BITCOIN CRASH - Are We Still Bullish? 😕Short answer, yes. We are bullish until we break the 42K level where price has reacted a lot previously. For now, we can look for shorts aiming for the 42K level and then reevaluate once we get more price action.
Currently on lower timeframe, price looks to be in a bearish correction for another move lower. See chart update for lower timeframe analysis.
Altsignals
DENT - Easy Set Up 🤩DENTUSDt is making nice bullish moves. We recently saw an ABC bullish correction with a breakout. Looking for further bullish momentum.
We could possibly come back to retest the ascending trendline. If we don't, look for strong bullish pressure and join in with the move.
See chart for targets.
ALPHA - A Masterpiece - Over 250% 😱The last time we posted Alpha was on June 17th where we identified the descending correction and our buy zone.
Price came into our zone perfectly and broke out the descending correction. Since then, price has moved over 260%!
We are now looking for continuation trades. Watch for price action back to the ascending trendline and enter with stops below the trendline.
Targeting 2.40.
ETHEREUM - Back To All Time Highs 👆🏻Ethereum has had a massive bull run since the triple bottom we saw a couple of months ago. The next best place to look for a trade is the all time highs where we may see some resistance. If we fail to break the ATH, we could see a nice reversal back to one of our structure levels.
Watch to see how price goes up to ATH.
BITCOIN - Watch 50K Closely! 👀Bitcoin has been in a steady uptrend since mid July and we can now see that it is within an ascending channel, which is typically a reversal pattern.
We are now at a crucial price point 50K where Bitcoin has a lot of attention. If we break the 50K level, we can possibly see a retest and another move higher.
However, if we break the ascending channel. we will be looking for a retest to take Bitcoin down to atleast the 42K level.
AKRO - Bullish Pennant Breakout! 👍🏼Following our last analysis for Akro, price pushed up 50% before creating a bullish correction for another move up.
We are now currently in a bullish pennant which bounced off the ascending trendline. Looking to take AKRO higher!
Bullish outlook will be invalidated once we break the ascending trendline.
AKRO - Bullish Pennant Breakout! 👍🏼Following our last analysis for Akro, price pushed up 50% before creating a bullish correction for another move up.
We are now currently in a bullish pennant which bounced off the ascending trendline. Looking to take AKRO higher!
Bullish outlook will be invalidated once we break the ascending trendline.
DOGECOIN - Watching 61.8 Fibonacci Closely! 👁From the triple bottom in July, price pushed up by over 100%. It's only natural that price corrects before making its next move.
We have a really clean structure, which falls in line with the 61.8 fibonacci which alot of people are using to mark out the next swing point.
Watch for corrective price action back to the 0.23 level and enter once you see bullish price action.
Dow Jones - Unsustainable Gains ⚠️US30 has been making incredible gains but with all good things, there must come a period of respite.
We are long overdue a correction - which could be in the form of a slow decline or a massive drop like we saw last time. This will not happen until we see major news or government intervention which would cause a big correction.
Currently we are seeing MACD divergence which is an indication that something big is coming. Keep an eye on the minor ascending trendline and monitor that for a break.
Dow Jones - Unsustainable Gains ⚠️US30 has been making incredible gains but with all good things, there must come a period of respite.
We are long overdue a correction - which could be in the form of a slow decline or a massive drop like we saw last time. This will not happen until we see major news or government intervention which would cause a big correction.
Currently we are seeing MACD divergence which is an indication that something big is coming. Keep an eye on the minor ascending trendline and monitor that for a break.
XRP - Could We Be Going PARABOLIC?! 🔥The last time we marked up a parabolic set up was for Cardano, which ended up pushing gains of over 110%! See linked chart for the Cardano analysis.
We have a similar set up for XRP. We are approaching a key level where we have structure, trendline and ofcourse, the parabolic curve.
Watch the $1-$1.10 level for bullish pressure.
XRP - Could We Be Going PARABOLIC?! 🔥The last time we marked up a parabolic set up was for Cardano, which ended up pushing gains of over 110%! See linked chart for the Cardano analysis.
We have a similar set up for XRP. We are approaching a key level where we have structure, trendline and ofcourse, the parabolic curve.
Watch the $1-$1.10 level for bullish pressure.
BITCOIN - Double Top Scenario 🤔One way to make sure that we catch the big moves in the market is to prepare for all the possible scenarios.
Here we have the double top scenario where we could be seeing an ABC correction now with a push up to the 50K-52K level before getting a deeper correction.
Comment below to share your thoughts on this scenario!
BITCOIN - Double Top Scenario 🤔One way to make sure that we catch the big moves in the market is to prepare for all the possible scenarios.
Here we have the double top scenario where we could be seeing an ABC correction now with a push up to the 50K-52K level before getting a deeper correction.
Comment below to share your thoughts on this scenario!