ETH/USD is in an Ascending Triangle Pattern. We also have what could be a Double Top as well.
Ascending Triangle Pattern = Potentially Bullish
Double Top = Potentially Bearish
Here is a closer look at this 1day chart. Note the Liquidity Void being filled up at the moment.
Here is a closer look at the RSI. Momentum is downwards at the moment but note the over...
On Monday, BTC had finally crossed above and broke through its major resistance area located on this 1 week charts at $32,415 - $27,785.
BTC is still in a Rising Wedge Pattern as well as an Upwards Channel Pattern.
BTC is still in a massive Megaphone/Broadening Wedge Pattern otherwise known as an Ichimoku Y-Wave Pattern.
Take Note of the Liquidity...
We have what looks like Hidden Bullish Divergence with the Price and the RSI indictor on this BTC/USD 1D chart.
We can also see that we have 2 liquidity voids that need filling up so a further drop is also a possibility.
Here is a closer look at the BTC/USD 1 day chart:
At the moment of typing this BTC/USD is ranging sideways within the range of around $31,479 and around $29,627 as highlighted by the Horizontal Dotted White Lines with Yellow Shading.
BTC/USD is in a Ichimoku Y-Wave Pattern otherwise known as a Broadening Wedge Pattern or a Megaphone Pattern on this 1 day...
Looking at this Daily BTC/USD Bitstamp chart from around Oct 2020 to 29th July 2023 (today) we can see a few obvious chart patterns that BTC is still in on this daily chart.
1) Ichimoku Y-Wave Pattern AKA a Broadening Wedge Pattern/Megaphone Pattern
2) Ascending Channel Pattern
3) Descending Channel Pattern
4) Rising Wedge Pattern
We can clearly see the...
VeChain update with my opinions and what i plan to do if my opinions are correct:
Here is a closer look at the 1 day VET/USD chart:
While VET did have a nice move up from $0.0152 to $0.032, that impetus is gone and VET is now making Lower Highs and Lower Lows.
VET is still in its Descending Channel Pattern.
VET is back in the Bearish Zone of the...
Here is a close up of the Ichimoku Kinkō Hyō indicator:
Many people do not know that the Ichimoku Kinkō Hyō cloud system has its own Number, Wave, Target Price and Timespan Theories. After years of study, the numbers that Goichi Hosoda choose for his system are 9, 17, 26 as the basic numbers with 33, 42, 65, 76, 129 and 200~257. These numbers are...
BTC/USD Volume Analysis - Bitstamp 1 month chart.
BTC is still in a massive Ichimoku Y-Wave Pattern, which is like a western Broadening Wedge Pattern.
BTC is also in a massive Ichimoku P-Wave Pattern, which is like a western Symmetrical Triangle or Pennant.
BTC is also in a massive Rising Wedge Pattern.
I have also added in various Support and Resistance lines...
Quick BTC/USD analysis of the last few Months:
Looking at the Price and the Relative Strength Index (RSI) Convergence/Divergence:
From Tuesday 13th Sept 22 until Saturday 5th Nov 2022 we had Convergence with the Price and RSI which indicated a reversal was most likely on its way.
Price = HH - LH (Higher High - Lower High)
RSI = HH - HH (Higher High - Higher...
VET/USD very quick update.
Here is a closer look at this VET/USD 1 day chart:
VeChain is in a new smaller Descending Channel which is in a massive Descending Channel. VeChain is also in a massive Symmetrical Triangle.
At the moment of typing this, VeChain is still in the Bullish Zone above its Ichimoku Cloud.
At the moment of typing this, VeChain is still...
Here is a closer look at BTC in its Ascending Channel Pattern:
This is just a quick chart post with a Ichimoku Y Wave Pattern, an Ascending Channel Pattern and an Ascending Wedge Pattern.
Which one will win???
BTC/USD 1 day chart quick update.
Here is a closer look at this 1 day chart.
BTC is in an Ascending Channel Pattern.
BTC is still in a Falling Wedge Pattern.
BTC is still in a Descending Channel.
BTC is still in a massive Ichimoku Y Wave Pattern.
At the moment of typing this, BTC is fighting to stay back above its 200MA. If BTC CLOSES this or tomorrows daily...
Let’s have a look at the BTC/USD 1 week chart and see what this chart and indicators are telling us.
BTC is still in a massive Falling Wedge Pattern.
BTC is also still in a massive Ichimoku Y-Wave pattern.
Note that the 50MA is still traveling DOWNWARDS towards the 200MA so we still might see a Death Cross on this 1 week timeframe.
At the moment of typing...
Using Sine-waves, we can clearly see that BTC/USD has followed a Cycle Pattern of 8-Bars so around 1461 days to achieve a new maximum ATH Candles before a cycle back downwards. Note that each half cycle is between 730-731 days.
If this cycle pattern is correct, we can expect the next maximum BTC ALL TIME HIGH to be achieved anywhere around the 6 Month Candle...
S&P500 1 Day Chart:
Short Price Target
V Calculation Negative
V = B - (C-B) = D
C $4,102 - B $3,491 = $611
B $3,491 - (C-B) $611 = $2,880 Price Target
A to B = 41-Bars (42-1)
B to C = 34-Bars (33+1)
C to D = 75-Bars (76-1) (41+34=75) Wednesday 22nd March 2023
The Ichimoku Conversion Line (Tenkan Sen) looks like it is about to...
Looking at the BTC/USD 1 week chart, we can see that the 50MA (Yellow Line) is now getting really close to the 200MA (Red Line). A crossover would signal a Death Cross on this 1 week timeframe.
Looking at the entire history and available data on this BTC/USD 1 week chart, we can see that the 50MA has never crossed under the 200MA on this 1w timeframe. Note that...