DrDovetail

DrDovetail

The breakout targets are still roughly pretty close to eachother even though price action on the flag is now looking more like a symmetrical pennant. I anticipate a break upward from the pennant no later than tomorrow but possibly tonight. That will put us above the neckline of the inverted head and shoulder pattern...I'm still not completely confident we will...

DrDovetail Updated 

Dash is experience a nice big green daily candle today which has allowed price action to climb back above the 1 day 50ma(in orange) We can see we also seem to be completing the right shoulder of an inverted head and shoulder pattern. I'm looking for a minor retrace here that retests the 1 day 50ma multiple times and keeps finding support there... if this occurs I...

DrDovetail

I see confluence in the current bull flags breakout target and the price target of the diamond kite breakout giving me confidence we will hit tis target...in order to do so we will need to break above the inverted head and shoulder neckline...while I think we will come within at least 1-2 pips of this price target I'm not so certain on whether or not we will...

DrDovetail

After what seemed like neverending volumeless sideways movement, we finally broke up bullishly and we have now hit the breakout target of the descending broadening wedge give or take a quarter of a pip and have also hit a very strong former resistance line just below the neckline of the inverted head and shoulders that we are now finishing the right shoulder on....

DrDovetail Updated 

Cheers to my friend @XPCollector7 for bringing this one to my attention. We can see Litecoin is now triggering an inverted head and shoulder pattern that will, if we can maintain support above the 1 day 200ma(in blue), continue much further upwards from here...the next big line of resistance is the turquoise horizontal line here but the inverted head and shoulder...

DrDovetail

Not financial advice...if a falling wedge we could breakupward soon...we could also still have room to drop based on the size of the pole of the bearflag we broke down from

DrDovetail

So its now looking like the diamond pattern may indeed be a diamond bottom rather than a bearish continuation diamond as we have broken bullishly upward...however 2 big resistance lines stand in its way that may be powerful enough to send it back down and create a bull trap. The top trendline of the falling broadening wedge(in green) and the 1 day 50ma just above...

DrDovetail

The 1 day golden cross is inevitable the bullish breakout of the bull flag seems inevitable too which should then also make the cup and handle breakout occur as well. A perfect triad of patterns all combining with a daily stoch rsi that has lots of room to fly make this an easy long. Golden cross should occur in the next 3 and a half hours. If it hits the cup and...

DrDovetail

We can see a 1 hour head and shoulder pattern is threatening to break the neckline right now and if it were to do so we would essentially have a breakdown of the bearish continuation diamond pattern. We eliminated the possibility of it being a diamond bottom pattern when no volume accompanied the fakeout bullis breakout and nwo it is crawling back inside the...

DrDovetail

took me a while to be able to nail down the current pattern we were in after many 1hr,4hr, and 1 day chart bull flags and bearflags seem to keep 180ing right in the middle of their breakdowns....I finally was able to connect the dots on the 3hr chart and found this diamond pattern forming. Typically diamond patterns that occur after downward movement like this one...

DrDovetail

Despite the current bearish outlook on bitcoin we can see that tron has a lot of exciting things currently going for it on the 1 day chart on binance. It has completed a cup and is now currently working on the handle which happens to be inside a very long bull flag. We can also see what appears to be an inevitable golden cross about to occur on the tronbtc pair...

DrDovetail Updated 

We can see bitcoin has formed a symmetrical triangle on the 1hr and the 4hr charts which we all know is a continuation pattern...and if we look left we can see it was preceded by a big bearish drop o odds are good we will be continuing downward...I have a limit buy set up right around the neckline of a head and shoulder pattern down there around 3.4k I feel this...

DrDovetail

We could double bottom at the weekly 200ma and find our bottom there considering we have never closed a weekly candle under it. Next leg down you can see a major trendline here in this yellow horizontal line that could certainly provide the bottom we are looking for but if we are to retrace below that the next 2 horizontal olive green lines seem to be the end all...

DrDovetail

As I was anticipating we have now broken down from the bear flag we were consolidating in on the 4hr chart...and now shown here in yellow is the 4hr head and shoulder pattern if it triggers the full potential drop target for it would be right around 3091 hopefully not as it could very easily invalidate our big 1 day chart inverted head and shoulder pattern...maybe...

DrDovetail Updated 

This is my first ever non crypto idea on tradingview but I couldn't refrain from commenting on what I'm currently seeing on the Dow Jones. We can see a big head and shoulder pattern seems to have been triggered which has a drop target all the way down to the 21k range. Meanwhile it seems within the next 2-3 days a death cross is set to occur on the 1 day chart and...

DrDovetail

before the latest big uptrend I said we would either have an upward target of 3850 or 4150 off the falling wedge which was fairly close....then in recent ideas I said we would likely see a fakeout on the initial inverted head and shoulder pattern and a crash downwards which has what just occurred...I think its possible we are now in a bigger inv h&s pattern that...

DrDovetail

As I anticipated in my previous btc idea, the fakeout is now confirmed after we failed to achieve a higher high and we have now achieved a lower low to follow that lower high..always a recipe for a down turn...there is a chance that we could turn around in the 3.4-3.6 range to complete a right shoulder...but it's also very possible that we could just keep...

DrDovetail Updated 

XRP just got a sudden break to the upside both on the xrpbtc chart(shown here) and the xrpusd chart. Here on the xrpbtc chart however we have taken the price action above the rimline of a cup and handle pattern it has been in and if the daily candle can close above this line we have a chance to trigger the breakout on this pattern o this Christmas Day candle and...