Clear change in direction on the hourly and 15m time periods, showing a potential upside. On the hourly, hitting Resistance, I think we need to flip this, for continuation of a bullish movement. Once this is broken, I think we will continue up possibly reaching for previous ATH. On the 4H Timeframe, you can see we are skirting the .618 Fib Speed fan, also...
BTC has been kind to us so far, and has seen 36% movement since September, it's due a small correction here... As such, I have closed my previous long, and opened a short, above the parallel channel here.
Looking at the Channels here, SOL follows BTC pretty darn well... It's broken out above the short term upwards channel, and is approaching the long term downwards channel top... With no significant Fib levels around, and only the current momentum, theres a chance SOL could breakout here, and enter a breakout PD area, up to previous ATH of $210.
As you know I am following an upwards trend on the short term time frame, that so far has been fairly respectable of it's borders within the channel. We peaked at the top of the channel, which was also a confluence area on the FIBs, and also the meeting point between the two channels (short term and long term) - It was evident this would be a strong bounce area....
Looking over my previous chart, I do think BTC is respecting this parallel channel more and more signifying a trend change, and as such, I strongly feel based off these chart patterns and indicators that now, is the last time to get in and go long, before the end of the year. It is respecting the new parallel channel, and the levels inside of it - as such I am...
I have two possible playouts here, that I am looking and preparing for. Option A - We either bounce off the mid-point of the current downwards Parallel channel, and start ranging between the two channels shown, before breaking to the upside - This would be confirmation for me, of a bullish play and change of structure. Option B - We continue the pattern that has...
I have two possible playouts here, that I am looking and preparing for. Option A - We either bounce off the mid-point of the current downwards Parallel channel, and start ranging between the two channels shown, before breaking to the upside - This would be confirmation for me, of a bullish play and change of structure. Option B - We continue the pattern that has...
The bullrun started in November 2022 - and has been increasing in price ever since. It has been following the Fib Speed Resistance Fan along the .382 perfectly since then, only briefly dropping below, but never more than 7%... I would say, After nearly two years of following this, This is a fairly perfect "Floor" line to follow. Between March and October 2023,...
Btc has been in a downtrend, which moved into a parallel channel recently, Today it broke downwards out of that channel again, and continued along the downtrend trajectory. However it has hit a point of consolidation, and now looks to be bouncing back up. I predict we will come back up around $55k to retest the previous area of support, to confirm as resistance,...
As we all know - BTC has been trading in this sideways downwards parallel channel for some time now. However it has once again failed to break above midway of this channel, which is always an indicator of weakness, and signals a further downwards move incoming. Using my Indicator though, The technicals are leaning more towards a bullish direction. The RSI is in...
I'm expecting BTC to have a small retrace here, bouncing off the .382 Fib Fan level and resistance level - Before re-testing the lower support, just below the .66 Fib level then breaking previous resistance, with a small bounce off the .382 again to retest the resistance, flipping it into Support. Once this is flipped into Support, I can see us moving up to...
Price has found it's floor, and we should expect to reach new ATH's soon. It's bounced off perfectly from the .236 on a long term FIB, and also perfectly corrected off the shorter term trend line. Should BTC continue to stick above these levels, we can expect price action to continue upwards, over the next couple of months.
Bitcoin has finally closed and continued above the consolidation trendline - Shown using the .25 Fib Time retracement... Currently sat in the demand zone, so a possibility of a correction here short-term before finally breaking out up above, and setting a new ATH.
Are we bear yet? Definitely not! - And this is why! On the chart I have Fibonacci levels pulled from the previous ATL, to the Recent ATH, From the midpoint of the previous rally, to our current previous high, and again from our previous ATH to our current Low - I have the FIB time pulled from last cycles ATH to ATL (Which marked the current top almost perfectly)...
We've all seen this pattern being pushed out - However there seems to be a lot of talk saying that it has invalidated. It has not, and is still very much in play - The left shoulder has a "W" within it, and as such I expect the same to be played out with the right shoulder, as marked in white. To get a potential breakout target, I worked out the difference...
Are you ready? - Are you bored? This is what I expect to happen - with breakout at the end of this month?... Lets go people....
Marked it all out in the chart, my thoughts on what im expecting to happen with Price on Cardano, However, There has been three points of Ascending Triangles since Cardanos last run, resulting in heavy Accumulation, This is very Bullish!... It means, that people have been BUYING Cardano, and stocking up, for the impending price movement, no doubt due to the...
On the long term time frame, Bitcoin has formed a cup and handle on the daily chart. Lets see if this becomes a bull run to remember!.