mikedargham

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

mikedargham

On the 4hours chart, we are playing inside a rising wedge which indicates a continuation of the drop in the price. If the price bounces off that support the target is 32k and then breaking off that wedge. The wedge target is at least the bottom of it