I have an alarm set on the Purple Trendline to buy this breakout, which could range between Purple line and the yellow trendline in short term
a truly great buy would be to wait for the cross of the yellow trendline for a safer entry to a Long position.
will monitor this from time to time, but a short term buy opportunity coming soon.
Let's see if this potential plays out
1) we track to see if the Right Shoulder completes target to ~$4.60
2) lots of resistance at neckline, if price breaks neckline it will confirm the pattern and should give us a second target of 7.60 or so
From an elliot wave perspective wave 1 and wave 2 have completed and we should be on our way to wave 3 with higher...
After a meteoric rise, and devastating correction - it appears that GRT is bottoming and in the infancy of reversal.
Requires some strength in Bitcoin to continue this bounce, otherwise back to retest the lows and form a rounded bottom.
highlighted horizontal lines indicate potential areas of support/resistance
Looks like buy zone is approaching around $15.00
You can enter if the dotted yellow line is broken decisively or wait for the mega down tend to be broken (solid yellow line) for a safer entry.
EW + Fib extension projects a future target of $147.00
Notes on chart
interested to see how this plays out.
-RSI overbought on the weekly, expecting further consolidation for now
-potential entry at ~$9.50, potential growth to ~$20.00
-breakout could occur with more volume and sustained high RSI for short period of time
-MACD on weekly turned bullish, should continue for several weeks
this chart is...
As seen with a lot of alt coins right now, a massive bottom formation may be in place
potential inverse head and shoulders with target in the ~85 cents range
Need to see the neckline broken and retested to support this idea.
Verge potential bull run will melt faces.
minimum 1.618 fib extension could see Verge at 50 cents.
Looks like it has bottomed and is forming a solid reversal with a huge base formed and inverse head and shoulders support
It made its target of $0.02 cents and could consolidate over next few weeks, looking for bulls to charge ahead and keep this above 50 day MA
notes to myself to track and observe how bitcoin moves.
i've removed candle wicks and think that BTC may be channel bound, where the lower possible target is ~27.5k or so
(the channel is much more clear if you observe the daily chart with no wicks)
light blue support line starts as far back as october, and needs to act...
simple clean chart to track progress of potential next bull run, assuming the bottom is in.
using this as a guide and to map out future events and see how closely they align or misalign with this projection.
key targets are highlighted with color coded lines. notable targets:
target 1) $6.70
target 2) $10.00
target 3) $15.29
target 4) $23.80