Either this is part of a Large Pennant or the most recent moves being a "Bump-and-Run Reversal Bottom". Either my long will look good unless major pullback? thepatternsite.com Targets :$1795, $1831 & $1929.
The three candles circled in yellow made me go from bearish to bullish quite quickly which you can not always see just looking at the old pattern which was a Bearish Gartley! thepatternsite.com
Reversed short pattern having seen an interesting bullish candlestick pattern on this 4hr time frame! thepatternsite.com
Some heroic stabilisation by some exchanges to keep her high but I feel it is delaying the inevitable! Of course this just my opinion. Target : $1650 & $1550
Pattern seems to be playing out nicely against all the odds ~ target as per chart. thepatternsite.com
Given that the Bearish Gartley looks to have been confirmed I have plotted the possible path ....but obviously subject to interpretation and market conditions? Target : Downside $1208 approx.
Weak volume, overdue correction is this the answer?
Not complete yet but strong enough sell signals to go all in!
After what I believe to be the short term top we maybe in for a bigger downward move with targets as per chart?
I think this is classic text book Technical Analysis as shown in Bulkowski's Ending Diagonal :- thepatternsite.com
Pennant Tilted Target not reached now believe Ending Diagonal now in play? Targets unspecified at moment following fib retracement!
I think this pattern maybe forming so market still very much in confluence as to direction?
Both triangles at the moment could be said to be valid and so time will tell!
Obviously this pattern has it Target : $1936
First we had a symmetrical triangle followed now by a Pennant Tilted and so Bitcoin goes forward sitting now on the long term Pitch Fork 0.618 median quadral at £1443. Target : £1507 or $1944
Definitely at a turning point short term as to whether or not the Pennant Tilt or Ending Diagonal which I favour wins?http://thepatternsite.com/EWDiagTriangle.html Support / Resistance as per chart!
Only in its infancy so could easily be busted but its showing all the characteristics i.e. volume spikes. So have two near term targets : $1665 & $1818.