PegasusTechCharts

PegasusTechCharts Updated 

Traders, Bitcoin has broken the lower trendline of the rising wedge and tested it already Targets now around 40.000 - 42000 USD which is also horizontal support. It would be very good to board new traders at these levels who missed the boat to the last all time high. Then we can all join a new ride to 80.000 +

PegasusTechCharts Updated 

Traders, here is a chart for Ethereum with a possible scenario on the daily time frame where a head-shoulders pattern is developing along with a divergence on volume. A key point is that volume in ETH but also BTC and many other coins has been declining for months while the price has been rising. A huge divergence in volume has formed. A healthy rise is...

PegasusTechCharts Updated 

Hello Traders, Bitcoin is forming a new inverted head and shoulders pattern. We saw already a smaller inverted head and shoulders pattern in my analysis before. The minimum target for this bullish pattern is 70,000 USD, but I expect to hit the upper trend line before the end of May or even sooner. The upper trend line target will be 80,000 USD. The months...

PegasusTechCharts Updated 

Traders, here is an update for Bitcoin on the D timeframe. As I wrote before, patterns continuously change, and now we are forming a bullish falling wedge. In the big bull run from 2021 until now this happened already 2 times. The 50% Fib level is still holding as support. My stop loss is now on the blue line. Targets are still the same 68000-74000. The...

PegasusTechCharts

Traders as you see the bullish scenario is still intact. When doubt always zoom out to the higher timeframe. Patterns change constantly change for others. BTC had strong support on the Fib 50% retracement level. This level is always extremely important in all timeframes and all instruments! If Bitcoin brakes the rising trend line with a close of the day candle,...

PegasusTechCharts

Traders, we can clearly see on the 3-hour chart a symmetrical triangle in an uptrend. The Logical first target is the upper trend line. Having tested many systems on Bitcoin, there is only one that really gives full returns. Buy and hold. Bitcoins are limited minable and a safeguard against inflation. The world is printing money like water. Biden, like Trump,...