Short-term: Bitcoin is in a parallel channel on the 4h chart. Break above the channel to head towards 120k and continue making new ATHs Break below the channel to re-test 85-90k. Long-term: Bitcoin is likely going to approx 132.5k, as shared here:
Remain in the channel to break 4k: , break down from the channel to test 3k or lower. break out of the channel to move to and above 5k break down from the channel to test 3k or lower
If Others (non-top 10 altcoins) marketcap can remain above 350 billion, it may head up to 1.72 trillion and an initial target and then 3.8T from there, a nearly 10x move from where it presently sits. Prerequisites is Others.D holding above ~10.5% or if moving below that, not moving below 9.15%. And, BTC.D remaining below 60-61%
Two simple reasons why Bitcoin's secondary macro target from two different patterns lines up with roughly 132.5k. Could we go higher? Sure, but this is a good measured macro target for this cycle. An old W or double bottom pattern which successfully targeted 62.8k as a macro TP 1 during the last cycle's top, points to a macro TP 2 of 132.5k. A parallel...
Bitcoin dominance made a triple tap triple top around 61% and then dropped below the 50 and 200 daily EMAs and MAs. It is presently testing old support as resistance and has reclaimed the 200 daily EMA and MA, but has failed to reclaim the 50 day EMA and get back above 58.25%. It is still possible it reclaims the 50 EMA and MA and breaks through resistance,...
If BCH can break the diagonal and hold above it here, it will likely also break 1442, which would confirm a double bottom targeting 24.3k as its target for a single measured move, and could go a lot higher. Alternatively, if it fails to get above the diagonal, it may test 85 dollars yet again. The BHC / BTC pairing also looks like it has bottomed or is in the...
Some simple bullish targets (yellow) for Tesla, conditioned upon remaining above the white neckline and getting and holding above the red one. Simple bearish targets (orange) are conditioned upon losing the white neckline, and then dropping and losing the green one. Nearer term bear targets could also simply be the white line, the green line, or the area of the...
Publishing a monthly support and resistance chart, a weekly view of that chart - with targets - that I've been sharing for a while, so others can follow along. This in addition to the parallel S/R chart that is already published here: With an updated snapshot of it here (targets adjusted for where it broke out): Possible areas of local support if any dips...
Ethereum stands to gain ground vs Bitcoin if it can get and hold above the red line above. Targets on the chart. If it fails to get and hold above the red line, it may re-test the green line first before moving up. If the green line is tested and lost, expect equally measured moves to the downside instead.
Promising company, promising tech. Looks like it already bottomed, if not in the process of bottoming. CEO came from NASA Ames research lab, invented micro-satellites. Found much cheaper ways to produce them, put a large (if not the largest) array of them into low earth orbit and are taking daily high resolution photos of the entire planet + AI tools to analyze...
Weekly chart has a confirmed inverted H/S during the long consolidation from 2020 and 2021 highs, it successfully broke and then tested the neckline at $25.85 and then moved up. It's possible that 28.3 gets tested if it doesn't hold above the prior wick high at ~30.5. As long as 28.3 holds, and especially if 25.85 continues to hold, silver should move up to...
Possible repeating pattern to the leg up from 65 to 98k. Yellow arrow shows where we are in the same setup that is highlighted by the orange rectangle. If this is true, we'd see something like a drop from here to mid-to-low 80k range before finding enough buyers for the push above 100k. Long-term long, short-term short. Reminder that there is a daily CME gap...
Very simple chart and conditions for altcoins to gain or lose dominance vs Bitcoin in the present market: Others dominance needs to hold above ~9.15% and break and then hold above ~10.5%. Do that and it'll keep gaining dominance towards ~12-13% Lose 9.15% and fail to reclaim it a 3rd time and alts will continue losing market dominance vs Bitcoin, heading down...
Copper Futures broke out of a falling wedge and it re-testing the top of it, right around a daily support level at ~4.35. Hold that level and expect a move up
HBAR loves to repeat patterns. Here's a new one, take the circled area, blow it up and overlay over where we are presently, and the similarity bears a striking resemblance to just prior to its last major move up.
Good chance this will get filled considering how large it is, and considering that most daily fair value gaps on Ford have been filled in recent history. A long play into $12.5-13 seems reasonable here. Not trading this one myself, just noticing it and saving the idea to see how it plays out, I primarily trade spot, not options. Example of prior gaps getting...
A lot of notable traders are calling for Bitcoin to drop to 44k or even to around 20.5-21.5k towards an unfilled daily CME chart gap (see daily CME chart below). Before getting into my thoughts about whether or not we move up or down here, let's remind ourselves of some things: 1.) Bitcoin made its first new ATH back in March 2024, after closing right around the...
Just a simple symmetrical triangle pattern with initial measured targets for either scenario: Breakout - targets just below 85k Breakdown - targets just below 40k Good luck!