titaniumdavid

titaniumdavid Updated 

XRP seems to be completing a head-and-shoulders pattern with the left side the completion of a 5-wave structure and the right side the start of the A-B-C correction. If this is the case, then a measured move gives the C completing at the 78.6 fib, which has been a very common retracement level in crypto this month. 78.6 also has a nice confluence with the 200 EMA....

titaniumdavid

12H: LONG: Price broke above the Kumo as the first sign of strength. It has now broken above the down channel and is challenged by the 23.6 fib extension. A close/test/bounce above the 23.6 fib signals an aggressive entry, with a less aggressive entry at the 38.2 fib extension. RSI currently signals a bearish divergence but this will likely be overridden by the...

titaniumdavid

Price tested 0.0526 and retreated. S1 @ 0.054 is the decision line. SCENARIO 1: Price breaks above (X1), I’ll have a tight stop at 0.050, as S1 is solid Support/Resistance. SCENARIO 2: Price bounces down off S1 , I’ll look for an entry between the 50 and 61.8 fibs after a test and rebound. If it looks like a double-top (X2b), I’ll exit for 20%-25%...

titaniumdavid

BTC is reaching the apex of a Rising Wedge (4H). Rising Wedges break downward 68% of the time. Bearish divergences in both MACD and RSI signal a correction. DMI is still shows price trending with +DI over -DI, so we have a mixed signal. My view is that BTC is around ATH and RSI in particular is good divergence indicator. Anything's possible with BTC but to be...

titaniumdavid

Barring any fundamental drivers, the technicals on PAY require some alignments for a safe trade. Though price closed and opened above the downward trendline, the last falling star candle shows bullish weakness. A safer trade begins when price works its way through the Kumo (red cloud) and calls for price on your 1hr to close and open above E and then only if...

titaniumdavid

Triple top for BTC and a failure to maintain its channel. Last two attempts at highs resulted in price touching near $3800. Bearish MACD divergence gave us the signal, now we have a couple critical support levels BTC must hold to rally for a fourth attempt at its previous highs.

titaniumdavid

8/24 Dash's high flag with a failure to reach the bottom of the pattern could resolve into a strong bull run. For an aggressive entry, buy the first open above support line A and set your stop just below the 23.6 fib; more conservative traders will wait for a break above line B. Target profit is at 0.09ish. #TradeAtYourOwnRisk

titaniumdavid

The confluence of the 38fib and valley of the double-top provides strong structural support. If this level fails, expect a drop, probably to the 61.8.

titaniumdavid Updated 

Only a partial rise in the third peak shows bullish weakness as price failed to reach resistance. An arguable triple top but more bearish with the rise failure. D-M-I shows sideways ranging momentum only as +DM -DM and ADX are all below 20. Potential bullish cross in SRSI but I think D-M-I will prevail and SRSI will bounce along the 30 for some time. The Kumo...

titaniumdavid

NEO's consolidating in a larger symmetrical triangle post Head&Shoulders. Here are the stats on breakout patterns.