For me the upside of BTC is quite limited! There is a heavy resistance at $30k! Negative if we go below 200-MA and positive if we get above $33k! As always we are highly correlated to the stock market! Let's be patient!
Etherum more downside ahead? Key levels are obvious!
BTC moving to 27.5k and then further downside ahead? This would also be in line with 0.382 Fib. retracement and resistance at 28.5k!
ETH heading to $2000 and then further continuation to the downside?
BNB Move up to $280 (Fib. 0.618) and then further downside incoming?
13 cents ADA would be a good risk reward ratio in my personal opinion and in line with Fib. retracement 0.168!
My outlook for 2023: More downside possible especially in the stock-market which could lead to another drawdown in the crypto-market (additional 60%) which provides good entry-points for many quality alts (from my perspective)! Happy new year!
Elliott Wave is a theory about the market in how trends unfold! Here is another indicator for #BNB! Be cautious with LONGS! Not financial advice!
BNB at a heavy resistance zone (0.618) and quite overbought on the daily!
2008 chart pattern of the S&P 500 aligns pretty good to current moves. I don't think that we we follow the exact same path and get lows like in 2008/09 but lets see how far we go! Next price target for me 3000 after some upside moves in October! Hmmm SPX
BTC crucial levels to watch! Will we hit 12.5k soon?
Crypto is highly correlated to NASDAQ! Volatility index (VIX) to #ETH price chart has been a very good indicator for reversals! In addition we are close to the 200-day MA and pretty overbought!
Volatility index (VIX) to #BTC price chart has been a very good indicator for reversals! Hmmm?
For me the upside of #Etherum is quite limited! We could see another leg up to roughly $2000 and then go lower! Let's be patient! Nasdaq looks also quite overbought + 20% over the last 50 days!
#Totalcryptomarketcap There is another 40 - 50% downside risk in the overall crypto market! This would be also perfectly in line with the long-term trendline! Nice buying-levels for me by around $600 billion! Not financial advice!
Nasdaq looks overbought! New lows coming in soon? Trendline act as resistance!
For now I have two main liquidity zones where I have placed some limit orders for #ETH! We are still in a perfect downtrend of consecutive lower lows and lower highs! Don't forget that!
DAX more downside incoming! Fib. retracements gives us some indication!