This chart is best seen in regular scale rather than logarithmic ETHBTC have printed a solid pennant or symmetrical triangle and shouldn't take much longer to break up equivalent to BTC once it broke up 20k!!! Have in mind that this is HTF, Monthly chart in this case and you could be looking into 6 months to 1 year of price developing in these areas, being...
After that beautiful break and retest, a new higher high, Bitcoin dominance has passed a resistance and should be going to create a new range being the purple box support (if all goes well and it doesn't get rejected here). - If you take a look into the past in the left side of the chart, inside the major rising wedge, there's a light green pennant (triangle)...
Bearish Gartley, bullish Crab, impulse up to 48k accordingly to these harmonic patterns. Once there and again, accordingly to both harmonics, there should be a continuation of bullish crab targets, or a correction / downturn of bearish gartley, which I would point toward 44k down to 40k retest if will in fact be a correction meeting bearish gartley targets and...
Just as an overview of some weekly supports and current ascending triangle (for this BTC can't fail here) together with current OB support. Wyckoff schematic was already, I only drew on top of it — doesn't mean it will play, but better be safe. Btw, I remain bullish (because it's what it is on a technical level (TA) — BTC haven't made a lower low (LL -...
It's been a long time I haven't posted anything, I've been active on Telegram (@TrendySquadTA) rather than at TradingView. I have drawn daily Wyckoff distribution pattern on May once BTC tops, 3 tops with bearish divergence, but this was only the first leg of weekly wyckoff from 3 possible - BC, UT, UTAD. It doesn't mean this will play, but if so, better to know...
Brief history in time.
Green box represents target, 88.6% fib a more exact target (but anywhere on green box could be done)! There's a good confluence with harmonics and classic TA here... - First of all ATOMUSDT broke up trend line and flipped S/R 23.6% - Bearish OB on top is a perfect match with 88.6% fib - potential reversal point If price crosses the current high (X) then this...
#BTC LTF possible bull pennant breakout
To be more conclusive, harmonics not always play on bullish scenarios neither are sure sells, they point out potential tops and reversals. This patterns says that 78.6% is a strong sell signal once reached, but there's also something in between the lines of this harmonic that says: "CD: Reversal of BC - If BC is .38 of AB, then CD should be 1.27 of BC. If BC is...
This will be very interesting going upside as each trend line takes to another and most of them take to last resistance...
LTCUSDT hit bottom OB and printed bullish divergence starting then it's up rise... Crossing 47$ - 51$ then should breakout on D and we'll see LTC trading above 100$, potential to hit nearly 200$ easily, all in all, it will depend on BTC!