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Harmonic Patterns

Bitcoin Chart Analysis – May 28, 2025We are the SeoVereign Trading Team. With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum. 🔔 Follow us to never miss a market update.' -------------------------------------------------------------------------------------------------------- Currently, on the chart, it is clear that a harmonic pattern, specifically the Bat Pattern, has been formed. The Bat Pattern is interpreted as a strong reversal signal based on the ratio structure between highs and lows, and especially, a rebound in the PRZ (Potential Reversal Zone) area acts as a highly reliable entry signal. In this case as well, a strong rebound has been observed after the price reached the PRZ zone, which can be seen as technical evidence supporting the validity of the pattern. Also, according to the Elliott Wave Theory, the 5-wave structure has now been confirmed. This indicates that the final impulse wave of the 1-3-5 wave structure has been completed, and typically, after this phase, a corrective wave (ABC pattern) or the start of a larger fractal wave follows. However, since both the harmonic pattern and wave analysis simultaneously support an upward movement, it is judged that an additional upward trend is likely to unfold in the short term. Therefore, the future price movement can be projected with the following three target levels: 1st Target: 108,247 – A short-term resistance level that needs to be monitored for price reaction. 2nd Target: 108,707 – This level overlaps with a previous high, and its breakout will serve as a criterion for determining trend continuation. 3rd Target: 109,167 – Set as a mid-term bullish target, and if the upward wave extends, this is a major resistance level with high potential to be reached. In conclusion, entering at a zone where multiple technical indicators align tends to be a strategy with favorable risk-reward characteristics, and at this point, it is judged that the short-term outlook remains bullish. However, it is also emphasized that setting a stop-loss level and managing risk must be done concurrently.
Long
by SeoVereign
Today's BTC trading strategy, I hope it will be helpful to youBitcoin is currently within a recent price volatility range, and while the overall trend remains unclear, combined with news from the Bitcoin Conference, there are multiple factors conducive to going long. From a policy perspective, the Bitcoin Conference revealed that some countries may shift their regulatory attitudes toward cryptocurrencies. If subsequent countries announce the relaxation of Bitcoin regulations and allow more legitimate investment channels, this will directly stimulate market capital inflows. It is akin to opening a floodgate for capital, as a large number of investors will pour into the market to buy Bitcoin due to policy tailwinds, driving prices higher. In terms of market confidence, if experts and institutions at the conference unanimously express optimistic expectations for Bitcoin, believing it has significant upside potential, this will greatly ignite market enthusiasm for long positions. When market participants are confident in the future, they are more willing to buy and hold Bitcoin, further supporting price increases. From a technical standpoint, if the conference announces a major breakthrough in Bitcoin's technology—such as a substantial increase in transaction speed or a significant reduction in transaction costs—Bitcoin's practicality and attractiveness will be greatly enhanced. The improvement in its intrinsic value will also be reflected in its price, attracting more capital to go long. Today's BTC trading strategy, I hope it will be helpful to you BTCUSDT BUY@107000~108000 SL:105000 TP:109500~110000
Long
by AndyHopkins
Bullish bounce off pullback support?CAD/JPY has bounced off the pivot, which has been identified as a pullback support that lines up with the 38.2% Fibonacci retracement and could rise to the 1st resistance. Pivot: 104.26 1st Support: 103.24 1st Resistance: 106.19 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
Altcoins The Moon AwaitsLike always, everything is clearly outlined on the charts : - As a trader, it's crucial to follow logic and technical analysis. If you get caught up in the news and listen to everyone on Twitter, you won't last long. - The first major altcoin rally was in 2018, pushing the market to $300 billion. This level later acted as a key support throughout the 2022–2023 bear market. - The last all-time high for the crypto market (excluding Bitcoin and Ethereum) reached $1.15 trillion in 2021. ( blue doted vertical line ) - This all-time high was retested in December 2024, with this ATH acting as strong resistance. ( second blue doted vertical line ) - The next move could be a breakout above this resistance. According to Fibonacci projections, the altcoin market has the potential to reach $4 trillion. While the spotlight remains on Bitcoin and ETFs, altcoins could catch up with a sudden and powerful surge, so make sure you’re not left behind. Hodl! Happy Tr4Ding !
