BitcoinThe major trend is still declining, but we can hope that Bitcoin will recover today. Although it no longer has the strength of yesterday ....
Cryptoforecast
ETHBTC Forecast based on Cycle HistoryI charted this on 20 May and had not looked at it since.
What I wanted to know was should I be holding more BTC, or more ETH? What will grow more according to the charts regardless of my opinion of their fundamentals or adoption ?
If the charts are a representation of the psychology of the masses, then psychology tells us : the best prediction for future behavior is past behavior.
Thus, I'm a big believer price action rhyming with previous BTC halving cycles.
You've probably heard chartists say "history rhymes but never repeats"
While I am aware that ETH was just getting started in the markets peak in 2017/2018... and it will likely far outperform BTC, I have charted a conservative forecast mimicking the previous cycle.
I've pointed out the previous ATH of BTC and ETH as well as where I think we can expect them in the months to come.
The past 2 seem to have been on track in a general sense.
Let me know your thoughts
BITCOIN: BREAKOUT BEARISH FLAG|PRICE WILL CONTINUE TO DROP DOWN?Welcome back Traders, Investors, and Community!
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BTCPressure on sales has intensified in recent hours, with Bitcoin appearing to advance to the round figure of 30,000. Short Bitcoin today!
EthThe clear downward trend for eth over the last day, a trend that seems to continue. Eth took down the supports one by one, advancing towards the 2200 area. We were waiting for the next day to be clearer where it could stop.
ETH/USDT Weekly ForecastEthereum forecast for next important days.
What is your idea? will price break out the triangle?
Elon's Tweet or Obvious Price Action ?This is an update to my previous Idea linked below. Previously on 4H chart. I've zoomed out to a 1D chart to get some greater perspective.
BTC failed to break its resistance - indicating an inevitable downward movement.
Then came Elon's tweet, catalyzing the downward momentum.
I don't really think his tweet had much to do with this drop as TA already told us to expect it.
I view his tweets as catalysts to what is already expected as per TA.
On the chart, I've delayed the time estimated to reach "spring".
Using the 1D RSI I'm more confident that we will likely break support in the week to come before trending up for the long term.
My ideal price movement is marked in green.
Comments and criticism welcome
ADAAfter rejecting the 1.89 resistance, the ADA may move to the 1.45 support and then retest the resistance. Long moderate for ADA today!
ETHSlight rebound for ETH over the last few hours, test stopped by resistance around 2700. A descent to the support from 2450 is very likely, we will see what happens from there. A long moderate prediction for Eth today, once it reaches the 2450 support.
ETHAfter 2 days of declines, eth has been trying to get up since yesterday afternoon. The fight is now for the resistance at 2500, which once overcome would open the way to 288-2900. Long moderate for Eth today!
BITCOINThe king tries for the third time in 2 days to reach 37,000 again. However, it seems that fear and caution are still strong in the Square. If it goes above 37,500, we can see another leg up, if it goes below 35,000, we can expect it to retest the previous lows. Basically the 2 values can represent SL / TP as the case may be. Long cautious for Bitcoin today.
DOGEThe rebound trend for DOGE after the support of the 0.285 support. It is still too early to assess the strength of the recovery. So a moderate length for the Doge during the next hours ...
BTCFor now, the support in the 34k-35k area has resisted, and the king is now trying a much more timid recovery, compared to the declines of the past days. But BTC needs a rebound, Crypto generally needs a rebound. Long BTC today ...
BTCDay of indecision for BTC, who does not seem to want to climb too much. The force of his weight seems to push him lower and lower. Giving it another 24 hours, maybe it will show us more clearly the direction of travel.
DOGEDOGE does not impress with its climbing force, so it timidly recovers a very small part of yesterday's landslide. The model shown on the chart is more Short than Long. With fairly clear declining prospects, let's still be optimistic, and believe it will go up.
ETHIt is not very clear what ETH wants or can do. But what seems clear these days is that it no longer shows the rising force. After yesterday's slip, he is trying to recover, but not very convincingly. Only optimism makes me say: long moderate prediction for ETH today.
ADAAfter a slowdown with the rest of Crypto, the ADA seems to be recovering in the remaining day. We can also see a support formed at 1.5 so we were hoping for a bigger recovery. Long prediction for ADA for the rest of the day.
ETHStrong resistance retested around 2900. The 4th rejection leads ETH to the intermediate support, which seems to form immediately below 2700. Possible lateral evolution in the channel formed between 2700 and 2900.
SHIBAAs we estimated, the return to growth yesterday for SHIBA, a move that we hoped will continue today. So far, the day is starting to grow, which proves my idea. Long prediction for Shiba today.
DOGEAs I estimated, the return to growth yesterday for the Doge, a move that we hoped would continue today. Until now, today's candle, although slightly declining, was at the top of yesterday's. Long prediction for Doge today.
ADAFor now, the support indicated yesterday by the bold Green Arrow has resisted. therefore as long as the ADA stays above the line marked in red we can expect some increases. Long moderate prediction for ADA today.
DOGEFor now, the support indicated yesterday by the Green Arrow has resisted. therefore as long as Doge stays above the line marked in red we can expect some increases. Long term prediction for Doge today.
ADAImmersion today among Crypto, so also for the ADA, which is an important support. If it is broken, the Short trend will continue to previous lows. Short prediction today.
