On the 4HR chart, we can see that BTC double bottomed at $55,670, which shows us that the bulls are holding this zone in the short term. If it continues to hold, then I'd expect to retest resistances as charted above. If local support fails, then I'd expect $51K - $54K. This is not financial advice. These are just my ideas and opinions.
BTC might be forming an inverse H&S pattern on the 4HR chart, depending on how this right shoulder plays out. If it manages to go sideways and break through the neckline, then this pattern is confirmed. If the right shoulder falls lower, then I expect $51K - $54K to be the next zone. This is not financial advice. These are just my ideas and opinions.
Falling wedges everywhere in this market! These are buying opportunities, in my opinion. IOTX just tapped the .786, which is approximately a 50% correction from $.44 to $.21. I believe if IOTX can pass the main resistance line as charted above, then this could fly to $.50+ This is not financial advice. These are just my ideas and opinions.
After bottoming out around $.15 with a breakout to $.44, IOTX has seen another massive 181% pump in just two days. Now that it's correcting in this falling wedge pattern, I'm looking at two possible areas of re-entry. It tapped the .618 on the micro fib at $.265. It's also possible to drop to the lower $.20's, although less likely in my opinion. Keep an eye on...
I would not be surprised if JASMY gets a reversal soon. The falling wedge keeps getting tighter, which USUALLY triggers a run up in the near future. If the lower trend lines fails, then it is still possible for it to tap the .786 around $.10, but it may not necessarily hit it. This is not financial advice. These are just my ideas and opinions.
MATIC double topped at around $2.20, causing a retrace of about 20% from the top. It is currently in a falling wedge and needs to break the top trend line for a bullish reversal. Watch these two support zones for an entry opportunity. This is not financial advice. These are just my ideas and opinions.
BTC tapped the support zone just below $60K. RSI on the 4HR is heavily oversold. This is a buying opportunity before the next leg up. This is not financial advice. These are just my thoughts and opinions.
For those of you who followed my IOTX post from November 8th, you will notice that JASMY is forming a similar falling wedge pattern as IOTX did. Here is my IOTX post from November 8th so you can see what I'm talking about: This is not financial advice. These are just my ideas and opinions.
JASMY pumped 767% from bottom to top in 25 days. It is now correcting in a falling wedge near the .618 fib level, and POSSIBLY the .786. Keep an eye on these zones for entry. This is not financial advice. These are just my thoughts and opinions.
First of all, it's important to note that the Binance and Coinbase charts have different prices, in case you were wondering why the highest price is showing as $.49. As we can see, after a massive 790% pump between 10/27 - 11/4, IOTX has retraced almost near the .786 fib level. I believe we are coming close to finding a bottom soon before heading back up...
After a massive 600% pump between 10/26 - 10/30, MANA has retraced and tapped the .618 perfectly at $2.34. Bullish Scenario: Consolidate in the current range and break above the downward trend line as shown above. Bearish Scenario: Break below the .618 and test the .786. I would think the bullish scenario is more likely to play out, considering the flow of...
Based on the recent massive bull pennant that just broke out, the next leg up could be about a 43% gain (if we take the length of the recent flag pole and add it to the breakout zone). This is not financial advice. These are just my ideas and opinions.
Currently, SHIB is holding local support between .00005447 - .00005630 A break above .00006 could trigger another rally. If support fails, then watch for the .618 fib around .000050. This is not financial advice. These are just my ideas and opinions.
After a nice run up from sub $3 up to a local high of $5.70, we can see that CRV is now accumulating in the low $4 region. If this support zone holds, then I'd expect a nice leg up in the next few weeks. If it dumps below the support zone, this idea is delayed. This is not financial advice. These are just my ideas and opinions.
SHIB is forming a falling wedge pattern (bullish). It retraced to the .618 which could be a good accumulation zone. If that fails, then watch the .786. Be cautious trading this asset due its wild volatility. This is not financial advice. These are just my ideas and opinions.
H&S broke through the neckline (right chart) with a bear pennant on the 15min. (left chart). I sold around $64K and am looking to re-enter somewhere between $52K - $58K before the next leg up. Always use caution and risk management in trading. This is not financial advice. These are just my ideas and opinions.
1HR BTC charts side-by-side with two possible patterns that I'm seeing. Left Chart: Cup & Handle Right Chart: Inverse H&S Leave a comment below and let us know your thoughts and opinions!
I wanted to post the current chart of FORTH and show a comparison to FILECOIN (back when I bought FILECOIN at $23). Obviously they are two completely different assets, but the coiling pattern will most likely react the same. It is just a matter of time...