Adam_Polinak

Adam_Polinak

See the bollinger bands which are a great indicator and others. red = resistance, yellow ellipse = room to run past the upper band. see chart

Adam_Polinak

Long

Adam_Polinak

Same pattern as BTCUSD and ETHUSD. If you need an explanation of the pattern see my previous posts today. Bullish or not? You tell me I just provide the patterns, follow for more

Adam_Polinak

Same pattern as BTCUSD currently (a 123 pattern is similar to a double bottom but the second leg goes down 50-80% of the first. Number 2 shows the neckline). Bullish sign

Adam_Polinak

a 123 pattern is similar to a double bottom, except the second leg goes down 50-80% of the first leg. Watch for it to stay above the neckline (line 2) and continue upwards. This is another bullish sign along with the inverse head and shoulders (see previous post today). Like and follow for more great analysis!

Adam_Polinak

Something I just noticed on the hourly, it looks like we did see a slight bump up from it, let's see if it will be a strong enough pattern for the reversal upwards

Adam_Polinak

outside the lower bollinger bands on the 4 hour (a longer time frame) plus it will want to crawl back to the 50 hour MA like always

Adam_Polinak

We have a cup with a nice handle forming, so long as it does not drop significantly further, the formation will form. Buy when it moves above the cup, set a stop loss it may not always play out. Target is 0.54

Adam_Polinak

My high bullish sentiment may return quickly as we will likely see a shooting star tonight on the daily candle. (also known as an inverted hammer candle in an uptrend). CREDIT @arash_teraverten for pointing this out

Adam_Polinak

simple prediction from a strong support line. If this line does not hold I will reassess and may become bearish

Adam_Polinak

ETHUSD has fallen back but has found support at the bottom of the flag once again. I am watching for it to maintain this support to continue upwards.

Adam_Polinak

see chart

Adam_Polinak

BTCUSD still successfully completed a nice flag pattern (continuation pattern) as well as a nice inverse head and shoulders. Two strong patterns. This was the last chance for the bears to try to stop a rally and they won't see a big correction until over 20K.

Adam_Polinak

The last bull run was making new highs so corrections were common, this time it is completely different so I would not compare bull runs until we make new highs - we might not see any major correction until then. Just a thought.

Adam_Polinak

see chart

Adam_Polinak

ETHUSD had a nice pump a few hours ago as it broke out of its flag. I expected BTCUSD to have followed with a pump already but it has not done so yet. I adjusted the inverse head and shoulders pattern so you can see it may still be in play although it is on the hourly, not as strong as the longer time frames. Nonetheless it looks like BTCUSD has moved up above the...

Adam_Polinak

See chart

Adam_Polinak

It is still early but we have a possible cup and handle forming on the XRPUSD daily chart... would be HIGHLY bullish if it forms