Hope we're all having a lovely Thursday (aside from the crypto markets sliding). I'm seeing a potential bear flag forming on BCH. Matched with the relatively low volume on the buyers side and the FOMO in a lot of people's minds, I'm predicting that we'll see another correction downwards. Hopefully we're seeing a healthy correction, but you never...
Just spotting these H&S patterns in the 1 hour charts of several currencies and figured I'd share my thoughts :) I'm thinking this is a pretty clear H&S in XRP, which would predict we go down further. It would be unrealistic to see us just keep going right up without major news hitting or something big like that. My thoughts are that we will see a...
Perhaps a head and shoulders forming on the ETH 1 hour chart. This predicts we will go down from here to test the support at around $460 or maybe even lower to $445. However, we've seen some pretty heavy support around $485/$490, so it'll be interesting to see if this holds!
Just my two cents here, not trading advice :) would appreciate other's...
So what are your thoughts on this chart? It looks like we could be in a downward A wave now and then see a bounce around $500? Assuming this is truly a bullish market, of course. Otherwise, we'll likely see resistance at $500 but then fall right through. Not see high volume right now, so the latter might be more probable!
So, here's what I'm thinking for ETH/USD. It's certainly done better than BTC (then again, many of the alts have!). Could we be in wave 4 right now for ETH? I think we have the potential to go higher at this point (hoping at least!). For my future charts, I'll be sure to use larger timeframes (as someone kindly pointed out on my first chart - is this chart on...
First post! Which means I'm learning TA...did we just hit a double top for BTC? Or are we expecting a double top at around 8000 before we could go down again?
Thanks for any feedback and help :)
All the best,