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Bullpennant on 3month logchart for ETH has outlandish targetsIf we went just by the triangle portion of the pennant breakout target, that can take ethereum to 20k. This is potentially a possible target that can be hit during the current bullrun, the second higher target in the 200 thousands is for the entire pennants breakout target. Seems way less likely we can hit that target this bull run but is perhaps not improbable to reach by the bull run after this. Then again, if PlanB’s scenario for bitcoin to somehow reach a million before 2026 actually somehow came to fruition, then the full target of this pennant being reached this bull run would suddenly have some slight probability of happening. You can see here on this chart that to get to Ethereum’s current all time high we basically broke upward from a pennant prior to the current one we are in and the breakout target for that pennant’s triangle portion was just slightly lower than eth’s current all time high. The current pennant’s 20k target for it’s triangle portion only is actually very close to the previous pennant’s full pennant target…so essentially by reaching the current pennants triangle breakout target this bull run we would reach the full target of the the previous pennant breakout from last bull run, making it take 2 bull runs to reach the full target of the previous pennant. This makes me believe in order to reach the full 200k+ target of the current pennant we are in it will likely not occur until the next bull market after the current one. However if PlanB’s million dollar bitcoin before 2026 scenario were to actually play out that would be the one condition where we could see the current pennant reach its target in the current bull run. I know it sounds outlandish and highly unlikely so for now I’ll put that at a very low probability, but a low probability is still better than an impossibility. *not financial advice*
COINBASE:ETHUSD
by DrDovetail
XRP can breakout of logchart triangle once .59 is sold supportThe top trendline of this logarithmic weekly chart symmetrical triangle has played amazing resistance for quite some time now. However since that trendline is a descending one, the price that xrp’s price action needs to maintain as support gets lower and lower with every weekly candle close. Currently, if xrp can flip 59 cents to solidified support and maintain that support for multiple weekly candles it would validate the breakout. By next week’s candle it could be even lower. For the sake of the steroids 589 number that seems to be associated with XRP, it would be fun if the level needed to flip to support to break above was 58.9 cents imo. With the uptrend in the crypto bull cycle seemingly resuming here, the probability of XRP climbing above .589 in the near future and staying above it has greatly increased. Wouldn’t surprise me if the day it really blasts off and confirms//validates the breakout of this triangle coincides with something newsworthy like Gensler resigning or the SEC Ripple case being settled or even dropped. I anticipate a Bullish December, but perhaps even a quite bullish rest of november here as well for XRP It’s already off to a good start to the month so far and hopefully it can keep that momentum going. Always a chance at some sort of temporary Black Friday black swan discounts though so wise to stay vigilant. In order to get as zoomed in as possible on price action for this post, I cut the measured move target out of the frame, but if you were to drag the chart with your mouse(or finger if using a touchscreen) you will see that the target for the breakout of this log triangle is around $10.57 if it were to break above the triangle on the enxt few candles. *not financial advice*
CRYPTO:XRPUSD
by DrDovetail
2
4 potential shorter timeframe triangles on rep 1wk log chartMy previous chart idea which I will link to below showed the monthly timeframe logchart of the 2 potential larger triangles xrp has been consolidating in, so I wanted to also follow that up with a weekly chart timeframe of the the 4 potential smaller triangles we have also been consolidating in so I can eep track of their progress as well. All the potential measured move ines here have been randomly placed so of course where ever it does break upward will likely be slightly different and will only require I readjust those measured move lines slightly at that point only changing their price targets slightly. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
XRPUSD log chart’s triangle pattern on the 1 month chart.Always a chance price action could break above this triangle at any given moment but we can see that the apex of this triangle goes all the way not 2026, so it could also just continue to grind slowly idle ways as well. Hopefully a final ruling in the SEC Ripple case occurs soon and isn’t followed up by any kind of appeal so price action can finally get moving. I am simply posting this chart here so i can keep tabs on this pattern as time progresses. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
Weekly log chart on quant has a easured move target over 1k.The price action currently just closed a weekly candle below the triangle for the first time, however when you take the same measured move line to ensure a breakdown from the channel the result is an impossible negative price which tells us that probability greatly favors a break upward from this triangle eventually. I went ahead and arbitrarily placed the breakout line fairly close to the triangles apex as a guesstimate. Now being that this is both a weekly time frame and on the logarithmic scale, theres no guarantee it will hit the full measured move target for this pattern in the current bull cycle…could take 2 bull cycles from now to reach the full target, but it is also quite possible for it to hit this target this bull cycle too. Either way if it does eventually confirm the breakout this is very much so likely to be an eventuality and inevitability. Posting it here now so I can come back to this idea at a later time and see how this pattern develops overtime. This one may take multiple multiple months to reach the target of whenever it finally confirms a breakout. *not financial advice*
COINBASE:QNTUSD
by DrDovetail
2
Symmetrical Triangle on the monthly XRPUSD log chartAs usual, the logarithmic chart’s measured move target is much higher than the linear charts measured move target for the symmetrical triangle. We can see here that it is getting very close to the apex of the triangle on the monthly chart and should likely see some sort of a breakout by the end of June if not sooner. Target on logarithmic chart is around $11.47 for just the triangle alone, but that could take price action a longer amount of time to reach the full target of than it will take the linear chart’s symmetrical triangle to reach its full breakout target(which is much lower than $11.47). Wanted to post an idea of this log version of the symmetrical triangle to keep track of how it lays out more easily. *not financial advice*
