lauralea

Price has fallen below the descending triangle.It appears price was in a rectangle like structure and then the upper trendline began sloping down due to lower highs.No recommendation/Volatile so this could bounce at anytime I suppose. Former support line of the triangle is now resistance.One by one the stars will all go out/be safe

Possible stop below 1420.Target is DNo recommendation

Not looking so good right now )o:Possible bear flag after a break to the downside from an ascending triangle.Something needs to change or this may be in trouble )o:On Balance Volume is very low.Volatile and may be a bumpy ride.No recommendation.

Possible stop under handle low or where you see support.Price has not reached long entry level (EL).Price must surpass the high on the left side of the cup (sell side of the cup).Targets are calculated using the depth of the cup and fib levels.Any pattern can fail and sometimes price does not make it to long entry level in the foreseeable future.)o:I double checked the small channel up and it does not appear to be narrowing which is a good thing.The 20 DMA has crossed up through the 50 and the 100.No recommendation.Do your own research. It is better to walk alone than beside a fool. )o:

Price is below the neckline.Flag like structure trying to form at the end of the last leg down. A flag, if it is indeed a flag, is a neutral pattern unless a trendline is broken with a trend in that direction.I suppose a lot depends on the market this week.Target 1 has been met. This level could act as future resistance.No pocket pivot (footprint) noted at bottom of last leg down..Looks like a longer term short with rallies on the way to it's final destination.No recommendation.One thorn of experience is worth a wilderness of warnings.

Possible bounce soon. Price is below the bottom Bollinger band and is oversold.Oversold conditions can go on for an extended period of time. There is confluence near the .886 if price goes that low. This level is close to a 100% fall from the H&S pattern.Target 1 to the downside has been passed.No recommendation/Short until bottom is found.

It appears BTCUSD is in a small descending triangle today which I hate to say, resembles a Bear Pennant which is similar to a Bear Flag. BTC looks to be battling the resistance of the top trendline of this triangle/flag or whichever you choose to call it. Both have a bottom trendline that is support unless broken. The top trendline is resistance and BTC has not broken through it. It looks more like a Bear Pennant to me but it is still a neutral pattern until a trendline is broken.Pennants/Flags are a neutral patterns and it is possible to break to the upside even though most folks think of these as bearish and opposite of a Bull Flag. A Bear Pennant and Flag begin with a sharp move to the downside which forms the pole. IF this pattern breaks to the downside, the pole is on the long side. Some guesstimate targets of pennants and flags by extending the length of the pole to the downside, but price may not fall 100%. Price can fall more or less than the 100% level.Targets for a rectangle can be guesstimated by measuring the width of the rectangle and projecting that number from the trendline price breaks through. A trend in that direction is also a plus before entering a short or long from a Flag or a Rectangle.The green dashed lines are fib levels of the entire trend up, or the impulse wave. BTCUSD has passed the 50% retracement of the impulse wave up.A Doji is a candle of indecision. A LL (long legged) doji is also a candle of indecision and can sometimes point to support with it's bottom shadow.Even the 200 DMA is sloping downNegative Volume remains high. Most know this can be a volatile security.No recommendation.Be safe//LauraWinning can be playing a poor hand well (o:6/5 Price appears to be in a tight consolidation phase, which does not show on this chart as it was posted over a week ago and it is like a photo that does not change once it is posted.Price did break through the resistance trendline of the triangle structure but the move was not sustained. There are now 3 small green candles that have not broken the resistance of the red candle 4 days ago.Counting back to 8 days ago, I see a nice green candle. Price made an attempt to go even higher. A spinning top/doji formed representing indecision. A decision was made with a red candle that is acting as a source of support for now. Price seems to be teetering for now. and is consolidating.It feels like price wants to bust a move right now and I have the feeling it will be a decisive move in one direction or the other. The question being, which way will price break?

Volatile so giving your stop some room under price may be a good idea.Big Bullish Shark which landed on the 0.886 but the shark can also complete at the 1.113. Small Bullish Bat that landed at the .886 noted. The alternative Bat lands at the 1.113. The 2 patterns have this in common. However there are other differences being peak 2 is lower than peak 1 on the bat and peak 2 is higher than peak 1 when looking at a shark pattern When you see a crooked M with peak 2 higher than peak 1, you may be looking at a cypher or a shark.Price is over the 50 day SMA and is also over the 20. The 20/blue is on the rink of crossing up and through the 50/orange. The 50 is sloping up.The alligator consists of short term averages and responds to price much quicker than the longer term moving averages. William's Alligator (red, white and blue) looks bullish and is pointing up.No recommendation.Larger type are targets 1 and the smaller type are targets 2 if targets 1 are surpassed.CMF is positive at this time.The beautiful thing about gambling is that everybody thinks they can play. (o:4/3 The 200 DMA/red/appears to be causing resistance as of late

Possible stop where you see support.Price landed at the .886 for a very brief time with a candle tail.Price broke up for now from what appeared to be another bear flag.No recommendation.The bear flag pattern highlights a trading environment where the supply and demand balance has shifted badly in one direction of the market (supply > demand). In turn, this will produce very little upside retracement, which allows the flag structure to take shape. After the initial selloff, people who missed the train will panic and begin selling. More people will sell it during the flagpole stage.During the pause or the narrow consolidation, people wait to get a higher price so they can sell. But since the supply and demand equation is so imbalanced, this won’t happen. We get another smash that will make many people chase the move to the downside again.This one needs to stay above the flag structure and Not go back inside of it.If you are bearish or bullish long enough, you will eventually be right.

Crossing my fingers.See earlier posts on BTC for more detailed explanation on the chart.Possible stop where you see support. The 50 SMA is stabbing price today. Price needs to stay above the flag like structure below it.Price has met long entry level.No recommendationhopefully the top trendline of the bear flag that BTC broke up from will hold as support/2-18