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Bulkowski

TSLA: Did a Top Signal.• TSLA is doing a top sign, and it is showing some weakness; • Since TSLA is losing the $200, and it did a top sign, the next technical stop is the $182; • The last 3 candlesticks form what appears to be an Evening Doji Star, which according to Bulkowski’s studies, works as a bearish reversal 71% of the time; • Therefore, a correction wouldn’t be surprising, especially when we realize how far TSLA is from its 21 ema right now. The mid-term bias is still bullish, despite the possible correction. In this scenario, any bullish reaction above a clear support (the $182, or even the 21 ema) would be just an opportunity to buy, as the bias would still be bullish, and the Risk/Reward Ratio would be very good; • I’ll keep you updated every day on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
SPX : Diamond top widening out ready to crack? Here is the trade and your odds: This pattern breaks down 69% of the time. 82% of the time when it and (if) it breaks down the downward move will be at least the same percentage move as the upward price move that led to the diamond top approx imately 21% . This would translate into a dump right on or about the 50% fib retracement level at 3200 and change. Also noteworthy is the confluence with previous gap support resistance just below the pre-pandemic high. Stay short my friends. Journeyman
SP:SPXShort
by Journeyman124
2
TRX/USDT WEEK CHART POSSIBLE DESCENDING TRIANGLE In this idea I am drawing a descending triangle to show the catalyst that should bring us to the bottom. Descending triangles tend to breakout to the downside and then the price action curls up to begin an uptrend. This idea takes into account many things such as and not limited to Fibonacci, Bulkowski, and correlation with Bitcoin. The difference is that with this chart they are used in a simple way to determine the targets and the movement that can be expected after the downtrend is over. The only thing this chart doesn't utilize is the RSI its just pretty. If you agree throw me a like and follow me for more unique concepts, ideas, and projections that keep you in the gains. Much love to my supporters -ND
Short
by The_New_Disciple
What's the ADAM & EVE pattern? According to Thomas Bulkowski's Encyclopedia Of Chart Patterns, the Adam and Eve formation is characterized by a sharp and deep first bottom on high volume (Adam). The stock bounces and develops a more gentle correction, printing a second bottom (Eve) on lower volatility. Eve's rounded bottom takes longer to develop than the Adam spike and it is characterized by lower volumes. Price action congests into a tight range and the stock then breaks to the upside. The top of Eve marks an excellent entry point when broken. The resistance is often located along the top of the center retracement pivot. Sometimes they occur at the end of parabolic rallies. The opposite is true when the Adam and Eve formation identifies a top. Risk must be managed very carefully. Sometimes you might conclude that a bottom has been reached, only to discover that it's a breakout to new lows. Further, stop-losses must be applied with discipline. Don't stick around too long; the failure of this pattern will gain downside momentum quickly. Entry is not easy from the psychological perspective, because sentiment will be negative during this type of market action and volatility will be high. The potential for short-term profits is high, because the reversal, when successful, is explosive. Drep historical swings 👇🏽 Nov 19, 2021 Dec 16, 2021
DEducation
by Zivul33
4
Rounding Top idea for $BEL vs BTCROUNDING TOP IDEA Following up on the initial idea for a Rounding Top playing out on Bitcoin, this 4-hour $BEL chart shows a similar pattern which I expect to perform in an uptrend for a big move up in the mid to long term. April 17th's BTC dip accelerated the pattern closing and almost bounced off the rising trendline support. An impulse move might bring price to ATH by the end of this month (April) depending majorly on Bitcoins behavior. PARABOLIC CURVE THEORY POSSIBLE I've marked price level 7.00 for a future idea analysis on a larger scale timeframe as I believe this coin might be developing a parabolic curve. That level could actually be a base 3. If that turns out to be so, I would confirm the existence of the parabolic curve pattern making it a awesome opportunity for exponential growth which would put the long term price level around the 13.2USDT.
by AponSOKS1978
Rounding Top idea for $BTC***NOT FINANCIAL ADVICE*** ***THIS IS A PERSONAL IDEA, DYOR*** Could this be a Rounding Top pattern??? Note: Bulkowski describes the "Rounding Top" pattern in his Encyclopedia of Chart Patterns, page 608, as an upward breakout, indicating: "As prices move up, they curve around then break upward". He also mentions a downward volume trend as a sign of this pattern. This daily chart shows BitCoin $BTC describing a move that starts at the last days of January 2021 with higher highs (HH) that describe a curved geometry, rounded on the top. Inversely volume is doing the opposite to price and also shows decrease in volume (see Bulkowski note above). Between march 25th and april 21st Divergence indicator signals a bearish div on the Volume-weighted MACD (VWMACD) and Chaikin Money Flow ( CMF ) (see the yellow tag). This divergence is not clearly corrected yet. I'm speculating on 2 possible bullish ideas: The first one is based on a possible ascending trendline starting from mid December LL making a second touch on end of January's LL and that could be confirmed if price action bounces off for a third touch when hitting the 50K support level and if it fails to break down. This could start an uptrend to +78K in short term for Measured Move A. The second one is based on the chance that if price action breaks below the 50K all the way down to the 45K support level we might see an even bigger uptrend, all the way to the +90K level in mid term for Measured Move B. Let's remember that the weekly 21EMA sits at 45K atm. Bearish outcomes can be possible. We've heard people talk about a different scenario playing out if price action breaks the 21 weekly EMA marking the end of Bitcoins bullrun. Let's see what plays out... As always DYOR.
by AponSOKS1978
8
$UBER Performing in a Sym. Triangle - Breakout soonOn the Daily, UBER is performing a textbook symmetrical triangle and is ready for another breakout soon. Weekly levels in purple color gives us the range for starting up a trade position. MACD is giving is bullish divergences too. Measured move is included as I have placed 2 price targets. One for a little long action in between the triangle and another one soon as the price breaks out of the triangle and uses it again as a backtest on the spring/ weekly level again. important: Watch for confirmation! Performance Rank based on Bulkowski during in a bull market: 16 out of 23 Break even failure rate: 9% Average rise: 31% Change after trends end: -31% Volume trend: Downward Throwbacks: 37% Percentage meeting price target: 66% Thank you!
