Bitcoin ( CRYPTOCAP:BTC ) is withstanding heavy pressure from the German Govt market sells. If price holds the $52-54K bottom, look for a possible breakout to a new ATH in 2H24. The technical target of a late August breakout would be approx. $95-$98K.
It's a bit unclear, but NASDAQ:HOOD is almost certain to follow the CRYPTOCAP:BTC performance trend (either direction). If CRYPTOCAP:BTC continues to $100K+, expect NASDAQ:HOOD to push back toward previous ATH range ($48-$70) this year.
If CRYPTOCAP:BTC repeats the prior leg up, we could see an expansion and range between $75K-85K, a dip to retest the ATH breakout, before continuation to $110K+ by mid- to late-Summer.
Is this is 20-mo accumulation in a rising wedge, we've rested the breakout and we could see it play out with a move to 3.3-3.9K.
Possible aymmetrical Inverse H&S pattern on $COIN. If retests $106-111 neckline as support, then potential target of Nov '21 peak ($350-$430). Clear invalidation with close below the neckline.
Prior macro dumped to the Daily 100MA before bouncing for a double top...could present nice Short before Long opp.
The Orion Protocol coin ($ORN) is forming a Diamond Bottom pattern. These breakout upward 74% of the time (thepatternsite.com), and more likely with the lower volume experienced on Coinbase. This pattern is reflected from Coinbase charts with a target ~$9.00. It's worth noting that Binance didn't have the same wick to create a Diamond, but instead looks to be...
If Inverted Cup & Handle plays out, the target would be $32,840.
If fractal from prior move plays out, expect a move close to $7.36. NFA.
Two macro channels with confluence in the current downtrend since October. If it plays out, expect a bottom between 27.5K and 34.8K close to March 1st.
A lot of trendlines converge on February 2nd...does Bitcoin have the juice to cut through?
Holding the line on downtrend breakout...common bounce!!
Fun with '17 $BTC fractal and speculation on top of range trend. In '17, BTC actually broke above this trend line with it's blow off top...a similar move for $ETH this year would reach an incomprehensible $40K+...or $4.7T MC which is hard to imagine.
I drew this IHS four hours ago when everyone was expecting a H&S to play out in the macro. Instead, there was a fake-out which will soon complete into an IHS and up we go.
It's early, but we'll likely see Coinbase, Inc., stock align with the fate of the crypto markets. As $BTC, $ETH and other Alt Coins gain momentum, COIN will see favorable price action. COIN broke out from the bottom channel and is testing $258 for support. If support holds, we should see price advance to resistance at $303. Continued expansion from the $303...