mdyassink

mdyassink

BTCUSD recently printed a bullish divergence on the 4hrly chart (lower low in price with a higher low on the RSI) and at the moment it would seem that and inverse heads and shoulders pattern is in play with a target about about 35000 - 36000 price. The recent bounce at the neckline above the right shoulder area after the breakout at about 29500 seems to have given...

mdyassink

September has typically been a weak month for BTC. It would seem that for most of September, a falling wedge pattern has formed. Am expecting a bullish breakout. Wait for a breakout with confirmation before considering a long position. Beware of fakeouts. Just sharing an observation.

mdyassink

Based on hourly chart candle close chart it would seem that we may have a potential for an inverse heads and shoulders pattern forming. However, some might by in the opinion that the 42000+ wick may invalidate that pattern, however, based on candle closes (line chart) it shows there is still potential. At the very least look out for a break above the resistance...

mdyassink

BTCUSD is possibly forming an inverse heads and shoulders pattern on the 4hrly. Has to clear around 50000 for a breakout. Breakout initial target 53000 and further bullish movement target is around 55000 which is the next resistance in the ascending parallel channel pattern that formed since late July. Just sharing an observation.

mdyassink Updated 

BTCUSD seems to be in an ascending channel pattern. We are currently testing the bottom support of the channel. If this bounces we are likely to revisit the top of the ascending channel. If we break, for the bullish trend to continue price has to hold above 43900 region. Just sharing an observation.

mdyassink Updated 

There is a breakout possibility with first target of around 50-51K if BTCUSD can break the descending resistance which started from around 14th April 2021. Take note that this could also be the beginning of a severe rejection too. Wait for breakout confirmation at least on the 4hr or daily chart where it breaks out and bounces from the descending line to make it a...

mdyassink Updated 

BTCUSD on the daily char is forming a symmetrical triangle and is close to breakout. Upside target of 51500$ and downside around 22500$. Wait for confirmation on high volume breakout with at least and hourly or 4hourly confirmation candle above the current resistance and support lines. Trade with care and only what you can afford to lose. Nothing is 100% in...

mdyassink

BTCUSD seems to be in the midst of forming an Inverse Heads and Shoulders pattern which can be seen both on the hourly and 4 hourly chart with a target after breakout of 48000$. Wait for the breakout with at least an hourly candle or 4hourly candle close above the resistance neckline. Beware of fakeouts. This is after it broke out of a falling wedge pattern...

mdyassink

BTCUSD is possibly forming a falling wedge pattern on 4 hourly chart. Possible breakout trade trading opportunity. Currently it is a wait and see if it breaks out from the top or below the descending lines. Falling wedge patterns are usually a bullish continuation or reversal pattern. In this case it could be a reversal bullish pattern . Target is around 44500$...

mdyassink Updated 

BTCUSD is possibly forming a falling wedge pattern on the hourly and 4 hourly charts. Breakout trade opportunity once price breaks out of this pattern. Target of around 52500$ if it is a bullish breakout. If this target is achieved, this will probably be a resistance test at the recent top we had 2 days ago at around 52650$. It is also interesting to note that...

mdyassink

BTCUSD could be in a possible Diamond Pattern on Hourly Chart with breakout trade opportunity with an initial target of around 51400-51500. Further upside is also likely if this target is reached to possibly create a lower all-time high or even a new high. Diamond patterns are usually a reversal pattern and a bullish breakout is likely. Beware of fakeouts. For...

mdyassink Updated 

BTCUSD Trade Opportunity right now on the 4hrly chart. Possible to wait for confirmation with a bounce with resistance of Inverse Heads & Shoulders pattern turning to support. Beware of Fakeouts! Target around 57750. Just sharing an observation. Good luck!

mdyassink Updated 

BTCUSD has been in an ascending channel pattern with trade opportunities within the pattern at the bottoms and tops of the channel. Take note that the 4-hour RSI shows bearish divergence as shown in this chart: Beware of fakeout from the top of the channel and possibly wait for confirmation candle on at least the 4-hrly which retraces from breakout and bounces...

mdyassink Updated 

BTCUSD 1 hrly chart is showing an inverse heads and shoulders pattern and there is a possible breakout trade opportunity with a target of $37000. Wait for confirmation for a safer entry with a candle getting supported after breakout at the current resistance downward line. Be careful of fake outs. Just sharing an observation. Trade only what you can afford to...

mdyassink

Look out for the bearish divergence forming on the 4hrly chart with hihger high on price and lower high on the RSI. There could be a possible short-term correction in price coming soon. Just sharing an observation. Bulls probably may want to get those stop losses in profit standing by just in case. For those who followed the earlier trade on the inverse H&S ...

mdyassink Updated 

Depending on which side the breakout happens, there is a good opportunity to get into a trade after price breakouts out of this range. Be careful of fakeouts and it is always advisable to wait for at least 1-2 green confirmation candles after breakout for more confidence. Do not forgot the stop loss above or below this pattern depending on the breakout...

mdyassink Updated 

Check out this chart pattern that seems to be repeating almost exactly the same albeit on a smaller scale. The only thing left is the ascending channel pattern towards the critical $20000 region. The last parallel pattern made a 20% upwards move from bottom to top. Just sharing.

mdyassink

ETHUSD seems to be in a symmetrical triangle continuation pattern on the 4hrly chart and there is a breakout trade opportunity. If this does have a bullish breakout, depending on where and when it breaks out, target is at about 255-260. This is only an observation and best trade possibility is after it breaks out and bounces with confirmation from the resistance...