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1daychart

LTCBTC at a key fulcrum point.ltcbtc at a key fulcrum point. Needs to maintain support on the one day 200ma to trigger the falling wedge breakout and maintain the golden cross...if it loses 1day 200ma support then it will likely trigger the double top breakdown which could send it into a deathcross. If it did flip back to deathcross, that deathcross could still be more of a deathcross fakeout as long as prive action were to have a huge rebound after the breakdown. So even if the double top were to occur that doesn't necessarily mean a sustained deathcross is a guarantee we could still just have a deathcross fakeout and flip right back into a golden cross shortly there after.
by DrDovetail
If 1day 200ma fails 4 potential targets= 8.5k, 8.3k,7927, & 7868Still a chance the 1 day 200ma may provide body support by the next 2 daily closes but in the meantime targets like filling the gap at 8.5k are veryr easonable...we also have the breakdown target from the descending purple channel around 8.3k if we were to go lower than these 2 the next target would be the golden pocket fibonacci retracement level at $7927 and finally just below that the blue rising wedges breakdown target at 7868. I will likely ladder in a little bit of buys each time we hit one of these price points. Not financial advice however you choose your own destiny. Only short if the 1 day 200ma is solidified as resistance here.
BITSTAMP:BTCUSDShort
by DrDovetail
1
Kraken DASHUSD chart eyeing goldencross by tomorrow! Target=$220Haven't checked dashusd on other exchanges yet for confluence but on the Kraken exchange it looks ready to blow! *not financial advice* . We see here a symmetrical triangle in an uptrend attached to a flag pole= bullish pennant. If it reaches the pennants breakout target we are looking at a target of around 200-220, if it only reaches the triangles target it will be considerably lower but with the inevitable impending golden cross I anticipate it will reach the full breakout target.
KRAKEN:DASHUSDLong
by DrDovetail
the dust has settled & only the 1 day bullflag remainsof the several potential patterns we've been watching over the past couple weeks, one by one has slkowly been eliminated from contention (most recently the adam and eve double bottom) and now we are left with only the standard 1 day bull flag. We just managed to confirm support on the 1 day 200ma after wicking below it which is clutch because flipping the 200ma back to solidified support at this point would likely mean the bull market will be put on hold indefinitely and we will swing back into a bear market so keeping support on the 200ma is key to saving the current bull market and having the current deathcross end up as a fakeout. If we do breakout the target for the bull flag breakout is the 11.6-11.7k area. I will leave this idea neutral and will await breakout or breakdown confirmation before I choose a side.
BITFINEX:BTCUSD
by DrDovetail
3
Why I still believe the Total2 chart h&s will be a fakeoutLook at the measured move drop target for the total2 1day chart head and shoulders pattern....no way is the entire alt market going down anywhere close to that far...that would involve all alt coins even top ones like ethereum, xrp, ltc, and bch going below zero. Of course h&s don have to hit 100% of their measured move target especially during a bull market but I think odds sill favor a fakeout...neutral for now though as we may see some more downside first.
CRYPTOCAP:TOTAL2
by DrDovetail
1
BTCUSD 1D - Expected Bear Trap/Pinbar into 1D 200EMA/Monthly S1COINBASE:BTCUSD Price on the 1D chart is now just below 20EMA and 55EMA, also at the top of the triangle and mid-point of the channel, this suggests a move lower. Expecting a pinbar or bear trap into the zone that is between the monthly S1, the 200EMA and the lower part of the channel between 9000 and 8700. This would then be followed to move to the upside. Not playing this move, waiting for the pattern to play out and direction to be confirmed on the 1 day chart, will then look for the next setup.
COINBASE:BTCUSD
by Maverick45