
Pattern: Bullish Megaphone. Signal: Bullish. Two entries. The pull back towards 53.00 (1) or the break out above the green line (2). Target: TP(1) 58.00. TP(2) 60.00.
Pattern: Channel Up on 1D. Signal: Bullish. The Higher Low patterns are identical and deliver a strong upside when spotted. Target: 9.00000.
The 1W pattern on Ripple is a parabola. With 0.24717 holding since August 2018, an upside momentum is being built. That is largely thanks to the double bottom at 0.28600 on December and January. As long a 0.28600 holds, I expect the parabola to trade the bullish sequence in a similar fashion it traded the bearish, making a symmetrical pattern. This has the...
The chart depicts Ethereum on the 1W scale. The pattern is a long term Bullish Channel (with two extreme noise formations). The most recent Channel was the bearish pattern which took ETH from its All Time Highs to December's bottom. The current 1W candle is testing the Resistance/ Lower High. If successfully crossed then the bearish trend is void and Ethereum...
Pattern: Channel Up on 1D. Signal: Bullish as last week the 1D Channel Up made its Higher Low. Target: 16.500 which is the technical Higher High based on the basis difference between HHs.
Pattern: 1H Channel Up, Higher Low at 1320.54. 4H Support at 1315.86. 1D Resistance at 1326.24, 1D Support at 1302.35. Signal: Bullish on the Higher Low and 4H Support. Target: 1350.
This analysis brings to center stage Bitcoin and the asset mostly linked with, Gold. On this chart, Bitcoin (the digital Gold) shows a quite similar behavioral pattern with Gold's bottom period of the 80s/ 90s bear cycle. What stands out is this identical +33.50% bounce on Gold and the subsequent Double Top followed by a slow decline before the major lift off....
Pattern: Head and Shoulders on 1H. Signal: Bullish after it made Double Bottom. Target: 1.13400 (the pattern's Head).
This pattern shows that BTCUSD is trading on its new long term support zone. Using the Ichimoku Cloud as a prime leading indicator, we can identify key trend signals and many similarities between Bitcoin's last two bear cycles (2014/15 and 2018/19). First of all the cloud's squeeze (October - December 2014 and September - November 2018) was a Sell Signal to the...
Pattern: Support test. Signal: Long. Target: 0.02800.
Pattern: Identical pattern occurrence. Signal: Bullish but enter on the next major pull back. Target: 79.800 (1D Resistance).
Pattern: Channel Down on 4H. Signal: Bearish as it was rejected on a Lower High. Target: 1.2750 (the next support on 1D).
Pattern: Rectangle on 1D. Signal: Bearish as the price hit the 3.0600 - 3.2141 resistance zone. Target: 2.3200, the upper support.
Pattern: Rectangle on 4H. Signal: Scalping inside the 1302.50 support and 1315.60 Resistance. Target: Short TP 1304.45, Long TP 1313.80.
Pattern: Channel Down on 1D. Signal: Bullish as the price rebounded near a Lower Low and 1.13300 broke (bullish confirmation). Target: TP1 1.14170. With TP1 locked go after TP2 1.14400.
Pattern: Neutral Zone due to High Volatility on 4H. Signal: Scalping. Target: Short TP 3515, Long TP 3705.
Simple Moving Average analysis shows that it is time to short SP500 again. The end of last year gave us a comfortable bounce on the 1W MA200 and this week a rejection on the 1D MA200. By simple MA terms, that is a strong short signal. Targets: 2640 and 2555.
Pattern: Channel Down on 4H. Signal: Short. Target: 1.12890 = the 1D support.