just speculating, probably we hit like 10-11k tops now then correct back to suport before the major rally starts
Previous analysis hit all tp targets www.tradingview.com
I think we need to pull back more before any more upward movement, current situation from my POV defined in chart
Simple setup I'm using. Support= Channel & / horisontal support. Open=0,618 TP=Fib targets = channel targets. SL=375$ (Start of leg to 444$) Wick possible to extension after. => 500
Just a random scenario Nothing to bet on! Chart is inverted.
2 simple trades RSI bearish, fits in with overall picture
ETH is looking like it will mirror previous behavior - short and long term Weekly chart does not look extremely bullish at this point in time but there are signs approaching. There is a build-up to reach the turning point for the market to reach a bullish saturation. (Consolidation) The market was eagerly trying to kick start the bull-market but was stopped out...
Higher stakes. Divergence and pattern extended Could possibly fake out to stronger support before bouncing up
Welcome to a long term projection of Bitcoin. You are viewing : · Monthly chart · EMA12 (Black) · MA48 (White) · Volume MA12 Bitcoin is currently riding the support of EMA12. A breakdown is expected, as pressure from bears in this price region continues. The RSI has showed overoptimistic tendencies and is now declining to neutral range. Target for a...
Looks like bears are losing control , potential, but perhaps limited upside looks inbound.
Possible rising wedge/bear flag pattern could take us down to 130$ range.
Assumed direction based on trend and confluences