Ethereum is showing strength on the daily chart as it continues it's
upward trend towards it's all time highs at 400.
We see a beautiful flag pattern on the daily chart with a confirmed breakout
to the upside.
If price can get above the top of the flag, 320, then we should see a new run
to the all time highs at 400, which finds a confluence of targets:
Signs are strong for a bounce to 5000
Good entry point, with stop below 4000
That 4000 Support has held nicely.
Target: 5000, which is a nice big psychological round number, as well as 261.8% retracement of June > July decline (what a coincidence!)
***MY FORMER PREDICTION: It might come down below 4000 again, but last time that crack was met with
ON the 60 minute chart of Bitcoin Cash we see a long consolidation pennant / flag pattern coming to a head.
The 200 day moving average is sloping up, and the closer it gets, the more pressure we get for a bounce. Remember, stocks like to bounce off of moving averages.
If price can pierce and traverse the Ichimoku Cloud , then we could get a really big run...
If price can hold this short term support on the 1 hour chart of bitcoin at 4400, then it should provide the momentum we need to get over 4500
A good place to enter now as we consolidate because as we see time and time again, the pattern is a quick explosion through key levels with no time to get in on a pullback.
It looks like we are really...
Great shorting opportunity in Bitcoin on the 1 hour chart
We see a clear Bearish divergence in the RSI verse Price
SIGNAL: Higher highs in price, lower highs in RSI indicator.
See previous three examples always resulted in pullback.
You can short this pullback OR wait for a pullback to 4000 to buy back in.
This is one of my FAVORITE signals
We see a DOUBLE TOP forming in Bitcoin at the 4200 level on the 1 hour chart.
That is a bearish pattern, but in the larger uptrend
We could see a pullback to the 4000 breakout level, which should now serve as support. A good place to buy in and take advantage of the next leg up to 5000
Long - Wait to buy until pullback to 4000 level...
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So, WOW, this has been a really fast run from 3000 to 4000.
What do we do when Bitcoin reaches 4000 after a 30% increase in only a week?
I must recommend taking some profits and seeing how it behaves here.
I don't think we'll see a...
The question is: What is a good entry point?
Wait until Bitcoin pulls back or consolidates and breaks out. Right now it is in no man's land. If it goes up you make a little, but it if goes down you lose a lot. Wait for a better risk to reward opportunity.
On this Hourly chart, Bitcoin has already broken out from it's flagpole at 3260, and Bitcoin continues is...
On the Hourly chart we can see another beautiful, and clear bullish flag pattern.
The trend us up, and this flag should resolve to the upside.
The target is the measured move, the length of the flagpole that formed on the breakout of 2900.
Buy Signal: aggressive 3250, conservative 3300 (high of consolidation pattern)
Target: aggressive 3700, conservative...
Ethereum looks like it's ready to breakout of its downward trend after falling 50% from it's peak at .15 against Bitcoin.
It's bouncing off of the trendline formed from those April/May swing lows.
A GOOD SIGN
RSI never reached oversold. While many people think oversold RSI is a buy signal, it's the opposite. If a stock DOESN'T reach oversold on a big pullback,...
We see this rising triangle pattern clearly on the hourly chart.
It's bullish continuation pattern, a version of the flag pattern. The flagpole began at the low of 1758 on July 16, flagpole high at 2957 on July 20.
Another breakout above 2900 signals a run to 3000. A breakout of resistance at 3000 (red arrow) means NEXT STOP 4000 based on the measured move of...
A great rounded bottom continuation pattern showing up in Dash/BTC
A beautiful bottom!!! Nice strong pattern, the bears losing strength and consolidation building. Not sure what will trigger the push, but confident that the old highs are back in play. At that time, we might see another sell off, or if it consolidates there, then maybe new highs.