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1daychart

Kraken DASHUSD chart eyeing goldencross by tomorrow! Target=$220Haven't checked dashusd on other exchanges yet for confluence but on the Kraken exchange it looks ready to blow! *not financial advice* . We see here a symmetrical triangle in an uptrend attached to a flag pole= bullish pennant. If it reaches the pennants breakout target we are looking at a target of around 200-220, if it only reaches the triangles target it will be considerably lower but with the inevitable impending golden cross I anticipate it will reach the full breakout target.
KRAKEN:DASHUSDLong
by DrDovetail
the dust has settled & only the 1 day bullflag remainsof the several potential patterns we've been watching over the past couple weeks, one by one has slkowly been eliminated from contention (most recently the adam and eve double bottom) and now we are left with only the standard 1 day bull flag. We just managed to confirm support on the 1 day 200ma after wicking below it which is clutch because flipping the 200ma back to solidified support at this point would likely mean the bull market will be put on hold indefinitely and we will swing back into a bear market so keeping support on the 200ma is key to saving the current bull market and having the current deathcross end up as a fakeout. If we do breakout the target for the bull flag breakout is the 11.6-11.7k area. I will leave this idea neutral and will await breakout or breakdown confirmation before I choose a side.
BITFINEX:BTCUSD
by DrDovetail
3
Why I still believe the Total2 chart h&s will be a fakeoutLook at the measured move drop target for the total2 1day chart head and shoulders pattern....no way is the entire alt market going down anywhere close to that far...that would involve all alt coins even top ones like ethereum, xrp, ltc, and bch going below zero. Of course h&s don have to hit 100% of their measured move target especially during a bull market but I think odds sill favor a fakeout...neutral for now though as we may see some more downside first.
CRYPTOCAP:TOTAL2
by DrDovetail
1
BTCUSD 1D - Expected Bear Trap/Pinbar into 1D 200EMA/Monthly S1COINBASE:BTCUSD Price on the 1D chart is now just below 20EMA and 55EMA, also at the top of the triangle and mid-point of the channel, this suggests a move lower. Expecting a pinbar or bear trap into the zone that is between the monthly S1, the 200EMA and the lower part of the channel between 9000 and 8700. This would then be followed to move to the upside. Not playing this move, waiting for the pattern to play out and direction to be confirmed on the 1 day chart, will then look for the next setup.
COINBASE:BTCUSD
by Maverick45
The 1 day bullpennant has once again become the dominant patternWe can see now after a very weak "breakout" from the 4hr chart falling wedge that it is the 1 day chart bull pennant that is still very much the dominant chart pattern at the moment. The good news about that is the breakout target should be much much higher than the falling wedge's target would have been. The bad news is the pennant is a descending triangle which has a slight chance of being a reversal pattern. We can also see the 4hr 50 and 200mas are at risk of deathcrossing in the near future if we don't see a bullish breakout from the pennant in the next few days. This is a 1 day chart but I placed the trajectory of those 2 4hr MAs on here with a dotted orange and dotted blue line so you could still see it on the 1 day chart. My bias is still leaning bullish here but because of the potential impending deathcross I'm gonna leave this idea neutral. Hopefully the pennant will break up before wednesday and we won't have t worry about a deathcross on the 4hr.
COINBASE:BTCUSD
by DrDovetail
1day symmetrical bull pennant? Or possibly an invered h&s.green horizontal still maintaining great support. the 1 day 50ma(in orange) continues to grow more and more parallel with the ascending red neckline double reinforcing boths levels of support: price action could continue to grind slowly up the red ascending line and form an symmetrical bull pennant it should ultimately pick a direction by the time it reaches the green descending top trendline of the larger 3 day symmetrical triangle though. Still a chance for it to be an inv h&s pattern here as well...2 different inv h&s are currently in play(shown here in yellow and pink). It's possible for the current pattern to be a combo of both a bull pennant and an inv h&s or 1 or the other.
COINBASE:BTCUSD
by DrDovetail
3daychart H&S pattern fakeout confirmed; must overcome 1day 50maVery positive sign here as we not only were able to crawl back inside the green symmetrical triangle pattern and prove the breakdown of that pattern to be a fakeout we also have managed to do the same with the big red ascending head and shoulders pattern before today's 1 day candle close; essentially confirming it's breakdown to have been a fakeout as well...patterns as massive as these 2 were can fake a lot of people out by closing multiple 1day candles below the trendlines...usually if you see this with no bearish momentum surge to go with it (and in this case bullish divergence was showing),then a fakeout is likely. In this case, it took about 6 1day candles from the time price action broke under the ascending red neckline of the h&s pattern to the time it climbed back above and confirmed the fakeout. The reason it was able to stay below the neckline so long without triggering the breakout is because the H&S pattern is actually most valid as a 3 day chart pattern instead of a 1 day chart pattern. The same appears to be true about the green symmetrical triangle pattern as well. Anyways currently we have just closed another 1 day candle just under the 1 day 50ma but more importantly above the ascending red neckline of the 3day head and shoulders pattern...We retested that neckline a few times before the close as well and was good to see it respond as solid support. As long as the red ascending trendline can maintain that support we should see price action flip the 1 day 50ma back to support as well. We also currently have a potential inverted h&s pattern that could be playing out here as well..if so we may see a slight pullback once we test the thin horizontal yellow line in order to complete a right shoulder...that is currently speculative but something to keep in mind.
