I'm back! Long-term - BTC-USD TA Elliot Wave for illustration purposes only, I have no idea how EW works. :-P I'm up late, happen to have been watching and decided I needed to come to the computer to chart this out. It appears we're driving to break $30k and may do it soon. I've been waiting for a $29,500 target for about a week now with a pending sell order...
Bullish Flag appears to have broken into bottom of Ichimoku resistance cloud, and will likely continue upward through the top to begin a rally after breaking through the cloud, then upward to our target to complete the results of the bullish flag from the days before.
Large Cup and Handle Formation building over the last 12-18 months. Target of $120k by completion in January 2024 or earlier. After Cup formation is complete, expect some pullback before the rally. The Green dotted line is a multi-year support line dating back to 2015. 280-300% increase from today if this plays out, but likely not until the Nov-Jan timeframe.
The chart explains it, but we'll make it simple. Large bullish flag - April 1st incoming and rumors. Buy the rumors, sell the news. Don't be greedy, but take some profit. Retraction is likely after the rally and FOMO period.
Let's see if this short timescale works out. I have a pending sell order, but I'm hoping to see it rise and recover so that I can sell a little higher and make a couple of hundred bucks more than the current sale order. Cashing out a small portion to pay bills as I was recently laid off. I don't like taking money out of crypto, but ya gotta do what you gotta do.
ETH Target of $4350 due to successful completion of the C&H formation. We're partway through the rally and FOMO may push us up to the hourly third leg. See the hourly chart posted moments ago. BTC pullback may lead to a good week and a new ATH for ETH.
SHIB was a little short on my previous target but still performed quite well. Adjusting for prior performance, I've put in new targets, starting around 100% within 5-10 days with potential for higher upside due to FOMO if any of the rumors for listing on exchanges come to fruition.
Third leg rally target points to $4590. Each prior rally shows approximately 15% gains. Targeting at 15% and expecting this to fill a little early if we're planning to go parabolic.
I have absolutely no confidence to even bother trading this, but looking at the chart, SHIB may be ready to rally on the next leg, matching the previous.
We are halfway there already... ETH Daily chart showing a large C&H formation - Target of 72 days based on the bottom of the cup to edge. This is complemented by the 4h and 1h charts which are showing their own rallies with C&H and bullish flags.
I'm not convinced this is a great Cup and Handle formation, but it is there and it is also on ETH. However, if you compare it to the other charts, the numbers seem to be within the same reasonable ballpark and timeframe, so it's possible that multiple patterns will more strongly confirm the target. I also don't remember how to calculate the estimated date for a...
Reviewing the previous rally and seeing the bearish flag, it appears we may reach $197k by the end of January 2022. This doesn't cover the potential Cup and Handle formation over the previous few months. I may chart that next.
Triple pump bullish flags leading to $83k by Dec 5th. - Short-term outlook.
I decided to take a different look at things with a clean chart today. After reviewing various other coins and over different timelines, I came back to BTC because all except ADA seemed to be in a bad way. ADA is struggling still but seems to be resisting this bearish move. While looking for any potential patterns, I noticed we are near completion on a large...
I'm very skeptical this will even happen. But it's what I'm reading in the charts from the bullish flag.
Decided to take a closer look at the Eth charts today. The 4-hour chart shows a definite bullish pennant forming and we're touching the top of it. If we break out in the next 12 hours, it's possible that over the next 11 days we'll be on track to $5900. I'm only publishing this for my own record-keeping because I don't know that I believe we'll hit that value...
In 2017 Ethereum experienced a rally lasting 242 days for 1400% growth. It appears we are repeating a similar rally and using that same timeframe and growth percentage, our target is around $5900 ending around July 1st, 2021. After July 1st, 2021, within the first 10 days, we'll likely see a retrace to the 61.8 Fib. After July 10th, 2021, a short rise for 10...
Ichimoku fundamentals are all off the charts now. This looks like the beginning of the 2015 rallies where we went up 8100% in 805 days. I've been trying to chart an opportunity to buy, but time may be up. We've broken upward and I'm not sure we'll get back to $6k again or even back to $9k. Days will tell us.