Good morning ladies and gents! I have spotted a Scuffed Diamond Pattern. The measured move of this to the up and downside is about a 3.82%. It's only a matter of time until we breakout. We are approaching the apex of this pattern. It looks like a long ways away, but keep in mind, this is the 1 hour time frame. I would use the 4 hour, but you have already seen the...
Good morning ladies and gents! Bitcoin appears to have broken out of a bigger falling wedge which we have been in for a little while now. On top of that, you pretty much hit the measured move of that Head and Shoulders like structure that also played out to the Elliot wave theory. That being said, we are now currently near the bottom of the rectangular range we...
Good morning ladies and gents! Like many other alts, you are currently sitting at critical areas of support with some bullish signals. ADA has been on a long term downtrend, but at critical areas of support, you are showing Hidden Bullish Divergence on the Weekly MACD as well as Bullish Convergence on the RSI. You are also showing lower levels of volume through...
Show cased by Mitch Ray. Good morning ladies and gents! Dash has been in an overall uptrend since its listing. We are finally at the bottom of that trend where you'd expect price action to reverse. I am in strong belief that come q4 and or early of next year, some of these alts showing daily and weekly bullish divergence will start seeing a reversal in the trend...
Bullish Divergence on both oscillators on the daily time frame near critical support. You are closing in on the PCZ of the Bullish Bat. I will take a position if we can hit the PCZ. If we miss it and it rally's so be it, but I stick to my trading strategy and the most optimal position to take a position in is at the PCZ with Bullish Divergence and at critical...
I have it plotted like this because of the heartline touches. But this is LTC to the dollar on log scale overall trend. Guess what we are forming???!!! Weekly Hidden bullish divergence and Weekly Bullish convergence at the same time. Already showing a rounding bottom. And guess what just turned teal as well? You guessed it, the Gaussian channel :wink: The...
I have posted a potential head and shoulders pattern. Upon breaking the trend line, you fell below supports before rejecting further price action and running back up above our support line at about $8285ish. You are forming bullish divergence on the 4 hour although not the strongest divergence. You are also showing lower levels of volume during our last impulse...
Nothing on the oscillators right now that would determine a potential position to take whether bearish or bullish at the moment. I would like to state that we do have a left shoulder and kind of a head for a potential inverse head and shoulders. Not so much of a right shoulder. After that extreme rejection, you haven't really formed any pattern in price action. I...
This is a position I took at wave C of the Bearish Butterfly at 2631 sats and ended up taking profit at the top of the Ascending Triangle at 3237 sats for about a 21-22%ish gain. I am looking for a potential reentry between the bottom of the Ascending Triangle or the PCZ of the potential Bullish Bat. That being said, the Bearish Butterfly PCZ takes us slightly...
Good Afternoon ladies and gents. (Update on ALGO to the BTC pair) We have a scuffed slanted Inverse Head and Shoulders Pattern potentially in play here. Breaking the neckline would also leave a measured move around the PCZ of the Bearish Butterfly. If you entered a position in ALGO at my previous call, you'd be up over 20% in gains already. Exit Targets remain...
Potential Bullish Cypher for Facebook PCZ= $139.44 Stop= $122 Exit Targets would be between the .382 and .618 of top to the PCZ. Unknown until we get a swing low. PCZ Exit Targets = A and C ($198-$208) = 42-50ish% gain from the PCZ
Breaking out of the downtrend you've been in for months with Bullish Divergence into Bullish Convergence on the daily time frame on both the MacD and RSI. You also have a potential Bearish Butterfly Harmonic in play as well. But if we surpass the Potential PCZ, then we would look at the common Retrace zone in the Golden boxed area. These are massive potential...
Just like I did with LTC's Head and Shoulders Measured Move, I also readjusted the BTC measured move to match the Percentage change rather than the size of the actual move. This provides a more accurate target. For BTC, it is very possible the measured move of the Descending Triangle Pattern we have broken out can take us all the way down between $6,700 and $7,400...
I readjusted the Head and Shoulders measured move to the percentage change and on the Log scale. This would probably be the more ideal measured move which would make sense as BTC dropping to $7400 could yield us this if we break support on LTC. Just an idea of course and measured moves aren't always hit, but I think this makes a lot more sense over seeing the $15...
LTC Head and Shoulders Pattern, but you are at critical support at the bottom of the fib channel with Bullish Divergence. Measured move of the Head and Shoulders Pattern could take you to like $15 or less. But again, you have bullish Divergence on the daily time frame and you just happen to be at the bottom of the fib channel and at critical support. Honestly, I...
Potential Bullish Gartley in play. To simplify it, a trade set up is exactly where my two entries are and the profits are both at A and C of the Bullish Gartley! Or you can be a bit more conservative and take profits between the .382 and .618, but with my stop, it's probably smarter to go for A and C as our profit taking levels.
Looking for Bullish Divergence at these prices, but you are in the PC(ZONE) of the Potential Bullish Butterfly. I have had this plotted for months now and have had previous TA posts on it. That being said, the safest entry would beat the 1.618 and this is also the log scale as this is exponential! If we do hit the 1.618, we would really want to see 4 hour and or...
Good evening ladies and gents. This is the one hour time frame, but we are showing bullish convergence at the moment. We are also showing two converging trend lines and are currently nearing the apex for a breakout. On top of that, if we break to the upside, we could look at a possible bearish bat in play. If we can ever reach the pcz of the bearish bat, their may...