DrDovetail

DrDovetail

The Judge with the assistance of John Deaton via amicus, got the SEC to agree that sales of library credits from the secondary market do not constitute a security and since that news came out lbry has had a big pump here. You can’t see it here on the weekly chart, but on the daily time frame we have also just seen one of the biggest daily volume candles we’ve seen...

DrDovetail

Just like the bear flag and wedge on btc, Eth also has a weekly bearflag pattern inside a monthly wedge. Eth’s flag is more of a bear pennant however since its flag is a symmetrical triangle..where as the flag on btc is a descending channel. Definitely gonna have to overcome the weekly 50 MA and maintain it as support to sustain a bullish breakout here. *not...

DrDovetail

The title basically says it all. I’m looking for 1-2 weekly candle closes above the weekly 50ma (in orange). If so we should confirm the bullish breakout from the yellow wedge. On the 1 day chart (not shown here) we have already had a golden cross…a bullih breakout here would confirm that that golden cross will be sustained. *not financial advice*

DrDovetail Updated 

Not sure if it is just following ta here or if the pump is attributed to the fact they worked with meta but it is now under a pip within its cup and handle breakout target so I personally wouldn’t risk fomo. It could keep going up but probability favors a retrace after this big of a pump. *not financial advice*

DrDovetail Updated 

It’s still unclear whether or not link’s macro pattern is more valid as a falling wedge or a symmetrical triangle, however it seems now that we are finally closing daily candles above the last potential top trendline for that pattern. That trendline is most valid on the weekly chart so we still need to close the current weekly candle above the white...

DrDovetail Updated 

Unlike the tezos, and algo inv h&s patterns which ended up being takeouts and have now been nullified, the ltc inv h&s seems to still be legit and is currently attempt to validate its breakout. We can also see it is just 1-3 daily candles away from its golden cross adding bullish confluence to this breakout. The breakout target had to be readjusted slightly lower...

DrDovetail Updated 

If price action can flip this green trendline to solid support the price could climb to the $28 target within the next month or 2. Fundamentally, one of the reasons for this pump is that Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche, to help scale blockchain adoption across enterprises, institutions...

DrDovetail

If it were to break upwards from its bearflag like we have seen other cryptos in a similar pattern do recently such as solana its measured move breakout target is over 6x! No guarantee it will though and often times after several cryptos have already hit their break out targets the alt coins that are lagging behind don’t always hit their full targets. A correction...

DrDovetail Updated 

the green horizontal was the double bottom neckline. the dotted green target is the measured move target from the point of breakout above the green neckline to the measured move target….as we can see mere fractions of a cent from reach 100% of the target! Should hit on this follow up candle. I would also not be surprised to see this follow up candle retest this...

DrDovetail Updated 

The downward slanted inverse head and shoulder pattern bitcoin broke above back in late November appears to finally be reaching it’s long awaited breakout target. We can see the neckline of the inv head &s pattern indicated here on the 1 day chart with the white descending neckline and the dotted measured move line positioned right where the breakout happened....

DrDovetail Updated 

NIce bullish impulse so far up out of the wedge matching the majority of the crypto markets price action at the moment. Should continue up to this target but no guarantees and *not financial advice*

DrDovetail

Enough touches on the weekly chart on both trendlines to make this a legitimate falling wedge. We’ll see soon enough if it validates or not. *not financial advice*

DrDovetail Updated 

Currently wicking below the neckline on the right shoulder…I’m not 100% confident it will trigger a breakout on the first candle of the right shoulder to reach the neckline, so I arbitrarily moved the measured move line a few daily candles forward to give it some time to fight the neckline resistance…whenever we see that it has clearly triggered the breakout above...

DrDovetail Updated 

Hard to say whether or not it will reach its full target, but seeing as how it is already pretty close to that target, the risk to reward ratio of trying to jump into the trade now in hopes that it will is not worth the risk imo. As a long term hold I still see gold as a wise investment though so it wouldn’t be the worst thing to buy some here and maybe wait for a...

DrDovetail

Target Hit! You can see here the measured move (dotted white line) taken from the point of the breakout from the white descending channel. Been watching it since November, but it finally hit its target with exact precision! Hard to tell if it will cool off much now or continue to climb…the pink rising channel has a measured move slightly higher than this and it...

DrDovetail

Wanted to post this idea simply to show one thing and one thing only. The 2018 bull market top is holding support on the total market cap for multiple 3 month candles here. It broke on btc but is still holding strong for now on the Total chart. *not financial advice*

DrDovetail Updated 

Ah yes, the classic bullish falling wedge overlapping a bearish head and shoulder pattern; tale as old as time. We can see price action here on the weekly chart is getting very near the apex of the falling wedge….however it has also closed several candles below the neckline of the h&s pattern. Still not certain which of the 2 patterns will win out but it does...

DrDovetail

The breakout target from the falling wedge was 105.6 . As you can see by the big red wick as soon as the dxy price reached 105.6 it did an abrupt reversal and morphed into a big red candle. Still a chance in the coming days it could rebound and still retest the 50ma or even reach the dotted tan lines target. However the exact precision of it flipping once it...