I have seen this potential pattern on BTC as well. Keep your eyes peeled for this to be a possible outcome. DYODD. NFA.
Descending TA pattenr indicates a reversal incoming. DYODD. NFA.
Currently we have differing TA signals from the consolidation period after the flash drop. The initial TA had a negative slope indicating a bullish outcome and the current TA, which includes the bullish resulting candles, now has a positive slope which indicates downward candles are coming. Proceed with caution and keep on the lookout for this on all the charts....
Well, the TA pattern so far indicates that a bull flag has printed in the shape of a DBW (Descending Broadening Wedge), so both a bull flag pattern and a DBW pattern both will produce an bullish outcome MOST of the time...however this time we have the recent drop of a potential correction where LH's and LL's are still being printed. If the overall market pattern...
We are already printing 1HR candles downward after the bounce and establishment of the new LH (Lower High). DYODD. NFA.
If only Newton had ADA instead of a plain apple. How far could ADA have fallen for Sir Isaac Newtion? DYODD. NFA.
The chart says it all. We are on the 15m timeframe and there is a pronunced bear flag inches away from playing out. Looks like it's shorts season! DYODD. NFA.
If ALGo is allowed to play out this projection I can see her making it over the $2 mark. However, today was a very low volume day and that could spell disaster as the day turns into night and the hypothetical Act 2 of the sell-off begins. DYODD. NFA.
Welcme to Speculation Central! The game where noone really knows what's going to happen in the crypto market, but we just throw in some charts too! :P I realize this is a very busy chart. but I wanted to get the ideas on the same chart for comparison sake. Right now, BTC is in the process of trying to recover from the abrupt gap down bloodbath yesterday and the...
In true classic form, BTC is dropping diamonds yet again to define her reversals. This one appears to want to take us back to about 49k. Let's watch... DYODD. NFA.
another bearish pattern we should avoid. expect to see consolidation then a drop out the bottom of the wedge. DYODD. NFA.
...that we should expect to see continued consolidation within this (slightly) rising wedge before an ultimate break to the downside. DYODD. NFA. PS...i like SOL and i went into this one looking for a reason to be bullish. sorry people!
MANA climbed fast after making the dbl bottom, but a confirmation on this upper TL should send it rocketing. DYODD. NFA.
TRX didnt want to cut the same pattern 95 % of the other coins have been working one....still bullish formation tho! DYODD. NFA!
The bottom for this downturn seems to be taking shape nicely. Consider waiting for the re-test before brining your fundz out of hiding! :P DYODD. NFA.
We should see a breakout on LINK soon. Bullflags gonna be poppin! DYODD
We made 52k then retreated abruptly. This action seems to be making a diamond. Technically diamonds can be reversals or continuation patterns but considering the fact that we are in the latter stages of this impulse move up, and that diamonds are more often reversals, Im tending to think we will be going down and heading back to the 20 D EMA at this point.
Looks like BTC could crest on this scallop around 53k then i expect her to seek the 20D EMA again for consolidation & support. Let's see what happens! DYODD.