Get started

Weeklychart

GWO Double Bottom 200SMA GWO has recently passed the 200MA on the weekly chart signalling a strong reversal in the price trend from bearish to bullish. after price showed a double bottom reversal, the price rebounded to break the resistance and cross over the 200SMA indicating a strong bullish trend. Price showed a similar pattern of a double bottom reversal crossing the 200MA in late 2011/early 2012 leading to a strong rally seeing the price increase almost 50% after breaking the resistance. the price target is 45-47.50 (35%)
TSX:GWOLong
by Zacmando
1
XAUUSD Down?For the price action, candlestick analysis people out there, The weekly chart shows a Shooting star/Bearish Pin bar on the Weekly chart and a confirmation of it with the week just passed with a weekly candle close below the low of that Shooting star/pin bar. This is a pretty compelling reason to look for sells at least down to that red zone in my opinion. However, It is in a strong bullish uptrend, so it can really continue upwards. And when trading against trend it is hard to say how far we can go but I'm leaning towards looking for sells if the market can break through the red zone it is in, and the green zone as well. Trade at your own risk, Unfortunately, I am not a professional and this is not professional advice, maybe one day it will be, until then use your own analysis as well. PatiencePays
OANDA:XAUUSDShort
by PatiencePays777
XRPUSD still consolidating in a 1wk bullflag w/a target of .6368I think XRPUSD will continue to consolidate sideways for a week or 2 or 3 finding good support on the weekly 50ma...and once it nears the last 2 remaining potential top trendlines of the 1 month chart's giant descending triangle we've been in for almost 2 years(the dotted yellow line and the pink log chart line), once it nears those w will s it start to gain the momentum necessary to break out of the weekly bull flag and thus the giant descending triangle...hitting the bull flags breakout target of $.63684 cents first and then likely one of the descending triangle breakout targets depending which one is most valid.
BITFINEX:XRPUSDLong
by DrDovetail
1
Ethereum's path to $500 now firmly set in motion after c&h break Ethereum is now confirming a breakout of a weekly chart bullflag that should take it to at least $366 but more impressive is the cup and handle pattern on he 1 day chart it seems to be triggering at the same time which has a potential breakout target of $499. Now it's true cup and handle breakouts often fall slightly short of their projected target, but there's also several instances where price action far exceeds the projected target as well. Whatever happens I'm definitely long. I feel even if it corrects before $500 it will get there sooner rather than later.
BITSTAMP:ETHUSDLong
by DrDovetail
Simple candlestick analysis on the btcusd weekly chartSimply put, our weekly candle just closed as a bullish engulfing candle...that means that it covers the entire previous weekly red candle and more. This is almost always a very reliable sign of incoming bullish action and I would think even more so on the weekly timeframe. I'm most certainly bullish and think 9.6k-10k before our first real 31-41% correction is likely...however at this point we could even visit 11,12, or even 13k before the big correction..hard to tell...I do hear talk of a gap on the CME chart at around 8500 however and we all know gaps always get filled, so whenever we have our big correction we will likely revisit 8.5k if we don't do a bear trap before then to fill the gap. Anyways, in summation: Bullish engulfing candle on the weekly chart? Should be an easy long....lets see if it pans out.
BITSTAMP:BTCUSDLong
by DrDovetail
Guess which trendline continues to keep breaking bitcoins fall?The weekly stochrsis ascending support trendline has performed phenomenally this entire bull run. It still refuses to submit or bend the knee. Each time during the bullrun i seemed as if the big 31-41% correction was finally about to happen the fall was stopped short as the bullish momentum was bounced up off of this trendline. Once again this has happened to our most recent price action which should allow it to get one more good bull pump before finally breaking through this trendline. Every time we've had a dip I haven't been worried and will continue to see those dips as bear traps until we close a weekly candle with the blue and orange lines under this trendline or if we flip it to clear resistance...this support line has been by far the best indicator this entire bull run and will very likely continue to be. Look up my other ideas I've posted the past few weeks and you will see just how consistant i has been.
