Page 31 | 1daychart — Trading Ideas on TradingView

BTC forms 1day higher high 1st time since bearmarket beginning!!This is a huuuge sign that we may finally be seeing the trend reversal we've been so patiently waiting for and a definitive end to the bear market...This is the first higher high on the 1 day chart we've had since January 2018. We will be looking to follow this up with a 1 day chart higher low and then one more 1day higher high to complete the sequence and fully hand control back over to the bulls. if we do not form a higher low then we will almost certainly see a capitulation candle to follow...if we do then capitulation already happened in December! Very exciting either way you slice it!

ADABTC completes 1 day golden cross/picture perfect ih&s pattern We can see here on the 1 day ADABTC chart that the price action is responding quite bullishly to the recent 1 day golden cross. Also we can see a picture perfect inverted head and shoulder pattern here which cardano has just now broken above the neckline with good bullish volume to match it. There is still a slight chance at a fakeout here but we should know by the next 1 day candle if this is a legitimate triggering of the inverted head and shoulder pattern. With the volume confirmation here probability favors a breakout more than a fakeout currently especially coupled with the recent golden cross and so I'm listing this idea as long. We also have talk of cardano being added to the ledger cold wallet and cardano also being next up to be added to coinbase...the coinbase rumor is not as solid as the ledger speculation but both are certain to be impacting price at the moment. If the ih&s breakout is triggered I have put a projected breakout price target here in green.

1day LTCUSD Golden Cross should occur 5 hours from now: SSIA

Extremely pivotal moment for bitcoin could signal bearmarket end If we can break up from bitcoin's current 4hr bull pennant, the breakout target shown here is around 4350 or so....which would also allow us to hit the green falling wedges breakout target shown here as well. Much more important than either of those targets however is if we can at least get enough momentum from a bullish break of the bull pennant to lift price action above the lavender horizontal trendline at $4117. Why is this line so pivotal? Because if we can reach above it we will for the first time since near the beginning of the bear market form our first higher high on the 1 day chart. That would signal that we may finally be starting to see exchange in the overall market trend from bearish to at the very least more sideways...we could of course hit that higher high and still follow it up with a lower low if the rejection at the top descending dotted white trendline is powerful enough...if we were to then follow it up with a 1 day lower low, that would almost certainly become our capitulation candle(unless we already had capitulation back in late December at 3.1k). Also if we were to follow the daily higher higher with a lower low, even though bears would then still be in control we would very likely have another higher high after that lower low since it would likely be a bounce up from capitulation and from there we could expect a higher low and a subsequent higher high after the higher low on the daily. Once we can complete a consecutive higher high/higher low/higher high sequence on the daily chart I will then be confident the bottom is indeed in. However we could also bart down here instead of breaking up from the bull flag and simply continue our never ending bearmarket series of lower highs on the 1 day chart....if so the bottom may not be in for some time. So for now though this is a very pivotal moment for btc...especially if we can break up from the current 4hr bullpennant. 4hr stochrsi looks like it wants to go up but the daily stochrsi looks like it wants to head downward so who knows it could break up hit the target and then have a big retracement...if so as long as the breakup goes above 4117 that will be a very very good sign...even if we capitulate immediately after.

Neutral volume/price analysis on Bitcoin day chart BitStamp I'm illustrating this just to mostly illustrate a point about use of volume in price analysis. Bitcoin right now seems to be a battle of small groups or single people perhaps even who are both trying hard to influence market here. Perhaps a semi-larger group (maybe miners again or exchanges) are trying to support price. One large seller or a small group seems to be trying to hunt for stop-losses and or break support lines long enough to influence more downside. Hope this helps someone, this is just my thinking and ideas. DYOR!