Polkadot working on an invh&s and a double bottomThis inverse head and shoulders pattern almost got nullified when price starting heading back towards the head but since price never went below the head it’s surprisingly still in play. It also got low enough to the head to create a double bottom pattern n the process. The double botto pattern has an even higher neckline than the inverse head and shoulders and thus a higher breakout target. *not financial advice*
Dailychart
Yet another golden cross spring board in the alt marketThis tie it was litecoin who’s price took off and broke above it’s chart pattern right when the golden cross occurred. Further adding probability to my hypothesis that golden crosses during the second parabolic cycle of a bull run tend to have their intended impact immediately rather than taking a few days-weeks to confirm like they do during the other market phases. *not financial advice*
Arbitrum hits full inverse H&S breakout targetWouldn’t surprise me if it started forming a right shoulder for another inverse head and shoulders patter at this range. It s essentially dong the same thing Optimism is doing today, which makes sense they’d have similar price action/patterns because both have been selected for Blackrock’s BUIDL. *not financial advice*
Inverse head and shoulders and golden cross on algorandMuch like litecoin’s current setup, algorand is also in the midst of completing the right shoulder of its inverse head and shoulders pattern as a golden cross is set to occur in the next 2 -4 daily candles. Hopefully the golden cross on both algorand and litecoin provide the same bullish momentum we’ve seen it already provide xlm, solana, and the total chart, if so we should see the price action break above the enckline of this inverse head ad shoulders pattern not long after. I’ll link the litecoin chart down below for easy access to compare the similarities between these two charts. *not financial advice*
Bitcoins been climbing up the measuredmove line like a staircaseAs often happens, we can see the past 7 daily candles have used the dotted red measured move line like a staircase as it slowly ascends it towards the full breakout target around 100k. It always amuses me when I see price using a breakout target line in this fashion. Just another reminder that TA works. *not financial advice*
2 bullish patterns breaking upward on IOTAA double bottom pattern and a descending triangle that are overlapping eachother on the 1day IOTAUSD chart have begun to breakout and climb towards their targets. Perhaps in part that is one of a select few of current iso20022 compliant cryptos *not financial advice*
LTC about to complete right shoulder right @ the golden crossIf Litecoin’s price action reacts the same to its golden cross as many other crypto charts have recently, we will likely see Litecoin rise above the invh&s neckline i the coming days. A confirmed breakout from the invh&s has a breakout target of around $173. *not financial advice*
Golden Cross having immediate bullish impact in parabolic cycle The next couple charts I post will simply be to lllustrate how the golden cross (orange line crossing above the blue line) immediately resulted in a very pivotal bullish pump that coincided with a major fulcrum point on the chart recently on multiple different charts. More times than not in the other market cycles, when a golden cross occurs it usually takes a few weeks afterwards to know whether that cross will have its desired outcome or instead end up being a fakeout but lately I’ve noticed multiple charts have seen an instantaneous pump on the exact day of the golden cross, which is making me think that once we enter the 2nd parabolic phase of a bull market that that is when you can anticipate a golden cross to have its immediate intended effect its suppose to have with much much higher probability than all the other market phases including even the 1st half of the bull market. Anyways I wanted to illustrate that hypothesis here with the Total chart as you can clearly see it’s a text book example, and I will try to also include another example where this occurred either in a follow up chart post or below if I can figure out how to get tradingview to let me post images of other charts below without making an entire new post for it. One major reason I want to illustrate this is because within the next 1-2 daily candle closes the Total2 (aka altcoin market) chart is going to have its golden cross and it is currently trying to confirm the breakout upward from a cp and handle pattern which is a huge fulcrum point for it. SO should the trend of instantaneous golden cross pump effects occurring the same daily candle as the cross itself, this could clue us into exactly when the real full on alt season will be about to kick off (which if correct, wll ignited by a BG pump within the next 1-3 daily candles). I will link the impending total2 golden cross chart below for you to reference and keep a eye on. *not financial advice*
A subtle channel breakout most people wont notice on xrpThis channel is a little sneaky as the majority of the key touches on the top trendline happened earl on in the beginning of the channel, the 3rd resistance of the top trendline of the channel is much more visible on the 4hr chart but I wanted to show it on the 1day chart to see the entire channel in the frame more easily. Rising channels breaking upward are always a good sign that we are starting to enter the parabolic phase of a bull market. Already well on its way to reaching this target. *not financial advice*
Avalanche Inverse Head & Shoulders PatternThe price action is currently retesting the dotted measured move line for potential support. Always possible to do back below the neckline but if the measured move line holds support we might not. Either way I anticipate ths pattern reaching its full target in the near future *not financial advice*
Aptos forms a new invh&s while reaching the target of its last 1Previous inverse head and shoulders target on APTUSD has just been hit. Upon reaching that breakout target, it formed another invh&s neckline and also broke generously above it as well in the journey. I will add a link to the previous invh&s chart below. *not financial advice*