Because this patterns neckline is descending the breakout may be weaker than of a horizontal neckline. I would consider the breakout to deliver price to 307 - 337.
During the rally at the beginning of the month, BTC had over a $1000 change in price. This rally printed as a breakout of an ascending triangle pattern for BTC and LTC. ETH also gained value in this rally, however, it did not get very far past its ascending triangle's horizontal resistance. ETH has only made it to 1/2 of its projected target (ascending triangle...
largest time frame pattern (blue): falling wedge, ETH has been riding resistance for a while, a drop to support would be devasting bring price to the 10-25 dollar range...(funny oscar predicted ETH to 16, and i have a chart to support that). medium time frame pattern (red): descending wedge, ETH fell outside of this pattern in december but got right back into it,...
Is anyone else feeling a bit bullish? For a holiday weekend it looks like some action is ahead! We broke out of this inv. HS, but with a slanted neckline. I believe a slanted neckline like this calls for a breakout with less strength. So we did not go very far from the neckline, yet, we find ourselves forming a bull flag. If we break up from here i see us heading...
It seems that nobody thinks we hit our true bottom with BTC. In late July we made a high at 8.7 and fell hard to 5.7 from there. Since that low, we have been slowly chugging along upwards, creating a semi-bullish sentiment. But I’m personally not convinced this is the kind of activity we would see at the true bottom. That 5.7 low appears to be the head of a...
It looks like the next support for ETH is at $277. Awaiting another breakout of the latest bear flag for another drop to take us there.
Possible move up to form first shoulder of inv. HS, based off BTC's movements. Prediction that BTC will move to test 6400, bringing ETH along for the ride. Overall downtrend is still heavily intact, and will not move much further past current trendlines. A confirmation of resistance will send both back down, possibly creating the head. Being in such an oversold...