IMO further downside for Crypto as a whole. My entries will be around 35-39THB.
H&S reversal pattern back to the down side with high probability reaching target. The breakout has triggered the pattern. Tight SL, Good TP. Have a great one
High probability of Bullish breakout with a great Risk Reward Ratio.
It's almost time for a Bullish breakout, when BTC Dominance starts to drop. Almost everytime when BTC Dominance starts to decrease, Altcoins Dominance are increasing. Better be early than chasing a breakout!
Trendline channel Breakout Potential reversal pattern Fibbo Retracement of 61.8% met
-Key strong support level at 3000$ -There needs to be some form of reversal pattern, before reasserting back to uptrend -Crossed Fibbo 78.6% level -Similar to 2014-2015 scenario *Downtrend to Sideways to uptrend
Bitcoin is still in Bear Market indicated by trend channel. Target of fibbo 78.6% is still not reached & not reaching at major support level too. Final major spill coming?, it can overpreform to the down side.
Ethereum has reached key support level, major trendline & reached final fibbo retracement at 78.6%. These three key pieces of analysis indicate a High potential turn to the upside. This could be the Low, but we can see double botton or higher low for bullish scenario.
Bitcoin still shows great weakness, threatening 5000-6000$. If it breaks below support level, we will see futher sell offs until we reach final fibbo retracement from full swing.
Potential Triangle structure forming, with a slighly higher probability for breakout to the upside. We are still in sideways in between resistance & support level. Higher lows are forming indicating interest to the upside, bitcoin has also reached fibbo retracement betwwen 61.8% & 78%. Trend to sideways to new trend. On the other hand, if bitcoin breaks key...
Inverted Double bottom pattern on larger timeframes, Falling Wedge Breakout to the upside.
OMG is about to break out of falling Wedge Pattern. Breaking Above the falling wedge pattern would be an optimal point of bullish entry.
Bitcoin has broken out of major ascending triangle, heading to the target around 7800$. Bitcoin could also continue to spill to restest major trendline, before potentially returning to the upside.
High Probability Break to the upside. Descending Triangle within Triangle.
At the moment when Dash breaks out of the falling Wedge Pattern, it would be a optimal point of entry for Long.
Bitcoin has a high probability of forming a Higher Low, before reasserting back to Up Trend.