DrDovetail

DrDovetail

This could easily be a fakeout so I'm not picking a side just yet...however if it triggers XLM could be heading to 9.5 cents in the near future here. Price action is currently testing the neckline and throwing little wicks above it so it's still right in the fakeout zone but if we see 3-5 consecutive 4hr candle closes above the neckline and a surge in bullish...

DrDovetail Updated 

We can see a very valid falling wedge here on the 4hr chart; the purple trendlines following the wicks and the pink trendlines following the candle bodies..for now the purple one seems slightly more valid. Other signs giving the bulls hope currently are that we are still consolidating above the bigger green falling wedge from the weekly chart as well as still...

DrDovetail

SSIA.

DrDovetail

Senior Lodenstein politely mentioned that my falling wedge should be a downward channel instead...and while I was aware of the downward channel I hadn't bothered charting it yet because I've been more focused on both the weekly falling wedge and the 1 day bull flag at the moment so Ieven though I think that both the falling wedge and the descending channel are...

DrDovetail

of the several potential patterns we've been watching over the past couple weeks, one by one has slkowly been eliminated from contention (most recently the adam and eve double bottom) and now we are left with only the standard 1 day bull flag. We just managed to confirm support on the 1 day 200ma after wicking below it which is clutch because flipping the 200ma...

DrDovetail

CME Futures gap just got filled without the price dumping nearly as bad on the other exchanges to fill it....now onward to fill the gap around 11.2-11.8 i think it was!

DrDovetail

ssia.

DrDovetail

Not financial advice...sometimes it's fun to try to use mthe paint brush to paint a speculative path for where I think BTC price action is going just so later I can click play and see how close I was

DrDovetail

We now have 2 consecutive weekly candle closes above the falling wedge which should trigger its breakout shortly. We can see the 4hr adam and eve double bottom pattern is still filling itself out rather nicely as well...both very bullish signs....however we can also now see that a potential rising wedge (in grey) is starting to take shape on the 4hr chart as well...

DrDovetail

SSIA.

DrDovetail Updated 

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DrDovetail

the symmetrical triangle/ bull pennant appears to be losing some steam here but if it doesn't pan out the bulls still have another chance to continue the uptrend with a double bottom in play around 8886(as shown here in purple). A retest of this zone would make a lot of sense since there is currently a gap on the CME futures chart around that zone that needs to be...

DrDovetail

xrpusd currently finding support on the top trendline of the wick diamond...a 1day close above it would be a very bullish development as we have yet to close a 1 day candle above it but odds seem likely we will soon. The question remains which diamond bottom will be the more valid one: the wick diamond or the candle body diamond? Hopefully judging by the 2...

DrDovetail

we need to break above 12.3k to confirm a higher high and ensure the bull market continues...if this is a symmetrical bull pennant we are in the breakout target is 12449! Just enough for a higher high!

DrDovetail

Cup and handle's handle has gone on for too long now morphing from a c&h shape into a symmetrical triangle which is a better sign for the bulls because as pretty reliable continuation patterns, it's very probable that this will be breaking to the upside. The measured move from just the triangle itself would be 11k but it could also act as a bullish pennant here...

DrDovetail Updated 

need to see price action flip the 11398 horizontal from resistance to solidified support 1st in order to trigger the double bottom breakout..it's currently stiil resistance.

DrDovetail Updated 

small 1 hour inverse head and shoulders breaking up to take us to 9.9k as the 2hr, 3hr, and 4hr chart all see golden crosses. By reaching 9.9k we should also trigger a bullflag breakout with a target of 12k as well.

DrDovetail

As anticipated in my last total2 chart months ago, it appears like the weekly h&s pattern with the breakdown target of negative 10.7 billion will indeed be a fakeout. Who could have ever guessed such a thing? :P of course, it 1st needs to flip the weekly 50ma to solidified support but that seems likely to happen within the next week or 2 and then alt season can...