NEO on the 1h chart shows room for growth on the RSI, MACD and a potential StochRSI cross. (This is not financial advice, this is a volatile market where anything can happen)
What at first seemed like a 4hr chart bear flag with a 2hr chart bull flag inside of it has now morphed into a descending wedge style bear flag which, although bear flags tend to break downward in a downtrend a descending wedge has a tendency to break upward. Factoring these things in with how long we have been consolidating without being able to get under the red...
1hr chart just formed another smaller descending triangle bear flag and appears to breaking down from it now which gives us a projected target from that flag of $6748...once we get there I personally feel more downside is in the cards and I agree with ronfkingswansons fractal prediction which you can see here I'm out of the market for now, at least until I see...
the t line and 50ma just couldn't hold and we have a bearish breakdown of the descending triangle it appears.....althugh there's a chance it could still find a way to crawl bak up inside the triangle for a fake breakout before this current candle closes in the next 3 and a half hours...the probability is low considering how far the last candle fell and how much...
Price has broken from upward trend line so we could be in for some downside movement in the descending channel. Wait for confirmation and more bearish price action before entry, we have highlighted our area of interest.
A ver good sign to see a second 4hr confirmation candle close above the descending wedge pattern. However we are still inside the bear flag, and we need to see a big surge in bull volume to validate and trigger a bullish breakout from this descending wedge otherwise it's just a bull trap. So for now I'm neutral bt hopefully we will see the bull surge very soon...
My last idea about the descending wedge and the bearflag we are currently in I realized I didn't update my current support/resistance zones and their numbers so I decided to make another idea reflecting the most updated support and resistance line information. current Resistance is the tline and just above that the top dotted red trendline of the bearflag, current...
A very positive sign to see us close a 4 hour candle above both the descending triangle and the t-line ont he 4 hour chart....we have one hour left to go on the current 4 hour candle but as you can see it's momentum turned around right inside the edge of the bear flag we've been stuck in for awhile now. Hopefully it will close above the descending triangle as well...
Hello all. I am back again. Hopefully bringing some good karma along the way. We have here a giant descending triangle formation brewing with Storm/btc that has developed over the course of the past 4 days. There was a solid %60+ percent drop from the initial run up, and it appears the market has found a (hopefully) temporary floor at around the 46x...
For now I stay neutral because sure there's plenty of bearish signs in the market but there is also what appears to be another smaller fractal like descending wedge pattern forming as I have indicated here with the light tan trendlines...These patterns are pretty bullish and Haejin Lee also hypothesized after the last descending wedge that we would rise up and...
Interesting development...after reaching the drop target price of our original bull flags bearish breakdown, and wicking below the %)MA a couple times, suddenly the Bulls woke up and found a way to lift the price action up out of the most recent bear flag that was forming and carry it all the way back above the Tline...flipping the T Line back to a support role...
Dear Crypto-Family <3 D4rkEnergY is live from Seoul Airport with a new update on Ethereum. Let's jump right in - I have to catch a flight in 10 minutes! I know, all the last updates on Ethereum all have been S.O.S, Oh No, Head dives to 580, ETH is struggling and so. I really want to, but I still cannot come with good news to you guys! Ethereum has lost 14 %...
OK folks here is my final draft once again readjustin my top purple wedge trendlne. We can see that the big green candle did indeed break above the wedge as I originally thought...and that we likely will have broken out because of the bullish volume that went with it. However the current 4 hour candle closing above the wedge as well 1 and a half hours from now...
Apologies to all as it just dawned on me that when I drew my descending wedge lines I had drawn them on the day chart when normally I do them on the 4 hr chart...once I switched to the 4 hour chart I could tell the lines were too close together...redrawing them for the 4 hour shows that we have only wicked above the ascending wedge line and have not had an...
So the bull in bears clothing (the descending wedge cloaked inside the head and shoulders) just let the bulls lose and we have massive volume spike to confirm the breakout above the purple descending wedge. Based on the angle and height of the wedge we have a projected price target ofm 9600....normally I wait for a second 4 hour candle to close before confirming...
One potential upside to mention is that the "dread and shoulders" pattern has within it a very sizeable descending wedge which basically consists of both the head and the right shoulder....descending wedges tend to break towards the upside....so if we see a bullish breakout with lots of bull momentum to go with it and a bullish volume spike and then a double close...
Dear Friends! Please forgive me. This will be a very short update - D4rkEnergY will not let you down, so I will make an update. But I got the flu, so... Yea, let's jump in. We are once again taking a look at the 4h BTCUSD Chart. As I told you yesterday, it would be very hard to break out and go into a reversal. Lucky, lucky me, I was right - In the previous...
Hello my dear Friends <3 D4rkEnergY is back with another exciting update on Bitcoin. We are at this very moment witnessing a break out attempt - Will the bulls succeed? Let's take a closer look at the 4h BTCUSD Chart. In yesterdays chart I told you about a scenario, where the bulls had a last chance to go into a reversal. And that is exactly what we are...