Ascending Triangle for BUZZ?It appears as though BUZZ is trading in a micro bullish flag outlined in light green inside of a Macro Ascending Triangle in dark blue.
On the RSI it's possible we've seen a double top and an H&S may be on the verge of forming; if so the bullish flag will be negated thus resulting in a descending triangle. If that happens the blue upward sloping support of the Ascending Triangle needs to hold to see a bullish longer term outcome.
On the KST there's been a bullish cross where I have the blue downward pointing finger.
Bullishcross
Bull Flag breakout for HIVE!!Hive has consolidated into a bullish flag over the past several weeks and is currently breaking the downward sloping resistance of the pattern to the upside.
On the KST there's a noticeable bullish cross.
On the RSI we're seeing higher highs and higher lows forming an Ascending Triangle.
There's merit for an Inverted H&S as well, see the chart below attached.
OXT Bullish Setup This coin makes big & fast bullish moves.
It's been lagging relative to the rest of market.
I see a short term opportunity here.
Potential to retest August highs.
Not Financial Advice.
XRP Monster Move Inbound Haters Gonna Hate Bullish cross on Mac D daily chart will cause a strong reaction, especially in the current market climate.
However, XRP remains a tricky situation as dark days still lie ahead Jan 19th
US exchanges will be suspending trading until further notice with market leader Coinbase pausing XRP trading the 19th.
The loss of volume from US market will be noticed and widely talked about.
The decrease in volume added with fear in the market (XRP specific) could trigger a sell off.
It will be a great time to flex your hate for XRP.
BUT
Before that we are due for a big impulse and the daily chart has been setting up nicely.
Its ready to pop.
OCC is opening up legislation so the banking world can use blockchain to handle settlement.
The real question is...
You think they're going to settle with Bitcoin?
Falling wedge pattern for Bitcoin?Bitcoin appears to be forming a falling wedge pattern..
On the KST it's clearly oversold and there's been a noticeable bullish cross where I've placed the blue downward pointing finger.
Notice the RSI is continuously getting rejected at the blue sloping resistance of a rather Macro descending triangle, there have been multiple deviations but for the most part, the RSI has stayed inside of the pattern.
I have drawn a possible green hypothetical price action scenario in the near term, if the dark blue line at $27,550ish USD than we may form an H&S pattern and eventually confirm a blow-off top.
Only time will tell, it's hard to find a bearish talking point for Bitcoin in this economic envoirment.
Bullish Pennant or an Ascending Triangle for Bitcoin?It appears as though the consolidation at ATH's is forming a Bullish Pennant, or, potentially an Ascending Triangle.
I am leaning towards an Ascending Triangle because the horizontal blue resistance has rejected BTC numerous times during this consolidation period, but the price keeps testing that resistance, and the more a trend-line is tested the more likely the price is going to break in that direction, whether that's to the upside or downside, it works both ways from my experience!
We could be seeing a rather large bear flag after a blow-off top, the RSI is trading in a multi-month descending triangle displaying lower high after lower high, meanwhile, the price has increased with several deviations on the RSI regarding lower highs.
KST is showing a bullish cross where I have the blue finger, you will need to zoom in for better visualization.
Possibly a rising wedge for GLXY?Regardless of the type (reversal or continuation), rising wedges are typically bearish patterns, even if only temporarily.
Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level.
Ideally, the volume will decline as the price rises & the wedge evolves, however, the volume has seen an increase & currently GLXY is breaking the blue sloping resistance of the wedge pattern to the upside! That's the Bitcoin effect lol?
On the KST there may be a bullish cross about to happen in the near term, a few more trading days will provide a better indication of which way the trend is heading.
The RSI is displaying higher lows & higher highs since early December.
The DPO is at an all-time high currently, if there's any pullback it would be ideal if the blue line held as support before continuing upward, and if not it'll likely act as resistance & the trend may be reversing, only time will tell.
Ascending Triangle or Bullish Flag for TLRY?Tilray appears to be trading in an Ascending Triangle pattern, notice the green upward sloping line has acted as support multiple times, fairly bullish considering the now known merger with Aphria.
The blue pattern on the chart is forming a bullish flag or potentially a descending triangle.
On the KST there has been a bullish cross where I have placed the blue downward pointing finger.
The DPO & RSI both seem to have similar appearances, maybe a head and shoulders pattern will form, the next few weeks will give a better indication.
