Price action is currently being squeezed between the 4hr buy/sell line(50ma) and the 4hr tline(8 EMA) and should shoot one way or the other soon enough. I expect a break upward even though it's currently forming a bear flag(which usually breaks down). A break below the bearflag could take us as far down as $7938 but if we go up then we could hit the neckline of...
The dip continues as the price action seems to be forming a bear flag as I had hypothesized 2 ideas ago. I have readjusted the eve trendline to rest at the bottom wick of the most recent low and see that after readjusting the trendline that it is still projected to reach the neckline around May 1st. One thing I need to mention about the pink eve trendline is that...
I need to post this to keep people from going short on my last projected price drop. While I was correct that we would fall until we hit the support of the pink eve trendline and then rebound up from there, I foolishly thought that we hadn't already broken out of the rising wedge, even though my original trendline of the rising wedge(which was drawn by the...
As I posted on my previous idea, we knew that the resistance of the rising wedge's top trendline was too strong for us not to eventually break down from the wedge, and just now in the last 4 hr candle we have confirmed that breakdown. I said in the last idea that ideally the 26th would be the most opportune time for the rising wedge to fall to and bounce up off...
P rice action is still stuck inside the 4hr charts rising wedge(in blue) and judging by how strong its top trendline's resistance is, plud the crazy coincidence of where the rising wedges trajectory crosses paths with the eve bottom trendline(in pink)'s trajectory, we have very high probability of being stuck inside this wedge all the way up the double bottom...
Just wanted to point out how precise the Bull flag projected breakout target was with where our current 1 day candle is stopping and finding resistance. No big surprise there because bull flag breakout projection targets are always pretty close but it's always fun when the price stops right smack dab at the projected target and just futher confirmation that TA...
Ethereum is the next big Crypto to break the neckline of their cup and handle pattern and it's off to the races...as you can see here the projected target of this breakout is significant and was worth me putting some of my BTC holdings into ETH during this ride. ETH is one of the premier coins/platforms in crypto and it should be a mainstay in the...
A very good sign as the 1 day candle manages to close as a bullish engulfing candle, and also finds a way to close just above the most recent 4hr bullflag. This greatly increases our odds of a bullish breakout from this flag and as you can see by the vertical dotted green line the projected breakout target should give us enough momentum to hopefully escape the...
I never thought I'd find myself posting an idea chart for crypto but I have been following all these potential cup and handle patterns forming all across the crypto market closely all day. It seems as if Bitcoin Cash and Zclassic were the first ones to trigger....meanwhile other great alts have been slowly forming their respective handles to their cups all day...
here is a zoomed out look at the possible paths btc could take right now. Either a break up out of the current bull flag which would hoist us up out of the ascending wedge pattern we are currently stuck in...or a potential break downward from the bull flag which would very likely trigger a breakdown from the ascending wedge taking us all the way down under the...
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we are getting dangerously close to the line of the blue ascending wedge and now that the we have broken under the 4hr t line but were caught by the strong support of 38.20% fib line, we can now see that the ascending wedge has morphed into a standard bull flag as I have shown here with the bright green trendlines. We were well overdue for a retracement and the...
No longer a bull pennant but instead a full on ascending triangle. It has found strong resistance at the top trendline of the triangle and needs to close above 8960 for a breakout. We have cut above the psychological resistance of 9,000 a few times now and if we can close above 9,000 and flip 9,000 from resistance to support then I belie the bull run will then...
We can see on the 4 hr chart the current bull flag has started to morph into an ascending triangle bull pennant. Probability is good it will break upward....that should trigger the cup and handle that is still in play if that cup and handle is valid....However this entire bull runs price action also appears to be trapped inside a rising wedge which are patterns...
Great upswing yesterday just as I was hoping and we are still continuing to play out this potential Eve double bottom quite perfectly. Eve bottoms have a much slower climb than traditional double bottoms and tend to fake out a lot of bears along the way with many a bear trap. We are currently consolidating with some inside bars and we are overdue for a...
We see some very encouraging signs on the 4hr and 1 day chart this morning...we had a nice bullish impulse on the last 4hr candle which shot us upward out of the bullflag all the way to the $8500 region. This surpassed the 50day MA on the 1 day chart....we have now formed a small head and shoulders pattern on the 5 minute chart however which will only be able to...
Here on the 1 week chart you can see the descending triangle pattern we have been forming since the all time high in December...I have illustrated the triangle with lavender trendlines. You can also see that are current weekly candle(which closes this sunday night) has currently broken above the triangle and will likely close above it as long as the price action...
So many reasons to be bullish right now. First and foremost, is the current bull flag we have been forming on the 1day chart. 2nd is that the projected trajectory of the eve trendline's ascending curve(in pink) continues to be validated. Third, we still haven't reached the projected breakout target of the descending triangle we broke out of(in purple) and we also...