Pattern: Channel Up on 4H. Signal: Bullish after it bounced on the 1D Support and broke the previous Channel Down. Target: 2.0400 (next Resistance).
Bitcoin broke through the final MA barrier (1W MA100) and even crossed over the Historical Parabolic Accumulation Curve. This is a very significant development as it this curve has been used historically as a strong buy zone during the distribution phase before every logarithmic bull run. Doesn't this mean that the new bull market will be even more aggressive...
Well the title says everything so I might as well make this analysis a short one. BTCUSD is rising aggressively having almost filled the Gap from November 2018, when the final big drop took place. It is now about to test the MA100 (black) on the weekly chart, which is essentially the final bearish barrier before it starts rising and never look back. If the MA100...
XRP is currently consolidating after its late April bottom. Since February 2018 it has been making Lower Highs. Quite interestingly every High that followed and top made, it was rejected roughly on the 0.618 Fibonacci retracement level of the previous High to bottom. So far we can count 4 successful incidents in the last year, which makes it a highly successful...
Pattern: Channel Down on 4H. Signal: Bearish as long as the previous Lower High doesn't break. Target: 2820.
Pattern: Inverse Head and Shoulders on 4H. Signal: Bullish if the current candle formation (circle) breaks upwards, bearish if it breaks downwards. Target: 1310 for the bullish break-out, 1268 for the bearish break-out.
Pattern: Rectangle on 1D. Signal: Bullish if the price gets near the Support. Target: 1.77000.
Pattern: 4H Rectangle. Signal: Bullish once the price tests the 1.13630 Support. Target: 1.14400 (just below the first Resistance).
Pattern: Channel Up on 1D. Signal: Bullish if the price hits the inner (dashed) trend line. Target: 23.2000.
Pattern: Rectangle on 1D. Signal: Bearish after the price hit the inner Resistance (1.60617). Target: 1.57500 (just above the Support Zone).
Can Bitcoin and Nikkei, a cryptocurrency and a stock index have something in common? Well not really, fundamentally they are different the market dynamics quite diverse. But as with some previous comparisons of **Bitcoin with Gold** and **Litecoin with Silver** I want to point out how investor psychology can be quite similar over very different asset...
Ethereum is on a Rising Wedge since it bottomed in December 2018. Every top has a decreasing rate of -34%. This indicates a slow rise to 198.00 in June before ETH either pulls back for a final accumulation or breaks the Rising Wedge aggressively upwards.
SCUSD is now on its 1M Supporting Channel. Every time the price has broken above this Zone it has rallied aggressively. In other words as long as Siacoin trades inside this range (or when ever it enters) it is a buy opportunity. During the previous two break-outs, the rallies have extended to +453% and +3864%. Keep that in mind when deciding your buy take profit spot.
Pattern: Channel Up on 1M. Signal: Bullish after a recurring candle sequence was spotted within the Channel. The median should provide Support. Target: Near 1.9500.
Pattern: Rectangle on 1D. Signal: Scalping within the 1.0087 Support and 1.0165 Resistance. Target: 1.0150 for long and 1.0090 for short.
Since it's Crypto/ Commodity comparison week and I saw the great interest the community had on my Bitcoin/ Gold comparison, I thought I would try another one. As I was crossing charts I stumbled upon this one: Litecoin and Silver. As with BTC and Gold, the time frames are different (1W for LTC, 1M for Silver) as Silver is a traditional commodity used commonly for...
Pattern: 1D Channel Down. Signal: Bullish. Based on the time intervals on the Lower High sequence (15 bars/ 20 bars/ 15 bars/ 20 bars/ completion of 15 bars on May 8th). Target: Close to 1.1300 or 1.13600 (depending if it will be an upper Lower High or lower Lower High). Take profits at will (May 8th = ECB President Draghi, May 9th = U.S. PPI, May 10th = U.S. CPI).
Pattern: 3+ years symmetric parabolic channel. Signal: Bullish after the symmetry completion indicates an upward break out. Emerging Channel Up on 1D. Target: 0.77500 (Symmetric peak).