DavidJDM

DavidJDM Updated 

Looks like we are creating the right shoulder for an inverse head & shoulders pattern. Will take us to 3k. Looks like bitcoin is recovering too and ready for a bounce.

DavidJDM Updated 

Looks like we were breaking out upwards but decided to take another pause. We might go straight up from here but I think that we could retrace creating a right shoulder and taking us down to the .5 or .618 levels creating the last shoulder for a massive triangle which should take us back to a 50k BTC.

DavidJDM Updated 

Broke out of a falling wedge/channel. I think the first target is where the arrow is pointing to. After that, we might keep moving up or retrace first. Could come back to the price range of the top of the descending channel we were in.

DavidJDM Updated 

We finally set a higher high but never retested the triange/wedge pattern we were in. I think that we could come back to find support on it or we might just go up because we found support on the previous high. The price targets are for the immediate short term but I do think that if we go back up there, we will continue back to the 60k levels to

DavidJDM Updated 

It looks like we have two possibilities. If we touch the bottom trendline and break below it, we should go down to the 2k level. If we never touch it, it will create a parabolic right shoulder that will create an inverse head & shoulders. That is if we go up and break that upper trend line which has a target of 3k.

DavidJDM Updated 

Honestly maybe it doesn't play out like this at all but, I do think that the head & shoulders pattern should take us to target but I think that we are retracing upwards and will create a bear flag while doing so which should take us to the head & shoulders target.

DavidJDM Updated 

I think that we still will hit target for the head & shoulders but after we retrace a bit to the .5 or .618 levels. After that I do think we make our way up. Mid to Long term I think that crypto is bullish.

DavidJDM Updated 

Looks like Ethereum wants to come down 5% and try getting support on lower levels.

DavidJDM

Broke out of the consolidating triangle with a target exactly up to a horizontal resistance. I think we bounce off of it and creating something that looks like an inverse head and shoulders. It looks a bit too wide with small shoulders so what it might do it retrace to the .5 or .6 levels and then keep moving upwards.

DavidJDM

Looks like a possible inverse head & shoulders is forming on the BTC index chart. A possible LONG opportunity. I would watch how the right shoulder forms, should come down to the bottom of the left shoulder and also should be approximately similar width. Also wait for confirmation by letting the price touch the trendline up top because it could easily not touch...

DavidJDM

About to make a small move up. Great trade to take.

DavidJDM

It looked like we hit bottom, but this scenario is still possible. It all depends on what happens next. If we break down from the falling wedge and hit target, we will finish a head & shoulders pattern which has a target below the symmetrical triangle we have been consolidating in for some time now. That will take us down to the 20k level or even 12k depending on...

DavidJDM

What do you guys think? Looks like we are going back up (:

DavidJDM Updated 

Bitcoin is broke major down trend resistances and looks like it's about to pump which puts doge in a prime position to keep pumping upwards. $0.50 here we come

DavidJDM

The crypto market cap broke a massive down trend and started pumping moving up before bitcoin touched the trend line. Breaking out of this triangle with a parabolic base. Looks like we are moving back towards the 40-50k levels.

DavidJDM Updated 

I am not too sure if it is valid but the FIB levels seem to match up well. What do yall think?