The target zone all depends on what BTC decides to do here, we can still correct lower to the $19.95k range, but means that the bounce will be higher. Wave 5 would be the 1.618 retrace of wave 4 which bring us to around $21.65k which imo there is a lot of liquidity to be tested there. RSI on the 1hr also is at lows, once it bounces and breaks the resistance trend...
The target zone all depends on what ETH decides to do here, we can still correct lower to the $1460 or $1425 range, but means that the bounce will be higher. Wave 5 would be the 1.618 retrace of wave 4 which currently bring us to around $1665 which imo there is a lot of liquidity to be tested there. RSI on the 1hr also is at lows, once it bounces and breaks the...
BTC: Rising Wedge and Possible Bearish Divergence, this Short Squeeze has been insane for BTC
SOL/USD Bearish Case (Using Log Chart) - Masive H&S in play once we break the neck line is it getting closer. - Strong Resistance currently failing to break the Daily 50MA. 100MA and 200MA not even reached yet. - Downtrend line from Nov 2021 still in play and we are retesting it only once and failing to break it. - Bollinger Band tightening, can also go higher...
Is BTC going to BART back down again? It retraced to the 0.236 or 0.786 level depending how you look at it. It is also close to touching the top of the down trend resistance line
Possible support just under $11 for AVAX, but looking like a massive H&S with inverted C&H.
BTC is in the descending triangle, looks like we are heading to the $18.5k range, failing to form any new Higher High, thoughts?
Looking like a double top is in play for ETH as it struggles to break through the resistance zone in yellow. Thoughts?
As we are range bound, are we going to potentially see BTC make a move up before BARTing back down? Thoughts?
Looks like volume has died off with Casper and a Cup and Handle has started forming, interested to see what happens to price now, looks like a health retrace to $0.041 is inbound. Also Bearish Divergence on the 4hr RSI as well Thoughts?
Looks like BTC is having trouble printing a new local Higher High, are we going to BART down again?
Looks like Casper is reaching for the 1.618 extension before we have any sort of pullback, question is, is this an ABC wave or a 5 wave structure?
Casper is reached wave 3 of EW the 1.618 extension, it looks to be retracing for either wave 4 or this can be seen as a ABC wave structure before more downside in the LTF. Key take is on the 4hr there is a bearish divergence and MACD looks to be rolling over as well...
DXY looking to break the lip of the cup... if it gets rejected, then definitely market goes back up
All these people calling for BTC to break out during a recessionary period... 2018 I fell for the same thing not knowing much about trading, but we know how that went for BTC bulls thinking that a Descending Triangle is a bullish sign... Above is the 2022 chart, below is the 2018, just so you know... June 2018, there was a dip as well, just like June 2022, when...
BTC failing to make a newer high currently, just outside of a descending triangle I have drawn as well shown below, will we BART back down? Also if it does happen will a H&S be in play?
May be hard to believe, utilising the log to see clearer, we have a massive H&S, if we break the neck line at $28, we can potentially see a sub $4 Solana... Thoughts?
This ETH retrace is looking like November 2018 drawdown as well... thoughts, looks like the current BTC chart: