Still Following the major falling wedge pattern. Head and Shoulders target still not quite met. Dollar strength is the one to watch. BTC is underperforming compared to tech stocks
On the H4, with price moving within an ascending channel and bouncing off the ichimoku indicator, we have a bullish bias that price will rise to the buy entry at 1916.72 where the pullback support is. Once there is upside confirmation that price has broken entry structure, we would expect bullish momentum to carry price to take profit at 2015.54 where the swing...
When deciding whether to pull out or stay in. Consider this: Am I making money? Is it a good time to build my position since coins are on sale? Currently, I'm waiting to see if the trendline turns green to bullish or red to bearish.
Bitcoin (BTC) The main crypto is in a similar situation to the US500 and the Nasdaq 100 which anticipated the breaking of the Falling Wedge and before the Apple indices which is the most capitalized company on Wall Street. The Hedge Fund reasoning is quite simple and logical. In the accumulation phase, or at the end of the bearish phase of the market, first buy...
Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉 Friends, let's not look back a lot. I remember a couple of months ago I wrote that Ethereum would cost below $1000 when the price slowly went from $1300 to $870 A couple of months have passed, the price has recovered again and people's interest has...
#ETH six straight green weeks and 1st red in the making.. If you have to look something like this in the past, April 2020 comes as the only similar structure (2k% followed) Not a LL in two months / Merge as catalyst over the next 30 days Don't get too bearish 🙂🚀
Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Ethereum from the $2000 level and is now correcting in the $1880 zone I expect that we will go below $ 1800-1750 approximately, as for me from such strong levels, if the price bounces, it flies lower. There are chances to test $2,000...
Likely starting the HTF W2 now. Looking for $1,269 to hold and then start W3 up to and past $4k EOY
In this video I discuss the ongoing strong ETH rally and some of the components that is make it a very strong one. ETH is hitting here some resistance in the books and there is aggressive short selling in the forward futures market (not the perpetual swaps) The video goes through that is going with Futures and why it is in backwardation. Everyone is very keen...
The TOTAL crypto market cap chart is showing very heavy resistance from multiple indicators and trendlines. The bottom may be in for crypto, but since this is the first back test of a S/R flip, that would mean a correction to retest support before moving up is most likely. Bearish Confluences: 1 year long diagonal trendline 24 EMA on Weekly Weekly RSI...
If weekly 15 ema of $1,800 holds, then looking for long to $2,230 - $2,550 in next few weeks. $2,230 is the 0.5 Fib retrace on weekly. $2,550 is the bottom of the yellow log curve level, 0.618 Fib retrace weekly and near the weekly KC top. TTM Squeeze histogram showing healthy upward movement weekly. MACD histogram showing healthy upward movement weekly....
We have targets for up, till merging (even 2160 comes at play), and I expect some downtrend. Maybe we can even see $400+- fib to be hit again, depending on SPX. If we hold on to SPX, we will revisit low and have accumulation for a few months. DYOR
Head N Shoulders looking like it wants to get nasty, but it's necessary to get rid of the flakes (weak longs lol).
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Several weeks ago I proposed a technical analysis trade setup for Ethereum Classic. First, I analyzed to see what the regime for this asset was: Mark Up, Mark Down, Consolidation. We noted that the regime appeared to be Mark Down, and furthermore that ETC was trading in an identifiable pattern, a channel. Channels are lovely when you discover them, as they...
Many of the lower level support zones hold over from the 3 month chart
all key long term support resistance zones as charted here