SPX previous failed range support but currently double bottomed and retested previous support. If this is a bearish retest than we can see SPX drop again to local support at 3900. However the RSI broke out of its bearish trend signaling a possible continuation to 4500.
Link has been struggling in a subrange but has painted many bullish patterns that suggested a rise to higher levels. One of which is a diamond bottom reversal pattern that I covered previously. It also broke out on the upside of a bearish descending triangle and currently retesting it and the support of a rising channel. the RSI has been in an uptrend while price...
Total Brokeout of a mid tern descending channel, broke above the 4h 200 ema and retested it with support. Probable retest of the channel and support from the 4h 200 ema again then to the measured move of the descending channel at 1.33 Trillion above the 21 weekly ema.
And was rejected from long term descending channel. RSI broke trendline. Likelihood of a relief rally in Crypto is high.
This is a continuation of a previous idea. The market has been limpish and the change in trend was not brisk. Instead we get a lot of consolidation with a bullish bias. This indicates that whales are hunting for liquidity and will rise the market just to liquidate shorts. The market will eventually collapse when all liquidity is mopped up, but in the meanwhile...
BTC1! is in falling wedge at falling channel support after printing a diamond pattern on the CCI. RSI in a descending channel and bouncing of support. Breakout of the falling wedge has a measured move of 39.8k which will close the two gaps at 28.8k and 35.6k.
BTC Broke out of falling wedge with first target at 32.2k and the second at 48.2k. RSI in an uptrend. Retest of the wedge is possible.
FTM broke down from multiple rising channels and is in a very bearish configuration. But price action is in falling wedge, and retest of the rising channel is possible.
The potential for a market upside is high. Currently price action is consolidating and there is an accumulation pattern a breakout to the upside will usher further move upward. A perfect Gartley may be in play. Retest of the 4H 200ema is foreseen and then a retest of the previous range support at 1.17 trillion. CCI is in an uptrend. MSNBC and Jim Cramer said...
BNB broke an intermediate trendline and can form a C fork. There is a potential gartley harmonic forming which will lead to further rise because of the break of the c fork. CCI in oversold which may indicate further uptrend.
Market looks like it will stop falling for now. There is short term accumulation.
BTC printing an inverse head and shoulders, with a measured move at 25.5k, after many weeks of red and bouncing of strong support at 17.5K. Bullish divergences on RSI and WT lazy bear indicator. It is possible that price will continue to the falling channel's resistance at 34.5k confluent with the 0.382 of slanted longterm fib from my previous idea.
Will let crypto breath. About to break down from the upward channel on the CCI. Double top printing after rejection wick into resistance.
Link has formed a double bottom with a possible breakout of the descending channel. First targets are $7 and $8. Break out of the descending channel has a measured move at $18. The 1.618 of the double bottom is at $12.15 . The CCI is currently in an uptrend.
Link is a printing a major diamond reversal on the 12H. If the pattern is validated the measured move is 18$ with TP at 12$. Failure is being range bound. CCI pulling out of oversold.
Longterm projection using fib channels, circles and patterns. Build on previous long-term projections. The crux of the idea is a longterm falling wedge and its breakout. Fib circle gives timing. 2023 is the return of the bull market. September is the bottom.
Some chartists are claiming that LTC on HTF is forming a cup and handle. This is hard for me to see because the bottom of the cup is jagged. It is more fitting that price action is following harmonics and channels which I denoted. This idea follows a previous idea that $67 LTC is possible. Currently it seems price is bound in a descending channel which many...
Price action is crabbing and range is narrowing within a descending triangle. Price expansion can result in dips that revert and breakout of the triangle like in July '21. CCI is descending indicating weakness. Crypto weakness stems from weakness in the stock market and strength in the dollar. Stocks will also range before breaking upward.