Weavs844

Weavs844

Possible continuation diamond pattern formed. Target price after breakout is the height from the highest peak to the lowest valley. (which just happens to coincide with a previous price resistance level)

Weavs844

Was fun while it lasted!

Weavs844 Updated 

Symmetrical triangles tend to continue in the same direction which would indicate a downward movement from here. (definitely can break up as well though) The target of a symmetrical triangle breakout is the distance from lowest point to the next highest and use that amount from the breakout point.

Weavs844 Updated 

Possible Diamond pattern forming. These have a greater chance of breaking up but can also break down. Targets set depending on breakout

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Long term price predication based of previous action.

Weavs844

Ascending Broadening Wedges target when break down is the lowest formation low. Which would put us at around 3425.

Weavs844 Updated 

Ascending Broadening Wedge A couple links if you want to read about them: thepatternsite.com www.elliottwaveanalytics.com

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See charts of Total Market Cap below!! I don't believe in how most people are using individual coins when trying to determine when the market is going to reverse!! Yes, you can use them to trade during bear or bull trends but when looking for when the market is going to reverse you need to look at the total market. This is speculative market we are trading in!!

Weavs844 Updated 

Waiting it for breaking the trend. I think what most people are looking at right now is deceiving.

Weavs844

Next bull market pattern

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Taking a look at the total crypto market cap it looks like we have a perfect triangle forming to shoot up here shortly. I think just looking at one coins graph to determine the whole market trend could be misleading... (even if it leading one) Link to comparison of 2014 and 2018: imgur.com

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Weavs844

5k????

Weavs844

Not perfect, but damn those patterns are similar!

Weavs844 Updated 

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Weavs844 Updated 

Descending Broadening Wedges showing buying signs for their reversals?

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Bitcoin pattern in daily RSI

Weavs844 Updated 

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