EURAUD descending channelafter bouncing from support, price is looking like it's going to retest structure to form a descending channel.
Descending
BITCOIN-Bulls Are Waiting JUST Around The Corner - 10K USD?Hey Friends :)
Once again, I do apologize for not being consistent with new charts and updates all the time. I have made many charts and many updates for almost 2-3 months every single day, and I know it also automatically creates some expectations. But I've been really busy lately with my company. A lot of exciting stuff is happening - but I must also admit I've been pretty stressed, and I simply didn't have the time. I can only promise you, that I will do my best to keep you updated - I hope you understand :)
Let's this time take a look at the 4h BTCUSD Chart! We have for many days been in this grey zone, where it has been very hard for most traders and top traders to figure out where we are going midterm (above or under 10k). Also for me. That is also why I have warned inexperienced traders about playing with Bitcoin - especially margin trading due to traps and shakeouts by the whales who liquidates longs and shorts again and again.
SO... As you can see we had the Regular Bearish Divergence (price making higher highs, while RSI is making lower highs), which took us down from 9,9k to where we are now. As you can see we are at this very moment in a descending wedge, which is a bullish pattern.
I therefore believe we very soon will break out and go higher - it also match with the Hidden Bullish Divergence from 3 weeks ago (price is making higher lows, while the RSI is making lower lows). This is a continuation pattern and predicts, that we will be able to continue our uptrend - BUT. The bullish divergence is being LESS noticeable.
SO HERE IS THE DEAL:
- Expect we will break out and land in the orange box (around 9,150-9,4xx USD)
- If the bulls have to succeed they cannot stay too long in the orange zone. If they do so, they will be caught in a bear flag (or HS pattern), which will eventually take them further down, also due to the lack of trust in the attack. We will most likely go to 8,8k-8,6k.
- So the bulls have to go above 9,500 USD pretty quickly (green box). If they manage to hold that level for some while, it will create a lot of hope, which might give the bulls that extra push to go through the ugly zone 9,7xx-10,000 USD of confluence resistance.
Because of all the uncertainty at the moment, and support- and resistance levels everywhere, we can only take one step at a time. If we fall to 8,800 USD, we have to rethink everything again. If we can go to 9,500 and stay there for a while, I will go with the bulls, and believe we most likely will go through 10,000 USD soon!
Go Bulls!
D4 Loves You <3
Please leave a LIKE and Follow - Thank you so much my, friend :)
NXTBTC idea!Today i would like to share with you my idea on NXTBTC!
from the hour chart, we see there is a descending triangle formed!
Usually, a normal descending triangle would break downwards, however, if we see the stoch RSI and also the RSI, the levels are way too low, meaning that it would be less likely to go down!
Instead, there is a possibility that it would break upwards/upside!
In addition to that, the support levels are also very strong.
This is not a financial advice.
Goodluck!
Ripple Breaks Upward out of Descending TriangleRipple has just broken bullishly up out of the descending triangle it was in, and also well above its 4hr buy sell line. What's more this descending triangle may be the handle of a larger cup and handle pattern which if so would only lead to much more upside in the near future. This looks like a good entry point, but since I've been in for awhile I will simply laddering in more amounts of ripple incrementally.You choose your own strategy and good luck *not financial advice*
1 week chart's descending triangle pattern reaching apexHere on the 1 week chart you can see the descending triangle pattern we have been forming since the all time high in December...I have illustrated the triangle with lavender trendlines. You can also see that are current weekly candle(which closes this sunday night) has currently broken above the triangle and will likely close above it as long as the price action can maintain itself above 7400. After the recent break above the bull flag on the 4hr chart, and the current support lines blocking that price action from dipping back into the bull flag which will most likely confirm that breakout, odds are very good that we will close this weekly candle above the weekly descending triangle. I'm not entirely sure on the weekly timeframe if you need an entire follow up 1 week candle to confirm the pattern breakout because I normally am looking mroe at the 4hr and 1 day charts...it may take an additional 1 week candle to confirm the breakout or it may only take a few 4hr candles after the current 1 week candles close...not entirely sure yet. We can see that the current resistance for the price action is the 1 week Tline(in yellow). I believe if we can simply keep retesting this line until wwe break above it and flip it from resistance to support. Then at that point a bullish breakout of this weekly descending triangle is almost a certainty, and the projected breakout target of that is massive at around 1880 shown here with the dotted lavender trendline. If we confirm the 1day bull flag breakout which is a very high probability, then the projected breakout target of that will certainly allow us to flip the 1 week t line from resistance to support...we also have still yet to reach the initial falling wedge bullish breakout target(from way back at the beginning of April) of the 9400 range, so even just finally reaching that breakout target will allow us to flip the 1 week Tline from resistance to support, but we will also liekly have the momentum of the current 1day bullflag breakout to go with it and then eventually we will have the bullish breakout of the Adam and Eve double bottom which it's target once it breaks the neckline is noted here on the dotted white vertical line at around 16600s. Overall it really is a perfect storm of bullish breakout targets and I'm confident we will see a very Bullish 2nd quarter and likely a new all time high between May-Early July and possibly as early as May 7th-9th based on my fractal analysis of the adam and eve from september 15th of last year. Of course, with fractals they always have slight nuances and differences between them like identical twins do so there it's more likely that it wont be exactly 3months in between the first bottom of the double bottom and the all time high but it would be very fascinating to me if it did happen like that. Anyways this is of course only my thoughts and not meant to be taken as financial advice for I am not a financial advisor...yo choose your own path...Happy 4/20 good luck and thanks for reading!
