DrDovetail

DrDovetail

we can also see an inv c&h pattern has formed as well increasing the probability of an eventual breakdown...should we confirm the breakdown dxy could reach 73 some time within the next year and a half or so.

DrDovetail

ethusd is also in a bit of an inv h&s that it has also broken above...it isn't quite as high above the neckline as matic is though so it currently has somewhat less probability of validating the breakout as maticusd does. Eth's pattern probably also could qualify as an adam an eve double bottom. Should ethusd's pattern get validated it could reach a target of 3.7k...

DrDovetail

BTC has dropped 50% from it's all time high as the pi cycle top indicator has essentially been validated here...however this does not necessarily mean the end of the bull market. We have now seen a healthy bounce once the priceaction reached the exact drop target from the h&s pattern of 30k....anything above 28.7k gives us a higher low on the weekly....normally i...

DrDovetail

$2.40 if just the green symmetrical triangle is most valid but could go as high as $3. I expect it to stop briefly to consolidate around 1.80 2.40 and 2.75 if it does eventually make it to $3. It technically hasn't confirmed the breakout just yet but sure looks like it wants to. not financial advice*

DrDovetail

Of course there's always a chance the follow up 1 day candle here could find a way to dump all the way back down to retest the top trendline of this channel...could even go back below it and it would still remain resistance at that point...however the sheer size of the current green candle seems to suggest that probability is high that the trendline will be...

DrDovetail

this is the inv h&s pattern we just broke up from on the 1hr chart that seems to be confirming its breakout....its measured move breakout target should then take us above the top trendline of the 1 day charts bullflag(not shown here) that we are currently just below the resistance of n it's top trendline..greatly increasing the odds that we will break above that...

DrDovetail

the current consolidation has given the bull pennant the ability to morph into a bullflag with a clear descending channel for the flag instead of the falling wedge.....if the bullflag ends up being more valid than the bull pennant...the measured move is even higher giving us the potential of reaching as high as $3.

DrDovetail

There's still a chance this could be a fakeout but probability currently favors a breakout...as always I must wait for confirmation of breakout first before entering.

DrDovetail Updated 

I charted this cup and handle months ago and gave a 2747-2800 target back then we can now see ethereum is finally making the last leg up to the target and if we were to zoom in here we could see a bullflag on the 1 day chart that ethereum has just now broken out of and that bullflags measured move lines up exactly with the c&handle target of 2474....so odds...

DrDovetail Updated 

if we are currently breaking out of a 2hr bullpennant liek the one shown here the target is 1.86 which is also our top target we had from the purple triangle breakout of our weekly xrp chessboard chart from a few ideas back. Good bullish confluence imo. 2hr chart patterns tend to fail rather frequently but as for now probability still favors the bullish breakout....

DrDovetail Updated 

here's a look at the symmetrical triangle we have appeared to breakout of on the 1 day chart. If it reaches it's measured move it should hit 65800. *not financial advice*

DrDovetail

btc is either breaking out of the ascending triangle or just going up to test the top trendline of the potential rising wedge we are in. Of course it could also be doing both...even though the breakout target of the ascending triangle is in the 72ks we could wait to reach that zone until where the top trendline of the rising wedge converges with the grey...

DrDovetail Updated 

4hr chart bullflags will get nullified way more often than ones on the 1 day time frame or bigger...however considering we will likely trigger the larger timeframe inv h&s pattern that had a target of $1.48 I could see this 4 hr chart pattern playing out rather well despite the higher percentage of fakeouts or nullified bull pennants we find on the smaller time...

DrDovetail Updated 

eager to see how this unfolds.

DrDovetail

xrp has finally broken above the top resistance at 78 cents of the yellow horizontal inv h&s neckline..if it confirms the breakout above this line the target for it is around 1.40 the triangle it broke out of before that in purple could take it all the way to 1.80. *not financial advice*

DrDovetail

looks like the weekly has formed an ascending triangle which could also potentially be a bull pennant...the measured move for just the triangle has us somewhere around 76k and for the pennant around 85-86k. As always must await for a breakout confirmation. *not financial advice.

DrDovetail Updated 

we've seen more than enough candles above the neckline to see this pattern be triggered. My target is 2k. *not financial advice*

DrDovetail Updated 

I was slightly dismayed here upon seeing several 4hr candles close below the 4hr chart ascending triangle pattern but upon realizing they haven't triggered any sort of breakdown decided the best thing to do was to zoom out and see if I can find any pattern on the 1 day chart that may in fact be the more dominant pattern and more relevant pattern we are currently...