I'm still shorting, but the picture became bullish. It is not a signal to buy yet but i'll keep attention on bullish signs to cover short and go long. Only if we break the support i'll keep my short and sell more because it confirms the HNS pattern
We bounced at the log resistance and formed kind of double top. But i have doubts about validity of its because it is a part of huge h'n's pattern. Anyway, breakout is a chance to short, h'n's confirming is a chance to long. Wait for bounce or breakout
As we can see in the chart there is possible outline of completed head and shoulders pattern. But it is unusual one called complex, a rare pattern which has the same purpose - trend reversing. For such sort of thing it has to have the same right shoulder as left (with two peaks). Right now BTC is in the rising wedge and it is a high probability of creation an...
There is an existing probability of rising wedge that also looks good as logical end of previous falling wedge. If we reach the top line pay attention to the rsi and macd to find divergences that point on future downtrend. It is also could be a channel till the wedge is not confirmed. A good news is we across the main (red) downtrend resistance, but there is...
green line is very strong support and great buy zone, another zone which is above looks most likely as first target if LTC will break the triangle in another direction. just wait for breakout and join to the winner
there are crossed MACD and stochastic, we've bounced at the wedge line and next stop on the ~$9250-9000. pay attention to the green and blue zones which describe buy zones, but be careful and it would be better to wait for the wedge breakout. have your own head i don't make signal, it's only a food for your mind.
Simple charting, doesn't need any comments. Wedge, triangle, rsi and stochastic. Green zone is a good buy opportunity, but in the right circumstances. Pay attention to the market environment when we reached zone
Right now we are in the 1st support, that contains 6h ichimoku support, 0.618 Fibo and horizontal support. The second support include 4h ichimoku and daily horizontal support lvls with strong 0.5 Fibo; also a logical ending of C wave (0.786 Fibo of A wave). Volume is low and divergence exists (4h and 6h TF). Be careful and attentive