Pattern: Channel Up on 1D. Signal: Bearish as 4H is on Lower Highs creating a Triangle. Target: 1.3060 (Higher Low). * If 1.2955 breaks it is a bearish break out from the 1D Channel Up. TP 1.2775.
Pattern: Pull back on 1D. Signal: Bearish (1) short term to -2.79% from top. Bearish (2) long term if -3.41% from top breaks. Target: TP(1) 109.090, TP (2) 104.800. Successful previous break out from the Triangle:
Pattern: Parabolic bullish curve on 1D. Signal: Bullish on every pull back. Target: 3.9000 (+345% from bottom similar to the previous bullish parabola).
Pattern: 0.382 - 0.618 Fibonacci retrace on 1D. Signal: Bullish once the price tests the Support Zone. Target: 1.1000 (Gap fill on 1D).
Pattern: 1D Channel Up. Signal: Bullish after a Higher Low was made. Target: 1.8200.
Pattern: Channel Down on 1W. Signal: Bearish after a Lower High was made. Target: 1.1130. My previous trades on this pattern:
Pattern: 4H Channel Up. Signal: Bullish when this retrace is completed at 3900. Target 4100 minimum. *Note: Repetitive patterns on 4H enhance the bullish potential.
Pattern: Rectangle on 4H. Signal: Bearish as the price is just under the Resistance Zone. Target: 1.0725.
Pattern: Rectangle on 1D. Signal: Bearish on the Resistance Zone, Bullish on the Support Zone. Target: 283.140 for scalp longs, 277.050 for scalp shorts.
Self explanatory chart. The entries and targets depend upon which Channel Up prevails after the 69.00 test. In any case buying the dip with TP 70.00 and 71.00 is best suited.
Pattern: 4H Channel Up. Signal: Bullish as the 0.5 Fibonacci retracement level was crossed and is headed to 0.618. Target: 1345. Long term overview:
Pattern: Triangle on 4H. Signal and Targets: Bearish if the Triangle breaks downwards (TP 110.245), Bullish if it breaks upwards (TP 112.500). *Note: First time on 1D that the pattern makers Lower Highs instead of Lower Lows. This enhances the potential of a bearish break-out.
Pattern: Ascending Triangle on 4H. Signal: Bullish after a Low was made. Target: 15.5000 (the 1D Resistance).
Pattern: 4H Channel Down. Signal: Bearish if the pattern breaks downwards like in the previous sequence. Target: 145.400 (where it meets the Higher Low support of 1D).
Pattern: 1D Ascending Triangle. Signal: Bullish after a bounce on the Higher Low. Target: 0.6900 primarily and if another pull back occurs then 0.69200.
As BTC gets closer to the essential MA200 test supported by the MA1400 on 1D, I have come across a new support level level, which has been missing from key analyses out there. It is known that the Halvings historically signal the start of the new bull market on Bitcoin that escalates into a parabolic run. What we have been missing is that since the Halving the...
Pattern: 1D Channel Up. Signal: Bullish if the Higher Low sequence on 4H holds. Target: 14.2500 (4H Resistance).
Pattern: 4H Channel Down. Signal: Bearish only if the 1D Higher Low support line breaks downwards. Target: 4.1500 (1D Support).