long live canblong position here @ $canb
$canb breaks away from the trend ,
moving average starting to show us some love as the volume picks up!
Bullishreversal
BAT bounce play Bat has all it takes for a bounce over its bullish bat support. Keep a close eye on BTC movement as a BTC breakout over 7200 or a breakdown under 5800 can invalidate bat bouncing for more assurance for the bounce don't forget to drop those likes ;)
The most decisive moment for Bitcoin. 2 more days at MOST!Hey everyone
Looks like bulls are trying to push the price above that 7000 mark. This could be a big fake-out before the price eventually goes down below 3k, probably all the way down to 1k. We could even see a 3 digit bitcoin price for a very short while. Who knows! everything is possible with bitcoin.
In details:
The two red lines show us a rising wedge. Rising wedges, by nature, are bearish patterns. It is 69% likely to break to the downside.
If we were to draw these two red lines differently, we would see a bear flag. That is also a bearish pattern and is most likely to break to the downside.
If we were to take this rising wedge as a bear flag instead, then Bitcoin has the chance to see one more leg up before it breaks to the downside. That would eventually give us a target of all the way down to 3000k and eventually lower.
At the time of writing this post, the price is battling at 7060$.
The rising wedge will be invalidated if Bitcoin breaks above 7,600$ area.
Nifty 50 , 75 Min Chart Analysis . TRIANGLE PATTERN In 75 Min Chart Over All Structure Is Getting Neutral , Price Taken Some Pause And Consolidating Here .
1) Triangle Pattern Is Formed .
2) Price Retraced Fib 0.618
3) Rsi Giving Strong Divergence
If Triangle Brock Upwards And Crosses 9039 . Then It Will Give First Reversal Sign.
one Can Trade If it breaks 8678.30 with Strong Bullish Candle Or After Breaking Bullish Reversal Can NSE:NIFTY NSE:NIFTY dlestick Pattern High .
BITCOIN BULLISH - BUT HEADING SOUTH FIRST!Hey all!
Hope everyone is having a geat day! ... errr night. errr wait. Morning. Whatever time of day it is -I hope you're enjoying it.
Update to my previous 5 published ideas.
We look to be continuing to play out the larger CUP AND HANDLE BULLISH REVERSAL PATTERN over -all.
The tricky part has been ID'ing the HANDLE structure and where to expect BTC to begin it's break out. It's looking a bit more clear now.
ALSO! - Keep your eyes and ears out tomorrow into Monday morning with the Stock Market opens... For a better take on the this, check out @davincij15 's Tweet: twitter.com
What do you think? Would love to hear your take on this price action.
Cheers-
POSSIBLE BULLISH SCENARIOHey guys..
in my previous post, I suggested I'm walking away from this for a little bit -but decided to take 70% of my bag offline and see if I can't flip the remaining tonight.
Here is what I'm looking at.
Eyes on MONEY FLOW, VOLUME, VWAP, RSI, and looking for momentum changes on the MACD..
If we fall to the downside of this BEARISH PATTERN (some say symmetrical triangle, some say Bearish Pennant) -we could be setting up for an INCREDIBLY BULLISH DOUBLE BOTTOM!
Bitcoin LOVES the DOUBLE BOTTOM reversal pattern..
Waiting to see PA develop a bit more, will be back with my strategy once I know more.
What are you guys n gals thinking? Are you seeing something different? Pls comment below -let's all put our brains together on this!
Also - If you're trading on BITMEX... WHY???? Please join the #BOYCOTTBITMEX movement. EFFFF those criminal pieces of sh!t.
Your favorite sh!t talker -BitCapJohnny :)
Something big brewing on XRPETH 1 day chart: looks like a bullish reversal candle of sorts as bittrex doesnt typically fall victim to flashcrash scam wicks like ethereum does. Neutral for now but won't take much to make my flip to long on this one just looking for some follow up confirmation on the next candle or 2. Massive bullwick and massive volume seems to hint at more to come.
Reversal? Waiting for BTC to show signs of a BULLISH REVERSAL.
Currently - Looks like we're at the decision point of a V Bottom.. Waiting for the break out of the GREEN BOX
If we break below this box, a potential double bottom reversal is in play, if we hold support on the 38.2% FIB RT.
Just being completely honest -BTC is not giving me ANY clear signs it wants to break out.. so, if the V Bottom confirms, I will enter a small trade -but other than that, just waiting for some development and an eye on VOLUME.
What are you all seeing?
Am I missing something?
Thanks for looking!
STRONG BULLISH REVERSAL? XRP/USD 2D MTFA ENGLISHNovice trader speculation. Use at your own risk.
After some research, I discovered a useful combination of moving averages.
I will leave the research to the traders, as it should be, but we may be looking at a bullish head and shoulders trading pattern forming on the 2D.
As always, eyes on BTC for movement.
LOGIC:
-XRP and MoneyGram
-Under-rated and underestimated cryptocurrency
-Multi-ledger incoming
-Cheap...currently
That's all for today.
I would love to keep pushing out ideas but school comes first.
Again, I trade paper, and dabble in small amounts of crypto live trading.
I am a novice and this is speculation and TA.
I do this because I enjoy trading and I enjoy patterns...oh yeah, and profits.
Live long and profit.
-ZM
EW Analysis: DASH Is Showing Bullish EvidencesHello traders!
