This weekly BTC Dominance chart shows a clear break of uptrend and retest. The Bearish Butterfly Harmonic hit the 382 and 618 targets followed by checking back to optimal reversal zone. With where we are economically in 2021 there is something to say about this alt season that will be like no other. While the market has already been insanely bullish, over the...
follow up on yesterdays analysis. it appears Bitcoin has positioned itself even stronger to hold and breakout.; Still not confirmed until weekly and monthly close in a couple days. the confidence of taking a long position is growing by the day.
Bitcoin is currently at war fighting to hold the low while attempting to break its down trend. just closed a wild daily with and 18% swing. opened yesterday losing 8%, then running up 18% from the low only to close up 3% on the day. one of the largest indecisions it has ever printed on daily. holding higher low on daily with major time scale closes ahead on...
BTC potential trend change illustration and directional forecast using emoji imaging
90 day BTC cycle since COVID crash showing the most significant price action movement during these intervals. We are entering the next cycle. Are we reversing or dropping?
40k holding as strong support BTC finally appears to have turned the corner for potential downtrend reversal.
the monthly and weekly confirmed break and hold of this is the mother of all breakouts for XRP
Coming off an ugly corrective wave down BTC lost about 35% of its value from its unforgettable run over the past year. The 707 Fib reciprocal 1.414 may be close enough for the PCZ on the daily for Bitcoin. With a bounce off the 200 EMA along with reversal divergence on the oscillators and negative momentum reduction commencing for 1st time in a week it appears...
gathering all the variables collectively shows bearish probability with break of extreme trend and high scale bearish oscillators. but most eye catching is this textbook inverted bearish dragon pattern. Tradingview has enabled some enjoyable drawing to animate BTC price action and bring it to life. buy a plane ticket to Florida, short city upon continuing...
BTC's move down planted this pattern completion of a Bullish Bat that may be the largest bullish pattern of the entire bull market coming off the original breakout last year. the 200 simple and EMA have aligned with the demand line and extreme trend of the move and are ideal entries for this trade. with reversal divergence on the 4hr a possible retest of them may...
confirmed at the .5 pattern completion with reaction through the 382 to the 618. look for potential break back down to price reversal zone and optimal price at the 618 extreme trend. stop below 618 and targets back up at the golden zone retracement and fib extensions for ELON.
price getting squeezed above ice lines from prev pattern with class C double bottom reversal divergence on the RSI and Classic divergence on the MACD oxygen may be needed for the potential elevation of this asset, also has continuation upside divergence on the daily. optimal price is green lateral support with stop below that. primary and secondary fib...
382 target hit on the bullish structure also completed the pattern of the bearish deep crab. 2nd target at the 618 would be optimal price for the reversal. Caution afoot with all that is happening surrounding this asset pumping and dumping it, however, harmonics and technicals are maintaining their resect of this price action.
peaks are both at the .5 fib from the head peak high to each valley low with full measured move reaching the 200 MA target on the 4hr. Break with a retest and a secondary retest now breaking out the pattern may be on its way to 30k with downside continuation divergence on the MACD. Last time we flirted with the 200MA in November we were on the edge of the cliff...
XRP pumped in Nov 2020 from a monthly break of trend only to immediately retrace and retest that break level. from that drawdown a monster Bullish Gartley was sketched on the 4hr. if the news is saying one thing but the technicals are working in synchronicity and singing a completely different tune with this asset what do you do? def air on the side of caution...
top of trade range perfectly aligns with this 1.168 harmonic. at value area here with 382 target and possible retrace reentry to gas up for longer run. looks ready to the fly the field into the new year. ,