scalping time short 2200 $ and long target 5800$
Just a quick update on what I am seeing. Will update accordingly. This would be the minimum count in terms of objectives. Keeping busy during this final capitulation phase. Not an expert :-).
Bullish divergence on the daily RSI confirmed 20 minutes ago: Here is a cheat sheet on divergence: i.imgur.com Here is a historical look at daily divergence since we reached ATH 6 months ago: As you can see, they all played out at least for the short term giving bulls some relief. Point and Figure Chart i.imgur.com Yesterday we confirmed a column of 14 O's....
There is a wonderful base formation in a lower time frame, which is very convincing to me that down side might be capped from here ... here is the link to that cart.... tvc-invdn-com.akamaized.net Although this is a bullish projection before confirmation of a reversal of trend, if the base slides lower, i will update the charts here .. Remember the point and...
if we can break through the Ichimoku cloud maybe we can establish a strong bull trend and break out of this depressive bear cycle.
the downside target has been calculated from the point figure chart provided in this link .... invst.ly Disclaimer..Not an investing/trading recommendation
Quad bottom formation will be confirmed at 0.115. Could possibly also fail to meet that price point and develop into a Bearish Reversal.
The spread Triple top is technically in play even though I would have sold when it failed to yield higher lows. However, a bullish catapult seems to be forming. I would enter into a trade at 2280 - the point at which that signal is locked.
Triple Top bullish signal confirmed on BTCUSD Signal fails at $7325
March ended with aproximatly a zero net gain/loss. we saw the Febuary decline terminate in the first half of the month followed by a shakey but consistent uptrend. EOS on correction during the upward leg is consistently testing support suggesting an inclination towards the bearish side. However, this is counteracted by broken resistance levels that suggest a...
A horizontal count from the previous congestion yielded a projection to 0.00076 that has not been met. EOS has congested between 0.000792 and 0.000832. Resistance seems to be stronger than support. A bigger picture: We can see over the past month EOS has been generally moving in an upward trend making newer highs.
looking at the big picture for BTC - possible downward channel if support at $6000 fails
Bullish Divergence indicator Triple Top forming on BTS. The last Triple top failed (failure to make new highs), however, if an entry was made at 0.134 or 0.136 (on signal confirmation) then the trade could still be active with a generous stop loss. A Spread Triple Top has formed and a preliminary horizontal count gives us a preliminary target between 0.182 and...
It looks like on BTS triple top breakout formation is coming together. To my untrained eye it seems that BTS triple bottomed bouncing off support at about $0.12 before breaking through resistance at about $0.13 I used the horizontal count method to create a preliminary price target zone if this breakout signal is confirmed.
in retrospect this estimate was fairly accurate. Maybe there is something to this.
I am seeing two scenarios here based on P&F charts. 1. the price will come up to make a new high-low and will carry on to the trend line or resistance level/area 2. the price comes down and we make a new low-low... the price will carry on down to support before bouncing up to the resistance level/area