mikedargham

mikedargham Updated 

On the 15 minutes chart of shiba we can see that a left shoulder have been formed and the head. I'm still waiting for a confirmation of the right shoulder then that could be a long opportunity.

mikedargham

As I already told you guys in the beginning of MAY (may 6th) we've hit a resistance line that we haven't broke for many years and I told that I'm expecting a pullback and that it's hard to break it with all the news in the world. I'm still expecting a big pullback and that will be considered bullish for stocks and crypto.

mikedargham

On the lower time frame of btc we are forming a bull flag after seeing a pump in the price. we have to wait for a breakout to confirm it's valid

mikedargham

ON the 4 hours chart of GMT we are breaking out of the triangle and the targets are huge. We still haven't confirmed a breakout but if we close above be ready for a big move in the price

mikedargham

On the 4 hours time frame BTC/USD is forming the symmetrical triangle which is most likely to be a continuation pattern. But that doesn't mean that the price will break bearish we could see a reversal by closing above. NB: we have to wait for a confirmed breakout to enter a trade.

mikedargham

On the 15 min chart a bull flag have been formed and is now being rejected from the resistance

mikedargham

After the big drop that we've seen, a bear flag have been formed. If we break downwards the potential target is around 28200.

mikedargham

After breaking out of the rising wedge we are forming a bear flag on the 15 minutes time frame which may indicate a continuation

mikedargham Updated 

The triangle that we spoke about yesterday have been broken. Beside that triangle the H&S chart pattern is being broken know and if that candle closes like that then we may see lower numbers

mikedargham Updated 

On the 4 hours time frame of ATOMUSDT, the price is forming a rising broadening wedge which may indicate a continuation of the drop if we broke the support downwards. Take a look at the Bollinger indicator it is shrinking which gives us more indication that a big movement in the price is going to happen

mikedargham

On the daily chart of the S&P500 we can see a falling wedge starting to form and that could be a bullish signal. NB: The falling wedge isn't confirmed yet. I need to see another bounce off a support/resistance to confirm it. The falling is most likely to break bullish but nothing is assured.

mikedargham

Beside the inverted head and shoulders that I already covered, on the 2 hours chart penant is forming which gives us assurance that a big move is coming to the market. NB I'm still bearish on BTC for the next couple of months but for now we might see a small bounce. For me to become bullish I need to see a daily candle close above 40k.

mikedargham

On the 4 hours chart of near/usdt we can see a symmetrical triangle forming which indicates a big movement in the price. If we take a look at the Bollinger indicator we can see it shrink which also indicates a big price movement. I'm expecting about 20% move in the price.

mikedargham Updated 

On the hourly chart of GMT a symmetrical triangle is in play. To know the price movement we have to wait for a breakout.

mikedargham

After that big dump in the price of EUROUSD a bear flag have been formed and a continuation is expected. The price target is the white line.

mikedargham

On the 15 minutes chart, ATOMUSDT is forming a falling wedge which may indicate a reversal. If we take a look at the RSI we can see a divergence where the price is forming lower lows and the RSI is forming higher lows.

mikedargham

For the last 7 hours we've been inside this symmetrical triangle and its coming to an end. If we take a look at the Bollinger indicator, it's shrinking which indicates a huge move is coming.

mikedargham

A quick update on the inverted head and shoulders pattern. The price broke the resistance and is retesting now we still didn't close bullish . The RSI indicator is still forming higher lows and didn't break through the support line