BLZ looking bullish again shorterm with btc refusing a head and shoulders and possibly breaking out. Meanwhile, if BLZ is capable of breaking over 8400 level momentum will carry it higher
This has set up a long base and rounded bottom. It has broken out and has a real product and service in cloud storage. I think it potential can move much higher on the charts...target is 12.00 area but this is based on the chart alone. this is a hodl
BITTREX:POWRBTC
Here is my new idea. We just broke the 4500 resistance and we started a new up trend. We got a very nice rounded bottom possible cup and handle if the handle forms.
The RSI is oversold so we will see some consolidation around 4300 - 4600. The MACD supports an up trend movement. If you want to get into the trade the buy is 4700. I expect a...
BITFINEX:XMRUSD
Cup and handle or rounded-bottom? This is the question. It fits the rounded bottom pattern because the middle is exactly 40.5 days on one side and 81 in total. The only issue is that RSI and MACD are already quite overextended with RSI oversold and MACD way over extended. For cup and handle we need to wait for handle to form. Could this still go...
There are many interesting formations on this chart. First of all is double bottom where pair reached 0.00100000 in March this year and October 2015. It is clearly visible on weekly chart. We have upside down head and shoulders formation created from doji candles (it’s look better on hourly chart) . Rounded bottom (marked with blue curved line) . Pair is trading...
I marked rounded bottom which was confirmed as the trend reversal formation. This kind of formation is very reliable most of the time. Pair is flirting with psychological level(0.00001000) which is consolidated with GAP from Daily chart.
I think it is wise to wait a little bit to see what market will decide. I’m waiting for more confirmations.
Made a helathy profit following this pairs bullish uptrend, but the pair sold off on the 2-Aug, probably due to profit taking at 9.6000. Price has retraced back to the Fib 28% level and formed a perfect rounded bottom on the 1hr chart.
I actually spotted this trade at 9.4855 but decided to wait for confirmation that price had broken the Daily 8EMA resistance....
Made a helathy profit following this pairs bullish uptrend, but the pair sold off on the 2-Aug, probably due to profit taking at 9.6000. Price has retraced back to the Fib 28% level and formed a perfect rounded bottom on the 1hr chart.
I actually spotted this trade at 9.4855 but decided to wait for confirmation that price had broken the Daily 8EMA resistance....
After months expecting the bottom of at least around $1000, did the bottom came and gone without much of a BANG???
Gold has spotted the most perfect rounding bottom pattern, a long term reversal pattern.
In addition it had broken a triangle pattern where it had been moving around since mid 2013 as well as 50 weeks MA (200 days MA on daily chart).
Yes, that had...
