Just found this pattern, haven't seen it on TV yet. So it might be worth sharing... The wedges target is usually equal to its lowest point. There are as well several indicators implying an incoming correction.
Hello fellow traders, Quite a simple setup, RSI shows a bullish divergence and the price has formed an ascending triangle. I expect the price to meet the projected target @5250 within the next few hours.
Hello fellow chartists, like the one here, diamond pattern within timeframes greater or equal to one hour worked very well on BTC in the past. This one is quite hard to spot because it is pretty tiled, but this doesn't affect its significance. For diamond tops the likelihood of an downward breakout is around 57% according to Thomas Bulkowski's Pattern...
Hello fellow traders, in this TA I point out three possible movements by using my crystal ball and some ta skills... Green arrow = most likely scenario, the bearish pennant plays out and we drop towards 2k and even lower ranges (A lot of other indicators point in this direction. Bearish divergences, Moving Averages, Stoch RSI 14,14,3,3 and so on) Blue arrow =...
Strong hidden bearish divergence and a bearish pennant. I'm astonished how blind most TA's seem to be currently. Trade safe Nik
Hello fellow trader, I have identified a combination of 3 distinct patterns in this analysis. The first one is a descending channel within the second one, an ascending triangle. Both are likely to produce an upward price action. This is an interesting setup because the pattern may boost each other from inner ones to outer. Of course there is the possibility...
Please see the chart, it should be self explanatory, but the flag is formed by the second half of the diamond. Trade safe! Nik
Hello, as said in the title one may expect a price retraction towards the 6.8k support Please see the attached link for additional information on the identified pattern. thepatternsite.com Trade safe! Nik
Hello, I've left my previous analysis in this one because the flag is a part of it. The pattern's price target is located at the 6800ish resistance, I'm quite bullish overall at the moment, so this might be pierced as well. Watch the development carefully and trade active! Check out my Siacoin analysis as well. Regards Nik
Hello, Bitcoins price development formed a quite accurate shaped diamond bottom. The bottom diamond pattern has shown an excellent performance compared to wedges and triangles. The Fibonacci retracement I use in the chart is not based upon the price, but on the expected performance of the pattern. This might be calculated as following. Measure the price range...
Those are quite bullish signals. This is just an educational post
Hi there, Siacoin has been forming another falling wedge, which might be perceived as a fractal price movement. The targets are similar to those of the last one. It is crucial that the price pierces the downtrend (dotted line), which should be settled approximately at the 0.384 Fibonacci Level, if I got the time frame right. There is a feint of a bullish...
... and deconstruction of wrongly identified rising wedge Please see the attached chart for the bigger picture, it a bullish opinion on the coming weeks Trade save Nik
This is an update to my last two posts on bitcoin. Currently the price is forming a nicely tilted bullish flag. Please see the two attached ideas for the bigger picture. Trade save Nik
Due the relative success of the former idea I extended it. Please see the predecessor to get why those aren't just random curves cast by a maddened mind. Let me know what you think and don't use this as an advice
Please see the infos in the chart for entry and stop loss Check out thepatternsite.com for the roof pattern and thepatternsite.com for the top. Trade safe Nik