Been on a long break from trading since I don't like trading bear markets, but I'm slowly coming out of hibernation as it seems like things might start to get interesting again in the coming weeks/months :)
This is a potentially nice cup & handle forming on XRPBTC - with a decent volume profile to match. See the chart for the target area.
I'm being cautious...
Bitcoin seems to be doing the "Inverse Head & Shoulders before a new ATH" thing pretty often lately.
If it rallies then goes back down to test the neckline, then bounces off, it'll be confirmed for me.
Obviously not confirmed yet but something I'm watching for. Seems to be some pretty good support around 17,000, and volume matches the pattern so far.
Too early to enter a position, and the other exchanges aren't showing this pattern so use caution, but BTC does feel like it's trying to breakout to new ATHs so I can see this happening. Bullish in any case in...
This looks pretty promising, but it is a tiny handle. That's either a very bullish sign or it might need to make a bigger one - it's currently breaking out above the neckline but it doesn't quite have the volume yet. It is ramping up though so we'll see.
The conservative move would be to wait for the an obvious spike in volume, or buy in if it dips and looks...
This is related to my other idea:
I zoomed in so we can see the target area for the more immediate future.
Looks like we've got a cup & handle (or inverse head & shoulders, both work in this case).
It might want to extend past the target and hit one or both of the previous peaks (I labelled them on the chart) so I drew a wider target area.
Of course I believe...
Lots of things pointing to the .00000900 area as the next target.
We've got a channel, cup & handle , bull flag , and all the targets meet at the next fibonacci line.
I'm as confident in this one as I get. I'm already holding so I'm not looking for any particular breakout point, but I'd say now is as good a time as any if you're looking to get in. There's even...
Yeah Litecoin! Finally we're getting somwhere.
We've got an obvious Inverse Head & Shoulders going on, and a Bullish Wolfe Wave.
It's already broken above the neckline, but maybe wait to see obvious volume - I'm in already but I'm not always the most conservative trader :)
See chart for ideas - a breakout past the neckline would seem to indicate a target of around 0.00014.
Be careful with this and make sure you get in and get out - this thing has risen so high lately it's hard to tell how sustainable it is...likely a crash incoming in the near future
This is just my speculation for the short term based on patterns I'm seeing, what the targets for those patterns are, and what other patterns might form from those targets.
I'm not expecting it to play out exactly like this, but want to see how well I do!
Please do not take this as gospel, TA is not this accurate haha. THIS IS JUST FOR FUN!
I still stand by my...