PegasusTechCharts

PegasusTechCharts

Next big move for Bitcoin: Bullish Rally or The Last Final Dip? Here's my new outlook on Bitcoin's 16-hour chart. While my long-term outlook remains exact the same, 100% bullish, supported by key factors such as Bitcoin's halving from April 2024, the upcoming presidential election, a weakening dollar, strong Bitcoin accumulation and Bitcoin ETFs (as mentioned in...

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Friends, On the daily chart, we can see that Bitcoin has broken out of a 3-month Diamond pattern. As I mentioned earlier, there’s also an inverse head and shoulders formation with a target of $70,800. The Diamond pattern itself has a target of $86,022. So, what can we expect now? A pullback to the neckline and the top boundary of the Diamond is quite possible...

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BTC Bitcoin Correction Outlook 4 hour Chart Extended Analysis In this 4-hour short-term chart, we observe both a triangle and a bearish rising wedge that have been broken, signalling potential downward momentum. Additionally, we now see the formation of a bear flag, which is typically a continuation pattern. We can also see several support lines that highlight...

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Hi Traders, Here is an extended analysis of TokenFI on the daily chart. We’re observing a symmetrical triangle that has been forming over the past three months, which broke out to the downside on June 13, 2024. The target for this symmetrical triangle pattern is between 0.02380570 and 0.02130264, aligning with the Fibonacci targets. However, there’s also the...

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Bitcoin Weekly Chart: Key Patterns and Future Outlook Let's break down some interesting patterns on Bitcoin's weekly price chart following the recent decline: Key Patterns Inverted Head and Shoulders: Formed between 2022 and 2023, this pattern suggests a potential bullish reversal. The target for this formation is around $325,000. Cup and Handle:...

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Dear Friends, I’m excited to share a simple analysis of SOLANA with you once again. At first glance, the whole chart looks bullish to me, and here’s why: 1. Bullish Descending Broadening Wedge Pattern 2. Bullish W Pattern 3. Triangle in an Uptrend = Bullish Target: 260 / 1400 USDT. There's also a head and shoulders pattern visible, which in my...

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Hello friends, It was already some time since my last published idea, so here is a fresh one! You can see here that a head shoulder formation has formed on this 3-day chart The neckline is immediately a crucial point. We have a divergence with the volume and price as you can see. There are also divergences on several other oscillators. A picture say more that a...

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Hello dear friends, Here is my latest idea for Bitcoin and I hope you like it. As you all can see, a head shoulder formation has formed but at the moment it is not quite clear which is the neckline, neckline 1 or neckline 2. We won't know for sure until the pullback to that neckline takes place. Personally I think it will be the orange neckline 2 but again it is...

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Dear friends, Here is a new analysis of Bitcoin on the 2 hour chart. Note that my previous analyses remain perfectly valid because they are on a longer timeframe. Bitcoin has formed a perfect bear flag which is also the neckline of the main shoulder formation in the chart. If Bitcoin can break this neckline with good volume and stay above it for at least 3 or...

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Hello dear friends! Here is my idea of Ethereum on the 3 day chart. A picture says more than a thousand words. The long term trend line from March 2020 is broken in December 2021. Zoom out to see it! We also see different patterns. 1. A very long bearish rising wedge from 2017 to 2022 2. A bearish rising wedge from mid 2021 to now. 3. Possibly but not yet...

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Hello dear friends, Here is an analysis of Cake on the 10 hour chart. Cake is in a clear downtrend and has broken out downward from the Red/Green triangle. Afterwards, a symmetrical triangle (orange) formed and broke out downward from there as well. We may see a rebounce to resistance 1, 2 or 3. A stoploss in that case is always just below the support (green)...

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Dear friends, Here is my analysis of OM USDT on the 8 hour chart which in a giant triangle (orange trendline) We see a bullish falling wedge (blue) To go long, the best entry at breakout and close of a candle above it! The entry for long only above 0.1612, stop loss 0.1335. Below the stoploss line 0.1355 expect the price to decline to 0.0856. The targets are...

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Hello dear friends, If Bitcoin can break through the neckline of the Head shoulder formation upwards we have a bullish signal. With a breakout from the wedge the old top 68k comes back into view as a target. If Bitcoin bounces off the neckline or the bottom of the wedge, we see the bottom line 40k as the target. This is the target of the main shoulder...

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Dear Friends, A picture say more than a thousand words. As you can see Ethereum has made a double top. Now it can go 2 ways. Normally we are going to see the target of the double top but there are also the rising wedges. If ETH bounces back on the orange trendline then we can see a triple top or a target of 5000 USD. Note also the very low volume in Ethereum...

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Hello dear friends An analysis of Cake USDT. On the chart you find all the details. If Cake stays below the black trend line it is very likely to test the ultimate low. The price has already bounced off the trend line and is on its way to the target. Does Cake break above the black trend line with good volume and stays there then we can go to the upside at...

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Dear friends, Here is my view on Bitcoin ( daily chart ). I'm not going into the lower timeframes for now as there is too much noise and so you can't see the broader picture. A picture says more than a thousand words. We see a bearish wedge here but it could also be an ascending triangle . It doesn't really matter because more important is the green trend line ....

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Hello dear friends, A new update on the 12 hours chart for Bitcoin (BTCUSD). We can see here that Bitcoin has broken the neckline of the HS formation and is on its way to the target of 36000 USD. Currently, the price can rise to the upper trend line of the bearflag. However, I expect resistance at the upper trend line of the bullish rising wedge after which BTC...

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Ethereum update Dear friends, Here is a new update for Ethereum on the 12 hour chart. Ethereum is in a downtrend. We are seeing lower highs and lower lows. Eth is also forming a symmetrical triangle. In a downtrend a symmetric triangle is a continuation pattern. So in a rising trend it is bullish, but in a falling trend it is bearish. Watch the red trend line...