Hi! DOGE has been added to the Robinhood , so everyone can buy it now and this caused a huge pump. The other reason for the intensive growth is Bitcoin, which is very bullish atm and trying to break MA200 . DOGECoin painted a bullish flag during the past week, slow and steady decreasing RSI to nearly oversold condition at all timeframes from 4H and lower....
I think that my previous post looks pessimistic, while I'm actually not. We have way more on the bullish side than on the bearish. BTC painting Inverse H&S that I mentioned here The neckline right under the strong resistance line and breaking it not going to be easy. BUT! If we will break MA200 at 8500, we likely will see a very strong FOMO that may bring us to...
Hi, guys! Hope you like my last charts and you made money together with me :) We have a lot of good news: 1) We found strong support ~5800-6000 2) We broke the longtime downtrend channel 3) We broke 6200 resistance 4) !!! We are approaching 4/1 Gann Fan that I talked about in my previous charts. It's currently at 6800 and breaking this level should bring an...
Unlike some of the other projects facing a possible addition to coinbases elaborated club of digital assets, Cardano seems to be less effected by this fantastic news. Why is that? It comes as a surprise to me. Does that sound like an "Ethereum-killer"? I wonder if the market lost its faith with this project. The roadmap sounds slow and only good in theory. Will...
Ending diagonal often mark the end of the trend Ending diagonal often correct to at least fib 0.5 As price printed lower low, macd has been printing higher low, 3 times, one touch for every subwave This shows how long "bullish divergence" can keep on going without producing a reversal. It also confirm the diagonal triangle, in which subwave 3 and 5 are meant to...
Hi! DOGE has been added to the ROBINHOOD , and now available to the general public, and right after the announcement, it was clear that the price will pump vertically, what we could see during this week. Rule of thumb - whatever is being added to the Robinhood or other major exchange being pumped impressively. Twitter literally exploded with the bullish...
Hi, everyone! It was a boring week (as I promised) and BTC slow and steady painting the classical for BTC figure that we see at 9 bottoms from 10 - inverse H&S. Volume at the right shoulder confirms the pattern. Daily RSI is still on the sold side and engulfing upward. we also have an RSI convergence on daily since the last bullish daily candle. The neckline ...
RSI just confirmed the breakout, Most indicators are now reset, so there isn't much else to say I have 3 TP above where price might turn Looking at alts such as IOTA, BCH an XRP, i'd say wave 3 was probably the top of wave 1, this count would bring us to the target on top
Etherum Classic (ETC) has been doing great the past few days, lots of growth and many positive / bullish signals are developing. I posted an update in my long term Etherum Classic vs Bitcoin (ETCBTC) trade which you can find here: Now, let's take a quick look at ETC vs USDT. By looking at the daily and weekly charts, we can spot the following signals: - On...
Hi, guys! As we discussed earlier, BTC didn't manage to close the inside bar over 6200 which led to another quick drop. Now, we have a double bottom, but most interesting that price drew a very rare Dimond Pattern. Now we have a diamond bottom and breakout from 5950 will be a bullish confirmation. This pattern is rare and this is a reversal pattern that works out...
Quick update on BTC . Chart says it all: We broke 6180 resistance and firmly closed above. Now it paints another Bullish Flag with target at $6500 and we also have an Inverse H&S with the target right at the key resistance level - 6800. //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Rising wedge at the critical point. If 2/1 Gann Fan not going to hold, I'll stay out and wait for the better entry. Target isn't terrible but will be a good test for support.
Appears that it's not a triangle and we just painting a flag. Same targets, still bearish Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for educational purposes only
Hi, guys! We are currently at the wave C going to wave D(~6780) and after that, most likely will try 6980. BTC drawing a rising pennant, and target below the triangle(red lines) and highly likely will close under it, which is bearish and promising a downtrend continuation. We never see a bottom, but FOMO is really strong because we have lots of people not...
The previous chart is a Fool's Day joke. This one is real. We reached the target but I don't see a bottom here. This is a point of interest for many, so we can find a short-term support at 6500 and I expect a sideways between 6.5 and 7.2. Overall, trend remeans to be bearish and we are sliding down in the channel that has a 1/2 Gann Fann line as a bottom line....
Bullish flag formed. The flag's target 6600-6700 //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
16 week Triangle that everyone was talking about seems to be a WEDGE! Here is why: Since we almost don't have wicks on the top(check it yourself on the Daily chart), we should disregard wicks on the bottom #1 rule: Wicks to wicks, body to body. If we charting it properly following this rule, we can clearly see a falling wedge and price just bounced from the lower...
Out of short position at $433. Looking at the previous bottom formation it looks like we could be coming to an end of the bear market. Push to 380 is still possible and will open a short upon a breakout of support. Congrats to all who survived.