DerrickGibson

DerrickGibson

Entered shorts between 3860 - 3925. Clear resistance range.

DerrickGibson

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DerrickGibson

Seeing rounded bottom / accumulation here. Getting close to resistance trendline. Lets see if it can break out in the next few days.

DerrickGibson

Larger pattern (orange) is bearish. Ascending channel / bearflag (red) already broke down. Currently still within descending bullish pattern (green), but near resistance line.

DerrickGibson

3 touches makes a trend

DerrickGibson

Target 0.00016

DerrickGibson

Not seeing a very strong bullish reaction after the big move down. This consolidation is very low volatility and appears to be forming a bear flag. Next target is $3,800 if the pattern confirms.

DerrickGibson

My guess for the future of BTC. More consolidation in a stupid triangle. Long here at support. Short resistance. Rinse, repeat. Wait for an actual breakout.

DerrickGibson

Looks like fuckery and distribution to me.

DerrickGibson

The patterns are not textbook exactly but they certainly have the general shape. The handle is a little long for my liking and the A&E doesn't make a perfect double bottom as the second low is higher.

DerrickGibson

Spotting a falling wedge and bullish divergence. Looking for a reversal in the next 24 hours. Could go as low as $3,820 and still be in a bullish formation.

DerrickGibson

Lol get rekt bulls

DerrickGibson

Expecting this pattern to break down after another test of the top trendline.

DerrickGibson

Spotting a nice falling wedge on ETH with bullish divergence in the RSI and CMF. Upside breakout will probably be short lived given the overall bearishness in the market, but I'm willing to take a small long here.

DerrickGibson Updated 

Expecting more of the same from ETH. This does not look like a reversal pattern. If it breaks the triangle the measured move is to $200.

DerrickGibson

Just playing around with inverted charts.

DerrickGibson

Bears appear to be maintaining full control after the extremely powerful dump. Muh 6k bottom is in more danger now than ever. If we don't see heavy bull volume soon I expect bears to resolve this pattern to the downside. My bottom target before a true bounce is at 5250. Target comes from the measured move of the bearflag and the weekly 100 MA.

DerrickGibson

Expecting a reversal in the next 24 hours.