You are at the PCZ of the potential Bullish Cypher with Bullish Divergence and also at support. This is an extremely low risk entry, and you really only risk a little over 3% with your stop slightly below x and under support. Potential Targets are listed above. 1st being our conservative target of 0.234, second at 0.252, third at Wick A (0.2638) and our the 100%...
If we can hit the PCZ of the Bearish Bat pattern, we may have a safe opportunity for a short position, but here's the kicker! We may have a bullish cypher pattern in the play following the Bearish Bat? So my speculation, we hit the PCZ of the Bearish Bat at around $12,700ish, sell off and then we potentially reenter with a long position with coinciding variables...
Good afternoon everyone! I originally had a potential Bullish Cypher pattern in development for ALGO! Which could very well still play out, although, if we confirm where we're at now as a higher low double bottom with bullish convergence on both oscillators, then we could potentially see prices up to about 815 sats again which would also be the PCZ of the Bearish...
Well, after breaking the down trend we've been in, I don't think the Bullish Gartley Pattern is on the table anymore. But that being said, we do have one more target of the measured move of the Adam and Even Double Bottom pattern! That measured move is close to the .886 which would also be the PCZ of the Bearish Bat pattern! Before taking a short position, I do...
Good evening ladies and gentlemen! This is my 3rd update on this potential pattern. I am kind of at a mix right now on whether or not it will play out simply because we had a confirmed Adam and Eve Double Bottom pattern. This does not mean we'll break out of the trend we've been in the past couple of months, but that being said, I am not sure if that would count...
Good evening ladies and gentlemen! I have charted a potential Bullish Cypher pattern. I don't know if this will play out, but if we end up running down to the .776 at around 562 sats with Bullish divergence formed on the four hour and daily time frame, I WILL MORE THAN LIKELY TAKE A POSITION HERE!!! This pattern remains a possibility or a speculation if you will...
I am bearish right now as we have been respecting this upward channel perfectly on our way up from when I posted my long entry! I just don't see us breaking out of this to the upside and I say that because we are already in overbought conditions and I want to say this is bearish divergence, but its kind of hard to say. The impulses are a little bit choppy. But, I...
With quick impulses up like that, utilizing the one hour time frame can either make or break you here. THIS IS NOT THE TIME TO BE BUYING ALGO. The 5 wave elliot theory has played out to E already and you happen to have Class A bearish divergence on both oscillators as well as touching perfectly at the top of the geometrical resistance line. If these aren't enough...
Last impulses down have created Bullish Convergence. Not the best you want to see, but you are seeing accumulation with ATVI! You are currently above most of the important moving averages on the daily. A common retrace would be between $56.95 and $67.51 over time! That being said, on top of the bullish convergence and accumulation going on, you also happen to have...
Good evening ladies and gentlemen! Quick update, the Bullish Gartley Pattern on the larger time scales is still a possibility in the play. My last TA posted around 9200, I did state bullish divergence and convergence as well as the possibility of short term upside. We saw just that. As of now and this is just the one hour time frame, we are seeing lower levels of...
To reiterate, we are looking for bullish divergence on the daily when we hit between 8400 and 8800 price range. If you look at my previous TA on this, you'll see we have been getting extremely close to our target of entry. For the mean while, short term we are actually bullish despite dropping over a thousand dollars in value over night. We are showing lower...
I am still in belief of the potential in this pattern. It could still very well play out. You are currently forming bearish divergence on the four hour time frame among the MACD (Not the RSI yet). Prices can still run up slightly further, but I do believe the 8400-8800 range highlighted in the green rectangle would be a potential buy in area. Triple MACD Bullish...
This may sound insane at the moment, I understand! But this is a potential pattern in play. We could run to around the $8500-$8800 range as a good reentry point. This could take up to a few days to a couple of weeks before targets are hit. Here is the great side, if this pattern plays out, we are looking for a common target at the 161.8% retrace at $16,966. Just...
Potential cypher pattern is still in play! Great reentry is around 11200 to 11300 area. You really don't want to break below 11200 or 11k in that fact, but for the time being, you do have bullish Convergence on the four hour time frame! (You've created a higher low on price action, as well as a higher low on the oscillators) I adjusted the harmonic pattern a tad...
Potential Cypher pattern in play? :O Usually Point D would be where you would be exiting a long and potentially taking a short. But, I wouldn't recommend shorting unless we see bearish divergence and other coinciding variables when we reach those regions. I hope this plays out. Decent size "Bearish Pattern upon completion" but for the meanwhile we are in a bullish...
Update on Btc, I have just spotted a potential inverse head and shoulders pattern on the one hour time frame. We have bullish divergence and convergence between the 1 and 3 hour time frame (not confirmed on the four hour). A few minutes ago, I posted a TA for a possible retrace between $11,800 and $12335. Targets remain the same, although with the pattern in...
Good morning ladies and gents! Bullish divergence is starting to pick up on the larger time frames, although I will not open a position until the four hour is confirmed! For now, you have already hit one of our retrace targets at $11,800 at the .382 fib retrace, although you still could run up between $11,800 and $12,335. $12,067 being the .5 fib retrace. I am...
Good morning ladies and gents, you are currently in profit taking areas for shorts, but that being said, it doesn't mean the selling is done. We are currently seeing bullish divergence on the one hour time frame, although for now it looks to be upsloping consolidation after an impulse down (bear flag). I do not have a position open at the moment, as I am currently...