BTC has quite a few clear bullish things going for it. First, the bearish three drives harmonic pattern. The green arrows marked show three attempts by sellers to cause a break downward, and three fails to cause that break. Immediately after the third, the price trends upward with consecutive straight green candles with solid volume, and that's exactly what we...
Since the last local low of $30,000, BTC has been rising while respecting the same trendline, similar to $SPY's movement the past few months since the pandemic crash in March. Quick, large rises followed by slow uptrending, then rounding a top and touching the trendline, only to repeat it all again with a quick reversal. The next touch of this trendline should be...
Like my previous idea, an ascending triangle hook is now forming on Ethereum's chart. Using fib extensions, the target should be right at 3432. Good luck!
One thing that has stood out as a pattern time and time again ever since BTC has shown signs of recovery is the ascending triangle hook pattern. It starts with a normal ascending triangle, then breaks the support in a large red candle and consolidates. After a few sideways candles, appearing as a bear flag, it promptly shoots up and breaks the ascending...
Recently, energy has been cited as a concern for cryptocurrencies (IMO just FUD, but it only matters what people think), and Proof of Stake networks like ADA are in the spotlight for being eco-friendly. MATIC is just as eco friendly, being proof of stake, while supporting smart contracts along with a bit of ETH's network effect as a result of being a sidechain...
There's an ascending triangle currently on BTC , visible on 1D. Right now, it's at the upper resistance but TD Sequential and Doji candles suggest that the big move up will not be on this swing, but likely the next.
Rubic has been recently following market cycles that are increasing in length but linear when put on a log scale. I predict this pattern will continue into the future.