Get started

AND

Xrp now testing inv h&s neckline after breaking up frm sym trnglhere we can see the inverted head and shoulders and how xrp is currently testing the neckline. I have two price target as here in black boxes. The first one represents how high we should climb after breaking up from the small symmetrical triangle(in green). The second much higher price target is where we will go if we trigger the inverted head and shoulder pattern which I anticipate is a very good probability but for now we could still reach the first price target and then still do a fakeout of the inv h&s so be prepared for that possibility. If we do trigger the inv head and shoulder and climb all the way to the second higher price target, the good news is then we will also be right near the neckline of an even bigger massive inverted head and shoulders that could take us all the way to .00025 sats if we were to trigger that one. I anticipate a correction before we would test that one however if we do manage to climb that high...thanks for reading! *not financial advice*
Long
by DrDovetail
Massive head&shoulders on btc triggers reaches first drop targetbad day in btc today as a big head and shoulder pattern has triggered and reached the first possible drop target which it is now currently wicking upward from. That target was calculated by not including the super tall bitfinex tether wick on the head that happened in october...the second target is about 1,000 lower than that and factors in that massive wick...there's still a chance to hit the lower target of course but because that super tall wick on the head was so manipulated to begin with we may only reach this first target instead...hopefully you all sold when you were given confirmation that the head and shoulders had triggered...I'd say now is a safe place to buy back in if so with a stop loss a few pips below this if it seems we may go for the lower target that includeas the massive bull wick in its calculations. One other very alarming thing here is that we have busted below the support line that has held strong since 2011. That's a very bad bearish sign. Hopefully however now that we have had this massive drop this will usher in the bull season potentially even before the end of the year if we are lucky enough to get one of those massive rebound bounces...For now though things are looking very bearish and there's still a chance we could fall as low as 4.7k on the bitfinex chart.
BITFINEX:BTCUSDShort
by DrDovetail
Huge bullish volume on XEM 1 day chart; Testing inv h&s necklineHard not to jump in on this with that giant volume bar on XEM I say wait until we have a confirmed break above the h&s neckline though that flips the neckkline from resistance to support and solidifies it with either 2 1 day candle closes above it or another huge influx of bull volume once it crosses above the neckline...it's already done a fake out once it could attempt a second and even third fakeout. Be vigilant.
XLong
by DrDovetail
1
H&S Pattern appears to have been triggered on XRPIt seems the head and shoulders pattern has been triggered. We are currently at a potential support zone on the 1 day charts 200ma(not shown here) If we can bounce there or at least before the horizontal aqua colored line shown here it will be a very good sign because we will have simply formed a higher low but if we were to reach the projected drop target of the head and shoulders pattern breakdown we would definitely be forming a lower low. Anyone who didn't already get out of their position or short when the 4hr volume indicated the head&shoulders was triggering I would say to wait and see if the 1 day 200ma support fails and even whether or not the priceaction dips below the aqua trendline before shorting at this point you don't wanna fall victim to buying the bottom of this dip.
Short
by DrDovetail
A Bearish and Bullish case for XRPThis idea will be listed neutral because while we still have the very bullish and valid Symmetrical triangle here we have also developed a head and shoulder pattern which is currently now threatening to break the neckline of. Many head and shoulder patterns become fakeouts though so if it is the case that this head and shoulder pattern is a fakeout as well I think that will highly increase the probability of the symmetrical breaking upward like continuation patterns are known to do...Keep a close eye on the head and shoulder pattern though because if it does trigger not only will it initially have the drop target I've posted here in red, but it will also trigger a breakdown of the symmetrical triangle pattern which can dip it the height of the triangle. Do not buy into the head and shoulder pattern prematurely even with it dipping below the neckline best to hodl until we see a bear volume surge to confirm the breakdown. If we break upward the bullish breakout price target is also listed here in green.
by DrDovetail
1
XRP 4hr cup and handle pattern overlapping 1day bull pennantShow here is the 1 day chart bull pennant. I will post the 4hr chart below this to get a better look at the cup and handle. The top trendline of the bull pennant is overlapping with the rimline of the cup and handle pattern...which is currently causing double reinforced resistance...I believe however by the apex of this 1 day bull pennant(next 1 day candle) that we will be able to flip that resistance to double reinforced support and continue our breakout upward. We should know by the next 1 day candle....of course always wise to be prepared for the exact opposite outcome as well.
Long
by DrDovetail
4
SP1! Still a Buy Dips Market - Long and Strong S&P 500 Update SP1! Chart 12:36 Bst 07:36 Est 22nd September The S&P has given back 8 or so points from the high reached at 2945. ideally it will come back to 2935 around the open and bounce again from there to give another entry point. This still looks positive whilst it holds at 2935 and above. S&P 500 Update SP1! Chart 10:10 Bst 05:10 Est September 22nd The S&P has continued its rally overnight and is now probing the next (still sketchy) resistance level at 2945. Still difficult to identify a stop level under this long shot as there's still been no consolidation overnight. Can either close out and take the 27 points profit from 2918 long or raise the stop to 2930 and let it run some more. If you choose to close out the long rather than hang on to a notional stop be ready to follow long again from lower down towards 2930 if we see it later - otherwise be ready to follow long again on a break above 2945 with stops 2 points lower looking for a test of the upper parallel at around 2964 as the next likely point of resistance above 2945, (amended). Resistance potential: 2945, 2964/upper parallel, 3005, 3209. 18:32 Bst 13:32 est September 21st A stellar day for the major markets has seen the S&P blast higher all day - amazing if there's no profit taking towards the close. Even if there is am staying long towards 2946 as we should have a good day tomorrow - at least to begin with before boiling over. Some may prefer to close out because the stop has to stay under the 2916 line otherwise as there's been no correction so far to be able to raise the stop through the day. This break is good and signals further upside to around 2945 initially. But has more in it to 3005 and then 3209 before the year is out. This is obviously best guess from here - we're in deep uncharted waters - but this break looks good for the medium term. 13:06 Bst 08:06 Est September 21th Long story short it's still a buy dips market - it was OK to get long again once the 2913 line was broken to the upside a little earlier today but the stop has to stay under 2910 for now if so. Otherwise take profits at 2919 but be ready get long again once 2920 is broken above. If flat it's OK to wait for the next signal from here which looks like a break above 2920 looking for 2946.
SLong
by sumastardon