DrDovetail

DrDovetail

We can see that the right shoulder on the FETUSD chart has just now been completed and is retesting the neckline of the inverse head and shoulders for the 1st time upon its completion. Usually in these situations lately especially in the early phases of the bul market, we have seen several other cryptos do a headfake on their first attempt at breaking above the...

DrDovetail Updated 

Many cryptos are testing the breakout up from a bear flag right now (gala, mana, qnt to name a few). Many of these bear flags flag is also a descending channel. Their flags seem most valid on a weekly chart…I just took a look today at solana and sure enough it also formed a bear flag with a descending channel for a flag, but it is already way further along in its...

DrDovetail Updated 

red horizontal represents a head and shoulder neckline and the descending dotted red trendline leads to the breakdown target should that pattern be validated. The ascending dotted green trendline is a line that leads to the measured move breakout target if we validated the wedge pattern. The dotted tan trendline is the breakout target if that wedge is more valid...

DrDovetail Updated 

I think worst case scenario for bitcoin (barring any major black swan) is that it corrects back to this pink neckline of this inv h&s pattern then the 1 day 200ma (in blue) helps push price action up out of the yellow bull pennant..so I placed my guesstimated measured move target for the pennant right where the support of the inv h&s neckline (in pink) intersects...

DrDovetail Updated 

If so the full breakout target cold take it to 57%*not financial advice*

DrDovetail Updated 

We can see here on the log chart that the brown descending channel on the 1 day timeframe finally appears to be getting a confirmation impulse. The target for this breakout is around 1.324 trillion. Keep in mind we also have the dotted blue measure move line to reach eventually much much higher up. *not financial advice*

DrDovetail Updated 

We can see price action came back down to retest the top trendline of this descending brown channel with exact precision and held above it now for 14 consecutive 1day candle closes. It is very likely to close a 15th consecutive candle here soon. We can see one wick back below the top trendline of the channel that was ultimately supported by the 1 day 5ma(in...

DrDovetail Updated 

Fresh off the heels of their victory against the SEC, it seems as though it is now very likely this breakout will be confirmed on this cup and handle pattern on the 1 day chart on the GBTC greyscale chart. We can see priceaction has already retested the rimline as solid support before the current big green impulse candle. Also a very nice bullish impulse on the...

DrDovetail Updated 

We can see that solusd’s price action is now retesting the top trendline of this purple symmetrical triangle it has been in since around august of 2023. Obviously it only matters once we break above this trendline and flip that trendline to solidified support. Until that time one must remain levelheaded and not chase any breakout that is unconfirmed. If it were to...

DrDovetail Updated 

Not a sure thing that the breakout will confirm here, always a chance it could correct back inside the channel once or possibly even twice before triggering the real breakout, though of course the current move could easiy be the breakout. Either way sooner rather than alter the breakout should be official and once that happens the target will be around 63-64...

DrDovetail Updated 

One of the few cryptos currently not in the red today. If it can maintain solid support on the top trendline of this triangle until validating a bullish breakout then the price should recover most of what it lost here and could go as high as 30 cents in the process *not financial advice*

DrDovetail Updated 

First candle above the neckline is rarely the candle that confirms the breakout, but if we can get the current candle to close above the neckline as well as 1-4 more candles the probability of a breakout increases quite a bit with each additional candle close. For now w are still working on even getting our first candle close above the neckline but it does look...

DrDovetail Updated 

This descending channel we’ve been watching now for quite sometime once again has price action rising above it…perhaps this time will finally trigger the actual breakout? If so the breakout target is around 1.2 trillion *not financial advice*

DrDovetail Updated 

Took a long time for this one to finally reach its target but as we can see it just did with pinpoint accuracy. Been watching this one for a long time now. *not financial advice*

DrDovetail Updated 

Not even factoring in the much larger monthly pattern link is breaking up from here and only focusing on the inv h&s and bullflag. Will be interesting to see how price action plays off these measured move lines on the way to their targets. While it seems like we have definitely triggered the breakup from the bullflag I don’t think it has officially broken upward...

DrDovetail Updated 

If it confirms the target is around $8.58. Confirming this breakout would likely ensure the recent golden cross is sustained as well. *not financial advice*

DrDovetail Updated 

We can see that price action is reaching the apex of the white wedge/pennant and that the orange 50ma has now entered the pennant. Looking at where the stoch rsi currently is, odds are good that price can maintain support on the 50ma and that it could help lift or bounce price up out of the pennant and send it heading towards the breakout target. I have only...

DrDovetail

We can see that awhile back we formed a very subtle and tiny left shoulder to this potential pattern that most people may tend to overlook, and the rejection from our most recent high on bitcoin helped solidify a potential neckline for this currently speculative inverse head and shoulder pattern which then gave us the ability to make a measured move guesstimate...