DrDovetail

DrDovetail

based on the resistance confirmation price action has been getting on xrp recently I'm confident the real top trendline of the descending triangle pattern xrp is currently in is likely the one we are finding resistance at now...if that is the case we will likely break above it and out of the pattern sometime this week or next and the breakout target is $1.30. I...

DrDovetail

the biggest way most people have been missing out during this bullrun is simply by taking profits expecting a correction thats long overdue but still doesn't come and they end up losing some of their btc positioning and fomoing in a few pips higher up. I think the main reason for this lack of correction is that momentum has been skimming the top of a super strong...

DrDovetail

What an incredible bull run it's been thusfar these last three months for btcusd. Of course we've been expecting an eventual climb to at least $7229 since february and looking back over my previous charts you can see we've been charting the falling wedge breakout target since march 11th and the wedge itself as early as mid february. Not only did we finally hit the...

DrDovetail

Amazing to see the price action this close to reaching the projected breakout target from the bullish breakout of the falling wedge that we had recorded al the way back on march 11th. I was confident we would come close to hitting this projected target but honestly thought we'd see at least one retracement before we got as close as we are now. We can see we just...

DrDovetail

the 2 big players in that have been battling it out in the charts for the past couple weeks have been this strong weekly ascending trendline on the stochrsi as support and the weekly 50ma(in orange) as strong resistance. It has been a crazy battle one it looked like only a few days ago the weekly 50ma was going to win...but as we touched down on the stochrsi we...

DrDovetail

This wedge doesn't have an apex until August but odds are good we will see a break from the wedge much sooner than that...here I have picked a rough estimate area of where I think the priceaction will break out of the wedge and have put both a bearish breakdown projection as well as a bullish one. Although probability should favor a bearish breakdown to occur. its...

DrDovetail

this trendline on the weekly stochrsi has been a valid line of both strong resistance and strong support since September 2016... .can it once again hold support and provide a momentum bounce for btc one more leg up? It's plausible but at this point more probable support will break and price action will fall back for a correction...this is one trendline to be...

DrDovetail

Steve Courtney noticed an excellent fractal between 2014-15s bear market and our current one on the log chart. As you can see indicated by the yellow circles...we have just recently broken above this descending blue resistance trendline and if you look at the fractal from 2014-15 you can see that back then we broke above it right around the same exact time we are...

DrDovetail

As I said in previous posts the weekly 50 moving average would be crucial to watch and even though we wicked above it we may very well now close our weekly candle well under it at this rate after a stiff rejection as the weekly 50ma maintains resistance. I anticipate we will simply form a higher low from here or a capitulation drop...one of the 2. either way the...

DrDovetail

must keep a very close eye on this weekly 50ma we are now above...it can easily still get rejected and even though we are above it at the moment until we sustain it as solidified support it has great potential to ultimately reject priceaction and send us back down for what will likely be higher low...how far down that will be is hard to say but it can drop quite a...

DrDovetail

Still waiting on volume confirmation but looks very likely to be a legitimate breakout...the question is will it breakup to only the target of the triangle or will it go the height of the entire bull pennant? Also could use a little more volume here for confluence of the breakout confirmation but the current daily candle looks very bullish so it likely will be a...

DrDovetail

getting exciting here in bitcoin world as the 1 day ascending triangle pattern continues to play out and keeps sharpening the trajectory of the 1 day 50ma thus moving the goldencross date ahead...as log as we go sideways for the next few days or further upwards we should see the goldencross by april 23rd. My guess is it will coincide with a break upward from the...

DrDovetail

Keep a close eye on this one folks...we can see that we could have an official goldencross on ETHUSD as early as tomorrow and it just so happens to align with the price action currently peeking its head above the adam and eve patterns neckline....we can see stochrsi is perfectly positioned here for a bullish move as well...of course we need to see a big bullish...

DrDovetail Updated 

the breakout target for this one is right around 39 cents, this breakout comes on the heels of the IMF saying very good things about ripple as they tend to do and Asheesh Birla revealing that not long from now xrp will be expanding its corridors beyond just Mexico and the Philippines.

DrDovetail

Simply a more zoomed in view of my last idea with the trendlines in place on the current ascending triangle consolidation pattern we are in. The triangle has many more touches than seen here on the 4hr chart to validate it.

DrDovetail

I appears that the stoch rsi is finding excellent support on the strong ascending 3 year old trendline keeping momentum bullish for now and has helped to increase the northern trajectory of the 1 day 50ma(in orange) to where we currently have a golden cross on track for as early as April 11th. Of course any significant selling from now until then will likely push...

DrDovetail

We can see after the recent bullish breakout from the rising wedge we were in that BTC has finally achieved the ever elusive 1 day higher high a crucial move necessary to jumpstart the next bullmarket. We of course are eventually anticipating a higher low to follow it but we may keep forming this higher high a leg or 3 more upward before correcting downward to...

DrDovetail

Exciting to see the price action on the weekly chart break upward from the ascending triangle it had been consolidating in. We can see it has now been 9 Weeks since we first broke up from the green falling wedge pattern and since that time price action has been mostly bullish inching closer week after week to the green falling wedge's breakout target. We still...