Dogeusd appears to be validating a falling wedge breakoutNice green candle today greatly increases that probability. *not financial advice *
1day
Potential inverse h&s on TRBUSD to keep an eye onThe right shoulder hasn’t completed yet so there’s always a chance this doesn’t play out. Especially if any unforeseen black swans are looming in the near future. However, considering Q4 should likely be bullish at this phase of the market cycle, there’s also a good probability of this pattern playing out so I’m posting a chart of it here so I can easily keep tabs on it later. *not financial advice*
3 Bull Patterns on BTC about to trigger a bullish domino effectPriceaction is now for the second time solidly back above the bull flag we had been consolidating inside for the past few months ever since hitting the newest ath. It has also gone up to complete the left shoulder of an inverse head and shoulders pattern that is also overlapping the bull flag. We have yet to take price action above that neckline but by the prices current bullish behavior and how its not being rejected that heavily I would expect that we can at least send a wick above the. Teal neckline of the invh&s pattern wishing the next few daily candles if not the current one. Often times price action will go above the neckline of an invh&S pattern and then back below it multiple times before the real breakout gets triggered however in this situation, if price can maintain support above the top trendline of the green bullflag it will likely breakout of the inv h&s with way less back and forth above and below the neckline. The bullflag breakout will bring the momentum necessary to also trigger the invh&s breakout and as priceaction heads to both measured move price targets it will also surpass the purple line and flip it to support s well which is the rimline of a massive cup and handle pattern. This all culminates into one big bullish domino effect and that confluence helps greatly increase the probability of all of thee patterns confirming their breakouts. Not to mention another big invh&s pattern we confirmed the break out from many months ago had a target of 82k and we still haven’t quite reached that yet and in doing so, we also would trigger all 3 of these patterns so it may actually be the most appropriate 1st domino of this domino effect(will link that chart pattern idea below). However these 3 dominoes are clustered all very nicely together so it should lead to a pretty explosive move upwards. The inv h&S’s target is around 86k the bullflag’s target around 101k and the cup and handle target is 133k respectively. One last thing to mention though is that I am basing the bullflag’s price target of 101 k off of the size of the flag pole we see here on the daily(as well as the weekly) chart. Once you flip the timeframe to the monthly chart, you actually can see the pole of the bullflag on that time frame is much bigger and brings the bullflag target up all the way to 117k. *not financial advice*
Potential rising channel breakdown on BitcoinBitcoin had been forming a rising channel for quite a few days here which is seen best on the 4hr chart timeframe. I chose to show it on the 1day timeframe though because the channels breakdown target just so happens to align with the daily 50ma(orange line). It would make a lot of sense for it to retrace to the 50ma and attempt to retest it as support. Of course being that we are in the midst of a potential phase 3 of our bull market, this also increases the chances of bearish patterns not hitting their full breakdown targets(especially on time frames smaller than 1day). So there’s no guarantee it hits its full breakdown target. Many times in this cycle of the market price can even form bearish patterns that till find a way to break upwards. There’s also a chance here much like when we topped out in 2019 after a big parabolic pump in of this just being the beginning of the correction and for price to break down from even a couple more additional bearish patterns as well. So I will do my best to keep things updated If I see any further bearish patterns form off of wherever this one goes but for now, I preliminarily am going to try to get a small dip buy in if it reaches this current potential break down target and then watch for t he next pattern to develop after that. *not financial advice*
Update on BTC Inv head and shoulders pattern.As one can see here looking at this chart, the dotted light magenta colored measured move line is more or less being overlapped by the daily 20ma(thin teal line) for double reinforced support and at the current moment the 20ma is maintaining support for now. It wouldn’t surprise me if price eventually wicked below it to retest the inv h&s neckline as support since it never did on the initial breakout above the neckline, but its also fairly probably that the 20ma or dotted measured move line can hold support. We will find out most likely before mid june if there will be any deeper correction before resuming the uptrend *not financial advice*
ABTUSD Breaking upward from a bull pennantIt looks like it is validating the break upward, full emasured move target can lead to 180% gains from current price range. Of course always possible it corrects all the way back don to the top trendline of the pennant before reaching the full target. If so that’s simply an opportunity to enter at a zone with even bigger gains potential. It could just as easily keep pumping until it reaches the full target as well. If longer consolidation it could take 1 as many as 1-3 weeks to reach the full target also…and then of course a possibility with the least probability as it somehow does a 180 and doesnt reach the full target as all since anything’s possible…but as I said, that scenario is the one with the lowest probability at the moment. *not financial advice*
