As you can see we recently broke (as expected) to the upside of the falling wedge and then to the downside of the ascending wedge. We now find ourselves trading within a symmetrical triangle pattern. Given these are a continuation pattern and we find ourselves in a clear downtrend; a break to the downside based on the height of the symmetrical triangle - will...
I hope you got onto my previous successful ADA vs BTC trade from April. Here is the next set up I see coming. We are getting close to the apex of a large triangle pattern – looking set to go up in about 4-5 days time. I don’t think the 23.6% Fib will provide any resistance. The 4100 resistance will provide some decent resistance from which we are likely to...
We are now trading within a descending wedge reversal pattern. We have pierced through the March low which is not a great sign, however a break to the upside of the descending wedge should take us to around 7400. We desperately need this to occur within the next 2 candles. Else we fall to the downside of the wedge then the next stop is around 6000 which is the Feb...
Currently within the small ascending dotted wedge. We still have some growth ahead of us (up to around 10.50) before we break to downside which is likely to occur around full year results announcement (16th of August). When we break downwards we will bounce back up off the support around 9.50 to retest the breakout level as resistance (around 10.25). We will then...
So I was just playing around with historical patterns and looking at what a potential break to the down side of the dotted descending triangle might look like... if this down break occurs it could be fairly catastrophic (if we fall equivalent to the height of the triangle) and take us all the way down to 3670ish and send us into at least a year of consolidation...
Hey All, welcome to my newest no fuss analysis on Cardano! As always, let's get straight into it: The MACD has recently crossed over bullish, though there is not a lot of momentum at this stage. Volume has increased recently, but not enough to really support that this is a strong reversal into an uptrend. Accumulation Distribution remains high and is slightly...
Bullish divergence between A/D and price trend and some massive buy orders a week ago hints that we are nearly done retracing. It looks like we definitely found a bottom on 20th of April, though I think we will retest it and form a double bottom reversal before our next bull run. Some additional points - We have already tested the 23.6% Fib multiple times and...
We are really just in a large bull pennant. Within this bull pennant we have seen a repetitive 'M' pattern with the neck line forming the tops of the subsequent smaller 'M'. If this pattern repeats one more time then we will see a break to the upside of the bull pennant to start us on our merry way back up (drawn in green). On a side note we may already been...
Hi All, So VEN VS BTC has had a nice cup and handle forming since around the 25th of Feb. Unfortunately data for this pairing on TV only goes back as far as mid May; however I have used Coinigy to confirm the pattern and have added it in just so you can see where it approximately sits in the scheme of things. I have measured the height and subsequent target on a...
Hey, so here is my amended update on the long term outlook for BTC vs USD. As you can see, I have amended my projections to consider the height of the break out of the symmetrical triangle (expected to occur around 17th of June) which has shifted things a little bit from my original analysis on the 'Law of 6's'. Once we break out we will hit some resistance...
So, some say the law has been broken (breaking the law and all is cool, however the law still remains!) - and I disagree. My head and shoulders pattern may have been broken, however this latest move just puts us into an ascending channel which will likely result in a down break (90%+ of the time follow the latest trend - which equals down in this case!) to the...
Ok, so if you followed my last analysis on Bitcoin vs USD and the Law of 6's - well here is the update. Looking at the 1 hour, 4 hour, daily (take your pick - though I have chosen the one hour for this one!) log chart - you will see that my predictions so far have been correct. In my last update I said quote: "As you can see we have found resistance once again...
Looking at BTC vs USD on the daily log chart do you notice anything interesting? If it's not that clear I will point if out... Since the 6th of January, the 6th of each month has been the pivot point for alternating high and lows... What does this mean? Well, if this trend continues it is likely we will find our next bottom on the 6th of March around 7100 before...
I really can't be f'ed going into the technical details on this, however it is a pattern that I noticed is potentially forming on the daily and four hour log charts. If we break out of the small falling wedge we are currently trading within, with supporting volume as confirmation; then we should see a ride up to the strong resistance at the 38.2% Fib (approx...
On the weekly log chart... looking set to possibly test 7850 support level, if that fails we have the 52 week EMA and bottom of up trend channel just below that at around 7400. Should find good support here if we go this low. We would then be looking for a bounce up to test the 23.6% Fib levels resistance. If we can break through both it and the 13 week EMA...
XMR vs Bitcoin! So on the daily log we have just recently completed a three outside down bearish candlestick pattern, followed by a single long upper shadow bearish candle as of yesterdays close. These are both bearish candlestick patterns. The MACD is still trending above the signal line, though at the time of writing momentum is falling and we are looking like...
Hello and welcome to TenX (PAY) vs Bitcoin PAY broke out of its down trend back on 01/04/2018. We have since been in an uptrend, however we haven’t seen the gains that a lot of other Altcoins have enjoyed. This could be about to change… Why does this means things are about to change? Good question… well as you can see, we have formed a symmetrical triangle...
OK so after a short break spending some quality time with the wife and the little one (as well as working on my motorbike at nights) – I am back! Let’s have a look at POWR vs BTC on the one hour log chart to see what we find! POWR finally broke out of its three month down trend channel (dashed black line) around the 11th of April and has since been trading...