MattMcilwham

MattMcilwham

IMO, bitcoin is taking it easy, accumulation and sideways action for a long time but makes good scalping. I think we will honor this ascending triangle, the tip aligns us up until the end of may, if we do break out, i've got my eyes on the trending upwards channel, a lot of fib clusters to break through first.

MattMcilwham

I have highlighted the three scenarios for BTC: 1. the green box, this box signifies a bullish case in which we make a 0.236 fib retrace to retest the breakout of the daily kijun and MA while also staying in the cloud. the custom set rsi is reaching my significance zone and needs a solid retrace to reset. 2. the yellow box, this signifies a typical retrace from...

MattMcilwham

Been watching this for a few days, I think we could be following this pennant. Personally, I feel that we will get rejected at the top of the trendline, consolidate and then make a break for it. This is due to the cluster of 0.5 and 0.618 fibs around that area. We also have the ichi cloud around the 9,000 area which can push us down before an E2E play.

MattMcilwham

There are two scenarios I'm watching at the moment: 1. Bearish - the break of the uptrend or ascending triangle signals a target of 5k euros, I have some buy orders set for there. As I'm following the daily chart on this, it's a long wait IF it is to achieve this. 2. Neutral / Bullish - looking at the local fibs (not shown) there is the 0.618 fib retracement on...

MattMcilwham

The Ascending Triangle on Bitcoin - Euro has broken down, the target is 5k euros, highlighted in red. The only relief I can find is that we are on day 6 out of 9 on the TD while all MA and ichi contributors are above the price. Just below the target is our prior low, which will be very bearish if we break and close below 4680 eur.

MattMcilwham

Bitcoin looks as though it is heading for a textbook retrace before looking to move higher. 0.5 fib is a good buying area bounce on the kijun is a good buying area 200 day MA is a good support TD has 4 more days of downside until a possible 9 buy I had charted a symmetric triangle (not shown) this has a target for the red box. The red box seems to align all...

MattMcilwham Updated 

This is the moment where Bitcoin can show that it's going full Chad mode. A break of this long-term downtrend resistance, arguably bull-flag shows that on the daily chart we are super bullish. The SRSI is quite oversold, if we can either continue this run and pullback on the breakout (ideal) or a small pullback now, testing 10k for a then break, I am super...

MattMcilwham

Chart pattern playing out

MattMcilwham Updated 

Short.

MattMcilwham Updated 

Long.

MattMcilwham

Bitcoin has just broken its local downtrend while finding support on an ascending triangle. This looks like a nice, slow accumulation phase. The next steps are to break local highs, in blue, and the ichi cloud is at the second blue line $11800. Typically, a good long is the end to end play on an ichi cloud, if we pierce through it, i'm taking a position. to...

MattMcilwham

Adex recently broke out of its bullflag and is moving well. Looking to break the height of the bull flag but the SRSI is quite overbought so the arrows indicate two possible scenarios. The most likely scenario is that we bounce off the top of the flag high and consolidate before making another run to the previous high. This can be a 16% or 20% move depending on...

MattMcilwham

Eng/BTC pair looking to make another big run. On the 4h (not shown) we have plenty of room above the ICHI cloud and the SRSI is at 80, plenty of upward room On the 15m (Shown) Purple lines are previous resistances. Fibs are good areas to take profit, the TA length of the large wedge matches perfectly with the 1.618 Fib. We have broken through the ICHI cloud,...

MattMcilwham Updated 

Long

MattMcilwham

I have a position in ENGBTC from 95k sats but i'll be looking to add more on the next breakout. If you check the buy wall on Enigma you'll see it's huge while the sell wall is very thin i.e. no one is selling! This demand will drive the price up nicely, buy on breakout or accumulate along the bottom of the trendline. For swing traders, the fib levels hold very...

MattMcilwham

Classic Pennant, buy on breakout. Not financial advice, DYOR.

MattMcilwham Updated 

I drew this Head & Shoulders after we started dwindling from the $20k region. Since, I have been waiting for it to break out out this formation, losing some easy trades in the process. On the other hand, it could be a continuation pattern but maybe i'm just wishful thinking. If we break the trend line, it's a 6k target for me.