Pattern: Double Top on 4H. Signal: Short. The rejection calls for a support test. Target: 103.00. The most recent bottom before the Double Top.
Pattern: Descending Channel with trigger Lower Highs. Signal: Short near the next Lower High (marked by the Channel Up). Target: 3170 (1% added on ever Lower High drop).
This chart incorporates the Bitcoin's market cycles inside the parabolic shape factoring in the halving effect. The halving has so far occurred after the bottom of each market cycle was made so based on that (next halving May 2020) the new bottom should take place inside this February - April. What is even more important than that is the lengthening of each...
Pattern: Bullish Channel on 1W. Signal: Bullish. 1289 and 1297 being the Support Zone. Scenario 1: Following the Blue Double Curve inside the Channel Up. TP = 1334.50. Scenario 2: Folliwing the Green Arrow diverging from the Channel Up. TP = 1345.00.
Pattern: Channel Down on 1W. Signal: Bearish on identical fractal recognition. Target: TP1 = 1.13500, TP2 = 1.11700.
This is a common comparison of the original store of value: Gold, to the digital store of value: Bitcoin. Their consolidation periods after their all time highs display common wave patterns and a similar behavior that resulted into successive lows. Bitcoin has very recently made its first new low and is now accumulating positions (Triangle) for the next. If...
This is another self explanatory chart that examines the common features between Silver's bear market since the near $50 peak and Bitcoin's current bear market since the near $20000 peak. The frames are on a different time scale but serves best the purpose of this comparison. Common features: Descending Triangles on both that broke down to a lower level followed...
The chart is self explanatory, in a few words a comparison between how the 2014 - 2015 bear market reached its bottom and the similarity with the price action at hand. Based on that comparison, December's 3150 bottom was a temporary one much like the 278 during 2014 - 2015. A maximum peak at 4600 is to be expected followed by the final blow of -65% for a 1600...
Pattern: Channel Up on 1D. Signal: Long as it approaches a Higher Low. Target: 11250, the last high and current resistance.
Pattern: Kiss of Death on 1M. Signal: Bearish. Target: 2300. This is a typical bearish pattern. The price falls below the 21EMA and revisits the line from below, "kissing" it and getting rejected. In 2014/2015 it bottomed after a -61.27% fall. The same degree puts the bearish target/ bottom at 2300. The duration of the 2014/2015 pattern until the time it broke...
Pattern: Channel Down on 1W. Signal: Short as the price reached the Lower High of the inner Channel Down. Targets: TP1 = 1.2720 and if the price then pulls back and is again rejected then TP2 = 1.2500.
Pattern: Identical fractals. Signal: Short as the pattern is approaching its completion. Target: 3450, which is also the Lower High of the 1D Channel Down.
Pattern: Channel Up on 4H. Signal: Long as the pattern is approaching a Higher Low. Target: 143.000, which is the estimated next Higher High.
Pattern: Channel Up on 1D. Signal: Buy as the Channel Up made or is close to the Higher Low. Target: 1.14700 (the 4H resistance zone)
Pattern: Channel Down on 4H. Signal: Bearish after the Lower High at 1.69380. Target: 1.67350 (above the support lines).
Pattern: Channel Down on 4H. Signal: Bearish after an ideal set up of Lower High and Lower Low. Attention and SL needed as above 0.71889 the Bullish Gartley may prevail. Target: 0.71254 just above the 0.71167 - 0.71227 Support Zone.
Pattern: Rectangle on 4H. Signal: Scalping within the soft Support - Resistance range (10808 - 10955). Hard range (1077.50 - 10990.50) can be also considered by those who seek maximum profit but on greater risk. Target: Short TP 10820, Long TP 10940.
Pattern: Head and Shoulders on 1D. Signal: Long as the pattern touched its neckline and is preparing to complete the right shoulder. Target: 142.50 which is a 4H resistance.