These Bears are hungry after the rally back to their front lines! The most text Weekly Candle confirms it: having gapped up past the previous weekly, bullish candle... looks like a The Hamme is about to correct the rally! Trade well, my friends!
Back in September ‘18, a proper correction took place after a second attempt against this BEARish Resistance. Today, nearly a year later, we are approaching the same level of resistance; what do you think is going to happen? With it’s current range, between the BEARish Resistance and the Red Support Line, a prominent “Megaphone” pattern has formed; usually...
I've been patiently awaiting this moment for sometime now. With the completion of this descending-bullish flag pattern, I have purchased a one-way ticket, on the DENT Rocket, to The Moon! With this week's weekly candle opening with the same satoshi amount as the close of last week's candle (7 sats), we're sitting nice and tight on the DENT Rocket's Launch Pad....
For those who don’t know what a Mornign/Evening Star is, enlighten yourselves... because it’s one of the most important reversal patterns that signals up-coming serious market swings. Here’s a tid bit to get your whistle wet: www.investopedia.com The Bears are done here I believe. With the Close of the Long Bearish Candle at a 624, followed by the Doji...
I posted this awhile back: It's astonishing how the world is trying to figure out what is really happening here; it's quite simple. The bulls rallied the market for 1000s of percents of gains, and now profits are being taken. I believe we're going to be seeing 8250 before some seriou consolidation begins and the Bulls retake the market. Trade well my friends.
I've been waiting all day for XRP to break this continuational-accumulated flag pattern. Anyone else want some milk?
There's no telling, as of right now (zero technical indications), when Bitcoin could come back down to Earth. All I know... is that this type of momentum cannot be sustained forever; when there's too much Supply, then Demand becomes more favorable. Trade technically my friends and Happy Holidays.
I have to totally agree with KryptoKelly on this one. This massive cup-handle pattern that's formed is all too familiar; Bitcoin did this exact same thing before taking off to the moon. Let's all take a smooth ride to the 3.618 for now, and then we'll consider the Sun!