Pattern: Lower Highs on 1D. Signal: Bullish after a new Double Bottom on 4H. Target: 1280. This is the 0.618 Fibonacci retracement. Every previous Double Bottom formation rebounded to the 0.618 Fibonacci level.
MA50 crossing over MA100 on 1D. This is a bullish signal on the long term. The last two times that pattern was spotted (2017, 2016) GUSH gained around +85% and +47% within 91 and 229 days respectively. This sets a Target Zone of 19.50 - 25.00.
Pattern: 1W Channel Up. Signal: Bullish after the 1D consolidation is completed near the Channel's Higher Low. Target: 0.170000.
Bitcoin Cash is pulling back after the early April Higher High on the 1W Channel Up. It is now trading on the median (pivot) of the pattern seeking a temporary consolidation (like on the previous bullish leg) before it makes a new Higher Low. That should be the foundation for the test of the 410 - 660 1M Resistance.
Due to the price difference on exchanges, a lot of the attention lately is being drawn away from what matters most. Is the worst over for BTC? Has the new bull cycle started? With this as motive, I thought it would be productive to accumulate the strongest long term bullish indicators on Bitcoin. And I have come up with a combination that has never failed on its...
Pattern: Channel Down on 1W. Signal: Bearish after a Lower High was made near 323.000. Target: (A) 319.000, (B) 317.350.
Pattern: Channel Up on 1D. Signal: Bearish after a Higher High was made at 4.2800. Target: 4.2020 (potential Higher Low and Support).
Crucial crossroad for BNBUSD. The 1D Channel Up pattern is too obvious (bullish leg, low gradient consolidation, repeat) but may be "too good to be true" as the price is virtually on its All Time High set in January 2018. If the short term trend continues (1D Channel Up) then the Binance Coin eyes 38.000. If the long term trend prevails then I am looking as a...
The 1D Channel Up broke yesterday, slightly to the downside. Since the December bottom similar Channel Up pattern have been broke twice. Once it was a bearish break out the other was a sideways break out (which gave way to the April 2nd aggressive jump). The RSI was too high ( and I have pointed the importance of that on previous posts ) and since the 88.300 High...
Pattern: 1W Channel Up. Signal: Bearish once the price makes a Higher High. Target: Around -10% from where the Higher High is made. *If 6.22990 breaks, close and wait for a new (quite possibly more aggressive) bullish pattern to trade.
Pattern: Rectangle on 1W. Signal: Bearish after the price was rejected on the 1W Resistance Zone. Target: 1.12300 (just above the 1W Support Zone).
Pattern: Channel Up on 1D. Signal: Bullish as long as 866 holds. Target: 930.00 (the next Resistance on 1W). * If 866 breaks be ready to short to 833.00.
Pattern: Channel Down on 4H. Signal: Bearish as the price is near the Lower High. Target: 2.350, which is the expected Lower Low based on fractal analysis.
Pattern: Falling Wedge on 1D. Signal: Bearish if the pattern breaks downwards, bullish if the pattern breaks upwards. Target: 14.500 is it breaks downwards, 15.350 if it breaks upwards.
Well we are here finally! After 140 days of frustration and demoralizing claims for $1000 $500 or even $0, Bitcoin is finally testing the 1W Resistance. The Resistance which before the November sell-off, has been sustaining Bitcoin as a Support above the 5800 level. How important that test is? Well it's vital. Two reasons: Firstly because it meets with the MA50...
I am not going to over analyze this. Just a little possibility that the pitch fan indicates. As long as the median provides Support (which was converted from a Resistance on the previous bullish leg) the 70.00 medium term target is possible. These indicators show that under those circumstances another +11% bullish sequence is certainly possible. I know it may...
Nothing flashy here. I am just comparing XLM's 2017 cycle with the current one. Even though the duration/ horizons are different, the principles of market psychology stay the same. We see an aggressive sell-off initially over -80% followed by a first period of consolidation leading to the final sell-off (around -70%). Stellar seems to be on final stage of the...
I am going to keep it simple on this one. After all Bitcoin is not a complicated asset, it follows the same patters and cycles again and again (longer term to a greater extent). So if you are into Fractal Analysis I have something for you that may be of interest. Since the December bottom we have a steady rise. Steady and not aggressive/ parabolic as BTC is still...