nlizotte

nlizotte

If D sustains itself upward, the entire structure afterward will shift up accordingly. This is the projection of the "Bowl" being created.

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STR dropped below the Bullish Divergence line last night. Not what we were looking for, however, BTC did jump to ~1920... Note the series of retraces over the next 8 hours, to see if we get back inline with projections and see if Ranging is over with or will continue for some time longer. If you are not in a trade, consider waiting to see what happens. If you...

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What you will notice here is the big dip lastnight into this morning makes for a nice upswing. The interesting thing here to notice on MOST dumps then ups, you will see the State of Texas forming in the trend, and end up looking like the United States... seriously it looks like that almost always. On this chart, the State of Texas isn't really shaped like Texas,...

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We are going to the top of the trend line. Look at the Rising Wedge for Resistance Points

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Symmetrical Triangle is about to break through and along the Bullish Divergence Line. Expect to set sail. This is a great range to grab a position for the next month.

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There is another falling wedge that's going to take us to the red dashed support line.

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This is what happens when a head and should pattern fails. Note the dashed lines, and the panic selling rotfl.

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Target is in the ~1700s to hit the Descending Triangle Bottom.

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The Trend is starting to curve, you will notice in the 1-5 minute charts. The green Pendant will be completed soon.

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The Pendant is looking to break in a moment here. We have had a bullish presence to retrace the massive drop earlier. Thing to remember here is large moves tell signs of where the major trend will go. The Pendant is asking to break and fall into the Descending Triangle for Intra-Day trend Bearish.

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Prospective Targets Updated

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We have the Grand Trend in Pink, Short Trend in Blue, Retrace in Brown

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Here is an Updated STR/BTC Chart

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As the Pendant is broken, another Ascending Triangle is about to pass, leading to a Falling Wedge for breakout upward.

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The Inverse Cup and Handle just broke a few minutes ago and the Pendant is broken as well.

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I will applaud XRP if my stop is hit here. Expect retrace Short if it does not blow my stop. If my stop is blown, I will remake new Trend lines.

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XMR just completed the Cup & Handle and is going along the Bullish Divergence - Expect C Leg to Begin

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On this graph, you will see the marker that will decide trend direction. Choosing a position here is difficult until you find out what lies ahead. Signs point retrace, but the retrace may some sooner than we think. Look to set tight stop/losses wherever direction you take.