TheCryptagon

TheCryptagon

The Descending Resistance started on August 15 is now history for Bitcoin as it breached past it today. The 1D MA200 is right above at 19520 and is posing as the biggest obstacle on the long term. However the bullish channel has been constructed and looks strong enough to lead the price gradually higher to the upper Fibonacci extension, which as you see fit...

TheCryptagon

On the left you see Dow Jones after the Dotcom and Mortgage crises until today and on the right Dow from the late 1800s leading to the 1930-32 Great Depression, both on the 1M time frame. Do you notice any similarities? The blue line is the 1M MA50 and the green line the 1M MA100. The Megaphone pattern that started the long term rallies on both is evident. Not as...

TheCryptagon

The EURUSD pair is rising non stop since the end of September and this week broke above the 1W MA50 (blue line) for the first time since June 2021. Though technically a major break out, history shows that this alone is not enough to justify a continuation of the uptrend. Since 2015, EURUSD extends the rise only when the 1W MA100 breaks (green line) and even then,...

TheCryptagon

Standard Channel Down for Bitcoin on the 1D scale. Since August 15th all Lower Highs were rejection a little over the 1D MA100 (green line). Currently the RSI is rising like the previous time. The 1D MA100 is now at 18900. With this projection the price can break it around 18500. Will it get rejected again or this time will be different? Follow us, like the...

TheCryptagon

The US10Y is approaching the Higher Lows support of the 2022 bullish trend. Holding it can make the price rebound back to the 1D MA50 (blue line) and the dashed line of its growth zone at least. A break below it and in particular the 1D MA200 (orange line) can turn the trend bearish long term to the 1W MA100 (red line). The 1D RSI is on its (oversold) Support...

TheCryptagon

Avalanche is having a good stretch in December but we can't lift our hopes yet as it remains below the 1D MA50 . Even if it breaks it, it will still be contained inside the Falling Wedge of June. Our signal to enter AVAXUSD will be when it breaks the 1D MA200 , which is untouched since April 10th. The bullish target will be $30.00. Until this happen, with the...

TheCryptagon

GMX recently broke out of an Inverse Head and Shoulders, a pattern that technically starts bullish reversals. Based on the RSI, one last pull back to the 1D MA50 isn't out of the question but it is highly probable to see GMXUSDT at $86 (2.0 Fibonacci) by the end of the year. Follow us, like the idea and leave a comment below!!

TheCryptagon

Big rebound on Axie Infinity since yesterday but it is nothing we haven't seen before. The price did break above the 1D MA50 but remains within the 1 year Falling Wedge. The one line that hasn't been broken or even tested since January 5th is the 1D MA200 . A break above it, being near the top of the Wedge, and AXSUSD is off to its new bull market. Follow us,...

TheCryptagon

The S&P500 got rejected just above the 1D MA200 on the Lower Highs Resistance holding since Jan 2022. Contrary to that, Dow Jones not only has broken above its Lower Highs Resistance since Nov 10th but also made a Higher High above the August High, before getting rejected. With a Golden Cross emerging on the 1D chart, Dow has high chances of bouncing on the...

TheCryptagon

The US Dollar Index on the monthly chart has been inside one giant Channel Down. The 3M RSI hit the 70.00 overbought level and as it did in 2001and 2015, the price reacted immediately with a sell-off. The rejection should aim first for the bottom of the inner Channel Up, the pattern that took the price from the lows of the giant Channel Down in 2008 to the highs...

TheCryptagon

The chart is pretty self-explanatory. The Crypto Total Market Cap (top chart), which is the market cap excluding Bitcoin has had strong expansion periods when the DXY (bottom chart) was on a downtrend. The pattern behaviour before and after those periods seem to be consistent between them. Now the DXY had a major rejection on a Higher Highs Resistance that goes...

TheCryptagon

Let's keep things simple. The 1W RSI rebounded on the Channel's bottom in June, a Channel that has flawlessly caught all cycle bottoms since 2011 and as a matter of fact the Highs as well. The first two cycles peaked a little below the 1.5 Fibonacci extension from the previous High (bottom to top of Bull Cycle). The last one peaked on the 1.236 Fibonacci. If the...

TheCryptagon

The EURUSD pair is trading inside a Channel Up, having established the 1D MA200 (orange line) as Support. The rejection on the 1W MA50 (red line) yesterday however can turn the trend downwards on the short term as the rally since late September may be in need of relief. The RSI is a testament to this as it has been trading sideways since Nov 11, unable to break...

TheCryptagon

This is a breakthrough on Bitcoin charting as we've discovered the constant that is needed on each Cycle in order to calculate the gains of the next. As you see Cycle 1 had 32700% gains. Cycle 2 gains were Cycle 1 gains (32700%) divided by the 5.3 constant = 61700%. Cycle 3 gains were Cycle 2 gains (61700%) / 5.3 = 11640%. Cycle 4 gains were Cycle 3 gains...

TheCryptagon

WTI Crude Oil made a remarkable rebound yesterday marginally below the 76.30 Support (the Support Zone is now 76.30 - 75.30) and turned the 4H RSI around, approaching the 4H MA50 (yellow line). This is the first Resistance (short term) with the initial target of this late September/October-like rebound being the 1D MA50 (blue line). If then the price breaks above...

TheCryptagon

Gold has been pulling back since the Nov. 16 top, which was made below the 1D MA200 (red line) as well as the 0.382 Fibonacci level of the March High. The price is now below the 4H MA50 (blue line), which was supporting since Nov. 04. Having a Support at 1615 and a Higher Highs Resistance with teo tops, it looks as if the long term trading pattern is an Ascending...

TheCryptagon

EURUSD was rejected last week on the 1D MA200 (orange line) and just below the 0.5 Fibonacci level. After the initial break above the Lower Highs Resistance of February 2022, it made the first bullish step for a long term recovery and established a new Higher Lows Support. The RSI is overbought so a pull back to gather momentum and buyers near the 1D MA50 (blue...

TheCryptagon

Bitcoin on the logarithmic chart is above the 1D MA100 with the weekly RSI on the Lower Highs trend-line of Jan 2021. A break to the upside here would be a major bullish move and the last major rise of July - November 2021 can confirm it. As you see, Bitcoin's price action since Aug 22 is not all that different from May 21 - July 21 2021. An RSI breakout can be...