gumoca

gumoca Updated 

I've been talking about this wedge pattern for the last days, and it seems to be working so far. I'm expecting a bounce to $4.4K and be rejected down to point D $3.8k and then to perform a last move to point D at around $4.8k. Then perhaps some volatility towards $6k by december. So levels to add could be here for a quick trade, and if the wedge pattern fails then...

gumoca

I think this could be a possible pattern for BTC from now until year-end. I know there are some people who think BTC is going down, but I think BTC already has proven to have a strong support at around $29.3k. We have a possible head and shoulders pattern completing shortly here as the measured move was precisely at around $29k which was tested and backtested...

gumoca Updated 

Looking for sideway action here between 3455-3853 until end of September, perhaps until the third week. If that inverse head and sholders patters plays out, then expect a decisive move to all time highs perhaps $4,800 but that also may be a supply zone and will take ETH to backtest the triangle at around $3850 maybe more than once. Then by October it should take...

gumoca Updated 

I think the ride with SOL has ended but who knows, this chart could be horribly wrong. I'm just paying attention to the fib levels and it seemed like SOL just topped. As I see a lot of overhang here it may tank or continue sideways. But I think I favor the tanking scenario with many bag holders left in the short term as size buyers sit on sidelines until dust...

gumoca

I think this consolidation favors a move up in $LINK by the beginning of 2022 at around $50. Adding at around $24 seems like a good level.

gumoca

Option 1> fomo and jump, but now looks toppy so this is the least likely scenario Option 2.1> I favor this scenario where ETH consolidates in a triangle pattern, then takes off by end of year Option 2.2> this could be another possibility in which ETH fails after consolidating into that triangle pattern which is just forming. Then fake and throwdown followed by...

gumoca

I think ETH needs a breather over here, but it is hard to tell when it is going to top as there is too much sentiment. Looks like a top to me for now, and now some consolidation will start to kick in here likely. Some potential path outside that wedge and then after that. But to affirm this is just one possibility is a must. I think ETH could go higher from here...

gumoca

ETH formed and IHD in that wedge, the measured move from the head till neck is about $5K, MACD crossing and volume increasing indicates $5K likely but needs more volume. Still the pattern could fail, and no pattern is 100% accurate.

gumoca

It seems like this pattern could fail as I'm seeing a bit of overhang here in ETH. This could take it back somewhat for another attempt to tackle $4k perhaps by end of the month unless huge volume ends up eating the supply here. It does not seem like ETH can take $4k for now, but it depends on BTC sentiment a bit too. Perhaps all the market could take a breather...

gumoca

Sometimes trading in crypto looks very sentimental. You can tell as typical patters don't necessarily hold. I think this wedge will eventually break but for now this level seems to be resistance. We may see some pullback into the wedge for a last 4-5 move perhaps. If fails then we need more consolidation.

gumoca

0.80 seems like a magnet for now. See what happens next weeks as ETH continues its ascend to 0.9 and then 0.1 BTC likely.

gumoca

XLM flagging here for a measured move to 0.45 or so. 0.32 could be entry as long as the channel holds.

gumoca

It seems it's all about what BTC will do. But interestingly enough ETH has been moving faster that BTC in this catch up exercise towards 0.08 BTC and progressing well to 0.09, watching this consolidation. Seems like a lot of supply here. NTF demand (increased demand for ETH) and gas prices make it appealing for both end-users and holders. The idea of stacking ETH...

gumoca

FORTH seems like in a looooong cup/handle right in the middle of cup more or less. Accumulating here seems like a good idea below red line not so *not investment advice Some levels indicated here.

gumoca

ADA is just backtesting here I think. No need to worry as long as it is above here.

gumoca

Ethereum has been placed in this channel for potential lateral movement with some upside to 4,100.

gumoca

I think ETH has the potential to trade at 0.1 BTC in the near future. Perhaps once BTC surpasses $50k, then coast is clear for ETH to move past $5k. For now looking at $4k or 0.80 BTC like a magnet.

gumoca

ETH topped for now shy of $3.8k expected a continuation during the weekend if can hold above $3.6k support.