DrDovetail

DrDovetail

You can see it hit the target with exact precision before forming a wick. Amazing precision. TA works! Target hit.

DrDovetail Updated 

This is the same wedge i drew a few ideas back on an idea titled a very messy wedge. I just leaned it up a little more here and made both wedge trendlines the same color in this one (white). So far after all the unexpected dumping it has continued to repeat these two trendlines. So I thought it was worth posting a cleaner version of it. Not saying this trend will...

DrDovetail Updated 

2 consecutive daily closes above the wedge’s top trendline. This hasn’t happened before on this wedge and we’ve been in this wedge since October! Of course this doesn’t confirm a breakout or anything just yet but does increase our probabilities of one…still a chance a fakeout could occur here instead so must remain vigilant. I’m thinking to cool off some stochrsi...

DrDovetail

This triangle lasted all 2021. 4 key touches on the top trendline and now 3 on the bottom makes these 2 trendline s worth watching which is why I’m posting this idea. If the bottom trendline holds support we should break out by end of February beginning of march. Some crazy black swan could take us below this but without anything liek this I assume this has a...

DrDovetail Updated 

We can see here how this h&s pattern with a downward slant was validated with a massive bearish red volume candle to go with it. However the breakdown target for this pattern was actually 40k and it only reached around 42k. This may likely be because its a bearish pattern happening inside a bull market…it is usually during bull markets that bearish patterns don’t...

DrDovetail Updated 

We can see price action is currently in a falling wedge…if we break up rom the falling wedge sooner than later it can still function as a pennant. If it does the measured move will be the size of the pole instead of the pennant. So based on our yet to be hit inverse h&s target I lined the measured move up for the falling wedge/bull pennant to be the exact same...

DrDovetail Updated 

Based on where price action currently is in this monthly triangle I think it’s airily safe to assume XRP should have a considerably bullish 2022. *not financial advice*

DrDovetail Updated 

We can see here that on the 4hr chart XRP is about to have a 4hr golden cross. I’m speculating here that price action will dump back down to retest the 50ma(in orange) and/or the 200ma(in blue) as support while simultaneously creating a right shoulder for this potential inverse head and shoulders the candles appear to be trying to paint. Normally I wouldn’t...

DrDovetail Updated 

Looking at the monthly log chart on bitcoin I have pieced together a bit channel that has on the monthly alone over 13 significant touches rom price action. Based on Plan B’s prediction of 280k or so this bull run plus many of tech dev’s charts that suggest we could reach a target of somewhere between 270-300k, I used my own knowledge of basic TA, to assume that...

DrDovetail Updated 

Not 100% confident about this descending triangle pattern yet. But if it is indeed valid then the price action should head towards the 158-160 target before too long with some resistance on the way there at around $130 or so depending on where we retest this ascending yellow trendline at.

DrDovetail Updated 

This ascending yellow line was essentially a neckline for an ascending head and shoulders pattern. Once we broke down from this the actually target was around $57, but being a bearish pattern during a bull market probability favors that it would not hit 100% of it’s measured move breakdown target…by bouncing where it has though it has created a much more standard...

DrDovetail Updated 

The red target would only happen if we break down from the current triangle in which case we would be triggering a h&s pattern. I think this is the least probable of the 3. The magneta/purple target is the measured move for if we are just breaking up from a symmetrical triangle. If it is more o a pennant instead of just a triangle then the target is the green...

DrDovetail

Symmetrical trihandle should break upward by February then that should take us to at least somewhere aroun 2.20 putting price action above the neckline. If it confirms solid support after that on a retest I anticipate we may see $7 not long after. Also a chance we have some crazy pump to $7 before the neckline retest will have to wait and see how it goes the...

DrDovetail

I have the weekly timeframe pulled up here because I can’t access the 3 month on this account currently. This ascending triangle pattern probably looks even more convincing on the 2week or 3 week chart. It still is pretty evident here to. The way price action has come back to retest this white diagonal line however may mean that the triangle ends up being more...

DrDovetail

I’m keeping this neutral until we see confirmation either up or down. These are the current trend lines in play on eth usd. We can see we have two potential bullish continuation triangle patterns: A potential symmetrical triangle and a potential ascending triangle. We also have a bearish rising wedge in play, with the possibility of two potential top trendline s...

DrDovetail Updated 

We can see on the weekly chart that LINKUSD has formed a symmetrical triangle(bullish) with an ascending head and shoudlers pattern inside it(bearish). When we take a measured move o each patterns potential breakout target we can see that the bullish symmetrical triangle pattern has a breakout target of around $75 or so (depending where it breaks up from the...

DrDovetail Updated 

If we could do measured moves on the log chart the same way we do on a linear chart then this pattern would be calling for a breakout target of around $700. That’s sounds way too extreme to me so I doubt you can apply the same measured move techniques from a linear chart to a log one. Would be happy to be proven wrong though. One thing I know is it’s gonna...

DrDovetail

As long as the bull run continues from here tezos looks primed for serious upside and if it can flip this ascending yellow trendline to solidified support it could head to $15-16 soon after. The initial cup and handle it was teasing a breakout from a. We months back never fully materialized but it can essentially reach the same target the cup & handle had it going...