TheCryptagon

TheCryptagon

Bitcoin / BTCUSD is rising aggressively yet again, only 2 days before the SEC's decision over the ETF approval. Technically the market is just coming off a Bullish Cross between the 1week MA50 and 1week MA100. The last time this happened (December 2019) Bitcoin had just started the 2nd rally of the Bull Cycle (disregard the March 2020 COVID crash). The 1week...

TheCryptagon

EURUSD has almost hit the top of the 12 month Channel Down and started to pull back with today's 1day candle being the strongest daily selling since November 30th. The 1day MACD has formed a Bearish Cross and the downside potential inside this Channel Down is seizeable. For now sell and target 'just' 1.07215 (bottom of the Megaphone and Rising Support). If the...

TheCryptagon

Gold / XAUUSD has started the bearish wave, the 3rd one inside the Channel Up pattern that started on October 13th. So far it is holding the last technical support leve, the 4hour MA50 but once crossed, the pattern has shown that a decline always starts that aims the 0.618 Fibonacci retracement level. Sell and target 2017.50. Previous chart: Follow us,...

TheCryptagon

DAX has formed a Channel Down pattern following the December 14th rejection on the Rising Resistance. The 1day MACD has formed a Bearish Cross like the one on November 28th 2022, which is a Top after a similar aggressive rally like the one the index ran since late October. That top also turned into a Channel Down which then broke downwards and hit the 1day MA50,...

TheCryptagon

S&P500 / US500 has almost completed a +17.30% rise, which is the prince range it grew by on the December 1st 2022 High. That was the first High of the long term Channel Up pattern that started on the October 13th 2022 bottom. The Channel Up still has a little more room to go upwards before reaching its top but since the price is already over the 0.786 Fibonacci...

TheCryptagon

Nasdaq / US100 is getting close to the top of the Rising Wedge pattern that started in August 2022. The Triangle pattern formed inside displays similar features with the one tha peaked on February 2nd 2023. That formation eventually pulled back to the 1day MA50 and 0.5 Fibonacci level. Sell and target 15850 (expected contact with the 1day MA50). Previous...

TheCryptagon

The EURUSD pair is testing and so far has been rejected twice, the top of the Channel Down pattern. The Fed fueled rebound on the 1day MA50 has delayed the decline but the selling pressure at the top of two Channel Down patterns, is expected to do the trick by next week. Sell and target the Rising Support, which is the bottom of the Megaphone pattern at...

TheCryptagon

Bitcoin / BTCUSD is trading inside a Channel Up since the start of the year and is approaching its top. The price action is basically similar to the March-April Higher High formation and it is getting close to the April 14th High once it completes the +89.41% rise. The 1day RSI is also inside a similar Channel Down pattern, which is a bearish divergence leading...

TheCryptagon

Dow Jones / US30 has broken into the 0.786 - 1.000 Fibonacci zone, which is the top range of the Channel Up since September 2022. That is the most efficient range to start adding shorts as a corrective Channel Down is expected to start in January. Wait for the 1day MACD to form a Bearish Cross. Target 35450, which is the 0.236 Fibonacci level and has been...

TheCryptagon

USDJPY is trading inside a Falling Megaphone pattern. Every 4hour MA50 test since Nov 16th has been a sell signal, with the price action producing 5 so far. Sell on the next near test. Target the dashed line at 140.000, which is also near the 1 year Rising Support. Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

The S&P500 / US500 is trading inside November's Channel Up, with the price turning sideways after nearly hitting its top. This is a comfortable bullish trade over the 4hour MA50 and looks very much like the November 5th-9th consolidation. As long as the 4hour MA50 supports, buy and target 4850 (top of the Channel Up). If it breaks, sell and target 4550 (bottom...

TheCryptagon

WTI Crude Oil / USOIL is inside a Channel Down but the bearish strength is fading as a Falling Support has been formed while the 1day RSI Double Bottomed. At the same time the 1day MACD is about to form the 2nd Bullish Cross in less than a month. The very same (Channel Down) pattern was trading back in June - August 2022, with the same bullish divergence and...

TheCryptagon

Gold is rising today after the Fed Rate Decision (unchanged, Powell implying we are near or at the end of the hike Cycle) but also technically as it found support on the 1day MA50. This price action isn't diverging from the recent past. After the sharp decline of September, Gold peaked on October 27th, pulled back to the 0.382 Fibonacci and then made a new All...

TheCryptagon

EURUSD is close to forming a Death Cross on the 4hour time frame. The pair is trading inside a Rising Megaphone pattern which is inside a larger Channel Down. Both patterns have downside gaps to fill. The price action is almost like all previous bearish legs in 2023 at the time of a 4hour Death Cross. Today's small spike is a solid sell entry. Target 1.06500...

TheCryptagon

Nasdaq established its price action over the 4hour MA50 again. A Channel Up is emerging, and could be a very aggressive one as the 4hour RSI is already overbought. You can buy now and target at least the 16785 ATH. If the price breaks over it and after re-testing it holds, re buy and target 17850 (+13.65% rise like the first leg of the Channel). Previous...

TheCryptagon

Ethereum / ETHUSD is trading inside multiple Channel Up patterns, the longest of which is the one that started on the June 18th 2022 bottom. Following only the second 1day Golden Cross formation inside this pattern 3 weeks ago, there is still room for this rise to extend. Buy now and target the top of the white Channel Up at 2850. Previous chart: Follow...

TheCryptagon

Ordinals / ORDIUSD is trading on a parabolic curve supported by the 1day MA50. Its first bullish leg gave a +90% rally. The second delivered an impressive +468%. As long as the parabola holds, buy and target the psycological level of $100 (+468%). Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

The U.S. Dollar Index / DXY crossed today over the Falling Resistance of November's downtrend at the same time the 1day RSI broke above its own Falling Resistance. This is a bullish signal at least on the short term, but the Bullish Cross on the 1day MACD certainly is one for the longer term. The long term pattern is a Channel Up but the short term is limited to...