Patrykdorenbos

Patrykdorenbos Updated 

Hello Traders, 1.) To begin with, bitcoin has been trading inside this falling wedge pattern, which is typically considers a bullish pattern. The next 4-hour candle could decide the potential breakout. 2.) The SMI indicator shows a cross in undervalued territory, indicating a potential reversal. 3.) The MACD shows a bullish divergence Counterpoint: No...

Patrykdorenbos Updated 

1.) Failed to break resistance within the pattern, likely to retrace to the support level. 2.) UCS_SMI crossed, and still in overvalued territory 3.) Moving averages on the MACD crossed as well. 4.) bearish divergence on the MACD playing out now. Note that this is a trade within an existing pattern, stop loss should be at resistance.

Patrykdorenbos Updated 

Technical target is all the way to the end of the box. 1.) Pattern breakout (rising wedge + confirmation) 2.) MACD shifting bearish 3.) UCS_SMI about to cross

Patrykdorenbos

Breakout + confirmation

Patrykdorenbos

Hello Traders, on the charts we are seeing a triangle breakout to the downside, + retrace to previous support, that has now become resistance. We expect the DOGE to at least hit the first price target box, and eventually the second one. Note that we are trading on 15m timeframe, thus making this post relatively time sensitive. Not financial advice, Cheers ✌️💫🚀

Patrykdorenbos

The stochastics on the 15 minute timeframe indicate an oversold market. In an oversold condition the market typically corrects to the downside. The wedge in combination with the oversold indicator is most likely bearish. Short position after breakout. No financial advice, cheers ✌️💫🚀

Patrykdorenbos

The triangle has broken out to the downside. Target price would be the latest support around 51k. Cheers ✌️💫🚀

Patrykdorenbos

To me it looks like a bull flag is starting to paint. Will enter a long position after confirmation. Cheers✌️💫🚀

Patrykdorenbos

I will buy at breakout to the upside, cheers✌️💫🚀

Patrykdorenbos

I consider opening a long position after breakout to the upside. It might trace back to the support line first, cheers ✌️💫🚀

Patrykdorenbos

A falling wedge pattern typically indicates a bullish reversal after upside breakout, most likely back to where the pattern started (green-dotted line). I'll be taking a long position if breakout happens. No financial advice and cheers✌️💫🚀

Patrykdorenbos

After correction on 15th, we've formed a triangle pattern instead of dropping below 52k, which would be very bad. Things are still looking bullish to me. Cheers✌️💫🚀

Patrykdorenbos

After Coinbase announced that Cardano will be added on their exchange, we've seen an 18% pump. Surprisingly we're not dumping right back, which is bullish. The coming days I expect ATH retest. Cheers✌️💫🚀

Patrykdorenbos

The channel seems to have broken out of the parallel channel. Cheers✌️💫🚀

Patrykdorenbos

I hate to say it, but we have to be realistic lol. The breakout could still be a massive fakeout, although I think its real. I don't like to bet against crypto market, but I think it will go lower. Here are three possible price targets that I have in mind, cheers✌️💫🚀

Patrykdorenbos

We broke out to the downside of the previous triangle pattern, currently we're trading inside a parallel channel it seems. Although I don't think we will fall below the red line, keep this option open. In that case I will open a short position. For now I remain bullish on SKL. I will open long position after a retrace to the support level, if it holds.

Patrykdorenbos

If we manage to stay above the line, (around 52k) I think we will get a nice bounce back to the next level (around 70-75k). Cheers✌️💫🚀

Patrykdorenbos

Unlike NuCypher, GRT has held its support levels. For this reason I think we will eventually break out, and trade a previous all time high. Beware of a potential downside breakout. In that case I will open a short position, although I don't think this will be the case. Its very dependent of bitcoin unfortunately, so keep a close eye on BTC. Not financial advice...