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Massive bullish volume spike signals breakoutSo the bull in bears clothing (the descending wedge cloaked inside the head and shoulders) just let the bulls lose and we have massive volume spike to confirm the breakout above the purple descending wedge. Based on the angle and height of the wedge we have a projected price target ofm 9600....normally I wait for a second 4 hour candle to close before confirming a wedge breakout but because we have such a huge volume spike alreay and already an apparent good news story from the g20 about them not being a risk, I think it's safe to go ahead and assume this one is a confirmed bullish breakout above the descending wedge pattern....here is the story from the g20: www.express.co.uk while we can definitely reach 9600, be on the lookout for further news releases on the g20 throughout tomorrow to give you signals on whether or not any FUD will be projected to cause any dips but I have a feeling the overall sentiment is going to be good a bullish for the market....this is only my personal opinion and of course not financial advice. In the same way that the inverted head and shoulders tried to pull a fake out...so too has the regular head and shoulders.
BITFINEX:BTCUSDLong
by DrDovetail
The dread and shoulders has a big descending wedge within itOne potential upside to mention is that the "dread and shoulders" pattern has within it a very sizeable descending wedge which basically consists of both the head and the right shoulder....descending wedges tend to break towards the upside....so if we see a bullish breakout with lots of bull momentum to go with it and a bullish volume spike and then a double close above the descending wedge on the 4 hour chart then that would be a great scenario causing me to switch from neutral where I'm currently at to long. We just saw a huge bullish spike from 7500 to 8000 which is a great sign that we will be breaking out of the descending wedge instead of breaking down under the head and shoulders...but keep in mind this too could be a fake breakout so tread lightly and wait for those confirmation candles and bullish spikes in volume before assuming we have a valid descending wedge breakout. Great analysts like Haejin Lee have been noticing a descending wedge which is a fractal of a previous larger descending wedge and at least right now it's currently looking like that is correct. Always anticipate a false breakout and set your stop losses accordingly though to protect yourself.
BITFINEX:BTCUSD
by DrDovetail
Bears About to Drag Bulls Down in the Mud: Next Stop: 7,200 USDDear Friends! Please forgive me. This will be a very short update - D4rkEnergY will not let you down, so I will make an update. But I got the flu, so... Yea, let's jump in. We are once again taking a look at the 4h BTCUSD Chart. As I told you yesterday, it would be very hard to break out and go into a reversal. Lucky, lucky me, I was right - In the previous chart I also told you about a potential HS Pattern coming up, and that is exactly what we are facing at this very moment. Everything is pointing in the direction, that we still will go lower, and probably have another bounce at around 7,500ish. Thereafter we will go to 7,2xx USD (which is equal to 78,6 fib retrace). And THAT will be exciting - we here will have a real chance to go into a real reversal, and back in an uptrend.... I'll keep you updated! D4 loves you <3 Sorry for the short update, guys. I will soon come back even stronger - please give a LIKE - Thank you, my friends :)
BITFINEX:BTCUSD
by D4rkEnergY
87
Will Bitcoin Break Out Now? And Something about TA in General!Hello my dear Friends <3 D4rkEnergY is back with another exciting update on Bitcoin. We are at this very moment witnessing a break out attempt - Will the bulls succeed? Let's take a closer look at the 4h BTCUSD Chart. In yesterdays chart I told you about a scenario, where the bulls had a last chance to go into a reversal. And that is exactly what we are witnessing at this moment - I drew the ascending triangle (in green) for you, and as you can see, they managed in the end to escape. We are right now fighting with the down channel line (black) and the the downtrend resistance line (dotted black line). I also told you, that if the bulls managed to get this far, I still don't think they will succeed in the attack (that doesn't mean it will not happen - Ill come back to that later). The reason for that is: - The 2 resistance lines I told you about before - 8,5xx USD (red dotted line) huge resistance too - Overall lack of trust in the market at the moment As you can see we are in a triangle descending wedge'ish pattern - black dotted lines - and I think, it's more plausible, everything taking into consideration - that we will follow this path down to around 7,2xx USD (yellow line, 78,6 % fib), where we will try another bounce back into a reversal. IMPORTANT ABOUT TRADING AND TA IN GENERAL I will say some last words before I wrap up. I can see in the comments, that some people out there, think whenever I make a post and a prediction, that this also means, that I will trade it and go ALL IN with ALL my money on the most likely scenario. Let me make it very clear. No trader is right all the time - me neither. Peter Brandt, a famous well-known trader and TA-Author, says in his books that the best traders usually only are right 20 % of the time. But THAT IS enough to win in the long run if you know how to manage your money the right way. My mission here is to give you some ideas, how the market will go, and I try based on historical data and different tools to give you the most plausible scenarios. If you want to become a good trader you first need to have a good bankroll management. And you should consider carefully when to enter a trade. Sometimes it's just better to be patient. And last but not least we also want confirmation on our ideas before we make a trade. Thank you so much guys for your love and support! D4 loves you <3 Remember to give me a BIG LIKE - It really means a lot to me. Thx in advance <3
BITFINEX:BTCUSD
by D4rkEnergY
84
BTC is back inside the green descending channel.After 6 red 1 day volume bars in a row it appears like we will finally have our first green volume bar in awhile...looking back in the past at btcs volume history the longest stretch of consecutive red volume 1 day bars seems to be 6 so odds are quite good that today's volume bar and candle will both close green. We can see that the old top trendline of the descending channel (in green) is acting as resistance again. It currently sits at around 9300 and gets lower with every day that passes but I think we will find away to get back above it by the 15th of march or so. Believe it or not the inverted head and shoulder pattern is still in play though I have no confidence in it actually being validated anymore....I still keep it as a possibility though until it is fully invalidated. right now the best ebt is to remain neutral...and only buy in modest amounts under 9000 but don't risk any of your current position.
