CryptoSimons

CryptoSimons Updated 

Looks like we are forming a bull flag after the breakout of the symmetrical triangle. This is allowing us to break the resistance of the pink trend line that has possibly been forming an inverse head & shoulders over the 4H time frame. However, I'm still not convinced with the surprisingly low volume we are getting. Keep an eye out for increased volume, then we...

CryptoSimons

Short-term target: $46

CryptoSimons

The S&P has broken out from this H&S formation. The target is at least the parallel trend line, originating from the '08 crash.

CryptoSimons Updated 

Bull Flag - still more room to go.

CryptoSimons

The H&S target has been reached, leaving GS at the rising trend line of the large rising wedge that has been in play since the 2008 crash. The RSI is showing that GS is oversold while the MACD is still taking a plunge. A MACD recovery and bullish cross would be a good sign. If the price closes under the rising trend line, I expect a large plunge to the 0.786...

CryptoSimons

Originally I thought we might reach the support of the falling wedge again and that we would fall below $3000 some time soon, but this possible inverse head & shoulder and the fact that it has take so long to do so has changed my mind. Seeing as the 1-2-3-4-5 Elliot Wave has likely finished, we are due for an A-B-C corrective pattern. The inverse head & shoulders...

CryptoSimons Updated 

With volume confirmation in the left shoulder and head, a possible H&S on the S&P indicates potential first movement out of the parallel channel.

CryptoSimons Updated 

Unless there is a significant break in the steep parallel channel, expect to reach the support line soon.

CryptoSimons

Rising wedge showing signs of major pullback and contraction of bond market.

CryptoSimons

Possible falling wedge on the 15 min chart. Wait for volume breakout confirmation. Without an increase in volume, the wedge will certainly fail.

CryptoSimons

Breakdown of the parallel channel makes this likely in the near future.

CryptoSimons Updated 

Looks like a symmetrical triangle with clear volume contraction. With a bullish divergence on the RSI, there should be a short-term bullish breakout soon to the ~0.618 retracement.

CryptoSimons

In a previous chart, I predicted a possible cup & handle on the 4-hour chart. Recent days had me questioning this idea. As crazy as it sounds, I don't think it's so unlikely anymore. 1. We are oversold on the RSI and MACD. - A solid MACD crossover in this position would be huge. 2. The handle of the formation is still in play. - The handle, however, is long and...

CryptoSimons Updated 

We may be getting a cup & handle while BTC consolidates if the trend line holds. Target: $10924

CryptoSimons

Although many of us wanted one 4-hour bar to shoot past the all-time high, we have to deal with some healthy correction for Bitcoin to establish it's prospective bullish trend. It seems as if any potential inverse head & shoulders or cup & handle formation can be considered unlikely following the symmetrical triangle breakout. We can expect a drop to the white...

CryptoSimons Updated 

Bear with me here because there is a ton of information on this chart (no pun intended). Looking at the 4-hour chart, there are a few bullish formations that can be identified: 1. Ascending wedge (light red) TARGET: ~8100 (approx 1200 EMA) STATUS: Broken out 2. Bull flag (white) TARGET: ~7000 STATUS: Broken out 3. Inverse H&S (green) TARGET: ~7780 (exactly 7780...

CryptoSimons

Looks like an ascending triangle has formed on the 15 minute chart. Here's my prediction of price movement and target back in the bullish green channel we were just in.

CryptoSimons

LTC is testing key resistance on the RSI at approximately 64 with good momentum. Keep an eye out.