DrDovetail

DrDovetail

it's true that this pattern hasn't confirmed yet but with the current climate in crypto, probability overwhelming;y favors this inv h&s triggering here and xrp retesting 30 cents thereby avoiding a deathcross on the 1 day chart.

DrDovetail

Not only did we overcome the double top zone at 12.5k but we hit and surpassed the bullflags breakout target at 12.7k! If we can solidify support above 12k We will be heading much higher soon after as we are breaking up out of a huger symmetrical triangle that could take us to 19k and we still have the big weekly IN H&s breakout target of 17k to hit as well. The...

DrDovetail

I want to wait until the retest of the neckline confirms solidified support and we have 2 consecutive 1 day candles closed above the neckline...but a big enough surge in volume might keep the retest from happening. As of now the breakout is not official but probability is currently heavily favoring the breakout considering BTC continued up and achieved a higher...

DrDovetail

It appears that we may see a bullish engulfing candle here on the 1 day chart daily close for DXY. This is after retesting the Inverse head and shoulder neckline and seemingly confirming solidified support. if support holds expect it to head to the target of $95.

DrDovetail

if a pattern like this were to trigger I feel like 7777 could be a potential spot for a nice rebound.

DrDovetail

this is just an update of the previous idea with the rimline of the cup being slanted this time instead of horizontal. Not sure which one would be more valid in this occasion so I'm posting both as both are worth paying attention to. I could see us retesting the 1 day 50ma and if it maintains resistance or we get rejected from it we could see a big rejection that...

DrDovetail

We seemed to be quietly forming a potential inverse cup and handle on the 1 day chart here. If this pattern were to validate it has a breakdown target around 7.3k very very close to the macro fibonacci golden pocket. I've also said that in bull markets bitcoin historically has shown it tends to retrace no more than 32-41% during bull market corrections and a fall...

DrDovetail

We must remember on a timeframe this low many chart patterns will end up being fakeouts but one or both of these could very easily trigger. Wise to eb prepared for a fakeout as well though since its on such a small timeframe. *not financial advice*

DrDovetail

Currently in a 1day chart bear pennant that has a breakdown target of 8.4k or so but could see a reversal at the golden pocket in the 9.2-9.5k range instead of reaching the entire breakdown target. We've also already tested the weekly chart 21 ema(not shown here) as confirmed support so there's a chance of a reversal here but seeing as how we have yet to fill the...

DrDovetail Updated 

Target hit!!! Check my previous idea from last week before this pattern even had a right shoulder and click play if you doubt such precision. Once again TA works every time! I was able to call this price exactly thanks to it.

DrDovetail

taking a look back at our monthly symmetrical triangle pattern that we broke above a couple months back we can see that it looks likely price action will try to retest the top trendline as support before fully confirming the breakout. In order to retest the trendline, it involves price action having a 31% correction from the recent 12.5k temporary top. We also...

DrDovetail Updated 

We may come back down and retest the top trendline of the symmetrical triangle before takeoff but to me this looks like probability will favor and validate this pattern breakout. Being a monthly chart it may take several months to reach the breakout target but based on this simple macro pattern we are likely in for a very bullish 2021. Of course we are only just...

DrDovetail Updated 

whichever one of these head and shoulders patterns is mroe valid matters not as if either validates the breakdown target is essentiallly the same. If this occurs we will likely fill the 9.6k CME futures gap. I assume once the gap is filled things will be bought right back up and if it does breakdown this will simply be one last effort to liquidate all...

DrDovetail Updated 

Already above the inverse head and shoulders neckline here and it's measured move breakout target should take price action above the rimline of the cup and handle which is one of the more perfectly rounded cups I've seen in awhile. As always it's wisest to wait until the cup and handle breakout confirms here but probability looks to be favoring it slightly...

DrDovetail

Looks like it can go another 33%

DrDovetail Updated 

Watching for the descending yellow trendline to hold support if it even reaches that far. Many times these smaller time frame bearish patterns don't reach their full target during a bull market...but we must also be aware that there's still a chance it could dip down to fill the current CME futures gaps although I anticipate the one all the way down at 9.6k wont...

DrDovetail

The monthly double bottom pattern on the TOTAL2(Alt Market) has finally gotten it's first monthly close above the neckline. There are 2 possible necklines here a descending one(notated by a dotted yellow line) and a horizontal one (orange yellow). Both price targets for a breakout from each neckline are listed. Not quite sure which one is more legit but we are now...

DrDovetail

I anticipate a breakout within the next couple weeks...this is how the wedge looks on kucoins weekly chart: