MKBillions

MKBillions

$NORMIE, trying to breakout of this descending channel/flag it has held since March '24. Great push to the upside on this 4hr candle but looking at the RSI and MACD, I don't see Normie breaking this channel on this current run. Still bullish tho!

MKBillions

Price seems to be doing exactly what I predicted in my last few posts. I want to see a daily green candle close above the white line for me to be convinced. Link to my previous posts below.

MKBillions

Bitcoin has now broken back into the former uptrending line of support (with confirmation) it held since October 2020 (see last few posts). I would be looking to put in a long position soon.

MKBillions

Now that Bitcoin has broken out of its descending channel, I'd be looking to put in a long trade if it can get above the 42.5k region with strong confirmation, breaking back into the former uptrending level of support. See post below for more information on that.

MKBillions

In my last BTCUSD post, I informed you guys that Bitcoin needs to hold this up-trending line of support which it has held since October 2020. It's still holding that line and on the daily, it looks to be forming a double bottom. If it breaks the green horizontal line I've drawn on the double bottom, I think we'd get a nice leg up! My previous post is linked to this post!

MKBillions

The Fantom price keeps finding support on its previous bull pennant pattern. Now, it looks like it's forming a triple bottom pattern on the 4hr. I'd be looking to see price break above the white line, retest, and keep moving up. The MACD and Stoch RSI also look bullish.

MKBillions

On the 1hr chart, Bitcoin is currently breaking out of this flag/falling wedge. The MACD and Stoch RSI also indicate a bullish move incoming. My first target is the top of the wedge at almost 43k. I'm going to wait and see how this 1hr candle closes.

MKBillions

Will $ADA hold this line of support or will the descending channel continue?

MKBillions

A beautiful retest of the neckline of the inverse heads and shoulders on $FTM. If you scale down to the 4hr chart, you'd see that price has formed a potential double bottom. I see the price reaching $3.61 soon. However, note that there's a lot of resistance ahead starting at $2.66

MKBillions

This is the chart I'm watching for Bitcoin. The price has held this line well since October 2020 and it seems to be respecting it even with this current downtrend. I'd love to see price reverse on the line and this might be possible as the Stoch RSI tells us it's currently oversold and might soon have a relief rally (or real rally). I'll keep you guys updated.

MKBillions

Bitcoin seems to be forming a really nice V shape recovery after coming down to retest the previous pennant pattern it held back in October. The retest looks very bullish with the long rejection wick followed by multiple green candles. It is however important to note that Bitcoin needs to retest and break through the 53k area decisively for us to say we're back in...

MKBillions

Ethereum is still holding within this bullish pennant which it has been in since early November. This shows that Ethereum currently has a lot of strength despite this market dip. If we manage to hold this pattern and break bullish out of it, Ethereum has a great chance of moving to $5,500 really soon.

MKBillions

After breaking down from the ascending channel that it was in, BTCUSD is now consolidating in what looks to be a bear flag (more visible on the 1hr). However, it might also be a double bottom (looks better on the 4hr). The MACD is converging bullish on the 4hr and the pair also looks to be breaking the resistance at approx 64.9k. However, on the 1hr the MACD looks...

MKBillions

USDJPY looks to be in a cup and handle pattern right now and specifically in the bull flag phase (the handle). We can also see that this pattern also looks like a double bottom and retest of the neckline (white line) and a bounce off of that. I personally will wait for this one-hour candle to close before concluding if it's actually in any of these bullish...

MKBillions Updated 

Just like GBPUSD, I am also bearish on EURUSD. On the daily chart, price rallied through the descending channel but met resistance at 1.19090. It broke the ascending line of support it was following throughout the rally and plunged down to to the resistance line of the horizontal channel, failed to flip it to support and is now trending below it. Target should be...

MKBillions Updated 

Yesterday, I informed you guys that GBPUSD will push back up to 1.38450 before coming down. Now, it's back down and testing the trendline. A break and retest (rejection) of this trendline will be confirmation to enter a sell position. My first target will be around the 1.37700 zone.

MKBillions Updated 

Solana has now broken out of the bullish pennant that it was in. If you go down to the 5-minute chart you will see that it has even flipped the top of the pennant (which coincides with the golden pocket fib) to strong support. The MACD has also flipped bullish. My target for this move is 172 assuming all goes well with Bitcoin.

MKBillions

Hey guys. After meeting my prediction of USDJPY going to 112.019 (see chart below), the price has now formed a double top at the resistance level and has since made a move to support at 111.242. I see three scenarios for USDJPY in the coming days or weeks. First, it will break the support level and hit 110.150 or it will go back to resistance at 111.660 and form a...