Targets and Stop on chart
If T3 is breached and support is found above larger falling wedge,
Expect a MASSIVE upwards move.
Enjoy, trade safe, always trail your stop and take profit.
Has broken out of an ascending triangle/bullish pennant, and is currently retesting the formation to establish support.
ETHBTC is looking more interesting,
I published a video about the incoming possibility of a BTC pullback and ETH hedge.
Upon ETHBTC, symmetrical triangle breakout our targets are:
Currently down some 88% off it’s all time high, ETH is trading around $164. Since December 2018 lows, price action has consolidated into an ascending triangle, with price currently trading above the triangle. Which is typically bullish. Formations such as ascending triangles tend to retest for a pre-flight check.
But what’s currently peaking our interest...
We expect bottom to set-in within 72 hours, and for the phase 6 to complete for a new heading and direction in bitcoin, Target $10k
Want the exact trade parameters, shoot me a DM.
Swing low, followed by an initial peak.
(swing low) (initial Peak),
Gains: F1 16.5%
Duration: F1 52hours
There's a short squeeze brewing, all the bulls know it.
Perma Bears are still shorting. What's the big picture trade?
Well, our previous long entry at $6040 for the squeeze was viable and currently still in profits.
A hedge Short was opened at $7370
Analysis of the previous squeeze occurring on 4/7 demonstrates a possible fractal in 6 phases:
This is an analysis of BTCUSD SHORTS vs BTC
Today's lesson we will attempt to understand, where Smart Money shorts, and conversely where DUMB Money shorts.
This is somewhat satire, and should be taken with a light heart. If you are in either category I'm not here to offend you, nor to compliment you.
Except, if you Short Sold the top of every rally, aka Smart...
Gold appears to have failed at the previous pennant,
The lack of a rally after a pennant that size has me thinking in terms of "what's a better hedge?"
Definitely range bound, and headed to 1056 Before a possible long entry.
Monthly candle could turn into a Dragonfly Doji, too soon to tell.
Both the SPY and BTC started the year with a corrective downturn.
SPY was quick to bounce back, and currently is near previous ATH levels.
SPY achieved a double bottom, and was able to rebound to the upside without filling the low volume VPVR node.
We're currently observing somewhat of an inverse correlation relationship between the two charts.
The SPY is...
Short interest is growing parabolic, and Bitcoin's price isn't making lower lows,
While market dynamics mimic November 2017, in terms of Market Cap and BTC Dominance.
Historically, the last 3 times short sellers overtook longs in terms of %,
Bitcoin squeezed shorts, and went on a rally.
I believe history is about to repeat itself!
Falling wedge on LTC/USD Daily Chart,
-Falling wedge indicates, Bullish Reversal, LTC going Uppity UPP
ADX at a trough, suggesting downtrend is close to the bottom,
Pitchfan resistance puts next price pivot in the 160$ USD range,
Classical charting method;
Falling wedge, a reversal formation highly visible on all time frames. Price has broken above the wedge on all exchanges.
RSI is finding support in the 37 range, and currently pointed upwards on the 1 Day chart.
Last falling wedge resulted in a 50% increase of 26 days. And it took the market 5 days to show momentum after the price...
I see a "failure swing" on the 12 hr chart, and BTC is currently trading above the previous downtrend.
Definition of a failure swing:
"Specific type of breakout from an overbought or oversold zone, First sign of a potential reversal after a lengthy trend. Occurs when an Oscillator breaks up from the oversold zone, creates a reversal point, pulls back, but fails...
I see XZC setting up for a rocket into orbit
There's a lot converging on this chart.
Proprietary analysis aside;
DMI: ADX is primed for a good run, currently at 24 with 2 previous breakouts at this level.
Bollinger Bands: constricted at current price action, indicating a big price change is coming.
MACD: Daily chart MACD looks ripe.
I set 2 green target...