CRYPTOCAP:TOTAL3Long
by thecryer
Bullish Turbine to 10x Digital Turbine has completed a multi-year downtrend and recently broken out of its descending channel with conviction, supported by historically high volume (🔶 orange arrow). The breakout above the $3.45–$4.65 range confirms the start of a new bullish cycle. 🔑 Key Technical Highlights: 🔻 Red arrows mark major rejection zones 🟦 Breakout above prior downtrend line and heavy resistance 🟧 Massive volume surge on breakout → institutional accumulation likely. 🟢 Green volume bars show sustained demand post-breakout. 🔵 Blue arrow highlights the key retest of broken resistance, now acting as support 🎯 Bullish Path Forward: If earnings support the technical structure, price is poised to: Reclaim $6.12 → target $9.05 (mid-resistance) Break $9.05 → open the path toward $21 and $32 StopLoss is set at $3.40 . Anything under this level invalidates scenario
NASDAQ:APPSLong
by HernandezCapital
CLSK / 2hNASDAQ:CLSK  well continued to decline by 23% since the May high >> 11.04. It would be considered just as an initial development of correcting down in Minute degree wave ii (circled). Wave Analysis  >> 23% continuous decline, exceeding and closing the week under the boundary line of the leading diagonal all highly confirms that the correction in wave ii (circled) is quite well underway. It should be a relatively deep retracement and will take the coming few weeks. The first retracement target >> 7.93 The next target >> 7.24 #CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
NASDAQ:CLSK
by ElliottChart
CLSK / 4hNASDAQ:CLSK  well continued to decline by 23% since the May high >> 11.04. It would be considered just as an initial development of correcting down in Minute degree wave ii (circled). Wave Analysis  >> 23% continuous decline, exceeding and closing the week under the boundary line of the leading diagonal all highly confirms that the correction in wave ii (circled) is quite well underway. It should be a relatively deep retracement and will take the coming few weeks. The first retracement target >> 7.93 The next target >> 7.24 #CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
NASDAQ:CLSK
by ElliottChart
RIOT / 2hNASDAQ:RIOT  continued to decline by 17% since the May high >> 9.52, as anticipated. Trend Analysis  >> Respecting the wave structure of the leading diagonal in which the 5th wave has revealed an ending diagonal and 17% continuous decline, all quite well indicate that the anticipated correcting down should be a relatively deep retracement. And it will take a few weeks ahead. The first Fib-retracement target >> 7.68 The next targets >> 7.30 >> 6.79 #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
SOLANASolana (SOL) Current Bias, Dollar Relationship, and Bitcoin Correlation 1. Solana’s Current Bias Bearish Pressure: SOL is trading near $160, down ~5% in 24 hours due to token unlocks, declining memecoin activity, and technical resistance at $187 . Key support levels: $158–$163 (50-day EMA) and $140–$142 (critical demand zone). A drop below $142 risks a deeper correction to $133 . Medium/Long-Term (2025–2026): Bullish Outlook: Analysts project SOL could reach $275–$500+ by late 2025, driven by institutional interest, ETF approval prospects, and network upgrades . 2. Relationship with the Dollar Index (DXY) Inverse Correlation: A stronger dollar (DXY↑) typically pressures SOL and crypto markets. Recent DXY surges have coincided with SOL’s 30% decline . Current DXY Context: Testing 98.4 (May 2025). A breakout above 101.99 could further weaken SOL, while a drop below 97.92 may revive bullish momentum . Fed Policy Impact: Expected rate cuts in 2025 could weaken the dollar, indirectly supporting SOL’s recovery . 3. Solana vs. Bitcoin (SOL/BTC) Mixed Performance: 30-Day Trend: SOL is up 10.98% against BTC, reflecting relative strength in altcoin markets . Recent Dip: SOL/BTC fell 5.75% in 24 hours to 0.001524 BTC, signaling short-term BTC dominance . Key Levels: Resistance: 0.001633 BTC (May 24 high). Support: 0.001524 BTC (current level); breakdown risks a test of 0.0014 BTC . Summary Table Factor Solana (SOL) Price (USD) ~$160 (down 5% in 24h) DXY Correlation Inverse (stronger USD = weaker SOL) BTC Correlation Mixed (recent gains vs. BTC, but short-term dip) Key Support $158–$163 (EMA), $140–$142 (demand zone) Key Resistance $187, $220, $243 2025 Bullish Target $275–$500 (institutional forecasts) Critical Factors to Watch Fed Policy: Rate cuts could weaken DXY, boosting SOL. ETF Developments: Approval odds for SOL ETFs may drive institutional inflows . Technical Breaks: A daily close above $183 could reignite bullish momentum toward $200–$210 . Network Activity: Declining memecoin trading volumes and MEV concerns pose short-term risks . Conclusion Short-Term: SOL faces bearish pressure from DXY strength and technical resistance, but the $140–$158 zone is critical for maintaining bullish structure. Long-Term: Bullish institutional forecasts and potential ETF catalysts support a $275–$500+ trajectory by late 2025. Bitcoin Influence: SOL’s recent outperformance against BTC may resume if altcoin markets rebound, but BTC dominance remains a headwind. Traders should monitor DXY trends, Fed rhetoric, and SOL/BTC technical levels for directional cues. #SOL #CRYPTO #BITCOIN
Long
by Shavyfxhub
NAS100 BEARISH FOR 35,532 TICKS1. Understanding the Target (35,532 Ticks) 1 tick in NAS100 (CFD/Futures) typically represents 0.25 index points (varies by broker). 35,532 ticks = 35,532 × 0.25 = 8,883 points. This suggests a long-term bullish outlook if starting from current levels (~18,000-19,000). 2. Key Analysis for NAS100 Forecast Trend: NAS100 is strongly influenced by tech stocks (AAPL, MSFT, NVDA, etc.) and Fed policy. Support Levels: Major support at 18,000-18,500 (2024 consolidation zone). Resistance Levels: 19,500-20,000 (ATH zone). 21,000-22,000 (next psychological barrier). 3. Take Profit (TP) Strategy If entering a long position (assuming bullish trend continuation): Short-term TP: 19,500 (scalping). Medium-term TP: 20,500-21,000 (swing trade). Long-term TP (35,532 ticks): ~26,883 (if starting from 18,000). If entering a short position (unlikely given bullish bias): TP at key supports (17,500 or lower). 4. Risk Management Use stop-loss (SL) below key support (e.g., 17,800 for longs). Position sizing: Risk ≤1-2% per trade. 5. Conclusion Bullish Case: If NAS100 breaks 20,000, the 35,532-tick (8,883-point) target could be possible in a strong bull run. Bearish Case: Unlikely unless major crash (Fed tightening/geopolitical crisis).
FX:NAS100Short
by LORDOFTHETRADERS