DrDovetail

DrDovetail Updated 

We can see here on the 2hr chart that btc confirmed the breakout of the 1hr inverse head & shoulder pattern climbing to just a pip below the measured move breakout target. By retracing at this exact point it has subsequently formed a perfectly level rimline as well as a text book perfectly rounded cup putting into play a cup and handle pattern on the 1hr...

DrDovetail

Looks like we may even break up from the wedge earlier than i was anticipating as we are witness a crazy amount of bullish volume in the last couple 1 day candles and btc has fought it's way valiantly back above the deathcross and is currently retesting the top trendline of the falling wedge multiple times as solidified support! if btc can maintain the top...

DrDovetail

price action is now only one daily candle close away from the 1 day deathcross and things are looking downright ugly. Price action is currently below the neckline of a massive 3day head and shoulders pattern and needs to get back above the neckline within the next 6days to keep from triggering the breakdown....if it does breakdown the target is staggeringly low...

DrDovetail

BTC's recent dump has been unable to diminish XRPs continued rise in dominance. Golden cross by mid November still fairly probable.

DrDovetail

could pullback(dead count bounce) to retest the neckline...if it retests the neckline and gets clearly rejected confirming that resistance that would likely be the optimal spot to open a short..however i think once it reaches 6.8-7k it should have a real rebound from there...if the upcoming deathcross on the 1day chart is sustained however then we will be entering...

DrDovetail

waiting to see confimation above the neckline.

DrDovetail

This could take us as far back up as 9k but Im gonna be smart and close my long a pip below the breakout target. In order for it to reach that target it will have to have the 1hr 200ma maintain solidified support...which it looks like it should have no trouble doing. seems to be following my white speculation squiggle pretty well so far.

DrDovetail

We can see the current bear flag we're in has a drop target almost the exact same as the drop target for the upward slanted head and shoulders pattern we broke down from in September. While that is great bearish confluence, i personally still think we won't reach the full measured move and will instead send a wick down to maybe 6k or so while closing the daily...

DrDovetail

ssia

DrDovetail

W H T W & S

DrDovetail

Somewhat speculative on my part but wanted to post it as I think it would be fun t see how closely price action matches my green squiggly line. Can we retest our ATH by december 15th? Maybe. It would be poetic symmetry if so.

DrDovetail Updated 

I'm hypothesizing 2 potential breakout zones of the 1 day falling wedge price acton appears to be in. Still have 2 potential bear targetts currentl in play as well.

DrDovetail Updated 

Awesome t see price action rebound exactly on my stochrsi horizontal trendline. the 1 day 200ma is floating somewhere around the 8.6 k level and I do anticipate it will provide resistance at least upon the initial retest .

DrDovetail Updated 

Target of this breakout currently in the 8.3k range however if we can then flip this yellow horizontal to solidified support as well as close the daily candle as a bullish engulfing candle, odds are good that this is just the beginning of a more sizeable rally. Must wait and see how he 1 day closes and whether or not we can flip this horizontal to solid support...

DrDovetail Updated 

If the 1 day 50ma can solidify itself as support we should at least test the horizontal resistance at 0.28-0.25

DrDovetail

If it can do that the initial breakout target is 8.5k

DrDovetail Updated 

Waiting for confirmation of a breakout from this inv h&s before attempting any sort of long here...the possibility of a fakeout right in his neckline zone is still very good as well so its best to await clear confirmation one way or the other. If it does trigger a bullish breakout of this pattern however it's very likely that we would see a golden cross on the...

DrDovetail

Look at the measured move drop target for the total2 1day chart head and shoulders pattern....no way is the entire alt market going down anywhere close to that far...that would involve all alt coins even top ones like ethereum, xrp, ltc, and bch going below zero. Of course h&s don have to hit 100% of their measured move target especially during a bull market but I...