CRYPTO:XRPUSD
by DrDovetail
3 month log chart on btcThe green symmetrical triangle pattern that also doubles as a bull pennant here on the 3 month btcusd log chart gave us 100% exact precision on the measured move just from the triangle portion of the pattern. We can see the measured move from the triangle alone was the exact top of the recent bull market exactly. We can also see the correction we had the past year that most are considering a bear market did not even come close to retesting that green triangle and likely will not. That means the actual bull pennant that triangle is part of is still very much in play. When you attach the pole to the pennant you get a much much higher target. It may not fully reach this target for at least two more bull cycles but this target is still very much in play and it likely will reach $586k this decade. In the mean time we can see in yellow here a smaller pennant fractal that is most valid on the 1 week and 1 month charts. If it behaves similarly to the larger shape, then we should see the first significant correction of the current uptrend occur after reaching the measured move breakout of the wedge around 49-52k. Odds are good the correction even if steep will still result in a higher low and continue the macro uptrend at that point to the full measured breakout move of the yellow pennant somewhere around 148-150k. I think then we would probably see another bear season and it is after that bear season we would likely finally start heading to the full measured move breakout target of the larger green pennant in the 580-590k region. Of course for now the timing on all this is still heavy speculation but I thought it would be fun to post just to see how closely it follows my prediction. My guess is it can reach the highest price target on this chart before 2030, maybe even by 2028 or if we’re lucky even sooner. *not financial advice*
OANDA:BTCUSD
by DrDovetail
4
Avax confirming the log channel breakout.You can see on this log chart that Avax has confirmed a breakout above the yellow channel. On its way to the breakout target it has los broken above an inv h&s neckline. This is a very asymmetrical inverse head and shoulders pattern as we can see the right shoulder is extremely tiny and the head appears to be Siamese. All the same if this inverse head and shoulders pattern also validate the breakout target for it is around $56. *not financial advice*
BINANCE:AVAXUSD
by DrDovetail
BTC Has Reached a Long-Term Logarithmic Trendline Primary Chart: BTC's Long-Term Upward Trendline that Has Held as Support since 2013 (Weekly Log Chart) BTC Appears to be holding right at a long-term trendline that has held as strong support since 2013. The chart above is a logarithmic chart, which can help present a more accurate perspective of price action and price relationships when the chart covers a great deal of price history that spans a significant range of values. The decline since the all-time high has been severe, but relative to BTC's entire price history as shown on the log chart, in percentage terms, the bear-market decline looks less severe than it does on the regular, linear-scaled price chart. On the linear chart, BTC's decline has also reached key make or break levels determining whether the recent corrective bear rally will continue or whether new lows will be reached sooner than later. The Fibonacci Retracement levels below must hold if BTC is to avoid—at least in the next few weeks—heading back to test lows or make new lows. If the retracement levels below do not hold or are not recaptured—specifically the .618 R (which has already been broken this past week) and the .786 R, then BTC likely will be testing lows soon. Supplementary Chart A: BTC's Fibonacci Retracement Levels Near Term But the long-term trendline should also be watched. Given it's significance, it may be retested even if broken, making for frustrating trading for bears / bulls alike. Good luck trading this week everyone. Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction. CME:BTC1! BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD KRAKEN:BTCUSD FTX:BITOUSD
BITSTAMP:BTCUSD
by SquishTrade
10
6month log chart on xrpusd suggests crazy potential targetsThe bull pennant we are in shown here on the 6month time frame seems to have a symmetrical triangle for its flag. The breakout target for just the symmetrical triangle is in the $33 range. Factor in the pole of the flag and the potential target skyrockets to 1.2k. Definitely not financial advice and certainly no guarantee it will hit either target as it’s still up in the air if log chart targets reach their full target as reliably as linear chart patterns do. Even if it does hit these targets you can see the apex of the pennant in its current trendline trajectories doesn’t occur until 2026. The only way I see price remaining inside this triangle for that long is indeed if the SEC ripple case is extended through appeal and taken to the Supreme Court. Hopefully not but it isnt impossible. If this were to occur I would simply keep dollar cost average accumulating until it was to break out from the triangle which would give me more opportunity to take some profit at the first target but then also hold onto some of the asset in case it does indeed reach the full bullflag breakout somehow all the way up at 1.2k. Simply posting this hear so I can see how well price action chooses to follow this pattern over the next year or few. Once again *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
4
Crazy price target on xrpusd rising channelOn the log chart we can see xrpusd has been in this rising channel since it’s inception. Now, if it were to revisit the top trendline again the lowest price we would reach it at would be $138. Odds are it would retest the top trendline way later than that though. I know this price seems absolutely absurd but thats what this pattern is calling for. I will have already cashed out most if not all of my xrp before any crazy price targets like these ever get reached but I do hope it reaches 3 digits one day.*not financial advice*
BITSTAMP:XRPUSDLong
by DrDovetail
11
$ALGO longBased on the long-term daily log chart of Algorand, it looks like RSI has reached a low where it normally bounces relative to previous large declines greater than 60% when the 200D moving average was breached. This RSI level has signaled a bounce back 4 times before since the inception of Algorand. The probability that this will be the 5th time is very high. History doesn't repeat itself but it often rhymes. This has been the 4th worst decline besides the initial puking of ALGO which I don't count. The 5th worst, or the least bad, was a 64% decline. Right now we're at about 69% of a decline. The worst was an 81% decline. I don't think we have any more room to the downside since 100% of the time (4/4) the RSI has hit that magic low level, the trend changes from bearish to bullish after a breach of the 200-day moving average.