A rare look at the weekly chartHey all, just wanted to show you guys a chart that I rarely use but can come in super handy when long term patterns emerge: The 1 week chart. Here we can see that another much larger descending wedge has formed with enough touches on the top trendline and bottom trendline to validate them, odds are very good it will break upwards just like the last descending wedge we had on the 4hr/1day time frames. The potential upside to a bullish breakout like this is rather massive so buckle up. We should know which way this wedge is going to breakout no later than the 23rd...Just in time for my birthday! I am anticipating a very happy birthday indeed! On the way there we may experience some minor retracements at which point I will simply be buying the dips and don't plan on shorting anything unless it takes a dive in the enxt day or 2 all the way back to the eve trendline. I am only going to short fractional amounts if it starts treating the 4hr 200ma consistently as resistance. and will buy back around the 4 hr buy sell line and dipbuy anything more that dips below it. You of course choose your own path as this is not financial advice. Thanks for reading and good luck!
EURUSD Descending channelEURUSD has been ranging in a 350pip zone since the beginning of 2018. Previously we suggested a bounce from the support zone, unfortunately our stop was hit before it bounced from the area but now we can see price is in a descending channel, if this channel holds we would expect another test of the support zone, alternatively if the channel is broken a retest of the resistance area.
GOLD ANALYSIS Price recently bounced from a major resistance and price appears to have formed a descending channel, we are look for further downside as price looks very bearish at the moment.
Nearing the end of descending wedge on the daily chartSo far price action on the 1 day chart has been adhering to this descending wedge I've illustrated here with red trendlines. Descending wedges tend to break upward when they reach their end....if this one were to do just that it could have an upward target of as high as 10500.....this would play in beautifully with where the adam and eve double bottom would need to reach to become validated and the combination of the 2 could potentially see us have a very bullish 2nd quarter of the year, for now I will list this idea as neutral even though I'm bullish in the long term just because you should always wait for the breakout to confirm such patterns....but I'm definitely leaning towards the bullish side of neutral. Things to keep an eye on are big surges in multiple alt coins as a precursor that some whales are anticipating a blast off of btc...that can often be a good heads up that things are going to be climbing. Another coin seeming ready to bust out of a big descending wedge is NEO so keep a close eye on neo and maybe grab some up if you are able to. Definitely wait for a breakout/confirmation of volume or multiple candle closes to be sure though.
NEO - NEO potential descending wedge breakoutNEO on the 1h chart shows room for growth on the RSI, MACD and a potential StochRSI cross.
(This is not financial advice, this is a volatile market where anything can happen)
Bear flag/bull flag tug of war morphs into descending wedge.What at first seemed like a 4hr chart bear flag with a 2hr chart bull flag inside of it has now morphed into a descending wedge style bear flag which, although bear flags tend to break downward in a downtrend a descending wedge has a tendency to break upward. Factoring these things in with how long we have been consolidating without being able to get under the red fib line and the impending "Major Announcement" from coinbase COO on CNBC's Fast Money, we seem to be finding a base for btc that depending on the announcement could see us going up from here....so for now I will switch to neutral until we hear what the outcome of this announcement is....the set up of this wedge could lead to an upward breakout. The stock amrket is suffenly super healthy as well and the crypto market has been kind of moving in a similar current to that recently. So be prepared to watch for this announcement and do your best not to fall victim to speculation.
