$140K USD for Bitcoin in 2025!!! It appears as though Bitcoin is trading in a descending channel, with a potential breakout happen in the near term.
BTC has tested the downward sloping resistance of a descending channel pattern multiple times, each time BTC is creating a lower high & a lower low, which is inherently bearish.
The williams alligator is also displaying a bullish cross & the bands are widening in an upward direction, which is a bullish indicator.
Bullish cross on the KST as well. I have placed upward arrows at each bullish cross in the recent past showing a direct correlation to upward price swings.
Bullishcross
Ascending Triangle breakout for GTII GTII appears to be one of the cannabis companies in America holding their market cap relatively intact.
There is an ascending triangle pattern on the verge of breaking out, and like clockwork cannabis reform in America is a hot topic to capture voters of all ages.
“There’s no excuse for our not being in the forefront for something that is now legal for 97 percent of the American public and, where people have a chance to vote, they vote to change the policies,” Blumenauer said. “I am hopeful that we can see some action following through on the legislation I passed—but, more importantly, on the things that the American people want.”
Ascending Triangle breakout for CRSP....It appears as though CRSP is forming a micro ascending triangle that is likely to result in bullish momentum....
The Williams Alligator is widening to the upside and there was recently a bullish cross.
This is inherently bullish, but could always change in an instant....
BTC did it 2 times in its whole history! at least 58K in 2023? Hi dear community and my loyal followers. As you remember I posted earlier if BTC monthly candle closes above 5D GC/ 25.8K/ better above middle line of weekly GC /27.6K/ #BTC downside action will be limited and it will hit min 58K in 2023)) based on 5D GC and 52K based on weekly GC. BTC managed to close monthly candle above 28476 USD which is above 5D GC upper band and middle line of weekly GC. BTC also succeeds holding 200 weekly MA and it is consolidating below 28.5-29.3K main resistance. As soon as it is broken 34-35K will be on the table. I expect BTC to consolidate between 25.2-29.2K for 3-4 weeks and give room for alts to explode. I expect mini alt season in April as soon as Total 2 main resistance is broken/look below/. BTW based on current projection, the most bullish cross in BTC history will occur on May 1 2023. It happened 2 times in its whole history/no false signals/ and it marked officially bull market start. Check that Monthly 8 & 21 EMA bullish cross chart below.
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BTC bears will be destroyed! Don't expect lower prices. I warn all BTC bears last time. BTC has already bottomed at 17.5K on 18.06.2022 as I posted at the same day in June. Don't expect lower prices and don't miss such kind of buying opportunity.
I'm looking at weekly timeframe. If you look very carefully you will notice the same, identical green circles before falling V pattern at 0.38 fib level which happened 3 times in BTC history and marked BTC bottom.
Bellow magic indicator has crossed bullish recently which did also 3 times bellow 0 line in history and marked start of new bull run. When this indicator crosses bullish at weekly timeframe BTC bottom was already in. So don't expect lower prices.
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Acreage is flirting with the resistance of a descending channel Bullish cross on the KST & Williams alligator.
The stock is getting very close to the 200DMA.
JSDA is showing bullish momentum! Ascending Triangle?Bullish cross on the KST where I've placed a blue thumb up.
Bullish cross on the Williams alligator with widening brands to the upside, inherently bullish indicator.
Playing peekaboo with the 200DMA.
A break above the 200DMA & 55c to 70c incoming real quick, maybe entering the cannabis sector is the type of move that will eventually attract volume to the newly CSE listed ticker for Jones Soda. Lots of great reviews on Mary Jones IN California.
Expect strong resistance at 80c if bullish momentum continues into the new year.
The trend is your friend, let it run!!The bullish momentum is undeniable since breaking above the 200 DMA in September.
Bullish cross on the William Alligator in September coinciding with the 200 DMA bullish cross.
On the Williams alligator, the bands expanding/widening in an upward motion, inherently bullish. But if I am commenting on the stock a Grizzly bear is lurking in the bushes...
8-dollar resistance, 18-dollar resistance, then 28, trade-ups and downs, it's. going to be a rollercoaster!
Thinking to buy the dip? Look at the 100 years channel...Since 1929 the S&P500 climbed 3 times above the resistance of his 100 years channel.
The first one was just before the 1397 recession, the second one was for the dot-com bubble, and the third one was... 18 months ago!
Each time this high was followed by a crash, and a new bull market began only after the lower band of the RSI was touched.
Jeremy Grantham (the most famous worldwide bubble specialist) is talking about a "supperbubble".
