DrDovetail

DrDovetail

may still take a few days to break but is unquestionably a bullish falling wedge.

DrDovetail Updated 

or maybe just a symmetrical triangle,,,I have brakdown targets for both the bear pennant or just the triangle limit buy is still set up for if we revisit the weekly 200 simple moving average.

DrDovetail

A temporary short idea here but the target of this drop could be one of 7 potential targets shown here. To play it safe I am going to be setting a limit buy up right buy the 1 week 200ma(shown here in sky blue) it is conveniently lined up right with the neckline of the larger head and shoulders pattern so I anticipate the price action could attempt a head and...

DrDovetail

we can see here on the weekly chart of the entire crypto marketcap that the market is very much so inside a falling wedge...one that seems to reach its apex in the middle of march....but as with most falling wedges a breakout from the wedge tends to happen very soon after 3/4ths of the wedge has completed so a breakout can be anticipated sometime within the next...

DrDovetail Updated 

Although here on the 4hr chart the volume does not look notable, if you zoom into the 1 hr chart you will see a big volume spike that lines up exactly with the recent 1 hr golden cross. We have not yet hit our projected breakout target of the diamond bottom pattern which makes me think we have one more small bullflag breakout upward from here to around 3850 before...

DrDovetail

The symmetrical triangle has been growing more and more predominant with each day candle and now seems to be the most valid of the current possibilities. The symmetrical triangle itself is a continuation pattern coming off of a recent downtrend so it favors the downside. However, also still currently valid is a diamond bottom pattern(in purple) which usually favor...

DrDovetail

Augur started its bull impulse after breaking up out of an inverted head and shoulder pattern it then went well above the projected breakout target and it was at that moment you could tell it was going to at least aim for a cup and handle or a higher high. It has achieved that higher high and not only that the enxt high to reach is a considerable rung above...

DrDovetail

this idea is gonna remain neutral for now because fakeouts are always a possibility in crypto but we can see we are about to potentially complete a right shoulder on a very ugly looking head and shoulder pattern on ethusd's 4hr chart....we can also see that the 4hr chart is once again quickly approaching a 4hr deathcross....xrp had its 4hr death cross which led to...

DrDovetail

We currently have 2 4hr chart bull patterns forming a little falling wedge bull pennant pattern(in yellow) and a potential small 4hr inverted head and shoulders pattern....a breakup at the right point from the falling wedge pennant could give the bulls enough breakup momentum to get above the neckline of the 4hr inverted head and shoulders and even potentially...

DrDovetail

One thing crypto loves to do more than anything is fakeout the herd so although we have multiple deathcrosses across most major time frames and a breakdown from the recent bearflag, it could potentially repeat the pattern seen immediately after the price action highlighted here inside the 1st yellow circle where it only went about halfway on the rbeakdown and then...

DrDovetail

This turkey must think now that its a couple months after thanksgiving that its safe to roam the charts out in the open...however, when a deathcross turkey appears it typically tends to bring hungry bears soon after it. in 10 minutes from now we should see the 3 hour death cross occur on btc...on xrp when the 3 hour death cross occurred recently it coincided with...

DrDovetail

Interesting confluence here as I've noticed that the 4hr chart has a bearflag with a long enough pole that the exact drop target would be almost identical to where the weekly charts 200ma is currently residing in the lower 3.2ks. We all know the weekly 200ma provided the ultimate support for out last big bounce around this region...and it also has a high...

DrDovetail Updated 

of course there's always a possibility of a fakeout still but this break looks legit so far.

DrDovetail

I did not mark this idea long or short....we are simply on the precipice of either a huge bullish move for verge or a massive bulltrap fakeout. if btc breaks upward then xvg will likely trigger this inverted head and shoulder breakout which would lead to a golden cross on verge on the 1 day chart which has a breakout bull target of an over 50% increase, but if...

DrDovetail

We have followed the recent lower high with a lower low putting the bears fully in control after hitting my last ideas drop target with exact precision...we have seen a decent bounce since hitting the target but probability highly favors this as nothing more than a dead cat bounce. There is a possibility of forming a lower high here but I don't see much more being...

DrDovetail Updated 

While the chances of an inverted bart up from this bearflag are very possible considering rsi levels at the moment...I'm hoping more that we continue the trend so we can finally get this capitulation candle out of the way and bring this bear market to an end. If capitulation is near I anticipate we will break down from the current bear flag right around the time...

DrDovetail

Keep an eye on this one people...chainlink is going back down to retest the rimline of its cup and handle pattern if it solidifies support here and we see some nice bull volume to go with it then it will be a big buy for sure. Currently it could still be a fakeout but probability is currently favoring a validated breakout. Fundamentally chainlink has a lot of good...

DrDovetail

Quick shoutout and thanks to all the fine tradingviewers out there who helped me reach a triple milestone! Thanks to you this profile now has over 100,000 views, over 3,000 reputation points, and over 2,000 likes. Much love and respect to you all. I couldn't have done it without my 265 followers. So thanks to everyone especially my followers and with your support...