it's true that this pattern hasn't confirmed yet but with the current climate in crypto, probability overwhelming;y favors this inv h&s triggering here and xrp retesting 30 cents thereby avoiding a deathcross on the 1 day chart.
It appears that we may see a bullish engulfing candle here on the 1 day chart daily close for DXY. This is after retesting the Inverse head and shoulder neckline and seemingly confirming solidified support. if support holds expect it to head to the target of $95.
whichever one of these head and shoulders patterns is mroe valid matters not as if either validates the breakdown target is essentiallly the same. If this occurs we will likely fill the 9.6k CME futures gap. I assume once the gap is filled things will be bought right back up and if it does breakdown this will simply be one last effort to liquidate all...
As we can see a clear formation of Head and Shoulders in progress, which means a trend change might happen => bullish to either bearish or ranging.
1.If there is a breakout, wait for sells at 1.17150(after analysing price action). TP at the same length as base height of Head and Shoulders pattern.
2. If ranging, look for short term pull-backs.
3. If it is going...
BITFINEX:BTCUSD
We broke an important trend line (the yellow line). Besides that we have a Shooting Star candlestick pattern. These are enough reasons to say for sure that we started a downward trend.
The target where I calculate could find a great support would be in the area of $5200-$5000.
-viesky01
We broke an important trend line (the yellow line). Besides that we have a Shooting Star candlestick pattern. These are enough reasons to say for sure that we started a downward trend.
The target where I calculate could find a great support would be in the area of $5200-$5000.
greetings
We are already seeing the follow up daily candle to our capitulation candle make massive moves in less than 3 hours times its climbed $1600 at this rate we could see an historic friday the 13th bullish engulfing candle on the daily...there's no guarantee capitulation is truly over but it sure seems like it. as always not financial advice and enter at your own risk...
looks like a bullish reversal candle of sorts as bittrex doesnt typically fall victim to flashcrash scam wicks like ethereum does. Neutral for now but won't take much to make my flip to long on this one just looking for some follow up confirmation on the next candle or 2. Massive bullwick and massive volume seems to hint at more to come.
Hey Guys , Bitcoin has reached the key level , Supported by 0.786 & 0.618 Fibo and traditional pivot and weekly trend line !
In the meantime we can have a strong hidden divergence on the MACD , If the key level changes the trend !
But if the key level is lost and the weekly candle opens below 7000 , We expect it to fall to the 0.786 Fibo range .
---- Login with...
ltcbtc at a key fulcrum point. Needs to maintain support on the one day 200ma to trigger the falling wedge breakout and maintain the golden cross...if it loses 1day 200ma support then it will likely trigger the double top breakdown which could send it into a deathcross. If it did flip back to deathcross, that deathcross could still be more of a deathcross fakeout...
Still a chance the 1 day 200ma may provide body support by the next 2 daily closes but in the meantime targets like filling the gap at 8.5k are veryr easonable...we also have the breakdown target from the descending purple channel around 8.3k if we were to go lower than these 2 the next target would be the golden pocket fibonacci retracement level at $7927 and...
Hi guys! Big forecast for the Ethereum coin on the daily chart .
WHY!?
1.A small range has formed in which the coin is now located
2.Strong support and strong resistance to trade.
3.Long when breaking up and fixing with the body at 1D
4.Short when breaking down and fixing the body to 1D
If you like the idea, please support like and subscribe!
Ideas will come...
This is fantastic news for the bulls as we just achieved a higher high on the 1 day chart. I now expect us to go back down and fill the cme gap at 8.5k. If so I will be loading up on alts and btc in that range. I closed my 5x long at 10400 and am very happy with the results.
showing the chart for dashusd on bittrex to because unlike krakens it hasnt broken out of the pennant yet..also put a lower breakout target in case it only counts the triangle and not the the pennant and its around $175. On both exchanges however the golden cross should occur by the next daily candle so I'm, still very bullish
Haven't checked dashusd on other exchanges yet for confluence but on the Kraken exchange it looks ready to blow! *not financial advice* . We see here a symmetrical triangle in an uptrend attached to a flag pole= bullish pennant. If it reaches the pennants breakout target we are looking at a target of around 200-220, if it only reaches the triangles target it will...
I anticipate we may even test the 1 day 200 MA (in blue) before any significant retrace. If price action can find a way to close more than 2 consecutive 1 day candles above the 1day200ma however this may be a legitimate breakout from the wedge.
