Heres another coin that has similar short term price action. while the overall pattern is quite different the short term rounded bottom remains the same. Looking for a good pump on this one as well. Could name several others but dont want to spread myself to thin.
very similar to SNT linked below. A LOT of coins are making similar patterns right now. Quite solid bet that the altcoin bear market is over.
Huge pickup in volume showing a perfectly rounded bottom/scallop. This coin has a good 10-15% potential increase short term.
Looks like TLT is forming a round bottom pattern. I will be buying a couple calls with a march 16 expiration. Target 121. Have a nice trade!
BLZ looking bullish again shorterm with btc refusing a head and shoulders and possibly breaking out. Meanwhile, if BLZ is capable of breaking over 8400 level momentum will carry it higher
BITTREX:POWRBTC Here is my new idea. We just broke the 4500 resistance and we started a new up trend. We got a very nice rounded bottom possible cup and handle if the handle forms. The RSI is oversold so we will see some consolidation around 4300 - 4600. The MACD supports an up trend movement. If you want to get into the trade the buy is 4700. I expect a...
BITFINEX:XMRUSD Cup and handle or rounded-bottom? This is the question. It fits the rounded bottom pattern because the middle is exactly 40.5 days on one side and 81 in total. The only issue is that RSI and MACD are already quite overextended with RSI oversold and MACD way over extended. For cup and handle we need to wait for handle to form. Could this still go...
good day :)
There are many interesting formations on this chart. First of all is double bottom where pair reached 0.00100000 in March this year and October 2015. It is clearly visible on weekly chart. We have upside down head and shoulders formation created from doji candles (it’s look better on hourly chart) . Rounded bottom (marked with blue curved line) . Pair is trading...
I marked rounded bottom which was confirmed as the trend reversal formation. This kind of formation is very reliable most of the time. Pair is flirting with psychological level(0.00001000) which is consolidated with GAP from Daily chart. I think it is wise to wait a little bit to see what market will decide. I’m waiting for more confirmations.
Made a helathy profit following this pairs bullish uptrend, but the pair sold off on the 2-Aug, probably due to profit taking at 9.6000. Price has retraced back to the Fib 28% level and formed a perfect rounded bottom on the 1hr chart. I actually spotted this trade at 9.4855 but decided to wait for confirmation that price had broken the Daily 8EMA resistance....
Made a helathy profit following this pairs bullish uptrend, but the pair sold off on the 2-Aug, probably due to profit taking at 9.6000. Price has retraced back to the Fib 28% level and formed a perfect rounded bottom on the 1hr chart. I actually spotted this trade at 9.4855 but decided to wait for confirmation that price had broken the Daily 8EMA resistance....
After Wave 1 : Entry 7238 TP1 7380; TP2 7441 Pending Wave 2: Entry : 7300~7330 SL: 50pips PT: 300pip (6R/R, trailing up)
Long term consolidation - rounded bottom. Some choppy price action to follow with an eventual upside.
After months expecting the bottom of at least around $1000, did the bottom came and gone without much of a BANG??? Gold has spotted the most perfect rounding bottom pattern, a long term reversal pattern. In addition it had broken a triangle pattern where it had been moving around since mid 2013 as well as 50 weeks MA (200 days MA on daily chart). Yes, that had...