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Hvf

Huge Bitcoin Breakout ?!Caught a nice inverse HVF pattern. Current following trend is downtrending so that gives a confirmation for a strong downside. . .BUT i also spotted compressing volume (potential for a strong pop in the upside or downside) and also a Bullish Divergence Pattern (indication of going to the upside). Overall, price could break out either way. I have set 2 target points (Long & Short) in both directions so you would have an idea of what to expect depending on what direction the price breaks out in. Use the Funnel and axis point as an indicator on when to get in and out of the market. AND MOST IMPORTANTLY......don't forget to set your stop losses :)
COINBASE:BTCUSD
by KennySniper
Bitcoin Short to $4k ?BTC SHORT: • Entry Price : $7,917 • Stop Loss : $8,261 (4.35% loss) • Profit Target Price : $5,028 • Risk/Reward Ratio : 8.39/1 • Profit Potentia l: 36.49% This chart is setup using an inverse HVF. At this current moment it is sitting really pretty at the Downside Target 1. I do expect BTC 1.56% to rally back up for a proper retracement, possibly back up to the $8k area. I might then consider a possibility to then enter a short position once this has taken place see it break out of the funnel to the downside again. Target 2 is set at around $4,756. I would most likely take most of my profits off the table around this target. Target 2 has a high probability of being hit. Target 3 is worst case scenario with still a realistic possibility of being hit with a target of about $2,431. I myself would not wait to close out my full short position at this point. This will be a great opportunity for the accumulation phase where professional investors and traders will load up on BTC 1.56% and new and weak traders will most likely sell. I hope this chart helps ! Follow me on Twitter @ KennyDegu
COINBASE:BTCUSDShort
by KennySniper
2
Bitcoin Down to $2500 ?!? Potential to shortThis chart is setup using an inverse HVF. At this current moment it is sitting really pretty at the Downside Target 1. I do expect BTC to rally back up for a proper retracement, possibly back up to the $8k area. I might then consider a possibility to then enter a short position once this has taken place see it break out of the funnel to the downside again. Target 2 is set at around $4,756. I would most likely take most of my profits off the table around this target. Target 2 has a high probability of being hit. Target 3 is worst case scenario with still a realistic possibility of being hit with a target of about $2,431. I myself would not wait to close out my full short position at this point. This will be a great opportunity for the accumulation phase where professional investors and traders will load up on BTC and new and weak traders will most likely sell. I hope this chart helps ! Follow me on Twitter @ KennyDegu
COINBASE:BTCUSDShort
by KennySniper
VEN/BTC Bullish In A Market Like This ?VEN is forming a lot of good looking signals here. 1) Flag Pattern (continuation pattern) - broke out in the upside from the pattern confirming its direction. 2) MA on the 1 day and the 2 day are crossing strong bullish. 3) If using the HVF setup; it broke out in the upside for pattern for two different Targets to take profit out from. 4) Looks to almost be forming a Cup & Handle Pattern. Only Negative is if BTC plummets and takes the price of this coin down with it.
VLong
by KennySniper
VEN/BTC Breakout To The UpsideVEN looks good for several reasons... 1) VeChain Mainnet releases JUN 30th and most likely will build with volume as the day approaches. 2) VeChain seems to be forming a nice Cup and Handle pattern...not yet quite finished forming yet. The Cup and Handle sell target price seems to be at .000911 and starts at about .00062 3) The volatility squeezed nice and tight from mid January to the beginning of April, forming a strong HVF pattern. Price broke out to the upside, slowly but surely. I prefer to keep it more conservative and sell at the HVF target price instead of the C&H targets. 4) My buy in target price is at .00054 but use your own discretion when deciding when to buy in. I based my target entry using the Fibb Retracement.
VLong
by KennySniper
EOS about to breakout to the upside!!EOS looks like a good strong buy if it hits .0018667 (which was determined by using the Fibb Retracement). Volatility is squeezing tighter and tighter and is looking for massive explosion very soon to the upside. I happened to use the HVF method for this coin. Waiting for a full pullback on the RSI and chart to touch the resistance lines set. Moving Average (20 and 50) seems to about to cross in the 4 hour time chart and looks strong in the 1-day chart. Target price was found by linking the distance between H2 and L2 together.
ELong
by KennySniper
Bearish BTC - Confluence of Methods (Update)Fib spirals, Fib extensions, HVF all target the long-term support line. Projected target is about $2600 - $2800 late May/early June. Also: Forcing Fib spiral through that zone of confluence results in several possibilities for the next high. 1. Pink: Lower high within the down trendlines 2. Orange: BO from the down trend and lower high beneath the all-time high log trendline 3. Purple: Breakout from the all-time high log trendline (exit the bear market) At this point I favour bearish continuation with a lower high in the pink zone. nb this is the updated version with correct placement of the next high for spiral 5
BITFINEX:BTCUSDShort
by SKG79
4
Bearish BTC - Confluence of MethdosFib spirals, Fib extensions, HVF all target the long-term support line. Projected target is about $2600 - $2800 late May/early June. Also: Forcing Fib spiral through that zone of confluence results in several possibilities for the next high. 1. Pink: Lower high within the down trendlines 2. Orange: BO from the down trend and lower high beneath the all-time high log trendline 3. Purple: BO from the all-time high log trendline (exit the bear market) At this point I favour bearish continuation with a lower high in the pink zone. nb this is the updated version with correct placement of the next high for spiral 5
BITFINEX:BTCUSDShort
by SKG79
BTCUSD Bullish scenarioThe grindy upside move is a bit of a concern to me. I lean towards bullish but not fully. There will be spills, as one would expect. And the degree of these spills, how price action respects the Key Levels of Significance (the previous inverted HVF funnels, marked Red, Greed, Orange) is likely to be a telltale. A minor inverted H&S is already embedded in. A larger one would be very welcome with a potential neckline circa $9400. Which could lead to its move up targeting circa $12500, with corrections.
Long
by Birtan