Yes it is not April Fool's, Bitcoin (BTCUSD) just closed a record 7 straight months of gains for the first time in history. Since it's inception, there hasn't been an exchange where BTC made more than 6 bullish monthly (1M) candles in a row. What started in September 2023 as merely a hold and bottom formation on the 1M MA50 (blue trend-line), eventually evolved...
Russell 2000 (RUT) finally hit our 2140 Target, which we called for on our last pull-back and buy signal (December 28 2023, see chart below): Even before that signal, we caught the ideal bottom buy for a full bullish swing: At the moment the situation is different as the index is on full bullish technicals, having hit the 2140 Resistance which was formed...
The AUDCAD pair is on a Lower Highs rejected and ahead of a Death Cross formation on the 1D time-frame. Since 2022, we have seen two Falling Wedge patterns, which accelerated selling after the completion of a 1D Death Cross. The first target on both occasions was the 1.236 Fibonacci extension. As a result, we are bearish on this pair, targeting 0.86500 (Fib 1.236...
The EURCAD pair has been trading within a 12-month Channel Down and is currently reversing after a Double Top rejection on Resistance 1 (1.47825). Following the 1D MACD Bearish Cross, this has the potential to initiate Phase 2 of the Bearish Leg that started on the November 21 2023 Lower High. Technically this should be at least a -4.47% Bearish Wave, similar to...
Solana (SOLUSD) is trading within a Triangle pattern within a longer term Channel Up on the 1D time-frame. The 1D MA50 (blue trend-line) has been basically supporting since late September 2023 (it only broke once for 4 days in late January 2024) when the previous similar Channel Up started. That Channel Up also formed a Triangle half-way through and when the...
We haven't looked at Ethereum (ETHUSD) since the start of the year (January 09, see chart below) but it did give us an excellent symmetrical buy opportunity and easily hit our $3000 Target: We now move out to the 1W time-frame in order to understand where the current 2-week pull-back is positioned relative to the previous Cycle. As you can see, ETH is past a...
Bitcoin (BTCUSD) is currently repeating on its 4H time-frame a fractal of S&P500 (SPX) on its 1W time-frame. As BTC is pulling back towards the 4H MA50 (blue trend-line) and a Bullish Cross is about to be formed, the symmetric development on the S&P500 fractal indicates that this Bullish Cross should be treated as a Buy Signal. On S&P500 it started the aggressive...
SingularityNET (AGIXUSD) is having a tremendous rally since the start of the year and after a 2-week pause with red candles, it appears to be resuming the uptrend sequence. That is 2nd the Bullish Leg within the dominant Channel Up pattern that started after the July 11 2022 market bottom. The 1st Bullish Leg posted a +1965% rise and was rejected exactly on the...
Tesla has been trading within a Bearish Megaphone pattern since the July 19 2023 High. The recent Low (March 14 2024) came very close to the 152.50 Support, which is the April 27 2023 Low. This shows just how strong the current bearish structure is. Medium-term traders/ investors can expect a sustainable uptrend only when the 1D MA50 (blue trend-line) breaks,...
Last time we looked into United Health (UNH) we gave a strong buy signal (October 03 2023, see chart below), which turned out to be very successful: After getting rejected on Resistance 3, the stock started to decline structurally within a Channel Down. It is a pattern similar to the Channel Down of November 2022 - March 2023, which was again formed after UNH...
Exxon Mobil (XOM) has been on a tremendous since the January 18 bottom and even more so since the start of this month (March). We are about to form a Golden Cross on the 1D time-frame and last time this pattern emerged (September 20 2023), the market top was formed a week after. In fact all Tops since November 2022 where formed on a Higher High sequence,...
Bitcoin Cash (BCHUSD) is posting a very aggressive 2-week rally but short-term buyers should get too comfortable as it is approaching a landmark Resistance. That is the Lower Highs trend-line that started on the December 2017 All Time High (ATH). The previous Bull Cycle got rejected on that trend-line, guided by a Channel Up, below the 0.786 Fibonacci retracement...
Dow Jones (DJI) is approaching the top of the 1.5 year Channel Up, while at the same time holding the Inner Higher Highs trend-line. The 1D MA50 (blue trend-line) Support is getting increasingly weak as it is now on the 0.786 Fibonacci retracement level, the closest it has been to the price action since the the November 2023 break-out. Technically this is as...
Gold (XAUUSD) is on a short-term uptrend on the 1H time-frame as it is supported by a Higher Lows trend-line since Friday's bottom. As long as this trend-line holds, we are bullish, targeting 2220 (marginally below Resistance 1). If the price breaks and closes a 1H candle below the Higher Lows trend-line, we will see and target 2150 (marginally above Support...
Hang Seng (HSI1!) is trading within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The dominant pattern is a Channel Down and as long as the 1D MA200 holds as a Resistance, we will continue selling every Lower High. The structure of the pattern is similar to the 2021/22 Channel Down. Once the 1D MA50 breaks again, we will have a confirmed sell...
The CHFJPY pair almost hit the 172.500 Target that we set on our previous call (December 19 2023, see chart below): Since then it has pulled back significantly, giving rise to a new Channel Up pattern. The major development is that it is about to touch the 1D MA200 (orange trend-line) for the first time since April 06 2023. We are prepared to buy after it...
Bitcoin (BTCUSD) continues to see enormous grow, despite the recent 2-week consolidation (blue circle) after breaking the previous All Time High (ATH). BTC is no stranger to such a consolidation as it also took it 3 weeks trading sideways when it hit the ATH during the previous Cycle in November 2020. What followed after that was an aggressive rally marginally...
Partisia Blockchain's capped-supply native token, the MPCUSDT, has attracted significant attention lately and since its listing last week, it has already started to develop key technical patterns that offer strong trading opportunities, while at the same time expanding fundamentally. ** Technical Analysis ** MPC has been trading within a Channel Down pattern...