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Making Bank: The Harmonic rhythm of the market

  • #6,161
  • Aug 27, 2025 9:05am Aug 27, 2025 9:05am
Quoting axecap
{quote} I'm thinking BTC might still have another move up and create a H & S pattern before the larger retrace.
guys i have sell orders for btc at 110136$ im really scared my account gets wiped, is there any chance it goes down back to my entry point?
  • #6,162
  • Aug 27, 2025 10:03am Aug 27, 2025 10:03am
Quoting axecap
{quote} I'm thinking BTC might still have another move up and create a H & S pattern before the larger retrace.
I agree with you 100%, I'm even think of closing the trade before I saw you post. Thanks for sharing
  • #6,163
  • Aug 27, 2025 10:11am Aug 27, 2025 10:11am
Quoting kashkan
{quote} guys i have sell orders for btc at 110136$ im really scared my account gets wiped, is there any chance it goes down back to my entry point?
It might go up before heading down. As for your account, please don't risk so much of your fund (don't use too much leverage). You did not upload chart so we can't see where your sells positions are.
  • #6,164
  • Aug 27, 2025 10:21am Aug 27, 2025 10:21am
Quoting alphabear
With this effect of Powell's speech on the market, I am at a cross-road because I'm holding GBPUSD short positions. Currently price is at a major support level and an inverse head and shoulders pattern is forming. Is this the resumption of the uptrend or an opportunity to sell the rally? https://youtu.be/HwrKo12SUo8
Just as I explained in the video, i have closed all my GU positions across board in profit. I think price is trying to print inverted head and shoulders, I could be wrong. for now I will be on the sideline, you know what they say ''a fish at hand is worth more than a thousand in the ocean''.
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  • #6,165
  • Aug 27, 2025 11:35am Aug 27, 2025 11:35am
Gold is moving nicely in this ascending channel, inside the channel a harmonic pattern is also forming. Here is where things might get interesting, the resistance line of the channel perfectly coincide with the potential reversal zone (PRZ) of the harmonic pattern. Price is cruising into the PRZ now, so I might sell this pair if the PA is convincing.
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  • #6,166
  • Aug 27, 2025 6:39pm Aug 27, 2025 6:39pm
Quoting kashkan
{quote} guys i have sell orders for btc at 110136$ im really scared my account gets wiped, is there any chance it goes down back to my entry point?
Every chance it goes to 108382 area . I have 112532 as resistance on H4
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Its all just one persons opinion
  • #6,167
  • Aug 27, 2025 7:39pm Aug 27, 2025 7:39pm
GOLD on 8h chart.

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Its all just one persons opinion
  • #6,168
  • Aug 28, 2025 1:00am Aug 28, 2025 1:00am
Quoting alphabear
Gold is moving nicely in this ascending channel, inside the channel a harmonic pattern is also forming. Here is where things might get interesting, the resistance line of the channel perfectly coincide with the potential reversal zone (PRZ) of the harmonic pattern. Price is cruising into the PRZ now, so I might sell this pair if the PA is convincing. {image}
I'm still watching Gold carefully, all position in profit. By harmonic rule, I ought to have exit this trade at 50% Fibo level but there are two patterns playing out simultaneously here (Channel and shark pattern). I'll hold and see what happens after London open. News data would surely has something to say, so I'll trail my stops if still holding till then.
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  • #6,169
  • Aug 28, 2025 1:52am Aug 28, 2025 1:52am
Quoting alphabear
{quote} After hitting its all time high Bitcoin is now undergoing a massive sell-off. The rising (ascending) wedge pattern has confirm the much anticipated bearish breakout. We took a deeper look into the most likely outcome for our Bitcoin and silver setups https://youtu.be/kW13IyYESC4
My bitcoin Bias has been flipped to bullish for now (as explained in the video). I expect price to head back into the PRZ, I'll look for sell opportunity there. for now, I opened a bullish position.
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  • #6,170
  • Aug 28, 2025 2:12am Aug 28, 2025 2:12am
Quoting alphabear
{quote} I'm still watching Gold carefully, all position in profit. By harmonic rule, I ought to have exit this trade at 50% Fibo level but there are two patterns playing out simultaneously here (Channel and shark pattern). I'll hold and see what happens after London open. News data would surely has something to say, so I'll trail my stops if still holding till then. {image} {image}
agree the move above 112530 suggests a move up
Its all just one persons opinion
  • #6,171
  • Aug 28, 2025 4:25am Aug 28, 2025 4:25am
Quoting axecap
{quote} agree the move above 112530 suggests a move up
I've exited long ago with profit (a fish at hand is always better than a thousand at sea). It's quite tricky at this point, you might think selling/buying is the right thing now only to have the market flip you up. I'll just be on the sideline for now and if I'm to sell I will make sure my risk is minimal.
  • #6,172
  • Aug 28, 2025 4:35am Aug 28, 2025 4:35am
112532.x is my support. My bias is down but as long as it stays above here I am cautiously long
Its all just one persons opinion
  • #6,173
  • Aug 28, 2025 4:38am Aug 28, 2025 4:38am
Quoting alphabear
{quote} I've exited long ago with profit (a fish at hand is always better than a thousand at sea). It's quite tricky at this point, you might think selling/buying is the right thing now only to have the market flip you up. I'll just be on the sideline for now and if I'm to sell I will make sure my risk is minimal.
or...no one ever went broke taking profit
Its all just one persons opinion
  • #6,174
  • Aug 28, 2025 4:40am Aug 28, 2025 4:40am
Lol that's so true.
  • #6,175
  • Aug 29, 2025 4:08am Aug 29, 2025 4:08am
Quoting kashkan
{quote} guys i have sell orders for btc at 110136$ im really scared my account gets wiped, is there any chance it goes down back to my entry point?
hopefully you still hanging in there, I think you will get paid soon
Its all just one persons opinion
  • #6,176
  • Aug 29, 2025 9:04am Aug 29, 2025 9:04am
AUDNZD on my watch, waiting for price to enter the PRZ
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  • #6,177
  • Aug 29, 2025 6:35pm Aug 29, 2025 6:35pm
Quoting axecap
{quote} Every chance it goes to 108382 area . I have 112532 as resistance on H4 {image}


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BTC H1
Its all just one persons opinion
  • #6,178
  • Sep 12, 2025 11:38am Sep 12, 2025 11:38am
Quoting alphabear
{quote} Silver is correcting now, I just hope it stays this way {image}
This trade failed long ago. I was unable to update due to lack of time.
  • #6,179
  • Sep 12, 2025 11:43am Sep 12, 2025 11:43am
Quoting alphabear
{quote} My bitcoin Bias has been flipped to bullish for now (as explained in the video). I expect price to head back into the PRZ, I'll look for sell opportunity there. for now, I opened a bullish position. {image}
I am still watching bitcoin, I don't know if it will make it into the PRZ. for now I will keep holding my bullish position.
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  • #6,180
  • Last Post: Sep 12, 2025 10:58pm Sep 12, 2025 10:58pm
BTC D1

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Its all just one persons opinion
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