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ClearBreaksEdwards & Magee edition

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bitsCrunch Token BCUT

$0.0004429+13.59% 24h

Lines are each pattern's own boundaries (support, resistance or neckline; grey = the pattern's swings), drawn only on the timeframe where it formed.

Minimum target (book measuring rule)Magee stop

Candles: KuCoin.

Chart patterns

Breakouts & breakdowns

12-day bearish pennant · 3 testsBroke down · retested 26d ago1D
Ch 11: a small converging pause on light volume after a near-vertical fall. Confirmed by a close about 3% below the line ($0.0005376). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.0003452 (a minimum, not a limit). Magee stop (Ch 27): $0.002146, 7.3% beyond the last minor top.

Fakeouts

3-week bear flag · 3 testsFakeout 12d ago1D
Ch 11: a short drift up on light volume after a near-vertical fall (the mast). Confirmed by a close about 3% below the line ($0.0004964). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $0.0003187 (a minimum, not a limit). Magee stop (Ch 27): $0.002146, 7.3% beyond the last minor top.