ChartsAvenue

ChartsAvenue

.

ChartsAvenue

Lyxor STX600 Chemical, with its inverted head and shoulder (bullish continuation pattern).

ChartsAvenue

Lyxor STX600 Media, with its 4+ years long basing pattern

ChartsAvenue

breaking out, closing above its 2.618 extension level of the April 2010-August 2011 decline.

ChartsAvenue

price broke down the fibo support level... onto the next fibo area?

ChartsAvenue

symmetrical triangle (gray) where price should be in a continuation of the prevailing trend (in this case should be up) or ascending triangle (blue) where price should breakout and continue in an uptrend... which ever you were looking at the price broke down... we might still be in a sideways range... but I feel the risk is to the downside.

ChartsAvenue

Good Risk/Reward area.

ChartsAvenue

cup and handle breakout

ChartsAvenue

but so far ..supply outweighs demand..

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if so... BTC might be heading lower...

ChartsAvenue

...but the price is breaking its descending triangle. target $134 and $121.

ChartsAvenue

Bearish divergence crossing (and closing?) below 20MA MA not in an upward slope anymore

ChartsAvenue

monthly chart... patience is key

ChartsAvenue

"the bigger the base the higher in space" Waiting patiently for the price to breakout...

ChartsAvenue Updated 

other crypto currencies are also near their 200DMA (BTCUSD, ETHUSD, IOTUSD, DASHUSD) could get interesting from here....

ChartsAvenue Updated 

making higher lows and higher highs

ChartsAvenue

If the price can breakout of its overhead resistance, a measured move would target $0.65

ChartsAvenue Updated 

making higher highs and higher lows while attempting to breakout of its base with the RSI in a bullish range.