I have drawn a hypothetical red line to show how the H&S may occur on the RSI.
Bearish Divergence for Bitcoin?In one of my previous charts, I was hinting at the potential of an Ascending Triangle forming, once again the green upward sloping support of the pattern has acted as support several times, and on the contrary, the horizontal resistance has rejected the bulls multiple times.
Notice on the RSI the blue downward sloping resistance has caused lower highs to form, meanwhile, the price of Bitcoin is trending sideways and downward, we could see another re-test of the green upward sloping support before a breakout to the upside.
On the KST there is a noticeable bullish cross.
The DPO is in an area where BTC has seen rejection numerous times over the previous several months, the red line has basically called micro tops fairly accurately, however, the sell-offs are moderately short-lived.
Another Bullish Flag for TNY?TNY appears to be trading in a Macro Bullish Flag, or, potentially a descending triangle.
I have a hard time believing this pattern plays out bearishly due to the 12 co-packing clients yet to be announced to the public market, some of these co-packers will put Tinley on the Map, according to the CEO in an interview in April 2019.
The KST is displaying a bullish cross where I have the blue finger pointing downward.
On the RSI there is a noticeable ascending triangle forming.
Giant Bullish Flag for OSTK?On the KST there's a noticeable bullish cross where I have placed the blue finger.
On the RSI there has been a higher high for the first time since the blow-off top in the middle of August, rather bullish in my opinion.
Giant Ascending Triangle for Pepsi?Pepsi appears to be trading in an ascending triangle drawn in blue, but additionally, there's a noticeable inverted H&S, the blue head icon represents the head, and the two dark green lines are the shoulders.
I have placed a blue finger on the KST to represent a bullish cross.
On the RSI there appears to be a descending channel & potentially a triple bottom where I have placed the three blue fingers.
Ascending Triangle breakout for GLXY?GLXY appears to have broken flush to the upside out of an Ascending Triangle, if there's a retracement in the near future it would be ideal if the horizontal blue line of the pattern turns into support.
On the KST there's a noticeable bullish cross.
Higher highs & higher lows on the RSI.
GLXY is outperforming Bitcoin on a 1-year time frame by over 300%, but notice the close correlation on this chart between BTC & GLXY, BTC is the yellow line.
Ascending Triangle for Gold?On the KST there is a similar Ascending Triangle and a noticeable bullish cross where I have the blue finger icon pointing upward.
I have placed three green finger icons on the regular chart & KST that could be an indication of a triple bottom.
In my previous gold post linked to this chart I mentioned how Gold was trading in a bullish flag or descending triangle, gold has broken flush to the upside of that pattern, potentially indicating a bottoming & the next leg up of the bull market will continue.
Always the possibility of this being a giant bear flag, we'll have to see how the trend continues, however, gold bull markets historically last approximately 10-14 years over the previous century.
Last week, Russia's second-largest bank announced a plan to start the first Russian ETF backed by physical gold.
VTB Bank PJSC, Russia’s second-biggest lender, is betting on gold and other precious metals to boost profits this year as investors flock to havens amid the global pandemic.
The bank is prioritizing physical gold trading, as well as lending to mining companies and deals with their shares, because they are one of the few sectors to benefit from Covid-19, First Deputy Chairman Yuri Soloviev said in an interview.
Tradingview doesn't allow us to post external links, however, a quick google search will show you what I am referencing above in regards to Russia.
ORSU Metals is a Russian Gold Mining company that recently completed positive bulk sampling, keep an eye on them, OSU on the tsxv.
Bullish Flag or Descending Channel? OSU is trading in a bullish flag outlined in blue, and the red downward sloping line is potentially forming a descending channel.
On the RSI there is a similar bullish flag or descending triangle as to the price.
The KST is in an area where we have seen previous bullish crosses, see blue finger icon for examples.
The chart doesn't lie, Bullish Flag breakout for JPM? JPM is noticeably breaking the downward blue sloping resistance of a possible bullish flag, notice on the RSI we have already seen a breakout of the pattern and a re-test of old resistance turning into new support, very bullish.
Not a big fan of JP Morgan, only for bashing Bitcoin, other than that, they have the FED in their back pocket, DON'T FIGHT THE FED, FFS!
Or, did the FED bypass banks with a digital USD?
Time will tell, but the chart is bullish, stonks only go up!
