DrDovetail

DrDovetail

Im seeing confluence of last bull market cycles potential pennant target(yellow dotted line) and the current bitcoin cycle flag’s measured move line (purple target). Now I’m not suggesting that we will definitely reach this target level on the current bull market, as we have already seen this was a target from the pennant we broke up from during the last bull...

DrDovetail Updated 

Two potential channels here to consider on this double bottom breakout on BONKUSD (of which its possible for both to be valid). We will see soon enough if both targets get hit. Based on the current overall bull cycle I’d say probability is high they are both hit *not financial advice*

DrDovetail Updated 

Amazing price action lately for bitcoin as it is now breaking up from a bullflag with a full measured move target from the flag of $64808. We can also see that if the current candle closes similar to the shape its in now that we would have a 3 green soldier candlestick pattern on our hands which most often s signals a bullish continuation. Of course there can...

DrDovetail

SO far only sending wicks above the top trendline so nothing close to confirmation yet, but with the way the market currently is I would not be surprised if we may end up seeing one soon. One to keep an eye on anyways. *not financial advice*

DrDovetail Updated 

Looks like it’s well on the way to its target. *not financial advice*

DrDovetail

Didn’t wait around at all to hit this target, no further TA for the follow up move yet I need to reasses the chart and find what it’s next macro pattern will be. *not financial advice*

DrDovetail Updated 

If it validates the breakout on the current breach of the neckline the measured move target is about 2 and a half cents. Nice to see SiaCoin actually doing something for once, been a long while. Must be a true tell sign the bull market is back. *not financial advice*

DrDovetail Updated 

We can see as is common with most cryptos, the Algo went back below the purple trendline after its 1st initial breach above the purple channel. Now that we have broken above again and retested that line as support probability increases significantly for it to validate the breakout this time around. So I have posted an updated chart with the measured move line...

DrDovetail Updated 

So I started charting this pattern in 2022 it was a falling wedge but on even larger time frames I realized it was not just a falling wedge but a bullish pennant as well. We broke up from this pattern all the way back at the beginning of 2023 and as you can see here on the monthly chart, price action did what it usually does once it breaks up from a large...

DrDovetail Updated 

I’m not one to trade random meme coins but in these phases of the bull market people can get pretty lucky on them. Though I don’t trade this coin I wanted to at least chart it when I saw the inverse head and shoulders pattern breaking out. Still plenty of gains left in the current breakout target. *not financial advice*

DrDovetail Updated 

Priceaction is currently above the neckline of this daily chart inverse head and shoulder pattern on solusd with one daily candle close above the neckline so far. Should it trigger the breakout the measured move target is $135 which would put price action above the neckline of a much bigger weekly chart inverse head and shoulder pattern’s neckline. The measured...

DrDovetail Updated 

We can see the total2 chart’s price action has already reached the full target of the purple symmetrical triangle breakout. In doing so it also went above the yellow double bottom neckline and now is quickly making its way to hitting that full target as well. That full target is a 988 billion. In the meantime it appears like we may see a weekly golden cross soon....

DrDovetail

just recently posted about the logarithmic wedge which is also a bullish pennant and how it will take us much higher, but also wanted to post a chart with an update of the other wedge we also broke up from back at the beginning of 2023 (shown here in pink). It has now been a little over a year since the breakout of this monthly time frame pattern and like...

DrDovetail Updated 

As always with any timeframes under the 1day, the reliability of chart patterns playing out starts to reduce the smaller and smaller the time frame you go to but the 4hr does seem to validate its fair share of chart patterns often enough to take this 4hr inverse head and shoulders serious. If it can reach it’s full target it will climb to 59 cents here Ithink the...

DrDovetail Updated 

Here on the btcusd weekly timeframe chart I wanted to update my previous Bitcoin channel chart I posted now that it is clear where the breakout point will be so I could adjust the measured move line more precisely to the point of the actual breakout to give a more precise target at the same time. I didn’t change the trajectory angle of the measured move line one...

DrDovetail Updated 

Fetch AI validating its inverse head and shoulder breakout patterns here and well on the way to both targets $1.12 for the lower neckline and $1.234 for the higher neckline. Shown here on the weekly timeframe. *not financial advice*

DrDovetail Updated 

Link starting to act like it’s about to break upward form this daily timeframe bullflag in teal. We can see below that it has already broken upward from the larger weekly timeframe bullflag in pink. Our next stop should be $23 to reach the daily bullflag target and then $35 to reach the weekly bullflag’s target. No guarantee the current candle is the breakout...

DrDovetail Updated 

We can see a pink neckline and an off white neckline here that price has broken above. This should take hbar to a measured move breakout target of around 11-12 cents. *not financial advice*