Until it broke above the recent down trendline.. I expect this going lower.
This is a renewed chart regarding two previous harmonic patterns for BTCUSD. let see how this plays out. any input regarding harmonic pattern also welcomed as i'm new and i want to learn an opinion from you. peace.
- Double Top formation usually occupy by 2 peak of the price action followed by the weakness in momentum and volume on the way of making the second peak. see the Indicator ( DMI, Volume Oscillator and Accumulation/Distribution Percentage) for quite clear divergence in recent price movement. - Based on Double Top Pattern, Around 9700 would be a neckline support...
Dont really dont know what happen to Ethereum recently but what i do know is the chart is very ugly and seems 2 bearish pattern already break out from it's pattern (Inverted Cup & Handle and Descending Triangle). There's a downtrend line since January 2018 and as long it's below the red down trend line, i consider this is a bearish trend until the price action...
Fibonacci Circle for myself is a prediction tool for an upcoming impulse movement based on how the previous price action's behavior toward each fibonacci line which could represent a probability for futures outcome impulse movement. let see if this thing works as i curious to find out how the percentage following this chart any tips for fibonacci circle is...
I expect the price action bouncing within Ascending Broadening Wedge pattern that forming in 1 hour and 4 hour chart . Actually, there 2 Ascending Broadening wedge could forming as the price action would be parabolic in near future. See the chart with a blue color line and yellow choppy line for the smaller broadening wedge.
TOTAL2 just dump after it broke the recent short term up trendline and currently testing a trendline from December 2018 (white line), if it's hold and manage to break the down trend since 2017, i expect a volatility would come once this total market cap reach that line around august 2019. At some point if TOTAL2 decided to dump for more and broke the white up...
- Using Fibonacci circle to see a upcoming pivot point on short term future (Experimental). - Still on bullish movement as it's made a same high as previous peak but it's start to show it's weakness after it's broke the previous uptrend line. if it's somehow could regain above the trend line again and maintain above the trend line is more likely the trend would...
On Weekly Timeframe, short term it's on bullish trend (higher high and higher low ) while in medium term is still in bearish trend ( still below recent down trendline from 2017) yellow line in the chart represent a down trendline also the horizontal line represent resistance line by fibonacci retracement. If the USD value could go up above the resistance (yellow...
- As long the price action below the yellow line.. the trend still bearish. - Break 2.236 fib line result a devastating down fall as many bearish pattern for ETHBTC already being formed.
Potential Bearish Harmonic pattern in 1 hour is play out. Let's see how this plays out.. invalidated once the price reach above the X ... currently the CD is unknown but estimated reach 1.272 - 1.414, Between 12800 - 13200 would be a sweet spot.. if it do get stop around that level.. it will fit perfectly the price movement is moving inside rising wedge.. IF the...
- Just experimental chart use FIbonacci Circle as i myself want to see how it's projected.. - I believe each circle play a part as a resistance and support. See the yellow circle... just like in december 2015 when price consolidate and hit the yellow circle as it's start a impulse upward. and act as resistance during the top of impulse movement around January...
On 4 Hour Potential Bearish pattern Cypher is building up. Invalidated once it's above 13800 USD / Intial movement (X) Please let me know if there's anything to add for this pattern as i'm learning to draw this pattern as well. Peace...
Just another chart art nothing serious. Print USDT for more BTC/USD price liquidity, dont stop doing what your doing Tether. keep printing, keep pumping and Always Stay legit ! Until someday tether printer is goes obsolete because somethings..
Let see if this happen.. please any input regarding this 3 drives pattern would be welcome as i learn about this. Invalidated this pattern once the upcoming bullish impulse movement way above 0.618 and bearish impulse way below 1.272 . peace.
- BTCUSD is fall toward nearest support at 9743 and a struggle for bull to hold that level for now. i expect a heavy support toward the next up trendline. if it's hold for a while. it would still consider a bullish trend is still in play - Down trendline is an important line as if it's broken more likely the price would rising as long it's stay above the current...
After it's downfall in price, it just bounce from previous recent lowest point and testing it's the resistance for ETH/BTC This is a crucial moment for ETH/BTC to brake the down trend line (red line) from January 2018 and it's would be expected as a heavy resistance if it do break out from that down trend line, it's a good bullish sign for reversal trend....
- If this candlestick could manage to closes consecutively below the support of the pattern. i would be bad sign for btc dominance. - Invalidated once the percentage manage to get above the previous high again. If this double top become invalidated, keep in mind from previous post i mention btc.d also moving inside a large rising wedge.