Zero881

Zero881

CNS had a large impulsive move to almost 1200% in October, it then retracted 85% and formed a symmetrical triangle or bull pennant pattern. Its now broken out on the daily and the MACD is about to tick bullish, first target is 0.00104 at the 786 fib extension and eventually 0.00177 at the golden pocket assuming market conditions remain bullish in crypto.

Zero881

If in doubt zoom out, BTC got a symmetrical triangle breakout on the weekly. The .618 fib level where it was rejected back in October 2019 and Feb this year has been cleared. If BTC can get a weekly close above this level it's a confirmed S/R flip and 11800k at the .786 fib is the next level to eye for a weekly close.

Zero881

XTZ has been going through an ABCDE correction within a symmetrical triangle, this now appears to be complete and its ready to start a new 5 wave cycle. As long as the bottom trend line is respected this looks set to take place, I would expect a wave 3 breakout sometime in August.

Zero881

In the run up to the halving event, Bitcoin tested the 10100k area with a harsh rejection and a pullback to the lower 8k region. Zooming out on the weekly chart a wick to this region shows its been respecting the .618 "golden pocket" Fibonacci level from the 13800k blow off top in June 2019. Candle bodies are currently sitting under the .5 fib level, with a trend...

Zero881

Having held the 6200 horizontal support, Bitcoin has now respected and bounced from an ascending trend line, it looks likely to test previous resistance at 6700 levels where we will wait for a reaction from the market to see if it can break this level to test 7k.

Zero881

After a bullish breakout which started around December 18th 2019, Bitcoin started a new uptrend back up to the 5 figure region eventually testing 10500k before a pullback to support in the high 9k range. We have since seen a violent drop with wicks to 9200k in the space of 15 minute timeframes and have now had a slight change in market structure with the first...

Zero881

With the Bitcoin dominance dropping to 63%, Ethereum has been on a rampage as of late, out performing Bitcoin and gaining a lot of interest. From an Elliott wave perspective it appears to have completed a 3rd wave on the daily chart with a 4th wave correction coming to the .5 fib level before a move higher to tests the highs it reached in June last year.

Zero881

I believe this a 4th wave correction before a bounce off the parallel channel support to start a 5th wave and possible test the 10200k region.

Zero881

Having penetrated well into the 9k level, Bitcoin has been consolidating in a perfect sideways trend after several rejections at the 9400 level, an ascending trend line has now formed suggesting a retest of 9400 is happening soon but will it be successful this time?

Zero881

Bitcoin has managed to hold the 8k level over the weekend and now appears to be consolidating before a retest of the 8200 daily resistance. An ascending triangle pattern has formed on the 4 hour chart, base doff this it would be fair to assume its going to make a move before the 15th.

Zero881

Bitcoin inverse head & shoulder formation on the 4 hour.

Zero881

Bitcoin rising wedge formation