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Bullish Pennant

Log channels of bitcoins entire history suggest serious upsideIm seeing confluence of last bull market cycles potential pennant target(yellow dotted line) and the current bitcoin cycle flag’s measured move line (purple target). Now I’m not suggesting that we will definitely reach this target level on the current bull market, as we have already seen this was a target from the pennant we broke up from during the last bull market and have already had a bear market since then before getting anywhere near the target, so there’s a solid chance we could see another bear market before finally reaching this target in the bull market after the current one. However considering the bitcoin etfs have led to such an exponential increase in institutional buying, there’s also still a decent probability that we could somehow hit this target during the current bull market. A safer bet is probably somewhere around 120-140k imo,then again if we have a massive correction here thats larger than the average 30-40% corrections we usually have during bull markets maybe that could help reset the health of the market to prolong it and allow it to reach higher heights.Hard to say. Either way I wanted to post a copy of this idea while I have it charted so I can look back it later to see how price action responds to these channel trendlines once it reaches them. If somehow e do reach the full target of the current bullflag we are breaking up from we could see anywhere from 300-320k the dotted blue line I included is for if the previous bull pennants pole is actually the fully extended price impulse, if so i am almost certain it will take at least 1-3 more bull markets before we would reach the full dotted blue line. I also have a monthly char that shows key channels that connect the previous few bull and bear cycles tops and bottoms but not the entire history like this one does and those channels would only allow for about 140-150k top in 2025 if we were to stay inside of them….if we broke out of them that’s when the targets shown here then start to become more of a reality in the current bull run. Until then I won’t expect anything above 140-160k and more realistically probably 120k range. Still worth posting this to eep a better eye on it. *not financial advice*
INDEX:BTCUSD
by DrDovetail
2
A quick reminder about the previous Wedge/Pennant on Total chartSo I started charting this pattern in 2022 it was a falling wedge but on even larger time frames I realized it was not just a falling wedge but a bullish pennant as well. We broke up from this pattern all the way back at the beginning of 2023 and as you can see here on the monthly chart, price action did what it usually does once it breaks up from a large timeframe wedge and we are already well on our way and have unquestionably validated its breakout. What struck me as astonishing about ths pattern was that its measured move target was all the way up around 17 trillion. However not long after charting the target, maybe a couple months at most, news broke I think possibly via Forbes that Black Roc was saying 15 trillion in liquidity was going to be soon flooding into the crypto markets. When I read this it suddenly made the 17 trillion target make perfect sense. Now that we are seeing these ETFs cause huge pumps week after week I wanted to kind of repost a slightly cleaned up rendition of the previous version of this chart I posted to make it slightly easier to keep an eye on price action as it continues its way towards such a massive target. Also to remind people that this is where we are heading. Interestingly enough, another bull pennant we broke up from on the larger timeframe logarithmic chart also had this exact same target as its full measured move. So I suppose there is a chance that since it will take 2-3 bull markets for that previous bull pennant tor each its fulll target tat ts possible for this current pennant to not reach its full target in the current bull run but instead the very next one. However at the parabolic pace and momentum we are starting to gain thanks to spot etfs, it’s very very plausible we can reach 17 trillion on the current bull run. I will be keepin a close eye on this target, the pi cycle top indicator, and my pitchfork of channels that tie multiple cycles tops and bottoms together for the best signal of when the top is truly in. *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
The 1 month Linear Chart’s wedge target is nearing I just recently posted about the logarithmic wedge which is also a bullish pennant and how it will take us much higher, but also wanted to post a chart with an update of the other wedge we also broke up from back at the beginning of 2023 (shown here in pink). It has now been a little over a year since the breakout of this monthly time frame pattern and like clockwork the price is doing exactly what I had anticipated it eventually would all the way back then. We can see price is now nearing the wedge target of 2.493 trillion for the total crypto market cap. This is the next zone to watch where we could potentially experience some sort of correction after reaching. I went ahead and also included the flagpole of a pennant that is better visualized on the weekly chart and it is telling us that eventually we should also reach its target of 3.436trillion as well. Odds are very good we will see consolidation in between the 2 targets. Being a 1month pattern, that is why it took so many multiple months to get close to reaching this first target, and it can also take several more months before reaching the next higher target is well even though they both broke out at the same time. Looking forward to pressing play on this chart a few months from now and eyeing the price action inch closer to the top target. *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