BITFINEX:BTCUSD
by DrDovetail
BITCOIN Through 9,500 USD NOW - Or Down in The Darkness Again!Dear Crypto-Family! This is indeed INTENSE! You cannot miss out on this. We are at this very moment witnessing a deadly war between the bulls and the bears. A blood bath. No mercy here. Let's dig in and take a closer look at, what is really happening, and why it's so important to go above 9,500 USD NOW! We are taking a look at the 2H BTCUSD Chart! D4rkEnergY has described for you before how we the last couple of days has been caught in a descending triangle. We have been going back and forward, and as D4 predicted a HS pattern has begun to take form. Yesterday the door to freedom was slammed in our face, and we fell down. D4rkEnergY gave you a signal in the previous chart, that we would go up again via a bull flag. AND we INDEED did. We have RIGHT NOW managed to penetrate the downtrend resistance line, and have an opportunity to finally break out from the dark and evil dungeon and see the light again. BUT we need to go through 9,500 USD! And we need to do it quickly. We need to make 3 higher highs, if we don't, we will go back again and will fall back in the descending triangle and also even lower due to the HS Pattern. We will then go down under 8,000 USD. We have had a bullish MACD-Cross and we have increasing volume, which are bullish signs. The big question is, if we have enough bulls to follow up on the attack we are witnessing right now! As I mentioned before, we still have a lot of FUD in the air, after Mt. Gox sold thousands of BTC, the trading bot-hacks on Binance and the regulations in China. If we take all these things into consideration, D4 believes, that we most likely not will see the light at this moment. D4rkEnergY will say it's a 80-20 scenario for the Darkness to win! But let's follow this closely - it will indeed be super exciting! D4 loves you <3 Remember to give a BIG LIKE and FOLLOW for more updates. Thank you SO much my friends. Everything for you <3
BITFINEX:BTCUSD
by D4rkEnergY
153
QUICK UPDATE: D4s Take on Verge- You Might Soon Want To Buy XVG!Hello Friends! D4rkEnergYs followers on Twitter has requested his take on Verge! And you guys know how it works. D4rkEnergY is here for you guys. D4 is here to serve you. He is here to make you happy, and to spread love and wisdom! <3 Let's jump right into it! We are here taking a look at the 1D XVGBTC Chart! You can see, we had our Elliott Waves 1-5 back in December, when we had the golden month of cryptos. Hereafter we have had a steady downward movement with a Fibonacci retracement on more than 80 % March the 7th ( green arrow). We are in a serious downtrend with the EMA50 and EMA100 way over us. We are currently in a descending wedge , and are at this very moment trying to penetrate the resistance line. I want to you to take notice of the red circles. Verge tends to make a spike after a big fall or after a period of less volatility and declining volume . D4 has also compared this chart to the BTCUSD Chart, and have come to the conclusion, that Verge makes these spikes if BTC either goes sideways or up. So here is D4s advice for you guys: 1. Be patient. Wait and see if Verge manage to break out with good volume . Wait for the bullish MACD-cross, and you can enter a long position. You can probably make a 10-15 % on this trade. Remember to monitor the BTCUSD chart. If BTC starts to crash, you want to get out. 2. If you don't daytrade, and just want to invest in Verge and want to HODL, the green box might be a good buy zone for you. D4 has determined this based on earlier price action. We expect BTC soon to go lower, and therefore Verge will do the same. D4 loves you <3 Please give a BIG LIKE and follow for more - It's really appreciated <3
X
by D4rkEnergY
26
NEO, NEO, NEO! Let D4rkEnergY show you how to make 10 % profit!Dear Friends D4 is back with a cute, little signal for you guys. Let us jump right in. We are here taking a look at the 4h NEOUSD Chart! As you can see, NEO has not really fared well lately. After it's Elliott Wave Cycle 1-5, it had a 78,6 % Retracement, which is a lot. At this moment we are just above the 50 % retrace. A descending wedge has formed, which is a bullish sign. It basically means, that the bears are losing momentum. D4 will encourage you guys to monitor the chart closely. If a candle breaks out of the wedge, with good volume, you can enter a trade. Please pay attention to the MACD. A cross is a bout to happen, and we will probably soon go into an uptrend. The RSI is also starting to point upwards. And we have plenty of space to go to the moon. When we are talking riskreward-ratio you can for instance set it to 10 % win and a 2 % stop loss with the EMA200 as support. Then we only have to be good here 1 out of 5 times in the long run before it's +EV trade. Please give a LIKE and FOLLOW! I would really appreciate it <3 D4 is everywhere D4 predicts everything PS. The trade is NOT open yet. Always wait for confirmation.
BITFINEX:NEOUSDLong
by D4rkEnergY
13
GEO - Descending Triange, Decision soon Geo making another move in my opinion in the next few days. With bitcoin stabilising people will explore cheap altcoins again, Geo has unlimited potential with their use case. Lots of geoinformation based dApps can be created easily on this app --> Example PokemonGO on Blockchain! Now lets take a closer look to the Chart. We see a descending chart pattern which is in my opinion a continuational pattern. We have 2 resistance levels, Geo will be around strong support line a bit and then take a direction. If downtrend line of triangle breaks, we have 2 options, if no volumes comes in it will test the first resistance, if we have increasing volume we will see the last high high be tested. RSI confirms since you see it went low before the last spikes which will be the fact now again. In between it never went down like now. Now is the best time to buy. Low risk, high reward. UPdate tomorrow.
Long
by crypto_heroes1