How I see this Gem. Short-term bullish as the price will likely retest 12250.00.
Targeting 12500.00 is possible. (lower TF) Waiting for a short will get a bigger slice of the pie. (in my view)
I'm waiting on supporting price action which will be another week away yet. Why does the target seem so far away? This is a bearish long-term projection. A mid-term bullish ...
Multiple patterns can be seen again, each incomplete. A break of 1.1700 may give a temp' short option.
A break of 1.18000 may give us the option to long if either has conviction. However it is not yet clear, so the direction to take would be to wait.
Sometimes the best action to take is the one you do not. Of course, there are strategies to win in either case ...
Patterns are of course open to interpretation, it's an individual thing. When combined with price action and some basic
tools. You may find multiple aspects of confluence.
There are many here, the underlying tone at this time is bearish.
News may change the outcome temporarily.
There's so much news telling us that BTC is about to take off and you should buy.
Remove the label and analyze your chart.
BTCusd- chart indicates a bearish sentiment.
As bullish as all altcoins appear to be at the moment, everything will change if BTC takes a swan drive.
And the pattern and supporting price action indicated lower lows are likely. There is strong ...
I hear you, WTH right?
Zcash, an established privacy cryptocurrency providing increased privacy. It's less than 2 years old.
Still a baby in the market place.
The Zcash chart is indicate to me, in regards to pattern formations that we have formed a C&H within a
much larger C&H, not to mention yet another inverted H&S within that. The potential is staggering!
We have BCH breaking out and consolidating. There are multiple patterns and supporting price action at many levels.
Zooming out on the daily again presents a very strong case to acquire and HODL
I have labeled basics to paint a picture for you. Research BCH and analyze your risk.
Regardless of recent bad news, remember BCH transactions are faster and cheaper than ...
DASH - Did you forget about dash?
Many believe that older altcoins have had their day, and there's nothing left in them, nothing could be further from the truth.
If you prefer to buy and hold consider dash after your own research and risk analysis. I'll keep short and simple.
Here is a daily chart giving us an inverted Cup & Handle pattern.
Long term potential ...
Price action within patterns and patterns within patterns. What is going on?
The market sentiment is 'confusion'. We are in a bull market. The majority of patterns seen in the cryptocurrency markets are extremely bullish.
Patterns are not ever neat and tidy. And are completed subjective. A declining Cup & Handle on the daily chart is amongst many other patterns ...
Mid term rally ?
I see that BTC is turning, I see that volume was high, I see that it wasn't natural. I expect further lows.
This is a midterm rally. As further lows on btc are likey. So this inverted H&S may fail. I could be wrong. It does not seem right for now. Follow the trend for NOW. Taking small snips at the market.
Or for the long term, buy and hold. ...
What did I mean by that title?
Maybe I'm looking at too many charts or maybe all the charts are telling me it's time to buy up!
Here is another H&S formation. You could buy in the noise on 5min charts or kick back and HODL
Zooming out to view the big picture. While the majority are waiting for the bull run,
it may be wise to get in before the crowd. Iota looking bullish to me, with a short term x1 (July?) and long term 400% gain likey
Of course in my view. Further lows may be likely in the short term. ' On Sale now'.
It's a confusing time in the markets at the moment. So stepping back and zooming out removes the noise and often gives me a better view.
XRP is looking like a great buy to me. With the potential to x1 in the short term and x6 plus in the long term. The product is strong, but do
your own analysis of Ripple. An inverted head and shoulders gives us a potential ...
The market is giving us mixed signals. For example. IOTA has formed a head and shoulders pattern which for many is reason enough to sell off IOTA. Although the expanding diagonal pattern within, indicates that sellers are not so sure
and buyers are not yet ready. A break of resistance may give us a very nice short term rally.
While looking at BTC. We see a ...
ADA being to top pattern and BTC being below it. Keeping the chart as simple as possible.
ADA has formed a classic head and shoulders pattern. Textbooks tell us to short the breakout, with a target equal to the top of the head to the neckline.
In this case we may be looking at a retest of a major low ( redline, support ) However btc is the driver of crypto. ...
Separating chart patterns to identify trade opportunities?
People tell me it's incorrect to analyse btc with any other altcoin in a separate manner.
Usually one would look at btcusd as one pair. Here is BTCGBP with BTCUSD in the background.
BTC looking about as bullish as a pair of wet socks. It's in a converging diagonal pattern, D1. And it looks way to early to ...
Using simple Fibs to look for entries and exits. The trend is not your friend, the news is your friend, well at times anyway.
It's best to look at both fundamentals and technicals. Humans are driven by fundamentals governed by emotion.
Those emotions lead to trading decisions. Thus they forget the last sentence within a flash.
Take Facebook's brush with the law, ...
Tron looks strong in continuing it's rally, depending on btc's lead.
Looking bullish while looking bearish at the same time. Buyer sentiment is not apparent and a failure at .00012000 may give a H&S pattern and a short opportunity to retest the break out at .0006000.
A double bottom at .00012000 would give us reason to look for long entry to target .00016000 or ...