He is known for having accurately predicted the Japan bubble in the 1980', the dot-com era and the mortgage crisis. Making money when others were panicking.
The overvaluation of the stock market is well seen when looking at the Nasdaq100 35 years channel:
Btw the Dow Jones Composite index is still in his channel.
Hence, the bubble seams to be mostly a tech bubble.
You will find right below the words of J. Grantham, speaking about his "superbubble" and the bull market of June-August 2022.
"One of those features is the bear-market rally after the initial derating stage of the decline but before the economy has clearly begun to deteriorate, as it always has when superbubbles burst,"
"This, in all three previous cases, recovered over half the market's initial losses, luring unwary investors back just in time for the market to turn down again, only more viciously, and the economy to weaken. This summer's rally has so far perfectly fit the pattern."
"My bet is that we're going to have a fairly tough time of it economically and financially before this is washed through the system. What I don't know is: Does that get out of hand like it did in the '30s, is it pretty well contained as it was in 2000, or is it somewhere in the middle? The U.S. stock market remains very expensive and an increase in inflation like the one this year has always hurt multiples, although more slowly than normal this time. But now the fundamentals have also started to deteriorate enormously and surprisingly: Between COVID in China, war in Europe, food and energy crises, record fiscal tightening, and more, the outlook is far grimmer than could have been foreseen in January."
And if you want to read even more, click on this link: www.barrons.com
Some bulls are currently looking at the bullish cross between the 100MA and the 50MA. Daydreaming, saying that it would be one of the most bullish sign ever.
Forgetting that this cross is also found right in the middle of the dot-com bubble crash and the mortgage crisis crash.
To plot these charts yourself -> use a month period and click on "log" (at the bottom right) to be in "log scale".
By the way I am not currently shorting the Nasdaq100. I am back in technical analysis since only the beginning of august, and I need more key elements to open new positions.
I will keep you in touch when I will open its! ;)
The $BTC rally is gaining traction and hitting key levelsI am still bullish on Bitcoin very long term, but in the short run, things are slightly uncertain but starting to look rosier. The bulls seem to be taking control now with BTCUSD now making higher highs and higher lows. It appears that the momentum has switched to the upside as the 20-day moving average has crossed up through the 50-day moving average; indicating a potential change in trend. It has also just reached its .236 fib level at 24,261.96 and has been fighting it.
BTCUSD appears to now be at a decision point with 3 choices:
1) Hold & break .236 Fib level and truly establish an uptrend
2) Build a big base with a lot of accumulation at the .236 Fib level as bulls and bears duke it out (setting up for a very large directional move, direction unknown)
3) Lose hold of the .236 Fib level and head lower showing bears still have some control/fight left
The previous battleground was the .382 Fib level which is 29,625.82 on bitcoin. The new battleground/key level as previously stated is the .236 Fib level, 24,261.96.
Once bitcoin breaks through the .236 Fib level, I believe it will hit my shorter-term price target of 30k.
Descending Channel Breakout for ADN?!?It appears as though ADN has broken flush to the upside of a descending channel which is drawn as two parallel declining lines drawn green on the chart, notice the rejection nearly exactly at the 200DMA.
On the KST there's a bullish cross where I've placed the green finger. More often than not when the KST gets this over-extended there's a sell-off immediately afterward with the rare exception of a continuation of s parabolic breakout on overwhelmingly bullish news.
A retrace to $1.40 is likely to re-test and build support on top of old resistance.
Or we're going to see a re-test of the 200DMA and a blue sky breakout.
Price target & trading range between $9.00 to $0.60c between now and the end of the year.
Descending Broadening Wedge for TNY?!?!?37c in the next 3-6 months.
Possible decline to 6.5c before a reversal.
Bullish cross on the KST!
Tinley's trading in a descending broadening wedge.
With the Descending Broadening Wedge formation, we are looking for two touches to each trendline.
Both the upper and lower trendlines should fall. The lower trend line should fall more steeply than the upper trendline thus forming the broadening wedge.
Tall and wide patterns work better than short and narrow patterns.
Descending Broadening Wedges tend to breakout upwards.
Swing traders can trade the pattern from top to bottom and from bottom to top.
After the trendlines are formed, as soon as the price touches the upper trendline go short. Cover this short (exit the trade) when the price reaches the lower trendline.
As price touches the lower trendline go long (buy). Place your stop below the lower trendline. Trade price upwards to the upper trendline. Exit this trade here.
When price breaks the upper trendline and closes above it this signals a breakout. Go long (buy) here.
