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Are rabbits the new dogs ? LTRBT/USDThis has had a good week, and this being the year of the rabbit its got good meme potential right now. i think its possible we get some kind of cup and handle pattern forming at the previous high and then a big move up, its been around a while , i think it started out as spunk bunny or something and pumped on an Elon Musk tweet, since then theres been a migration and this is the first decent move its made since then, worth keeping an eye on and maybe try to snag a small bag if it makes a cup handle . really you'd want to see the handle stay in the top third of the cup
LLong
by Spocks-Beard
2
POLKA DOT MASSIVE HEAD AND SHOULDER !!CRYPTOCAP:DOT after getting rejection from 10B marketcap polka dot seems to be forming an Head and shoulder pattern on 12 hour timeframe could be seen on other lower timeframe as well. the point I am trying to make here is next month is September. which is not really good for for crypto statistically speaking. (though anything could happen) I am looking to buy polka dot under $6 which is really great opportunity for long run. we could see polka dot close to $3-$4 in lowest time of the market. which is still a healthy correction for next run. we are not going to make new All time high up until next year I think. i am now waiting for neckline to break and i will put a massive $1 MILLION worth of trade :) Happy trading
CRYPTOCAP:DOT
by Bitsleader
PROSBUSD - Double bottom pattern?What is Double Bottom Pattern? The double bottom pattern looks like the letter "W". It indicates an trend and momentum reversal in a particular asset. It is best for analyzing the intermediate to longer-term view of a market. Double Bottom Pattern one of the most reliable reversal pattern after Head and Shoulders Pattern. How does Double Bottom Pattern Work? Double Bottom Pattern works in two phases: Phase 1: When the major trend is downtrend and forms the first down peak, then from the support the prices bounce to a new higher resistance and unable to break that resistance. Phase 2: When prices are not able to break the resistance it again goes to the same level and take support form similar levels forming second down peak also double bottom . Again due to demand the prices rises up to the resistance and break that resistance. Increase in volumes during breakouts further confirms the reversal move. This marks the completion of the pattern. Above Chart Explanation: This is the daily chart of PROSBUSD here we can see in a downtrend prices take support and forms a down peak one and took support form there and bounce back to the above resistance. But prices were not able to break it instead prices got rejection from resistance and the prices again go down forming second down peak. This is where we are NOW . What next? Well, after taking support the prices should bounce and break resistance. There usually traders enter on the breakouts and target the next resistance.
PLong
by fortitude23
A Dogecoin Bullflag Sits Above A Very Historic Monthly RangeFrom the looks of things the Dogecoin to BTC pair, maybe attempting a Break-Hook-and-Go off the All-Time Historic Range that it traded within and could be setting up for a Bull Flag Breakout that would take it to the 2.272 Fibonacci Extension. We can also see that the MACD is showing us some Hidden Bullish Divergence and is Crossing on the Monthly which has historically led to massive moves up within the range. Now that DOGE/BTC trades above the Range we could perhaps expect the Biggest Move Yet!
Long
by RizeSenpai
1
BTC "FINAL HOPE" on Nov 2ndFED FOMC Decision on Nov 2nd weighs heavy upon all markets, including crypto market. While other markets have shown high volatility in accordance with any macro related news, crypto market surprisingly moves in a calm manner despite being known for its infamous volatility, which actually scares me the most. Why? Because it means that any major macro news will release the spring that's been holding crypto market, especially Bitcoin, and will launch it with ultra volatility that can be either up or down. Knowing which movement will take place before the price action actually happens on Nov 2nd gives you total advantage on that very specific ultra volatile price action. So let's break down all the data that we can use to help us determine which direction will occur: TECHNICAL ANALYSIS - Heikin-Ashi Candles show that we are still in a strong downtrend, you can see it clearly especially on higher time frames (weekly, monthly) - Ichimoku Cloud is still above the price, with a huge red cloud along with other strong resistances that we've seen rejecting the price for weeks - A huge red Ichimoku Cloud is still being projected ahead, and no sign of turning green anytime soon - Conversion Line (yellow) is below the Base Line (blue), crossing it down - Lagging Span (purple) is still below the cloud, which crossed down back on April (and hasn't yet crossed up), which indicates we're still in a strong downtrend since then - 50 EMA (yellow dots) is still above the price, and far below 200 EMA (blue dots) which is still waaay up there, untouchable - A Bearish Descending Triangle from Sept 13th local top (in blue) which has rejected the price and acts as a strong resistance - A Strong Support Zone between $17.500 - $18.500, along with the base line of the Descending Triangle, which has proven to be a strong support area FUNDAMENTAL ANALYSIS - Macroeconomic conditions is getting worse and worse, no sign of getting better anytime soon, including wars - All those bad things combined with actual data, give no reason for the FED to stop their hawkish stance anytime soon, in fact these give them all the reason to keep getting it tighter and tighter, I really doubt FED will pivot even if the UN and all countries in the world urge them to do so, at least not on Nov 2nd - USD is skyrocketing - Previous similar bullish patterns might not work, considering the macros atm (if previous similar patterns indicate a capitulation, then it will most likely be the same this time around, unless something good miraculously happens) CONCLUSION - Overall I'm still super bearish at the time of this writing - I won't even consider a trend reversal from bear to bull market, let alone saying that this bear market has bottomed, unless the price crosses above the ichimoku cloud, closes there, and maintains the position there ($21K-$22K range), or even shows some strong bullish momentums. I still prefer a breakout and close above $32K though. !!! HOWEVER, CHANCES ARE, THESE ARE BULL TRAPS. BE CAREFUL NOT TO BE SUPER BULLISH IN A BEARISH MACRO !!! - If this time price breaks $17.5K-$18.5K strong support zone in a single move, high chance it will be a disastrous cascade down (imagine all the SLs there) - A break and close below the previous $17.6K low, and macro pressure, will signal a prolonged downtrend (it can be a fake, a bear trap, but only for a short time) - If a big capitulation does occur, and BTC creates a lower low, I really can't say if the true bottom is there unless FED pivots and macro conditions are getting better, BUT there will be a quick recovery movement upwards (usually until the previously broken strong support), and then ranging again until the next major events - A bear market doesn't mean the price can't go up big time - Coin inflow/outflow from exchanges, volume, DOMs, etc might be the work of manipulators, ride the trend, stay with macros, and don't fight the FED - Next BTC halving might indicate bottom and the start of the next bull run, we'll need to see how our macros doing then DISCLAIMER This is an article, not a financial advice Do your own research, spend your money wisely Your money is your own responsibility, so is your action
by OTWhale
4