Things are looking bullish again for btc but we must also keep in mind that this 1 day chart H&S pattern is still very much in play and although it's not something to be too concerned about just yet it's wise to keep a close eye on it. If we can see priceaction rise above the head we can then invalidate it but for now it's very much in play.
GBP/JPY 1D MORNING STAR AT SUPPORT GO LONG OPPOTUNITTY
there's still a chance this ascending purple line could be the bottom trendline of the rising wedge if so we will know by sunday at the latest. However current price action suggests the rising wedge is a lot longer than originally thought...long enough to carry us to 10788 before a breakdown...with an apex at the horizontal resistance line at 11694...if we were to...
We can see xrp has once again broken through the horizontal resistance at 46 cents and is now testing the neckline of the 1 day double bottom pattern. Triggering a breakout of this double bottom pattern can give us a target of 59 cents. Reaching that target should help us rise above any of the other potential top trendlines of our descending triangle pattern(...
a look at the time between each 1day 50ma bottoming out on xrpbtc 1day chart 2015-now....1st one took 238 days, next 238 days as well which formed three 50ma bottoms each not as deep as the next which resulted in the biggest breakout ever against btc.... then 286 days to the next bottom followed by 278 days and finally we are currently at 256 days and the 50ma is...
As I said in my previous idea yesterday, we were 1 day away from the 1 day chart's goldencross on xrpusd and it has now officially crossed. The market tried to shake some weak hands with a solid bear trap last night but I know all those who understand the utility and value of xrp did nothing but hodl through it. Well done all he held as now the daily candle has...
Cardano has been taking a bullish upturn recently along with much of the alt market. . .but if it can trigger a breakout of the current inverted head and shoulders patern on it's 1 day chart, it still has the potential to double its current price. Current 1 day stochrsi is alreeady over extended so it may meet resistance for a few days or so at the neckline before...
Simply a more zoomed in view of my last idea with the trendlines in place on the current ascending triangle consolidation pattern we are in. The triangle has many more touches than seen here on the 4hr chart to validate it.
I appears that the stoch rsi is finding excellent support on the strong ascending 3 year old trendline keeping momentum bullish for now and has helped to increase the northern trajectory of the 1 day 50ma(in orange) to where we currently have a golden cross on track for as early as April 11th. Of course any significant selling from now until then will likely push...
We can see after the recent bullish breakout from the rising wedge we were in that BTC has finally achieved the ever elusive 1 day higher high a crucial move necessary to jumpstart the next bullmarket. We of course are eventually anticipating a higher low to follow it but we may keep forming this higher high a leg or 3 more upward before correcting downward to...
This is a huuuge sign that we may finally be seeing the trend reversal we've been so patiently waiting for and a definitive end to the bear market...This is the first higher high on the 1 day chart we've had since January 2018. We will be looking to follow this up with a 1 day chart higher low and then one more 1day higher high to complete the sequence and fully...
We can see here on the 1 day ADABTC chart that the price action is responding quite bullishly to the recent 1 day golden cross. Also we can see a picture perfect inverted head and shoulder pattern here which cardano has just now broken above the neckline with good bullish volume to match it. There is still a slight chance at a fakeout here but we should know by...
If we can break up from bitcoin's current 4hr bull pennant, the breakout target shown here is around 4350 or so....which would also allow us to hit the green falling wedges breakout target shown here as well. Much more important than either of those targets however is if we can at least get enough momentum from a bullish break of the bull pennant to lift price...
I'm illustrating this just to mostly illustrate a point about use of volume in price analysis. Bitcoin right now seems to be a battle of small groups or single people perhaps even who are both trying hard to influence market here. Perhaps a semi-larger group (maybe miners again or exchanges) are trying to support price. One large seller or a small group seems to...