This may end up being a significant Dragonfly Doji if the symmetrical triangle pattern is still valid and a breakout to upside occurs in the next few 2H candles. Also on the 4H candle a Bullish Hammer candle is forming and will close in 11 mins.... the multiple bullish candles across different timeframes is surprising and interesting to see following the...
DOT just had bullish crosses on all 3 of the hourly EMAs (20, 34, 55). Next up is the bullish cross of the 4H EMAs. DOT is resting on top of the 20 1H EMA before launching higher. Bullish cross in the 4H EMAs will begin today/tonight (US Eastern time). DOT is also still trading inside the Golden Pocket Fib Zone and is an excellent pickup here before the...
BTC has a bullish cross in all of the 1H EMA Ribbons (20, 34, 55) and now has just notched a bullish cross on the 20 crossing above the 34 on a 4H timeframe. Daily MACDs still bullish and a Dragonfly Doji candle was printed on 1D and 5D timeframe. See my article below for that analysis - BTC appears to be resting before launching higher.
Yes, with upward price action, BTC has now confirmed the Dragonfly Doji candle printed on June 8th on a daily candle chart (orange circle). BTC also printed a DD on a 5D chart which is EVEN MORE significant than the daily signal. We can be pretty confident that the reversal is set in motion and that the bear trap has been laid - we are at overextended short...
We have very significant news to report today - as I'm sure most of you are aware but the Parachains Auction schedule has officially been announced as I said would happen by early June! The first auction is set to receive bids on June 15th. The full auction schedule of the first 5 parachains is per below: The schedule can be found right below: 2021/06/15, 12:00...
It's looking more and more likely we are in a Wyckoff Accumulation pattern as the hours wane on in BTC. Imho we're currently in Phase C as yesterday's bullish Dragonfly Doji candle represents the ultimate bottom and the ultimate reversal signal considering it occurred on a daily candle and not an hourly. See my chart on that from yesterday posted in the link...
This has a potential to be the end all reversal signal we're waiting for and what an interesting time to come if it's at the exact moment of Phase C of a Wyckoff Accumulation Pattern Low.
Literally every single man, woman, child, dog, cat, turtle are posting the same pennant chart that has already gone to 95% of the formation which means it likely is invalidated yet everyone is still oddly calling for a break out or break down of the pennant. There is a 3rd option and that is that the triangle is invalid and we continue to chop sideways and...
This is in regards to the Bullish Hammer that was printed on the 1H, now we have a more significant bullish hammer - a 4H candle Here is a link to the 1H Bullish Hammer chart www.tradingview.com
BTC just printed a Bullish Reversal Hammer candle after a selloff from yesterday's high - this could indicate a reversal here depending on price action afterwards. But for now the signal is bullish combining the fact we just had a bullish cross on daily MACD from the most oversold level in BTC's history.
A bounce off here would be pivotal as BTC looks to find rest on the 4H EMAs. The Technicals remain Bullish as we are rising in the Daily MACDs from the most oversold conditions (according to MACD) in BTC's entire history. With short term indicators indicating bullish momentum, the Bulls are in position to punish the bears. Lastly, I have drawn (on a separate...
DOT's fundamentals couldn't be clearer. This is the buy of a century as DOT continues to release bullish news item after bullish news item. Recently, a 2nd DOT ETP was launched which is backed by actual DOT - similar to how Grayscale buys BTC and ETH to back their ETP products. The most recent bullish news item is the recently announced VC Fund, Master...
BTC has confirmed 2 4H candles closing above the 0.5 Fib retracement and the longer we stay in this Fib retracement zone, the better. The next target naturally speaking is the 0.382 Fib Retracement level at $44k. Notice, BTC is also confirming a breakout from the symmetrical triangle with an upside PT of $49k which also coincides with the a Fib extension price...
BTC is breaking out of the symmetrical triangle rn on a 4H chart. Volume seems to be picking up and looks good for an upside target to $49k. On the back of the Google News which is extremely significant - considering the ban went into effect in 2018 and was a key catalyst to the 2017 bull market, this could help catalyze a new uptrend and is coming out at a key moment.
This is bullish for a re-gearing of the crypto market back onto bullish trajectories. This 51% selloff in BTC and larger selloff in alts is following this fractal pattern beautifully - Expect some days to be choppy, but all in all, up and to the right. As you can see we're about to have a bullish cross on the Daily MACDs and we are testing resistance on the Daily...
DOT has so many bullish news items going on atm that it's hard to keep up (link below to read about them). Currently DOT is breaking out of the symmetrical pattern (dark purple lines) with high volume and an upside target of $33. DOT has magically formed a W pattern as well inside of the pennant which is bullish as well and provides further confirmation of...
DOT News on 6/1/2021 1) DOT ETP Launched in Europe on Swedish Stock Market (Grayscale is next) cointelegraph.com 2) $USDT announces it will be first stablecoin launching on $DOT & $KSM ecosystems tether.to 3) Westmine successful on DOT's shell parachain! twitter.com 4) Kusama upgrading shell to Statemine! (Same link as above) Conclusion...
DOT currently has printed a bullish "W" pattern which would bring it to the $$35 range based on TA alone. Additionally, we have broken out of the downtrend line and are printing more bullish day by day on the EMAs and MACDs. We will get a bullish daily MACD cross by the time today's candle closes imo. This should hopefully bode well for a "W" breakout to the...