Retroactively you can find each cycle tops thanks to trend based Fib extensions using 1 as ratio
Will it play similarly this cycle ?
Nobody knows
But it's projecting $140,000
Nice consolidation, look very bullish to me !
Like always in this channel we look for quality assets, low volatility on the highest resistance, consolidation pattern & increasing volume !
Trade pre or after breakout depending on your strategy.
Don't forget to sell if the technical factors drop down.
Happy trading !
Very very nice and clear continuation pattern on OCEAN. The pattern is becoming mature and the Bollinder bands are tight so volatility should resume fairly soon.
The trend is your friend and right now it's bullish so the most probable scenario is the breakout on the upside.
Advice is buy now and sell if scenario is invalidated
Blockstack (STX) is starting to look hella bullish for the first time in it's history !
We can see that its price is always rejected in the 30/33cents area.
Right now it's consolidating near this HUGE resistance with low volatility printing smaller and smaller handles.
If the resistance is broken STX could be set for BIG gains in the near future!
Ideally we...
We can see that Bitcoin is still holding near the top of the big triangle formation it created
Looking back to the previous bear market we can see that Bitcoin printed a similar triangle
When Bitcoin broke it's triangle in 2016 price volatility was very low
Only after it consolidated on previous highs it broke out hard
I expect a similar pattern: reduce...
Since it's all time high we can see that Bitcoin formed a very long symmetrical triangle and price has always been rejected when it touched tops of the triangle formation.
A breakout of the triangle would give us a very important signal that Bitcoin may have enter the early phase of it's new bull market. Accordingly to your trading strategy you can:
Less risky...
Ocean has huge upside potential in the coming weeks according to TA. Price action could lead to a second breakout. Assets that break out a second time their higher resistances have statistically higher chance of continuing doing so. The inverse head and shoulder is very deep hence price could explode quickly especially if price consolidate around 7cents with...
Bitcoin is in a descending channel and is about to touch the Weekly MA 50 and the 0.618 fibonacci retracement. I would expect a rebound from there, however if Bitcoin does not hold those levels I expect further decline.
Anyway we are still not interested in buying.
Trade safe
Since last analysis, Bitcoin volatility has been fairly low it means we're currently in a distribution or in an accumulation phase.
My bias is very much long for Bitcoin (accumulation hence), HOWEVER we shall not trade until we have a clear breakout on the upside. I have put a little green ascending arrow to indicate the levels in which I am buying, this is an...
Since previous analysis Bitcoin printed a very powerful bull run after breaking $4200 resistance. The push was so strong it got me worried we were still in a bear market but since Bitcoin topped at $1300 we have a what looks to me like a heathly correction and not a complete meltdown. I will wait to have a weekly confirmation above the weekly resistance to open...
The recent months were very positive for bulls with a July monthly candle finishing above all resistances which could lead to a new bull market. However since things has turned quickly and the SP is now falling back below the resistance it broked. August has the possibility to be a very important month, personnaly I will wait to see where the monthly august candle...
Some expect movement but the crypto market could stay relatively calm until Bitcoin touch the important descending trendline. The break of the flag will be important to watch as well.
