Notice the multi week pump on the bearish divergence in 2017. We also pumped on a bearish divergence this year as well and dumped a similar percentage.
Yes this is probably ridiculous but...what if?
Just a pattern I noticed charting some dino coins.
LTC entered this these two falling wedges in early 2018, right at the beginning of the bear market. It finally broke the resistance on the first wedge a couple of weeks ago, got rejected at the second resistance right before the crash, and then bounced back off the first resistance yesterday.
You'll notice a...
Inverse H&S pattern about to complete.
Bottomed out on 4hr Stoch RSI.
Bouncing off long term support.
Great entry point, but set tight stops if we break below the long term support, as things could get ugly if that's broken.
I'm seeing a massive inverse head and shoulders forming on both the 4hr and daily charts.
There's a chance that this has already played out but I don't think that we've corrected far enough down for the formation to have been fully completed.
The last two times we had this many longs stacked were on 2/21 and 3/13, and we saw significant corrections on those...
Good lord some of you guys use absolutely ridiculous indicators to try and figure out the market.
Here's a secret - most traders use simple charting techniques.
Keep it simple.
So here's what I'm seeing:
Stoch RSI has bottomed out on the 4hr. Daily RSI has just today hit bullish territory. We are currently bouncing between two possible channels:
Channel 1...
