We finally touched down on that 450 mark and busted straight through to 446. In my humble opinion the most dreaded candle pattern has started forming on the monthly. November: Shooting-Star January: Bearish Engulfing What do these candles mean? In November buyers were very excited about the bull market, money was flowing and profits were being made. on the...
It looks like our recovery from the previous trip to 450 has painted a head and shoulders pattern. This is pretty bearish. I added some blue lines stemming from the peak rejections to indicate where we may be headed (450 retest). In the previous case we needed to clear the line and the end the day confidently above it for us to begin a recovery, I expect it will...
On Monday Spy broke the trendline on the downside again, but it quickly recovered and ended the day above it. Today we smacked on that old resistance from November 22nd around 473 and began trickling down. No real new info, covid is still covid. Inflation is still a problem, rate hikes are still coming, global market disruptions continue. Innovation churns...
Zooming in a bit, I added some lines where I felt they belonged. I wonder if we will break out of the rounding top I have drawn or if we will break this channel. The market always surprises me. In My Opinion, I feel that there will be a lot of tepidly good news coming out to try and keep the market up, but once the rate hikes are in we start to drop. many...
Hi all, Bitcoin shows me a pattern that looks suspiciously like the pre-announcement of the dip in May. I don't like to predict the market myself, so I'm definitely not going long or short based on this information. However, these are indicators for me to be alert. What corresponds to May? 1 and 2 have already been implemented. Possible scenario 1 It may...
Neuro-Fuzzy AI identified positive breakout on Symmetric Triangle. Symmetric Triangle is a neutral pattern. Positive breakout signals bullish option until Triangle top. The triangle top would be ATH, in this case. Deep Learning Pattern Matching drew a descending channel around the current price. Descending channel is a bullish pattern. Potential positive breakout...
Neuro-Fuzzy AI detected Descending Wedge on XMRUSDT. Descending Wedge is a bullish pattern. Machine expects a positive breakout. Where is the next resistance? The Wedge is in an Ascending Triangle. Ascending Triangle is a bullish pattern, too. Deep learning predicts upwards breakout again. So, new ATH isn't excluded. Chart is 100% bot-generated. Trade with caution!
Neuro-Fuzzy AI observed Ascending Triangle . It's a bullish pattern. The price has just hit the Support trendline. RSI bottomed in the green box We call the future price to reach 0.00075.
HEy tradomanics, looking at the previous price-action and momentum of BITCOIN we see a little bit of mixed signals and confusion. The recent wash-out and so called "flash-crash" is usually a strong indication for stop-loss-fishing and so a very bullish sign. All combined with an S/H/S-Pattern which should attract more sellers to save profits or to bet on...
The highest support is -50% below. RSI shows too many bulls. But even together their momentum is weakening. We wouldn't leverage short SHIB. But we took profit & got out of it. ;) x1 short.
Neuro-Fuzzy AI detected Descending Triangle. It's a bearish chart pattern. The price's near strong trendline resistance. And RSI shows that bears are powering up. So, we think short for a breakdown.
Neuro-Fuzzy AI detected Ascending Triangle. It's a bullish chart pattern. But price's far from support trendline. And RSI shows weakening bulls. So, we think short until $42.
The rightmost bullish wedge will break. An upward break will deliver the price into TP. All price action is within the context of a greater bullish wedge breakout. (All patterns are Neuro-Fuzzy AI-generated. Trade with caution.)
AI recognized Bearish Triangle on XRP. We bet on a breakdown: Read arrow, red price target. If the price breaks up, we flip to long.
Funding fees aren't sustainable. The liquidation chain will start soon. Bearish Wedge describes the first Target Price. (See RELATED IDEAS for a long-term view.)
AI sees this Wedge. Machine Learning signals break down. We think retest then further dump.
AI pattern-matching considers first Wedge (still) valid. SEE RELATED IDEAS. Also found a second wedge by non-negative matrix factorization: Good luck!
AI's wedge is still valid. RSI resistance suggests breakdown. Artificial intelligence signals dump! Funding top means overleveraged bulls. It's time.