gcwright90

gcwright90

It appears that BTC is headed towards testing a potential breakout of an ascending triangle. Momentum can be seen from the MACD taking a positive turn and a spike in volume on the 1h chart. Given that we're currently a bit overbought on the Stoch RSI, I suspect we'll slowly trade up to the resistance at the top of the ascending triangle around 18k before giving it...

gcwright90

A couple patterns I'm seeing here on the longer term (4H chart): * The ascending triangle pattern is soon converging. If it can finally break out of that triangle and show momentum above it, we could see a potential big jump above the top of the triangle. You can see from the graph that we've had a couple breaks above in the past, depending on where you draw the...

gcwright90

After recently falling through a descending triangle, it looks like MCO is about to do it again with a second descending triangle. It's currently breaking below the bottom of the second triangle and hitting a previous support level around .002 BTC. Looking back, there are potential supports at .00166 (previous support level and the .786 Fibonacci retracement...

gcwright90 Updated 

Following up on my previous idea, NEO is still looking bearish. After the formation of a pennant following the recent dip, it looks like NEO may be breaking out of that pennant to the negative side. Waiting and watching for potential support at previous levels around .00666 or .00647 BTC, but a failure from those supports could indicate a draw back to the next...

gcwright90

OMG is testing a potential breakout, on the high side, from a pennant pattern. Waiting and watching for a potential increase in volume to confirm the the signal and push into a breakout.

gcwright90

NEO exhibiting a descending triangle, looking for break below bottom of trend line to descend to .007 or .005 (next two fibonacci retracement levels).