Tradingalpha
Potential ETH Breakout 6hr6hr break out arrow with squeeze of volatility shading (thanks Trading Alpha) - but the best part of this set up is combining the @tradingalpha HTF trend with @caretakers jewel which is showing a potentially decent signal here on the 6 hr in the works with all purple, pink and yellow bouncing off of the .382 with positive slope in bullish formation.
On top of this for further confirmation the 1hr has gone bullish with reference to Fibbo Swannys Threshold Theory system with a target just over 3500, closing the 4 hr above here would automatically lead the time frames up into concluding this Jewel signature on the 6hr could play out beautifully.
ETH 4D 🔴 Above Track LineStage 4 still in progress with no signs of strength.
- Confirmed Reversal
- 🔴Dot
- Squeeze Breakout + Weakness Arrow
- Red Trend Bar
- Confirmed Reversal
- Above Track Line ( Hight Intensity)
- Above EMA 500
Testing Resistance zone with no signs of strength.
For now all red.
Bitcoin "The End of the Cycle (Part II)"We have entered the same zone as summer 2021.
As you can see in May 2021 (1) BTC bounced at the EMA 100 and is now (2) doing the same pattern bouncing at the EMA 200.
In May 2021 after bouncing on the EMA 100 we had an accumulation period where we reached $28.7K.
Considering this scenario, it will have to be repeated, which could take us two months until we have an uptrend again.