Measured move down takes us right to the log trend retest and strong support in the 7.3 to 7.4 area. Looking for a bounce here
EUR/USD is currently warming up after a nice PB. Applying MM to this chart gives us targets of 1.24 and 1.2 with stops below PB low of 1.17. Nice RR but low probability. Worth a try.
The Adam & Eve pattern is still in play.
Continuation targets for BTC below 6K are 5127 3552 1309 and 0 Lets see what happens in the next few months :)
After days of le miserables sideways, BTC has been moving in a very tight range and looks primed for a big move one way or the other. It's important to realize that price has finally settled in an area with some actual history and support, making any bearish continuation likely to be much slower and grindier than the initial fall from 20 to 6k. Technicals remain...
This is an update of a previous analysis.
verge looking very good for a measured move on the next leg up.
A fruity bat was born but it was born prematurely, tried flying but couldn't, fell not once but twice in such attempts and is on its death bed now. The grave is being dug at this very moment, whether the grave would be as much deep as the death bed or the height of second flight, it is yet to bee seen. May the brave rest in peace!
BTCUSD's blowoff top, 30 day phase ended December 17, 2018, harmoniously near key GANN Solar year date, Dec 22. At this point began BTC's 30 day reversal pattern which confirmed in 29 days since the December high. Next phase, the continuation phase, lasted an additional 30 days, with price breaking down the neckline BTCUSD 12500, and quickly retesting, only to...
I measured the distance of the double top and projeceted the distance to the downside. Such simple measurements are a good guess and it says that Bitcoin will drop to $2403. Right now, support S2 at 6968 is broken and gets retested. If it stands the test and remains below that S2 level, the way is free down to target 5511.
As we all know, XRP has been booming, as of late. However, with great price movement comes great retrace. At a glance, XRP appears to be shaping up for a Measured Move. In case you do not know what a Measured Move is, here is a very simple explanation: - A Measured Move is a three-part formation consisting of a reversal advance, correction/consolidation, and...
This is an A-B-C-D chart pattern. A-B leg completed B-C leg retrace between 38.2%/61.8% fib C-D leg should equal A-B leg Target is either 1. equal to A-B leg 2. Equal to bar pattern copy Stop loss above C candle
Looking for another break above the grey for us to ramp higher to $1500. I'm not in this currently but will be watching for a breakthrough or breakdown. $ETH has been good to me thus far!
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