DrWu

DrWu

Cup and handle pattern try to break back to falling wedge The current trend we can see that the BTC just got out the EMA ribbon consolidation zone. BTC found support at the bottom of the ascending channel, and forming a cup and handle pattern. At present, we can see that the BTC has completed the cup type, and is preparing to construct the the handle now. If the...

DrWu

From the previous article, XRP forms a 4H TF ascending channel. The previous article mentioned that XRP tries to break through the weekly resistance, and failed. XRP comes to the lower edge of the ascending channel. It is also the lowest edge of the EMA ribbon. Getting support at the meet-up point of trend line and Ema ribbon, where we have recommended to open...

DrWu

In the previous article, we mentioned the BTCUSD daily TF hidden inverse head and shoulder pattern. Since the right shoulder is not constructed, the pattern is invalid. The current trend, we can found that the BTC have left the EMA ribbon 4H consolidation zone. And earlier fell to the key support Fibonacci 0.382 8117.46 support, forming a falling wedge pattern,...

DrWu

After XRP dropped sharply after 9/25, it continues to form an ascending channel. At an earlier time, today XRP broke through the weekly Fibonacci resistance 0.236 0.28312, and failed to break the weekly pressure of 0.236. After that, XRP will have the opportunity to come to the support of the 4H Fibonacci 0.786 0.27328, and try to break after the...

DrWu

In the previous article, we mentioned the BTCUSD daily TF hidden inverse head and shoulder pattern. We have recognized the inverse head and shoulder because the drop has reached the point of satisfaction, and the W bottom reversal pattern has come out previous. The current trend can be found in the BTC consolidating in the 4H TF EMA ribbon. And earlier broke the...

DrWu

In the previous article, we have mentioned that the BTC broke through the downward trend line of the falling wedge, back to falling wedge pattern. Earlier this day, BTC continued to try to break the resistance of the daily 200 ma, and failed to break through. Now, we can see the BTC is trying to build inverse head and shoulder, building a right shoulder and...

DrWu

Btc on the October 9th broke above the trend line on falling wedge, back to the falling wedge. Encountered the 200ma pressure on the daily time frame. Currently, daily 200ma acted as pressure. Recommended that the investors can enter the market after breaking the daily 200ma. Daily 50ma and the upper trend line of falling wedge, 9416 acted as strong pressure,...

DrWu

BTC M15 head and shoulders bottom formation After BTC consolidating for a few days, repeating, testing support zone, forming the head and shoulder pattern in M15, BTC double testing support zone 7700, and get supported at 7700, forming the head and shoulder pattern and break through the neckline and face the first pressure level of 8300. After BTC retrace back...

DrWu

BTC find support on daily time frame. A ascending triangle attempting to break above the Fibonacci resistance of 8450. At present, Bitcoin find support at the daily EMA 200. The short-term support are strong. The current trend line support really good. We can set some of long position near the trend line, and will meet the M15 EMA 200 resistance. After the...

DrWu

BTC break through the daily symmetrical triangle, can we call here the bottom? BTC breaks through the big daily triangle at 2 a.m, and touched the key support of 9323. You can find that this support has been repeatedly tested three times before. The same support is tested several time tend to break through. At 2 o'clock in the morning, the BTC broke the support...

DrWu

Yesterday, at 10 o'clock in the evening, BTC broke out the H1 convergence triangle with volume, found support zone in the 9709 region, tried to return to the H1 symmetrical triangle , but failed, continued to bumping to the lower edge of the daily symmetrical triangle, at 9620 trend line support. H1 Fibonacci's support pressure level: Upper pressure 9948, 10142,...