Chart is self-explained. Indicators are overbought
I'm still shorting, but the picture became bullish. It is not a signal to buy yet but i'll keep attention on bullish signs to cover short and go long. Only if we break the support i'll keep my short and sell more because it confirms the HNS pattern
We have rising wedge, rsi divergencies (4h TF), overbought indicators. It is enough for me to short this shit
in most cases h'n's pattern doesn't confirm and continue the actual trend, but nobody knows exactly. fake-outs are rare
Right now is the best time to long... or short. If the second variant it would be the bear year, but if first :)
We bounced at the log resistance and formed kind of double top. But i have doubts about validity of its because it is a part of huge h'n's pattern. Anyway, breakout is a chance to short, h'n's confirming is a chance to long. Wait for bounce or breakout
As we can see in the chart there is possible outline of completed head and shoulders pattern. But it is unusual one called complex, a rare pattern which has the same purpose - trend reversing. For such sort of thing it has to have the same right shoulder as left (with two peaks). Right now BTC is in the rising wedge and it is a high probability of creation an...
The chart is self-explanatory as well. Breakout will cause falling up to important green line support or 0.236 Fibo
There is an existing probability of rising wedge that also looks good as logical end of previous falling wedge. If we reach the top line pay attention to the rsi and macd to find divergences that point on future downtrend. It is also could be a channel till the wedge is not confirmed. A good news is we across the main (red) downtrend resistance, but there is...
We have a big symmetric triangle which includes another ascending one. Red line is the main resistance. Set alarms to both direction and be ready to sell if you have some
we reached the strong support and done the triangle retrace. now we have some signals about possible trend reversing as morning star and stochastic update for this idea:
green line is very strong support and great buy zone, another zone which is above looks most likely as first target if LTC will break the triangle in another direction. just wait for breakout and join to the winner
there are crossed MACD and stochastic, we've bounced at the wedge line and next stop on the ~$9250-9000. pay attention to the green and blue zones which describe buy zones, but be careful and it would be better to wait for the wedge breakout. have your own head i don't make signal, it's only a food for your mind.
Simple charting, doesn't need any comments. Wedge, triangle, rsi and stochastic. Green zone is a good buy opportunity, but in the right circumstances. Pay attention to the market environment when we reached zone
second wave i used to outline as 0.5 fibo of first
Right now we are in the 1st support, that contains 6h ichimoku support, 0.618 Fibo and horizontal support. The second support include 4h ichimoku and daily horizontal support lvls with strong 0.5 Fibo; also a logical ending of C wave (0.786 Fibo of A wave). Volume is low and divergence exists (4h and 6h TF). Be careful and attentive
after performing double top NEO used to reach a target. bullish divergence could be a signal of trend reversing