I havent touched this since 2020, just logged in and saw what happened... perfection
6month chart... 11 days tiil 6 month close... shooting star?
Not quite. However.... if btc loses $45k, we fall down to the next swing (green box around $30k). The last parabolic party ended when BTC corrected 47% from the top. This fall would be 50% from the top. you will definitely see a nice bounce back but it wouldn't create new ATH... it will fall to doom, 80% correction total from the very top of ATH. there is a...
in the current pennant, downwards movement is most likely. however if the dollar breaks above the top downwards trendline, could be lifting off. doubtful. dollar is gonna be more worthless. most likely.
what does this chart tell you?
Target on this run is around $0.666 $.88 hopefully if it goes nuts.
lets see if this plays out through out april
no idea how i messed up the previous chart, i must have been playing around. here is the updated chart on next target
Harmony failed a major pennant, could be heading towards the the pink trendline around $0.12 support.
Past history can tell ahead into the future where things will go with pennant formation. As you can see, past parabolic pennants can perhaps predict where key future support and resistance may be. Also, if this trendline holds, the third and potential final parabolic trendline from this run could begin in July.
which pennant are we in? multiple pennant ideas on matic... of course the pennants can change with similar results if matic drops a bit more. this is at this very moment with where pricing is at. personally i am long on matic.
Alts are warming up, last call for entries are around now. My prediction is that alts will fall with BTC price if the pricing keeps dropping but it should slowly decouple from BTC's price action and do it's own thing for a while. Could last a couple of weeks, maybe months while BTC goes to sleep for a bit, but when BTC comes back, it will come back hard and wreck alts.
Which pennant are we in? Blue with large upside or White? Keep in mind BTC dominance is falling and April could be huge for alts.