4 hour chart, linear. Welcome to your Happy Mothers Day chart update from your favorite Mama Chartist ;) I'll scarcely be available to update today as I'm also working another job. No sleep for the wicked..... So as we can see, this reactive yellow line I've had on my BTC and ETH charts for the last few weeks is at it again, this time as resistance. Notice the...
Linear view, 4hr candles. Check out this dark pink line if you don"t already have it on your chart. First time we flipped past it was the second hit from the top. The next time we flipped past it was the third hit from the bottom. Right now we are on the third hit from the top. I'm expecting a rally no higher than 9300, at the descending yellow line, and a fourth...
Log view, hourly. I'm working one of my other jobs today and may not be able to update for 8-10 hours from the time of publication, so take this early/sketchy projection for what it is. I think it comes with enough geometric synchronicity warrant a publish. If ETH prints a right shoulder at this point, the downside target would be precisely a touch to the...
Broke out of combo pennant IH&S pattern after violating resistance/neckline once and then retesting right shoulder/apex level of pennant. I'm already long from lower levels, but I added at .9 during the retest. If you're late to the game here, you may or may not get another 'confirmation'- XRP is pretty sassy. Targets for each pattern manifesting completely are...
Daily, Log chart Pay special attention to the two bright blue mid-to-long term ascending, wedging trend lines. We kissed each of them and didn't get rejected outright...perhaps upper resistance is merely playing hard to get. We are currently nestled between them. It certainly is a bullish sign that we clung to this level after such a climb. After breaking out of...
Trade active from 9291. Stop loss at 9391 for 100 point loss if hit. If we hit the stop it will be a new high and we will likely go to 9.7 for a double top on this wave anyway, as the fractals go, so risk is minimal because we can sell longs there. Target is white box. Laddering out profits until target. Measure twice, cut once. May all of life's treasures be yours!
...we can see all the many branches below us that we used as footholds to get to where we are now. -important fib retracement levels from ATH and 11.7 high -EMAs -local S/R lines Zoom out if you're not sure where a line is coming from. Take from this chart what you will, even if it's just showing you a trend line or two that you hadn't seen before. Happy...
Saw a pattern and wanted to draw out a fractal progression just to be able to play it forward later. Not making any presumptions about how many more times this pattern may repeat. Exciting times! Measure twice, cut once. May all of life's treasures be yours. Thanks for stopping by. Please like, follow, comment and have fun trading!
Log view. See chart for potential support/resistance levels, anticipated price action and take profit target. There will be substantial support at the green circle, where the 20MA, the .382 swing fib retrace line and the top of the downtrend line converge. A bounce here will complete the right shoulder and will be a bullish signal, putting the target in our sight...
If you look back at my idea from March 10th and press play, you will see we bounced off my H&S target within about $50 on Coinbase. That's awesome! Looking forward, we can see that on the hourly we have broken out of, and come back to confirm, the top of the giant descending wedge of price action as support. This is very bullish in my opinion, even though everyone...
Sorry for the current chart noise, I'm practicing my day trading pattern skills and couldn't bring myself to delete them before publishing. Zoom in for a peek into where my brain has been for the last few days. More importantly though, we are still in a downtrend. In this current 4HR candle, we are testing the descending trend line from the ATH as resistance. If...
Linear scale. ETH has gone much lower than I anticipated, and much lower than BTC. After a bounce this morning off the 1Y ETH/USD trendline (green), the ETH/BTC pair finally appear to be outperforming BTC/USD, beginning to make up for it's huge loss over the last 24 hours. Let's watch this down channel and see if we can break out in the next few days.
Over 100 reputation points! Thanks! There are three major (dark pink) trend lines converging here, probably in the next week, on the exact horizontal line where I had my giant H&S target. I deleted the H&S to clean up the chart a little, but you can see it on previously published charts. Get ready for the bounce from that target, which is $7450. I will consider...
Log view. This is where I see the next short term buy opportunity.
Log scale. I see a H&S forming, bringing us perhaps down to the bottom of the purple target line, but somewhere within the green box, where some important long-term important trendlines lie. Mid-term, I am still bullish on ETH, but today, I'm a bear. Measure twice, cut once. May all of life's treasures be yours.
I didn't fall for it. Did you? Measure twice, cut once. May all of life's treasures be yours. Like, follow, comment!
Publishing to play later and see how lines were respected by price action.
See that massive H&S? Let's not complete that. Let's keep it above 6K. The flames of hell await the failure of this plea. Thanks! Measure twice, cut once. May all of life's treasures be yours!