new low still yet to be found only a bearflag breakdown1hr chart just formed another smaller descending triangle bear flag and appears to breaking down from it now which gives us a projected target from that flag of $6748...once we get there I personally feel more downside is in the cards and I agree with ronfkingswansons fractal prediction which you can see here I'm out of the market for now, at least until I see us establish some form of higher low. You choose your own path as this is not financial advice.
bearish breakdown from descending triangle bull flagthe t line and 50ma just couldn't hold and we have a bearish breakdown of the descending triangle it appears.....althugh there's a chance it could still find a way to crawl bak up inside the triangle for a fake breakout before this current candle closes in the next 3 and a half hours...the probability is low considering how far the last candle fell and how much volume was behind it so I'm switching to short...if this breakout is legit we are most likely headed down to at least the yellow fib line around 6800 and quite possibly lower from there.....whenever this retracement finlly turns around we will then ahve developed a new low...which for the sake of the bulls is hopefully a higher low than the last one of 6450, otherwise the bears are still in control and more ownside is indeed in the works I triggered my stop loss and will probably buy back in around the yellow fib line unless it's obvious that we have more falling to do which is as of right now very likely.
SHORT GBPUSD BREAKOUT CHANNELPrice has broken from upward trend line so we could be in for some downside movement in the descending channel. Wait for confirmation and more bearish price action before entry, we have highlighted our area of interest.
2 4hr closes above dscndng wedge pattern; looking for bullvolumeA ver good sign to see a second 4hr confirmation candle close above the descending wedge pattern. However we are still inside the bear flag, and we need to see a big surge in bull volume to validate and trigger a bullish breakout from this descending wedge otherwise it's just a bull trap. So for now I'm neutral bt hopefully we will see the bull surge very soon which will allow us to surpass the 4hr t line, the psychological resistance of 8,000, and finally rise up above the top dotted red trendline of the bear flag...if we see the price action surpass those 3 barriers and do so with a nice surge of bull volume then we can safely assume that the descending triangle pattern ahs been triggered and that it's time to switch from neutral to long...we should know within the first hour or 2 of the current 4 hour candle if that is going to be the case...still wise to be prepared for both outcomes bullish or bearish.
13 candles inside current bear flag, break will happen soon.My last idea about the descending wedge and the bearflag we are currently in I realized I didn't update my current support/resistance zones and their numbers so I decided to make another idea reflecting the most updated support and resistance line information. current Resistance is the tline and just above that the top dotted red trendline of the bearflag, current support is the blue fib retracement line and below that the bottom dotted red trendline of the ebar flag and also both tan trendlines of the descending triangle could offer support. We are now 13 candles deep into this bear flag this is a long one but usually we see a breakout of a flag around the 6th candle so I expect a breakout sometime soon within the next 2 4 hour candles.....I'm greatly hoping for a break upward but both upward or downward are very much plausible which is why for now I remain neutral.
Closed 1 4hr cndle above dscnding trngle; still inside bearflagA very positive sign to see us close a 4 hour candle above both the descending triangle and the t-line ont he 4 hour chart....we have one hour left to go on the current 4 hour candle but as you can see it's momentum turned around right inside the edge of the bear flag we've been stuck in for awhile now. Hopefully it will close above the descending triangle as well and give us a confirmation of a potential breakout...but even then we need to see lts of bull volume to go with it for the descending triangle to be valid. For now we are still stuck inside a bear flag but hopefully after closing this current 4 hur candle above the descending triangles top tan trendline that can give us enough bull momentum to bust upward out of the bear flag and follow that candle with another 4hr confirmation candle closing above the bear flag as well...that should collectively give us enough momentum to avoid the dread and shoulders and the death cross. We will ahve to wait and see so for now I remain neutral. You make your own best judgement on what you choose to do as this is not financial advice. Thanks for reading!
Calm before the .... STORM /BTC ? Bullish descending triangle Hello all. I am back again. Hopefully bringing some good karma along the way.
We have here a giant descending triangle formation brewing with Storm/btc that has developed over the course of the past 4 days.
There was a solid %60+ percent drop from the initial run up, and it appears the market has found a (hopefully) temporary floor at around the 46x level.
The market attempted to make a push earlier this morning after leaving the triangle but was rejected by the 100ema.
However, it appears it has found a temporary consolidation range between 46x-48x, and all the ema's are slowly starting to converge (very bullish).
RSI and MACD provide tons of room for growth, and I'm cautiously anticipating a sudden spike coming sometime soon.
Tentative target is 869.
