Double top.Assuming it’s a double top, if we don’t see a strong breakout with high volume above $71
We can expect a drop to at least $45
A bounce and possibly lower to around $35 but $42-$45 is a good entry point for a scalp
Keeping in mind Comp All time high was $915, we see strong rejection around $71 but is a drop in the bucket compared to what it could be in the next bull run.
With a 52% increase within the week and a 80% increase within the month
Anything above $71 could trigger another push
However on the daily we are currently overbought.
Good luck and have fun with it!
Ncard137
You sure about that?I was pretty sure on this retrace as we see it hit the target areas like clockwork.
I’m pretty sure the buy is a good entry point with a continue slow and steady increase back to the sell point.
Once we hit $0.53 again we may see one more retrace back to the black support line. Followed by support and an exponential increase in price to $0.58 will have a little resistance but hodl through it for the push past $0.60 all the way to $0.68 and potentially push to $0.76 before some selloffs occur.
Good luck and have fun with it
In or outI’m glad we all generally had the same idea on this one. A little late in the posting busy scalping… as we clearly saw a inverse H&S.
We also saw some resistance at key levels.
A push above $0.54 could move to $0.56 before a bit of resistance after that
Next stop is $0.6 all the way to $0.80 roughly, small steady wins are key on this coin and once it breaks it will be a nice bull run
However I expect this to be bearish for a moment to snag some bull SL and. Then we’re off to the races.
Back in 2018Back in 2018 we saw something similar where it was a heavy drop and a retrace to .5 in the fib retracement.. we always hear about the next big bull run but in the back of everyone's mind is profit now.
I imagine we see a push to 2800 maybe 3000 to snag some extra cash before a drop amd a waiting period
I dont see ETH going straight to 10,000 right now what would be the fun in that... the world's avoiding the USD, massive banking corporations are being shut down, major crypto platforms like Bittrex denying US customer and forcing them to thee most (sorry were shut down during peak trading hours platform) Coinbase. Is something to keep in mind when dealing with crypto as that has potential to boost everyone's profits before the crash.
However if the world is all going to be in debt to China anyways they must have a way to keep everyone looking for something to cash out on and make some money. When everything is stored in the ledger and we know how much everyone owes everyone forever we can start to see how difficult it will be to ever pay off our debts. Especially when the market has a bunch of orders trapped at 3,000.
This is just what on my mind for looking at previous chart data.
Good luck and have fun with it
Probably probability We know the markets aren’t base solely on probability but it’s good to keep it in mind.
When looking at this graphs we see there is good probability that we will see a bull run to chase after our recent BTC and ETH bull runs. The probability is good seeing as how we see have a decent bottom and the volume is picking up.
Already at a 15% increase not bad for 3 days
Entry around $0.065
Could see some selling around $0.10
But strong movements are to come
Strong resistance at $0.20
Bitcoin went up nearly 75% let’s watch these smaller coins follow its lead
Good luck and have fun with it!
BTC bearPrepaid for the bears to take control of crypto for a minute. Clear H&S in my opinion push down to $20,000 then even lower to $16,000 before a true bull market.
This recent bull slush is snagging all buy stops then we will see a crash no doubt…
It’s too early for the true bull run in my opinion.
Good luck and have fun with it
BTC bearPrepaid for the bears to take control of crypto for a minute. Clear H&S in my opinion push down to $20,000 then even lower to $16,000 before a true bull market.
This recent bull slush is snagging all buy stops then we will see a crash no doubt…
It’s too early for the true bull run in my opinion.
Good luck and have fun with it
Work from anywhere Done from my phone but following my last idea.... I imagine we will see a small retrace up to test of the 2017 high before further downside.
This is a nice scalp move as I keep repeating a healthy market is key for take off...
Keep and eye out for the retrace to $1475-$1550
Pull out in profit and watch the bear massacre occur.
Good luck and have fun with it
Long (scalp)==> around $1525
Short (swing trade)==> (low low low)
short with a buy stopi expect this movement to be a slowly decreasing line, down to around $1400
a sharp spike up to make it a healthy market.
then followed by a strong bear market.
We might receive a nice $30-$60 increase from this area but further downside is expected if we ever want to hit that new All Time High.
You all ready for thisLets talk about a healthy market. In a healthy market we cant expect 100% all the time what goes up must come down.
I could be posting this to have the market prove me wrong, by watching what i post and going the opposite way.
but with such a strong increase we almost want bears to come out and take this down a notch only so we can watch the bull market fire back.
one of my favorite videos is listed in this link about bitcoin.
click it or dont click it but its pretty damn funny and the way of the market
www.youtube.com
same video with the share link
youtu.be
Lets get into APE shitSo the coin is similar to a Meme coin but has a backing by what we call WHALES. Ape will be used in the metaverse and is used for governance to control what the future of the people who have millions of dollars to spend on pictures of apes. It has the similar potential as doge coin but as for doge coin there are not whales backing the meme coin only the lucky ones Like the millionaire who wouldnt sell at the peak. So we have a new coin to keep and eye on it has a high of nearly
$27 and it is currently at a $5 coin.
