TheCryptagon

TheCryptagon

S&P500 / US500 is trading inside a Channel Up since the August 5th bottom. Wednesday's Fed fueled correction crossed under the 1day MA50 but stabilized yesterday and today found support over the 1day MA100 and rebounded. This low is very close to the bottom of the Channel Up and the 1day MA100 was the level that supported the early September pull back. The 1day...

TheCryptagon

Bitcoin / BTCUSD has had a pull back this week but that shouldn't cloud your long term outlook. That remains bullish and even more so on the 1month chart where the RSI turning flat is a sign that the parabolic rally has only just begun. The 1month RSI is trading inside a Channel Down since the very first trading day and with this week's sideways turning, it...

TheCryptagon

Solana / SOLUSD has been underperforming since the November 22nd High, breaking even under the 1day MA50. Even though this is not ideal (especially compared to the gains that Bitcoin shows), it isn't a situation that SOL hasn't faced before. As you see it is repeating the post Channel Down correction of July-August 2023, which also crossed under the 1day MA50...

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XRPUSD is correcting violently today after Powell's remarks on just 2 rate cuts in 2025 against the previous expectation of 4. This is however still a correction within the technical limits of the huge rally that XRP had since the U.S. elections. Don't let this distract you from the longer picture. This Bull Cycle is still identical to 2017. Symmetrically, we...

TheCryptagon

Bitcoin / BTCUSD historically has an explosive price action during Christmas days of Halving years. Before every Christmas day, BTC is already on a rally that is supported by the 1day MA50, which forms a pre Christmas accumulation through a Channel Up. Incredibly enough, the rally tops post Christmas on January 8th on the 5.0 Fibonacci extension from the Channel...

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The Crypto Total Market Cap (excluding Bitcoin) has a red 1week candle last week after 5 straight green ones. This is the first consolidation that all Altcoin Cycles had in December-January months of Halving years, following the breakout over the mid Cycle bull flag. This is the time to buy heavily into altcoins. The expected cap for this Cycle is 11 Trillion,...

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Dogecoin / DOGEUSD is trading inside a Triangle pattern. This tight consolidation is getting closer to an end as a breakout should take place by tomorrow. If it breaks to the upside, buy and target 0.43500 (Fibonacci 2.0 extension). If it breaks to the downside, sell and target 0.37100 (Fibonacci -1.0 extension). Previous chart: Follow us, like the idea...

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DOGWIFHAT / WIFUSD is trading inside a Channel Up everu since the August 5th bottom. The price is right now around the 1day MA50 and above the 1day MA100, just at the bottom of the Channel Up. The 1day MA100 formed the previous Higher Low of November 4th, which was marginally under the Channel. Technically this is the best level to enter a buy, seeing also the...

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This is indeed a 'keep it simple' analysis consisting of 4 charts, each displaying a Bitcoin Cycle since 2012. There is no need to overcomplicate things, the charts are pretty much self explanatory. According to all 3 prior Cycles, BTC is on a rally supported by the 1week MA50, that is just over halfway completed. It will not peak anytime soon and may very well...

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DOW JONES / US30 is trading inside a Channel Up pattern for the past 4 months. Right now it is on a technical pullback towards the 4hour MA200, having already crossed under the 4hour MA50. The 4hour MA200 was the level that supported the previous pullback that bottomed on November 19th. Inside this pattern, every pullback corrected to the 0.5 Fibonacci level...

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Advanced Micro Devices / AMD is down -45% since their March 2024 All Time High and the market appears to be quickly losing faith on the stock. However, this is not the first time we've encountered such decline on this stock as the exact same Channel Down that had a drop of -42% also took place during the previous Bull Cycle. In fact this is what we called the...

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Ethereum / ETHUSD is attempting a bullish breakout over the Falling Resistance that is in place since the very start of the previous Bear Cycle and the November 08 2021 Top. A 1week candle close over it, confirms the high probability of a parabolic rally breakout. Technically based on the time period were in, the October-December rise, is almost the same as the...

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Dow Jones / US30 is following very distinct and easily recognizable patterns over the years and decades and this chart gives you the complete picture since the 1930s and the Great Depression. We are currently well underway inside the Bull Cycle, which is the market's 3rd major these past 100 years. With the support of the 1M MA50, this Bull Cycle (via a Channel...

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Bitcoin / BTCUSD closed November with the 1st convincing break out 1month candle over the ATH of the previous Cycle. According to the previous two Cycles, such breakout candle gives another 4 months at least before the rally peaks and corrects. The previous Cycles peaked 11 months from the breakout candle and the Cycle before that peaked in 7 months. This means...

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Dow Jones / US30 is on a long term bullish pattern on a Rising Support that extends all the way from the August bottom. The U.S. elections initiated the most recent rally that has now transitioned into a consolidation Channel Up. Similar such patterns in the past gave one final High as long as the 4hour MA50 supported. Buy and target 45365 (+2.50%...

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WTI Crude Oil is trading inside a Channel Down on the 1hour chart. The price almost hit its bottom and is already on a 4hour rise. This is technically the new bullish wave and all prior inside the Channel reached the 0.618 Fibonacci. Buy and target 68.50 (Fib 0.618). Follow us, like the idea and leave a comment below!!

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Gold / XAUUSD is trading inside a Channel Up since November 25th on the 1hour chart. At the moment it is on a Bull Flag, which was part of both prior bullish waves. The 1hour RSI just crossed under its MA and on the next lower low, the price should have already bottomed. Buy and target 2669, which is the 1.618 Fibonacci extension (the last Higher High of the...

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EURUSD confirmed a bullish break out after crossing over the 4hour MA50. The emerging Channel Up turned the MA50 into the Support that is expected to extend the bullish trend. The last time this happened was on October 29th and the uptrend extended all the way near the 4hour MA200 and hit the 2.0 Fib. The RSI fractals are identical. Buy and target 1.06700. ...