BTC looks liek it wants to bounce to 52.7k from this falling wedge on extreme fear. if we fail, 42k would be the downside target.
Eth looks like it still been consolidating in a falling wedge still. it can take us to 4400 when it breaks out. If we fail to on this attempt, we can revisit 3600 from here. A failure of the overall pattern will take us to 3150-3300
As long as BTC or the SPX roll over, I think FIl coin can get some relief up to 45 from this falling wedge. At a major trend line and support line as well. If not and we break down, I will be looking for 28
ETH honestly looks like its drawing a falling wedge. If BTC can hang in there and pump, think we should get a bounce to 4400 on ETH
If BTC and ETH can maintain themselves or get a bounce, I think this falling wedge on FIL will take us to 46
The main reason I've been feeling bearish on crypto is due to the SPX. It just got the pullback we were looking for. It can continue to 4500 from this rising wedge on declining volume. This would not be fun for crypto if we get the move to the downisde
I had misplaced my upper trend line over the wrong volume candle stick on the last post which gave the appearance of a breakout occuring. I apologize but I had reverted back to the symmetrical triangle formation for a breakdown to 42k
IF BTC makes its move to 54k then I would expect ETH to follow. It has stabilized for the time being and looks like it can move up to 4400 from this symmetrical triangle on declining volume
No change from yesterday. BTC looks like its going to make a move to 54k from this falling wedge
BTC hasn't had too crazy of a breakdown yet and this structure is starting looking more bullish. Its been consolidating sideways longer than I like without a breakdown. We look like we can breakout to 54k from this falling wedge on declining volume. If we fail and do have a breakdown, I will be looking at 42k-44k again
I'm still watching LINK as a large symmetrical triangle for continuation to 61 when it breaks out.
BTC maybe breaking down soon to the mid to low 40ks from this symmetrical triangle. The SPX is tapping ATH and may get a pull back to 4650-4600 before breaking to new highs. If the SPX starts ripping through, then I would expect this pattern to break up to 58k on BTC
ETH Seems to be drawing this rising wedge and maybe breaking down soon. It can go as low as 3700 but I think will stop at 3880
If you guys have any questions, let me know! THis is my first video so I will polish them up over time. I am neutrqal bullish in the big picture but bearish in the short term
If XRP does not hold its curent bullish consolidation(See chart posted) and starts closing below 70 cents, I will flip bearish and view this consolidation as a rising wedge about to take us to .22 cents
GRT was looking fantastic up until the BTC dump. It's deep pull back has been concerning. If we don't get a solid bounce soon, it maybe likely that we are in a rising wedge on declining volume and about to head to lower prices. To the low .40's I don't want this to happen but I wouldn't be an honest trader if I didn't talk about it
Unfortunately the SEC lawsuit will most likely be resolved in Q1 of next year for XRP. I am still bullish on XRP though as long as BTC and ETH don't roll over. Looks like a symmetrical triangle for continuation to 2.50 when we break out.
Our falling wedge pattern broke down with BTC and ETH and we are currently sitting at major support. on the 4h, it looks like we are in the middle of a falling wedge breakout towards 45. Its possible that the overall picture though is a falling wedge on the weekly. The volume profile isnt ideal but its ok/. If this were valid, then the ATH would be the target