The price action on ETH vs BTC has broken the hypothetical neckline on ethereums cup and handle and we have seen a nice bullish spike up because of it...however there were other higher candle bullwicks to the left of our rojected cup which means if the price action stops here at the same height as those bullwicks and turns back downward that this is the rea...
hit in between the bull flag target and the mini cup and handle target...more upside potentially likely.
To quote Elliot Wave great Haejin Lee "Good morning, good afternoon, good evening depending on where you are at in the world." This update is switching back over to neutral even though my bias still leans towards the log side of things and I am currently still holding and laddering in when I see fit on different alts. As you can see after breaking up from the...
Just a continuation of the previous idea I was discussing on btc. I noticed that inside the bearish pattern was a hidden bullish pattern. It still needs either one more 4hr confirmation candle to close above as well or a huge surge in bull volume to confirm the breakout(whichever comes first) but hopefully if we do validate the breaklut, it will give us the...
Siacoin is one of the select few alts whose cup and handle pattern has already successfully triggered without being a fakeout. It may not have reached the full projected breakout target yet but that's because on the way there it started forming another cup and handle around the smaller cup and handle. This is much like a cup and handle fakeout can do at...
One of the select few who actually broke out along with Siacoin and Tron so far. It is taking its time casual to hit its projected targets but getting there none the less.
A bearish break down from the recent bullflag sent the price briefly plummeting and threatening to create a lower low by going under $8650 but the price was stopped just short of doing so at $8808 by the strong bounce support of the 1 week chart's tline(not shown but indicated here by the 100% fib extension). These 2 lines overlapping formed a double reinforced...
Keep in mind to the left of the cups left side of its rim is a higher candle wick which could potentially be the real rim of the cup and the cup could be deeper and have yet to have formed its rim...We will know whether or not the current neckline is the real neckline of ethereum's cup when we see large bull volume after we break the neckline within the first 3...
Ripple has just broken bullishly up out of the descending triangle it was in, and also well above its 4hr buy sell line. What's more this descending triangle may be the handle of a larger cup and handle pattern which if so would only lead to much more upside in the near future. This looks like a good entry point, but since I've been in for awhile I will simply...
Get entry point on digibyte most likely...keep in mind that there is a higher peak to the left of the cup where a deeper cups rim could form should breaking this neckline fail to initiate a big surge of bullish voluem. That would mean we would then still need to form a handle. If this is the real rim line you will know withing 2-3 4hr candlees closing above it...
Looking to the left of the cup we can't see any obvious higher points where a deeper cup could forms o there's good chances this is a legitimate cup and handle breakout...we will have to see how it behaves in the enxt couple 4hr candles to be sure but now is still a good entry point...especially if it's valid...if not you will be able to tell relatively soon by...
It's Cup & Handle Season! There have been multiple cup and handles that have formed all around the altcoin market recently in what I am going to dub as cup and handle season. I'm out hunting for valid cup and handles and while most of them this time around seems like they will eventually be validated....it is easy to get faked out by these patterns and think the...
Of all the altcoins recently, tron has been not only holding it's ground but continuing to gain ground while other big coin breakouts have already dipped back down. It exceeded it's projected breakout price target from it's cup and handle pattern days ago, and has since then almost tripled that projected breakout! It seems content on continuing to rise as well....
I know I have been analyzing a bunch of other alts recently, with it being cup and hande season and all...but let's get back to the bread & butter...the btcusd chart. As you can see we have formed another falling wedge(a bullish pattern) which happens to also be a slanted bull pennant. Both are bullish patterns and considering how close they are to the upward...
good entry point here on nano....it wille ventually break above this neckline.
Loaded up on bitshares 3 days ago and some more earlier today. Glad I did looks like it will hit its target sooner than later. Once it does I will start to ladder out profits and shift them to other alts that are on the verge of triggering...only leaving my foundational long term holding percentage of bitshares in after i've laddered out a few different levels.
Every cup and handle that's materialized across the alt market the past week or so has had its own distinct nuances in its cup and handle....Zencash's handle actually appears to be another cup and handle. So it is esentially a double cup and handle. This should help it break above the rim line o it's bigger cup and handle with more authorrity than some of the...