MANABTC Falling Wedge ReversalLooks like a falling wedge on the daily timeframe, and we are approaching strong support level. Keep an eye on this one. Fundamentally it's an under-hyped project which could really become a big deal. Virtual land ownership in the first virtual city will be a hot commodity one day i believe.
Falling
JPM - Breaks outJPM broke out of a falling wedge today. restested. climbed further.
Fundamentally - Jamie Dimon has been very positive on the economy while everyone else has been screaming the sky is falling
JPM has beaten earning (at least) the last four cycles.
I expect they will repeat here. The stock is acting as if its ready to go up.
APRO looks to break Falling Wedge; will go LONG on Confirmation!APRO looks to break Falling Wedge; will go LONG on Confirmation of Volume on BREAK
ETHUSD: What goes down must go up (but not quite there yet)Since the Ethereum price is entirely dependent on Bitcoin and Bitcoin itself is expected to keep its bearish momentum for a while, we assume an extension of ETH's gigantic falling wedge.
On a final sellout and panic incident, we see the real capitulation between $15 and $25, which would set ETH slightly above its mean before the 2017 bull run.
But note: In that case we will also see a huge large-scale upwsing and it will be extremely hard to time. Make sure to setup your plans for this type of scenario.
XRPBTC Falling Wedge Target hit with precisionI still anticipate we will find a way to break even higher to continue our higher low/higher high series. we have a couple resistance lines to climb from here to achieve our next higher high. Wanted to post an update however to show you all that the target predicted in my last xrpbtc idea has been hit exactly.
Temporary long to $3850 on btc after falling wedge upward breakFinally appear to be breaking upward from the falling wedge...after tracking many potential trendlines for t it appears the trendlines that went by the candlestick bodies were most valid which made it a smaller wedge with less breakout potential so now instead of a target of 4.1k we have a more conservative price target of $3845. It could continue to bounce once we reach there but it is wise not to get ahead of ourselves....I think we still have a bigger drop and capitulation candle in our near future. For now though this situation allow for a temporary long position.
XRPBTC Falling Wedge triggered; quickly headed towards targetMy projected target for the falling wedge breakout has a fastly approaching breakout candle finally heading its way. Look through my previous ideas to see but I've been watching this falling wedge for quite awhile now..glad to see it's finally triggering. With this momentum there's a chance it will only continue up after reaching that target...although some sideways consolidation or a small retrace is also likely keep in mind we are still in the midst of an xrpbtc bull run due to the golden cross we had over a month ago...and it seems like it has no intentions of reaching its bull run peak anytime soon.
Wedge breaking up, look for $3650 $BTC resistance #BitcoinAs long as the price holds above 3350 on Bitstamp I think we will see a relief rally to $3650.
There is a distinct possibility that we have put a bottom in for 2018 since the price came so close to the resistance and the $3000 psychological level. Many had predicted a bottom at $3200 as well.
As I mentioned in the related post on the weekly chart linked below:
"The weekly Stochastic RSI , 200-week moving average, high leveraged shorts, horizontal support, and weekly Bollinger Band all indicate that we are coming up on a tradable bottom (at least.)
Having adjusted the Bollinger Band to identify secular periods of euphoria and desperation in the Cryptoshere, it is clear that we are in a rare time of desperation for Bitcoin aficionados. It is in a time like this that the bottom of the 2014 bear market ended. In hindsight, it was the best time to buy BTC before the last bull run.
I believe that in the next week we will see a very tradable bottom and a significant rebound in prices. It is likely that the low of the coming days will also mark the bottom of the 2018 Crypto Bear Market."
Final leg almost here (but not final low)We're almost there in this falling wedge structure.
The final leg will soon materialize imho, the rising longs, and decreasing shorts are signalling that, then also the three drive pattern of a falling wedge, correction C was not here yet.
Then also the 4h stoch RSI on overbought again.
High probability trade, however, there is a chance of 10-20% that BTC will suprise us with a weird move.
But still, I am expecting something like this for the coming days.
Good luck and merry profit !
ETHEREUM looks bad#ETH
Ethereum looks bad, all the important supports were easily punctured, and now we can continue to go lower with the rest of the markets. The closest support range formed within $ 73-78, fixation below which will be a very bad signal. The nearest resistance is $ 100, its breakdown will give strength for a step up, but it will be extremely difficult to rise above $ 140, even after breaking through $ 140 there is a high probability that it will fall again.
I anticipate a break up from the current bitcoin falling wedgetemporary long as I don't believe we have reached the bottom of the bear market yet...we may see price action go back down to the support of the falling wedge's bottom trendline one more time and maybe even a breakdown fakeout wick a pip or 2 below it but ultimately I think like most falling wedges probability favors a break upward within the next few day candles most likely after the stochrsi gets near the bottom again. Once we hit the 4.4k breakout target we may immediately fall right back down though and finally find our capitulation candle afterwards.
Cardano (ADA) - Critical Price point | Falling WedgeCardano (ADA) is mimicking BTC moves.
A falling Wedge is forming on daily chart and currently the price is sitting right on support.
Stoch RSI Approaching oversold zone + bullish Divergence can be seen.
RSI in Oversold Region. A Bounce from this area is very important or else we will see 600-700 zone as a bottom.
Falling Wedge BreakoutPotential here for a falling wedge break out.
Look out for:
1) Bottom trendline breaks, but buy the yearly low (Huge daily wick)
2) Buy the bottom trendline of the wedge (Aggressive)
3) Buy the breakout of the top of the wedge (Breakout trade)
4) Buy the pullback after breakout (Bull flag)
Bitcoin continuing to consoldiate inside small 1day fallingwedgeI anticipate it will break up from the wedge at just the right time to find resistance at the horizontal white trendline...then I expect it from there to begin its descent into final capitulation...although we may not see the final capitulation candle until february, I think we will see it by february at the latest. I anticipate we will meet resistance here and not continue to go up based mainly on the current 1 day stochrsi, an how closely this year has resembles 2014