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Ascending

4hr bearflag teetering on the verge of a bearish breakdown.Not looking good folks..we can see a bearflag that has been forming on the 4hr for awhile is threatening to break bearishly....you can see the projection of that drop would send us all the way under to the grey ascending trendline which bounced us back up from our biggest low of the year and hasn't been encountered for over a month since that time. It has made strong support in the past and I see no reason why it wouldn't this time around too but always consider the worst case scenario possibility of it breaking down under that as well which I think could only occur if the massive head and shoulders that MagicPoopCannon is claiming is actually actually head and shoulders...if so that could send the market as low as $54000 for a brief while.....It's also very possible that a bearish breakdown from this current 4hr bear flag could still send us all the way to the ascending grey trendline and the grey trendline bounce us back upward quick enough that we never get a chance to actually trigger or confirm the head and shoulders....I think one of these 3 outcomes will happen...bust to consider the potential of all three and have a good game plan ready...If we confirm the bearflag breakdown I will likely go short until just above the grey ascending trend line.You do you though, as this is not financial advice.
BITFINEX:BTCUSDShort
by DrDovetail
BTC hits ascending wedge drop target, flirting w/ h&s breakdownBTC has just reached the target price drop of the ascending wedge breakdown shown by the purple dashed line. WWhile it doesn't surprise me it hit this price, it does worry me, because now we are in real danger of breaking below the neckline of this current head and shoulders..we have already sent a wick below it. In order to break it we will need at least 2 closes below the neckline on the 4 hour chart. Even then its not a guarantee that its not a fake breakout but the probability and odds are then at that point greatly in favor of a successful breakout. However 2 closes on the 1 day chart under the head and shoulders neckline will indeed signal a valid head and shoulders pattern. If this happens we may possibly plummet below my grey ascending trendline and possibly dip even lower than februarys low which is a very scary thought. So these next few candles are clutch. I'm still hoping we will eventually find strong support and a huge bounce back up from either the grey ascending trendline or just under it at the same price as februarys low thereby creating a massive double bottom pattern. The latter would probably be preferable, as it would have greater potential to take the price far higher. Anyways be careful out there if you aren't already still short, and you see 2 confirmation candles below the hea and shoulder neckline it may be wise to go short at least until right above the grey ascending trendline or possibly right above it if you are fishing to trigger a limit with a wick. A more adventurous trader may try to put their limit buy back in just above the low of february. As of right now technically the inverted head and shoulders pattern is also still in play because we haven't gone below its head but I have taken it off the chart currewntly as to not muddy up things with overlapping h&s patterns.
BITFINEX:BTCUSDShort
by DrDovetail
4
Intra-day play - ascending triangle!On the hourly we can see that a nice ascending triangle is forming. 1/ We have confirmed 3 touches on the support and multiple flush touches on the horizontal resistance. I anticipate that this will be a small breakout given the overall bearish market. 2/ Given previous price action we could potentially test 8.5k but this will depend on buying power. If you want to play it safe take profit at 8350 or 8450. Give me a like, let me know what you think and give me a follow!
BITFINEX:BTCUSDLong
by jg94
3
Ascending wedge possible hinting at further downside?Lots of short signals here. The first one is that wre now have yet another 1 day candle closing below the 200 MA. The second big one is on the 4 hour chart where a day or 2 ago the 100 SMA did a death cross under the 200 SMA and is currently continue to trend donward from it, leaving us with the 100SMA under the 200SMA and the 50SMA under both of those..all strong sell signals. We also just closed the last 4 hour candle back below the tline which is usually a good sell signal....and finally we have now an ascending wedge which tends to break bearishly downward especially when compounded with all these other sell signals. I think we could very well break downward form the wedge and diop as low as the 00% fib retrace extension level at around 76...to ensure I buy back in before any bounce abck up though I'm not gonna try to catch the bottom and instead have set 7749 as my arbitrary limit buy back in number. Hopefully this time it actually hits that...my previous limit buy order was $100 too low of the last recent dip and I missed out on the profit taking of the recent temporary bull flag.
