mtc

You find a Adam & Eve  Chart sheet here.

The Analyse starts here

You can find the short setup of the previous movement here. In reaction to the squeeze, a new ABCD pattern has formed, and it has now reached rule target 1 on the 0.38 Fibonacci.

Here's my Bitcoin Update about the trade I posted Mid-June:

Basically, the ABCD pattern is the basis of the harmonic pattern and is referred to as a Fibonacci trading strategy. Such a pattern arises from price movements and corrections and places these in a Fibonacci relationship with each other. If certain ratios arise, different patterns can emerge. There are variants in the patterns, which are represented by bandwidths in the figures. In simple terms, these are dynamic patterns consisting of at least 4 or more pattern points.

Grundsätzlich ist das ABCD Muster die Basis im harmonischen Pattern und man spricht hier von einer Fibonacci-Handelsstrategie.  Ein solches Muster entsteht aus Bewegungen und Korrekturen des Kurses, und setzt dies in ein Fibonacci-Verhältnis untereinander. Ergeben sich bestimmte Verhältnisse, so können verschiedene Muster entstehen. Es gibt in den Mustern Varianten, die durch Bandbreiten in den Zahlen abgebildet werden. Es sind in einfachen Worten dynamische Schablonen, welche aus mindestens 4 oder mehr Musterpunkten bestehen. Grundsätzlich gibt es bei den Harmonischen Mustern:

An update glitch triggered a significant price movement at CrowdStrike. As the good Lord would have it, this event occurred at a multi-cluster zone of technical analysis, which we will now look at in detail. In the following chart, we can see several technical analysis elements. In the left chart, we see two significant technical patterns, which we call wolf, consisting of 5 pattern points. We can put these wolf patterns in relation to each other. The red pattern, which is larger, is called the “superordinate pattern”, the green pattern is the “subordinate pattern”. In the 4h chart on the right, we see an ABCD harmonic pattern in blue. This is a pattern based on Fibonacci ratios. The indicator in the right window is an RSI, which, in this case, even shows a divergence. 

CME has tapped that downward support line multiple times now, indicating strong support.

It's been a while since my last blog as I'm in the process of moving from Thailand to Indonesia and spent some time with my family in between. But now I'm back! 

I would like to explain the whole thing using a classic example in the DAX, but it can also be applied to crypto, commodities and forex. A little later in the article, we will explain the most common candles and what you can do with them. The classic DAX has a daily trading time of 9 am to 5:30 pm, which means that the daily candle starts at 9 am and ends at 5:30 pm. As you will see in the article, it is possible to interpret possible price movements based on the different appearances of the closed candle. Beginners in particular are often unaware that there is both pre-market and post-market trading. Advanced traders, on the other hand, often do not know that the candle image can also depend on the broker's server time (time zone) if they themselves trade from a different time zone. Trading interruptions, as in the Nikkei225, can also distort the chart.

What's up guys! Following up with Bitcoin today! We've ditched into the "resistance level" at around $72k multiple times now. To be honest, I don't like "support/resistance level", I always associate them with retail trading, which isn't really my style since I use other parameters to define my bias/levels/patterns etc. 

Today I decided to do a tricky analysis. Why is this analysis/stock a tricky one, you may ask? It's very simple, I deem a drop in almost all the major indices as very likely and I don't like trading against the trend. Of course there are always exceptions to the rule, but historically speaking, in times of economic decline the vast majority of all stocks drop in price.