NYSE:UBERLong
by Y3N47
BTC Ending triangle Daily wave counting looks exactly like Bulkowski Ending Diagonal Triangle Elliott Wave Pattern. This pattern analysis is not a completed. thepatternsite.com I'm expecting a throw over so a potential short should be between ~76k and ~70k. I know that this is a pretty large range but those are the levels where we should watch for bearish signs like Volume Spikes, bearish divergences on daily and lower time frames. Till then I'm expecting sideways up price action. RSI on weekly could be forming a new bearish divergence. Will update this analysis as we go up.
Short
by CryptoSlots777
5
CRV/USDT 1 Day chart In this idea I toy with some cycles and with a very basic chart pattern. This is a perfect specimen of an ascending scallop. Measurements are to soft exits to insure exit. One might say a pyramid style scale in with an inverted scale out would be the best way to utilize these targets to see max profits. This is a good example of the trades that I drop for my group, but I wanted to throw you guys this trade because I want to see you win. Why not? This one is what people look for all the time an get lucky once in a while. I studied hard as I could so that I don't have to be lucky. Hope your trades see many gains, much love to my supporters! If you agree throw me a like and follow me for more unique concepts and ideas that keep you in the gains!
Long
by The_New_Disciple
BTC/USDT 3 Hour Chart Fall ProjectionOk guys I think this is where we finally see our pullback. Notice the artificial pump to diverge from the original fractal . Who knows? Maybe its nothing, but this is what I see and I wanted to share with my followers so they were aware what may occur here. Covered in Bulkowski's Classic Trading Patterns under the trend line chapter he mentions a piercing of a diagonal trend line after 5 touches. The price action then should come up and retest the trend line and get rejected just as it was last year. Only time will tell. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains. Much love
Short
by The_New_Disciple
4
XRP/USDT 4 Hour Ascending scallopWe are have completed a Minor set of Descending scallops and now should see a trend reversal into a set of Minor Ascending scallops. These two Minor sets will complete the Sub Major Ascending scallop. Currently we are creating the rounded bottom of the Sub Major Ascending scallop. This move is correlating well with the impending XRP snapshot for the Flare airdrop. If you are participating in the drop please consider security above all else. There will be a lot of scammers out trying to take people's coin and the event could tempt some hackers to hit exchanges. Just wanted to let everyone know that Nexo is going to support the XRP airdrop and they utilize multi-signature cold wallet storage and your assets are insured up to 100 million dollars not to mention you will gain 5% daily interest for as long as you hold XRP in an account with them. This is the safest option for the airdrop with the next best option being Kraken. An interesting tactic I used was to deposit my XRP into NEXO which then gave me an instant credit line to borrow against I then purchased even more XRP and deposited them into the same account. With 5.9% interest I am confident that $8 for a month won't eat into my profits too much ;) We have all been waiting to see XRP shine and this is the just the beginning. If you agree throw me a like and follow me for new ideas and concepts that can yield healthy gains. Take care and thank you for the support. Also, stay on the lookout for my Youtube channel which is under construction now and will have the first videos released before the first of the year.
Long
by The_New_Disciple
2
BTC Dominance Idea Bullish Outlook 1 Day ChartIn this breakdown we see the descending scallops outlined in red with the twin rounded bottoms on a downtrend. The green represents the Ascending scallops and the estimated movements as we are seeing the trend reversal occur and begin the first of two rounded bottoms shapes that will comprise the whole of the first scallop in the uptrend. If this scenario plays out we will see levels not seen since 2017. As the scallops curve upwards we should see strong BTC movement to the upside. As we fall into the scallops rounded bottom we should see the alts get a much needed breather. In this idea its not hard to see how so many people believe we will see a 50k BTC. If you agree throw me a like and follow me for more charts and concepts. Thanks for the support Much love
CRYPTOCAP:BTC.D
by The_New_Disciple
BTC/USDT 1 Hour Short term Bearish-Long term BullishThis idea shows a 30 minute descending triangle inside a 1 hour descending broadening wedge. The descending triangle is the catalyst that moves the price action down to do its second bounce inside the broadening wedge. To validate this we want to see the price action continue to be rejected and head to the bottom of the descending triangle, break to the downside finding support at the bottom of the broadening wedge. If this plays out it we will see some very bullish movement. With a possible trend reversal coming in on Bitcoin Dominance this could be where Bitcoin really makes some impressive price movement. I have included a link to my Bitcoin Dominance 6 Hour chart which shows a set of three descending scallops which what I see coming is a set of ascending scallops which would translate into huge pumps on Bitcoin with rounded bottoms allowing the altcoins to breathe which is a win for everyone. If agree throw me a like and follow for more in depth analysis ideas and concepts as they develop. Thank you for your support
by The_New_Disciple
BTC/USDT 30 minute chart Bearish IdeaThis is a idea based on the fractal I believe we are within. This will be a bearish scenario where the right side of the scallop fails to exceed the last highs. This idea will be invalidated if the PA exceeds the left side highs of the scallop. Only time will tell what moves Bitcoin makes here, but volume was lacking as we entered this consolidation region. Even in the case of another fall the resulting consolidation region will see a similar pump to the altcoins. If you agree throw me a like and follow for more great ideas and concepts.
by The_New_Disciple
4