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Targethit

Falling wedge target reached! Will A&Edoublebottom trigger next?After hitting our target precisely on the 1hr chart a few candles back we can see here on the 4hr chart that we went a a pip or 2 above the target afterwards most likely fueled by fomo.We now see our pullback/correction taking place but if we can maintain support above our falling wedge target from here on out we will certainly trigger the Adam and ve double bottom as well which could lift us to 13.1k and give us the opportunity to potentially break out of an even bigger symmetrical triangle to an even higher breakout target...for now the bigger triangle may only be speculative but we will know based on what price action does the closer we get o is proverbial top trendline. Our current price range for now is still a huge pivot point/fulcrum where we could just rigger the adam and eve double bottom right away and head to 13.1k or we could instead see one last big bear dump as a last resort to fill that gap at 8.5k(slim probability but still possible). That's what makes this zone so pivotal and I will be watching to hopefully see price action maintain support above the falling wedge breakout target as a new base to build off of. If I see the probability of a double bottom breakout should be undeniable.
COINBASE:BTCUSD
by DrDovetail
1
falling wedge breakout target hit w/100% wick precisionillustrated here on the 1hr chart with a small hyphenated horizontal green line, we can see how perfectly the 1hr candle from 3 hours ago hit the breakout target of the wedge precisely and then retraced slightly....the proceeding 1hr candle(driven by fomo) has now taken us a pip or so higher than the projected target and the red 1hr candle that followed it is the correction we knew would eventually come after reaching the target. If price action can maintain itself above the hyphenated green line and can build a base of support here then probability is really good for the opportunity to trigger the Adam & Eve double bottoms(whose neckline we are currently well above). If we trigger that our necxt target is 13.1k! Of course if we were to ever dump and fill the 8.5 gap this seems like essentially the last price range where it could take a correction that far back, as Im sure once we clear 14k or so we probably will never go below 10k ever again. Anyways keep an eye out for the small chance of a possible last opportunity bear dump....beyond that we should be headed only onward and upward **not financial advice**
COINBASE:BTCUSD
by DrDovetail
1
Priceaction keeps knockin on the necklines door but cant come inyet another instance where the accuracy of TA absolutely astounds me. We can see when the price broke up on the first 4hr candle to leave the neckline behind that it hit the turquoise falling wedge's breakout target with exact precision the next candle made it as high as 11126 or so before coming back down and turning red on us and where did that candle stop its fall at? right back at the descending neckline of the inv h&s pattern where its continuing to find very solid support. Until it closes a 4hr candle back below the inv h&s neckline a fakeout won't be confirmed. For now it's still quite possible for it to bounce back up off the neckline and head back up to 11.2k possibly even the 12.3-12.5k range. Also possible to tank here and then head back down to 8.5k after confirming a fakeout. For now we remain neutral and vigilant until the whales make clear their next move.
COINBASE:BTCUSD
by DrDovetail
BTT Targets met!My very first analysis on BTT was VERY on point concerning the Buy Order Wall at 0.0006$ and the Bullish Price Target. (though things didn't happen the way I thought they would) My 2nd and 3rd analysis we're also more on the short term and, even if the techs were there, the market made sure to make things Slow & Sloppy. ahaha. Now that I stepped back from the chart to give it some time to breath, looking at it on the weekly, we have a very nice chart!! 1-BTT has beautifully retested the 1st resistance/support level at 0.0006. 2-BTT has broken out of the downtrend (Red line ain't precise, just for general idea) 3-BTT has reached anticipated target from my very 1st analysis, and even breached to 2nd target! Short Term Bias: Pullback would feel natural but news are coming up soon.. so anything could happen. Long Term Bias: Bullish on BTT, and Bullish on general market considering BTC Halving coming up next year. Cheers.
BLong
by TheWiseGentlemen
ETH - D1 Target hitYoyoyo, 123$ D1 target hit, this looks interesting. Highest volume of the entire year, capitulation ? (even higher then dec. bullrun) We hunted some stoploss/$$liquid.$$ below 123$ and had a major rejection to bring us back above 123$. 1 Hammer formed on nov 23, an inverse one is forming today ? (need confirmation at D1 close) Fib Retracement looks good around 0.5 - 0.618 but we need volume first. The longer we stay at 123$, the worst it will get. R/R is definitely interesting, hmm...
BITFINEX:ETHUSD
by vOidca
ETH - H4 TARGET HIT & Double Bottom Pattern possibilityHello guys, quick update, it just hit my 198.55 target, pretty nice but another rejection at 50 EMA, been like that since early october. The thing that I found lately is that there always a weird shakeout before every move I see. Is it manipulation, hard to say but it definitely play with people mind. Because as you can see, we got a huge wick down that caught a couple Long SL, a lot of $$liquid.$$ and we found a way to close above trend, kinda funny when you start predicting those weird move. Probably a sign that I got outplayed by a couple of them earlier LOL, gotta learn. On M5 chart we have bullish rejection at 196.50 which is a really good sign for the moment. If we can hold there at 0,382 fib this would a really nice correction but I wouldn't be suprise to visit last high at 0.5 fib (195,66) but let's hope NOT! :D Tonight is the monthly candle close which could be a really important point for ETH and BTC if we manage to close below 6383 this would mark a yearly low and from what I see on the H4 chart this could possibly be a double bottom pattern. We have higher volume on the first dump and the first dump marks the lowest point out of the 2 bottoms. We got a higher volume on first peak, failed to make higher high since that peak and printing higher lows, a good sign of a bearish pennant. The second dump confirmed the pennant and the dump ends up higher then the first one with lower volume which is another good confirmation of a double bottom pattern, for now. Usually a double bottom pattern is a mark that a intermediate or long-term change in trend is coming. Which seems like a good point if you pay attention to the upper trend resistance, but you know, we are used to those fake breakout :) . What I will be paying attention to today is the monthly candle close that will probably mark the yearly low on BTC then I expect in November the confirmation of the double bottom pattern. To confirm the pattern we will need to break 198-200 ~ resistance first, that would be first confirmation, the second and final confirmation will come from closing above 208 ~ and break upper trend resistance. When this happen, the double bottom reversal will be done. So this is an important day for us, cryptonerds, have a good days guys, have fun trading and of course keep LEARNING ! vOid
BITMEX:ETHUSD.PLong
by vOidca