David_Starsky

David_Starsky Updated 

Weekly reversal candlestick confirmed, equilibrium is forming. My primary price target is 7200 but if the bullish momentum continues we can target 7500 level. Possible break of the equilibrium at the end of September.

David_Starsky

Weekly downtrend but reversal candlestick is forming, bullish sign Daily inside bar is forming, watch break for direction, decreasing, low volume, watch volume spike, possible daily bull MACD cross 4H double top, inside bar is forming, watch break for direction, 12-26MA are holding at the moment, watch candlestick close, decreasing, low volume, watch volume...

David_Starsky

The cup and handle is both a continuation and a reversal pattern. The reversal pattern marks the end of a downtrend, and shows the price transitioning into an uptrend. www.investopedia.com

David_Starsky

An inside bar formed on the BTC, ETH and LTC 4H USD charts. It could be the catalyst of the continuation towards 8600 or a hoped-for correction.

David_Starsky

High wave candlesticks portray situations where the market is having difficulty coming to a consensus on a security's value. They are indicative of a market in which uncertainty and indecision prevail. Neither the buyers nor the sellers have a clear sense of which direction the market will head. The forces of supply and demand are equally balanced. ...

David_Starsky

This pattern is identified when the price action of a security meets the following characteristics: 1. The price falls to a trough and then rises; 2. The price falls below the former trough and then rises again; 3. Finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance...

David_Starsky Updated 

Interesting to see how this 4H inside bar bear break played out, especially when you zoom into shorter time frames. Overbought (close to) RSI and MACD bear cross on the 1H chart.

David_Starsky

Moving average convergence divergence (MACD) indicators can be interpreted using three different methods: 1. Crossovers 2. Divergence 3. Dramatic Rise www.investopedia.com

David_Starsky

This pattern is comprised of three component parts: 1. After a long bullish trend, the price rises to a peak and subsequently declines to form a trough 2. The price rises again to form a second high substantially above the initial peak and declines again 3. The price rises a third time, but only to the level of the first peak, before declining once more ...

David_Starsky

Double bottom and a series of lower highs. The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. www.investopedia.com