Auguraltrader

The recent price action stalled flattish with 4 days of doji... but overall, these doji have long upper tails. This means that with every attempt intraday to rise, eventually it is smacked down. Hence, selling pressure not tremendous, but enough to keep it in place.MACD though a slightly lagging indicator, has already heads up that the daily chart of BTCUSD is in bear territory. Just need price to follow and complete the picture.The window is opened for the revised target of mid-Feb 2025 accumulation at about 88,000.Watch the weeks to come...

As highlighted previously, there were issues with the recent BTCUSD Bitcoin rally... and so it is very clear now that there is a TOP resistance to breakout eventually. This is marked out by the green box at about 107K. Furthermore, breaking back into the purple box also suggests a breakdown out of the lower end... to which just about happened. The thing is, this is only a beginning and there should be about 5 to 8 days more of overall sliding down.I marked out the immediate TDST at 89,164, expecting that over the next 5 days shou;ld breakdown below that level. The next TDST is at 69,284... and I think this is a little too far down.Looking for two bounce areas at 88K and 75K for reaccumulation, some time in mid- to end- February. That's the plan.

Overall, and fundamentally, Bullish on Crypto.However, few things are red flagging...A surprise sudden rally that appears to have ended yesterday with a long upper tail to close the daily candle in very bad shape. This candle itself shows the selling pressure, above the previous day down candlestick that is pretty much a Bearish Engulfing. The recent reversal represents a double top (perhaps?), albeit there is a higher high; but for Crypto I would tend to disregard this due to volatile nature of the asset anyways. Price action also broke out of a decision box (purple) and broke back in again, typically expect to extrude the other (lower) side.Meanwhile, the RoVD has tapered below zero although still green.So, perhaps the projected path is still intact and BTCUSD is moving somewhat to expectations...So aiming for Feb @75K...

Weekly SOLUSD chart shows an indicative picture perfect Bullish burst.1. MACD and VolDiv crossover on the bullish territories. The last time this might have happened would be about July 2021 (VolDiv had not enough data to be plotted atat that time);2. a large consolidation since early 2024 appears to be breaking out and a potential break on the long term trendline is indicative with favourable technical indication; and3. Fibonacci retracement saw a 61.8% pullback for the base which never broke down and during this time, VolDiv was trending upSo heads up... SOLUSD has a projected target price of about 336 around mid-2025.

Looking back at the BTCUSD weekly charts, there appears to be similar, if not the same, technical conditions before the start of a massive BTCUSD rally. This comes with both MACD and VolDiv crossovers and a breakout of a trendline after a period of consolidation.Marked out by time lines, the Green lines are the most similar to current (yellow), and the orange has only a differing VolDiv. All are breakout points and appears to be great accumulation start points for the next year or two.Just weeks ago, a similar technical set up was made, and today is a couple of weeks after...Clear correlation here, so we know what the most probable for the next year going forward...Seriously Bullish BTCPS. this is the repeat post... the amended version.Just two weeks later, interesting developments in the world leads to a spike in cryptocurrencies… perhaps the start of what is to come.

Looking back at the BTCUSD weekly charts, there appears to be similar, if not the same, technical conditions before the start of a massive BTCUSD rally.Marked out by time lines, the Green lines are the most similar to current (yellow), and the orange has only a differing VolDiv. All are breakout points and appears to be great accumulation start points for the next year or two.Just weeks ago, a similar technical set up was made, and today is a couple of weeks after...Clear correlation here, so we know what the most probable for the next year going forward... Bullish BTCREPOSTed with amendmenmts

Pretty self-explainatory, the recent days have had BTCUSD drop out of the consoliudation range (yellow box) and into lower levels. This is concomitant with a MACD breakdown as well.Projecting forward, the next buy time and price expected, are given.

Just wanted to show something here... I do play around with timelines, and with BTCUSD, it is a little uncanny that more of these are followed. See example in chart for pretty much 2024, only one time in end March did it fail. Otherwise, there is a 7-14 day heads up on the imminent direction.Uncanny.So the point is that tomorrow should see the peak, and by mid-June (10 June as it states) should see the rebound. Thing is, the current top would be the major top, or at least the major slide down for this year.Technicals are aligning to this scenario...A yellow box of the range from March should be watched. Expecting at least a revisit of the support. and then a possible slice through(?)Heads up... we also revisit in a few weeks to see outcome here.

Using the BTCUSD 4H chart, here I show how to do:1. Projection for upside target;2. Identify and qualify a breakdown.First, if you scroll to the left of the chart, you will see that a rally and retracement was identified. An arrow was mapped to the length of the first rally. Then clone the arrow and shift the clone to start at the bottom most point of the retracement. This extension rally typically has a few characteristics...a. MACD and VolDiv will spike high and cross down, but linger in the bullish area gradually falling (as opposed to a quick cross down and drop below the zero line); andb. Price will rally and stall and repeat a pattern of higher lows and higher highs.Now, typically, an extension rally should target for the 1.62 Fibonacci level before a proper stall. But in this case, a stall came in about 1.23 Fib level. This has been observed to frequently happen and then it can rally up another extension to 1.62.As in this case it failed and started a breakdown pattern.The breakdown pattern starts with a flattening out of prices. In this case, price started deviating from the projected path.This comes with a bearish divergence in both MACD and VolDiv, in the forms of lower highs as opposed to price higher highs.Then, a series of lower highs and lower lows will form... this is shown in the blue line. Note that the level formed by Point C is the ultimate breakdown level. once price completes the pattern and breaksdown below Point C, it is completed and a flush down typically follows.By this time, the technical indicators MACD and VolDiv should clearly show a crossdown into the bearish area below the zeroline.So, we then can do the projections to the downside, in a similar fashion. This time instead of using the arrows, the Fibonacci levels are shown... For this case, a confluence is seen about 62K... and hence, expected a bounce about that level. But the target is a little further down at 60K. (Yellow and Red ellipse, respectively).I had earlier posted via mobile a 62K target and within an hour or so, it swiftly hit that level.Now to watch how it breaks down to 60K...So there you have it, my descriptive of how I identify the trend change / retracement / pullback.PS. I wanted to mention that time line on 14 March 2024. It was drawn in advance and denotes the peak point in time.The next is about a month's time where is should bottom out in the middle of April (not shown in this chart.

As in chart projection, downside firmed and first target is 62,000Waves of Lower Low broken the bullish uptrend, so reversed for short bear trend.