Again, we got the expected Monthly Close, This time GREEN April is traditionally a Strong Green Month, now with 9 Green Closes to 5 RED - Nearly twice as many Green to Red. MAY is a different story, Nearly 50 / 50 previous closes with GREEN having an advantage of 1. BUT, With April closing Green after the previous months closes, things do look positive. On only 2 occasions have we had a GREEN JAN, RED FEB, RED MARCH, GREEN APRIL And Both of them were on the way to ATH. ( Arrows ) On both those occasions we had a GREEN MAY, though the gains weer minimal and one was followed by a Green June and the other by a Red June. We have had 4 occasions with a MARCH RED, APRIL GREEN, MAY GREEN Of the previous 9 GREEN April Closes, 5 were followed by a Green June And of those 5, 2 were followed by consecutive Green candles closes for the following Months. Though in 2020 sequence ( 2nd Arrow) after a GREEN May close, you can see the candles were not big and we had Red Green Green Red for 4 months then went Green consecutively. Of the previous 7 Green MAY candles, 4 were Bigger than the previous month candle. I am more inclined to look at the 2020 sequence in this for now and yet, at the same time, as posted in another chart, I am also still looking at the lead up to the 2017 ATH and for this to continue, we need a Bigger GREEN MAY close this month. There is a very strong line of resistance just over head. Currently, at time of writing, The opening MAY candle is GREEN but only just This month is CRUCIAL
Looking for a breakout of this upward channel, price above EMA, targeting 27.20 fib level or most recent high before downward trend began. Opinions?
I see a nice positive signal on the ?CADCHF chart, indicating a potential uptrend following a retest of a key daily resistance level. The price formed an ascending triangle pattern and has broken above its neckline on the 4-hour chart. I anticipate a rise in price to at least 0.6014.
After a strong uptrend last week, ⚠️Bitcoin has paused its growth and is now consolidating. A familiar bullish pattern, an ascending triangle, is forming on the 4-hour chart. Currently, the neckline of this pattern is being tested. If there is a breakout above 96,000 and a 4-hour candle closes above this level, it could signal a continuation of the bullish trend. The price may rise to 68,000 and potentially test the resistance at 100,000.
? The weekly divergence between the March 2024 and January 2025 peaks has driven the recent 3-month decline. ? BTC is expected to make a weekly move higher, creating another divergence in the way. ? BTC held above the 2024 peak range 73K without overlap, while the Stock RSI has completed a full reset, reinforcing the bullish momentum. ? Outlook: Over the next 6 months, Bitcoin CRYPTO:BTCUSD is expected to rally into new ATH, with a potential target around 127K by October 2025. https://www.tradingview.com/x/W62KWpoV/
Bitcoin has completed its 4-wave uptrend on the 4-hour time frame and is at the bottom of its valid ascending channel. It is also breaking out of a 5-wave corrective pattern (abcde). With the confirmation of the 4-hour break, we can expect the start of wave 5.
Heres my plan for today if i see my pattern form il be looking for sells
ON THE WEEKLY, we established the major key monthly and weekly zone + momentum loss of candles and appearance of bearish candles followed by multiple candle rejection on the weekly right at the key zone + wide weekly divergence right at the key zone which is very rare!! a week all signaling bearish hence we move to the daily timeframe!!
https://www.tradingview.com/x/GUb6OZfm/ Identification Guidelines Points Discussion 1, 2 This is the base. It may or may not appear and has no significance. 3, 5, 7 These points form the three peaks pattern. It’s not a triple top where price needs to peak near the same price. The shape of the peaks may be flat or pointed. The time between peak 3 and 7 is about 8 months. 4, 6, 8 These are valleys between peaks 3, 5, and 7. The drop to the valley floor can be considerable (that is, the retrace of the move up from 2 to 3 can be large). 8, 9, 10 This is the separating decline. Price drops in at least two selling waves (7 to 8 and 9 to 10). The word least suggests there can be multiple selling waves, so be flexible. The separating decline divides the three peaks from the domed house, making both look squarish. 10 Valley 10 is always lower than 4 or 6 and often lower than both. 11–14 Price bottoms at 10 and then recovers to form at least two valleys that test the low at 10. The peaks and valleys here should look symmetrical, not irregular. 14–23 or 27 The time from turn 14 to 23 should be 7 months and 8-to-10 days, but the measure from 14 can include peak 27. In other words, be flexible and don’t exclude a pattern because the duration is incorrect. If price at 12 or 14 fails to test the low at 10 (or 12 or 14 are absent), then try using valley 4 or 6 in the 7-month calculation to better predict the domed house peak. 15 Price rises quickly and steeply to peak 15, forming the left wall of the first story. 15–20 Look for price to form five waves here, 15–16, 16–17, and so on, ending at 19–20. Price bounces between peaks and valleys, forming the firstfloor roof. 20–21 This is the second story’s left wall. It’s the move up to 21 from 20. 21–25 This is the dome of the house. Price forms another set of peaks and valleys, trying to move to a new high but failing. 25–27 Price drops from 25 and forms a wave 26–27, which may mirror the roof from 15–20. Point 27, if tall enough, may be the right shoulder of a headand- shoulders top formed by the move from 21–25. 27–28 Price drops all the way back to the level of point 10 (or close to it). The drop may be a straight-line run down or it may have several retraces, but price will eventually make it to the price of 10 (in theory). Thomas_N_Bulkowski_Encyclopedia_of_Chart_Patterns_John_Wiley_&_Sons
Bitcoin BTC 4-year cycle is set to conclude within the golden ratios, using both the 2010 and 2022 lows as reference points. Based on historical patterns, the projected target range is 127K - 143K, aligning with previous cycle behavior. https://www.tradingview.com/x/aF79dG6U/