The_Magician

The_Magician Feb 15, 2018

BTC has made a cup & handle pattern & it's target is T #1. It also has formed an inverse head & shoulder pattern with 2 targets being T #2 & T #3 respectively based on different neck lines. The middle blue channel trend line is now acting as support and it needs to hold above this level but ideally holding or bouncing off the bright green line would be positive...

The_Magician Feb 14, 2018

Channel Lines worth watching

The_Magician Feb 14, 2018

Eth has broken the neck line of an inverse head and shoulders pattern it has been forming. Price needs to get above the resistance line in pink and make it support, to confirm a move higher towards the targets seen on the chart. It has also formed and confirmed a cup and handle pattern inside this inverse head & shoulders and those targets can be seen on the chart...

The_Magician Feb 14, 2018

BTC has broken the neckline of an inverse head n shoulders pattern it has been forming. Ideally if it came back down and bounced back of this level it would confirm support and could signal it's next upward move and target. I would like to see price break thru the red channel and blue channel lines respectively n get its head above the light green line that still...

The_Magician Feb 7, 2018

BTC is deciding whether it's ready to end this downtrend and move out of this bear channel. If it can't get traction, it is likely to form another flag pattern, providing a target to the downside. Though if it was to turn down sooner & retest the support support line in a "W" type formation, it would confirm it is the bottom and start to form a base as it...

The_Magician Feb 3, 2018

BTC is following a downward trending channel. It has formed a variety of patterns on it's descent and these have provided us with price targets on it's way down. So far as each one of these targets have been hit, immediately following a bounce and retracement has occurred, back up to it's over head resistance. This looks likely to repeat again, until the downward...