Bitcoin is not looking like its about to slow down any time soon. Market Stucture is suggesting that price is about to tackle ATH territory. If price breaks through there, I see a large acceleration in price toward 30-35k.
XTZBTX now has new market structure. Rising 3 Methods candlestick pattern also forming on the monthly. Bullish signal. S/R flip for final confirmation
ZIL providing various bullish indicators and patterns. Several are drawn including fibs on current pull back for buy zones.
Power breaking out of overall downtrend and also creating new market structure w/ higher low + higher high. Bullish Engulfing on support suggesting bullish momentum
+ Break + Re-test in Inverted Head and Shoulders + Bullish Engulfing forming on Daily + Price being held at 50% fib level + Change in Market Structure ie. HL + HH
Bearish Patterns: Head and Shoulder pattern at neckline on 4H Time Frame Bearish candlestick patterns at resistance Change in Market Structure ie. LH + LL Indicators: RSI in overbought region MACD Bearish continuation Centre Bollinger Band broken down and re-tested Fundamentally bullish on Zoom long term. They are big innovators and leaders in the...
Reversal Signals: Morning Star printed on Weekly Potential Right Shoulder forming in Inverse Head and Shoulders (Daily TF) Market Structure changing ie. Higher Low's Falling Wedge pattern forming on Weekly TF. If you have any charting ideas you'd like me to try, let me know. Thanks, Anthony
NEO/BTC: Weekly Chart + Change in Market Stucture ie. HL (waiting on HH to confirm) + Waiting on break of Descending Channel + Establishing new trend + Expecting re-test of channel / trend (better entry RRR) + Price being squeezed. Breakout required
Morning Star on Weekly chart forming up (bullish) Will add more content later...
LTC breaking out of Falling Wedge Will add more content later..
BTCUSD: Daily Chart - Price currently ranging from 8.7k - 10k - Price consolidating inside Darvis Box - Several Scenarios at play Bearish Scenario: Change in Market Structure ie. LL + LH's Requires a break and hold under 8.7k Looking for further bearish candles ie. bearish engulfing, etc.. Price under Centre Bollinger Band w/ 2x rejections Further confirmation...
ETHUSD: Daily Chart Price currently consolidating. Breakout required Bearish Scenario: - Morning Star (bearish reversal) - Break in overall uptrend - Change in Market Structure ie. LL + LH - Need a break and hold under $220 for bearish bias - Break and re-test of Support for further confirmation Bullish Scenario: + Potential Bull Flag forming + Bullish Harami...
+ Falling Wedge (reversal pattern) + Waiting for change in Market Structure ie. HL + HH + Looking for Bullish reversal candle ie. Bullish Engulfing, Morning Star
+ Breakout and re-test of Descending Channel + Change in Market Structure ie. HL + HH + Re-test of previous swing level + Morning Star (reversal indicator)
+ Price broke and held out of Wedge Pattern + Change in Market Structure ie. HL + HH + Price holding on 38.2 f fib level (bullish behavior) + Price broke up from Centre Bollinger Band + Price currently "Trading The Range"