Aksel Kibar, CMT @TechCharts Twitter profile

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Aksel Kibar, CMT

@TechCharts

7 years

Consider TechCharts Membership- Weekly Global Equity Reports, breakout alerts, Educational Video - Classic Charting.

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Aksel Kibar, CMT

@TechCharts

3 months

This is the 5th month $BTCUSD is not backing off from the strong resistance around 65K. I see this as very bullish long-term. Sticking to a resistance and no intention of selling off is usually a sin of pending breakout.

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Aksel Kibar, CMT

@TechCharts

3 years

41K held (so far). Next week, sharp rebound and a recovery above year-long average at 44.6K --> bulls will have the upper hand. $BTCUSD #cryptocurrency

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Aksel Kibar, CMT

@TechCharts

3 years

Low volatility conditions suggest we are close to sharp price action. It could be the beginning of the next trend period. Stay focused. $BTC #Cryptocurency

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Aksel Kibar, CMT

@TechCharts

5 years

There are 4⃣ type of #BREAKOUTS 1⃣Breakout without any retest 2⃣Breakout with a re-test 3⃣Breakout with a hard re-test 4⃣Failed breakout Following tweets explain each one of those with examples from recent breakout alerts

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Aksel Kibar, CMT

@TechCharts

3 months

If you want to save yourself 2-3 years of back and forth while looking for the right strategy in financial markets: Stop drawing diagonal lines. Including trend lines. Focus on horizontal boundaries with min 3 touch points. Thank me later.

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Aksel Kibar, CMT

@TechCharts

3 years

I can save you 5-10 years of back and forth on charting and land you on year 10th of mine. Please read the next sentences. >>> Indicators are derivatives of price. Clear your charts from all indicators and focus on horizontal price action. Pure price action.

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Aksel Kibar, CMT

@TechCharts

1 month

$BTCUSD The willingness not to back off from that all-time high horizontal resistance and 7 month in a row tight consolidation with short monthly candles is super bullish IMO. You know what I will be looking for a multi-month long uptrend that can develop from here... Similar

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Aksel Kibar, CMT

@TechCharts

2 years

Here are 4 books that I read and read again. They are my reference books on classical charting.

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Aksel Kibar, CMT

@TechCharts

5 months

Lived in Istanbul, Montreal, Dubai & Abu Dhabi. All exciting and vibrant in their own sense. Last 4 years I'm in this quiet ski town of Bulgaria. I think small towns/villages > metropoles

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Aksel Kibar, CMT

@TechCharts

2 years

If you give me only one tool to make money in financial markets with charting, I will take the horizontal line.

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Aksel Kibar, CMT

@TechCharts

2 years

$BTCUSD Significant energy is built in this tight consolidation. Breakout above 21K can quickly push price towards 25K. Breakdown below 18K can send price towards long-term rectangle target at 13K. Don't believe in anyone telling you they know the breakout direction.

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Aksel Kibar, CMT

@TechCharts

3 years

$BTC One last comment on this: Unless you are quick to reverse position, do not trade the breakdown from the recent #symmetricaltriangle looking consolidation. Given that we are very close to the apex, it will not behave according to text-book. (1)

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Aksel Kibar, CMT

@TechCharts

8 months

If $BTCUSD breaks the upper boundary of the channel at 49K, it will possibly rally to 65K in a very short period of time. Usually breakout above the upper boundary of a trend channel is followed by a runaway price action. But first let's see the evidence.

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Aksel Kibar, CMT

@TechCharts

3 years

Are you open to the possibility of $BTC testing support at 28.6K one again? That would still not damage the long-term trend.

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Aksel Kibar, CMT

@TechCharts

3 years

Remember it is still a trading range between 30K and 42.5K. Ignore the headlines/news. Focus on 30K and 42.5K $BTC #cryptocurrencies

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Aksel Kibar, CMT

@TechCharts

3 years

These are the chart patterns I focus on. All else, I view it as derivatives of the patterns below.

