ETHBTC forming a Bull Pennant (with a bit of a sad, leaning pole) on the 1W. You could consider swapping BTC for ETH if this breaks upwards or vice versa to the downside. It's currently battling the .382 fib level. Sometimes it takes a few attempts tapping on the roof (or floor) to break through these areas. Watch for changes in volume and breakout.
BTC fighting a key level of significance that corresponds to the .618 Fib shown. We lost this level in our last meaningful interaction to the May '21 dip. We did have a brief moment of holding it as support recently only to flip back to resistance. IMO this battle determines our fate in the short term. I'm not sure we have the strength to hold it just yet but...
Entered at $27.55 on a successful breakout. Watching for the price to break trend - I'll consider taking some profits if we break the green line and definitely close the trade crossing the red. Make friends with the trend until it bends, right?
SOL showing volatility compression and a slight rising wedge on the 4h (looks like a symmetrical triangle, but not quite). I'm considering trading the breakout if it does. Full up and down target taken from the base of the wedge. Happy trading!
Strong day from BNB so far as it breaks out of a falling wedge. It could meet some resistance (yellow dashed lines) along the way. I copied the recent bar pattern from its prior run-up to help visualization, but don't expect it to align exactly.
DOT might be breaking out of a falling wedge here with a potential to run up to the 618 fib.
The 35k level is the full target we run if the bear pennant plays out - but from my understanding, they typically don't fully complete. So, I took 70% of it to make the 37,800ish. The head and shoulders could be trying to complete at 38k. Who will win?
Potential last leg down before we rally? At first, I saw what looks like a symmetrical triangle but it does end up forming a bear pennant. My guess: if it breaks down, we'll see it fall about 70% to target. But that's just a theory.
LINK/ETH getting squeezed between the falling wedge and support. Will price action catch up with fundamentals? Something has to give.
The dollar looks like it could be breaking out. Will we see this inverted H&S complete to push the DXY above 100?
Key momentum shift or just slowing down? People keep predicting an imminent crash but it's hard for me to believe with all the money printing and flows into assets. I'm 20% cash right now waiting to buy the dip if it happens.
An interesting overview of what BTC Q4 looks like if it ran the same pattern from Oct 20 - Mar 21. If money flows in we could see some fireworks!