Today we will talk about cryptocurrencies, specifically DASH in which we potentially see the bottom and bullish reversal.
Well, what we have noticed in the Crypto market is that we usually see some trend changes at the end of the year. Let's take Bitcoin for example; BTC topped at 20k at the end of 2017, then bottomed at 3k at the end of 2018 and now at the end of 2019, we may see another trend change, ideally to the upside after a complex corrective decline in the second half of 2019.
Anyway, let's talk about Dash. Dash was not so strong like BTCUSD in the beginning of 2019, which has later, in the second half of 2019 caused bigger and much more impulsive decline back to 2018 lows, mainly because of BTC dominance, while BTCUSD was trading just in a corrective downtrend. But now, at the end of 2019 and in the beginning of 2020 seems like we may see a bullish reversal once again, so let's go through some evidences.
The first evidence is that DASH might have completed a big five-wave decline from June 2019 highs.
The second evidence is that DASH formed a big an ending diagonal (wedge pattern) into the final wave 5.
And the third, the most important evidence is that we can see a five-wave bullish turn from the 38.00 psychological target level, which confirms more upside at least for wave "c"or "iii" after pullback in wave "b" or "ii".
That being said, we believe that DASH can see at least a bigger recovery in three waves towards 80 area, but there's also a high probability that we may see even higher prices towards within wave "iii" this year.
Be humble and trade smart!
If you like what we do, please like and share the idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Broadening WedgeBroadening wedge, with a target price calculated as 60% its broadest point subtracted from the area of the pattern breakdown, gives Target Price of $16.70. A secondary pattern that following the upward trendline (in black) also has a target price of $16.70. I would pre position with a buy at $16.75 and keep a stop loss below $16.30.
EURUSD intraday setup Bullish price action reversal on the H1. SL below the weekly pivot s1 and TP around older week pivot R1.
BTCUSD 8/31/19 Possible Bullish ReversalThe market is showing signs of a possible bullish reversal of the current downward trend. The volume in the market isn’t supporting further downward motion and prices looks like it’s going to rebound.
Looking at candlestick patterns on the daily chart we have tweezer bottoms and a spinning top formations that are both reversal patterns.If we add in the Bollinger Band indicator we see that we are near the bottom of the band and there is not enough volume to allow for a further breakout in price below.
Next price actions that would validate a bullish reversal would be for the daily to close above the 100 EMA followed by closing above 10,000 and then being able to break through and close above a band of resistance from 10,000 to 10,400 taking out the new monthly pivot point.
RVLV bullish trend reversalRevolve just broke upward through its downward trend line ahead of earnings. I hesitate to buy this breakout because it happened so suddenly, and big green candles like that have a tendency to reverse themselves. However, I will buy if it pulls back.
ANTM trendline breakoutWow. I noticed this bullish trend line breakout first thing this morning and picked up a few shares, and it already hit my first target. Hopefully it will pull back a little from here and offer a buying opportunity to those who want it. It should stretch up to at least the next trend line in the next week or so.
AUDUSD 4H HOW FAR WILL THESE BEARISH FLAGS FALL4H chart is plotting several bearish flag patterns
How far will these bearish patterns continue to fall
Bullish pullback is going to happen.
Price can continue to fall bearish
Or bounce back bullish.
BTC W TF Shows Bullish Reversal Signals1) Broken Trend line with a strong W candle
2) AO shows divergence
3) Alligator is turning upwards
Hence: BTC reverses (could be both short and/or long term)
10K-11K is an achievable target
ZIL/BTC -> Novice Three Candle Bullish Reversal PredictionA Dragonfly Doji seems to be in the makings for ZIL/BTC.
This bullish three candle reversal needs the next day's
candle to confirm as bullish as well to prove the subsiding
sell pressure.
If confirmed as a reversal, first target would be ~381 sats.
Next target would be ~430 sats met by resistance that has
already been tested once so the rejection off of it (if any)
won't bounce as hard as it did April 19-23.
Invalidated with April 25 1D candle closing bearish.
Medium Term Buy on FirstSource Solutions Ltd.FirstSource Solutions Ltd. is Buy with a target of Rs. 66 and Stop Loss placed at Rs. 42.
On Technical Charts FSL has created double bottom at 46-47 levels with hammer and one white soldier pattern and follow up buying also confirmed its bullish reversal.
So one can buy FSL at current levels with stop loss suggested for a period of 3-4 months of positional call.
If anyone interested in more such fundamental and technical calls please visit our website wp.me
FLO BTC Momentum AnalysisFLO BTC is showing a shift in momentum, as it broke out of the final leg of the decending fibonacci fan, signalling bearish exhaustion in December 2018. We also saw a double bottom formation in this area, flowed by a bullish reversal. As the momentum has now shifted i expect the bullish trend to continue, though we may see a correction on the smaller timeframes subject to the volitility swings of bitcoin and the crypto market as a whole.
My perspective on this is that, if FLO BTC can break above the 2000 satoshi level, then the chances of it reaching the higher fibonacci levels would greatly increase. However, entering a long position at the current price, 1850 satoshis, could be risky due to this area being a resistance zone, with the support levels located below at 1400, 1100 and 1000 satoshis. It is at these levels, I would look for a bullish candle, on the local timeframe, to enter a long position.
Not an expert, not financial advice.
Biffy.
