v82pr29ssu
Aaaaand it happened, like I said the strong sell signal on ETH was poised to hit before BTC's buy signal and ended up diverting the 20MA laaast second, how convenient... freaking whales... so back down we go and at this point BTC might follow ETH way down unless we get a miracle.
50MA is about to pass 100MA which is usually a massive Sell Signal. Here is just to hope a BTC bull run is triggered and allows us to take a maximum profits at the bottom of the ETH bear run.
Buy signal confirmation or further decline due to crypto bans. I've seen a lot of liquidity being moved around by whales so they're preparing something. Can't say what yet but here is my TA anyway...
BTC maybe back to Bullish based on the 20 MA and 200MA crossing, but... last time it almost crossed and ended up deviating and so we were left bullish. There is also a lot happening in the background with the crypto bans and whatnot (China, Trump, Warren, etc...), and on the other hand the hype guys trying to get the market back up (Dorsey, Musk, Buterin,...
ETH USD Another Sell Signal But... 50MA is about go over 100MA again which is usually a sell signal, you can verify for yourself on the map, rarely has ETH been bullish when these two cross that way. BUT... and it's a big BUT, Musk and Buterin are talking about a Dogecoin and Ethereum collab (I know...I know...) and MicroStrategy is poised to buy $500M in crypto...
Rookie mistake made by mainly looking at the chart on 1D basis and not checking the 4H indicators, resulting in missing the 20MA and 50MA cross. May I learn from my mistakes.
Small possibility of a rebound to $2700. But with the 20MA/100MA cross coming up I am really skeptic about it being able to hold.
The 20ma and 50ma are crossing expect massive drops starting immediately.
Here is my trend analysis for BTC. Since the triangle has been broken, we're going down, towards the resistance at 31K. But given the news about Trump being against crypto and his large following being invested in crypto, we're probably headed towards the 25-24K territories. Welp fuck, we almost were out the water...
Hello, here is my TA for BTC today. I think that since we didn't break the resistance at $35700K today, we're going back down to $34500K. The angles seem to confirm today will be the day it touches the base of the triangle. Which is good news if the trend continues, especially given the bullishness of ETH right now which will provide a much needed to push to BTC...
Here is my analysis for a bullish scenario for ETH. Fibbonaci Retracements: We're still above resistance level at $2698 (bottom of the area in red in the smaller Fibonacci retracement), and still above the bigger resistance at $2580 (bottom of the area in blue pale in the bigger Fibonacci retracement). Thus we can expect the trend to go upwards to reach higher...
If the cross happens at that moment where there is already so much momentum, there is potential for a record shattering ATH. A bit of a wild prediction since 20ma and 50ma's directions are hard to follow. But let's hope I'm right.
Here is my analysis on the 2021-06-06 at 10:40 pm. With the bullish movement, 20ma is bound to correct higher and cross 50ma which if it happens will trigger a strong buy signal. Hopefully I'm right.
Green dots: trend if resistance is broken at $36K Green dashes: trend if resistance not broken at 36K AND base of triangle not passed Red dots: Trend if resistance is not broken at 36K AND base of the triangle passed Green circles: Buy signals Red circles: Sell signals
Green dots: trend if resistance is broken at $36K Green dashes: trend if resistance not broken at 36K AND base of triangle not passed Red dots: Trend if resistance is not broken at 36K AND base of the triangle passed Green circles: Buy signals Red circles: Sell signals
Here is my analysis of BTC/USD based on the descending triangle pattern. Hopefully I'm right.
Here is my analysis for ETH based on the ascending pattern trading principle. Hopefully I'm right.