I was zooming out, looking at bitcoin, and I noticed this big volume bar at around the $10,000 mark. Since we're not at all close to that figure I was wondering could this be limit orders of whales in the know? Help me out fam, am I warm?
If we zoom into the 1 HOUR CHART on Bitcoin we see that there is a Head & Shoulders pattern forming with a possible drop of 7.48% if it plays out. A HIGH RISK/HIGH REWARD short entry at this point would be a possible gain of almost 2% over the confirmed/Retested entry, if this pattern plays out, for a total of 9.32%.
Don't ask me what the blue bars are, I'm still working on it and not ready to share my findings yet, and you probably wouldn't believe it anyway... but just know that there's a good possibility of a 10% + drop coming up. If it pans out I'll post a more important chart...
Was looking over my old charts today and noticed something that made me go hmmm.... On my old BOBA chart I noticed that it was tracking perfectly down towards my projected level of $2.27. After drawing a few lines I realize that it might have confluence with the present market trend and if so it would schedule the market trend to reverse at a well anticipated...
BOBA, although it's "straight out of the box", looks to be forming a clearly established HEAD-N-SHOULDERS pattern. Could mean a steep dive for what looks like a good project.
If BOBA sticks to it's head-n-shoulders pattern it could be in for a gloomy start. Head-n-shoulder pattern analysis shows a potential bottom of around $2.30 before BOBA may start to see some sunlight.
Just playing with Trading View's cool tools! What potential OPUL has though!
OPUL showing a nice breakout with a retest on the 50% of the retracement fib. looking for it to possibly rebound over $7.00.
FTM has been on a downward trend since the double top. Looking for a trend reversal for a good buying opportunity.
HIVE has broken the resistance line and is now retesting it for support. If it finds support it could mean another explosive move up... if not we could see a drastic move back down towards the $1.00 mark.
OPUL breaks out with a move upwards. Could be a great long opportunity.
HIVE finds resistance at the top for a second time. looking to provide a short or swing trade opportunity.
Completing the head-n-shoulders pattern, BOBA starts to break the neck line.
If we take the candle stick section that is circled and overlay it on the current pattern you'll see that they match up nicely and that this isn't the bear market, IT'S ACUALLY JUST ANOTHER "STEP" UP IN THE BULL RUN! The question is does the pattern continue or is this "step" shortened from downward pressure ???
CRO looking to form a head-n-shoulders pattern possibly with a very drastic move to the downside.
HIVE broke from its base of $.80 as predicted and has established a new base above $1.00. On top of that, it's applying constant pressure on $1.20 to become support.
HIVE looking to retest resistance at $1.20. 30% gains to the upside possible and hopefully setting a new base, above $1.00, far away from the longstanding level that was around the $.80 mark.
Possible short term analysis for Polygon / MATIC. A possible descending broadening wedge pattern on the 1 hour with a target take profit level projection for a break to the up side.