After finally breaking up past 3400, BTC was met by the .236 of the whole swing down from 6550, and found strong resistance there at 3938. I went long on BTC, ETH and LTC once LTC printed the tweezer bottom on the weekly chart last Sunday and seeing BTC bounce off the weekly 200 EMA. I have now closed those trades and am fishing for another long entry. I'm...
Time to be ready for anything! Patterns and respective target boxes should be pretty self explanatory on the chart. Aside from those- light blue line is downtrend line, black line is mean line (as it has been for most of this year on my charts) purple line is an alternative uptrend mean line based on two price points from a year ago. I'm just monitoring that one....
Welcome back! Not much has changed since my "Dash Warming Up Its Engines" idea, so all those drawn features are still on the chart, I just zoomed in here and drew some fibs to give better direction on the smaller timeframes. If you were following my previous DASH idea, accumulated in the bottom blue box and had strong hands during that quick stop loss hunt below...
Thanks for all your support. Please engage with my ideas here on TV if you find them interesting or useful. A like and a follow goes a long way! Like other alts, LTC is looking weak in the short term. Bearish divergence on the 4HR RSI and a H&S pattern now completing. Note the bright pink descending line: it's the downtrend line from the December and February...
Thanks for all your support! Please engage with my charts if you like what you see. A like and a follow go a long way! Two paths I see here: If we break out above the blue dotted line of the diamond top pattern, we should continue to the target of this local bull flag currently forming, and get us closer to the ultimate target of the grand IH&S we've been...
I really appreciate every bit of support I receive here on TV. Please do interact with these published charts in some way if you find value in my ideas. A like and a follow goes a long way! I really thought we would only make it to 494 on this rally. Great job with the higher high, ETH! While I love the newborn bullish momentum of the crypto market in general...
I see 3 scenarios: 1) ETH may paint an IH&S with a neckline at 448ish. This means we might continue to range 425-448 for another 36 hours or so. Watch the trend lines on my chart for potential reversal zones completing the right shoulder. 2) ETH also could have just double topped. Look for higher sell volume on a retrace from this rally to increase likelihood...
interesting confluence at the grey arrow. Week-long ascending resistance line meets local ascending wedge at a perfect apex. High probability of a move at either this time or this price action. I think we need to revisit lower levels before a bigger move up. That said, go ahead and place a buy above the 200 EMA just in case of a bull run, take some profits quick...
So far LTC has found a strong rejection at 50% of the potential 1.618 fib extension of the move from 72.50 to 84.50 (88.27), after rallying to the complete potential target of the bullflag breakout. In alignment with the BTC idea I published earlier today, I think we're going to complete the H&S-ish pattern outlined here in black, and revisit 81-82. A close over...
Daily log chart. Many factors are leading me to believe DASH has found a bottom. -Flat volume after volume dieoff -Bullish divergences on MACD and RSI -Current price action within a major historical support/resistance zone. -BTC also showing signs of near-bottoming We're moving downward in a channel (yellow dashed lines) and downward in a descending wedge...
It’s an interesting time in the life of ETHBTC. Black arrows and vertical dashed line showcase the apex of the triangle on MACD lining up precisely with the apex of the pink price action bullish pennant, which we have just broken out of and then fallen back into. Turquoise box is TP zone if/when we get confirmation of a bullish breakout of this pennant. Local...
Not much to say about this, just a pattern I couldn't un-see once I saw it. Happy trading this weekend, everyone!
***Firstly, please ignore the BLUE trend lines on this chart. They are my LOG lines and this is my LINEAR chart, so they are not populating as they are actually plotted within this view. Thanks.**** Linear, 4hr chart Yellow ascending triangle. Top of the triangle is also the .236 retrace of the whole move down from 9950 though, so it's super heavy resistance...
4 HR Log Chart Pay no attention to little old LTC....Nothing to see here. ....it's just a little bullish. EMAs and pink line are levels to watch for resistance above us in a bullish scenario. Pink line is a potential IH&S neckline to watch although volume has been too sketchy for me to call that pattern with any confidence. It is a resistance level regardless....
Daily chart. Take a moment to study this chart. Isn't that lovely? The near perfect 2x move from the first fractal to the second. The Adam and Eve bottom at box 6 on both the first and second fractal. Much more to discover as you look deeper. Maybe we will see the same fractal play out again. The second fractal has played out almost completely now, waiting for...
Sorry for my absence, TV. I've been handling personal matters. Weekly chart. No question, sentiment is frail. RSI hasn't been this low since the middle of 2015. MACD keeps oozing slowly, like a tube of toothpaste with the cap off, under increasing G force. What I'm currently interested in is this black line. It is a highly reactive historical support/resistance...
Weekly log chart. I am enamored and fascinated by the price action of this coin. My studies have led me here. I have begun accumulating this coin, even though I think we may dip down and consolidate for the summer before the next move up. Bottom box is buy zone, top two boxes are take profit. stop loss is bottom of pitchfork. Even if the fractal doesn't play out,...
Bullish. Close up of same chart in image below. Stuck under wedge but knocking repeatedly for entry (yellow circles). According to Gann theory, once we hit this blue resistance line two more times, we're going up. I am targeting the big yellow circle area for this, in about 4 hours, because we will be clearing the pale green horizontal resistance at the same...