I also expect a bearish December, which could stretch significantly into 2025, based on the Fear & Greed Index and price movements from March 5th to August 6th this year. In the meantime, the price could cover the existing CME gap and even make a wick to a 67K area... Let's wait and see. Cheers.
Hello. I can't help to notice bearish div's playing out on BTC. Will that take us to the CME gap, marked on the chart? Or will we revisit 100K and go above? Stay safe.
Hello Traders. I think a correction is due before BTC can move further. BTC has to find a higher volume in order to make a significant move. Levels are on the chart. Happy Halloween!
Since the end of October 2023, ETH made quite a move. The price rose in a channel almost until the end of Feb '24. The price then broke the channel to the downside and formed a bearish flag corresponding to the final part of the H&S pattern, the right shoulder. Both patterns lead us to a very similar target of 1.880 and 1.823$. We are also witnessing a bearish...
Hey traders. KDA performed beautifully in Dec. '23 with a 100% growth in price. But since than it is in Bearish trend and with the current bias all over the Crypto Markets I believe it could retrace back to 50 cents. That is if the support at around 0.80$ won't hold. Since Dec. '23 volume & RSI are descending also. Let's say a mid term correction for KDA is due...
Hi, this is the way I see the future price movement. It can consolidate a bit at 25K, but i think the CME gap is waiting for to be filled. Also an RSI bearish divergence has occured, which indicates a larger probability of a bearish movement. The old "sell in May and walk away" could prove to repeat :) My 2 cents... NFA. Thanks
Hi there! i think BTC is due for a correction as it has formed a similar pattern in last year. We could absolutely have a bounce to the upside, but sooner or later a correction has to happen. Hopefully we only see a correction to the bottom of rising wedge and not to 18K levels. Confirmed also by bearish div. on RSI and MACD cross. Stay safe!
Hi everybody! I posted a simple weekly Chart on BTC, and what I find concerning here is that we have the HISTORICAL closeness of EMA50 & EMA200. For the death cross pattern to be a strong indicator of a further strong downtrend there has to be a steep decline of a shorter average period indicator. We thankfully don't have it here in my opinion. BUT it is a very...
Hi traders. Let me post my idea after a long time :) BTC is in the downtrend channel of 2022. It has formed three consecutive bear flags and BROKE the channel upwards! But is now forming descending triangle pattern, which is a bearish pattern. We could easily retest the 2022 channel at app. 18K $. Also, RSI is relatively high and it looks like it will plummet. SEC...
Hi traders! Well, BTC can't hold in this range for much longer. Many indicators poiting to the upside and obviusly there are outside factors, that hold the price in the range. I'm expecting a strong move to the upside in next few days, perhaps weeks. Hang on! NFA! Good luck!
Although it depends on capital flowing into crypto in the following months, a bearish divergence has historically proven to be a good catalyst for Altcoin markets. We wait and see... Good luck!
I think that Flux is forming a nice bullflag on the 3D chart. We can see it completed the cup&handle nicely and is forming a bullflag with a target price of 23$. That is if BTC remains bullish and we don't see a WW3... Good luck!
KDA has interresting setup. Price waiting to brake, RSI just did. What is interresting, is the golden cross, that will happen arround feb. 24th. This thing will fly... Farewell!
Dear Altcoiners.... I think we still have a bit more downside, before we can get optimistic. Altho RSI is low, it can stay there for a while..
Doubt it, but checked Cointelegraph article and drew a few lines :) Would be awesome!
Hi traders, in the storm of bearish sentiment, i am still staying optimistic about btc. I see some obvious similarities from the start of 2021 falling wedge and the recent one starting from May 19th. Both patterns are confirmed with high selling volume and the weakening RSI. However, 27K is very possible in order to complete ABCDE pattern, before breaking out...
At 0.245 Flux will compete the pattern and could proceed to the next target at 0.32. Flux on!