Giant support at 435, if you are wanting to set a stop loss.
As always, pay close attention to BTC as it will likely dictate where the rest of the market goes. Take profits when you can.
Happy trading!
bearflag expands ; are we looking at another descending wedge?For now I stay neutral because sure there's plenty of bearish signs in the market but there is also what appears to be another smaller fractal like descending wedge pattern forming as I have indicated here with the light tan trendlines...These patterns are pretty bullish and Haejin Lee also hypothesized after the last descending wedge that we would rise up and former a smaller fractal of that descending wedge which is kind of what it appears we are potentially doing...of course if this bear flag decides to break bearishly then the potential of triggering a massive head and shoulders that could send us to 5100-5400 is possible...but if we don't confirm a bearish break below this wedge we might instead see a nice bullish break upward to subvert the bearish head and shoulders....Head and shoulders can often be tricks for example the last descending wedge was hidden inside a fake head and shoulders....this could once again be the case....we are sitting at a pivotal moment of limbo where the side it breaks on will determine a big fall or rise. Be careful tread wisely and make good decisions...this is not financial advice. Lastly based on the recent two candles having a trendline that connects them we can expand the ebarflag and see that it likely hasnt been broken yet and is instead bigger than we had originally seen wich happens alot with flag patterns.
Bulls lift us up out of current bear flag after support of 50MAInteresting development...after reaching the drop target price of our original bull flags bearish breakdown, and wicking below the %)MA a couple times, suddenly the Bulls woke up and found a way to lift the price action up out of the most recent bear flag that was forming and carry it all the way back above the Tline...flipping the T Line back to a support role before closing the 4hr candle above it. A very very interesting turn of events because now as you can see indicated by the new hot pink trendlines, we have a potential breakout of a fairly good sized descending triangle if the newest 4hr candle can close above this triangle as well as above the recent bear flag we will have a confirmed breakout of both and you can see the projected price target of the bear flag breakout on the chart, indicated by the dotted green vertical trendline....but more impressive of a gain would be the dotted hot pink descending triangle breakout target line. both lines howevers targets are above the ever important resistance line of the 100MA(in blue) which used it's strong resistance to reverse the initial bull run we were on in the first place....both of these breakouts combined if they end up being confirmed would carry the type of bullish momentum we would need to both surpass the 100MA on this 4hr chart but also likely prevent the impending "death cross" on the 1 day chart....for now this idea will remain neutral...we need to see a confirmation close before we switch to long...this could potentially be another fakeout...and we never reached the last bear flags bearish price target drop so we may still need to do that first before a turnaround...best to stay neutral until this current 4 hour candle closes, but a very interesting development none the less. Thanks for reading ***not financial advice***
CPR, CPR! Ethereum Needs Mouth-to-Mouth Now!Dear Crypto-Family <3
D4rkEnergY is live from Seoul Airport with a new update on Ethereum. Let's jump right in - I have to catch a flight in 10 minutes! I know, all the last updates on Ethereum all have been S.O.S, Oh No, Head dives to 580, ETH is struggling and so.
I really want to, but I still cannot come with good news to you guys! Ethereum has lost 14 % (!!) the last 24 hours compared with Bitcoins 6 %. I told you last time about the lack of support levels and the correlation between ICOs and the ETH price, which is the reason why we once again are witnessing this blood bath.
I am convinced though that as soon we go in an uptrend again, Ethereum will shoot up, so don't worry. Most of the ICO's are build on Ethereum Smart Contract Platforms, even though NEO in the future will take over more.
As you can see here on the 4h ETHUSD Chart, we are facing one bear flag after another. We are seeing this over and over again on many altcoin charts.
You can expect Ethereum to go to 480 next time.
Gotta catch the flight!
Please give a like - It's much appreciated.
D4 loves you <3
will confirm wedge breakout if 4hr candle closes aboveOK folks here is my final draft once again readjustin my top purple wedge trendlne. We can see that the big green candle did indeed break above the wedge as I originally thought...and that we likely will have broken out because of the bullish volume that went with it. However the current 4 hour candle closing above the wedge as well 1 and a half hours from now will confirm that....now that I have my wedge lines more accurately zoned in we can see that the projected target is actually much higher than 9600 as I had originally thought untl going back to double check the top wedge line. That is a bonus indeed. All current resistance and support possibilities on the journey to that price target have been labled on the chart...this is my final draft on it sorry for posting the previous 2 quick ideas over the last hour before realizing that minor adjustments were in order. Either way the outlook is still very positive.