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Aksel Kibar, CMT

@TechCharts

4 years

Wedge patterns are the least reliable. Every now and then you nail one reversal with a wedge pattern but they are difficult to trade be it in identifying, confirming breakout or placing protective stops. Instead, I focus my attention on chart patterns with horizontal boundaries

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Aksel Kibar, CMT

@TechCharts

8 months

$BTCUSD I don't think this is breakout to all-time signal. Don't FOMO this part of the move. 65K-68K resistance area.

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Aksel Kibar, CMT

@TechCharts

2 years

My strategy is not to BUY bottoms. My strategy is to wait for a trend to reverse then buy the clean classical chart pattern breakout. Example:

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Aksel Kibar, CMT

@TechCharts

4 months

$BTCUSD Still a steady uptrend. Still can be considered a pullback to the channel. A long black weekly candle that breaks down the support at 60K will change the outlook from bullish to bearish with double top interpretation. For now monitoring it as a possible rectangle

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Aksel Kibar, CMT

@TechCharts

4 years

#RECTANGLE is one of my favorite horizontal chart pattern setup. Here is a short video on how a rectangle can form, breakout, complete its re-test and resume towards its price target.

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Aksel Kibar, CMT

@TechCharts

6 months

I might be reading into it too much, but it looks like sellers are exhausted here... All we need is the bulls to take control and start moving higher. $BTCUSD

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Aksel Kibar, CMT

@TechCharts

3 years

In the next cycle, I'm favoring $ETH over $BTC #cryptocurrencies

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Aksel Kibar, CMT

@TechCharts

2 years

$BTCUSD The longer it remains below the broken support at 18K, the higher the chances of downward continuation towards 13K. #cryptocurrency

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Aksel Kibar, CMT

@TechCharts

2 years

The week starts right below the resistance (28.6K). Support is at 25K. $BTCUSD The more price resists a sharp pullback towards 25K, the higher the chances of a breakout and targeting 34K. Tight consolidation right below 28.6K can be the early signal for a breakout higher.

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Aksel Kibar, CMT

@TechCharts

2 years

The more $BTCUSD resists a sharp pullback from 28.6K, the higher the chances of it breaking on the upside and price targeting 34K.

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Aksel Kibar, CMT

@TechCharts

2 years

Holding well. Daily scale might be forming a short-term bullish flag. $BTCUSD #cryptocurrency

Aksel Kibar, CMT

@TechCharts

2 years

The week starts right below the resistance (28.6K). Support is at 25K. $BTCUSD The more price resists a sharp pullback towards 25K, the higher the chances of a breakout and targeting 34K. Tight consolidation right below 28.6K can be the early signal for a breakout higher.

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Aksel Kibar, CMT

@TechCharts

6 months

Weak downward momentum as $BTCUSD tests 60K should be considered bullish. I still view this as a pullback to the channel upper boundary.

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Aksel Kibar, CMT

@TechCharts

3 months

$BTCUSD right under horizontal resistance. Possibly preparation for a breakout higher. Earlier breakouts had a similar prep right below resistances. Confirmation will be a long white candle. And no, it will not be late to wait for confirmation given that price will clear multi

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Aksel Kibar, CMT

@TechCharts

8 months

Ideal condition for me on $BTCUSD: Short and tight consolidation right below the 65K-68K area for couple of weeks, hold above 55K, build up energy and then breakout to all-time.

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Aksel Kibar, CMT

@TechCharts

11 months

2024 (POSSIBLY) is going to be eventful. #GOLD

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Aksel Kibar, CMT

@TechCharts

1 year

Must have classical charting books.

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Aksel Kibar, CMT

@TechCharts

6 months

My posts on #CHINA is not getting enough attention. Either X is broken & filtering those via some algorithm, OR, this market will really catch many off-guard. Seems like there is very little focus on Chinese equities right now.

