Looks like an Inverse H&S is forming in IOT BTC. Just need to see how this right shoulder pans out. Based on the neckline could see a potential for 20% boost.
Far from complete, so really this is just guess work, but we maybe forming a nice little bowl for ripple. Worth watching out for as there will be a solid 10% upside if this pans out.
- IOTBTC is and has been in a downtrend, but even when we're doing down we can make moves up. Also notice the H&S aka a bearish Head and Shoulders forming. IF right shoulder forms and we don't break 0.000171 then we go down to 0.0001282. IF we break up we hit up 0.0001825. - MACD is crossing on the Hourly. Predictions: - We break the triangle up. - We hit...
if we get any sideways movement would really help prove if this idea has any legs, but something worth keep an eye on especially if it does start swinging sideways for a bit.
I'm starting to think I can see an inverted head and shoulders on any chart I look at. Here's one one the 4H TF. Confirmation of a breakout happens at 138.
While we patiently follow BTC's movements, looks like we may be in the process of forming the right shoulder in an inverse H&S.
What goes up comes down, and then what goes down may or may not bounce back. After an epic climb yesterday, XRP seemingly back down to earth to catch its breath after a 24% drop. Knowing nothing but trying to pick this up as I go and trying to make some pocket change while I'm at it, looks like we may have the second leg of XRP's climb. - Signs are still weaker...
Q: if this isn't the bottom then where is it? I'm going to hazard the long term trend reversal bottom for this current trend going to be around: $53. Intersection between Fibonacci and bottom of our current channel. About a 73% re-tracement. Average crypto re-tracements from ATH is 80%. With Bitcoin being expected to retest the 6000 range there's no...
After giving the bears a thrashing, the bulls are still at it, with an ascending triangle on the 15 and 30 min charts. Not sure, how much energy they have left, but guess we'll find out. Full disclosure I got no idea what I'm doing so trade with care, and let me know if I'm way off base here.
In an epic showdown between bulls and bears has some fatigued bulls last night. If the bears are gonna strike, it maybe soon. Descending Triangle formation. MacD trending down on 15, 30 and hourly. Stochastic RSI oversold on the 3h, 4h and daily. Going to be interesting to see how this triangle breaks although, I'd have to give the bears the edge on...
First time posting so be forgiving with your critiques, although don't hold them back either. Seeing a 5pt Elliot Wave - 5th wave to happen Bull flag on the field? That said if BTC is showing a bearish slow down based on its RSI then best believe that NEO will be going down with it. But then why bother checking these charts if that's the case? Anyways...