LTC has broken the downtrend channel, and almost formed an Adam&Eve (or you can say another type of double bottom). If formation completes, the target would be 0.0205 BTC. On the other hand, while most of the alts jumped up, LTC hasn't moved its play yet. Therefore we may see a bigger move. Not an investment advice, please do your own research.
So many reasons to be bullish right now. First and foremost, is the current bull flag we have been forming on the 1day chart. 2nd is that the projected trajectory of the eve trendline's ascending curve(in pink) continues to be validated. Third, we still haven't reached the projected breakout target of the descending triangle we broke out of(in purple) and we also...
Hi guys, forgot to post this setup at the time of entry because it was frickin late. It was a double top setup on GBPUSD on the 13.04. With 5 confluence factors for this trade it is categorized as a B Type setup. Sadly I was closed out the next day for a full loss of 1.00%, nevertheless it was a good setup, losses are just part of the game of trading. I see...
Most of the alts are showing double bottom reversals lately. I shared $OMG and $ETH double bottom formations before, and they both hit the target. Now it's $LINK's turn! Target: 0.000066 BTC. Not an investment advice. Please DYOR.
As anticxipated the 4hr ascending bull pennant we were in yesterday broke bullishly upward and we are now currently in the middle of forming a new bull flag. The flag is currently using the 1hr t line as its support zone so I'm doing this idea on the 1hr time frame chart, however it is also developing a bullflag on the 4hr currently as well. The 1 hr t line ahs...
When a chart forms a "Double Bottom", the price should go up as much as the height of the triangles. Target: 0.00171 BTC Not an investment advice, please do your own research.
Hi guys, another day another trade. Quite alot of setups this week so far. Today I'm going to put an entry order on GBPNZD. Price pulled back and formed a double bottom, rejecting the 50 EMA aswell as the 0.618 daily fibonacci retracement level. As of the time of writing this price has'nt closed above the daily 0.5 level yet, if the day should close above it...
A quick update we are reaching a pivotal point as we approach the apex of this falling wedge as well as continuing to follow this potential eve bottom quite precisely. You can see here on the 1 day chart we are currently up outside the falling wedge on the current 1 day candle...like the previous 1day candle, it is finding strong resistance at the t line(in...
Stull hypothetical but with each 1 day candle that passes the eve bottom continues to fill out within the parameters. Here is a zoomed out view of what I think is a fractal repetition from the smaller one that formed back around september 15th of last year...the bullish volume spikes you'll notice from each one are very similar with the one this february being...
My stop loss just below the 50ma has been triggered and we have dropped down to find strong support once again at the 23.60% fib retracement line. I anticipate this line will hold and start forming a bear flag most of the day. For now I'm switching to neutral. I will go long if I see a bullish break up from the bear flag which I anticipate will be the outcome...In...
Really can't say much here on why this formation may take place. Mostly just a hunch, based on my perception of price action as of right now. The downtrend seems to level out as you would see in the Adam & Eve Double Bottom reversal. RSI is also gaining steam on the 1-day chart. If we drop below previous low of 6000, the formation is invalidated. If confirmed by...
here we have on the 1 day chart, back on a very important day in bitcoin(September 15th, 2017), something extremely worth noting the importance of. You can see where I've circled on the volume chart the tall green bar for that day...this green bar just so happened to be the biggest bull volume swell of the entire year of 2017 and it was exactly 3 months later on...
Hi all just wanted to gie you an idea of what to watch for if this bigger Adam and Eve double bottom is valid. If it is the size I'm projecting, then the bottom is likely already in at $6420 back on Easter(aka Jesus' resurrection and possibly btc's resurrection?) so far we have just established a higher low on the 4hr chart after the higher high we had of 7500 so...
The target of the double top is complete, but the trend line don't be broken with big volumen i think that we going continues down at 4k in the few days
A fellow tradingview publisher by the handle of @BTCookieMonster (follow him and give his charts views and likes please) created a very nice chart hypothesizing an Adam and Eve Double Bottom which would result in a great uptrend. I totally agree with him and find that outcome highly probable but I think his adam and eve is really just Eve.....and That Adam is the...
It was over 36 hours of non stop consolidation on the last bear flag, doji after doji after doji, morphing at times into a descending wedge, a diamond bottom, and threatening to be an eve shoulder of an adam and eve double bottom, but after 9 4 hour candles of consolidation, it finally returned back into a standard bear flag and broke down to the projected target...
Welcome back to another episode of Bearflag after Bearflag. You can see the projected drop of the last bear flag on the 1hr chart hit its target pwith exact precision. The charts are scary accurate sometimes...and now that it has hit its target it has once again gone into consolidation mode and started forming another clear bear flag that can be seen very well on...