This is a simple XRPUSD & XRPBTC scalp based on the "above the stomach" two-candlestick pattern visible on the 4-hour time-frame... Above The Stomach: # of periods (candles) = 2 price trend (going into the pattern) = downward first candle = black second candle = white candle opening and closing at or above the midpoint of the prior black candle's body...
this should speak for itself.
Assuming upward break this is a reasonable SHORT-TERM price target... Remember price moves laterally as time passes so do not expect it to follow the arrow literally... Arrow = Same Length as Flag "Pole" (Hence, the measure rule which has performed relatively reliably in the past with this instrument)
I spy with my little eye... Something that looks.. Similar and potentially bullish... If thee leave a thumbs up to me, I shall know that thy agree... BTC Tip of the Day When BTC moves a lot or a little, only the foolish ask nearly immediately, what is the news that is surely moving our beloved BTC?
This is a thought I've had for a while and well it seems likely enough that it is worth publishing. An inverted head and shoulders is also confirmed by the volume profile as being a viable formation. This chart is intended to depict the GENERAL direction only, NOT for specific price targets.
This is a speculative pricing model of future BTCUSD prices during the year 2017... This is the very lowest risk, near 100% certainty of hitting our 2018 New Years Day Price of 2095!! For conservative investors only - Risk Tolerance: 0
Call this premature but hey, Santa just keeps on giving! Positive karma and white rice carbohydrates will fuel this sucker past $1,000! Congratulations to all of us who have held firmly in our love and use of the ONLY REAL CURRENCY CLASS LEFT ON THIS PLANET!!! Yes, I am assuming it breaks $1,000 BUT HEY, if you doubt it now, you aren't paying attention!!...
Price Target #1(Link to Original Below): $952 Price Target #2: $958 Price Target #3: $962 The variability comes from various (subjective) nuances, not least the small pennant that formed Dec 27 (0-7am EST).. This target shouldn't reflect my bias, it is merely a use of the measure rule... Good Luck and Happy Trading P.S. If it isn't obvious, all purple...
My usual target following the measure rule I've outlined in prior charts, they are linked below... Let's keep it going - I think it won't be long until we see $1,000 USD --- +1 my charts to increase our collective Karmah thereby allowing our collective consciousness to increase the strength and scope of our BTC super rally! Go BTCUSD Go BTCCNY Go BTCEUR ...
This is the definition, no longer will incorrect use of the term be accepted within the internet but especially cryptocurrencies chat. The definition of a BUBBLE !
If you have followed or seen my other recent SPY charts you'd know that I have maintained a bullish outlook in the face of a primarily bearish sentiment that has seemingly permeated the hearts of most traders... It seemed like a reversal was coming in the usual manner but the bell tolled and we barely moved, however (as I said in the usual manner) it began to...
The time has finally come! I have been waiting for a near vertically rally, and likely so have you! Our patience has been rewarded with a strong breakout! Using the measure rule I give a new PT of $880 USD... Momentum has been huge, since June it is the third strongest, the second being in August.... Good luck and soon we will be in the four digit range ---...
or just a sad pipedream that results in a rectangle top... I am bullish BTC short, medium and longterm... Always have, and will be for the foreseeable future... Comments are welcome... Join the Flag party only if you dare. Price Target $800
I have been operating on the assumption that the Dow Jones TVC:DJI will reach 20,000 as it certainly Makes America Great(er) Again(Than before 20,000)!!! *insert charming sentence about the interrelated...ness'... of markets* Thus the S&P 500 will likely also rally... that takes us to the end of the macro (arguably still mostly technical) analysis portion, thank...
Here is a small display of how to measure a price target of a breakout after an initial flag or pennant forms... These short-term patterns often reflect the rally's halfway point and are great opportunities to test your price targeting ability. The rest is easy, measure the length of the pole portion ($11.23 is the dollar value of the move) and than measure and...
Flag or Pennant ? Both would be bullish ... Play with time-frame, it seems to match a pennant on most... However it may be neither, although there are many within it. That tends to serve as a confirmation! The SPY is an index based ETF for the S&P 500...
BTCUSD Will it happen or am I just tired wishfully dreaming? Time will well won't it?...Its going to happen one way or the other though, so why not now?!?