Pattern: Bullish Megaphone. Signal: Bullish on the support. Target: 8.8700 (Resistance on the high volatility level).
Pattern: Channel Down on 4H. Signal: Bearish if the dashed line within the Channel Down breaks. Target: 22.5350 (expected Lower Low).
Pattern: Extended Bullish Megaphone on 1D that is posting a repetitive High Low candle sequence after each Channel Up. Signal: Bullish but with a lower entry either at 56.00 or 54.50. Long term bullish break-out if the green line breaks (60.00 - 61.00). Target: 60.50.
Although the Fibonacci Channel says it is, since the price is currently on the support, Bitcoin's historic price action shows that the parabolic curve will continue to dictate the direction, until it breaks (either way) or becomes asymptotic. We can't yet confirm those scenarios. What we can confirm is the behavior before each Halving. Halvings tend to initiate...
Pattern and Signal: Cup formation turning bullish imitating the pattern before it. Target: 0.107600, inside the 0.618 Fibonacci extension and the previous High.
Pattern: 1D Channel Up. Signal: Bullish as the Higher High has been crossed. Target: 0.127265.
Pattern and Signal: Bullish as the price broke the 1D Resistance of the consolidation pattern. Target: The next two Resistance, 0.00000158 and 0.00000186 in extension.
Quick observation. Whenever the two cryptos diverge in market structure, the price action tends to follow Ethereum. Since Ethereum is now on a descending channel we can assume it will break lower. Bitcoin should respectively follow lower. The pull back on Bitcoin is expected to be around -4% while on Ethereum -8%.
Pattern and Signal: Bearish after the price was rejected on the 1D Resistance. Target: 1.35000.
Pattern: 1W Channel Up. Signal: Bullish after the pattern tested twice its Higher Low. Target: 1.36700.
Pattern and Signal: The 1D Rising Channel is testing the 1W Resistance Zone. Bearish signal. Target: 6915 (the 1D Support).
Pattern: Break-out from the 1D Resistance. Signal: Bullish. Target: 0.11500.
BTC's last bull market can be adequately broken down using the Fibonacci Channel as a Phase Marker. During 2015 the 0 - 0.236 Fibonacci band was used as a Support. Similarly in 2016 the 0.236 - 0.5 was the Transition Phase from the Bottom to the start of the new Bull Market, leading to then Bullish Band (0.5 - 0.786). As Bitcoin's historic price action has...
Pattern: Channel Up on 1D. Signal: Bullish after making a Higher Low. Target: 1.3300.
Pattern: Channel Down on 1D. Signal: Bullish after a Lower Low was priced last week. Target: TP1 1.12900, TP2 1.13700.
Pattern: Bullish channel on 1D. Signal and Targets: Slow rise as long as it stays inside the Channel. Strong bullish move if the Higher High line breaks (TP 164.00). Strong bearish if the 122.65 support breaks (TP 102.30).
Target: 0.47000 (+320% rise based on the previous similar bullish sequence).
Pattern: Channel Down on 1W. Signal: Bullish as the price is coming off a low trading sideways. Target: 0.08000 (the projected Lower High of the pattern).