System_T

System_T

NYSE:VTR broke out of the first base and held strong above the support. As a REIT, the move up could be slow. However, this would be a low-risk entry with a stop loss below the recent low at $65.

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NYSE:AER broke out and successfully held above a base. This is a good time to enter a trade with a stop loss below the support at $99.

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NYSE:ARIS is continuously making higher highs and higher lows on the daily and weekly charts. Volume has also been increasing. Expect a surge once it breaks $35.

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NASDAQ:CORT broke out of the base with high volume. A good entry would be when it retraces to support in the next few days.

System_T Updated 

Bitcoin is attempting to break out of a 6-month consolidation. This is the 2nd base from the bottom, very similar to the price action in 2011. It has also completed the same 7-wave correction. This fractal suggests that Bitcoin may go up only from here.

System_T Updated 

A picture is worth a thousand words. MSTR's price action this year perfectly resembles its price action in 2020, just with a different time frame. This fractal gives us a projection for MSTR that may reach $2K on January 17, 2025.

System_T Updated 

Bitcoin's 4H chart looks almost identical to the price action on Dec 25, 2020. If it keeps following this pattern, Bitcoin will break $100K very soon and go straight to $130K before taking a break.

System_T Updated 

The Bitcoin weekly chart shows price action similar to the Gold monthly chart. This fractal suggests Bitcoin may undergo a long correction until the end of 2024. It may drop to USD 50K, bounce, and retest the all-time high again. If this happens, the crypto market will not be good this year. However, it may be good for long-term investors to re-accumulate.

System_T Updated 

This fractal compares the current price action of MSTR to its price action in 2021, during the previous Bitcoin bull market. This time, it is moving slower, so the time interval was adjusted to 1 week instead of 1 day. The next base consolidation target is around December 2024, with a top expected around April-June 2025.

System_T Updated 

I believe Bitcoin has found its base bottom at $50K. However, it will take a lot of time to develop an uptrend after the 6-month long consolidation. The next price action can be compared with the bottom forming around September 30, 2023. Tomorrow, a FED rate cut could be a catalyst for Bitcoin to surge.

System_T Updated 

This is a fractal I found that shows similar price action to the current 6-month consolidation of Bitcoin. Note that the chart below is at a 3-day interval for each candle, representing the bear market price action in 2014-2015. This fractal suggests that the current correction has found a bottom at 50k and will likely move sideways from now until the end of 2024....

System_T Updated 

The most unwanted outcome for Bitcoin's price action in the next few weeks would be similar to what happened in June 2014. The price managed to get back above the 200-day SMA twice, but eventually fell below it again, starting a bear market in 2014. I’ll be closely monitoring the 200-day SMA line in the coming weeks. Bitcoin should not close below it again!

System_T Updated 

The current 6-month consolidation of Bitcoin's chart looks similar to the one in December 2019. The price closed above the 200-day SMA twice, then fell back below it. Bitcoin should not close below the 200-day SMA again in the next few weeks to invalidate this fractal. If it does, then I will be very bearish.

System_T Updated 

The current 6-month consolidation of Bitcoin's price action looks similar to the one in October 2023. The price has now broken out above the 200-day SMA. If it continues to hold above and move up in the next few weeks, the bull market will continue.

System_T Updated 

The most bullish scenario for Bitcoin can be compared to the price action in May 2016. After completing its 5-month correction, the price returned to retest the ATH a few times, forming a VCP (Volatility Contraction Pattern), and then shot up in the following days. Let’s see how strong it will be.

System_T Updated 

Since Bitcoin has been showing strength in the last few weeks, let's look at a possible scenario similar to the price action in November 2016. This suggests that Bitcoin's volatility will slow down and the price will gradually rise in the next few weeks. However, if Bitcoin falls back below the 200-day SMA, this idea will be invalidated.

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MSTR broke out of long-term resistance, similar to AMZN in 2010. Currently, it’s consolidating above the high and trying to form a base before continuing its upward trend. With the power of Bitcoin, MSTR holders may enjoy a long ride up in the next few months.

System_T Updated 

Bitcoin is trying to make a move very similar to gold, forming a reverse head and shoulders pattern. Expect Bitcoin to stay in this range for a month, form a right shoulder, and then start a parabolic phase.