Stock has completed its Correction phase and found its lowest at 860, much below the 1700 IPO listing. Stock seems to be forming a new Higher High and Higher Low Pattern since Oct 2023. Also it can be seen following the Trendline as well. A Hammer on the weekly close last week, could indicate a strong support forming exactly on the Trendline, which is a good...
Interesting weekly candle, a hammer that needs confirmation in the next 2 or 3 weeks. These types of patterns require confirmation within the following 2/3 sessions, they represent a retracement in the majority of cases, only if seen on the top or bottom can they represent a reversal, here we have no such scenario, the candle has manifested itself during an...
5 weekly sessions have passed since the ATH, if this was a correction we could see an increase in volatility and perhaps even violent bursts, aimed at eliminating as many small fish as possible from the market. This area around 69k usd is a very important resistance, having been a high that lasted 3 years, it will not be easy to break it, something would be needed...
The price is marking new highs relating to the intermediate period, this macd, as I have written several times, is configured for the intermediate period (approximately 3 months). At this moment the indicator is marking new highs compared to those made in December 2023, so it is telling us good news, because this in progress could be a new bullish "leg", a new...
With the explosion of the rise that broke the old highs relating to the intermediate period, the price proves to have reliable bullish strength. The Macd highlights that with this crossing, between the signal line and its moving average above the zero line, the short-term correction could be over, therefore a resumption of the upward path again in the intermediate...
Weekly candle that expresses volatility and directionality, the perfect mix for a strong and constant trend. The rise is evident to everyone now, a break of the highs at 49k usd would lead to the test of the highest resistances such as 58k usd for example. This scenario would put an end to the intermediate-term correction and with a resumption of the bullish...
It's been a while since I published an analysis with a 1h timeframe. Well, the price of btc created a lateral trend (from 30 sessions upwards), establishing two levels in which it moved for a week, then the breaking of one of the levels brought a resumption of the rise and an increase in directionality associated with volatility, with a break visible to all. In...
With the exceeding of 43.8k usd which is the maximum achieved last week, an attack on the most important resistances could take place or perhaps directly at the maximums achieved in January, this or next week. The hammer from two weeks ago, which requires confirmation, needs a close higher than this high taken into consideration today, because at that point the...
After the huge dip we had today in the markets, I would say that the correction is finished. This means that, probably, we are in the beginning of a 3rd wave and the end of an abc pattern. This wave would reach, at least, the 1.618 extension of the 1st wave projected in the end of the second wave. Remember that the 3rd wave usually extends to some degree, so the...