nagihatoum

nagihatoum Updated 

Since June, BTC has been squeezing within a descending triangle, a pattern inherently bearish in its character. Nevertheless, a noteworthy bullish shift in momentum has transpired across all time frames. The price tested the upper resistance boundary of this triangle and broke through on the lower time frames. It is to be seen if this is just a deviation. On...

nagihatoum Updated 

Bitcoin formed an immense falling wedge in the year 2022. On January 16th 2023, price broke out of the wedge and retested it. Just following conservative falling wedge measured moves, price target is at 48.3k. 48.3k is the last time price touched the resistance of the falling wedge prior to its breakout. The 48.3k level line intersects the 0.7639 of the log fib...

nagihatoum Updated 

I created this Gann fan is July 2020 and it is still holding perfectly. You can see 4 month of consolidation on the Gann support and the RSI breaking out of the downtrend. The next Gann fan resistance and horizontal resistance confluence is at 15.7, the same prediction I did in July 2020.

nagihatoum Updated 

XRP has successfully broking above the C-fork and 45 degrees Gann fan line, momentarily testing the resistance of the horizontal range at 0.5494 and retracing. The price has maintained its position above the midline of the descending channel. This is potentially bullish. the midline of the descending channel is also the neckline of an inverse head and...

nagihatoum Updated 

BTC has exhibited significant volatility in recent days, breaking out of a descending monthly channel and forming a bullish C fork pattern. The price has remained within a defined range since march 2023, with a mid-range point at $28,000. $28,000 marks the convergence point of several technical factors, including an ascending channel, the second leg of the C...

nagihatoum Updated 

bullish engulfing candle printing on the weekly in 18 hours. Price bounced of the multi year log curve support. RSI broke out of the descending trendline with heavy weekly bullish divergence. 2021 year's open is first target.

nagihatoum

The monotonous price movement could soon come to an end, as we anticipate increased volatility when the price breaches the Fibonacci circle. While my inclination leans toward further upward price action due to the breakout from the long-term descending wedge, it's worth noting that recent price action has been lackluster. The Bollinger Band Width, expressed as a...

nagihatoum Updated 

BTC has formed the renowned Livermore cone, which brought immense success to one of the most accomplished traders in history, Jesse Livermore, earning him $100,000,000 in the 1920s. The Livermore cone represents an ascending widening cone pattern. A breakout to the upside typically results in a blow-off top. According to Jesse Livermore, the measured move of the...

nagihatoum

Despite the current unfavorable outlook, taking a step back and examining the larger time frames reveals several bullish patterns that suggest a potential rise in price in the future. Over the extended period, price action has conformed to an upward channel since 2020. This upward channel's legitimacy is substantiated by numerous pivot points aligning with its...

nagihatoum Updated 

DXY has been experiencing a downtrend since October 2022. Usually, crypto is negative correlated to DXY. A bull run should have been initiated in November 2022 but the FTX Ponzi collapse artificially brought crypto down. Sam Banksman Fried aggravated the crypto dump by shorting first USTD and then ETH with customer deposits in order to salvage his Ponzi. Sam...

nagihatoum Updated 

Bounce of multiple supports including the channel connecting 2015 black swan wick, 300 weekly ema that supported the 2019 black swan wick. Puell multiple indicator gave a bottom signal the second time. Market dumped after the first Puell multiple indicator bottom signal because of the FTX market manipulation. All market manipulations, in this case FTX shorting ETH...

nagihatoum

One significant challenge to the US dollar's dominance in the global economy is the growing trend of de-dollarization. Many countries are seeking to reduce their dependence on the US dollar for international trade, investment, and other financial transactions. One reason for this trend is the use of economic sanctions by the US government to contain geopolitical...

nagihatoum

XRP has multiple bullish pattern breakouts: The descending falling wedge with a measured at 0.91. The triple bullish C-fork break out, with a measured move at 0.5 and 0.91. Descending triangle breakout with a measured move at 0.55. The ideal long entry would have been at range support, but if price breakout of range then the next targets are mid range at 0.7,...

nagihatoum Updated 

A macro bottom or a micro bottom, it is to be seen. Currently price action is printing a diamond reversal pattern after forming a C fork. Break the C fork and the measured move of the diamond is 28.9k. The bear market since march 2021 has been a series of ABC waves. The latest ABC wave terminated at 15.4k inside the diamond reversal pattern. The cvd has broken...

nagihatoum Updated 

After breaking out from an one year descending trendline and after printing a diamond reversal pattern, price finds itself above the 4H 200 ema and getting supported. Above the 4H 200ema, Price is technically bullish. Currently price is forming a bull pennant. The measured move of the bull pennant is 20k or the 1.618 fib of the impulse. The CCI is in an...

nagihatoum

I did this chart in November 2021 and expected a black swan event but the market ended doing a slow painful decent in a downward channel . However, the ratio touched support at 9.64 as predicted and I expected the market to flip bullish afterward. But Sam Banksman Fried's shorting the market with FTX customer deposits to save his Ponzi dropped the market below...

nagihatoum

This is a fib circle that I drew in 2019 and titled it "BTC by the end of 2020". It predicted two paths, euphoria and depression and the euphoria path won. Now I predict two paths based on the same fib circle and Gann fan. This time I don't predict a drop until 48k. Based on my other ideas linked below BTC still moving up for a while. 48k is the measured move of...

nagihatoum Updated 

BTC broke out from the long decending channel in January after a 30% pump. Currently price is retesting the long decending channel and printing an inverse head and shoulders pattern. I expect side way consolidation to trap shorts and gain fuel for the next pump to 28k. The measured move of the inverted head and shoulders is 40k. But I can see price reaching 48k...