PeterLBrandt

PeterLBrandt

A blow out through the top boundary would set up a target of $135,000

PeterLBrandt

Also note the 12 week rectangle on the right side of the pattern. Follow through from current level would be a significant buy signal.

PeterLBrandt

The price of Solana has now broken into new all-time highs, surpassing the 2021 high. Where do we go from here? I would think $500 is the next stop.

PeterLBrandt

Classical charting has guidelines and rules. Many on X and social media seem to think they can call any congestion zone by any name -- but the rules of classical charting were set down by Richard W. Schabacker in 1934, codified by Edwards and Magee in 1948. The current congestion zone in CRYPTOCAP:XRP can best be described as a half-mast flag. But there are...

PeterLBrandt

CRYPTOCAP:SOL retested massive rectangle, completed small ascending triangle and penetrated upper boundary of channel. All in the same day.

PeterLBrandt

NQ has completed a rising wedge complete with the last-gasp over-through. A weekly sweeping reversal is not in place pending Friday's close. This correction might (MIGHT) be uglier than most bulls want to see. Time will tell.

PeterLBrandt

Should be lots of support around $2 or the intermediate high of the symmetrical triangle

PeterLBrandt

New ATH is next target. A massive bottom pattern has been completed. With ELON in charge of government DOGE, the spill over should be something really special

PeterLBrandt

I am a Bayesian in terms of probability theory. I look for Priors to give me a clue. There are many Priors in Bitcoin that provide guidance on the magnitude of price "Mark-Ups" following prolonged periods of chop. The most recent Prior from Jan-Mar 2024 would suggest that Bitcoin continues its rally through the end of the year and might reach $125,000 by New Years Day.

PeterLBrandt

DOGE is off to the races. CRYPTOCAP:DOGE Channel completed Massive base New ATHs ahead

PeterLBrandt

CRYPTOCAP:BTC has now completed the 7-month inverted expanding triangle. Consolidation at new ATHs sets a target of 94,000.

PeterLBrandt

The last time Bitcoin closed lower than the present price was Feb 25, 2024

PeterLBrandt

The upper boundary has provided "turn-it-back" resistance for many weeks. But, is this thrust the one that will launch Gold to 2,800??

PeterLBrandt

Classical charting principles has worked wonderful on the BTC/Gold ratio chart. Currently at 26.x, a decline to as low as 16.x could occur without disrupting a bullish interpretation of the chart.

PeterLBrandt

I think it is fair to say that a market at a price never before reached represents a bull trend. $GC_F AMEX:GLD

PeterLBrandt

The advance in Russell this past week completed a symmetrical triangle that was serving as the retest of a massive rectangle reversal formation. Look for Russell to advance another 10-15% in the months ahead.

PeterLBrandt

This is my current thinking -- as a possibility. Another 20% decline in the ratio would bring the chart down to a level that would make sense if the chart is forming an inverted continuation H&S. CRYPTOCAP:BTC $GC_F

PeterLBrandt

If this pattern completes with follow-through, this might become one of the most classic rectangles in the history of classical charting