Large undeniable Cup & Handle formation on the daily. As you can see the cup has completed and the bottom half of the handle shows the reversal. Yesterday we started opening above the 8 EMA. The 20MA is bouncing off the 50MA. This coin moves slow and it's a bonified HODLER. For a nice ROI take profits at in the green box. Target range is 165-175 sats....or just...
BCN started it's reversal yesterday and looking at the Ichimoku it's gonna continue as long as BTC cooperates. On the 4 hour above the yellow arrow you can see where the Tenkan Sen crossed above the Kijun Sen. Above the green arrow you can see Senkou Span A is about to cross Senkou Span B. Macd, RSI, CMF, and Stoch are looking good on the daily. Target is within...
Will we go further south? Maybe to 6500 before the big bounce? What do you think?
The weekly looks like a C&H forming currently as you can see where I drew it, but if look at it over it also looks like one big C&H overall which would could send us to 25k. Just a short simple logical approach to try and figure out what the big guy has planned. Maybe this is why everything looks like C&H's lol. Thoughts?
Yellow: Upward channel. You can see where support was broken above the green arrow. Purple: New support moving up into asymmetrical triangle. Turquoise: Look for new support here before breakout. Confirmation should be seen after upward break out of triangle under purple arrow.
Let me take a crack at this. Corrective criticism more than welcome. I'm still learning and want to know what my mistakes are so I can get better. ADA just broke out the ascending triangle. Target1: 4500 Target:2 5200 Target:3 6200 Target:4 9000
So I'm sharing this chart to see if I'm on the right path as far as learning. I've just got into trading 3 months ago and have been studying and researching with the hopes of becoming good at this so I can actually make some money. I chose BTC because it seems those whom are highly experienced tend to focus on this more then anything else, so hopefully it grabs...