BITSTAMP:BTCUSDLong
by DrDovetail
$BTC: One final push upside, 33% correction, then rip to $11.5k!Dear all, Enjoy this chart. All details are in the chart, showcasing the confluence of bearish indicators for the 33% correction within this BULL market. In summary: 1- One final push to the upside (9.8-10k levels) this week 2- 33% correction to the 50% fib in June 3- rip to $11.5k in July/August, after the RSI and Stoch RSI have cooled off to oversold regions Projected price action is in light blue on the chart. Cheers, Leb Crypto
COINBASE:BTCUSD
by Leb_Crypto
The weekly stochrsi trendline that refuses to bend the kneethroughout the recent bear scare where for a moment it looked like we may finally be seeing the 31%-41% correction anticipated to follow our current parabolic uptrend, the ascending green trendline on our weekly stochrsi has held vigilant support only slightly teasing a peek below it briefly which now there is no longer any trace of. This line has held strong support through the entire 2019 bull run this far and still has 34 days left of which it may continue to hold support...if it does so we may not see the big correction until the end of June. Once we close a weekly candle below this line odds are good that's the signal that the big correction is upon us but we have a chance in the meantime to ride this further up to 9.6 -10k range and possibly even 11k before that correction sets in. So as has been this entire uptrend this trendline still remains the most important one to keep your eyes on to tell whether or not any current dips that are occurring are going to be shortlived or be much more significant. We are still currently rangebound between 7.4k support and 8,5k resistance and until either gets a close above resistance or below support we will remain that way. I think the ascending green trendline shown here will maintain support long enough to carry us up above 8.5 and onward to 9.6
BITSTAMP:BTCUSDLong
by DrDovetail
1
Support vs Resistance Epic Showdown! 1wk Stochrsi vs 1wk 50mathe 2 big players in that have been battling it out in the charts for the past couple weeks have been this strong weekly ascending trendline on the stochrsi as support and the weekly 50ma(in orange) as strong resistance. It has been a crazy battle one it looked like only a few days ago the weekly 50ma was going to win...but as we touched down on the stochrsi we saw yet another bounce to keep price action fighting the resistance of the 50 weekly and at least for now refusing to back down. If I had to pick a safe spot to try and sell any of my position this would be it with price action touching the underside of the 50week ma still as resistance. I would then put a stop loss auto buy a few pips above here around 5670. Bottom line is what we are looking for is a weekly candle to close above the 50 weekly ma until then probability slightly favors that it will be the stochrsi trendline that breaks first....pay no mind to the random lines just under the weekly 50ma...those are triangle patterns that only make sense on smaller timeframe charts. I may sell a little more here with a tight stoploss auto buy above but we still have over 3 days left in this weekly candle and I think its true direction isn't going to reveal itself just yet until closer to the weekly candle close. one thing to watch until we get closer to that weekly close is the greed fear indicator on bitcin if there is more greed by the time we close the candle we are likely going down...if theres more fear we may actually break above. Lastly, if we do close a weekly candle above the 50 week ma it will be very interesting but it is still not absolute confirmation that we will be continuing upward we always need to show patience and see how the follow up confirmation candle behaves as well as the volume before things are fully confirmed. As of right now though, this stochrsi trendline and the 50 weekly ma are definitely the 2 that are battling it out...we should see who wins by early next week if not sooner.
BITSTAMP:BTCUSD
by DrDovetail
1
ETHUSD inside a bearish rising wedge on the weekly chartThis wedge doesn't have an apex until August but odds are good we will see a break from the wedge much sooner than that...here I have picked a rough estimate area of where I think the priceaction will break out of the wedge and have put both a bearish breakdown projection as well as a bullish one. Although probability should favor a bearish breakdown to occur. its always wise to factor in the opposite outcome which is what I've done here. Should it break down bearishly however odds are good that in doing so it will only form a higher low to follow up the recent higher high on the daily and if we could then follow that higher low up with one more consecutive higher high I would be confident that we were finally entering the bull market.
BITSTAMP:ETHUSDShort
by DrDovetail
A look at the weekly log chart; Props to Steve Courtney.Steve Courtney noticed an excellent fractal between 2014-15s bear market and our current one on the log chart. As you can see indicated by the yellow circles...we have just recently broken above this descending blue resistance trendline and if you look at the fractal from 2014-15 you can see that back then we broke above it right around the same exact time we are breaking above it in this bear market...we also found resistance at the 50 weekly ma and were rejected back down to that blue line where it ultimately held support and bounced the price action back up again finally getting it above the weekly 50ma and then commencing an amazing bull market. I've been saying to watch the 50 weekly to see if we can close a candle above it and it would be a very important moving average to watch for a few weeks now and it now looks much like 2014 we will be closing well below it. if so anticipate price action will do what it did in 2014 which is dip all the way back to the weekly 200ma support line and likely find support on the descending blue trendline where it should bounce, form a higher low on the daily chart and then finally break above the weekly 50ma and flip it to support sparking our next bull run. So we may very well dip as low as 3.6k on this next correction and it is very wise to pay attention to the weekly 200ma and the descending blue trendline for support. Exciting times as it appears the bull market is very near...I also anticipate we may temporarily go into a death cross fake out to shake some weak hands before the full true golden cross can shine. If you like this chart search for Steve Courtney at Crypto Crew University and give him a follow...many of his calls have been spot on most of the bear market. /
BNC:BLX
by DrDovetail
1