DavidJDM

DavidJDM

Looks like we are running into resistance and also looks like we have a bearish divergence on the 1hr chart. I would not be surprised if we had a pullback here. We could possibly pull back to the .5 fib level creating a right shoulder for an inverse head & shoulders.

DavidJDM

Okay, so I used to think that harmonics need to hit the exact fib levels, but apparently it is the range that makes it valid. Could this possibly be a bearish crab? It seems like the fib levels match up and the upper target has to be at the 1.618 fib level which puts the reversal at 49k. This the first time that I use a harmonic in an idea so take it with a grain...

DavidJDM Updated 

Okay, so it looks like we broke the bearish parabolic curve and ran into resistance above. It looks like ETH is making a turn around. I put some of the possibilities I think are possible and where it could bounce. It could retest lower levels but it should recover. Parabolic curves usually retrace 50% - 78% so we should see higher levels soon. On the way up, I...

DavidJDM

If we get above this trendline, it should be a solid trade to take

DavidJDM Updated 

Looks like we are creating something similar to an ascending triangle. You could take a risk and long on the FIB levels but waiting for confirmation would be nice too. Wait for it to break the trendline because if we never reach the trendline, it will retest lower levels I think.

DavidJDM

This coin has a solid community behind it. The real coin is on Uniswap ethereum version. Just listed on CoinMarketCap and the liquidity is locked for half a year or so. Should explode quickly. Focused on Jeju Island in korea.

DavidJDM Updated 

Looks pretty oversold and it bounced on a major long term trend line. I do think that we bounce back at least to retrace (fib levels). A lot also depends on ETH so watch that chart. If ETH dumps more, doge will as well. But I do think up is higher than down right now.

DavidJDM Updated 

This inverse head & shoulders seems very possible. Someone came in and bought a lot of BTC. I think trying to buy at the fib levels would be smart with the right risk management though.

DavidJDM

Here are a couple of possibilities We might pump from here or come down to retest lower levels and then bounce back creating an inverse head & shoulders. If we do dip a bit, I would wait for confirmation of the inverse head & shoulders because it could easily reverse and dump.

DavidJDM

Could 28k be the bottom? I mean, china usually bans BTC and then it pumps after that There is a lot of FUD and many people are expecting a 20k btc. Is it possible that china and the whales have already started buying btc back up? Now to TA: A lot of short term bullish indicators We broke out of a falling broadening wedge which was caused by an inverse head &...

DavidJDM

Looks like we have a bullish divergence on the daily chart

DavidJDM Updated 

Looks like we have an inverse head & shoulders with 2 nested bull flags. I hope the lines make sense but it looks like a solid trade. You could use fib levels and wait for a dip but I think that we have a solid chance of going straight up from here.

DavidJDM Updated 

Looks like we want to retest the inverse head & shoulders but we might dip below the trendline. If we do dip below, I would watch for a rejection off of the trendline on the way back up. Could get rejected but I do think that we have a good chance of it breaking upwards.

DavidJDM Updated 

Lol this could be possible but I doubt it. There is a high change of us dumping quickly to the 20k -25k range but we did just start finding some support which could make a possible inverse head and shoulders (more of a channel tbh). Or we retrace to the fib levels and create a smaller shoulder actually causing us to dump.

DavidJDM Updated 

Long term I am bullish on crypto but it looks like we have a bearish parabola. From here I think that we have two options. We will either dump more until we find support. I think one of the first spots is the long term trend line which is around $1800. But if we break out of this parabola, parabolas usually retrace 50% or even up to 78%. So the fib levels are the...

DavidJDM Updated 

Looks like we are in a bullish falling wedge (or maybe even a bull flag) which should take us to the top trendline completing the triangle. The triangle has a target of 2.2T which is a 40% move up from where we are now. It looks like crypto wants to recover. We just might not go down to a 20k bitcoin like many people are waiting for. Again, things change but this...

DavidJDM Updated 

Earlier today, I posted a 'big picture' analysis for this chart. I decided to zoom in to see what is happening inside. It looks like we are creating an inverse head & shoulders. The bottom of the right shoulder should be at the bottom of the falling wedge. I mean, you don't make this stuff up. Sometimes I am amazed by how this stuff works. Looks pretty bullish in...

DavidJDM Updated 

I think that we could get a bounce here off of the falling wedge retest. We might break that trendline or get reject and come down to the black box. Seems like there is a lot of support there. If we break that, we will definitely test much lower levels.