dgb has formed a picture perfect cup and handle and has broken above the rim/neckline...if it closes the current 4hr candle above the neckline then I think it's ready for blast off. Also take a look at the volume boost on it on the last 4 hour candle...explosive.
I never thought I'd find myself posting an idea chart for crypto but I have been following all these potential cup and handle patterns forming all across the crypto market closely all day. It seems as if Bitcoin Cash and Zclassic were the first ones to trigger....meanwhile other great alts have been slowly forming their respective handles to their cups all day...
wait for some pullback for another short entry. target on chart..
2 minor lower low have been violated, find pullback to short RR on chart
momentum is slowing down, price break minor uptrend channel. look for some downside movement. stop on the red line, target on chart
There are two potential inverse H&S scenarios playing out for ethereum. I have overlaid both on the chart, one in blue and the other in green. We are currently in a potential bearish flag (purple parallel line) and it all depends on how this breaks. Scenario #1 (green): the flag is currently forming at the 0.786 fib retracement since last bottom and top and may...
Bitcoin is currently consolidating in a bearish flag (purple lines). This often marks the halfway point of a move. We are also currently in a descending right angled broadening wedge (dashed lines) which is typically bullish according to Thomas Bulkowski. I don't anticipate a break upwards on this, however if we do then consider taking a position above the top...
Price complete Gartley on retest the neckline. we can take a short position with this setup :
* Awaiting price to close on neckline of doubletop. - A break of Counter Trendline will signal potential sells if confirmed below it. - break and retest of neckline 80/20% Sell
Overall price is still in the bullish movement. Currently price in the correction structure and potentially make another impulse to the upside. I expect some downside to complete the patterns and test the support area before it take off
Long setup using trend transition. we can take a long position on the potential right shoulders, confluence with the neckline 3 target on chart. final target is Cypher completion. Stop below head
BTC has yet to close 2 consecutive 4 hour candles above the neckline and instead continues to flirt with it and play hard to get. We've bounced under the tline but are still well above the 50EMA as well as the buy sell sign so it's still very much a buyers market see this as an opportunity to buy the dips...with each passing day breaking the neckline shoudl become...
BTCUSD or BTCUSDT approaching the inverted head and shoulders neckline (red)
We are officially above the neckline on the 4hr chart!! And with only 4 minutes left to go before this 4 hour candle closes...we may actually close this candle above the neckline! Very exciting time to be invested in btc! Now remember folks we still even if it closes above the neckline on the 4 hr chart are going to need the next 4 hr candle to close above it as...
Bitcoins bulls have been unstoppabull recently and witht he current price around 11430 it only has to reach 11600 to be firmly above the neckline. If it can close above on the 4hr and then close another followup 4 hour candle above that, odds are very good at that point that we have a valid inverted head and shoulders on our hands....those who have been following...
Simple trend analysis here, price broke the neckline to its double top off monthly resistance. Price may head down to the 1.20800 zone to retest a strong previous supply zone, where I will look for a rejection or break back below for a continue of a bearish trend.
Price created a inverse Head on Shoulders pattern, recently breaking above the neckline & now price is retesting broken resistance as new support now. NZD press conference shortly will be watching price action...