Vaporwave46

Vaporwave46

Ill be ultimately bearish for BTC IF it gets passed down through the pink trendline. then there I can continue my wave theory.

Vaporwave46

BTC broke down from 10,000 level and may test the next retracement level. hypothetically creating an imaginary inversed head of the inv. H&S which can be possible. should be interesting regain positions if that happens. as MagicPoop says,"if this happens, then we can expect this, if that happens, then we can expect that"

Vaporwave46

OMG brokeout the uptrend channel and created a bear flag, if this breaks down through H&S neckline then maybe it will test it and go down. ^Theories^

Vaporwave46

i was wrong again thinking this is a downtrend channel, but even if this is a channel, it would still be a bull flag and can breakout soon. (I wish)

Vaporwave46

I was wrong when i call OMG very early. I didnt notice and forgot about this 0.50 retracement would be a very strong sign of OMG's breakouts and breakdowns. now lets see where this goes. price action "might" bounce off this retracement level on the top along with uptrend channel's support. if this breaks down off the channel, I can look down to the lower targets.

Vaporwave46

black dotted curve lines are always my imaginary price actions, sometimes they dont go our way because there will be a new pattern and signs coming. I dont know about BTC if this would go lower than 10,000 but as soon as it formed its 2nd shoulder on the right, i would be extremely bearish with this.

Vaporwave46

ETC is summoning a possible bear flag and it is becoming legitimate time to time. even if this fails and let ETC bounce off a rising support line, it would be still bring out a bearish sign which would be a rising wedge. For now, the rising uptrend channel is our only friend right now. ^Opinions^

Vaporwave46 Updated 

4-hour chart says it all. Past actions performed inversed head and shoulders and a double bottom then rocket to the top. Now it looks like it will perform the pattern again but in reversal with double top bouncing to the blue retracement and going to the H&S target.

Vaporwave46

history repeats itself as EOS formed a nice ascending wedge again which signifies a sell signal. it could bounce a little bit to the retracement level but it is evident that the direction wants to go down.

Vaporwave46

i think DASH created a legitimate bull flag here and it really looks like a bull flag. i feel comfortable with dash hitting the inv H&S target.

Vaporwave46

ETH "might" bounce between 844 and 848 as this are the retracement and the H&S target.

Vaporwave46 Updated 

XLM brokedown to this huge rising wedge, Expecting it to bounce at the blue retracement line and maybe go deeper. Still curious of what price action will take place in the next days with XLM.

Vaporwave46

LTC formed a new downtrend channel and might perform testing the bottom once it falls to it. have to look for more significant price actions inside this channel. Crypto markets right now is unfriendly.

Vaporwave46

if NEO bounces from this hard support, could be bullish and form an inverse H&S. Bearish continuation might happen if this instance is neglected.

Vaporwave46 Updated 

BTC might be forming a H&S going deep again.

Vaporwave46 Updated 

My selling and buying points at QTUM. my "own" vision