SOL has confirmed support of the Macro .702 and is breaking out to test this downward trend(Bull Flag). A clean break above the .786 around $123 will ascend us to the ATH Regin of $270. Will be waiting for more confirmation here but at the moment it looks as if we are beginning a new Motive wave in the direction if the overall trend.
Bitcoin has broken the parabolic trend, Blue Line, it established back in November 2023. This trend is quite significant. In my opinion, at a minimum, we test this trend before correcting deeper to the $38k region. If we can re-establish this trend as support, then it's possible we continue up the $51k region.
Eth is breaking out of a falling wedge and beginning to put in a few new motive waves. In my opinion the first target is the $2,620 region, Next $2,793 and the final region will be a brief over shot of the 1.618 in the $2,900 region.
Nothing goes up straight forever. CME gap at minumum takes us back down to $39,600 area. A Correction back to the parabola we have created, takes us back to the the $35,500 area. Be Safe, Be Smart, Happy Trading!
History doesn't always repeat, but it usually rhymes. This fractal is playing out nicely and just so happens to take us right to the .786 Fib extension.
I posted this as well on another account of mine but wanted to reiterate it for everyone. Fractals are to be taken with a grain of salt, but as they say, history rhymes. I believe we are going to see a nice retrace back to all time highs. Everyone should be making money here! Not Financial Advice.
How crazy would everyone be if the price of bitcoin was still around $26k in December... This fractal plays perfectly into all trend lines that we have been creating...
Just playing around with the charts here. I overlayed our previous downtrend and bottom and it could actually play out quit nicely if this were true! Just remember that history doesn't always repeat but it does sometime rhyme!
I have long positions open here (Not Financial Advice). Looking for this movie to continue up for the next couple of days until we the $28,000 range tested to complete The Inverse Head and Shoulders Pattern.
Getting close to the end of our symmetrical triangle and dancing around the legacy resistance trend line. Bitcoin will need to make a decision soon as the end of the formation will be the first week of April. Bitcoin doesn't usually make it to the end of these formations and we could see a breakout any day now. Looking for a breakout to over $46k.
I think at a minimum we will see #Bitcoin re-trace back to the .702 - .786 for a $60k price target. If we see this, it's game on for ALT season. From there I think we are going to see a mild bear market for the next 18-24 months where we find a bottom somewhere between 20-30k. There's not enough retail interest at this time to push the price to 6 figures. Retail...
Zooming out we can see a very similar pattern to what we saw in the previous bull/bear. I think that we have stumbled into the same formation, just on a smaller scale. I'm not an expert or technical analyst, but I have been in the market since '18 and am familiar with charting. I think that the November ATH is just an outlier in the pendant we have formed. Only...
