DrDovetail

DrDovetail Updated 

As I anticipated we broke upward out of the 1hr charts bull pennant...I redrew the bottom trendline to touch the low red wick when it appeared we may have broken below the triangle and sure enough this appears to be the valid trend line. I say go long on litecoin it and bitcoin are very few moving unilaterally on this meteoric rise...them and omisego.

DrDovetail Updated 

take a look...My guess is it will break outward...Litecoin has been outperforming even bitcoin recently...one of the few coins right now to do so...most coins have not been unilaterally following bitcoins meteoric rise...must have a lot to do with litepay. Anyways highest probability is it breaks upward out of this pennant and seeing how its reaching the end of...

DrDovetail Updated 

The Bull run continues. was happy to see the momentum happening today. I added to my position at the near-bottom of today's candle's dip (10300). It surpassed the red fibline and may be keeping it as a line of support depending on how today closes out. Today's best trading probability opportunities would be small laddering in at 10300 and profit taking just below...

DrDovetail Updated 

The Bulls took a 1,000 dollar plummet suddenly last night...likely from multiple people profit taking after a prolonged run. RSI was oversold and it took and price tooka a quick dive but was eventually caught by the 200EMA(in blue) in fact the candle that touched it formed a dragonfly candle so it appears bulls must be afraid of dragonflys as it has scared the...

DrDovetail Updated 

Every time some sort of significant sell wall appears on btc's depth chart the bulls find a way to engulf it and so far the price is still heading for and on target for the original price spike target($11,918) from the head and shoulders breakout. If it can surpass that the enxt possible resistance would be the top fib extension line(in dark grey) at $12198.30....

DrDovetail Updated 

Bulls caught their second wind and busted through a triple reinforced resistance line of the yellow fib line, and the convergence of the 200EMA and 200SMAs(on the four hour chart). They finally got the strength to close the day chart candle above that barrier which is a win for the bulls, Even though the candle on the day chart was indeed able to close above that...

DrDovetail Updated 

The bulls need a breather after that exciting run and have been stopped at least temporsrily in their tracks when the 200 EMA(in orange) closed the gate on them....Now that the bulls have had a taste, their hunger is probably running wild and they may very well be able to burst through the 200EMA gate and just above it the 200 SMA wall as well when they retest...

DrDovetail Updated 

Bulls on parade! Bulls on parade! They had a good run but we are now seeing some fatigue as it appears the RSI is reaching overbought conditions on the 4 hour chart. breaking the head and shoulder inversion has enough size from the neckline to take us eventuallly to 12 but for now the temporary resistance appears to be right at the 200SMA (In Pink) right around...

DrDovetail Updated 

The neckline has been breached in big fashion! However not as much volume as you would anticipate to go with it....that may very well come today. it has blasted past all recent lines of resistance and now seems to be forming it's new resistance line with the green fibonacci retracement line. We may most likely see it bounce back down and see the inverted head and...

DrDovetail Updated 

On the 4 hour chart we can see a clear inverted head and shoulders pattern has formed...it needs to go above the thinner grey line to break the neck line in order to be valid, but even then, we need bullish confluence in every key indicator (rsi, stoch, mac d and especially Volume) to validate the pattern. To break the grey neckline we will need to get above...

DrDovetail Updated 

Turned out my original call yesterday was exactly where yesterday's candle closed with the ultimate support of yesterday's candle being the 200 SMA(in pink) and it's ultimate resistance being the top trendline of the descending wedge(in green). We may very possibly see a couple to a few more lower low/lower high retracement candles, but it's also possible the...

DrDovetail Updated 

As I said in my last idea 4 hours ago...even though the price action of yesterday's candle did exactly as I predicted it would while forming another encouraging higher low/higher high combo(which is great for an ongoing bull trend), it also formed a red doji, coming off of a bullish pattern which usually signals a reversal and leads to at minimum a temporary dip...

DrDovetail Updated 

Todays candle has been stuck between the T-line(yellow) and the 200 EMA(orange). Being that the market is currently bullish and we finally closed above the t-line yesterday I anticipate the candle to eventually break and close above the 200EMA when it finally gets squeezed over it by the t-line. In the meantime I anticipate we will see the candle wick below the t...

DrDovetail Updated 

Todays BTC Candle has been wicking above the T-line(yellow line) quite a few times today which has acted as strong resistance the past couple days. It has now gone up above the t-line and touched The 200EMA(orange line) and bounced down off it a couple times today and currently, todays candle is as of this writing, still above the T-line. It's possible then that...

DrDovetail

If you take a look at this zoomed in picture i65.tinypic.com you will see that today's candle has been repeatedly bouncing up off of the 200 day simple moving average (purple) using it as a support line and also the T line(yellow) seems to be retaining its role from yesterday as the resistance line. Hopefulyl one of these bounces off of the 200SMA will give it...

DrDovetail Updated 

Today we can see that BTC continued to rise as the confirmed bullish hammer reversal pattern suggested it would. early today at around 8600 you can see how the price action bounced off of the tline making the t line the current line of resistance...just barely above the t line we have are 200 EMA(in orange) those 2 will likely reinforce the resistance for today...

DrDovetail

Hopefully this shows up correctly on the chart , I tried to connect with a green trendline the bullish volume swell we got today to the biggest one we got in 2017 back on september 15th(which eventually took us to the ATH) . It is currently the same exact volume as it was back then and todays candle is about to close out as a massive bullish hammer. This is the...

DrDovetail Updated 

BTC has been very oversold on RSI as of a late so a bounce was to be expected. It also happened to bounce offf of an old trendline(pink line) that can be traced back all the way to July. In this bear market we've seen many "dead cat bounces" so far though so best to only ladder in a little at a time with the pink trendline suppport of 5960 being where you buy in...