Pattern and Signal: Bearish after the price was rejected on the 1D Resistance. Target: 1.35000.
Pattern: 1W Channel Up. Signal: Bullish after the pattern tested twice its Higher Low. Target: 1.36700.
Pattern and Signal: The 1D Rising Channel is testing the 1W Resistance Zone. Bearish signal. Target: 6915 (the 1D Support).
Pattern: Break-out from the 1D Resistance. Signal: Bullish. Target: 0.11500.
BTC's last bull market can be adequately broken down using the Fibonacci Channel as a Phase Marker. During 2015 the 0 - 0.236 Fibonacci band was used as a Support. Similarly in 2016 the 0.236 - 0.5 was the Transition Phase from the Bottom to the start of the new Bull Market, leading to then Bullish Band (0.5 - 0.786). As Bitcoin's historic price action has...
Pattern: Channel Up on 1D. Signal: Bullish after making a Higher Low. Target: 1.3300.
Pattern: Channel Down on 1D. Signal: Bullish after a Lower Low was priced last week. Target: TP1 1.12900, TP2 1.13700.
Pattern: Bullish channel on 1D. Signal and Targets: Slow rise as long as it stays inside the Channel. Strong bullish move if the Higher High line breaks (TP 164.00). Strong bearish if the 122.65 support breaks (TP 102.30).
Target: 0.47000 (+320% rise based on the previous similar bullish sequence).
Pattern: Channel Down on 1W. Signal: Bullish as the price is coming off a low trading sideways. Target: 0.08000 (the projected Lower High of the pattern).
I am trying to compare two sequences. The first from February 6th to November 13th 2018. The pattern was Lower Highs (if you remember each high was on 0.618 Fibonacci from the previous one) and the 5800 - 5900 level supported this consolidation until it violently broke down - 50%. The second is the current pattern. Higher Lows from November 28th 2018 to today...
The chart of China DYF says it all. Parabolic growth after parabolic growth. Reminds you of something?
Pattern: 1D Channel Up. Signal: Bullish if the narrower 4H Channel Up breaks upwards. Target: 12.5400.
Pattern: Channel Down on 1W. Signals: Bullish if the inner Lower High line breaks. Target: 0.07000 (outer Lower High).
Pattern: Ascending Triangle on 1D. Signal: Bullish after the 1W Channel Down Lower High line broke. Target 8.4400 (1W Resistance).
Pattern: Channel Down on 1D. Signal: Bearish after a Lower High was made today. Target: 0.93200.
Bitcoin currently gives the idea of a neutral price action. The reason for this sideways movement may be this bullish Channel. If the extreme events of the 3400 low (pushed for a 1W bottom test and failed) and the 4300 high (pushed for a 1W top test and failed) are isolated, we can see how this channel is remarkably steady on its Higher Highs and Higher Lows. I...
Pattern: Channel Up on 1W. Signal: Bearish on two marks. 1st the 97.70 Resistance. 2nd the 98.75 estimated Higher High. Target: 96.00.