For now, we are showing signs of accumulation as well as a sell wall which may in fact class as a short term ascending triangle! I have had one other person pointed this out hours ago, but I told him we'd need to wait for a third touch point and dear fucking lord we got it. A third touch point with 4 hour scruffed bearish divergence playing out as far as we know...
Potential areas of reversal could be the previous swing as support at about $10,443 or we could retrace all the way down to common retrace fibs between $9,800ish to $10,200ish. These are areas where if the trend upwards were to continue, we could see reentry among these prices. From there, it would be a very common situation to run up once again creating four hour...
Good evening Ladies and Gentlemen! 1st off, I am planning on opening up a Discord channel or potential telegram channel. I may even make a website, but I really want to start a group called "ChArtWorks" or "TimeLostChArtWorks". Haven't decided yet, but I would love to open a channel for TA and also Artistic Charts that I'll be posting! That being said, we are...
Good evening, I made a post on ATVI a while ago, but we are currently at the neckline once again. We have filled the gap between $40 and $44. We have another one to fill which coincides perfectly between the .382 and 50% retrace. The Rounding bottom potential target also happens to coincide in to the gap fill. Just an idea now and it's not confirmed until we see...
This is still plotted as a Descending triangle over a symmetrical triangle. You just continue to hit the same support zone while maintaining a lower high trajectory. This is a very bearish pattern ladies and gents. I am not in a long position, nor a short one right now. I am waiting further confirmation and a trade set up. I am not seeing a trade set up as of yet....
Maybe we'll run up to the .886 PCZ of the Bearish Bat before selling off and hopefully in the best bullish scenario, we'll test the geometrical trend as support before shooting up to higher highs. Just an idea. Most triangular patterns break out about 75% of the way through and we're at it. Just food for thought ladies and gents. Although, I will probably be...
You are showing bullish divergence on the macd, but not on the rsi. I don't recommend taking a trade in this coin at all. Sure, 4 hour macd bullish divergence could play out and you'll probably get a scrub rally out of it between the common retrace zones. But their is no reason to be buying at this price as their is no real support. In fact you only have one...
I plotted the potential Bullish Butterfly off of candle closes and some wicks to make it look more accurate. That being said, this just remains an idea for now and you would take big losses if you got stopped out, but the gains are exponential here if we were to hit targets. Conservative retraces are still big gains as well, but not really what you'd want in terms...
Good evening. I am taking a long position in btc. Stop is slightly under 9kish support with a 5% risk and a 15-24% reward ratio. This is a 1:3 and 1:5 Risk/Reward Ratio. Although, you may be a little bit more loose if you are going for the PCZ target. I don't typically recommend taking positions at wave C of a harmonic or cypher pattern, but you have overwhelming...
We are waiting for wave C at the moment for a potential cypher or harmonic to come in play. It'll more than likely be the bearish bat in development, but you can't plot one until we have a confirmed C wave. That being said, I have been posting a descending triangle as a potential pattern or the other one was a symmetrical triangle which both provide the same...
You have bullish divergence at critical support at wave c of this pattern. I am giving us a potential area of shorting at the pcz of the bearish cypher. We'd look for bearish divergence on the four hour time frame before taking a short. That I will keep you updated on if and when we hit the pcz of the bearish cypher!
Good morning ladies and gents. I am currently in favor of the descending triangle over the symmetrical triangle simply because each swing low tests a support zone compared to your swing highs which are just making drastic lower lows without an actual resistance zone. That being said, let's look at this in a bullish perspective if the breakout happened to the...
Playing around with fib circles and Fib time, but I'm not the biggest fan of them. They are cool I guess. Anyways, I haven't taken a long position in btc yet. I am honestly waiting for another impulse down into the purple support area between $9,130 to $9,650 with bullish divergence or convergence. Break below the purple support and that would be no good for the...
This remains only a theory for now, but we are potentially in the makes of a descending triangle. I am not saying it will play out, but you just happen to be bouncing off a support range while making drastic lower lows over and over again. Breaking this, could seriously yield us inside the Teal Box. This is a support range and it does seem unlikely to some, but...
This is the first time you will ever see me giving speculation on the market, but this is a very speculative Bearish Butterfly in development on the Weekly Time Frame. First we'd need confirmation of the potential Descending triangle. But how I came up with these targets and patterns is using the same math and patterns that have developed in the 2017 bull run and...
The Bullish Cypher has played out ladies and gents! We hit our PCZ and I took a position at 563 and 555 sats! I have taken some profit at two different targets, but now is where we need to start looking for Cypher pattern Targets. We're talking about potential price reversals to the downside between the retrace of the .786 also at wick A and also the 100% retrace...
Good morning ladies and gentlemen! I believe Algo is about to get real fucking crazy real soon! After a crazy impulse down followed by a wild downward consolidation, we may actually finally hit out PCZ of the Bullish Cypher pattern. This may seem crazy right now, because all you see is Algo dumping, but if we are seeing Bullish divergence at the .786 at around...
Ladies and gentlemen! We are currently at a potentially lower risk entry for $ALGO! We are showing Bullish Divergence with Down Sloping Consolidation after an Impulse up and you just so happen to be at the PCZ of the Bullish Cypher! Refer to Update 2 on the Bullish Cypher pattern for potential areas of price reversal! You really don't want to drop under 524 sats...