Does this chart look familiar? its because this same pattern is repeating right now since bitcoin topped 20k. the fib ratios line up quite nicely and they look pretty much the same from a visual standpoint. This specific pattern has repeated before already as well if you search even further back into the chart. Was bitcoin in a bubble? yes most defenetly. But...
ENJ breeakthrough after consolidation period. look for long
ACB flat-lined a bit as described in the post linked below. making a small consolidation and is now starting a retreat to a hopefully oversold price (maybe sub $7.00 hopefully). I want to draw attention to the big head and shoulders pattern that has formed. If the price were to break under $5 Id be very worried for the long term outlook for this stock. That...
BTC has bounced nicely from 6k but the masses are already getting excited and pushing this into a parabolic climb that seems to be capping out slowly (RSi and OBV showing signs of fatigue). Dont get stuck buying at 10k when the max it could still go could be 11k maybe. Then it will most likely retrace to 8 or 9k shortly
look for breakthrough, go long first target at 11000, second at 12500. If breakdown go short. pick back up around 65-75.
LTC making a solid climb out of the recent correction the market has undergone. That being said it cant grow like this for much longer before it gets corrected again. Here are two possible scenarios. If there is a fourth wave, look at volume for signs of weakness showing dumb money fomo'ing in marking the very top of the ascension.
Short term signals are very bullish still, look for breakout above downward trend for confirmation. If you look at 1 min graph you will see big spikes in volume/ This is smart money getting in on the way down. Not to mention the big green candles that are appearing with short red ones followed by a big green one again, good sign that it will reverse upwards.
LEAF has been rebounding since it hit a low after all time high at 24% fib. Now its in the butterzone for another retrace, especially for how fast its gone up, will make for a good buying opportunity. Short for now, pick up between 16 and 17$
BTC refusing to complete the head and shoulders pattern i described in an earlier post and has continued into symmetrical continuation triangles inside asceding triangle with heavy volume breakout above 9k, whil it could still possibly retest lower region, the odds of it dipping under 7-8k are extremely low. Cryptocurrency bullmarket is upon us again!
WEED has been in a downfall since the bubble burst on pretty much every weed stock there is. Now it how made a consolidation pattern and is shortening its price range. In the coming days we will see where it breaks and what this will be able to tell us about possible future outcomes. A lot of people think that bubbles are a bad thing. But they show that the...
DGD did this exact same pattern when it hit one of its ATH's. This kind of oscillation is exponential which means that if im rcorrect about this, it will grow disproportionately and then collapse, (a small bubble if you will). Watch for the break above this consolidation pattern and it will fly very high. If it breaks down below the lower consolidation line look...
ETC breakout from consolidation forming symmetrical continuation triangles. and an inverse head and shoulders with strong volume still. Look for bullish pullback and bounce at previous breakout level, thats where i would make my entry (37500 satoshi)
XRP lookinf very nice as well. One big pump already with a nice consolidawtion at 50% fib while bouncing at 78% abd 62% as well. If it breaks above 128, it will go to 15k potentially.
BLZ looking bullish again shorterm with btc refusing a head and shoulders and possibly breaking out. Meanwhile, if BLZ is capable of breaking over 8400 level momentum will carry it higher
BTC showing more bearish signals with the formation of a head and shoulders pattern. This coupled with the failed ascending triangle (see posts below) that turned into a rising wedge with a triple top in the 2 hour chart. Looks like its due for another slide. My midterm target for BTC is for it to retest 6k again. The correction is not over in my opinion. Just...
The title describes it perfectly. Well see what hap=pens but im thinking a retest of 6 in the next weeks.
BTC made ascending continutation triangles yesterday with a nice breakout. However the breakout failed and turned into a triple top and returning to trade within the triangle range. Now it is bouncing off bottom trendline and could break down. If this happens it could signal another btc slide
BTC making bullish continuation ascending triangles. Go long till 9.5-10k