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4hrchart

The bull flag btc's been in has now morphed into a falling wedgeWe can see a very valid falling wedge here on the 4hr chart; the purple trendlines following the wicks and the pink trendlines following the candle bodies..for now the purple one seems slightly more valid. Other signs giving the bulls hope currently are that we are still consolidating above the bigger green falling wedge from the weekly chart as well as still above the 1 day 50ma. for me this is a no trade zone until we see confirmation one way or the other.
BITFINEX:BTCUSD
by DrDovetail
BCH Bullish DivergenceTripple bottom formation on 1hr chart. 4hr chart is looking to make a turn around soon. If this price rise happens, look to the 1D chart for a near drop in price possibly breaking $300 resistance. Influx of volume today will confirm or cancel out this forecast. ______________________________________________________ Bitcoin and other cryptocurrencies are a very speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment, and a potential total loss of their investment. Information provided by King Midas is not intended to be, nor should it be construed or used as investment, tax or legal advice, a recommendation, or an offer to sell, or a solicitation of an offer to buy, an interest in cryptocurrency. An investment in cryptocurrency is not suitable for all investors.
COINBASE:BCHUSD
by ILL_Midas
3
2hr fallingwedge by candle bodies or 4hr fallingwedge by wicks?Definitely in some form of falling wedge and seeing as how we've ben in a bull mark most of the year probability is very good of this eventually breaking to the upside...the trick is figuring out if the falling wedge is more valid by candle bodies in which case it is either a 1hr or 2hr chart pattern...or if by wicks it could be a much larger wedge that is more valid on the 4hr chart. Only time will tell...if it keeps dipping I intend to keep buying until I see undeniable confirmation of breakdown..so far im only seeing us continue to consolidate inside the wedge and bullish divergence.
COINBASE:BTCUSDLong
by DrDovetail
4hr gldncrss trajectory=September 9; Nearing inv h&s completionWe can see many positive signals here for the bulls on btcusd on both the 4 hour chart(shown here) and on the 1 day chart right now. On the 4hr we can see how price action has finally overcome the 4hr 200ma's resistance and we can also see that a 4hr golden cross is in the works with a current trajectory placing September 9th as the day of the cross. We can also see how both of the 2 current inverse head and shoulders in play(in pink and yellow) seem to now be completing their right shoulder as price action heads towards their respective necklines. Another big sign shown here for he bulls is that we are once again back above the ascending red neckline that belongs to a huge 3 day pattern bearish head and shoulders. This has been the 3rd consecutive time we have broken below it thats ended in a bear trap only increasing the probability of us breaking bullishly up from the 3day symmetrical triangle(in green). On the 1 day chart we also have the great bullish sign of closing our previous 1day candle back above the 1 day 50ma and the ascending red neckline(as well as two key horizontal resistances). All of this seems to suggest the bots, algos, and whales will likely try to at the very least finish painting he right shoulder on the charts before attempting any sort of bull trap fakeout dump of any kind to maximize liquidation. So I will wait until I see confirmation of either a breakout of the inv h&s pattern or confirmation of a fakeout bull trap to make my next move...even though I feel probability favors the bulls for now.
COINBASE:BTCUSD
by DrDovetail
bearflag poentially breaking down...target 8.6k?breakdown no confirmed just yet but probability is definitely favoring it now as we can see price acion now firmly under the 4hr deathcross. If price action cant climb back above that deathcross then both the bearflag breakdown and he death cross will be sustained/confirmed. this is the perfect spot if the breakdown is confirmed for price action finally reach that 8.5k gap on cme futures chart bit of course the smart trader will make sure to buy back in a few pips before that and if we continue to fall and hit that target to also buy the dip
COINBASE:BTCUSDShort
by DrDovetail
1
Bulls trying their best 2 prevent the approaching 4hr deathcrossThe bull flag definitely seems like it wants to trigger a bullish breakout here. Of course being still in the last 10 minutes of the 1 day candle anything can happen and we must remain patient and balanced until we get a better idea upon the daily candle close...we also need to keep a close eye on the top trendline of the broadening wedge's resistance(in red), and the 11113.83 horizontal trendline(in white)...I expected at least a wick above the white horizontal if we breakout but the horizontal may potentially maintain its resistance for candle close...if not the next resistance will be the 11271 horizontal (red) above that, and just above that 11585 descending green trendline which is currently the biggest resistance to overcome...it's the one thats maintained resistance this whole correction. . .still waiting to see where the current candle closes the daily at but looks good for a breakout currently..anything could change in the last 10 minutes though. Even if we do breakout though it may not be enough to prevent the 4hr deathcross from happening...however if we dont immediately nosedive after the cross then the cross will likely be a fakeout and shortlived. So very important here to see how price action reactts to any kind of deathcross...as long as price stays above both the 200(in blue) and the 50ma(in orange) i should result in a fakoeut. If not it will resume dumping.
COINBASE:BTCUSDLong
by DrDovetail
right shoulder's TTL bounces priceaction back into the diamond. A very bullish sign here as the 1hr head and shoulder pattern hiding within the 3hr diamond just decided to go on and dust it's shoulder off as price action bounces off the right shoulder of the head and shoulder's top trendline and has now been bounced back into the diamond pulling off a very successful bear trap....this increases probability of a bullish breakout but we must remain vigilant in our cal composures until a bullish breakout is confirmed it could easily follow a bear rap up with a bull trap as it often likes to liquidate shorts and longs within the same pattern. my bias is bullish but until confirmation the idea remains neutral.
COINBASE:BTCUSD
by DrDovetail
4hr Diamond bottom price target hit with 100% precision!TA once again working is magic as the diamond bottom breakout on the 4hr chart has hit its target with 100% accuracy! Next to trigger should hopefully be the 1day charts falling wedge which should have a breakout target around 11.5k and then if we're lucky the double bottom will trigger which could take us back to 13k...those 2 patterns are still up in the air but the falling wedge has gained much more probability of triggering than it had thanks to this 4hr diamond bottom breakout.
COINBASE:BTCUSDLong
by DrDovetail
1