Based on the previous candle patterns shown here, i expect a bullish engulfing weekly candle pattern this week with a target over 43k. A sharp pullback is likely to follow.
Once we hit 43k, im very leery of a quick pullback. This is a great opportunity for volatility, but not for the faint of heart. if this plays out, it can give us a strong diamond pattern bottom for a bullish reversal. all this is speculation & brainstorming what i have on my radar...ONLY.
H&S measured move has been met and we are beginning to bounce. There's a good chance to make a bottom at 34k and if we do, this is what it could look like. 4HR
H&S measured move has been met and we are beginning to bounce. There's a good chance to make a bottom at 34k and if we do, this is what it could look like.
USDT.D - Now that we are here, I expect we will range here for a bit, between the 618 and 716 lines as the top is tested before we drop. Dropping on USDT.D, of course implies gaining on Crypto Mkt Cap in general. AKA...rally. Once we get a solid breakout on the diagonal, we should be green again.
There's a lot of TA confluence happening on this 15m chart. BTC just formed an inverse H&S and a Double Bottom pattern at the 35k level. This is NOT enough to carry up back to being full-on bullish, but I do think it is enough for a bounce. Let me explain. iH&S - measured move for this should take us up over 37k, above my gray Supply/Demand region. This will...
BTC DAILY. BTC has one more drop to complete this weekend to complete this consolidation wedge. This dip should stop around 39,650, otherwise the double bottom formed could be invalidated. As long as BTC bounces at this level, we should be bullish again, given all these indications pulling upward.
BTC 1 HR dip to rip idea. BTC has one more drop to complete this weekend to complete this consolidation wedge.
The bearish outlook for BTC. In my opinion, the projections below 40k are difficult to justify. DYODD.
BTC - the bullish argument on the daily chart. I will be posting a bearish version as well.
BTC has formed an inverse H&S and should be heading back toward the 100SMMA. My profit targets are 47,900 and 49,300 respectively.
Two versions utilizing different bounce points...should be interesting as we see the FEAR index peg! DYODD. NFA.
KSM looks setup for a 100+ bounce from that shakeout. DYODD. NFA.
BullFlag target has us going up to 52k on the next drive, but there is a lot of REZ to get through for that to happen. We could blast straight through, as it will be EW #3, or we could get turned around by the REZ....stay nimble and alert, IMO!
Based on previous data comparing Dominance charts and ETH/BTC ...I'm pretty sure we will see over $4k ETH rather quickly. DYODD. NFA .
Did SOL actually breakout of it's down trend...? DYODD. NFA.
Looks like we have broken out of consolidation and have established an uptrend. DYODD. NFA.
Pretty straight forward. Discussion welcome. DYODD. NFA.