SUPER ANALYSIS🔴 #SUPER Analysis : ❓❓ 🔮There was a formation of Bullish Pennant Pattern in #SUPER and breakout the pattern with good volume. We may see a rise in #SUPER📈📈 🔰 Current Price: $0.9097 🎯 Target Price:    $1.1652 and more ⚡️What to do ? 👀Keep an eye on #SUPER price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #SUPER  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
I Cannot Short This !!! Hi every one ➡️SOL has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which SOL is in, Is a Bullish flag Pattern ! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement ( Flag pole ) to happen! 🟡 Summery: - SOL has been Bullish Recently! - The odds of another Bullish Movement is High! - Bullish flag is Visible on The chart! - No break out yet! - Bullish Divergence 🤑 Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️ Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
6
I Cannot Short This !!! situation+next targets.Hi. COINEX:LSKUSDT -has formed a bullish pennant pattern on the 4-hour timeframe. -A breakout above descending resistance could lead to a pump higher🚀 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
XRP Long Term Bullish OutlookCRYPTO:XRPUSD long term is very bullish. I measured that we will hit the target profit $27 around early to mid 2025 based on the previous 1 year pole. You can see the formation of rally-consolidation-rally with a bullish pennant consolidation. RSI is looking good too, i'm certain it will close with a crossing but you can wait until december closing to make sure. Also outside of technical analysis, xrp or ripple is very good fundamentally and narratively. The narrative of CBDC will be major if the world government implement this globally, i think it will be implemented in 2024 or 2025. It's best to buy XRP now.
CRYPTO:XRPUSDLong
by UnknownUnicorn25768508
20
⤴️⤴️GPBUSD) bullish on the market) analysis)🖼️🚀The dollar crept higher on the first trading day of the year as attention turned to economic data this week that may provide clues on the Federal Reserve's next moves, while bitcoin surged ahead of $45,000 for the first time since April 2022. The dollar index DXY , which measures the U.S. currency against six rivals, fell 2% in 2023, snapping two years of gains. It was last at 101.44, up 0.059%, as investors weighed the prospect of the Fed cutting rates this year. The dollar's ascent weighed on the Japanese yen USDJPY the most, with the Asian currency down 0.35% at 141.36 per dollar, having slid 7% in 2023. Rescue teams in Japan on Tuesday struggled to reach isolated areas hit by a powerful earthquake on New Year's Day, with reports of more than 20 people dead in a disaster that toppled buildings and knocked out power to thousands of homes. Markets are now pricing in an 86% chance of interest rate cuts from the Fed to start from March, according to CME FedWatch tool, with over 150 basis points (bps) of easing anticipated in the year. "The question is when and how fast rate cuts will be delivered," Marc Chandler, chief market strategist at Bannockburn Global Forex, said in a note. "Moderating price pressures and weaker growth impulses have seen the pendulum of market sentiment swing dramatically from the 'higher for longer' mantra of most of last year to pricing in aggressive easing" from central banks, Chandler said. The focus now switches to a slew of economic data due this week, including the data on job openings and nonfarm payrolls. Minutes from the last Fed meeting in December are scheduled for release on Thursday and will provide insight into the central bankers' thinking around rate cuts this year. "The positive sentiment from end-2023 may roll over into this week as all eyes turn to the U.S. jobs report on Friday," said Nicholas Chia, macro strategist at Standard Chartered. At its December policy meeting, the Fed adopted an unexpectedly dovish tone and forecast 75 basis points in rate reductions for 2024. That contrasted with other major central banks, including the European Central Bank (ECB) and Bank of England (BoE), which reiterated they will hold rates higher for longer. Still, traders are pricing in 158 bps of cuts by the ECB this year, while the BoE is also expected to cut rates by 144 bps in 2024. The euro EURUSD was down 0.13% to $1.103, inching away from the five-month peak of $1.11395 it touched last week. The single currency gained 3% last year, its first yearly gain since 2020. Sterling GBPUSD was last at $1.2729, up 0.05% on the day, having clocked its strongest performance last year since 2017 with a 5% gain, although a weakening economy and election uncertainty make a repeat performance unlikely. Elsewhere, the Australian dollar AUDUSD was up 0.35% at $0.68335. The New Zealand dollar NZDUSD was little changed at $0.63155. The crypto world started the year with a bang, with bitcoin BTCUSD touching a 21-month peak of $45,532 on rising expectations that the U.S. Securities and Exchange Commission would soon approve exchange-traded spot bitcoin funds.
Long
by SMC-Trading-Point
🚧ICXUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi every one ➡️ICX has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ICX is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! 🟡Summery: -ICX has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pennant is Visible on The chart! -No break out yet! 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1