Quant appears to b on the verge of validating an invh&s breakoutNo guarantee it ont go back below the neckline once or even twice or thrice before the real breakout as such things are common, however it definitely looks like this current breach above the enckline could be the one that ends up validating. The breakout target once it validates is $171. *not financial advice*
Bitcoin dominance teasing a break above the purple channel.The fomo of people wanting to start piling into bitcoin is intensifying and we can see that here in the bitcoin dominance chart as price action is starting to poke its head above this purple channel we’ve been consolidating in for some time. For it to truly break out. Of this channel it’s gonna need to flip the tan trendline just above it to solid up port though. A rejection from that tan trendline could send bitcoin back inside the purple channel. Should it flip the tan trendline to support, you can see the dotted purple line that will lead us to the full measured move target. We can also see a dotted green measured move line from a different chart pattern to the left of that also having a price target that is close to the same range, which bolsters the probability of the purple target being reached with some nice bullish confluence. No confirmation of the breakout just yet but If we can get a full candle closing above the channel in its entirety that will likely be a bi sign that its ready to trigger. First things first is just getting part of a 1day candle body to close above the top trendline of the purple channel. SHould this confirm its breakout then we are likely to see bitcoin pump on its own while most of the alts only go sideways or have very little increase in price until bitcoin dominance has reached its full target. *not financial advice*
Gold just made a big splash above this key pink trendlineXAUUSD made a big splash and just got a new ath recently as it broke above this pink horizontal trendline for the first time. We can see since then it has created a big bear wick however so not so sure it will be able to maintain this pink trendline as solidified support or not. Once it eventually does hod this pink trendline as solidified support for a weekly candle or 3, that should likely be enough to trigger the breakout from this trendline…at that point the target gets pretty bullish. A correction would not surprise me if this big bearwick on the current candle closes as such but for the medium turn I would say gold is having some very bullish developments here. We can also see the recent death cross threat has been confirmed a fakeout and quickly reversed back into the golden cross formation…a great sign for prolonging its bull cycle. *not financial advice*
Is gold finally ready to breakout from the pink channel/flag?You can see here on this chart how gold seems confidently above the pink trendline but you can also see to the left of that that we were above this line once before not too long ago and that resulted in a big wick and dip back below the trendline to correct for awhile, as is often the case whenever an any asset breaks above a key trendline like this for the 1st time…now that it is the second time above it and it seems to be holding much better support as of now the chances of this being the breach of the trendline that triggers the breakout is much better with a much higher probability, though there is still some lesser probability for it to go back below the trendline once twice or even thrice again. With each time it goes back below the trendline, the odds of the very next breach up above the trendline being the one that validates the breakout begin to increase exponentially. The current one looks confident enough that its very plausible we could see the breakout validated this go-around, so I’m going to post a chart of this idea with the measured move lines adjusted accordingly to reflect this current spot s the breakout point just so I can more easily keep tabs on it in the coming weeks ahead. *not financial advice*
The right shoulder of the Dow’s Inv H&S is its own inv h&S!!We are looking at the Dow jones on the daily here and can see 2 distinct inverse head and shoulder patterns have formed here. The larger one I have indicated with a lavender neckline and the smaller one with a green neckline. Price action is currently above both of them and overall this is looking very bullish, however we must remember that the daily timeframe is less effective in traditional stock markets than in the crypto market because the market is much more mature. That being said , I’m pretty certain the larger of the 2 inverse head and shoulder patterns would qualify as a weekly pattern or possibly even a monthly timeframe pattern so if we can get a few weekly and maybe a coupe monthly candle closes above the lavender neckline this will be a very bullish development for the Dow and greatly increase the likelihood of these patterns validating their breakout. For now though, it’s looking awfully ripe. *not financial advice*
Propy validating an inverse head and shoulder breakoutIt almost feels like it might head for the full target while the majority of the market is correcting here. *not financial advice*
Gala breaking upward from inverse head and shoulders patternTarget is 58 cents. Next target after that is retesting the top trendline of the tan channel, aka the double bottom neckline. *not financial advice*
