TheCryptagon

TheCryptagon

Gold / XAUUSD entered a Channel Down on the 1hour timeframe forming today a Death Cross. This is the first 1hour Death Cross since December 16th when Gold was again inside a Channel Down. That Channel Down had symmetrical bearish waves of -3.00% each. We expect the current one to show the same attributes, thus the bearish wave that just started on the Death...

TheCryptagon

Bitcoin / BTCUSD is having a 'bloodpath' week in the eyes of most but not to those that know when to zoom out and look at the bigger picture. And that's BTC being on a purely technical Bull Cycle correction. In fact the same Channel Down correction has been seen twice already this Cycle after at least a +105.70% rise. Both times it found support and bounced on...

TheCryptagon

EURUSD is trading inside a Channel Up on the 1hour time frame. The two previous bullish waves both topped on a +2.27% rise. Having made a new low on February 19th, we are now on the 3rd bullish wave. We expect a symmetric +2.27%, based also on the identical 1hour RSI it shares with the previous 2 bullish waves. Buy and target 1.06300 (top of Channel Up at...

TheCryptagon

Dow Jones / US30 has completed a Channel Down on the 0.5 Fibonacci retracement level. This pattern is nothing more than a Bull Flag based on September's similar structure that also hit the 0.5 Fib and 1day MA50 and bottomed. This time, the 1day RSI is also on a Rising Support. Both corrections took place after a +8.15% rise and September's then went on to...

TheCryptagon

Nasdaq / US100 is trading inside a Channel Up, which is currently on a pullback. This correction is approaching the pattern's bottom which happens to be on the 4hour MA200. The last two such contacts have been buy opportunities. Also the 4hour RSI is oversold at 30.00 and the last two times it was on this level, they were again buy opportunities. Buy and target...

TheCryptagon

Bitcoin / BTCUSD made a decisive break out yesterday over both the 4hour MA100 for the first time in 20 days as well as the Falling Resistance. After topping today, the price pulled back to retest the 4hour MA100, this time as a demand level so that the market gets the confirmation that there are short term buyers there. 1day RSI wise, we made a bullish breakout...

TheCryptagon

S&P500 / US500 is trading inside a 20 day Channel Up. The price hit today the 1hour MA200, while the 1hour RSI breached the oversold limit and rebounded. The two times this happened before, it was a signal that the Channel Up has formed a bottom. The bullish waves that followed, rose by at least +2.00%. Buy and target 6200 as the new higher high of the...

TheCryptagon

The altcoin market has found support two weeks ago on the 1week MA50. Even though it is pulling back this week, the new bottom has been formed and the Channel Up should now extend the Cycle and its final Bullish Leg. The previous Cycle topped just under the 1.5 Fibonacci extension. With the 1week RSI about to turn neutral, the trend now favors buying again. We...

TheCryptagon

Ethereum / ETHUSD is consolidating after an early February bottom on Support A. Both in terms of pure price action and 1day MACD, the current bottom is replicating Augusts, which was also formed after a Falling Wedge broke downwards. With the recent 1day MACD Bullish Cross formed, we expect the 4100 Resistance to get tested in April. Follow us, like the idea...

TheCryptagon

EURUSD is trading inside a Channel Up on the 4hour timeframe. The recent price action is a Bull Flag which as long as the 4hour MA50 holds, it creates similar bullish conditions as the Jan 22nd Bull Flag and targets 1.05250 (Resistance Zone B). If the 4hour MA50 breaks, sell and target 1.02500 (bottom of Channel Up). Previous chart: Follow us, like the...

TheCryptagon

WTI Crude Oil / USOIL has turned sideways on the 4hour time frame, neutralizing the bearish trend of January. Right now there is a clear Support and Resistance Zone, with the 4hour MA50 getting the last rejection. If this breaks and closes a candle over it (4hour MA50), it will be a bullish signal like February 10th. We are already on a MACD Bullish Cross which...

TheCryptagon

Bitcoin / BTCUSD is consolidating on the very same Fibonaci level it did during the previous Cycle. As you see, it was on the 0.786 Fibonacci that BTC traded sideways 4 years ago during January-February 2021. With the 1week MA50 as the support, it made a November 2021 Cycle Top. According to this, we can easily see $150k by the end of this year. Follow us,...

TheCryptagon

Nasdaq / US100 is trading inside a Channel Up, which is testing today its Resistance, the previous higher high of the pattern. When this took place duringt the previous bullish wave, the price stayed supported by the 1day MA50 and reached the 1.618 Fibonacci extension. Buy and target 23000. Follow us, like the idea and leave a comment below!!

TheCryptagon

Gold / XAUUSD is correcting aggressively today on the 1day timeframe with the 1day RSI neutralized from previously overbought to just bullish now. This is so far the strongest correction since the rally started on the December 18th 2024 low. Based on those parameters, we believe that this is a Bull Flag similar to late September's. We expect it to be completed...

TheCryptagon

Dow Jones / US30 is posting a Bull Flag pattern on the 4hour timeframe, currently between the 4hour MA50 and MA200. The last time we came across this pattern was with the early September Bull Flag. Both patterns started after a +8.20% rise on the index. If the new one repeats September's, then we should see an immediate rally to the 1.5 Fibonacci. Buy and...

TheCryptagon

EURUSD is testing its 4hour MA50 after consolidating all day yesterday around the 1.0300 level. Based on the 4hour MACD, we have a consolidation similar to January 16th-17th, which ended up forming Resistance B. As we just formed the 2nd Bullish Cross on the 4hour MACD, we expect a similar rise to take place. Buy and target 1.04375, which is the bottom of...

TheCryptagon

GBPJPY is on a rebound that is approaching the 4hour MA50. Based on the 1 month Falling Wedge pattern, a rejection is expected, same as January 14th to the 1.1 Fibonacci extension. This should technically be the bottom buy opportunity to target the 0.5 Fibonacci extension at 190.100. Follow us, like the idea and leave a comment below!!

TheCryptagon

GBPUSD is trading inside a Bearish Megaphone structure. The price got rejected 2 days ago on its top. A crossing under the Rising Support will be a selling validation much like December 18th. This break out hit Support A before rebounding. Stay bearish as long as the Megaphone holds and target 1.2100 (Support A). Previous chart: Follow us, like the idea...