I see a great opportunity here for a short position. a lot of coins look to be forming H&S patterns but none have been confirmed yet. This looks to be a very solid formation in terms of symmetry. We also have a descending triangle forming it seems, which can help with the drop.
This is a trade I am looking to take here. although we can shoot up here, the R:R is...
This entire move up could be an impulse and we're finish up wave 3 right now... or this could be a corrective ABC bounce and we're likely finishing the entire move and going for a new bear market low.Theres so many cases for both sides and IDK what to chose. the good thing for me is IF I am right about this. both C and 3 would start falling at the same time......
H&S maybe in play to take this to one more push down. im seeing a Flat ABC so we may stop around YELLOW A. then start moving up. this is also the area for the minimum target on the H&S. this will also complete 5 waves down to complete the large yellow ABC Flat correction.
lets see what happens
Looks like we have some more downwards movement to go... seeing a symmetrical triangle that will most likely lead to another leg down. I see this all as wave A out of the ABC (YELLOW) sequence. If this is so, we should see some type of bounce upwards probably on Monday, before we continue downwards more.
looking to short here if I am online at the time,...
ABC down, looks like A is a descending triangle with one more slight leg down for small wave 5.
Next up would be the ABC up to make the larger B
Lastly we should see an impulse down in 5 waves to create larger C.
Very similar to secondly lol... in fact no difference other than the H&S and A being complete already
Thanks for viewing! lmk what you think below. What...
simple ABC correction could be on the table.
The way things line up, this could be a Head And shoulders pattern if we bounce up for a .618 Retracement. That would an ideal place to create the right shoulder. This would be the BLUE ABC move and if so, would be followed by a 5 wave impulse downwards for PURPLE C.
I will have all of these posted on my telegram...
taking 50% of my short off here... cant get a full 5 wave count on this but assuming 5 waves are in, ill take some off and maybe add mre at the .618
the main goal is to make money. So im happy closing shorts here
if we go down more, ill just wait for a pullback, short and ride the rest down.
I dont think were done this is just to take some off incase we are done :)
XRP/BTC is going to POP!
XRP/USD is going to POP!
And I decided to check XRP/ETH and WOW!
A cup and handle that has been forming got over a year?!
WTF is this?!?
+ We are about to hit the .618 Fib to finish this handle!
more implications that we are about to go up BIG TIME!
I would love for all of you to upvote this and come join my channel! :)
fractal analysis... you guys probably think im crazy lol
but take a look at this.
both had a handle after about 30-35% increases from bottom of rounded formation.. both have a ascending triangle looking in the middle (RED) between adam and eve...
call me crazy, this may not work lol... BUT, I personally see a great opportunity to make some good gains.
every one of these chart patterns where predictable and played out exactly how they are supposed too.
the % one would make by simply learning how to chart is amazing!
I made a lot of these calls personally and its just amazing and mind blowing how simple things can look from far away... but if someone was to stick to a 4 hour chart and only trade when they see a...
this looks really good. its a quick analysis, if you follow me you will see my more detailed analysis on a higher TF.
this looks like an descending triangle which would break upwards if we can see it hit E
it can also break up earlier but to be safe, a Purchase in the green zone will help. SL and TP are posted on my telegram channel. comment below if you're...
ETC has shot out of the same pattern every coin seems to be showing. an ascending triangle. if this is in fact a new bull market these white waves 1-5 are in play. If that is so, then we appear to be on blue wave 3/4 of white wave 3.
so far things are looking very good and as stated on my telegram channel, as long as we hold the white upper line of that ascending...
Raven-coin is very interesting in the sense that it has already broken out of the bear market. it has avoided the pulldown of BTC unlike most other coins. I see this as being almost done with wave 3 already and if so we have one last white eave up, then a mandatory correction which I have shown as wave 4 BLUE.
this is an amazing sight to see! i will be paying...
XLM has shown a very nice head and shoulders bottom that seem to be in its final stages. we can shoot up from here or go down a little. This pattern is a reversal pattern on a daily degree that can shoot this coin back into fame again. I placed a area for wave 3 to end which is where the minimum target for the H&S pattern is set to reach. But, I think we have good...
DGB looks good. noticed the Adam and EVE bottom that has formed and started out break out already!
This is a very bullish pattern and should have a lot more left!
I belive we have bottomed and whayt would signify this even more is if we can shoot up and finish a 5 wave impulse. from there we should see a mandatory correction and then we will continue to new ATH!...
Bancor is looking like a Snack!
you cant ignore that pattern man... you just cant. ascending triangle/Adam and Eve/Cup and handle...
I took off the wicks under settings to get a clean picture of this one. but no real difference. just a technique I like to use sometimes.
this has to pop basically. the 50 and 100 Day MA just crossed like 4 days ago. the pattern...
bch/btc maybe done. pierced the .382 fib 2x and bounced... very bullish coins like this may not need to go lower. not too many ppl sold or took profits, holding to make better gains. we could #moonsoon lol
although I do have a tendency for jumping the gun and getting burnt by viewing a correction as finished when infact it was just getting started! lmao