Microstrategy it is mirroring the situation of Bitcoin, with a Symmetrical Triangle that could reverse how to continue
Major Pattern: Descending Triangle But the target has been achieved, so the current pattern has probability of continuation as much as inversion However, the pattern in formation would seem an head and shoulders inverted continuation
Major pattern: 5 years rectangle or H&S in formation Weekly Channel Very small Failure H&S Potential entry short below 0.83, long above 0.86
It is a small wedge but could confirm the bearish head and shoulders pattern, and thus anticipate the bearish breakout of the Broadening 1/3 position, 0.33%
in the weekly chart we see a bearish head and shoulders which would report prices on the basis of the Wedge and would declare the candle of Feb 8 a false breakout On daily chart the right shoulder is taking the double bottom formation (Brandt analysis) The trigger points are 892 for the H&S and 1113 for the Double Minimum and/or Failure H&S PS. The left shoulder...
Recognizable and sufficiently large figures begin to form on the main cryptocurrencies, BTC, ETH, BNB, SOL For a trend reversal (or continuation) it is necessary that a clear figure on the weekly chart is confirmed. A symmetrical triangle can be either an inversion or a continuation. An inversion triangle must have 5 points of contact, for now we are at 4, if...
from my point of view there is a continuation reversed head and shoulders in formation, bearish the continuation must be confirmed with the break of the neckline below 36340 or the bullish scenario with the breaking of the right shoulder at 39780 the first bearish target could be 29000, in a bullish case up to 47000
the entry on the H&S of June-January would have stopped Now it is forming a Cup and Handle, of which the handle is a symmetrical triangle, the entrance is clear, with closure above 69,31
the main figure was the June-December head and shoulders confirmed by a failed head and shoulders from October to December, long entry on December 22nd it would have taken a partial profit, until the high of May '21 at this moment it is forming a compound figure, the Cup and Handle I would like a net close over 46.50
if this weekly rebound is confirmed, an ascending triangle on weekly chart is occurring a return above 30 is required on the daily chart
if this week's reaction is not due to the macroeconomic situation, a possible right shoulder could start forming
Major Pattern: Symmetrical Triangle Weekly Anticipatory Pattern: Channel with 7 descending consecutive maximums
Major Pattern: Weekly Descending Channel A symmetrical Triangle on Daily Chart could confirm an up or down continuation Trigger Points: 18.68 or 18.14
The channel on ETH / BTC is about to turn one year old And on the daily chart a symmetrical triangle is forming.
Solana reached the H&S Main target from 1 October to 5 January, which was 88. It formed a contination H&S, which reached mid-target and then retraced following the words of the ECB and the FED (like almost all markets). Now we have to see if the change of direction is real or given by the emotions of these days. The belief that a return above 100 or below 85...
I tend not to believe that BTC and ETH could continue very bearish, both for fundamental and macro data, especially after the probable decision of the Fed to raise rates lower than expected, with the excuse of war. But for now the charts remain bearish. Unlike BTC which has already shown signs of laterality, ETH remains bearish, it has not yet broken the main...
the failed reversal head and shoulders (5 Jan - 15 Feb) has reached half target and is now retracing, also for the events in Ukraine. A retest of the 36000 zone would mean a continuation H&S formation, which means the current bullish retracement is just a correction, the target at the break of the neckline would be 28000, which is the same target as the major H&S...