DrDovetail

DrDovetail

looks very good here needs to of course confirm by closing a couple candles above the rimline and seeing a big surge in bullish volume of course too. The only question here is which dotted green horizontal trendline is the more valid rimline. Stochrsi looks poised for a big breakout too. LTC has been one to watch ever since the 1 day ltcbtc goldencross.

DrDovetail Updated 

An update to the weekly falling wedge we've been keeping track of on the total crypto market cap chart. We currently are breaking up from the 1 day yellow falling wedge. If we can maintain above the 1 day 50ma(not shown here) which we likely will, we will also trigger breakout of this larger 1 week red falling wedge! If we trigger the red falling wedge the entire...

DrDovetail

if we can stay above the green falling wedge here the initial breakout target is 4275.

DrDovetail

The recent 4hour golden cross has been very good for the ETHBTC pair and we can see it's now led to a bullish surge at just the right time to give a 1 day ethbtc golden cross a real possibility of happening...should it complete the cross and continue this bullish surge we can expect price action will almost certainly go high enough to trigger the current inverted...

DrDovetail Updated 

As we are about to close the current 4 hour candle we will likely close it above the 4hr200ma and above the symmetrical triangle both very bullish developments. If we can maintain above those we will likely go up to test the next resistance which is on the day chart shown here....it is the double reinforced resistance of the 1 day 50ma (in orange) coupled with the...

DrDovetail Updated 

Finally breaking above the 1 day 50ma with authority was a great bullish sign up until the price action reached the double top point. As soon as price action retreated right at the double top point exactly it gave a great opportunity for the bears to shove the price action back downward. It may be a good risk reward zone her to exit my position and set a stop buy...

DrDovetail

We have reached the breakout target for the yellow falling wedge. Price action actually went halfway between its target and the slightly larger red falling wedges target...finding resistance at a former strong horizontal teal trendline. What momentum we had from the breakout of the yellow and red falling wedges may now be gone as we can see the price action has...

DrDovetail

The 4hr 50ma has me still temprarily hodling as it has hoisted priceaction up out of the falling wedge in a way that will very likely trigger the breakout. 4hr 50ma is now guarding the door back into the wedge....We will likely see a brakout triggered due to this which will result in at least a temporary bullbreak at least up to retst the 1 day 50ma again....as...

DrDovetail

got a symmetrical triangle, inside a larger symmetrical triangle on the bearish side of things...on the bullish possibilities we have a inverted head and shoulder setup and the larger falling wedge pattern....probability in the immediate term suggest a breakdown as we are currently below the inside symmetrical triangle...however there i still time left for a...

DrDovetail

It's come down to the strong support of the 4hr 50 ma vs. the strong resistance of the 1 day 50ma...who will win? We can see here on the 4hr chart that the 4hr 50ma is doing its best currently to hoist the price action up out of the falling wedge for a breakout but each and every time it tries to breakout the 1day charts 4hr 50ma gives it a strong rejection back...

DrDovetail Updated 

Been some extremely bearish news about XEM in the past few weeks but a bullish chart is a bullish is chart and ths one looks like it has at least some temporary upside to take avantage of. Short term long.

DrDovetail

I exited my tron position as soon as I got the BTT airdrop the other day We had just gone under the neckline of the head and shoulders pattern and I was anticipating a drop. Sure enough, that is what is playing out. The drop target for the price action suggests it will be retesting the 1 day 200ma again soon....now that price action has closed a few under the 1...

DrDovetail

We can see we will likely be getting a 4hr golden cros on the 4hr chart roughly 2 hours from now on Bitstamp(shown here). A quick look on the Bitfinex chart(not shown here) shows me a 4hr golden cross has already occurred on that exchange which could be why we are already seeing 3 nice green candles in a row here.Of coure it could also be in anticipation for the...

DrDovetail Updated 

Nice volume so far here but remember this is a 1 day chart pattern so there is still 7 hours left in the 1 day candle for a fakeout to occur...so far probability is favoring the breakout however. The 4hr stochrsi is definitely overextended for now though but it may ignore that and keep bullishly breaking upward.

DrDovetail Updated 

Dash has had an incredibly bullish last 2 days after triggering a 4 hr chart inverted head and shoulders pattern and following it up soon after with a golden cross on the 4hour chart as well. Now may not be the best time to go long on Dash however as it is just now seeing a slight bit of red and seeing as how it has reached well above the inverted head and...

DrDovetail

bull signal vs. bear signal on btc right now...because of that this idea will be listed as neutral. We can see we have the bullish case of a 3hour golden cross that has just occured...usually leads to a bullish outcome and we can also see the 3hr stochrsi has been skimming the bottom range for awhile which means there's more momentum available to go up than down....

DrDovetail

Things are getting exciting here as Crypto may have now closed 2 weekly candles above the weekly falling wedge pattern and could b poised for a breakout at anytime...however where the latest weekly candle has closed has also opened the door for the ossibility of the top trendline of the wedge to be considerably higher than originally thought (shown here with the...

DrDovetail Updated 

I was expecting LTC to trigger a cup and handle pattern here but compared to the cup this is by far one of the tiniest handles I've ever seen so we will have to wait and see how this develops but so far I'm thinking it still is a valid cup and handle even with that tiny of a handle.