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Although HBAR's weekly candle closed above a trendline, lower timeframe charts indicate some caution. Failing to break out the orange-dotted trendline, its bullish momentum shows signs of waning. Here, my automated indicator detected a bearish dragon pattern formation. A breakdown from the red trendline will bring it to the edges of the white, blue (most...

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After a historic rise of over 700% from the recent bottom, HBAR has retraced from around 40 cents, corresponding to the 0.618 fib extension level to its all-time high. Whether this constitutes an Elliott Wave 4 or not, it forms a parallel channel. Parallel channels often suggest complex corrections, so this could be labeled as WXY or WXYXZ unless it clearly...

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Hedera Hashgraph (HBAR) is showing notable strength with historic high volumes, aligning with my previous long-term bullish outlook: However, some pullback around the April 2024 high could be expected in the short term, although there remains potential for further upward movement earlier next week. Should a significant retracement occur, targets could be...

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Bitcoin (BTC) is currently experiencing a retracement from the 100k resistance level, marking the first time since breaking out from the previous 74k high that it has printed consecutive lower lows on the 4-hour timeframe. A significant ascending trendline (red) has been broken, suggesting a further decline even if BTC rebounds at this level. However,...

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I must admit that the bearish prediction for Bitcoin and the entire crypto market has been completely invalidated. I now consider the 130k-140k scenario for BTCUSD, which I suggested as a candidate in my previous analysis, more likely. Previous Analysis: With President Trump's re-election, the crypto market is in a good position fundamentals-wise. On that...

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After a while, here is the BTC Momentum Tracker series again. For those new, please refer to the previous articles: (Tutorial) (Most recent installment) I refracted to the fact that it may have lacked precision, so I've changed the HELIO (Highlight Ext 'l Indicator Orders) Signal indicator algorithm that compared Momentum Tracker data to obtain past...

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This is basically a repeat of the previous article: which references: Bitcoin(BTC) is forming a so-called Bearish Dragon pattern. The image shows this asset has declined after the pattern formation in the 4-hour and daily charts. My automated indicator identifies this pattern based on the relationship between highs and lows and by comparing several...

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This is the daily chart of Bitcoin (BTC). It shows Bollinger Bands (yellow), parallel channels, MACD bands, Ichimoku clouds, etc. The daily and weekly clouds converge, and a C-Fork intersects around the blue box area, making it difficult for sellers to break through in one go. Although we may see some rebound from today's dump in the short term, the 58k level...

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The white horizontal lines represent swing highs and lows based on closing prices, the maroon and green bands represent FVGs, and the orange diagonal lines represent C-Forks. The three moving average curves placed in the center of this chart quantify momentum. Additionally, the thick yellow lines indicate levels derived from regression analysis, and the blue lines...

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Do you remember this chart? www.tradingview.com( It was one of the most successful analyses in my history, predicting support and resistance levels with the accuracy. In technical analysis, there is a pattern known as the Dragon Pattern, which follows a trendline break with confirmation of double tops or bottoms. Using my custom indicator, I have made it...

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Following the recent sharp decline, the solid downtrend will likely continue if we don't see a strong recovery just as our scenarios suggest, in which case we should pay attention to the price action in the 57.5k-54.5k level, marked by one of the green boxes. The HELIO Signal has been updated and supports the forecast mentioned above. For more details on this...

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Welcome to the third installment of the Momentum Tracker series. If you're new to the concept of "momentum" as I use it, please refer to the following link: This time, let's take a look at the longer-term 3-day chart. The bars with a yellow background indicate those where the momentum components' relationships were the same as the most recent bar. The...

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Welcome to the second installment of the Momentum Tracker series. As mentioned in the tutorial article below (if you’re new, please refer to this as well): The Momentum Tracker allows for various technical analyses and indicators to be applied. Here, let’s apply the Stochastic RSI to the Total Momentum. The Total Momentum calculation uses RSI, which normalizes...

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I see the Elliott wave count on this 4-H chart as the second wave being a complex corrective pattern, whether it's "2," "B," or possibly "X." Regarding the broader context, we are in a daily downtrend according to Dow Theory, and we recently experienced an impulsive decline to 49k. Bearish momentum still dominates, but we might see bullish and total momentum...

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In the previous tutorial article, we introduced the Momentum Tracker: Let's use it to look into the price chart right away. You'll quickly notice that the yellow box on the right side where the current candlesticks are located closely resembles the yellow box on the left. On the left side, the price dropped along the blue support line and then rebounded,...

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I'm starting a new series called "BTC Momentum Tracker." The reason for this is that I've developed an indicator that captures the somewhat abstract concept of "momentum" in a way that I believe is quite sound. It breaks down momentum into bullish and bearish components and allows us to derive the MACD and its signal and various geometries if we want. While many...

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Regardless of whether the retracement from the recent drop has concluded, BTC remains in a daily downtrend, trading along the green channels. The 62k level is the 0.618 retracement from the low, so it's not surprising if we see a reversal here again. While the breakout should have established the 58k zone as a support level, I expect it to eventually break...

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During this "Black Monday," Bitcoin experienced a dramatic drop. Let's examine one of the familiar "Flat as the Fourth Wave" scenarios often discussed among Elliotticians during downturns in recent years. Please consider this a theoretical exercise. Not so many people seem to draw trendlines on monthly charts, but when you do, you'll notice that Bitcoin has...