Falling Wedge bullish continuation pattern breakout after holding critical historical support level. Measure move confluent with historical resistance around $1600. 4h & daily Hidden Bullish Divergence on MACD to boot.
The daily engulfing candlestick we painted today might not be as bullish as it looks at the first sight. What we see can be interpreted as Three-Line Strike Pattern in its Bearish Continuation form. Quote: *The Three Line Strike candlestick pattern is a 5-bar continuation pattern. It actually implies more downside! *The bearish formation is composed of a big red...
We´ve seen this candlestick duo reversal pattern after breaking out of a Falling Wedge exactly 2 months earlier ' and it resulted in some 50% rally over the course of following 2 weeks all the way to new ATH. Will the history repeat itself this time?
Kept making consecutive higher lows while BTC was making lower lows in recent downtrend. Held supports over and over shoving increasing accumulation. Looks amazing. First target probably around 3k psychological resistance. Great long term investment.
LTC is about to break out of Bull Flag channel. Measure move confluent with Fib node will take us to $400. Also beautiful backtest of that old triangle we traded earlier for support (touch at $206). 4h Bullish Divergence on MACD and RSI to boot. Watch for breakout but I strongly believe the bottom is in.
BTC broke out above this downsloping resistance and is headed higher. I would imagine this relief rally can take us to 60k in time. This is especially good news for altcoins like ETH, LTC and BCH which could see even better rallies in the coming days! Cautious traders could wait for candle close for confirmation and potential backtest of that wedge for support but...
BTC is working on Triple Bullish Divergence on 4h which is exactly what ushered in reversal during bottom of the dip back in February in a similar falling wedge formation. Right now we had 2nd symmetrical triangle in a row (bear pennant) breakdown, it's currently getting backtested for resistance just like it happened few days ago. After that, final markdown to...
It seems like we are witnessing repeat of what happened in January 2018 - LTC is about to go parabolic during this altseason. 1. BTC is making lower lows (also in bullish falling wedge formation, bullish divergence on 4h, oversold on daily for the first time since March 2020 - I believe we will see a bounce very soon, the lowest I think it can go is 45k which was...
Don't buy into the pump just yet, it should go down to $1 for confirmation first, that's 10% drop from crrent level. See historical reference/fractal on previous wedge breakout, overbought 1h RSI hitting resistance and how price currently sits at historical resistance. Don't fomo into this stock on open, there will be a better entry. Long term still bullish, could...
I'm expecting this breakout rally to continue until earnings on 04/29 for about 20% gains.
BTC hit a Fib node at PCZ of harmonics pattern and reversed, we have strong and very mature Bullish Divergence on 4h timeframe on both MACD and RSI and daily candle is about to close as a bullish pinbar reversal. On smaller timeframes price successfully got above 50k support/resistance after breaking out of miniature ascending triangle reversal pattern on 15 min...
Meme coin so proceed with caution, DOGE has no real value other than brand recognition. Potential Hidden Bullish Divergence on MACD and RSI 4h, successful test of 50EMA for support. One could even argue Cup with Handle pattern but on small timescale like this it's not reliable. Stop loss below 27c, targets $35c and $40c.
Needs to break (and ideally backtest) resistances at $14 and $15.5 first but then road to $20 should be clear. Bullish Divergence on daily timescale, bounce off of critical historical support.
I charted this last month when necklie broke and BTC.D was in freefall ever since. After breaking below support around 51% I believe this trend will continue. Next stops: 45 (measure move), 39 (support) and 35 (all time low). I also believe that we are in the final altseason of this bullrun and there is maybe a month or so left for us to have fun with it. Please...
BCH wasn't able to quite break out yet like ETH, LTC and ETC already did but it held important demand line and is in final stages of price contraction making consecutive higher lows. I think it still looks amazingly bullish and is probably headed to $1200 ad $1700, this might be the last chance to enter below $1000. Cautious traders might want for candle close...
Crazy how perfect it is and measured move is confluent with the target of a huge Rising Wedge that broke down over weekend. But then fakeouts do happen but this is exactl where one would be looking to open shorts on this pattern (assuming 55h gets rejected and we get some confirmation like bearish engulfing candle on small timescale). I'm only saving this because...
After a very deep retrace SOS is holding critical historical support and showing Bullish Divergence on daily MACD, momentum is about to go positive for the first time in two months. Watch for a breakout, this one could be explosive with $6.4 and $8.4 targets for 40% and 80% profit from current price rage (and then there is a gap fill just below $10 confluent with...
Good to see another higher low and bounce at the trendline. Still no real relief rally happened and measure move down to 45k is certainly possible but holding above 55k support/resistance is good. No real help on oscillators on any timescale but a lot of altcoins (LTC, BCH, BNB) are showing bullish bias so the market as a whole didn't give up yet.