Near Protocol is now on my radar; 2 bullish breakouts in playBeen hearing lots of good things about NEAR so finally pulled t up on a chart and I can see in the short term it is currently breaking upwards from a descending channel which looks much more like a bull flag on higher timeframes, as well as an inverse head and shoulder pattern. I have illustrated both measured move targets here on the chart; The purple dotted line representing the bullflag target, and the green dotted line representing the inverse head & shoulders target. * not financial advice*
Ethusd well on the way to its channel breakout target.Just an update of this chart and the breakout eth has confirmed of its long standing channel consolidation. I also expect it to hit the second target on the left of the chart that is slightly higher not long after that as well. That target is from a wedge ethereum broke up from long ago. *not financial advice*
BONKUSD Appears to b ready to trigger the double bottom breakoutTwo potential channels here to consider on this double bottom breakout on BONKUSD (of which its possible for both to be valid). We will see soon enough if both targets get hit. Based on the current overall bull cycle I’d say probability is high they are both hit *not financial advice*
Solana’s breaking above an invh&s that’s also a right shoulder Priceaction is currently above the neckline of this daily chart inverse head and shoulder pattern on solusd with one daily candle close above the neckline so far. Should it trigger the breakout the measured move target is $135 which would put price action above the neckline of a much bigger weekly chart inverse head and shoulder pattern’s neckline. The measured move breakout target for that larger invh&s. Pattern would be around $242. Last October we saw the Dow Jones Industrial chart also start to break above a big inverse head and shoulders pattern that also had a right shoulder which was it’s own smaller inverse head and shoulders pattern just as we are seeing come to fruition now on the Solana chart. We must remember on that chart we had an initial fakeout above both necklines around July so there’s always a chance the initial break above the necklines for this solana chart starts as a fakeout too. However since then, The DJI chart has hit the target of it’s smaller inv h&s target and is very close to hitting its bigger inv h&s target so I’d say using that as a precursor, probability is rather high for solana to also hit both of its breakout targets within the coming months. *not financial advice*
Inverse head and shoulder target on bitcoin = 47700Almost to the full breakout target of this inverse head and shoulder pattern I posted awhile back. If you view this same pattern on the logarithmic chart it gives you a much higher target around 64-65k but I think the linear chart’s lower target shown here has much higher probability of being reached. Eventually the other target will get reached but we will probably see a sizable correction before that full target is achieved imo. *not financial advice*
Avax confirming the log channel breakout.You can see on this log chart that Avax has confirmed a breakout above the yellow channel. On its way to the breakout target it has los broken above an inv h&s neckline. This is a very asymmetrical inverse head and shoulders pattern as we can see the right shoulder is extremely tiny and the head appears to be Siamese. All the same if this inverse head and shoulders pattern also validate the breakout target for it is around $56. *not financial advice*
15 consecutive daily candles above totals descending channelWe can see price action came back down to retest the top trendline of this descending brown channel with exact precision and held above it now for 14 consecutive 1day candle closes. It is very likely to close a 15th consecutive candle here soon. We can see one wick back below the top trendline of the channel that was ultimately supported by the 1 day 5ma(in orange). That 50ma is now getting closes to rising above the channel itself for added springboard support. We can also see that the daily stoch rsi is reet as well with plenty of room to head upward. Everything is looking very good for the breakout of this channel to be validated in the ear future. *not financial advice*
Greyscale appears to be breaking out from cup & handle patternFresh off the heels of their victory against the SEC, it seems as though it is now very likely this breakout will be confirmed on this cup and handle pattern on the 1 day chart on the GBTC greyscale chart. We can see priceaction has already retested the rimline as solid support before the current big green impulse candle. Also a very nice bullish impulse on the volume candle as well for bullish confluence. *not financial advice*
FILUSD working on a potential inverse head & shoulders breakout.First candle above the neckline is rarely the candle that confirms the breakout, but if we can get the current candle to close above the neckline as well as 1-4 more candles the probability of a breakout increases quite a bit with each additional candle close. For now w are still working on even getting our first candle close above the neckline but it does look promising. *not financial advice*
Total descending channel finally having a real breakoutThis descending channel we’ve been watching now for quite sometime once again has price action rising above it…perhaps this time will finally trigger the actual breakout? If so the breakout target is around 1.2 trillion *not financial advice*
