Pattern: 4H Channel Up. Signal: Bullish as the 0.5 Fibonacci retracement level was crossed and is headed to 0.618. Target: 1345. Long term overview:
Pattern: Triangle on 4H. Signal and Targets: Bearish if the Triangle breaks downwards (TP 110.245), Bullish if it breaks upwards (TP 112.500). *Note: First time on 1D that the pattern makers Lower Highs instead of Lower Lows. This enhances the potential of a bearish break-out.
Pattern: Ascending Triangle on 4H. Signal: Bullish after a Low was made. Target: 15.5000 (the 1D Resistance).
Pattern: 4H Channel Down. Signal: Bearish if the pattern breaks downwards like in the previous sequence. Target: 145.400 (where it meets the Higher Low support of 1D).
Pattern: 1D Ascending Triangle. Signal: Bullish after a bounce on the Higher Low. Target: 0.6900 primarily and if another pull back occurs then 0.69200.
As BTC gets closer to the essential MA200 test supported by the MA1400 on 1D, I have come across a new support level level, which has been missing from key analyses out there. It is known that the Halvings historically signal the start of the new bull market on Bitcoin that escalates into a parabolic run. What we have been missing is that since the Halving the...
Pattern: 1D Channel Up. Signal: Bullish if the Higher Low sequence on 4H holds. Target: 14.2500 (4H Resistance).
Pattern: 4H Channel Down. Signal: Bearish only if the 1D Higher Low support line breaks downwards. Target: 4.1500 (1D Support).
The symmetrical 1D Channel Up is close to hitting the 4190 target but more significantly to meet the MA200 that has been holding the bear market in place. This is a very important benchmark for Bitcoin as any break above this level technically signals the end of the bear market. High significance 2 - 3 weeks ahead of us.
Pattern: 1D Channel Up. Signal: Bearish after the pattern made a Higher High. Target: 1.3110 (the inside supporting trend line of the Channel Up). The long term Brexit effect on GBPUSD:
A symmetrical patten has been identified that historical leads to near all time high levels. 1W is on Higher Lows. The signal is bullish with TP = 0.000228.
Pattern: 4H Channel Up within a 1D Ascending Triangle. Signal: Bullish on the Higher Low zone. Target: TP1 4100 (Higher High) TP2 4190 (Ascending Triangle Resistance). The previous buy call within the Channel Up: My long-term approach:
Pattern: Ascending Triangle on 1W. Signal: Bullish as historically the break-out of the pattern results into a big rally. Target: 50.00 (+700% rise).
The question on everyone's mind is that: "Are stocks overvalued right now or not?", "Is a major crash coming or we've seen the bottom and we're going for new all time highs?". This is a hard question to ask. I try to approach this matter using the Great Depression as my basis point. Using the Pitchfork tool on the Great Depression, four very distinct ranges are...
Those who are into fractals will love this. The RSI on the 1W Altcoin Market Cap (ex BTC) is posting a similar sequence to the November 2014 - March 2015 price action. The small dip that followed gave way to the start of the bull market on Alts. Is this an early buy signal on Alts? Are we just 2 months away from the new bullish explosion of the...
Pattern: Channel Down on 1W. Signal: Bearish since the price is near the pattern's Lower High. Target: TP1 11215, TP2 11050. *Note: The same pattern took place in 2015/ 2016. After the 5th wave on the Lower High the index pulled back to its 0.5 Fibonacci and then broke the Channel upwards.
Here I have put together the time-line of the Brexit related events and how those affected the price of GBPUSD. GBPUSD was rebounding on its 7 year support zone when the Brexit vote took place, causing a lash crach on the pair. The pair's strong bullish technical inclination (mixed with hopes of no Brexit) made it rebound again following the vote. It reached...
Pattern: 4H Channel Down. Signal: Bearish as long as 26000 is intact. Target: 25055 (1D Support).