Daily cup and handle played out to form a nice double bottom. Possible head and shoulders is still threatening as we didn't break the high of 76.2k we hit on 3/17. Currently looking at a little bit of a pullback as the dust settles from the peace talks news in the middle east.
Entering a long later today/tonight on this cup and handle forming on the 1 hour. Entry is at the .786 fib level, if the charts convey a bottom before we reach .786 I will enter earlier.
4/7/26 Tue 8:30pm
BTC
I have been expecting a reversal on larger time frames due to large cup and handle forming. The crash to 59k (2/6/26) essentially hit the .618 Fib level from our most recent ride up from the lows of bear market dating back to January 2023.
I tend to believe the latter. Fear and greed have been very low recently can indicate macro bottom but we will see. Lower time frames seem to be flagging out and waiting for moving averages to catch up to price suggesting more upward movement...
4/7/26 Tue 7:50pm
Paxg
Closed long on the 1 hour. We pumped hard today so I took my gains and ran. It continued higher to hit my initial first target but that was the final small runup before correction. I was able to get a short on the top based on most time frames RSI being
I am seeing possible megaphone pattern on small time frames. Larger time frames still look like a big cup and handle. Actually cup and handle forming in the current larger handle. 1 hour and daily 200ma still below price action which is bullish.