DrDovetail

DrDovetail

We can see LTC had a very ncie pump against btc after its ltcbtc golden cross occurred on the daily....it has since corrected and appears like it may have a chance at triggering a cup and handle pattern...however the threat of a 1 day ltcbtc death cross quickly approaches. If the death cross is to materialize this cup and handle pattern will most likely fail...and...

DrDovetail Updated 

Looking very bullish breakout should likely be confirmed soon enough. This is essentially just saying the same thing as my march ltcusd chart says, except now the handle of the cup and handle is not only an inv H&s but a smaller cup and handle itself as well.

DrDovetail

It appears we will bullishly trigger/break an adam and we've double bottom pattern on the daily on the trxbtc chart however we must keep in mind tha since we recently had a deathcross on this chart more losses against btc are anticipated after it hits its breakout target. I assume it will get rejected back down from the 1day 200ma resistance and be bounced back...

DrDovetail

Waiting for confirmation first of coursen but it seems like confirmation is about to arrive.

DrDovetail

No confirmation candle yet but clearly some bullish volume confirmation on our breakout candle. Target 43 cents. 40 cents is the current resistance but we should get through it relatively easy.

DrDovetail Updated 

this bullflag inside an inverse head and shoulders inside a bullish ascending triangle should provide a triple threat of bullish momentum that finally breaks us above the strong resistance at 8504 and allows us to achieve the elusive higher high on the weekly chart. We must always be ready for a potential fakeout of course but odds and probability strongly favor a...

DrDovetail

if this triggers odds are good xrp will finally be making sustained gains against btc again for a period of time. There is also an interesting fractal with the 50 and 200ma on the 1 day chart that indicates we are due to see xrp make gains against btc soon but since this is the 4hr chart I will have to make an additional idea after i post this one that focuses on...

DrDovetail

today we brokeout of the 4hr inverted head and shoulders pattern on bitcoin and the target takes us precisely to the big horizontal resistance area of 8504 that we have as of yet failed to overcome the previous two tests of it. My guess is we will reach it on this breakout which will get us above he bigger 1 day chars ascending triangle pattern we are currently...

DrDovetail Updated 

btcusd has been consolidating inside an ascending triangle on the 4hr chart for a bit now and will likely continue at least one more leg up before the anticipated first real correction of this current bull run. On the 1 day chart shown here we are seeing that the triangle may not just be a triangle alone but also possibly a bullish pennant. If the bullish pennant...

DrDovetail

throughout the recent bear scare where for a moment it looked like we may finally be seeing the 31%-41% correction anticipated to follow our current parabolic uptrend, the ascending green trendline on our weekly stochrsi has held vigilant support only slightly teasing a peek below it briefly which now there is no longer any trace of. This line has held strong...

DrDovetail

may see a correction in the immediate short term but this is potential trendlines to watch between this pair from now until 2021. Mainly just posting this one in case radingview doesnt save my chart work again...much of these trendlines are still speculative but also still very possible.

DrDovetail

Eth target of 261-265 has been hit. Considering how bullish the entire market has been recently this consolidation may be shortlived before more upside but a few days bull flagging in this zone before more upside is equally as probable. will have to wait and see..I'm anticipating the next pattern wotrh focusing on to be found on the daily chart rather than the...

DrDovetail Updated 

Lots of bullish signals converging at the same time on the ethusd pair right now. First was the golden cross on the 1 day chart that occurred a few weeks back and now appears to be sustained. 2nd we have the bullish breakout of this weekly rising wedge pattern(a pattern that typically breaks bearish). For a bearish pattern to break confidently bullish like this...

DrDovetail

As long as the 1 day chart's inverted head and shoulder pattern its currently in gets validated...this would also likely cause it to experience a golden cross.

DrDovetail Updated 

Cardano has been taking a bullish upturn recently along with much of the alt market. . .but if it can trigger a breakout of the current inverted head and shoulders patern on it's 1 day chart, it still has the potential to double its current price. Current 1 day stochrsi is alreeady over extended so it may meet resistance for a few days or so at the neckline before...

DrDovetail

Omisego is another fundamentally sound alt that has recently had a golden cross on the daily chart..it is now above the neckline of its adam and eve double bottom pattern too and looks ready to have a bullish breakout.

DrDovetail

BTCUSD continues to climb and plenty of weak hands have been taking profits prematurely and missing out when it continues to pump. They fail to see how we could raise 78% from the point of our golden cross before any serious correction which is around 9.6k. That's because they aren't looking at the fact that btcusd did exactly that at the beginning of the previous...

DrDovetail Updated 

After looking closely at the parallels between LTCs price action after it's 1 day golden cross, and BTC's current price action, I'm convinced BTC is taking a very very similar path that LTC has taken and that LTC is leading the market and can be looked at to get a clue of where BTC wiil soon head. For example, from the point of LTCs 1 day golden cross in March to...