We've been on a big run with AUDUSD
We are likely nearing some volatility as we potentially form a top, that being said the ascending triangle is typically a bullish pattern
Watching for a break to the upside here
It was a good week of trading on the AUDUSD pair
All of the best trades made are highlighted in the white boxes
This week has been very good for breakout resistance plays
The previous short turned out to be a long on the ascending triangle as it played out bullish and broke the upper resistance, hindsight I shouldn't have been trying short the breakdown because...
Here we have a textbook ascending triangle, a very straight forward pattern
I'm looking for more upside here, keeping in mind that the halving just took place, and we are coming up on almost two straight months of bull run.
Of course patterns do not always play out as they should, but tend to be stronger on the larger time frames.
Other considerations are that...
Hey look I've emerged from the abyss to post this really cool idea
BItcoin's volume (finex, stamp, cbase, average) is the lowest its been on the weekly chart in 5 years!
This appears to me to signal that there is no selling interest at this time and bitcoin will continue to trend up for weeks to come.
Stay tuned, happy trading.
Take a gander yourself by...
The chart has followed a very distinct pattern. It appears to be following that same pattern. Seems easy enough to short here, but I'd be cautious about an entry until we break 9000 sat level one more time. As you can see the previous time we had one more hard bounce off of this level before the short was a solid play.
That's right the trifecta is at it again, and bcash is going up. This is a long, regardless of your political morals, or lack thereof.
Watching to see how far this one goes. I could also see it falling flat like several of the past pumps, but a pump of similar magnitude to the large two seems more likely as we retest this significant price point. Stay tuned....
LTC has been running again recently. As it approaches recent highs I will be watching closely to see if it breaks through. I will be adding to my position if it breaks the ATH for a shorter term long to catch the next leg up. Stay tuned and keep an eye out for those important levels at the red resistance lines.
Judging by size of the first run to the initial high of ~.00083, it can be hypothesized that the next run will be similar in size. As it breaks through the three panes of resistance I expect it will hit its high somewhere in the middle of pane three.
We are currently transitioning from pane one to two.
Prism pane analysis projects a price of ~.001
Live long and prosper.
What do you get with XRP and a little bit of Pyramid Sauce from @hanzeholdinworth?
Can't say how high it will go. I can say Clif High's web bot has XRP manifesting legs over "late april".
Thanks to @hanzeholdinworth for the beautiful chart idea, hopefully I did it justice :)
Not only does this latest move have many parallels with the first couple of spikes, it was based on big news.
I've marked the crosses of the middle band for bear and bull to show the similarities.
Contracting b bands
Bullish cross of middle band
New bottom support
Of course, with crypto you never know. BTC could continue to run and alts will be down, but...