ArtofJR

ArtofJR

BTC

ArtofJR Updated 

BTC made a higher low double bottom with higher levels of relative strength and MACD bullish momentum. The interesting area to watch is the MACD moving averages breaking or rejecting the down-sloping resistance of a descending triangle pattern. - Sell target is .886 retracement as there is a big bearish bat pattern PRZ and is close to double bottom measured move.

ArtofJR Updated 

BTC

ArtofJR

$3477 is approx. the 1.618 and 2.618 extension confluence for a bullish crab. With alot of indicators pointing bearish, the shorter term bullish plays may be high risk.

ArtofJR

The right shoulder has formed a falling wedge with current price action. There isn't much sentiment for a bullish move yet, but a break of the falling wedge to the upside could be expected as MACD bearish momentum is losing strength on the 60 min chart.

ArtofJR Updated 

We may see a small pump as price action formed a diamond bottom pattern with bullish divergence

ArtofJR

For the 5-0 pattern traders tend to trade the C-D Leg for 100% retrace.

ArtofJR

Typically False Breakouts dont go higher than 5% from the breakout point. Here is a perfect example of price breaking the neckline, rising less than 5% and returning below the breakout point. Price action has formed a head and shoulder pattern with RSI bearish divergence on the neckline.

ArtofJR

.618 retrace on the handle which has now double bottomed with Class A Bullish Divergence. Could be in for something big. Weekly chart also has bullish divergence on the Cup Neckline. *Not Financial Advice*

ArtofJR

- The bearish H&S had bearish divergence on the up-sloping neck line. - The bullish H&S now has bullish divergence on a down-sloping neck line

ArtofJR

- Measured Move of BAR is around $11,500 - Target is 1.272 Ext. of BAR and also a .618 retracement from 13.2k Leg down.

ArtofJR Updated 

A 2% Risk set up I'm considering due to the price consolidating at the 1.13 / 1.618 of a Bullish Shark Pattern. Target is a 50% retrace of C-D leg around $11,200 - Low chance of this playing out with little to no bullish divergence. - C-point should not go higher than 1.618 ext. - Using Candle closes on the Day Chart the C-point closed at 1.414 ext. *Not...

ArtofJR

All requirements are hit for a bullish deep crab PRZ

ArtofJR

Price would need to cross above .06435 to confirm a bullish shark. Though waiting for a confirmation is ideal, we have class A bullish divergence on both indicators and the price has bounced just shy of the 1.13 of X-A and 1.618 of B-C. Typically the 50% retrace of C-D leg is a sell target. *Not Financial Advice*

ArtofJR

Beautiful Bullish cypher set up with Class A bullish divergence on the 4 hour

ArtofJR

- IF price drops below $9700 BTC will have a double top confirmation with a measured move to $5573. - Bullish Gartley PRZ is at $8680, If we get price action reversal it may be short lived because of the double top confirmation.

ArtofJR

LTC

ArtofJR

ETH