Watching for another dip to complete the right side of this Inverse Head and Shoulders pattern. Looks like just around $6,800 is our neckline. Could take a day or two for this pattern to play out. Watching for a break of the Neckline for a Long entry. A dip below our Head would invalidate this pattern.
If you are long this is the only chart you need. BTC has been in the same Equilibrium Pattern for the last few months. We have had a series of Higher Lows and Lower Highs. The pattern is really beginning to tighten as we get closer and closer to a bullish breakout. Volume from the bears is waning as the pattern tightens. I fully expect a breakout in early to mid...
To early to call? I think ONT still has a ways to go after this next correction (wave 4) if it follows this longer term Elliot Impulse Wave. Just something to keep an eye on. Wave 5 could be huge!
Have been watching this equilibrium pattern for a break. We are right at the top of the pattern trying to break out above as I type this.
Watching this symmetrical triangle pattern for a breakout and entry point. Like this pattern a lot because we have 3 valid touches to form our top and bottom trend lines. A break of either line would be a signal for bullish or bearish movement. Would like to see a bullish break over our trend line and then get a confirmation candle to enter a position.
BTC seems to have established a Higher low on the Weekly chart. Seeing that I would now say that we will run in an Equilibrium Pattern into late May/early June. My opinion is the we will see a high around $9,000-$9,200 and then get a pull back to as low as $7,500 but staying in our pattern (creating a Higher low). I then see a run breaking out passed the $9,200...
BTC looking bearish, broke through the Ichimoku Clouds on the hourly. Still room to drop more, as the Daily chart is not yet completely oversold. Not much support on the way down to $10,200. The $10,200 level would be a perfect place to look for a major bounce or reversal. At that level we have previous support from the 25th of last month and the 61% Fibonoci...
Dealing with some tough resistance @ $11,200, which was also Resistance back on the 21st of this month. Expecting a higher low to form and then will reevaluate. Still well above Ichi Cloud Support and volume right now is relatively low.
In a channel right now with major support @ $10,200 and resistance @ $11,075. Low volume at the moment. We are currently establishing a higher high in this pattern and I am currently looking for a higher low to form next. A break and hold of 11k would be very bullish imo. We seem to be holding above the Ichi Cloud support for now, as well.
Volume is looking great for Bulls right now, Looks like the $9200 level that broke will hold and we will continue to go up. Called the incoming break yesterday in my chat room: join.slack.com
Trend/Support/Res Lines. Ichimoku Cloud is the thing to watch right now, BTC has not broken Ichi Support in a long time or maybe ever. Expecting a bounce off of the cloud for the next run up.
Breaking Res at will, great start to the new year. Looking to break through the second level on this chart at 0.00839319 sats. Also, just peaking over the Ichimoku Cloud today. A break and hold over Ichi Cloud would be a perfect setup to run even higher. We on fire right now.
A break of one trend line or the other is what I am looking at now.
Possible reversal starting on EMC2. Triple Bottom over the last few days could set up for a run. Watching the neck line for a full on reversal confirmation if it breaks. With news coming on the 19th, this could be a chance to start scaling in or thinking about a position when the Neck Line breaks. Happy Trading!
NEO looking good for next leg up, looking for a break or upper trend line. A break either way will be coming in 1-2 hours and could be quicker.
Large Bull Flag has just broken in an upward trend, looking great for another run. Resistance @ $405.00. Support @ $375.00. A break of either will signal trend. Looking really Bullish.
Breaking out of downtrend on the 1 hour chart. RSI looks good and was just added to Binance Exchange.