Reverse head and shoulders indicates a market reversal. In this case, a possible market spike to the indicated ~ $37 line upon 4-hour break out(and holding) of the neck line. It currently broke out and needs to hold for this idea to take place. However, this idea is cancelled if it breaks down. Good Luck. **NOTE** ** I am not an experienced trader. I am an...
Found a possible bullish flag for the BCH-BTC pair. Currently, BCH is sitting at .15 BTC. If this trend continues, BCH can make a run for .19 BTC which is very close to the 1.618 fib line. This trend is invalid if the price breaks down from the lower part of the channel. RSI is at above 55 on the 4-hour chart showing strength and a bullish sign. **NOTE** I am...
So we have an inverse Head and Shoulders and a cup and handle on BTC. If it breaks out of of current high, then we can see potential profits $9600 for the cup and handle followed by the 11600 for the H&S. This idea will cancel if it does not break the $8700 (and holds) resistance level. Good luck everyone. Hope this is the end of the current correction for the...
Found a possible symmetrical triangle indicating a continuation in the current uptrend. As to why DOGE is experiencing movement is beyond me. **NOTE** I am not an experienced trader. I am just an investor learning TA. So please, take it easy on me. DO NOT use my published ideas for making decisions. Recommendations are welcomed as this is how I practice and...
Found this possible head and shoulders on XRP. Indicating a possible drop to around .2414 level. **NOTE** I am not an experienced trader. I am just an investor learning TA. So please, take it easy on me. DO NOT use my published ideas for making trading decisions. I practice what I have learned here. Likes are welcomed. Again, I am not an experienced trader.
LTC run up to 100 is almost here. Its obvious LTC finds itself in an ascending channel. **NOTE** I am not an experienced trader. I am just an investor learning TA. So please, take it easy on me. DO NOT use my published ideas for making decisions. Recommendations are welcomed. Again, I am not an experienced trader.
In the event that the current pattern breaks out above the upper trend line, it is highly likely the pattern will continue with an upward momentum.However, this idea is cancelled if it does not break out above upper trend line. Be cautious as the price could break down to lower levels. Monitor your trade. **NOTE** I am not an experienced trader. I am just an...
This is my second Elliot Wave study and idea. Currently BTCUSD is sitting at the bottom of wave two at around $10990. If this is in fact the bottom, then wave 3 is the longest and could take us up to the 1.618 extension (~$22K) of the B to C retrace. There will be ups and downs on the way to the 1.618 fib target. So keep that in mind. So, monitor and protect...
Here is a bullish inverted H&S on BTC. :) Little humorous, but, non-the-less true.
LTC has been on a descending channel since BTC began its fall in December after peaking at almost 20K. Once LTC breaks the upper part of the channel, I will consider new trading options. Until then, I am out of this one. I must add that LTC is one of my favorites for long term investment so I will be watching it closely for any long term bullish sign which I guess...
Despite the 50 plus day of the current corrective market, ETH has remained resilient with an RSI over 45 and way above the 100-day moving average on the daily charts. ETH is currently in the middle of the ascending channel at about $1106 USD. I am holding my current core positions till it reaches the top or bottom of the channel to determine my next course of...
This is my first EW idea. I think bitcoin is an excellent case to conduct EW analysis. This idea is cancelled if fundamental factors arise and or price drops significantly below current trend. As it stands now, BCHUSD is trading at 1594 on GDAX with lots of resistance around the .618 fib retrace from the last high. **NOTE** I am not an experienced trader. I am...
ETHUSD is heading towards the next resistance at ~$1091.00 USD. Currently, ETH is in a hyper ascending channel that will briefly meet that next target. However, watch out for pullbacks as people may be inclined to take profits of the table which can surely drop the price to the previous support line of about $846 or even $747. **NOTE** I am not an experienced...
Found this continuation of an ascending triangle. Per the rules, if the price breaks above the trend, the price could soar from breakout to the size of the entrance into the triangle. If this happens, ETHUSD price should soar to around $800 USD. It is still a bit far, but price seems to be heading in that direction per my chart. **Note: I am NOT an experienced...
Despite the fundamental drama including the tug-of-war- between BTC and BCH, Bitcoin continues the uptrend on the long charts. Currently riding on the upper trend line. This gentle giant has proven to be resilient despite all of the negative news. It has pulled back a couple of times only to get back on its feet and continue the climb. **NOTE** I am not an...
Found this possible bullish pennant. According to what I am learning, this pattern should be taken with caution because its over 4 weeks long. However, if the pattern hold and breaks out above upper trend line then the price of XRP may reach $0.60 USD. **NOTE** I am not an experienced trader. I am just an investor learning TA. So please, take it easy on me. DO...
Found this ETCUSD ascending channel. Possibly due to the upcoming Ethereum Classic Summit (etcsummit.com) November 13 and 14 in Hong Kong. Among other possible fundamental reason for the sudden rise is the inclusion of ETC in Exodus. **NOTE** I am not an experienced trader. I am just an investor learning TA. So please, take it easy on me. DO NOT use my published...
Found a Gold to USD descending channel. Looking for the upper trend line penetration to show change in pattern. If there is upper penetration, we can expect bullish momentum. Note: I am not an experienced trader. I am an investor learning TA. So take it easy on me. I say again, I am not an experienced trader. I follow various experienced analysts and practice...