ScotianBot

ScotianBot

It appears as though Ethereum is trading in in an Ascending Channel or possibly a Rising Wedge, the price is staying inside the channel except for one deviation that was very short-lived, I'd disregard that price movement because the overall pattern is more important. I have placed a blue human head and body icon to represent the head of an inverted H&S...

ScotianBot

It appears as though Bitcoin is trading in a rising wedge or an Ascending Channel with multiple noticeable support and resistance touch points at the top and bottom of the pattern. On a smaller time frame, there's potentially an Inverted H&S forming, the green human head and body icon is the head of the pattern. On the DMI there has been a bullish cross. It...

ScotianBot

If Hive breakouts of the channel to the upside it would indicate that the price will rally further, and on the contrary, if it breaks below it could indicate further downside price movement. On the RSI there has been a series of higher lows since late January this year, and the higher lows started occurring coinciding with the price bouncing off the bottom of the...

ScotianBot

TNY has found bullish support at the blue upward sloping line multiple times since April 2020, potentially forming an Ascending Triangle. On the RSI we see a similar pattern as the price, there was a little fake-out that occurred recently but disregard that deviation. On the DMI there's been a bullish cross. Also, worth noting, the red downward sloping...

ScotianBot

It appears as though another Ascending Triangle is forming for GME, notice the series of higher lows at the upward green sloping line of support, it's interesting to see a bounce off of the old resistance of the previous Ascending Triangle in blue, inherently bullish. There's merit for an inverted H&S pattern as well, the green human icon is the head of the...

ScotianBot Updated 

It appears as though TNY is starting to slightly break the blue upward sloping support of potentially an Ascending Triangle to the downside, it would be ideal if the bulls hold this area of support. In green, I have drawn what appears to be a longer-term trending descending triangle, or, bullish flag, the green downward sloping resistance is currently being...

ScotianBot

Wow, it's nice to see some short-sellers get roasted, bulls get money, bears get money, and pigs get slaughtered. GME appears to be trading in a GIANT ascending triangle, notice on the RSI there has been a lower high creation for the third consecutive time since January 22nd, but the share price increased and now may be forming a bearish divergence inside of a...

ScotianBot

I have left a previous example of an ascending triangle that occurred recently with Ethereum on the chart in dark green, notice how the current pattern formation in blue is nearly identical? On the KST there's been a bullish cross where I've placed the blue finger icon. The RSI is trading in a near-neutral zone, we have no seen any higher high creation on the...

ScotianBot Updated 

Bitcoin is potentially forming a giant H&S pattern inside of a larger Descending Triangle or Bullish Flag. In light blue, I have drawn a hypothetical price scenario. The RSI is breaking the downward sloping resistance of a descending triangle formation. The KST saw a sharp deviation but has since found itself back into what could turn out as a bull flag or...

ScotianBot

Bitcoin has found some bullish support at the horizontal base of the pattern, this area is going to need to hold if we're going to see continued upside price action. The RSI is forming lower high after lower high, clearly a bearish divergence noticeable since back in December 2020. On the KST we've seen a bullish cross.

ScotianBot

GBR has created lower highs on the RSI since Oct 2018 but the price has continued higher until the blow-off top in late June 2020. The RSI looks like it's trading in a Descending Channel. The KST has seen multiple bearish crosses since Dec 2018 and continued lowers highs indicating momentum is fading. Noticeably the price has broken flush to the downside of a...

ScotianBot

It appears as though EXP is consolidating into a Bullish Flag in Dark Blue with a Cup and Handling forming Dark Green, two inherently bullish patterns. This could always be a descending triangle, but when looking at EXP on a long-term chart there's a noticeable bullish cross on the KST, not apparent on the shorter-term time frame I am currently using, just...

ScotianBot

It appears as though BUZZ is trading in a micro bullish flag outlined in light green inside of a Macro Ascending Triangle in dark blue. On the RSI it's possible we've seen a double top and an H&S may be on the verge of forming; if so the bullish flag will be negated thus resulting in a descending triangle. If that happens the blue upward sloping support of the...

ScotianBot

Bitcoin has been creating so many moderately predicable bullish patterns, however, it's tricky swing trading due to fake-outs occurring regularly. Clearly, BTC is trading in a Bullish Pennant, however, that's always subject to change if the green upward sloping support of the pattern doesn't hold. I have colored the bullish pennant green for ease of...

ScotianBot Updated 

Hive has consolidated into a bullish flag over the past several weeks and is currently breaking the downward sloping resistance of the pattern to the upside. On the KST there's a noticeable bullish cross. On the RSI we're seeing higher highs and higher lows forming an Ascending Triangle. There's merit for an Inverted H&S as well, see the chart below attached.

ScotianBot Updated 

Bitcoin appears to be forming a falling wedge pattern.. On the KST it's clearly oversold and there's been a noticeable bullish cross where I've placed the blue downward pointing finger. Notice the RSI is continuously getting rejected at the blue sloping resistance of a rather Macro descending triangle, there have been multiple deviations but for the most part,...

ScotianBot

Notice how the price of Bitcoin has created higher highs but the KST & RSI are displaying lower lows, despite the deviation on the RSI there's always a rejection back into what is forming into a descending triangle The pattern could always play out bullishly, only time will tell.

ScotianBot

It appears as though the consolidation at ATH's is forming a Bullish Pennant, or, potentially an Ascending Triangle. I am leaning towards an Ascending Triangle because the horizontal blue resistance has rejected BTC numerous times during this consolidation period, but the price keeps testing that resistance, and the more a trend-line is tested the more likely...