A diamond top is often times more likely than a continuation diamond but when you’re on as small a time frame as the 3 hour the exception tends to happen way more often than on longer time frames meaning all bets are off on which way its going to break until it confirms.
the way all these bullish patterns( from various time frames) are currently clustered together if one triggers it will probably set off a chain reaction that triggers them all. . .there's a 5th pattern that it could lead to i triggering too on the weekly chart. A weekly cup and handle that's harder to identify on this chart unless you zoom it out and/or switch to...
diamond pattern seems fairly valid on the 3hr chart. Important to watch where the 1 day candle closes though...if we can stay in this range for close we can close the 1 day candle as a bullish engulfing candle which could be a very bullish signal also currently on the 1 day chart we are forming a bull flag with an incredibly long pole which if broken to the upside...
maybe even 7.2k where the fib retracements golden pocket currently sits.
bull signal vs. bear signal on btc right now...because of that this idea will be listed as neutral. We can see we have the bullish case of a 3hour golden cross that has just occured...usually leads to a bullish outcome and we can also see the 3hr stochrsi has been skimming the bottom range for awhile which means there's more momentum available to go up than down....
One thing crypto loves to do more than anything is fakeout the herd so although we have multiple deathcrosses across most major time frames and a breakdown from the recent bearflag, it could potentially repeat the pattern seen immediately after the price action highlighted here inside the 1st yellow circle where it only went about halfway on the rbeakdown and then...
This turkey must think now that its a couple months after thanksgiving that its safe to roam the charts out in the open...however, when a deathcross turkey appears it typically tends to bring hungry bears soon after it. in 10 minutes from now we should see the 3 hour death cross occur on btc...on xrp when the 3 hour death cross occurred recently it coincided with...
took me a while to be able to nail down the current pattern we were in after many 1hr,4hr, and 1 day chart bull flags and bearflags seem to keep 180ing right in the middle of their breakdowns....I finally was able to connect the dots on the 3hr chart and found this diamond pattern forming. Typically diamond patterns that occur after downward movement like this one...
This is my entry target for BNB. *Ignore my strategy tester below, it's set up for BTC/USD.
Here are a few key levels and trend lines for BTC. If we fall below our current support, you can expect a bounce at those levels. I've also included fractals (the dotted lines) to help identify levels gained and lost. You can also see where I've went long/short on past trades. Good Luck, and don't forget to set that Stop Loss!
I do not think we can get so low but all is possible. The area I'm staring at is 5400-4800
BTC/USDT trend down, but most expect a reversal in great triangle. There are a figures: of the head of the shoulders (up), the pennant (down), the red triangle (neutral). Commodity Channel Index divergence with real value (down), Aligator (up). Short-term(till 1 week) See: Short - if we breakout the 7260$. Long - if we breakout the 7800$. Good luck, comrades !
Falling expanding wedge, touched(test) ex-resistance of the triangle and support line, fill long candles, good short-term resistance in 9500-10000.
PPT/BTC falling wedge I see good bounce moment from 0.00205 sat. Targets 0.002456 (~10%) 0.002546 (~20% profit from now)
TRIG/BTC triangle Possible profit(from now) 25-35% TP1 - 2060 TP2 - 2220 SL - 1520
XBTUSD LONG 3hr candel @ 9443 take profits $9650 Cover $9700+ Gud luck to us ALL
It's quite hard to draw my arrows on this one as I am posting it somewhat early hoping that a 9 count will come. The probability is that a sequential 9 will give 1-4 candles reversal (including itself). I made a good short term trade yesterday using this indicator when a 9 showed up before this rally. Note that it shows a red 1 now where I shorted but at the time...
The TD 9 only corrected on itself on the 4hr chart (9 candle went down) and I've noticed the 4hr TD count hasn't been very significant/helpful recently. I have found the 3 hour chart to be more helpful over the last few weeks when it comes to the TD sequential indicator so I want to share my thoughts here. We have been working on this symmetrical triangle and the...