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Measuredmove

Finding Clarity through the Profit HazeHello fellow Traders, We are looking at the BLX chart on the Weekly to establish a long term directional bias for Bitcoin. I trade using David Halsey's Measured Move trading system. While this system is just Fibonacci retracements, the "special sauce" behind this system is how the pivots are chosen for those Fibonacci retracements. This system has a self-referential, fractalizing nature about it. I will defer to DH for any further Measured Move teachings at his website (www.eminiaddict.com). To give some historical perspective, applying the Measured Move (MM for short) system to the BLX chart in Log scale, we can find a clear "market footprint" to base our analysis off of. On the left, we have the first Traditional MM (Low to High) which price goes blasting through the first Profit Target during Bitcoin's 1st bull market marked by the 1st red arrow. When price goes through the Target, the Traditional MM turns into an Extension MM (high of Trad to high after meeting Target) which also met it's Target in Bitcoin's 2nd bull market. With our current bull market, we are actually in an Expanded Extension (which gives an MM trader like me the goosebumps, it's a very bullish sentiment) and we have, in recent weeks, met that Target of ~$38,500. SO, what do we do here? Let's assume you haven't taken profits just yet because you believe there is more upside potential. That brings us to something I want you to pay attention to... Looking at Bitcoin's 2nd bull market, when Bitcoin reversed at the Profit Target (~$2720) of the 1st Extension MM, this gave MM traders the only opportunity we have for a Trailing Stop Loss. That is to place your Stop at the Stop Loss of the new Extension MM. That may sound confusing, but please refer to the chart text to get some clarity. Why is this important and something to take note of? BECAUSE WE ARE IN THE EXACT SAME SCENARIO RIGHT NOW Let's remember that in our current bull market, the profit target was ~$38,550. We MET the Target so that allows us MM traders to employ that only opportunity for a Trailing Stop Loss. What happened in Bitcoin's 2nd bull market? We were able to use the Trailing Stop to increase the upside profits by multiple fold. Coming back to the present, and to try to keep the rest of this clear and concise, according to the trading system, there is 1 of 2 things that can happen... Bitcoin either... 1. Reaches the MM Extension's Profit Target of ~$50,000. (more probable) OR 2. Breaks the MM Extension at ~$24,550. (less probable, but still possible) Until either one of those events happen, we are forced to play the waiting game. Let's not forget that the possibility of us breaking the Extension MM is still real. So we must prepare for that as well and with that being said... IF, Bitcoin breaks the Extension MM at ~$24,550, THEN I will be expecting a large correction and will be placing buy limit orders at the $4.5k - $ 7k range. Again, I'm not putting my money on the Extension MM breaking (hell, I'm as long as can be), but I won't be ignorant to the possibilities that lie if I am wrong in this moment. Thanks so much for reading! Happy Trading - Smiley P.S. - this is my very first post and I hope to receive some feedback on how to better express my ideas. Don't be afraid to leave any suggestions! Thanks again.
BNC:BLXLong
by SmileyTrades
3
PLTR , PT 41Another stock that is stuck in a symmetric wedge or if I say pennant pattern also. For long play, once it breaks above the wedge, it can move to ~ 41. To protect losses for long play, the red solid line should be treated as a stop loss. Also, it's holding 20MA (green line) which is giving it a bullish sentiment. Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
PLong
by fqalogtrader
BItcoin Update - 4H and Daily Chart | Measured MovesI expected price to show some rejections from 11150 area and it played out well. We have break below the previous low or local support. I am expecting price to retrace around 10625 area for another short set-up. It is less likely to test 10742 but we should consider it as another level of resistance. Possible targets for bitcoin are 9300 area as you can see good confluence for Support there. I have also talked about the use of Measured Moves of different types. Note : Avoid some mistakes in the audio when I say These uncertaintiesadd up to measured move down.
by Good_Trading_Calls
Bitcoin likely to start Bear Leg upto $10,000Contect for the Resistance at $12000 levels is very good. Wedge, Measured Moves Based on Height of Trading Range, Bull Breakout. When did you see 2 Bear Bars Closing below mid point and this much big bear body in last 30 Days ? Bulls have taken profit at the Resistance. I can say that Bull Trend is Over, We can see Trading Range or Bear Trend. With good follow through for Bears, It is very likely to see Bear Trend.
