Pattern: Ascending Megaphone on 1D. Signal: Bearish after the price was rejected on the 1W Resistance. Target: 1.2900 (-3.36% pull back based on previous Higher Low).
Pattern: Channel Up on 1D. Signal: Bullish as the price is close (-3.35% pull back) to making a Higher Low. Target: 2.9765.
Pattern: 1D Channel Up. 1W Resistance/ Support. Fibonacci levels. Signal: Bearish after the price was rejected on the 1W 2820 Resistance and the 1D Channel Up broke the Higher Low. Target: 2700 (2630 only if the correction to 2700 takes place inside 1 week).
Pattern: Fibonacci retracement to 0.786. Signal: Bearish after identifying a similar fractal on the previous 1W Resistance/ Support levels. Target: 109.000 (just above a -2.92% pull back).
Pattern: Fibonacci retracement to 0.382. Signal: Bullish as a similar fractal points to a bounce on a -4.61% pull back from the top. Target: 1345 (the previous top).
Pattern: Channel Up on 1D. Signal: Bullish after the 1M Channel Down broke to the upside. Target: 67.000 (the next level of resistance).
Pattern: Descending H&S. Signal: Bullish. Target: 0.465000.
Pattern: Channel Up on 1D. Signal: Bullish after shift on ABCD pattern and break of the 1M Channel Down. Target: 13.50.
Pattern: Resistance break out. Signal: Bullish. Target: TP1 0.2900, TP2 0.3980.
Pattern: Channel Down on 1D. Signal: Bullish towards a Lower High. Target: 0.2800 - 0.30000.
Bitcoin is essentially trading sideways. This is mostly because the 1W MA200 offers a strong support and every time the price approaches it or tests it, buying pressure starts. MACD gives a quite clear Bullish/ Bearish Signal pattern and as seen on the chart, BTC is currently on the bearish phase. Bearish but of course still within the consolidation range...
A Total Crypto Market Cap chart with the 1W MA20 showing the points of pressure/ contact and the subsequent action. Three contact attempts (red arrows) with the MA20 resulted into a rejection but the third has been the key as it took place after the bottom. This signals the start of the consolidation period that lasted 31 weeks. The next contact resulted into a...
Pattern: Channel Up on 1D. Signal: Bullish coming off a Higher Low. Target: 0.56000 (estimated Higher High and Resistance).
Pattern: Channel Down on 1D. Signal: Bearish since the pattern made a Lower High. Target: 1.13370 (short-term), 1.12690 (medium-term).
Pattern: Channel Up on 1W. Signal: Bullish after since pattern made a Higher Low. Target: 9.1000 (just below the +8.80% extension).
Pattern: Rectangle on 1W. Signal: Bearish if it tests the Resistance again. Target: 3.705.
ICON is on the verge of a bullish break out. It is approaching both the final 1D Resistance and the Lower High of the 1M Channel Down. I am looking to buy on the break out of this level (0.365000). Target: 0.50000.
Theta is near the end of its extraordinary bullish run and the massive +290% gains. The 1W Resistance is calling for a sell at or just above it. I am looking at a 30% - 40% downside from there. Targets: 0.12300, 0.10500.