mess_on_a_mission

mess_on_a_mission

On ETH ranges are pretty clear. If we go further down then 1.1/3 area should hold. Imo actual range will hold and after few months of consolidation we will start to grind up to range high, then will break up to nxt level up.

mess_on_a_mission

While everybody over and over keeps repeating that this cycle is "different" we had exacly same pattern of reaccumulation scheme on ETH in 2016 before a start of one year parabolic grows. Actual "expanded flat" looks pretty much the same as that one in 2016. Let's see how it goes.

mess_on_a_mission

Imo it's very interesting that touches of 2018/2020 bottoms and '20 highs from actual cycle give us perfect super-channel with just one touch with median so far at "mini bubble" 2019 and heading towards second touch from the upside. In bullish scenario it could be our bottom imo, so around 21 k. But what's next? Red channel is an idea how can it go if things...

mess_on_a_mission Updated 

Looking for the channel in making if we reach 1.3 k in week or so. Imo it's the last support giving us chance for big upward movements, otherwise goblin town is next.

mess_on_a_mission

I think we are pretty close to the bottom but it's not over yet. If the final leg will hit +/- 22 k we can try to draw upward channel with target around 80 k.

mess_on_a_mission

I ont think we are done yet. There was no real capitulation and general volume is low. Despite this I think we will bottom till end of may and aftr few months of accummulation we will have final leg up till the beginning of the nxt year.

mess_on_a_mission

Until now every time yellow circle came up we ended at purple ma, imo this distribution doesn't look like finished, it's better to watch out.

mess_on_a_mission

When we wicked above ath in this multi-mont range everyone was calling 100 K soon, now we wicked below and everyone is calling 20 k or lower. For now imo we can spring from here. Currently we are testing previous "floor" at 29/30 k. I think first attempt will fail and we revisit lows which should hold.

mess_on_a_mission

Netflow looks scarier and scarier, huge inflows to exchanges. Yesterday's pump after FOMC can be well organised bull trap, so better to be prepared for capitulation event. In this case - spring to swep the lows.

mess_on_a_mission

We have really long consolidaion on crypto markets. We can see a half year long wedge on DOT. Falling wedges love to be touched three times on the downside line ;) Third leg down also would mean we are going down from curent range sarted at the begginig of the year, so move down should be huge, 25-30% at least towards 10/11 usd. For now test of 16 is possible.

mess_on_a_mission

As we know bitcoin prefers weak dxy in a downtrend. But as we can see (orange rectangles) we had periods where dxy was going up with btc. Nevertheless strong upward movements on crypto were analogic to downtrend on dxy . So far DXY looks very strong and bitcoiin struggles. From earlier periods when dollar was in accumulation phase we had 5-wave movements, with...

mess_on_a_mission

It's interesting to watch ETH how it moves in almost perfect channels basicly all the time. This idea assumes that this time it won't be different.

mess_on_a_mission

Not a first time btc conslidates in that patern, if history rhymes we should break up from this three weeks wedge, consolidate a little bit more on higher levels and try to break 46/47 area. Breaking down that bullish structure would be very bad for bulls.

mess_on_a_mission

That 5 year net of parallel channels shows us how many touch ponts with the lines we had, every single top and bottom included. So something to watch. If we fall - 24/26 k is a floor lower level, if up.. depends on timing but moon generaly.

mess_on_a_mission

BITSTAMP:ETHUSD is repeaiting from end of 2020 what was very bullish in the end. Holding 2.8 and current low is a key, is pattern fits we should go up with big green candle and volume, otherwise could be a trap.

mess_on_a_mission

Bullish triangle in downward channel and big upward channel in creation. Let's see how these three will develop! :)

mess_on_a_mission

IMO we can see huge channel in making with target around 200 k within nxt 12/13 months

mess_on_a_mission

If we hold higher low crated at 17 usd than we can see cointnuation of accumulation like on ETH before. Channel can be broken at our double bottom point and from here angle of second leg of channel should be bigger so in general channel wille get more steep.