The target is the first (highest) high in the pattern. Which is around 37c CAD for TNY.
TRXUSDT "H1" TriangleAs you can see, the price was fluctuating in a triangle. Now, the triangle broke from above and we had a retest candle on broken trend line which I displayed with an arrow.
Also we have a EMA50 that price could broke that too. Now, we have a resistance in EMA200. STOCHRSI gave us buy signal. We may wait for a pullback and then we can enter a long position. Please check the H4 time frame too with EMA 50 and 200 too. We can hope for a change in the trend (to a upward trend) after the two EMAs 50 and 200 had a bullish cross.
**"Do not base this analysis for your trades. Analysis is purely educational."**
Bitcoin appears to be trading in a bear flag!In dark blue, you can notice a bearish flag pattern forming with multiple bounces off the horizontal baseline of support and what appears to be a series of lower highs underneath a downward sloping resistance line.
A possible Macro H&S pattern would coincide with a blow-off top at the launching of Goldman Sachs bitcoin futures contracts, similar to late 2017 CME BTC futures contracts calling the tippy top. I have drawn a bearish hypothetical scenario in red.
On the RSI there is a series of higher lows indicating a potential bullish divergence taking place. A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.
On the KST there were recently two bullish crosses and it looks like a higher high may be created for the first time since the blow-off top in March/April.
Ascending Triangle breakout to the upside for BTC??!!??On the RSI Bitcoin appears as though it wants to break the downward sloping resistance of a descending triangle.
The upward sloping support of the ascending triangle has seen multiple touchpoints, and the more a trend line is tested the more likely it's going to be broken, the same goes for the horizontal resistance.
The KST is displaying a bullish cross where I have placed the green downward-pointing finger. If you zoom in closely it'll be more noticeable, and it's coinciding with breaching the downward sloping resistance of a similar pattern on the RSI.
It's always possible we see a bearish scenario, I will link a recent post displaying a more macro bearish perspective, but on a micro-level, there's definitely some bullish potential.
IBM is hot again! Swing trade.IBM weekly chart is currently in a downtrend but bullish cross of moving averages and potential break of the trend line could signify a change of trend and a profitable long trade .
I would wait for for the price to break the trend line (black line on the chart) to enter a long swing trade with a stop loss not too far to protect from a failed break.
Levels and targets on the chart.
Trade safe.
TNYBF has broken flush to the upside of a descending channel.It appears as though TNYBF has broken the downward sloping resistance of a descending channel, and upon back-testing old resistance, it has turned into support for the time being.
The Williams Alligator bands are widening to the upside which is inherently bullish and exactly what traders look for in healthy uptrends or a defined shift in momentum.
On the DMI we've seen a bullish cross where I've placed the downward green pointing arrow.
Bullish Flag or Descending Triangle for Hive?Hive appears to have consolidated into a GIANT Bullish Flag or Descending Triangle pattern.
The horizontal baseline of the pattern has acted as support numerous times, and this specific price range has a lot of confluence dating back to early January of this year when it acted as a ceiling resistance before Hive sliced through it like butter surging over $7.00 CAD before selling off.
I have placed green upward arrows displaying three separate support bounces off the horizontal baseline of the pattern formation and red downward pointing arrows where the horizontal it once acted as resistance, inherently bullish considering this same price range has confluence dating back to Nov 2017 and it was acted as resistance back then..
Bullish cross on the KST where I have placed the downward pointing finger.
The DMI is displaying a Bullish twist where I've placed the blue upward pointing finger.
$8.00 CAD price target which is the extension target of this pattern if it plays out bullishly.
COTI/USDT : Pulled back from support zone | 280% Expected gain BINANCE:COTIUSDT
Hello everyone 😃
COTI had a breakout from it's ascending channel on daily chart at 3rd March.
After that it had a rejection of it's higher trendline !
Now, It's pulled back from a stiff support zone and broke the bearish trendline...
It's above bearish trendline and MACD had a bullish crossover.
COTI is extremely bullish; I will add hold a big bag of it with entries !
1st is after a breakout on MA50 and the 2nd one will be after a retest on channel's higher line or MA100.
It's expected to have a retest on higher trendline with possible 200% growth.
📌 MA100 is a good support for movement but MA50 is trying to reject;
However most of signs are extremely bullish, So there might be a retest on MA100 before breakout..
🔴 Have to mention that BTC is not stable yet; So risk management is highly recommended !
Hope you enjoyed our analysis about COTI's extreme growth🙌
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@Helical_Trades