I have plotted a very strong symmetrical fib level where price is currently flirting with the symmetry line at $1.577. As long as price can stay above that level, expect price to move back up to $1.657. Expect a reaction at this price. Sellers will step in but then a further push to complete the series at $1.759 can result in a pullback before further...
I personally would like to see bitcoin blast up to new highs but I have to remain objective here.. I currently see this descending formation and with bitcoins latest drop in price, I would need to see new highs be made in order to change my bias of a further downside push. I can see a potential push up short term but it could be the completing shoulder to a head n...
With bitcoin currently resting at a key area of resistance (smaller downtrend in red) I am watching for the price to drop just a little somewhere into the red circle where we can find support and complete a solid inverted head n shoulders pattern to break out of this smaller induction trend and launch back up to test 60k. The bottom did hit the 0.5 fib level of...
With XRP holding strong above a previous symmetrical level that once pulled price back temporarily in the past, I am looking for a move straight up to the .68 or .69 price level. At that point it is due or die on making it past that resistance to the .80 mark. But the level I am watching closely at this time is price maintaining above the symmetry line. :)
EU head and shoulders from last week is playing out to the downside. I want to see if resistance on the 4H and 8H will maintain and continue to extend their flow lower. If so, I will continue to prioritize sells. If the 4H LH is broken, I will look for new bullish structure to maintain and extend to the upside back towards daily supply. :)
First post on tradingview! Getting straight to it I happened to see a bearish bat forming on the daily along with the inverted head and shoulders pattern we all are waiting to see will finish. For me, this bearish bat is confluence of the ih&s as we need to rally up to the 1.68 extension to complete the pattern on the harmonic.. in doing so that will complete...