As any trader could look at the coin it has a potential for a 4x minimum gain this upcoming bull market. so keep and eye out.
we may see a crash along with BTC and ETH these upcoming months but its a good idea to have a eye out for any potential 400% gains on the sideline
Millionaires don't let their coin go to 0 so play along with the pump and dump.
good luck and have fun with it.
still following the ruleI'm still going with the same pattern drawn out over a week ago. For a healthy retracement its typical to see the .618 get hit before any major movement.
always a chance of pushing upward a bit but just to snag some stops.
in my last post i posted about having a buystop above $1680 and i removed mine knowing that ETH has a tendency to follow the pattern snag those stops and then run away with the money.
and i find that when i post it has even more tendency to hit those exact numbers i list then again run the other way so i pulled my buystop, and im waiting for a lower buy.
Maybe ETH will push to $1587 then continue downwards but now eyes are on other coins moving around.
Like any other altcoin bitcoin tends to control a majority of them but i am looking into a scaling in on a coin MINA/USD.
Nearly 33% gains in 24hrs, but a lot more potential. We all can agree ETH will reach new highs in the upcoming years but these big coins need some retracement to keep them as stable and reliable as they are.
Have fun with it, be smart and know everyone's trading with the same rules..... except FTX
For fun lets say its shortgiven the title.... lets say were in the green box.... do we expect years for the government to get their digital dollar together before take off?
what if this is completely incorrect and we are expecting a (Inverse H&S) in a smaller timeframe to $1070?
do we expect support and a push to $1600? before the drop?
what we know for sure is.... keep buying crypto even in the bear market but be smart about it, your profits will be more in the bull season
for that sweet sweet $10,000ETH price point
Just an ideapredicting the future isn't always easy.... but this is my insight on the ETH game
always a potential to drop lower but were seeing fairly strong support around $1100
i assume it will head towards $1600 again just sort of $1600 and retrace back to $1300 before up to $1750-$1770
then we could see the drop to $600 but lets watch the chart and see where this goes
I hear the US is looking to create their own digital currency through the news, and when the news starts talking shit on crypto is always when its the best time to buy crypto
example....
BTC $139 the news said this is worth nothing.... then it hit about $17,000 in a few month
the news laughed as if its a joke like oh i wish i would have bought bitcoin even though they are the people telling everyone to not buy....
welcome to the new era
When you wish upon a 2017 starso $1622 could be the next stop but we most likely see bears take over for a bit at this quick of a increase in price
$1475 was ETH ((ATH) All Time High)) a very important level to be breaking through.
take a look at the 24th-26th of May 2021 where we have $1000 increase on $1800 we could be seeing something similar in a pattern that may continue to push upwards to $1689 where the thick black trendline pushes downward for a 3rd touch, before the retrace happens.
keep in mind it could be another bull flag but
i doubt well see the full bull run come within the next months; anything is possible.
typically when we have this big of a leg up expect a retrace to level out the market.
$978 would be a nice support for a low-low but we see strong support on the black line coming up around $1240
scalps are a great way to make some profit, and its better then holding onto those long positions that you can always buy back into.
everything comes with a grain of salt so do you own TA
just TA not FA.... and have fun with it.
Support or ShortThe market has been moving sideways with strong support around $1280 and $1240, but i have a feeling those buyers will be selling off with their profits while the FED like to slaughter all bulls anyways.
I believe the market will continue downward momentum with no strong volume. Next stop could be $1200 for a small correction followed but a bigger red candle down into $1087 before more support.
if it manages to push upward past $1320 consider a scalp at $1340
but a stronger push would lead to $1400 before stronger resistance.
Just TA not FA
support around $1280 and $1240
Next stop could be $1200 for a small correction upward
bigger red candle down into $1087
overall short
how low can you goexpecting a drop to $1100 or so.... some money trapped up at $1600
but holding until the retrace... currently expecting a heavy drop possibly down to the yellow circle and a wicked retrace for inverse H&S
if not sideways movement for quite some time.
keep in mind if it drops fast there will be some good scalping opportunities for the move back up to keep a legit market
TA not FA
RetraceThe orange oval is what we wanted to happen and it followed the push up with Bitcoin…..
Now we can expect a push down until the yellow circle around $1620 for a scalp retrace to $1720
IF we see it drop below $1690
IF not we can expect a push up to $1922 or a bit higher with a break of $1810ish
Indecision but bearishWe see indecision on the DAILY, this is the 4 hour but if we decide to get a bull run I expect possibly to $1720
Currently going with the bears on this one could see
Reversal @ $1430, $1350 or as low as $1000
If we go bullish I except to buy over $1660 and a push to $1720 before strong resistance….
Just TA not FA
I apologize for the messy chart just a way for me to see support from years ago