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So I don't usually mess with Harmonic Patterns, Wave Theory and the like... however... In looking at the daily BTCUSD chart I uncovered a near perfect setup for an ABCD correction. Will it complete all the way? Who knows, but if we do go in this direction it is helpful to know how to calculate an entry point for a trade setup. All the info is in the chart above,...

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Looking at ZILBTC over the past few weeks I've been looking to add it to my portfolio again, but it's held up surprisingly well against the other alts during the bearish BTC season. That having been said, from looking at the chart it has reached the end of an almost symmetrical triangle and needs to make up it's mind. Does it follow the rest of the market or does...

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I've been keeping an eye on POLYBTC for the past few weeks to seek a good price point to add to my position. Looking at the chart we don't have a lot of trading history, but we can see that the price has been moving in a larger almost symmetrical triangle like most of the crypto market. However, the triangle in this case it tipped slightly downward, which is a...

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Along with the rest of the market ICX got a nice boost yesterday and broke out of a descending wedge pattern which it had been in for the past two weeks (dashed blue line). TLDR: Entering at the current price point comes with higher risk, as there is currently insufficient bullish momentum and neither are we at a setup point which is ideal for accumulation on...

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Along with the rest of the market ICX got a nice boost yesterday and broke out of a descending wedge pattern which it had been in for the past two weeks (dashed blue line). TLDR: Entering at the current price point comes with higher risk, as there is currently insufficient bullish momentum and neither are we at a setup point which is ideal for accumulation on...

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On 4/12 we saw BNB break out of a long term downtrend line, which was positive indeed. However, now we have seen price action fall back down below the trend line. Further to that, we can see a double top formation on the 4hr and the price seems to be reacting to it. With that in mind we can likely expect the price to drop by the inverse height of the double top,...

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I continue to use the same base chart with the same trend lines as before to evaluate the movement of BTC over the past couple of weeks. Even though there has been talk of longer term trend lines being broken, as can be seen by the chart, the price continues to move comfortably within the downtrend channel that has been established since the start of March. The...

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I've tried to highlight all major trend lines and price points that can act as resistance lines for BTC as it prepares for it's next move. As you can see by the two descending yellow trend lines, since the ATH in December we have been stuck in a downtrend channel that we have not been able to break out of yet. Thankfully, by looking at the narrower yellow line,...

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Looking at BTC on the 4hr we can see that we are still within short term (white dashed) and long term (bold pink) trend lines. We are also facing a combination of resistance on the way up in the form of the longer term trend lines and the EMA50. Until we close above this price point in the $8400-8600 range it doesn't seem we can guarantee a reversal. On the other...