Aksel Kibar, CMT

@TechCharts

6 months

#CHINA #SSE50 ready for next week? $EEM #EMERGINGMARKETS

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Aksel Kibar, CMT

@TechCharts

5 months

I've simplified classical chart patterns to the most basic/common 8 patterns. I think most new patterns are derived from those basic ones. Our brains pattern recognition is not that advanced to focus on so many derivatives. In fact better success can be achieved by narrowing

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Aksel Kibar, CMT

@TechCharts

3 years

After a sharp sell-off like this, the market tries to stabilize. Old supports become the new resistances. 43K the low for the wedge is the new resistance. Trading range between 30K and 43K. Break 43K on the upside, comes the next resistance (neckline at 48K).

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Aksel Kibar, CMT

@TechCharts

6 months

$BTCUSD Bulls, I don't think there is a better level to show your strength. If the rally will continue, price should find support around current levels.

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Aksel Kibar, CMT

@TechCharts

1 month

$BTCUSD Nothing good happens below the year-long average. Next week will be important week for $BTCUSD.

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Aksel Kibar, CMT

@TechCharts

9 months

Ezber yok analiz var. Dirence direnc diyemeyen gidip kumda oynamali.

Aksel Kibar, CMT

@TechCharts

9 months

O zaman ezbere teknik analiz yapmayan hesaplari takip edeceksin arkadasim. 2024 Bloklarin yili olacaga benziyor.

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Aksel Kibar, CMT

@TechCharts

11 months

On #GOLD : Don't rush to claim it a breakout. The current technical setup suggests that a breakout needs a long white candle to clear such strong long-term resistance. Even after such a candle you will not be late to go long, history suggests. Past similar breakouts/breakdowns

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Aksel Kibar, CMT

@TechCharts

4 months

Long black weekly candle that closes below 60K will confirm the consolidation as top reversal with a short-term price target of 50.4K. For now no breakdown. $BTCUSD

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Aksel Kibar, CMT

@TechCharts

4 years

Next week will be important for $DXY

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Aksel Kibar, CMT

@TechCharts

5 months

Setting up nicely. The more we remain in this range the more powerful the breakout can be. Wait for confirmation. $BTCUSD

Aksel Kibar, CMT

@TechCharts

5 months

If we are not forming a double top here with the latest re-test of 70K, I see this consolidation very positive for $BTCUSD breakout to all-time possibility. Consolidation in a tight rectangle will build up more energy.

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Aksel Kibar, CMT

@TechCharts

4 years

"The most favorable buying (or selling) opportunity comes as soon as the break-out shows up on the chart." Richard W. Schabacker #BIST100

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Aksel Kibar, CMT

@TechCharts

10 months

$BTCUSD Uptrend is intact with the upper boundary of possible trend channel at 47K-48K

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Aksel Kibar, CMT

@TechCharts

4 years

The next 3 tweets will show you that all you need is a clean chart (no indicators) a ruler and a pencil to identify a possible trend period to profit from. Before we start, our template: 1 year of data on daily scale Candlestick chart (my preference white background)

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Aksel Kibar, CMT

@TechCharts

2 years

#GOLD if 1,680 breaks down it can move really fast similar to year 2013 breakdown of 1,530 levels. #METALS Caution! Extreme low volatility on long-term charts.

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Aksel Kibar, CMT

@TechCharts

11 months

#BIST100 low volume, low volatility condition. Can be followed by a strong directional movement. Whichever breaks I would go with that. 7,400 breaks down --> H&S top confirms with price target 6,400-6,540 area 8,080 breaks higher --> H&S top failure confirms with price

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Aksel Kibar, CMT

@TechCharts

5 years

Cup & handle is a bullish continuation chart pattern. Its well-defined horizontal boundary allows us to see clearly the breakout level. Here is a short video on how this pattern develops.

