STEEM has moved up a lot recently, but it doesn't look like it's done yet! Seeing a nice bullish flag here, indicating that we're consolidating a little before the price (most likely) continues to climb!
Today, it appears that BCH has has a decisive breakout from its triangle. But we have drawn an alternate triangle that is also valid, which BCH has retreated back into. Look to a breakout of this secondary triangle in order to confirm a bullish trend.
Monero has broken out of its triangle, a bullish signal. It did this before Bitcoin broke out of its triangle, however. Depending on how many investors hop onto the BTC train, the alt coins could take a hit, though. This is one to watch....
BTC has broken out of the top of a symmetrical triangle, and is now also above the dotted trendline. This is a doubly bullish signal. If it holds, it may signal an end to the correction....
We have a symmetrical triangle, and the price of BTC is rapidly approaching the point, so it will need to break upwards or downwards soon. The dotted line is a trendline, and since the price of BTC is currently below that, it serves as a line of resistance. In my opinion, this favors a break to the downside. If we break to the downside, there is always the...
After the last chart I did on XRP, based on comment by @Petitboy, I have redrawn the upper pennant line to reflect the entry point of the pennant being the high price coming down to it. This, of course, makes it likely bearish, and almost immediately it broke through the bottom of the pennant to confirm.
Now, I have drawn a red trend line. Will we find support...
This coin is strange to me in that it seems to follow such well-defined channels up and down. It has followed a 5-point correction, and I would think it's time to move back up. Anyone have any thoughts on this?
The pattern would favor a break to the upside...but with the strong recent run up and the high market cap, is Ripple overbought? (I own some XRP and hope it's not overbought and that it will break upwards--but my wishing doesn't make it so!)
When bearish signals are within bearish signals, it's never good. A previous chart I did also found a flag within a flag pattern, and the price has since broken downwards to confirm a bearish trend.
Here, we have a larger H&S pattern, and a smaller, localized H&S pattern within it. Note that the right shoulder of the larger pattern is also the head of the...
Last chart, I showed a bearish flag within a bearish flag, and the price broke downward through both. Now, we have a symmetrical triangle whose current price is flirting with the bottom and may break through. Will it? Given all of the bearish indicators I have previously shown (see previous charts), I believe so.
My last chart was about multiple bearish indicators for BTCUSD, including a large H&S pattern forming and a rising wedge pattern, which we broke through to the downside.
Now, we're getting embedded flag within a flag pattern, which is bearish both short and medium-term.
A flag pattern like this does not always guarantee a break to the downside; in fact, the same...
Multiple bearish formations here. H&S clearly forming. Downward-sloping neckline indicates high degree of bearishness. If H&S completes (around 10K?), price may drop an additional 10-20% to the 8K-9K range.
Rising wedge has broken to the downside--bearish.
Looking now to pennant--if we break through on the downside, it will mark an overall trend reversal and...
