This cup and handle is the handle of a larger cup and handle (zoom out).
I'm unsure how good of a stop loss this is technically.
Target is approximate distance from bottom of cup to top right of cup added to 150 satoshi price, which happens to be the axis of a volatility funnel similar to a Hunt Volatility Funnel on the 1h timeframe.
Beware: low liquidity shitcoin.
(Note: I'm a beginner at technical analysis. Comments welcome.)
Hunt Volatility Funnel (HVF). Volatility decreasing recently. Breakout if price reaches 383 satoshi. Stop loss percentage is large, but still 4.88 Risk/Reward Ratio due to 53.52% target. Stop could probably be tightened to increase RRR as time goes on.
EMC2/BTC is a very low liquidity market, so the...
(Note: I'm a beginner at technical analysis. Comments welcome.)
Miniature Hunt Volatility Funnel? I don't think I'd call the upswing prior to this area an "existing trend" (which is necessary to classify as a legitimate Hunt Volatility Funnel). May be second leg of a larger inverted HVF on d1.
Poor RRR.
(Note: I'm a beginner at technical analysis. Comments welcome.)
Hunt Volatility Funnel (HVF) on BTCUSD: three successive lower highs interspersed with three successive higher lows. Reasonable risk/reward due to tighter stop and buy signal.
I published an idea for BTCUSDT on Poloniex, but BTCUSDT does not mirror exactly BTCUSD on Bitstamp (most volume).
(Note: I'm a beginner at technical analysis. Comments welcome.)
Though not perfectly formed, this looks similar to a Hunt Volatility Funnel (HVF). Volatility decreasing over the past few days, now a pinch forming on Bollinger bands. I estimate a breakout through 250 satoshi. 5.78 Risk/Reward Ratio.
BBY still has to hit L3 marker for the HVF to complete. So there is a strong probability for a short setup. In contrast, there might be a possible Long 123 setup forming down the road as well. For a long position, entry might be @ prior resistances level round 35.44, otherwise if price action compromises support then further downside is expected. Note that 32...
Update from my previous post. Looks like BBY is rallying and will continue to possibly around the $36 PT. Expecting this to hit max PT of $37.50. Searching for conformation of rally continuation such as a test of support, probably around the inner declining dotted line or at the previous high resistance of ~$35. So temporary long until otherwise.
HVF pattern developing. A macro perspective: short BBY long-term simply because of online retail dominance for tech products. I'm skeptical that brick and mortar retail will survive. BBY prior CEO placed a cost focus strategy that the new CEO has agreed and does not plan on changing. Cost focus strategies does not help with growth unless the company was operating...
HVF pattern seems to be developing. Consolidation has developed in the neck of the funnel (aka Channel). Thus far the Smart money seem to have pulled out already indicated by the OBV, and RSI hit overbought levels. Entry @167 for the short, or you could wait at the breakout of the orange funnel. Intraday BIDU as shown impulsive up spike but still has not broken...
NFLX appears to be setting up for a breakout to the upside and for good reason. Although Q2 is expected to be poor, the remaining quarters of the year is expected to be better. Multiple positive catalyst in development in the long run, and negative churning from small price increase ins subscribers at this point doesn't seem that much of a concern, since NFLX deal...
