No confirmation yet but possibly could see this head and shoulders pattern play out in the lower time frame. On the daily/weekly I am bullish and this setup which would bring the price of ETH down to $136 would lead me right into my buy zone. $134-$136.
Still no confirmation yet this I just an idea so j will keep you updated. Thanks
This might be the eth chart but all the top coins move in a similar manner. I believe the local bottom is in now and it’s time to long and make some money!
On the daily it is to me so obvious that this is going back up. The 13/34 moving averages which I like to use are coming closer and I believe they will most likely cross soon. If you zoom in the the 4hr you...
It’s very simple I’ve gone back as far as I can on my mobile zooming out on the 4hr and using the super trend indicator. The pattern is red-green-red-green-red-green-red-green etc.
If the pattern is to follow then being on the short side could be the way to go ???
On the weekly XBT chart on Bitmex I have circled some doji candles. I have circled the doji's at the end of a trend. As you can see after each doji there was a trend reversal, or if you don't wanna say trend reversal you can call it opposite direction for 1-2 weeks.
We have just formed what is appearing to be another doji candle at the end of a downward trend,...