BTC is overextended on the Higher Time frames. This Head and Shoulders pattern is the closest thing we will get to a correction during this parabolic run. Neck line broken at 32349 Pattern will complete at 30200. where a strong bounce is expected , Great opportunity to renter the market. MACD Starting to Curl towards a new Bullish trend aswell.
I believe the bottom is in for the correction that caused ETH to drop 22% In price. we shall start seeing the over sold bounce play on the the higher time frames. We should see an immediate bounce as the 4H Chart is in the overbought state with RSI bottoming out at 29. 21 Day EMA and 50 Day MA, will act as a small resistance at 541 on the way to complete this...
MATIC LOOKING TO PUSH HIGHER AFTER A CLEAN BREAKOUT FROM THE LONG TERM DOWNTREND. Especially after analyzing the bitcoin dominance chart, we will see many altcoins pop off one at a time while we see money flowing over into alt over btc. MACD AND RSI showing signs of further upside, with plenty of room to go before being overbought. Potential targets 0.023 and 0.03.
I have noticed an odd yet unique pattern happening with Bitcoin ever since the crash sub 4k. Bitcoin always starts the week off Really Strong following the stock market and is able to hold of most of its gains into Friday , then over the weekend when all markets but Bitcoin are open everything gets dumped back to square one at the 6k Baseline Support. There is a...
The Market still isnt ready to bounce right back to normal before COVID-19 and it probally won't do so for a while, (or atleast another leg down). what is happening in the market right now is simply a correction to the aggressive Crash on March 12th. This correction is in a form of a Bearish Rising wedge , this pattern has been very successful to bitcoin on the...
Potnetial bat pattern on the GBPUSD Chart, pD leg completion at 1.26384
USDCAD ready to push to the downside, as a price rejection of the Daily trendline (Blue) can be seen
market made a double bottom and will be looking to enter after the retracment to 0.618 fiboancci level of the newest leg
the minor correction has completed expect an impulse to the downside if price breaks below trendline other wise one more retest of the trend line highs then an impulse down
D leg comletion on the .886 fibonacci level
after the serious decline of gold earlier this week we expect a minor pull back into the .382 fibonacci following the triangle breakout
the eurnzd market has just entered a very crucuial price level , this zone as shown very strong resistance in the past and if it breaks and closes below expect a huge impluse to the down side. otherwise expect this market to bounce up again and retest the blue trendline.
the market has shown a very aggresive breakout from the linear consolidation channel shown above. these are strong signs of a retest to the previous structure low (blue trend line) great short oppurtunity
Market is entering an ABC corrective structre wave and will likely go through a minor pull back on to the 0.618 fibaonacci after failing to break the double top resistance.
broke out of the daily trend line forming a flag at the 0.618 fibonacci level which is also a kep price level for this structure. should the market breakout of this zone it will create a very good oppurtunity to sell.
double top formed on the 4h chart , harami candel stick formed giving confirmation on a trend reversal.
Completed bat pattern on 9.57190
Market is ready to breakout of the linear channel showing strong momentum to the upside.