Yeah.. I can't draw with a mouse... but maybe Bart Simpson is making a comeback with Bitcoin ;)
Confirmed break out above neck line, target purple line above that @ ~$125. Play is invalid if it falls below line beneath current price, and could drop back down to bottom line if that occurs.
Broke out of triangle after breaking above bull flag. Held up very well during BTC dip. Needs to get above green box, if so, targets are purple lines, and a test of ATH @ 864 in between.
BTC may do something like this over the next 2-3 months. Quick chart, will post something more substantial once there is more data to work with concerning its direction from here.
Pure conjecture, based on price action of and experience watching other similar new assets that have shown like promise.
Targets - Re-test ATH @ 1207, if successful break above 1400+ - quick chart after announcement of upcoming coinbase pro listing
The weekly can be broken up into two major parallel trends, as shown above. Important levels are highlighted in white boxes. A drop down could still keep us within a bullish uptrend within both of our long-term trends. We're currently swinging between 32-39k trying to determine our short-to-mid-term direction. A drop below 32k, and the psychological...
Possible targets for completing a potential head and shoulders inverse. BTC could totally ruin this setup, so keep an eye on it. We'll likely know the direction relatively soon with a new daily/weekly candle in ~1 hour, and a new monthly candle in ~25 hours - should know either very soon... or at the latest ..within a couple of weeks or so.
HBAR has tested the top of its resistance area 4 times now, and as we know, the more times we test an area, the more likely we revisit and eventually break through. One thing of note is that our 4th test didn't have as much momentum behind it as did the previous 3. This could be seen as a sign its weakening, but I don't think that is the case here. Instead,...
Yesterday posted a bullish chart idea for HBAR / BTC, this morning posting an alternative bearish pattern - the diamond reversal pattern. In this case, HBAR has been stopped out near its ATH and will head downwards, target is length of the center of the diamond (purple line)
HBAR vs BTC on the 2H chart appears to be in an broadening formation, also known as a reverse symmetrical triangle (this one is not quite symmetrical, but close enough for comparison). Broadening formations typically occur when there is indecision about the direction of price. This makes total sense with the recent correction across the market. Broadening...
A crazy idea for fun before bed. Prefaced with with the fact that actually I have a positive outlook on BTC moving forward from this dip, and I do doubt that something like this will happen. On the other hand, I also like to be my own devil's advocate. So - if the run up during covid has been nothing more than a massive bubble (not just for the crypto market,...
Broke out of bull flag and have formed a symetrical triangle / bull pennant after the 67% rally that occured w/in hours a few days ago. A bullish break out of the symetrical triangle has a strong target right at 864 sats, our current all-time-high vs BTC, here's what it looks like zoomed in on the 1H chart: Should we break and stay above that, a conservative...
We have a confirmed HS here, broke the neckline and is re-testing the neckline now. If successful, we'll likely see a move towards the bottom of the daily logarithmic channel, and a potential break below that - if that is confirmed and we successfully re-test the bottom of the channel and head down, expect a lot more downside. Current targets are the two yellow...
Not my favorite crypto, at all... but still looks like a possible opportunity for a good short-to-mid-term swing trade. I drew fibs based on weekly low and high, and the parallel channel drawn from daily log chart. Shown above is the weekly log chart. - Targets: ~750-850 seem realistic, could even reach 1000+ (see three horizontal lines above) Targets...
Channel re-drawn after 3rd touch at bottom, see previous idea, channel is more clear now. Still bullish atm.
New listing just announced @ Uphold, potential contract with NASA, a bullish W (a mini-double bottom) could be taking shape here. Completion of this W woud likely flip resistance back to support (green box/area). This would be occurring at the end of a bull flag on BTC pairing daily chart: BTC chart idea linked below, as well as an alternate theory for the...
I need to predicate this with the fact that I'm actually super bullish on HBAR, and most of my ideas are based on its bullish momentum having more immediate continuation. That said, I sometimes try to come up with alternative theories that oppose my own presuppositions, and that is what this is here. So, let's take a look at HBAR from a different perspective...