Pattern: Bullish channel on 1D. Signal and Targets: Slow rise as long as it stays inside the Channel. Strong bullish move if the Higher High line breaks (TP 164.00). Strong bearish if the 122.65 support breaks (TP 102.30).
Target: 0.47000 (+320% rise based on the previous similar bullish sequence).
Pattern: Channel Down on 1W. Signal: Bullish as the price is coming off a low trading sideways. Target: 0.08000 (the projected Lower High of the pattern).
I am trying to compare two sequences. The first from February 6th to November 13th 2018. The pattern was Lower Highs (if you remember each high was on 0.618 Fibonacci from the previous one) and the 5800 - 5900 level supported this consolidation until it violently broke down - 50%. The second is the current pattern. Higher Lows from November 28th 2018 to today...
The chart of China DYF says it all. Parabolic growth after parabolic growth. Reminds you of something?
Pattern: 1D Channel Up. Signal: Bullish if the narrower 4H Channel Up breaks upwards. Target: 12.5400.
Pattern: Channel Down on 1W. Signals: Bullish if the inner Lower High line breaks. Target: 0.07000 (outer Lower High).
Pattern: Ascending Triangle on 1D. Signal: Bullish after the 1W Channel Down Lower High line broke. Target 8.4400 (1W Resistance).
Pattern: Channel Down on 1D. Signal: Bearish after a Lower High was made today. Target: 0.93200.
Bitcoin currently gives the idea of a neutral price action. The reason for this sideways movement may be this bullish Channel. If the extreme events of the 3400 low (pushed for a 1W bottom test and failed) and the 4300 high (pushed for a 1W top test and failed) are isolated, we can see how this channel is remarkably steady on its Higher Highs and Higher Lows. I...
Pattern: Channel Up on 1W. Signal: Bearish on two marks. 1st the 97.70 Resistance. 2nd the 98.75 estimated Higher High. Target: 96.00.
Pattern: Ascending Triangle on 1D. Signal: Bullish only if 0.0134 breaks upwards. Target: 0.0020.
Pattern: Parabolic rise on 1D. Signal: Bullish after the last similar fractal shows there is still at least one more leg upwards on the pattern. Target: 17.600.
Pattern: 1W Triangle. Signal: Bullish based on a similar fractal sequence of the Higher Low line. Target: 20.3500 (Triangle's Lower High at -1.42%).
Pattern: 1D Channel Up. Signal: Bearish as the price has been rejected on the 1W Resistance. Target: 11380 (the Channel's Higher Low).
Similarities of now (2019) and then (2015) showing that the bottom is already in and after some months of consolidation we will start seeing higher and higher prices. * RSI 2019: the RSI peaked at 96.2700 on the ATH then dropped to 43.800, near the level it is currently consolidating. The bearish MA cross took place with the RSI at 53.550. 2015: the RSI...
Pattern: Bullish fractal. Signal: Bullish. Target: 6.500 (test of the Resistance trend line).
Pattern: Channel Up on 1D. Signal: Bullish once 1) the price test the Higher Low and 2) completes a -8.65% pull back. Target: 1600.