SPY has made a recent LH into LL WE WILL retrace momentum of imbalances caused by this LL i expect LH with a HL on 1-4 hour time frames in the next 48 hours
Strong Daily Down Channel. Break of Daily Pendant. Bearish Momentum. **Wait for Price to climb back towards the 0.5 Fib level and wait for a bearish candlestick pattern to form before entering this trade**
I posted two Litecoin scenarios yesterday on the 2H charts, Bullish Pendant or Ascending Triangle. It's taking on the form of a Bullish Pendant and currently following yesterday's outlined trajectory. It touched on the first buy opp target very briefly (6 one minute candles) before climbing back up. Reverse to the downside was expected once top of leg touched but...
updating this mornings chart you can see we broke out of the bearish head and shoulders and now breaking the bullish W pattern line. if we close a 1h above the purple line and your impatient you can get in here with a small bet and add margin if we break the white line ATH. we had decent volume breaking out the head and shoulders and we need to continue to see...
this chart is showing a few different patterns i deem bullish. higher highs and higher lows as well as rising volume and a bullish snap back candle off a longer term (12/27 high) support. also maybe bounce back to fill in the head and shoulders neck line. if so that is usually bearish pattern. i would be cautious trading this market ... unexperienced traders...
same pendant trade now seeing a breakout.. i will not trade as the volume does not support it. if we get a retest of the support and a volume breakout you can consider getting in then. ***im not a professional i just do this for fun**** follow and like if you enjoy the content
same chart as before but cleaned up the trends that are no longer viable. we can see at bottom around the 27.8K level and now a nice rally to retrace the upside. ill be looking for a W pattern with a higher low developing on the 1H candles before i look to get back into a LONG. also keep in mind the long wick down on the 4am 1h candle is very bullish . lets see...
same chart as before as you can see the trends are holding nicely and it seems we may have a W pattern forming. i will be looking for at least hourly candle close above the neck line to feel bullish. if confirmed with volume you can get in there or wait for a retest of the neck line with a bounce off with large volume for confirmation. let me know what you guys...
this chart shows the trends i been plotting for couple hours now. they have all been holding.. updated the chart to be cleaner and with a legend . *im not a professional just sharing what i see*** please like if you enjoy the content. adding a tip of the day :) do not trade until your candle is fully closed.
providing my take on possible trend lines for btc at this time ( 1/3/21 @ 17:00 EST) lines are labeled by color. ***im not a professional this is just my take of the current situation*** likes appreciated!!!
On the 1D bar BTC crossed the 5, 10 MACD cross upward hinting at continued short term upward momentum. However the overall trend suggests lower highs culminating into a larger pendant where the accumulation phase must decide on a direction. Stop: 10090
BTCUSD making a pendant consolidation pattern on the 1hr chart. Since BTC is up trending i am expecting this to break to the upside but look for a break in either direction. Since there is both support and resistance when it breaks wait for a retest of broken trend line.
Pendant pattern forming on the 1H chart. Looking for a break in either direction for entry. A retest would be the best entry after price breaks either up or down. After price breaks through it still has either support or resistance so be patient. Upside targets around 1.1380 downside target would be 1.1113 for first target and around 1.1025 for the next....
possible breakout or breakdown - waiting for confirmation
Neo has major resistance at around $146. If Neo verifies the pattern by not falling below $114 then the price break out will be before the end of February around $124 and will confirm once the $146 resistance is broken. If this trend follows the Fibonacci speed resistance then Neo will reach $250 by the end of April and will test peak resistance at $198 the end of...
GBPUSD is getting ready to spike up. A fall to 1.3236 will signal the start of an uptrend continuation for the pair. Another scenario, I'm watching is a break of the area in yellow. If price breaks and retest that area I'll consider longing the pair. This scenario is improbable for the time being. Just an idea, not a signal
PIVX is the DASH fork which has started following in the steps of DASH. It skyrocketed the first year it came out by 1000's of % and has been in a bear trend ever since. There is a very large pendant looking pattern on the one year chart and it has finally broken through the upper line. Even though it is at a high, based on how DASH has performed and how PIVX has...