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Aksel Kibar, CMT

@TechCharts

2 years

Both #flag and #pennant are continuation chart patterns. An ideal move would be a breakout higher in the next few trading sessions to target 34K. Failure to do so, will result in a morphing of the chart pattern. Count down. $BTCUSD #cryptocurrency

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Aksel Kibar, CMT

@TechCharts

5 months

$BTCUSD Continues to build that consolidation. Possible preparation for a breakout to new highs. 73.7K acts as resistance.

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Aksel Kibar, CMT

@TechCharts

2 years

Upper boundary of the possible bearish pennant and the downward sloping red trendline are overlapping around 23K forming short-term resistance. $BTCUSD

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Aksel Kibar, CMT

@TechCharts

7 months

$BTCUSD closing at the highs of the week (end of Sunday) will send a positive message for the coming week. Confirming breakout to all-time highs can take place any time with recent strength.

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Aksel Kibar, CMT

@TechCharts

4 years

#TURKEY #BIST100 targeting strong resistance at 1230. Still at the early stages but a breakout above 1230 can be very positive and target 1600 levels. #BIST30 #EmergingMarkets

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Aksel Kibar, CMT

@TechCharts

8 months

May 2021 and Jan 2022 reversals from 65K were sharp. If $BTCUSD holds on to its gains next few weeks between 65K-55K area, I will view it as a preparation for breakout to all-time highs. The very bullish scenario is a straightaway breakout.

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Aksel Kibar, CMT

@TechCharts

2 years

$BTCUSD To put things into perspective; structural change took place with the breakdown below 28.6K. If there is another breakdown below 18K, it will resume the downtrend. If there is a breakout above 21K and a move towards 25K, it will not signal the beginning of an uptrend.

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Aksel Kibar, CMT

@TechCharts

5 months

$BTCUSD Are we done with that pullback?

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Aksel Kibar, CMT

@TechCharts

3 years

#INDIA #SENSEX #NIFTY price action has taken a parabolic shape. Parabolic moves are not sustainable. Caution...

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Aksel Kibar, CMT

@TechCharts

3 years

This is how I'm looking at $BTC long-term chart. That 20K discussion is the possibility of a pullback towards the minor high of 2017. Ideally in a strong trend price should not pullback that much.

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Aksel Kibar, CMT

@TechCharts

1 year

Gold is up Dollar is up BTC is up Correlation experts... How do we explain that?

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Aksel Kibar, CMT

@TechCharts

6 months

$BTCUSD Weekly close can form a long-legged doji (even a dragonfly doji) around support. Bullish implication. Check out this post on candlestick patterns to learn more about this pattern >>

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Aksel Kibar, CMT

@TechCharts

10 months

Derbi maci izler havasinda finans piyasasiyla ugrasan arkadaslar var. OBO zorlama, kani bozuk. Kibirli ukala. Bu hesaplari blokluyorum. Bana Turkiye analizi yapmiyorsunuz, Turkce yazmiyorsunuz diyen arkadaslar icin paylasiyorum. Short signal degil diye kac sefer yazilir

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Aksel Kibar, CMT

@TechCharts

2 months

$BTCUSD The weekly close will be important to monitor. Long lower shadow will suggest buyer's strength around these levels.

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Aksel Kibar, CMT

@TechCharts

3 years

This is my long-term view on $BTCUSD. Monthly scale price chart. "IF" April-June period was a pullback and it is over. The rebound that is taking place since July should not stall here. In other words, bulls need to be more aggressive pushing the September candle to all-time.

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Aksel Kibar, CMT

@TechCharts

2 years

If this is not parabolic price action I don't know what is. #BIST100 #TURKEY

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Aksel Kibar, CMT

@TechCharts

10 months

#GOLD between 1985 and 2070. Breakout above 2070 (weekly close) can confirm the rectangle as a continuation with the price target of 2460

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Aksel Kibar, CMT

@TechCharts

6 months

$BTCUSD Getting closer to the point of decision making. The consolidation has been orderly and pulled back towards the upper boundary at 60K. It is important for 58K-60K support area to hold for the uptrend to resume.