Falling Wedge breakout on the RSI for TNYBF.TNYBF has broken flush out of a falling wedge to the upside on the RSI, when a stocks price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move, hopefully, that's what has occurred in this situation.
Tinley's breaking the downward sloping resistance of a bullish flag on the price action outlined in dark blue, only modestly at the time being, it would be ideal to see a flush breakout and a re-test of the downward blue sloping resistance, turning old resistance into new support. If we see a rejection in the upcoming trading days, the baseline of support of the pattern will need to hold to prevent this from playing out bearishly as a descending triangle, like I have hypothetically drawn in green on the price action.
Very noticeable bullish cross on the KST, this is exactly what you want to see in a bull market, it's normally bullish, for now. See previous blue finger icons as previous examples.
Maybe we see a H&S type of pattern on the KST, that's if there's continued upside from here, I have drawn a green line to make a hypothetical example.
Always the possibility of a blue sky breakout, depending on Macro developments over the upcoming months.
Ascending Triangle breakout for BTC!Bitcoin has broken flush out of an ascending triangle to the upside.
On the RSI there's a noticeable breakout of what appeared to be a giant multi month descending triangle, turns out it was a bullish flag, we've already seen a back-test of what was the downward sloping resistance, and it has acted as support for the time being.
On the KST we can see a similar ascending triangle as in the price action, and a noticeable bullish cross breaking BTC out of the pattern to the upside.
I'm expecting some resistance before a blue sky breakout, maybe a re-test of the horizontal top of the ascending triangle, it would be ideal if there was any retracement from here that old resistance would turn into new support.
The green line is one possible scenario complementing my above thoughts.
Is TSLA trading in a Ascending Triangle?? The blue pattern in this chart is displaying a noticeable ascending triangle, TSLA has seen bullish support enter the market twice at the blue upward sloping line of the pattern, and on the contrary, the flat horizontal blue line has acted as resistance multiple times forming a Ascending Triangle.
There's a bullish cross on the KST where I've placed the blue finger icon, this essentially means the green line crosses over the red upward indicating buying momentum is outweighing the sell pressure.
In red I have drawn a descending triangle pattern that is noticeably similar to the RSI, it's possible this plays out bearishly, this chart is done on a 3 month log scale.
If you look at a 5 year chart there's a worrisome H&S pattern that looks like it's about to break to the downside, I will link an example.
Descending Triangle or Bullish Flag for Gold?Gold is trading in a noticeable Bullish Flag or Descending Triangle, and the RSI is displaying a similar pattern as well as the KST.
On the KST there's possibly a Triple Bottom and a Bullish cross happening on the third bottom, we'll have a better understanding of the third bottom if it remains a higher low in the upcoming trading days/weeks.
If the KST gets doesn't create a higher high & gets rejected at the blue downward sloping line Gold will start looking worrisome "if" the trend continues as suggested with the green line I've drawn to represent "potential" future price action.
If we see the KST develop like the blue line I've drawn Gold will look much healthier from a bullish perspective.
Bitcoin's brrr runGood morning Traders
On account of brrr machines sustaining market liquidity, here's a macro bullish count. Bitcoin does seem corrective on this rise but could be completing a larger wave 2 before the real fun begins. For now we have a 3-day MA50/100 cross followed by a bullish retest and confluent with hidden bullish divergence on RSI.
Dollar index also not looking too healthy on the HTF. You know what that means for crypto and stonks!
Bullish Flag or Descending Triangle for TRUL?Notice on the KST there's been a bullish cross, I have placed three blue finger icons to represent previous bullish crosses.
The red finger icon on the KST is there to display some weakness in the previous bullish cross, notice how there was no higher high creation on a Macro perspective and the blue downward sloping resistance, if we get a bullish cross on the KST but no higher high and another rejection at the blue downward sloping line, it's possible we see a bearish outcome in relation price action.
I have drawn a green line on the KST to represent the hypothetical scenario I've suggested is possible.
Bullish Flag breakout for PRMW?The KST has seen some very healthy bullish crosses, I've placed three green finger icons to represent each golden cross.
It's always possible we see a fake-out to the upside similar to the fake-outs to the downside where I have placed the two sideways blue icons underneath the baseline support of the pattern.
On the RSI it's possible we see a retest of the downward red sloping resistance of either a descending triangle or bullish flag, if we get a retest and rejected the bottom of the pattern is going to need to hold for the bullish flag to stay in play.