COINBASE:BTCUSDLong
by DrDovetail
2
The current 1 day chessboardShorterm looking pretty bearish in the near future we should resume bullishness however save for any unanticipated fakeouts. The biggest potential bear threat is the head and shoulders on this chart...were it to somehow actually trigger the measured move would be 5k....probability favors any "breakdown" of the h&s to be a fakeout so if price action dips under the neckline its important I uphold the utmost patience with it until confirmation of a breakdown is undeniable. I think it's ultimately a battle between the green symmetrical triangle and the red H&S. At this time I think I can say probability favors the bullish symmetrical triangle breakout over the head and shoulder breakdown. But fakeouts always have a chance if too many people think a pattern is gonna break a certain way we all know whales like to make the market do the opposite so I remain bearish shortterm and bullish medium /long term but am prepared to act should a fakeout present itself. The other patterns here that are still technically in play are the bear flags obviously but also the double top and the adam and eve double bottom. Neither have been invalidated yet surprisingly.
COINBASE:BTCUSD
by DrDovetail
1 day symmetrical triangle looking more and more validAfter the recent bounce up from the bottom trendline of the green 1 day symmetrical triangle pattern we can now see that that pattern's probability has increased significantly. At the same time we also have a giant 1 day ascending H&S in play at the moment (its neckline indicated by the red ascending trendliine) I think this will probably be a fakeout as if it were to trigger that projected breakdown target of that H&S pattern would be 5,000. I don't see us diving as low as 5k unless of course our current bull market is already over and the elliot wave theorists are correct. Much smaller probability that that is the case but still worth considering. So I will be keeping a close eye on price action to ensure we don't close 3 or more consecutive 1 day candles below that ascending red trendline. If my assumption is correct and it is indeed a fakeout then I anticipate we could break up bullishly from the symmetrical triangle right around the area where the red ascending trendline converges with the green top trendline of the triangle. On our journey there however we could see candle wicks that reach down as low as 8k and maybe even 7.2k but ultimately as long as we dont close 3 or more consecutive 1 day candles below the ascending red H&S neckline we should break up bullishly from the triangle. For now because the H&S is still in play I must leave this idea neutral even though my bias is currently leaning more bullish.
COINBASE:BTCUSDLong
by DrDovetail
XRPUSD Impending Death Cross. What to expect:We can see here on h 1 day chart that the 1 day deathcross is imminent and will likely occur tomorrow or the day after at the latest. While at this point it does look like the initial cross will happen, My gut feeling based on fundamental developments and adoption in xrp, is that even if this initial cross does occur it will be short lived and proven a deathcross fakeout which will be reversed shortly there after back into a golden cross. Let's recall hat the beginning of the 2015 bull market for bitcoin began in a similar fashion where we got the 1st shortlived golden cross that then briefly went back into a deathcross before having it's real sustainable golden cross shortly later. I anticipate thee same kind of behavior this time around for xrp...however initially once this fake deathcross occurs price action could follow with it and we could see our current bearish descending triangle trigger a final capitulation breakdown and that triangle has a measured move down exactly to our super strong bottom support at 24.5 cents which is a good confluence point to skyrocket right back up at...however if the next breakdown that occurs is treating the current pattern more as a bearish pennant than a descending triangle then we could see a capitulation candle reach as low as 19-20 cents before the skyrocket back up. Lastly we could instead of a breakdown see an inverted bart pattern play out here in which case if it has a bullish enough impulse it's still possible we may avoid a deathcross altogether and instead see both moving averages bounce up off eachother. For something like that to occur at this point would require a green candle and bullish volume bar much larger than any we have seen for a long long time. All these things considered I think my wisest move here is going to be just wait for the break and if we dip down buy the dip at 28, 24.5, and again at 19-20 cens if we manage to make it that low. If worst case scenario price were to go under 16 cents at that point I may have to consider that the deathcross may not be a fakeout after all but that seems highly highly unlikely and low probability.
BITFINEX:XRPUSD
by DrDovetail
1