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Aksel Kibar, CMT

@TechCharts

4 years

These are the patterns I'm focusing on. I like to identify mostly (except symmetrical triangle) chart patterns with horizontal boundaries with several tests. Select few patterns applied on a large number of instruments.

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Aksel Kibar, CMT

@TechCharts

2 years

Don't take your eye off the ball. Extreme low volatility condition on daily scale. Significant energy built up in this consolidation. Directional movement soon. $BTCUSD

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Aksel Kibar, CMT

@TechCharts

6 months

$BTCUSD Not a breakout. Still a consolidation.

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Aksel Kibar, CMT

@TechCharts

5 months

$BTCUSD Strong weekly close should be positive for the coming weeks. Support holding...

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Aksel Kibar, CMT

@TechCharts

2 years

Not a prediction for a reversal, but given the amount of negative news and doom in #cryptomarket supported by weaker selling momentum (downtrend not as steep as before) I think we are closer to a some sort of bottom. Not a time to be so negative.

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Aksel Kibar, CMT

@TechCharts

6 months

$BTCUSD Now close to inflection point. If the ideal condition continues to play out, price should hold above the upper boundary and resume its uptrend. 58K-60K support.

Aksel Kibar, CMT

@TechCharts

6 months

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Aksel Kibar, CMT

@TechCharts

1 year

$BTCUSD Looking ready to resume its uptrend. #cryptocurrencies

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Aksel Kibar, CMT

@TechCharts

3 years

Diagonal vs horizontal boundaries... Every time a diagonal boundary is breached, there is a risk of re adjustment. It makes it more difficult to manage risk with proper protective stop-loss management. For more videos >>

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Aksel Kibar, CMT

@TechCharts

6 years

Use the same template to open charts. I prefer 1) Clean (no indicator) 2) Weekly scale 3) 4-5 years of data loaded 4) White background 5) Candlestick charts Shorter-term duration traders should do the same on daily scale charts with 1 year of data.

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Aksel Kibar, CMT

@TechCharts

2 years

The challenge for $BTCUSD is the immediate strong resistance at 28.6K after 25K. Ideal condition is to break 25K with momentum so that it clears 28.6K in one shot. Without properly forming the right shoulder, it might not gain that momentum. (1/2)

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Aksel Kibar, CMT

@TechCharts

3 years

$BTC Let me start with saying that I have no idea what the price chart is trying to do at this point. A base formation (bottoming process or a continuation pattern to resume down) Few points on this chart that might help with our conviction on the next move. ( #thread )

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Aksel Kibar, CMT

@TechCharts

8 months

$BTCUSD Upper boundary of this channel is not a random level. It is a technical level recognized by market participants.

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Aksel Kibar, CMT

@TechCharts

11 months

$BTCUSD looking good. It can accelerate on the upside.

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Aksel Kibar, CMT

@TechCharts

8 months

$BTCUSD Upper boundary of the channel as of this week at 51.7K. Breakout above that can send the price fast to 65K. Failure to clear the upper boundary resumes the uptrend but inside the channel.

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Aksel Kibar, CMT

@TechCharts

6 months

$BTCUSD With geopolitical event or not, price action will do what it is set to do. Focus on the chart, not the headlines.

Aksel Kibar, CMT

@TechCharts

6 months

$BTCUSD Bulls, I don't think there is a better level to show your strength. If the rally will continue, price should find support around current levels.

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Aksel Kibar, CMT

@TechCharts

2 months

Good morning. Wishing everyone a great week.

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Aksel Kibar, CMT

@TechCharts

8 months

The upper boundary of the trend channel. $BTCUSD Break that and we rally to 65K.

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Aksel Kibar, CMT

@TechCharts

11 months

Setting the stage. #GOLD

Aksel Kibar, CMT

@TechCharts

11 months

2024 (POSSIBLY) is going to be eventful. #GOLD

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Aksel Kibar, CMT

@TechCharts

10 months

#TURKEY #BIST100 7,410 is at risk. Possible reversion to the 200-day average.

