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Bullishbreakout

Btc about to hit smaller double bottom breakout target.I’m sure this chart looks like a mess to most of you but every line currently on the chart is part of a pattern that is currently in play. We can see the smaller double bottom pattern we have been above the neckline of for a few days has a breakout target of 47.7k which it appears we are currently heading to now. In doing so, price action has also hoisted itself above the neckline of another larger double bottom (top green horizontal) and if it can hold support on that neckline the breakout target for the larger double bottom is around 54k! 54k also happens to be the same breakout target zone for the falling wedge(not shown here) that we broke up from back in January or February and had been charting since last December…so its nice to see that sort of bullish confluence. We are also finally seeing price action considerably above our tan rising wedge here which is a good sign especially if we can maintain its top trendline as support. The smaller double bottom’s breakout target of 47.7k takes us right up to the top trendline of our rising channel (in purple) so it would not be unexpected if we see that line maintain resistance at first. I imagine we may send a wick above it to test the 200ma and initially see a rejection that sends price action back down to retest the larger double bottoms neckline for support, at which time I’m guessing the bigger dbl bttm’s neckline will hold support and once it confirms its breakout is when we will finally break above the purple rising channel as well as the 200ma (in blue). We shall see though because we always have to anticipate an unexpected black swan event could send us 180 degrees the opposite way as well. For nw though, the charts are lookin super bullish. *not financial advice*
BITSTAMP:BTCUSDLong
by DrDovetail
2
Falling wedge appears to have confirmed the bullish breakout. We closed a few daily candles above the wedge, then as I anticipated we had a candle dip back down to retest the top trendline which ended up confirming solidified support. Two candles later we had our massive confirmation candle. It appears we have ended the downtrend here and turning the fulcrum back to resuming the uptrend. If so, and the bull market is still in progress then we should reach the full measured move breakout target of this wedge. *not financial advice*
BITSTAMP:BTCUSDLong
by DrDovetail
Just closed 2 consecutive candles above the ttline of the wedge!2 consecutive daily closes above the wedge’s top trendline. This hasn’t happened before on this wedge and we’ve been in this wedge since October! Of course this doesn’t confirm a breakout or anything just yet but does increase our probabilities of one…still a chance a fakeout could occur here instead so must remain vigilant. I’m thinking to cool off some stochrsi and other indicators it will probably retest the top trendline before the real breakout so I’m prepared to load up on some alts and a meager portion of bitcoin when it retest the trendline maybe around 37k. Only of course, if the top trendline confirms that it has flipped itself to solidified support upon being retested. There is also a chance that it could breakout without having the mini retest correction, in which case I will add to my bags just slightly higher. Of course, there’s also a good possibility this is a fakeout still. Another 1 to 2 daily candle closes above the trendline should help to confirm it. Although I’m leaning long, until it confirms I can’t slapthe long on this one so it is gonna be listed as neutral. Bes of luck out there. Thanks for reading! *NOT FINANCIAL ADVICE*
BITSTAMP:BTCUSD
by DrDovetail
6
ETH Bullish Triple Bottom o I'm just dreaming? Opinions, please!I sincerely wish for a bullish future for ETH, so this makes me wonder if my brain is playing tricks o I see a Bullish triple bottom forming up. *Strong support level at 38% FIB BLUE ARROW = BULLISH TRIPLE BOTTOM = Happiness for those with long positions. RED ARROW MEANS = I have no clue what will happen so, be alert. Happy trading for everyone. Ps. I would much appreciate opinions on this idea to grow together, Thanks.
