nagihatoum

nagihatoum

Not saying it will happen but a break of that green support line and closing below 5% of the neckline or rejection on the retest will send prices to 3k.

nagihatoum

break of the neckline will take prices to the $13. Not saying it will happen just if it happens.

nagihatoum

And was rejected by the 4hrs 200 ema with a hidden bearish divergence on the 1H time frame which have been very indicative of a downtrends recently. If this triangle breaks down, the measured move is around $5200. Price action might also bounce back up and try to break up.

nagihatoum

The previous falling wedge (orange) broke down unexpectedly. Situation is very bearish. There might be a pull back to the top resistance in purple. However if price fall down from this falling widening wedge expect around $22, the measured move of the bear flag in red. It is a long for now, short on the macro time scale.

nagihatoum

A repeat of the massive pump on October 25th on a smaller scale, or a measured move to $3800 from the bear flag break down. On October 25th price broke down from a head and shoulders with a measured move of $6600 exactly where we are today. Nobody expected a 40% pump on that day.

nagihatoum

It was from my previous idea that price action was forming a deep crab patter, but it went deeper than I ever expected. I actually thought that the crab pattern will not be completed and price would go up. Now there is bearish divergence and bullish divergence is needed to for the price to bounce to the crabs target. So it is likely that price will drop to $38...

nagihatoum Updated 

A break from the fallen wedge to the the resistance of the small falling channel, if price is rejected a drop to $42, if not a continuation to the resistance of the larger falling channel.

nagihatoum

Yes below every major MA, yes it drops 10% in a matter of minutes, yes it looks like we are heading to $22, but hey call me an optimist. I am also a bear look at my ideas down. wait for confirmation of reversal of trend before you do anything. LTC will outperform BTC 6 to 1 in usdt and 3 to 1 in btc pairs based on the idea below, BTC will 2X.

nagihatoum

just look.

nagihatoum

Target is the 1H 200ema , which has been very strong dynamic resistance rejecting the price violently in the past.

nagihatoum Updated 

A return to the neckline is bullish, target of the inverted head and shoulders is 7444 to the dollar. previous highs where 7666 and 7777 and almost 7888 (7864, 12 dollars less).

nagihatoum

breakout target of falling wedge is neckline of double bottom. Bearish harmonic will be completed suggesting a cup and handle can form after. Hidden bullish divergence is bias for upward trend.

nagihatoum

Might break up, might crap down. hidden bullish divergence present.

nagihatoum

Second times in days. Will it break up. Previously it was violently rejected. Currently blue path is preferable, a bearish divergence and a retest of the trendline after break up. however price action in a rising wedge which is bearish. A breakdown of the rising wedge will complete a head and shoulders and take the price to 0.05959. Keep in mind that in cryptos...

nagihatoum

A break above is very bullish. Rejection will bring price to the previous lows. The diagonal resistance in purple is very significant because it is long term and price action has failed to break above it for months. The price action is currently in a rising wedge which has tendency to break down. RSI above 60 but there is still space to go up to 80 the all time...

nagihatoum

ABC correction from the top, with A equal to C in length, puts the bottom at 4k. Of course there is no reason why this is not an WxYxZ correction and we will go up again.

nagihatoum

Decision taken, price action dropped under the triangle. Potential to make a double bottom.

nagihatoum

Ascending triangles break more often upward. I placed the measured moves in both direction. BTC trend is macro bearish but the micro trend is bullish so best to play the breakouts.