BITFINEX:BTCUSDShort
by DrDovetail
Here Is A Bitcoin-Scenario You Need To Be Aware Of - Must See!Dear Friends! How do you become a good trader? Do you think you are good at predicting things? D4rkEnergY has said it before, but he will say it again: Good forecasters all share one trait (besides being intelligent): open-mindedness . In everyday life, open-mindedness may be mistaken for having liberal political views, but in psychology it is thought to reflect how well you deal with uncertainty. Crucially, open-minded people tend to be able to see problems from all sides, which seems to help forecasters overcome their preconceptions in the light of new evidence. So what does that mean? You probably remember, when I made this prediction 2 weeks ago? 2 Bitcoin-Scenarios You Need to Know About - The Chosen Ones! 2 weeks has past, and D4s 55 % scenario has so far been spot on. But we now also have more data, and we should always be open for new ideas and new plausible scenarios. And therefore, here is a new one, you should be aware of. It doesn't change that much, but it is important to pay attention to. So let's jump in! We are taking a look at the 2h BTCUSD Chart. Let me just throw it out immediately. D4 is still super bullish on Bitcoin! We are still in an uptrend and the 1D and 4H chart also look bullish. What I have shown in this chart is called a leading diagonal (the ascending wedge). We here assume, we are on the 3rd Elliott Wave. I don't want to go too much into Elliott Wave Theory, it might be too complex. But when we are talking leading diagonals we are allowed, as you can see, to let the 4th subwave go into the 1st subwave price territory. Anyway. So the 1st EW, in this scenario, started from 5,9k and went up to the yellow dot. As we know ascending wedges are bearish, and as you can see, we also fell out from it. At this very moment we are going sideways, and a bear flag has been created. IF the bulls don't manage to push the price higher very soon, the bulls will be exhausted, and we will fall lower. We will probably fall to around 10,7k which is equal to the 38,2 % Fib Retracement level. Hereafter we will go up again and test the inverse HS pattern. And we are back where we started. So here is D4s advice to you guys: Always keep your eyes open for new ideas, and new plausible scenarios. Be open-minded when you trade and also in your life. D4 loves you <3 PS. Please give a BIG LIKE and FOLLOW. I now got more than 700 messages from people who wants to be 1 out of 100. Guys, be patient. D4 will reveal everything on Wednesday, and how to become One of The Chosen Ones.
BITFINEX:BTCUSD
by D4rkEnergY
58
CONFIRMED: RIPPLE will go even lower - 78,6 % retracement level!D4 with an quick update on Ripple. 15min XRPUSD Chart. The bears will probably win one more time! EMA50 as huge resistance, and EMA200 on 5min chart right above our head. Ascending wedge on the pattern and RSI. Bear flag. It seems like it's just a matter of time, before the bulls must give up. It would be a big surprise if the bulls manage to win this battle! OUT D4rkEnergY is everywhere D4rkEnergY predicts everything
BITFINEX:XRPUSDShort
by D4rkEnergY
17
1day chart's 50ema catches bulls & keep them in the rising wedgeSo we had a crazy plummet yesterday. We were long overdue for a retracement and this one was caught by the double reinforced support of both the 50EMA(in blue) and the bottom trendline of what I originally thought was just a channel..after adjusting it to the recent price action I have discovered instead it appears to be a an ascending wedge. The pice has stayed true to this wedge every since the most recent bottom so its definitly a strong source of both resistance and support. Interestingly enough the second inverted head and shoulder target I set up in the 15000s is, as you can see, the exact same price level as where the ascending wedge ends when I drew it until both lines converge...could this be simply coincdence? Who knows but it could be that our secondary head and shoulders breakout target price is valid after all. We shall have to wait and see...the closer we get to it the less the price action is gonna be able to move. It was comforting after we started the new days candle to see the 4hour chart ater a couple red candles throw out a green bullish reversal hammer patern. I'm still cautiously optimistic that with the strength behind this ascending wedge...it can help take us all the way out and break above the descending channel we've been captive of since december.
BITFINEX:BTCUSD
by DrDovetail
ETHUSD Ascending channelDespite the 50 plus day of the current corrective market, ETH has remained resilient with an RSI over 45 and way above the 100-day moving average on the daily charts. ETH is currently in the middle of the ascending channel at about $1106 USD. I am holding my current core positions till it reaches the top or bottom of the channel to determine my next course of action. **NOTES** I am not an experienced trader. I am an investor learning TA. So please, take it easy on me. DO NOT use my published ideas for making decisions. Recommendations are welcomed. Again, I am not an experienced trader.
BITFINEX:ETHUSDLong
by fernx
Ascending triangle forming Within *8 year Symmetrical triangle. 50Dma now tilted up. *>50% Undervalued. DCF Models put fair value @ 7.06-19.88 D/E&DA <.01; *Current Ratio≈36* Ascending triangle forming since November brings opportunities to accumulate at safer prices. This daily formed after bouncing off bottom downtrend boundary. Ascending triangles are bullish in nature as demand line rises towards supply line, but are not reliable upward breaking patterns however they do show that sentiment may be changing and that a reversal may be near. This Ascending triangle is forming within and near the lower boundary of an 8 YEAR symmetrical triangle. MACD crossing above 0 on daily signalling upward momentum.
NASDAQ:GURELong
by Jrussell86
OMISEGO - ASCENDING TRIANGLE - 1/15/18OMISEGO looking to breakout soon, might be longer than hoped though. Chart showing an Ascending Triangle, marking possible bullish movement. If support levels are broken, stop loss is advised. Overall Market is currently a sea of red, holding back any possible tremendous growth. If market begins to pick up again across the board, OMISEGO predicted to go a nice strong bull run. My personal hopes are that NEO holders/short term investors flip into OMISEGO as they have done plenty of times before. OMISEGO is, in my opinion, one of the strongest cryptos for 2018 and has a lot of room for massive growth. A great long term hold.
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by Vermillionz