Long
by TradersJournal
$BTT/USDT 3D (Binance Spot) Big bull pennant breakout and retestBitTorrent is holding above 100EMA support and is finally showing some bullish pattern on macro view. That Tron / BSC token is focused on Filesharing and Storage, more info on www.bittorrent.com Risk/Reward= 1:3 | 1:7.42 | 1:13.9 Expected Profit= +93.61% | +231.93% | +434.28% Possible Loss= -31.24% Fib. Retracement= 0.618 | 0.883 | 1.117 Margin Leverage= 1x Estimated Gain-time= 6 months TRON10: 1002000 BEP20: 0x8595f9da7b868b1822194faed312235e43007b49 ⚡️⚡️ #BTT/USDT ⚡️⚡️ Exchanges: Bittrex, KuCoin, Huobi.pro, Binance Signal Type: Regular (Long) Entry Zone: 0.003573 - 0.002873 Take-Profit Targets: 1) 0.006240 2) 0.010698 3) 0.017220 Stop Targets: 1) 0.002216
BLong
by TradingOn
$LTC/USD 3D (Binance Coin-Futures) Ascending channel on supportLitecoin broke-out bullish a few weeks ago and has now pulled back towards 100EMA where big demand zone stands, let's swing! Risk/Reward= 1:2.5 | 1:4.6 | 1:8.24 Expected Profit= +50.72% | +93.57% | +167.57% Possible Loss= -20.33% Fib. Retracement= 0.702 | 0.883 | 1.117 Margin Leverage= 1x Estimated Gain-time= 5 months litecoin.org Current Price: 195.08 Entry Zone: 191.92 - 171.62 Take-Profit Targets: 1) 273.97 2) 351.86 3) 486.37 Stop Targets: 1) 144.82
BINANCE:LTCUSD.PLong
by TradingOn
$STMX/USDT 1D (Binance Futures) Symmetrical triangle breakoutStorm X reversed and double broke-out bullish, continuation is in play but we believe a last retest of TL & 50MA is likely first. Current Price= 0.02420 Buy Entry = 0.02103 - 0.01848 Take Profit= 0.02863 | 0.03749 | 0.05297 Stop Loss= 0.01533 Risk/Reward= 1:2 | 1:4 | 1:7.5 Expected Profit= +44.89% | +89.73% | +168.07% Possible Loss= -22.42% Fib. Retracement= 0.618 | 0.786 | 1 Margin Leverage= 1x Estimated Gain-time= 2 months
Long
by TradingOn
$IOTA/USDT 1D (Binance Futures) Falling wedge breakout & retestInternet Of Things Application is pulling back to demand zone, retesting 50MA support, seems like a nice place to start a swing! As its name stands, this is an IoT project also available of BSC, more information on www.iota.org Current Price= 1.3333 Buy Entry = 1.3424 - 1.2540 Take Profit= 1.6873 | 2.2630 | 2.7920 Stop Loss= 1.0753 Risk/Reward= 1:1.75 | 1:4.33| 1:6.7 Expected Profit= +29.97% | +74.32% | +115.07% Possible Loss= -17.17% Fib. Retracement= 0.702| 1.117 | 1.414 Margin Leverage= 1x Estimated Gain-time= 3.5 months
Long
by TradingOn
1
Just realized I never posted these targets.I was looking back through my ideas and realized I didn’t see a published version of the breakout targets for the weekly bull flag I’ve been watching for awhile now…So I decided to post one now. I’ve been saying this for months now but once we flip the top trendline of the channel which is also the flag of the bull flag to solidified support thereby confirming the breakout that we had 2 huge targets to look forward to. The first one around the 64k level is the breakout target just for the channel itself. The bigger target at 97k is for the entire bull flag. As with most pattern breakouts on this large of a time frame it can take multiple months sometimes to reach the full breakout target. Rest assured though we have most definitely confirmed this breakout and we should hopefully see the channel target reached in the next few weeks and the flag target reached within 2 months time. Just a rough estimate on my part but I’m confident we will eventually reach both targets.
COINBASE:BTCUSDLong
by DrDovetail
2
Btcusd getting closer to reaching the channel breakout target.As I have shown extensively in previous ideas, we broke up from this green channel in August. We are finally nearing the point where we should be reaching the measured move breakout target of 64150 in the next few days. This should allow us to retest the ATH for BTC. A correction is to be expected afterwards at that point but not guaranteed. If we were to correct at that point I think we will ultimately maintain the support of the weekly 50ma and likely the daily 50ma as well. A retracement to as low as 50k could very well be in the cards however before the next big leg up. My next targets after this would be of course the whales favorite psychological zone of 66,666 and then 68111 (the target of the bull pennant with the yellow wedge), after that 72500 and then 80k(inverse h&s target) before my final current measured move target of 97k. The 97k target is the measured move taken from turning the channel who’s target we are about to hit, into a giant 2week chart bull flag. Now that the channel is reaching it’s breakout target, the entire bull flag is likely to as well.
COINBASE:BTCUSDLong
by DrDovetail
ETHUSD’s handle to its c&h is an inv h&s about to triggerCheck out this beauty. A nice,slightly downward tilted cup and handle pattern on ethereum. We can see the handle of this cup and handle is also an inverse head and shoulders pattern, and that inv h&s pattern looks like it’s about ready to trigger/confirm its breakout. If it does the measured move target is right around 4700. If it therefore confirms that breakout it will likely confirm the c&h breakout as well as price action makes it’s way to the inv h&s breakout target. My guess is we will see a breakout within a week or so.
BITSTAMP:ETHUSDLong
by DrDovetail
11
$LTC/USDT 12h (Binance Futures) Descending channel breakoutLitecoin seems to finally be done with the down-trend after regaining 50MA support. It already retested it once but could dip a last time before heading towards 200MA! Current Price= 136.33 Buy Entry = 132.73 - 123.77 Take Profit= 155.64 | 176.38 | 199.91 Stop Loss= 106.26 Risk/Reward= 1:1.25 | 1:2.19 | 1:3.26 Expected Profit= +21.36% | +37.53% | +55.88% Possible Loss= -17.15% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 1x Estimated Gain-time= 1 month
Long
by TradingOn