BTC-HONDA

BTC-HONDA

We achieved our previous breakout target and seem to be consolidating for another move higher. This move can take us to 29.6k on a break up l. I am bullish until invalidation. If we fail and breakdown, I will look for 26.3k

BTC-HONDA Updated 

BTC is in a minor consolidation on declining volume about to move to what looks like 28.3k We are above 25k which is a major resistance level. I think 30k is really likely at this point. The banks failing has been really good for BTC really. The whole point of BTC is to be your own bank so to avoid a crisis like this. These bank collapse have only made the case...

BTC-HONDA Updated 

BTC has been in an interesting consolidation lately but seems to really be tightening lately. Looks like a symmetrical triangle on declining volume that can move to 26.7k on a break up. These are usually continuation patterns so I am bullish on this pattern until invalidation. The stock market has made its move down lately and is at support. There's not a clean...

BTC-HONDA Updated 

Looks like we are in a falling wedge on declining volume. We seem to be close to the end of the pattern and are getting ready for a breakout to the upside. The upside target is 25k. I am bullish until invalidation

BTC-HONDA Updated 

BTC has broken down outside of the consolidation we were watching. There has been a spike in sell volume indicating this is just the beginning of the breakdown. I am going to wait until the close at the end of today for confirmation but I think 20k is next

BTC-HONDA Updated 

BTC is in a tight consolidation on declining volume getting ready to make a move. We are consolidating under major resistance and drawing a continuation pattern. The target for this break out is 27k on a spike in buy volume. This is my primary view as I am anticipating this to be the start of a push for 30k. However, This move will most likely depend on the stock...

BTC-HONDA Updated 

The SPY is still consolidating on declining volume getting ready to move. It looks like a continuation pattern(Yellow) from the overall major pattern breakout(Blue). The traditional target would be 425-430 where there is some nice resistance. If this pattern fails and breaks down, I will look for 393. This major breakout will help crypto breath really nice and BTC...

BTC-HONDA Updated 

The SPY has unfortunately broken down from its recent consolidation rather than up like we were anticipating. Our downside target we discussed is 393. We are really close to it and I will start looking for the next setup soon. I think it most likely we get a bounce from the targeted levels before the next structure forms.

BTC-HONDA Updated 

No change to the SPY. I am still watching it as a massive symmetrical triangle breakout. We have just been consolidating outside the pattern in a minor triangle on declining volume. I believe CPI will be good and it will be the catalyst to break us higher towards 425-430 intially but eventually, 235. This should provide good upside relief on BTC since most of its...

BTC-HONDA Updated 

BTC had broken down from its last setup. We were primarily bullish, but if the pattern turned bearish, we were looking for 21k. I think most of the move has played out and we hit our target so I am going to start looking for relief to 22.5k and possibly higher. There isn't a setup visible but the SPY looks like its going to keep pumping which should bring in more...

BTC-HONDA

There has been no change to BTC. I have re-arranged the trend lines is the only alteration. A symmetrical triangle and the broadening wedge on declining volume are valid perspectives. This consolidation should take us to 25.2k. On a break down, I will look for 21k again. We really need to hold this bottom level that we are at or I will start looking for 21k. I...

BTC-HONDA

BTC broke up from it's last consolidation instead of down. The market has apparently been expecting a .25 rate as it pumped off the news. Unexpected but It tapped about the 24k level and has been hanging since. I believe I've been fighting the trend too much. I am now bullish to 25.7k from this broadening wedge structure on declining volume. If it breaks down, we...

BTC-HONDA Updated 

BTC looks like it is in a rising wedge on declining volume making a short term top. The breakdown target is about 21k. Interest rates are going to be raised this week which makes me believe it maybe the catalyst for some downside on the stock market. This will in return drag crypto down with it. if we break up from this consolidation, I will start looking for the...

BTC-HONDA

We have been watching BTC in a symmetrical triangle on declining volume. We were look for 23,800 as our target which we hit. No that this move has played out, it looks like we are going to get some short term downside.

BTC-HONDA Updated 

BTC is in a nice declining volume consolidation that looks like it wants to continue to 23,800 on a break out. This is my primary view, but if it breaks down, I will look for 22,293. In general, I think 30k is likely but 25k is the mid term target with a pull back. THe stock market has been much more bullish than anticipated and can help crypto breath for the...

BTC-HONDA Updated 

BTC recently was in a symmetrical triangle consolidation that we were looking for continuation to about 24k from. we had the breakout on a spike in buy volume and hit our target and now I am looking for the next setup. I'm starting to expect that we get continuation after a little sideways action. 30k-31k are what I'm starting to consider but I will wait for the...

BTC-HONDA

The spy is in a major consolidation on declining volume getting ready for a big move. In the mid term, it looks like we are in a rising wedge on declining volume testing major down trend resistance and upper pattern trend line resistance. I think interest rates on the 1st will be part of the catalysts to send it back down to 388 or 381. If we start closing above...

BTC-HONDA Updated 

A major macro move is coming for the stock market.I think this structure looks really good, has a solid volume profile, and best accounts for why the major resistance(Orange) was so easily taken back from my last update. we were just consolidating within the pattern. On a break up, I am looking for 435 and possibly a revisit the all time high. On a break down, I...