LTCUSD pair has been trading in a descending triangle betwen 22.12.2017 and 10.6.2018. A break down from that triangle has happened at 12 Jun 2018. Since then, the bottom line (reddish color) is the new important resistance level. LTC has the first break up attempt (you can see on the chart) which was NOT successful because of the lack of volume which also means...
Interesting find, I see a broadening bottom in BTC's current pattern. Below is an image of what a broadening pattern looks like. Bullish Points: - Broadening Bottom Pattern - RSI showing higher lows - Stoch RSI showing higher lows Example of Broadening Bottom: excellenceassured.com
Could be broadening pattern (ascending, expanding, or bottoming ), needs more confirmation, but something to keep an eye.. good luck trading
Got this on the 39 minute chart, the crazy part about this is that the price target measurement lines up perfectly with the established trend line, let's see what she ends up doing.
Bullish bitshares broadening pattern shows the potential of a massive rise upon its next ascent...target to the $1.70+
As I had said an idea or so ago we will likely fake a breakout once or twice to reset rsi and stochrsi levels before w have enough momentum to break above the neckline of the inverted head & shoulders pattern. What was once looking like your average bull flag has morphed into a sort of small falling broadening wedge and now are 4hr stoch rsi is ready to go up...
I was thinking any lower than 7350 would greatly decreases the odds of our cup and handle pattern because usually the handle does not go down further than half the height of the cup. However a cup and handle as wella s the double bottom for that matter is not truly invalidated until the price action has dipped well below the bottom of that patter so with are...
The rising wedge it appeared we had broken down from simply morphed into an ascending broadening wedge which also tends to break downward. We are currently near the top trendline of that wedge and with the other resistance lines teaming up with that wedge line of the 4hr 200ma (in blue) and the top trendline of the descending channel odds are good the price will...
All information on the chart. Patterns included: 1) Ascending Triangle: If BTCUSD breaks above, confirmed bull run. 2) Broadening Formation (Bullhorn pattern)
On the 4 hour chart here you can see the head and shoulders so far has avoided being triggered after the 4hr candle price action rose back up above the head and shoulder neckline before 3 closes..However on the current 4hr candle, it is now dipping back below the neckline so odds are good it will eventually still break down from the current broadening ascending...
Just realized I updated my last idea without updating the price movements of the 50ma, 200ma, ascending grey trendline, and pink eve trendline...I also pointed at the golden cross a littlebetter. Please refer to my last idea for more in depth analysis on all these things. I am short term short, but still long term long. Good luck thanks for reading I will post a...
Hi Guys, quick Analysis, i spotted a declining broadening wedge on BTC USD. After H&S formation the support couldnt even be broken by the downtrend after H&S, now trend switches probably and goes for formation target at the first highest high of formation @ 15300 USD after breaking declining broadening wedge top-line. Wait for confirmation and once it breaks...
The Broadening Top pattern forms when the price progressively makes higher highs (1, 3) and lower lows (2, 4) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. A bit of a toss up since the broadening top formation appears much more frequently at tops than at bottoms, and therefore...
My old fasion broadening top pattern (1.272) is still valid. Now it is richier with those divergences. Maybe it will happen again like year ago. Lets see.
We can see a broadening formation. This means that the psychology of the market is unstable. If the short-term convergence moves down, the price can again show the decline as much as the previous day's decline. It will lead to a rebound in the base upward trend.
This is how I see it. One top of broadening top pattern already made, second in progress. + fundamental stuff that puts DXY lower.
Currency wars. Everyone is printing money: Japan, Europe, USA. Every superpower is trying to weaken their own currency. Why? Because of export. Your product is cheaper if your home currency is weaker. In these situation no wonder if the EurUsd is topped in a broadening top fashion. As the two trendlines diverge from the apex, the pattern resembles a reverse...
Let us see what will give us this setup, do not trade until it confirms I am waiting to go short