COINBASE:ALGOUSDLong
by EBITDAtiger
A possible 280-300k bull market top in MayLooking at the monthly log chart on bitcoin I have pieced together a bit channel that has on the monthly alone over 13 significant touches rom price action. Based on Plan B’s prediction of 280k or so this bull run plus many of tech dev’s charts that suggest we could reach a target of somewhere between 270-300k, I used my own knowledge of basic TA, to assume that we could reach a bull market top by hitting this .5 Fib line (in green) around May at a price of around 280-290k. This lines up perfectly with the measured move from the current bull flag price action is in on the monthly here, however I’m much more confident in the measured move technique on a linear chart instead of a log chart. I have seen many patterns on log reach the same type of measured move that a linear chart would offer so I think it is definitely very probable we see a breakout that hits this target. Of course we could hit this target even and somehow still not be finished with the bull run but I have a feeling i we go this high in may it probably will be the top. I will also be paying close attention to the daily pi cycle top indicator, as well as the RVI, RSI, Stoch RSI, NVT, and MACD on the 2 week. I believe all of these indicators in aggregate should give us a fairly clear idea of when the bull market is over. I initially thought the next fib line above the green one i currently have the bulls eye placed on would be where we topped out at but now believe its more likely to be the .5 green fib here as topping out at the one above it will lead to a end of bull market price of over 400k and that seems a little too extreme for this bull market. Of course crazier things have happened but for now I think a top at the .5 green fib is more probable. *not financial advice*
BNC:BLXLong
by DrDovetail
4
XRPUSD log chart’s cup and handle has a symmetrical trihandleSymmetrical trihandle should break upward by February then that should take us to at least somewhere aroun 2.20 putting price action above the neckline. If it confirms solid support after that on a retest I anticipate we may see $7 not long after. Also a chance we have some crazy pump to $7 before the neckline retest will have to wait and see how it goes the retest before $7 is currently more probable. Anyways after the retest the journey then begins with a possible next resistance spot around $13-15 that could lead to a temporary trend reversal before heading finally to the $28-42 range. This is all currently speculative but my previous log chart that showed this c&h had the break out move as high as $42 so I can’t factor it out just yet. I will be taking profit long before reaching that target though. *not financial advice*
BITSTAMP:XRPUSDLong
by DrDovetail
3
Intriguing continuation triangle pattern on xrp weekly log chartIf we could do measured moves on the log chart the same way we do on a linear chart then this pattern would be calling for a breakout target of around $700. That’s sounds way too extreme to me so I doubt you can apply the same measured move techniques from a linear chart to a log one. Would be happy to be proven wrong though. One thing I know is it’s gonna inevitably continue going up in the not so distant future, but probably not anywhere as high as $700.
POLONIEX:XRPUSDLong
by DrDovetail
4
speculative fib channel suggests we could reach top by Octoberjust playing around with the fib channel here on the log chart until i found some consistency...i noticed that the blue .786 fib was the top of the 2013 false top and the 2017 true top. I also noticed that in 2013 after the false top it took 7 more monthly candles to reach the true top and wen it did it rose up 2 extra fib levels/colors before it hit that top in 2014. If we hypothetically are playing out a fractal of that 2013-2014 bull market, and we assume we will get 7 more monthly candles following our current false top until the real top...that would take us to october of this year....now, if we also did the same thing and pumped priceaction 2 extra fib levels that would have us hitting the teal .618 fib level and if we were to come anywhere close to that in the month of october then suddenly 280-300k (as shown here by the red bullseye) is a real possibility...this price range would fit perfectly with plan B's stock to flow model which has a price projection around 288k. I am by no means saying this is how things will unfold. I have not really used the fib channel tool very much so it may very well be that there is a much more accurate angle to this fib channel than the one I've come up with...but its fun to speculate sometimes and when it lined up at this angle I saw quite a bit of bullish confluence so I thought it would be fun to share so later I can hit play on this chart and see if it comes anywhere close to this. As always, none of this is financial advice. Thanks for reading.
BNC:BLX
by DrDovetail