CryptoFallen

CryptoFallen

Technical Overview: - Support Levels: Immediate support at $164 (61.8% Fibonacci retracement). Further support around $100. - Resistance Levels: Primary resistance near $260 (38.2% Fibonacci retracement). - Moving Averages: The daily 50MA is currently above the price, indicating a bearish sentiment. - Volume Analysis: Volume is relatively...

CryptoFallen

Key Technical Points: Support Levels: Immediate support is seen around $49,477, which aligns with a crucial Fibonacci retracement level. Resistance Levels: The primary resistance is around $62,239, coinciding with recent highs and a critical Fibonacci level. Moving Averages: The daily 50MA is acting as a dynamic support level, indicating a bullish...

CryptoFallen

Overview: The daily chart provides a more granular view of the recent price action and highlights shorter-term trends and key levels for COINBASE:ETHUSD Key Technical Points: 1. Trendline and Channel Patterns: - The price is navigating within a smaller descending channel within the larger weekly channel. - A breakout from this descending channel...

CryptoFallen

Overview: The FX:AUDUSD pair has shown significant signs of a trend reversal after being in a downtrend since 2021. The pair reached a low just below $0.62 and has since made a strong recovery. Key Technical Points: 1. Trend Reversal: - The pair has broken out of the descending trendline that has been intact since 2021. - This breakout is a...

CryptoFallen

It appears that #BTC has broken out of its downward channel on the lower timeframe and is currently retesting it, showing signs of bouncing off. Our analysis suggests that we may see a bounce towards the next Fibonacci extension level of 1.618. Notably, this level aligns with a resistance line formed by previous highs. The question remains: will we break it? ...

CryptoFallen

Current Bitcoin ( CRYPTOCAP:BTC ) price action suggests a descending channel formation, with notable support around the $60k mark. Analysis indicates the potential formation of a descending triangle pattern, where the lower boundary aligns with the $60k support level. By projecting the triangle's peak downward, strong support zones emerge in the range of ...

CryptoFallen

History generally tells us where CRYPTOCAP:BTC is going to go, these channels in the past and now new channels formed seem to hold. Current local top?

CryptoFallen

Keeping it simple and seeing that CRYPTOCAP:BTC will come back down to retest the long term support line where there is between the 0.618 and 0.786 retrace.

CryptoFallen

BNB is looking to break further down, currently on the LTF it it looking like a bear flag continuation, before the big leg down possibly!

CryptoFallen

Looks like CRYPTOCAP:BTC may rebound from here, the indications are: BTC testing previous resistance, which will now act as support. 1-hour shows a Bullish Divergence. BTC is testing the Lower-Bands of the channel. 4,8.12hr Bollinger Bands are really stretched. What are your thoughts?

CryptoFallen Updated 

Using mainly VPVR we can see that there is strong support for BTC at the accumulation zone between $9.5-12k, in a down market this is very plausible as no one would be really buying a risk on asset. Thoughts?

CryptoFallen

BTC/USD Bullish Case - MACD/Signal and Histogram reversing (Daily) - Possible Bullish Divergence (Daily) Key Support: $16k, $15.6k Bearish Case - Still within the descending triangle - Has not made a new higher high yet - Hidden Bearish Divergence (30min,1hr and Daily) Key Resistance: $16.6k, $17.3k Thoughts? I'm leaning slightly more bearish.

CryptoFallen

BTC Rising wedge, will go down to previous bottom again, will we break this time?

CryptoFallen

BTC looking weak, if we fail to hold $16.5k and get smashed down with volume, $12-13k we go... Thoughts?

CryptoFallen

Only thing that would have BTC bounce atm is from the 1hr potential bullish divergence...

CryptoFallen Updated 

After retracing 0.618 fib, and looking at the hourly, looks like ETH is about to have another leg up to the $1,700 area. There is a POSSIBLE Hidden Bullish Divergence...

CryptoFallen

Looking at and utilising EW with Fib, looks possible for ETH to be looking at making new highs? Trade with caution though.

CryptoFallen

BTC failed and got rejected just above the $21k area, which was also a perfect 1-5 EW setup with fibs. Now looking to come down, whether it is a 3 or 5 wave structure is yet to be seen. Thoughts?