Since the start on Feburary, BTC has been working on forming and Inverse H&S pattern. If we can see BTC break the blue neckline around $8,900-$9,200 (depending on the timing of the break out, we should see a target price of $13,000+. The blue dotted line represents the major downtrend we were in since the ATH. We were able to break this downtrend at the end of...
Good morning everyone, In this very manipulated market, it is difficult to try to fully understand what is going to happen with BTC in the coming weeks. For me, I believe I have an idea. First and foremost, I have been tracking the development of a cup and handle formation for the last few days. Within the cup, you can see a ascending wedge has formed since the...
The head and shoulders pattern has been forming for the last couple days and today is the big or break day! Right now the peak of the right shoulder is formed. We will see if we will fall to the neckline or FINALLY break that dowtrend line. We shall hope for the best! Cheers.
Cup and Handel Formation forming at the moment for BTC. The handle is being supported by the 50 and the 20 EMA on the 30 minutes candles, so I expect a small break out soon. Price Target around $8250-$8300 for you day traders!! Cheers.
Hello everyone! Months ago, I made a post about how I believed ETH was following its historical pattern of a Measured Bullish Move. Today I am here to revisit this idea with much more confidence given the recent months! So let's get right into it: 1st - Looking at the RSI index, you can see a variations of points either circled within a green or red circle. The...
In the past few days, many of the MA's for QTUM was looking at the possible bullish pennant forming. This pennant broke down after a BTC correction, which was unfortunate to see, BUT I wouldn't count out another breakout just yet. It appears that QTUM is developing a downward sloping flag, with the prices following a downward channel. Within this channel, there is...
After the breakdown of consolidation, it appears that XRP could be working its way to form a cup and handle. With the type of pattern forming in an extremely bullish market, the next couple days could offer some incredible gains. If we see the price bounce off the "top of the cup", it would be a great time to get into this amazing coin. Cheers.
QTUM is showing signs of another possible break out. After the huge outbreak we had a couple days ago, it is looking like we are consolidating into a downward flag. Even though this is a BIG indicator of upward breakout, I see this going two ways once the consolidation hits POINT 1: A) If we see another massive BTC 7.49% run that last for multiple days, QTUM...
ETH hit it the two year support line a few days ago and has been steadily rising since. This completes the 2nd portion of this measured move I expect a small correction down to .035 sats and consolidation at this level until early 2018. I think after that consolidation, we will be ready to ride it to the moon!!