HBAR is breaking out of the daily bar chart's falling wedge after having already broken out of a weekly line chart's falling wedge, both here on the weekly candle chart.
Initial targets are near top and bottom of weekly resistance. A move down could re-test wedge top, and this weekly candle needs to close above the wedge (already has daily closes but want to see...
BINANCE:HBARBTC weekly bar chart has formed a falling wedge over the last couple of years, starting around September 2021 until now.
A move to wedge top with a breakout would target the "Google Pump" era highs of March 2020, and with a potential secondary target at or above ATH.
To see a bullish breakout, it needs to hold the 150-160 sats...
Ethereum has formed a wedge on the daily.
A break below the wedge has two possibilities:
1.) 1x measured move down that tests a daily support level that begins around 670 usd
2.) A double bottom at the halfway point near 1k that either succeeds and moves to bull options below, or fails and moves down to support at option 1.
A break above the wedge similarly...
Within the four panels above are comparisons of major US market and the international Bitcoin indices with the US Dollar Index, $TVC:DXY. From top left to right:
As we can plainly see, each one acts a a near mirror image going back to 2017.
When looking at correlation via an indicator, like...
A possibility where Bitcoin could immediately turn down hard after hitting the top of this rising wedge.
Confluence - DXY has already broken bullish from its falling wedge. DXY and Bitcoin are macro negatively correlated (long-term they will eventually do the opposite, even if they do the same thing short-term).
Bitcoin and Bitcoin Dominance may be about to move up should the 52% dominance level be successfully held.
Expecting a sharp move up to 55-57% for dominance and 40-43.5k for Bitcoin, and alts to lose value vs. Bitcoin:
Should the 52% level be lost, we may re-test 50 or 48% dominance levels instead.
Bitcoin needs to cleanly break through the 36.5-40k area to...
1.) The 50/200 day EMA are about to complete a death cross (the 50/200 day MA have already done so, not shown above)
2.) The weekly price action has formed a rising wedge
3.) Price stalled out at the first area of resistance, failing to reach as high as the candle close from July of 2021
4.) Weekly RSI has printed a head and shoulders pattern and looks like it...
FARM (Harvest Finance) has been bottoming out for quite some time.
If it can move above the upper yellow horizontal, it will get enough momentum to break above the falling wedge on the weekly, and we could finally see a strong move 3-4x or more.
CRYPTO:HBARUSD has a confirmed double-bottom on the daily.
- closed above the 50 and 200 day EMA and MA
Targets = 5.8 & 6.1 cents
Not shown on this chart: a move above 6-6.2 cents may confirm a larger move up via a wedge break on the daily bar chart, but may face resistance around 7-8 cents and needs to get above 10-12 cents to move towards...
Markets (stock, crypto, forex, precious metals) may be in big trouble if the weekly close tomorrow remains above this wedge, and we head north of the two targets posted above.
TVC:DXY has broken above a falling wedge after testing the top of monthly support.
On its attempt to test monthly support, over two weekly candles, both closed above it and wicks failed...
Crude chart depicting what a crash in the Q1 of 2024 may look like as it relates to TVC:DXY
Similar scenarios could occur across multiple markets including the BNC:BLX and OANDA:XAUUSD
Depicted here showing TVC:DJI making a double top with a slightly higher ATH as the US Dollar Index re-tests monthly support and the top of a falling wedge before...
COINBASE:SUKUUSD looking at the possibility of the beginning of a monster move up from a double-bottom within a double-bottom.
High risk low cap - initial targets 3-4x if we get it.
Potential for the 10x move conditioned upon confirmation of the 3-4x move.
Daily double-bottom zoomed in below:
This is a simple theory that COINBASE:HBARUSD can be divided into two parallel uptrends on the weekly:
one that acts as support
another that acts as resistance
When it first broke out of parallel support, it made a 2.5x measured move up, and then dropped back down near the 1.5x measurement, forming what would become parallel resistance after making a...
Published this on Twitter quite some time ago, it still appears relevant and is potentially approaching the end of Phase C (if it isn't extended for longer).
Here's how this was supposed to look, TV seems to be scaling things when we include a photo or screeencap in our charts:
Embracer confirmed a head and shoulders and broke its recent lows. It looks to be headed further down towards 17 and then 15 sek approximately.
Now, it is possible that we see a re-test of the neckline, which could provide some relief or even a possibility of getting out of lows here, but it would need to break and hold above that for that to occur.
Quick and simple chart showing shorter term targets for the HBAR daily chart, bull and bear, with support and resistance.
I think there's a good chance at this point that we hit the area within the green box, likely on the dot on the top and bottom, prior to moving up.
However, there's still a possibility that we reclaim the uptrend recently lost, after having...
A quick look at how Bitcoin could drop as low as 25-26k or even 22-23 and remain bullish.
Bitcoin first broke above an inverted HS, which ultimately led to a parallel channel breakout on the weekly chart.
We haven't yet re-tested the top of that channel.
A re-test doesn't always occur, but if it does a re-test at 25-26k is easily still bullish and remains...
The US Dollar Index TVC:DXY is negatively correlated with the macro Bitcoin BNC:BLX chart.
Indicators like the Correlation Coefficient indicator will display swings from negative to positive correlation between TVC:DXY and $INDEX:BTCUSD. This can lead to a belief that they are not in fact negatively correlated.
But, when you zoom out to a macro view of...