TheCryptagon

TheCryptagon

Just a reminder. Bitcoin's Halving is only 3 days away. Historically heavy chop trade took place before the Halving events. Only once (July 2016) did we see a new Low after the Halving. Chances are the correction will be over before the Halving. Do you really want to be holding shorts after that?? Follow us, like the idea and leave a comment below!!

TheCryptagon

Advanced Micro Devices / AMD hit the 1day MA100 after more than 5 months and the first long term buy signal is flashing. It has completed a -30.15% decline from the recent High, being a Higher High on a Channel Up of almost 2 years. The last correction from June to October 2023 was exactly -30.15%. Exploit a double entry strategy with the first buy here on the...

TheCryptagon

The USDCAD pair is crossing over the 0.786 Fibonacci level of the long term range since October 2022. The last two times it did that break out, it turned into the most efficient sell opportunity. Last time to do so was on November 1st 2023. With the 1day RSI also deep into the overbought region, we turn bearish. Sell and target 1.3300 (0.236 Fib, it has been...

TheCryptagon

Solana / SOLUSD touched the 1day MA50 yesterday for the first time since February 24th. That happens to be exactly on the long term dashed Channel Up. If its holds the 1day MA50, buy and target 400.00. If the 1day MA50 breaks, we expect a slightly lower bottom like on January 23rd. On that occasion, buy when the 1day RSI hits its Support A Zone and target...

TheCryptagon

Tesla / TSLA has made a Double Bottom on Friday and today is making a run for the 1day MA50. This is an important level as since January 9th (3 months) it has been the Resistance and hasn't been broken. But can this Double Bottom for Tesla be a 'META bottom', like the one the social media giant had in November 2022? Both fractals formed Lower Highs under a...

TheCryptagon

On this chart you see Bitcoin run against the DXY, which is the U.S. Dollar Index. On every single Bull Cycle, when the DXY forms a Channel Down, BTC rallies on its Cycle most aggressive part. The DXY is currently getting rejected on a Lower High, being inside a Channel Down since September 2022. This shows that we are again on that part of the Cycle when BTC...

TheCryptagon

The EURUSD pair got rejected today exactly on the 1day MA100, touching it for the first time since March 21st. That took place very close to the Falling Resistance of the Bearish Megaphone pattern, which adds more selling pressure on it. The ssell signal will be confirmed once the 4hour RSI crosses under its MA trend line. Sell and target 1.07230 (top of...

TheCryptagon

The S&P500 index / US500 hit the top of the Channel Up that started in August 2022. If the 1week RSU crosses under its MA trend line, we will have a sell confirmation, much like July 31st 2023 and February 20th 2023. The minimum decline has been -6.06%. Another one of this magnitude, conveniently tests the 0.382 Fibonacci level of the Channel Up and more...

TheCryptagon

Bitcon / BTCUSD is following a systemic rise since the September 11th 2023 low. The first Leg since September 2023 rose by +97.65%. The second after a correction under the 1day MA50, rose by +91.57%. The correction was -21.08% and got close to the 0.382 Fibonacci retracement level. If the current pull back ends up also correcting on the 0.382 Fib by -21.08%...

TheCryptagon

GBPJPY is trading inside a Bullish Megaphone. Every time the 1day MA50 broke downwards, the pattern gave a sell signal with the minimum decline on the Bearish Wave being -4.17%. If the price does break under the 1day MA50, sell and target 185.500. The 1day RSI is already on a Bearish Divergence. Previous chart: Follow us, like the idea and leave a...

TheCryptagon

USDJPY has reached but yet failed to cross over Resistance A (151.950) since last Wednesday. The prevailing pattern is a Channel Up so wait until a 1day candle closes over Resistance A and buy the break out. Target 155.500, which would be a symmetric bullish wave as the first one of this Channel Up. Previous chart: Follow us, like the idea and leave a...

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WTI Crude Oil has been on Lower Highs even since the rejection on the Rising Resistance of the Megaphone pattern. As suggested by the previous Bearish Waves, this is a sell signal, with the 4hour RSI following a similar pattern. Sell and target 79.75 (-3.33%, symmetrical Bearish Wave), which is where the 4hour MA200 is expected to offer support. Previous...

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Gold has been rejected at the top of the 6 month Channel Up. A similar rise in magnitude (+11%) took place on the first bullish leg of this Channel Up and then pulled back to the 1day MA50 and hit the 0.382 Fibonacci level. The 1day RSI is already on a Bearish Divergence. Sell and target 2115 (0.382 Fib) for the short term. Previous chart: Follow us,...

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Bitcoin / BTCUSD pulled back today and tested the bottom of the Channel Up pattern that has been trading in since the start of February. The first test was successful and the pattern held, so this maintains the bullish trend. It may very well extend the rise up until the mid April Halving as based on the 1day RSI fractals, we may be replicating the October -...

TheCryptagon

Tesla / TSLA hit the Falling Support today, which is the bottom of the Bearish Megaphone started after the July 19th 2023 High. On top of that, the 1day RSI turned oversold, entering the Support Zone that has priced all 4 bottoms and buy opportunities since the April 27th 2023 Low. That Low was at 152.40, marginally under the current price. As you realize, this...

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WTI Crude Oil is close to making a 3rd contact on the Falling Resistance, which last time ended in a 4hour MA200 test. Along with the Rising Support, this pattern resembles December-January, which later broke upwards to a new High. Until it does, sell and target the 1day MA200 again at 77.50. Follow us, like the idea and leave a comment below!!

TheCryptagon

EURUSD is getting rejected on the 0.618 Fibonacci retracement level of the 14 month consolidation range for 4 straight sessions. This is bearish enough on its own, but it is also the symmetrical level where the price got rejected on June 22nd 2023 to marginally under the 0.5 Fib. The 1day RSI patterns between then and now are very similar. Sell and target...

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S&P500 / US500 is approaching the top of a Fibonacci Channel Up that goes back all the way to August 2022. The 1day MA50 has been in firm support since November 3rd 2023 but as the 1day RSI is squeezed inside a Triangle pattern, a break out is inevitable. This is technically more likely to be to the downside due to this overbought multi month momentum near the...