BITMEX:BTCUSD.PShort
by Good_Trading_Calls
4
ERD:BTC - Patiently waiting for an opportunity to buy in.Head and shoulders registered. Measured move down to 78.6% Fib (about where thick orange daily 200 SMA line is at -- Note that this chart is the 3hrly , showing excellent confluence between my Cyber Ensemble Buy/Sell signaling algo at this timeframe for this chart). Not necessary if it will be fulfilled, but will start cost-averaging if it hits about 61.8% Fib level. Won't buy in at this level -- there are other good opportunities that I am already holding, having bought in at good positions of strength. The most recent one that I had decided to share was Kusama: after having previously accumulated Polkadot (DOT) prior to its mainnet launch @ Huobi. Note: The head and shoulders measured move not necessary to be fulfilled, but merely to serve as a rough idea of how far it could go. Ichimoku Cloud still bearish, however some bullish W-ing accumulation pattern have been going on prior to the more recent short term pump to retest the 3hrly 200 SMA, at the last trigger of the buy signal by Cyber Ensemble. If it gets rejected there, plus if it falls below the red 21 EMA and the green 50 SMA, then the likely hood of this buying opportunity playing out increases. ---- Daily Chart: Note: There is not enough candle resolution for Cyber Ensemble to capture certain more volatile/sudden moves on the daily chart. However, a bullish signal has been triggered, lessening the chance that this buying opportunity may play out (which is ok).
E
by cybernetwork
1
IMM 50% BREAK!!Immutep Ltd is a biotechnology company working primarily in the field of cancer immunotherapy using the LAG3 immune control mechanism. The company was originally built on CVac, a therapeutic cancer vaccine. Break out of ascending Triangle confirms, Targeting Supply @ 0.30 - Ascending Triangle Confirms - 4th touch on Fib .236 breaks - Measured move lines up with Supply - RR 3.33:1 - Supply sitting in the Golden Pocket - MACD still spread BUT starting to turn - Ichimoku BULLISH and clear to run Aware of the GAP at 0.15 - 0.165 but with more positive news it will stay unfilled for the foreseeable future. Also Bearish Divergence on the 4HR but again I do not think it is strong enough currently. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:IMMLong
by Trader_Johnni
2
GBPUSD Update: Cable is under selling pressure UK gilts flash a negative sign for the Bank of England - FT - Should the BoE walk down the negative interest rate policy, Gilt investors have a reference point in the government bond markets for Switzerland, Germany and Japan. A rise in bond prices boost capital gains for holders of debt as yields fall, even below zero. Rather than provide a fixed income, a negative yielding government bond behaves more like equity that pays no dividend and provides scope for either a capital gain or loss. Not good news for UK seekers of income, particularly when plenty of FTSE companies are slashing their dividends. "Ultimately, this situation suits the UK government as it borrows heavily to fund spending in response to the health and economic shock. If markets are willing to purchase negative yielding bonds and keep gilt yields low, the BoE will be under less pressure to add further measures, leaving the job of propping up the economy to better-placed fiscal spending" Source : FT We keep selling the cable. Levels as described.
Short
by chartreader_pro
1
EURNZD - Long above the the resistance zone Hello Traders!! Wait for a break of Resistance (Ceiling) Wait for a RETEST (Price Closes Above the previous level of Resistance) Once Price Confirms Resistance as New Support(Floor). Enter the Trade. If Price fail to reach above resistance zone, we have a continuation of a downtrend and only sell order will be place. Good luck to you all. If you liked this idea, please like, follow and comment. This idea does not provide any financial advice.
Long
by RobBezerra
1