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Aksel Kibar, CMT

@TechCharts

7 months

$BTCUSD Consolidating and respecting the boundaries so far...

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Aksel Kibar, CMT

@TechCharts

1 year

Price has a tendency to test traders/investors patience in 2 different ways. 1) With a deep correction and causing capitulation at bottoms 2) With a correction that extends in time (mostly sideways) and result in loss of interest. Second one is possibly happening $BTCUSD

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Aksel Kibar, CMT

@TechCharts

3 years

#SILVER first needs to prove itself with a breakout above the 200-day average. Only after that it can tackle the neckline at 24.7 levels. Though breakout above that can complete a double bottom and would be very positive. #METALS

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Aksel Kibar, CMT

@TechCharts

2 years

#GERMANY #DAX 2008 vs. now. Do you see similarities? 👉Top reversal 👉Price relative to 200 day average 👉Lower lows and formation of a descending triangle

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Aksel Kibar, CMT

@TechCharts

3 years

Year-long average and 41K horizontal support overlapping around same area. Below that the next support is 28.6K. Let's see how price reacts around 41K. $BTC We have already seen one rebound.

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Aksel Kibar, CMT

@TechCharts

4 years

In a steady uptrend you will find several chart patterns completing in the direction of the overall trend. You can utilize each breakout to enter new positions or pyramiding the existing ones.

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Aksel Kibar, CMT

@TechCharts

6 months

Still part of consolidation and possibly preparation for a longer-term breakout to all-time. Not there yet. $BTCUSD

Aksel Kibar, CMT

@TechCharts

8 months

Ideal condition for me on $BTCUSD: Short and tight consolidation right below the 65K-68K area for couple of weeks, hold above 55K, build up energy and then breakout to all-time.

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@TechCharts

2 years

#GOLD was supposed be an inflation hedge #BITCOIN was going to the moon when everything collapsed $DXY was toilet paper due to massive printing The list goes on...

Aksel Kibar, CMT

@TechCharts

2 years

In financial markets always: Expect the unexpected. Have a plan for the unexpected.

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Aksel Kibar, CMT

@TechCharts

4 months

$BTCUSD The lower shadow leaves the jury out. We need more data in the following week. Still a rectangle consolidation. Still sellers do not have the upper hand for a double top confirmation.

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Aksel Kibar, CMT

@TechCharts

7 months

$BTCUSD As of now not a confirmed breakout to all-time highs (weekly scale). Seems more like the short-term consolidation taking place below the resistance area. Can regain strength for a breakout attempt. Above 58K (upper boundary of trend channel) outlook remains positive.

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Aksel Kibar, CMT

@TechCharts

4 years

Long-term price chart of #BIST100 . When confused about a chart, the best practice is to zoom out, step back and look at the chart again. Every now and then review monthly and weekly scale price charts. They help you to put things into perspective.

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Aksel Kibar, CMT

@TechCharts

4 months

The upper boundary of the channel did not hold. Horizontal support at 60K is broken. I've adjusted the boundaries of the trend channel to see strong support area. Year-long average, rectangle price target and the lower boundary of trend channel are overlapping around 50K.

Aksel Kibar, CMT

@TechCharts

4 months

Bulls having difficulty to reverse price from support area. Weekly candle will have importance. A long black candle that closes below 60K can result in a larger scale correction. $BTCUSD

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Aksel Kibar, CMT

@TechCharts

5 months

I would say so far "ideal" condition. $BTCUSD

Aksel Kibar, CMT

@TechCharts

8 months

Ideal condition for me on $BTCUSD: Short and tight consolidation right below the 65K-68K area for couple of weeks, hold above 55K, build up energy and then breakout to all-time.

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Aksel Kibar, CMT

@TechCharts

5 months

An important technical level for $BTCUSD

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28

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