Breaking out of this channel will be our biggest indicator of further bullish movement. A significant rejection lower could lead to MUCH more downside. Should we break above, my first short term target will be around the 0.382 @3.6279.
I've seen this kind of rounded bottom (or top) with a massive spike near the middle a couple times now. It's a strange one, but i wanted to make a quick post about it to get it on the books. Not recommending any trades here, just wanted to track one of these patterns.
Will be tracking this one closely, its been slow but steady so far this year.
After a recent fib ping, I think re-testing the neckline before moving further up is likely... unless the $1k EOY meme holds some water that is... In reality, however, I think this is either the setup for a MASSIVE move up, or, it's too good to be true, as these patterns are apparent to even a new trader... Hence, I wouldn't recommend entering any new longs...
Here's a fractal ive been focusing on and watching for a while. I think Tezos has insane potential, it's just not a hype coin so it hasnt had any unreasonable pumps. But looking at the fractal, i see almost IDENTICAL behavior EXCEPT for the areas circled in orange. This was the "black swan crash" that rocked all of crypto, and such, i dont count it as part of a...
New ATH could be inbound already. medium.com
Not a trading idea, just a good example of a reversal being rejected in a bull run. Should see much more up to come.
As the total crypto cap approaches a MAJOR resistance line we can see a mix of bullish and bearish signals. Though our momentum indicator looks scarily similar to our previous top/bart, it's worth nothing that it's also painting a divergence. I've personally optimistic and long on quite a few coins at the moment, if we do break up, expect it to be sudden and...
ETH is in dangerous territory right now, however, it's also painfully close to a MASSIVE breakout. Regardless, I certainly wouldn't add/add to any positions right now as I admit this is made with some bull bias. However, did just want to share a few trends and patterns I've been seeing that may indicate we're not in quite as bad shape as you may think. Again, only...
If BTC manages to have a meaningful close above the red line, that would in theory confirm the beginning of a bull market. And price could do anything as a result.
Looks similar enough to keep an eye on it.
Let me be clear, I HIGHLY doubt this will play out, but a small part of me can see them wanting to screw over everyone in the exact same way the did a week or so prior, just in the opposite direction. Plus, so far the wick lengths line up oddly perfectly so far. We are also still inside our rising triangle.
There's no way this is coincidence, we're in for a least a significant dead cat bounce, if not a full on recover/reversal to the upside.
To you, this probably looks like a bunch of random lines.
Lets hope we're on the right side of the trade when it does.