is pretty much slapped right in the middle of last weeks range, so it will take an equal amount of effort to make a HH or LL. Finally, from a daily perspective we have a large failed 2U with slight PMG to the downside. We are definitely primed for a sharp corrective move Monday, but of course anything can happen, we are just much closer to seeing the bear scenario than bull. In my mind, the ideal weekly scenario is this: Monday sees sharp corrective move, taking out the PMG guys, then the rest of the week climbs, triggering the weekly 2-2 Rev, which then ideally sends us into ATH once more before seeing either BF expansion on the Month (since we would go 3-2U.), or seeing us start to come back through last months range for a larger corrective move. In the pure bear scenario, we trigger the daily reversal, head down to weekly 2-2 cont. trigger, then see if we can make progress down back through a few daily gaps, ultimately targeting prev month low for the 3-2D M. Given that we are going into a new monthly open after going 3, we could very easily just chop and go nowhere for the week seeing as we may just remain inside week with the month being inside to start out before possibly seeing control more clearly dictated in the 2nd/3rd week of Feb. Main advice regardless is to trade things that are moving early on like gappers, and anything where the month goes 2U or 2D in the first week. Avoid inside bars if possible and trade light! Main setups for the week: Bull: GE - Inside D and W ORCL - Hammer W to head back through D gap. Cautious with this one MRVL - Weekly 2-2U. Daily gap fill to the upside after giant gap down to exhaustion risk Bear: BA - Shooter 3-2D weekly. Bear Revstrat daily. Daily BF looks solid. MSFT - MoMo Shooter M, 3-2D W, Daily 2-1-2D. Check daily BF. Still has magnitude after massive ER drop VZ - Weekly 2-2D, Daily shooter 2-1-2D, FTFC Red. Check daily BF Neutral: RKLB - Inside week. Nuclear Green FTFC and super crazy ATR lately
Going long on BTCUSD From 96300-95800 putting Stop loss at 95250 Targeting 97000-98000-99500. If you want to follow Hop in.
read that title one more time anon, and then again. bookmark this post, come back to it in a few months and tell me you made money, or come back to it, and tell me how wrong i was. either way, this is the primary. --- there is blood on the streets, so i come here on this eve' to share my perspective, to shed a little light on how i'm looking at this structure. i don't have to put this update out today, i really don't, but i'm doing it for you, the people. if i'm wrong, so be it, but if i'm right, donate a portion of your winnings to a charity and go live out the rest of your life away with a smile on your face. --- my theory on ethereum is simple, i'm labeling the entire move from november 2021 -> november of 2024 as a triangle. for this triangle to work out, it is imperative for ethereum to stay above 2359.29 which is the hard invalidation on my idea. sweep this low, and ethereum can see a liquidation down to $800, where the real trench will be discovered. --- keep in mind, i am not a financial advisor, this is simply my best bullish take on a market which so many are fleeing from, during a time where alt season is on the verge of beginning. ?
Here on Banknifty price form a double bottom pattern and now try to go up as the line 49733.15 has broken so trader should go for long with expect profit target of 50557.40 and 51381.60 . Use money management
Holding the 50 EMA support on the daily chart. A close below could bring us to test January lows around 90K before any potential bounce. For now, we are expecting a bounce by daily close. Bulls must show up here to save the day. I'll be watching these levels closely over the next 7 days.
I Hope btc may break the channel and sweep liquidity (Propably another short squeeze followed but quick bounce and continue in inside the channnel
Just a short update for my latest C&H post Price is also forming an Ascending Triangle pattern with a liquidity zone of $2,800 - $3,000 for an average spot for buyer to step in When trading chart patterns it's best to figure out how to jump in before the breakout similarly to the last touches highlighted in blue on the bottom trendline You can see that price was forming a bottom-like pattern or what I also like to call price accumulation and then vice versa for the tops.