Showing slight weakness on this pump above ATH's (Bearish Div) - Weekly & Daily. (Volume falling despite price climbing) - weekly. However BTC being parabolic i do think we can continue further after this daily retest of the previous high. one thing i will be looking at is the candlestick closure of the WEEKLY, if this closes in a bearish formation OR under...
Simple chart, classic fib. broken dreams. Bearish because of the fail to break through the 60k region. big bearish divergence on lower time frames throughout the weak upside. could be wrong as that is the nature of the game but it looks bad to me... don't be blinded by the hype.
after a nice uptrend & rejection of key level 1.85000 i would now like to see GA swing back down to 1.825000.
nice clear channel breakout. may get in on the retest for a nice downside target.
My own personal thesis on BTC.
i can see btc forming a nice double bottom at 36k. then breaking out of the current descending channel that we are currently in. if we loose 36k i think it will then drop to 28k again and fill in the wick. then back up from there.
after being dragged down by BTC, ZEC is massively oversold. looks to be currently forming a nice inverse head and shoulders reversal pattern & has already formed a double bottom coupled with some bullish divergence on the MACD. Could this be the reversal? or will it get dragged down even more. i am personally in the trade as seen by the RR tool on the chart. GL!
nice ascending channel break with bearish divergence. with a retest. looking for the following target.
Looking bullish for XRP nice double bottom coupled with some bullish partial divergence