Major Pattern: Weekly Ascending Triangle (normally bullish) Daily Pattern: Running Wedge (normally bearish) Cycle analysis: it is evident that every 3 months there is an alternating minimum and maximum Maximum April Minimum July Maximum October Minimum January April NO maximum In my opinion the points to follow are the last low of 18 April 38535, then the...
Daily Pattern: Inverted Continuation H&S Activate Buy on 22 March For now its a good retest
Main Pattern: Weekly Reversal H&S Anticipatory: Daily Descending Triangle
Main Pattern: Weekly Rounding Bottom?? Confirmation Pattern: Daily Rectangle
Like Bitcoin formed a channel and we are on the bottom base for now also the Market Cap is forming a Pattern, here it is a Wedge, which generally, if broken downwards, are of bearish continuation
the target of the Broadening has been reached and also of the Daily rectangle we are now in the buy / retest zone 100 as long as the support holds (for intraday trading)
Reversal H&S in formation??? the right shoulder is still missing, a retest of the 4600 level is needed
we are in the selling zone, a break to the upside must exceed 115 to be confirmed to the downside 93 it would redefine the re-entry in the monthly Broadening
the retest continuation flag was not confirmed the break of 44655 support (the opening of the gap and the upper part of the triangle) brings BTC into a scenario of laterality, a Hard Retest is possible and again break above the bullish 45455 or a continuation below yesterday's low would open the possibility of a channel, so the next buy zone could be 40,200
lack of strength to reach 99.30-99.40 again could mean a return to risk appetite in speculative markets, hence S&P, NASDAQ and CRYPTO which have already reached targets, but may have concluded the pause before a long recovery obviously a DXY that breaks the rectangle to the upside above 99.50 would reverse all scenarios
half of the target of the triangle has been reached a close above 2.17 would confirm another bull run to the triangle final target at 2.33 perfectly inversely correlated with USDT dominance and Bitcoin's dominance has reached the bearish Wedge target This means that Bitcoin could also participate in the next Bull Run in addition to the Atlcoins
the failed descending triangle target has been reached a close above 23.20 would confirm the bullish rectangle
446 is the right shoulder high of the failed weekly head and shoulders, started August 9, 2021 first target 640 final target 840
I think the retest of the high base of the triangle can be finished a close above 47600 could resume the path towards the 50 and 54k targets
Major Pattern: Weekly Descending Triangle Bounce daily Pattern: Rectangle First entry on 28 March Second entry today Target 0,58
Major Pattern: Daily Double Bottom Trigger point at 5,39 Target 9 Half Target 7
The breakout of the right shoulder of the head and shoulders is being confirmed, if this week it closes significantly above 446 the final target is probably 850
Daily Mayor Pattern: Reversal Head & Shoulders Trigger point Buy 140 Failure Sell point 131.20