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EssentialBitcoin loves making rhymes. In the past a MA20/W - MA200/W crossover ("death cross") marked a final flashcrash and sealed a bottom. Will it seal a low or a bottom again right here ? Let's see.
Bitcoin price trajectory fitted almost perfectly the scenario presented on june 18th (W analysis) so far. Now, nearing "endgame" and with price approaching the upper bound of the falling wedge, we can see some scrambling already. Short term, we've plenty of concerning factors: Rising wedge (D) Ongoing bearish divergence (D) Rising wedge as well on RSI...
Breakout of descending channel. Volume up. TP #1 160$ area, with possible extension to 200$ area. Latter to be evaluated once target #1 is reached. Two alternative possible routes up. That's depending on the outcome of current test of BB middle line.
Ascending triangle within descending channel. Momentum up, MACD about to flip. Let's wait for the FED on the 28th and evaluate. DYOR.
Falling wedge, TD count 9. Price moving through a descending channel. Needs breakout of the falling wedge. First target ideally 700b. Idea invalidated on breakdown of descending channel. Watch it.
DOT trying to escape a falling wedge and seeemingly rounding a bottom. Red TD count 11 already. Flattening RSI and MACD. Cannot rule out a further wick down, but looks fair to me. * TP #1 close to 17$ mark (> 2x) * TP #2 close to 25$ mark (> 3x, depends on BTC outcome, to be re-evaluated) Estimated 3-6 months. To be re-evaluated.
It was about time to refresh this one, dating back 2019 / 2020. Still valid so far, close to green support. I'm wondering about the outcome. Previous iterations: 2020 2019
2W is a pretty high TF, good for long term positioning if you have PATIENCE. I see a bullish divergence on W and a strongly oversold Stoch RSI on 2W. Flattening MACD, pretty far from SAR. Looking forward to confirming signals within next few weeks / months.
Ethereum still moving sideways within a broad ascending channel. Currently compressed below BB middle line. Volume down, flat MACD, mixed oscillators. Likely to see a crucial test of the lower limit of the ascending channel. If so there is a support area around 2700$ (2750-2500$ currently), which may spark a bounce. failing that mind that a close W under 2700$...
Bitcoin failed the march bounce. Now moving sideways within the lower part of its (blue) ascending channel. This is a tricky and undecisive area. Bears stay in control unless 43k is recovered and MA20W and MA50W can be taken out (see the red rectangle). The latter option would decidedly change the odds in favor of bulls, but let's face the actual scenario...
Watch it. High risk trade. Have a stop or await a proper signal.
Once 118$ is taken on volume -and with a supportive BTC- LiteCoin may move towards its first target at about 150$. Watch it.
Scenario : price is correcting by well over 2 months, down > 50% and close already to target area proposed in previous Weekly analysis. Price currently sits at the bottom of a broad ascending channel, whose top links 2021 highs and bottom links 2022 lows as well as 2019 high. That's pretty straightforward, as you see above. We have some bullish hints : A...
This is the follow-up to 1W November 2021 analysis, given its ultimate 43.000$ target was recently matched. What i still see is a highly risky scenario. Price lost both MA20/W and MA50/W levels and the former is trending down, while the latter is expected to. They will cross eventually. FIB 0.618 of the whole leg up from 2019 (43.800$ area) was lost and...
Ethereum just tested MA50/W and is now likely to move towards resistance. Unless BTC slumps again, of course. 1) trendline support 2) MA50/W support 3) Bullish divergence 4) RSI trending up, oversold Stoch RSI 5) Flattening MACD Speculative trade, stop under 2900$.
Looks like Ether is looking for a bounce, at last. Above 2.650$ first long target sits lies close to 3.000$ mark. Bullish elements: * Bullish divergence (as long as low holds). * Possible diamond. * Oversold RSI. * Flattening MACD. * CMS closing on zero. * TD count 9 on weekly That's assuming a collaborative Bitcoin. Watch it.
Speculative trade, aiming to 1.5, 1.8$. Stop at about 1.00$. Still within wedge, mind the risk. Good luck.
Falling wedge, close to support, bullish divergence. Falling wedge on REEFBTC as well. IF BTC holds and avoids a further slump REEF may start to rise again. It's alts fate. If so that's likely to happen within a few weeks, or even sooner. It may be worth accumulating on ongoing weakness, all the way down to support. Watch it.